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Oil

Gulf Opec oil producers will not trim output

Gulf Arab Organisation of the Petroleum Exporting Countries (Opec) oil producers do not see the need to change production levels to support crude prices, OPEC delegates said after benchmark Brent touched nine-month lows on Friday. A sell-off in...
15 Apr 13
 
 
TechTrack - Dr Kelvin Kemm

Strategy development essential for the success of companies

I develop business strategies for companies. It is really important to have some sort of strategy in place. There is universal agreement on that point.
22 Mar 13
 
 
FUEL LEVY

Gordhan explains fuel hike

The weaker rand and the high price of oil played a role in the increasing of fuel prices, Finance Minister Pravin Gordhan said on Thursday. "Oil is extraordinarily high," he said at a televised New Age breakfast briefing.
28 Feb 13
 
 
Chemicals

Sasol’s impact on local business ‘cannot be underestimated’ says financial services firm

While JSE-listed energy and chemicals group Sasol is a significant competitor in the global market – owing to its established international operations – the petrochemicals giant’s impact on local suppliers, developing markets and new...
 
 
AUTO INDUSTRY

Still more in the new-car market tank, dealers argue

The South African new vehicle market can grow by another 5% next year, adding to the expected 10% to be recorded in 2012, says National Automobile Dealers Association chairperson Derik Scorer. “The new car industry looks good.” He notes that a...
19 Oct 12
 
 
AUTO INDUSTRY

SA new vehicle market predicted to grow further in 2013

The South African new vehicle market could grow by another 5% next year, adding to the expected 10% to be recorded in 2012, said National Automobile Dealers Association chairperson Derik Scorer. “The new car industry looks good.” Speaking at...
27 Sep 12
 
 
ENERGY & CHEMICALS

Sasol looks to build ‘Secunda-scale’ complex in Louisiana

South African energy and chemicals producer Sasol is gearing up for a $20-billion, multiproject investment into North America over the coming years, which could result in the development of a $14-billion Secunda-type complex in the southern US...
21 Sep 12
 
 
ENERGY & CHEMICALS

Sasol looks to build $14bn ‘Secunda-scale’ complex in Louisiana

Sasol's existing facilities in Lake Charles, Louisiana South African energy and chemicals producer Sasol is gearing up for a $20-billion, multiproject investment into North America over the coming years, which could result in the development of a $14-billion Secunda-type complex in the southern US...
10 Sep 12
 
 
ECONOMIC OUTLOOK

Despite economic weakness, current commodity slump ‘disproportionate’

Recent sharp falls in commodity prices are “disproportionately” large when compared with prevailing weaknesses in the global economy and a number of prices are, thus, likely to recover during the second half of 2012, Absa Capital economist...
27 Jun 12
 
 
AIR TRANSPORT

Iata CEO slams excessive taxes, flags eurozone as biggest risk to profits

Despite the many challenges facing civil aviation, including declining profits since a peak of $15.8-billion in 2010, the International Association of Air Transport (Iata) is upbeat on the industry, predicting a doubling in passenger numbers to...
11 Jun 12
 
 
MANUFACTURING

PMI declines for second month, demand still robust

South Africa’s seasonally adjusted Purchasing Managers Index (PMI) declined for a second month in April to 54.7 points, but still reflected robust demand for factory goods, sponsor Kagiso Asset Management said on Wednesday. The Kagiso PMI...
02 May 12
 
 
Energy Matters - Jeremy Wakeford

The oil price roller coaster

In March, the price of petrol in Gauteng breached R11/l, breaking the previous record-high nominal price of R10.50/l set in July 2008. At R10.37, the wholesale price of diesel is still below the high of R11.43/l recorded four years ago.
13 Apr 12
 
 
 
 
 
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