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Brown defends shock Molefe reinstatement, as Koko takes leave amid forensic probe 

By: Terence Creamer     12th May 2017 Public Enterprises Minister Lynne Brown has defended her decision to accept the Eskom board’s much-criticised recommendation that Brian Molefe be reinstated as CEO and see out his five-year contract to 2020 on the basis that it offered “better value” than the alternative of paying him a... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

By: Terence Creamer     13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

Exxaro will support any ‘sustainable’ plan for restarting Arnot 

By: Terence Creamer     26th January 2017 Mining group Exxaro says it will be guided by Eskom on the future of the Arnot coal mine, in Mpumalanga, which was closed after Eskom’s contentious December 31, 2015, decision not to renew a 40-year coal supply agreement (CSA) with Arnot, an Eskom-tied mine operated by Exxaro. The termination of... 

WBS Lte-A Network Takes First Steps

23rd November 2016 WBS has commenced the rollout of its new national LTE-Advanced wireless broadband network. As coverage expands existing iBurst customers will be migrated over to the new LTE-A network and new users will be added. WBS is building the network using existing sites and facilities leased from... 

Exxaro outlines new BEE deal, R3.5bn share repurchase scheme

By: Ilan Solomons     23rd November 2016 Diversified miner Exxaro Resources will put in place a new black economic empowerment (BEE) scheme once the unwinding of its existing BEE agreement has been completed. Since its establishment in 2006, Exxaro’s BEE partner has been Main Street 333 (MS333), which owns 50.19% of the issued ordinary... 

Growthpoint delivers 6.0% half-year distribution growth

2nd March 2016 Growthpoint Properties Limited today reported distribution growth of 6.0% for its six-month interim period to 31 December 2015, delivering performance at the top end of its market guidance. Growthpoint delivered an increase in revenue of 28.7% from the prior half-year, with its distributable... 

‘SA Inc’ approach required to drive exports – ECIC

By: Natalie Greve     30th June 2014 An approach that presents South Africa as offering a coherent “suite” of services to potential foreign importers of local goods – rather than simply the export product itself – may boost the country’s export earnings and drive the local industrialisation agenda, the Export Credit Insurance... 

Pension funds ‘ideal’ for long-term infrastructure investment

By: Sashnee Moodley     14th March 2014 Using pension funds for long-term investments in infrastructure is an increasing trend worldwide, with the 2008 global financial crisis having resulted in several challenges for pension funds.  

Tenova mulling ways of breaking junior funding deadlock 

By: Martin Creamer     21st January 2014 Global project management services company Tenova Mining Minerals, which designs and supplies mining- and process-related equipment and provides mineral processing design, is mulling ways of breaking the mine funding deadlock that is preventing junior projects from proceeding. Tenova Mining &... 

Wescoal to buy coal trading business from MacPhail

By: Leandi Kolver     13th August 2013 JSE-listed junior miner Wescoal on Tuesday announced that it had entered into a R79-million agreement with MacPhail Distributors, which would enable it to attain the critical mass required to negotiate and overcome challenges in the coal trading environment. Through the agreement Wescoal would... 

Pan African completes Evander acquisition

By: Natasha Odendaal     14th March 2013 Johannesburg- and London-listed Pan African Resources on Thursday said the R1.5-billion deal with gold miner Harmony had been completed and that it had taken control of the Evander operations, in Mpumalanga. The group, which secured the final approval in mid-February, settled the purchase... 

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