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R11.6bn in fines and merger conditions secured since 2010, Patel reports

R11.6bn in fines and merger conditions secured since 2010, Patel reports

By: Terence Creamer     10th May 2018 Economic Development Minister Ebrahim Patel reports that R11.6-billion has been mobilised as a result of cartel settlements and conditions placed... 

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

By: Terence Creamer     14th March 2018 The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom

By: Terence Creamer     6th March 2018 South African steel and aluminium firms remain watchful and uncertain about the effects that a proposed increased US trade protection will have.... 

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Electricity intensive firms to approach Nersa for new job-saving tariff deal

Electricity intensive firms to approach Nersa for new job-saving tariff deal

By: Terence Creamer     16th August 2017 The Energy Intensive Users Group (EIUG) will approach the National Energy Regulator of South Africa (Nersa) before the end of September with a... 

Kumba lifts iron-ore output 23%, reinstates dividend, shares rise

Kumba lifts iron-ore output 23%, reinstates dividend, shares rise

By: Martin Creamer     25th July 2017 Iron-ore mining company Kumba Iron Ore on Tuesday reported a 23% increase in production in the six months to June 30 on the back of a productivity... 

Baker McKenzie South Africa Banking & Finance team advises Arcelormittal South Africa on borrowing base facility

Baker McKenzie South Africa Banking & Finance team advises Arcelormittal South Africa on borrowing base facility

2nd June 2017 Arcelormittal South Africa (AMSA) and its subsidiary, Saldanha Steel, have been granted a ZAR 4.5-billion revolving borrowing base facility with a... 

Davies promises support for downstream firms as he confirms steel safeguard duty

Davies promises support for downstream firms as he confirms steel safeguard duty 

By: Terence Creamer     8th May 2017 Trade and Industry Minister Dr Rob Davies confirmed on Monday that he had signed off on a hot-rolled coil (HRC) safeguard duty, but refused to be... 

Competition Commission is looking for precedent setting excessive pricing case

Competition Commission is looking for precedent setting excessive pricing case

25th April 2017 The South African Competition Commission recently referred a supplier of the main ingredient in bricks used in the construction of affordable... 

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