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Mar 26, 2015
   
Automotive component manufacturer and distributor Metair had a target to build its vehicle battery production capacity to 50-million batteries a year within the next five years, said MD Theo Loock on Thursday. Current capacity was 11-million batteries a year.
 
Mar 26, 2015
Updated 7 hours ago A senior US embassy official has urged the South African government to address a number of mixed messages on the openness of the country to foreign investment so as to take advantage of a growing appetite among American companies for investments into the country and...
Mar 26, 2015
Eskom CEO Tshediso Matona
Eskom questions why CEO Tshediso Matona's suspension should be lifted before the outcome of his case at the Commission for Conciliation, Mediation, and Arbitration (CCMA), the Labour Court in Johannesburg heard on Thursday. "... This is frustrating the work of the...
Mar 26, 2015
The Economist Corporate Network director Herman Warren
A new survey of 206 African business executives shows that the revenue and profit contribution from the continent is expected to rise materially in the coming five years, while Nigeria’s importance as a primary market is likely to increase and South Africa’s decrease...
Mar 26, 2015
South Africa's Eskom said striking workers had destroyed property at the Medupi power plant it is building and the State-owned utility closed the site on Thursday to assess the damage. Labour disruption and technical faults have increased costs at the long-delayed...
Mar 26, 2015
DA leader Helen Zille
President Jacob Zuma must explain why he instructed Eskom's chairperson to launch an inquiry into the utility's performance, which led to the suspension of top executives, DA leader Helen Zille said on Thursday. "The president's personal intervention begs the...
Mar 26, 2015
Updated 7 hours ago The presidency on Thursday said it would not entertain what it called rumours and gossip about operations at Eskom. "President Jacob Zuma has been kept fully briefed about the developments at Eskom and the attempts being made by the Minister of Public Enterprises, Ms...
Mar 26, 2015
Reserve Bank governor Lesetja Kganyago
The repo rate will remain unchanged at 5.75%, South African Reserve Bank governor Lesetja Kganyago said on Thursday. "Given the uncertainty related to the US policy normalisation and the weak state of the domestic economy, the MPC (monetary policy committee) has...
Mar 26, 2015
Participation as an African partner country, with South Africa, in the international Square Kilometre Array (SKA) radio telescope programme is important to Mozambique, the country’s Vice Minister for Science, Technology, Higher and Professional Education, Leda Hugo,...
 
Mar 26, 2015
Mar 26, 2015
South Africa's Eskom will implement rolling power cuts from 12:00 to 22:00 on Wednesday, the power utility said on its official Twitter page. The state-owned power utility said it would cut 2 000 MW of electricity from the strained grid.
Mar 26, 2015
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A total of 65 Rea Vaya bus drivers were back at work following discussions between the South African Municipal Workers Union (Samwu) and bus operators, the union said on Wednesday. "There was a bargaining council on March 23 [Monday], where parties, being Samwu and...
Mar 26, 2015
The Gauteng Department of Roads and Transport has suspended its transport services Chief Director Loyiso Marasela for alleged financial misconduct, MEC Ismail Vadi told the members of the legislature on Thursday. Vadi said his department has completed two separate...
Mar 26, 2015
Telecoms giant Vodafone has so far not held talks with South Africa over the London-listed firm buying Pretoria's stake in its local subsidiary Vodacom, CE Vittorio Colao said on Wednesday. However, Colao told a news conference in Johannesburg he was open to talks...
Mar 26, 2015
Mar 25, 2015
State-owned implementation agency, the Automotive Industry Development Centre (AIDC), on Wednesday launched construction of its new R80-million incubation centre, located at Nissan South Africa's manufacturing facility, in Rosslyn, north of Pretoria. This would be...
Mar 25, 2015
Eskom chairperson Zola Tsotsi
Eskom board chairperson Zola Tsotsi has not been removed, the power utility said on Wednesday. Eskom media desk was responding to questions on a report that the four executives, suspended earlier this month, were not suspended because they initiated an audit of the...
 
Mar 25, 2015
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