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Eastplats confirms probe into Crocodile River Mine deal

11th August 2016 Eastern Platinum on Thursday confirmed that a transaction announced by the company’s former management regarding the sale of the Crocodile River Mine was being investigated. The management team was overthrown in early July by dissident shareholders a day after announcing the transaction. Another... 

South Africa beats Nigeria as Africa’s largest economy

11th August 2016 South Africa is once again the African continent’s top economy, beating close competitor Nigeria. “For the past two years, Nigeria has claimed the top spot, but a re-calculation using current exchange rates has placed South Africa back on top,” reported the BBC. 

Vodacom’s BEE scheme joins JSE empowerment segment

11th August 2016 YeboYethu, Vodacom’s BEE scheme, was on Thursday listed on the empowerment segment of the JSE’s main board. The JSE said in a statement that more than 100 000 people had held a beneficial interest in Vodacom SA through YeboYethu since it was incorporated in 2008. 

South Africa slips down manufacturing competitiveness ranking

10th August 2016 South Africa has dropped down the global ranking of most competitive manufacturing regions, according to data released by Deloitte on Wednesday. While the country is still seen as the most competitive manufacturing country in Africa, it has dropped three places globally since 2013 to come in at... 

Tito Mboweni appointed chair of Tourism Business Council

10th August 2016 The Tourism Business Council of South Africa (TBCSA) has elected former South African Reserve Bank Governor Tito Mboweni as the chairperson of its board of directors. Mboweni will take over the reins from Mavuso Msimang who served two terms on the position. 

Three Eskom senior managers at the Koeberg power station suspended

10th August 2016 Eskom suspended three senior managers at the Koeberg Power Station, the power utility said on Tuesday. “Eskom has placed the Koeberg Power Station Manager and the Plant Manager on precautionary suspension as a result of the distribution of documentation containing unauthorised facts and... 

Global slump in commodity demand weakens asset quality of Botswana banking sector

3rd August 2016 The asset quality of Botswana’s banking sector weakened marginally in 2015 against the backdrop of sluggish global and domestic activity, the Bank of Botswana (B0B) has said. In a press statement released together with the “Banking Supervision Annual Report” for 2015 this week, BoB Governor... 

Partners appointed for first SA waste-to-energy project

2nd August 2016 Black & Veatch announced on Tuesday that it had been chosen by MBHE African Power to provide technical assistance for South Africa’s first waste-to-energy (WTE) plant to be located in the Drakenstein municipality, near Wellington in the Western Cape. A statement from the US-based, employee-owned... 

Petrol strike affects bus routes

2nd August 2016 Metrobus has warned commuters its buses would not operate on all scheduled trips from Tuesday owing to the ongoing strike in the petroleum industry which has resulted in depots running low on fuel. “Our depots are already running low on fuel supplies and as a result, we may be compelled to reduce... 

Grayston Drive pedestrian and cyclist structural bridge inquiry to resume

1st August 2016 The inquiry into the 2015 Grayston Drive Pedestrian and cyclist structural bridge collapse in Johannesburg, which left two people dead and 19 others injured, will resume on Tuesday, the Department of Labour said. “The Department of Labour-appointed-M1/Grayston Drive Pedestrian and cyclist... 

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