Last updated on September 11th, 2021 at 08:06 am
The share price of Glencore plc has seriously dipped in the past 48 hours in South Africa, this was made known by Brian Molefe the Chief executive officer of the company. This decline started on Friday.
Glencore debilitated 0.44 percent to R58.24 as Molefe got into a sticky situation on Friday, blaming it for utilizing President Cyril Ramaphosa’s political impact to score rewarding agreements at the force utility.
Molefe said Glencore set out on a politically spurred move to join forces with Ramaphosa, who was then ANC’s representative president, and delegated him administrator of its auxiliary, Optimum.
“They offered 9.64 percent to Ramaphosa, a political heavyweight, and made him administrator of the new organization,” Molefe said.
Canadian companies have expanded their presence as major African mining stakeholders and invested more than $37 billion. Africa holds the…
The South African government wants people to plant one million trees across the nation within a single day on September…
The government's statistics regulator showed that South African inflation stayed at 3.2% during February and rose below the projected 3.3%.…
Keywords: Cape Town, African Energy Chamber, Africa, The 2025 African Energy Week (AEW) will host the top energy leaders from…
Recent research shows that Professor Abdessamad Faik believes Africa is at an important energy choice point as renewable-powered hydrogen allows…
The United States plans to shut down its Johannesburg consulate after Sandton Drive gets renamed to Leila Khaled Drive even…
This website uses cookies.
![](data:image/svg+xml;charset=utf-8,<svg height="32px" width="32px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)