Construction of new ships for South African Navy now under way. Construction of the first of three inshore patrol vessels (IPVs) for the South African Navy (SAN) formally started with a keel-laying ceremony at Damen Shipyards Cape Town (DSCT) on Saturday. The small...

Mtentu bridge will be built, assures Sanral’s Kannemeyer. The Mtentu bridge will be built, but when this will happen is not yet certain, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. The Aveng Strabag join...

Ramaphosa announces SIU Special Tribunal to fast track recovery of state funds. President Cyril Ramaphosa has established a Special Investigating Unit (SIU) Special Tribunal, in an effort to fast track the recovery of funds lost to the state from corruption or irregular spending....

Sasol to accelerate portfolio ‘simplification’ as review of 100 assets nears completion. Chemicals and energy group Sasol confirmed on Monday that its asset review was at an advanced stage and indicated that it would, in the coming months, accelerate efforts to simplify its portfolio. T...

South African central bank sees CPI target staying as range. South Africa’s central bank is unlikely to officially pursue a single point-inflation target soon even though it prefers to anchor price growth close to the 4.5% mid-point of its goal range, an adviser...

Eskom was the 'main stage in the theatre of corruption', says Mabuza. Eskom chairperson Jabu Mabuza told the Zondo Inquiry on Friday that the current board of directors discovered that the power utility was "the main stage in the theatre of corruption" when it was appoin...

Transnet sets up war room to combat infrastructure-theft surge and line sabotage. Transnet Freight Rail (TFR) has set up a war room together with the South Africa Police Service (SAPS) in a bid to deal with a surge in infrastructure theft, as well as recent acts of sabotage and vand...

Adcock’s H1 trading profit rises 17% y/y to 485 million rand. JSE-listed pharmaceuticals manufacturer Adcock Ingram on Thursday reported a 17% increase in trading profit to 485-million rand for the six months ended December 31, 2018, compared with the 416-million rand pr...

AfriSam expects ‘tough 2019’ amid continuing political, policy uncertainty. Construction materials company AfriSam CEO Rob Wessels expects “a tough 2019”, especially amid ongoing political and policy uncertainty. Wessels was, on Thursday, joined by political analyst Aubrey ...

Inclusion of strategic partner in grid company ‘not privatisation’. Finance Minister Tito Mboweni insists that the inclusion of a strategic equity partner in the national grid company to be formed in mid-2019 as a result of the unbundling of Eskom into three separate S...