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Dec 01, 2015
Public Enterprises Minister Lynne Brown
Public Enterprises Minister Lynne Brown reported on Tuesday that far-reaching interMinisterial committee (IMC) discussions were advancing on how best to reform South Africa’s State-owned companies (SoCs), many of which were currently underperforming. There are around...
Dec 01, 2015
Despite ongoing economic weakness in South Africa and parts of the European Union (EU), the 2015 trade performance has improved, with South African exports to the EU increasing 9.7% to R163.3-billion for the first nine months, while imports have risen 8.1% to...
Dec 01, 2015
Sasol Inzalo chairperson Khungeka Njobe
Following hot on the heels of the listing of MTN Zakhele earlier this month, petrochemicals company Sasol’s broad-based black economic-empowerment (BBBEE) fund Sasol Inzalo Public, followed suit on Tuesday – the second company to list on the Empowerment Segment of...
Dec 01, 2015
The Barclays Purchasing Managers’ Index (PMI) has dropped to its lowest level since 2009, with all major subcomponents below the neutral 50-point mark during November. The seasonally adjusted PMI plunged from 48.1 index points in October to 43.3 in November.
Dec 01, 2015
Corruption Watch executive director David Lewis
The latest Transparency International report paints a bleak picture on corruption in Africa, with more than half of those surveyed perceiving corruption to be on the rise – and South Africa emerging as one of the worst performers. The African edition of the Global...
Dec 01, 2015
Ekapa Minerals MD Jahn Hohne
The established Kimberley-based surface diamond mining company Ekapa is acquiring control of the Kimberley Mines from De Beers at a time of sky-high diamond prices in local currency terms. Already enjoying a healthy margin of profit in mining Kimberley tailings for...
Dec 01, 2015
The Nuclear Industry Association of South Africa (Niasa) is not sitting by idly while National Treasury and the Department of Energy mull over the various options for the country’s controversial 9 600 MW nuclear build programme. While Energy Minister Tina...
Dec 01, 2015
While a resurgence in manufacturing in Africa has been popularly touted as the silver bullet that will accelerate the continent’s economic growth prospects, The Economist management editor and columnist Adrian Wooldridge has suggested that Africa’s industrial...
Dec 01, 2015
Pakistan approached the World Trade Organisation (WTO) in November for dispute settlement consultations with South Africa regarding the imposition of provisional antidumping duties on portland cement. The action was precipitated by what Pakistan considered to be...
Dec 01, 2015
Construction company Murray & Roberts (M&R) on Tuesday said board members Mahlape Sello and Royden Vice would be excluded from any discussion and documents relating to the investigation of the October collapse of a support structure of a pedestrian bridge being built...
Dec 01, 2015
Power utility Eskom has expressed concern over reports about the possible closure of Arnot coal mine and the job losses that would inevitably follow such a move, as well as anger with what it termed the leaking of confidential information. "Eskom is deeply concerned...
Dec 01, 2015
Glencore's struggling South African unit, Optimum, which is currently embroiled in a dispute over the price of coal with power utility Eskom could be sold off, a firm appointed to rescue the troubled business said on Tuesday. "There was buying interest that is not a...
Dec 01, 2015
JSE-listed Novus Holdings, formerly Paarl Media Group, has installed a biomass steam plant to power its Paarl Media Cape gravure printing presses. The plant was built and managed by renewable-energy company Sustainable Heating.
Dec 01, 2015
French President Francois Hollande
France will commit €2-billion towards boosting renewable energy in Africa before 2020, President Francois Hollande said on Tuesday. Hollande made the announcement after meeting with the heads of state from 12 African countries gathered at an international climate...
Dec 01, 2015
A Paramount Mbombe 6 armoured infantry vehicle undergoing winter trials in Kazakhstan
South African private-sector defence group Paramount announced on Tuesday that it had started production at its new armoured vehicle plant in the Central Asian country of Kazakhstan. The start of production was marked by a visit to the plant by Kazakh President...
Dec 01, 2015
Datatec CEO Jens Montanana
JSE-listed Datatec’s Logicalis subsidiary has acquired Australia-based information and communications technology (ICT) services and solutions provider Thomas Duryea for an undisclosed amount. The group believed the acquisition, to be settled in cash, would enhance...
Dec 01, 2015
JSE-listed Famous Brands CEO Kevin Hedderwick will resign on February 29, following 16 years with the branded food service franchiser, with Food Services CEO Darren Hele appointed to take the helm of the company. The company explained on Tuesday that Hedderwick’s...
Dec 01, 2015
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