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Aug 01, 2014
   
Updated 1 hour 26 minutes ago Newly appointed ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty delivered an unambiguous ‘production first’ message in his inaugural interaction with the investment community on Friday, saying his management team was committed to “fill the mills,...
 
Aug 01, 2014
Updated 3 hours ago Steel producer ArcelorMittal South Africa (AMSA) has confirmed that the reline project at its Newcastle mill, in KwaZulu-Natal, has hit snags and that the project, which was initially expected to be completed four months after the May 12 shutdown began, will be...
Aug 01, 2014
Updated 1 hour 55 minutes ago July new vehicle sales declined by 1.5%, to 57 670 units, compared with the same month last year, reported the Department of Trade and Industry on Friday. The South African new passenger car market, at 39 945 units, shrunk by 418 units, or 1%, compared with July last...
Aug 01, 2014
Updated 1 hour 20 minutes ago South Africa is largely considered by its counterparts in the Brazil, Russia, India, China and South Africa (Brics) grouping as being the “pathfinder” on the road to the development of the Brics New Development Bank (NDB), having chaired the coalition since 2013...
Aug 01, 2014
DWS acting director-general Trevor Balzer
Updated 1 hour 23 minutes ago The current review of South Africa’s water legislation could result in the second National Water Resource Strategy (NWRS-2), which was gazetted in August 2013, having to be changed before it’s five-year period expired, Department of Water and Sanitation (DWS)...
Aug 01, 2014
Updated 6 hours ago The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) has contracted for the fourth consecutive month, signalling the manufacturing sector’s continued subpar performance. The index “expectedly” fell from 46.6 in June to 45.9 index points in July,...
Aug 01, 2014
Updated 42 minutes ago While the global economy continues to battle growth headwinds as it slowly emerges from a lingering post-recessionary phase, the greatest inhibitors to South African economic development are largely domestic and within government’s control, Finance Minister...
Aug 01, 2014
Updated 7 hours ago Nampak, Africa's biggest packing firm, is considering doubling the capacity of its Nigerian beverage can factory to meet fast-growing demand in Africa's biggest economy, its chief executive said on Thursday. Johannesburg-based Nampak, a major supplier of plastic milk...
Aug 01, 2014
Updated 2 hours 54 minutes ago Changes had to be made in South Africa’s water and sanitation sector to ensure challenges were resolved effectively, as well as to fast-track the country’s socioeconomic transformation, Water and Sanitation Minister Nomvula Mokonyane told delegates at the 2014...
 
Aug 01, 2014
Trade and Industry Minister Dr Rob Davies
South Africa has been at the centre of exploring trade opportunities between the United States and Africa, Trade and Industry Minister Dr Rob Davies said on Thursday. "We've been the root of exploring the free trade area with the US... and that is a point which is...
Aug 01, 2014
WTO director-general Roberto Azevedo
Updated 3 hours ago The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling. "We have not been able to...
Aug 01, 2014
Updated 1 hour 26 minutes ago The petrol price will remain unchanged in August, the Department of Energy said on Friday. In July, the petrol price saw a 29-cent increase for 93 unleaded petrol (ULP) and lead replacement petrol (LRP), while 95 ULP and LRP increased by 31 cents per litre.
Aug 01, 2014
Public Enterprises Minister Lynne Brown
Updated 7 hours ago Public Enterprises Minister Lynne Brown is to study the Pretoria High Court’s judgement regarding a class action suit against Transnet. This after the high court, on Thursday, granted an order to two pensioners to launch a class action suit on behalf of...
Aug 01, 2014
Updated 1 hour 3 minutes ago Telecommunications group Telkom on Friday announced that, following extensive facilitated consultations and deliberations, management and organised labour had reached consensus that the company’s current restructuring process would proceed.  “The parties have...
Aug 01, 2014
South African missiles, unmanned air vehicles, systems integration and space company Denel Dynamics, part of the State-owned Denel defence industrial group, is most optimistic about its prospects. “The future is looking very exciting,” enthuses Denel Dynamics CEO...
Aug 01, 2014
Updated 6 hours ago Human Settlements Minister Lindiwe Sisulu was considering the formation of a Women Construction Bank to focus on financing women-led cooperatives and construction companies involved in community infrastructure and human settlements projects. Delivering a keynote...
Aug 01, 2014
Updated 1 hour 17 minutes ago The South African Institution of Chemical Engineers (SAIChE) and the Institution of Chemical Engineers (IChemE) have signed a formal collaboration agreement to create joint membership, administrative, professional and strategic development links between the two...
 
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