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Coca-Cola Beverages Africa appoints new group chief executive

3rd December 2018 Coca-Cola Beverages Africa (CCBA) on Monday announced the appointment of Jacques Vermeulen as its new group chief executive, with effect from December 1. The company said Vermeulen has served as managing director of CCBA’s International Division, which covers all of CCBA’s Africa operations... 

Mantashe calls on Sibanye to resolve ongoing workers' strike

30th November 2018 South African Minister of Mineral Resources Gwede Mantashe on Friday urged Sibanye-Stillwater to urgently resolve the workers' strike currently underway at three of the company's gold operations. This, as Mantashe met with Sibanye's executives on Friday morning to receive a briefing on the strike... 

Timetable laid out for further submissions in Zuma, Thales corruption case

30th November 2018 The Pietermaritzburg High Court on Thursday granted an order setting out the timetable for the prosecution of former president Jacob Zuma and French arms manufacturer Thales. However, Zuma’s legal team continued to claim that their client was not being treated fairly by the “dismissive” National... 

Afreximbank ropes in Russian companies to invest in railway projects in Africa

30th November 2018 The African Export-Import Bank (Afreximbank) said on Friday it had signed a memorandum of understanding with Russian Railways and the Russian Export Center (REC) to cooperate in implementing export and investment projects in the railway sector in Africa. Under the terms of the MoU, the parties... 

S&P maintains Eskom's CCC+ credit rating

30th November 2018 Standard & Poor’s on Thursday maintained Eskom's foreign and local currency long-term credit ratings at CCC+, below sub-investment status. The rating agency also affirmed Eskom’s ‘zaB’ and ‘zaB’ long and short-term national scale ratings. 

'Gigaba lied to Parliament over SAA financials', commission hears

30th November 2018 While director-general at the department of public enterprises, former Eskom CEO Tshediso Matona, tried to persuade South African Airways to support the now defunct The New Age (TNA) newspaper after the national carrier's bid adjudication committee turned it down, former SAA board chairperson... 

City of Johannesburg works with private firm to develop affordable housing in Bramley

30th November 2018 The city of Johannesburg said on Friday the first phase of a development in Bramley in which its planning department had an imput was now complete. It said mayor Herman Mashaba would on Monday join Africrest Properties in opening the Village and Spark School Development in the suburb. 

Western Cape govt partners with Liquid Telecom to expand WiFi access across province

30th November 2018 Western Cape Premier Helen Zille will oversee the signing of a deal with Liquid Telecom for a partnership on an expanded public WiFi network, the provincial government said. The expanded service will see a total of 1 600 public WiFi hotspot sites operate across the province with an increased data... 

Africa trade facilitation challenges need to be addressed, says Unctad

29th November 2018 The United Nations Conference on Trade and Development (Unctad) warns that market access gains made by Africa in the past two decades can be eroded unless the challenges of trade facilitation are addressed. Better transport, logistics and foreign investment are essential to smooth the way for the... 

Tharisa FY18 headline earnings, operating profit fall

28th November 2018 Integrated resource group Tharisa on Wednesday reported a 13.6% decline in headline earnings per share to $0.19 in the year to September 30, while operating profit fell 26.3% to $72.5-million. Revenue was up 16.3% to $406.3-million and the company declared a final dividend to shareholders of... 

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