R/€ = 14.73 Change: 0.11
R/$ = 12.05 Change: 0.08
Au 1330.33 $/oz Change: -6.12
Pt 1014.00 $/oz Change: 0.99


Wits Univesity launches technology innovation programme

By: African News Agency      Updated 1 hour 5 minutes ago Wits Univesity says it has launched a digital innovation programme to help local technology start-ups grow. The project, part of local firms BCX and Telkom's innovation programme, is targeted towards digital business working in fields like agriculture, smart cities, safety and security, education... 

Mitigating plastic’s negative public image

By: Marleny Arnoldi     19th January 2018 Continued local and international pressure to ban plastic bags and other single-use plastics, as cited in the media and social media, is at an all-time high, says plastic industry representative body Plastics South Africa (Plastics SA).  

New report names WBHO’s Australian unit the country’s ‘most active’ construction firm

By: Irma Venter     19th January 2018 Wilson Bayly Holmes-Ovcon’s (WBHO’s) Australian subsidiary, Probuild, has been named the most active construction company in the country by the Australian Housing Industry Association Construction 100 Report. Probuild has jumped from fifth place last year to top spot, in terms of work procured. 

DSV ByBox hits the 20 000 parcel mark

By: Megan van Wyngaardt     11th January 2018 A partnership between South African oil and gas company Engen and logistics group DSV Global Transport and Logistics, which has seen the placement of automated parcel lockers known as DSV ByBoxes at Engen service stations since 2014, has reached its 20 000 parcel mark. There are currently 65 DSV... 

EPP closes the first tranche of the M1 portfolio acquisition

By: Anine Kilian     9th January 2018 Property development company Echo Polska Properties (EPP) has closed the €358.7-million first tranche of its acquisition of the Poland-based M1 portfolio. The company in December announced that it would acquire the portfolio, which comprises 12 shopping centres and retail parks, for €692-million. 

Nutrien gains on first trading day as Agrium, PotashCorp complete merger

By: Henry Lazenby     3rd January 2018 The TSX-listed equity of freshly minted fertiliser producer, distributor and retailer Nutrien gained nearly 6% on Tuesday – its first trading day following closure of the transaction on New Year’s day. The ‘merger of equals’ has created a new top-tiered fertiliser company with a total market... 

Glencore completes sale of majority stake in oil storage assets

By: Reuters     29th December 2017 Diversified miner Glencore announced on Friday that it has completed the sale of a 51% interest in HG Storage International (HGSI) to HNA Innovation Finance Group, subject to certain regulatory approvals and closing conditions by US authorities. HGSI is a new vehicle which has consolidated... 

Moody's downgrades Steinhoff deeper into junk on default fears

By: Reuters     28th December 2017 Ratings agency Moody's on Thursday downgraded Steinhoff's debt deeper into 'junk' territory and warned further downgrades could follow due to mounting cash flow problems at the South African retail group. The company, majority owned by tycoon Christo Wiese, is fighting for survival following its... 

Wiese resigns as Steinhoff chairperson in wake of accounting scandal

By: Reuters     15th December 2017 South African tycoon Christo Wiese resigned on Thursday as chairperson of Steinhoff, the latest setback for the retail group in the throes of an accounting scandal. Once a must-have for investors who backed its reinvention from small furniture outfit into a retail empire, Steinhoff has seen its... 

Novare opens two new malls in sub-Saharan Africa

By: Megan van Wyngaardt     15th December 2017 Private equity fund Novare Fund Manager, which invests in retail and commercial real estate in sub-Saharan Africa, excluding South Africa, opened over 34 000 m2 of prime retail space over the last two weeks in Nigeria and Mozambique. Novare Gateway – a modern lifestyle centre of 15 000 m2... 

DA wants probe into Deloitte over Steinhoff role

By: African News Agency      8th December 2017 South Africa's main opposition Democratic Alliance (DA) said on Friday it had requested an investigation into Deloitte, the auditors of retail group Steinhoff, after accounting irregularities were uncovered. "The resignation of Markus Jooste, Chief Executive Officer of Steinhoff International... 

Brent Cross London regeneration, England

By: Sheila Barradas     1st December 2017 The regeneration of Brent Cross London will double the size of the existing centre to two-million square feet of retail and leisure space.  

Premium German anchoring systems available locally

     30th November 2017 Some of the most technically-advanced anchoring system solutions in the world are being made available to the local construction and allied industries by leading distributor Upat in Johannesburg. Established in 1983, one of the sole distributorships that Upat prides itself on is, fischer from... 

New initiative aims to create 100 000 jobs for the youth in 2018

By: Natasha Odendaal     27th November 2017 With unemployment in South Africa reaching crisis levels that further threaten an already embattled economy, a new initiative, bringing together 20 industries, aims to create at least 100 000 jobs for unemployed youth in 2018. Launched on Monday, the multisector Jobs Summit initiative aims to... 

Mining midmarket enterprises lead gross value-add metric in Canada – HSBC

By: Henry Lazenby     24th November 2017 Mining-focused midmarket enterprises (MMEs) are the leading contributors to gross value-add (GVA) to Canada’s economy, a new report by international banking group HSBC has found. Published on Thursday, and authored by HSBC and Oxford Economics, the ‘Entrepreneurial heartland of MMEs' report found... 

Company expands diesel supply to include buses

By: Tasneem Bulbulia     24th November 2017 Wholesale prices fuel supplier Next Grace Investments is providing a valuable diesel supply solutions for clients in the bus and truck industry. During the Gauteng Bus Indaba and Strategic Planning Workshop, held in September at the Nasrec Expo Centre, in Johannesburg, Next Grace Investments... 

The changing face of the township economy

By: Sydney Majoko     24th November 2017 In the late 90s and early 2000s, whenever a township dweller spoke of his or her  family being in business, it meant one of two things: they either owned a retail shop or were in the taxi industry. That is what business in the township was all about in those days. There was the odd different... 

Brent Cross London regeneration, UK

By: Sheila Barradas     24th November 2017 Hammerson and Standard Life Investments is doubling the size of the Brent Cross London centre, in England. 

New Diepsloot mall opened to address access to community-specific retail requirements

By: Dylan Slater     23rd November 2017 A new 18 000 m² single-level semi-enclosed shopping mall in Diepsloot West, Gauteng, opened to the public on Thursday. 

Accelerate ends half-year on strong note, acquires Poland portfolio

By: Megan van Wyngaardt     20th November 2017 Despite the uncertain macroeconomic and political environment, the value of Accelerate Property Fund’s property portfolio increased by 30% year-on-year to R11.8-billion in the six months ended September 30, resulting in a total gross lettable area (GLA) of 637 577 m², it said on Monday. The... 

Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue

By: Irma Venter     17th November 2017 Wilson Bayly Holmes-Ovcon’s (WBHO’s) Australian subsidiary, Probuild, has been named the most active construction company in the country by the Australian Housing Industry Association Construction 100 Report. Probuild has jumped from fifth place last year to top spot, in terms of work procured. 

RS Components introduces the new DYMO wireless label printer for industrial applications

     16th November 2017 Ideal for industrial use, LabelWriter Wireless delivers cable-free printing using existing highly durable label tapes featuring high tear and solvent resistance   RS Components, the trading brand of Electrocomponents plc, the global distributor for engineers, has announced availability of the new... 

Gemgrow delivers maiden FY dividend under revamped property portfolio

By: Natasha Odendaal     15th November 2017 JSE-listed Gemgrow Properties has declared a full-year dividend, exceeding its earlier forecasts, of 73.51c for each B share and 101.87c for each A share as the real estate investment trust (Reit) delivered its maiden full-year results with a reconstituted property portfolio. The Reit, previously... 

New acquisition boosts Dipula’s portfolio value to R8.5bn

By: Natasha Odendaal     10th November 2017 JSE-listed real estate investment trust Dipula Income Fund plans to acquire a mixed portfolio from an undisclosed seller for R1.27-billion. The portfolio comprises two retail properties in Gauteng, namely Chilli Lane and Chilli on Top, boasting an aggregate 18 433 m² of space; five office... 

Aberdare Cables

     10th November 2017 Southern Africa’s largest cable manufacturer Aberdare Cables, established in 1946, offers cable design, product development, installation support, commissioning and diagnostic testing through its engineering services division. “Through our people and customer relationships, we deliver... 

Intelligent algorithm company 4Sight lists on AltX

By: Schalk Burger     3rd November 2017 The first pure technology company to list on the JSE’s AltX in 18 years, decision support technology group 4Sight, has artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) and big data technology capabilities, which are reshaping business and individual lives worldwide,... 

Breathe easy with SafeAir Ultraviolet Air Purifiers!

     31st October 2017 On 19th October 2017 Smart Energy Management specialist, Ulilog (Pty) Ltd., launched SafeAir Ultraviolet Air Purifiers. These devices ensure clean, healthy indoor air quality by pro-actively controlling and reducing the transmission of pathogens such as airborne bacteria, viruses, and fungi as... 

4Sight lists on AltX

By: Schalk Burger     19th October 2017 The first pure technology company to list on the JSE’s AltX in 18 years, technology decision support group 4Sight, has artificial intelligence, machine learning, Internet of Things and big data technology capabilities, which are reshaping business and individual lives worldwide, 4Sight CEO... 

Africa urged to set the trends in digital innovation

By: Kim Cloete     13th October 2017 African countries have the potential to set trends rather than follow them in a world dominated by hurtling changes in information technology (IT), delegates attending the Thomson Reuters Africa Summit have heard. Digital and technology transfer expert Lee Naik said over 300-million customers... 

Construction starts on new R500m office tower development

By: Mia Breytenbach     13th October 2017 Local property developer Abland and joint venture partners Ellerine Brothers have started development of the 35 Lower Long office tower in Cape Town, in the Western Cape. The four-star green building will be situated on Lower Long Street, in the City Bowl. The 24-storey office tower will replace... 

Glencore to acquire Chevron’s South Africa, Botswana assets for $973m

By: Anine Kilian     6th October 2017 JSE-listed Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (OTS) to acquire a 75% interest in Chevron South Africa, as well as a 100% interest in Chevron Botswana, for an aggregate consideration of $973-million. The assets comprise the interests of the Chevron... 

Supply chain management key to industry success

By: Robyn Wilkinson     6th October 2017 The effective management of financial and physical supply chains is a key differentiator for South African automotive companies wanting to survive in an uncertain market, with access to technologies that can assist in streamlining these functions critical to success, says import and working... 

Small businesses remain optimistic, despite volatility and uncertainties

By: Mia Breytenbach     29th September 2017 Despite economic volatility, South African small business owners remain optimistic and are actively pursuing growth, according to research from cloud based accounting software company Xero.   The research report, titled ‘State of South African Small Businesses’ surveys the challenges facing the... 

Airports Company achieves its best-ever profits

By: Keith Campbell     29th September 2017 Airports Company South Africa (Acsa) achieved a profit of R2-billion for the 2016/2017 financial year (FY), it announced recently, up from R1.9-billion for the FY 2015/2016. “This is probably the best set of results we’ve presented in the history of the company,” affirmed CEO Bongani Maseko at... 

Daddy, you don’t know anything about car shopping

By: Irma Venter     22nd September 2017 The teenage daughter of Nissan Motor Corporation chief digital officer Madhu Nutakki last year shopped for a car, as California legislation allowed her to drive herself to school and back from the age of 15-and-a-half. Nutakki is based in Silicon Valley. 

Airports company reports its most profitable year ever 

By: Keith Campbell     18th September 2017 Airports Company South Africa (Acsa) achieved a profit of R2-billion for the 2016/17 financial year, it was announced on Monday, up from R1.9-billion for the financial year 2015/16. “This is probably the best set of results we’ve presented in the history of the company,” affirmed CEO Bongani... 

WBHO upbeat about UK market potential following Byrne acquisition

By: Irma Venter     15th September 2017 A problematic Australian contract and a payment in accordance with a settlement agreement between government and the local construction sector following an investigation into collusion have seen profits slip at JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO). The group earlier this... 

Cape Town identifies inner city housing sites for lower income families

By: News24Wire      14th September 2017 The City of Cape Town identified 11 central sites it owns that would be set aside for affordable, social and transitional housing initiatives. Mayor Patricia de Lille on Wednesday said the goal was to reverse the effects of apartheid spatial planning, forced removals and gentrification. 

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