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Topic - Finance
Nov 24, 2014
Outgoing VWSA MD David Powels
Volkswagen South Africa (VWSA) has named engineer and Volkswagen Group (VWAG) foreign plants production head Thomas Schäfer as its new MD, following the planned deployment of current MD David Powels as president of VW Brazil, from February next year. Schäfer had been...
Nov 21, 2014
Driver training is one of the single biggest interventions that can salvage the tarnished reputation of the transport sector, which is currently seen as a high-risk industry owing to the number of buses and trucks causing carnage on South African roads, says...
Nov 21, 2014
Engineering support services company Babcock Africa, sole importer and distributor of DAF trucks to the Southern African market, announced in October that it had established a dedicated finance company, Babcock Financial Services (BFS). “This development will give...
Nov 21, 2014
Main Activity of the Company: Engineering consulting, construction, maintenance and infrastructure asset management Place of Birth: Akwete, Nigeria
Nov 21, 2014
The World Trade Organisation (WTO) released on October 28 the 2014 editions of its key statistical publications: International Trade Statistics, Trade Profiles, World Tariff Profiles and Services Profiles. International Trade Statistics 2014 provides a detailed...
Nov 20, 2014
Vedanta Resources’ Zinc International subsidiary CEO designate Deshnee Naidoo
Vedanta Resources’ Zinc International subsidiary has appointed former Anglo American Thermal Coal CFO Deshnee Naidoo as CEO designate.
Nov 19, 2014
Barrick Gold Corp named mining industry veteran Shaun Usmar as its CFO designate on Tuesday, marking the latest shake-up at the world's biggest gold miner. Usmar, the former finance head of Xstrata Nickel, is set to replace Ammar Al-Joundi, who will be leaving...
Nov 19, 2014
Nigeria's long-awaited Petroleum Industry Bill (PIB) is not expected to be voted on by parliament before a planned general election in February 2015, the finance minister said on Tuesday. The bill, which is expected to reform Africa's top oil producer's oil taxes and...
Nov 17, 2014
Nov 17, 2014
Nov 14, 2014
Nov 14, 2014
Nov 11, 2014
The number of companies that have delisted from the TSX and the TSX-V is far fewer than many commentators predicted, while the level of financing activity by mining companies on both exchanges has also increased, attendees at the mineLatinAmerica convention, in...
Nov 11, 2014
The share price of ASX-listed junior Southern Gold jumped by 14% on Tuesday on news that the company planned to be in production by 2015, after settling a finance and development agreement with fellow-listed Metals X over the Cannon gold resource, in Western...
Nov 11, 2014
Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced the availability of a new Total Economic Impact™ study that examines the potential return on investment...
Nov 07, 2014
GIBB Engineering’s Structural Engineer, Adéle Lombard received the Investec Award for Young Professional of the Year at the first South African Professional Services Awards hosted at Emperors Palace recently. The event recognised various players excellence in a...
Nov 06, 2014
The US recovery will continue to advance, supporting the uptake and price of several commodities into 2015, CIBC senior economist world markets Peter Buchanan told an audience at the mineLatinAmerica symposium on Tuesday. Even gold, which had come under price...
Oct 31, 2014
The CellCube vanadium flow energy-storage systems sold by TSX-V-listed American Vanadium in North America has received Underwriters Laboratories (UL) 508A certification, which is considered the single-most-accepted product accreditation in the US and generally a...
Oct 31, 2014
The German government has committed a further R70-million towards the second phase of the Non-Motorised Transport (NMT) programme. The NMT programme forms part of the Department of Environmental Affairs’ 2010 FIFA World Cup National Greening Legacy Programme.
Oct 30, 2014
Australian companies were spending about A$250-billion each year on efforts to comply with rules and regulations, advisory firm Deloitte reported on Thursday. In its fourth edition of the Building the Lucky Country series, Deloitte noted that about A$95-billion was...
Oct 23, 2014
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 17, 2014
Oct 10, 2014
Cape Town is on a drive to strengthen its position as a key business capital in Africa. The Mother City is keen to retain its reputation as a leading tourist destination, but wants to be taken more seriously as a destination for local and international investment...
Oct 10, 2014
SYSTEM UPGRADE The new wastewater treatment plant replaces the region’s older Ujams wastewater treatment plant, located about 20 km north of Windhoek
A R125-million water infrastructure project in Namibia, undertaken by water treatment company Veolia Water Solutions & Technologies South Africa, will enhance the wastewater treatment in an industrial zone near the country’s capital Windhoek.
Oct 09, 2014
More than R7-billion in funding for key infrastructure projects in KwaZulu-Natal is waiting in the wings, with billions more likely to follow the second KwaZulu-Natal Infrastructure Funding Fair, audit and consulting firm Deloitte has said of the event, which it is...
Oct 09, 2014
Babcock, sole importer and distributor of DAF trucks in Southern Africa, on Thursday announced that it had established Babcock Financial Services (BFS), with the purpose of providing finance solutions to DAF truck buyers. Babcock Africa Transport Solutions CEO Wilna...
Oct 03, 2014
Although Southern Africa faces the global challenge of meeting the triple bottom line of energy affordability, security of supply and reducing its carbon footprint, it is rich in natural energy resources, which must be harnessed to deal with these and other energy...
Oct 03, 2014
Chinese technology giant Huawei has ranked South Africa 18 in its Global Connectivity Index (GCI), which was launched at the Huawei Cloud Congress in Shanghai, China, last month.
Sep 30, 2014
Waterfall City
The sweeping R4.5-billion Waterfall City development has the potential to become Gauteng’s new central business district (CBD), enabling large corporates to consolidate their Johannesburg bases while providing scope for future expansion, property developer Attacq CEO...
Sep 30, 2014
Aim-listed African Consolidated Resources’ (AFCR’s) acquisition of the Dalny mine, from Falcon Gold Zimbabwe (Falgold), has fallen through, as the company was unable to raise funding for the deal. AFCR had been trying to raise $12-million required as a precondition...
Sep 29, 2014
London Mining’s efforts to secure a substantial investment have progressed as the Sierra Leone-focused iron-ore explorer enters “detailed negotiations”. The LSE-listed group on Monday said the proposed investment – if successful – would take several weeks to implement.
Sep 17, 2014
Jamie Sokalsky
Former Barrick Gold CEO Jamie Sokalsky has been appointed director and chairperson designate of TSX-V-listed Probe Mines. He would join the board immediately, but would only take up the position of chairperson when current chairperson Patrick Reid retired on October 29.
Sep 10, 2014
Unctad economist Alex Izurieta
Given the insufficiency of global demand, it is highly unlikely that international trade alone will be able to kick-start economic growth, a new United Nations Conference on Trade and Development (Unctad) report argues. The Trade and Development Report 2014 notes...
Sep 09, 2014
Sep 05, 2014
Junior gold developer Gryphon Minerals would start construction at its Banfora gold project, in Burkina Faso, by the first quarter of 2015, COO Steve Zaninovich told Paydirt’s Africa Downunder. Zaninovich said the company was on the cusp of obtaining finance from...
Sep 05, 2014
Private education institution Maragon Private Schools Olympus, in Pretoria, will launch its Solar Eagle solar car at the Sasol Solar Challenge 2014, an eight-day biennial solar car race, which will take place from September 27 to October 4.
Sep 05, 2014
The ninth World Congress on Engineering Asset Management (WCEAM) will be held at the International Convention Centre, Council for Scientific and Industrial Research, in Pretoria, from October 28 to 31 and will explore complementary disciplines that constitute the...
Sep 05, 2014
Compared with Europe, where more than 70% of corporates outsource the finance and management of their fleet, the South African market is well behind the global trend, says Eqstra Fleet Management (EFM) head of consulting Hein du Plessis. Only 30% of companies in...
Aug 29, 2014
Atlatsa Resources on Friday announced the appointment of Boipelo Lekubo as CFO, effective September 1. Lekubo, a chartered accountant, had previously held finance and accounting roles at Total Coal South Africa and Northam Platinum and currently served as alternate...
Aug 29, 2014
To bolster its argument that renewable energy is critical to combating climate change, the World Wide Fund for Nature-South Africa (WWF-SA) has commissioned a series of reports that investigates the state of renewable energy in the country, focusing on how it can be...
Aug 29, 2014
The Elijah Barayi Memorial Training Centre’s (EBMTC’s) efforts to empower women in the construction industry are starting to manifest as one of its students has graduated from the University of the Western Cape (UWC) through the support of the EBMTC.
Aug 26, 2014
Lamenting a “chicken and egg” scenario in the local liquefied natural gas (LNG) industry, South African Oil and Gas Alliance CEO Ebrahim Takolia has argued that South Africa should first increase the size and distribution network of the local gas market – initially...
Aug 22, 2014
Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
Aug 22, 2014
IXAS Zuid-Oost has been selected as the bidder for the A9 Gaasperdammerweg project.
Aug 22, 2014
Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
Aug 22, 2014
Current expectations in the automotive industry are for the domestic new vehicle market to decline to around 619 000 units in 2014, down from the 651 745 units sold in 2013, says Absa vehicle and asset finance head Wessel Steffens. “Interest-rate sensitive sectors in...
Aug 21, 2014
Pan African telecoms operator, Gondwana International Networks has announced that its iWayAfrica business has launched a managed infrastructure and services solution for the SME market in Uganda.  The  new product offering has been done in conjunction with managed...
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