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Oct 24, 2014
Swedish Ambassador to South Africa Christian Meuwly will next week inaugurate the final roll-out of the new vertical shaft brick kiln (VSBK) at clay brick manufacturer Langkloof Bricks’ facility in Jeffrey’s Bay. The VSBK formed a part of economic, social and...
Oct 24, 2014
Hot on the heels of the launch of Rustenburg’s rapid transport system’s brand name and logo last week, a negotiation framework agreement (NFA) has been formally agreed to and signed by the Rustenburg Local Municipality (RLM) and taxi and bus operators affected by the...
Oct 24, 2014
The runway at the George Airport, in the Western Cape, has been rehabilitated to improve safety, in terms of run-off and storm water drainage, and the structural capacity of the pavement surface. The scope of work comprised the extension of Runway 11/29, the...
Oct 24, 2014
Tanzania and China have signed investment deals to build a $1 billion satellite city and $500 million financial centre in the commercial capital Dar es Salaam, the latest sign of Beijing's deepening ties with East Africa. The total of five deals, worth more than $1.7...
Oct 24, 2014
A section of Cape Town’s MyCiTi infrastructure, which aims to link residents with economic and recreational hubs through public transport, has been recognised with the 2014 Saice regional award for technical excellence in civil engineering. The infrastructure along...
Oct 24, 2014
Following JSE-listed SABMiller’s consolidation of its South African and African operations into a single region earlier this year, CEO Alan Clark on Friday announced a realignment of the responsibilities of members of the group’s executive committee. The move, which...
Oct 24, 2014
The Council for Scientific and Industrial Research (CSIR) and Stellenbosch University (SU) this week cemented plans to intensify research and development collaboration over the next five years. Following a fruitful partnership and the completion of several successful...
Oct 24, 2014
Communications Deputy Minister Stella Ndabeni-Abrahams says the Department of Communications has the responsibility of ensuring that South Africans migrate from the analogue to digital world, with the help of media and government communicators. Deputy Minister...
Oct 24, 2014
Oct 24, 2014
Oct 24, 2014
Oct 24, 2014
 
 
 
Oct 24, 2014
Cash-hungry solar photovoltaic (PV) projects in sub-Saharan Africa are largely assessed by lenders on a case-by-case technical basis and, while some standard technical and nontechnical aspects would be required to reach financial close, these are not entirely...
Oct 24, 2014
Embattled state-owned entity South African Airways (SAA) would consider an equity partnership, Public Enterprises Minister Lynne Brown said on Thursday. Asked about the possibility of an equity partnership, she told reporters in Cape Town that SAA was investigating...
Oct 24, 2014
South Africa’s defence, aerospace and maritime industries contribute to the country’s economy through the development and maintenance of high-level scientific, engineering, technological and technical skills and jobs, as well as advanced design, development and...
Oct 23, 2014
The majority of the 41 signatory countries to the Organisation for Economic Cooperation and Development’s (OECD’s) Anti-Bribery Convention, adopted in 1997, have failed to clamp down on foreign bribery activities. Fifteen years after its implementation, only four...
Oct 23, 2014
South Africa's biggest union faced expulsion on Thursday from a labour federation linked to the ruling African National Congress, the first major crack in an alliance that has held sway since apartheid ended in 1994. Delegates from the powerful Congress of South...
Oct 23, 2014
President Jacob Zuma
President Jacob Zuma on Thursday revealed the composition of the new team of Ministers and business proponents set to lead the Presidential Black Economic Empowerment Advisory Council. Trade and Industry Minister Dr Rob Davies, Minister in the Presidency responsible...
Oct 23, 2014
Article contains comments
Cabinet on Wednesday approved the retention of South African Airways (SAA) chairperson Duduzile Myeni and nonexecutive director Yakhe Kwinana, while also approving the appointment of Dr John Tambi and Anthony Dixon as board members at the troubled national carrier....
Oct 23, 2014
Article contains comments
Global engineering and construction company Foster Wheeler on Thursday announced that an indirect wholly owned subsidiary of the company had completed its acquisition of metallurgical engineering company MDM Engineering. MDM would now become part of Foster Wheeler’s...
Oct 23, 2014
JSE-listed cement company PPC on Thursday announced the resignation of its joint MD Richard Tomes, who would pursue other opportunities. The company said that Johann Claassen, who served as joint-MD with Tomes, would continue in the position of MD.
Oct 23, 2014
Professor Raymond Suttner
Researcher and political analyst Professor Raymond Suttner has described South Africa’s youth unemployment crisis as an “emergency-type situation” that can only be sustainably addressed through a frank dialogue between government, business, labour and civil society...
 
 
 
 
Oct 23, 2014
South Africa's Imperial Holdings will buy 70% of Imres BV, a Dutch wholesaler of medical supplies, for €46-million ($58-million) in cash to expand its pharmaceutical distribution in Africa, the transport company said on Thursday. Imperial is looking to expand its...
Oct 23, 2014
Article contains comments
Finance Minister Nhlanhla Nene
Treasury is reluctant to throw good money after bad by over-committing funds to recover state money lost to corruption, Finance Minister Nhlanhla Nene said on Thursday. "I'm not too sure whether as a country we should be focusing on building capacity on collecting...
Oct 23, 2014
Article contains comments
Oct 23, 2014
MTN Group CEO Sifiso Dabengwa
Mobile operator MTN South Africa has gained some ground in winning back customers during the quarter to September 30 after a delayed reaction to the price war last year saw the JSE-listed group fall behind its rivals. The group’s South African operation added...
Oct 23, 2014
Oct 23, 2014
Article contains comments
Photovoltaic (PV) microgrids are increasingly emerging as favourable off-grid power options for the electrification of rural settlements and remote industrial operations in Africa, largely owing to a continued increasing of the diesel price coupled with the...
Oct 23, 2014
Finance Minister Nhlanhla Nene
Economists saluted Finance Minister Nhlanhla Nene for containing state spending and debt in his first medium-term budget on Wednesday, but opposition parties faulted him for not doing more to stem waste. Wits economist Dr Kenneth Creamer said that with growth lagging...
Oct 23, 2014
Oct 23, 2014
Relevant government departments and solar industry stakeholders represented by the South African Photovoltaic Industy Association (Sapvia) are due to meet next week in Kimberley, in the Northern Cape, to decisively bed down an industry “master plan” that would guide...
Oct 23, 2014
Article contains comments
 
 
 
 
Oct 23, 2014
Oct 23, 2014
The North West provincial government remains steadfast in its commitment to provide clean water to residents in Mahikeng, premier Supra Mahumapelo said on Wednesday. Mahumapelo launched a R300 million project for the upgrading of the Mmabatho Water Treatment Works as...
Oct 22, 2014
Article contains comments
Trade union Solidarity warned on Wednesday that ongoing restructuring and retrenchments in the information and communication technology (ICT) industry continued to put employees in the sector under “immense” pressure. This as the union claimed it had received...
Oct 22, 2014
Directors of investment holding company Combined Motor Holdings (CMH) say they are satisfied with the results achieved in the six months ended August 31, during which time the local economic environment continued to battle impediments to growth and national dealer...
Oct 22, 2014
Article contains comments
In the Medium-Term Budget Policy Statement Finance Minister Nhlanhla Nene has outlined concrete plans to consolidate South Africa’s pubic finances and restore macroeconomic balances. The proposed adjustments – lower than planned spending and increased tax revenues -...
Oct 22, 2014
The Embraer KC-390
Brazilian aircraft manufacturer Embraer on Tuesday rolled out the first prototype of its KC-390 military transport and air-to-air refuelling aircraft at its Gavião Peixoto plant in São Paulo state. The aircraft is the biggest type yet developed by the company and...
Oct 22, 2014
Development financier Eastern Cape Development Corporation (ECDC) on Tuesday reported a stable balance sheet for the 2013/14 financial year, boasting a net asset value of R1-billion at year-end. Speaking at the financier’s performance results at the ECDC headquarters...
Oct 22, 2014
Finance Minister Nhlanhla Nene
Failed South African lender African Bank Investments (Abil) is likely to re-list on the stock exchange early next year, and its government supervision will be concluded without the use of taxpayer money, Finance Minister Nhlanhla Nene said on Wednesday. The central...
Oct 22, 2014
Department of Trade and Industry export promotion and marketing chief director Zanele Sanni has invited manufacturing and advanced manufacturing companies from Shenzhen, China, to invest in South Africa, noting that Chinese investors could also access the additional...
Oct 22, 2014
The Competition Commission on Wednesday announced that it had unconditionally approved the merger between JSE-listed Distribution and Warehousing Network’s (Dawn’s) Watertech and Sanitaryware business with Grohe International. Under the terms of the merger agreement,...
 
 
 
 
Oct 22, 2014
Article contains comments
Finance Minister Nhlanhla Nene confirmed a further direct allocation to power utility Eskom of at least R20-billion. But he also stressed on Wednesday that the injection would have no impact on the Budget deficit as the capital would be raised through the sale of...
Oct 22, 2014
Government’s plans for reining in the country’s public procurement would be outlined in the Public Procurement Review, which will be published next month. Finance Minister Nhlanhla Nene told Parliament on Wednesday that the document would “clearly” outline the...
Oct 22, 2014
National Treasury this week froze the public personnel headcount and embarked on a review of funded vacancies in an effort to curb State spending and re-establish a sustainable foundation for the public purse. In his inaugural Medium-Term Budget Policy Statement...
Oct 22, 2014
Government aimed to fast-track certain “fast-growing” infrastructure programmes, despite cutting back on expenditure over the next few years, the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed on Wednesday. The MTBPS, released by new Finance Minister...
Oct 22, 2014
Article contains comments
Finance Minister Nhlanhla Nene
Fiscal consolidation could no longer be postponed, Finance Minister Nhlanhla Nene told lawmakers on Wednesday, while also announcing a R25-billion lowering of the expenditure ceiling and flagging plans to raise an additional R27-billion through higher taxes in the...
 
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