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Topic - Finance
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 21, 2014
The Zimbabwe Stock Exchange (ZSE) has been transformed into a company from a mutual society, opening the way for a public listing on the bourse it operates, finance minister Patrick Chinamasa said on Monday. The ZSE has been owned and run by stock brokers since 1946,...
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
Jul 14, 2014
Jul 11, 2014
Jul 11, 2014
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 07, 2014
Sibanye Gold CEO Neal Froneman
South Africa's Sibanye Gold has been in talks with almost all of the major platinum producers in its quest to buy an asset in the sector this year and can easily raise the money to fund such a deal, its chief executive said on Friday. "We have been through the front...
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...
Jul 03, 2014
South Sudan plans to borrow 3-billion pounds, about $1-billion at the official rate, from oil firms during the financial year 2014/15 to help cover repayments due on domestic loans and previous oil advances, the government said in a budget document. It expects...
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...
Jun 24, 2014
It is critical that South Africa’s strategic infrastructure projects are prioritised and implemented by learning from successful programmes, such as the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP), as the country’s economy...
Jun 24, 2014
The number of people employed in the formal nonagricultural sector of the South African economy increased by about 9 000 persons, or 0.1%, from December last year to an estimated 8.5-million employees in March, Statistics South Africa’s (Stats SA’s) latest...
Jun 20, 2014
SCARCE SKILLS Skilled employees between the ages of 50 and 60 and will soon retire… while we have training programmes, it is difficult to attract new entrants into the industry
The South African fastener sector is losing specialised skills as veteran workers are retiring, without skills transfer taking place. The industry also struggles to attract skilled graduates, says local standard nuts, bolts and other special fasteners manufacturer...
Jun 20, 2014
The National Energy Regulator of South Africa (Nersa) has requested additional information from Eskom relating to its regulatory clearing account (RCA) application arising from the second multiyear price determination period (MYPD2), which was in operation between...
Jun 19, 2014
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, said WesBank in a statement released on Thursday. These include the use of large balloon payments (also known as residuals),...
Jun 18, 2014
Should President Jacob Zuma sign into law the Private Security Industry Regulation Amendment Bill, which includes a clause relating to the dilution of foreign ownership, there could be many unintended negative consequences for the South African economy, says the...
Jun 17, 2014
Terex Washing Systems are announcing more exciting news for their valued customers at Hillhead Sho, Buxton, Derbyshire, 24th to the 26th June (stand H6), when they will unveil details about an exclusive UK finance offer available through Terex Financial Services. The...
Jun 12, 2014
Terex Washing Systems are announcing more exciting news for their valued customers at Hillhead Sho, Buxton, Derbyshire, 24th to the 26th June (stand H6), when they will unveil details about an exclusive UK finance offer available through Terex Financial Services. The...
Jun 11, 2014
Supply chain integration across  all departments is the key to resilient supply chains which, in turn, lead to  more resilient businesses. “Businesses don’t just become  resilient by themselves,” says SAPICS  President Cobus Rossouw, fresh...
Jun 06, 2014
Power utility Kenya Electricity Generating Company (KenGen) has injected life into plans to implement geothermal power projects that have failed to take off owing to a financial crunch. About two years ago, KenGen announced it intended developing up to 560 MW of...
Jun 05, 2014
An innovative competition aimed at stimulating the use of big data to highlight the impacts of climate change has received an overwhelming response from the global scientific community, prompting organizers of the “Big Data Climate Challenge” to announce...
Jun 05, 2014
The current iron-ore price uncertainty was a significant challenge for junior miners trying to obtain finance for their projects in Africa, International Finance Corporation (IFC) mining investment division senior investment officer Sacha Backes told delegates at the...
Jun 04, 2014
GCIS acting CEO Phumla Williams
Government has welcomed the latest Foreign Direct Investment (FDI) rating, as it indicates that South Africa’s strategic partnership with investors form abroad was producing good spin-offs. This comes after AT Kearney’s 2014 FDI Confidence Index revealed that...
Jun 04, 2014
Jun 04, 2014
Eskom's Megawatt Park head office
Senior executives at State-owned electricity supplier Eskom have agreed to forgo their bonuses for the financial year 2013/14 in light of the financial constraints afflicting the utility and ahead of possible Cabinet deliberations on additional future support for the...
May 30, 2014
A wastewater treatment project near the city of Windhoek’s northern industrial zone has been designed to treat up to 5 000 m3/d of industrial wastewater for re-use and irrigation, and is one of the city’s key water infrastructure projects aimed at complying with...
May 26, 2014
Siefsa CEO Kaizer Nyatsumba
President Jacob Zuma's new Cabinet is too big and will be too costly, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Monday. "While we understand that Cabinet appointments offer the president an opportunity to reward his...
May 26, 2014
Deputy President Cyril Ramaphosa and President Jacob Zuma
President Jacob Zuma's newly-announced Cabinet was largely welcomed on Sunday as being able to drive socio-economic transformation forward, but the official opposition was decidedly less excited about the prospects. The African National Congress (ANC) believed the...
May 23, 2014
The Gauteng Partnership Fund (GPF) is hosting a Property Entrepreneur Seminar for property entrepreneurs aiming to develop affordable housing projects in Gauteng on June 4 in Auckland Park, Johannesburg.
May 20, 2014
Ever heard of the subscription economy?  Already a massive trend internationally, this new economy has emerged as a result of the Software as a Service evolution and has inconspicuously changed the requirements for business software and how they work.  This...
May 20, 2014
Globeleq, the leading private power generation company in Africa has celebrated completion of two of its renewable energy projects in South Africa.  On site ceremonies were held to mark the occasion and were well attended by national, local government, industry and...
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