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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY
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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

PIC to support preservation of value as Concor enters voluntary business rescue

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State-owned investment management organisation the Public Investment Corporation (PIC) will support the preservation of value and a sustainable outcome after construction and opencast mining services company Concor entered voluntary business rescue. Concor’s board determined that the business was financially distressed and informed the PIC on October 6 that it was required to act and had filed for business rescue in terms of applicable provisions of the Companies Act, the PIC says.

PPC expects to report 20% to 38% higher interim HEPS

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JSE-listed cement and construction materials company PPC says it expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between 30c and 34.5c for the six months ended September 30. EPS and HEPS are expected to be between 20% and 38% higher than the EPS and HEPS reported for the interim period under review, the company says in a trading update ahead of publishing its results on November 16.

South Africa's private sector stays mired in contraction, PMI shows

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South Africa's private sector remained stuck in contraction in October as weak demand, higher fuel costs and port and shipping disruptions weighed on activity, a business survey showed on Thursday. The S&P Global South Africa Purchasing Managers' Index (PMI) held at 49.0 in October. The 50-point mark separates growth from contraction.

In rail reform milestone, Grindrod becomes first private TOC to run test train

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In a rail reform milestone, Grindrod has become the first private train operating company (TOC) to operate on South Africa's national freight rail network under the country's new open-access framework. The Transnet Rail Infrastructure Manager (TRIM) confirmed on November 3 that the inaugural test-train journey was completed on the North-East Corridor by the JSE-listed integrated logistics and shipping group.
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