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South Africa’s mining production beats expectations

By: Simone Liedtke     9th May 2019 Even though mining production continued to contract in March, dropping by 1.1% year-on-year, the March performance is considerably better than the 7% contraction that economists forecast. The production decline softened unexpectedly against February’s 8.1% year-on-year plunge, revised upwards... 

March manufacturing output better than expected 

By: Mariaan Webb     9th May 2019 South Africa’s manufacturing output is continuing on a positive trend, with March output increasing by 1.2% year-on-year, beating market expectations of a contraction of 0.2%. The largest positive contributions were made by energy-intensive industries, which commentators say is surprising, given... 

South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue  

By: Terence Creamer     7th May 2019 South African Federation of Trade Unions general-secretary Zwelinzima Vavi has called for urgent social dialogue on South Africa’s “inevitable” energy transition from coal to renewable energy, warning that the country’s current framework will fail to deliver a just outcome for workers and poor... 

Wescoal adds Nedbank’s Lentsoane, South32’s Sibisi to management

By: Simone Liedtke     7th May 2019 JSE-listed mining group Wescoal on Tuesday announced the appointment of Enos Lentsoane as the company’s new executive head of commercial and investments, effective from May 1. Lentsoane will be responsible for identifying potential acquisitions, partnerships and investments that align with... 

Ramaphosa addresses YES youth concerns

By: Marleny Arnoldi     2nd May 2019 Since President Cyril Ramaphosa launched the Youth Employment Service (YES) in March last year, companies have jointly committed to realising nearly 18 000 work opportunities. The President on Thursday met with YES candidates who started their paid work experience at Nedbank and responded to... 

Ramaphosa to receive update on Youth Employment Service

By: African News Agency      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... 

Nedbank reports ‘overwhelmingly positive’ response to pioneering renewable-energy bond 

By: Terence Creamer     30th April 2019 Financial services group Nedbank reported an “overwhelmingly positive” market response on Tuesday to its pioneering listing of a renewable-energy bond on the Green Bond Segment of the JSE. Nedbank became the first South African bank to list such an instrument on the bourse’s platform, which was... 

Abland’s Rubik development set for July 2021 completion

By: Marleny Arnoldi     29th April 2019 Property developer Abland expects to start demolition and earthworks on The Rubik mixed-use development, in Loop street, in the Cape Town central business district, in the second half of this year. In partnership with Nedbank, Abland will erect a new building with retail, commercial and... 

Nedbank commits to further investment in Youth Employment Service 

By: Marleny Arnoldi     26th April 2019 Nedbank has agreed to sponsor 3 315 youths between the ages of 18 and 29 for paid work experience over the 12 months from May 1. This forms part of the bank’s funded skills development programme run with the Youth Employment Service (YES). The agreement, dubbed the CEO Pledge, was signed by... 

Jean-Claude Lasserre

By: Martin Zhuwakinyu     26th April 2019 This week we profile Jean-Claude Lasserre, sub-Saharan Africa CEO for Saint-Gobain, which manufactures and distributes materials and solutions that can be found in buildings, transport, infrastructure and many industrial applications 

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