The second leg of the Nestlé SA and Pfizer Nutrition transaction - the divestiture of the infant milk formula business of Pfizer Nutrition in SA to Aspen Nutritionals - is set to be heard before the Competition Tribunal from today, 9 December 2013.
By Amanda Visser 9 Dec 2013 12:15
This year has seen the closure of two prominent South African designer labels. Three months ago Tiaan Nagel announced he would be closing down his design studio and store. Now TWO, the luxury basics label, also announced its departure.
By Sandiso Ngubane 6 Dec 2013 14:55
A great man has passed away and we all mourn the loss of Madiba, but while we mourn, let us also celebrate the life and the achievements of one of history's greatest statesmen, and certainly South Africa's and Africa's greatest. (video)
6 Dec 2013 05:06
Evraz Highveld Steel and Vanadium (EHS) has narrowed its headline loss to R222m for the nine month period to September. The company lost R721m in the same period last year.
5 Dec 2013 10:30
Amid ongoing challenges in SA power delivery, key players in the sector say that the time has come for reviews of the infrastructure management and revenue models. This emerged at a round table brainstorming session held in Sandton recently, at which stakeholders debated the challenges and opportunities in the power generation and distribution sectors, prior to the Power-Gen Africa and DistribuTECH Africa 2014 conferences and exhibition, to be staged in Cape Town in March 2014.
4 Dec 2013 09:15
Activity in the manufacturing sector continued to improve, as suggested by the 1.7-point increase in the seasonally adjusted Kagiso purchasing managers index (PMI) in November‚ to 52.4.
4 Dec 2013 06:12
Domestic new vehicle sales fell by 4.6% to 50‚806 units year-on-year in November‚ a decline of 2‚459 vehicles from the 53‚265 units sold in November last year‚ the National Association of Automobile Manufacturers of South Africa (Naamsa) said in a statement on Monday (2 December).
3 Dec 2013 10:02
Brikor‚ which is in provisional liquidation and whose Alt-X shares are suspended‚ on Monday (2 December) said its interim results reflect its profitable turnaround.
By Nick Hedley 3 Dec 2013 08:28
When Telkom chairman Jabu Mabuza criticised President Jacob Zuma at the World Economic Forum in Davos‚ Switzerland a year ago‚ a turning point was reached on the National Development Plan (NDP).
3 Dec 2013 08:04
The manufacturing business confidence was slightly lower in the fourth quarter of this year‚ nudging down one index point to 36‚ the Bureau for Economic Research says.
29 Nov 2013 07:01
More than 70% of the 24 trucks tested in Pietermaritzburg on Friday, 22 November 2013 were deemed unroadworthy and were suspended. What does that say about the safety of heavy vehicles on South African roads?
28 Nov 2013 13:27
The South African wool market came under pressure at this week's national sale says Cape Wools.
28 Nov 2013 10:05
Omnia Holdings reported that its diluted headline earnings per share rose from 527c for the six months to September last year to 592.8c for the same period this year.
28 Nov 2013 06:53
Shares in Kumba Iron Ore have tumbled more than 35% this year‚ since peaking at a record high on 4 February.
27 Nov 2013 10:45
Toyota South Africa Motors last week celebrated as the one millionth locally produced Corolla rolled of the production line at the company's Prospecton Plant in Durban, KwaZulu-Natal.
By Henrie Geyser: motoring editor 27 Nov 2013 08:26
Finance Minister Pravin Gordhan thanked more than six million people for filing their tax returns on time.
26 Nov 2013 11:22
National Union of Metalworkers of SA (Numsa) president Cedric Gina resigned on Monday (25 November)
26 Nov 2013 10:52
Proposed tax breaks for companies operating in special economic zones (SEZs) have become attractive enough to draw interest from investors. But a lack of industry diversification in zones could limit investment.
26 Nov 2013 07:10
Many African countries are farming countries, where agriculture is both a major component of gross domestic product growth as well as local employment and food supply.
By Shaun Harris 26 Nov 2013 07:03
SA's main steel manufacturer, ArcelorMittal SA, saved R127m last year by spending R21m on energy-saving initiatives in 2011 and last year at its Saldanha Bay plant. The plant makes ultra-thin hot-rolled steel coil, which requires significant energy, engineering and technology inputs.
By Mark Allix 26 Nov 2013 06:04
Pioneer Food Group reported a 12% rise in its adjusted headline earnings per share to 456c in the year to September‚ compared with figures for last year.
25 Nov 2013 11:47
A deluge of disappointing economic data means that SA's gross domestic product (GDP) growth will now almost certainly come in below the psychological benchmark of 2% for the year.
25 Nov 2013 11:24
Rare Holdings has signed a deal worth R30.9 million, which will enable the company significantly to strengthen its position as a major manufacturer, distributor and service provider of piping and related products covering the entire fluid conveyance cycle locally and in sub-Saharan Africa.
22 Nov 2013 10:47
South African Breweries (SAB)‚ the local subsidiary of global brewing giant SABMiller‚ has reported strong results for six months to September.
22 Nov 2013 09:37
Brewing company SABMiller plc (SAB) reported a 4% rise in group net producer revenue on an organic‚ constant currency basis for the six months to September‚ driven by an increase in total beverage volumes and higher revenues per hectolitre.
By Nick Hedley 22 Nov 2013 08:07
Directors at specialist packaging group Bowler Metcalf (Bowcalf) were urged to pursue share buy-backs and consider value unlocking options at the company's lively annual general meeting held on Wednesday (20 November).
By Marc Hasenfuss 21 Nov 2013 08:05
A recent study shows that South Africa's small number of fat cats consume more goods than everyone else in the country put together.
By Mpho Sibanyoni 20 Nov 2013 16:20
The South African Chamber of Commerce and Industry (Sacci) is in favour of reducing carbon emissions even through taxation, but warns this has to be done in a sustainable way that will not harm the economy and cause unnecessary job losses.
By Amanda Visser 18 Nov 2013 09:03
The government's programme to enhance the competitiveness of manufacturing had approved 436 entities with the investment value of R13bn and helped to sustain 116‚497 jobs since its inception in May last year‚ said Trade and Industry Minister Rob Davies.
18 Nov 2013 06:51
Litha Healthcare says it is still awaiting regulatory approval for its vaccine manufacturing facility‚ and is unlikely to start making its own hepatitis B vaccines before the end of next year.
By Tamar Kahn 16 Nov 2013 08:00
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