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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Nkomazi SEZ posited to bolster Mpumalanga’s industrialisation

8th January 2019 The recent designation of the Nkomazi Special Economic Zone (SEZ), in Mpumalanga, is expected to contribute considerably to the economic and industrial development of the Nkomazi region and the province at large. This is according to Trade and Industry Minister Dr Rob Davies, who designated the... 

Ascot Resources to acquire IDM Mining

8th January 2019 IDM Mining and Ascot Resources have entered into a definitive arrangement agreement that will result in Ascot acquiring all of the issued and outstanding common shares of IDM. Each IDM shareholder will be entitled to receive 0.0675 of a common share in Ascot for each share in IDM held. 

Copper demand to outstrip production – Fitch

7th January 2019 Fitch Solutions Macro Research, a unit of Fitch Group, expects the global copper market will see a persistent undersupply over the coming years, as global consumption, driven by China’s power and infrastructure sectors and increasingly by rising electric vehicle production, continues to outpace... 

Texton’s shareholders vote against share repurchase

7th January 2019 Shareholders of Texton Property Fund have voted against the repurchase of shares in terms of the put option related to Texton’s 2014 broad-based black economic empowerment (BBBEE) deal, the company noted in a statement on Monday. Under the terms of the transaction, Texton Broadbased Empowerment... 

Carmeltazite recognised as a new and rare mineral

7th January 2019 Middle Eastern precious stone exploration company Shefa Yamim on Monday announced that carmeltazite, a mineral found in one of its gemstones, the carmel sapphire, has been recognised and approved as a new mineral by the International Mineralogical Association (IMA) Commission on New Minerals,... 

Global Business Services incentive to bolster youth employment opportunities

7th January 2019 The Global Business Services (GBS) incentive, which came into effect from January 1, will create employment opportunities for the youth in South Africa, says Trade and Industry Minister Dr Rob Davies. He notes that the opportunities will be especially in the areas of medium to high complexity... 

Kingon’s term as Sars acting Commissioner extended for 90 days

14th December 2018 Finance Minister Tito Mboweni has reappointed Mark Kingon as acting Commissioner of the South African Revenue Service (Sars) for a further 90 days, beginning December 13, or until such date as a new Commissioner for Sars is appointed by the President. Section 7 of the Sars Act empowers the... 

Fourways office park goes solar

14th December 2018 To convert Willow Wood Office Park, in Fourways, Gauteng, to using solar energy, Heartwood Properties has partnered with SolarSaver, which offers a rent-to-own model that does not require any capital outlay, to reduce the building’s footprint and save on electricity costs. All indications are... 

Firestone recovers 46 ct diamond at Liqhobong

14th December 2018 Firestone Diamonds has recovered a 46 ct white diamond, from its Liqhobong mine, in Lesotho. The diamond was recovered undamaged and will go on sale at the next tender, which is scheduled to take place at the end of January 2019. 

SACAA suspends CemAir’s air operator certificates

14th December 2018 CemAir can no longer operate as an airline or air operator or fly any of its 21 aircraft, following a decision by the South African Civil Aviation Authority (SACAA) to suspend two of the airline’s air operator certificates (AOCs). The suspension became effective at around 15:30 on December 13. 

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