Sherilee Bridge

Sherilee Bridge

Sherilee Bridge

 

Stratton won't return to SA, denies bribing Selebi

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Australian businessman John Stratton is fighting South Africa's plans to have him extradited in connection with the murder of mining magnate Brett Kebble. Currently living in Perth, Stratton is wanted by the Scorpions as an alleged co-conspirator in the brutal murder of mining magnate Brett Kebble in September 2005.

Eskom tariff decision quietly postponed

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The National Energy Regulator of South Africa has quietly postponed its final decision on Eskom's application for a 53% tariff hike to June 18. By Thursday the regulator had not yet posted notice of the change in its decision date on its website, despite the conclusion of this week's public hearings into the proposed tariff increases.

Mitsubishi mulls Pebble Bed investment

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Japanese engineering and heavy machinery maker Mitsubishi Heavy Industries is reportedly considering a ¥10-billion (R746,5-million) investment in South Africa's Pebble Bed Modular Reactor (PBMR). The investment would buy the Japanese company a stake of about 10% in PBMR.

Sasol shareholders okay R25,9bn BEE deal

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Petrochemicals giant Sasol on Friday said its shareholders had approved its planned R25,9-billion black economic empowerment (BEE) transaction. The world's largest producer of oil from coal announced its intention to conclude a broad-based BEE ownership transaction in respect of 10% of its issued share capital in September last year.

Replacing petrol pumps to take 'several months'

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The South African Petroleum Industry Association said the replacement of older petrol pumps, which are unable to reflect a price of more than R9,99, would take several months. Roughly 18 500 petrol pumps, or about 30% of all South Africa's pumps, need to be replaced. These pumps do not have digital readings.

Uranium deal to net Harmony R1,9bn

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Harmony Gold Mining will receive a foreign-capital injection equivalent to R1,9-billion once all the conditions precedent in the $420-million transaction with the Pamodzi Resources Fund have been fulfilled, Harmony CEO Graham Briggs said on Thursday. A new uranium player, Rand Uranium, will be established.