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Jul 27, 2015
   
The sharp decline in commodity prices is, on balance, negative for the outlook for the South African rand, new bank research shows, with lower oil prices being more than offset by lower mineral and metals prices. Standard Bank head of South African research Walter de...
 
Jul 27, 2015
Jul 27, 2015
Global steel companies will have to balance efforts focused on globalisation while maintaining an eye on customisation if they are to survive and prosper in a market characterised by excess supply, market concentration and digitalisation, professional services firm...
Jul 27, 2015
Group Five CEO Eric Vemer
JSE-listed construction giant Group Five expected to report double-digit declines in earnings for the financial year to June 30. The company’s headline earnings per share (HEPS) and fully diluted HEPS were expected to be between 45% and 53% lower than the prior year.
Jul 27, 2015
The State-owned Passenger Rail Agency of South Africa (PRASA) on Monday confirmed it had received an official resignation letter from its rail division’s former head of engineering services Daniel Mtimkulu. This followed after Mtimkulu was charged with gross...
Jul 27, 2015
The South Africa truck market may end the year at around 29 000 units, 5% to 7% down on last year’s numbers, says Isuzu Trucks South Africa (ITSA) COO Craig Uren. Around 31 500 trucks were sold locally in 2014.
Jul 27, 2015
Western Cape Economic Opportunities Minister Alan Winde
The Western Cape provincial government is seeking to increase the value of Halal exports by $31-billion by 2020, through a proposed Halal agroprocessing food park that will allow the province to double its share of the “fast-growing” market. The R1-billion park, if...
Jul 27, 2015
DA leader Mmusi Maimane
South Africa is not a failed state as some people are claiming, and it can be changed for the better if the Democratic Alliance (DA) is voted into power, party leader Mmusi Maimane said on Sunday. "South Africa is at a critical juncture in its history. Our economy is...
Jul 27, 2015
Telecommunications group Vodacom on Monday announced the resignation of CFO and executive director Ivan Dittrich, effective July 31. Vodacom South Africa executive director for finance Till Streichert would succeed Dittrich, who was leaving to pursue his own interests.
 
Jul 27, 2015
It is not an easy time to be starting a mine but fortunately zinc is now in fashion because it has been unloved to so long, Vedanta CEO Tom Albanese said on Monday at the first blast of the $630-million Gamsberg zinc project in the Northern Cape. Groundbreaking at...
Jul 27, 2015
As sectors of South Africa’s mining industry “circle the drain”, the Democratic Alliance (DA) has called on government to take certain actions to resolve issues weighing on mining in South Africa and save the industry. DA Mineral Resources Shadow Minister James...
Jul 27, 2015
Supermarket chain Pick n Pay has vowed to create 20 jobs every day through a new 20, 20, 20 by 2020 programme that would also see the firm simultaneously cut energy use and reduce waste. The newly launched “war on waste” campaign would target food waste, energy...
Jul 27, 2015
Gwede Mantashe
The African National Congress (ANC) on Monday called on mine companies to review their plans to cut thousands of jobs as it would worsen the struggling South African economy. “Those companies that are set to retrench, such as Lonmin, are called upon to review their...
Jul 27, 2015
US President Barack Obama
US President Barack Obama on Monday said he was yet to hear a strong factual argument against a nuclear deal with Iran and criticised rhetoric about the agreement from some leading members of the Republican party. Obama, speaking in Ethiopia during a tour of African...
Jul 27, 2015
The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8-billion canal alongside the existing 145-year-old Suez Canal. The new waterway,...
Jul 27, 2015
Boeing Co, which loses about $23-million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium. The strong, lightweight alloy used extensively on the 787 costs...
Jul 27, 2015
South Africa's 45-million barrel strategic crude reserve depot is filled to capacity as oil traders hoping prices will rise in the future snap up storage capacity, two industry sources told Reuters. The State-run Strategic Fuel Fund Association (SFF) operates six...
 
Jul 27, 2015
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