Business

 A Chinese automotive company has partnered with the Industrial Development Corporation to establish the country's first light vehicle manufacturer in more than 40 years. Beijing Automotive Industry Holdings has invested R196m in South

 Aggregate new vehicle sales in October reflected another encouraging performance in spite of the negative impact of the recent truck drivers strike. Industry association Naamsa says aggregate vehicle sales for October increased year on year

 Wool prices increased for a fifth consecutive week. Cape Wools market indicator gained another four percent to close on R108.63 p/kg for clean wool. Spokesperson Ona Viljoen, says this is an increase of 24% on the opening sale and 3.3

 The fifth sale of the 2012 winter mohair season on Tuesday ended on a low. Mohair South Africa says its market indicator shed 1.8% to close at R91.01p/kg. However, this was still 4% up year on year. Mohair SA says an unstable currency

 State oil company Petro SA has posted a net profit of R1.4b, a 54% increase year on year. Turn-over was over R14.4b. Petro SA says in the period under review, feedstock challenges resulted in the Mossel Bay Gas-To-Liquids Refinery

 There's been a sharp increase in wool prices at this week's sale compared with the previous week. Cape Wools says its merino indicators gained 8.3% to close at R96.86 p/kg for clean wool. Spokesperson, Ona Viljoen, says the steep rise in

 The East London Industrial Development Zone will receive a boost on Thursday with the announcement of another multi-million rand automotive investment. Details will be released later during SA Automotive Week in Nelson Mandela Bay. An

 2013 will see significant growth in vehicle exports. That's the word from the president of the National Association of Automobile Manufacturers of South Africa, David Powels who delivered the keynote address at the SA Automotive Week taking

Anglo American Platinum says it has sacked 12 000 workers taking part in an illegal strike. Amplats said on Friday that these workers had failed to make representations at disciplinary hearings which have been concluded. Spokesperson, Mpumi