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Cash a precursor to growth, says construction giant 

By: Irma Venter     21st September 2007 A share buyback is only one way in which engineering and construction group Aveng will spend the proceeds from the sale of its stake in cement maker Holcim. Another option on the table is a possible acquisition. 

Housing firm RBA to use listing as growth springboard 

By: Olivia Soraya Spadavecchia     20th September 2007 Medium-cost housing firm RBA Holdings, which listed on Thursday on the AltX, plans to use capital raised to fund land acquisition, and facilitate further growth for the company. Shares in the company closed at R1,40 a share on Thursday, up from the issue price of R1,00. CEO David Wentzel said... 

SAA expands African capacity in revenue growth drive 

By: Mariaan Webb     18th September 2007 National carrier South African Airways (SAA), which is in the midst of a restructuring plan, will be adding additional capacity to 11 of its 19 African destinations, as it seeks to boost the airline's revenues, GM for commercial operations Rushj Lehutso said on Tuesday. Lehutso said at a... 

On-The-Air (14/09/2007) 

By: Martin Creamer     14th September 2007 In this broadcast: SA singled out as an ideal country to set up carbon-capture project; World Bank trying to put an end to gas flaring; Important oil & gas discovery in Zamibia. 

SAA to tap State soon for restructuring finance 

By: Terence Creamer     14th September 2007 National carrier South African Airways (SAA), which is in the midst of a far-reaching reorganisation and retrenchment programme, expects to begin 'tapping' its shareholder, the South African government, soon for further capital to help fund its restructuring - the full cost of which was... 

Gautrain construction steams ahead 

13th September 2007 Construction on the Gautrain rapid-rail link, which began in September last year, continued on schedule during the month of August, the company building the R25-billion project said in a progress update this week. 

Market applauds Aveng  

11th September 2007 Shares in construction and engineering group Aveng gained morre than 8% on Tuesday, as investors reacted positively to strong financial and operational results posted by the company the previous day. 

Aveng confident of victory, albeit delayed, in Aquarius dispute 

By: Matthew Hill     10th September 2007 Construction, engineering and steel group Aveng has said, in its most confident statement on the dispute yet, that platinum-miner Aquarius Platinum South Africa would eventually have to pay out for cancelling a mining contract at its Marikana mine, but that this would likely only occur in three... 

Sasol says gas-to-liquids problem 'solved', but project cost to rise by $50m 

By: Terence Creamer     10th September 2007 South African energy group Sasol claims to have substantially overcome the technical problems afflicting its high-profile Oryx gas-to-liquids (GTL) joint venture, in Qatar, success at which is viewed as vital to proving a technology that could offer a serious alternative transport-fuel source. 

Aveng heaves sigh of relief as Grinaker-LTA returns to profitability 

By: Matthew Hill     10th September 2007 Construction giant Aveng said on Monday that its construction division Grinaker-LTA was no longer the group's problem child, as the unit reported its first profit in three years, and that all units had returned to profitability for the year ended June 30. 

Sasol considers Free State, Waterberg sites for new coal-to-liquids plant  

By: Mariaan Webb     10th September 2007 Sasol's proposed new coal-to-liquids (CTL) plant, which would significantly increase much-needed inland refining capacity in South Africa, would either be built in the Free State or in the Waterberg, in Limpopo, executive director Benny Mokaba confirmed on Monday.  

Sasol to sell 10% to black investors in record R17,9bn BEE deal 

By: Mariaan Webb     10th September 2007 Petrochemicals giant Sasol unveiled South Africa's largest black economic empowerment (BEE) transaction to date, announcing plans to sell 10% in the company to black investors, in a R17,9-billion deal. CE Pat Davies said on Monday that the company wanted "as many black South Africans as... 

On-The-Air (07/09/2007) 

By: Terence Creamer     7th September 2007 In this broadcast: Upscale of SA's energy efficiency initiatives; Jitters in resources economy as a result of softening prices; Lack of safety the hottest topic in mining.  

Envisaged gas-turbine capacity won't be ready by winter 2008  

By: Terence Creamer     6th September 2007 State power utility Eskom admitted on Thursday that plans for the introduction of an additional 1 050 MW of open cycle gas-turbine (OCGT) capacity by the winter of 2008 had been thwarted by delays in the finalisation of environmental-impact assessment (EIA). CEO Jacob Maroga said that the utility... 

Eskom's toughest challenges still ahead as reserve margins get tighter 

By: Matthew Hill     6th September 2007 Although South Africa's power provider, Eskom, coped surprisingly well during the winter crunch, where demand reached a new record, it warned on Thursday that summer would be risky too, and that next winter would be an even bigger challenge, with power demand expected to peak at 38 600 MW. 

SAA expects to tap State soon for restructuring finance 

By: Terence Creamer     5th September 2007 National carrier South African Airways (SAA), which is in the midst of a far-reaching reorganisation and retrenchment programme, expects to begin "tapping" its shareholder, the South African government, soon for further capital to help fund its restructuring - the full cost of which was... 

SAA may cut more than 3 000 jobs   

By: Mariaan Webb     5th September 2007 National carrier South African Airways (SAA) might retrench more than 3 000 members of its 11 000-strong work force as part of its efforts to return the airline to profitability. GM for human resources Bhabhalazi Bulunga said on Wednesday that SAA might have to lay off some 2 232 employees to... 

On-The-Air (31/08/2007) 

By: Martin Creamer     31st August 2007 In this broadcast: Norilsk from Russia investment in SA; Rio Tinto investing in Rossing Uranium mine in Namibia; Trillion-rand company in the form of BHP Billiton.  

On-The-Air (24/08/2007) 

By: Martin Creamer     24th August 2007 In this broadcast: SA's breakthrough in solar-power technology will make its debut in Germany; Billion-rand contract to supply armoured cars; Anglo American buying copper deposits in icy Alaska. 

On-The-Air (17/08/2007) 

By: Martin Creamer     17th August 2007 In this broadcast: SA largest steel producer attempt at being 'proudly South African' went horribly wrong; R400-m agreement with a Brazilian helicopter refurbisher; Global mining tyre shortage biting hard. 

On-The-Air (10/08/2007) 

By: Martin Creamer     10th August 2007 In this broadcast: SA's highest-ever rand gold price; Cynthia Carroll "brought up 30 000 people out of the ground" for safety training; Sasol Four is back in contention. 

On-The-Air (03/08/2007) 

By: Martin Creamer     3rd August 2007 In this broadcast: President Mbeki and his Cabinet have identified large-scale local manufacture; South Africans sparked off an unexpected gold rush; Landlocked Malawi's ambitious quest to build waterway. 

On-The-Air (27/07/2007) 

By: Terence Creamer     27th July 2007 In this broadcast: Concern about price hikes by Eskom from next year; New agency in bid to close the gap between research and commercialisation; A car terminal that will process 250 000 cars a year.  

On-The-Air (20/07/2007) 

By: Martin Creamer     20th July 2007 In this broadcast: World's biggest drilling programme under way near Klerksdorp; Proposals table for another three Gautrains; R2,6-billion gold mine being built on SA's South Rand area. 

On-The-Air (13/07/2007) 

By: Martin Creamer     13th July 2007 In this broadcast: SA taking steps to turn Bas-Congo into 2nd Dubai; Abundant mineral resources is our biggest economic trump card; Plans to catapult SA industry to new high level. 

On-The-Air (06/07/2007) 

By: Martin Creamer     6th July 2007 In this broadcast: Green Building Council to fight climate change; Sugar giant in R285-m land-claim restitution deal; Transnet to raise R25-bn for capital expenditure programme. 

On-The-Air (29/06-2007) 

By: Martin Creamer     29th June 2007 In this broadcast: Coal treasure chest in SA's Waterberg region; New power-station project expected to slash costs; Cost of Transnet's Durban-to-JHB fuel pipeline. 

On-The-Air (22/06/2007) 

By: Martin Creamer     22nd June 2007 In this broadcast: CVRD to build biggest coal in in Mozambique; Soaring uranium price sparking a frenzy of exploration drilling; Engineers to do some work after graduating. 

On-The-Air (15/06/2007) 

By: Martin Creamer     15th June 2007 In this broadcast: Mondi planning a duel listing; Initiative under way to ensure all precious metal is recovered; Chair of clean coal established at Wits University. 

On-The-Air (08/06/2007) 

By: Martin Creamer     8th June 2007 In this broadcast: SA rejected chrome project now worth R5-bn; World's highest diamond min producing highest-value diamonds; SA's new weather base in Antarctic to open early next year.  

On-The-Air (01/06/2007) 

By: Martin Creamer     1st June 2007 In this broadcast: SA gold mines in their deepest descent yet; Eskom to complete business case for nuclear power investment; National initiative to reverse decline in tooling industry. 

On-The-Air (25/05/2007) 

By: Martin Creamer     25th May 2007 In this broadcast: Eskom approved its second six-pack power station; R100-m Pineapple growing in Namibia; Telkom in bid to secure reduced tariff for SA's call-centre industry. 

On The Air (18/05/2007) 

By: Martin Creamer     18th May 2007 In this broadcast: SA government approved new industrial offset scheme; SA companies to export R6-bn worth of aircraft components to Europe; SA hosting conference on carbon capture & storage.  

On-The-Air (11/05/2007) 

By: Martin Creamer     11th May 2007 In this broadcast: Energy project under way to provide clean household power; San people led entrepreneurs to appetite-suppressant crop; Prawn project due for rollout at Coega IDZ. 

On-The-Air (04/05/2007) 

By: Terence Creamer     4th May 2007 In this broadcast: Moves afoot to produce laptop for less than $100; JHB looking to build a broadbank network of its own; Free State gold mine looks to earn carbon credits; 

On-The-Air (27/04/2007) 

By: Terence Creamer     26th April 2007 In this broadcast: New West Coast submarine fibre-optic cable linking Africa with Europe; Action plan for new industrial policy for SA; Luxury vehicle manufacturer gears up for production. 

On-The-Air (20/04/2007) 

By: Martin Creamer     20th April 2007 In this broadcast: Bid to cut the high cost of SA telecommunications; Eskom embarking on programme to cut electricity consumption; SA's first kenaf plant commissioned in KZN Midlands. 

On-The-Air (13/04/2007) 

By: Martin Creamer     13th April 2007 In this broadcast: Aviation in Africa to be liberalised so trade can be free; Malawi taking step towards carving a waterway for itself; There is still gold in Mpumalanga. 

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