R600m Fund Payout To Ex-mineworkers

The Mines 1970 Unclaimed Benefits Preservation Pension and Provident Funds want to distribute the entire fund – R600 million – to ex-mineworkers in South Africa, Mozambique, Lesotho, Swaziland, Malawi, Botswana and Zimbabwe by 2020. Mineral Resources Deputy Minister, Godfrey Oliphant said last year that there was about R30 billion in unclaimed benefits. About damn time!

Starbucks To Hire 10000 Refugees In Response To Trump Ban

Starbucks O Howard Schultz has said that the company plan to hire 10,000 refugees over five years in 75 countries. The hiring efforts announced would start in the United States by initially focussing on individuals who have served with U.S. troops as interpreters and support personnel in the various countries where the military has asked for such support.

Cape Town Dam Levels Down To 29%

The City of Cape Town says dam levels are effectively sitting at 29% according to their spokesperson. The municipality has again urged residents to cut their consumption and will be introducing heightened water restrictions from the 1st of Feb. Water consumption is still above the collective water usage target of 800 million litres per day and the City will be prosecuting those who don’t heed warnings.

Toyota No Longer Worlds Highest Car Selling Brand

Toyota’s global sales, including its Hino Motors and Daihatsu Motor Company units, rose 0.2% to 10.2 million vehicles in 2016, the Japanese automaker said on Monday. That fell short of Volkswagen’s record 10.3 million cars, trucks and buses, a 3.8% gain. Toyota’s profit was still more than double Volkswagen’s in the six months through September.

Harmony Expects 225% Increase In Earnings

Harmony Gold Mining Company said on Monday it expected an increase of up to 255 percent in headline earnings per share for the six months to the end of December. The company pointed to an increase in the average gold spot price, the recognition of a gain on the Hidden Valley acquisition, as well as gains on gold and currency hedges as contributers to their stellar performance.

Currencies And Stuff

Oil 54.96 – Rand/USD 13.52 – Rand/GBP 16.87 – Rand/EUR 14.48

Author: The Turk Report

Simplifying complex money matters

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