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Creamer Media Reporter

Banro appoints new CFO

10th July 2017 Democratic Republic of Congo-focused gold miner Banro Corporation has appointed Rory Taylor CFO. Taylor is a senior finance executive with over 18 years of international public company experience. 

Jaycor sells 53% stake to black-owned equity firms

7th July 2017 Provider of specialised cables, connectors, infrastructure and related active components Jaycor International has sold a 53% stake in the company to black women-owned investment company Moshe Capital and private equity investment firm Sanari Capital. Jaycor founders and executive directors own... 

Tigers Realm now owns 100% of Amaam project

7th July 2017 ASX-listed Tigers Realm Coal (TIG) has through a heads of agreement with its joint venture (JV) partners, taken over 100% ownership at the Amaam North coking coal project, in far east Russia. Through the $25-million, 20-year transaction, JV partner B.S. Chukchi Investments, will convert its 20%... 

Wesgro to host water loss conference in Cape Town in 2018  

7th July 2017 The International Water Association's (IWA’s) 2018 Water Loss Conference will be held in Cape Town from May 7 to 9, 2018.   The conference, which will be hosted by Wesgro, will be held at the Century City Conference Centre and Hotel and is expected to attract over 500 participants from more than... 

CSIR collaboration leads to the first locally manufactured aluminium valve

7th July 2017 The Council for Scientific and Industrial Research’s (CSIR’s) collaboration with local butterfly valve manufacturer Paltechnologies (Paltech) has resulted in the successful development of a standard 80 mm diameter aluminium butterfly valve for use on electrical power transformers. The Paltech... 

Icasa CEO placed on ‘precautionary suspension’

6th July 2017 The Council of the Independent Communications Authority of South Africa (Icasa) on Thursday said CEO Pakamile Pongwana has been placed on precautionary suspension pending an undisclosed internal disciplinary process. Icasa COO Willington Ngwepe will take over the position’s responsibilities until... 

Sugar industry strike avoided – Uasa

6th July 2017 Uasa on Thursday said a strike in the sugar industry had been averted following the conclusion of an across the board wage agreement. The Sugar Industry Bargaining Council and Uasa this week finally agreed to a 7.5% increase, to be implemented from April 1, after hitting an impasse in May with a... 

M&A involving sub-Saharan Africa reach highest level in four years

6th July 2017 The value of announced mergers and acquisitions (M&A) transactions involving sub-Saharan Africa during the first half of this year has reached $18.1-billion – the highest first-half level since 2013. Thomson Reuters’ quarterly investment banking analysis for the sub-Saharan Africa region found... 

Central Asia Metals H1 copper output in line with previous year

5th July 2017 London-based Central Asia Metals is on course to achieve its production guidance of 13 000 t to 14 000 t of copper cathode this year, executive chairperson Nick Clarke said on Wednesday. The Kounrad dump leach, solvent extraction and electro-winning copper recovery plant, in Kazakhstan, produced... 

Redefine sells Delta stake to women-led BEE consortium in R1.45bn deal

3rd July 2017 JSE-listed Redefine Properties has sold its 22.8% stake in Delta Properties to a women-led black economic empowerment (BEE) consortium in a R1.45-billion vendor-funded transaction. Black females own 51% of the consortium, with the balance of the shares held by Delta’s management and staff, of... 

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