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Industrial

UPS fined $247m for illegal cigarette shipments

May 28 2017 13:25

A US judge has ordered the American shipping giant UPS to pay $247m to New York state and city governments, for shipments of cigarettes that illegally evaded taxes.

Industrial

Gigaba maintains he opposes Denel-VR Laser deal

May 26 2017 19:51

Finance Minister Malusi Gigaba maintains that he is opposing Denel’s joint venture with VR Laser Asia because of the fragile state of the state arms manufacturer.

Industrial

Shell proposes gas to liquid for Africa's energy engineering challenges

May 25 2017 21:04

The latest gas to liquid technology for the manufacturing of hydro-carbons can go a long way to benefit Africa's engineering challenges in the energy sector, says an expert at Shell.

Industrial

Maersk to continue Africa focus

May 25 2017 20:21

While the road ahead may still present significant challenges, some of Africa’s most long-standing internal trade barriers are beginning to show signs of falling.

Industrial

Govt's new R1.5bn steel fund to help SMMEs - Patel

May 25 2017 19:13

Government will make a R1.5bn steel competitiveness fund available which will be administered by the IDC, says Economic Development Minister Ebrahim Patel.

Industrial

China's coal-shrinking goal wins believers

May 25 2017 12:15

With factories and power plants across China burning half the world’s coal, the government’s latest targets for using more natural gas seemed too ambitious.

Industrial

Tiger Brands overcomes drought with modest growth and increase in dividends

May 25 2017 08:38

Tiger Brands has weathered the drought and saw its HEPS rise by 7%, while it increased its dividend by 4% for the six months ended 31 March 2017.

Industrial

'Denel is not captured by anyone' - board chair

May 24 2017 18:46

Denel is fighting perceptions created by fake news, says its board chair Daniel Mantsha, insisting the company has not been captured by anyone, including the Gupta family.

Industrial

China's Geely to acquire 49.9% of Malaysian car-maker

May 24 2017 18:15

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group has agreed to acquire a 49.9% stake in unprofitable car-maker Proton Holdings from Malaysian conglomerate DRB-Hicom.

Industrial

PE to feel the pain as GM exits

May 28 2017 06:00

‘This is going to affect me big time since I am the sole breadwinner’ – 54-year-old worker Mlamli Vellem.

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Industrial

Gordhan leads the charge against Denel on Gupta links

May 24 2017 12:33

Former finance minister Pravin Gordhan has led the charge against another state-owned entity when he grilled Denel, demanding an honest answer about dealings with Gupta-linked VR Laser.

Industrial

MPs give Denel chair Mantsha a drubbing

May 24 2017 11:40

Denel board chairperson Dan Mantsha has received a longue-lashing from MPs for disrespecting the institution and not being forthcoming with information.

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