Business In The News South Africa

Sanral awards R1.65bln tender for longest cable-stayed bridge to Concor Mota-Engil JV

JOHANNESBURG, September 20  – The South African National Roads Agency Limited (Sanral) announced on Thursday the awarding of the R1.65 billion tender for the second of two mega-bridges as part of the N2 Wild Coast project. This comes after Sanral announced in July 2017 that the tender award had to be re-advertised as it received no fully responsive tenders for […]

Business In The News South Africa

Gold wage talks deadlock again between Sibanye and Amcu

JOHANNESBURG, September 20 – Wage negotiations between the Association of Mineworkers and Construction Union (Amcu) and Sibanye-Stillwater reached a deadlock once again on Thursday. “No agreement has been reached and wage talks continue,” Amcu said in a terse statement. This as Amcu, along with other gold-sector unions, continued gold wage conciliation processes with Sibanye, Harmony Gold, and Village […]

Business In The News South Africa

MC Mining says minerals department approves authorisation for Makhado project

JOHANNESBURG, September 11 – MC Mining said on Tuesday South Africa’s department of mineral resources (DMR) had approved the environmental authorisation for its Makhado hard coking and thermal coal project in Limpopo province. MC Mining applied to both the DMR and the Limpopo department of economic development, environment and tourism (LEDET) at the start of the year […]

Business Lead South Africa

Former Steinhoff CEO says his family trust held R3billion in shares when accounting scandal broke

PARLIAMENT, September 5- Former Steinhoff chief executive Markus Jooste on Wednesday told MPs the day an accounting scandal hit the multi-national retailer, his family trust held shares worth around R3 billion. Steinhoff’s announcement of “possible accounting irregularities” and Jooste’s resignation on December 6 saw the company’s share price plummet, and saw the Public Investment Corporation, […]