Aveng nets 520 million rand from disposals, says noncore sales to be wrapped up in 2020. Infrastructure and resources group Aveng reported on Thursday that it had secured 520-million rand from the sale of six noncore businesses, as well as other assets, and that the process of disposing its re...

M&R order book nears 60 billion rand with another 10 billion rand added since July. Engineering and construction group Murray & Roberts (M&R) has added a further 10-billion rand to its order book, which stood at 46.8-billion rand at the end of July, and CEO Henry Laas believes the backlog cou...

Bidcorp 'well positioned' for the year ahead. International food, service and technology group Bidcorp increased its headline earnings per share (HEPS) for the year ended June 30 by 12.5% to 14.44 rand, while basic earnings a share increased by 14.8% ...

Motus weathers buying-down trend, looks to acquisitions in Aus, UK. Current economic conditions are forcing South African consumers to buy down when it comes to vehicle purchases, moving either to pre-owned, entry-level or smaller cars, says Motus CEO Osman Arbee. Mot...

CSIR engaged in genetics research to increase medication effectiveness in Africa. South Africa's Council for Scientific and Industrial Research (CSIR) is taking a leading role in using genetic science and technology to address important health issues in Africa. This was shown by CSI...

Government drafting sector targets for workforce transformation. The Department of Employment and Labour (DEL) is consulting stakeholders across all sectors in the South African economy to set employment equity targets in each one, since transformation in the workfo...

Imperial Logistics to align European business with African ambitions. Imperial Logistics will, in future, look at how better to align its European business with its African business, says CEO Mohammed Akoojee. "Africa will be a strong focus for Imperial going forward. W...

SKD production set to start at BAIC plant, CKD to follow in 2020, says IDC. Semi-knockdown production (SKD) is "about to start" at the BAIC South Africa (SA) plant in the Coega Industrial Development Zone, in the Eastern Cape, says Industrial Development Corporation (IDC) Auto...

South Africa risks tax revolt, bailouts over govt graft. South Africans could start withholding their tax payments due to years of corruption which might force the country to seek an international bailout, the chief of the revenue service said on Monday. Af...

Fancy a 1960s Land Rover? How about a lookalike made in South Africa. Accountant Willie Oosthuizen wanted a rough-and-tumble, simple-to-fix, fun-to-drive, affordable vehicle for use on the family farm near Potchefstroom. Unable to find one he liked on the open market, h...