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SOUTH AFRICA

AECI plans to reduce its reliance on a weak SA

JSE-listed AECI plans to start producing explosives in Australia by year-end‚ as the chemicals and explosives firm looks to reduce its reliance on South Africa's weak mining and manufacturing sectors.

By Nick Hedley 30 Jul 2014

AUSTRALIA

Sex-line granny berates Australian PM over budget

SYDNEY, AUSTRALIA: Australian Prime Minister Tony Abbott was involved in heated exchanges with radio callers over his tough budget, including a pensioner who works on a sex-phone line to pay the bills.

21 May 2014

AUSTRALIA

General Motors to close Australian plants by 2017

SYDNEY, AUSTRALIA: Car company General Motors said it will close its Holden plants in Australia by 2017, prompting Toyota to review its operations and unions to warn that the local car industry was 'finished'.

12 Dec 2013

SOUTH AFRICA

Shabangu backs PIC on mining executives' pay

Mineral Resources Minister Susan Shabangu has come out in full support of the recent actions by the Public Investment Corporation (PIC) in voting against pay increases awarded to the chief executives of various mining companies at annual general meetings held recently.

By Brendan Ryan 29 Aug 2013

SOUTH AFRICA

Aspen, Nestlé deal needs further study - tribunal

The Competition Tribunal has requested further analysis of the transaction between SA's biggest pharmaceutical manufacturer, Aspen, and Swiss food giant Nestlé, following some concerns that the transaction does not address the competition authority's reservations about the initial deal between Nestlé and Pfizer Nutrition.

By Amanda Visser 28 Aug 2013

AUSTRALIA

Billabong posts mammoth AU$859.5m loss

SYDNEY, AUSTRALIA: Embattled Australian surfwear brand Billabong reported a huge Aus$859.5m (US$771.7m) net annual loss on Tuesday, 27 August, triple the firm's market value and far worse than analysts forecasts.

28 Aug 2013

AUSTRALIA

Rolls Royce comes short in Australia

SYDNEY, AUSTRALIA: Rolls Royce on Thursday (27 June) admitted its safety and quality standards "fell short" after Australia's transport safety watchdog found cracks in an oil feed pipe caused an engine to explode on a Qantas A380 in 2010.

28 Jun 2013

AUSTRALIA

VW gearbox fault prompts car recall

SYDNEY, AUSTRALIA: German car manufacturer, Volkswagen (VW) on Wednesday (12 June) recalled nearly 26,000 vehicles in Australia due to a gearbox problem that could cause cars to lose power on the road.

13 Jun 2013

SOUTH AFRICA

Transnet on the hunt for foreign contracts

Transnet Engineering (TE), a unit of the state-owned freight and logistics company, is exploring new narrow-gauge markets in Latin America, South-east Asia and Australia in a bid to meet its growth targets, according to strategy and marketing general manager Thoba Majoka.

By Nicky Smith 6 May 2013

SOUTH AFRICA

Hidden Valley is a problem for Newcrest

The Hidden Valley mine in Papua New Guinea is a "problem child" and three key areas have come under focus to bring costs down‚ said Greg Robinson‚ chief executive of Australia's Newcrest Mining‚ which shares the project with Harmony Gold.

By Allan Seccombe 24 Apr 2013

AUSTRALIA

Samsung S4 goes to the opera

SYDNEY, AUSTRALIA: The sails of one of the world's most iconic buildings, the Sydney Opera House, were lit up with images shot by ordinary Australians on Tuesday (23 April) for the glitzy "blue-carpet" launch of Samsung's new phone.

24 Apr 2013

AUSTRALIA

Stormy weather hasn't hurt Billiton's forecasts

SYDNEY, AUSTRALIA: Mining giant BHP Billiton affirmed full-year forecast for its major products on Wednesday (17 April), reporting a "robust" quarter of output, despite weather issues, at its premier Australian businesses.

18 Apr 2013

AUSTRALIA

Clough 'forges' deal with Macquarie Capital

Engineering and project services contractor, Clough is to sell its 30,9m shares in Forge Group to Macquarie Capital for AU$187m in terms of a block trade agreement. South African construction group Murray & Roberts owns 62% of Clough.

26 Mar 2013

AUSTRALIA

BlackBerry tries to grate an Apple

SYDNEY, AUSTRALIA: The head of BlackBerry has taken a swipe at Apple, saying in an interview the iPhone's operating system was outdated, while promising thousands of new apps as it prepares to launch its new Z10 handset.

20 Mar 2013

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