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Investors dump Datatec on profit warning

30th September 2015 The share price of Sandton headquartered technology company Datatec slid more than 17% in trade on Wednesday following a profit warning. According to INET BFA data, Datatec’s share price on the Johannesburg Stock Exchange (JSE) fell from an opening of R73.43 to R60.51 by 13:15. 

Lafarge Zim struggles amid increasing rivalry

30th September 2015 Lack of major national projects and large commercial infrastructure projects saw Lafarge Cement Zimbabwe Limited report reduced revenues for the half year ended 30 June 2015. Lafarge, whose biggest competitor is JSE listed Pretoria Portland Cement, reported a 9.71% decline in revenue to... 

Cable theft leaves Shosholoza high and dry in the Karoo

30th September 2015 Cable theft has reached such high levels that the crime has now prevented a major train network from working efficiently. The Shosholoza Meyl was brought to a halt on Monday after an overhead cable was stolen, the Passenger Rail Agency of South Africa (PRASA) spokesperson Lesedi Mapheto has said. 

Court rules against Sanral on Cape tolls

30th September 2015 Sanral's decision to toll highways in the Western Cape has been set aside. The Western Cape High Court ruled in the City of Cape Town's favour on Wednesday when judgment was delivered in the City’s battle against Sanral's decision to toll highways in the province. 

US Hitachi net may spread to Eskom

30th September 2015 Startling revelations following investigations by the US Securities and Exchange Commission have lifted the veil of secrecy in the relationship between ANC funding front Chancellor House and Hitachi Power Africa. The case has also raised questions about possible manipulation of major contracts at... 

Motorists furious about Sandton carmageddon dry run

29th September 2015 Motorists heading into the Sandton CBD on Tuesday morning expressed their anger on social media about road closures and backed-up traffic during a dry run for the looming EcoMobility World Festival. To make things worse, the afternoon peak was expected to see another dry run take place for the... 

R10.8bn flows out of SA illegally

29th September 2015 A total of R10.8-billion was illegally transferred out of South Africa during the past year, according to national police commissioner general Riah Phiyega. She and Police Minister Nathi Nhleko released South Africa's crime statistics for the past year on Tuesday.   

China leads tourism slump to SA

28th September 2015 A comparison between June 2014 and June 2015 shows that, with the exception of France, the number of tourists decreased for all the other nine leading overseas countries, according to data released by Statistics SA on Monday.  China had the largest decrease of 28.4% - from 5 823 tourists in June... 

R700m buy could be behind Denel suspensions

28th September 2015 Serious cash flow problems after the recent acquisition of the local vehicle manufacturing component of BAE Systems Land Systems for more than R700-million are rumoured to be a possible reason for the suspension of three top managers at SA weapons manufacturer Denel, Netwerk24 reported on Monday.... 

Bodies of 5 illegal miners found in Springs

28th September 2015 The bodies of five men believed to be illegal miners were found at the Grootvlei mine in Springs on Monday morning, Ekurhuleni metro police said. They appear to have been shot somewhere else and then brought to the side of a path, where a woman on her way to work found them shortly after 06:00,... 

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