Aveng to consider legal options after Leonardo contract is terminated . Infrastructure and resources company Aveng plans to seek damages from Legacy Group after it moved to terminate Aveng’s contract for the construction of the building, which is Africa’s tallest.

The co...

Pleading for leniency, Eskom wants to slash emissions by 2035 . Power utility Eskom, South Africa’s biggest polluter, said it will slash emissions of three major pollutants by 2035 while it asks for exemptions to incoming standards to avoid as much as R37-billion i...

Business confidence remains lacklustre . Although the Business Confidence Index (BCI) remained “virtually unchanged” at 93.1 index points in December, compared with 92.7 index points the month before, the South African Chamber of Commerce and...

Clarity on emergency procurement of 3 000 MW expected only by end Feb . Hundreds of potential respondents to a request for information (RFI) – issued in December by the Department of Mineral Resources and Energy (DMRE) for supply and demand solutions to South Africa’s prev...

DMRE hosts briefing ahead of launch of emergency power programme . A briefing session will be held on Wednesday for potential respondents to the Department of Mineral Resources and Energy’s (DMRE’s) request for information (RFI) for power generation solutions that can...

New-vehicle sales dip 2.8%; exports set new record . The domestic new-vehicle sales market yet again retreated into negative territory, declining by 2.8% in 2019, to 536 626 units, down from the 552 227 units sold in 2018.

New-vehicle sales declined by...

President, institutions salute Maponya . President Cyril Ramaphosa in a statement on Monday expressed his condolences to the family of esteemed business leader Dr Richard Maponya, who passed away early on Monday morning, a few days after his ...

South African power cuts dim business activity in December . South African business activity fell to the lowest level in 14 months in December due to the deepest power cuts yet.

A Purchasing Managers Index compiled by IHS Markit fell to 47.6 from 48.6 in Novem...

Remgro-backed telecoms firm speeds up broadband expansion after R16bn debt deal . A South African telecoms company backed by investment firm Remgro plans to expand its high-speed broadband network after completing a R16-billion debt restructuring this week.

The building of fibre o...

Treasury says working to step up timeline for Eskom restructuring . South Africa's National Treasury said on Friday it is working to accelerate plans to restructure ailing power utility Eskom after ratings agency Fitch opted to keep the sovereign credit rating on hold,...