Topic
south africa
De Beers halts diamond production at flagship South African mine for two years amid market slump
De Beers is suspending production at its flagship Venetia diamond mine in South Africa for two years, citing depressed market conditions and changing consumer habits. The mine accounts for over 40% of the country's diamond output and employs more than 4,000 workers. The International Diamond Consultants' rough diamond price index has almost halved since 2022, driven by falling demand in China and competition from lab-grown diamonds.
Trade India extends anti-dumping duty on US, Malaysia, South Africa butyl alcohol for five years
India has extended its anti-dumping duty on imports of normal butanol (butyl alcohol) originating in the United States, Malaysia, and South Africa for five years, following a review by the Directorate General of Trade Remedies (DGTR) that concluded withdrawing the duty could lead to renewed dumping and material injury to domestic producers.
Business Elon Musk's Trillion-Dollar Fortune: More Than Double South Africa's Economy
As SpaceX's market debut pushes Elon Musk toward trillionaire status, a Business-Today analysis of the scale reveals his fortune could exceed $1 trillion — more than double South Africa's GDP. The comparison underscores immense wealth concentration.
Logistics South Africa Advances LNG Terminal at Port of Ngqura
Transnet National Ports Authority has signed a 25-year agreement with Ukwanda LNG to develop an LNG terminal at the Port of Ngqura. This $1.35bn project will enhance South Africa's energy infrastructure and support its Just Energy Transition programme.