Eskom, South Africa’s major power utility, trimmed its net loss to $1.3 billion in the 2019/20 financial year, though it projects a larger loss in the next financial year owing to the financial impact of the coronavirus pandemic. The firm’s debt grew to $29.8 billion – equivalent to 9% of South Africa’s gross domestic product…
Multinational gold miner AngloGold Ashanti has announced that it will double its dividend payout ratio following an increase in its profits and reduced debt. A rise in global gold prices is responsible, with the price of the precious metal surging to record highs of above $2,000 an ounce in the beginning of the year due…
Trump’s rhetoric versus Biden’s policies. If ever words could summarize a story. The most powerful country in the world is heading to the polls in an election that pits the incumbent President Donald Trump and former Vice President Joseph Biden, who served under Trump’s predecessor, Barack Obama – the first head of state with African…