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Sep 18, 2014
Geoffrey Qhena
   
Updated 4 hours ago The detailed feasibility study into a $4.5-billion, two-phase steel project planned for development by the Hebei Iron and Steel Group, of China, and South Africa’s Industrial Development Corporation (IDC) should be completed in the first quarter of 2015, IDC CEO...
 
Sep 18, 2014
Updated 4 hours ago The State-owned Industrial Development Corporation (IDC) put a brave face on a decline in financial disbursements during 2014, but acknowledged that it would not meet the R100-billion, five-year approvals target set for it by government in 2010. The development...
Sep 18, 2014
Lionel October
A leading government official offered German companies – which had collectively invested R25.7-billion into South Africa since the financial crisis alone – an assurance that they had “nothing to fear” as a result of government’s decision to terminate its bilateral...
Sep 18, 2014
President Jacob Zuma
Updated 6 hours ago National government was committed to supporting all struggling municipalities to become functional and efficient, President Jacob Zuma said on Thursday, opening the 2014 Presidential Local Government Summit (PLGS), in Midrand. Also speaking at the PLGS, Cooperative...
Sep 18, 2014
South African aerospace companies Denel Aerostructures (DAe) and Denel Aviation, both part of the State-owned Denel Group, have unveiled a major new project at the Africa Aerospace and Defence 2014 show on Thursday – the South African Regional Aircraft (SARA). This...
Sep 18, 2014
Andrew Etzinger
While energy utility Eskom’s build programme continues at pace – with the first unit (Unit 6) of the long-awaited coal-fired Medupi power station to finally be synchronised to the grid in December – Eskom senior general manager Andrew Etzinger believes this...
Sep 18, 2014
Medupi
Updated 7 hours ago Reiterating that the target date for synchronisation of the first unit at the 4 764 MW coal-fired Medupi power station remained December, Eskom senior general manager Andrew Etzinger has further updated the market on the plant’s progress, saying on Thursday that...
Sep 18, 2014
Gill Marcus
Updated 5 hours ago South Africa's Reserve Bank Governor Gill Marcus left interest rates unchanged at 5.75% on Thursday, as expected, saying the domestic growth outlook had deteriorated further. She then announced she would be stepping down on November 8 at the end of her five-year...
Sep 18, 2014
Henk Langenhoven
Updated 5 hours ago Frequent energy supply shortages and delays in the mitigation of these challenges were likely to change how South Africa was perceived as an investment destination, and would deter potential capital inflows into the country’s steel and manufacturing sectors, Steel...
 
Sep 18, 2014
Updated 4 hours ago Infrastructure development on the continent has gained momentum, with a special office to be set up soon, to champion this cause. Cabinet on Thursday announced that it has approved the establishment of the Project Management Office for the African Union Presidential...
Sep 18, 2014
The National Employers’ Association of South Africa (Neasa) will lodge an urgent application in the Labour Court in Johannesburg to stop the Metal and Engineering Industries Bargaining Council (MEIBC) from requesting Labour Minister Mildred Oliphant to extend the...
Sep 18, 2014
Desmond Tutu
Updated 5 hours ago Archbishop Emeritus Desmond Tutu on Thursday called on delegates attending the upcoming United Nations climate summit in New York to take the first tangible steps to move humanity beyond the fossil fuel era. "We are on the cusp of a global transition to a new safe...
Sep 18, 2014
Updated 5 hours ago The board of directors of JSE-listed Pioneer Foods on Thursday resolved to proceed with the unbundling of Quantum Foods and to list it as a separate entity on the JSE on October 6. Pioneer said it would unbundle the Quantum shares to its ordinary shareholders by way...
Sep 18, 2014
South African company Denel Aviation signed a memorandum of understanding (MoU) with one of the world's top simulation and training companies, Canada's CAE, and its local partner, Elisa, on Thursday, at the African Aerospace and Defence exhibition at Air Force Base...
Sep 18, 2014
JSE-listed African Oxygen (Afrox) has signed a ten-year extension for the supply of 50 t/d of oxygen to steel and steel products manufacturer Scaw Metals Group’s Wadeville works, in Gauteng. Afrox said the new agreement, encompassing previous updates of old...
Sep 18, 2014
Herman Mashaba
Updated 6 hours ago A minimum wage discussion paper released by the Durban Chamber of Commerce and Industry (DCCI) outlined that minimum wage laws posed a significant inflationary risk to the macroeconomy, but acknowledged that sectoral minimum wages might yield positive results. This...
Sep 18, 2014
Updated 4 hours ago Despite apparent legitimate reasoning behind State-owned power utility Eskom’s electricity tariff increases, increased costs would undoubtedly hurt those in the lower portion of South Africa’s income distribution, consulting firm Frost & Sullivan Africa energy and...
 
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