2014年8月26日 星期二

2014-08-27 South Africa Business

  BusinessTech   
South Africa dodges recession  Business Recorder
South Africa avoided slipping into recession in the second quarter as solid growth in agriculture and finance outweighed a plunge in production in the strike-hit mining sector, data showed on Tuesday. Africa's most developed economy has been battered by ...

A quick and massive decline in construction   Moneyweb.co.za
SA dodges recession as Q2 GDP grows 0.6pc   Chronicle
UPDATE 3-South Africa dodges recession, faces more pain ahead   Reuters
BDlive   
eNCA   
all 100 news articles »   

  South African Broadcasting Corporation   
'Blame Lonmin for Marikana'  The New Age Online
Lonmin: Susan Shabangu, who referred to Lonmin as a 'dark force' said the platinum mining company's success was in dividing the workers and deflecting attention from itself. Picture: Thapelo Morebudi. Print. divider. Mail. divider. Bookmarkl and Share ...

Marikana Commission: Minister Shabangu can't act   Daily Maverick
Lonmin responsible for Marikana problems - Shabangu   News24
Ex-minister blames Lonmin for Marikana   Independent Online
eNCA   
Business Standard   
Citizen   
all 80 news articles »   

  Reuters UK   
Lonmin rubbishes report of 5700 job cuts  Chronicle
BEN Magara, CEO of Lonmin, on Monday denied a Reuters report that the platinum producer plans to cut 5,700 jobs to improve profitability after the five-month strike that crippled the sector. Citing two mining sources in Johannesburg and London familiar with ...

UPDATE 1-Lonmin says no decision yet on size and shape of restructuring   Reuters Africa
Lonmin dismisses job cuts reports   Independent Online
Lonmin says no decision yet on size and shape of restructuring   Reuters UK
Resource Investing News   
all 65 news articles »   

  Thought Leader   
Nene open to partners for Eskom plants  Mail & Guardian Online
Treasury will consider partnerships with the private sector to extend some of SA's infrastructure build despite it being politically impossible. Minister of finance Nhlanhla Nene, said demands from state-owned companies, especially Eskom, did "pose a bit of a ...

Mandela Rhodes Scholars   Thought Leader

all 2 news articles »   


African Bank collapse exposes trading flaws  Moneyweb.co.za
South African companies' borrowing costs risk increasing after African Bank Investments Ltd.'s failure exposed flaws in the continent's biggest corporate bond market that prevented investors from selling the lender's debt. Buyers of company notes will demand ...


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MTN to cut nearly 850 managerial jobs - union  Moneyweb.co.za
South Africa's MTN Group plans to lay off about 850 managerial staff, a union official said on Monday, as the mobile operator contends with slowing revenue and tough competition in its home market after decades of robust growth. Africa's largest telecoms ...


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  Independent Online   
Pay back millions, Aurora managers told  Moneyweb.co.za
The former managers of Aurora Empowerment Systems and some of their family and friends have been ordered to repay over R15 million to the company's liquidators. Judge Eberhard Bertelsmann on Tuesday granted an order in the High Court in Pretoria in ...

Judge orders Aurora players to pay up   Mining MX
South Africa's Mandela-Zuma Mining Case Postponed Until March   Bloomberg
Aurora liquidators win right to recoup R15-million   eNCA

all 38 news articles »   

  The Maritime Executive   
Longshoreman ratify agreement, resume work at key northwest export terminals  Agri-Pulse
VANCOUVER, WA., August 26, 2014 - After almost two years of controversial contract negotiations which threatened the stability of U.S. agricultural exports, the longshoreman who load grain here have voted to ratify a new collective bargaining agreement ...

NW Longshore Union Members Approve Grain Contract   OPB News
Workers approve Northwest grain contract   Washington Post
Longshore members ratify contract with grain operators   Longview Daily News
Reuters Africa   
all 53 news articles »   

  Independent Online   
Aveng Sees Debt Reduction Following $234 Million of Asset Sales  Businessweek
Aveng Ltd. (AEG), South Africa's second-biggest construction company, plans to sell assets worth about 2.5 billion rand ($234 million) to reduce debt and sees earnings improving on higher orders and cost cuts. “The money will be used basically to reduce our ...

Aveng's underlying business better – CEO   Moneyweb.co.za
Aveng's revenue remains flat amidst tough mining market   CNBCAfrica.com

all 4 news articles »   

  TechCentral   
Telkom Names O'Sullivan of Sasol as Communications Executive  Businessweek
Telkom SA SOC Ltd. (TKG), Africa's largest fixed-line operator, appointed Jacqui O'Sullivan as managing executive of communications and public relations from oil producer Sasol Ltd. (SOL). O'Sullivan starts Sept. 15 after leaving Sasol, where she was vice ...

Sasol VP joins Telkom team   ITWeb
New spin doctor for Telkom   TechCentral
Telkom appoints new communications head   BusinessTech

all 6 news articles »   

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