R/€ = 17.01
R/$ = 14.89
Au 1292.93 $/oz
Pt 1081.00 $/oz
Aug 09, 2013
Scatec Solar's two photovoltaic projects will have a combined production of more than 225-million kilowatt hours a year.
Aug 08, 2013
Technical expertise, extensive experience and the accumulation of intellectual property have contributed to the development of the Sandton Central Business District
Jul 26, 2013
This is Basic Gold Mining 101: There is this rock, see? Underground, see? It has gold in it. The ratio of gold (if you are lucky) is about 25 g for each 1 000 kg of rock. So you send people down the mine in a very big lift, called a cage, see? They drill and blast...
Jul 24, 2013
Nedbank Corporate Property Finance has approved a R1.1-billion loan to local real estate developer HBW Group to restructure and finance one of the largest assets in the latter’s portfolio, the Bedford Retail and Commercial Precinct. The precinct comprises the Bedford...
Jul 12, 2013
Solar energy provider Scatec Solar is building two photovoltaic projects (PV) to that will collectively provide 115 MW under the second round of the South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Jul 12, 2013
Construction on the new R400-million Eyethu Orange Farm Mall has started, with the development poised to act as a major catalyst for the greater Sebokeng area, south of Johannesburg. The mall is scheduled to open for trade in September 2014 and will provide more than...
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.
Jul 12, 2013
On November 5, Scatec Solar signed the final agreement with the Department of Energy to build the project.
Jul 10, 2013
Jul 05, 2013
Jun 21, 2013
Jun 14, 2013
Standard Bank has been acknowledged by the Financial Times as the Sustainable Bank of the Year award for Africa and Middle East. The announcement was made at a function in London last night
Jun 12, 2013
Diversified South African-based resources group Exxaro Resources Limited is pleased to note that Cennergi (Pty) Limited, its cleaner energy joint venture with Tata Power, has recently achieved financial closure on two wind farm projects
Jun 12, 2013
Energy company Cennergi, the joint venture between Exxaro Resources and Tata Power, reports that it has achieved financial closure on two Eastern Cape wind-farm projects with a combined investment value of R7-billion. The Amakhala Emoyeni and Tsitsikamma Community...
Jun 07, 2013
The project involves the demolition of the current Standard Bank building and the construction of three office towers.
Jun 06, 2013
The City of Tshwane has raised R750-million through a private placement bond issue to finance its capital expenditure (capex) programme. “This is an exciting development in the city’s evolution. The bond issue affords us an opportunity to make the case that municipal...
May 29, 2013
The World Bank has lowered its 2013 economic growth forecast for South Africa to 2.5% in its latest South Africa Economic Update, having projected growth of 3.2% in July. “This is against the backdrop of subdued external demand subject to significant downside risks...
May 24, 2013
A R600-million joint venture (JV) plant between Italian bus and truck manufacturer, Iveco, and South African public transport operator and bus-body builder, the Larimar Group, should start assembly at the end of the 2013 or, more likely, the beginning of 2014, says...
May 24, 2013
Construction of the Sephaku Cement Aganang plant, in the North West, is forging ahead.
May 23, 2013
The latest environmental guideline report aimed at the mining industry has been welcomed as a first step in starting the process of finding the delicate balance between mining economically and biodiversity protection, a panel agreed on Thursday. Speaking at a Gordon...
May 20, 2013
The Australian Takeovers Panel has declared the Waterberg Coal Company’s statements in relation to its hostile takeover offer for Firestone Energy as being deficient and ordered the company to dispatch a supplementary bidder’s statement. This comes after Firestone...
May 10, 2013
Financial services provider Standard Bank is advising farmers to protect themselves against sharp fluctuations in grain production volumes and prices, owing to market volatility caused by weather and price fluctuations.
May 07, 2013
The Franchise Association in South Africa (Fasa), a long-standing member of the World Franchise Council (WFC), has been mandated to establish a franchise federation on the African continent which will, in time, apply for membership of the WFC in its own right. The...
May 03, 2013
Soitec has concluded a R1-billion bond issuance to finance the construction of the concentrator photovoltaic solar plant in Touwsrivier.
May 02, 2013
JSE-listed property loan stock company Redefine Properties on Thursday said it was only weeks away from signing a R2.5-billion deal for the sale of most of its government-tenanted properties. Negotiations regarding the disposal of 24 properties to an undisclosed...
Apr 30, 2013
Semiconductor materials manufacturer Soitec announced on Tuesday that it had concluded a R1-billion bond issuance and that the proceeds would be used to help finance the construction of a 44 MW concentrated photovoltaic (CPV) solar plant in Touwsrivier, South...
Apr 26, 2013
Embattled power generation firm Independent Power South Africa (Ipsa) has secured an increase in its month-old short-term loan to ensure it has sufficient working capital and funds for the maintenance of its two remaining turbines. The Aim-listed group on Friday...
Apr 26, 2013
SINGAPORE – Iron-ore prices drifted to five-week lows, and are headed for their biggest weekly fall since mid-March, ahead of a long holiday weekend in top importer China that has thinned demand already hurt by a shaky steel market. Chinese markets would be shut...
Apr 25, 2013
Notwithstanding the South African Reserve Bank’s projection that the country’s gross domestic production would grow only by a marginal 2.7% during 2013, local new car sales was showing good growth of 4.1% to more than 163 000 units during the first three months of...
Apr 19, 2013
Financial services firm Standard Bank began operating South Africa’s second trigeneration plant at its new 65 000 m2 corporate head office in Rosebank, Johannesburg, last month and will produce more than eight-million kilowatt hours a year.
Apr 12, 2013
Financial firm Standard Bank’s R9.4-billion involvement in government-approved renewable-energy projects has earned the bank the ranking of twelfth greenest bank globally by Bloomberg Markets. Each year, Bloomberg Markets assesses the top 40 global banks based on...
Apr 10, 2013
ASX-listed Range River Gold, which is driving a hostile takeover bid for JSE-listed Firestone Energy, on Wednesday announced that it had successfully drawn down A$35-million under its convertible facility agreement with Standard Bank. Range River and its now...
Apr 08, 2013
Gas would form a key part of South Africa’s future power generation mix, with the focus to fall on liquefied natural gas (LNG) in the short term and on shale gas in the long term, Standard Bank power and infrastructure head in South Africa Ntlai Mosiah said Monday....
Mar 29, 2013
Energy Minister Dipuo Peters broke ground on the Red Cap Kouga wind farm on March 15, 2013.
Mar 27, 2013
Power generation firm Independent Power South Africa (Ipsa) Group has obtained a £4.2-million short-term loan from private investment company Bluestone Securities to repay the loan from Standard Bank, originally due for payment in September 2009. Ipsa said the new...
Mar 22, 2013
The project involves the construction of a 60 000 m3/d capacity desalination plant.
Mar 15, 2013
Financial services group Standard Bank aims to achieve a 5-star green rating for its modern customer-service office in Rosebank that will open in May, says Standard Bank Corporate and Investment Banking Real Estate head Stewart Shaw-Taylor. The building has already...
Mar 04, 2013
New vehicle sales in February, at 53 220 units, crept up 1.6% over sales in February last year, reported the National Association of Automobile Manufacturers of South Africa (Naamsa) on Monday. This was much slower than the 14.1% year-on-year growth recorded in...
Feb 25, 2013
Investment firm Vunani Property Investment Fund (VPIF) would, in the coming 12 months, aggressively pursue further acquisitions and raise additional capital, CEO Rob Cane told Engineering News Online on Monday. “We will start raising capital of between R400-million...