Tuesday, 11 August 2026

Ferroglobe warned its Emalahleni smelter could close within weeks, putting 350 direct jobs at risk unless it secures cheaper electricity, with talks focused on Eskom tariffs around 62c/kWh.

AECI Mining reported half-year profit growth despite revenue softness, with management saying supply-chain disruptions lifted raw-material costs but stronger cash flow still supported dividends and lower net debt.

The new Auto Act is now in force after a withdrawn court challenge, and employers must nominate drivers for company-car fines while employees risk licence suspension through demerit points.

Standard Bank said Africa-China payments through the cross-border interbank system have crossed $1 billion, cutting intermediaries, speeding settlement and reducing foreign-exchange risk for trade flows.

Stakeholders meeting Transport and Transnet agreed to form a port forum with execution authority, add backup labour and equipment, and shift fruit volumes through other ports when Cape Town is disrupted.