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Nov 26, 2015
Updated 4 hours ago Business confidence has dropped by a full 15 points over the past year to reach its lowest level in five years, the latest Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) has shown. After falling from 43 to 38 in the third...
Nov 26, 2015
Updated 5 hours ago  Rail group Alstom announced on Thursday that it had signed an agreement to purchase 51% of South African rail company Commuter Transport & Locomotive Engineering (CTLE), for an undisclosed amount. CTLE, specialising in the modernisation of trains, was previously...
Nov 26, 2015
Nov 26, 2015
Updated 4 hours ago As Parliament mulls the new regulatory framework to govern South Africa’s financial industry, the sector is preparing for its promulgation; however, it will require a complete “rethink” of the way regulators guide financial institutions. The tabling of the Financial...
Nov 26, 2015
Coal deal described as accretive.
Updated 5 hours ago The share price of Coal of Africa (CoAL) shot up 14.81% in Johannesburg on CoAL’s takeover offer of $91-million for Universal Coal, which has also been pursued by IchorCoal. The deal is to be funded $36.8-million through loan notes, $25.7-million from internal cash...
Nov 26, 2015
Updated 4 hours ago JSE-listed beverage, food and nonperishable packaging manufacturer Nampak’s basic earnings a share rose 3% to 228.3c for the year ended September 30, from 221.7c the year before. The company also reported an increase in group revenue and trading profit of 13%, to...
Nov 26, 2015
Updated 5 hours ago JSE-listed investment holding company Labat Africa has concluded a R560-million subscription and buy-back agreement for the acquisition of a 100% interest in Reinhardt Transport Group (RTG) and its Chrome Carriers subsidiary. The acquisition, which would see...
Nov 26, 2015
Updated 6 hours ago The Presidency on Thursday said that the government was in the process of “finalising” the appointment of a new SAA board. In a statement responding to queries about the role of Deputy President Cyril Ramaphosa in turning around loss-making parastatals, Ronnie...
Nov 26, 2015
Updated 4 hours ago The Brazil, Russia, India, China and South Africa grouping’s New Development Bank (NDB) has announced the allocation of formal responsibilities to the bank’s four VPs. VP Xian Zhu would be responsible for operations, including project lending, operational compliance...
Nov 26, 2015
Updated 7 hours ago Emerging markets face another wave of ratings downgrades next year, with Brazil at risk of a cut to junk and the Africa/Middle East region potentially given a 'negative outlook', Fitch Ratings' top sovereign analyst said in an interview. Depressed commodity prices...
Nov 26, 2015
The new National Skills Authority board
Updated 6 hours ago The National Skills Authority (NSA) would renew efforts to strengthen skills development to ensure a responsive post-school education and training sector in South Africa, acting chairperson Thulani Tshefuta stressed on Thursday. Speaking at the announcement of the...
Nov 26, 2015
UK Chancellor of the Exchequer George Osborne, photographed on Wednesday before delivering his Autumn Statement to the House of Commons
Updated 6 hours ago In his Spending Review and Autumn Statement 2015 on Wednesday, British Chancellor of the Exchequer George Osborne announced that the UK government was “doubling our spending on energy research with a major commitment to small modular nuclear reactors”. In a document...
Nov 26, 2015
Updated 5 hours ago Sixteen South Africans are among New African magazine’s 100 Most Influential Africans, including the country’s students – following the recent ‘feesmustfall’ protests that swept across universities in all provinces. Those listed came from a range of sectors including...
Nov 26, 2015
Lynne Pretorius
Updated 7 hours ago Consulting Engineers South Africa (Cesa) has appointed ITS Engineers director Lynne Pretorius as president for the next two years. “South Africa is on a dynamic trajectory that requires visionary leadership and flexibility from all stakeholders and role-players to...
Nov 26, 2015
Professor Sohail Inayatullah
Updated 5 hours ago Future studies researcher and specialist Professor Sohail Inayatullah will deliver an interactive master class on strategic foresight and strategy development in Johannesburg early next month. The Pakistani-born Australian academic is a fellow of the World Futures...
Nov 26, 2015
Zambia's economic growth will fall below 4% in 2016 due to a combination of domestic and international pressures but expansion in Africa's second-largest copper producer will pick up in subsequent years, the World Bank said on Thursday. "We expect growth to fall...
Nov 26, 2015
Updated 6 hours ago Embattled construction firms, which lost 38% of their aggregate market capitalisation in 2015, are facing more hard times, a survey showed on Thursday. The latest PwC study on the construction industry has shown that the sector is taking strain as it battles lower...
Nov 26, 2015
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