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Apr 23, 2014
   
Updated 4 hours ago Hino South Africa (SA) will open its new truck plant on May 21. Hino SA is a subsidiary of Toyota South Africa Motors (TSAM). The truck plant has been relocated in a R54-million investment, as TSAM required additional space for production of the Quest Corolla sedan,...
 
Apr 23, 2014
Updated 1 hour 29 minutes ago Nigeria has awarded most of its long-term oil contracts worth an estimated $40-billion a year to local companies, according to a confidential list seen by Reuters, meaning global traders need to partner with them to access crude from Africa's top producer. Global...
Apr 23, 2014
Corruption Watch executive director David Lewis
Updated 5 hours ago Police should probe a tender awarded by the South African Social Security Agency (Sassa) to Cash Paymaster Services (CPS), Corruption Watch said on Tuesday. "Corruption Watch will urge the police to undertake an investigation into allegations of bribery surrounding...
Apr 23, 2014
Updated 2 hours 7 minutes ago A year after six Eastern Cape-based companies were placed at a permanent trade fair in Ningbo, China, for 30 months, significant inroads into the “lucrative Chinese consumer market” have been made, with the companies securing growing orders and distribution...
Apr 23, 2014
Updated 3 hours ago Science and Technology Deputy Minister Michael Masutha has launched the Centre of Excellence (CoE) in Human Development in an attempt to improve research in early childhood development (ECD) and enhance the knowledge available to social policy makers. The initiative...
Apr 23, 2014
Updated 1 hour 52 minutes ago The Johannesburg Stock Exchange (JSE) will start phasing out its current technology in favour of a new multi-asset integrated clearing technology platform. The JSE, which currently uses different clearing technologies for different asset classes, has partnered with...
Apr 18, 2014
Few would argue with the notion that unemployment, which stands at around 25% on the narrow definition as reported by Statistics South Africa, remains one of the country’s most pressing challenges. Fewer still could contest the view that South Africa’s education...
Apr 22, 2014
South Africa increased crude steel production by 21.1% year-on-year in March, producing 615 000 t of the metal and outperforming the global production pace, which increased by 2.7% year-on-year to 141-million tons for the third month of 2014. World Steel Association...
Apr 22, 2014
TNPA CEO Tau Morwe
State-owned Transnet has awarded a R760-million contract to a joint venture comprising Stefanutti Stocks and Axsys for the reconstruction of the steel sheet pile quay walls at Maydon Wharf, in Durban. The contract was signed by Transnet Capital Projects on behalf of...
 
Apr 22, 2014
A recent survey by business advisory firm FTI Consulting has found that merger and acquisition (M&A) activism is on the rise, with the overwhelming majority, or 89%, of leading activist investors surveyed expecting an overall increase in M&A activism this year. The...
Apr 23, 2014
Updated 1 hour 46 minutes ago JSE-listed Sephaku founding member Christiaan Rudolph de Bruin has resigned as a nonexecutive director and a member of the company’s remuneration and nomination committee, effective April 21. De Bruin, along with CEO Dr Lelau Mohuba and David Twist, founded the...
Apr 22, 2014
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Apr 22, 2014
NAIROBI – Kenya will negotiate the import of natural gas from Qatar Gas to fuel a power station it wants built in the Indian Ocean port city of Mombasa, the President's office said on Tuesday. The gas-powered power plant was part of the government's plans to add 5...
Apr 22, 2014
Eastern Cape Economic Development, Environmental Affairs and Tourism MEC Mcebisi Jonas on Tuesday opened the R4-million Ikusasa Green manufacturing plant, in Stutterheim, Eastern Cape. The project was funded by the Eastern Cape Department of Economic Development,...
Apr 22, 2014
JSE- and NYSE-listed Camac Energy on Tuesday expected its Northern Offshore Energy Searcher drillship to arrive at the Oyo oilfield by the end of April as it awaited “imminent” Nigerian Department of Petroleum Resources clearance to enter Nigeria and kick off...
Apr 22, 2014
Engineering solutions provider ELB Group is set to leverage the synergies between it and electrical and instrumentation company B&W Instrumentation and Electrical, the acquisition of which ELB is busy concluding. ELB, which had issued over 1.96-million shares as...
Apr 22, 2014
South Africa-based investment group Sekunjalo Investments on Tuesday reported a 12% increase in headline earnings a share to 3.72c for the six months ended February 28, while revenue for the period was up 7% to R242-million, as a result of the strong operational...
 
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