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Aug 01, 2014
   
Updated 2 hours 36 minutes ago The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) has contracted for the fourth consecutive month, signalling the manufacturing sector’s continued subpar performance. The index “expectedly” fell from 46.6 in June to 45.9 index points in July,...
 
Aug 01, 2014
Updated 3 hours ago Nampak, Africa's biggest packing firm, is considering doubling the capacity of its Nigerian beverage can factory to meet fast-growing demand in Africa's biggest economy, its chief executive said on Thursday. Johannesburg-based Nampak, a major supplier of plastic milk...
Aug 01, 2014
Updated 5 hours ago ArcelorMittal South Africa said on Friday its first-half loss narrowed compared to last year but earnings are expected to remain under strain because of weak domestic economic growth and labour disputes. Africa's biggest producer of steel reported a headline loss of...
Aug 01, 2014
Trade and Industry Minister Dr Rob Davies
Updated 5 hours ago South Africa has been at the centre of exploring trade opportunities between the United States and Africa, Trade and Industry Minister Dr Rob Davies said on Thursday. "We've been the root of exploring the free trade area with the US... and that is a point which is...
Aug 01, 2014
Public Enterprises Minister Lynne Brown
Updated 3 hours ago Public Enterprises Minister Lynne Brown is to study the Pretoria High Court’s judgement regarding a class action suit against Transnet. This after the high court, on Thursday, granted an order to two pensioners to launch a class action suit on behalf of...
Aug 01, 2014
Updated 5 hours ago South African missiles, unmanned air vehicles, systems integration and space company Denel Dynamics, part of the State-owned Denel defence industrial group, is most optimistic about its prospects. “The future is looking very exciting,” enthuses Denel Dynamics CEO...
Aug 01, 2014
Updated 2 hours 12 minutes ago Human Settlements Minister Lindiwe Sisulu was considering the formation of a Women Construction Bank to focus on financing women-led cooperatives and construction companies involved in community infrastructure and human settlements projects. Delivering a keynote...
Aug 01, 2014
Updated 5 hours ago Two non-governmental organisations (NGOs) raised concerns on Thursday about Sanral's application for certain court documents and court hearings to be kept secret. "Our concern is that the degree of secrecy that is being imposed is greater than is necessary to protect...
Aug 01, 2014
Updated 2 hours 49 minutes ago National carrier, South African Airways (SAA), is adding more travel options on the African continent. In a statement, on Thursday, SAA said it was increasing flights on the Johannesburg-Lagos route, where it will offer eight frequencies per week effective from 1...
 
Aug 01, 2014
Marc Wainer
Updated 3 hours ago Redefine Properties CEO Marc Wainer has been appointed executive chairperson, succeeding Dines Gihwala, who resigned in June, citing personal reasons. Redefine FD Andrew Konig has been appointed CEO and a new FD will be recruited in due course.
Aug 01, 2014
Former president Thabo Mbeki
Updated 4 hours ago Former president Thabo Mbeki has suggested that African intelligentsia be brought back into crucial processes, as was the case in the 1960s and 70s, to help with the continent's "pressing strategic" problems. "I would like to suggest that the African intelligentsia...
Aug 01, 2014
Updated 1 hour 52 minutes ago Eni on Thursday laid out plans to sell assets, including a multi-billion dollar stake in oil service firm Saipem, and downsize its ailing refinery business to help fund its transformation into a leaner oil and gas outfit. In a strategy update, new Chief Executive...
Aug 01, 2014
Jul 31, 2014
Independent, black-owned and managed investment holding company Southern Palace Properties has acquired an 8% stake in Growthpoint Properties from the Public Investment Corporation’s (PIC’s) Government Employees Pension Fund (GEPF) for R4.5-billion. Standard Bank...
Jul 31, 2014
Shareholders of JSE-listed real estate investment trusts (REITs) Octodec and Premium Properties have approved the proposed merger of the two companies, creating a combined property fund that will attract a market capitalisation in excess of R5-billion and comprise...
Jul 31, 2014
The Metal and Engineering Industries Bargaining Council (MEIBC) this week called on employees and employers to exercise restraint as the metals and engineering industries resumed operations following a four-week strike, stating that it regretted the strike’s...
Jul 31, 2014
Gauteng MEC for Finance Barbara Creecy on Thursday welcomed the significant improvement of the audit outcomes of municipalities in South Africa’s most populous province. The Auditor-General’s 2013 financial year audit outcomes released on Wednesday showed that,...
 
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