Flash Briefing: Bumper day for mining stocks, Naspers; Platinum producers face showdown; SARB rate cut expected; oil price surge
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In today's business headlines:
South African mining stocks were driven to an almost 11 year high;
However mining production decreases in April;
South African platinum producers are preparing for significant wage demands as workers eye windfall earnings;
The Governor of the Reserve Bank Lesetja Kganyago says there may be room for interest rate cuts in the longer term;
Naspers earnings is expected to rise by a third; and
oil price surges after tanker explosions.
South African mining stocks were driven to an almost 11 year high;
However mining production decreases in April;
South African platinum producers are preparing for significant wage demands as workers eye windfall earnings;
The Governor of the Reserve Bank Lesetja Kganyago says there may be room for interest rate cuts in the longer term;
Naspers earnings is expected to rise by a third; and
oil price surges after tanker explosions.
