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New Joburg–Musina passenger train service launched
Published: 23 Feb 18
South African transport minister Joe Maswanganyi on Friday launched a new passenger train service between Johannesburg and Musina for long distance-travelers to commute directly between Gauteng and Limpopo. At the official launch at Johannesburg Park Station, Maswanganyi said that the intention of the department of transport was to provide cheap and affordable public transport.
More Gupta-owned companies apply for business rescue More Gupta-owned companies apply for business rescue
Published: 23 Feb 18
More Gupta-linked companies have filed for business rescue, company documents show. This comes shortly after the family's Optimum mines filed for business rescue earlier this month. This leaves their creditors holding a particularly busy bag of cats.
Exxon, BHP axe lengthy sale of 50-year-old Australia oil fields
Published: 23 Feb 18
Two of the world’s biggest energy producers have abandoned the sale of some of Australia’s oldest oil fields after running a 20-month sales process. Exxon Mobil and BHP Billiton will retain ownership and operation of fields, licenses and associated infrastructure held in the Gippsland Basin Joint Venture after concluding a sale process, Exxon’s Esso Australia unit said Friday in a statement. The two companies reached a joint decision not to progress with the sale of offshore assets owned by the venture, a BHP spokesperson added in an email.
Poland's PGE says facing delays in coal-fuelled Opole power plant
Published: 23 Feb 18
Poland's biggest power producer PGE said two units at its coal-fired Opole power plant will be completed a few months later than planned, potentially delaying the country's biggest infrastructure investment since 1989. The plant in the south-west of Poland is expected to help avoid power shortages after 2020, when some of the country's existing, but outdated plants will have to be shut down.
Dragon Mining updates ore reserves
Published: 23 Feb 18
ASX-listed Dragon Mining has completed an update of its ore reserves, increasing its total proved and probable reserves to 2.32-million tonnes, grading 3.1 g/t gold for 232 000 oz – the highest tonnage level since Dragon started activities in the Nordic region. The updated reserve represents an overall increase of 29% in tonnage and 22% in gold ounces.
Tanzania internet users hit 23m; 82% go online via phones – regulator
Published: 23 Feb 18
The number of internet users in Tanzania rose by 16% at the end of 2017 to 23-million, with the majority of those using their handsets to go online, the telecom industry regulator said on Friday.    Mobile phone use has surged in Tanzania and other African countries over the past decade, helped by the launch of cheaper smartphones and data services.    
Fitch says South Africa's budget partly reverses fiscal deterioration
Published: 23 Feb 18
South Africa's budget reverses some of last year's fiscal deterioration but poor finances of state-owned companies remain a major risk to fiscal targets, ratings agency Fitch said on Friday. In a budget announced on Wednesday, the Treasury said value-added tax would be raised for the first time in 25 years, part of efforts to cut the deficit and stabilise debt.
Competition Commission prohibits Airlink-Safair merger, companies to challenge ruling
Published: 23 Feb 18
The Competition Commission on Friday said that it prohibited the proposed merger between SA Airlink and Safair Operations because the transaction was likely to result in a substantial prevention of competition. SA Airlink is the largest independent regional airline in southern Africa and operates a feeder network linking smaller towns and regional centres in South Africa, in a strategic alliance with South African Airways (SAA).
Union threatens protest action at defence group Denel Union threatens protest action at defence group Denel
Published: 23 Feb 18
Trade union Solidarity warned on Friday that its members at State-owned defence industrial group Denel were ready to start protesting at the company. This follows the response by Public Enterprises Minister Lynne Brown to a recent urgent letter to her from Solidarity about, in the union’s words, “serious allegations of financial mismanagement and misrepresentations” made against the Denel group CEO, group CFO and board chairperson. The Minister’s reply, also in a letter, was that the union should continue to hold talks with the three officials. She had “delivered a blow to the workers at Denel by refusing to view in a serious light the numerous allegations” against the three senior Denel officials, the union stated in its press release. 
Planning commission outlines case for Eskom split in new energy document Planning commission outlines case for Eskom split in new energy document Has PDF
Published: 23 Feb 18
The National Planning Commission (NPC) has released a new discussion document on the energy sector, which reinforces the National Development Plan’s (NDP’s) “explicit” requirement for the system operations, planning, power procurement, purchasing and contracting functions within Eskom to be separated into an independent institution. The document was published this week ahead of proposed public consultations on energy sector reform, which will be held in Gauteng, the Western Cape and KwaZulu-Natal during March and April.
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