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  • Arrowhead acquires Residential Portfolio from Standard Bank

    09 December 2013 10:42 PM 23

    Arrowhead Properties has acquired a property letting enterprise and its related immovable properties situated at 55‚ 57 and 59 Glover Road‚ Honeypark Extension 20 in Honeydew on the West Rand‚ from Standard Bank for an aggregate purchase consideration of R150m. The immovable properties comprise 333 residential units‚ all of which are let to Monash South

  • JSE stocks eke out small gains

    09 December 2013 4:50 PM 23

    December 9 2013 at 06:39pm By Reuters Johannesburg - South African stocks eked out a fourth straight session of gains on Monday, lead by retailers such as Spar Group and Woolworths, which analysts say are now presenting value after underperforming the wider market this year. Food retailers especially are seen getting a boost as consumers' restraint eases

  • Confirmed: Caxton strikes acquisition deal with Habari Media

    09 December 2013 4:29 PM 48

    A while back we reported that South African publishing giant Caxton was in talks with digital sales house Habari, possibly around an acquisition. We can now confirm that was the case, with Ventureburn sources revealing that the deal will be formally announced later today or early tomorrow. When Ventureburn contacted Habari founder Adrian Hewlett, he could

  • Massmart shops to shut for Mandela funeral

    09 December 2013 3:26 PM 24

    December 9 2013 at 04:26pm By SAPA Johannesburg - Massmart stores will close on Sunday because of the funeral of former president Nelson Mandela, it said on Monday. The affected shops were: Builders Warehouse, Builders Express, Builders Trade Depot, Builders Superstore, CBW, Cambridge Food, DionWired, Game Stores, Jumbo Cash and Carry, Makro, and Rhino

  • Zim to build three solar power plants

    09 December 2013 2:57 PM 22

    December 9 2013 at 04:53pm By Reuters Harare - Zimbabwe plans to construct three solar-powered plants in the west of the country at a cost of $540 million in a bid to ease electricity shortages in the country, an official with the state power company said on Monday. The southern African nation, which has no shortage of sun-shine, produces about 1,200 MW of electricity

  • Joburg hotels make room for Mandela VIPs

    09 December 2013 2:27 PM 27

    December 9 2013 at 12:53pm Johannesburg - Luxury hotels in Johannesburg’s Sandton neighbourhood have asked guests to vacate their rooms for foreign dignitaries attending Nelson Mandela’s funeral and memorial service. The Radisson Blu hotel, located opposite the Gautrain station in the city’s commercial centre, wrote to “valued clients” to tell them that their

  • Bushveld to cooperate with Chinese group on P-Q iron project

    09 December 2013 2:26 PM 25

    The development of 's () iron ore deposit in South Africa has moved a step further - as the company agreed to co-operate with one of China's largest state infrastructure groups. China Railway No. 10 Co (CREC 10), a subsidiary of China Railway, and Bushveld have entered a memorandum of understanding over joint metallurgy test work on Bushveld's P-Q iron deposit

  • BlueRock starts Kareevlei trial mining

    09 December 2013 1:52 PM 18

    JOHANNESBURG (miningweekly.com) – Recently listed BlueRock Diamonds has started trial mining operations on the K1 and K2 pipes at the Kareevlei tenement, in South Africa, after buying a majority stake in the mining right over the tenement from Tawana subsidiary Diamond Resources for R4-million in August. The trial mining, which would be operated under

  • Retail trade outlook not so merry this festive season

    09 December 2013 1:33 PM 23

    The 2013 festive season is likely to be a mixed bag for South African retailers as rising fuel, transport and utility costs continue to see consumers apply the brakes on spending. According to Statistics SA figures released last month, growth in retail trade sales is likely to have moderated in September, The moderation was in line with forecasts for a slowdown

  • Nigeria Internet Group, NCC and Omobola Johnson to attend e-business forum

    09 December 2013 11:55 AM 15

    Stakeholders in Nigeria’s electronic business sector plan to meet this week to examine the impact that advances in broadband development is having on e-business in the West African country. The forum plans to examine critical success factors regarding e-business adoption in Nigeria such as improved broadband penetration, pervasive e-payment services