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S.African platinum miner Royal Bafokeng reports record jump in annual profit

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JOHANNESBURG, March 9 (Reuters) - South African miner Royal
Bafokeng Platinum reported on Tuesday an almost 30-fold
jump in annual profit, driven by higher platinum prices,
increased output and a weak rand exchange rate.
The Johannesburg-listed company s headline earnings per
share (HEPS) - the main profit measure in South Africa - rose to
1,354 cents in 2020 from 50 cents a year ago.
The platinum group metals (PGM) miner, which engages in
mining of platinum, palladium and rhodium, declared its maiden
dividend of 575 cents per share for the year that ended Dec. 31.
Prices of platinum and sister metals rose last year by more ....

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IWD special: Women's World Car of the Year announced

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The Land Rover Defender has been chosen as the Women s World Car of the Year (WWCOTY). It was announced to coincide with International Women s Day (IWD) in the Northern Hemisphere (March 8).
The Defender was initially selected as Top Medium SUV, one of nine class winners in different categories that had to represent excellence in their segments based on safety, comfort, technology, and value for the money . But the Land Rover has now claimed the overall award.
The other category winners were Peugeot 208 (Urban Car), Skoda Octavia (Family Car), Lexus LC500 cabriolet (Luxury Car), Ferrari F8 Spider (Sport Car), Peugeot 2008 (Urban SUV), Kia Sorento (Large SUV), Ford F-150 (4x4/Pick Up) and Honda e (EV). ....

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Watch: Here's what Nissan's $600K R32 GT-R restoration service looks like

As far as Japanese performance cars go, few are more significant than Nissan s R32 Skyline GT-R, thanks to its blistering performance around Bathurst back in day.
Once a common sight on NZ roads, the R32 GT-R is now quite a rarity, and is worth a pretty penny. But would you drop $600K restoring one to factory spec? It turns out that a fair few owners would.
Late last year, Nissan announced a special restoration service that would allow owners to have their GT-Rs built from the ground up again, using only brand new, genuine Nissan/NISMO parts.
Just recently, the Japanese brand released a video showing how the process is completed starting with a complete disassembling before being scanned for any imperfections in the body and paintwork. ....

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Canadian dollar dips as higher bond yields dominate FX market

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TORONTO (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier one-week high as a sell-off on Wall Street driven by higher bond yields offset surging oil prices.
The safe-haven U.S. dollar rallied against a basket of major currencies and Wall Street slumped after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.
Canada runs a current account deficit and is a major producer of commodities, including oil, so the loonie tends to be sensitive to risk appetite.
U.S. crude oil futures settled 4.2% higher at $63.83 a barrel after OPEC and its allies agreed to keep production unchanged into April. ....

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Watch: Off-road 'recovery' goes wrong in spectacular fashion

Due to the nature of off-road driving, there s a high chance that things are going to go wrong, so drivers have to be prepared for any situation, and carry the correct gear.
Just recently a video emerged out of America showing exactly what not to do when exploring the great outdoors and things go haywire.
According to a local report, the Toyota Tacoma truck was driving through the Cleghorn trails when it lost its brakes before tipping onto its roof at the top of a precarious ridge.
Despite the video being titled as a recovery , the driver of the Dodge does little to save the poor Toyota, which is dragged on its roof back down the ridge over all types of terrain. ....

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