JSE-listed technology company Allied Electronics on Thursday posted double-digit increases across the board for the year ended February 28, 2019. The technology company achieved a 30% increase in normalised revenue to R19.2-billion and a 24% increase in normalised earnings before interest, tax, depreciation and amortisation to R1.6-billion from its continuing operations.

The South African Radio Astronomy Observatory (Sarao) announced on Thursday that the international consortium of computing specialists, which included South Africans, which had been developing the Science Data Processor (SDP) for the Square Kilometre Array (SKA) radio telescope project, had completed its engineering design work on the system. The consortium, led by the UK’s University [...]

Telecommunications giant MTN Group has met its medium-term revenue growth guidance, posting a 10% year-on-year increase to R33.2-billion, supported by a continued rise in voice, data and financial technology (fintech) revenue, during the three months to March 31, 2019. This was led by strong first-quarter operational performance in South Africa, Nigeria and Ghana.

Iconic South African gold-mining company AngloGold Ashanti said on Thursday that it was embarking on a process to review divestment options for its remaining South African assets. The company, headed by CEO Kelvin Dushnisky, said the process would consider all ownership options, with a view to maximising the value and future prospects of the underground [...]

Nigeria's securities regulator has approved South African telecoms firm MTN's listing application for its $5-billion Nigerian unit. MTN Nigeria registered more than 20-billion shares before the planned listing in the West African country, MTN's biggest market with 58-million users in 2018 and accounting for a third of the group's annual core profit.

Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally the transaction is a combination of two complementary organisations that creates a [...]

The legal battle between telecommunications giant MTN and Nigerian Attorney General of the Federation (AGF) will be heard on June 26. This followed the Federal High Court’s rejection this week of the Notice of Preliminary Objection filed by the AGF in response to MTN Nigeria’s lawsuit.

African fuel retailer Vivo Energy had a “strong start” to this year, with volumes for the first quarter having increased by 7% year-on-year to 2.4-billion litres. CEO Christian Chammas said in a statement on Tuesday that volume growth had resulted from good underlying growth in Vivo’s existing fifteen Shell-branded markets and one month of contribution [...]

Agricultural organisation Agri SA has launched court proceedings in the Pretoria High Court against the granting of environmental authorisations and explorations rights for shale gas to Africa-focused oil and gas exploration and development company Rhino Oil and Gas. Although the authorized exploration activities by Rhino Oil and Gas will not entail actual drilling, the current [...]

Sand mining is eroding the world's river deltas and coastlines, damaging the environment and hurting livelihoods from Cambodia to Colombia, as government regulation fails to keep pace with rising demand, the United Nations warned on Tuesday. Global demand for sand and gravel, used extensively in construction, is about 50-billion tonnes or an average of 18 [...]

Anheuser-Busch InBev is weighing an initial public offering of its Asian unit as the world’s largest brewer jockeys for position in a massive consumer market where rivals are piling in via local alliances. The brewer on Tuesday confirmed that it might sell a minority stake in its Asia-Pacific operations -- a deal that could value [...]

Anadarko Petroleum’s board has declared Occidental Petroleum’s sweetened $38-billion takeover “superior,” giving Chevron four days to either boost its offer or walk away from the oil industry’s biggest deal in at least four years. The announcement by Anadarko, which had rebuffed several prior bids from Occidental, comes almost a month after it agreed to be [...]