Solar power plant in Touwsrivier

German firm launches solar power plant

German-based Concentrix Solar has inaugurated its first facility in South Africa, with the commissioning of a 60 kilowatt solar power plant at the Aquila Private Game Reserve in Touwsrivier in the Western Cape.

Business confidence continues to improve

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.

State to act on steel pricing

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.

Cartel complaint against tyre firms

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.

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MARKET REPORTS

JSE follows world markets higher

The JSE closed in the black on Wednesday in line with firmer global markets.

Rand ignores softer euro

The rand maintained a steady footing in midday play on Wednesday despite a softer euro against the greenback.

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