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Player brothers team up to build wilderness golf estate 

By: Dennis Ndaba     1st September 2008 The development of what could be a multi-billion golf and wilderness estate on 5 000 ha of land in the Waterberg in the Limpopo province, was under way. The Waterberg Estate would include an 18-hole signature golf course designed by Gary Player and incorporate a wildlife and wilderness strategy... 

Investors’ uneasiness with Rwanda holding back Lake Kivu gas-fired power project 

By: Brindaveni Naidoo     29th August 2008 A significant challenge preventing the development of the envisaged Lake Kivu gas-fired power generation project, on the Democratic Republic of Congo (DRC)-Rwanda border, is a lack of capital.  

Gautrain will not be a profitable venture – economist 

By: Leandi Kolver     29th August 2008 “For five years, the Europe tunnel has not been making money, and there are many other railway lines in the world that are also not making money, because people prefer cars, and they prefer having personal mobility,” said T-Sec chief economist Mike Schüssler at the annual Rhode conference held in... 

MTN still looking for consolidation opportunities – CEO 

By: Christy van der Merwe     28th August 2008 MTN group CEO Phutuma Nhleko on Thursday said he believed that the telecommunications industry was going through a phase where there had to be consolidation, and noted that the company was constantly looking for opportunities presenting themselves in the industry. “As we have indicated... 

MTN steps up infrastructure rollout programme  

By: Christy van der Merwe     28th August 2008 Mobile telecommunications operator MTN has a “lot of catch up to do” on its capital expenditure (capex) and infrastructure roll out programme for the year, but FD Rob Nisbet said on Thursday it remained focused on getting the R25-billion worth of capex “in the ground” by the end of the year. The... 

M&R sees growth opportunities in energy, particularly nuclear  

By: Chanel de Bruyn     28th August 2008 Energy was a driver of opportunity for construction and engineering firm Murray & Roberts (M&R), CEO Brian Bruce commented at a results presentation held in Johannesburg on Thursday. Nuclear energy in particular would be a focus area for the group going forward, as nuclear was expected to become... 

Imperial committed to growth despite gloomy outlook for new financial year 

By: Christy van der Merwe     27th August 2008 Imperial Holdings anticipated another weak performance for the financial year ahead, as consumer spending was expected to continue weakening, markets remained challenging and conditions stayed tough, said CEO Hubert Brody on Wednesday. However, speaking at the company’s 2007/8 financial results... 

Electrical wholesaler ARB targets State-owned enterprises for growth 

By: Chanel de Bruyn     27th August 2008 Increased government spend and Eskom infrastructure expenditure was expected to continue driving sales growth for JSE-listed electrical wholesaler ARB in the future. The wholesaler, with CEO Craig Robertson at the helm, reported that despite the power crisis in South Africa, the electrification... 

Regulator sceptical about Eskom procuring SA’s private power 

By: Christy van der Merwe     26th August 2008 The procurement of new private power generation capacity, including independent power producers (IPPs) and cogeneration, should be managed and co-ordinated centrally, by a professional entity independent from Eskom, National Energy Regulator of South Africa (Nersa) CEO Smunda Mokoena told... 

Power distribution system a ‘ticking time bomb’ – Nersa  

By: Christy van der Merwe     26th August 2008 With so much emphasis being placed on the electricity generation constraints facing South Africa at present, there was a risk that electricity distribution would be further neglected, industry professionals said on Tuesday. “It is very easy for us to take the eyes off the electricity... 

Zambia’s roads projects said to hold promise for South African companies 

By: Guy Copans     22nd August 2008 The Zambian government’s road infrastructure rehabilitation programme provides ample opportunity for South African companies, said Zambia Development Agency programme manger Stephen Malubila at a New Partnership for Africa’s Development (Nepad) conference in Johannesburg last week.  

Listed agricultural group sees growing regional opportunity 

By: Dennis Ndaba     22nd August 2008 Sugar and starch and property company Tongaat Hulett reports that the R1,3-billion agricultural and milling expansion projects the company is implementing at Xinavane and Mafambisse, in Mozambique, are progressing well towards substantially increased production in 2009. 

Truck, bus company sets sights on sales growth 

By: Jonathan Faurie     22nd August 2008 The newly appointed CEO of MAN Truck and Bus South Africa, Thomas Hemmerich, has been given specific directives from the MAN group to develop the African sales region to grow annual sales by between 3 000 and 5 000 units by 2015, reports MAN Truck and Bus South Africa. 

Mobile science lab to home in on mathematically inclined youth 

By: Guy Copans     22nd August 2008 A mobile science and technology laboratory has been launched in Gauteng by the Technology Research Activity Center (Trac SA).  

State mulls more ambitious new public works targets as it seeks to enhance its training and development impacts 

By: Brindaveni Naidoo     22nd August 2008 With scant public acclaim, the Expanded Public Works Programme (EPWP) reached a significant milestone a few weeks ago.  

Materials handling, logistics industry sees rise in robotics investment 

By: Jacqueline Holman     15th August 2008 Global power and automation technology group ABB says there has been an increase in the use of robotic systems in warehouses, and logistics and distribution centres. 

Hi-tech command centre seen as key to rail efficiency drive 

By: Terence Creamer     15th August 2008 A new state-of-the-art national operation centre (Noc) for the railways, which has been established by Transnet Freight Rail (TFR) in Parktown, Johannesburg, went live last week after it was officially inaugurated by Public Enterprises Minister Alec Erwin. 

More agencies expected to follow Moody’s Eskom rating downgrade – Treasury  

By: Matthew Hill     13th August 2008 South Africa's Deputy Finance Minister Jabu Moleketi on Wednesday said that he expected Standard & Poor's and Fitch Ratings would follow Moody's in downgrading Eskom's credit rating. "The difference is in the magnitudes," he said in an interview. Molekti said that the downgrade, which Moody's... 

2010 FIFA World Cup stadiums to cost extra R2bn 

By: Matthew Hill     13th August 2008 South Africa will have to pay more than R2-billion extra for the 2010 FIFA World Cup host stadiums, but Deputy Finance Minister Jabu Moleketi said on Wednesday that host cities would have to take up much of this cost escalation. He said that, in certain cases, the price tags had shot up because... 

Africa’s telecoms industry likely to be more policy driven in future 

By: Chanel de Bruyn     12th August 2008 Africa's telecommunications industry would shift from being mainly market-driven to being more policy driven, as certain regulatory steps could improve Internet and broadband access, an industry advisory firm said on Tuesday. BMI TechKnowledge explained that, while Africa's mobile market had... 

Group Five confident about future growth, profit surges 

By: Chanel de Bruyn     11th August 2008 JSE-listed construction firm Group Five said on Monday that construction sector, particularly in South Africa, would remain strong for the foreseeable future. Speaking at the company’s results presentation, in Johannesburg, CEO Mike Upton reported a 77% increase in full-year profit, and said... 

Emulating Mexico could slash unemployment – Tony Leon 

By: Martin Creamer     11th August 2008 South Africa should emulate comparable countries like Mexico and Thailand in order to slash unemployment, South Africa’s former Opposition Leader Tony Leon MP said on Monday. Leon told an audience at GIBS university in Johannesburg that, if South Africa followed the example of developing... 

Africa growth ambitions undermined by lack of skills investment  

By: Matthew Hill     8th August 2008 Africa received a stern warning from the Deputy President of the continent’s biggest economy that its growth and development ambitions were threatened by its anaemic skills investment. The continent must not allow the lack of skills development “to define why we are in a vicious cycle of poverty... 

R1,2bn cement investment will help keep supply-demand balance 

By: Dennis Ndaba     8th August 2008 Building materials producer Lafarge is investing in a R1,2-billion cement capacity expansion project, dubbed Rainbow. 

Soccer City’s roofing retrofit a major engineering challenge 

By: Dennis Ndaba     8th August 2008 The erection of the roof for Soccer City, the iconic stadium outside Soweto, where the opening and final matches of the 2010 FIFA World Cup will be played, is proceeding according to schedule, says project director Mike Moody 

SA to spend R6bn to halve illiteracy by 2012  

By: Chanel de Bruyn     7th August 2008 Deputy Minister of Education, Enver Surty, on Thursday said that government hoped to have no functionally illiterate or illiterate people in South Africa by 2015. The Department of Education was spending R6,1-billion over a five-year period to halve illiteracy by 2012 through its Kha Ri Gude... 

Local manufacturers to benefit from migration to digital broadcasting 

By: Chanel de Bruyn     7th August 2008 Cabinet's decision to approve the Broadcasting Digital Migration policy was providing a framework for South Africa to start the migration from analogue to digital broadcasting, which would start in November this year, Communications Minister Ivy Matsepe-Casaburri said on Thursday. Speaking at a... 

African economies collectively world’s fifth largest – Ernst & Young 

By: Martin Creamer     6th August 2008 The aggregate of the combined economies of the 53 countries in Africa collectively represented the fifth largest economy of the world, Ernst & Young Ethiopia managing partner Zemedeneh Negatu told a surprised Africa Investor Summit in Johannesburg on Wednesday. 

Major revamp for Sandton City, new office tower planned 

By: Christy van der Merwe     5th August 2008 The fourth quarter of 2008 would see northern Johannesburg’s Sandton City begin its transformation, as the R1,77-billion first phase of the ‘masterplan’, which includes refurbishment of the existing centre, addition of 30 000 m2 of new retail space, improved access and additional parking bays,... 

SA urged to beef up fixed investment as economy runs out of productive capacity  

By: Chanel de Bruyn     5th August 2008 While South Africa's fixed capital formation as a percentage of gross domestic product (GDP), has been increasing, it still needed to climb to a sustained level of between 25% and 30% of GDP to ensure that the country's productive capacity was improved, Absa Corporate and Business bank (ACBB)... 

New freight rail command centre goes live 

By: Terence Creamer     5th August 2008 A new state-of-the-art national operation centre (Noc) for the railways, which has been established by Transnet Freight Rail (TFR) in Parktown, Johannesburg, went live on Monday night after it was officially inaugurated by Public Enterprises Minister Alec Erwin. The facility, which is housed at... 

Absa and Telkom ink R1,7bn deal  

By: Chanel de Bruyn     4th August 2008 Retail bank Absa on Monday signed a five-year R1,7-billion wide area network (WAN) deal with fixed-line telecommunications operator Telkom, in which it would connect over 2 500 Absa outlets through its flagship next generation network (NGN) virtual private network (VPN) Supreme solution. Telkom... 

Costs associated with township renewal programme rise to R4bn 

By: Dennis Ndaba     1st August 2008 The Gauteng provincial government’s 20 Priority Township Project (20 PTP), aiming at building better communities and upgrade local and social infrastructure has exceeded its initial target of R3-billion. 

ArcelorMittal SA expects profits to improve on higher prices 

By: Matthew Hill     30th July 2008 After having posted record results for the half-year period to June on Wednesday, ArcelorMittal South Africa said that it expected the current quarter’s figures to show a “substantial” improvement. CEO Nonkululeko Nyembezi-Heita expected both domestic and international demand to remain robust,... 

Steel major eyes more exposure to raw materials 

By: Matthew Hill     30th July 2008 Africa’s biggest steelmaker, ArcelorMittal South Africa, on Wednesday said it was keen on gaining greater exposure to the raw materials that it used, and that coal was “definitely an immediate interest”. The company would also have a gap in its iron-ore supply by 2012, when it reached its... 

New Melrose Arch shopping centre nearing completion 

By: Christy van der Merwe     30th July 2008 The first phase of the new 23 000m2 Melrose Arch shopping centre in the new Melrose Arch Piazza – an extension of the existing mixed-use precinct in northern Johannesburg - was over 80% complete and on schedule for handover in April 2009, confirmed Melrose Arch development company director... 

ArcelorMittal SA will not increase prices in September 

By: Terence Creamer     30th July 2008 Africa’s largest steel producer ArcelorMittal South Africa would rollover its prices in September in line with the price stablisation that was occurring in other markets around the world and despite continuing strong domestic demand, underpinned by the country's infrastructure boom. CEO... 

AECI upbeat about remainder of 2008 

By: Chanel de Bruyn     29th July 2008 Chemicals and explosives firm AECI on Tuesday said it expected its 2008 full-year results to be much improved compared with the 2007 financial year, if trading conditions remained buoyant. Growth in the mining and manufacturing sectors, continued consumer buying, although weak, and agricultural... 

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