R/€ = 13.13
R/$ = 11.58
Au 1293.47 $/oz
Pt 1263.50 $/oz
Jan 16, 2015
No specific method, timeline or costs have been finalised yet to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel.
Dec 12, 2014
Hydropower developer NuPlanet Project Development achieved financial close and started construction last month on the 4.5 MW Stortemelk hydro project near Clarens, in the Free State. The project, which was awarded preferred bidder status under bid window two of the...
Nov 25, 2014
Petra Diamonds’ black economic-empowerment (BEE) partners have secured refinancing from Absa Corporate and Investment Banking and FirstRand Bank, through Rand Merchant Bank (RMB), to settle the R1.08-billion in loans due to Petra following Senakha Mining Investments,...
Nov 21, 2014
NuPlanet achieved financial close and HAS started construction on the Stortemelk hydro project, near Clarens, in the Free State.
Nov 05, 2014
Hydro-power developer NuPlanet Project Development Pty Ltd has achieved financial close and started construction on the 4.5 MW Stortemelk Hydro Project near Clarens in the Free State Province, South Africa. The project, which was awarded Preferred Bidder status under...
Oct 31, 2014
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
Oct 17, 2014
Cenpower has announced the financial close of the required $900-million in project finance for the Kpone independent power plant project.
Oct 10, 2014
With an abundance of natural sunshine and wide open horizons South Africa is the ideal location for harnessing solar energy, and Solairedirect is taking the lead with the completion of Vredendal’s first photovoltaic solar power plant, and a second solar power plant...
Sep 19, 2014
Sep 10, 2014
Sep 09, 2014
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 Prospects...
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
Transport parastatal Transnet has secured a R3-billion loan for its rail contract to manufacture 1064 locomotives, it said on Friday. "Transnet successfully concluded a loan facility amounting to R3-billion early this week with FirstRand Bank, Rand Merchant Bank,...
Mar 28, 2014
Industry adviser and University of Cape Town lecturer Dr Johan Snyman has described the current construction industry cycle as “atypical”, with research suggesting that the sector remains in a post-recessionary recovery phase. “Studies have found that the recovery...
Mar 14, 2014
The Dedisa and Avon peaking power projects were named the Euromoney Project Finance Magazine’s Africa Power Deal of the Year for 2013 in February this year.
Mar 11, 2014
Six out of ten respondents in a survey conducted by Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER) were unhappy with prevailing business conditions, the RMB/BER first quarter Business Confidence Index (BCI) has shown. The BCI fell by two points...
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 the...
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 Solar...
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...