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Jul 29, 2015
Updated 3 hours ago The price of electricity generated by nuclear power is expected to be higher than that from any other technology except for gas and diesel‚ two separate and independent analyses have found‚ the newspaper reported. The government is pressing ahead with a politically...
Jul 28, 2015
Transnet National Ports Authority CIO Mmutle Lentle
State-owned enterprise Transnet National Ports Authority’s (TNPA’s) new Web-based integrated port management system (IPMS) went live on July 26 at the Port of Durban, with crude oil tanker Colorado being the first vessel to be brought into the port using the new...
Jul 28, 2015
Mozambique's coal rush is officially over and the government is now looking offshore to a gas bonanza, according to analysts at a coal conference this week in the capital Maputo. Just a few years ago, billions of dollars poured into Mozambique, one of the world's...
Jul 27, 2015
A year after Rio Tinto pulled the plug on its Mozambique coal venture, the Indian company that bought the assets is planning an ambitious expansion. The Benga mine acquired from Rio by International Coal Ventures Private Limited (ICVL) has a current production...
Jul 27, 2015
Telecommunications group Vodacom on Monday announced the resignation of CFO and executive director Ivan Dittrich, effective July 31. Vodacom South Africa executive director for finance Till Streichert would succeed Dittrich, who was leaving to pursue his own interests.
Jul 24, 2015
Transnet National Ports Authority has awarded V&A Waterfront the status of preferred bidder for the development of a cruise terminal at the Port of Cape Town.
Jul 23, 2015
CLEANTECH RISING Semifinalists of Unido's Global Cleantech Innovation Programme undergo a training and mentorship programme to help develop their SMEs
Twenty-eight teams, which were announced earlier this month, have reached the semifinals of the South African leg of the 2015 United Nations Industrial Development Organisation’s (Unido’s) Global Cleantech Innovation Programme for small and medium-sized enterprises...
Jul 21, 2015
Local banking firm Standard Bank South Africa (SBSA) believes it can, through the launch of a new unit that assists larger entities meet their black economic-empowerment (BEE) targets, meet the challenges posed by the implementation of the new BEE codes. It noted...
Jul 20, 2015
Jul 20, 2015
Jul 17, 2015
Jul 16, 2015
 
 
 
Jul 16, 2015
We wish to advise that the Board of Directors has appointed Mr Garry Pita as acting Group Chief Financial Officer with effect from 01 August 2015. Mr Pita’s appointment follows a decision by the Boards of Directors at Transnet and Eskom to second Mr Anoj Singh to...
Jul 16, 2015
The global payments chain is coming under increasing pressure due to the increase in the number of days it takes to be paid for goods and services, and the challenges of economic slowdown in emerging markets and expansion in advanced economies, according to Euler...
Jul 16, 2015
Eskom announced on Wednesday that four of its senior executives who were suspended earlier this year have been cleared of any wrongdoing. In March chairperson Zola Tsotsi announced that four executives – CEO Tshediso Matona, finance director Tsholofelo Molefe, group...
Jul 15, 2015
Kenya will sign a $350-million loan with six commercial banks on Wednesday to help finance a refined products pipeline between Mombasa and Nairobi, the Kenya Pipeline Company (KPC) has told local newspapers. The State-run company awarded construction of the 450-km...
Jul 15, 2015
The World Economic Forum said on Tuesday that it would announce three new initiatives to unlock billions of dollars of investment to help meet the United Nations Sustainable Development Goals (SDGs). The initiatives are to take the form of Blended Finance initiatives...
Jul 14, 2015
DIALOGUES OVER THE YEARS Over the past three years of Dialogues, role players and stakeholders have faced many hurdles in the race to develop South Africa’s infrastructure. Some have cleared these hurdles and others have not. Going forward, achieving a better...
Jul 10, 2015
Although the level of copper theft had decreased to R12.9-million in May, from R13.6-million in April, the volume of copper theft had increased to 180 t, compared with 179 t in April, the South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft...
Jul 09, 2015
Junior exploration companies had been butchered in the brutal aftermath of the Great Recession, from December 2007 to June 2009; however, one of the defining features of a successful junior explorer in today’s market was productivity. Companies making tangible...
Jul 09, 2015
Nuclear energy’s share of the world’s electricity generation mix may have pared down in the past decade, but hopes that this technology will once again account for nearly one-fifth of total supplies from around 2050 remain. And the Brics grouping of Brazil, Russia,...
Jul 09, 2015
As part of its initiative to provide management and financial support for young entrepreneurs, the Small Enterprise Finance Agency (Sefa) hosted a youth entrepreneur’s event in Soweto last month to address challenges faced by the youth in their businesses.
 
 
 
 
Jul 09, 2015
The Democratic Alliance (DA) is considering initiating criminal charges over the Tshwane smart meters tender saga. On Thursday, the DA’s Lex Middelburg said his party had unravelled new material and correspondence which show that the municipality concluded a contract...
Jul 09, 2015
As pay equity continues to top the agenda of unions, regulators, workers and company shareholders alike, PwC warned on Thursday that focus needed to be drawn to the living wage and unemployment to avoid a knee-jerk reaction that could see an exodus of professionals....
Jul 09, 2015
The development of a savings culture is not only appropriate for individuals, but for businesses too, a financial expert said. With July being Savings Month, it was right that South Africans begin to develop a culture of savings, according to Elize Giese, head of...
Jul 07, 2015
Canada's main stock index erased a sharp fall to end in positive territory on Tuesday, with energy stocks rebounding with oil prices and utilities gaining on bets the Bank of Canada could cut rates next week to stimulate a struggling economy. The Toronto Stock...
Jul 07, 2015
A Tanzanian court sentenced two former ministers to three years in jail on Monday over corruption charges related to the award of a gold audit tender, according to court documents. The convictions of former Finance Minister Basil Mramba and former Energy and Minerals...
Jul 06, 2015
• Dell and Microsoft join forces to survey IT professionals in South Africa on use of mobile devices in the workplace • 95 percent of employees in South African companies use mobile devices when working within the office • Survey highlighted the technology...
Jul 03, 2015
Pan-African multinational energy corporation Oando has appointed Dr Tanimu Yakubu Muhammad to its board, effective immediately, following the resignation of nonexecutive director Nana Appiah-Korang. Appiah-Korang tendered her resignation owing to increasing demands...
Jul 03, 2015
TSX-V- and ASX-listed Strata-X Energy has appointment Greg Hancock as a nonexecutive director effective immediately, following the resignation of Don Schurman on Wednesday. Strata-X president Tim Hoops said on Thursday that Hancock’s extensive knowledge of corporate...
Jul 01, 2015
Port of Cape Town
Transnet National Ports Authority (TNPA) has selected the V&A Waterfront as the preferred bidder for the development of a cruise terminal at the Port of Cape Town. The V&A Waterfront would invest about R179-million to finance, design and develop the terminal, which...
Jul 01, 2015
Finance Minister Nhlanhla Nene
The South African government confirmed on Wednesday that it had sold its 13.91% stake in telecoms group Vodacom to help finance a R23-billion capital injection into embattled State-owned electricity utility Eskom. The shares were sold to the Public Investment...
 
 
 
 
Jun 26, 2015
The reality is that South Africa as a country, and southern Africa as a region, has massive infrastructure backlog that public budgets just cannot address from a financial perspective, particularly if these requirements are planned and funded in a similar fashion to...
Jun 25, 2015
Tsholofelo Molefe
Shedding yet another member of its executive management team, energy utility Eskom said on Thursday that it and FD Tsholofelo Molefe had “mutually agreed to part ways on an amicable basis”. “Both parties believe that the agreement to separate is in the best interest...
Jun 24, 2015
South Africa is a developing economy that is still in the process of industrialising.This stage is characterised by the need to develop both its upstream and downstream industries using the wealth from its resource base. In South Africa’s case, as is the case in many...
Jun 23, 2015
The South African Branch of the German based manufacturer of high-quality industrial diesel engines has moved to a new facility. The relocation underlines the commitment to the Southern African market, offers an improved customer service and emphasises the premium...
Jun 22, 2015
Mineral sands company MZI Resources, which is developing the Keysbrook project in Western Australia, has appointed John Westdorp its new CFO. Westdorp joins MZI from ASX-listed Centaurus Metals, where he held the role of CFO from late 2012. Prior roles include MD of...
Jun 18, 2015
Recent and current developments compels one to cite achievements and challenges in the midst of the current power crisis. Embedded generation is becoming a reality for businesses and households, thanks to the initiative by the National Energy Regulator of South...
Jun 18, 2015
Over 46 percent of CFOs rely on “gut-feel” and instinct to make business decisions in lieu of fast access to accurate internal data, a practice that can delay decision making, introduce errors, and erode profitability. These are just a few negative outcomes stemming...
Jun 16, 2015
Gold miner Doray Minerals has repaid a loan over its newly acquired Deflector gold project, in Western Australia. In May this year, Doray announced that it had reached an agreement with Sandstorm Gold to terminate a metals purchase agreement over the Deflector gold...
Jun 10, 2015
DTC chairperson Dennis Davis
The current tax system could assist in lessening the inequality gap in South Africa, but was not the solution to the country’s challenges, said Judge Dennis Davis, head of the Davis Tax Committee (DTC), on Wednesday. “Tax is not the panacea for all ills in society....
Jun 09, 2015
Tanzania-focused mineral exploration company Kibo Mining can now “significantly increase” the pace at which feasibility work at its $760-million Mbeya coal-to-power-project (MCPP) can be concluded, after construction and engineering company Chinese Shandong Electric...
 
 
 
 
Jun 08, 2015
The South African Revenue Service (Sars) is taking its former spokesperson to court for alleged defamation, Netwerk24. This is the latest in an ongoing drama since Adrian Lackay submitted a letter titled "Sars: This is the inside story" to two parliamentary...
Jun 05, 2015
Despite high economic growth, competitiveness in Africa is stagnating, and even falling in some economies, the African Competitiveness Report has warned. The report, released at the World Economic Forum on Africa, in Cape Town, cautioned that prospects for long-term...
Jun 04, 2015
South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure shortfalls, high youth unemployment, as well as inadequate education and technical skills availability as key challenges to the...
Jun 04, 2015
Technology services provider EOH is acquiring between 49% and 80% of Pan-African information technology (IT) applications and business solutions provider Twenty Third Century Systems (TTCS) and its subsidiaries, for an undisclosed amount. “TTCS will significantly...
Jun 02, 2015
WNA director-general Agneta Rising
In the next two decades nuclear energy’s share of the world’s power generation mix is projected to increase by several percentage points from 11% currently, as countries strive to meet growing demand by deploying technologies that do not exacerbate global warming....
 
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