Zimplats reduces capex

ZIMBABWE - Zimbabwe's largest platinum producer, Zimplats, said it has reduced its expenditure on capital projects in the country due to deteriorating economic conditions compounded by a biting liquidity and cash crisis. 

Dark cloud over oil industry’s future

SOUTH AFRICA - There was no shareholder on earth willing to pump in billions of rand to upgrade ageing oil refineries in exchange for no return on investment, South African Petroleum Industry Association (Sapia) chairman Maurice Radebe has warned.