Second month of decline in domestic new-vehicle sales market. Domestic new-vehicle sales faced a second consecutive month of decline this year, dropping by 6.5% in February, to 43 251 units, compared with the same month last year. New-vehicle sales numbers rel...

More meetings with labour planned on Eskom. The special Cabinet committee on Eskom will hold more meetings with organised labour to discuss the contentious restructuring of the struggling power utility into three units, according to a statement ...

Higher fibre packaging demand, selling prices lift Mondi’s FY18 Ebitda. LSE- and JSE-listed packaging and paper group Mondi reported underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of €7.4-billion for the year ended December 31, 2018. ...

Imperial Logistics to cut deep at SA, European businesses. Imperial Logistics will cut another 10% in overhead costs at its South African operations, as well as roughly 20% at its European operations, says CEO Mohammed Akoojee. Speaking at the company’s fin...

Energy Regulator to announce Eskom tariff decision on March 7. The National Energy Regulator of South Africa (Nersa) will announce its decision on Eskom’s fourth multiyear price determination (MYPD4) application, as well as the State-owned utility's 2017/18 regula...

NTP Radioisotopes faces heavy losses this year but is confident of regaining market share. NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation, is expected to make a loss this year of 224-million rand, in comparison to profits of 108-million rand last ye...

US government agency’s backing of Tetra4 takes project ‘to next level’ – Renergen CEO. Integrated alternative and renewable energy business Renergen on Wednesday announced that the US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), had ap...

DBSA granted $100m to establish embedded generation investment programme. The Green Climate Fund (GCF) has extended funding of $100-million to the Development Bank of Southern Africa (DBSA) to establish the Embedded Generation Investment Programme (EGIP). Embedded generat...

Melbourne road project takes heavy toll on WBHO. A botched roads project in Melbourne, Australia, saw operating profit at Wilson Bayley Holmes-Ovcon (WBHO) nose-dive from 510-million rand for the six months to end December 2017, to 3-million rand for the sam...

Aveng outlines piecemeal sale process being pursued at Grinaker-LTA. JSE-listed construction and engineering group Aveng says the disposal process for Grinaker-LTA is well advanced, but has also confirmed that the company will not be sold as a single going concern. T...