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Jul 31, 2015
   
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
 
Jul 31, 2015
Jul 31, 2015
Cabinet ministers are reviewing their decision to grant Eskom the ownership and operational rights of the proposed nuclear build programme, said the energy department's Deputy Director General Zizamele Mbambo. Mbambo, addressing a  seminar on South Africa’s nuclear...
Jul 31, 2015
Daimler truck test engineer Dirk Stranz pushes one button and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.” It is unsettling to see the steering wheel move unaided as the truck gently...
Jul 31, 2015
Telecommunications group Telkom on Friday said it had posted a 1.7% uptick in net revenue for the three months to June 30, on the back of a strong performance by mobile on data revenue and higher fixed-line subscription revenue. Mobile net revenue for the first three...
Jul 31, 2015
Africa’s universities and scholars need to take centre stage in the ‘Africa Rising’ narrative, embracing an important role in the development of the African Agenda. This was the message Gauteng Premier David Makhura imparted to delegates at the inaugural two-day...
Jul 31, 2015
The mass exit of thousands of Telkom employees came as no surprise, trade union Solidarity said this week. Nearly 2 400 employees had opted for Telkom’s voluntary severance packages (VSPs) and officially parted ways with the embattled company on Friday.
Jul 31, 2015
Former PRASA CEO Lucky Montana
Former Passenger Rail Agency of South Africa (PRASA) boss Lucky Montana on Thursday laid fraud charges against two executives and a board member of the state-owned company, as well as two directors of a private security company. The charges were laid at the Hillbrow...
Jul 31, 2015
A new direct MyCiti route from Dunoon to Century City through the Omuramba station, in Cape Town, will be opened on August 1, along with six new stations. The City of Cape Town’s bus rapid transit system’s T04 trunk route would culminate in the public transport...
 
Jul 31, 2015
South Africa's trade surplus widened to R5.80-billion ($457-million) in June from a revised R4.94-billion in May, the national revenue agency said on Friday. Exports increased by 1.6% to R90.3-billion, while imports were up 0.7% to R84.5-billion on a month-on-month...
Jul 31, 2015
The petrol price will come down by 51c as of next week, said the Department of Energy on Friday. According to the department, the price of Diesel 0.05% Sulphur will decrease by 75 cents while that of Diesel 0.005% Sulphur will decrease by 73c.
Jul 31, 2015
More than 10% of South Africans “live in extreme poverty” on less than R16 a day‚ according to an Oxfam report to be released on Friday. “South Africa faces the triple challenge of poverty‚ inequality and unemployment‚” the Oxfam report said.
Jul 31, 2015
JSE-listed Aveng has appointed McDermott International commercial senior VP Scott Cummins as CEO of its Asia and the Pacific subsidiary McConnell Dowell, effective October 1. Cummins would succeed outgoing CEO David Robinson, who was retiring this year, but would...
Jul 31, 2015
Opencast mining contractor and construction materials supplier Buildmax has successfully restructured the debt-funding model of its subsidiary Diesel Power. Major lenders Absa, Nedbank and Standard Bank have agreed to reschedule the company’s asset-based funding...
Jul 31, 2015
JSE-listed RCL Foods, through a shareholding in Hudani Manji Holdings (HMH), intends to enter the East African region with an “established reputable partner”, creating one of the largest processors and marketers of chicken in both Uganda and East Africa. The...
Jul 31, 2015
JSE-listed Accelerate Property Fund has raised R500-million in an accelerated bookbuild, through the placing of 76.5-million new shares at R6.53 apiece. The proceeds would be used to reduce a portion of the company’s acquisition debt, including for the acquisition of...
Jul 31, 2015
Plane debris washed up on the French island of Reunion in the Indian Ocean is almost certainly part of a Boeing 777, a Malaysian official and aviation experts said, potentially the biggest breakthrough in the search for missing Flight MH370. Malaysian investigators...
 
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