2014年11月11日 星期二

2014-11-12 South Africa Business

  Independent Online   
Weaker rand 'helps prop up mining industry'  BDlive
THE local mining industry experienced a significant decrease in profitability this year but the weakening rand tended to shield the industry‚ PwC said in a report on Tuesday. The mining industry continued to be marred by labour unrest. "In addition‚ local cost ...

SA mining industry shows financial decline in 2014 – report   Creamer Media's Mining Weekly
Weaker rand helping mining profits   Independent Online
New survey sheds light on biggest risks to SA mining   Eyewitness News
CNBCAfrica.com   
all 9 news articles »   

  MyBroadband   
Government deadlines: promises versus reality  MyBroadband
Many South Africans faced rolling electricity blackouts recently following the collapse of a coal storage silo at Eskom's Majuba power station in Mpumalanga. The disruption at the Majuba power station, however, was only the straw that broke the camel's back, ...

Eskom warns of potential load shedding on Tuesday night   BDlive
Eskom warns of load shedding tonight   Moneyweb.co.za
DA fires new salvo in Eskom battle   Independent Online
AllAfrica.com   
Politicsweb   
The Citizen   
all 12 news articles »   

  Independent Online   
AngloGold begins fresh round of cost cutting  Mining MX
[miningmx.com] – ANGLOGOLD Ashanti embarked on a fresh wave of cost-cutting at its South African mines after holding a meeting with the National Union of Mineworkers (NUM) last week regarding voluntary separate packages. Acting national spokesman ...

AngloGold Offers Severance Packages as Part of Cost-Cut Plan   Bloomberg
Ashanti to slash jobs - report   iAfrica.com
UPDATE 2-South Africa's AngloGold Ashanti to cut jobs   Reuters
BizNews   
all 22 news articles »   

  DestinyMan   
S&P Keeps Eskom at Investment Grade After State's Support Plan  Businessweek
Standard & Poor's kept Eskom Holdings SOC Ltd.'s credit rating at investment grade and removed the threat of an imminent downgrade after South Africa's government announced plans to support the state-owned power company. “We believe that the plan ...

S&P's affirms Eskom's BBB- rating following bailout   Creamer Media's Mining Weekly
S&P affirms BBB- rating on South Africa's Eskom   Reuters Africa
S&P affirms Eskom's credit rating   Moneyweb.co.za
CNBCAfrica.com   
DestinyConnect   
all 15 news articles »   

  Independent Online   
Bankrupt SAA told to hire recovery experts  Independent Online
Johannesburg - South African Airways was ordered by the government to appoint turnaround specialists and complete overdue financial statements in a quest to return the state-owned airline to profitability. Finance Minister Nhlanhla Nene and Public ...

Floundering SAA needs cash injection to avoid liquidation   Mail & Guardian Online
Ministers meet SAA board   The Citizen

all 10 news articles »   

  MyBroadband   
Massive South African solar plant comes online  MyBroadband
SolarReserve, a global developer of solar power projects and solar thermal technology, announced that the 96 megawatt (MW) photovoltaic (PV) Jasper solar power project is fully operational. Jasper is located in South Africa's Northern Cape in a solar park ...

South Africa's 96 MW Jasper solar power plant come online   PennEnergy
SolarReserve Completes 96 MW Jasper PV Plant In South Africa   Solar Industry
Google-backed SA solar farm comes online   TechCentral
PV-Tech   
StarAfrica.com   
all 10 news articles »   

  Ventureburn   
Microsoft 4Afrika, Skrill team up for new ecommerce portal  Ventureburn
Growing economies, an emerging middle class and increased connectivity. These are three things that a number of African countries have experienced over the past few years. They also however represent a massive ecommerce opportunity. Microsoft 4Afrika ...

Microsoft launches new eCommerce portal at AfricaCom   IT News Africa
Microsoft ties services into new African e-commerce portal as Internet.org app ...   Gigaom
Microsoft 4Afrika partners with Skrill to launch e-commerce portal and bring ...   Broadway World
Telecompaper (subscription)   
all 12 news articles »   

  Independent Online   
Moody's downgrades five major South African banks  Daily Times
JOHANNESBURG: Moody's Investors Service on Tuesday downgraded the long-term deposit and senior debt ratings of five major South African banks. The banks' ratings were downgraded by one notch to Baa2 (stable) from Baa1 (on review for downgrade).
Moody's affirms Sasol ratings   iAfrica.com
Moody's slashes biggest SA banks' ratings   Independent Online
Moody's downgrades development institutions   CNBCAfrica.com

all 14 news articles »   

  Independent Online   
HomeChoice to list on JSE next month  Independent Online
Johannesburg - HomeChoice Holdings plans to list on the Johannesburg stock market next month, the retailer of household goods said on Tuesday. HomeChoice, which uses call centres, catalogs, and the internet to reach South Africa's expanding middle ...

HomeChoice bounces back   Moneyweb.co.za
SA online retailer to list on JSE in December   BusinessTech
HomeChoice Plans Johannesburg Listing to Boost Africa Expansion   Businessweek

all 11 news articles »   

  Independent Online   
Central Rand Gold Surges on $150 Million Marsa Unit Sale Pact  Businessweek
Central Rand Gold Ltd. (CRD), which owns aging mines and prospecting areas around Johannesburg, rose the most on record after signing a sale agreement with Hiria Group Co., a unit of Marsa (Canada) Group Holdings. Central Rand Gold signed a ...

Mining Sector: Central Rand Gold soars on 'sale' MOU   Interactive Investor

all 13 news articles »   

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