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Nov 21, 2014
Steel among the five resource value-chains being prioritised
   
The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National...
 
Nov 21, 2014
Construction company Group Five says its strategy is strongly focused on expansion in Africa, with selected projects in Russia and Northern America also possibly on the horizon. Outgoing CEO Mike Upton says the South African construction industry saw what appears to...
Nov 21, 2014
Eskom started with scheduled blackouts on Friday afternoon, the power utility said. "Load shedding will continue until 8pm tonight," it said in a short power update.
Nov 21, 2014
South Africa had a moral and business obligation to aide the growth of its neighbours and Zimbabwe was moving to put its best foot forward to ensure it attracted the investment it needed to bolster its industrialisation and development programmes from South Africa....
Nov 21, 2014
Industrialisation remains a major part of the South African developmental agenda and an important vehicle towards achieving the Department of Trade and Industry’s (DTI’s) target of creating 100 black industrialists in the next five years, Trade and Industry...
Nov 21, 2014
South Africa will become the first African country to host the Organisation for Economic Cooperation and Development’s (OECD’s) Steel Committee Conference when the committee’s seventy-seventh session takes place in Cape Town between December 11 and 12. The...
Nov 21, 2014
The construction of a new innovation hub in the heart of the Dube TradePort, in Durban, was set to kick off in March 2016, as Dube TradePort Corporation sealed a R160-million lease agreement with Eureka Capital. Eureka Capital planned to develop a seven-storey 21 500...
Nov 21, 2014
Public confidence in Gauteng tender processes is expected to improve with the newly launched Gauteng Open Tender Process, which will be the piloted by the provincial Department of Roads and Transport. Speaking at the launch of the open tender process in Johannesburg...
Nov 21, 2014
A month before it plans to list on the main board of the JSE, property group, the Pivotal Fund has posted a net asset value per share excluding deferred tax (NAVPS) for the six months ended August 31, of R15.55 – a 5.9% increase on the NAVPS at the end of the...
 
Nov 21, 2014
Russia's second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with US oil major Chevron Corp, part of its push to seek opportunities away from Russia's state-dominated oil sector. "We have decided to enter a joint...
Nov 21, 2014
The African Development Bank (AfDB) has approved a $133-million loan to fund a project aimed at improving access to electricity among poor populations in Kenya's rural areas. Only a third of Kenya's more than 40-million people are connected to the grid, and poor...
Nov 20, 2014
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
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Majuba power station
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
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
Nampak CEO André de Ruyter
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
Finance MEC Barbara Creecy
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
Reserve Bank governor Lesetja Kganyago
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...
 
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