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.
Acid water to cost fiscus more than R1bn
Government will need over R1bn to deal with acid mine drainage on the Witwatersrand, while a business plan for its strategy will be ready in July.
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.
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.
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.
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".
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.
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.