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  • Australian junior applies for right to explore for shale gas in Karoo

    27 January 2014 2:53 PM 20

    Australian oil and gas explorer Challenger Energy has applied for a right to explore for shale gas in South Africa’s Karoo. Challenger’s 95%-owned South African subsidiary, Bundu Gas & Oil Exploration, was the first mover in the shale gas belt where Shell and Falcon, with Chevron, are also awaiting exploration licences. “We’ve got some pretty good neighbours

  • URU seeks BEE partner for SA nickel project

    27 January 2014 2:32 PM 8

    JOHANNESBURG (miningweekly.com) – Aim-listed URU Metals is on the hunt for a black economic-empowerment (BEE) partner to help develop its Zebediela nickel project, in Limpopo. Following URU’s gradual increase of its stake in the project from 33% to 100%, and the conclusion of the due diligence, the base metals and uranium explorer and development company

  • JSE stocks fall most in 6 weeks

    27 January 2014 1:27 PM 19

    January 27 2014 at 03:27pm Johannesburg - South African stocks fell the most in more than six weeks as investors sold emerging-markets on concern that slower Chinese manufacturing and less Federal Reserve stimulus will drive capital outflows. The benchmark 165-member FTSE/JSE Africa All-Share Index slid as much as 1.5 percent, the most since December

  • Naspers extends losses as Tencent hit again

    27 January 2014 12:31 PM 8

    January 27 2014 at 02:30pm By Reuters Johannesburg - Shares of South African media and e-commerce firm Naspers extend sharp losses from the previous session, trailing a fall in Chinese Internet firm Tencent Holdings, as Hong Kong stocks continue to tumble amid an emerging market sell-off. Tencent, which is over 30 percent owned by Naspers, fell over 2 percent

  • Copper theft situation improving

    27 January 2014 12:00 PM 12

    The outlook on copper theft looked "relatively optimistic", according to the South African Chamber of Commerce and Industry. We know that as a prospective advertiser, you are spoilt for choice. Our job is to demonstrate why TechCentral delivers the best return for your advertising spend. TechCentral is South Africa’s online technology news leader. We don’t

  • JSE opens weaker

    27 January 2014 9:41 AM 7

    JOHANNESBURG - The JSE started the week lower‚ tracking a generally negative tone in global markets‚ as participants await the start of the first US Federal Reserve monetary policy meeting for the year. Global markets were hit by sharp losses on Wall Street on Friday night‚ as well as renewed concern over emerging markets. At 9.48am‚ the all share index

  • No further action on long-term supermarket lease

    27 January 2014 7:07 AM 9

    JOHANNESBURG - The Competition Commission confirmed on Friday that it had concluded its investigation into long-term supermarket lease agreements and their anti-competitive effects‚ and that it would not refer the matter for prosecution before the Competition Tribunal. In 2011‚ the commission completed part of its investigation that started in 2009 against

  • Panarottis helps Spur lift half-year sales by 11.5%

    27 January 2014 6:14 AM 12

    January 27 2014 at 08:00am By Nompumelelo Magwaza Johannesburg - Restaurant group Spur Corporation increased its total sales by 11.5 percent year on year to R2.8 billion in the six months to December, with pleasing growth from its Panarottis Pizza Pasta chain. The company, which owns chains such as Spur Steak Ranches and John Dory’s, said its South African

  • Safety issues delay plan to deepen Durban berths

    27 January 2014 6:04 AM 11

    January 27 2014 at 08:00am By Nompumelelo Magwaza Johannesburg - Transnet will have to go back to the drawing board on the issue of deepening the berths at its Durban container terminal following reports that two of its environmental impact assessment (EIA) reports were rejected by the Department of Environmental Affairs. Transnet National Port Authority

  • Bitter medicine for economy - Formby

    27 January 2014 5:46 AM 13

    January 27 2014 at 07:45am By Ann Crotty Johannesburg - The rand broke through three key psychological thresholds last week, heightening concerns about the outlook for economic growth and the scope for government policy in an election year. On Friday, the rand dropped to lows of R18.33 to the pound and R11.11 versus the dollar. The rand’s weakening against