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Nigeria becomes Africa’s biggest economy

Nigeria-Economy

Nigeria on Sunday became Africa’s biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country’s gross domestic product.

Posted: April 7th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Fossils show ‘weird’ mosaic of chimp-human traits

Pre Human-Creature

She walked with a knock-kneed gait, with a heel like a chimp but the upright posture of a human, and she may provide the most complete evidence yet of early man’s closest ancestor, scientists said Thursday.

Posted: April 12th, 2013 in Latest Business Stories,Science and Health | Read More »

De Beers invests in new South African diamond mine

de-beers

The world’s leading diamond company De Beers announced Friday a $2 billion investment in a new South African diamond mine that will begin production in 2021.

Posted: February 15th, 2013 in Latest Business Stories | Read More »

$340M Far Southeast Project deal facing delay

By

Listed Lepanto Consolidated Mining Co. and Gold Fields Limited of South Africa may have to wait longer than expected before completing their part of the $340-million deal involving the Far Southeast Project in Mankayan, Benguet province.

Posted: June 19th, 2012 in Headlines | Read More »

Tribal people’s agency gives South African mines go signal

The National Commission on Indigenous Peoples (NCIP) has allowed a South African mine venture to proceed with drilling operations on ancestral lands, after dismissing a January 27 petition for a writ of preliminary injunction filed by residents of Mankayan, Benguet.

Posted: April 23rd, 2012 in Latest Business Stories | Read More »

S. African firm eyes gold, copper projects in Philippines

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Harmony Gold Mining Co. Ltd., a gold mining company based in Randfontein, South Africa, is looking for copper-gold projects in the Philippines, according to a regional executive.

Posted: September 20th, 2011 in Latest Business Stories | Read More »

ICTSI out to widen presence in Africa

By

Port giant International Container Terminal Services Inc. (ICTSI) hopes to expand its reach even more by setting up a unit in South Africa to handle new assets on the continent. ICTSI in a disclosure earlier this week said the newly established ICTSI Africa (Pty) Ltd. would be its vehicle for expanding in the region. The [...]

Posted: September 16th, 2011 in Headlines | Read More »

Johannesburg unveils high-speed rail to Pretoria

By

JOHANNESBURG—The main line on Africa’s fastest railway opens Tuesday, shuttling commuters from Johannesburg to Pretoria at speeds up to 160 kilometers (100 miles) an hour – if they’re willing to leave their cars. The Gautrain has run between Johannesburg’s Sandton business district and the airport since just before the World Cup last year, but the [...]

Posted: July 31st, 2011 in Latest Business Stories | Read More »

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