Wage negotiations in the coal sector are set to begin on Wednesday, the National Union of Mineworkers (NUM) said. "The meeting will start at 10am today in Johannesburg. We are hopeful that perhaps today the employers will come with a more reasonable

Shares of South Africa's gold miners rally as spot gold hits a new high. Spot gold hit $1,601.16 an ounce in earlier trade. Anglo Gold is up 1.8 percent at 312 rand, Gold Fields has gained 1.5 percent to 108.62 rand and DRD Gold is 2.8 percent stronger