Packaged goods company Tiger Brands on Wednesday confirmed receipt of a summons in respect of a class action lawsuit seeking damages for the 2018 listeriosis outbreak. The Johannesburg High Court granted a certification order in December 2018, authorising the issue of a summons in a class action to be instituted against Tiger Brands.

Global steel demand is expected to increase by 1.3% year-on-year to 1.74-billion tonnes this year, the World Steel Association’s (worldsteel’s) ‘April 2019 Short Range Outlook’ shows. Demand is projected to grow by a further 1% in 2020 to 1.75-billion tonnes, the association added.

JSE-listed information and communication technology (ICT) service provider EOH’s share price rose by 55.76% on Tuesday as the company reported its financial results for the six months ended January 31. The company reported a loss for the six months of R3.3-billion mainly owing to one-off costs and impairments, while revenue stayed steady at R8.19-billion.

Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at the same risk and reward level. The proposed transactions will introduce a high-profile South African black economic empowerment (BEE) investor group to Orion’s share registry in an $8-million capital raising and a restructuring [...]

After more than three decades of work and almost $1-billion of investment, GlaxoSmithKline and its partners are ready to deploy a vaccine for malaria, the mosquito-borne disease that kills almost half a million people each year. The vaccine, developed with the nonprofit organisation PATH, comes at a critical time and marks a milestone in the [...]

The new pedestrian bridge over the N1 at Erasmusrand will soon be ready for use by pedestrians and cyclists near Hoërskool Waterkloof, in Pretoria, says the South African National Roads Agency Limited (Sanral). The bridge, which was built in under 20 hours over this past weekend, only needs to have the in situ concrete deck [...]

RBR Group expects to benefit from Chevron Corporation’s plans to proceed with the proposed Area 1 liquefied natural gas (LNG) project, in Mozambique. It was announced last week that Chevron would acquire Anadarko Petroleum Corporation, which is the operator of the Area 1 LNG project, for $33-billion in cash and shares.

Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery. He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is “dirty”. [...]

Aim-listed Bushveld Minerals’ subsidiary Lemur Holdings has put out an invitation for expressions of interest for the engineering, procurement, construction, testing and commissioning (EPCTC) of some parts of the company’s Imaloto power project, in Madagascar. The company urged interested contractors to provide information demonstrating their relevant experience to undertake the EPCTC of 138 kV, single-circuit [...]

State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers (OEMs) supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in 2015. General Electric was awarded a contract to supply 233 of the 365 [...]

Chevron Corp will acquire Anadarko Petroleum Corp for $65 a share, the company said in a statement. Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share. Chevron will issue 200-million shares and pay $8-billion in cash. The company will also assume about $15-billion of net debt.

Kenya Airports Authority (KAA) expects its land holdings to be worth more than one-trillion shillings ($9.9-billion) after a revaluation is concluded in a month, CEO Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing because we’ll have so much value,” Andersen said [...]