Edition:
India

Patricia Aruo

UPDATE 2-Cement maker PPC seeks CEO as Claassen to retire

23 Nov 2018

JOHANNESBURG, Nov 23 South African cement producer PPC reported an 11 percent increase in half-year profit on Friday and said it is seeking a successor to CEO Johan Claassen who wants to retire.

South Africa's Barloworld in talks to buy a Caterpillar business

19 Nov 2018

JOHANNESBURG Barloworld Ltd is in talks to buy a business from Caterpillar Inc using proceeds from the sale of a unit earlier this year, the head of the South African equipment maker said on Monday.

UPDATE 1-South Africa's Sappi takes short term pain for long term gain

15 Nov 2018

JOHANNESBURG, Nov 15 South African paper and pulp maker Sappi said on Thursday that its profit for the full year fell 4.4 percent as it ramped up investment to modernise plants and shift production to more profitable products.

South Africa's Nedbank becomes latest firm to drop KPMG

29 Oct 2018

JOHANNESBURG South African lender Nedbank said on Monday it would appoint Ernst & Young as joint external auditors in May 2019, becoming the latest firm to drop the scandal-hit KPMG's local unit.

UPDATE 2-South Africa's Nedbank becomes latest firm to drop KPMG

29 Oct 2018

JOHANNESBURG, Oct 29 South African lender Nedbank said on Monday it would appoint Ernst & Young as joint external auditors in May 2019, becoming the latest firm to drop the scandal-hit KPMG's local unit.

South Africa's Group Five to cut more jobs as losses swell

02 Oct 2018

JOHANNESBURG South African construction firm Group Five will cut more jobs as it seeks to trim loss-making divisions, it said on Tuesday, highlighting an industry-wide slump in its home market that has left many companies fighting for survival.

UPDATE 3-S.Africa's mining employees, communities to get free stake under new charter

27 Sep 2018

* Mining laid foundations for Africa's industrial powerhouse (Adds clarification on mining rights)

Corrected: South Africa's Life Healthcare not ruling out return to India after Max disposal

24 Sep 2018

(Corrects paragraph seven in Sept. 20 story to show the loss of licence at Max Shalimar Bagh was temporary)

South Africa's Naspers plans to spin off, list pay-TV unit

17 Sep 2018

JOHANNESBURG South Africa's Naspers unveiled plans on Monday to spin off and list separately its pay-TV unit, its first major move aimed at narrowing a discount between its market value and the value of its stake in Chinese technology giant Tencent.

South Africa scraps nuclear power expansion plans

27 Aug 2018

PRETORIA South Africa has cancelled plans to add 9,600 megawatts (MW) of nuclear power by 2030 and will instead aim to add more capacity in natural gas, wind and other energy sources, the energy minister announced on Monday.

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