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Industry news

Amazon outage due to hardware failure

Amazon.com Inc’s websites in Europe suffered an outage for more than half an hour in what the company said was a hardware failure in its European data centre network. |||
London – Amazon.com Inc’s websites in Europe suffered an outage for more …

Japan shares end up 0.8 pct

Japanese shares ended up 0.80 percent following gains on China’s stock markets that came in spite of new measures by Beijing to tighten credit. |||
Tokyo – Japanese shares ended up 0.80 percent on Monday following gains on China’s stock markets…

Chinese firm offers $100m deal for Aurora

A Chinese state-owned mining company is prepared to buy 65 percent of Aurora Empowerment Systems for a hefty sum. |||
Liquidator Enver Motala would not name the Chinese state-owned mining company that will buy 65 percent of Aurora Empowerment Sy…

Halewood to outdo Pioneer’s holdings

Halewood International’s South African unit wants to purchase KWV Holdings, which is considering a takeover offer from Pioneer Foods. |||
Halewood International’s South African unit wanted to purchase KWV Holdings, which is consideri…

Coega eyes power plants

The Coega Development Corporation is working on bringing on board numerous power generation projects that were delayed because of the economic downturn. |||
The Coega Development Corporation (CDC) is working on bringing on board numerous power g…

Sharemax attorneys form new company

Sharemax Investments’ attorneys Weavind & Weavind has registered a new corporate entity. |||
Sharemax Investments’ attorneys Weavind & Weavind, a 105-year-old firm that faces possible liquidation over its alleged illegal rele…

Merging firms must justify job losses

In mergers that result in job losses, the merging parties will have to show they have followed a rational process to arrive at the number of jobs to be lost. |||
In mergers that result in job losses the merging parties will have to show they hav…

Metrorail on schedule after strike

Commuters can expect Metrorail trains to be on track this week after a workers’ strike over new shift hours. |||
Johannesburg – Metrorail trains in Gauteng East and West were expected to resume on Monday following a strike by train control…

‘No work no pay’

The strike by Metrorail workers in Gauteng is illegal and workers will not be paid while they continue this action, says the Passenger Rail Agency of SA. |||
The strike by Metrorail workers in Gauteng is illegal and workers will not be paid whil…

Indian economy growth exceeds expectations

The Indian economy has grown at a rate above expectations and may touch an annualised 9 percent in the current fiscal year. |||
New Delhi – The Indian economy has grown at a rate above expectations and may touch an annualised 9 percent in the cu…