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Oct 21, 2014
   
Updated 43 minutes ago South Africa’s national oil company PetroSA produced 14% less refined product in 2013/14 than budgeted, owing to diminishing gas feedstock. The State-owned group also warned that that inadequate feedstock would remain a constraint on its future performance. The...
 
Oct 21, 2014
Small Business Development Minister Lindiwe Zulu
Updated 2 hours 32 minutes ago Ensuring that small, medium-sized and microenterprises (SMMEs) were included in the mainstream economy had to form part of the “radical economic transformation” targeted by the current administration, Small Business Development Minister Lindiwe Zulu said on Tuesday....
Oct 21, 2014
Updated 5 minutes ago Trade and Industry Deputy Minister Mzwandile Masina says the department has so far registered 18 qualifying black industrialists in a range of sectors to grow the South African economy. “We will continue to accept applications from industrialists, as we have set a...
Oct 21, 2014
Updated 6 hours ago Certain regulatory approvals remain outstanding in Telkom’s proposed R2.67-billion takeover of JSE-listed Business Connexion (BCX). BCX noted in a statement to shareholders that the Namibian Competition Commission had given its approval of the deal on October 8 and...
Oct 21, 2014
Updated 34 minutes ago The small business development department stood by the national government's position on e-tolls, while the e-toll advisory panel continued its work, Minister Lindiwe Zulu said on Tuesday. "We've got a national government position on that [e-tolls] but there is a...
Oct 21, 2014
Total CEO Christophe de Margerie
Updated 6 hours ago The CE of French oil major Total, Christophe de Margerie, was killed when a business jet collided with a snow plough during takeoff at Moscow's Vnukovo International Airport, the company and airport officials said. The collision occurred late on Monday, just minutes...
Oct 21, 2014
Updated 4 hours ago JSE-listed materials supplier Afrimat expects to report basic earnings per share (EPS) of between 59c and 64c, when it releases its interim results for the six months ended August 31. This would be between 20% and 30% higher than the EPS of 49.1c recorded in the...
Oct 21, 2014
Updated 4 hours ago JSE-listed Freedom Properties has appointed Jan Francois (Franky) Pretorius as CFO and FD to succeed Richard Eaton, who resigned on October 17. Pretorius is a qualified chartered accountant and completed his articles with KPMG, where he was eventually promoted to...
Oct 21, 2014
Updated 44 minutes ago Internet access in east Africa is still relatively slow and costly but a Djibouti-based technology start-up company has ambitions to help change that. Djibouti Data Center (DDC), set up by a group of local and international investors 18 months ago, is the first data...
 
Oct 21, 2014
Updated 3 hours ago Uganda could rely on income from future oil exports to finance an $8-billion railway if funding talks with China fail to bear fruit, its president said. Yoweri Museveni confirmed that Uganda had started negotiations with China on building the line that would link to...
Oct 20, 2014
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Oct 20, 2014
A former employee of the Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) and his accomplice have each been sentenced to 20 years imprisonment after being found guilty of fraud by the Specialised Commercial Court, in...
Oct 20, 2014
The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday. TPT said the reaching of vessel targets ahead of deadline created...
Oct 20, 2014
Judge Dennis Davis
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted on Monday that recommendations were being considered to “detect and...
Oct 20, 2014
The South African Road Federation (SARF) has expressed concern over the increasing number of road accident-related deaths on South African roads and has appealed for road safety to become an urgent priority, reiterating its commitment to offer its assistance to...
Oct 20, 2014
JSE-listed Metair Investments on Monday assured shareholders that no member of its group had been implicated or listed in connection with the Competition Commission’s investigation into alleged collusion within the South African automotive component industry. The...
Oct 20, 2014
Energy company Shell has handed over rare, high-quality three-dimensional (3D) seismic data, collected off the west coast of South Africa, to the universities of the Western Cape and Cape Town to be used for the advancement of research and skills development relevant...
 
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