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Jan 27, 2015
   
Updated 1 hour 39 minutes ago Eskom will implement stage one loadshedding from mid-Tuesday morning, the parastal announced. The utility posted on its Twitter feed shortly after 09:00: "Eskom will implement loadshedding stage 1 from 10:30 today. It is likely to continue until 22:00. We will give...
 
Jan 27, 2015
Updated 1 hour 54 minutes ago South Africa's main agency for settling labour disputes voiced confidence on Monday that it now has more leverage to bring an early end to strikes like those that dragged on for months last year, undermining economic growth. Nerine Kahn, director of the Commission...
Jan 27, 2015
Updated 24 minutes ago After receiving the most number of votes at PPC’s annual general meeting (AGM) on Monday, Tito Mboweni, Charles Naude, Daniel Ufitikizeri, Nicky Goldin, Timothy Leaf-Wright and Peter Nelson have been appointed to the board of the cement group. Shareholders were...
Jan 26, 2015
GE chairperson and CEO Jeffrey Immelt
Troubled South African State power utility Eskom should place emphasis on stability ahead of improvement, GE chairperson and CEO Jeffrey Immelt suggested on Monday. Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, the head of the...
Jan 26, 2015
Tenders are being prepared for two major oil-services infrastructure projects, collectively valued at around R10-billion, for the deep-water Port of Saldanha, on South Africa’s west coast. The developments are being packaged as build, own, operate and transfer...
Jan 26, 2015
WesBank is rather bullish on the 2015 new vehicle market, says the vehicle and asset finance group’s head of research Rudolf Mahoney. He believes it is possible for the domestic new vehicle market to grow by between 3% and 5% in 2015 compared with last year. Also,...
Jan 26, 2015
State-owned power utility Eskom on Monday urged consumers to save electricity as it implemented load shedding, owing to unforeseen technical problems at some of its power stations. The utility on Monday morning announced that it would start stage one load shedding,...
Jan 26, 2015
A debate over the impact on the industry of the local content regulations governing solar water heaters (SWHs) has heated up as the Department of Trade and Industry (DTI) and industry body, the Sustainable Energy Society Southern Africa (Sessa) stand firm on their...
Jan 26, 2015
A Competition Tribunal hearing into alleged cartel activity and price-fixing by several companies in the wire and wire products manufacturing industry was again postponed on Monday pending a decision by the Competition Appeal Court (CAC). Respondents Allens Meshco,...
 
Jan 26, 2015
Consortium China North Rail (CNR) Rolling Stock South Africa (RSSA), led by Chinese locomotive manufacturer CNR Dalian, has ordered 232 MTU Series 4000 engines from Rolls-Royce Power Systems for State-owned Transnet Freight Rail’s (TFR’s) new freight locomotives. The...
Jan 26, 2015
South Africa’s third-largest mobile operator Cell C has made a bid to the South Gauteng High Court to review the Independent Communications Authority of South Africa’s (Icasa’s) promulgation of the much disputed Call Termination Regulations. Cell C CEO Jose Dos...
Jan 26, 2015
Telecommunications giant Vodacom has taken another step towards expanding its fixed-lined capabilities as it moved to build a fibre-to-the-home network. South Africa’s largest mobile operator appointed communication solution provider Alcatel-Lucent to deploy a...
Jan 26, 2015
The share price of cement producer PPC fell by as much as 8.6% on Monday on the news that it expects its headline earnings per share (HEPS) for the six months to end March 31, to be as much as 45% lower than in the comparable period the year before. The company,...
Jan 26, 2015
Former South African Finance Minister Trevor Manuel
SABMiller chairperson John Manser expects Trevor Manuel’s experience in advising multilateral organisations on emerging market development and sustainability to be a “great asset” to the soft drinks and brewing giant’s board. The JSE-listed company announced on...
Jan 26, 2015
A strike is looming at commercial airline Comair, affiliate of Kulula and British Airways airlines, after salary negotiations with its cabin crew failed. Negotiations between Solidarity and Comair started in September 2014, and, in December, the union referred a...
Jan 26, 2015
The public review period for the integrated water use licence application for the proposed construction of a 600 MW coal-fired independent power producer plant and associated infrastructure for Kuyasa Mining subsidiary KiPower will be extended until March 24.
Jan 26, 2015
Assets under management of exchange traded funds (ETFs) will double to at least $5-trillion by 2020, consultant PwC said on Monday, as investors increase exposure to such products given their lower costs than traditional mutual funds. "Institutional investors are...
 
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