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Kathu solar photovoltaic plant, South Africa Restricted

ABB has won an order estimated at $25-million to supply electrical and control systems for the Kathu plant.
 
 
AVIATION

SAA borrows R1.5bn to keep running – report

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.
06 May 13
 
 
Sugar Growers, Millers and Refiners

Sugar producer may open new mill in Moz

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...
26 Apr 13
 
 
BUSINESS CONFIDENCE

Business confidence picks up – RMB

Business confidence in the first quarter of 2013 rose by six points, Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER) reported on Wednesday. They said the RMB/BER Business Confidence Index increased to 52 in the first quarter of...
03 Apr 13
 
 
Finance

FirstRand opens RMB Nigeria

FirstRand investment banking division Rand Merchant Bank (RMB) officially opened RMB Nigeria in Lagos, Nigeria, following the granting of an investment banking licence by the Central Bank of Nigeria.
07 Feb 13
 
 
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Gautrain rapid rail link, South Africa Restricted

The arbitration case between Bombela and the Gautrain Management Agency is likely to take at least another two years.
 
 
TRADE

Tanzania-based trading firm secures $100m RMB loan

The trading arm of Mohammed Enterprises Tanzania has secured a $100-million loan facility from a consortium of banking groups. Rand Merchant Bank (RMB) partnered with China Construction Bank, Citibank and Nedbank to originate, arrange and...
 
 
Infrastructure Development

AFC secures $50m loan facility for Africa projects

International financial institution Africa Finance Corporation (AFC) further enhanced its medium-term Africa-focused funding programme on Thursday by completing a $50-million bilateral loan facility with Rand Merchant Bank (RMB).
10 Jan 13
 
 
SA Renewable Energy Projects

Tracking solar PV plant under construction

Global renewable-energy company Building Energy expects to create 400 jobs during the 21 month construction period of its 81 MWp tracking solar photovoltaic (PV) plant in Kathu, in the Northern Cape. Construction on the project, which is one of...
14 Dec 12
 
 
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Kathu solar photovoltaic plant, South Africa Restricted

The project entails the construction of an 81 MW tracking solar photovoltaic plant.
30 Nov 12
 
 
ECONOMY

Labour relations, political climate starting to affect investment plans

Business confidence, as measured by the Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index, was little changed in the fourth quarter, declining by one point to a level of 46. Sentiment improved among...
 
 
RENEWABLE ENERGY

Developers of Kathu solar park expect to start building this month

Building Energy Africa CEO Matteo Brambilla The developers of the Kathu solar park, in the Northern Cape, expect to be on site before the end of November to begin the construction of an 81 MW tracking solar photovoltaic (PV) plant, which was among the 28 renewable-energy projects to sign...
08 Nov 12
 
 
 
 
 
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