Business

Historical issues are hampering transformation: Zuma

Policies that help create black industrialists in townships and rural areas need to be the focus of the newly appointed Black Economic Empowerment Council, President Jacob Zuma said at the council's inaugural session held at Tuynhuys in Cape Town on Tuesday.

 President Jacob Zuma addresses the BEE Council

KaXu Solar One to ease pressure on SA's energy grid

South Africa opened its first solar thermal electricity plant – KaXu Solar One – near Pofadder in the Northern Province on Monday. KaXu, which means "open skies" in the local Nama language, will add 100MW of electricity from the sun to the national grid, equal to the consumption of 80 000 houses.


Eskom's Medupi power station produces first electricity

The first of Medupi power station's six units was connected to South Africa's national power grid on Monday, marking "an exciting milestone" toward full commercial power of the Limpopo plant, Eskom boss Tshediso Matona said.


BMW celebrates one million 3-Series built in SA

The one-millionth 3-Series sedan rolled off the assembly line at BMW's plant in Rosslyn, Pretoria this week. The factory remains "a vivid example of a successful market entry through local production", says Harald Krüger, the chief executive of BMW South Africa.

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Market report

3-03-2015 JSE ends higher despite losses in gold miners, financials

The JSE closed 0.34% higher today, overcoming an 2.75% loss in gold mining shares and a 0.28% fall in financials.

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