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Latest Videos
MTN leverages Internet of Things 
By: Natasha Odendaal 14th May 2015 Telecommunications major MTN has leveraged the emerging Internet of Things (IoT) to open up a “whole new world” into other industries for the JSE-listed firm’s business arm, while enabling African enterprises to gain greater control over the connection and management of machine-to-machine (M2M)... →
Lack of funding appetite for infrastructure projects in PFS stage, forum hears 
By: Natalie Greve 13th May 2015 Infrastructure delivery in South Africa remains hobbled, not by a lack of project pipeline but rather by a lack of investment apetite in projects that have not yet been proved at the bankable feasibility stage, the Captains of Construction Leadership forum heard on Wednesday. “We are sitting with... →
Westcon recovery boosts Datatec to new heights
By: Schalk Burger 13th May 2015 The recovery of networking and data centre division Westcon helped to boost the revenue of holding company Datatec by 13.3% to $6.4-billion and operating profit by 9.1% to $726.5-million for the year ended February 28. Westcon’s revenue grew by 19% year-on-year to $4.85-billion, while its gross... →
Playing field for digital economy needs to be levelled – PwC
By: Megan van Wyngaardt 12th May 2015 South African tax laws and rules need to be rewritten to capture the digital economy, as they have not kept pace with its growth or the changes in the way business is conducted globally. Speaking during a panel discussion in Johannesburg on Tuesday, advisory firm PwC national tax technical head... →
R75m PET recycling plant contributes to National Waste Management Strategy goals
By: Zandile Mavuso 12th May 2015 Recycling company Petco’s largest contracted recycler Extrupet has launched its new Bottle-2-Bottle Phoenix recycling plant, in Germiston, which will produce an additional 14 000 t/y of polyethylene terephthalate (PET) resin for the packaging industry. →
Downtown Joburg showcased in big-budget Hollywood movie
By: Sashnee Moodley 8th May 2015 Scenes from the latest instalment of the popular American superhero film The Avengers, which were shot in Johannesburg in February, will promote the city and the country as a film destination, owing to its enormous economic and marketing value. →
Mugabe says Zim open to foreign investment
By: Pimani Baloyi 8th May 2015 Despite media reports and fears that Zimbabwe’s indigenisation policy – which stipulates that Zimbabweans must own 51% of foreign-owned companies – implied that the country was not open to foreign investment, Zimbabwe was open to foreign-owned businesses, Zimbabwean President Robert Mugabe last... →
South32 set to hit ground running after 98% BHP 'yes' vote
By: Martin Creamer 6th May 2015 The demerging South32 mining company, which is set to hit the ground running after receiving an overwhelming 98.05% yes vote from BHP Billiton shareholders on Wednesday, is at an advanced stage of planning a global shared service centre in South Africa, which will create 200 new quality jobs.... →
Weak steel demand forces AMSA to run upgraded Newcastle mill below capacity
By: Terence Creamer 5th May 2015 Steel producer ArcelorMittal South Africa (AMSA), which recently completed the R2-billion reline of the blast furnace at the Newcastle mill, has decided not to immediately ramp up the plant to its expanded 1.9-million-tonne-a-year nameplate capacity, owing to weak domestic market conditions.... →
Significant drop in engineering industry confidence – survey
By: Megan van Wyngaardt 4th May 2015 The level of satisfaction among South Africa’s engineering firms took a staggering tumble, falling from 87% in the first six months to 46% in the last six months of 2014, engineering body Consulting Engineers South Africa (Cesa) has revealed. Cesa’s ‘Bi-Annual Economic and Capacity Survey June to... →
R1bn Nelson Mandela Children’s Hospital to admit first patient in 2016
By: Natalie Greve 22nd April 2015 A year after first breaking ground on the 238-bed, eight-theatre Nelson Mandela Children’s Hospital (NMCH), in Parktown, Johannesburg, the Nelson Mandela Children’s Hospital Trust (NMCHT) continues to advance the legacy project with a view to admitting its first young patient in the first half of... →
R3.5bn Mall of Africa counts down to 2016 opening
By: Natalie Greve 21st April 2015 Almost a year before Waterfall Estate’s sprawling Mall of Africa, in Midrand, is due to open its doors to the public, property developer Atterbury reports that development of the flagship development remains firmly on track, with some 83% of gross lettable area already tenanted. The so-called... →
Brown moves to stabilise Eskom leadership with appointment of Molefe as acting CEO
By: Terence Creamer 17th April 2015 Public Enterprises Minister Lynne Brown announced that Transnet's Brian Molefe had been seconded as acting CEO of Eskom, with immediate effect. Brown said the appointment formed part of government efforts to stabilise the Eskom leadership, following the suspension of four senior executives,... →
Retailer continues sustainability drive
By: David Oliveira 3rd April 2015 South African retailer Massmart is continuing to improve the operating efficiency of its stores by adopting more sustainable technologies, such as light-emitting diodes (LEDs) and daylight harvesting cells for lighting, rainwater harvesting for water supply and evaporative cooling technology for... →
SA risks weakening foreign investment environment with Security Bill amendment
By: Natasha Odendaal 30th March 2015 Despite the “overwhelming” positivity surrounding the majority of the changes contained within the Private Security Industry Regulatory Authority (PSIRA) Amendment Bill, one clause has “unintended consequences” capable of damaging South Africa as an attractive investment destination and breaching... →
Coca-Cola bottling company reduces water use by 70% over five years
By: Natalie Greve 26th March 2015 Beverage bottling company Amalgamated Beverage Industries (ABI) – the largest manufacturer and bottler of Coca-Cola products in the southern hemisphere – has succeeded in reducing the water required to produce beverages across its five plants by some 70% over the last five years, while also... →
Eskom targeting 975 MW in savings as it restarts DSM schemes
By: Terence Creamer 25th March 2015 State-owned power utility Eskom, which halted its demand-side management (DSM) interventions last year owing to funding uncertainties, reports that some of the programmes will be restarted this year and that a savings target of 975 MW has been set. Speaking at a Fossil Fuel Foundation conference... →
Hyundai starts local H100 assembly
By: Natasha Odendaal 20th March 2015 Hyundai Automotive South Africa (HASA) has started rolling the 1.3 t H100 light commercial vehicle (LCV) off the newly established production line at the Commercial Vehicles Division’s assembly plant in Benoni, Gauteng. With nearly 450 of the currently imported H100 “bakkies” sold each month, the... →
Youth unemployment might remarginalise Africa
By: Megan van Wyngaardt 17th March 2015 There are three key challenges impeding infrastructure development and economic growth in Africa, including government policies, the continent’s position on global competitiveness and a high level of youth unemployment. At the second Public–Private Dialogue Forum on Infrastructure Projects in... →
Department of Tourism to focus on rolling out renewable energy
By: Megan van Wyngaardt 10th March 2015 To improve the sustainability of tourism in South Africa, the Department of Tourism has included the retrofitting of key tourist attractions and State-owned destinations with renewable-energy technology in the pilot phase of a R600-million Tourism Incentive Programme (TIP), which would be carried... →
Expanding E Cape port moves to corner regional transshipment market
By: Natalie Greve 9th March 2015 Transnet Port Terminals (TPT) has the southern hemisphere transshipment market firmly within its crosshairs, having, thus far, injected some R14-billion into the development of the purpose-built Ngqura container terminal (NCT) at the Port of Ngqura, in the Eastern Cape – located within the... →
Emira highlights strong performance in distribution growth
By: Sashnee Moodley 6th March 2015 JSE-listed Emira Property Fund reported distribution growth per participatory interest (PI) of 9% for the six months ended December 31, 2014. →
Africa shows renewed interest in food tech
By: Mia Breytenbach 6th March 2015 East and West African countries are enhancing legislation to ensure food security, thereby reinvesting in their agriculture and processing sectors. African food and beverage industries have, therefore, expressed a renewed interest in food processing and production technologies, as well as related... →
New fruit cider promotes competition, local production
By: Mia Breytenbach 6th March 2015 Having introduced a new cider category to the South African alcoholic beverage market in 2014, Sweden-based cider producer Rekorderlig aims to encourage innovation and stimulate production in this new cider category in the near future where, much like the Craft Beer revolution, as consumers’... →
Water professionals agree: South African cities can achieve water excellence
By: Dylan Stewart 6th March 2015 South Africa and many other developing nations had an opportunity to leapfrog conventional inefficient water systems and lead the way in achieving water-sensitive urban areas, announced Monash University water engineering professor Ana Deletic at the launch of the Water Research Commission’s... →
Afrox expects job losses amid restructuring
By: Ilan Solomons 3rd March 2015 JSE-listed African Oxygen (Afrox) expects a “reasonable number” of job losses to occur up to the third quarter of this year, as the company restructures its operations. “I do not want to say exactly how many jobs will be lost during this restructuring period because this is confidential. But I... →
R13bn in US, Canadian development-finance support for SA locomotives purchase
By: Terence Creamer 2nd March 2015 State-owned freight logistics group Transnet confirmed on Monday that it had received the backing of leading American and Canadian development funding agencies for its purchase of more than 500 diesel and electric locomotives from General Electric and Bombardier Transportation respectively. The... →
Turbines boosting mine power – AngloGold
By: Martin Creamer 2nd March 2015 Gold major AngloGold Ashanti is installing turbines in underground mines to boost energy regeneration, as part of a strategy of recovering electricity without spending significant amounts of capital. “What we’ve done is put in energy regeneration and capture plants in the form of turbines at two... →
Prestigious competition seeks to showcase and inspire local entrepreneurs
By: Sashnee Moodley 27th February 2015 The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy. →
Proposed R5.3bn expressway to increase safety, productivity of N3 road users
By: Sashnee Moodley 26th February 2015 The South African National Roads Agency Limited (Sanral) on Thursday outlined the benefits of its proposed R5.3-billion De Beers Expressway, saying this would result in significant relief in congestion on the Van Reenen’s Pass route. →
Property sale, speciality chemicals division provide impetus for AECI
By: Ilan Solomons 24th February 2015 The completion of the bulk surplus property sale of a 2 300 ha Heartland property in Modderfontein to Chinese investment company Shanghai Zendai and a “record performance” from the speciality chemicals cluster were key to the growth of JSE-listed speciality chemicals and explosives group AECI’s... →
Hyprop declares 262c interim dividend
By: Sashnee Moodley 23rd February 2015 Property company Hyprop on Monday reported strong return growth with an interim dividend of 262c a share for the six months to December 31, an increase of 13.7% on the previous year. Hyprop CEO Pieter Prinsloo stated that the total return for the six months was 25.9% and Hyprop’s revenue and... →
Sibanye eyes R3bn, 150 MW solar power station
By: Natasha Odendaal 19th February 2015 Gold miner Sibanye Gold plans to build a R3-billion, 150 MW solar power plant to ease its reliance on the costly and unreliable electricity supply from South Africa’s State-owned power utility Eskom, which posed a threat to the company’s current operations and future development. Despite reducing... →
Blue Label probes prepaid water opportunities
By: Natasha Odendaal 19th February 2015 As the trend of moving into a prepaid world continues, JSE-listed Blue Label Telecoms has started examining opportunities to enter the emerging prepaid water segment and replicate its successful prepaid electricity sales model. On the back of the “phenomenal growth” experienced in the deployment... →
Blue Label posts double-digit rise in H1 earnings
By: Natasha Odendaal 18th February 2015 JSE-listed Blue Label Telecoms on Wednesday reported double-digit growth for the first half of the 2015 financial year, as its South African distribution division outperformed, setting a positive pace for improved financial performance for the final six months of the year. The group posted a 15%... →
Steel group losing up to R1.5m/hr during ‘uncontrolled’ load shedding
By: Terence Creamer 13th February 2015 Former Eskom FD and the current head of Africa’s largest steel group, Paul O’Flaherty, has described the latest round of load shedding as “uncontrolled” and reports that, when interrupted, the JSE-listed company is losing the equivalent of R1.5-million an hour. Speaking after ArcelorMittal South... →
AMSA in formal talks with government on new steel pricing model
By: Terence Creamer 13th February 2015 Steel producer ArcelorMittal South Africa (AMSA) has set up four bilateral working groups with various government departments and State entities in a bid to deal decisively with what current CEO Paul O’Flaherty describes as debilitating “legacy issues”, including the highly contentious issue of... →
Study outlines ways to decouple growth from environmental degradation
By: Zandile Mavuso 13th February 2015 Following the launch of the State of Green Technologies in South Africa study last month in Johannesburg, the Academy of Science of South Africa (Assaf) says the study aims to increase the development of green technologies as a way of stimulating economic growth, creating job opportunities and... →
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