Global law firm Baker McKenzie says poor merger and acquisition (M&A) deal values in South Africa for 2018 resulted from the economy’s dismal performance and the risk-off sentiment towards emerging markets in general. According to the Global Transactions Forecast (GTF), issued by Baker and Oxford Economics, just $4.3-billion of M&A activity was concluded in South [...]

South Africa's agricultural industry body AgriSA will approach banks, agribusiness and government to raise R3-billion to help farmers hit by severe drought, its executive director said on Friday. Farmers have faced dry conditions over most of the nation for the last year, even as they are still recovering from a disastrous El Nino-induced drought in [...]

Johannesburg metro mayor Herman Mashaba said on Wednesday that the Gauteng provincial human settlements department had committed about R300-million for housing developments in the city for the current financial year.  This comes against the backdrop of an ongoing dispute about the Human Settlements Development Grant (HSDG) between the City and Gauteng Cogta and human settlements [...]

Following the fatal train collision in Mountainview, Pretoria that left four people dead and 620 injured earlier this year, the Railway Safety Regulator (RSR) is considering suspending the Passenger Rail Agency of South Africa's (PRASA) safety permit again, GroundUp reports. If the permit is suspended, Metrorail trains across the country will stop operating. According to [...]

Richards Bay Coal Terminal (RBCT) exported 73.47-million tonnes of coal in 2018, 4.1% less than in 2017. The main export destination of the South African-mined coal was Asia at 81.6%.

The South African Revenue Service (Sars) on Thursday said it would investigate allegations of tax evasion before the Zondo commission of inquiry into State capture "without fear or favour". In a media statement, the revenue service said it was concerned about the allegations that directors of Bosasa, now trading as Global African Operations, had dodged [...]

JSE-listed Vodacom’s international operations have boosted the group’s financial performance in the quarter ended December 31, 2018, after a dip in the South African operations. The group’s revenue was up 1.5% to R23-billion and service revenue increased by 2.4% to R18.9-billion, while group data revenue edged up 2.2% to R6.8-billion during the quarter under review.

ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi Mittal-controlled ArcelorMittal signed a deal in May 2015 to set up a steel plant to [...]

A 20-year-old Western Cape man allegedly seen on national television wearing an item of the uniform of the armed forces of the Republic of South Africa without authorisation has been arrested.  The arrested person was released on a warning and will appear before the Bellville Magistrate Court on Thursday.

Khato Civils, the subcontractors removed from the R3bn Giyani water project, is preparing to fight tooth and nail for its reinstatement. This follows the water and sanitation department's announcement on Tuesday that the contract between Lepelle Northern Water (LNW) and LTE Engineering had been terminated. LTE was meant to connect running water to 55 Giyani [...]

MTN has paid $53-million to settle a money transfer dispute with Nigeria's central bank and the matter has been withdrawn from court, Governor Godwin Emefiele said on Tuesday. The central bank had ordered MTN and its lenders to bring back a total of $8.1-billion it alleged the company had illegally repatriated using improperly issued paperwork [...]

The Lesotho Highlands Development Authority (LHDA) on Tuesday announced the appointment of an engineering panel of experts for the second phase of the Lesotho Highlands water project (LHWP II). The panel comprises a selection of experts from the UK, Europe, the US and Australia, with the combined knowledge covering tunnelling, bridges, concrete faced rockfill dams, [...]