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Jan 26, 2015
Updated 3 hours ago Temporary power generation services provider Aggreko has extended the contract for its 200 MW gas-fired power project in Côte d'Ivoire by three years, with the option to extend this by a further two years.
Jan 26, 2015
Updated 3 hours ago A Competition Tribunal hearing into alleged cartel activity and price-fixing by several companies in the wire and wire products manufacturing industry was again postponed on Monday pending a decision by the Competition Appeal Court (CAC). Respondents Allens Meshco,...
Jan 26, 2015
Updated 4 hours ago The share price of cement producer PPC fell by as much as 8.6% on Monday on the news that it expects its headline earnings per share (HEPS) for the six months to end March 31, to be as much as 45% lower than in the comparable period the year before. The company,...
Jan 26, 2015
Updated 4 hours ago Consortium China North Rail (CNR) Rolling Stock South Africa (RSSA), led by Chinese locomotive manufacturer CNR Dalian, has ordered 232 MTU Series 4000 engines from Rolls-Royce Power Systems for State-owned Transnet Freight Rail’s (TFR’s) new freight locomotives. The...
Jan 26, 2015
Former South African Finance Minister Trevor Manuel
Updated 4 hours ago SABMiller chairperson John Manser expects Trevor Manuel’s experience in advising multilateral organisations on emerging market development and sustainability to be a “great asset” to the soft drinks and brewing giant’s board. The JSE-listed company announced on...
Jan 26, 2015
Updated 4 hours ago WesBank is rather bullish on the 2015 new vehicle market, says the vehicle and asset finance group’s head of research Rudolf Mahoney. He believes it is possible for the domestic new vehicle market to grow by between 3% and 5% in 2015 compared with last year. Also,...
Jan 26, 2015
Updated 5 hours ago Tenders are being prepared for two major oil-services infrastructure projects, collectively valued at around R10-billion, for the deep-water Port of Saldanha, on South Africa’s west coast. The developments are being packaged as build, own, operate and transfer...
Jan 26, 2015
Updated 5 hours ago Telecommunications giant Vodacom has taken another step towards expanding its fixed-lined capabilities as it moved to build a fibre-to-the-home network. South Africa’s largest mobile operator appointed communication solution provider Alcatel-Lucent to deploy a...
Jan 26, 2015
Jan 26, 2015
Jan 26, 2015
Jan 26, 2015
 
 
 
Jan 26, 2015
State-owned power utility Eskom on Monday urged consumers to save electricity as it implemented load shedding, owing to unforeseen technical problems at some of its power stations. The utility on Monday morning announced that it would start stage one load shedding,...
Jan 26, 2015
A strike is looming at commercial airline Comair, affiliate of Kulula and British Airways airlines, after salary negotiations with its cabin crew failed. Negotiations between Solidarity and Comair started in September 2014, and, in December, the union referred a...
Jan 26, 2015
Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid, though he called himself "incorruptible" and denied wrongdoing. Muhongo became the third...
Jan 26, 2015
Madagascar will not achieve the 5% growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters. The Fund said earlier this week that the economy...
Jan 26, 2015
Article contains comments
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Jan 23, 2015
JSE-listed Hudaco Industries’ share price climbed nearly 16% on Friday afternoon as the company announced that it would bring an end to a years-long tax challenges with the South African Revenue Service (Sars). In a trading statement to shareholders, Hudaco revealed...
Jan 23, 2015
President Jacob Zuma
South Africa was open for more investment and the country offered investment opportunities that no “wise” businessperson should miss, President Jacob Zuma told captains of commerce and industry during the yearly Business Interaction Group meeting on the sidelines of...
Jan 23, 2015
Article contains comments
The Department of Trade and Industry (DTI) has rejected claims by black economic-empowerment (BEE) advisory firm EconoBEE that there is likely to be a delay to the scheduled May 1 implementation of the revised BEE Codes of Good Practise. “We are on track for the May...
Jan 23, 2015
The Competition Commission is seeking input from the public on guidelines directing its approach to the analysis of mergers based on public interest grounds, in addition to competition. Stakeholders had until February 23 to comment on the draft guidelines for the...
Jan 23, 2015
On the back of higher turnover and an ongoing optimisation programme, JSE-listed ceramic tile and sanitaryware provider Italtile expects its basic earnings a share from continuing operations for the six months ended December 31, to increase by between 27% and 29% to...
 
 
 
 
Jan 23, 2015
Article contains comments
The DA plans to submit a private members' bill to Parliament to nullify the National Key Points Act because it is inconsistent with transparency and accountability. "The National Key Points Act of 1980 is a self-serving act that should be relegated to an apartheid...
Jan 23, 2015
Kenya is moving to boost its solar energy capacity, with a new plant now under construction aiming to start producing electricity for the national grid by January 2016. This heralds a shift in the balance of the country's efforts to embrace renewable energy, which...
Jan 23, 2015
Article contains comments
President Jacob Zuma and Netherlands Prime Minister Mark Rutte have identified agriculture, ports and water and sanitation as some of the key areas to enhance cooperation between their two countries. President Zuma held a bilateral meeting with Prime Minister Rutte...
Jan 23, 2015
The Competition Commission has castigated the respondents of a case involving alleged price-fixing in the wire and wire products manufacturing industry, accusing the companies of “abuse of process” by attempting to stall a Competition Tribunal hearing into the...
Jan 23, 2015
The number of African companies listing shares could rise by a quarter this year if all the firms that have said they plan an initial public offering (IPO) move ahead, international law firm Baker & McKenzie said. Shares on many African bourses have offered enticing...
Jan 23, 2015
The risk of load shedding would be heightened next month as State-owned power utility Eskom takes half of the Koeberg power station’s capacity off line for general maintenance. An Eskom spokesperson told Engineering News Online on Friday that, while the grid was...
Jan 23, 2015
Do you transport, as a haulier or consignor, more than 500 t of cargo a month by road? If so, brace yourself for a raft of new onerous, but rather vague transport regulations, warns Norton Rose Fulbright South Africa associate Peter Lamb. The National Road Traffic...
Jan 23, 2015
The domestic new truck market should end 2015 at between 31 000 and 33 000 units, says Isuzu Trucks South Africa (ITSA) COO Craig Uren. The market will only be able to exceed 31 000 units if “something significant happens”, such as large infrastructure or capital...
Jan 23, 2015
Article contains comments
Eskom CEO Tshediso Matona believes positive results from the current turnaround plan at the embattled utility will begin showing through in the next 18 to 24 months and has committed to continue “telling it as it is and telling it like it has never been told” so that...
Jan 23, 2015
Article contains comments
Eskom CEO Tshediso Matona
Apart, perhaps, from the Stoney ginger beer pick-me-up on his conference table and the queue of awaiting visitors in his reception area, there are few other signs of the pressure Eskom CEO Tshediso Matona is under. His corner office on the third-floor at Megawatt...
 
 
 
 
Jan 23, 2015
UN climate chief Christiana Figueres
The current low oil price is both good and bad for the renewable energy sector, United Nations (UN) climate chief Christiana Figueres said on Thursday at the World Economic Forum in Davos, Switzerland. Crude oil prices have fallen by around 60% since June, triggered...
Jan 23, 2015
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...
Jan 22, 2015
Global crude steel production rose 1.2% year-on-year to 1.66-billion tonnes in 2014, the World Steel Association (worldsteel) revealed on Thursday. While crude steel production in the European Union (EU), North America and Asia expanded by a modest 1.7%, 2% and 1.4%...
Jan 22, 2015
Mario Draghi
The South African rand along with the Russian rouble, the Brazilian real and the Turkish lira all strengthened against the euro after the European Central Bank (ECB) launched its landmark €60-billion a month bond buying programme, the Financial Times reported late...
Jan 22, 2015
Trade union Solidarity’s three-year dispute with defence company Rheinmetall Denel Munition (RDM) over the interpretation of a recognition agreement between the two entities has come to an end after the Commission for Conciliation, Mediation and Arbitration (CCMA)...
Jan 22, 2015
The European Central Bank kept the cost of borrowing unchanged on Thursday and remains poised to announce a plan to buy government bonds with new money, its last gambit for breathing life into a euro zone economy. "Further monetary policy measures will be...
Jan 22, 2015
JSE-listed Allied Electronics (Altron) has embarked on remedial measures after determining that its earnings for the 2015 financial year were likely to plunge. In a trading update to shareholders on Thursday, the group said it expected basic earnings a share for the...
Jan 22, 2015
The Kathu solar photovoltaic (PV) facility, in the Northern Cape, is expected to deliver 179 GWh/y of clean energy to the national grid.
Jan 22, 2015
Article contains comments
Jan 22, 2015
Article contains comments
Municipalities owe State-owned power utility Eskom more than R4.6-billion, an increase of more than R2-billion in the last year, a debt that is contributing to the pressure on Eskom’s ability to provide electricity.
 
 
 
 
Jan 22, 2015
The University of Pretoria’s Gordon Institute of Business Science (GIBS) and information technology solutions and services provider Dimension Data have collaborated to equip business leaders with the knowledge and tools to “anticipate and harness” digital disruption...
Jan 22, 2015
Article contains comments
South Africa plans to inject $870-million into cash-strapped state utility Eskom as early as around June, a finance ministry spokesman said on Thursday, as part of its strategy to raise funds for the power company. Pretoria said in October it would sell...
Jan 22, 2015
Jan 22, 2015
The modernisation of public transport infrastructure is among some of the top priorities for Gauteng and forms part of the provincial department’s ten-pillar programme to “radically” transform, modernise and reindustrialise Gauteng. Speaking at the Gauteng Industrial...
Jan 22, 2015
Opec defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up. The strain the halving of oil prices since June is...
 
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