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Sep 22, 2014
   
Updated 7 hours ago South African cement group PPC CEO and director Ketso Gordhan has resigned with immediate effect as a result of a “difference of opinion” with the board regarding board procedures for the approval of certain decisions.  Nonexecutive chairperson Bheki Sibiya would now...
 
Sep 22, 2014
Updated 4 hours ago  South Africa signed a nuclear power cooperation deal with Russia on Monday that paves the way for the building of up to 9.6 GW of nuclear power based on Russian technology by 2030, both sides said. The surprise announcement from the sidelines of a International...
Sep 22, 2014
Mozambican, Swazi and South African dignitaries at the official inauguration of the Maputo Corridor JOC
Updated 4 hours ago The Mozambican port and rail authorities plan to invest around $3-billion in the coming few years to raise yearly throughput at the Maputo port to between 40-million and 50-million tons by 2020 and to migrate additional cargo from road to rail. Speaking at the...
Sep 22, 2014
Updated 6 hours ago A series of unfortunate events led to Johannesburg and surrounding areas experiencing significant water shortages over the past week, City of Johannesburg mayoral committee member for development planning and urban management Roslynn Greeff said at a media briefing...
Sep 22, 2014
Despite a decline in construction activity, confidence in the civil construction industry, as measured by the First National Bank (FNB) and Bureau for Economic Research (BER) civil confidence index, increased in the third quarter of the year, FNB said on Monday....
Sep 22, 2014
Updated 7 hours ago Based on reports submitted to National Treasury, municipalities owe water boards some R2-billion, Cooperative Governance and Traditional Affairs Minister Pravin Gordhan revealed in a written response to a Parliamentary question on Monday. Municipalities in the Free...
Sep 22, 2014
Mogamad Sadick Davids
The Coega Development Corporation (CDC) has announced ambitious plans for the expansion of metals beneficiation initiatives and metals sector investments in South Africa through its newly unveiled 2014-2024 metals cluster strategy, which it hopes will attract...
Sep 22, 2014
Materials handling group ELB has attributed its solid full-year showing to its diversification across several industries and numerous commodities, which has resulted in the spread of risk rather than a reliance on the health of a single market. “If you specialise in...
Sep 22, 2014
Construction major Aveng has offloaded its wholly-owned Australia- and New Zealand-based utility, resources and infrastructure contracting business Electrix to European concern Vinco Energies for some R1.4-billion in cash. Aligned to the strategic objective of...
 
Sep 22, 2014
Energy efficient commercial buildings in South Africa delivered better returns than non-energy efficient buildings, a new study by the Investment Property Databank and the Green Building Council of South Africa has shown. The study, which investigated 461 commercial...
Sep 22, 2014
This month’s report includes details of project developer Ivanhoe Mines’ appointment of financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals project, in the Democratic Republic of Congo; the granting a mining licence to a joint...
Sep 19, 2014
President Jacob Zuma would next month officially launch the Dube Tradeport, in Durban, as an industrial development zone (IDZ), the Department of Trade and Industry (DTI) announced on Friday. At the launch event, which was scheduled to take place on October 7, the...
Sep 19, 2014
JSE-listed York Timber Holdings on Friday said it expected its operating profit for the year ended June 30 to be between 25% and 30% lower than that of the prior year. As a result of the lower operating profit, combined with a 1% increase in the company’s biological...
Sep 19, 2014
Engineering solutions provider ELB Group has reported an 18% increase in turnover for the year, boosting overall income, from R1.9-billion in 2013, to R2.3-billion for the 12 months ended June 30. Describing this as “a satisfactory result, given the current difficult...
Sep 19, 2014
After fully acquiring Nungu Trading 88 through a sale of shares and claims agreement, earlier this month, property group Texton Property Fund is now the sole owner of the 3 865 m2, AAA-grade office property Babcock House, in Bedfordview. Tenanted by Babcock Ntuthuko...
Sep 19, 2014
Sacci CEO Neren Rau
The South African Chamber of Commerce and Industry (Sacci) on Friday expressed concern about the marked increase in crimes against business, evident in the 2013/14 crime statistics released by the South African Police Service (SAPS). Sacci CEO Neren Rau said the 13%...
Sep 19, 2014
JSE-listed packaging firm Astrapak on Friday said it expected to report a loss a share of between 42c and 44c for the six months ended August 31, compared with a loss a share of 23.4c in the prior comparative period, mainly owing to the impact of industrial action....
 
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