Electricite de France has completed the biggest single pour of concrete in Britain at the site of a new nuclear power plant in Somerset. The utility poured 9 000 cubic meters of the material at Hinkley Point, exceeding the amount of concrete that went into the Shard skyscraper in London. It was reinforced by 5 [...]

The Organisation Undoing Tax Abuse (Outa) on Friday reported that the Central Energy Fund (CEF) and multinational commodity trader Glencore had agreed not to proceed with their case, which had been scheduled to be heard in the Cape High Court on Friday. The CEF had filed an affidavit earlier this week, which halted the process [...]

South Africa recorded a R1.74-billion trade surplus in May after a revised R3.53-billion deficit in April, data from the revenue service showed on Friday. Exports rose 8.1% on a month-on-month basis to R112.1-billion rand in May, while imports climbed 3% to R110.3-billion, the South African Revenue Service said.

The Organisation Undoing Tax Abuse (Outa) on Friday welcomed the halting of a court proceedings regarding the illegal sale of South Africa's fuel reserves more than three years ago. The matter was set to be heard in the high court in Cape Town on Friday.

The United Arab Emirates (UAE) has confirmed its commitment to injecting billions of dollars in the South African economy and solidify its place as the country's largest trading partner in the Arab world. This as the two countries held their annual SA-UAE Business Forum, this year in Johannesburg, in order to provide UAE-based companies with [...]

At least five tenders for the upgrade of the N3 and N2 highways in KwaZulu-Natal will go out before the end of South African National Road Agency Limited's (Sanral’s) current financial year, Sanral Eastern Region design, planning and construction manager Ravi Ronny told a business briefing roadshow at Durban’s King’s Park Stadium on Thursday. Due [...]

Gold mining is expected to resume at the old Blyvooruitzicht Gold Mine in the next two to three months, Blyvoor Gold executive chairperson Peter Skeat has told Mining Weekly Online. “We’ve worked very hard and we’re at the point where mining is going to start again. We’ve got cash, we’ve got a balance sheet, we’ve [...]

Ratings agency Standard & Poors’ Global Ratings (S&P’s) has downgraded telecoms operator Cell C’s debt rating to ‘CC’ and its partial debt restructuring to ‘SD’. This followed after Cell C amended the terms of its R1.4-billion private airtime facility agreement to delay the timing of selected repayments.

Bridgestone South Africa has appointed Jacques Fourie CEO, effective July 1. He succeeds Gavin Young, who stepped down on June 7.

Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean's largest ports Algeciras and Valencia in terms of container capacity, and drive more investment and manufacturing to the country. Tanger Med, the biggest port in Africa with an annual volume of 3.5-million 20-foot equivalent units (TEU) in 2018, [...]

South Africa's foreign direct investment swung to inflows in the first quarter from outflows in the final quarter of last year as domestic private firms received equity and debt funding from foreign parent companies, the central bank said on Thursday. Foreign direct investment inflows totalled R11.7-billion in the first three months of 2019 from outflows [...]

South African Reserve Bank (SARB) deputy governor Daniel Mminele will retire when his second five-year term expires on June 30. Mminele has advised President Cyril Ramaphosa and SARB board of his decision not to serve another term.