Electric Cars To Hit South Africa In 2010

A pilot fleet of electric cars are due to hit South Africa's roads by 2010, the company which builds them said on Thursday.

Optimal Energy, the company which manufactures the electric-powered 'Joule', had received financial backing from the Department of Science and Technology and issued shares to the Industrial Development Corporation, said spokeswoman Diana Blake.

JSE Open To Zim Firms: Report

Firms listed in Zimbabwe may now have an opportunity to raise foreign capital through listing on the Pan African Board, a segment of the Johannesburg Securities Exchange, the Herald in Zimbabwe reported on Tuesday.

Counters already listed on the Zimbabwe Stock Exchange (ZSE) could retain their local listing and have a secondary listing on the JSE's Africa Board, the report said.

Rhema Church Rakes In Millions

In these economically trying and troubled times, religion, it seems, is good business.

Rhema Ministries, the church that last Sunday famously hosted ANC presidential candidate Jacob Zuma at a service in Randburg, Gauteng, on Friday announced an income of "slightly above R100 million" for the past year.

SABMiller To Expand In China

SABMiller's Chinese joint venture will acquire a brewery in China's Shandong Province for about US42million, the JSE and London listed brewing giant said on Friday in a statement.

China Resources Snow Breweries, SABMiller's joint venture with China Resources Enterprise, would acquire Shangdong Hupo Brewery's assets through the formation of another joint venture in which it will own a 90 percent stake.

Last Updated ( Saturday, 14 March 2009 03:59 )

MTN Posts Profit On Robust Mobile Subscriber Growth

MTN has posted a profit for the financial year ended December 31, 2008, the cellphone and communications company said on Thursday.

This was  due to robust subscriber growth as well as high investment in infrastructure and improved distribution, it said.

Back Pain Costs Employees R1.2 Billion A Year

Employees taking sick days because of back pain cost companies R1.2 billion a year, a human resources company said on Monday.

"Factory workers who operate heavy machinery are the obvious candidates for back trouble, but office workers sitting on chairs that offer little support for hours every day, can also develop back problems," said Corporate Absenteeism Management Solutions (CAM) chief executive, Johnny Johnson.

Last Updated ( Tuesday, 10 March 2009 08:22 )

Standard Bank Takes One-Third Stake In Troika

By Catarina Stewart

South Africa's Standard Bank will buy a 33 percent stake in Troika Dialog, Russia's second-largest investment bank, in the first acquisition deal by a foreign lender in Russia's troubled banking sector since the onset of the economic crisis.

Sleek, Lightweight Engine Design Propels SA

Innovator To A Landslide Victory In Global Competition
 
Johannesburg, S. Africa - March 5, 2009 - Durban light aircraft engine manufacturer, ADEPT Airmotive, has made clean sweep in a global competition, taking the title of  2008 Inventor of the Year for its development of a revolutionary aviation engine with the aid of digital prototyping technology.

De Beers Suspending Mining In Botswana

By Sello Motseta

The world's diamond giant is halting mining in Botswana for the next seven weeks as the global recession takes it toll on gem demand, De Beers and its government partner said.

The suspension affecting the four mines in the southern African country starts Wednesday, Debswana - a 50-50 joint venture of De Beers and the Botswana government - said in a statement Monday. Debswana added that one of its four mines and a processing plant would remain closed through the end of the year.

Mine-Proof Vehicle Boosts Economy

A locally produced armoured personnel carrier has boosted the country's exports by about R4.34 billion and created 300 jobs at its Johannesburg factory, the company that builds it said on Tuesday.

The landmine-resistant RG31Mk6E on Tuesday made its international debut at the Idex exhibition in Abu Dhabi in the United Arab Emirates, said BAE Systems Land Systems SA in a statement.