Business In The News South Africa

Sibanye inches closer to completing R5 bln acquisition of Lonmin Plc

JOHANNESBURG, October 16  – The Competition Commission on Tuesday recommended that the South African Competition Tribunal approve the proposed R5 billion acquisition of Lonmin Plc by Sibanye-Stillwater, subject to conditions. The Tribunal is the regulatory body which provides final approval for large mergers in South Africa. Last December Sibanye offered R5.17 billion for Lonmin in […]

Business Lead South Africa

I’m not aware of any intelligence unit at Sars, acting commissioner says

PARLIAMENT, October 16 – Acting South African Revenue Service (Sars) commissioner Mark Kingon on Tuesday said he was not aware of any intelligence unit operating within the revenue collection agency. Kingon was asked bluntly by Democratic Alliance member of Parliament (MP) David Maynier whether, to his knowledge, their was any intelligence gathering unit, legal or […]

Business In The News South Africa

SA agro-processing companies seek new markets in France

JOHANNESBURG, October 16 – The Department of Trade and Industry will lead a delegation of 38 agro-processing companies to explore new markets at the 27th edition of the Salon International de l’alimentation (SIAL) International Food Exhibition taking place in Paris, France next week. The South African companies that will be showcasing their products and services in […]

Africa Business South Africa

Orion Minerals completes extensive deep sulphide drill-out at Prieska Zinc-Copper Project

JOHANNESBURG, October 15 – Australian mining company Orion Minerals said on Monday that it has successfully completed the infill and extension drilling program at its Prieska Zinc-Copper Project located in the Areachap Belt in South Africa’s Northern Cape province. Orion has drilled 85,424 metres since May 2017 after acquiring the mine which was deemed uneconomic, with […]

Business In The News South Africa

Tiger Brands to re-open Germiston processing facility

JOHANNESBURG, October 12 – Packaged goods company Tiger Brands said on Friday it would re-open its Germiston Value Added Meat Products (VAMP) processing facility after it was issued a certificate of acceptability by the Ekurhuleni health department following rigorous assessments of the factory. Tiger Bands recalled processed meat products and suspended operations at several of its […]

Business In The News South Africa

Numsa slams Mboweni’s appointment as “doom for workers”

JOHANNESBURG, October 11 – The National Union of Metalworkers of South Africa (Numsa) said on Thursday it was disappointed by the  appointment of former central bank governor Tito Mboweni as new finance minister, saying that it spelt doom for workers. President Cyril Ramaphosa on Tuesday announced Mboweni as the new finance minister after Nhlanhla Nene resigned […]