Wednesday, 19 August 2026

DRD Gold posted a knockout year: headline earnings rose 89%, operating profit 83%, cash stayed strong, and Neil Pretorius said a R10 billion expansion is backing another 20 years of mine life.

Stats SA’s July CPI cooled to 4.3% from 5%, but housing and utilities remained the biggest pressure point, with electricity tariffs up 8.1% and water tariffs up 10.2%.

Kevin Lings said the low inflation print supports the Reserve Bank’s hold, but oil above $90 a barrel, a likely September fuel hike and El Niño risks could keep interest-rate pressure alive.

The DA’s removal of Mark Burke after the foreign-exchange trading row was a major political talking point, especially because the party had backed him only a day earlier.