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Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

South Africa’s rating under threat as economy enters recession

5th September 2018 South Africa’s slide into a technical recession in the second quarter is a timely warning and reminder for the country to get its economy in order, failing which it will lose its only investment grade rating, says Business Unity South Africa CEO Tanya Cohen. Moody’s Investors Service said in... 

Standard Bank PMI falls to 29-month low in August

5th September 2018 Operating conditions in South Africa’s private sector economy deteriorated for the second straight month in August, as business activity and input purchasing decreased in line with an accelerated drop in new orders, says Standard Bank in its Purchasing Managers’ Index (PMI) for August.... 

Sibanye-Stillwater concludes $450m convertible bonds tender process

5th September 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has announced the conclusion of its invitation to tender convertible bonds for purchase up to the aggregate principal amount of $50-million in aggregate purchase price to holders of its $450-million 1.8% guaranteed unsecured... 

Mpact trials aluminium, plastic recyclate construction board manufacturing

4th September 2018 Paper and packaging company Mpact is running manufacturing trials at its plant, in Benoni, Gauteng, to manufacture construction boards and pallets made from recycled aluminium and plastic. The aluminium and plastic are offcuts from liquid packaging that is recycled at the company’s paper mill in... 

Absa PMI falls to 18-month low in August

3rd September 2018 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) has declined from a solid 51.5 points recorded in July to 43.4 in August – its lowest recorded level in 18 months. The deterioration was driven by sharp declines in the new sales orders index, as well as the business activity index;... 

Go Life acquires Wellness Brands, other Ascendis Health assets

3rd September 2018 JSE-listed Go Life International and its subsidiary Go Life Healthcare have entered into two agreements with Ascendis Health, to acquire the Wellness Brands – the Biobalance, Foodstate, Osteoflex and Homeoforce brands – and 100% of the shares and claims in Sportron, Heritage Resources, Ascendis... 

Limpopo authorities approve amended EA for MC Mining’s Makhado project

3rd September 2018 The Limpopo Department of Economic Development, Environment and Tourism (Ledet) has approved amendments to coal miner MC Mining’s 2016 environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. MC Mining’s subsidiary Baobab Mining & Exploration, which... 

Tando ready to start 7.1 km drilling programme at South African vanadium project

3rd September 2018 ASX-listed junior miner Tando Resources has mobilised one reverse circulation and one diamond core drilling rig at its SPD Vanadium project, in South Africa’s Bushveld Complex, and is ready to start a A$1.4-million drilling programme. Assay results are expected to underpin strong newsflow over... 

Stellenbosch University receives R2.9m grant to develop fire engineering postgraduate degrees

3rd September 2018 Stellenbosch University’s Fire Engineering Research Unit (FireSUN) has received a grant of R2.9-million from Lloyd’s Register Foundation, to develop Africa’s first-ever postgraduate programme in fire engineering. This will help provide the expertise needed to keep the African continent safe in... 

Inequality, poverty worsening as broader unemployment rate rises – Uasa

3rd September 2018 Despite South Africa’s past goals and targets to find solutions to its unemployment crisis, such as the government’s plan to halve unemployment by 2014, the unemployment rate is not declining at all. Instead the number of unemployed people has increased from 6-million to 9.6-million between... 

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