Struggling construction group Aveng has sold its pumps and valves business, Aveng Dynamic Fluid Control , for R165m, the company said on Friday.
The group has identified engineering, construction and maintenance contractor McConnell Dowell and Moolmans, one of Africa’s largest surface mining contractors, as core businesses. The group said Copaflo is a 100% black-owned investment company with interests in engineering and manufacturing.
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Kganyago describes expansion of central bank mandate as ‘noise’ | Business | M&G“They are conflating ownership with the mandate of the bank. The mandate of the bank is spelt out in the Constitution of the Republic. Also, they confuse it with independence and that independence is also spelt out in the constitution.'
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Hawks breakthrough in VBS investigation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Hawks are hoping to make a breakthrough in their investigation into VBS Mutual Bank after they raided and seized documents and computer hard drives at the Free State Development Corporation in Bloemfontein on Friday.
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Steinhoff appoints new CFO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South African retailer Steinhoff said on Friday that Philip Dieperink will step down as chief financial officer and will be replaced by Theodore de Klerk effective 1 September 2019.
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