Lesotho Highlands scheme gets the nod

[Linda Ensor] The R12bn phase two of the Lesotho Highlands Water Project (LHWP), which will secure a continued supply of water for SA and hydroelectric power for Lesotho, was approved in principle by the two countries this week. 17 May 2013 12:29

Fines, payments choke Stefanutti Stocks

[Alistair Anderson] Construction company Stefanutti Stocks said on Tuesday (14 May) that late payments by debtors and provision for a hefty fine for anti-competitive behaviour were to blame for the company reporting a record R162m loss for the year to February. 15 May 2013 09:40

Hilton plans to boost African presence

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten. 16 May 2013 08:38

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

Sanral's notice "not legal" court hears

[Emsie Ferreira] Sanral's public notice on the winelands tolling project was unlawful because the national roads agency never took a proper board decision committing to the project, the Western Cape High Court heard last week. 20 May 2013 08:13

Bricks and mortar for PIC's boss

The Public Invesment Corporation's (PIC) R62bn real estate portfolio, may be one of the most commanding jobs in the SA property sector. 17 May 2013 09:41

Netcare moans about competition probe

[Tamar Kahn] Private hospital group Netcare's chief executive Richard Friedland says he is disappointed that the Competition Commission's planned enquiry into the private healthcare sector will exclude the pharmaceutical sector. 21 May 2013 10:44

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

Pick n Pay's performance still poor

A year ago Pick n Pay chairman Gareth Ackerman spoke of the "green shoots [of recovery] getting stronger". His enthusiasm was more than a little premature. 6 May 2013 07:13

Poor won't be hurt by tolls says Sanral

A proposed toll system in the winelands in the Western Cape will not impact on the poor people of South Africa, the SA National Road Agency Limited (Sanral) said on Sunday (19 May). 20 May 2013 08:00

Cape Town wants toll road report

The City of Cape Town wants access to the complete feasibility report for the South African Road Agency Limited's (Sanral) proposed winelands tolling project, the Western Cape High Court heard on Thursday (16 May). 17 May 2013 09:17

Coface report highlights strain on SA's growth

The Coface Group, a worldwide leader in credit insurance, has released its latest report on South African growth prospects, taking into account the mining and export slumps. Overall, economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand. Coface believes that this will persuade the Monetary Policy Committee to keep policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. A reversal in policy easing is likely only late in the year or even in 2014. 15 May 2013 14:50

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