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Further investment in Anglo by majority shareholder of Vedanta

21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

ELB sees 143% increase in profitability

20th September 2017 With profit for the year ended June 30 up 143% to R82-million, from a loss of R189-million in 2016, JSE-listed engineering services provider ELB has seen a 147% increase in headline earnings a share to 243c, from a loss per share of 519c. “Despite political uncertainty, the volatile currency and... 

Medupi power station project, South Africa

28th July 2017 Eskom is focusing on maintaining momentum of construction progress on Units 4 to 1. 

Medupi power station project, South Africa

14th July 2017 Eskom signed a loan agreement with the China Development Bank, which will form part of the funding for the Medupi power plant. 
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Remgro acquires Unilever’s spreads business in Southern Africa

Investment company Remgro will sell its 25.75% interest in Unilever South Africa to the Unilever group, in exchange for full ownership of the Unilever spreads business in Southern Africa and R4.9-billion in cash. The full value of the transaction is R11.9-billion, with the spreads business valued... 

Jarana to start as SAA CEO on November 1

South African Airways (SAA) announced that its new CEO Vuyani Jarana will take up his position on November 1.   “The decision follows the conclusion of negotiations with his current employer [Vodacom] on his release date,” said SAA spokesperson Tlali Tlali.   Jarana's appointment is intended to... 
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