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Sars welcomes Kieswetter as new Commissioner

2nd May 2019 The South African Revenue Service on Wednesday formally welcomed Edward Kieswetter to his new role as the Commissioner of the revenue collector. Kieswetter commenced his duties on Wednesday, replacing disgraced erstwhile Sars boss Tom Moyane, who left behind a broken tax collection agency and a... 

Mr Price lists on A2X, retains primary listing on JSE

2nd May 2019 Fashion retailer Mr Price Group will list its shares for trade on the A2X markets on Thursday while it will retain its primary listing on the Johannesburg Stock Exchange (JSE). Mr Price said that its issued share capital will be unaffected by its secondary listing on A2X. 

International Kagem emerald promotion boosts Zambia’s revenue – Gemfields

2nd May 2019 Emeralds from Zambia’s Kagem mine have captured the eye of some of the foremost gemstone buyers and jewellers around the world, helping boost revenue for the southern African country, parent company Gemfields has said. “We are excited because appreciation of Zambian emeralds is gaining momentum... 

Russia training and arming CAR forces

2nd May 2019 The Central African Republic’s (CAR) armed forces are being armed and trained by Russian military experts. The initiative comes a year after Russia achieved a partial lifting of the arms embargo on the Central African country from the United Nations Security Council, All Africa reported. Five... 

Ramaphosa to receive update on Youth Employment Service

2nd May 2019 President Cyril Ramaphosa will on Thursday receive an update on the Youth Employment Service, a business-led collaboration with the government and labour to create work opportunities for young people. Ramaphosa launched the initiative in March 2018 to place the needs of and opportunities for... 

More than R550m attracted to key Cape Town sectors in first quarter

30th April 2019 More than R550-million was attracted into Cape Town’s economy and 520 new jobs created during the first quarter of this year, according to the recent quarterly report. The report on the performance of Wesgro, the Official Tourism, Trade & Investment Promotion Agency for Cape Town and the Western... 

Egypt pushes ahead with plans for nuclear power

30th April 2019 Egypt is pushing ahead with plans to build a nuclear power station. The country’s Nuclear and Radiological Regulatory Authority (ENRRA) has approved the site of Al Dabaa in the first step of the licensing process required to build a nuclear station, Al Monitor reported on Tuesday. ENRA is... 

Joburg mayor excited about R20bn inner city development project

29th April 2019 Johannesburg Mayor Herman Mashaba said he is looking forward to seeing cranes across the inner city within six to eight months when construction on more than 20 developments worth around R20 billion is set to begin. Mashaba was accompanied by the MMC for Economic Development Leah Knott, and MMC... 

MC Mining says revenue per saleable tonne down 14% in third quarter

29th April 2019 MC Mining said on Monday its revenue per saleable tonne declined by 14% to $75/t in the three months to March 31, the third quarter of its financial year. MC Mining said its Uitkomst Colliery reported run-of-mine coal production of 113 190 t, down 2.2% from the same period last year. 

Hefty rise in petrol price for May

29th April 2019 The price of both grades of petrol - 93 octane and 95 octane unleaded and lead replacement petrol - will increase by 54c/l with effect from midnight on Tuesday, the energy department has announced. Diesel 0.05 percent sulphur will increase by 1c/l, while the price of diesel 0.005 percent sulphur... 

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