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Progressive Professionals Forum wants SIU probe into Steinhoff

By: African News Agency      25th March 2019 The Progressive Professionals Forum (PPF) has called for South Africa's Special Investigating Unit to probe troubled global retailer Steinhoff International in light of new revelations of corruption.  An investigative report by audit firm PricewaterhouseCoopers (PwC) found that a small group of... 

Rand slides as global recession fears hit emerging markets

By: Reuters     25th March 2019 South Africa's rand retreated against the dollar early on Monday, weakening alongside other emerging market currencies on fears of a slowdown in global economic growth. At 0630 GMT the rand was 0.1% weaker at 14.5050 per dollar compared to a close of 14.9000 on Friday in New York. 

Phaswana to retire as Mondi joint chairperson

By: Simone Liedtke     19th March 2019 LSE- and JSE-listed packaging and paper group Mondi on Tuesday announced that Fred Phaswana, joint chairperson of the boards of Mondi Limited and Mondi, has informed the boards of his decision to retire. Phaswana will retire after the completion of the company’s proposed simplification, which is... 

Reflection on proposed splitting of Eskom

By: Saliem Fakir     15th March 2019 The mere mention of the splitting of State-owned  electricity utility Eskom into three parts invikes the conclusion that it is a Trojan horse for privatisation. There may be some validity in this assumption, but it is not clear, given Eskom's current woes and its inability to pass costs fully to... 

Groundwood reject system conversion, Russia

By: Sheila Barradas     15th March 2019 JSC Volga plans to convert the existing groundwood reject line, Nizhnij Novgorod, into a thermomechanical pulping line. 

Ring-Fence The Plastic Bag Levy To Fight Plastic Pollution

14th March 2019 “The nearly R2 billion that has been raised through the levy so far, should never have been absorbed into the black hole of our national fiscus. Instead, the levy should have been ring-fenced for its intended purpose: to develop better recycling facilities and incentivise sustainable consumer... 

Libstar declares maiden dividend on back of strong perishable foods performance

By: Marleny Arnoldi     13th March 2019 JSE-listed consumer packaged goods producer and supplier Libstar has declared its maiden dividend of 22c a share, for the year ended December 31, following its listing on the JSE in May 2018. CEO Andries van Rensburg on Wednesday said the company had experienced the toughest market conditions... 

See not waste, but opportunity on Global Recycling Day

13th March 2019 It is estimated that in the year 2017 alone South Africans generated 54,2 million tonnes of general waste. Of these millions of tonnes of waste only 38,6% was recycled1, which means almost two thirds of our waste still ends on landfill sites. It is up to consumers to put this landfill trend to... 

Mpact says rising power prices will place pressure on margins 

By: Terence Creamer     13th March 2019 South African paper and plastics packaging group Mpact is forecasting further improvements in the operating performance of its paper business in 2019 as recent capital projects are optimised and fruit volumes improve following the recent Western Cape drought. In the short term, however, the group... 

Social partnerships a cornerstone of skills development – Manamela

By: Marleny Arnoldi     12th March 2019 Higher Education and Training Deputy Minister Buti Manamela on Tuesday stressed the importance of social partnerships as a cornerstone of skills development. In an opening speech at the Skills Development Summit, he noted that the event was being held against a background of low economic growth... 

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