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Feb 11, 2016
Incoming joint Sasol CEO Bongani Nqwababa
   
Updated 1 hour 15 minutes ago Incoming joint Sasol CEO Bongani Nqwababa believes “simplistic” correlations of the company’s performance to the oil price will become less relevant in coming years as the revenue and profit contribution of its chemicals business rises in line with its large North...
 
Feb 11, 2016
Updated 1 hour 24 minutes ago Despite ending the year better than expected, South Africa’s manufacturing production prospects for 2016 remained “dim”, stated BNP Paribas securities economist Jeffrey Schultz on Thursday. Manufacturing production ticked up 0.4% year-on-year in December 2015,...
Feb 11, 2016
Updated 4 hours ago South Africa’s current strained trade conditions “closely resembled” the conditions experienced post the financial recession in 2007/8, the South African Chamber of Commerce and Industry’s (Sacci’s) latest survey found. The January edition of the Trade Conditions...
Feb 11, 2016
DTBSA executive director Kobus van Zyl
Updated 2 hours 45 minutes ago Daimler Trucks & Buses Southern Africa (DTBSA) announced on Thursday that it had expanded its area of responsibility from South Africa, Lesotho, Botswana, Namibia and Lesotho, to also include Malawi, Mozambique, Zimbabwe and Zambia, through the formation of the...
Feb 11, 2016
Updated 2 hours 6 minutes ago Cement and concrete manufacturer Lafarge South Africa has confirmed that about 800 of its employees will embark on a protected strike on Thursday evening. Following extensive negotiations, the company and the National Union of Mineworkers (NUM), had not been able to...
Feb 11, 2016
Updated 4 hours ago JSE-listed ceramic tiles manufacturer Italtile has reported a systemwide turnover increase of 13% to R3.08-billion, while same-store revenue improved by 11% in its financial overview of the six months ended December 31, 2015. During the period, six new TopT stores...
Feb 11, 2016
Updated 6 hours ago JSE-listed Accentuate on Thursday renewed its cautionary after confirming suspicions of alleged fraudulent activities at one of its subsidiaries. While investigations were still ongoing into “suspicious activities” at subsidiary Floorworx Africa, Accentuate assured...
Feb 11, 2016
Little Foot
Updated 4 hours ago Two new specimen have been found in a chamber at the Sterkfontein Caves, Witwatersrand University said on Thursday. The specimen, a finger bone and a molar, are part of a set of four specimens associated with early stone tools dated to 2.18-million years ago, the...
Feb 10, 2016
With confirmation that government and the steel industry are close to finalising a package of measures designed to preserve the future of the embattled primary steel sector, there are concerns that domestic steel consuming industries could be squeezed between...
 
Feb 11, 2016
Zambia's economy is expected to expand by 3.7% this year, largely stable from last year but could grow more than four% in 2017, the deputy finance minister said on Wednesday. An electricity shortage in Africa's no 2 copper producer has stunted the mining sector,...
Feb 11, 2016
Globally, governments have taken steps to ensure that consumption taxes on crossborder transactions, including electronic services to private consumers, are paid in the country where the services are consumed. According to a report released on Thursday by advisory...
Feb 10, 2016
Steel producer Evraz Highveld Steel and Vanadium announced on Wednesday that the Department of Labour had put a “pause” to Training Layoff Scheme (TLS) payments in response to confirmation that the proposed sale of the business to International Resources Limited...
Feb 11, 2016
Updated 4 hours ago Following six years of negotiations between governments, the aviation industry and environmental group observers, the International Civil Aviation Organisation (Icao) has designed the world’s first carbon dioxide (CO2) efficiency standard for aircraft. The standard,...
Feb 11, 2016
President Jacob Zuma
Updated 7 hours ago The rand weakened slightly to R15.92 at 09:55 ahead of President Jacob Zuma’s State of the Nation speech on Thursday, which will be watched closely by local investors hoping for a sign that the country can stave off a credit rating downgrade to “junk status”. “While...
Feb 11, 2016
Feb 11, 2016
Feb 10, 2016
About 2 000 workers at LafargeHolcim's South African unit will on Thursday launch an open-ended strike over pay, a labour union said on Wednesday. "The industrial strike would encompass the entire workforce and it will be a total withdrawal of labour by our members...
 
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