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Creamer Media Reporter

Brown supports secondment of Victor Xaba as SA Express acting CEO

10th April 2017 Denel Aerostructures deputy CEO Victor Xaba has been seconded to serve as acting CEO of South African Express (SA Express), effective April 10. This follows after extensive consultations between the boards of Denel and SA Express, as well as the Department of Public Enterprises, and has the... 

Tiger secures senior finance facility repayment extension

10th April 2017 ASX-listed Tiger Resources has secured an extension for the first repayments on its $162.5-million senior financing facility. Taurus Mining Finance Fund, Resource Capital Fund and the International Finance Corporation have agreed to extend the date for payment of the first scheduled repayment... 

Africa’s first Radisson RED hotel to open in V&A Waterfront Silo District

10th April 2017 Africa’s first Radisson RED hotel is set to open in the third quarter of 2017 at the V&A Waterfront’s newly revamped Silo District, in Cape Town. The hotel chain, which successfully launched RED hotels in Brussels, Belgium, and Minneapolis, in the US, and with RED hotels in Campinas, Brazil, and... 

Bauba secures 20yr water-use licence for Moeijelijk

7th April 2017 JSE-listed Bauba on Friday announced that the Department of Water and Sanitation has granted a 20-year water-use licence (WUL), effective March 30, for the farm Moeijelijk 412. This is an upgrade from the general authorisation for water use, which limited the extent of Bauba’s chrome mining... 

Nonhedging farmers to lose thousands of rands per maize ton, says Standard Bank

6th April 2017 Maize producers are likely to lose up to R1 860/t , offsetting the third-largest production season on record, as 60% of producers chose not to hedge their prices and lost gains when grain prices reversed, says Standard Bank. It is expected maize production will rise to 14.32 million tons this year. 

Creamer Media deepens partnership with Security and Health and Safety events

6th April 2017 Creamer Media is a media partner for SECUREX 2017 (link to site) and for A-OSHEXPO 2017, taking place from 30 May to 1 June 2017, and will distribute special editions of Engineering News and Mining Weekly at these events.   

DTI approves R4.9bn in incentives for clothing, textile sector

6th April 2017 South Africa’s clothing and textile sector has saved thousands of jobs with the assistance of the Department of Trade and Industry’s (DTI’s) production incentives programme within the Clothing and Textiles Competitiveness Programme. The DTI approved R4.9-billion in incentives, with more than... 

DEA suspends activities at EnviroServ’s Shongweni landfill site

5th April 2017 The Department of Environmental Affairs (DEA) on Tuesday suspended the acceptance, treatment and disposal of waste at EnviroServ Waste Management’s Shongweni landfill site, in eThekwini, KwaZulu-Natal, which failed to comply with provisions of the law and conditions of its Waste Management... 

Cabinet reshuffle, downgrade concerns South Africa’s engineers – Cesa

5th April 2017 Consulting Engineers South Africa (Cesa) on Wednesday added its voice to those that have expressed concern over the latest Cabinet reshuffle and subsequent Standard & Poor’s (S&P’s) downgrade of South Africa to sub-investment grade. The industry association said the move risked exacerbating an... 

Fuzile confirms his 'imminent departure' from Treasury

5th April 2017 Highly respected National Treasury director-general Lungisa Fuzile has confirmed his imminent departure from the department. Fuzile’s contract was due to end in May 2018. However, prior to the axing of former Finance Minister Pravin Gordhan on March 31, the director-general requested a... 

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