R/€ = 13.48 Change: 0.11
R/$ = 12.50 Change: 0.07
Au 1245.31 $/oz Change: -3.99
Pt 959.50 $/oz Change: -0.50


Competition Commission raids fresh produce market agents

By: Megan van Wyngaardt     Updated 4 hours ago The Competition Commission on Thursday morning conducted a search and seizure operation at the premises of nine fresh produce market agents suspected of involvement in alleged cartel and price-fixing conduct in contravention of the Competition Act. The operation formed part of an investigation... 

Coal transporters take Eskom, government to court

By: African News Agency      Updated 4 hours ago The Coal Transporters Forum (CTF) has approached the high court, seeking an interdict to bar Eskom from entering into contracts with renewable energy independent power producers (IPPs) as envisaged by government. At a press briefing in Pretoria on Thursday, CTF spokesperson Mary Phadi however... 

BMW SA invests in new warehouse, X3 production to start in 2018

By: Irma Venter     22nd March 2017 BMW Group South Africa (BMW SA) will, over the next two years, invest R400-million in a new regional distribution centre (RDC) and the expansion of its Midrand headquarters. The R400-million investment is in addition to the R6-billion injection, announced in November 2015, to prepare the... 

Women Investing in Infrastructure packs a punch for gender equality

     22nd March 2017 Three influential female captains of industry have established Women Investing in Infrastructure (WIiI), a company to fast-track equal gender opportunities in infrastructure development across the African continent. WIiI aims to improve the quality of women’s lives by investing and participating... 

Export orders continue to flow for home-grown mobile load simulator

By: Dylan Slater     17th March 2017 The Mobile Load Simulator (MLS), designed and developed locally for the testing of the load-bearing capacity of highways and airport runways, was recently completed and exported to a client in China.  

Multinational group buys South African flavour company

     17th March 2017 Last month, multinational flavour and fragrance company Frutarom announced that it had signed an agreement for the purchase of flavouring company Unique Flavors South Africa for about $6.7-million (R90-million). Unique Flavors engages in the development, production and marketing of flavours, with... 

R158m road construction project part of Gauteng development programme

By: African News Agency      16th March 2017 An R158-million road construction project was launched for the Rust der Winter and Mkhombo Nature Reserves, north-east of Pretoria, the Gauteng Department of Roads and Transport said on Thursday. The D1944 road construction project, launched by the Gauteng MEC for Roads and Transport, Ismail... 

Sasol officially launches 2017 GTC Championship

By: Megan van Wyngaardt     16th March 2017 The Sasol GTC Championship team on Thursday welcomed newest team member Robert Wolk, who will be behind the wheel of the team’s BMW GTC racer. Thirty-one-year-old Wolk replaces Hennie Groenewald, who stepped down to start a new business venture in Cape Town. Wolk has been racing since the age of... 

Fortress Income Fund launches R650 million Louwlardia development

     16th March 2017 The JSE listed Fortress Income Fund has officially launched the Louwlardia Logistics Park, a R650 million A Grade logistics facility that is under development alongside the N1 in Centurion.   Speaking at the launch,  executive director Andrew Teixeira said that Louwlardia was part of the 1... 

Eskom initiates talks on triggering government support to cover IPP costs 

By: Terence Creamer     15th March 2017 Eskom has written to the signatories of the Government Support Framework Agreement (GSFA) – which guarantees support for the State-owned utility in meeting its obligation to buy electricity from renewable-energy independent power producers (IPPs) – to discuss a possible triggering of government... 

Merc SA adds three AMG models to production line in R200m investment

By: Irma Venter     13th March 2017 Mercedes-Benz South Africa (MBSA) will, in the second half of the year, add three new derivatives to its production line at the company’s East London plant, in the Eastern Cape. The new derivatives are AMG models, which refers to Mercedes-Benz’s range of high-specification performance vehicles. 

PRASA gets interim board in attempt to bring stability

By: Natasha Odendaal     13th March 2017 Transport Minister Dipuo Peters has appointed an interim board to stabilise the ailing Passenger Rail Agency of South Africa (PRASA) and guide the parastatal until a new, permanent board is selected. Peters last week dissolved the entire PRASA board on the back of “declining performance, lack of... 

'We are being intimidated' – Uber driver

By: News24Wire      10th March 2017 As metered taxi drivers blocked off roads near the OR Tambo International Airport on Friday in protest against Uber, drivers from that service protested against their own company for allegedly not protecting them. Uber driver Zweli Ngwenya told News24 that some drivers had submitted a memorandum... 

Office tower development seen heralding new Gauteng CBD

By: Anine Kilian     10th March 2017 Motorists on the N1 have had a front-row seat as accounting firm PwC’s 28-storey office building rose from the veld at the Waterfall City development, in Gauteng. Launching in February 2018, the high-rise building is potentially spearheading a new central business district (CBD) between... 

Office tower development seen heralding new Gauteng CBD

By: Anine Kilian     10th March 2017 Accounting firm PwC’s Waterfall City-based 28-storey office building, launching in February 2018, has the potential to spearhead the new central business district (CBD) of Gauteng. Located between Midrand and Woodmead, off the Alandale interchange on the N1 highway, the R1.5-billion skyscraper... 

Safeguarding cargo not sole responsibility of police, ACSA – CEO

By: African News Agency      9th March 2017 Companies dealing with handling cargo with valuables at airports should have their own security measures in place apart from those provided by the SA Police Service (SAPS) and the Airports Company of South Africa (ACSA), its CEO Bongani Maseko said. He said although cargo security was a... 

Research finds mining not the only contributor to seismic events

By: David Oliveira     3rd March 2017 JOHANNESBURG ( – Historical research by the Council for Geoscience (CGS) has placed almost beyond doubt that it is the gold mining sector that is solely responsible for causing seismic events in and around Johannesburg. Gold mining has, however, amplified the number and magnitude... 

Brexit set to change SA’s bilateral economic relationship with the UK 

By: Keith Campbell     3rd March 2017 Last month, during the debate regarding the 2017 State of the Nation address in Parliament, in Cape Town, Trade and Industry Minister Dr Rob Davies highlighted: “[A]s the UK government prepares to trigger exit negotiations from the EU (European Union), we need to prepare for a new trade... 

Brexit set to change SA’s bilateral economic relationship with the UK

By: Keith Campbell     3rd March 2017 Last month, during the debate regarding the 2017 State of the Nation Address in Parliament in Cape Town, Trade and Industry Minister Dr Rob Davies highlighted that “[a]s the UK Government prepares to trigger exit negotiations from the EU [European Union], we need to prepare for a new trade... 

Musical chairs in the SA automotive industry

By: Irma Venter     3rd March 2017 South Africa’s automotive industry has seen a number of shake-ups in the first two months of the year. WesBank has announced the appointment of Mark Finlayson as the CEO of its Motor division following the departure of Simphiwe Nghona on February 1. 

Paramount Group unveils new version of Mwari aircraft

By: Dylan Slater     3rd March 2017 Following a “large increase in customer demand” for the South African-designed, -developed and -built Advanced, High-performance, Reconnaissance, Light Aircraft (Ahrlac), South African defence platforms company Paramount Group announced the unveiling of a new version of the aircraft – the Mwari... 

Government won’t allow poultry industry to be ‘decimated’ - Davies 

By: Terence Creamer     2nd March 2017 Trade and Industry Minister Dr Rob Davies is adamant that government will not stand by while its poultry industry is “decimated”, but acknowledges that there are also issues of industry competitiveness that should be addressed. Speaking this week during the Economic Sectors, Employment and... 

MTN swings into first annual loss in 20 years

By: Reuters     2nd March 2017 Africa's biggest mobile phone operator MTN Group swung into a hefty $108-million annual loss on Thursday, its first in two decades, hit by a regulatory fine in Nigeria and unfavourable currency moves. MTN said its headline loss came in at R1.4-billion ($108-million), or 77c a share, in the year... 

Lack of reskilling of coal miners, truckers a concern – Greenpeace

By: Megan van Wyngaardt     1st March 2017 In light of industrial action by truck drivers in the coal transportation sector on Wednesday morning, in protest at Eskom's expected signing of power purchase agreements with more independent power producers, which they believe threaten their jobs, Greenpeace Africa campaigner Nhlanhla Sibisi... 

Coal truck drivers protest over renewables, plan march to Zuma's office

By: Reuters     1st March 2017 Several coal transporting trucks blocked highways in South Africa's capital on Monday to protest against the country's renewable power programme after President Jacob Zuma showed support for the sector in speech to parliament last month. Zuma's directive has angered coal transporting workers, who... 

Attacq holds strong amid external risks

By: Megan van Wyngaardt     28th February 2017 While the six months to December 31 was marred by a tougher global economy, political uncertainty and international market volatility, JSE-listed property group Attacq still managed to grow its local portfolio by 9.6%, with a total asset value of R27.1-billion. At a briefing to discuss the... 

Monyane asks Zuma to intervene in finance minister dispute

By: African News Agency      24th February 2017 South African Revenue Service (Sars) Commissioner Tom Moyane on Friday disputed Finance Minister Pravin Gordhan’s assertion that there was a tax collection shortfall of over R30-billion which had contributed to the budget deficit. Instead, Monyane accused his boss, Gordhan, of interfering in the... 

Sanral CEO looks to regain South Africa’s trust despite ongoing e-toll tussle 

By: Irma Venter     24th February 2017 Not too long ago, the South African National Roads Agency Limited (Sanral) was a firm darling among its peers. It was a well-funded State-owned enterprise (SOE) almost never under fire, seldom in retreat, grinding ever onward in its task to manage and expand the country’s road network. Then came... 

Air force base sends 60 cadets for training

     24th February 2017 From next year, the South Africa Air Force (SAAF) will send 60 cadets to a military academy in Saldanha in the Western Cape each year to pursue their first degree in their chosen fields. This will include future pilots, navigators, engineers, technicians and other support mustering. 

Diplomatic doldrums for Pretoria?

By: Keith Campbell     24th February 2017 While much local media attention has been devoted to US President Donald Trump, there has been something that, from a South African perspective, was much more important. This was the outcome of the African Union summit at the end of January. This appears to have been pretty much a diplomatic... 

Sanral CEO looks to regain South Africa’s trust despite ongoing e-toll tussle

By: Irma Venter     24th February 2017 Not too long ago the South African National Roads Agency Limited (Sanral) was a firm darling among its peers. It was a well-funded State-owned enterprise (SOE) almost never under fire, seldom in retreat, grinding ever onward in its task to manage and expand the country’s road network. Then came... 

Nersa allows Eskom to raise tariffs by 2.2% in 2017/18

By: Anine Kilian     23rd February 2017 The National Energy Regulator of South Africa (Nersa) has allowed State-owned Eskom to raise its tariffs by 2.2% for the 2017/18 year. Nersa chairperson Jacob Modise on Wednesday said the regulator had confirmed Eskom’s allowable revenues of R205-billion for the period. 

Brian Molefe sworn in as ANC MP

By: News24Wire      23rd February 2017 Former Eskom CEO Brian Molefe has been sworn in as African National Congress member of Parliament. Two sources from Parliament confirmed to News24 that the swearing in took place in the Speaker's office on Thursday morning. 

High-powered speakers lined up for Nuclear Africa

By: Kelvin Kemm     17th February 2017 South Africa’s nuclear programme has attracted a great deal of public interest. This has ranged from serious scientific and engineering interest to the emotional attacks of the extreme antinuclear lobby. The antinuclear crowd does not comprise South Africa only; there are Germans, Americans and... 

Anglo’s New Largo project considered in coal mine sale package

By: Bloomberg     17th February 2017 Anglo American may sell its New Largo project in a package with three other coal mines that supply South Africa’s power utility, as the company moves forward with plans to scale down operations. State-owned Eskom is discussing with Anglo the sale of the New Vaal, Kriel and New Denmark mines that... 

Biogas needs favourable REIPPPP allocation for sustainable development

By: Nadine James     17th February 2017 The measureable and sustainable development of South Africa’s biogas industry requires projects, and therefore a favourable  Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) allocation, to prove sufficient financial viability to financial institutions is essential.... 

Gautrain 2 project, South Africa

By: Sheila Barradas     17th February 2017 The Gautrain Management Agency has completed the feasibility study for the expansion of the railway. 

Luther Erasmus

     17th February 2017 This we feature TLT MechCal and TLT Actom MD Johannes Erasmus. The group is a global leader in the supply of innovative ventilation solutions for the mining, power, industrial and process industries   

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