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Mar 06, 2015
   
Updated 1 hour 34 minutes ago Amid an ongoing delay in the promulgation of the Final Position Paper on Biofuels by the Department of Energy (DoE), prospective biodiesel producers have cautioned that continued legislative uncertainty could cripple the fledgling industry. The ‘Regulations regarding...
 
Mar 06, 2015
Updated 54 minutes ago A second full electric vehicle has entered the South African market, following the local debut of the Nissan Leaf in 2013. The BMW i3 BEV sells for R525 000, while the derivative with a range extender, the i3 REx, sells for R595 000.
Mar 06, 2015
Updated 1 hour 54 minutes ago It is imperative for the local industry to strike a healthy balance between international competition and dumping, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has said. A flood of cheap imports; unfair competition from highly...
Mar 06, 2015
Eskom CEO Tshediso Matona
Updated 4 hours ago South Africa's cash-strapped power utility Eskom may sell some of its assets to raise capital as it scrambles to light up Africa's most advanced economy, the company's chief executive said on Thursday. Eskom, which provides virtually all of South Africa's power,...
Mar 06, 2015
Updated 2 hours 54 minutes ago Scheduled blackouts are unlikely to happen on Friday and the weekend, Eskom said. "Our aspiration is not to have loadshedding today and the weekend," spokesperson Khulu Phasiwe said.
Mar 05, 2015
Article contains comments
Areva South Africa MD Dr Yves Guenon
French nuclear vendor Areva says its value proposition for South Africa’s proposed new nuclear build programme remains intact, despite far-reaching restructuring initiatives being undertaken at the troubled State-owned company, which reported a €4.8-billion loss for...
Mar 05, 2015
The $200-million ‘loop line 1’ project to expand the capacity of the gas pipeline from Mozambique to South Africa has been completed, the Republic of Mozambique Pipeline Investments Company (Rompco) has confirmed. Rompco is the gas transport joint venture set up in...
Mar 05, 2015
Johan van Zyl
The closure of any vehicle manufacturer’s operations in South Africa would be “a total disaster”, said Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl on Thursday. He was also the president of the National Association of Automobile Manufacturers...
Mar 06, 2015
Updated 4 hours ago Late last year, the South African electronics industry, the Council for Scientific and Industrial Research (CSIR), the South African National Defence Force, the Air Traffic and Navigation Services and other institutions celebrated the 75th anniversary of radar in...
 
Mar 06, 2015
Updated 3 hours ago Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and logistics hub near the canal to attract foreign...
Mar 06, 2015
Updated 3 hours ago Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue...
Mar 06, 2015
Article contains comments
Updated 4 hours ago South Africa has to secure the future of the local petroleum industry through policy protection, to prevent the market from being flooded by clean fuels imports. The deferment of a clean fuels policy last year had opened a gap for importers and the urgency to...
Mar 05, 2015
Oger Telecom is looking at the possibility of selling its majority stake in Cell C, South Africa's third-largest mobile telecoms network operator, the chairman of the Middle Eastern firm told Reuters on Thursday. Goldman Sachs has been appointed by Oger Telecom to...
Mar 05, 2015
South Africa’s national oil company PetroSA, through its subisidiary PetroSA Ghana, has secured a seven-year $150-million reserve-based lending credit facility with a consortium of banks. PetroSA CFO Lindiwe Bakoro said the company was pleased to close this...
Mar 05, 2015
Article contains comments
Steyn City
The R6.5-billion first phase of Africa’s largest residential development, to date – Steyn City Lifestyle Resort – was launched on Thursday. The 2 000 acre development is located north of Fourways, in Johannesburg.
Mar 05, 2015
Although the low oil price, security threats and political vulnerabilities remain worrying factors for Nigeria’s fiscal outlook, the International Monetary Fund (IMF) has commended the country’s authorities for making progress in promoting economic diversification,...
Mar 05, 2015
Mxolisi Mgojo
Black-controlled coal mining company Exxaro on Thursday confirmed that it has signed a take-or-pay rail contract with the State-owned freight logistics group Transnet Freight Rail (TFR) for the railing of its coal to the Richards Bay Coal Terminal (RBCT) in...
 
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