RBA sees robust demand for affordable housing developments

JSE-listed housing development firm RBA Holdings said on Monday that market conditions for the residential property sector remained difficult, with high household indebtedness and a tight supply of... 

R220m containerised manganese project launched

The first phase of a containerised manganese project, representing an investment of some R220-million, was launched by the Free State government on Friday. The project is a key component of a... 

Cape Town may seek court interdict to stop N2 toll project

The City of Cape Town may file a court interdict to prevent the South African National Roads Agency Limited (Sanral) from moving ahead with the N2 Winelands toll project, Mayoral committee member... 

NUM legal team to intervene in Cons Murch dismissals

he National Union of Mineworkers (NUM) said on Friday that it had instructed its attorneys to intervene in the issue related to the dismissal of 840 of its members force at the Consolidated... 

SAA plays key role in SA’s international relations

The aviation sector has an important role to play in supporting South Africa’s international relations and cooperation strategy, Public Enterprises Minister Malusi Gigaba said. 

Broadcasting Bill being reviewed – Padayachie

Communications Minister Roy Padayachie said on Friday that it was necessary to “speedily” complete the review of the Public Service Broadcasting Bill, to enhance the technical rigour, credibility... 

SA’s ICT market could grow to R250bn by 2020

South Africa’s information and communication technology (ICT) industry could be a great contributor to gross domestic product growth, and could be worth R250-billion by 2020, Communications... 

SA placed second among Brics in competitiveness report

South Africa moved up four places in the latest global competiveness ranking, and ranked second among the Brics (Brazil, Russia, India, China and South Africa) countries. 

Pan African eyes more gold, platinum opportunities, profit jumps

JOHANNESBURG (miningweekly.com) – Aim- and JSE-listed Pan African Resources, which posted a strong performance for the financial year ended June 30, is looking to pursue further gold and platinum... 

Methane capture project at Beatrix mine registered under CDM

JOHANNESBURG (miningweekly.com) – The United Nations Framework Convention on Climate Change (UNFCCC) has registered a methane capture project at the Gold Fields’ Beatrix mine, in Welkom, as a Clean... 

Gold Fields makes $66m down payment on ‘promising’ Philippines project

South African gold major Gold Fields has made a $66-million down payment as part of an option agreement to acquire a 60% interest in an undeveloped gold/copper Far Southeast (FSE) deposit in the... 

S Africa’s Petmin to invest $25m in Canadian iron sands JV

South African diversified miner Petmin plans to increase its stake in a Canadian iron sands and pig iron joint venture (JV) project by a further 40% through a $25-million investment, the JSE- and... 

SA's reputation among G8 countries improving

Perceptions of South Africa’s reputation among the Group of Eight (G8) countries were improving, the Reputation Institute revealed on Wednesday. South Africa is ranked 33 out of 50 countries... 

Former Wesizwe CEO resigns as nonexec director

Platinum exploration and development company Wesizwe said on Tuesday that its nonexecutive director Arthur Mashiatshidi had resigned. His resignation is effective from September 19. 

PPC says FY earnings could fall as mcuh as 30%

A challenging business environment could result in South African cement producer Pretoria Portland Cement (PPC) reporting a drop of between 25% and 30% in earnings and headline earnings for the... 

Calgro M3 expands to Western Cape with R554m housing project

AltX-listed property development group Calgro M3 said on Tuesday it has expanded its local footprint to the Western Cape through the R554-million Scottsdene development, a four-year integrated... 

Black representation in JSE-listed companies remains low – Busa

The representation of black people in general, and black women in particular, in executive positions in companies listed on the JSE remains low, Business Unity South Africa (Busa) said on Tuesday.... 

Rio CEO says markets ‘somewhat’ weaker, but prices still strong

Diversified miner Rio Tinto CEO Tom Albanese said on Tuesday that pricing remained “strong” but that price volatility was starting to emerge amid turbulence in global financial markets. “We've... 

Grindrod sells R2bn stake to Remgro to help fund expansion

JSE-listed Grindrod plans to sell a 22% stake to investment holding firm Remgro for R2-billion to help fund its Southern Africa expansion plan, the shipping and freight services group announced on... 

Indonesian coal export ban could benefit SA producers

JOHANNESBURG (miningweekly.com) – A ban on the export of lower-quality coal in Indonesia, the world’s top thermal coal exporter, could open a window of opportunity for South African producers. 

Eskom forecasts material mining, industry demand growth

There were 60 mining projects and 33 industrial projects requiring a total capacity of 2152.23 MVA and 2958.02 MVA respectively, over the next ten years, Eskom regional key account manager Johan... 

Eskom sees tight supply enduring for five years

South Africa’s electricity shortage is expected to last for the next five years, but should the country not be able to close the current supply gap, even with the successful implementation of... 

Eskom to source another 5Mt of coal to boost stockpile

Power utility Eskom’s coal stockpiles were around 36 days and were projected to build to 40 days by the third quarter of 2011, Eskom regional key account manager Johan Pfister said on Thursday.... 

Eskom to source another 5Mt of coal to boost stockpile

Power utility Eskom’s coal stockpiles were around 36 days and were projected to build to 40 days by the third quarter of 2011, Eskom regional key account manager Johan Pfister said on Thursday.... 

Methane capture project at Beatrix mine registered under CDM

The United Nations Framework Convention on Climate Change (UNFCCC) has registered a methane capture project at the Gold Fields’ Beatrix mine, in Welkom, as a Clean Development Mechanism (CDM)... 

Village to grow gold output in September quarter

JSE-listed mining company Village Main Reef plans to increase its gold production in the first quarter of its 2012 financial year. The quarter, which ends September 30, is the first full quarter... 

Universal energy access in Africa requires political will

Political will was a key enabler in ensuring access to energy for all Africans by 2030, United Nations Development Programme’s (UNDP’s) Energy Group Bureau for Development Policy director Veerle... 

Competition body clears Namaqualand deal – Trans Hex

South Africa’s Competition Commission has provided an unconditional clearance certificate to Trans Hex for the purchase of Namaqualand Mines, the JSE-listed company said on Tuesday. Emerald... 

SA employers report positive hiring plans

South Africans were likely to benefit from a positive, but conservative hiring pace in the fourth quarter of this year, with hiring intentions showing little change from the previous quarter,... 

SA signs agriculture MoU with Swaziland

South Africa’s Department of Agriculture, Forestry and Fisheries and the government of Swaziland signed a memorandum of understanding (MoU) on Tuesday, to collaborate on research, technology and... 

Invest in agriculture to reduce poverty – World Bank

Mitigation and adaptation, political smartness and smart policy were crucial to developing Africa’s agricultural industry, the World Bank’s special envoy for climate change Andrew Steer said on... 

Infrastructure needed to help farmers cope with climate change

Investments in rural infrastructure, both physical and institutional, were needed to enhance the resilience of agriculture in the face of the uncertainties of climate change, Minister of... 

Group Five, Basil Read shares gain on R10bn toll road bid

Shares in construction firms Group Five and Basil Read jumped on Monday, after the companies announced that they formed part of the consortium awarded preferred bidder status for the Winelands toll... 

Pan African eyes more gold, platinum opportunities, profit jumps

Aim- and JSE-listed Pan African Resources, which posted a strong performance for the financial year ended June 30, is looking to pursue further gold and platinum opportunities in South Africa, CEO... 

Busa lowers 2011 growth forecast to 3.1%

Business Unity South Africa (Busa) on Friday lowered its economic growth forecast for the country from 3.4% to 3.1% for 2011. Busa said that the new forecast was in line with what many business... 

Optimum Coal says alternative bidder withdraws

JSE-listed Optimum Coal, which Glencore and local businessperson Cyril Ramaphosa want to buy, said on Friday that an alternative bidder has withdrawn its interest in acquiring a controlling stake... 

SAA plays key role in SA’s international relations

The aviation sector has an important role to play in supporting South Africa’s international relations and cooperation strategy, Public Enterprises Minister Malusi Gigaba said. Speaking to... 

Broadcasting Bill being reviewed, says Padayachie

Communications Minister Roy Padayachie said on Friday that it was necessary to “speedily” complete the review of the Public Service Broadcasting Bill, to enhance the technical rigour, credibility... 

SA’s ICT market could be worth R250bn by 2020

South Africa’s information and communication technology (ICT) industry could be a great contributor to gross domestic product growth, and could be worth R250-billion by 2020, Communications... 

Climate funding key to low-emissions development, UNDP avers

Finance would play a key role in supporting green, low-emission and climate resilient development, the United Nations Development Programme (UNDP) director for environmental finance Dr Yannick...