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Topic - Finance
Jan 23, 2015
Eskom CEO Tshediso Matona believes positive results from the current turnaround plan at the embattled utility will begin showing through in the next 18 to 24 months and has committed to continue “telling it as it is and telling it like it has never been told” so that...
Jan 22, 2015
The European Central Bank kept the cost of borrowing unchanged on Thursday and remains poised to announce a plan to buy government bonds with new money, its last gambit for breathing life into a euro zone economy. "Further monetary policy measures will be...
Jan 22, 2015
South Africa plans to inject $870-million into cash-strapped state utility Eskom as early as around June, a finance ministry spokesman said on Thursday, as part of its strategy to raise funds for the power company. Pretoria said in October it would sell...
Jan 21, 2015
Philippe Mellier
The low oil price is expected to benefit the diamond business, De Beers CEO Philippe Mellier has told sightholders. At a reception in Botswana to mark the first 12 months of sightholder sales in Gaborone, Mellier outlined how the downwardly trending oil price could...
Jan 20, 2015
Namibia's transport minister on Tuesday welcomed the first five refurbished locomotives from South Africa to be used by the state's TransNamib enterprise. "TransNamib last September embarked on a turn-around strategy approved by government and this includes...
Jan 19, 2015
Jan 19, 2015
The value of ASX-listed junior Southern Gold’s Cannon project, in Western Australia, has increased by some 50%, the junior said on Monday, buoyed by the recent upturn in the Australian dollar gold price. A feasibility study for the Cannon project estimated that...
Jan 16, 2015
Tenders are invited for selection of independent developers to upgrade, finance, operate and maintain six operational micro hydropower plants, Rwanda 25371969 Email: CD February 12, 2015.
Jan 16, 2015
Jan 06, 2015
Jan 06, 2015
Dec 30, 2014
Dec 29, 2014
A proposed board member of Switzerland's Sika, set to be controversially acquired for $2.8-billion by Saint-Gobain, said on Monday he is withdrawing his candidacy after concluding he would not be independent. The move is a setback for the Burkard-Schenker family,...
Dec 11, 2014
Independent upstream oil & gas company SacOil has appointed Sasol corporate finance VP Damian Matroos company CFO with effect from February 1, 2015, replacing acting FD Tariro Mudzimuirema, who would return to the position of FM on the same date.  Matroos holds a...
Dec 11, 2014
ASX-listed Northern Minerals was on track to complete the definitive feasibility study (DFS) on its Browns Range heavy rare earths project, in Western Australia, by February next year, the company reported on Thursday. Northern Minerals was hoping for a 2016...
Dec 08, 2014
Multicommodity natural resources company Premier African Minerals has placed an order for a $2.2-million processing plant for its 49%-owned RHA tungsten project (RHA) in Zimbabwe, advancing the miner’s goal of reopening the mine. The process plant was designed to...
Dec 08, 2014
Besides tenders for cruise terminals at the Cape Town and Durban harbours, Transnet National Ports Authority (TNPA) plans to release a series of request for proposals (RFPs) in the coming months for terminal prospects at a number of the country’s commercial ports. As...
Dec 08, 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...
Dec 05, 2014
South Africa and China this week entered into several strategic agreements to strengthen bilateral relations, trade cooperation and create sustainable mutual investment opportunities. The two countries signed a five- to ten-year Strategic Programme on Cooperation...
Dec 05, 2014
State-owned electricity utility Eskom is forecasting a dramatic slump in profitability for the full-year to March 31, 2015, with CEO Tshediso Matona indicating that its profit is likely to fall to R500-million in 2014/15 from nearly R7.1-billion in 2013/14. Releasing...
Dec 05, 2014
Business Partners Limited has launch a R150-million Education Fund to provide existing and aspiring entrepreneurs in the educational sector with the risk capital and mentorship required to pursue projects. “Education remains a major challenge in South Africa and has...
Nov 28, 2014
The A9 Gaasperdammerweg public-private partnership project has reached financial close.
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 17, 2014
Integrated poultry producer Astral Foods has boosted year-on-year headline earnings from R165.1-million for the previous year to R329.7-million for the 2014 financial year, largely owing to a continued turnaround in the profitability of the group’s poultry division....
Nov 14, 2014
Babcock, sole importer and distributor of DAF trucks in Southern Africa, has established Babcock Financial Services (BFS), with the purpose of providing finance solutions to DAF truck buyers. Babcock Africa Transport Solutions CEO Wilna Steyn believes this move will...
Nov 14, 2014
A recent media report alluded to 'technical' constraints for additional power from current renewable energy rollout. The argument is that the grid will not be able to cope with additional power that will be commissioned through current government programmes. There is...
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.
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