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Oct 02, 2014
Finance Minister Nhlanhla Nene
   
Updated 9 minutes ago The Public Investment Corporation (PIC) is to sink $1-billion into African investments and equities, according to Finance Minister Nhlanhla Nene. "The PIC will, in the new financial year, also focus on developmental investments in Africa, with a minimum commitment of...
 
Oct 02, 2014
Updated 2 hours 4 minutes ago The lateral movement in the South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer for August could again point to the possibility that levels of copper theft were stabilising, the chamber noted on Thursday. The Copper Theft Barometer...
Oct 02, 2014
Updated 4 hours ago The Gautrain train service between Hatfield and Park stations resumed operations on Thursday morning following earlier delays due to cable theft, operator Bombela Concession Company said. The train cables had since been replaced, the signals were back in order and...
Oct 02, 2014
Mark Shuttleworth
Updated 3 hours ago The Supreme Court of Appeal (SCA) on Wednesday ordered the South African Reserve Bank (SARB) to repay entrepreneur Mark Shuttleworth R250-million plus interest in a case about exchange controls. In a statement on his website, Shuttleworth pledged to put the money,...
Oct 01, 2014
Article contains comments
Dr Wolsey Barnard
South Africa’s Department of Energy (DoE) denied on Wednesday that its had signed a deal to procure eight VVER nuclear reactors from Rosatom, of Russia, stating that the agreement signed in Vienna on September 22 merely formed part preparations for a procurement...
Oct 01, 2014
Article contains comments
Some concern has been expressed about recent delays to South Africa’s hitherto successful Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), under which 26 projects have already been connected to the grid following three bid windows during...
Oct 02, 2014
Updated 3 hours ago Morocco has secured a $519-million loan from the World Bank to partly finance two solar power plants with a combined capacity of up to 350 MW, the second phase of the 500 MW Ouarzazate project, the bank said in a statement on Wednesday. Results of tenders for...
Oct 01, 2014
Article contains comments
September's bestseller, the Polo Vivo, with 4 263 units sold
Following a slump in new vehicle sales in recent months, September surprised by delivering an 11.5% increase in sales compared with the same month last year. Data released on Wednesday showed that September new vehicle sales improved to 60 854 units, up from 54 571...
Oct 01, 2014
The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
 
Oct 01, 2014
CoAL CEO David Brown
A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly seven-million tons of saleable...
Oct 01, 2014
Private equity investors are increasingly becoming more active in Africa’s bid to narrow the $90-billion a year infrastructure funding gap constraining the continent’s growth. This was according to a survey by the Southern African Venture Capital and Private Equity...
Oct 01, 2014
An undisclosed company has made a play for Blue Label Telecoms, with discussions now under way, the JSE-listed telecommunications group said on Wednesday. In a cautionary announcement to shareholders, Blue Label stated that a nonbinding expression of interest (EoI)...
Oct 01, 2014
Cement production at Sephaku Holdings subsidiary Sephaku Cement’s (SepCem’s) Aganang integrated plant, in the North West, was scheduled to start this month, following the successful start of clinker production in August, the company announced on Wednesday. Further,...
Oct 01, 2014
As Reunert finalises its exit from the telecommunications market, the group has moved to limit the impact on the employees of its ill-fated subsidiary Nashua Mobile. The Competition Tribunal this week approved the sale of Nashua’s subscriber base to mobile operators...
Oct 01, 2014
Article contains comments
Protech Khuthele Holdings on Wednesday said, in a cautionary note to shareholders, that, as the failed company unwound, investigations were ongoing into its affairs. The company provided no indication of the completion date.
Oct 02, 2014
Updated 3 hours ago Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import prices and make the east African trade hub less competitive. The government, keen to see off emerging...
Oct 02, 2014
Updated 3 hours ago An upward revision of Kenya's economic output shows that the country's economic reforms are paying off, with the potential for future growth to exceed 6% a year, an International Monetary Fund (IMF) official said on Wednesday. Kenya announced on Tuesday that last...
 
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