Prominent South African black businessmen Sandile Zungu and Sipho Pityana on Wednesday decided to smoke the peace pipe and bury the hatchet following two face-to-face meetings after widely publicised differences between them. Zungu and Pityana are the presidents of the Black Business Council and Business Unity South Africa, respectively.

Vodacom Tanzania said on Wednesday that its managing director and several employees have been questioned by the police over alleged fraudulent use of network facilities, but no charges have been brought. "No formal charges have been (brought) against these employees, but we have been advised that they may appear in court, today," Vodacom Tanzania said [...]

Platinum group metals mining company Northam is preparing to deploy innovative tunnel boring technology at its Eland mine as part of a R93-million shared risk-and-reward contract with Master Drilling. Eland, on the southeastern limit of the western limb of the Bushveld Complex, has a 19.3-million ounce rhodium-rich resource and developed surface infrastructure.

Water and Sanitation Minister Gugile Nkwinti on Tuesday announced a revamp of the procurement and project management processes for infrastructure projects within the Department of Water and Sanitation (DWS), in an effort to tackle corruption within the department. During a media briefing, in Pretoria, the Minister noted that an internal assessment of the DWS had [...]

JSE-listed Hyprop on Tuesday announced that it had, in the three months since December 31, 2018, successfully refinanced R4-billion of external debt. On March 15, Hyprop announced the issue of two new unsecured five-year notes, HILB11 and HILB12, in terms of Hyprop’s Domestic Medium Term Note Programme. The note issues raised R500-million.

Railway engineering company TMH Africa on Tuesday unveiled its 45 000 m2 rolling stock manufacturing facility, in Boksburg, Gauteng.

Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in US shale and Guyana, industry and banking sources told Reuters. The potential disposals are expected to include stakes in onshore and offshore fields and could raise up to $3-billion, [...]

A scientist from the South African Nuclear Energy Corporation (Necsa), Dr Jan Rijn Zeevaart, has won two prestigious awards, one local and the other international. These are the Department of Science and Technology’s Top Intellectual Property Creator Award and the European Association of Nuclear Medicine’s (EANM’s) Marie Curie Award for best oral presentation (at its [...]

The Foundation Human Rights for Eritreans (FHRE) has warned the European Union (EU) that it will take the organisation to court for allegedly violating its own Charter of Fundamental Rights. The matter relates to what the FHRE says is the EU’s funding of a road-building project which allegedly uses "forced labour”. The project is part [...]

The Council for Scientific and Industrial Research (CSIR) and the Water Research Commission have determined that up to 50% of the yearly inflows into the Western Cape’s Berg river dam catchment and Limpopo’s De Hoop dam catchment could be used up by alien plants, if uncleared, over the next 45 years – the average lifespan [...]

The South African Revenue Service (Sars) announced on Monday afternoon that it had collected R1 287.6-billion in tax for the financial year ended March 31 2019, some R14.6-billion less than what was estimated in the Budget.  The tax agency's acting head Mark Kingon made the announcement in Pretoria. The 2019 Budget estimated a tax haul [...]

Tax revenues fell R15-billion short of the government’s target in the 2018/19 fiscal year, with revenue estimated at R1.29-trillion, the revenue service said on Monday. South Africa has seen revenue collections fall consistently since 2015 due to weak economic growth and administrative weakness, the latter leading President Cyril Ramaphosa to fire Tom Moyane as revenue [...]