Construction index improves in Q4, but 2018 average is below year before. A recovery in the 2018 fourth-quarter Afrimat Construction Index (ACI) has failed to lift the index to a higher level than the year before, but economist Dr Roelof Botha is optimistic that construction...

Petrochemicals and jet fuel to underpin oil growth as gasoline slows. Petrochemicals and jet fuel have emerged as key drivers of oil growth, with the International Energy Agency’s (IEA’s) latest market forecast indicating that the two sectors will account for more that 3...

Soekoe Bicycle Company to launch vintage-look electric bike for export market. By his own admission Desmond Soekoe is not a traditional business man. Rather heavily tattooed and not fond of a suit and tie, he runs Soekoe Bicycle Company, a fledgling bicycle manufacturer based in ...

By midyear, 3 billion rand Leonardo will eclipse Carlton as SA’s tallest skyscraper. The view from the top of the Leonardo is quite spectacular, says Legacy Group development director Jamie Hendry. “It really is a 360º experience. On a clear day, you can see the Magaliesburg mountai...

New-vehicle exports to Africa improved by 10% in 2018. New-vehicle exports from South Africa to the rest of Africa have improved by 9.8% in 2018 compared with 2017, “following a number of years of sharp decline”, says the National Association of Automobile...

Novo Energy launches 130 million rand gas compression facility in eMalahleni. Energy solutions company Novo Energy on Friday launched a 130-million rand large-scale natural gas compression facility at the Highveld industrial park, in eMalahleni, Mpumalanga. The facility provides ...

SARB says unrealistic to target specific employment level. South African Reserve Bank (SARB) governor, Lesetja Kganyago, said on Wednesday that it is unrealistic for central banks to target specific employment levels, after the country's governing party said t...

MTN posts significantly higher FY18 earnings. JSE-listed telecommunications giant MTN on Thursday posted an 85.2% increase in its reported headline earnings per share (HEPS), from 182c in 2017 to 337c during the year ended December 31, 2018. Wh...

Energy Regulator sanctions 13.82% Eskom tariff hike for 2019. South Africa’s Energy Regulator has granted Eskom allowable revenue of 206.38-billion rand for 2019/20, which will translate into a tariff increase of 9.41% from April 1, exclusive of the 4.41% hike sancti...

SARB still sees 2019 growth at 1.7%. The South African Reserve Bank (SARB) still expects the economy to grow by 1.7% this year and 2% in 2020, governor Lesetja Kganyago said on Wednesday after the latest fourth-quarter data showed an annu...