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Nov 28, 2014
WTO director general Roberto Azevêdo
   
Updated 1 hour 42 minutes ago The World Trade Organisation (WTO) on Thursday adopted the Bali trade reform package, putting the organisation’s negotiations back on track, WTO director general Roberto Azevêdo said. The 160 WTO members on Thursday took three decisions –clarifying the Bali Decision...
 
Nov 28, 2014
Updated 3 hours ago There is widespread consensus that the Price Preference System (PPS) –introduced in September 2013 to restrict the export of scrap metal before it had first been offered for sale to the domestic consumers at a 20% discount to an international benchmark price – has...
Nov 28, 2014
Public Enterprises Minister Lynne Brown
Updated 4 hours ago Electricity utility Eskom has indicated that there is a "high risk" of load shedding over the weekend, entrenching a pattern of rotational power cuts that first emerged after a coal silo collapsed at the Majuba power station at the beginning of November. Weekends,...
Nov 28, 2014
Updated 3 hours ago The Department of Agriculture, Forestry and Fisheries (Daff) has unveiled a draft version of the Agriculture Policy Action Plan (Apap), which is aligned with the National Development Plan’s (NDP’s) target of creating one-million agricultural-sector jobs by 2030. The...
Nov 27, 2014
South Africa’s Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene has emphasised the role of the private sector in delivering the 51 Programme for Infrastructure Development in Africa (Pida) projects, collectively valued at $68-billion, being prioritised for implementation by 2020....
Nov 27, 2014
Article contains comments
Solidarity CEO Dirk Hermann
Trade union Solidarity, which has 7 000 members working at Eskom, is urging the State-owned utility to abandon its voluntary-severance offer to employees and focus instead on rebuilding staff morale as part of a broader effort to improve the currently dire outlook...
Nov 27, 2014
Article contains comments
Gibela CEO Marc Granger
Making quick work of its ten-year R51-billion contract to supply South Africa’s Passenger Rail Agency of South Africa (PRASA) with 600 trains, rail company Gibela has unveiled the first completed car body-shell at major shareholder Alstom’s Lapa manufacturing...
Nov 27, 2014
The Central Energy Fund (CEF) has backtracked on its decision to appoint Tshepo Kgadima as a director and chairperson of national oil company PetroSA following the public “controversy” dogging the new appointee. Nonhlanhla Jiyane had now been appointed as interim...
Nov 27, 2014
A roads project on the N4 that took 42 months to complete instead of 30, had cost Esor dearly, said CEO Wessel van Zyl on Thursday as he unveiled the construction group’s financial results for the six months ended August 31 in Johannesburg. The total loss over the...
 
Nov 27, 2014
Gauteng Premier David Makhura
Gauteng premier David Makhura will receive a report from the e-toll review advisory panel on November 30, the provincial government said on Thursday. The media was invited to attend the hand over which would take place in Parktown, Johannesburg, spokesman Mohlalefi...
Nov 27, 2014
Article contains comments
HySA facility at the CSIR
The work of the newly launched Hydrogen South Africa (HySA) Infrastructure facilities located at the Centre for Scientific and Industrial Research (CSIR), in Pretoria, would promote South Africa’s hydrogen economy, as well as the beneficiation of platinum-group...
Nov 28, 2014
Barack Obama
Updated 2 hours 55 minutes ago Barack Obama last year told a cheering crowd in Cape Town that a $7-billion plan to "Power Africa" would double electricity output on the world's poorest continent and bring "light where currently there is darkness". A year later, the US president's flagship project...
Nov 28, 2014
Updated 3 hours ago Plunging world oil prices have dealt a blow to Africa far greater – in purely economic terms – than Ebola, setting back investment in exploration and plans to industrialise. The highest profile victim so far has been Africa's top producer, Nigeria, which was forced...
Nov 28, 2014
Zimbabwe Finance Minister Patrick Chinamasa
Updated 1 hour 46 minutes ago Zimbabwe expects lacklustre economic growth next year, hit by a lack of foreign investment, low commodity prices, a liquidity crunch in the financial sector and weak domestic savings, Finance Minister Patrick Chinamasa said on Thursday. In his 2015 budget to...
Nov 27, 2014
This year, 82 companies met the JSE’s Socially Responsible Index (SRI) requirements relating to environmental, social and governance (ESG) policies and management practices, compared with only 72 companies in 2013, as companies become more aware of how they...
Nov 27, 2014
BP Southern Africa (BPSA) on Thursday announced that it had sold off 25% plus one share of its business to two black economic-empowerment (BEE) partners to “deepen” its equity ownership structure in line with BEE legislation changes. The Kapela BEE consortium, which...
Nov 27, 2014
Following a difficult year of extensive losses and subsequent restructuring, AltX-listed Ansys reversed the downward trend during the first half of 2014 and, with a buoyant order book and optimistic market outlook, the company expected to move back into the black by...
 
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