JSE SENS

Anglo American sells Eskom-linked coal mines
Global JSE SENS

Anglo American sells Eskom-linked coal mines

Anglo American plc has confirmed the completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa to Seriti. The company said in a statement that the consideration payable for the Operations as at 1 January 2017 is ZAR2.3 billion (approximately US$164 million). Mark Cutifani, Chief Executive […]

S&P further downgrades South Africa’s Eskom
Global JSE SENS

S&P further downgrades South Africa’s Eskom

Global credit rating agency, Standard & Poors said there imminent risks of default facing Eskom, South Africa’s public power. The rating agency downgraded the credit rating for South Africa’s state-run power utility Eskom to CCC+ from B- on Wednesday, citing liquidity concerns and insufficient government support that could trigger a […]

Mary Vilakazi quits MMI Holdings
JSE SENS

Mary Vilakazi quits MMI Holdings

South Africa’s MMI Holdings said Mary Vilakazi has resigned as Deputy Chief Executive Officer of the company, effective 31 March 2018, to pursue another career opportunity. Mary Vilakaz served as an executive director on the Boards of MMI Holdings and MMI Group Limited. The company said Mary was appointed in […]

Zarina Bassa resigns from Sun International
JSE SENS

Zarina Bassa resigns from Sun International

South Africa’s hotel and hospitality group, Sun International said Zarina Bassa has resigned her appointment from the company’s board of directors. The company said in a statement that shareholders are advised that Ms Zarina Bassa has resigned as an independent non-executive director of Sun International, with immediate effect. Zarina joined […]

Meyer Kahn, chairman of Netcare retires
JSE SENS

Meyer Kahn, chairman of Netcare retires

Netcare, South Africa’s second-largest health provider said its chairman, Meyer Kahn will retire after serving for more than 17 years on the board. The company said in a statement that Meyer Kahn, independent non-executive director and chairperson, will leave on March 31, 2018, the firm said. Thevendrie Brewer, who has been […]