Construction company WBHO got off lightly for collusive tendering. But co-accused, Murray & Roberts's Concor company, will not be as lucky.
The state has been caught between a brick and a hard place in its crackdown on long-running cartels in South Africa’s construction industry.
Recent results from South Africa's biggest construction firms have made it clear that delays in issuing large tenders are hurting the sector.
While Eskom nestles on a R50-billion pile of money, everyone from manufacturers to residents are reeling as rising electricity prices hit home.
The M&G's readers weigh in on COP17, Percy Zvomuya's article on the wealthy elite of European football, The New Age and more.
Government has an R808-billion arsenal which it plans to use on maintaining and improving the country's infrastructure over the next three years.
Murray & Roberts's two top executives pocketed millions and left the company with a nearly R2-billion loss, writes Lisa Steyn.
Zimbabwe has sacrificed one of its brightest hopes for economic recovery with its hardened approach on the takeover of foreign-held mines.
For those who suspected that the feel-good times of June last year would in time bring some nasty hangover after the party, here it is.
South African company Murray & Roberts on Wednesday said it was privileged to be part of the Chilean mine-rescue process.
SA firm Murray & Roberts has pulled out of a R5-billion contract in Dubai after failing to finalise "acceptable" terms with a client.
Murray & Roberts is planning to lay off 1 400 workers as tough economic conditions limit the firm's ability to expand, it was reported on Thursday.
Remuneration report shows chief executives are rolling in it.
China is proving a much more effective player in Africa than South Africa, writes Lynley Donnelly.
Mbhazima Shilowa was in Derby this week to take delivery of the first Gautrain carriages, but the focus will soon shift to the East Rand town of Nigel
Mining counters gave the JSE some extra momentum on Wednesday, pushing the bourse more than a percent higher by midday. At noon, the JSE's broader all-share index was 1,29% in the black, driven by a 5,45% rally in the platinum-mining index. Resources advanced 2,47% and the gold-mining index rose 1,07%.
The resources index kept the JSE in firmer territory by midday on Friday, enhancing the morning session's gains. At noon, the JSE's broader all-share index was up 1%, driven by the 1,75% advance in the resources index. The gold mining index recovered 0,06% but the platinum mining index gave up 0,23%.
The gold mining index and industrials helped perk up the JSE by noon on Thursday, helping it to reverse its losses from the morning session. By noon, the JSE's broader all share index added 0,62%. The gold mining index collected 1,86%, resources gained 0,35% but the platinum mining index pulled 0,96%.
The JSE recovered some of its earlier losses by midday on Wednesday, as gold and resource stocks started to lift the market despite the negative global sentiment. Higher oil prices overnight spurred inflation worries among world markets, after oil closed above $100, prompting a global sell off in equities.
The JSE remained firm at midday on Thursday, with platinum miners a feature following strong results from Impala Platinum earlier in the day. A 2% gain on Wall Street overnight and generally firm global bourses were also helping. By noon, the all-share index was 0,82% higher. Resources were 0,75% better and the gold-mining index advanced 0,90%.