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Nov 20, 2014
   
Updated 6 hours ago There were signs of progress this week on the long-awaited Tripartite Free Trade Agreement (T-FTA), which has been under discussion between the Common Market of Eastern and Southern Africa, the East African Community and the Southern African Development Community...
 
Nov 20, 2014
Finance MEC Barbara Creecy
Updated 6 hours ago The Gauteng provincial government has narrowed its focus to the acceleration of strategic economic infrastructure developments aimed at catching up to the mass in-migration that is placing the province’s social services under strain. The province on Thursday...
Nov 20, 2014
Nampak CEO André de Ruyter
Updated 6 hours ago JSE-listed Nampak on Thursday announced that it would sell its Corrugated, Sacks and Tissue divisions, to Ethos Private Equity for R1.58-billion, in line with its strategy of focusing on its core product segments of metals, glass and plastic. Nampak noted that the...
Nov 20, 2014
Majuba power station
Updated 6 hours ago Nearly a month after the catastrophic failure of the 10 000 t central coal-storage silo at its Majuba power plant, State-owned power utility Eskom could face the collapse of another silo if urgent action is not taken, Solidarity claimed on Thursday. The...
Nov 20, 2014
Whether or not government takes on a strategic business partner for embattled carrier South African Airways (SAA) remains under discussion, Public Enterprises Minister Lynne Brown said on Thursday. "It will come out in terms of a process that is happening in SAA at...
Nov 20, 2014
Estienne de Klerk
As South Africa’s real estate investment trust (REIT) sector continued to outpace global performance, smaller players are likely to pursue consolidation to gain scale to compete in the sector. Speaking at a South African Council of Shopping Centres-hosted breakfast...
Nov 20, 2014
Reserve Bank governor Lesetja Kganyago
Updated 7 hours ago The repo rate will remain unchanged at 5.75%, South African Reserve Bank governor Lesetja Kganyago said in Pretoria on Thursday. Kganyago, announcing the monetary policy committee's decision for the first time as governor since replacing Gill Marcus, said the...
Nov 20, 2014
Numsa and its seven supporting unions have filed papers in the High Court in Johannesburg in a bid to get Cosatu to hold a special national congress. "We have jointly filed papers with other affiliates to demand convening of the special national congress," Numsa...
Nov 20, 2014
Updated 6 hours ago The Competition Commission would refer a case against Isipani Construction to the Competition Tribunal for its alleged involvement in collusive tendering for the building of the 2010 FIFA World Cup stadia. This followed an investigation of the firms that did not...
 
Nov 20, 2014
Updated 7 hours ago South African Breweries (SAB) would aim to put 5 000 smallholder farmers, to supply its South African operations, into production by 2020, corporate affairs and transformation director Monwabisi Fandeso said on Thursday. He explained that this initiative formed a...
Nov 20, 2014
Deputy President Cyril Ramaphosa
Deputy President Cyril Ramaphosa says the Expanded Public Works Programme (EPWP) has alleviated poverty in those areas where it has been implemented. Responding to questions for oral reply at the National Assembly on Wednesday, the Deputy President said the programme...
Nov 20, 2014
Kenya Power, the country's sole electricity distributor, said on Wednesday it had secured a $190-million loan from Standard Chartered Bank to upgrade its transmission network. East Africa's largest economy is struggling with ageing energy infrastructure and the...
Nov 20, 2014
East Africa's biggest port, Mombasa, expects to handle at least 14% more cargo this year, helped by its expanded capacity and a marketing drive, its management said on Thursday. The Indian Ocean port handles fuel, consumer goods and other imports for Uganda, Burundi,...
Nov 20, 2014
Port operator APM Terminals, a unit of shipping and oil conglomerate AP Moller-Maersk, said on Thursday it had signed a memorandum of understanding with the government in Ghana for an expansion of the Tema Port. APM Terminals said the agreement included a "private...
Nov 20, 2014
Updated 7 hours ago Ethiopian Airlines hopes a decision to open up intra-African aviation routes will be fully implemented in 2015, the airline's chief executive said on Thursday. Many African states adopted the Yamoussoukro Decision in 1999 to open up intra-African aviation routes but...
Nov 20, 2014
China Railway Construction Corp has signed a deal worth nearly $12-billion with Nigeria to build a railway along the West African nation's coast, Chinese state news agency Xinhua said on Thursday. The announcement comes shortly after Mexico abruptly scrapped a...
Nov 20, 2014
Updated 7 hours ago Royal Dutch Shell said on Thursday it had completed the sale of its 30% stake in Nigeria's onshore Oil Mining Lease (OML) 24 in the Eastern Niger Delta to Newcross Exploration and Production for $600-million. French partner Total and Italy's Eni also sold their...
 
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