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Jan 30, 2015
Gauteng Premier David Makhura and JSE CEO Nicky Newton-King after a meeting with JSE-listed companies on Friday
   
Updated 38 minutes ago Gauteng Premier David Makhura has promised to outline a comprehensive energy plan in his upcoming State of the Province address, acknowledging that without direct interventions to bolster security of electricity supply the province’s industrialisation vision could be...
 
Jan 30, 2015
An Airbus A400M (with a Cessna Citation business jet in the foreground)
Updated 1 hour 44 minutes ago Yet further delays in the production and delivery schedules for the Airbus A400M military airlift and air-to-air refuelling aircraft have led to a major shake-up at Airbus Defence and Space, the Airbus Group company responsible for the aeroplane. The changes were...
Jan 30, 2015
Updated 4 hours ago Petrochemicals giant Sasol, which typically incinerates its waste sludge streams or sends them to hazardous waste sites, is increasing its use of composting to treat these streams at its Secunda plant, in Mpumalanga, reducing transportation and disposal costs, as...
Jan 30, 2015
Updated 3 hours ago US energy firm Chevron will shut down its 100 000 bl/d South African oil refinery in Cape Town from February 13 to March 31 for routine maintenance and safety inspections, the company said on Friday. "Chevron has made contingency plans to mitigate potential...
Jan 30, 2015
Updated 3 hours ago Days of rolling blackouts this week have blighted South African society and business, and they face an increasing number of outages in years to come. But the alternative, a grid collapse, could be catastrophic. Bordered by tiny, war-scarred or impoverished states...
Jan 30, 2015
Updated 4 hours ago Governments from Mongolia to Nigeria are creating new forms of insurance to protect the developing world's small farmers, who are suffering especially badly from extreme weather events made worse by global warming, a new study said. Obstacles like poor infrastructure...
Jan 30, 2015
Updated 1 hour 12 minutes ago An 8.5 MW solar field due to be officially launched in Rwanda next week, is set to boost the Central African State’s energy generation capacity by 6%, solar project developer Gigawatt Global has revealed. The landmark $23.7-million project is built on land owned by...
Jan 30, 2015
Updated 2 hours 25 minutes ago Ghana's new oilfields are on schedule to start production next year as development has passed the half-way stage, lead operator Tullow Oil said on Thursday. The offshore Tweneboa, Enyenra and Ntomme (TEN) project, which will have a peak production capacity of 80 000...
Jan 30, 2015
Updated 2 hours 8 minutes ago Kenya's government will inject 500-million shillings ($5.5-million) to bail out cash-strapped Mumias Sugar, Felix Koskei the agriculture minister said. The cash is meant to help turn around struggling Mumias, which accounts for close to a third of Kenya's annual...
 
Jan 29, 2015
Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
Jan 29, 2015
Article contains comments
While South African consumers will get a reprieve on the back of a lower oil price, all the potential benefits could be overshadowed by the nation’s ongoing electricity shortages. A surprise cut to below $50/bl for crude oil would soften the blow of rising costs on...
Jan 29, 2015
IDC CEO Geoffrey Qhena
The Industrial Development Corporation (IDC) has retained Geoffrey Qhena as its CEO for the next five years, the Economic Development department said on Thursday. Qhena was reappointed after steering the IDC to expand its level of investments and enter the green...
Jan 29, 2015
Article contains comments
A trading demonstration has showcased the applicability, functionality, utility and readiness of the well-established, commercial and financial electronic infrastructure provided by private-sector commodity registry Silocerts and the JSE as a potential platform for...
Jan 29, 2015
Article contains comments
Gauteng Finance MEC Barbara Creecy
The Gauteng Provincial Treasury has issued a five-year tender seeking a bank capable of managing the province’s multibillion-rand centralised banking services account, Gauteng Finance MEC Barbara Creecy said on Thursday. The current contract with the Gauteng...
Jan 29, 2015
Law firm Norton Rose Fulbright South Africa director Lizel Oberholzer says the referral back to the National Assembly of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, may potentially result in changes, unrelated to the substantive...
Jan 29, 2015
Afrox expects its earnings before interest, taxes, depreciation and amortisation (Ebitda) before any restructuring costs for the year ended December 31 to be between R792-million and R836-million, 5% to 10% less than the previous year’s R880-million. This decrease,...
Jan 29, 2015
Labour union Solidarity and carrier Comair will again meet at the Commission for Conciliation, Mediation and Arbitration (CCMA) on Monday, after wage negotiations between the parties deadlocked earlier this month. Wage talks between the parties started in September...
 
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