The Progressive Professionals Forum (PPF) has called for South Africa's Special Investigating Unit to probe troubled global retailer Steinhoff International in light of new revelations of corruption.  An investigative report by audit firm PricewaterhouseCoopers (PwC) found that a small group of former Steinhoff executives inflated the profit and asset values of the company for years by over R100-billion.

The world has just over one decade to resolve the ever-diminishing supply of water or face a 40% shortfall and demand management is the fastest, cheapest strategy to get started on resolving the challenge. One year after the release of a World Bank study that showed that maintaining a business-as-usual approach to managing water will [...]

The Aveng Strabag Joint Venture (ASJV) reported on Friday that it would appeal the dismissal of an urgent application, lodged by the ASJV in February, seeking to prevent the South African National Roads Agency Limited (Sanral) from making a call on the bonds relating to the Mtentu bridge contract, terminated due to force majeure. The [...]

South African Breweries (SAB) hopes to expand its water-saving collaboration efforts with municipalities to more water-stressed communities across South Africa, after achieving significant successes in Cape Town and Tshwane. Working with local municipalities in Cape Town and Tshwane, SAB has managed to help provide a total 4.4-billion litres of additional water a year for use [...]

Former president Jacob Zuma, whose administration has been blamed for the current power outages, has said the power crisis could have been averted if the country had built nuclear reactors.  In an interview with Business Day on Friday, Zuma said the costly nuclear build programme he supported during his presidency could have “solved our problems, once [...]

The R18-billion expansion of one of two of KwaZulu-Natal’s special economic zones (SEZs), the Dube TradePort, is set to create hundreds of jobs as the province gears for yet another round of development for its Durban Aerotropolis precinct, KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala has said. At a media briefing earlier [...]

Civil society groups rejected Guinea's first policy seeking to protect people displaced by mines and dams on Thursday, saying it would worsen poverty and conflict in the mineral-rich nation. Seven human rights and development organisations asked the government not to adopt the proposed national standards for relocating and compensating displaced communities, and to spend the [...]

Exxaro has decided to terminate its agreement with Group Five Construction subsidiary, Group 5 Projects, with effect from March 21, following Group Five’s announcement that it has embarked on business rescue proceedings. Exxaro in April 2017 appointed Group 5 Projects to build a new small coal plant as part of the Grootegeluk Plant 6 (GG6) [...]

Indonesian airline Garuda said on Friday it would cancel a $6-billion order for Boeing 737 MAX jets, citing concerns over passenger confidence, as Boeing tried to quell safety worries by making a previously optional cockpit warning light compulsory. National carrier Garuda is the first airline to publicly announce plans to scrap an order since a [...]

Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties with respect to the development, construction and operation of the [...]

South Africa has correctly identified the lack of investment as a serious constraint to economic growth and job creation. President Cyril Ramaphosa has moved to address the problem by reaching out to domestic and foreign investors both informally and through the inaugural Investment Conference, which took place in Johannesburg in October 2018. Without question, affordable [...]

The growth of the capital equipment sector, and the manufacturing sector in general, is being stifled by South Africa’s heavy reliance on imports, and its inability to deliver on its localisation promises. The manufacturing sector has the potential to significantly accelerate South Africa’s economic growth and development, however, unnecessary imports, upwards of $88-billion for goods [...]