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New $2.9bn Coca-Cola Africa giant formed

Nov 27 2014 12:24

SABMiller, The Coca-Cola Company and Gutsche Family Investments are combining their soft drinks bottling operations in Africa to create a $2.9bn revenue.


Shell must pay $4bn oil damages, says Nigeria

Nov 27 2014 10:21

Nigeria's national assembly says oil major Shell should pay $3.96bn for a 2011 spill in the latest assessment of damage to the environment.


Microbes to munch Sasol sludge

Nov 27 2014 06:00

Oil and chemical giant Sasol is looking to use microbes to turn thousands of tonnes of waste sludge into compost.


Eskom offers voluntary separation packages

Nov 26 2014 14:27

Eskom has offered staff voluntary retrenchment packages, but says it will consider operational needs to ensure core critical and scarce skills are not lost.


Carlyle, Old Mutual to acquire SA tyre firm

Nov 26 2014 18:47

US buyout firm Carlyle Group and the private equity arm of insurer Old Mutual have agreed to buy Tiger Automotive from Ethos Private Equity.


Rosneft cuts output citing market conditions

Nov 25 2014 20:19

Russia's oil giant Rosneft says it has cut its daily output by 25 000 barrels because of "market conditions" that have seen the price of crude shrink.


Eskom reports lower first-half profits

Nov 25 2014 14:31

Eskom has reported a profit of R9.3bn for the last six months, down 24% from R12.2bn for the same period the previous year.


Total faces trial on Iran corruption charges

Nov 25 2014 18:51

French oil giant Total has been ordered to face trial over charges it bribed officials in Iran to acquire oil and gas concessions, according to a judicial source.


Ghana inks $6bn deal with oil giant Eni

Nov 24 2014 20:45

Ghana has accepted a bid from Italian oil major Eni to develop its offshore oil and gas resources, part of an effort to boost the country's energy sector.


PPC plays board games

Nov 23 2014 17:28

Former PPC boss Ketso Gordhan’s corner has been dealt a further blow ahead of a crucial vote that may hand him his job back.


Guptas to list energy company on JSE

Nov 23 2014 16:34

The Gupta family intend listing a uranium mine on the Johannesburg Stock Exchange to raise R800m.

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Statoil takes $350m hit on exploration halt

Nov 21 2014 19:35

Statoil says it is halting exploration in Angola after poor drilling results, retreating from an offshore area it had high hopes for.


Germany to leave door ajar for fracking

Nov 20 2014 11:12

Germany's government plans to stop short of an outright ban on the controversial technique of fracking for gas, bowing to pressure from industry.

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Goalkeeper saves five penalties with his FACE!

Nothing, and we mean nothing, will keep goalkeeper Scott Stirling from stopping the ball!



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