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The Daily Edge: $2bn back to Anglo Gold shareholders, what Mideast ceasefire means for gold bulls

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Three JSE stories opened the week, and one theme cut through all of them: cash. Anglo Gold Ashanti confirmed a shareholder vote on a $2 billion share buyback, sending the stock up nearly 9%. Eskom's credit rating was upgraded by Fitch — not on its own merits, but on the back of South Africa's sovereign upgrade, with its standalone profile still deep in junk territory. Matengu flagged the sale of its Blue Ridge Platinum stake for R50 million, tidying the books ahead of a bigger deal. Then the weekend rewrote the macro: a US-Iran ceasefire pushed oil down and put gold bulls on notice.

15 Jun 7AM English South Africa Investing · Business News

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