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FDI

SA a promising investment destination – WEF participants Restricted

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...
 
 
MINING & ENERGY

Amplats considers introducing solar power at mines Restricted

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...
10 May 13
 
 
ECONOMIC GROWTH

Kaberuka urges sub-Saharan Africa to push GDP growth to 10% Restricted

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...
10 May 13
 
 
POWER

Kenya's government rejects 200% rise in power tariffs Restricted

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...
10 May 13
 
 
STEEL

Mittal expects Q2 turnaround from fire-afflicted start to 2013 Restricted

Nonkululeko Nyembezi-Heita 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...
10 May 13
 
 
AGRICULTURE

New $25m fund launched to grow African agriculture Restricted

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...
10 May 13
 
 
INFRASTRUCTURE

R30bn for Johannesburg infrastructure Restricted

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...
10 May 13
 
 
SKILLS SCHOOL

Government to establish its own school Restricted

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,...
10 May 13
 
 
ENERGY EFFICIENCY

SA industry finally grasping energy efficiency nettle, but constraints remain Restricted

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...
10 May 13
 
 
NUCLEAR ENERGY

‘We are nowhere near advertising the nuclear tender’ Restricted

DoE director-general Nelisiwe Magubane 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...
09 May 13
 
 
YOUTH DEVELOPMENT

NYDA welcomes DED’S R3bn commitment for young entrepreneurs Restricted

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 Restricted

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%...
09 May 13
 
 
 
 
 
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