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Mar 04, 2015
   
South Africa’s State-owned railways utility Transnet Freight Rail (TFR) says it remains confident of concluding take-or-pay contracts with 36 coal-line customers before the end of its financial year, which concludes on March 31. Spokesperson Sandile Simelane tells...
 
Mar 04, 2015
South Africa’s Construction Industry Development Board (CIDB) has summoned 15 construction companies to appear before an independent investigating committee for a formal inquiry in April. Following its own investigation into collusive practices in the construction...
Mar 04, 2015
MTN CEO and president Sifiso Dabengwa
Telecommunications giant MTN has nearly doubled its planned investment into South Africa over the next year, as it aims to support its growth plans, particularly around data, while playing catch up and gaining back lost subscribers. The mobile operator, which rallied...
Mar 04, 2015
JSE-listed packaging company Mpact’s basic underlying earnings a share for the year ended December 31, increased by 15.3% to 269.2c, while revenue increased by 11.9% year-on-year to R8.6-billion, owing to a drop in the oil price, capital expenditure investments and...
Mar 04, 2015
JSE-listed Mpact will pursue a broad-based black economic empowerment (BBBEE) deal that will see a partner acquire 10% of the ordinary shares in subsidiary company Mpact Operations. This followed the exit of its previous BBBEE partner Shanduka Packaging in 2012.
Mar 04, 2015
The Competition Commission on Wednesday referred three cases of alleged collusive tendering against construction company GVK Siyazama to the Competition Tribunal. The commission requested that a maximum penalty of 10% of GVK’s yearly turnover in respect of each...
Mar 04, 2015
Marking another milestone in the City of Joburg’s efforts to dismantle Apartheid spatial planning and develop transport corridors linking key economic and settlement hubs, the Johannesburg Development Agency (JDA) has broken ground on a R130-million pedestrian and...
Mar 04, 2015
The Democratic Alliance (DA) on Wednesday called for a fuel levy to pay for roads, instead of e-tolls, during a protest outside Gauteng Premier David Makhura's office. "We do want to pay for them [the roads] by a dedicated, ring-fenced national fuel levy," the...
Mar 04, 2015
To enhance operational efficiencies, in the midst of challenging market conditions and to ensure its survival and sustainability, South Africa’s national oil company (NOC) PetroSA will reorganise its business. The NOC said on Wednesday that, as a result of ongoing...
 
Mar 04, 2015
TSAM president and CEO Dr Johan van Zyl
Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl will, from April 1, also take responsibility for Toyota Europe. In addition to his roles as TSAM president and CEO and CEO of Toyota Africa region, he would now also become president and CEO of...
Mar 04, 2015
JSE-listed real estate investment trust (Reit) Growthpoint Properties recorded distribution growth of 7.5% to 84.4c a share in the six months ended December 31.
Mar 04, 2015
More than half CEOs surveyed as part of the latest Merchantec CEO Confidence Index, said load-shedding was negatively impacting businesses, as it lowered productivity and raised costs. The index, released on Wednesday, showed that 76.2% of CEOs felt that...
Mar 04, 2015
Business activity in South Africa's private sector stabilised in February after shrinking for two months, a survey showed on Wednesday, with falling fuel prices offering companies some respite. South Africa's HSBC Purchasing Managers' Index (PMI) inched up to 50 in...
Mar 04, 2015
A proposal by the South African government to limit farm size to 12 000 ha is a "negotiating tactic" as it tries to press ahead with the redistribution of land to black farmers, the minister of agriculture said. “Whenever you are negotiating, you always put forward a...
Mar 04, 2015
South Africa's rand recouped some of the previous day's sharp losses on Wednesday, but remained on shaky ground after Fitch ratings agency warned of a possible credit downgrade this year. At 0714 GMT the local unit was trading at 11.7600 to the dollar, from Tuesday's...
Mar 04, 2015
South Africa's central bank will keep interest rates unchanged in the short term as it lowered its inflation outlook but will monitor European and US economic events closely, deputy governor Daniel Mminele said on Tuesday. "The more benign projected inflation path......
Mar 04, 2015
Following its acquisition of planning, engineering and programme and construction management company Parsons Brinckerhoff, construction company WSP has appointed Mathieu du Plooy as MD in Africa for the enlarged company, effective March 1. WSP acquired Parsons...
 
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