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Creamer Media Reporter

Ellies calls off Cat acquisition

3rd February 2009 Electronic equipment manufacturer Ellies has informed shareholders that the period for fulfillment of the acquisition conditions for electronic security company Consolidated Associated Technology (Cat) had expired, and that both parties had agreed not to pursue the acquisition. In November,... 

F&S sees room for solar energy growth in SA

3rd February 2009 The recently -announced R60-million support for renewable energy from the Danish government should open up investment opportunities in South Africa’s solar energy market. The consultancy noted that while the potential for solar in Africa was quite significant, the uptake of technologies had... 

SA mining task team warns against short notice retrenchments

3rd February 2009 South Africa’s Department of Minerals and Energy (DME), under the auspices of the government-initiated task team, has urged mining companies to refrain from dismissing contract workers with only a 24-hour notice period. "We are gravely concerned about the 24-hour notices that are currently being... 

Dimension Data expands Microsoft infrastructure footprint

3rd February 2009 Information Technology (IT) solutions and services company Dimension Data on Tuesday announced its acquisition of UK Microsoft infrastructure and licensing services company, Teksys, for an undisclosed amount. Effective as of February 1, the value of the gross assets as at the transaction date... 

Gemfields scales down at Zambian emerald mine

3rd February 2009 London-listed Gemfields on Tuesday announced a reduction in the scale of activity at its key production asset, the Kagem emerald mine in Zambia, and that it would post a loss in the 2009 financial year. The company, part of Brian Gilbertson’s Pallinghurst Resources, also announced that it would... 

SACMH appoints Scrutton as new CEO

2nd February 2009 JSE-listed South African Coal Mining Holdings (SACMH) has appointed Grant Scrutton as CEO, with immediate effect, the company announced on Monday. Scrutton would take over the position from Karl Gribnitz, who resigned after his term of office was completed. Gribnitz would remain on the board as... 

BCX headline EPS to drop 30%-40%

2nd February 2009 Information and communication technology group Business Connexion (BCX) on Monday said it expected interim earnings a share to be up to 10% higher than the corresponding period last year, while it expected headline earnings a share to be between 30% and 40% lower than the prior period. This... 

Credit Guarantee warns exporters

2nd February 2009 South African underwriting company Credit Guarantee Insurance Corporation on Monday warned that a “disturbing trend” was emerging, which saw foreign banks either limiting or withdrawing completely the advances, overdraft facilities, and credit lines to many companies. GM for exports Ismail... 

ABB wins $53m contract to strengthen Eskom transmission network

2nd February 2009 Power and automation technology group ABB has been awarded a $53-million contract from State-owned power utility Eskom to strengthen the transmission network in the Western Cape. ABB will design, manufacture, install, and commission six 765 kV capacitor banks at Alpha, Beta, Mercury, and Perseus... 

Parsons appointed as Busa deputy CEO

2nd February 2009 The Business Unit of South Africa (Busa) has appointed Professor Raymond Parsons as deputy CEO, effective from February 1, succeeding Vic van Vuuren. Parsons is currently acting as the overall business convener at the National Economic Development and Labour Council, as well as lecturing at the... 


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