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Mar 27, 2015
   
A challenging construction sector, difficult contractual environment and poor operational performance have contributed to JSE-listed construction company Basil Read reporting an R820.9-million aftertax loss for the year ended December 31, 2014. “Lossmaking contracts...
 
Mar 27, 2015
Talks over a proposed merger between heavyweight South African cement producers Afrisam and PPC have collapsed, after the parties were unable to reach consensus on the terms of the deal. AfriSam made a nonbinding, conditional proposal to PPC on December 10 for a...
Mar 27, 2015
South African Airways (SAA) announced on Friday that it has completed its 90-Day Action Plan. This was launched on December 9 and was intended to enable the full implementation of the airline’s already approved Long Term Turnaround Strategy (LTTS). The airline also...
Mar 27, 2015
Eskom CEO Tshediso Matona
Eskom CEO Tshediso Matona's challenge to his suspension was struck from the roll at the Labour Court in Johannesburg on Friday. "The application is struck from the roll," Judge Benita Whitcher said.
Mar 27, 2015
The Department of Communications (DoC) digital terrestrial television (DTT) project team was accelerating its efforts to “revive” South Africa’s long anticipated transition from analogue to digital broadcasting. After a more than six-year delay, the next few weeks...
Mar 27, 2015
South African utility Eskom fired 1 000 workers at a power plant on Friday and its chief executive failed to overturn his suspension, worsening the turmoil at the company. Africa's most advanced economy is suffering its most severe power shortage since 2008 as...
Mar 27, 2015
A South African court dismissed on Friday an application by Westinghouse Electric Company to re-open the bidding process for a generator contract awarded to French rival Areva, a court official said. Westinghouse, the world's largest nuclear fuel producer and part of...
Mar 27, 2015
President Jacob Zuma has appointed South African Reserve Bank (SARB) adviser and Monetary Policy Committee member Kuben Naidoo as SARB deputy governor, following the promotion of former incumbent Lesetja Kganyago to SARB governor in November. Naidoo, who will take up...
Mar 27, 2015
The petrol price will increase by R1.62/ℓ next week, while diesel would increase by R1.24/ℓ, the Department of Energy (DoE) revealed on Friday. The DoE said the adjustment was based on local and international factors.
 
Mar 27, 2015
The Vans division of Mercedes-Benz will launch a midsize pickup before the end of the decade, the German manufacturer announced on Friday. “The Mercedes-Benz pickup will contribute nicely to our global growth targets,” says Dr Dieter Zetsche, chairperson of the...
Mar 27, 2015
The government of St Helena (SHG) and its Department for International Development (DFID) on Friday appointed airline Comair as the provider of air services to St Helena with the Island’s first airport opening in 2016. Comair would offer a weekly Saturday service,...
Mar 27, 2015
President Jacob Zuma
President Jacob Zuma says the independent commission of inquiry into Eskom should get to the root cause of the problems facing the power utility. In an exclusive interview with the South African Broadcasting Corporation (SABC) on Thursday night, the President spoke...
Mar 27, 2015
There is a high possibility of rolling blackouts on Friday, Eskom said on its Twitter account. "The load shedding prognosis today [Friday] remains high and is dependent on the performance of the power plant," the power utility tweeted.
Mar 27, 2015
The agricultural sector has a key role to play in a green economy, which incorporates both an environmental and social dimension, notes Council for Scientific and Industrial Research (CSIR) senior researcher and/or leader of the Agricultural Green Economy Project Dr...
Mar 27, 2015
Government continues to stress the importance of the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements in an economy that fell short of its growth target in 2014, achieving...
Mar 27, 2015
Paul-Roux de Kock
Residential property prices are forecast to grow at 7.2% this year, on the back of 6.72% growth in 2014.
Mar 27, 2015
JSE-listed Delta Properties received bids of about R523-million for the bookbuild it launched on Tuesday. The company had set out to raise R400-million and accepted bids of R503-million.
 
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