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Insimbi’s H1 earnings rise
Published: 19 Oct 17
JSE-listed Insimbi Refractory and Alloys’ earnings before interest, taxes, depreciation and amortisation increased by 273% year-on-year to R179.8-million for the six months ended August 31. Earnings a share were up by 142% year-on-year to 11.97c and headline earnings a share increased by 150% year-on-year to 11.95c.
If Zuma removes me, I’ll accept it – Ramaphosa If Zuma removes me, I’ll accept it – Ramaphosa
Published: 19 Oct 17
I serve at the pleasure of the President, and If I’m fired, it will be at the pleasure of the President, South Africa’s deputy president said on Thursday. Cyril Ramaphosa was asked by opposition party members in the National Assembly to confirm or deny speculation that he was next in line to be axed by President Jacob Zuma.
Zuma unveils OR Tambo statue in commemoration Zuma unveils OR Tambo statue in commemoration
Published: 19 Oct 17
The life of former African National Congress (ANC) president Oliver Reginald Tambo was commemorated on Thursday with the unveiling of a new statue of the former anti-apartheid struggle stalwart at international arrivals at the OR Tambo International Airport in Johannesburg. President Jacob Zuma was joined by members of the Tambo family and government officials for the unveiling of the 2.5 m bronze statue, a bust of the South African icon and the official renaming of the Air Traffic and Navigation Services auditorium and tower.
Blame game on over supposed coal shortage in India
Published: 19 Oct 17
In a blame game over a supposed coal shortage in the country, India’s Coal Ministry has fingered thermal power companies for their failure to follow procedures and a lack of efficient inventory management, while demanding more supplies of dry fuel. The Coal Ministry has claimed that it has been warning thermal power producers in the country since last June about coal stocks falling rapidly and the need to stock up in view of rising electricity demand across industry and households in the country.
Atterbury consolidates headquarters in Pretoria
Published: 19 Oct 17
International property developer and investor Atterbury has consolidated its two Gauteng branches into a single regional headquarters at the Die Klubhuis, housed within the Pretoria precinct development, The Club. The move included its major businesses Atterbury Asset Management, Atterbury Property Development and the company’s financial services division.
South Africa should avoid rating cuts in Nov – Kganyago South Africa should avoid rating cuts in Nov – Kganyago
Published: 19 Oct 17
A narrowing current account deficit, improving economy and stable inflation should help South Africa avoid credit rating cuts in November, central bank governor Lesetja Kganyago said in an interview, playing down concerns over the most recent cabinet reshuffle. Growth in Africa's most industrialised economy has slowed to a near standstill in recent years, hit by corruption and a lack of progress on sorely needed reforms.
Steel and Vanadium complex finds new life as industrial park Steel and Vanadium complex finds new life as industrial park Has Video
Published: 19 Oct 17
A closed steel complex in Mpumalanga is finding new vigour as an industrial park, by focusing on providing key facilities for specialist services companies.
Japan transport ministry considering checks of cars, trains using Kobe Steel products – Kyodo
Published: 19 Oct 17
Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel, Kyodo reported on Thursday. With the data falsification scandal at Japan's No. 3 steelmaker affecting a wide range of manufacturers, the Ministry of Land, Infrastructure, Transport and Tourism has decided to consider countermeasures that go further than its previous call for manufacturers to check the safety of affected products, Kyodo said without citing sources.
Shanta expects new strategy to bolster future quarters
Published: 19 Oct 17
Aim-listed Shanta Gold expects to deliver a stronger operational and financial performance during the next few quarters as it shifts into a new strategy of improving profitability and reducing debt following legislative changes in Tanzania. The East Africa-focused gold producer, developer and explorer on September 5 unveiled a new strategy to right-size the business, target operational improvements, reduce costs and shake up management.
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