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Latest News

Progress being made on ports restructuring – Radebe

     27th November 2003 Steady progress was being made towards the restructuring of South Africa’s ports system, Public Enterprises Minister Jeff Radebe told a joint meeting of the portfolio committee on public enterprises and select committee on labour and public enterprises in parliament yesterday 

State to receive R195m in Telkom dividends

     27th November 2003 The South African government is expecting to receive R195-million in share dividends following the announcement by Telkom that it would be paying a once-off interim dividend of 90c a share on the back of excellent results for the six months to September 2003. 

'Conditions unfavourable for Eskom sale'

     27th November 2003 Public Enterprises Minister Jeff Radebe told a meeting of parliamentarians yesterday that government would be cautious in its approach to selling any stake in electricity utility Eskom, and that prevailing market conditions were unfavourable for a transaction. 

State won't intervene on corporate remunerations

     27th November 2003 Government has no intention to intervene in remuneration levels for corporate managers, dividends paid to shareholders, or wage settlements, President Thabo Mbeki said on Wednesday. 

Cape Town set to buy wind-farm power

By: Jill Stanford     26th November 2003 The City of Cape Town is to become the first city in South Africa to offer green electricity to its customers with its decision to purchase electricity from the Darling wind farm from next year said Minister of Minerals and Energy Phumzile Mlambo-Ngcuka at the World Wind Energy Conference in Cape... 

Steel pricing policies impede job creation – study

By: Terence Creamer     26th November 2003 A study into employment trends in the South African metals and engineering sector has highlighted import parity pricing (IPP) as a key factor impeding job creation and has called for urgent intervention to reduce its impact. 

Cellular revolution in rural Uganda

     26th November 2003 Barring accidents Sophia Nalujja, a mother of seven living in central Uganda's rural Kayunga district, may never want for anything. 

Unions announce North-South Aids solidarity plan

     26th November 2003 The National Union of Mineworkers (NUM) and a Belgian construction workers union, FGTB, have joined hands to form a partnership against HIV/Aids in the construction sector. 

Ekurhuleni turns libraries in business-info nodes

     26th November 2003 The Ekurhuleni Mteropolitan Municipality announced yesterday that it has established a network of information centres in its region. 

$224m for 19 global environment projects

     26th November 2003 The Council of the Global Environment Facility (GEF) approved yesterday $224-million in grants for 19 new projects in developing countries and countries with economies in transition. 

Maputo port awards channel-deepening contract

     26th November 2003 The Maputo Port Development Company (MPDC) has awarded a contract for maintenance dredging of the access channel to the Dredging International Group. 

Another injury on Coega IDZ

     26th November 2003 The Coega Development Corporation announced yesterday that yet another injury has occurred on its premises, with a man having been admitted to a Port Elizabeth hospital with suspected head or neck injuries as a result of an accident at the Neptune Interchange construction site in the Coega... 

Taxi body welcomes new recap dates

     26th November 2003 The South African National Taxi Council (Santaco) says that it welcomes the announcement by Transport Minister, Dullah Omar that the deadline for the taxi recapitalisation programme has been extended to 2008. 

Security to be big IT investment driver

By: laurian clemence     26th November 2003 The security of information and information technology (IT) systems and the resilience of data is emerging as a leading priority for companies across the world and is likely to drive investment trends. 

Agoa III Bills introduced to US lawmakers

     26th November 2003 The third version of the African Growth and Opportunity Act (Agoa III) Trade Bill has been introduced in Congress. 

Volkswagen SA MD heads for Brazil

     26th November 2003 The MD of Volkswagen South Africa, Hans-Christian Maergner, has been appointed president of Volkswagen do Brazil, with effect from January 1, 2004. 

Energy matters high on agenda for Cameroon

     25th November 2003 The executive vice president of the International Finance Corporation (IFC), Peter Woicke met with Cameroon government officials to review private sector development priorities and discuss critical challenges that the country faces, including the power crisis. 

US may scrap steel tariffs but require licensing

     25th November 2003 US President George W Bush may end tariffs on steel imports as early as next week but keep in place a system - favored by US steel producers – to license and track imports to minimize the risk of sudden surges, industry sources said at the weekend. 

Dormann sees ABB powering ahead

     25th November 2003 Indebted engineer ABB can finally concentrate on growth, its top executive said last week, a day after shareholders agreed to pay for part of its multi-billion dollar recapitalisation plan. 

World wind conference under way in Cape Town

     25th November 2003 Around 300 delegates from 34 countries are currently attending the second World Wind Energy Conference and Renewable Energy Exhibition, at the Cape Town International Conference Centre, which started on Sunday and will end tomorrow. 

Omnia issues rand-related warning

     25th November 2003 Chemicals company Omnia, reported in its year-end results for 2003, ended March 31, that it experienced unusually high export volumes and margins driven by the weak rand. 

Govt reports record number of land claims processed

By: laurian clemence     25th November 2003 The Department of Land Affairs yesterday announced that this year has seen a remarkable increase in the number of land redistribution projects and claims that have been settled and processed since 1994. 

Rand to save Telkom R280m on capex budget, but . . .

By: Terence Creamer     25th November 2003 South African telecoms utility Telkom is set to save R280-million this year on foreign-denominated capital expenditure in its fixed-line business due to the rapid appreciation of the rand against the dollar and the euro. 

New dates set for taxi recap programme

By: Martin Czernowalow     25th November 2003 In a boost for the South African government’s taxi recapitalisation programme, deadlines have been set for the initiation of the process, the Department of Transport announced yesterday. 

Vodacom considers Nigeria entry

By: Martin Czernowalow     25th November 2003 South African mobile operator Vodacom is currently conducting legal and financial due diligence, following a successful offer to acquire an equity stake in Econet Wireless Nigeria (EWN), the group said yesterday. 

Recruitment of engineers becoming increasingly difficult

     25th November 2003 In the latest Management Information Survey (MIS) results to June 2003, the South African Association of Consulting Engineers (Saace) has highlighted that as many as 90% of its member firms reported that they are faced with increasing difficulties in recruiting good quality engineering staff. 

'Nigeria, US probe Econet Nigeria allegations'

     25th November 2003 Econet Wireless International said on Monday the Nigerian government and the US Justice department had launched a probe into claims of corruption against Econet Nigeria, or EWN. 

Beautiful bid to host the beautiful game

By: Zonika Botha     24th November 2003 After losing out on the opportunity to host the 2006 FIFA World Cup by a single vote to Germany in 2000, South Africa again has the opportunity to stage the world’s biggest sporting event come 2010. 

IFC backs Kenyan industrial-development agency

     24th November 2003 The International Finance Corporation (IFC), the private sector arm of the World Bank Group, says it will invest up to $5-million in Industrial Promotion Services (IPS) in Kenya, an equity investment company. 

Deal to support Nigerian small business efforts

     24th November 2003 A World Bank unit has signed a memorandum of understanding (MoU) with Nigerian financial institutions, Accion International and Accion Investments, to set up of a new micro finance institution (MFI) that will focus on the development of micro, small and medium-sized enterprises. 

Clean-fuels investment roll-out underway

     24th November 2003 Following the Department of Minerals and Energy’s (DME’s) announcement to phase out leaded petrol in total by 2006, and to reduce the diesel sulphur content down from 3 000 p/m to 500 p/m max for the main grade, also in 2006, the fuel manufacturers and refiners indicated that... 

Surging rand is SA’s latest miracle

     24th November 2003 South Africa's rand currency has become the latest "miracle" in a country that astonished the world in 1994 with its peaceful transition to democracy and the end of apartheid white minority rule. 

Acsa seeks consultants for upgrade initiative

By: laurian clemence     24th November 2003 The Airports Company South Africa (Acsa) has issued two tenders seeking consultant teams for the upgrade of the international arrivals terminal and international pier development at Johannesburg International Airport (JIA), which forms part of the company’s R3,8-billion upgrades project,... 

Many SMEs face financial problems in SA – report

     24th November 2003 New research from the University of Cape Town Graduate School of Business (GSB) has revealed that a high percentage of entrepreneurial small and medium firms in South Africa are experiencing financial difficulties that could make them vulnerable to failure. 

Workshops highlight SA’s informal trade

     24th November 2003 The International Labour Organisation (ILO) and StreetNet International last week held two events in Johannesburg, highlighting issues relating to street-trade. 

Global engineering gathering debates public transport

     21st November 2003 The International Federation of Municipal Engineers (IFME) and the Institute of Municipal Engineers of South Africa (Imesa) recently held a congress in Cape Town, where 600 local and international municipal engineers from around the world gathered to discuss important issues which had a direct... 

SA and Brazilian schemes receive hydropower awards

     21st November 2003 The International Hydropower Association (IHA) has awarded its 2003 Blue Planet Prize to two schemes – Palmiet pumped-storage scheme, of South Africa, and Brazil’s Salto Caxias Hydropower Plant. 

Barloworld makes $215m offer for Avis

     21st November 2003 South African brand management group Barloworld said yesterday it had made a firm cash and share offer to acquire the 65,3% of Avis it does not already own for a total R1,42-billion. 

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