CAPE TOWN – Good morning. This is all the latest business news that you need to know today.
Africa’s largest technology service provider, EOH Holdings, is confident that it has overcome the problems of the past year and is setting its sights on growth plans after it delivered a refined strategy that will take the group into the next financial year.
The total amount Group Five's bank guarantee providers have paid to the Cenpower Generation Company for the $410 million (R5.88 billion) Kpone power plant in Ghana has swelled to $106.5 million.
Alexander Forbes new chief executive Dawie de Villiers has given himself until March to come up with a new blueprint to reinvigorate the company after its profit from continuing operations plunged 115 percent in the six months ended September on the back of a failed IT upgrade project.
The South African currency was temporarily boosted by stronger-than-expected mining and manufacturing production data, but pared gains in late afternoon trade as the US dollar strengthened on the back of higher-than-expected US producer inflation figures which fuelled optimism over the US economy’s strength.
Electronic Toll Collection (ETC), which in 2009 was awarded the original contract by the SA National Roads Agency (Sanral) for the Gauteng Freeway Improvement Project (GFIP), would continue to manage e-tolling until at least December 2 next year.
Disruptive property technology company HouseME has successfully closed its largest funding round to date and a leading national property development company being confirmed as the latest investor.
Civil construction activity levels were expected to decline still further early next year from already extremely low current levels.
BUSINESS REPORT ONLINE