In a quest for shareholder value, work is in progress to determine the viability and benefits to Imperial shareholders of listing Imperial Logistics and Motus separately, says Imperial CEO Mark Lamberti. Speaking at the announcement of the JSE-listed group's financial results for the year ended June 30 in Johannesburg on Tuesday, he said the group was to "make an announcement on this before this time next year". view more

Group Five CEO Themba Mosai has moved to assure shareholders that the new leadership at the embattled construction company is prioritising "accountability and consequence management" in light of a dismal 2017 performance, which saw the JSE-listed company report financial results that were far worse than expected. During the period, Group Five was afflicted by boardroom battles, which resulted in the departure of several executives and nonexecutives, including former CEO Eric Vemer, who resigned suddenly in late February, as well as chairperson Philisiwe Mthethwa. In fact, an entirely new board was appointed on July 24 after fund manager Allan Gray, which holds 25% of the company on behalf of clients, indicated that it had lost faith in the board and called an extraordinary general meeting. view more

JSE-listed Murray & Roberts (M&R) will acquire a further 17% interest in the Bombela Concession Company (BCC) for R405-million, taking its overall stake in BCC to 50%. BCC was established to manage the design, partial financing, delivery, operation and maintenance of the Gautrain rapid rail link, in Gauteng. view more

With the completion of a strategy review and a successful consolidation and realignment of the business, telecommunications and information technology giant Allied Technology (Altron) CEO Mteto Nyati has set his sights on shaking up the JSE-listed firm to unlock a "new era" of growth and expansion after losses in recent years. The JSE-listed group had recently transitioned from a family controlled and managed business to an independent management structure, with the appointment of Nyati in March as successor to Robbie Venter in a move to aggressively drive a strategy aimed at returning the company to its previous fortunes. view more

The Constitutional Court has refused an application by several Eastern Cape businesses for leave to appeal a Supreme Court of Appeal (SCA) ruling relating to implementation of the Regulatory Clearing Account (RCA) mechanism in South Africa's multiyear price determination (MYPD) electricity tariff-setting methodology. On June 6, the SCA upheld an appeal by the National Energy Regulator of South Africa (Nersa) against an earlier North Gauteng High Court judgment, which had found Nersa's approval of Eskom's RCA application for 2013/14 to be unlawful. view more

Water and Sanitation Minister Nomvula Mokonyane had laid the blame for her department's ailing finances on ill-equipped municipalities who could not implement their projects. Mokonyane on Tuesday appeared before the standing committee on public accounts (Scopa) to account for R2.5-billion in irregular expenditure in 2015/16. view more

President Jacob Zuma signed the Financial Sector Regulation Act, 2017 into law, the Presidency said on Monday. "The Act establishes two new financial sector regulators, the Financial Sector Conduct Authority and the Prudential Authority with jurisdiction over all financial institutions, and to provide them with a range of supervisory tools to fulfil their objectives," the Presidency said. The Presidency said that the Act makes provision for and ensures that there is co-operation and collaboration between the financial sector regulators, the National Credit Regulator, the Financial Intelligence Centre and the South African Reserve Bank. view more

The Competition Tribunal has conditionally approved JSE-listed Italtile's proposed acquisition of Ceramic Industries (CIL) and Ezee Tile Adhesive Manufacturers. Italtile in April 2016 made an offer to acquire the remaining 73.5% interest in CIL it does not already own for R3.75-billion in cash and shares. view more

Two major unions said on Tuesday they will sign a new wage agreement in the engineering sector, quelling fears of an industry strike. Trade union Solidarity and the National Union of Metalworkers of South Africa (Numsa) said they will sign a three-year wage agreement with the Steel and Engineering Industries Federation of South Africa (Seifsa) on Wednesday. view more

Isuzu Motors South Africa (IMSAf) on Tuesday announced a number of leadership appointments in support of the purchase of all Isuzu-related assets from General Motors South Africa (GMSA), effective January next year. Haruyasu Tanishige, in addition to his current role of senior executive officer for the sales division of Isuzu Motors, in Japan, will serve as IMSAf chairperson. He will continue to be based in Tokyo, at Isuzu headquarters. view more

The Cox Yeats Labour Team, in conjunction with The People Solutions Company, is ... view more

The July 2017 edition of Business Sense is currently being distributed. It will ... view more

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The Durban Investment Promotion Authority (known historically as DIPA) now has t... view more