R/€ = 14.10
R/$ = 10.74
Au 1264.27 $/oz
Pt 1411.00 $/oz
Sep 02, 2014
Rhodes Food Group Holdings, a South African manufacturer of frozen food and prepared meals, said on Monday it planned to raise R600-million ($56-million) through a listing in Johannesburg. Rhodes, which supplies major retailers such as Pick n Pay and Shoprite with...
Aug 22, 2014
Main Activity of the Company: Acquiring, managing and developing residential properties in Gauteng Date and Place of Birth: February 10, 1970, Johannesburg Education: Matric, Saint Stithians; BCom (Hons), University of the Witwatersrand; CA(SA) First Job: Wearing a...
Aug 21, 2014
JSE-listed Group Five on Thursday said it had secured a three-year R4-billion engineering, procurement and construction contract for the design and build of a 350 MW gas- and oil-fired combined cycle power plant in Ghana. Ghana-based Cenpower Generation would issue...
Jun 27, 2014
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 11, 2014
The World Bank has made a further material downward revision to South Africa’s growth outlook for 2014, citing tense labour-market conditions as a key reason, along with weak electricity supply and tighter monetary policy. The bank’s latest Global Economic...
Jun 10, 2014
The Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) business confidence index (BCI) remained unchanged at a low 41 points during the second quarter of the year, indicating that 60% of the survey respondents continued to be unhappy with prevailing...
May 30, 2014
SolarReserve has announced the completion of the Lesedi and Letsatsi projects.
Apr 07, 2014
The rand hit a three-month high against the dollar on Friday, gaining in a knee-jerk reaction to a US jobs report that slightly missed market expectations, taking bond yields lower. South Africa's currency hit its strongest in the session after a US labour report...
Mar 28, 2014
Mar 28, 2014
Mar 14, 2014
Mar 11, 2014
Feb 26, 2014
The Department of Energy’s R9.7-billion independent power producer (IPP) peaking projects, Avon and Dedisa were last week named the winners of the Euromoney Project Finance Magazine’s Africa Power Deal of the Year for 2013 award. The financing for the IPP peaking...
Feb 13, 2014
After almost three years in the making, a recently ratified partnership between World Bank member the International Finance Corporation (IFC) and niche business bank Mercantile Bank has resulted in the establishment of a rental asset finance facility for South...
Jan 24, 2014
The State-owned Industrial Development Corporation has approved funding for five of the projects that qualified as preferred bidders in round three of the Department of Energy's Renewable Energy Independent Power Producer Procurement Programme.
Dec 13, 2013
Financial services provider Rand Merchant Bank is financing a concentrated solar power (CSP) project and a biomass project awarded in round three of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). “This is the first...
Dec 04, 2013
Rand Merchant Bank (RMB) has committed to jointly fund a $182-million A-grade office development in Lagos, Nigeria, which should be completed by March 2016. The Wings Oando Development, consisting of two high-rise office towers on Victoria Island, between Lagos...
Nov 29, 2013
An arbitration tribunal has ordered the Bombela Concession Company to undertake immediate remedial work on the Gautrain tunnel section between Johannesburg Park Station and Emergency Shaft 2 to halt the inflow of water into the tunnel.
Nov 19, 2013
After falling by four index points in the second quarter and by a further six points in the third quarter of the year, the Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) “essentially flat-lined” in the final months of...
Nov 08, 2013
Australian firm Golden Rim Resources may bring in RMB Resources – which is part of South Africa’s Rand Merchant Bank – as a funding partner for its gold project in Burkina Faso. Golden Rim announced on Friday that it had signed an indicative term sheet with RMB...
Oct 29, 2013
In a significant show of support for South African renewable-energy projects, the European Union’s (EUs) long-term lending institution, the European Investment Bank (EIB), has agreed to provide €210-million, or R2.8-billion, for the construction of the Ka Xu...
Oct 29, 2013
The European Investment Bank has agreed to provide EUR 210 million (2.8 billion ZAR) for construction of the Ka Xu Solar One concentrated solar power plant north of Pofadder in the Northern Cape. This significant support will be provided through two South African...
Oct 25, 2013
The Gautrain Management Agency has proposed the development of seven new rapid rail routes along identified high-mobility corridors in Gauteng.
Oct 04, 2013
The Gautrain Management Agency is mulling the acquisition of 40 new Gautrain rail cars.
Sep 30, 2013
The third quarter Rand Merchant Bank (RMB) Global Markets Research quarterly sector report highlights concerns for the performance of nearly all sectors of the South African economy in the current year. The report takes into account global and local economic...
Sep 06, 2013
The delay and disruption claim the Bombela consortium filed against the Gauteng government in August last year will only be resolved by 2016.
Sep 03, 2013
Business confidence moved further into negative territory in the third quarter, declining by six points quarter-on-quarter to 42, the latest Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) data shows. Close to three-fifths of respondents in the RMB/BER...
Aug 16, 2013
Light-emitting diode (LED) lighting solutions manufacturer LED Lighting South Africa (SA) will soon complete its supply of almost 7 000 light fittings and LED units for what will soon be Cape Town’s tallest skyscraper, the Portside building.
Aug 08, 2013
Technical expertise, extensive experience and the accumulation of intellectual property have contributed to the development of the Sandton Central Business District
Aug 02, 2013
A consortium, comprising Iberdrola Ingenriería and South African company Group Five, has been selected for the construction of the Jasper photovoltaic plant, in the Northern Cape.
Jul 29, 2013
Property loan stock group Delta Property Fund has completed its debut commercial paper issuance. The black-managed and substantially black-owned group indicated that its notes were issued off a newly established R2-billion Domestic Medium Term Note Programme that was...
Jul 16, 2013
In the biggest investment by an Indian company in South Africa, Mumbai-listed pharmaceutical group Cipla India will acquire 100% of South Africa’s Cipla Medpro for R5-billion. Merchant banker for the acquisition Rand Merchant Bank (RMB) said the acquisition would...
Jul 12, 2013
The Bombela Concession Company can double only one more train, operating in the mornings on the Pretoria–Johannesburg line, before it has provided all the rolling stock it has available.
Jun 12, 2013
Rand Merchant Bank (RMB) has lowered its 2013 economic growth forecast for South Africa to 1.9%, from 2.4%, as the country’s consumer spending slowed. Speaking at an international credit insurer Coface Country Risk conference, in Sandton, on Wednesday, RMB chief...
Jun 11, 2013
ASX-listed copper miner Tiger Resources has refuted speculation that the Democratic Republic of Congo’s (DRC’s) decision to ban copper and cobalt concentrate exports would affect its Kipoi project. The ban on copper and cobalt exports were expected to come into...
Jun 04, 2013
Business confidence moved back into negative territory during the second quarter, after confidence faltered in four of the five sectors surveyed in the latest Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI). The RMB/BER...
May 23, 2013
Banks are seeing a boom in the corporate bonds market, as companies take advantage of “near-perfect” market conditions to fund future growth, refinance existing debt and diversify funding from banks, Rand Merchant Bank (RMB) said on Thursday. The financial...
May 21, 2013
Copper developer Tiger Resources was on the hunt for new capital after Nedbank Capital decided not to participate in an $80-million debt financing facility to partly fund the development of the Stage 2 solvent extraction and electrowinning plant at the Kipoi project,...
May 10, 2013
ABB has won an order estimated at $25-million to supply electrical and control systems for the Kathu plant.
May 09, 2013
Copper developer Tiger Resources on Thursday announced that FirstRand Bank was ready to move ahead with a $30-million bridging facility after the bank confirmed internal credit approval. The bridging facility was being jointly arranged by FirstRand Bank, through its...
May 06, 2013
SA Airways has postponed its bond issue in favour of borrowing R1.5-billion from two banks, it was reported on Monday. Chief financial officer Wolf Meyer told Business Day this was until the Cabinet adopted the airline's turnaround plans.
Apr 26, 2013
South African sugar producer TSB intends to undertake a feasibility study for a new sugar production base, in Mozambique, this year. The feasibility study is the result of the right granted by the Mozambican government to TSB and its local partners to develop a 37...