[Linda Ensor] According to the Cape Chamber of Commerce and Industry, South Africa should look to the use of gas produced by the extensive gas fields in Angola and Mozambique rather than to nuclear energy to meet its electricity supply needs. Read more >>
The Bureau for Economic Research (BER) manufacturing business confidence index fell to 25 points in the second quarter of 2014 from 41 in the first quarter‚ with manufacturers at their most pessimistic since the fourth quarter of 2009. Read more >>
The prospect of a tax on mining super-profits and other measures that would see more state intervention in the mining sector remain squarely on the agenda of the African National Congress (ANC) and South African Communist Party (SACP) in light of the protracted platinum strike. Read more >>
Invicta Holdings, a distributor of capital equipment‚ spare parts and engineering consumables‚ will need to raise equity to partly fund any large acquisitions it undertakes as it sets out to earn 50% of its revenue outside South Africa. Read more >>
Industrial group Invicta has delivered a 15% rise in normalised headline earnings per share to R7.65 in the year to March‚ boosted by acquisitions made over the last year. Read more >>
Barloworld Power has been awarded a contract by Bosch Projects to supply equipment for a 4MW biogas-to-power project to be developed in Bronkhorspruit, 78km north-east of Boksburg. The clean electricity produced by the project will be used by a large automobile manufacturer for its plant in Rosslyn, Pretoria. Read more >>
De Beers is using a 286-ton machine to suck up diamonds from the seabed off the Namibian coastline. Over the past decade the company has advanced the technology that has saved its marine mining business, but which has come too late for its South African sea venture. Read more >>
