German firm launches solar power plant

The South African Chamber of Commerce and Industry Business Confidence Index for August shows a jump by 3.3 points to 87.6 - the highest level so far this year - and the chamber expects the index to continue ints generally positive trend in the medium term.

The South African government is intent on using policy tools to achieve competitive steel pricing to benefit downstream industries, says Trade and Industry Minister Rob Davies, though without specifying what form this intervention will take.

The Competition Commission has referred a complaint of collusive tendering and price-fixing against the South African Tyre Manufacturers Conference and four tyre makers and suppliers to the Competition Tribunal for adjudication.