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Jan 28, 2015
   
Updated 7 hours ago Energy and chemicals group Sasol will delay making a final investment decision on a proposed 96 000 bl/d gas-to-liquids (GTL) plant in the US state of Louisiana, as the group announces plans to cut costs in response to lower international oil prices. Sasol on...
 
Jan 28, 2015
Updated 4 hours ago Gauteng will spend more than R94-billion on both social and economic infrastructure projects over the next three years, Finance MEC Barbara Creecy said on Wednesday. “By investing in social and economic infrastructure, including quality public transport,...
Jan 28, 2015
South Africa has lost R700-billion to corruption over the last 20 years, the Institute of Internal Auditors said on Wednesday. "The cost of corruption in the last 20 years... we have lost R700-billion," CEO Claudelle von Eck said at the launch of the...
Jan 28, 2015
Ivan Glasenberg
Updated 3 hours ago Diversified mining major Glencore is considering the closure of some of its coal-mining operations in South Africa, which would reduce its overall South African production by at least five-million saleable tons of coal a year and affect more than 1 000 employees....
Jan 28, 2015
Finance Minister Nhlanhla Nene
Updated 3 hours ago Amid a growing appreciation by government of the challenges and impasses constraining the South African mining sector, consulting group Deloitte believes it unlikely that Finance Minister Nhlanhla Nene will, during his 2015/16 National Budget speech next month,...
Jan 28, 2015
Jan 28, 2015
Updated 5 hours ago Domestic Opel sales grew by 36%, to 3 700 units, last year compared with 2013, says General Motors South Africa (GMSA) operations VP Ian Nicholls. “I would expect to at least double our Opel sales in 2015. That’s the step up you would expect. It’s going to be a big...
Jan 28, 2015
Redefine is building Webber Wentzel Attorney's new headquarters at its 90 Rivonia Road property in Sandton
Updated 4 hours ago JSE-listed real estate investment trust Redefine has concluded an agreement to acquire Leaf Property Fund, which has a portfolio of high-quality commercial property assets in prime locations across South Africa valued at about R3.7-billion. Redefine noted in a...
Jan 28, 2015
Updated 5 hours ago Over a million smart-ID cards have been issued in less than a year, home affairs director general Mkuseli Apleni said on Wednesday. "We are confident of reaching the target of 1.6-million [smart-ID] cards by the end of 2014/15 financial year," he said in a speech...
 
Jan 28, 2015
Updated 3 hours ago 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...
Jan 28, 2015
South African power utility Eskom has funds to pay for diesel to run its turbines until the end of March, averting a crisis that could have seen it lose 5% of its capacity, a government source said. Eskom is currently battling to keep demand from overwhelming its...
Jan 28, 2015
South Africa's State-run power utility Eskom said on Tuesday a pilot pricing project aimed at getting customers to cut their consumption on peak days was showing signs of success. Eskom, which supplies about 95% of the power to Africa's most advanced economy, is...
Jan 28, 2015
IMF MD Christine Lagarde
International Monetary Fund head Christine Lagarde has warned that African economies could be hurt by a slowdown in China's economy and an imminent hike in United States interest rates. Lagarde, speaking on Tuesday on a visit to Rwanda, said IMF's global economic...
Jan 28, 2015
Thabo Kgogo
Updated 3 hours ago 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
Updated 5 hours ago Power utility Eskom halted load shedding at 14:00 on Wednesday, thanking customers for responding to its call to reduce power consumption. "[This] has enabled us to stop load shedding earlier than anticipated," Eskom said in a statement.
Jan 28, 2015
Updated 3 hours ago The South African Renewable Energy Council (Sarec) has welcomed the conclusions of the Council of Scientific and Industrial Research’s (CSIR’s) ‘Financial benefits of renewables in South Africa in 2014’ report, published on January 21. “The results of this study...
Jan 28, 2015
Western Cape Minister of Economic Opportunities Alan Winde
Updated 7 hours ago To prevent the loss of millions of rands in agricultural produce, the Western Cape Department of Agriculture has funded close to R1-million to provide an interim solution to this month’s collapse of a section of one of the canals fed by the Clanwilliam dam. The...
 
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