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Latest News

Go Life acquires Wellness Brands, other Ascendis Health assets

By: Marleny Arnoldi     3rd September 2018 JSE-listed Go Life International and its subsidiary Go Life Healthcare have entered into two agreements with Ascendis Health, to acquire the Wellness Brands – the Biobalance, Foodstate, Osteoflex and Homeoforce brands – and 100% of the shares and claims in Sportron, Heritage Resources, Ascendis... 

Datatec subsidiary acquires Cape Town-based Clarotech

By: Simone Liedtke     3rd September 2018 JSE-listed technology firm Datatec’s Logicalis South Africa subsidiary has acquired Cape Town-based Clarotech. Clarotech offers Internet protocol telephony and call centre cloud and managed services to small and medium-sized businesses (SMBs) in the region. 

Dinosaurs dominate South African Mint’s 2018 Natura Palaeontology Collection

By: Simone Liedtke     3rd September 2018 The South African Mint on Monday unveiled the five-coin Palaeontology Collection in 24 ct gold. The collection brings to life the ‘archosauria’, which comprise crocodiles, pterosaurs, dinosaurs and birds or the ruling reptiles that roamed and soared freely in Southern Africa about 200-million... 

Dinosaurs dominate South African Mint’s 2018 Natura Palaeontology Collection

New-vehicle market drops by 2.5% in August, exports up 7.7%

By: Irma Venter     3rd September 2018 The South African new-vehicle market declined by 2.5% in August, to 47 964 units, compared with the same month last year. The newest sales numbers, released on Monday, indicate that August new-passenger car sales decreased by 2.2%, to reach 31 447 units. 

New-vehicle market drops by 2.5% in August, exports up 7.7%

Investec Property to develop R2bn mixed-use precinct at Wanderers Golf Club

By: African News Agency      3rd September 2018 The Wanderers Golf Club has unveiled plans to develop a R2-billion 1 ha mixed-use precinct in Johannesburg's northern suburbs located in Illovo, between Sandton and Rosebank, in partnership with Investec Property. The proposed development will include high-end commercial office space, luxury... 

Energy Department intervenes to keep petrol price increase down

By: News24Wire      3rd September 2018 On Wednesday fuel prices will increase by just 4.9c per litre, the Department of Energy announced on Monday.  This is below the 23c to 25c per litre increase expected by the AA.  

 Energy Department intervenes to keep petrol price increase down

Iran says it plans to boost ballistic, cruise missile capacity

By: Reuters     3rd September 2018 Iran plans to boost its ballistic and cruise missile capacity and acquire modern fighter planes and submarines, the Iranian state news agency IRNA quoted a senior Defence Ministry official as saying on Saturday. News of the military development plans came a day after Iran dismissed a French call... 

Stellenbosch University receives R2.9m grant to develop fire engineering postgraduate degrees

By: Marleny Arnoldi     3rd September 2018 Stellenbosch University’s Fire Engineering Research Unit (FireSUN) has received a grant of R2.9-million from Lloyd’s Register Foundation, to develop Africa’s first-ever postgraduate programme in fire engineering. This will help provide the expertise needed to keep the African continent safe in... 

Stellenbosch University receives R2.9m grant to develop fire engineering postgraduate degrees

Inequality, poverty worsening as broader unemployment rate rises – Uasa

By: Marleny Arnoldi     3rd September 2018 Despite South Africa’s past goals and targets to find solutions to its unemployment crisis, such as the government’s plan to halve unemployment by 2014, the unemployment rate is not declining at all. Instead the number of unemployed people has increased from 6-million to 9.6-million between... 

Gordhan: Fuel prices will rock SOEs

By: News24Wire      3rd September 2018 Public Enterprises Minister Pravin Gordhan has told Parliament that most of the companies in his portfolio will be rocked by the latest fuel price hikes, with exposure to these hikes racking up millions in extra costs.  In a reply sent to Members of Parliament last week, Gordhan said an increase... 

 Gordhan: Fuel prices will rock SOEs
Public Enterprises Minister Pravin Gordhan

Spectrum challenge likely to be resolved by next year

By: Natasha Odendaal     3rd September 2018 South Africa's years-long limbo over spectrum licensing and allocation could possibly be fully resolved by this time next year. Department of Telecommunications and Postal Services (DTPS) director-general Robert Nkuna on Monday promised action on the much-debated subject, as industry becomes... 

China not Africa's new colonial power – Ramaphosa

By: African News Agency      3rd September 2018 South African President Cyril Ramaphosa used his address at the opening ceremony of the Forum on China–Africa Cooperation (FOCAC) in Beijing on Monday to rebut claims that China was becoming Africa's new colonial power. "In the values that it promotes, in the manner that it operates and in the... 

 China not Africa's new colonial power – Ramaphosa
Chinese President Xi Jinping & President Cyril Ramaphosa

World’s most powerful particle accelerator benefits from South African computing expertise

By: Rebecca Campbell     3rd September 2018 South African researchers have played a key role in developing and running the very powerful computer system, and the subsequent data analysis, that supports the Atlas detector in the Large Hadron Collider (LHC), which is the world’s biggest and most powerful particle accelerator. The LHC lies on... 

World’s most powerful particle accelerator benefits from South African computing expertise
Photo by CERN
The Atlas detector in the LHC

Bidvest lifts FY18 HEPS despite volatile market

By: Simone Liedtke     3rd September 2018 JSE-listed services, trading and distribution company Bidvest on Monday declared a final dividend of 301c a share, bringing the total dividend for the financial year ended June 30 to 556c, amid a volatile market, which the company said was characterised by weak economic growth and consumer spend,... 

Listeriosis outbreak officially over – Motsoaledi

By: News24Wire      3rd September 2018 Health Minister Aaron Motsoaledi has announced that the country's listeriosis outbreak is officially over. At a media briefing on Monday, Motsoaledi said that no new cases have been detected in the last three months. "I'm here to announce that we no longer have a listeriosis outbreak." This means... 

Listeriosis outbreak officially over – Motsoaledi
Health Minister Aaron Motsoaledi

NHBRC concludes disciplinary process, three executives implicated

By: Marleny Arnoldi     3rd September 2018 The National Home Builders Registration Council (NHBRC) has concluded a disciplinary process for three out of four executives that were suspected of unethical behaviour. The most serious sanction was a dismissal verdict against the corporate services executive.  

Absa PMI falls to 13-month low in August

By: Reuters     3rd September 2018 South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) fell to a 13-month low in August driven by large declines in new sales and business activity, a survey showed on Monday. The index, which is compiled by the Bureau for Economic Research and gauges manufacturing activity in... 

Absa PMI falls to 13-month low in August

White workers at Sasol launch 'go-slow' ahead of Thursday strike over black staff scheme

By: Reuters     3rd September 2018 Workers from South Africa's mainly white Solidarity union started a go-slow protest at petrochemicals firm Sasol over a share scheme offered exclusively to black staff, and will launch a full strike on Thursday. The Solidarity union also said it will file a complaint to US regulators over Sasol's... 

Safaricom faces $4.5m fine for failing to connect small firms

By: Reuters     3rd September 2018 Kenya's biggest telecoms operator Safaricom faces a fine of around $4.5-million for failing to connect calls made to smaller firms, according to company and regulatory documents reviewed by Reuters. The Communications Authority of Kenya (CA) has imposed a fine on Safaricom, part-owned by South... 

Volkswagen signs assembly, policy MoUs in Nigeria, Ghana

By: Irma Venter     3rd September 2018 Volkswagen has added Ghana and Nigeria to its list of future vehicle assembly operations in Africa. The German manufacturer is already active on assembly sites in Kenya, Algeria and Rwanda. 

Volkswagen signs assembly, policy MoUs in Nigeria, Ghana
Thomas Schaefer and Alan Kyerenmaten, with Angela Merkel and Ghana VP Mahamudu Bawumia looking on.

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects

By: Reuters     3rd September 2018 Chinese President Xi Jinping offered another $60-billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10-billion over the next three years, but he also warned against "vanity projects". Speaking at the opening of a major summit with... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects
Chinese President Xi Jinping

Public Protector to probe Metrorail in Western Cape

By: African News Agency      3rd September 2018 The Public Protector has agreed to investigate struggling Metrorail in the Western Cape, where the service has been hit with multiple problems that have seen the numbers of commuters drop by nearly half. Frequent delays and inadequate space on commuter trains have been made worse by the recent... 

Chinese bank to lend Nigeria $328m for fixing telecom infrastructure

By: African News Agency      3rd September 2018 China’s Exim bank will lend Nigeria $328-million towards improving the West African country’s telecoms infrastructure, Reuters reported. Poor telecoms are a major challenge for businesses operating in Nigeria, which is Africa’s largest oil producer, most populous country and has one of the... 

China's TBEA to invest in €180m Gabon hydropower project – Gabon official

By: Reuters     3rd September 2018 Chinese energy firm TBEA will invest in a €180-million ($209-million) hydropower project in Gabon alongside the West African country's sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin "pretty soon" on the project, which will have a power generation capacity of... 

China's Xi says no strings attached to funds for Africa

By: Reuters     3rd September 2018 Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment. Xi said at a business forum before the start... 

China's Xi says no strings attached to funds for Africa
President Cyril Ramaphosa & Chinese President Xi Jinping

University students can apply for funding from today

By: African News Agency      3rd September 2018 Applications for the National Student Financial Aid Scheme (NSFAS) open on Monday, the Minister of Higher Education and Training, Naledi Pandor has announced. Applicants can apply online. 

University students can apply for funding from today
Minister of Higher Education and Training Naledi Pandor

South Africa wins bid to host world’s largest astronomy meeting in 2024

By: Simone Liedtke     31st August 2018 South Africa has won the bid to host the 2024 General Assembly of the International Astronomical Union (IAU), marking its first assembly on African soil in its 105 years of existence. The next General Assembly will be held in South Korea in 2021, followed by Cape Town in 2024. 

South Africa wins bid to host world’s largest astronomy meeting in 2024
Photo by Dylan Slater
The MeerKAT radio telescope, located about 90 km from Canarvon in the Northern Cape

Bell reports strong H1 results, remains bullish on South African market

By: Nadine James     31st August 2018 JSE-listed Bell Equipment achieved a 6% year-on-year increase in revenue to R3.7-billion for the six months to June 30. Headline earnings a share increased by 10% to 131c and an interim dividend of 20c was declared. 

New tech, automation to change but also create jobs

By: Schalk Burger     31st August 2018 New technologies, including advanced computing systems and the automation of various job activities, will change about 30% of activities in about 60% of occupations, and will require new skills across most industries, management consulting multinational McKinsey Global Institute global economic... 

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18

By: Simone Liedtke     31st August 2018 JSE-listed real estate investment trust (Reit) Hyprop continued to deliver strong growth in a tough economic environment, with a total dividend a share of 756.5c declared for the financial year to June 30. This growth was 8.8% higher than in the prior financial year, the company said on Friday. 

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18
Photo by Simone Liedtke
Hyprop executive director Wilhelm Nauta (left) and Hyprop CEO Pieter Prinsloo (right)

Telecoms dept to bolster investment with ITU 2018

By: Natasha Odendaal     31st August 2018 As South Africa prepares to host the International Telecommunication Union (ITU) Telecom World 2018, the Department of Telecommunications and Postal Services (DTPS) and its sponsoring partners aim to bolster investment in the country, and the rest of Africa, by showcasing homegrown talent.... 

Armscor report to aid in DLS’ employment equity strategy

By: Marleny Arnoldi     31st August 2018 State-owned defence industrial group Denel has welcomed the report by the Armaments Corporation of South Africa (Armscor) on the Denel Land Systems (DLS) division’s employment equity compliance status on the flagship Hoefyster project. The Hoefyster employment equity compliance assessment... 

NBF appoints acting CEO

By: Marleny Arnoldi     31st August 2018 New Partnership for Africa’s Development Business Foundation (NBF) Africa infrastructure desk programme manager Peter Varndell will assume the role of acting CEO of the organisation, following Lynette Chen’s resignation in June. NBF rail project manager Kudzanayi Bangure has assumed the role of... 

President Ramaphosa jetting off to China for State visit and multilateral summit

By: Rebecca Campbell     31st August 2018 South African President Cyril Ramaphosa departs for Beijing on Friday for both a State visit to China and to co-Chair the 2018 Forum on China-Africa Cooperation (FOCAC), which will take place immediately afterwards. The State visit will take place on September 2 and FOCAC will be held on... 

Automotive Masterplan '99% there', says DTI’s October

By: Irma Venter     31st August 2018 Government and the automotive industry have reached “99% consensus” on the South African Automotive Masterplan, says Department of Trade and Industry (DTI) director-general Lionel October. “We are close. We are 99% there. We are just finalising the targets.” 

Automotive Masterplan '99% there', says DTI’s October
Photo by Dylan Slater
DTI director-general Lionel October

South Africa's trade balance swings to deficit in July

By: Reuters     31st August 2018 South Africa's trade balance swung to a deficit of R4.66-billion ($317-million) in July from a revised R11.89-billion surplus in June, data from the revenue agency showed on Friday. Exports fell by 2.7% on a month-on-month basis to R107.07-billion in July, while imports increased by 13.8% to... 

Long-serving Qhena to step down as IDC CEO on Dec 31

By: Marleny Arnoldi     31st August 2018 The Industrial Development Corporation (IDC) has started the search for a new CEO, following Geoffrey Qhena’s resignation. Qhena has agreed to stay on until December 31, to ensure a smooth transition.  

Long-serving Qhena to step down as IDC CEO on Dec 31
Photo by Dylan Slater
IDC CEO Geoffrey Qhena

Jacobs to continue as Altron acting CFO until Feb

By: Creamer Media Reporter      31st August 2018 A recruitment process to identify a permanent CFO for information and communications technology company Allied Electronics Corporation (Altron) is ongoing. Tim Jacobs, who was appointed acting CFO in March, will, therefore, continue to serve as acting CFO until February 28, 2019. 

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