R/€ = 17.27 Change: -0.03
R/$ = 15.50 Change: -0.16
Au 1792.67 $/oz Change: -52.17
Pt 1021.96 $/oz Change: -22.04

Olivia Soraya Spadavecchia

Olivia Soraya Spadavecchia

Olivia Soraya Spadavecchia is a former Staff Writer at Creamer Media.

2006: BA Journalism (University of Johannesburg)


Sawlog group plans 9-MW cogen plant as South Africa’s electricity crisis bites

4th April 2008 Forestry products group York is currently investigating the potential for one or more cogeneration projects using a combination of its waste products and steam to generate power as a solution to the electricity crisis in the medium term, its CEO said last week. “In the medium term we are looking... 

Sallies promises H2 recovery after loss widens

31st March 2008 Fluorspar miner Sallies reported a net loss before taxation of R26-million for the first half of the 2008 financial year, compared with the loss of R19-million for the same period in 2007. Of this figure R15-million was attributable to Witkop and R11-million to Buffalo. 

Technology group to list on JSE's small-cap board

31st March 2008 Technology, software and specialised services provider Total Client Services (TCS) said that it would list on the JSE's alternative exchange, AltX, next Monday by way of private placement. The JSE had formally approved the listing of about 426,12-million shares, of which some 42,55-million... 

New Web portal offers built-environment intelligence

31st March 2008 The Council for the Built Environment (CBE) launched a new electronic portal - dubbed the information and knowledge centre - on Monday, which was designed to provide a "one-stop" solution for those seeking access to information on the built environment. CBE board chairperson Gwen Theron... 

Gold Fields' Munro to head new Harmony-linked uranium company

31st March 2008 The Pamodzi Resources Fund (PRF) and Harmony Gold announced on Monday that John Munro had been appointed CEO of the new uranium company created through the sale of certain of Harmony's uranium and gold assets. Munro, who has a degree in chemical engineering, currently holds the position of... 

Commercial property performed strongly in 2007, but moderate slowdown forecast

31st March 2008 While there is growing concern about aspects of the South African property market, particularly given the collapse currently under way in the US, a commercial property index released on Monday indicated some domestic resilience, with property in that category having yielded a total return of... 

ArcelorMittal announces new price increase for May as global prices rise, rand weakens

28th March 2008 Steel giant ArcelorMittal South Africa on Friday announced another double-digit steel price increase, saying that the hike, which would be effective from May, was as a result of continued upward movement of international prices and a softening South African currency. However, the company stressed... 

Investment firm Lonhro widens full-year loss

28th March 2008 Aim-listed African investment conglomerate Lonrho on Friday reported a loss of £15,5-million for the year ended September 30, 2007, compared with 2006’s loss of £200 000, saying that it was still in its investment and development phase. Lonrho added that its results for the... 

1time expects improved earnings, shares surge

28th March 2008 Low-cost carrier 1time said on Friday that it expected its headline earnings a share for the 2007 financial year to improve by between 65% and 85% over that of the corresponding period. The no-frills airline also announced the appointment of Tania Muradzikwa as nonexecutive director on the... 

‘Power shortages a stress rather than a ratings threat'

27th March 2008 A report published by ratings agency Standard & Poor's (S&P's) on Thursday suggested that South Africa might still be in good enough shape to tackle the power crisis that was threatening to undermine its economic growth, and that it was unlikely that it would negatively affect... 

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