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Jul 29, 2014
   
Updated 2 hours 51 minutes ago Despite the five-month strike in the platinum sector impacting AECI’s half-year performance, the sale of its Modderfontein property and improved performance from the chemical cluster hiked headline earnings per share (HEPS) by 10%. The JSE-listed group’s...
 
Jul 29, 2014
Updated 1 hour 58 minutes ago While the Steel and Engineering Industries Federation of Southern Africa (Seifsa) celebrated the end of the month-long engineering and metals industry strike, fellow employer organisation, the National Employers’ Association of South Africa (Neasa), stated that it...
Jul 29, 2014
Updated 2 hours 15 minutes ago Public Enterprises Minister Lynne Brown and Northern Cape Premier Sylvia Lucas have officially opened Transnet’s wagon refurbishment facility. The two officially launched the Transnet Wagons Refurbishing Facility in De Aar on Monday, which will maintain various...
Jul 29, 2014
US President Barack Obama
Updated 3 hours ago US President Barack Obama on Monday gave a preview of a summit he will hold with African leaders next week, saying African nations should look inward for solutions to economic woes and not make "excuses" based on a history of dependence and colonisation. Speaking to...
Jul 29, 2014
Updated 1 hour 43 minutes ago A 1.2 MW solar photovoltaic (PV) plant, positioned on the rooftop of a Cape Town office block, would feed excess electricity into the City of Cape Town’s electrical distribution network. The Black River Park solar project would sell electricity back to the city for...
Jul 29, 2014
Updated 1 hour 32 minutes ago Management, engineering and development consultancy Mott MacDonald said on Tuesday that it was providing the construction and operational monitoring, environmental assessments and independent water compliance auditing for the R1.8-billion Mamba cement plant project....
Jul 29, 2014
Updated 52 minutes ago The first stage of the definitive mining feasibility study (DMFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project (RCPP) would be completed by the end of November, the company reported on Tuesday. Kibo...
Jul 28, 2014
Rob Davies
South Africa will use the upcoming US-Africa Leaders' Summit, which will also encompass the 2014 edition of the Africa Growth and Opportunity Act (Agoa) Forum, to appeal for a 15-year extension of the nonreciprocal trade arrangement, as well as South Africa’s...
Jul 28, 2014
Aluminium products supplier Hulamin, which on Monday reported a 42% year-on-year lift in earnings for the first half of 2014, has revealed that it is preparing an application for reciprocal import tariff protection, which it plans to lodge shortly with the...
 
Jul 29, 2014
Communications Minister Faith Muthambi
Updated 3 hours ago There was nothing wrong with Cabinet members having business interests as long as there was no conflict of interest, Communications Minister Faith Muthambi said. "Government has noted media reports which highlight the private business interests of President Jacob...
Jul 29, 2014
Updated 1 hour 21 minutes ago Paper and packaging group Mondi said on Tuesday that it expects basic earnings a share for the half-year ended June 30 to be between €0.49 and €0.54, remaining largely flat on the €0.49 posted in the first half of the prior year. Similarly, basic headline...
Jul 28, 2014
Exxaro CEO Sipho Nkosi
Black-controlled mining company Exxaro is to acquire the South African coal mines of French petroleum giant Total to create 100% black-owned coal assets. The JSE-listed Exxaro, headed by CEO Sipho Nkosi, has entered into a binding sale and purchase agreement with...
Jul 28, 2014
Already home to the No 1 and No 2 Silo developments, the final phase of the Cape Town-based V&A Waterfront’s Silo district – which would see the addition of the No 3, No 4, No 5 and No 6 Silo projects – was on track for an early 2017 completion, after receiving...
Jul 29, 2014
Updated 5 hours ago This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Jul 28, 2014
Numsa general secretary Irvin Jim
South African engineering union Numsa has agreed to end a four-week strike after accepting a wage increase offer from employers, union leader Irvin Jim said on Monday. Numsa, South Africa's largest union, has accepted a 10% annual pay rise fixed for three years for...
Jul 28, 2014
Trade union Solidarity on Monday accepted the Steel and Engineering Industries Federation of South Africa’s (Seifsa’s) revised wage offer. The three-year wage agreement, settled within the Metal and Engineering Industries Bargaining Council (MEIBC), comprised...
Jul 28, 2014
According to forecasts, electricity demand is expected to increase significantly over the evening peak on Monday owing to cold weather, with “no cushioning” should anything unexpected occur, energy utility Eskom has cautioned. “We urge customers to reduce their...
 
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