SA platinum companies tie up three main territories

There are four main territories for platinum group metals production and SA miners have tied up three of them.

It’s not just grandly ambitious designs on tightening control of the global PGM supply but also necessity because of the poor environment in Southern Africa, host to two of the territories.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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BUSINESS MAVERICK: SA Central Bank’s gross reserves reach record highThe SA Reserve Bank’s gold and forex reserves rose almost $5-bn, or around 10%, in September 2019 to a record $54.9-bn. This is a double-edged sword as the increase came from fresh debt proceeds, which make the economy vulnerable on other fronts.
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