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AfricaMoney | November 6, 2016

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South Africa

Wind turbines for Cookhouse project arrive in South Africa

April 12, 2013 | 1

Wind turbines for the construction of Cookhouse wind farm in South Africa's Eastern Cape province have reached the Port of Ngqura, outside Port Elizabeth in South Africa. The first batch of the 16.44 metre-long wind turbine blades reached the port this week. The 138....
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P&G to invest US$170 million in South Africa

April 7, 2013 |

Procter & Gamble (P&G) has revealed plans to invest about US$170mn to build a multi-category manufacturing plant in South Africa. The plant, which is expected to create more than 500 jobs, will manufacture products like detergents and hygiene goods for local a...
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Standard Bank and the ICBC to fund renewable energy projects

April 3, 2013 |

Standard Bank and the Industrial and Commercial Bank of China (ICBC) have signed a R20 billion ($2 billion) agreement to fund renewable energy projects in South Africa, it was announced on Tuesday. Standard Bank is Africa’s biggest bank by assets and ICBC is a major...
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Joint statistical publication released at Brics summit

March 28, 2013 |

Minister of International Relations and Cooperation Maite Nkoana-Mashabane at a Morning Live, New Age Breakfast show. With her is Brazilian Sherpa Amb Maria Edileuza Fontenelle Reis (far left), Russian Sherpa Amb Vadim Lukov (second to left), centre Minister Maite Nko...
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SA leads in investor confidence

March 27, 2013 |

KwaZulu-Natal Premier, Dr Zweli Mkhize, is confident that South Africa continues to be among the preferred countries for investment. He said professional services firm, Ernst & Young, had surveyed 500 leading investors from three countries to see how South Africa ...
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Partnerships in manufacturing vital for Brics success – Davies

March 27, 2013 |

The success of the Brics partnership will be measured not only in the amount that trade will increase by, but also in the partnerships that members will be able to develop in supporting productive capacity, said the Minister of Trade and Industry, Rob Davies. Speaking...
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SADC success enables vital new support from the European Union

March 24, 2013 |

The European Union (EU) and the Southern Africa Development Community (SADC) signed an important new funding agreement recently. The Contribution Agreement will start on 1 April 2013 and consists of 20 million Euros of EU funding to SADC for the Regional Economic Inte...
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SA should push to diversify energy mix – Motlanthe

March 19, 2013 |

Photo of Deputy President of South Africa Kgalema Motlanthe

Deputy President Kgalema Motlanthe has told a nuclear meeting underway in Johannesburg that concerns over increases in the price of coal and global warming compel South Af...
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OECD advises South Africa to set up economic reforms to achieve full potential

March 5, 2013 |

March 5, 2013 – South Africa must step up efforts to foster strong, inclusive economic growth that creates jobs, according to the OECD’s latest Economic Survey of South Africa. Priorities include a growth-enhancing macroeconomic policy-mix, and better implementati...
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Sibanye Gold reports 16% surge in Net Earnings

March 3, 2013 |

South Africa’s Sibanye Gold’s net earnings for the year ended December had surged 16 percent to $364 million despite material production disruptions in the second half of the year, the JSE-listed gold miner said on late this week. It said as a result of material p...
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State to spend R827bn on infrastructure

February 28, 2013 |

28 February 2013- Financing of R827 billion on infrastructure projects over the next three years, to be drawn from the fiscus and state-owned enterprises, is in place, the Minister of Finance Pravin Gordhan said yesterday. Read More

India’s Cipla plans $512 million takeover of South Africa’s Cipla Medpro

February 28, 2013 |

Photo of Cipla Chairman, Dr. Yusuf Hamied

February 28, 2013- Cipla Limited (“Cipla”) announced an offer to the ...
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Datsun to sell vehicles in South Africa

February 25, 2013 |

February 25, 2013 - Datsun, a Nissan Motor Co. brand designing vehicles for high-growth markets, today announced that it is set to return to South Africa. The first model to be introduced in South Africa will be a new passenger vehicle that will be launc...
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‘No stopping’ SA infrastructure drive

February 22, 2013 |

22 February 2013- South Africa's infrastructure programme is driving a wave of industrialisation across the country, says Economic Development Minister Ebrahim Patel.

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South Africa and the Bank of Tokyo to cooperate on Industrial and Economic Development

February 22, 2013 |

22 February, 2013 - The Department of Trade and Industry (the dti) and the Bank of Tokyo–Mitsubishi UFJ Ltd signed a Memorandum of Understanding (MoU) on promoting industrial and economic development between South Africa and Japan in Pr...
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Independent news & media to sell South Africa unit for $219m

February 18, 2013 |

February 18, 2013 - South Africa’s largest English-language newspaper group, Independent News & Media (INM), has agreed to sell its South African unit for R2billion ($219.6 million) to a consortium of investors led by Iqbal Survé, a renowned SA philanthropist a...
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South Africa is best place for business in Africa – Grant Thornton

February 15, 2013 |

February 15, 2013: Despite socio-political challenges and the serial upheavals in South Africa’s mining and agricultural industries, Africa’s largest economy remains the best place to do business in Africa in terms of business destination, a research compiled by b...
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Konecranes to deliver equipment to Angolan oil and gas firm

February 3, 2013 |

Konecranes Southern Africa has secured a contract worth more than US$1mn for the delivery of a variety of cranes, ranging from 10 to 100 tonnes in size, from Sonils Oil & Gas in Angola.  Konecrane...
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Sandvik to supply equipment for South African platinum project

January 27, 2013 |

South African firm Sandvik Mining has been offered a contract by Royal Bafokeng Platinum to supply underground production trackless equipment for the Styldrift platinum project. Read More

SA retailers Edgars, Foschini to open store in Nairobi – Actis

January 27, 2013 |

Africa-focused private equity firm Actis has said that South African luxury fashion houses EdgarsRead More

SA Tourism Minister tours China as Chinese tourists increases

January 26, 2013 |

South Africa’s Tourism Minister is undertaking a tour of China to celebrate expanding tourism links between the two countries, fuelled by closer trade relations. Marthinus van Schalkwyk, Tourism Min...
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South Africa’s fishing firms upbeat on sales prospects

January 25, 2013 |

January 25, 2013 - Oceana Group and Sea Harvest, fishing firms based in South Afri...
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AfDB recommends fiscal convergence in COMESA region

January 19, 2013 |

Photo of Donald Kaberuka, President of the African Development Bank

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German government helps COMESA and AUC to scale up trade related infrastructures

January 19, 2013 |

The COMMON MARKET FOR EASTERN AND SOUTHERN AFRICA (COMESA) and the AFRICAN UNION COMMISSION (AUC) have signed on the 17th January, 2013, an implementation agreement to scale up trade...
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Afcon 2013 to boost South African economy

January 14, 2013 |

Afcon LOC CEO, Mvuzo Mbebe

January 14, 2013- South Africa is set to benefit immensely from hosting the Read More

ExxonMobil to Explore Offshore South Africa

December 18, 2012 |
  • ExxonMobil affiliate to acquire 75 percent interest in Tugela South Exploration Right
  • Agreement with Impact Africa Limited includes future exploration rights
  • Independently awarded technical cooperation permit for Deepwater Durban Basin
December 18, 2012 ...
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South Africa bids to become call center capital

December 12, 2012 | South Africa has the ambition to become the call centre capital of the world. Companies like Amazon and Aiegis are among the big brands have now call centres operating from South Africa. Coracall, a British company has recently opened a call centre in South Africa, preferring it over Indian and the ...
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First Ericsson LTE network built in Africa

December 12, 2012 |
  • Users to have access to high-performance broadband services
  • Services including design, installation, integration commissioning, tuning  and optimization
  • Network transformation and RBS 6000 family at heart of deliveries
Ericsson (NASDAQ: ERIC) announced ...
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