News24 | Gemfields takes R2bn hit on embattled Mozambique ruby mine
37m ago
Share
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Loading, please wait...
0:00
Subscribers can listen to this article

A worker examines a ruby at the Gemfields mine near Montepuez in Mozambique. The operation, which accounts for three-quarters if group revenue, has been written down by over R2 billion.
Matthew Hill/Bloomberg via Getty Images
Read this for free
Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
Already a subscriber? Sign in
Next on News24
Netcare flags patient rebound amid ‘resilient’ private health demand
1h ago
Rand - Dollar
16.38
+0.2%
Rand - Pound
21.77
-0.3%
Rand - Euro
18.60
+0.0%
Rand - Aus dollar
11.42
+0.3%
Rand - Yen
0.10
-0.1%
Platinum
1,703.20
-0.2%
Palladium
1,223.00
-0.7%
Gold
4,189.23
+0.2%
Silver
60.74
-1.2%
Brent Crude
102.59
-2.6%
Top 40
101,668
-0.1%
ALSI
109,329
-0.1%
RESI 10
120,415
+1.0%
INDI 25
116,778
-1.2%
FINI 15
25,098
-0.1%
FundHub
FundHub
An independent platform profiling asset managers, discretionary fund managers, investment platforms and solution providers.
Newsletters
Bruce Whitfield’s Business Week
![]()
Get each new episode of Bruce Whitfield’s weekly podcast delivered to your inbox to hear his take on business without the boring bits.
Game On!
Play today’s crossword, wordflower, and sudoku
![]()
And so much more
Government tenders
Find public sector tender opportunities in South Africa here
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.