Today's Big Stories

Sibanye Gold makes $294m bid for Aquarius Platinum

The local mining industry has been hammered by falling prices and rising costs with more than half of the country’s gold mines being unprofitable.

However, South Africa's Sibanye Gold has offered $294 million to buy Aquarius Platinum in its latest bid to enter the platinum sector.

CapeTalk/702’s Stephen Grootes today unpacked the deal with mining analyst and consultant Mamokgethi Molopyane.

Listen to the conversation below:

Sibanye Gold is doing what anybody who has an interest in the sector would do, buying while people are still at a low and you can acquire assets at a much cheaper price compared to buying at a later stage.

Mamokgethi Molopyane, Mining Analyst and Consultant at Voodoo Consultancy

Molopyane said the CEO of Sibanye Gold two years ago mentioned that they would be looking at moving into the platinum sector and this showed that he remained true to his word.

Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

Tweeps throw shade as court shows Motsoeneng the door

Tweeps throw shade as court shows Motsoeneng the door

A judge has ruled that Hlaudi Motsoeneng should not hold any position at the SABC and Twitter has wasted no time reacting.

CEO of Sibanye Gold says government must keep their politics out of mining

CEO of Sibanye Gold says government must keep their politics out of mining

CEO of Sibanye Gold Neal Froneman says that instead of nurturing the mining industry, government is using it for political gains.

Popular articles
Ocean View protests Day 3: Police use water cannon to disperse crowd

Ocean View protests Day 3: Police use water cannon to disperse crowd

The community is demanding that the police act accordingly and remove gangsters from their community.

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

[Watch] Payday dance: Never a dull moment in Cape Town

[Watch] Payday dance: Never a dull moment in Cape Town

Even slow-moving traffic cannot dampen the mood in Cape Town because payday came early. Watch Capetonians celebrating payday.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.