Shanduka profits R2bn on Assore
Cyril Ramaphosa's Shanduka group has cleaned up on the sale of its empowerment stake in iron ore producer Assore, pocketing more than R2bn.
Sentula, Shanduka merger goes sour
The R2.1bn deal to merge Sentula Mining and the coal assets of Cyril Ramaphosa's group Shanduka has apparently hit the skids.
Egypt steel magnate faces fresh graft charges
Egyptian steel magnate Ahmed Ezz, a top ally of ousted President Hosni Mubarak who is being investigated for graft, faces fresh charges of profiteering and squandering public funds.
Salaries of Eskom execs doubled
Eskom has paid executives 109% more than in the previous year, with its CEO now earning R5.7m a year and its human resources head getting a 507% pay hike.
Joburg safe from acid mine water – study
A geo-technical risk assessment says there's no risk of acid mine water flooding the basements of high-rise buildings in the Joburg CBD.
Eskom ups profits on tariffs
Power utility Eskom has reported a net profit of R8.4bn for the year, helped again by higher electricity tariffs.
Transnet: Swazi link is Waterberg saviour
Transnet's plans to service the strategic Waterberg coalfields hinge on whether it will succeed in moving general freight off the coal line, via a Swaziland loop.
Transnet wary of public-private deals
Logistics firm Transnet says while it is open to working with private firms on its expansion plan, it would be cautious as many past deals were "disasters".
Mzi Khumalo crosses the border
Controversial mining magnate Mzi Khumalo is closing shop in South Africa as his main corporate entity goes into final liquidation.
JSE reaching oversold levels
The local market is oversold and could possibly again experience the short-term run, technical analysis shows.