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Steelmaker ArcelorMittal profit builds on market recovery

Global steel giant ArcelorMittal said Friday, 10 November, its net profit soared in the third quarter thanks to solid market demand as well as strong prices for its products...

13 Nov 2017

Investors cheer PPC's optimistic trading update

PPC's share price rose 5.8% to R7.53 on Tuesday morning, 7 November, after it said its profitability had improved thanks to "robust growth in Rwanda and Zimbabwe" and a significant reduction in finance fees...

By Robert Laing 8 Nov 2017

Southern Palace Group acquires Genrec Engineering from Murray & Roberts

Southern Palace Group recently announced its 100% acquisition of Genrec Engineering, a steel fabrication and manufacturing business, from Murray & Roberts...

2 Nov 2017

Scaw Metals dismisses US claims about steel dumping

South African steel producer Scaw Metals has dismissed an "affirmative preliminary determination" by the US department of commerce...

By Mark Allix 27 Oct 2017

ArcelorMittal SA CE to retire in January

ArcelorMittal SA said on Tuesday, 24 October, that CEO Wim de Klerk is to retire in January...

By Andries Mahlangu 25 Oct 2017

South African steel production rises 9.9% y/y in September

SA's steel production grew by 9.9% year-on-year in September to 556,000 tonnes, after surging by 24.4% in August, and following July's 6.3% decline and June's 15.9% plunge, according to the World Steel Association...

By Dominic Preuss 24 Oct 2017

Afrimat to feel pinch of economic slowdown

Afrimat, after mostly shooting the lights out in its results over many years, appears at last to have been stymied by the poor South African economy...

By Mark Allix 20 Oct 2017

Fifth WoodEX for Africa exhibition set for July 2018

WoodEX for Africa 2018 will take place 11-13 July at Gallagher Estate in Midrand...

17 Oct 2017

PIC bulks up interest in cement-maker PPC

Cement producer PPC said on Monday, 16 October, the Public Investment Corporation (PIC) had increased its shareholding in the company...

By Ann Crotty 17 Oct 2017

#GBCSA2017: Rubble is a resource

One cubic metre of concrete has a carbon footprint of 350kg of CO2, making this staple material in the construction industry one of the biggest contributors to greenhouse gases in the world...

By Sindy Peters 12 Oct 2017

Fairfax's offer readies the field for a tug-of-war over correct value of PPC

The naysayers are starting to crawl out of the woodwork over a proposed pan-African merger between AfriSam, Fairfax Africa Investments and PPC...

By Mark Allix 12 Oct 2017

PPC merger opposition grows

Visio Capital Management, which holds 7% of PPC, is the latest investment manager to come out against a partial conditional offer for a merger with SA's largest cement group by AfriSam and Canada's Fairfax Africa Investments...

By Mark Allix 11 Oct 2017

Caterpillar to invest more than R1bn in Southern Africa in next decade

US construction vehicle maker Caterpillar will spend R1.3bn over the next 10 years on South African enterprise and supplier development...

By Mark Allix 6 Oct 2017

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International

Can a tech company build a city? Ask Google

Sidewalk Labs, the urban innovation startup owned by Google's parent company Alphabet, has announced a partnership with the City of Toronto to develop a new waterfront precinct. Time to ask Google: can you build a city?

By Sarah Barns 2 days ago

Jordan plans new city to ease crowding and congestion

Jordan has announced plans to build a new city east of the capital Amman in order to ease rising population density and traffic congestion.

7 Nov 2017

Saudi 'giga projects': tall ambitions, high risks

From a holographic lion to talking robots and flying taxis, Saudi Arabia has dazzled investors with plans for hi-tech "giga projects" - but sceptics question their viability in an era of cheap oil.

30 Oct 2017

Italy's high-rise forests take root around the world

As balconies bristle with tree branches and sunshine dapples the leaves of thousands of plants, two apartment buildings in the heart of Milan have almost disappeared under lush forest.

9 Oct 2017

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