Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,387.60 +52.30 0.34%
S&P 500 1,669.16 +2.87 0.17%
Nasdaq 3,502.12 +5.69 0.16%
Ticker Volume Price Price Delta
STOXX 50 2,810.52 -11.13 -0.39%
FTSE 100 6,797.03 -6.84 -0.10%
DAX 8,453.92 -18.28 -0.22%
Ticker Volume Price Price Delta
Nikkei 15,627.30 +246.24 1.60%
Hang Seng 23,261.10 -105.29 -0.45%
S&P/ASX 200 5,165.37 -14.69 -0.28%

South Africa Approves 2 Billion-Rand Bio-Fuel Plant, Beeld Says

South Africa has approved tax incentives for a proposed 1.8 billion-rand ($238 million) bio- fuel plant that may start operating in 2014, Beeld reported, citing a statement by the Department of Trade and Industry.

The plant, situated at Cradock in the Eastern Cape province, will be majority-owned by the Industrial Development Corp. and will produce 100 million liters of bio-ethanol from sugar beet and sorghum, the Johannesburg-based newspaper reported.

To contact the editor responsible for this story: Robert Brand at rbrand9@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link