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LATEST South Africa  

Brian Joffe will ‘relinquish’ Long4Life CEO post to become chairman

UPDATE
14 Oct 2021 /  Suren Naidoo   8
Group posts a strong set of interim results, but news of an unsolicited offer also saw its share price surging over 16%.

Mantashe opposes coal ban for climate aid

14 Oct 2021 /  Antony Sguazzin and Paul Burkhardt, Bloomberg   7
Rich nations shouldn’t force SA to ban new coal-power projects and impose other conditions as a requirement for funding to help reduce its environmental footprint.

NUMSA rejects new wage offer

14 Oct 2021 /  Wendell Roelf, Reuters   6
Engineering strike continues.

Icasa to fight Telkom over spectrum withdrawal

14 Oct 2021 /  Duncan McLeod, TechCentral  
Icasa said in a brief statement that it 'intends to oppose the litigation', but it didn’t provide any information on what grounds it intends to oppose it.

SA is the best place for business in Africa

14 Oct 2021 /  Adriaan Kruger   25
A few countries on the continent are probably not fit to consider for investment or business at all.

Eskom remains on a knife edge

14 Oct 2021 /  Moneyweb   39
Load shedding suspended but underlying generation capacity does not look good.

Liberty minorities approve Standard Bank’s buyout offer

13 Oct 2021 /  Moneyweb  
Transaction is expected to be finalised in the first quarter of 2022 and Liberty is likely to be delisted.

Eni to exit SA offshore oil block amid tech challenges

13 Oct 2021 /  Antony Sguazzin and Alberto Brambilla, Bloomberg  
Due to concerns over the technical challenges of drilling in deep waters, according to two people familiar with the decision. 

Vantage Data Centers plans R15bn Joburg campus at Attacq’s Waterfall mega-development

UPDATE
13 Oct 2021 /  Moneyweb   22
Says the facility will be the largest ‘hyperscale’ data centre in Africa.

Billionaire-backed SA stock exchange expects 2023 breakeven

13 Oct 2021 /  Loni Prinsloo, Bloomberg   1
As trading in the secondary listings it offers takes off.

Is this the worst run municipality in South Africa?

13 Oct 2021 /  Steve Kretzmann, GroundUp   22
Vereeniging is a disaster. But will voters punish the ANC?

Karpowership plan hit by new corruption allegations

13 Oct 2021 /  Antony Sguazzin, Bloomberg   8
DNG alleges that businessmen who are now partnering Turkey’s Karpowership approached the firm’s chief executive officer seeking a bribe.

Cabinet says final decision on e-tolls has not been made

13 Oct 2021 /  Roy Cokayne   22
Despite transport minister stating that the system cannot be scrapped.

M&R expands in US market with R423m deal

13 Oct 2021 /  Roy Cokayne   1
As part of its strategy to diversify and grow the service offering of its energy, resources and infrastructure platform in the region.

SA women ‘earn’ less than men even in retirement

13 Oct 2021 /  Akhona Matshoba   8
Influenced by decades of inequality, breaks in careers, wage differences – and a higher cost of converting accumulated savings to an income.
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