Warehouse profits reach R243,3m

[Zeenat Moorad] Holdsport‚ which owns the Sportsmans Warehouse and Outdoor Warehouse on Wednesday (15 May) said the current retail environment was challenging and the group did not envisage any improvement in its performance during the remainder of the year. 16 May 2013 07:54

Retail sales rise marginally

[Ntsakisi Maswanganyi] The expected slowdown in retail sales in March was confirmed when Statistics SA (Stats SA) released its official figures on Wednesday (15 May). 16 May 2013 07:30

SOEs exploring set-asides for small firms, black industrialists

Minister of Public Enterprises Malusi Gigaba is considering putting in place set-asides from the growing procurement spend of state-owned enterprises for small businesses and black industrialists to help transform the economy. 16 May 2013 06:57

Gupta wedding probe concluded

[Amukelani Chauke] The investigation into the landing of a plane carrying Gupta wedding guests at the Waterkloof Air Force Base has been concluded. 15 May 2013 12:49

Public Enterprises wins Treasury battle

[Nicky Smith] A six-month battle between the Treasury and the Department of Public Enterprises over the empowerment and local content weighting in Transnet's R35bn acquisition of new locomotives has ended with the Treasury agreeing to let the tender go unchanged. 15 May 2013 09:07

Wild Coast toll fees to be scrapped

The SA National Roads Agency Limited (Sanral) has scrapped plans to construct a toll road on the N2 Wild Coast Highway, it said on Tuesday (14 May). 15 May 2013 08:58

IMPERIAL Logistics

Imperial strengthens footprint in Africa

[Issued by IMPERIAL Logistics] Imperial Holdings Limited has acquired 49% of MDS, a leading logistics provider in Nigeria, for a cash consideration of US$26 million. All conditions precedent have been fulfilled and the transaction is therefore unconditional. The transaction gives the Imperial group entry into the logistics sector of the fast growing Nigerian FMCG, telecommunications and pharmaceutical industries. 14 May 2013 11:14

Bulk exports marginally higher in April

[Helmo Preuss] SA's bulk export volumes rose by 0.5% year-on-year (y/y) in April to 13.1m tons (Mt)‚ according to data from the Transnet National Ports Authority (TNPA) released on Monday (13 May). 14 May 2013 09:59

Transnet's new cranes start working

Seven ship-to-shore cranes worth R700m were unveiled by Public Enterprises Minister Malusi Gigaba at Transnet's Durban container terminal on Monday (13 May). 14 May 2013 07:51

Transnet closes Richards Bay line

Railway operator Transnet Freight Rail (TFR) announced on Monday (13 May) that the coal export line to Richards Bay will be closed down for 12 days from 14 to 25 May for routine maintenance work. 14 May 2013 07:28

Gupta debate: Zuma not to blame says ANC

The ANC chief whip accused the Democratic Alliance on Sunday (12 May) of wanting to make President Jacob Zuma the main focus of an upcoming parliamentary debate about the Gupta family's use of the Waterkloof Air Force base. 13 May 2013 14:42

CCTV camera to monitor Buttskop railway crossing

PRETORIA: Western Cape Metrorail says the second phase of the (closed-circuit television CCTV) level crossing camera enforcement system will be extended to the Buttskop railway crossing in Cape Town, where a horrific crash happened three years ago. 13 May 2013 11:13

Gautrain on the right track

[Nthambeleni Gabara] JOHANNESBURG: Gauteng Transport MEC Ismail Vadi says the Gautrain is experiencing continuous growth, with the average weekday passenger trips on the train having increased from 26,000 at the beginning of April 2012 to 42,000 at the end of March 2013. 13 May 2013 11:10