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Jan 29, 2015
   
Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
 
Jan 29, 2015
While South African consumers will get a reprieve on the back of a lower oil price, all the potential benefits could be overshadowed by the nation’s ongoing electricity shortages. A surprise cut to below $50/bl for crude oil would soften the blow of rising costs on...
Jan 29, 2015
IDC CEO Geoffrey Qhena
The Industrial Development Corporation (IDC) has retained Geoffrey Qhena as its CEO for the next five years, the Economic Development department said on Thursday. Qhena was reappointed after steering the IDC to expand its level of investments and enter the green...
Jan 29, 2015
A trading demonstration has showcased the applicability, functionality, utility and readiness of the well-established, commercial and financial electronic infrastructure provided by private-sector commodity registry Silocerts and the JSE as a potential platform for...
Jan 29, 2015
Gauteng Finance MEC Barbara Creecy
The Gauteng Provincial Treasury has issued a five-year tender seeking a bank capable of managing the province’s multibillion-rand centralised banking services account, Gauteng Finance MEC Barbara Creecy said on Thursday. The current contract with the Gauteng...
Jan 29, 2015
Law firm Norton Rose Fulbright South Africa director Lizel Oberholzer says the referral back to the National Assembly of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, may potentially result in changes, unrelated to the substantive...
Jan 29, 2015
Afrox expects its earnings before interest, taxes, depreciation and amortisation (Ebitda) before any restructuring costs for the year ended December 31 to be between R792-million and R836-million, 5% to 10% less than the previous year’s R880-million. This decrease,...
Jan 29, 2015
Reserve Bank governor Lesetja Kganyago
The repo rate will remain unchanged at 5.75%, the SA Reserve Bank's monetary policy committee decided on Thursday. The domestic economic outlook remained subdued, Sarb governor Lesetja Kganyago said in Pretoria.
Jan 29, 2015
The chances of power cuts being implemented on Thursday were minimal, electricity supplier Eskom said. "Today's risk of load shedding is minimised, it looks like the system is relatively stable," spokesperson Khulu Phasiwe said.
 
Jan 29, 2015
Global programme management and construction consultancy Turner & Townsend has been contracted to provide project and cost management services for the refurbishment of the existing Grant Thornton Johannesburg office building, including an upgrade to the exterior. The...
Jan 29, 2015
Labour union Solidarity and carrier Comair will again meet at the Commission for Conciliation, Mediation and Arbitration (CCMA) on Monday, after wage negotiations between the parties deadlocked earlier this month. Wage talks between the parties started in September...
Jan 29, 2015
Angola's oil-dependent economy is set to slow this year, key infrastructure projects will be shelved and swathes of social spending are facing the chop as a global crude price slump takes its toll on Africa's second-biggest producer. Angola's cabinet last week sent a...
Jan 29, 2015
Oil producer Soco International has reduced its 2015 capital expenditure budget by more than 60% versus last year and will focus on projects in Vietnam and Africa, the company said. It also cut its production guidance for this year to reflect weaker output from some...
Jan 29, 2015
Bedford Centre parking area
Seven people were wounded during an attempted armed robbery in the Bedford Centre shopping mall, east of Johannesburg on Thursday. According to a South African Police Service spokesperson, the attempt took place at about 11.00. A currently unknown number of suspects...
Jan 29, 2015
Jan 28, 2015
Thabo Kgogo
Dual-listed oil and gas company SacOil has completed Phase 1 of the field development operations at the Lagia oilfield in Sinai, Egypt. The South African-based independent company, through its subsidiary Mena International Petroleum Company, also completed hydraulic...
Jan 28, 2015
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The City of Johannesburg, whose environmental policy innovations include an integrated waste management plan that covers all relevant environmental legislation, has been named the country’s most environment-friendly metropolitan municipality in the Department of...
 
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