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Aug 04, 2015
Coal mine into business rescue
   
Updated 1 hour 11 minutes ago Business rescue proceedings are to begin at both Optimum Coal Holdings and Optimum Coal Mine after attempts to renegotiate a 22-year-old lossmaking supply agreement with Eskom ended in the State electricity utility asserting its rights to past and future penalty...
 
Aug 03, 2015
State-owned freight logistics group Transnet says it will begin executing its ‘Africa Strategy’ during the current financial year, having already grown cross-border revenues from R1.5-billion in 2013/14 to R2.6-billion in 2014/15. The company on Monday distributed...
Aug 04, 2015
Updated 3 hours ago Management instability continues unabated at South African Airways (SAA) where the human resources GM Thuli Mpshe has now been appointed to run the airline on a temporary basis and a dispute rages over the validity of the renewed contract of CFO Wolf Meyer‚ Business...
Aug 04, 2015
Updated 2 hours 26 minutes ago The Democratic Alliance (DA) has come out in support of an independent inquiry into the management of the Department of Telecommunications and Postal Services (DTPS). Telecommunications and Postal Services Minister Dr Siyabonga Cwele and the Public Service Commission...
Aug 04, 2015
Updated 2 hours 45 minutes ago The Opposition to Urban Tolling Alliance (Outa) has derided Minister of Transport Dipuo Peters’ report on statistics showing an increase in e-toll collections. According to Outa, Peters' comparison of e-toll collections for May and June with the preceding seven...
Aug 03, 2015
The seasonally adjusted Barclays Purchasing Managers’ Index (PMI) remained unchanged at 51.4 index points in July, following a strong gain, albeit from very depressed levels in May, and a further rise in June. Barclays Africa economist Miyelani Maluleke explained...
Aug 04, 2015
Updated 1 hour 44 minutes ago The ailing Free State dairy industry received a breather from a milk broker who agreed to buy from regional farmers, following the closure of the 27-year-old Montic Clocolan milk depot. Martin Swanepoel, CEO of Montic holding company Sontic, told Fin24 that the...
Aug 03, 2015
New-vehicle sales in July declined by 6.1%, to 54 112 units, compared with the same month last year. Sales numbers released by the Department of Trade and Industry on Monday, showed that new passenger car sales plummeted by 8.8% in June, to 36 506 units.
Aug 03, 2015
Trade and Industry Minister Rob Davies
South Africa should raise the economic growth rate and promote inclusive growth to win the fight against poverty, inequality and unemployment, Trade and Industry Minister Rob Davies said. “For us as a country, industrialisation is fundamental and we need to move-up...
 
Aug 03, 2015
Sanral CEO Nazir Alli
State-owned South African National Roads Agency Limited (Sanral) is undertaking 32 projects, totalling R2.2-billion, in the Eastern Cape, this year.
Aug 03, 2015
One of South Africa’s most dangerous roads, the Moloto Road which runs north of Pretoria and passes through three provinces, has been incorporated into the South African National Roads Agency (Sanral) road network. The government gazette announcing the incorporation...
Aug 03, 2015
American Eagle gold coins
Eagle gold bullion coin sales were up fourfold-plus in the US in July and gold volumes up twofold-plus on the Shanghai Gold Exchange, Mitsubishi Corporation International noted on Monday. Last month the US Mint sold 170 000 oz, the highest number of coins in more...
Aug 03, 2015
Hong Kong-listed Shanghai Zendai – the group that plans to develop its expansive Modderfontein-based property into a 22 km2 mixed-use ‘city’ – has held a series of public consultations to brief the public on its plans for the proposed development, spelling out the...
Aug 03, 2015
The Independent Communications Authority of South Africa (Icasa) on Monday announced that it was “eager” to “reinitiate” the licensing process for the assignment of the high-demand spectrum. Icasa, which was responsible for the allocation of spectrum to broadcasting...
Aug 04, 2015
Us President Barack Obama
Updated 1 hour 1 minute ago Alpha Natural Resources Inc, one of the largest US coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. The move comes as President Barack Obama is expected to unveil tough new measures to cut greenhouse gas emissions from...
Aug 04, 2015
Updated 6 hours ago This eight-page brief is a synopsis of key developments in the electricity industry over the past 12 months, including details of South Africa’s constrained power system; State-owned power utility Eskom’s financial status and tariffs, capacity expansion programme,...
Aug 03, 2015
The Department of Labour (DoL) will on Tuesday start hosting a series of national public hearings to review the farming and forestry sectors’ minimum wages and conditions of employment as prescribed in Sectoral Determination (SD) 13. The department explained in a...
 
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