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Nov 25, 2014
Eskom CEO Tshediso Matona
   
State-owned electricity utility Eskom is forecasting a dramatic slump in profitability for the full-year to March 31, 2015, with CEO Tshediso Matona indicating that its profit is likely to fall to R500-million in 2014/15 from nearly R7.1-billion in 2013/14. Releasing...
 
Nov 25, 2014
Article contains comments
Medupi project site
Electricity utility Eskom has confirmed a likely further, albeit modest, slippage in the schedule for first synchronisation of Medupi Unit 6, which was scheduled for December 24, 2014. The delay is the latest in several to afflict the project, which has faced...
Nov 25, 2014
South Africa's GDP grew by an annualised 1.4% quarter-on-quarter in the third quarter of 2014, from a revised 0.5% in the second, Statistics South Africa said on Tuesday. Africa's most advanced economy expanded by 1.4% on an unadjusted year-on-year basis in the third...
Nov 25, 2014
Although the year had started off with a lot of promise, the 2014 financial year had proved to be a tough one for most construction companies, PwC partner Andries Rossouw said on Tuesday. He said that, at the start of the year, construction companies had strong order...
Nov 25, 2014
Bill Ford
South Africa remained an important manufacturing and export platform for Ford Motor Company, said executive chairperson Bill Ford in Dubai last week, speaking during a media round table. However, he added that other countries on the continent were “becoming...
Nov 25, 2014
Eskom capital division group executive Dan Marokane
Electricity utility Eskom says it and Anglo American have concluded a Memorandum of Understanding (MoU) that maps out the process to be followed to enable the parties to conclude a final coal-supply contract for the Kusile power station, which is currently being...
Nov 25, 2014
Omnia CEO Rod Humphris
Specialised chemicals provider Omnia was expecting to see financial gains from its new underground charging unit, which enables it to take its emulsion into the underground mining space, during the next financial year, MD Rod Humphris said on Tuesday. Speaking at a...
Nov 25, 2014
Namibia's 885 MW Kudu gas-to-power project is still on track with a final investment decision expected by June 2015, the mines and energy ministry said. Despite objections by an energy lobby group against the generation licence application by the government power...
Nov 25, 2014
South Africa's quarterly business confidence index rose further in the fourth quarter of 2014, climbing back into positive territory for the first time since early last year to reflect an improvement in the economy, a survey showed on Tuesday. The Rand Merchant Bank...
 
Nov 25, 2014
The South African National Accreditation System (Sanas), which operated under the auspices of the Department of Trade and Industry (DTI), is embarking on a drive to develop synergistic accreditation bodies across Africa to bolster international trade. The continent’s...
Nov 25, 2014
South Africa has dropped four places to rank eighty-third in the World Energy Council’s 2014 Energy Trilemma Index as the country’s performance remained stagnant, while other countries such as China and Nigeria improved their rankings. The WEC Energy Trilemma Index...
Nov 25, 2014
Icasa extends submission date for draft radio frequency plan At the request of several operators, the Independent Communications Authority of South Africa (Icasa) on Tuesday said it had extended the deadline for submissions on the draft Radio Frequency Spectrum...
Nov 25, 2014
Article contains comments
The ANC is not in favour of privatising the country's power system, despite problems with parastatal Eskom, secretary general Gwede Mantashe said on Monday. "Electricity remains a public good and therefore, if you totally privatise it, it will have problems,"...
Nov 25, 2014
Acting SAA CEO Nico Bezuidenhout
The South African Airways (SAA) board stood by its appointment of Nico Bezuidenhout as acting chief executive officer (CEO), it said on Tuesday. "The board of South African Airways stands by its decision to appoint Mr Nico Bezuidenhout as acting chief executive...
Nov 25, 2014
Tanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. Cement consumption is viewed as a barometer for construction...
Nov 24, 2014
Creamer Media’s Coal 2014 report examines South Africa’s coal industry amid the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the market, as...
Nov 24, 2014
Increased maintenance costs, poor rolling mill yields and strike action have widened Evraz Highveld Steel’s operating loss, from R149-million in the nine months ended September 30, 2013, to R483-million for the comparative 2014 period. The company added on Monday...
 
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