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Industry News

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Tribunal dismisses cement industry cartel case against NPC

A decade after the Competition Commission launched an investigation into a cement cartel, the matter has been finalised, with the Competition Tribunal this week  having dismissed a case of indirect price fixing and market division against Natal Portland Cement Cimpor (NPC).   The cement industry cartel case stemmed from a commission investigation launched in 2008, […]

Treasury has to change its thinking around public transport, says Van der Merwe

National Treasury has to change its attitude towards public transport, says Gautrain Management Agency CEO Jack van der Merwe. “If Treasury keeps on saying public transport is for the poor, we are dead. Powered by WPeMatico

Emira successfully converts Bolton property from offices to residential

JSE-listed real estate investment trust Emira Property Fund and its partner Feenstra Group have completed the residential conversion of The Bolton, in Rosebank. Following the two-year development, Emira confirmed that more than 95% of the apartments have already been let. Powered by WPeMatico

Afrimat Construction Index gains some traction in third quarter

The Afrimat Construction Index (ACI), a composite index of the level of activity in South Africa’s building and construction sectors, increased by 5.1% quarter-on-quarter in the third quarter. Economist Dr Roelof Botha, who compiles the ACI on behalf of construction materials, industrial minerals and bulk commodities provider Afrimat, on Thursday said it was encouraging that […]

Promoters of Maputo and Richards Bay LNG terminals insist projects can be complementary

The promoters of liquefied natural gas (LNG) import terminals at Maputo, in Mozambique, and Richards Bay, in South Africa, insist that the two proposed projects can be complimentary rather than competitive as there is sufficient existing demand and growth potential in the region to support both initiatives. In early December, Total and Gigajoule signed a […]

Govt delaying AMSA’s inevitable demise, says Neasa

The National Employers’ Association of South Africa (Neasa) says government is not helping anyone by endeavouring to keep ArcelorMittal South Africa’s (AMSA’s) Saldanha Steel Works plant open. “Over and above the 20% duties preventing the downstream steel industry from importing cheaper and better quality steel, the Department of Trade, Industry and Competition (DTIC) is taking […]