Telkom CFO resigns, shares drop

JSE-listed Telkom's share price fell by 3% on Tuesday afternoon after it announced that Peter Nelson would resign as its CFO. His resignation will be effective from October 9.

AECI sees improvement in half-year earnings

JSE-listed AECI expects its interim earnings a share and headline earnings a share to be at least 20% higher than those achieved for the first half of 2009, the group reported on Wednesday. This comes as trading conditions continued to improve...

Basil Read's order book at R8,1bn, FY profit jumps

Civil engineering and construction group Basil Read boosted its order book by 29% to R8,1-billion in 2009, while it increased its full-year net profit by 32% to R270-million, the JSE-listed company reported on Thursday. Earnings a share rose by...

New industrial policy plan may target 700 000 new jobs - analyst

The newly approved Industrial Policy Action Plan (Ipap) could seek to create 700 000 new jobs over the next ten years, with one fifth of the jobs focused on the automotive sector, consultancy firm Frost & Sullivan said on Wednesday. Trade and...

Daily podcast – February 12, 2010

An inter-Ministerial committee on energy has been created; and nearly 50% of the Gautrain rapid-rail link's 150 kilometres of track has been laid by the end of January.

Godsell and Ramphele nominated to serve on planning body

Former Eskom chairperson Bobby Godsell and top academic Mamphela Ramphele have been nominated by the Democratic Alliance (DA) to serve on the National Planning Commission (NPC), which would be established in March. The political party said on...

Hudaco says earnings to fall 15% to 22%

JSE-listed industrial product distributor Hudaco expects earnings a share (EPS) and headline EPS for the 2009 financial year to be between 15% and 22% lower than that of 2008, the company said in a revised trading update on Wednesday. In October,...

SA Express unveils plans for new DRC airline

Domestic and regional carrier SA Express will launch a new airline in the Democratic Republic of Congo (DRC) on February 1, the State-owned company announced on Wednesday. Congo Express will be a joint venture between SA Express and BizAfrika,...

SA manufacturing recovery 'well under way' – Kagiso

South Africa's manufacturing industry is catching up with the improved global conditions, Kagiso head of fixed income Andre Coetzee said on Monday, after the purchasing managers index (PMI) increased for the fifth consecutive month. The Kagiso PMI...

Gantsho resigns as Group Five director

Mandla Gantsho has resigned as a nonexecutive director of Group Five effective from January 14, the construction giant said on Monday. Gantsho was appointed to the Group Five board in 2006.