Coordinated plan to fix Eskom’s debt to be unveiled in ‘near future’ . A coordinated plan to fix Eskom’s capital structure will be unveiled in the near future, Deputy Finance Minister David Masondo said on Monday.

Addressing a JP Morgan South Africa conference, Masondo ...

Tongaat to pursue claims against former execs over ‘undesirable’ accounting practices . Embattled agroprocessing business Tongaat Hulett said on Friday that a probe by advisory firm PwC into the company’s past financial activities had revealed that certain senior executives had initiated ...

Industrial parks must focus on overcoming business constraints, says DTIC . To drive industrialisation in South Africa and promote economic growth, Department of Trade, Industry and Competition (DTIC) industrial cluster development director Gavin Adams says an industrial park’...

Ford South Africa to pay R35m penalty in Kuga fire matter . The National Consumer Commission (NCC) has determined that Ford Motor Company of Southern Africa (FMCSA) was not negligent in its conduct with regard to 56 Ford Kuga 1.6 Ecoboosts that caught fire in 2...

M&R sees 2020 as ‘a year of consolidation’ . Following several acquisitions in the prior financial year, the 2020 financial year will be “a year of consolidation for all three business platforms”, with the focus on growing the order book and on s...

DWS launches national water master plan . The Department of Water and Sanitation (DWS) on Thursday launched its long-awaited master plan to guide investment in the water sector and facilitate development planning for water resources and the de...

Nampak retains focus on reducing debt, cutting costs . JSE-listed packaging group Nampak expects the sale of Nampak Glass and Nampak Nigeria Cartons to raise R1.9-billion, which is said to be applied to reduce dollar-denominated debt, in particular.

Addi...

Business confidence rises from two-decade low . South African business confidence improved in the fourth quarter for the first time in almost two years, yet the economy remains stuck in a downward phase.

A quarterly gauge measuring sentiment rose ...

Renergen breaks ground at flagship gas project . Emerging natural gas producer Renergen on Tuesday marked the start of the pipeline construction at its flagship Virginia gas project, in the Free State.

Phase 1 of the Virginia project is expected to...

Gauteng budget boosted by prior year rollovers, but medium-term spend remains tight . The Gauteng provincial government (GPG) has revised its expenditure for the 2019/20 financial year ending March 31, 2020, upwards by R443-million, increasing the yearly provincial budget to R132-billio...