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Topic - Finance
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...
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...
Aug 18, 2014
Petra CEO Johan Dippenaar
London-listed Petra Diamonds on Monday announced a scope change at its Finsch diamond mine in the Northern Cape, which brings forward by three years higher levels of undiluted production from a sub-level cave project. Petra CEO Johan Dippenaar and FD David Abery,...
Aug 18, 2014
The National Youth Development Agency (NYDA), Industrial Development Corporation (IDC) and the Small Enterprise Finance Agency (sefa) have launched a R2.7-billion Youth Fund aimed at creating millions of sustainable jobs. The launch took place at Langa township in...
Aug 15, 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 15, 2014
Aug 14, 2014
Aug 12, 2014
Aug 12, 2014
Aug 11, 2014
Cape Town will not have tolled freeways like Gauteng, the South African National Roads Agency Limited (Sanral) said on Sunday. "Firstly, whereas in Gauteng we went out to borrow money in order to build the road, with Cape Town we will be appointing a concessionaire...
Aug 08, 2014
A new report has revealed that nine out of ten of more than 5 000 “desktop Internet users” surveyed from May to June accessed the Internet through their smartphones. The August edition of the South African Mobile Report, undertaken by digital audience, brand and...
Aug 06, 2014
South Africa-focused thermal coal producer Continental Coal on Wednesday announced that it had successfully arranged a fully underwritten nonrenounceable pro rata rights issue to raise about A$35.1-million to recapitalise the company’s balance sheet. The offer, for...
Aug 05, 2014
US President Barack Obama
President Barack Obama will announce on Tuesday that US businesses have committed to investing $14-billion in construction, clean energy, banking, and information technology projects across Africa, a White House official said. The announcement will occur at the...
Aug 05, 2014
World Bank President Jim Yong Kim
Poorly fed children rob Africa of up to 16% of its potential growth, making investment in programmes to end malnutrition as critical to the continent’s future as building bridges and roads, African leaders and development officials said on Monday. Almost half all...
Aug 01, 2014
Codelco, the world's biggest copper producer, will receive $4-billion in state financing through 2018 to help pay for an ambitious investment plan, Chile's finance minister said on Friday. The state-run firm will receive around $3-billion via treasury-issued debt...
Aug 01, 2014
Aug 01, 2014
Steel producer ArcelorMittal South Africa (AMSA) has confirmed that the reline project at its Newcastle mill, in KwaZulu-Natal, has hit snags and that the project, which was initially expected to be completed four months after the May 12 shutdown began, will be...
Aug 01, 2014
Human Settlements Minister Lindiwe Sisulu was considering the formation of a Women Construction Bank to focus on financing women-led cooperatives and construction companies involved in community infrastructure and human settlements projects. Delivering a keynote...
Aug 01, 2014
As South Africa-focused thermal coal producer Continental Coal progressed a A$35.1-million rights issue and a recapitalisation plan, a proposed listing on the JSE has been postponed and trading halts on the Aim and ASX remained firmly in place. Trading in the...
Aug 01, 2014
RICE TAG The real costs of operating Rea Vaya have become clear
Phase 1A of Johannesburg’s Rea Vaya bus rapid transit (BRT) system should carry around 42 000 people a day, while it was been expected that Phase 1B, rolled out last year, would add another 60 000 daily passengers. However, the entire system is currently carrying...
Jul 31, 2014
BIG-hearted staff from Southport engineering firm Lattimer have smashed through the £10,000 charity fundraising barrier after completing a gruelling 50-mile trek across the Pennines. Lattimer finance director Carl Stead and engineer Richie Lewis took part in Trek...
Jul 25, 2014
Responding in writing to a recent Parliamentary question by the Democratic Alliance, Transport Minister Dipuo Peters has provided an update for each of the country’s 13 bus-rapid transport (BRT) systems, noting that each network is at a different stage of...
Jul 25, 2014
Sacci CEO Neren Rau
Neren Rau, South African Chamber of Commerce and Industry (Sacci) CEO, sat down with Tracy Hancock of Engineering News to speak about the career path that led to his employment at Sacci and his next career move As Neren Rau nears the end of his second contract at...
Jul 23, 2014
Canadian gold producer San Gold this week signed a nonbinding letter of intent to buy TSX-listed Kerr Mines in an all-scrip deal that would see San Gold take control of the Copperstone gold mine, in Arizona. San Gold president and VP of finance Gestur Kristjansson on...
Jul 23, 2014
The World Bank group and the Swiss State Secretariat for Economic Affairs (Seco) on Wednesday signed an agreement for a four-year $4.12-million multidonor trust fund programme to support efforts by the South African government to strengthen its financial regulatory...
Jul 23, 2014
Iron-ore developer Iron Road has undertaken an optimisation study on its flagship Central Eyre project, in South Australia, with the aim of increasing production from 21.5-million tonnes a year to 24-million tonnes a year. A previously conducted definitive...
Jul 18, 2014
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
Jul 18, 2014
The entire Rea Vaya system is carrying only 35 000 people per weekday on average, says Rea Vaya finance and administration director Brendan Petersen.
Jul 18, 2014
The International Chamber of Commerce (ICC) released its Global Survey 2014: Rethinking Trade and Finance on July. This is its largest and most comprehensive survey to date, including data from 298 banks across 127 countries. The survey concludes that the growth rate...
Jul 14, 2014
The introduction of the amended Broad-Based Black Economic-Empowerment Codes of Good Practice on May 1, 2015, could result in more than half the economy becoming noncompliant. The revamped codes were published on October 11, 2013, and the transitional period was...
Jul 11, 2014
Phase 1A of Johannesburg’s Rea Vaya bus rapid transit (BRT) system should carry around 42 000 people a day, while it had been expected that Phase 1B, rolled out last year, would add another 60 000 daily passengers. However, the entire system was currently carrying...
Jul 11, 2014
AWAITING OPPORTUNITIES SMS group, through its office in Johannesburg, is well placed to provide plant equipment for steel plants in Africa
Steel plant processing technology, equipment and services specialist SMS Siemag, a division of SMS group, supplier of processing technology, equipment and services for the ferrous, ferro-alloy and non-ferrous metals industries, says there is potential to establish...
Jul 11, 2014
General Electric (GE) South Africa's R500-million investment into a customer innovation centre (CIC) in Gauteng and another R200-million into a supplier development vehicle (SDV) to promote job creation and skills development among the country's black small and...
Jul 11, 2014
US technology multinational GE has unveiled a R700-million commitment to support innovation as well as enterprise and skills development in South African – an investment that was also closely aligned with government's increasing demand for localisation when...
Jul 10, 2014
After announcing during his inaugural State of the Province Address on June 27 that the Gauteng provincial government would set up a panel to review the long-contested e-toll system, Gauteng premier David Makhura on Thursday announced the names of ten of the fifteen...
Jul 08, 2014
Yunus Carrim
Parliament is to hold public hearings on the Bill that seeks to extend the mandate of the Development Bank of Southern Africa (DBSA) across the continent. "We will give the Bill to independent experts. We need people who have technical expertise," chairperson of the...
Jul 04, 2014
On June 9, the International Chamber of Commerce (ICC) released the Trade Register Report 2014, which provides empirical evidence that, in all forms, trade and export finance is a low-risk bank-financing technique. The ICC supports trade finance as a strong...
Jul 04, 2014
Eskom reports progress on the Majuba rail project.
Jul 03, 2014
President Jacob Zuma
President Jacob Zuma has appointed several inter-ministerial committees (IMCs), his office said on Thursday. "The IMCs are appointed by the president (and in certain instances by Cabinet) to serve a very specific purpose that is deemed to require the dedicated...
Jun 30, 2014
Transport systems and infrastructure are the lifeblood of any economy. It facilitates the movement of raw materials to manufacturers and final products to market. Without it, the economy simply would not function. However a great deal of emphasis is placed on...
Jun 27, 2014
South Africa’s National Development Plan emphasises the critical and indispensable role of manufacturing as a key driver of economic growth, and a segment in which this country could achieve greater outcomes is the manufacture of mining equipment. There are...
Jun 27, 2014
GREG McKENZIE It was a complex set of terms we provided GPR Leasing, which set out the basis on which the funding would be made available
Freight and logistics services provider Grindrod Freight Services partnered with infrastructure investment company Pembani-Remgro-Infrastructure Fund to form Mauritius-based rolling stock leasing company GPR Leasing Africa, in January. Financial institution Rand...
Jun 26, 2014
Jun 26, 2014
SA’s largest professional accounting body believes responsible leadership is crucial to delivering economic transformation – and SAICA members in various key positions are working hard to make it universal. It might seem odd that “responsible leadership” is...
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