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        <title>Polity.org.za | South African News</title>
        <description><![CDATA[Polity South African News offers free access to the latest South African regional, with the aim of advancing Polity’s mission of deepening democracy through access to information.]]></description>
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            <title>Nedbank CIB underwrites mining credit facility for the Geita gold mine</title>
            <link>https://www.polity.org.za/article/nedbank-cib-underwrites-mining-credit-facility-for-the-geita-gold-mine-2026-07-14</link>
            <description><![CDATA[Nedbank Corporate and Investment Banking (Nedbank CIB) has structured and underwritten a $500-million credit facility for gold major AngloGold Ashanti's Geita gold mine, in Tanzania. In a media release, Nedbank explains that it is one of the largest facilities of its kind that the bank has underwritten to date in the mining sector. Nedbank CIB provided a fully underwritten solution, giving AngloGold Ashanti funding certainty ahead of a planned debt syndication process.]]></description>
            <author>Sabrina Jardim</author>
            <category>FINANCE</category>
            <pubDate>Tue, 14 Jul 2026 09:28:00 +0200</pubDate>
        <a_id>725585</a_id>
        <updated>1784019132</updated>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>Processing plant at AngloGold's Geita operation in Tanzania</image_title>
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            <title>PIC suspends CEO, appoints new acting chief investment officer</title>
            <link>https://www.polity.org.za/article/pic-suspends-ceo-appoints-new-acting-chief-investment-officer-2026-07-14</link>
            <description><![CDATA[The board of the Public Investment Corporation (PIC) has placed its CEO Patrick Dlamini on precautionary suspension, saying it is necessary to give him sufficient space and time to respond to allegations of impropriety against him that were submitted to the board in a whistleblower report last month. "In line with applicable labour legislation and internal PIC policies, the precautionary suspension is intended to ensure a fair, objective and independent investigation into these allegations. The suspension does not, in any way, constitute a finding nor is it a pronouncement of any wrongdoing on the part of the CEO," the PIC clarifies.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>GOVERNANCE</category>
            <pubDate>Tue, 14 Jul 2026 09:09:00 +0200</pubDate>
        <a_id>725581</a_id>
        <updated>1784014333</updated>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>PIC CEO Patrick Dlamini</image_title>
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            <title>South African rand wobbly ahead of local mining data, US inflation print</title>
            <link>https://www.polity.org.za/article/south-african-rand-wobbly-ahead-of-local-mining-data-us-inflation-print-2026-07-14</link>
            <description><![CDATA[The South African rand was under pressure early on Tuesday as uncertainty surrounding the Iran war hung over markets ahead of the release of domestic mining figures and key US inflation data. At 0632 GMT, the rand traded at 16 4575 against the dollar, a whisker away from its previous close, and teetering near a more than two-week low.]]></description>
            <author>  Reuters</author>
            <category>South African News</category>
            <pubDate>Tue, 14 Jul 2026 08:53:00 +0200</pubDate>
        <a_id>725580</a_id>
        <updated>1784012272</updated>
        <published>1784011980</published>
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        <editor>  Reuters</editor>
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            <title>R964m to be spent at Sibanye-Stillwater's K4 platinum group metals shaft</title>
            <link>https://www.polity.org.za/article/r964m-to-be-spent-at-sibanye-stillwaters-k4-platinum-group-metals-project-2026-07-13</link>
            <description><![CDATA[Remaining project capital of R964-million of the total of R4.4-billion in real 2026 terms is to be spent this year and next on Sibanye-Stillwater’s K4 platinum group metals (PGMs) project at Marikana in South Africa’s North West province. The project is on track for steady-state production in 2033 and has a 48-year economic life, which bodes well for the community of the Rustenburg municipal area in particular. (Also watch attached Creamer Media video.)]]></description>
            <author>Martin Creamer</author>
            <category>PLATINUM GROUP METALS</category>
            <pubDate>Mon, 13 Jul 2026 16:01:00 +0200</pubDate>
        <a_id>725569</a_id>
        <updated>1784007713</updated>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>Sibanye-Stillwater EVP Mining Operations Dawie van Aswegen.</image_title>
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            <title>‘Significant operational improvements’ recorded at Cape Town port – TNPA</title>
            <link>https://www.polity.org.za/article/significant-operational-improvements-recorded-at-cape-town-port-tnpa-2026-07-13</link>
            <description><![CDATA[Transnet National Ports Authority (TNPA) says it has recorded “significant operational improvements” at the Port of Cape Town, with progress in terminal performance, reduced ship turnaround time (STAT) and increased volume throughput across key commodity sectors. According to the State-owned port operator it has achieved consistent year-on-year improvements in container terminal STAT, decreasing from 103 hours in the 2023/24 financial year to 83 hours in 2024/25, with a further improvement to 74 hours in 2025/26.]]></description>
            <author>Irma Venter</author>
            <category>PORTS</category>
            <pubDate>Mon, 13 Jul 2026 15:20:00 +0200</pubDate>
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        <updated>1783951296</updated>
        <published>1783948800</published>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>Port of Cape Town</image_title>
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            <title>Ramaphosa calls on S Africans to use Mandela Day to fight poverty, inequality</title>
            <link>https://www.polity.org.za/article/ramaphosa-calls-on-s-africans-to-use-mandela-day-to-fight-poverty-inequality-2026-07-13</link>
            <description><![CDATA[President Cyril Ramaphosa has urged South Africans to use the upcoming Nelson Mandela International Day to refocus national efforts on tackling deep-seated poverty and inequality. Writing in his weekly newsletter to the nation, Ramaphosa emphasised that meaningful change requires a combination of structural policy reform and grassroots community service.]]></description>
            <author>Thabi  Shomolekae</author>
            <category>South African News</category>
            <pubDate>Mon, 13 Jul 2026 15:04:00 +0200</pubDate>
        <a_id>725557</a_id>
        <updated>1783951754</updated>
        <published>1783947840</published>
        <expires>99999999999</expires>
        <editor>David Shepherd</editor>
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        <image_title>Former President Nelson Mandela </image_title>
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            <title>Salga Gauteng calls for transparent intergovernmental processes to resolve withholding of ...</title>
            <link>https://www.polity.org.za/article/salga-gauteng-calls-for-transparent-intergovernmental-processes-to-resolve-withholding-of-share-allocation-2026-07-13</link>
            <description><![CDATA[The South African Local Government Association (Salga) Gauteng calls for a fair, transparent and collaborative intergovernmental process to resolve the decision by the National Treasury to withhold equitable share allocations from six municipalities in the province. Treasury announced last week that it would withhold equitable share transfers to 69 municipalities across the country.]]></description>
            <author>Schalk Burger</author>
            <category>LOCAL GOVERNMENT</category>
            <pubDate>Mon, 13 Jul 2026 12:46:00 +0200</pubDate>
        <a_id>725544</a_id>
        <updated>1783951991</updated>
        <published>1783939560</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>South Africa proposes compulsory fuel stocks to preempt crises</title>
            <link>https://www.polity.org.za/article/south-africa-proposes-compulsory-fuel-stocks-to-preempt-crises-2026-07-13</link>
            <description><![CDATA[South Africa is proposing a revamp of its strategic fuel storage capability requiring mandatory reserves from both the State and private sector to mitigate supply crises, a policy document showed. Global energy supplies and prices have been under pressure for months due to an ongoing crisis in the Middle East that has choked off the Strait of Hormuz, a key oil and liquefied natural gas transit route.]]></description>
            <author>  Reuters</author>
            <category>FUEL STOCKS</category>
            <pubDate>Mon, 13 Jul 2026 11:25:00 +0200</pubDate>
        <a_id>725533</a_id>
        <updated>1783951825</updated>
        <published>1783934700</published>
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        <editor>  Reuters</editor>
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