In a very busy day for corporate news, SA's platinum miners gave details on their cost and price pain. In international news, global steel giant ArcelorMittal reported a slump in profits after its hit in Kazakhstan, though it still fared better than its local unit. Implats was down just over 1% on Thursday and have fallen by almost two-thirds in the past year. DStv and Showmax owner MultiChoice announced it has reached an agreement with Nigerian tax authorities on its long-running tax dispute, agreeing to pay 35.4 billion Nigerian naira or $37.3 million (the latter about R705 million). Nigeria's naira has been struggling for months amid a shortage of dollars in the country.

Source: News 24 February 09, 2024 06:50 UTC