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FDI
SA a promising investment destination – WEF participants
South Africa is a promising investment destination, business executives from companies from around the world said on the sidelines of the World Economic Forum (WEF) on Africa, which ends today in the city. “The (African) continent and...
10 May 13
MINING & ENERGY
Amplats considers introducing solar power at mines
Platinum producer Anglo American Platinum (Amplats) has called for expressions of interests (EoI) from independent power producers for the supply of electric power for its operations.
The company, which aimed to enter into a long-term power...
By: Natasha Odendaal
10 May 13
ECONOMIC GROWTH
Kaberuka urges sub-Saharan Africa to push GDP growth to 10%
Sub-Saharan Africa has been growing steadily over the past few years, but needs to push up its growth rate to 10%, African Development Bank (AfDB) president Donald Kaberuka believes. He told a seminar at the University of Cape Town (UCT) that...
By: Kim Cloete
10 May 13
POWER
Kenya's government rejects 200% rise in power tariffs
Kenya's government has rejected a proposal by state-controlled power distributor Kenya Power to triple a fixed monthly charge paid by industries, saying the move would hurt the ability of Kenyan businesses to compete. Businesses had long...
By: Reuters
10 May 13
STEEL
Mittal expects Q2 turnaround from fire-afflicted start to 2013
JSE-listed steel producer ArcelorMittal South Africa (Mittal), which declared force majeure in February after a fire at its Vanderbijlpark facility, said on Friday that it expected to turn around its first quarter loss and report “positive...
By: Terence Creamer
10 May 13
AGRICULTURE
New $25m fund launched to grow African agriculture
A mango project in Burkina Faso exporting to Europe will receive the first grant from a new $25-million agriculture fund launched on Thursday that is designed to connect small farmers to international markets. With global food demand expected to...
By: Reuters
10 May 13
INFRASTRUCTURE
R30bn for Johannesburg infrastructure
The City of Johannesburg has budgeted R30-billion for infrastructure development for the next three years, mayor Parks Tau said on Thursday. This would form part of an ambitious public transportation development programme dubbed "freedom...
By: Sapa
10 May 13
SKILLS SCHOOL
Government to establish its own school
Government will establish its own government school in order to improve skills, ethics and professionalism in the public sector, Public Service and Administration Minister Lindiwe Sisulu said on Thursday. "This school will educate, train,...
By: Sapa
10 May 13
ENERGY EFFICIENCY
SA industry finally grasping energy efficiency nettle, but constraints remain
Industrial energy efficiency projects are steadily being implemented in South Africa to combat price and security-of-supply pressures, but financial constraints, including funding and internal resources, remain barriers to a more broad-based...
By: Schalk Burger
10 May 13
NUCLEAR ENERGY
‘We are nowhere near advertising the nuclear tender’
South Africa’s Energy Minister Dipuo Peters has again stressed South Africa’s phased approached to making a decision on new nuclear capacity – an approach guided by a desire to mitigate the risks and manximise benefits to the country.
Her...
By: Terence Creamer
09 May 13
YOUTH DEVELOPMENT
NYDA welcomes DED’S R3bn commitment for young entrepreneurs
The National Youth Development Agency (NYDA) on Thursday commended the Department of Economic Development for allocating R3-billion over the next five years, as part of the Youth Employment Accord.
09 May 13
CONSTRUCTION
Tough trading conditions mute Cashbuild’s revenue growth
Building materials retailer Cashbuild reported marginal year-on-year revenue growth of 1% during the third quarter of its 2013 financial, as tough trading conditions continued. Nine new stores opened by the company since July 2011, contributed 2%...
By: Chanel de Bruyn
09 May 13
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