SA financial services group Decillion Ltd has opened a grain trading and hedging business to serve millers and other end users of grain. The initiative will be driven by Decillion Agri Services (DAS), which has been servicing the financial risk management needs of the agricultural sector since May 1999. ”Several of the smaller cooperatives have […]

SOUTH African retail group Edgars Consolidated Stores Ltd (Edcon) has divided its six-store retail chain into two distinct retail groups, one serving as a discount-speciality division known as United Retail, and the other one serving as a departmental brand store named Edgars. ”In certain towns various chain brands will be housed together in one store,” […]

THE Nigerian Senate will this week consider a five-pronged set of measures aimed at ending the perennial fuel shortages in the oil producing nation, including a review of some ongoing turnaround maintenance contracts for the four state-owned refineries. The measures also include the drawing up of a new plan for scheduled maintenance of the facilities […]

WHITE South Africans should not apologise about the injustices suffered by black people in the apartheid era if they were going to do so grudgingly, Archbishop Desmond Tutu said this week. Speaking during the Johannesburg launch of the paperback version of his book ”No Future Without Forgiveness,” the former Truth and Reconciliation Commission (TRC) chairman […]

MOST of Nigeria, including the commercial hub of Lagos, is without electricity following the collapse of the West African nation’s creaking electricity network system, power officials said. It is the fourth time this year that Nigeria’s electricity network has broken down. The power outage has further compounded Nigeria’s energy crisis, following shortages of refined petroleum […]

SA construction group Aveng Ltd has won High Court approval to purchase rival construction and engineering firm LTA in a deal worth up to R1.4bn. The deal, which effectively moulds Aveng into Africa’s biggest listed diversified construction and engineering firm, entails an offer of R46 in cash for each ordinary LTA share. LTA shareholders can […]

SOUTH Africa and Belarus have signed a trade and economic cooperation agreement on the first day of a visit by a Belarussian delegation headed by Foreign Minister Ural Latypov. SA Trade and Industry Minister Alec Erwin said it sets the basic starting point for a trading relationship which “we hope will lead to much more […]

OWN CORRESPONDENTS, Durban | Wednesday ANOTHER 34 cattle have tested positive for foot-and-mouth disease in KwaZulu-Natal’s midlands, dashing hopes of an early end to bans on South African agricultural products imposed since the outbreak of the highly infectious viral disease last month. The latest reported cases of infection came as members of the European Union’s […]

THE flamboyant owner of a Swazi premier league soccer club, Nkomazi Sundowns, has appeared briefly in the Mbabane Magistrate’s court in connection with being in possession of 63 bags of dagga. Charles Mashesha Nhlengetfwa, who is well known for his upmarket lifestyle and expensive cars, appeared in court with two players from the team and […]