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Topic - South Africa
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Apr 07, 2016
A range of RDM 60 mm and 81 mm mortar bombs
South African defence company Rheinmetall Denel Munition (RDM) has helped set up a munitions manufacturing plant in Saudi Arabia in a venture with that country’s Military Industries Corporation (MIC), the Saudi Press Agency has reported. According to MIC head...
Apr 07, 2016
Apr 07, 2016
With the 51% acquisition of local rail company Commuter Transport and Locomotive Engineering (CTLE) now complete, French multinational Alstom is moving to develop a platform that will fully localise its rail presence in South Africa. The group, which rebranded the...
Apr 07, 2016
Metric Automotive Engineering has taken the guesswork out of rebuilding the latest-generation Caterpillar® engines by offering IPD-style 123 gasket sets, Andrew Yorke, operations director, says. “These gasket sets mean you simply order one part number and receive one...
Apr 07, 2016
South Africa's rand firmed slightly early on Thursday as investors bought into riskier but high-yielding assets, yet remained vulnerable to weak domestic growth outlook and political uncertainty.At 0646 GMT, the rand traded at 15.0250 per dollar, 0.53 percent firmer...
Apr 07, 2016
South African electricity utility Eskom said on Thursday that construction of a railway line linking its Majuba power plant with the main coal line would be completed at the end of 2017. The 68-kilometre corridor is the first large green field freight rail...
Apr 07, 2016
Energy Minister Tina Joemat-Pettersson
South Africa's energy ministry rejected an opposition party claim on Wednesday that the process to procure six new nuclear power plants to help overcome chronic electricity shortages had been put on hold. Africa's most industrialised economy was expected to finalise...
Apr 07, 2016
Apr 06, 2016
Apr 06, 2016
Apr 06, 2016
Apr 06, 2016
 
 
 
Apr 06, 2016
South African Energy Minister has informed a committee of parliament that the next phase of the nuclear procurement process has been stalled indefinitely, the opposition Democratic Alliance (DA) party said on Wednesday. Africa's most industrialised economy was...
Apr 06, 2016
Jeff Nemeth
The South African automotive industry has “worked hard this labour season”, holding a number of “premeetings and indabas”, in an effort to be ready for the triennial negotiations to thrash out a new multiyear wage agreement, says Ford Motor Company sub-Saharan Africa...
Apr 06, 2016
Mulilo-Sonnedix-Prieska PV project, Northern Cape
The 86 MW Mulilo-Sonnedix-Prieska photovoltaic (PV) solar plant project, situated 50 km south-west of Prieska in the Northern Cape, is on schedule, within budget and nearing completion, according to independent power producer Sonnedix, which has undertaken the...
Apr 06, 2016
Some of the investment announcements made in the South African automotive industry in recent months reach beyond 2020, which is why work on a successor programme to the Automotive Production and Development Programme (APDP) will start this year, confirms Trade and...
Apr 06, 2016
South Africa's Sun International has shelved its R9.5-billion ($623-million) plan to buy rival casino owner Peermont Group, the company said on Wednesday. Sun International, which owns and operates casinos and hotels in Africa and Latin America, last year announced...
Apr 06, 2016
Oakbay Resources and Energy on Wednesday confirmed that First National Bank (FNB) had become the second bank to cancel its business accounts after Absa had cut ties with the firm earlier this week. This was the latest in a series of backlashes by corporate South...
Apr 06, 2016
For many centuries, quantity surveyors were regarded as financial managers for conventional building projects. But the 'green revolution' has changed all that. Nowadays, a  quantity surveyor has to be able to control costs for the most unusual type of structure -...
Apr 06, 2016
South Africa’s weak growth outlook as well as the country’s fiscal risks – including the possibility that government might need to step in to support State-owned Companies (SoCs) with weak balance sheets – would be the key “pressure points” in Standard & Poor's...
Apr 06, 2016
South African drugmaker Adcock Ingram said on Wednesday it sold its Indian unit for R336-million ($22-million) to a private equity firm, after the Bangalore-based business suffered two write downs since 2013. Adcock said in August it would sell the loss-making Indian...
Apr 06, 2016
New IATA Director General and CEO-designate Alexandre de Juniac
Global air freight volumes (measured in freight ton kilometres or FTKs) fell by 5.6% in February, in comparison to February 2015, the International Air Transport Association (IATA) reported on Wednesday. However, this figure is misleading because strikes in US...
 
 
 
 
Apr 06, 2016
With some South Africans implicated in the offshore bank accounts cited in the leak of millions of documents from a Panama-based legal firm earlier this month, the National Treasury aimed to probe whether the law had been flouted. Earlier this month, the release of...
Apr 06, 2016
The 220t crown of the try-out press
Following a 13 140 km journey from Spain by ship, Volkswagen Group South Africa’s (VWSA’s) new try-out press has arrived at the manufacturer’s Uitenhage plant. VWSA has invested R120-million in a new 21 000 kN try-out press to improve manufacturing capabilities at...
Apr 06, 2016
South Africa's rand edged up against the dollar on Wednesday but was still off recent four-month highs, with local political uncertainty as well as overall low risk appetite seen capping any significant gains. Stocks opened slightly firmer, with the JSE securities...
Apr 06, 2016
Engen Petroleum, a leading producer and marketer of fuels, lubricants and oil-based products continues to set the pace in the drive to reduce vehicle emissions. Two years have passed since the company was first to market in South Africa with the introduction of...
Apr 06, 2016
President Jacob Zuma
Corruption Watch, Treatment Action Campaign (TAC), church organisations and trade unions will on Wednesday map a way forward on plans to remove President Jacob Zuma from office after an impeachment motion by political parties failed in Parliament. The organisations,...
Apr 06, 2016
Finance Minister Pravin Gordhan
Ratings agencies will take the political situation in South Africa into account when reviewing its credit rating, Finance Minister Pravin Gordhan said on Tuesday, after parliament voted against impeaching President Jacob Zuma. "Politics, economics and the fiscal...
Apr 06, 2016
Trevor Manuel
South Africa is in a moment of deep crisis following the Constitutional Court's judgment, and it would be in the country's best interests for President Jacob Zuma to step down, former finance minister Trevor Manuel has said. "When I look at the Constitution... I know...
Apr 06, 2016
Open-source software development and solutions provider Obsidian has become the first Atlassian-authorised training provider in South Africa. Atlassian provides tools that enable support, development and management teams to work towards agile methodology and ensure...
Apr 06, 2016
Africa’s pharmaceutical markets are growing in every sector as the industry is undergoing a period of very significant transformation, but more funding was necessary to expand further. This was said at the high-level panel discussion on the theme “unleashing the...
Apr 06, 2016
Physical coal prices have fallen since the beginning of April as key consumer regions in the northern hemisphere move out of the peak-demand winter heating season and into spring. Benchmarks serving the Asia/Pacific region, where demand in some emerging markets...
 
 
 
 
Apr 06, 2016
Impala Platinum and government officials in Zimbabwe will probe the alleged involvement of the company's Zimplats unit after leaked papers showed it used an offshore company to pay salaries of management in Zimbabwe. Fin24 reported on Monday that Zimplats had been...
Apr 05, 2016
Apr 05, 2016
The development of liquefied natural gas (LNG) export capacity in countries such as the US and Australia is transforming gas into a “global energy market” and creating opportunities for countries such as South Africa to diversify its energy mix and bolster security...
Apr 05, 2016
Apr 05, 2016
Oakbay Resources and Energy, a South African firm owned by friends of Jacob Zuma, has started searching for new auditors after KPMG resigned due to a scandal over their relationship with the president, the company said on Tuesday. Oakbay, which is owned by the...
Apr 05, 2016
While consumers continue to grapple with high food prices triggered by the current drought and the ailing economy, milk will soon be added to the list of costly staple foods, according to FNB senior agricultural economist Paul Makube.   In a statement published...
Apr 05, 2016
The Automotive Industry Development Centre, in partnership with the South African Council for Graduate Cooperative, hosted the Deputy Minister of Higher Education & Training,Honourable Mduduzi Manana  in Gauteng on 30 March 2016. The event attracted VIP Guests,...
Apr 05, 2016
The much anticipated Rea Vaya Bus Rapid Transport (BRT) is expected to change the face of Sandton, allowing commuters to travel seamlessly between Alexandra and Sandton by 2017. Construction, which got underway in March 2015, is already at an advanced stage with a...
Apr 05, 2016
Ford Everest
US car maker Ford announced on Tuesday that it would invest R2.5-billion to build the new Everest sports-utility vehicle (SUV) at its Silverton assembly plant, in Pretoria. The plant already produced the Ranger pickup for the local market, as well as 148 markets in...
Apr 05, 2016
Green Building Council South Africa has announced that its ninth Green Building Convention will also be its first to take place in Johannesburg. South Africa’s flagship green building and sustainability event is set for 26-29 July 2016 at Sandton Convention Centre,...
 
 
 
 
Apr 05, 2016
Telecommunications Minister Siyabonga Cwele
South Africa's Minister of Telecommunications and Postal Services, Siyabonga Cwele, has distanced his department from reports that telecoms company Telkom and state-owned connectivity firm Broadband Infraco (BBI) could merge. Media reports this year that have pointed...
Apr 05, 2016
TSX- and Aim-listed Aureus Mining has received approval from its lenders to further defer the first $3.1-million debt repayment due under a senior facility to April 29. The payment was initially due on January 31, but was deferred to April 4.
Apr 05, 2016
The proposed securities class action lawsuit against JSE- and TSX-listed Eastern Platinum (Eastplats) has been dismissed by the Ontario Superior Court of Justice, the South Africa-focused platinum miner announced on Tuesday. Law firm Siskinds LLP originally filed a...
Apr 05, 2016
National Treasury chief procurement officer Kenneth Brown
National Treasury chief procurement officer Kenneth Brown was not leaving his post at the end of June, the National Treasury said this week in response to media reports to the contrary. In a statement to clarify the issue, the Treasury said that, despite being...
Apr 05, 2016
South African private-sector activity declined to its lowest in almost two years in March, as Africa's most advanced economy lost output and shed jobs at a record pace, a survey showed on Tuesday. The Standard Bank Purchasing Managers' Index (PMI), compiled by...
 
 
 
 
 
 
 
 
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