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.
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.
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
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.
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.
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.
* Mining laid foundations for Africa's industrial powerhouse
(Adds clarification on mining rights)
(Corrects paragraph seven in Sept. 20 story to show the loss of licence at Max Shalimar Bagh was temporary)
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.
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.