mining sector

Anglo American reported a staggering $3.7 billion loss as CEO Duncan Wanblad pushes to complete the sale of De Beers by year-end, marking a decisive break from the company's diamond legacy amid broader industry turbulence.

Precious metals shares comprising over 25% of the JSE All Share Index create significant concentration risk for South Africa's benchmark, while the potential collapse of sugar producer Tongaat Hulett signals deeper industrial challenges.