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S African mining industry future looks scary – Baleni

26th November 2015 The future looks scary in the mining industry, former National Union of Mineworkers (NUM) general secretary Frans Baleni said on Thursday. “The mining industry is in ICU [Intensive Care Unit], commodity (prices) are low. It will takes three to five years to recover. The future looks scary,” he said. 

Quantum Foods boosts profits, pays maiden dividend

26th November 2015 In a rare piece of good news from the drought-hit agricultural sector, Quantum Foods on Thursday recorded headline earnings for the year to September of R126-million, up from R26 million in the previous corresponding period, and declared a maiden dividend. The diversified feeds and poultry... 

Suburban creep drives Balwin growth

25th November 2015 Balwin Properties on Wednesday reported a 100% increase in headline earnings per share to 58 cents as demand for secure, affordable homes in “good” neighbourhoods continued to outpace supply in the six months to the end of August. The national specialist residential property builder and developer... 

Concessions made to visa regulations to be implemented – Gigaba

25th November 2015 The Department of Home Affairs will implement concessions that have been made to the controversial visa regulations within three months, the department said on Wednesday. Home Affairs Minister Malusi Gigaba said during a discussion on visa regulations that his department has “taken note of recent... 

Botswana set to draw water from Lesotho Highlands Project

25th November 2015 Arid Botswana has finalised a deal with South Africa and Lesotho to tap some of the water from the Lesotho Highlands Water Project. Botswana’s Minister of Mineral, Energy and Water Resources Minister, Onkodame Kitso Mokaila confirmed this at a conference in Gaborone on the diamond industry. 

Comments open for draft AgriBEE Sector Code

23rd November 2015 Members of the public and interested parties have until January 20 next year to comment on the draft AgriBEE Sector Code, the trade and industry department (dti) said on Sunday. Trade and Industry Minister Rob Davies gazetted the draft code in terms of section 9(5) of the Broad-Based Black... 

MTN’s pleas to ease $5.2bn Nigerian fine fall on deaf ears again

20th November 2015 Mobile phone operator MTN’s pleas for leniency following a $5.2-billion fine for failing to disconnect 5.1-million unregistered Nigerian users has suffered another setback after the Nigerian Governors’ Forum (NGF) insisted the company pay the penalty. The governors’ body argued that the Nigeria... 

Mining industry may see M&A rush on weak share prices – McKinsey

20th November 2015 The fall in the share prices of mining companies could offer potentially valuable merger and acquisition opportunities for those in the industry who want to expand, global consulting group McKinsey & Company said on Friday, adding that recent M&A activity indicated some of those in the business... 

S African govt allocates another R96.6m to drought relief efforts

19th November 2015 Government would set aside another R96.6-million to help with drought relief efforts across the country, minister in the presidency Jeff Radebe said on Thursday. “This [relief efforts] includes the purchase of 45 water tankers for distribution of water to affected areas, borehole drilling and... 

City of Cape Town to extend MyCiti bus route in Mitchells Plain

19th November 2015 The City of Cape Town is set to extend the footprint of its MyCity bus service in Mitchells Plain. The City will on Saturday launch an additional MyCiTi route in Mitchells Plain which will form part of the very popular N2 Express service which currently operates between Mitchells Plain and the... 

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