South Africa Stocks Rally to Record as Tencent Surge Boosts Naspers
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January 25, 2021
(Bloomberg) South Africaâs main stocks index jumped 2.1% as of 10:07 a.m. in Johannesburg, setting a fresh intraday record, as Naspers Ltd. was lifted by a surge in partly owned Chinese online giant Tencent Holdings Ltd. Retailer Woolworths Holdings Ltd. was also among the leading gainers, soaring the most since 1998 after an upbeat trading statement.
Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic.
Naspers advanced as much as 8.1%, the most in 10 months, to a new all-time high as Tencent jumped 11% in Hong Kong, the most since 2011. Naspers subsidiary, Prosus NV, which holds the companyâs 31% stake in Tencent, climbed 7.4% to the highest level since the company was carved out of the tech investor in September 2019.
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(Bloomberg)
Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic.
Naspers advanced as much as 8.1%, the most in 10 months, to a new all-time high as Tencent jumped 11% in Hong Kong, the most since 2011. Naspers subsidiary, Prosus NV, which holds the company’s 31% stake in Tencent, climbed 7.4% to the highest level since the company was carved out of the tech investor in September 2019.
Tencent Jumps as Citi Boosts Target, Kuaishou Seeks $5.4b IPO
Woolworths climbed 15% after saying it experienced improved trading momentum across all businesses in the final six weeks of the period ended Dec. 27.
Gold Fields Hires CEO Who May Fix Troubled Giant Mine
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January 21, 2021
Chris Griffith, chief executive officer of Anglo American Platinum Ltd., speaks during a Bloomberg Television interview in London, U.K., on Monday, May 13, 2019. The World s biggest platinum producer is very bullish on both platinum and palladium, Griffith said during the interview.
(Bloomberg)
Gold Fields Ltd. named former Anglo American Platinum Ltd. boss Chris Griffith as its new chief executive officer as the company seeks a solution for its last gold mine in South Africa.
The new chief will start on April 1, succeeding Nick Holland, who is retiring after 13 years at the helm. Gold Fields extended gains on the news, rising as much as 6.2% in Johannesburg trading.
Pure Gold Mining celebrates first gold bar
Ore taken from new Western Ontario mine January 3, 2021 Stephen Law
Vancouver-based Pure Gold Mining Inc. says it has poured the first gold bar from ore mined at its PureGold Mine in Western Ontario. It says the first pour was accomplished on Tuesday, following the introduction of ore two weeks earlier to the processing mill at Red Lake, about 535 kilometres northwest of Thunder Bay.
CEO Darin Labrenz says the pour represents the transition of the junior mining company to “producer” status. He says the construction of the mine, expected to cost about $95 million when approved in 2019, was accomplished on budget and on schedule. The company says the PureGold mine employs over 200 people and the related workforce is expected to average 350 during the 12-year phase one mine operation.