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Jul 31, 2014
An aloe plant in the foreground as construction gets under way at the Amakhala Emoyeni wind farm project site
   
Work has officially started at Cennergi’s R3.5-billion Amakhala Emoyeni wind farm, located near Bedford, in the Eastern Cape. The 138 MW project was among the 19 renewable-energy and seven wind projects selected following the second bid window under the South...
 
Jul 31, 2014
Steve Binnie
Pulp and paper manufacturer Sappi was headed for a year of profitability as the stronger-than-expected third quarter delivered improved performance within all its operations, barring North America. Despite being a traditionally seasonally weaker quarter, the three...
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,...
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
Minister Malusi Gigaba
The home affairs department will not relax onerous new immigration rules but will fast-track visa centres and biometric-data capturing systems to reduce upheaval, Minister Malusi Gigaba said on Wednesday. Gigaba said spending R5-million on installing biometric...
Jul 31, 2014
South Africa's trade deficit narrowed more than expected to R190-million ($18-million) in June from a revised R7.44-billion shortfall in May, data from the South African Revenue Service showed on Thursday. Economists polled by Reuters had forecast a trade gap of...
Jul 31, 2014
South Africa’s debt market was not expected to be harshly affected by potential further downgrades of the country’s ratings, as investors “understood the South African story” and would widely expect negative ratings announcements, Standard Bank South African...
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
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
South African gas and welding products company Afrox, part of the German Linde group, publicly unveiled its new R14-million high-purity hydrogen and oxygen plant at Pelindaba, west of Pretoria, on Thursday. The new plant uses latest-generation electrolysis...
Jul 31, 2014
Denel Dynamics' Seeker 2
Denel’s Seeker 400 unmanned aerial vehicle (UAV) system has successfully completed the second round of flight tests as part of its development process. The tests, conducted at the Alkantpan range in the Northern Cape, included an evaluation of the system for range...
Jul 31, 2014
A South African court on Thursday ruled it would allow a $7.5-billion class action suit against state logistics firm Transnet on behalf of thousands of retired employees, in what is likely to be the largest such lawsuit in the country's history. The North Gauteng...
Jul 31, 2014
PARKS TAU - City of Joburg plans to alleviate unemployment through SME investment
The City of Johannesburg municipality on Thursday officially presented its Jozi @ Work Developmental Service Delivery Model to the Council Chamber, highlighting its plan to provide small and medium enterprises (SMEs) with developmental services to alleviate...
Jul 31, 2014
Two new proposed changes to South Africa’s Income Tax Act, coming into effect in April 2015, would significantly enhance the attractiveness of the tax incentives available to venture capital investors and stimulate greater levels of investment into small and...
Jul 31, 2014
John Fagan
Bucking a global trend that has seen a number of pharmaceutical firms withdrawing their manufacturing capabilities from emerging countries, Sanofi South Africa told journalists on Thursday that the group was “serious” about maintaining its production facilities...
Jul 31, 2014
Zunaid Bulbulia
Telecommunications giant MTN South Africa CEO Zunaid Bulbulia has been appointed group chief operating executive, effective immediately, the company announced on Thursday. Former MTN Nigeria CEO Ahmad Farroukh would take up the role of CEO of MTN South Africa.
Jul 31, 2014
South Africa’s population is estimated to be at 54-million with the life expectancy of the population at 61-years of age, Statistics South Africa (Stats SA) announced on Thursday. Stats SA released the Mid-year Population Estimates stated that life expectancy has...
 
Jul 31, 2014
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