R/€ = 16.49 Change: -0.15
R/$ = 13.92 Change: -0.09
Au 1290.87 $/oz Change: -0.33
Pt 937.50 $/oz Change: 3.50

Kim Cloete

Oil prices still struggling but huge potential ahead for Africa

26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

US Energy Secretary defends its stance on nuclear and clean coal

26th October 2017 US Energy Secretary Rick Perry has defended the US government’s suggested pivot towards clean coal and nuclear energy, saying nuclear and coal producers had been discriminated against in the Obama era. “Basically, we’re saying the government is going to be fair to nuclear and coal . . . no... 

US to strengthen energy partnerships in Africa, says US Energy Secretary

25th October 2017 US Energy Secretary Rick Perry says his government is committed to strengthening its energy partnerships with African countries, but has called for a clear and transparent regulatory environment. “There is no more important message that governing bodies can send to both the US government and the... 

Outa accuses Eskom consultants of ‘gambling’ with public money

19th October 2017 The Organisation Undoing Tax Abuse (Outa) has alleged that Eskom consultants Trillian Capital Partners have been “dabbling” in derivatives and losing billions of rands in the process. “Trillian has been dabbling in derivatives with our public money, racking up losses of R27-billion,” Outa... 

‘Absolutely no need' for nuclear, Dames says in State-capture testimony

18th October 2017 Former Eskom CEO Brian Dames has revealed that he faced a breakdown in communication between the board and management, as well as death threats during his time at the state utility.  He has also told Parliament’s Portfolio Committee on Public Enterprises that there is "absolutely no need" for... 

Evidence of blatant corruption at Eskom unpacked at Parliament’s inquiry into State capture

17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has kicked off its inquiry into alleged State capture with a report revealing “overwhelming evidence of grand corruption”, governance failure and a stream of irregularities at Eskom, South Africa’s largest State-owned entity. Research... 

Key witnesses in State capture inquiry will need to face the music, warns parliamentary committee chair

17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has started its keenly awaited inquiry into allegations of State capture, with a warning that key witnesses will not be allowed to shy away from appearing before Parliament. “We have a right to subpoena a witness if we think that witness has... 

Blockchain technology set to shake up business in Africa

13th October 2017 The advent of blockchain technology is set to radically change the way businesses operate, several speakers at the Thomson Reuters Africa Summit have said. “Blockchain is so much more transformative than even the Internet revolution because it allows you to transact,” said media and marketing... 

Africa urged to set the trends in digital innovation

13th October 2017 African countries have the potential to set trends rather than follow them in a world dominated by hurtling changes in information technology (IT), delegates attending the Thomson Reuters Africa Summit have heard. Digital and technology transfer expert Lee Naik said over 300-million customers... 

Political change could spark a surge in investment, says Goldman Sachs

12th October 2017 South Africa has the potential to achieve a 3% economic growth rate, and 5% in the medium term, if the constitutionalists in the African National Congress (ANC) are elected to lead the country, says Goldman Sachs Southern Africa MD Colin Coleman. “With the right leaders in the right... 


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