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Chart boat brokers.

Chart Boat Brokers (Pty) Ltd  was established in 2009 and is owner managed by Bruce Stirk, involved in boating for over 35 years.

Chart Boat Brokers has a comprehensive stock of new and used Sailing Yachts, Sailing Catamarans, Power Catamarans and Power Boats for sale in South Africa.

We also offer these services: Delivery skippers, Boat cleaning, Boat Evaluations and assistance with Vessel insurance.

You will also find our Guide For Buyers and Guide For Sellers useful.

Our enthusiastic and knowledgeable staff will ensure our customers make an informed decision when identifying and purchasing their dream vessel as well as being shielded from risk by tried and tested documentation.

If we don’t have it in stock we will find it for you.

Call Bruce on (+27) 082-774-5410 to discuss your requirements.

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• Yachts for Sale in South Africa

Yacht for Sale Models 54

Yacht for sale models 47, riva 63 virtus yacht for sale, yachts for sale kavi 9, yacht for sale models 45, yacht for sale models 53, yacht for sale models 52, yacht for sale 45, carbo yacht for sale 90.

Explore the largest online selection of luxury yachts for sale , featuring only the highest quality superyachts from the South Africa leading brokers.

For expert information and advice about buying or selling boats and yachts in South Africa contact one of our experienced advisers who will be happy to assist you.

Yachts for Sale is the company that successfully performs all transactions such as yachts, boats and yachts sales brokerage. Guaranteed sales transactions are made by all the operating companies we will do. We serve South Africa and the whole world.

• Boats for Sale in South Africa

For aspiring yacht owners looking for a luxury yachts, we have put together a fine selection of luxury explorer yachts, motor yachts, used yachts, sailing yachts, trawler yachts, classic yachts, boats and yachts for sale from all over the world. Search Yachts for Sale collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by speed, designer and much more.

Used Yachts for Sale in South Africa

Used yachts for sale near you in South Africa and across world. Find your ideal boats, compare prices and more. Get an email alert for new ads matching your search. Buying a boats has never been so easy!

When looking for new, pre-owned, and used used yachts for sale in South Africa, the amount of time it takes to narrow down exactly what you want can some times be intimidating. With so many manufacturers, models, and boats types, how do you begin to find the right yacht that meets your budget and your needs?

 Yachts for Sales is the one-stop professional yacht brokerage that can navigate you through the frustrations and help you make the best decision possible when it comes to the purchase of your next boats. We can help you find the yacht for sale, set up the showings, help negotiate pricing, handle the yacht closing and everything else involved, and we do all of this so you are able simply sit back and to enjoy the process. Buying a yacht requires a significant investment and it is our goal to provide you with detailed information and professional guidance.

When searching for a yachts for sale , there are a plethora of options. The yachts on our website number over 1,952 listings, including yachts built by top brands such as Yellowfin, Mag Bay, Elan, Admiral, Leopard Power Catamarans for Sale, Carver, Hallberg-Rassy Sail, Kadey-Krogen and more. Yachts for Sale can also help you find the best used center-console boats for sale in South Africa from brands like Yellowfin, Contender, and more. To view used yachts for sale in South Africa, browse below and click the photo for more information.

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Catamaran yachts in south africa.

South Africa, a land known for its breathtaking landscapes and diverse wildlife, also holds a secret allure for sailing enthusiasts and luxury yacht seekers. The azure waters that caress its shores serve as the perfect canvas for a thrilling maritime experience.

In recent years, the demand for catamaran yachts in South Africa has surged, transforming the coastline into a haven for yacht enthusiasts and adventurers alike.

In this article, we will explore the world of catamaran yachts, delving into the vibrant market of luxury yachts for sale in South Africa, new builds, and the charm of small yachts that are capturing the hearts of many.

Catamaran Yachts for Sale in South Africa

The coastal regions of South Africa offer a plethora of options for those seeking to buy catamaran yachts. Enthusiasts can choose from an array of models, each crafted with precision and elegance.

These catamarans, with their dual-hull design, offer stability, speed, and ample space for luxurious amenities, making them an ideal choice for sailing aficionados.

Luxury Yacht for Sale in South Africa

For those with a taste for opulence, South Africa’s luxury yacht market presents an enticing array of choices. These yachts redefine extravagance, featuring state-of-the-art interiors, world-class amenities, and impeccable craftsmanship.

Owning a luxury yacht in South Africa means indulging in the epitome of comfort while exploring the picturesque coastline and its hidden gems.

New Build Yacht for Sale

The allure of setting sail on a brand-new yacht is irresistible. South Africa’s yacht builders are renowned for their expertise in crafting new build yachts that cater to the unique desires of their clients.

These yachts are not merely vessels; they are a testament to innovation, combining cutting-edge technology with timeless design.

The Charm of Small Yachts

While larger yachts exude grandeur, small yachts have a charm of their own. Compact and nimble, these vessels offer an intimate sailing experience.

They are perfect for couples or small groups, allowing for secluded anchorages in serene bays and access to secluded spots unreachable by larger vessels.

Small yachts provide a genuine connection with the sea, allowing sailors to bask in the tranquility of the open water.

Yacht Boat Builders: Master Craftsmanship on South African Shores

South Africa boasts a lineage of skilled yacht builders, revered for their mastery in transforming raw materials into magnificent seafaring vessels.

These builders combine traditional craftsmanship with modern techniques, ensuring that each yacht they produce is a masterpiece.

Their dedication to perfection and passion for the art of yacht building shine through in every detail, making South Africa a hub for yacht enthusiasts and connoisseurs alike.

Yacht Price in South Africa: Balancing Luxury and Budget

The allure of owning a yacht is often tempered by budgetary constraints. In South Africa, the yacht market offers a diverse range of options, ensuring that there is a yacht for every budget.

From affordable small yachts to luxurious catamarans, buyers can find vessels that align with their financial plans without compromising on quality or comfort. This affordability, coupled with the country’s stunning sailing destinations, makes South Africa an ideal choice for prospective yacht owners.

South Africa’s catamaran yachts market is not merely about buying a vessel; it’s about embarking on a journey of luxury, adventure, and discovery.

Whether you are in search of a catamaran yacht for sale, a luxury yacht, a new build, or a small yacht, South Africa offers a diverse array of options. With its skilled yacht builders, competitive yacht prices, and the enchanting allure of its coastline, South Africa beckons sailing enthusiasts to set sail on a voyage of a lifetime.

So, come aboard and let the winds of the South African coast carry you into the heart of maritime splendor.

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Showing 1 - 14 of 14 results

Cape Town, (South Africa)

OFFERED BY:

The Multihull Company

EMBARK ON A VOYAGE Antifouling over epoxy based osmosis barrier Closed cell PVC foam core, vacuum bonded for stiffness, strength and minimal weight Forward water tight compartments with horizont...

Jacobs Brothers Southwell 51

Cape Town, Western Cape (South Africa)

Ocean Independence

A beautiful and ready to cruise 51 Southwell built by the well proven aluminum boat builders Jacob Brothers. Due to owners personal reasons the decision has been made to sell t...

st francis 50 MK II

$1,682,655 *

Calibra International Boat Sales

General Info Grace - Space- Pace defines the new St Francis 50 MK II. This new catamaran was designed around its fast, sea-kindly proven predecessor which on its debut won the 'Cruising W...

st francis 46

Eastern Cape (South Africa)

In the world of the cruising catamaran, the St Francis marine boat yard should not require an introduction as they are the quintessential example of this class of vessel. Their motto is simply,...

Aventure 430

Western Cape (South Africa)

The Aventure 430 was designed as an adventure cruiser that is equally comfortable as an entertainment platform, sports fisher or long-range cruiser. She has recently been through a significant ...

Cape town (South Africa)

The ATOMIC 22 is a well-built, well thought out and extremely capable vessel. This is a vessel I would be most comfortable with beach launching and running through the surf. She can be comfo...

Nutshell 26

Cape Town (South Africa)

When I first heard about this ambitious project I was not particularity enamoured as I just could not get my head around a 26ft sailing catamaran (capable of being transported in a single 40ft ...

Ocean 62'

Denison Yacht Sales

62' Ocean Renegade 2025 Introducing the remarkable R6-the evolution of the beloved R5. With the desire for a larger platform in the R-series, the R6 emerges as a unique and distinct...

These boat details are subject to contract. When viewing the Admiral 40, under sail, it is immediately apparent that she has a proud bow with plenty of buoyancy up front. This is a most as...

st francis 50

Dual flyer 400 day sailor.

If you are looking for a high performance lightweight 39.5ft sailing catamaran to enjoy sailing in subtropical climates, the Dual Flyer 400 will certainly tick a significant number of boxes. In...

The Knysna Yacht Company was established in the early 2000’s and over the years the yard has continued to remain true to its original goal. Knysna sailing catamarans are built for self-suffi...

Ocean 54'

54' Ocean Renegade 2025 One of the key advancements of the MKII is the increased hull volume, allowing for a touch more luxury and convenience. However, the innovation doesn't stop ...

Stand Up Boat (SUB) 14

Unhindered, independent fun is what the SUB 14 is all about. This little vessel is surprisingly capable and stable. She can be moved around on her trailer, launched and retrieved with the gr...

* Price displayed is based on today's currency conversion rate of the listed sales price.

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Beats Studio Pro - Kim Special Edition - Moon

Product Information

Two icons reunite. Kim Kardashian’s special-edition Beats Studio Pro headphones mark another instantly classic collaboration. Now available in undeniably Kim colors personally curated by her — Moon, Dune, and Earth — our most advanced headphones to date deliver incredible sound, top-notch noise canceling with Transparency Mode, and up to 40 hours of battery life.⁸ Each headphone comes with a color-matched Beats x Kim carrying case and custom woven cables integrating her three colors to make this an instant classic collection.

Beats Custom Acoustic Platform

The Beats Studio Pro custom acoustic platform delivers an immersive listening experience. Each custom 40mm driver has been engineered for optimal clarity, with near-zero distortion even at high volume – an improvement of up to 80% compared to Beats Studio3, providing increased audio fidelity. An integrated digital processor optimizes the final frequency response for a powerful, yet balanced sound profile crafted to bring out the subtle details of whatever you’re listening to.

Active Noise Cancelling and Transparency Mode

At the touch of a button, two dynamic listening modes let you choose whether to keep the world out, or let it in. Fully adaptive Active Noise Cancelling (ANC) continuously monitors the noise around you in real-time, then creates a precisely-tuned filter to cancel it out. Easily switch to Transparency mode to let the sounds of your environment mix seamlessly with your music when you want to stay present and aware.

Spatial Audio

Get lost in theater-like sound from your favorite content with Spatial Audio¹. Music and movies available in Dolby Atmos deliver full immersion with 360-degree surround sound. Beats Studio Pro also features dynamic head tracking for an interactive experience that moves with you. You can even personalize Spatial Audio just for your ears using your iPhone.

Enhanced Apple Compatibility

• One-touch pairing - easy, one-touch setup instantly pairs with every device in your iCloud account²
• “Hey Siri” - simply say “Hey Siri” to activate your voice assistant³
• Find My - locate your lost headphones on a map based on the last known connected location⁴
• Over-the-air updates - receive software updates and new features automatically

Enhanced Android Compatibility

• Google Fast Pair - connect quickly with a single tap, and automatically pair to all Android or Chrome devices registered to your Gmail account⁵
• Audio Switch - seamlessly transition audio between your Android, Chromebook, and other compatible devices⁶
• Find My Device - easily locate your lost headphones on a map with Google Find My Device⁷
• Beats app for Android - unlock access to product customization, software updates, and new features to get the most out of your headphones

Clear Calls

Upgraded voice-targeting microphones in Beats Studio Pro give you high-quality call performance. These powerful microphones actively filter out background noise to enhance the clarity of your voice – up to 27% better than Beats Studio3.

For Longer Listening

With up to 40 hours of battery life⁸, Beats Studio Pro headphones keep you immersed in your music longer. With ANC or Transparency Mode enabled, enjoy up to 24 hours of listening time. When you’re low on power, Fast Fuel gives you up to 4 hours of play time from a quick, 10-minute charge⁹.

Wireless and Wired Connectivity

Beats Studio Pro offers multiple ways to connect with your devices: Class 1 Bluetooth for exceptional wireless connectivity, USB-C audio for simultaneous listening and charging¹⁰, and 3.5mm analog input for wired audio sources. And with the newly designed carrying case, you can easily store the cables with your headphones.

Optimized Sound Profiles

While using USB-C audio, you can select between three distinct sound profiles: the Beats Signature profile delivers the most tonally balanced tuning for all genres of music. The Entertainment profile boosts select portions of the audio spectrum, offering a heightened experience for movies and games. And the Conversation profile optimizes the frequency response for voice – ideal for phone calls or podcasts.

Designed for Comfort

This iconic design is lightweight and comfortable, so you can get lost in your music. The UltraPlush over-ear cushions have been upgraded with seamless engineered leather, delivering all-day comfort and exceptional durability. And the premium metal sliders offer a wide range of adjustment to create a flexible fit for all-day listening.

Experience immersive listening with Beats’ most powerful custom acoustic platform

Sound that surrounds you with Personalized Spatial Audio and dynamic head tracking¹

Active Noise Cancelling (ANC) continuously optimizes for immersive listening

Transparency mode blends your listening experience with the world around you

Enhanced Apple and Android compatibility¹¹ with one-touch pairing and deeper ecosystem integration

More ways to connect: USB-C audio¹⁰ , Class 1 Bluetooth®, and 3.5mm audio input

Two additional EQ-optimized sound profiles while using USB-C audio

Listen longer with up to 40 hours of battery life (ANC off)⁸

Voice targeting mics for clear call performance

UltraPlush engineered leather cushions for extended comfort and durability

What’s in the Box

Beats Studio Pro headphones

Carrying case

USB-C to USB-C cable for charging and audio

3.5mm analog audio cable

Quick Start Guide

Warranty card

(USB-C power adapter sold separately)

Height: 7.125 in./18.1 cm

Length: 7 in./17.8 cm

Width: 3.1 in./7.8 cm

Weight: 9.17 oz./260g

Form Factor: Over ear

Connections: Bluetooth, Wireless

Bluetooth Compatibility: Bluetooth 5.3

Power Source: Battery

Batteries: Rechargeable lithium-ion

Connectivity: Class 1 Wireless Bluetooth® USB-C audio 3.5mm analog input for wired audio sources Battery: Beats Studio Pro (single charge): up to 40 hours of listening time⁸ Fast Fuel: a 10-minute charge provides up to 4 hours of playback⁹ On-device controls: 'b' button for music and call controls Volume up/down rocker Multi-function button for listening modes, EQ modes, power, and pairing Packaging: Beats Studio Pro packaging is made from 100% fiber, sourced from sustainably managed forests¹²

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Horizon: An American Saga - Chapter 1

Cast & crew.

Kevin Costner

Hayes Ellison

Sienna Miller

Frances Kittredge

Sam Worthington

Trent Gephart

Giovanni Ribisi

Jena Malone

'Ellen' Harvey

Costner's violent, epic Western is meandering but watchable.

• Average 5.6
• Reviews 148

Information

© 2024 Falcon Films

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How Did Mpox Become a Global Emergency? What’s Next?

The virus is evolving, and the newest version spreads more often through heterosexual populations. Sweden reported the first case outside Africa.

• Share full article

By Apoorva Mandavilli

Apoorva Mandavilli covered the 2022 mpox outbreak and the Covid-19 pandemic.

Faced once again with a rapidly spreading epidemic of mpox, the World Health Organization on Wednesday declared a global health emergency. The last time the W.H.O. made that call was in 2022, when the disease was still called monkeypox.

Ultimately the outbreak affected nearly 100,000 people worldwide, primarily gay and bisexual men, including more than 32,000 in the United States.

The W.H.O.’s decision this time was prompted by an escalating crisis of mpox concentrated in the Democratic Republic of Congo. It recently spread to a dozen other African countries. If it is not contained, the virus again may rampage all over the world, experts warned.

On Thursday, Sweden reported the first case of a deadlier form of mpox outside Africa , in a person who had traveled to the continent. “Occasional imported cases like the current one may continue to occur,” the country’s public health agency warned.

“There’s a need for concerted effort by all stakeholders, not only in Africa, but everywhere else,” Dr. Dimie Ogoina, a Nigerian scientist and chair of the W.H.O.’s mpox emergency committee, said on Wednesday.

Congo alone has reported 15,600 mpox cases and 537 deaths, most of them among children under 15, indicating that the nature of the disease and its mode of spread may have changed.

Here’s what to know.

Is this the virus we saw in 2022?

This is a different version of the mpox virus.

Mpox is a close relative of the smallpox virus. There are two main types: Clade I, the version that is dominant in Congo, and Clade II, a form of which caused the 2022 global outbreak. (A clade is a genetically and clinically distinct group of viruses.)

Clade I mpox is generally thought to cause more severe illness and to have a much higher mortality rate, which is one reason the W.H.O. is sounding the alarm now. Officials hope to contain this outbreak before it spreads to other continents.

The infection may resemble an ordinary respiratory illness at first but later blooms into a raised rash in the mouth, hands, feet or genitals. The virus spreads mainly through close contact — directly with the skin or fluids of an infected person, or with contaminated bed linens and other items.

Scientists learned during the 2022 outbreak that mpox can spread even in the absence of symptoms. And the rash may be mistaken for other diseases such as measles or chickenpox, particularly in young children.

Who is getting infected this time?

In the 2022 outbreak, mpox spread globally mainly among gay and bisexual men. Behavioral changes in that community helped to contain the virus, and vaccination at the time, or now, will help protect them.

Until recently, most cases in Congo resulted from consumption of contaminated meat or close contact with infected animals and people. But last year, scientists discovered a new subtype of mpox, Clade Ib, which appears to spread from person to person primarily through heterosexual transmission .

Most cases have been observed in prostitutes, truckers and other transient workers.

“Sex is probably the primary driver, and then the secondary driver is close contact and households,” said Dr. Jay Varma, the chief medical officer at SIGA Technologies, which manufactures tecovirimat, a drug used to treat mpox infection.

As with many other infections, most people with healthy immune systems are unlikely to become severely ill with mpox. Those who have weakened immune systems, including those living with H.I.V., are at highest risk of severe illness and death .

Older adults, who are typically more susceptible to infections, may be at least somewhat protected by their childhood vaccinations for smallpox, which ended in the United States in 1972.

Most of the deaths in Congo have been in children under 15, perhaps because their health may already be compromised by poor medical care, malnutrition and the many other pathogens they face.

Has the outbreak spread to the United States or Europe?

Many countries worldwide, including the United States, have continued to see patients with Clade IIb mpox, the version that caused the 2022 outbreak.

So far this year, there have been about 740 cases of mpox in the United States, more than double the number at this time last year, according to the Centers for Disease Control and Prevention.

Just one case of the more severe Clade I infection has been reported in Europe — in Sweden, in a person who had traveled to Africa. Other so-called “imported” cases seem likely. But experts tend to worry more about community transmission.

“I don’t think the risk right now for Americans is high at all, but what this is telling us is that we have to be vigilant,” said Dr. Trish Perl, an infectious disease physician at UT Southwestern Medical Center.

But previous epidemics, including of mpox, illustrate that an uncontrolled outbreak anywhere in the world may eventually turn up everywhere, Dr. Varma said. Since December, the C.D.C. has twice warned clinicians and the general public to remain alert for signs of mpox.

“I really think it’s only a matter of time before North America, Europe, etc., start to see cases,” he said, referring to the deadlier viral subtype. “Unless we invest in disease control everywhere, we’re going to remain always at risk.”

Will the vaccine still protect against mpox?

Two doses of the mpox vaccine Jynneos should protect against all versions of the virus, experts said.

Jynneos, made by Bavarian Nordic, was used in 2022 in the United States and Europe. The vaccine, initially developed against smallpox, should protect against mpox and all other members of that virus family, said Dr. Boghuma Titanji, an infectious diseases physician at Emory University in Atlanta.

Several studies have shown that antibodies prompted by the Jynneos vaccine wane and may be undetectable within a year. But other research has found that two doses effectively prevent severe illness , Dr. Titanji said.

In the United States, however, fewer than one in four people for whom vaccination was recommended got two doses.

“People were less interested in coming back and getting that second dose, or even starting the course of their vaccination,” Dr. Titanji said. “Maybe we will see an increase in uptick in vaccination, and this will serve as a reminder for people to come in and get vaccinated.”

In 2022, the federal government provided the shots at no cost. Jynneos is now commercially available, and some insurance companies may cover the cost.

For some patients, the shots may prove too expensive , Dr. Perl said. If mpox cases were to escalate, the U.S. government may again make the shots available free of charge, according to a federal official with knowledge of the situation.

Is the U.S. prepared for another bout with mpox?

Yes and no.

Scientists learned a lot about the virus in 2022 and have identified vaccines and treatments. But they do not fully understand how the deadlier virus is spreading in Africa, especially among children, or who is most at risk.

“This is very, very crucial when you think about designing a response strategy,” Dr. Titanji said.

There are few resources allocated to fighting sexually transmitted infections in the United States, said David Harvey, the executive director of the National Coalition of STD Directors.

Officials have not solved the problems that hobbled the response in 2022, including poor uptake of the vaccine and “a shockingly underfunded S.T.I. public health system,” Mr. Harvey said.

“Today, we worry about an mpox outbreak,” he added. “We’re already dealing with syphilis, and tomorrow there will be another outbreak of an S.T.I.”

Apoorva Mandavilli is a reporter focused on science and global health. She was a part of the team that won the 2021 Pulitzer Prize for Public Service for coverage of the pandemic. More about Apoorva Mandavilli

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Gold Fields to buy Canadian miner Osisko in $1.57 billion cash deal

• Medium Text

• Gold Fields says cash offer to Osisko helped to secure deal
• Miner may consider selling some smaller, less profitable assets

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Reporting by Felix Njini in Johannesburg, Abinaya Vijayaraghavan in Bengaluru; Editing by Mrigank Dhaniwala, Tom Hogue, Kirsten Donovan and Tomasz Janowski

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TSX posts biggest weekly gain in 10 months as gold hits record high

Canada's main stock index ended higher on Friday as investors globally cheered recent signs of U.S. economic resilience and record high gold prices boosted metal mining shares, with the index notching its biggest weekly advance of the year.

South Africa’s Gold Fields to buy Canada’s Osisko Mining in $2.16-billion deal

Gold Fields Ltd. is offering a sizable premium to buy Osisko Mining Inc. for $2.16-billion after the South African miner failed a few years ago to buy an even bigger Canadian gold company.

Johannesburg-based Gold Fields on Monday said it has reached a friendly agreement to acquire Toronto-based Osisko in an all-cash transaction. The offer of $4.90 a share is 66-per-cent higher than Osisko’s closing price on Friday.

The deal helps diversify Gold Fields away from some of the riskier jurisdictions in which it operates, such as South Africa, and alleviates some of the concerns that its portfolio did not have enough long life mining assets.

The South African gold major had already taken a 50-per-cent stake in Osisko’s Quebec-based Windfall gold project in 2023.

Gold Fields in 2022 attempted to acquire Toronto-based Yamana Gold Inc. for US$6.7-billion but it was outfoxed by Agnico Eagle Mines Ltd. and Pan American Silver Corp., which collectively outbid it. The failure of the Yamana deal led to Gold Fields then-chief executive Chris Griffith stepping down. That deal was an all-stock transaction and its value quickly plummeted owing to pressure on Gold Fields’ share price.

This time around Gold Fields is offering cash only, which removes the risk of the deal value falling over time.

Mike Fraser, chief executive of Gold Fields, in a conference call with analysts on Monday said that the all-cash offer also gave the company an edge against other unnamed bidders for Osisko.

“It enabled us to move pretty quickly on executing this transaction, which really put us in a more competitive position relative to the other actors that were competing in this process,” he said.

The Osisko takeover is one of the biggest in years for a junior Canadian mining exploration company that is not yet in production. Kinross Gold Corp. in 2021 bought Great Bear Resources Ltd., whose main project is in Ontario’s Red Lake district for $1.8-billion.

Mr. Fraser defended the payment of the lofty premium, pointing out its initial investment in the company was done at a much lower valuation.

“Even on a standalone basis, we saw value,” he said. “But it becomes even more attractive when you look at it on a blended acquisition cost on our low entry into the initial project. And the strategic value of getting 100 per cent of this asset with 100 per cent of the development potential is significant.”

Osisko has referred to Windfall as the highest-grade gold discovery ever found in Quebec. According to a 2022 feasibility study, the underground mine should produce an average of about 300,000 ounces of gold annually over 10 years.

Mark Bristow, chief executive of Barrick Gold Corp., said in an interview his company checked out the Windfall project before Gold Fields made its initial investment. But ultimately, he wasn’t interested because the 50 per cent of Windfall that was for sale at the time wasn’t big enough to move the needle for Barrick. In addition, the prospect of being a non-operating JV partner did not appeal.

“We’re not in this business to be passive investors,” he said.

The Gold Fields and Osisko transaction is expected to close in the fourth quarter, and it requires at least two-thirds of votes cast by Osisko shareholders to be in favour.

Kerry Smith, analyst with Haywood Securities Inc., in a note to clients said there is little chance of a competing bid materializing for Osisko.

Since gold isn’t a critical mineral, the transaction isn’t expected to raise major national security concerns from Ottawa.

About $1-billion has already been spent on developing the Windfall project, and according to a 2022 feasibility study conduced by Osisko, another $1.1-billion is needed to put it into production. Construction of the site is expected to take 18 months and production is expected to start at the end of 2026 or beginning of 2027.

Mr. Fraser said that Gold Fields has done its own diligence of Windfall and isn’t relying entirely on Osisko’s engineering work. Costs will likely be higher than originally predicted owing to inflation since 2022 but the higher gold price would likely offset that, he suggested.

Gold has surged in 2024 to new record heights on several occasions and is being fuelled in part by expectations that the U.S. Federal Reserve is poised to cut interest rates. Gold yields nothing and tends to perform better in an environment where rates are falling.

Shares in Gold Fields fell by 4.6 per cent on the New York Stock Exchange on Monday to close at US$14.79 apiece.

Osisko shares rose by 63 per cent to close at $4.79 apiece on the Toronto Stock Exchange, settling just 11 cents below the offer price.

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Huge counterfeit goods bust in downtown Joburg

Police seized goods valued at r37m in a raid by a multidisciplinary force..

The Hawks and other law enforcement agencies have confiscated counterfeit goods valued at R37m in an intelligence-driven operation in the Johannesburg CBD.

Hawks spokesperson WO Wendy Nkabi said an assortment of branded sneakers, shorts, and T-shirts like Timberland, Adidas, Reebok, Lacoste and Nike were confiscated during the raid conducted in Kerk Street.

She said a multidisciplinary team comprising the Hawks, SAPS national counterfeit , contraband and illicit goods policing, border police (ORTIA), Gauteng public order policing and saturation units and Gauteng crime prevention wardens were part of the operation that raided several warehouses where the counterfeit goods were found.

Nkabi said though the goods were confiscated, no arrests were made but said investigations were continuing.

Police seize counterfeit goods worth more than R15m in raid in Joburg CBD

Fake sim card ‘manufacturing lab’ discovered at sandton house, inflatable boats seized at south africa/zimbabwe border.

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