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Latest News

UK announces renewable energy expansion

22nd August 2003 Offshore wind-farms, with the potential to power one in six households in the UK, have been given the green light for development by Trade and Industry Secretary Patricia Hewitt. 

Restructuring plan boosts Group Five's performance

By: laurian clemence     22nd August 2003 Following the completion of a three-year restructuring plan, broad-based infrastructural company Group Five yesterday announced strong results for the year to June 2003. 

SA firm bids for Jordanian pipeline project

By: Martin Czernowalow     22nd August 2003 South African broad-based infrastructure company Group Five on Wednesday submitted a bid for the construction of a Jordanian water pipeline as part of its activities in the Middle East. 

Numsa, motor sector conclude wage deal

22nd August 2003 The National Union of Metalworkers of South Africa (Numsa), the Fuel Retailers Association (FRA) and the Retail Motor Industry (RMI) have concluded a one-year wage agreement yesterday. 

Federal Mogul fined R3m by competition body

22nd August 2003 South Africa’s Competition Tribunal has imposed a fine of R3-million on motor vehicle manufacturer Federal Mogul. 

ABB's oil unit sale hit by minor delay

21st August 2003 Heavily indebted Swiss-Swedish engineering company ABB has encountered a last-minute delay in the $1-billion sale of its Oil, Gas and Petroleum unit, sources close to the deal said on Tuesday. 

Comesa sees lower cereal imports

21st August 2003 Eastern and southern African countries expect to import a combined 52,78-million tons of cereals in the 2003-04 (April-March) farm season, well downfrom the previous year, as food security improves, their trade bloc said on Tuesday. 

Motor sector poised for Ford announcement

By: Martin Czernowalow     21st August 2003 Car manufacturer Ford Motor Company of Southern African (FMCSA) said it would make an announcement on September 1 which will “significantly affect the future of the company”, but declined to give further details. 

Eskom seeks to consolidate scrap disposal

By: laurian clemence     21st August 2003 State-owned power utility Eskom has issued a tender calling for prospective companies to bid for a contract involving the collection, processing, and disposal of its scrap nonferrous metal on a national basis. 

SA steel giant’s earnings rise

21st August 2003 South Africa's biggest steel producer, Iscor, turned in a sharp rise in year earnings yesterday, masking pain in the fourth quarter and more to come as the strong rand punches into export income. 

Stander appointed as Transport DG

21st August 2003 Acting Transport Minister Jeff Radebe yesterday announced the appointment of Ms Wrenelle Stander as the first black female Director-General in the National Department of Transport (NDOT). 

Grintek-Saab expand cooperation

21st August 2003 The aerospace and electronics joint venture between Centurion-based Grintek and Saab AB of Sweden has expanded with the launch of a new division, Grintek Integrated Defense Solutions (GrIDS). The new section is a systems integrator and software house that will specialise in developing, building... 

EnviroServ reports rise in earnings

By: Martin Czernowalow     20th August 2003 South African waste management group EnviroServ yesterday announced that its revenue, for the year ended June 30, increased by 13%, to R426,1-million, and headline earnings per share improved by 17%, to 35,7 cents per share. 

Distell boosts trading income by 31%

20th August 2003 South African wine and spirits group Distell reported yesterday that it has boosted its trading income by 31% to R541-million for the year to June 2003. 

AST wins LAN upgrade for Kumba Resources

20th August 2003 Information technology group AST Networks has been awarded the Local Area Network (LAN) upgrade project for Kumba Resources in South Africa. 

Wireless Internet access with your coffee, sir?

20th August 2003 The business lunch, as we know it, will never be the same again with the introduction of cable-free ‘wireless’ Internet access by leading South African Internet service provider M-Web in selected Mugg & Bean outlets. 

WFP buys SA maize for Zimbabwe

20th August 2003 The United Nations World Food Programme (WFP) said on Monday it had bought 33 000 t of South African maize to fight hunger in Zimbabwe, following a €25-million donation from the European Commission. 

Chinese steel group triples profit

20th August 2003 Chinese steel maker Angang New Steel reported yesterday a better-than-expected 219% jump in first-half net profit as the country's automotive boom pushed up steel prices and demand. 

Israel picks Egypt over British Gas

20th August 2003 Israeli Prime Minister Ariel Sharon on Monday selected Egypt as a second supplier of natural gas, opting against British Gas, which operates wells off the Gaza Strip, Israeli media reported. 

Numsa mulls latest motor retail sector wage offer

20th August 2003 The National Union of Metalworkers of South Africa (Numsa) said yesterday it was consulting its members in the motor retail sector on the latest wage increase proposals made by the Fuel Retailers Association (FRA) and Retail Motor Industry (RMI). 

Ekurhuleni Metro awarded excellent credit ratings

20th August 2003 The Ekurhuleni Metropolitan Municipality has been awarded an A1 credit rating for short-term and an A+ rating for long-term debit. 

Tongatt-Hulett reports successes in Moz and Russia

20th August 2003 South African food and aluminium group Tongaat-Hulett said yesterday its sales in Mozambique have exceeded 10 000 t a month, for the first time in July. 

Erwin warns of growing anger at trade impasse

By: Terence Creamer     20th August 2003 South Africa’s Trade and Industry Minister, Alec Erwin, believes the upcoming World Trade Organisation (WTO) ministerial conference set for Cancun, Mexico, next month, is likely to be fraught with tension, and he has even raised serious doubts about whether the meeting will be successful. 

IDC to take 12,5% in Pechiney smelter

20th August 2003 South Africa's Industrial Development Corporation (IDC) said on Tuesday it was paying $275-million for a 12,5% stake in the Coega aluminium smelter being developed by France's Pechiney. 

ABB likely to agree to $1bn oil, gas unit sale soon

19th August 2003 Swiss-Swedish engineering firm ABB will next week agree the sale of its Oil, Gas and Petrochemicals (OGP) division to a consortium of private equity firms for around $1-billion, sources close to the situation said last week. 

BHPB targets US west coast for LNG growth

19th August 2003 The world's largest diversified miner BHP Billiton said yesterday it was planning a $600-million California liquefied natural gas facility as part of an expansion of its LNG operations. 

Firm delivers N-fuel presses for PBMR project

19th August 2003 Engineering group Hytec South Africa reported yesterday that two hydraulic nuclear fuel laboratory development presses valued at R1,6-million have been designed, delivered and commissioned by the company’s Spartan branch. 

Biodiversity body reviews mandate

By: laurian clemence     19th August 2003 The National Botanical Institute (NBI), through the National Environment Management Act, is calling for expressions of interest concerning its management review for the South African National Biodiversity Institute (Sanbi). 

UK medical firm invests R50m in the Cape

19th August 2003 UK medical firm EMS Medical Group has purcahsed premises in the Cape in a bid to expand its market share in the medical-devices sector. 

Environmental Bills taking SA into new era

19th August 2003 Environmental Affairs and Tourism Minister Valli Moosa says the new legislations tabled in Parliament yesterday will take the country into a modern period of environmental management and regulation. 

Summit to increase women participation in construction industry

19th August 2003 Public Works Minister Stella Sicgau will today open a one-day Summit on Women in the Build Environment with the aim of developing and reviewing strategies to increase the number of women participating in the industry. 

Road-freight sector announces Aids strategy

By: laurian clemence     19th August 2003 The road-freight industry announced yesterday that a new “cohesive and proactive” HIV/Aids awareness strategy would be implemented for drivers in the industry. 

New standard to improve telecoms interoperability

19th August 2003 Global telecommunication organisation ITU has approved a set of standards that will allow service providers to make significant savings on network equipment and increase service efficiency. 

PBMR award R260m contract for demo plant

19th August 2003 The Pebble Bed Modular Reactor Company has awarded a R260-million contract to IST Nuclear, a member of the IST group, for the design of three key systems for the PBMR demonstration plant. 

Moz to upgrade railway system

By: Martin Czernowalow     19th August 2003 The government of Mozambique is planning a project to create cost-effective and efficient transport available for freight and passenger traffic in the central region of the country and the neighbouring countries of Malawi and Zimbabwe. 

Strike ends at Johnson Matthey

19th August 2003 Production returned to normal yesterday at Johnson Matthey, in Germiston, after 700 workers belonging to the National Union of Metalworkers of South Africa (Numsa) accepted a 12% wage increase. 

Ford struggles with diesel truck complaints

18th August 2003 Ten months after it rolled out a new diesel engine for heavy-duty pickups, Ford Motor Company faces a chorus of quality complaints from owners who are among the company's most loyal customers. 

Iscor earnings to show rand, steel woes

18th August 2003 Analysts are keen to see what South Africa's biggest steel producer Iscor expects of steel prices and the rand when it reports fourth-quarter earnings, which they forecast to fall. 

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