Africa

South African logistics group Transnet has unveiled a R300 billion plan which is set to create almost 600,000 new jobs across the economy.

Sujen Padayatchi, managing director of Aspen Logistics Services, tells Jane Alverca why the company can stay cool under pressure better than any other player in the transportation industry.

South Africa-based high voltage power contractor CONCO expects to double its turnover within the next three years. Clive Pillay explains to Gay Sutton how the company is preparing to meet this enormous growth in demand.

Atlas Copco Ghana is at the hub of this global industrial technology group’s West Africa operations. Regional general manager George Apostolopoulos tells John O’Hanlon where the company is striking gold.

While some companies have decreased their investment in sports sponsorship, Old Mutual is finding it an effective tool to reach new frontiers.

The financial services provider has invited cyclists from emerging markets such as Kenya, Swaziland and Namibia to be part of the annual Old Mutual joBerg2c, the country’s longest paired mountain bike stage race, which takes place from 27 April to 5 May this year.

South African mining giant Gold Fields has acquired a 40 per cent interest in the gold-copper Far Southeast Project in the Philippines, it has been announced.

In September 2010, Gold Fields entered into two option agreements with Lepanto Consolidated Mining Company, which owns 60 per cent of Far Southeast; and Liberty Express Assets, which owns 40 per cent. The agreements granted Gold Fields an option to acquire a 60 per cent interest in Far Southeast for a total of $340 million.

Taste Holdings manages franchises, developing efficient and customer-focused brands tailored towards South Africa’s discerning diners and consumers of jewellery.

The franchise industry is booming in South Africa, thanks to changing consumer spending habits, an increase in innovation and a willingness to explore new ways of working.

Continental Coal has announced that Ntshovelo Mining Resources, the joint venture entity that operates the Vlakvarkfontein coal mine in South Africa, has executed a coal supply agreement with the state utility company, Eskom.

The agreement is for the supply of 720,000 tonnes per annum of thermal coal of quality suitable for some of Eskom's power stations over an initial three-year period which commenced on 1 March.