AECI to spend R1bn a year on expansion – Business Day
AECI is aggressively pursuing its plans to expand its operations into South America to improve volumes from its chemicals and explosives business, CEO Mark Dytor said at the group’s interim results presentation yesterday.
Cutifani to ride rough in review of Anglo – Business Report
“Underground mining performance was principally impacted by the intermittent illegal industrial actions, the national bus driver strike which impacted employees’ ability to commute to work and safety stoppages,” the company said in its production update.
You need a strong stomach for your local assets – Maya on Money
While a globally diversified fund may be first choice, most South Africans have the majority of their assets in South Africa.
Up and up MR goes – Finweek
Construction and engineering group Murray & Roberts (M&R) has managed to get rid of most of its dead-wood projects. It is, in fact, now leading the charge in recovery against its peers.
Go to the self-help section – Financial Mail
The sale of Exclusive Books raises the question of the future of publishing.
Investment Insights: Investing after Bernanke – Moneyweb
The Fed’s announcement that it plans to taper off its quantitative easing program has seen vast amounts of foreign money leave emerging markets, including South Africa.
MR winds up disposal – Daily Dispatch
Murray & Roberts says it has concluded the disposal of its Construction Products Africa manufacturing businesses for about 111.3-billion, which includes Much Asphalt, Rocla, Technicrete and Ocon Brick.
Lonmin's Magara steps into tough job – Business Report
While beleaguered platinum miner Lonmin expects its new chief executive, Ben Magara, will be “getting his feet on the ground” over the next few weeks, analysts have taken a different view.
SA economy is still 'unsettled' – The New Age
A key indicator of the state of the country’s economic activity improved sharply in June as it increased by 1.2 points to 51.6, from 50.4 in May but some analysts argue that it is too early to get excited given the current “strange” economic environment.
Murray Roberts wraps up sale of units – Business Day
Murray and Roberts says it has concluded the disposal of its Construction Products Africa manufacturing businesses for about R1.3bn, which includes Much Asphalt, Rocla, Technicrete and Ocon Brick.
