Economy
Independent Power Producers announced

Independent Power Producers chosen

The Department of Energy has announced the names of 19 bidders who have been selected as the preferred bidders for the renewable energy Independent Power Producers (IPP) programme, and has appealed to the financial sector to provide financing to selected bidders.

Petro SA, Sinopec partner on refinery

State oil company PetroSA has partnered with China's Sinopec Group to work together in pushing the building of the proposed US$11-billion Mthombo crude oil refinery project, to be built at Coega near Port Elizabeth.

South Africa's fifth undersea cable

The West African Cable System, the fifth submarine cable system to link South Africa to the rest of the world, was formally launched on Friday, promising further improved bandwidth connectivity down the west coast of Africa.

South Africa's banks in upbeat mood

South Africa's banking confidence has risen above its long-term average levels for the first time in over three years, and the sector looks set for sustained earnings growth, according to a survey by Ernst & Young.

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