Denel aiming to access contingency fund, confident about future despite ratings fall. State-owned South African defence industrial group Denel is preparing an application for funding from the 13-billion rand contingency reserve announced by Finance Minister Tito Mboweni in his 2019/20 Budge...

SABS to invest 300 million rand in laboratory infrastructure as part of turnaround. The South African Bureau of Standards (SABS), which is currently in administration, has initiated a process of renewing its laboratory infrastructure as part of a broader turnaround plan under way at t...

South Africa's private-sector activity expands in Feb – PMI. Activity in South Africa's private sector expanded for the first time in eight months in February, as output stabilised and new orders fell at a slower pace, a survey showed on Tuesday. IHS Markit's...

Mining weighs as economic growth slows to 0.8% in 2018. South Africa's economy grew by a lesser 0.8% last year after expanding 1.4% in 2017, the national statistics agency said on Tuesday. Growth in gross domestic product also slowed to 1.4% in the fourt...

Gauteng preparing large projects to tap 100 billion rand blended-finance infrastructure fund. Gauteng Finance MEC Barbara Creecy expressed optimism on Tuesday that the province’s experience in developing a pipeline of blended-finance projects would position it well to tap into the new infrastru...

Rolfes H1 headline earnings rise by 33% y/y. JSE-listed Rolfes Holdings’ revenue from continuing operations increased by 13.5% year-on-year to 833.1-million rand for the six months ended December 31, 2018, as a result of higher volumes in certain div...

Sugar, chicken imports contribute to 26% y/y decrease in RCL’s H1 earnings. Food producer RCL Foods’ headline earnings decreased by 26.3% to 475-million rand for the six months ended December 31, 2018, compared with the 644-million rand reported for the six months ended December 31, 2...

Bidvest lifts H1 earnings, appoints CEO designate. JSE-listed services, trading and distribution company Bidvest’s headline earnings for the six months ended December 31, 2018, increased by 10% year-on-year to 2.1-billion rand, while headline earnings per ...

Virtual reality emerging as a mainstream skills-development tool. Virtual reality (VR) has hitherto been primarily associated with the gaming industry, where the technology was largely developed and refined. However, as rates of digital penetration rise and the Fourt...

S&P; revises Eskom outlook to stable in wake of govt’s 23-a-year billion rand pledge. Credit ratings agency S&P; Global Ratings has revised its outlook on Eskom to stable from negative, following Finance Minister Tito Mboweni’s announcement of 23-billion rand a year of additional funding to ...