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Jul 01, 2015
Finance Minister Nhlanhla Nene
The South African government confirmed on Wednesday that it had sold its 13.91% stake in telecoms group Vodacom to help finance a R23-billion capital injection into embattled State-owned electricity utility Eskom. The shares were sold to the Public Investment...
Jul 01, 2015
Updated 1 hour 8 minutes ago The Gibela Rail Transport Consortium (Gibela) reported on Wednesday that it would begin building a
R1-billion factory complex at Dunnottar, in the Gauteng metropolitan area of Ekurhuleni, during the third quarter of 2015. The 85 000m2 factory was being established to...
Jul 01, 2015
Economic Development Minister Ebrahim Patel
Updated 43 minutes ago Some four years after the signing of the Local Procurement Accord, which sketches government’s intention to achieve a 75% localisation spend in the procurement of goods and services, Economic Development Minister Ebrahim Patel has described government’s greatest...
Jul 01, 2015
Updated 2 hours 2 minutes ago US aerospace giant Boeing predicts, in its latest commercial market forecast, that over the next 20 years Africa (excluding Egypt, which the manufacturer includes in the Middle East) will need 1 170 aeroplanes, worth $160-billion. VP: Boeing International - Africa...
Jul 01, 2015
Updated 5 hours ago South African Airways (SAA), the country’s State-owned flag carrier, is not negotiating any sale of shares to anyone else. This was affirmed by SAA acting CEO Nico Bezuidenhout at a media briefing on Tuesday. “There is no discussion with any airline, [Persian] Gulf...
Jul 01, 2015
Trade and Industry Deputy Minister Mzwandile Masina
Updated 4 hours ago The first leg of one of South Africa’s largest equity equivalent investment programmes (EEIP) aimed at bringing a research hub to the nation’s shores along with enterprise and deep skills development was officially implemented on Wednesday. The launch of an...
Jul 01, 2015
Mike Rossouw
Updated 56 minutes ago The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and...
Jul 01, 2015
Updated 4 hours ago The seasonally adjusted manufacturing Purchasing Managers’ Index, compiled by the Bureau for Economic Research (BER), ticked up by 0.6 index points to 51.4 in June. This brought the average for the second quarter to 49.2 index points, slightly below the average of...
Jul 01, 2015
Updated 2 hours 46 minutes ago South Africa's new vehicle sales fell by 4.8% year-on-year to 50 251 units in June, data from the trade department showed on Wednesday. Exports however grew 33.8% year-on-year to 31 422 units, the department said.
Jul 01, 2015
Updated 5 hours ago The Competition Commission has recommended that the Competition Tribunal approve, with conditions, Vodacom’s proposed R7-billion buy-out of Neotel. Post-merger, Vodacom would have sole control over Neotel, which would operate as a wholly owned subsidiary.   The...
Jul 01, 2015
Port of Cape Town
Transnet National Ports Authority (TNPA) has selected the V&A Waterfront as the preferred bidder for the development of a cruise terminal at the Port of Cape Town. The V&A Waterfront would invest about R179-million to finance, design and develop the terminal, which...
Jul 01, 2015
Updated 50 minutes ago Concerns about the size of South Africa’s maize crop remained relevant, given mixed reports received from the various regions, FNB Agriculture head of marketing and agriculture information Dawie Maree said on Wednesday. In its fifth production forecast, the Crop...
Jul 01, 2015
Updated 7 hours ago Some six months after a formal complaint was lodged with the Independent Communications Authority of South Africa (Icasa) by a concerned group of specialist magazine publishers against the South African Post Office (SAPO), the matter is finally to be heard. The...
Jul 01, 2015
Updated 1 hour 6 minutes ago Trade union Solidarity will approach the Labour Court to obtain an urgent interdict against the planned restructuring and retrenchments at State-owned telecommunications giant Telkom. “Telkom is disregarding an agreement on restructuring processes it had concluded...
Jul 01, 2015
Expelled Cosatu general secretary Zwelinzima Vavi
Updated 5 hours ago Nine trade unions loyal to expelled Cosatu general secretary Zwelinzima Vavi have decided they will attend the trade union federation's special national congress later this month, although they are not happy with the agenda. "We shall attend and participate in the...
Jul 01, 2015
Updated 2 hours 44 minutes ago Property management company Citiq on Wednesday launched its R30-million mall-meets-market shopping centre, 27Boxes. The centre, located in Third avenue, in Melville, was built using 102 shipping containers. It hosted about 80 stores selling clothing, décor and art,...
Jul 01, 2015
Updated 48 minutes ago National carrier South African Airways (SAA) and Air Mauritius have concluded an agreement that will see a broadening of their codeshare agreement to enhance greater connectivity between the continent, South Africa, Mauritius and other intercontinental routes. “The...
Jul 01, 2015
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Jun 30, 2015
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