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Mar 30, 2012

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Africa|Africa|Gill Marcus
Africa|Africa|
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Most economists still do not believe the South African Reserve Bank will move to raise interest rates any time soon. But governor Gill Marcus has cautioned that inflation pressures are becoming more broad-based and could reflect the emergence of demand pressures. How she will balance this threat with the need to sustain growth could be as delicate a procedure as some of the most intricate dishes being prepared on the Masterchef South Africa series.

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Eskom chairperson Zola Tsotsi explained away the situation at the troubled State-owned utility thus, after announcing the suspension of the newly appointed CEO and three other senior executives: “There is no crisis. I’ll say to you what the President said, that there...
Like so many other energy companies, South African energy and chemicals group Sasol has been forced to realign its business to the new oil price reality. It has outlined a R30-billion to R50-billion cash-conservation programme, with capital-expenditure (capex) cuts...
Finance Minister Nhlanhla Nene had little option but to walk the fiscal-consolidation talk when presenting his maiden Budget. However, too little emphasis was given to what could be done (outside of the Budget) to galvanise higher rates of growth, without which the...
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Latest News
Updated 45 minutes ago 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.
Updated 1 hour 36 minutes ago About 1 000 workers at the construction site of South Africa's Eskom Medupi power plant have been fired for vandalising property during this week's one-day strike, the power utility's spokesperson said on Friday. About 21 000 contract workers went on a one-day strike...
Updated 2 hours 16 minutes ago 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...
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This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
RESOURCEFUL The raw material for the pilot plant would be supplied from the dissolving wood pulp plants at Sappi’s Saiccor and Ngodwana mills, in South Africa, and the Cloquet mill, in the US
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments.
 
 
 
 
 
 
 
 
 
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