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Aug 04, 2015
Gauteng Finance MEC Barbara Creecy
   
The Gauteng provincial government (GPG) announced on Tuesday that South African banking firm First National Bank (FNB), a division of First Rand Bank, had been reappointed to manage the multibillion-rand centralised banking services account for the province for the...
 
Aug 04, 2015
Trade and Industry Minister Dr Rob Davies
South Africa planned to offer five reasons as to why it should retain its status as an African Growth and Opportunity Act (Agoa) beneficiary during public hearings scheduled for Friday in Washington DC. The US House of Representatives passed a ten-year extension to...
Aug 04, 2015
Clinton Ephron
Financially stricken Optimum Coal has been hit by a double whammy – huge potential penalty claims from State electricity utility Eskom plus a suspension of its mining licence by the Department of Mineral Resources (DMR) for alleged inhumane retrenchment. In the face...
Aug 04, 2015
Engineering and technology specialist Steinmüller Engineering has opened a branch office in South Africa, which will focus on providing services to the power and industrial markets in South Africa and sub-Saharan Africa. The company was formed in Germany in 2003 and,...
Aug 04, 2015
Eskom announced on Tuesday that it would implement stage 2 load-shedding due to a shortage of generation capacity. "Due to increased electricity demand and a shortage of generation capacity due to power station units being on maintenance, Eskom will implement stage 2...
Aug 04, 2015
The Competition Commission on Tuesday approved telecommunications giant Telkom’s buy-out of Business Connexion (BCX) with conditions. The conditions included a price freeze on affected products in the upstream by Telkom, a limit on the number of job losses arising...
Aug 04, 2015
PetroSA CEO Nosizwe Nokwe-Macamo
Western Cape High Court judge Dennis Davis has dismissed with costs an urgent application launched by a suspended PetroSA boss. The company’s suspended chief financial officer Lindiwe Mthimunye-Bakoro brought an urgent application to have two of the company’s board...
Aug 04, 2015
Management instability continues unabated at South African Airways (SAA) where the human resources GM Thuli Mpshe has now been appointed to run the airline on a temporary basis and a dispute rages over the validity of the renewed contract of CFO Wolf Meyer‚ Business...
Aug 04, 2015
Trade union Solidarity is applying for an urgent interdict at the Labour Court against the current retrenchment process at South African Airways (SAA) and SAA Technical (SAAT), as it believes the companies are not following the required procedures as stipulated in...
 
Aug 04, 2015
Concern about the free stake the South African government will take in shale gas projects continues to be the main obstacle to foreign investment in exploration in that field, mineral resources officials told MPs on Tuesday. “The definition of free carry interest in...
Aug 04, 2015
Vacationing was the main reason for tourists to visit South Africa in 2014, with a significant majority of 95.7% of tourists on holiday, while business travel and students made up less than 4% of tourists.
Aug 04, 2015
Global programme management and construction consultancy Turner & Townsend increased its turnover for the financial year to April 30, to R7.2-billion, with turnover in Africa up 3% to more than R290-million. The R7.2-billion was up 11% on the R6.8-billion achieved in...
Aug 04, 2015
Wessel Steffens
The outlook for the new-vehicle market has deteriorated, with new-vehicle sales declining by 2.5% for the first seven months of 2015, compared with same period last year, says Absa Vehicle and Asset Finance managing executive Wessel Steffens. “Economic growth,...
Aug 04, 2015
The Democratic Alliance (DA) has come out in support of an independent inquiry into the management of the Department of Telecommunications and Postal Services (DTPS). Telecommunications and Postal Services Minister Dr Siyabonga Cwele and the Public Service Commission...
Aug 04, 2015
The state of confidence as measured by the Barclays purchasing managers’ index (PMI) in July is heavily distorted by the base effects of the instability in the South African economy, spilling over from the labour unrest in the mining and metals and engineering...
Aug 04, 2015
The Opposition to Urban Tolling Alliance (Outa) has derided Minister of Transport Dipuo Peters’ report on statistics showing an increase in e-toll collections. According to Outa, Peters' comparison of e-toll collections for May and June with the preceding seven...
Aug 04, 2015
An e-toll collection system (ETC) testing phase has commenced on the N3 Toll Route between Durban and Gauteng. N3 Toll Concession marketing manager, Andy Visser, told Fin24 that the testing phase will continue for two to three months.
 
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