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Oct 30, 2014
   
Updated 18 minutes ago Statistics South Africa (Stats SA) would, in future, focus more strongly on the trends of long-term unemployment in its quarterly labour force surveys (QLFSs), statistician-general Pali Lehola said on Thursday. Releasing the QLFS for the three months ended September...
 
Oct 30, 2014
Outgoing Reserve Bank Governor Gill Marcus
Updated 6 hours ago South Africa's central bank defended its inflation targeting policy on Thursday, saying it had helped reduce price pressures and contributed to more favourable economic growth. Governor Gill Marcus, whose five year term in office will end on Nov. 8, told a conference...
Oct 30, 2014
Updated 6 hours ago Ratings agency Fitch has affirmed energy utility Eskom’s long-term local currency Issuer Default Rating at ‘BBB+’, with a ‘negative’ outlook. Fitch said in a statement that government’s indication of support to the utility through a R350-billion Guarantee Framework...
Oct 30, 2014
Johannesburg CBD
Updated 5 hours ago JSE-listed Octodec’s absorption of Premium Properties provided the scale for the enlarged company to embark on bigger, higher-yielding property developments, attract better financing options and continue its ambitions of revitalising properties within Gauteng’s...
Oct 30, 2014
Updated 5 hours ago AltX-Listed Huge Group on Thursday said it had secured a loan agreement that would enable the funding of the company’s significant growth. In a statement to shareholders, Huge Group said that, following a “high level of interest” from debt finance providers, wholly...
Oct 30, 2014
Updated 5 hours ago The team of engineers that delivered the Jeffreys Bay wind farm have been shortlisted for an international engineering award.  Professional body Engineers Ireland announced the six shortlisted engineering projects in the running for the national title of ‘Engineering...
Oct 30, 2014
Updated 1 hour 9 minutes ago Sasol announced on Thursday that its broad-based black economic empowerment (BBBEE) transaction, Sasol Inzalo, has been partially refinanced, making a significant contribution to reducing its financing costs. The refinancing would see shareholders of Sasol Inzalo...
Oct 30, 2014
Updated 1 hour 18 minutes ago International packaging and paper group Mondi has attracted a long-term credit-rating upgrade from Moody’s Investors Service. In a statement to shareholders on Thursday, the dual-listed group announced the credit rating hike from Baa3 to Baa2.
Oct 30, 2014
Updated 8 minutes ago Plans to increase gross domestic expenditure on research and development (GERD) to 1.5% of gross domestic product by 2019 are yet to be formally adopted, despite the target being incorporated in the draft strategic plan of the Department of Science and Technology...
 
Oct 30, 2014
Small Business Deputy Minister Elizabeth Thabethe
Updated 7 minutes ago South Africans needed to become more entrepreneurial and create their own jobs, instead of expecting government to create jobs or rely on private-sector employment. “We need to become masters of our own destinies,” Small Business Development Deputy Minister Elizabeth...
Oct 30, 2014
Herman Burger, Madeleine du Toit and Corney van Rooyen
Updated 5 hours ago A high-standard technical paper, titled ‘Laser metal deposition microstructure of modified low-C martensitic stainless steel’, has secured two Council for Scientific and Industrial Research (CSIR) metallurgists and a University of Pretoria (UP) professor the...
Oct 30, 2014
Updated 5 hours ago The Paledi Mall, in the Limpopo town of Mankweng, has opened its doors to shoppers after undergoing a R282-million refurbishment. The community shopping centre, which was partly financed by a R125-million loan provided by Nedbank Corporate Property Finance to...
Oct 30, 2014
Updated 1 hour 53 minutes ago Sephaku Holdings, which is in the process of finalising its interim results for the six months ended September 30, expects to swing to a basic loss a share of between 1.9c and 2c for the half-year, from basic earnings a share of 3.32c in the first half of the prior...
Oct 30, 2014
Mossel Bay harbour
Updated 3 hours ago The National Ports Authority (NPA) has taken steps to ensure the Ebola virus disease does not enter South Africa through one of its main harbours, Public Enterprises Minister Lynne Brown revealed on Thursday. "As of September 23, all vessels [from certain countries]...
Oct 29, 2014
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Telecommunications start-up Vumatel on Wednesday announced that the first homes in Parkhurst, Johannesburg, had gone live on its fibre-to-the-home (FTTH) network, providing residents with connection speeds of up to 1 Gb/s. The Vumatel network provided fibre to homes...
Oct 29, 2014
Industry proponents at the Southern Africa Solar Thermal and Electricity Association-hosted concentrated solar power (CSP) leadership dialogue on Wednesday moved to build a case for the application of CSP technology to complement South Africa’s energy mix shift and...
Oct 29, 2014
The Competition Commission has recommended to the Competition Tribunal that it approve integrated telecommunications giant MTN’s proposed acquisition of a 51% stake in internet provider Afrihost. The commission said on Wednesday that the transaction presented...
 
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