Breaking News
FINANCIAL RESULTS
Barloworld boosts H1 profit, Russia unit robust
South African industrial group Barloworld boosted first-half profit by a third on Monday, as a solid result in its Russian mining equipment business offset slack demand at home.
Barloworld, which also sells cars and forklifts, said headline...
By: Reuters
20 May 13
FINANCIAL RESULTS
Vodacom earnings up, international operations shine
Telecommunications group Vodacom on Monday reported a 4.5% rise in revenue during the year to March 2013, as data take-up accelerated and the JSE-listed group’s international segment maintained strong momentum. The group achieved revenue of...
By: Natasha Odendaal
20 May 13
AUTO INDUSTRY
Mr Delivery opts for three wheels, times 60
Mr Delivery has acquired 60 Mahindra three-wheeler vehicles, fitted with specially designed, lockable canopies, to service a new contract for the Pick n Pay Online Shopping delivery service, which operates from a number of hubs in the country. The...
By: Irma Venter
20 May 13
corporate activity
Altron offers to buy out Altech minority shareholders
South Africa's Allied Electronics (Altron) said on Friday it had made a firm offer to acquire all of the share capital in Allied Technologies Limited (Altech) it does not already own.
Altron said in a statement it would make a cash offer of...
By: Reuters
17 May 13
CONSTRUCTION MATERIALS
Cement majors fund newly formed Concrete Institute
Following the closure of the Cement & Concrete Institute (C&CI) in April, owing to the withdrawal of funding, major South African cement producers AfriSam, Lafarge and Sephaku have announced the establishment of a new agency, which will offer...
By: Natalie Greve
17 May 13
TOLL ROADS
No proper decision on winelands toll, court told
Sanral's public notice on the Winelands tolling project was unlawful because the national roads agency never took a proper board decision committing to the project, the Western Cape High Court heard on Friday.
Geoff Budlender, for the City of Cape...
By: Sapa
17 May 13
Obituary
Revolutionary in the Rolls
On Tuesday April 23 a helicopter crash in Mpumalanga claimed four lives, including that of Lance Cooper.
Cooper was better known in the business world as the former CEO of York Timbers, a giant in the timber industry, and one of the youngest CEOs...
AIRPORTS
Cabinet approves Acsa MD appointment
As part of a recently approved ten-year plan for State-owned Airports Company South Africa (Acsa), Cabinet this week approved the appointment of acting MD Bongani Maseko as the group’s permanent MD. He was appointed acting MD in 2011 after...
By: Natalie Greve
17 May 13
PEOPLE
Infrasors CEO Robinson steps down
JSE-listed Infrasors Holdings has announced the resignation of CEO Trevor Robinson, with effect from May 31. Robinson headed up the South African resources company since September 27, 2009.
By: Natalie Greve
17 May 13
MERGERS & ACQUISTIONS
Alert Steel sale conditionally approved
The Competition Commission has conditionally approved the sale of Nedbank- and Capital Africa Steel- (CAS-) owned shares in struggling Alert Steel to Cannistraro Investments, the AltX-listed steel retailer said on Friday. The transaction, in which...
By: Natasha Odendaal
17 May 13
TRADING
Eqstra buys back 8m shares
Contract mining and equipment group Eqstra Holdings spent R49.8-million from April 30 to May 6 to buy back almost eight-million shares. The firm had since delisted all 7 985 504 shares on the JSE, reducing the shares in issue by 1.9% to...
By: Natasha Odendaal
17 May 13
aviation
The resolution of the Boeing 787 Dreamliner battery crisis
On August 26, 2011, the then Administrator (head) of the US Federal Aviation Administration (FAA), J Randolph Babbitt, gave a speech in Everett, Washington state. He described the occasion as “momentous . . . for the economy and for the global...
By: Keith Campbell
17 May 13
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Second Take: SA radio astronomy developments 
Real Economy Report
Data to make up 30% of Vodacom’s revenue in 3...
Vodacom earnings up, international operations...
Second Take: Boeing 787 Dreamliner battery crisis
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