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Nov 28, 2014
   
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
Article contains comments
Public Enterprises Minister Lynne Brown
Electricity utility Eskom confirmed on Friday that it would implement rotational load shedding in stage 2 (about 2 000 MW) over the weekend of November 29 and 30, entrenching a pattern of rotational power cuts that first emerged after a coal silo collapsed at the...
Nov 28, 2014
The Department of Water and Sanitation (DWS) has set aside an estimated R10-billion to mitigate acid mine drainage in the Witwatersrand goldfields. In a statement issued following a meeting between Water and Sanitation Minister Nomvula Mokonyane and mining experts on...
Nov 28, 2014
Themba Mkhwanazi
Anglo American Inyosi Coal and Eskom “are broadly aligned” regarding Eskom’s empowerment imperatives for the New Largo project, Anglo American coal business in South Africa CEO and Anglo American Inyosi Coal chairperson Themba Mkhwanazi reported on Friday. In a...
Nov 28, 2014
South Africa’s National Treasury on Friday reissued its amended request for proposal (RFP) for the five-year multibillion-rand project to replace the legacy systems currently in use with an enterprise resource planning (ERP) solution for an integrated financial...
Nov 28, 2014
Telecommunications and Postal Services Minister Siyabonga Cwele was considering extending the consultation and comment process for its information and communication technology policy review following requests from industry stakeholders, he told delegates at a South...
Nov 28, 2014
In a move likely to hearten Gauteng commuters who spend rush hour stuck behind big trucks, Transport Minister Dipuo Peters on Friday said her department was looking at restricting heavy vehicles during these times. "The department is considering some form of...
Nov 28, 2014
JSE-listed Afrox on Friday announced cost reduction plans to improve its financial position following a decline in profit and earnings during the six months ended June 30. A “challenging trading environment” led to a 4.5% fall in profit to R169-million and a 10.2%...
Nov 28, 2014
WTO director general Roberto Azevêdo
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
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 28, 2014
The retail price of 95-grade petrol in South Africa will drop by 69 cents or 5.2% a litre from next Wednesday, while wholesale diesel will decrease by 4.6%, local radio said on Friday. Petrol will cost R12.47 ($1.13) a litre while the wholesale diesel price will be...
Nov 28, 2014
The deficit on South Africa's trade account widened sharply to R21.33-billion ($1.9-billion) in October, from a revised R3.04-billion shortfall in September, data from the revenue service showed on Friday. Exports fell 1.8% to 89-billion rand, while imports jumped...
Nov 28, 2014
Systems Automation and Management Durban manager Weyers van der Merwe, Richards Bay dry bulk terminal manager Mandla Mpungose and Umfolozi TVET college principal Sam Zungu.
The handover of specialised computer equipment to the Umfolozi Technical and Vocational Education and Training College would address one of the greatest challenges faced by Transnet Port Terminals (TPT) at the Port of Richards Bay – a lack of skills in a highly...
Nov 28, 2014
Through hosting the WorldSkills 2014 competition’s mechatronic pre-national finals, industrial control and automation company Festo would promote and support skills development. Festo said the mechatronic competition would give schoolchildren, trainees and students...
Nov 28, 2014
Kenya Power plans to spend 8.7-billion shillings ($96.6-million) on new power distribution stations to improve electricity supply aimed at curbing chronic power shortages that companies say have discouraged investments. Kenya Power, the country's main electricity...
Nov 28, 2014
Barack Obama
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
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
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