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May 28, 2015
Article contains comments
PetroSA CEO Nosizwe Nokwe-Macamo
   
Updated 3 hours ago State-owned oil company PetroSA has placed its top three executives‚ including the CEO‚ on gardening leave due to poor performance‚ Business Day reported. The three – CEO Nosizwe Nokwe-Macamo‚ CFO Lindiwe Mthimunye-Bakoro and acting VP of upstream operations Andrew...
 
May 28, 2015
Zwelinzema Vavi
Updated 2 hours 3 minutes ago The figures released by Statistics SA reveal a horror story of unbelievably bad news for workers and the South African economy, said Zwelinzema Vavi on Wednesday. “Now more than ever we need to declare that we have a national emergency. No country can survive such...
May 28, 2015
President Jacob Zuma with FIFA president Sepp Blatter
Updated 27 minutes ago Allegations that South Africa promised a $10-million bribe to a former FIFA vice president to win its 2010 World Cup bid were unfounded, a South African Football Association (SAFA) spokesperson said on Wednesday. “We are disappointed at the allegations ... they are...
May 27, 2015
IMD World Competitiveness Center director Arturo Bris
South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure shortfalls, high youth unemployment, as well as inadequate education and technical skills availability as key challenges to the...
May 27, 2015
Article contains comments
May 27, 2015
Police Minister Nathi Nhleko said on Wednesday night that reasons “beyond his control” led to him cancelling a news conference where he would have made public his long-awaited Nkandla report. According to Nhleko's spokesperson Musa Zondi the need to follow...
May 28, 2015
Updated 3 hours ago Johannesburg and Cape Town are showing improvement in the spheres of political engagement and human capital respectively, according to a global report. Partner at AT Kearney Johannesburg, Wim Plaizier, told Fin24 that the growth of political engagement in...
May 27, 2015
JSE-listed Growthpoint Properties’ Kirstenhof Office Park, in Johannesburg, has become the hundredth building in South Africa to achieve a Green Star SA certification from the Green Building Council of South Africa (GBCSA), securing a 5-Star Green Star: Existing...
May 28, 2015
Updated 1 hour 38 minutes ago Kenya has given loss-making national carrier Kenya Airways a 4.2-billion shilling ($43-million) loan to help turn the business around, the head of Parliament's Budget Committee said. The airline was "facing challenges" from a drop in revenue related to the Ebola...
 
May 28, 2015
Updated 1 hour 26 minutes ago Senegal power utility Senelec on Wednesday signed a preliminary agreement with Qatar's Nebras Power and Japanese firm Mitsui & Co Ltd to build a floating liquefied natural gas (LNG) regasification terminal and a 400 MW power station. Senegal, which generates much of...
May 28, 2015
Updated 1 hour 33 minutes ago Tanzania said on Thursday it had signed a $70.5-million loan with the African Development Bank (AfDB) to finance reforms in the east African nation’s energy sector. AfDB is among a group of donors that withheld nearly $500-million in budget support to Tanzania last...
May 28, 2015
Updated 1 hour 29 minutes ago Tanzania plans to spend 4.394-trillion shillings ($2-billion) to build new roads and a bus rapid transit system to unclog traffic in its commercial capital, Dar es Salaam, a senior official said on Wednesday. Dar es Salaam, with a population of over four-million, is...
May 27, 2015
JSE-listed Dipula Income Fund reported that its distributable earnings grew 33.2% in the six months ended February 28, translating into a combined growth of 6.8% in distributions for both A- and B-linked units. The distribution attributable to the A-linked units was...
May 27, 2015
NASREC MEMORIAL PARK
JSE-listed residential property developer Calgro M3 Holdings’ subsidiary, Calgro M3 Memorial Parks has diversified its portfolio by officially launching its first memorial park, in Nasrec, near Soweto. This is the first development of its kind by Calgro M3 in what it...
May 27, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium on Wednesday announced that a dispute with financial services provider Sasfin Bank had been resolved. On Monday, Evraz Highveld said it had launched an urgent High Court...
May 27, 2015
National carrier South African Airways (SAA) proposes to introduce another West Africa–US link as an air route between Accra, in Ghana, and Washington, in the US, from August. The development formed part of the State-owned airliner’s long-term turnaround strategy.
May 27, 2015
Article contains comments
Agriprofessionals play a vital role in ensuring that the produce on shop shelves and delivered to outlets across the world, is of a high standard, helping to grow the agriculture sector and build a sustainable economic future, says Western Cape Minister of Economic...
 
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