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Aug 01, 2014
   
Updated 1 hour 22 minutes ago ArcelorMittal South Africa said on Friday its first-half loss narrowed compared to last year but earnings are expected to remain under strain because of weak domestic economic growth and labour disputes. Africa's biggest producer of steel reported a headline loss of...
 
Aug 01, 2014
Trade and Industry Minister Dr Rob Davies
Updated 1 hour 35 minutes ago South Africa has been at the centre of exploring trade opportunities between the United States and Africa, Trade and Industry Minister Dr Rob Davies said on Thursday. "We've been the root of exploring the free trade area with the US... and that is a point which is...
Aug 01, 2014
Updated 1 hour 47 minutes ago South African missiles, unmanned air vehicles, systems integration and space company Denel Dynamics, part of the State-owned Denel defence industrial group, is most optimistic about its prospects. “The future is looking very exciting,” enthuses Denel Dynamics CEO...
Aug 01, 2014
Marc Wainer
Updated 3 minutes ago Redefine Properties CEO Marc Wainer has been appointed executive chairperson, succeeding Dines Gihwala, who resigned in June, citing personal reasons. Redefine FD Andrew Konig has been appointed CEO and a new FD will be recruited in due course.
Aug 01, 2014
Updated 1 hour 19 minutes ago Two non-governmental organisations (NGOs) raised concerns on Thursday about Sanral's application for certain court documents and court hearings to be kept secret. "Our concern is that the degree of secrecy that is being imposed is greater than is necessary to protect...
Aug 01, 2014
Former president Thabo Mbeki
Updated 1 hour 4 minutes ago Former president Thabo Mbeki has suggested that African intelligentsia be brought back into crucial processes, as was the case in the 1960s and 70s, to help with the continent's "pressing strategic" problems. "I would like to suggest that the African intelligentsia...
Jul 31, 2014
Shareholders of JSE-listed real estate investment trusts (REITs) Octodec and Premium Properties have approved the proposed merger of the two companies, creating a combined property fund that will attract a market capitalisation in excess of R5-billion and comprise...
Jul 31, 2014
Independent, black-owned and managed investment holding company Southern Palace Properties has acquired an 8% stake in Growthpoint Properties from the Public Investment Corporation’s (PIC’s) Government Employees Pension Fund (GEPF) for R4.5-billion. Standard Bank...
Jul 31, 2014
An aloe plant in the foreground as construction gets under way at the Amakhala Emoyeni wind farm project site
Work has officially started at Cennergi’s R3.5-billion Amakhala Emoyeni wind farm, located near Bedford, in the Eastern Cape. The 138 MW project was among the 19 renewable-energy and seven wind projects selected following the second bid window under the South...
 
Jul 31, 2014
South Africa’s debt market was not expected to be harshly affected by potential further downgrades of the country’s ratings, as investors “understood the South African story” and would widely expect negative ratings announcements, Standard Bank South African...
Jul 31, 2014
South Africa's trade deficit narrowed more than expected to R190-million ($18-million) in June from a revised R7.44-billion shortfall in May, data from the South African Revenue Service showed on Thursday. Economists polled by Reuters had forecast a trade gap of...
Jul 31, 2014
The Metal and Engineering Industries Bargaining Council (MEIBC) this week called on employees and employers to exercise restraint as the metals and engineering industries resumed operations following a four-week strike, stating that it regretted the strike’s...
Jul 31, 2014
Gauteng MEC for Finance Barbara Creecy on Thursday welcomed the significant improvement of the audit outcomes of municipalities in South Africa’s most populous province. The Auditor-General’s 2013 financial year audit outcomes released on Wednesday showed that,...
Jul 31, 2014
Steve Binnie
Pulp and paper manufacturer Sappi was headed for a year of profitability as the stronger-than-expected third quarter delivered improved performance within all its operations, barring North America. Despite being a traditionally seasonally weaker quarter, the three...
Jul 31, 2014
Zunaid Bulbulia
Telecommunications giant MTN South Africa CEO Zunaid Bulbulia has been appointed group chief operating executive, effective immediately, the company announced on Thursday. Former MTN Nigeria CEO Ahmad Farroukh would take up the role of CEO of MTN South Africa.
Jul 31, 2014
Article contains comments
A South African court on Thursday ruled it would allow a $7.5-billion class action suit against state logistics firm Transnet on behalf of thousands of retired employees, in what is likely to be the largest such lawsuit in the country's history. The North Gauteng...
Jul 31, 2014
John Fagan
Bucking a global trend that has seen a number of pharmaceutical firms withdrawing their manufacturing capabilities from emerging countries, Sanofi South Africa told journalists on Thursday that the group was “serious” about maintaining its production facilities...
 
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