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Jul 28, 2015
AECI CEO Mark Dytor
   
Explosives and specialty chemicals company AECI’s R400-million bulk property sale, in Somerset West, paired with a maintained market share, despite a difficult environment, pushed its headline earnings for the six months to June 30, up 45% to R632-million, compared...
 
Jul 28, 2015
Updated 5 hours ago South African power utility Eskom is open to importing coal for plants it still plans to commission, a coal conference heard on Tuesday. Willem Theron, business development manager of Eskom's southern Africa transmission group, said the state-run utility planned to...
Jul 28, 2015
Updated 2 hours 46 minutes ago South Africa’s automotive industry is not in crisis – but there is a very real danger that inertia could see it regress into lightweight assembly rather than claim its place as a globally competitive vehicle manufacturer. Speaking at the National Localisation Indaba,...
Jul 28, 2015
Updated 4 hours ago Enhancements to the Gautrain service will see users gain access to the rapid-rail link by tapping their local or international bank-issued contactless credit and debit cards at the fare gates – instead of their Gautrain gold cards – provided they are compliant with...
Jul 28, 2015
Updated 3 hours ago The South African Nuclear Energy Corporation’s (Necsa’s) subsidiary company NTP Radioisotopes has, in conjunction with the Steve Biko Academic Hospital/University of Pretoria and Germany’s ITG Isotopes Technologies Garching, undertaken a new anti-cancer procedure in...
Jul 28, 2015
The Competition Commission said on Tuesday that it had prohibited Raumix Aggregates, a subsidiary of the Raubex Group, from acquiring OMV Kimberley and OMV Kimberley Mining, collectively known as the OMV Group. Post-merger, Raumix, and ultimately Raubex, would have...
Jul 28, 2015
Updated 3 hours ago The Portfolio Committee on Energy on Tuesday welcomed the resignation of PetroSA chairperson Nonhlanhla Jiyane, but maintained that the entire PetroSA board should resign and be reconstituted, following months of financial mismanagement. Jiyane’s resignation had...
Jul 28, 2015
Former PRASA CEO Lucky Montana
Updated 4 hours ago South African President Jacob Zuma should fire Passenger Rail Agency of South Africa (PRASA) board chairman Popo Molefe and reinstate fired CEO Lucky Montana to restore order at the rail organisation, the South African Transport and Allied Workers Union said on...
Jul 28, 2015
Transnet National Ports Authority CIO Mmutle Lentle
Updated 2 hours 26 minutes ago State-owned enterprise Transnet National Ports Authority’s (TNPA’s) new Web-based integrated port management system (IPMS) went live on July 26 at the Port of Durban, with crude oil tanker Colorado being the first vessel to be brought into the port using the new...
 
Jul 28, 2015
Updated 3 hours ago Ahead of the start of construction of the Gibela Rail Transport Consortium’s R1-billion modern manufacturing facility and ancillary supplier business park, in Dunnottar, on the East Rand, the company gathered in excess of 450 aspiring contractors at a sector-specific...
Jul 28, 2015
Updated 3 hours ago The emerging social order will see Africa build its megacities; however, South Africa’s economic powerhouse, Johannesburg, would likely fall to the wayside as other emerging cities on the continent take the stage as “cities of opportunity”. Africa was poised to...
Jul 28, 2015
Small Business Development Minister Lindiwe Zulu
Updated 4 hours ago Johannesburg has been chosen to host the Global Entrepreneurship Congress (GEC) in March 2017 – a first for Africa – that will bring together entrepreneurs, investors, researchers and policymakers to foster entrepreneurship worldwide as a tool for development.
Jul 28, 2015
Dual-listed packaging and paper group Mondi expects its underlying operating profit for the half-year ended June 30 to be above the €377-million it reported for the first six months of 2014.  In the six months under review, the group recognised a net special item...
Jul 28, 2015
Telecommunications giant MTN expects to report a 10% to 15% drop in earnings when it publishes its financial results for the six months to June 30, on August 5. Basic earnings per share (BEPS) for the six months under review would likely be between 620c to 656c,...
Jul 28, 2015
Updated 3 hours ago The Bargaining Council for the Civil Engineering Industry (BCCEI) has reached a three-year wage agreement with the the Building, Construction and Allied Workers Union, the National Union of Mineworkers and the South African Forum of Civil Engineering Contractors,...
Jul 28, 2015
Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co and IBM Corp liable for conducting business that helped perpetuate the practice decades ago, a US appeals court ruled on Monday. The 2nd US Circuit Court of Appeals in New York...
Jul 28, 2015
Updated 3 hours ago Business Unity South Africa (Busa) will, in August, host the Women in Business Master Class Series and the Women on Board Training, to commemorate Women’s Month and promote and embrace transformation in the workplace.
 
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