State Owned Transnet News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mediation between financial services group Nedbank and State-owned Transnet, in respect of interest rate swap transactions (swaps) between the parties that took place in December 2015 and March 2016, and which have been widely reported in the media for many years, has ended after it became apparent that there is no likelihood of resolving the matter amicably despite extensive engagements, Nedbank informs in a statement. Nedbank says it participated in the mediation process, which was a confidential, facilitated negotiation, in an attempt to resolve the dispute between the parties amicably and ...

Mid-tier openpit mining company Afrimat has reported a 4.9% year-on-year increase in revenue from R4.7-billion to R4.9-billion for the financial year ended February 28.  Speaking at the company’s year-end results presentation on May 18, in Johannesburg, Afrimat CEO Andries van Heerden said the company’s results were supported by its diversification strategy.  

The South African economy is limited to 1.5% potential growth a year because there is no productivity growth. National productivity has declined for five years in a row, highlighting the economy's structural constraints, including in a lack of energy security and logistics capacity, mining industry body Minerals Council South Africa outgoing CEO Roger Baxter told delegates at a recent media briefing. "Unless we stabilise energy availability and get logistics working to transport investment and value to the rest of the economy, we will not get the economy back on track," he said.

The South African economy is limited to 1.5% potential growth a year because there is no productivity growth. National productivity has declined for five years in a row, highlighting the economy's structural constraints, including in a lack of energy security and logistics capacity, mining industry body Minerals Council South Africa outgoing CEO Roger Baxter told delegates at a recent media briefing. "Unless we stabilise energy availability and get logistics working to transport investment and value to the rest of the economy, we will not get the economy back on track," he said.

South Africa was an anchor country in United States-Africa policy but Zimbabwe remained a continuing challenge and an increasing concern to Pretoria because President Robert Mugabe showed little willingness to open the political environment and allow free and fair elections. But while South Africa wanted political and economic stability with reform in Zimbabwe, South African