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FINANCE

Gordhan urges developed nations to consider their impact on emerging markets

Developed countries had to become more aware of the impact of their actions on emerging markets and manage their internal and global affairs accordingly, Finance Minister Pravin Gordhan said on Wednesday. Speaking at a Bloomberg and Business Day...
19 Jun 13
 
 
SA MINING

Govt clear on role in normalising mining industry – Gordhan

The South African government is clear on the role it has to play in normalising the country’s mining industry, Finance Minister Pravin Gordhan said on Wednesday. He said that, in the global context of financial markets losing confidence in the...
19 Jun 13
 
 
BOARD CHANGES

Glencore boosts board with former Morgan Stanley boss

Glencore Xstrata has appointed former Morgan Stanley boss John Mack as an independent director, bringing in a Wall Street heavyweight as it rebuilds the board of the recently merged company.
12 Jun 13
 
 
TRANSNET FUNDING

Transnet raises R3.3bn in oversubscribed bond offering

Brian Molefe State-owned Transnet on Monday said it had raised R3.3-billion in a bond issue, bouncing back from a failed issue earlier this month. The transport group initially planned a R1-billion bond, but it was oversubscribed by 3.4 times. “[This...
10 Jun 13
 
 
CALL CENTRES

R500m investment consolidates Western Cape as global call centre hub

Cape Town is becoming a hot destination for the call centre sector, with an announcement of further investments and the creation of many more jobs. Capita, one of the Western Cape’s largest call centre operations has announced that it has...
30 Apr 13
 
 
Transport

State-owned shipping company not feasible at this stage – CEO

It is not commercially feasible to launch a State-owned shipping company, owing to recent managerial challenges experienced by other State-owned enterprises (SOEs), says advisory firm Frontier Advisory CEO Dr Martyn Davies.
26 Apr 13
 
 
RENEWABLE ENERGY

Standard Banks’ R10bn renewable lending boosts international green status

Financial firm Standard Bank’s R9.4-billion involvement in government-approved renewable-energy projects has earned the bank the ranking of twelfth greenest bank globally by Bloomberg Markets. Each year, Bloomberg Markets assesses the top 40...
12 Apr 13
 
 
Photo of the Week

LONDON ARRAY

On March 7, 2013, the London Array officially became the world’s largest operational offshore wind farm, when its 141st wind turbine began producing. The project, which will eventually incorporate 175 3.6 MW Siemens turbines, is a partnership...
29 Mar 13
 
 
GOLD

Gold Fields adopting ‘private equity’ rigour to boost gold equities’ image Video Available

Gold Fields CEO Nick Holland Gold Fields CEO Nick Holland, who has been globally lauded for rejecting the ‘jam tomorrow’ approach of gold-mining companies in a bombshell speech in Melbourne, announced on Thursday that Gold Fields would be putting its money where its mouth...
23 Aug 12
 
 
Photo of the Week

BLACK OUTS

Vendors sell vegetables at a market in New Delhi, India, after a series of failures and excessive demand knocked out power for 640-million people in northern and central India in late July and early August. Described as the world’s worst-ever...
 
 
ECONOMIC OUTLOOK

Policy consistency essential, Marcus says

South African Reserve Bank Governor Gill Marcus says policy consistency and coordination by the government of Africa’s largest economy is essential to boost growth and reduce unemployment.
10 Aug 12
 
 
GOLD

First Uranium confirms potential competing bid for Ezulwini

Beleaguered mining firm First Uranium on Tuesday confirmed it had received an expression of interest from a group comprising Russia’s Renova, which the company said could culminate in an offer for its Ezulwini mine $10-million greater than an...
 
 
 
 
 
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