Bank rates hike ,25%

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BONUS – RUSTENBURG – Despite inflation being put at 4.7% for the month of June 2015, the South African Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) has increased the repo rate by 25 basis points to 6% per annum.

Mooinooi farm attacks on the rise?

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BONUS – RUSTENBURG – The Bonus and sister publication Rustenburg Herald is still awaiting comments from the police regarding the recent spate of “farm attacks” and armed robberies which have occurred in the Mooinooi, Buffelspoort and Buffelsfontein areas over the past few weeks.

Kumba closes Thabazimbi mine

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BONUS – RUSTENBURG – Kumba Iron Ore Limited (Kumba) announced last week that it has started a consultation process in terms of section 189 of the Labour Relations Act, through its subsidiary Sishen Iron Ore Company (Pty) Ltd, as part of closure procedures at its Thabazimbi mine in Limpopo.