On Tuesday 1st February, after years of delay, France’s Total and China’s CNOOC Ltd signed the Final Investment Decision (FID) to proceed with the East African Crude Oil Pipeline (EACOP) project. While heralded by the project proponents as a major breakthrough, the project is yet to secure all of the required financing. Now, four out of five of South Africa’s largest lenders … [Read more...]
Club together for Japanese victims
The people of Japan are still struggling to recover from the record breaking earthquake and tsunami that hit over there last week Friday. Thousands of people are dead and many more are still missing or injured. We are very happy to announce that Pick 'n Pay and ABSA have clubbed together to mobilize support for our brothers and sisters in Japan. From Friday 18 March 2011, … [Read more...]
