R/€ = 14.50
R/$ = 10.50
Au 1294.90 $/oz
Pt 1413.00 $/oz
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...
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
Dec 04, 2013
Nov 29, 2013
Nov 19, 2013
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...
Apr 03, 2013
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 2013 -- a level...
Mar 20, 2013
TSX- and Aim-listed Aureus Mining has secured a bank-mandated project debt finance facility of up to $100-million, together with an associated $8-million cost overrun facility, to support the development of its New Liberty gold project, in Liberia. The total cost of...
Feb 21, 2013
ASX- and JSE-listed Resource Generation (Resgen) on Thursday said construction activities at its $630-million Boikarabelo coal mine, in Limpopo, had started, in line with earlier announcements. Initial construction activities would encompass site infrastructure, road...
Feb 08, 2013
ASX-, LSE- and JSE-listed Aquarius Platinum (AQP) has appointed former Anglo American Platinum (Amplats) director Sonja de Bruyn Sebotsa to its board of directors with effect February 6. De Bruyn Sebotsa would also assume the role of chairperson of AQP’s local...
Feb 07, 2013
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.
Feb 01, 2013
The arbitration case between Bombela and the Gautrain Management Agency is likely to take at least another two years.
Jan 25, 2013
ASX- and JSE-listed Resource Generation (Resgen) MD Paul Jury on Friday said the $20-million received through a debenture with Noble Resources would be used to start construction at its Boikarabelo coal project, in Limpopo, in February. In a report on the company’s...