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Aug 31, 2015
   
Updated 3 hours ago President Jacob Zuma opened South Africa's first new power plant in 20 years on Sunday with a warning that the country's perennial energy shortages were hampering economic growth. Construction on the six-unit, 4,764 MW Medupi plant near Lephalale, about 350 km north...
 
Aug 31, 2015
Updated 46 minutes ago After recent reports by the Auditor-General and Public Protector pointed to several tender irregularities, as well as fruitless and wasteful expenditure, at the Passenger Rail Agency of South Africa (PRASA), the agency has committed to “taking appropriate steps” to...
Aug 31, 2015
Updated 1 hour 39 minutes ago An investigation is to be launched into allegations of cronyism and corruption within certain Gauteng Department of Infrastructure Development (GDID) programmes. MEC Nandi Mayathula-Khoza, speaking before the Gauteng infrastructure portfolio committee at the...
Aug 31, 2015
Updated 39 minutes ago South Africa's rand traded weaker against the dollar early on Monday after the Federal Reserve's vice chairman suggested over the weekend that the US may raise rates in September. At 0630 GMT the rand eased 0.14% to 13.3275 per dollar, extending losses to a third...
Aug 31, 2015
Updated 1 hour 35 minutes ago With gross domestic product increases of at least fivefold since 2000, Africa’s growth story has been the good news narrative of recent years.
Aug 28, 2015
The first applications for protection on several steel products were approved on Friday, with Trade and Industry Minister Dr Rob Davies confirming that duties across eight tariff subheadings would be increased to the World Trade Organisation bound rate of 10%....
Aug 28, 2015
Article contains comments
Spanish technology group Abengoa has announced that it has been awarded a $25-million contract by South Africa’s State-owned electricity utility Eskom for the construction of two 400 kV transmission lines spanning 174 km. The company, which is building large-scale...
Aug 28, 2015
Neville Nicolau
Construction group Basil Read on Friday reported that it had returned to profit, but CEO Neville Nicolau also noted that cash was tight, and that there were concerns about finding replacement contracts for the large-scale St Helena Airport job. The first commercial...
Aug 31, 2015
Updated 2 hours 1 minute ago Zambia expects slower economic growth and a bigger fiscal deficit this year as weak global demand for copper hits exports, documents released by the Ministry of Finance on Sunday show. Global commodity prices have dropped sharply on concerns that China's economy is...
 
Aug 31, 2015
Updated 1 hour 44 minutes ago Tanzania's main opposition presidential candidate said he would review mining and gas contracts, and also scrap "unnecessary" tax exemptions for mining companies, if elected president of the east African nation in October. Former prime minister Edward Lowassa, 62,...
Aug 31, 2015
Updated 1 hour 53 minutes ago Italian energy group Eni said on Sunday it had discovered the largest known gasfield in the Mediterranean off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come. The Italian major said in a statement the offshore "Zohr"...
Aug 28, 2015
A preliminary investigation by the Railway Safety Regulator (RSR) into the derailment of a Shosholoza Meyl train in Kimberley earlier this month, found that Transnet Freight Rail (TFR) had failed to communicate with the Passenger Rail Agency of South Africa (PRASA)...
Aug 28, 2015
Three of home improvement company Illiad’s major shareholders – Sanlam, Visio and Coronation, which held 69.25% – have agreed to vote in favour of a takeover by Steinhoff, with the company’s remaining shareholders to vote on the deal on September 29. Seventy-five per...
Aug 28, 2015
Article contains comments
Government should face the fact that South Africa’s full-blown jobs crisis is a matter of urgent public importance, the Democratic Alliance (DA) said on Friday. MP James Vos, the DA shadow minister of tourism, was responding to a letter by Baleka Mbete, the Speaker...
Aug 28, 2015
All grades of petrol will cost 69c a litre less from next Wednesday, the Department of Energy announced on Friday. This comes after last month's 51c decrease, adding more relief to motorists.
Aug 28, 2015
To celebrate South Africa’s top researchers’ continued pioneering work in advancing knowledge creation and innovation, the yearly National Research Foundation (NRF) Awards was held in Durban on Thursday. University of Cape Town (UCT) Department of Astronomy Professor...
Aug 28, 2015
State-owned power provider Eskom received the Green Grand Prix Award at this year’s Sunday Times Top Brands Awards for preserving the environment and harnessing the country’s natural resources, based on spontaneous awareness among consumers. The award, which Eskom...
 
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