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Jun 01, 2015
South Africa’s new immigration measures that came into effect on Monday, which included requiring adults travelling with children to carry unabridged birth certificates, was concerning to the International Air Transport Association (Iata). Both parents now had to...
Jun 01, 2015
Ratings agency Standard & Poor’s (S&P) has issued a warning over South African mobile operator Cell C’s R2bn unsecured debt. The ratings agency has raised concern over the unsecured debt which has upcoming maturities in July. S&P has also issued a warning in light of...
Jun 01, 2015
Domestic new-vehicle sales increased by 7.6% month-on-month to 47 868 units in May, compared with the 44 503 units sold in April, statistics released by the Department of Trade and Industry on Monday have revealed. Vehicle sales were, however, 3.2% lower than the 49...
Jun 01, 2015
Open access fibre infrastructure provider Dark Fibre Africa (DFA) on Monday announced that it would expand its high-speed fibre-to-the-business capabilities in major and secondary cities across South Africa. Complementing various Internet service providers’ (ISP’s)...
Jun 01, 2015
SALT
Science and Technology Minister Naledi Pandor says Africa is gradually expanding its future workforce in science and engineering through astronomy. Speaking at the Southern African Large Telescope (SALT) Conference in Stellenbosch, earlier today, Pandor said...
Jun 01, 2015
The Financial and Fiscal Commission says spending performance by State-owned entities on infrastructure projects has improved despite tight fiscal conditions. The Financial and Fiscal Commission (FFC) today tabled its Annual Submission for the Division of Revenue in...
Jun 01, 2015
South Africa’s logistics costs reached R393-billion in 2013, equating 11.1% of the country’s gross domestic product (GDP), which does not compare well with the figures of North America, at 8.8%, and Europe, at 9.2%, Stellenbosch University’s (SU’s) newly launched...
Jun 01, 2015
The farming and the agrochemical sectors stand to lose billions of rands if glyphosphate is prohibited, after a World Health Organisation finding of possible carcinogenicity. An industry expert at CropLife South Africa, Dr Gerhard Verdoorn, told Fin24 that the loss...
Jun 01, 2015
Jun 01, 2015
Jun 01, 2015
Jun 01, 2015
 
 
 
Jun 01, 2015
Egypt's oil ministry said on Monday it had signed an energy exploration deal with Italy's Eni worth $2-billion following a memorandum of understanding signed in March during an investment conference. The deal paves the way for the modification of some previous deals...
Jun 01, 2015
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) recovered by 5.4 index points in May, as several pressures eased from April. The recovery from the 11-month low of 45.4 in April to 50.8 index points in May lifted the index back above the neutral...
Jun 01, 2015
Pembani chairperson Phuthuma Nhleko
Shareholders of Pembani and empowerment group Shanduka have signed the transaction agreements and submitted the requisite regulatory filings related to the merger of the two companies to form a black-controlled natural resources and industrial group. The completion...
Jun 01, 2015
The Department of Energy (DoE) has issued a notice of a request for bids (RFB) under the recently announced cogeneration (CoGen) independent power producer (IPP) procurement programme. The RFB documentation will be available from 17:00 on June 4, which prospective...
Jun 01, 2015
The South African Chamber of Commerce and Industry (Sacci) believes South Africa’s advancement as a global tourist destination of choice will, from Monday, face disruption owing to the introduction of a new travel law that requires all children travelling to the...
Jun 01, 2015
The application to challenge the R5-billion government guarantee for South African Airways (SAA) in 2012 was not an attempt to shut down or privatise the airline, Comair said on Monday. Comair CEO Erik Venter said on Monday that the action taken by JSE-listed Comair...
Jun 01, 2015
Public Protector Thuli Madonsela
Public Protector Thuli Madonsela will write to President Jacob Zuma to point out limitations in Police Minister Nathi Nhleko's Nkandla report, her office said on Friday. She said she stood by her own report and wanted to ensure that Zuma was "placed in a position to...
Jun 01, 2015
While the relationship between labour and business in South Africa has weakened to one typified by adversarial stances and marred by violent strikes, Labour Minister Mildred Oliphant remains confident that the industrial labour relations environment can recover to a...
Jun 01, 2015
It would be a major strategic error to privatise Eskom in any way, the South African Communist Party (SACP) said on Sunday. In a statement, after the conclusion of the party's three day central committee meeting in Johannesburg, the SACP said separating power...
Jun 01, 2015
The Economic Freedom Fighters (EFF) wants to take legal action against President Jacob Zuma, Police Minister Nathi Nhleko, Public Works Minister Thulas Nxesi and the Cabinet for what it said was a legal breach of the Constitution regarding the Nkandla matter. "These...
 
 
 
 
Jun 01, 2015
Karpowership sales director Patrick O’Driscoll
Turkish floating power plant group Karpowership says it has identified several potential sites along South Africa’s coastline where it could berth or moor vessels with generating capacities of up to 500 MW, indicating that the sites are generally located near load...
Jun 01, 2015
Tanzania has awarded contracts to build new railway lines worth about $9-billion to Chinese firms, its transport minister said, expanding Beijing’s presence in East Africa's second-biggest economy. Transport Minister Samuel Sitta told parliament on Saturday a Chinese...
May 29, 2015
All grades of petrol will increase by 47c/ℓ on Wednesday, the Department of Energy announced on Friday. The reef price for unleaded 93 and LRP petrol was currently standing at R12.61/ℓ, while unleaded 95 cost R12.89/ℓ.
May 29, 2015
JSE-listed Tower Property Fund has acquired the Link Hills Shopping Centre, in Waterfall, KwaZulu-Natal for R160.9-million from The Sabre Trust and Matlu Family Trust. The shopping centre, on Inanda Road, was situated in an upper-high-growth residential area, next to...
May 29, 2015
South Africa recorded a trade deficit of R2.51-billion ($207-million) in April from a revised shortfall of R9-million in March, data from the revenue agency showed on Friday. Exports fell by 7.5% to R84-billion, while imports were down 4.8% to R86.5-billion on a...
May 29, 2015
South African pump manufacturer Hazleton Pumps International took top honours in the Most Innovative Company and Customer Service of the Year categories of the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Awards for Excellence, on...
May 29, 2015
Shares in AltX-listed Ansys surged nearly 9% on Friday after the Centurion-headquartered information technology firm successfully broke out of the red for the first time in two years and delivered triple-digit increases in its financial performance for the 2015...
May 29, 2015
While a healthy appetite for investment in government’s infrastructure development programme existed among international and domestic providers of capital, policy coherence, a clear roll-out strategy and a champion in government were critical to triggering this...
May 29, 2015
Ian Kirk
Just 8% of South Africa’s land area provided 50% of the country’s surface water and the country could be on the cusp of a drought, Worldwide Fund for Nature South Africa (WWF-SA) Freshwater Programme head Christine Colvin warned at a Power of Partnerships seminar in...
May 29, 2015
JSE-listed Nutritional Holdings says it had made “great strides” towards achieving its medium-term turnaround strategy during the year ended February 28. However, owing to procedural and regulatory constraints, the time taken to finalise the company’s black...
 
 
 
 
May 29, 2015
Under the auspices of the World Economic Forum (WEF) on Africa, being held in Cape Town from June 3 to 5, South Africa will reiterate its stance that it is open for business, showcasing what it has to offer other countries and global business. The event, which would...
May 29, 2015
South Africa's power utility Eskom said on Friday all but three of the top 20 defaulting municipalities had settled their outstanding dues and that the debtors still face electricity cuts next week. The cash-strapped utility did not specify which municipalities had...
May 29, 2015
Article contains comments
Eskom acting CEO Brian Molefe
South Africans could be living without load shedding this winter, if acting Eskom CEO Brian Molefe gets his way. Speaking at the launch of the Transnet Development Hub on Friday, Molefe said planned maintenance was mostly completed and so the utility was able to...
May 29, 2015
The United Nations (UN) plans to raise $1.6 billion from donors to improve agriculture, food security, health and governance in Zimbabwe between 2016-2020, its representative in the southern African country said on Friday. The UN has over the last decade taken a...
May 29, 2015
The latest product of global major airliner manufacturer Airbus, the A350-900, is now in production ramp up phase, following its entry into service last year with launch customer Qatar Airways. And the company is now preparing for the introduction of the next version...
May 29, 2015
Article contains comments
David Lewis
David Lewis‚ head of the country's leading non-governmental anti-graft agency‚ Corruption Watch‚ has criticised Police Minister Nathi Nhleko's report exonerating President Jacob Zuma of having to pay anything for the upgrades to his Nkandla home. Nhleko yesterday...
May 29, 2015
Article contains comments
While transformational efforts have succeeded in boosting black representation at a managerial level in the metals and engineering sector, these individuals appear to stagnate in middle management positions rather than progressing to senior or top management...
May 29, 2015
JSE-listed Afrox has appointed Dorian Devers CFO and Bernd Eulitz chairperson. Devers, who was also Linde Group Africa and UK region FD, took up the position of CFO and executive director on May 28.
May 29, 2015
May 29, 2015
Fifteen years after the United Nations agreed on the Millennium Development Goals (MDGs), much progress had been made in the development of information and communications technology (ICT) worldwide. However, much more progress was needed to ensure that the...
 
 
 
 
May 29, 2015
Outgoing AfDB president Donald Kaberuka
Nigeria's Agriculture Minister Akinwumi Adesina won an election on Thursday to be the new president of the African Development Bank (AfDB), the lender said. After six rounds of voting that saw seven rivals from across the continent defeated, Adesina secured around...
May 29, 2015
Article contains comments
The head of the European Union (EU) Delegation to South Africa, Ambassador Roeland van de Geer, expects a quieter year in relations between the 28-member-country bloc and South Africa, following an action-packed and, at times, tempestuous 2014. Besides a high-profile...
May 29, 2015
Article contains comments
Revelations that two South Africans allegedly bribed Fifa with $10-million for the country to host the 2010 Soccer World Cup may have tarnished the country’s image, economist Mike Schussler said on Thursday. “The scandal has taken some of the shine off. If we’re seen...
May 29, 2015
There are growing indications that the South Africa government is seeking to change gears in the area of black economic empowerment (BEE), with the departments of Trade and Industry (DTI) and the Economic Development planning to leverage public procurement, incentive...
May 29, 2015
Eskom said on Friday there was currently no planned load shedding as it had enough generating capacity to meet the demand. This follows the first full day without load shedding in a month after Eskom resumed power cuts on April 29, breaking a five-day streak of no...
 
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