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Megan van Wyngaardt

Megan van Wyngaardt

Megan van Wyngaardt is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Hulisani signs R26.5m deal to earn a stake in solar farm

21st April 2017 JSE-listed Hulisani has entered into a R26.5-million share sale agreement with Pravin Semnarayan and Gareth Warner to acquire 100% of the issued ordinary shares in holding company Momentous Technologies. Momentous is currently a 15% shareholder of Rustmo1 Solar Farm (RF) – a 7 MW solar... 

South Africa punching below its weight despite available opportunities – Frost & Sullivan

20th April 2017 Despite the political turmoil and fiscal downgrades facing the country, South Africa’s economy is set to grow by 0.8% this year, research firm Frost & Sullivan said on Thursday. In a webinar on its Global Economic Outlook 2017, Frost & Sullivan senior economist Craig Parker noted that economic... 

Sapoa says comments were ignored in new property Bill

20th April 2017 The South African Property Owners Association (Sapoa) says that while it supports the aims of the Property Practitioners Draft Bill, published for comment on March 31, the current version of the draft Bill does not take any of Sapoa’s previous recommendations into account. The Bill, which will... 

South Africa accounts for 59% of outbound M&A activity in sub-Saharan Africa

20th April 2017 The value of announced merger and acquisition (M&A) transactions, with any sub-Saharan African involvement, reached $10.1-billion during the first quarter of 2017, the highest opening quarter total in six years, research firm Thomson Reuters Africa has found. In its sub-Saharan African deals... 

Mastercard tests new biometric cards in South Africa

20th April 2017 South Africa is the first market to test payment technology provider Mastercard’s next-generation biometric card, which combines chip technology with fingerprints to conveniently and safely store a cardholder’s identity for in-store purchases. Two separate trials with retailer Pick ‘n Pay and... 

Tanzania export ban weighs on Acacia’s Q1 cash flow

20th April 2017 The Tanzania Ministry of Energy and Minerals’ decision to introduce a general ban on the export of metallic mineral concentrates has had a $33-million negative impact on Acacia Mining’s cash flow for the first quarter, ended March 31. The Ministry announced the ban on March 3, following a... 

CRG awaits second funding tranche from investor

20th April 2017 A second tranche of $500 000 in funding, which forms part of Central Rand Gold’s (CRG’s) $1-million loan agreement with investor Jia Bang Wang, has been delayed, the miner said on Thursday. The company explained that certain exchange restrictions had led to the delay, but that efforts were being... 

Banro completes recapitalisation programme

20th April 2017 NYSE MKT- and TSX-listed gold mining company Banro Corporation has completed its recapitalisation programme, resulting in the refinancing of its maturing $175-million senior secured 10% notes, due March 1, and a $22.5-million loan with $197.5-million of new secured notes. The company in January... 

Eskom pumps R4m into renewable-energy research at Stellenbosch

20th April 2017 To further fund research in the renewable-energy space, Eskom will, through its Power Plant Engineering Institute (EPPEI), donate a further R4-million to the Centre for Renewable and Sustainable Energy Studies (CRSES), based at Stellenbosch University. It donated R2.6-million to CRSES last year. 

Alphamin appoints Swanepoel, Baloyi to board; starts mine boxcut construction

20th April 2017 TSX-listed Alphamin Resources, which is developing the Bisie tin project, in the Democratic Republic of Congo, has appointed Bernard Swanepoel and Paul Baloyi to its board. Swanepoel currently also serves on the boards of miners Impala Platinum, Zimplats, eXtract Limited, African Rainbow Minerals... 

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