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Feb 12, 2016
   
Updated 2 hours 51 minutes ago Steel producer ArcelorMittal South Africa (AMSA) has made a R2.5-billion proposal to the Competition Commission to settle all outstanding matters against the company – if approved, it would be the largest competition-related fine ever paid by a single South African...
 
Feb 12, 2016
AMSA's Saldanha Works
Updated 1 hour 56 minutes ago ArcelorMittal South Africa is looking for an independent power producer to build an 800 megawatt gas-fired power station on land at its Saldanha steel works to help ensure its survival, CE Paul O'Flaherty said. ArcelorMittal, which is reviewing its Saldanha operation...
Feb 12, 2016
President Jacob Zuma has announced that R7-billion has been committed to new port facilities. Delivering his State of the Nation Address in Parliament on Thursday night, Zuma said government was concerned that South Africa did not own vessels while the country was...
Feb 12, 2016
Updated 2 hours 52 minutes ago The Western Cape Department of Transport and Public Works has started work on Phase 1 of a R487-million upgrade to the N1 freeway around Cape Town. The main contractor is Martin & East.
Feb 12, 2016
Former Cosatu general secretary Zwelinzima Vavi
Updated 4 hours ago President Jacob Zuma’s State of the Nation Address (Sona) showed a breakdown of trust between government and the population of South Africa, according to former Congress of South Africa Trade Union (Cosatu) general secretary Zwelinzima Vavi “Yesterday’s Sona address...
Feb 12, 2016
Updated 1 hour 53 minutes ago Government says it hasn’t yet selected the “lead agent” for its R740-million municipal broadband project, despite indications that Telkom could win the deal. At the 2015 State of the Nation Address (Sona), President Jacob Zuma said government had “decided to...
Feb 12, 2016
Atterbury Property Developments director Coenie Bezuidenhout
Updated 6 hours ago Atterbury Property Developments is developing a R850-million, 103 000 m2 industrial and business park at the intersection of the N3 highway and Rand Airport road, next to the Elandsfontein interchange. Atterbury designed the park on a site it acquired in Gosforth...
Feb 12, 2016
Updated 1 hour 17 minutes ago The Competition Tribunal on Friday gave a conditional go-ahead for mobile operators Cell C, MTN and Vodacom to buy out their respective subscriber bases, as South Africa’s last independent service provider Altech Autopage calls it a day. The Allied Electronics...
Feb 12, 2016
Demand for shipping containers as an alternative building material has increased across South Africa and the continent, with many companies discovering both uses and a wide variety of creative and socially uplifting applications for them, from student accommodation...
 
Feb 12, 2016
Updated 6 hours ago JSE-listed Pioneer Foods expects a muted first half, largely owing to an exceptional performance in the first half of the prior year, where adjusted headline earnings a share for continuing operations grew by 39%. The company was currently dealing with a weak rand...
Feb 12, 2016
Updated 1 hour 32 minutes ago The drought in Southern Africa could become one of the worst on record should the current below-normal rainfall continue, the United Nations (UN) World Food Programme said this week. The El Niño conditions presently being experienced in the region had resulted in a...
Feb 12, 2016
An artist’s impression of two black holes that are about to merge
Updated 7 hours ago In a breakthrough which opens a whole new window on the universe, creates a new branch of astronomy, and vindicates the great physicist Albert Einstein once more, scientists at the US-led Laser Interferometry Gravitational-wave Observatory (Ligo) announced on...
Feb 12, 2016
Updated 2 hours 9 minutes ago Consulting company Aurecon has appointed Carlos Seara as its Angola country manager, effective March 1. Seara, who has over two decades of experience in the engineering industry, would succeed Tony Barreto dos Santos who would retire at the end of the year.
Feb 12, 2016
Updated 1 hour 49 minutes ago Kelibone Masiyane has been appointed the new MD of PPC Zimbabwe, succeeding Njombo Lekula, who had recently been redeployed as MD of PPC’s international operations. Masiyane would be supported by new PPC commercial director Iain Sheasby and new PPC GM of finance...
Feb 12, 2016
Updated 2 hours 55 minutes ago Lafarge South Africa confirmed on Friday that some of its National Union of Mineworkers- (NUM-) affiliated employees had embarked on a second day of protest. About 60 employees gathered at the company’s Lichtenburg plant on Thursday night after an agreement could not...
Feb 12, 2016
Jacob Zuma
Updated 6 hours ago President Jacob Zuma has said a greater investment in the country’s infrastructure would assist it during tough economic times. Zuma was speaking at the post State of the Nation discussion at the The New Age Business brief held outside Cape Town.
Feb 12, 2016
Updated 7 hours ago South Africa's rand weakened on Friday after President Jacob Zuma's state-of-the-nation address that analysts and economists said did not deal with concerns raised by rating agencies. By 0645 GMT the rand had slipped 0.7% to 15.9100 per dollar, pushed lower by the...
 
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