Brand South Africa has appointed Thulisile Manzini acting CEO. This follows the suspension of CEO Dr Kingsley Makhubela, owing to a number of charges being pursued in a disciplinary process ..read more

Global steel demand is expected to increase by 1.3% year-on-year to 1.74-billion tonnes this year, the World Steel Association’s (worldsteel’s) ‘April 2019 Short Range Outlook’ shows. Demand is projected to grow by a further 1% in 2020 to 1.75-billion tonnes, the association added ..read more

Amid a tough customer landscape, food and beverage producer Libstar Group intends to drive in-depth analysis of category gaps and new product innovation – particularly through its Southdale-based Dickon Hall Foods facility – this year to increase its customer relationship advantage and develop additional channels. Under the Libstar umbrella of innovation, the company intends to allocate significant capital to new technologies, efficiency improvements and integration opportunities, as well as capacity expansion in key categories ..read more

JSE-listed information and communication technology (ICT) service provider EOH’s share price rose by 55.76% on Tuesday as the company reported its financial results for the six months ended January 31. The company reported a loss for the six months of R3.3-billion mainly owing to one-off costs and impairments, while revenue stayed steady at R8.19-billion ..read more

Lingering policy uncertainty and regulatory delays are continuing to impede the development of hundreds of small-scale embedded generation (SSEG) projects, which are seen at the quickest and cheapest way for South Africa to address its current electricity supply deficit. The South African Independent Power Producer Association (SAIPPA) estimates that between 2 500 MW to 3 500 MW of capacity is being constrained as a result of the problem and that 30 MW to 50 MW could be added monthly once coherent processes are instituted ..read more

BMW Group South Africa (BMW SA) has cut the ribbon on its expanded and revamped campus in Midrand, Gauteng. The project carried a price tag of R260-million ..read more

Ratings agency Moody's warned South Africa again on Tuesday that growing government debt linked to bailouts of state firms would continue to pressure the country's investment grade status. Moody's was the last of the big three ratings agencies to give South Africa an investment-grade rating, so markets are sensitive to any pronouncement it makes on the fiscal and economic strength of Africa's most industrialised economy ..read more

For the first time on Sunday Kusile Unit 3 produced power, according to an internal memo to Eskom staff. According to the note from Eskom's chief operating officer Jan Oberholzer, sent out to staff on Monday, the synchronisation of the unit happened eight months ahead of the scheduled December 2019. This is the third out of six Kusile units which have been synchronised to the national grid ..read more

The Competition Commission has referred a case of alleged cartel conduct against network maintenance companies KF Computers and SAAB Grintek Defense to the Competition Tribunal for prosecution.   The two firms have been charged with alleged collusive tendering in respect of a tender that was put out by the State Information Technology Agency (Sita) for the provision of network maintenance and system support services to the South African Air Force’s (SAAF's) Ground Command and Control Systems (GCCS) and Current Intelligence System (Curis).   Sita in March 2016 submitted a complaint to the commi ..read more

"Will I still have a job in this turnaround of Eskom?" That's the question Eskom Group CEO Phakamani Hadebe hears most often ..read more