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Jul 01, 2015
   
The Gibela Rail Transport Consortium (Gibela) reported on Wednesday that it would begin building a
R1-billion factory complex at Dunnottar, in the Gauteng metropolitan area of Ekurhuleni, during the third quarter of 2015. The 85 000m2 factory was being established to...
 
Jul 02, 2015
Finance Minister Nhlanhla Nene
Updated 1 hour 31 minutes ago The National Treasury has set a tax collection target of R1.1-trillion which the South African Revenue Service has to achieve for the 2015-16 fiscal year. SAnews.gov reported that Sars had already received 17 000 tax returns via branches and mobile units across the...
Jul 02, 2015
Updated 1 hour 36 minutes ago An application by Putco to have a new bus operator take over staff affected by its cancelled contracts is expected to be heard by the Johannesburg Labour Court on Thursday. On Tuesday, Putco executive director Thys Heyns said they were asking for the court to give...
Jul 02, 2015
Updated 1 hour 3 minutes ago The tripartite alliance will defend the Congress of South African Trade Union's (Cosatu’s) unity, but the trade union federation needs to sort out its own problems, African National Congress (ANC) secretary general Gwede Mantashe said on Wednesday. “The summit also...
Jul 02, 2015
Updated 10 minutes ago Telkom is hitting back at three unions' bid to halt a retrenchment process at the telecommunications company. In June, Telkom announced that it intends to cut 4 400 jobs through voluntary severance packages or voluntary early retirement packages and that 3 400...
Jul 01, 2015
Finance Minister Nhlanhla Nene
The South African government confirmed on Wednesday that it had sold its 13.91% stake in telecoms group Vodacom to help finance a R23-billion capital injection into embattled State-owned electricity utility Eskom. The shares were sold to the Public Investment...
Jul 01, 2015
Economic Development Minister Ebrahim Patel
Some four years after the signing of the Local Procurement Accord, which sketches government’s intention to achieve a 75% localisation spend in the procurement of goods and services, Economic Development Minister Ebrahim Patel has described government’s greatest...
Jul 01, 2015
US aerospace giant Boeing predicts, in its latest commercial market forecast, that over the next 20 years Africa (excluding Egypt, which the manufacturer includes in the Middle East) will need 1 170 aeroplanes, worth $160-billion. VP: Boeing International - Africa...
Jul 01, 2015
Trade and Industry Deputy Minister Mzwandile Masina
The first leg of one of South Africa’s largest equity equivalent investment programmes (EEIP) aimed at bringing a research hub to the nation’s shores along with enterprise and deep skills development was officially implemented on Wednesday. The launch of an...
 
Jul 01, 2015
Mike Rossouw
The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and...
Jul 01, 2015
Port of Cape Town
Transnet National Ports Authority (TNPA) has selected the V&A Waterfront as the preferred bidder for the development of a cruise terminal at the Port of Cape Town. The V&A Waterfront would invest about R179-million to finance, design and develop the terminal, which...
Jul 01, 2015
Concerns about the size of South Africa’s maize crop remained relevant, given mixed reports received from the various regions, FNB Agriculture head of marketing and agriculture information Dawie Maree said on Wednesday. In its fifth production forecast, the Crop...
Jul 02, 2015
Updated 1 hour 1 minute ago ArcelorMittal, the world's largest producer of steel, will cut 2 800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dumping steel on markets at levels below...
Jul 02, 2015
Updated 33 minutes ago Morocco's Platinum Power, a subsidiary of US private equity firm Brookstone Partners, plans to invest 500-billion CFA francs ($845.87-million) to build a hydroelectric project in Cameroon, the company said. Platinum Power signed a framework public–private partnership...
Jul 02, 2015
Updated 18 minutes ago South Africa will import about 50 000 t of white maize from Mexico, an industry source said on Wednesday, in a bid to bulk up waning stocks as a scorching drought curbed domestic output. The first shipment of the maize will arrive in the country in August with five...
Jul 01, 2015
Speciality chemicals group Lanxess on Wednesday appointed its South African CFO Ben Marais as country representative and MD. Marais, a qualified South African chartered accountant, completed his articles with international accounting firm Deloitte. Over the years, he...
Jul 01, 2015
National carrier South African Airways (SAA) and Air Mauritius have concluded an agreement that will see a broadening of their codeshare agreement to enhance greater connectivity between the continent, South Africa, Mauritius and other intercontinental routes. “The...
 
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