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Aug 05, 2015
Economic Development Minister Ebrahim Patel
   
Updated 2 hours 13 minutes ago South Africa's mining sector is in "trouble" as it struggles with widespread job losses and lower commodity prices, Minister of Economic Development Ebrahim Patel said on Wednesday. President Jacob Zuma's government was due to hold an urgent meeting with mining...
 
Aug 05, 2015
Aug 05, 2015
Updated 4 minutes ago The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) rose by 3.3 index points to 87.9 in July. This followed a 2.3 index point drop in June and placed the BCI at a similar level to what it was in July 2014.
Aug 05, 2015
Updated 1 hour 34 minutes ago South Africa's rand touched a fresh 14-year low against the dollar on Wednesday amid concerns about the ailing local economy and after a US Federal Reserve official backed a US rate hike next month. Investors are worried that growth in Africa's most advanced economy...
Aug 05, 2015
Updated 4 hours ago South Africa has been shortlisted by The European Outsourcing Association (EOA) for the 2015 Offshoring Destination of the Year award, competing against Bulgaria and Latvia. Now in its sixth year, the EOA Awards recognised and celebrated the efforts of companies that...
Aug 05, 2015
Updated 1 hour 24 minutes ago Forget Milwaukee and Brooklyn – Lagos and Dar es Salaam are the new brewery hot spots, according to U.S. mutual fund managers as they tap Africa's emerging beer companies in pursuit of long-term returns on investment. U.S. fund managers who originally entered the...
Aug 05, 2015
President Barack Obama
Updated 3 hours ago President Barack Obama launched the first-ever climate rules for US power plants Monday, calling for sweeping reductions in carbon emissions and provoking protests from the mining industry and Congress. The new rules dictate an overall reduction in heat-trapping...
Aug 05, 2015
Updated 1 hour 59 minutes ago Libya's biggest steel firm, Lisco, has shut production for at least a month due to power shortages, its chairman said on Tuesday, closing down the country's biggest industrial company outside the energy sector. Libya has been hit hard by power outages as fighting...
Aug 05, 2015
Updated 7 hours ago This eight-page brief is a synopsis of key developments in the construction industry over the past 12 months. It provides an overview of South Africa’s construction sector and includes details thereof in the public and private sectors, as well as labour and skills...
 
Aug 04, 2015
Article contains comments
Trade and Industry Minister Dr Rob Davies
South Africa planned to offer five reasons as to why it should retain its status as an African Growth and Opportunity Act (Agoa) beneficiary during public hearings scheduled for Friday in Washington DC. The US House of Representatives passed a ten-year extension to...
Aug 04, 2015
The Competition Commission on Tuesday approved telecommunications giant Telkom’s buy-out of Business Connexion (BCX) with conditions. The conditions included a price freeze on affected products in the upstream by Telkom, a limit on the number of job losses arising...
Aug 04, 2015
Vacationing was the main reason for tourists to visit South Africa in 2014, with a significant majority of 95.7% of tourists on holiday, while business travel and students made up less than 4% of tourists.
Aug 04, 2015
Kenya Airways, which reported a record loss in its year ended March, may require a $500-million to $600-million bailout, the Kenyan finance minister said on Tuesday. Profit at the carrier, which is part-owned by AirFrance-KLM, lost 29.71-billion shillings...
Aug 04, 2015
The City of Cape Town on Tuesday announced it was moving ahead with its plans to sell up land, making space for an industrial park in Khayelitsha, but were not yet able to give a date for the bidding process to begin. “There are many Council processes which would...
Aug 04, 2015
Article contains comments
Clinton Ephron
Financially stricken Optimum Coal has been hit by a double whammy – huge potential penalty claims from State electricity utility Eskom plus a suspension of its mining licence by the Department of Mineral Resources (DMR) for alleged inhumane retrenchment. In the face...
Aug 04, 2015
Construction on the R1-billion, 50 000 m2 Thavhani Mall, in Thohoyandou, Limpopo, has gotten under way. The mall would be the anchor and catalyst development within a new, bigger commercial development node on a 27 ha site in the Thulamela municipality, dubbed...
Aug 04, 2015
Dangote, Nigeria's largest cement maker, plans to double investment in Zambia to around $900-million by building a second cement plant, the company's vice-president said on Tuesday. Dangote has already built one cement plant at a cost of $450-million in Masaiti, some...
 
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