Pioneer's shares rise on $1.7bn PepsiCo deal. JSE-listed Pioneer Foods' share price rose by nearly 31% on Friday after the company announced the conclusion of an agreement with New York-headquartered PepsiCo, which plans to acquire all of the outs...

Govt to see a 19% drop in road-generated revenue by 2030, study predicts. By 2030, government will see a 19.45% loss in its total road-generated revenue, owing to technological and societal trends, forecasts Johann van Rensburg, a PhD candidate conducting research on transpo...

Bahrain composites group aiming to use PRASA contract as platform for expansion into other sectors. Composites multinational BFG International, of Bahrain, has officially opened a 50-million rand factory in Ekurhuleni, South Africa, to supply fibreglass components for the Passenger Rail Agency of South A...

Gautrain looks at procuring pre-owned trains from the UK. The Gautrain Management Agency (GMA) is investigating the procurement of pre-owned rolling stock from the UK to address peak-hour congestion on the Gautrain system. This follows as a tender process to...

Ford, now accounting for 1% of GDP, introduces third shift at Silverton plant. Ford Motor Company of Southern Africa (FMCSA) is introducing a third shift at its Silverton assembly plant, in Pretoria, to meet growing international and local demand for its new Ranger pick-up, Range...

Radical plan to stem Necsa losses proposed and then withdrawn by board. The South African Nuclear Energy Corporation (Necsa) suffered cumulative losses of 257.78-million rand in the 2016/17 and 2017/18 financial years and is expected to announce an even larger loss of R294.27-...

Ayanda Myoli appointed as acting Necsa CEO as Robertson departs. The South African Nuclear Energy Corporation (Necsa) has confirmed that Ayanda Myoli has been appointed acting CEO at the troubled State-owned enterprise, following the departure of Don Robertson at th...

Tongaat CEO seeking to freeze payments on 11 billion rand of debt. Tongaat Hulett is asking ten lenders for a break from payments on as much as 11-billion rand of debt so it can recover from the impact of having to restate accounts, according to CEO Gavin Hudson. The emb...

EOH says bribery, corruption limited to a few individuals, subsidiaries. JSE-listed information technology services company EOH on Tuesday revealed the preliminary findings of a forensic investigation conducted by legal firm ENSafrica into suspected bribery and corruption a...

Sisulu promises traction in water sector. The Department Water and Sanitation is taking stock as it determines the required solutions for a sector fraught with major inequalities and unequal distribution, and an "inability to uphold the right ...