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dti’s 5 pillars of industrial development

May 21 2015 16:59

Trade and Industry Minister Rob Davies has committed in his budget speech to the five pillars identified in the Industrial Policy Action Plan to boost development.


Total brings gas field in Russia on line

May 21 2015 09:30

French energy company Total has launched production at the Termokarstovoye gas field in northern Siberia together with its Russian partner Novatek.


SacOil exits Nigeria JV on weaker oil prices

May 20 2015 11:15

SacOil Holdings has ended its joint venture with Nigeria's Nigdel United Oil Company and abandoned its oil licence as softer oil prices forced the firm to cut costs.


Exxaro expects lower earnings, shares drop

May 19 2015 19:55

Shares in Exxaro Resources have dropped after the coal miner said lower export iron ore prices hit its earnings.


Parliament lauds solar project that lit up township

May 19 2015 15:36

Energy Minister Tina Joemat-Pettersson has applauded an IPP project that brought solar power to a Northern Cape community that had no electricity.


PPC earnings decline as cement prices fall

May 19 2015 14:15

PPC, South Africa’s largest cement maker, says first-half profit declined 38% as domestic prices for cement fell.


SAA, dti deal targets black industrialists

May 18 2015 15:59

South African Airways and the Department of Trade and Industry have signed a memorandum of understanding on procurement opportunities for black industrialists.


Rolls-Royce to cut 600 jobs as oil price bites

May 18 2015 15:04

Rolls-Royce says it will cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it says will have a "broadly neutral" impact on 2015 profits.


Barloworld profit up on after-market sales

May 18 2015 10:06

Barloworld reports a rise of 16% in half-year profit as after-market sales have helped to overcome weak demand for its heavy equipment from the mining industry.


PPC rallies after SA slaps duties on Pakistani cement

May 15 2015 14:04

Shares of cement maker PPC have jumped more than 8% after SA authorities imposed duties to curb dumping by the Pakistani cement industry.

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Basil Read to sell energy unit, shut engineering division

May 15 2015 13:34

Shares in Basil Read have jumped more than 6% after the construction group says it will sell its energy unit and is in talks to shut down an engineering division.


Risk of total blackout lower than 10 years ago

May 15 2015 11:03

The risk of a total blackout is lower than it was a decade ago, according to the man behind Eskom’s load shedding operations.

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