Southern Palace-led consortium named preferred bidder for 2.5 billion rand Tambo Springs container terminal. State-owned freight logistics utility Transnet has named a consortium led by black-empowerment group Southern Palace as the preferred bidder for a 20-year concession to build and operate a new R2.5-bil...

Departures at State firms could drag out Ramaphosa's reforms. President Cyril Ramaphosa's mission to fix two of South Africa's most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer than planned after their chief execut...

Parsons warns of possible ‘technical recession’ after first-quarter GDP contraction. South Africa’s gross domestic product (GDP) is unlikely to grow by more than about 1% this year, North West University Business School economist Professor Raymond Parsons said on Tuesday, following the...

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’. The African National Congress (ANC) has unveiled what it describes as a “re-imagined industrial strategy” as part of a broader five-year programme of action agreed at the party’s three-day lekgotla, wh...

Organisations call for strong leadership at SAA following CEO’s resignation. The South African Airways Pilots Association (Saapa) has expressed concern about reports that outgoing South African Airways (SAA) CEO Vuyani Jarana’s turnaround plan had been “sabotaged internally and...

Exports, new-vehicle sales both down in May. In a double whammy for the South African automotive industry, new-vehicle sales contracted yet again in May, with exports also putting in a negative performance for the first time this year. The Sou...

Deterioration in headline PMI worrying, says Seifsa. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) erased most of last month’s gain and fell to 45.4 index points in May from 47.2 points in April, which – excluding the drop to 45 points in...

‘Blanket deviation’ does not exempt 1 MW to 10 MW projects form licensing process – Nersa. The National Energy Regulator of South Africa (Nersa) is ready to consider licence applications for small-scale embedded generator (SSEG) plants between 1 MW and 10 MW in line with the “blanket deviati...

Richards Bay storage facility to bolster reliability of LPG supply. Bulk liquid storage operator Bidvest Tank Terminals’ (BTT’s) 1-billion rand mounded liquefied petroleum gas (LPG) storage facility in Richards Bay, KwaZulu-Natal, is set to house the largest tanks in the w...

Tongaat’s shares fall as it announces plans to restate 2018 financial statements. JSE-listed Tongaat Hulett share price on the JSE fell by nearly 10% on Friday afternoon after it announced that it would have to restate its financial statements for the financial year ended March 31, ...