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Latest News

UK nuclear power shift could benefit SA

By: Keith Campbell     6th August 2001 IN a move that could be of great value to South Africa’s Pebble Bed Modular Reactor (PBMR) project, the UK Department of Trade and Industry (DTI) is indicating that a revival of nuclear power in Britain could be both economic and prudent 

Can South Africa win the war against pollution?

     3rd August 2001 Cleaner air is still a long way off despite a public promise by Environmental Affairs and Tourism Minister Valli Moosa that new sulphur dioxide (SO2) laws would be in place by July. 

Competition body approves switchgear acquisition

     3rd August 2001 Technology group ABB South Africa, part of the global group, has been given approval by the Competitions Commission to acquire the assets of NEI Africa's Reyrolle switchgear business. 

UK defence firm in R6,6bn SA offsets

     3rd August 2001 Although UK-based defence firm BAE Systems will deliver the first operationally-ready Hawk to the South African Air Force (SAAF) only in 2005, it has so far placed workshare contracts worth more than R6,6-billion over the next six years with South Africa’s aerospace and hi-tech industry, as... 

Coega has merit as trans-shipment hub – study

     2nd August 2001 An independent study by Stellenbosch-based Maritime Education Research and Information Technology (Merit) has found that the Port of Ngqura is viable without the Coega Industrial Development Zone (IDZ) and that South Africa needs a deepwater container facility at the port. 

Blair bashes barriers to developing countries trade

By: Keith Campbell     1st August 2001 UK Premier Tony Blair wants changes to EU agricultural subsidies and trade tariffs to benefit developing countries 

State sticks to its telecoms guns

     1st August 2001 While South African telecommunication firms continue to wail and gnash their teeth, the Department of Communication stands firm on its policy directive issued last week. 

UK aero firm shoots down Denel speculation

By: Keith Campbell     31st July 2001 Aerospace firm BAE Systems has flatly denied a report in yesterday’s Financial Times that it is to pay R500-million for a minority share in South Africa’s state-owned defence group Denel. 

Corporate goverance receiving more focus in Africa

By: Keith Campbell     30th July 2001 Corporate governance a new concept in Africa, because African capital markets themselves relatively new. Such markets important to Africa, and Corporate Governance needs African nuances. 

Valuable industrial areas being revitalised

     30th July 2001 A R102-million investment is under way to arrest the decline of an area which produces 40% of South Africa's total manufacturing output. 

WTO expands as leaders talk about new talks

     30th July 2001 Twenty-eight governments are currently negotiating the terms of accession to join the World Trade Organisation (WTO). 

Bullet train from airport to Sandton in 12 minutes

     27th July 2001 Imagine travelling from Johannesburg International Airport (JIA) to Sandton in twelve minutes. 

East London secures R100m for water projects

     27th July 2001 The Amatole District Municipality (ADM) in East London, in the Eastern Cape, has secured close to R100-million for water-services projects from external funders for this financial year. 

Three SA telcos by 2002

     27th July 2001 In a departure from its previous policy the Communications Ministry is set to licence two operators in competition with Telkom after its period of exclusivity expires in May 2002. 

Big African trade-facilitation plan

     26th July 2001 A World Bank project on trade facilitation, standards and economic development has been launched to help five African countries strengthen trade prospects. 

Stainless at vanguard of SA steel consolidation

     26th July 2001 The proposed Columbus-Acerinox deal hinges on formal written agreements being negotiated and concluded, the satisfactory completion of due diligence and the requisite approvals from the respective boards, stock exchanges and other regulatory authorities and third parties. 

New SA acid plant by 2003

     25th July 2001 Following board approval, Merisol, the Sasol-Merichem joint venture, has announced its intention to build a plant to manufacture para-hydroxy benzoic acid (PHBA) in South Africa. 

Telecom bombshell expected on Thursday

     25th July 2001 The much-awaited telecoms policy directive from the Department of Communications, expected for release on Thursday, is likely to deviate drastically from its policy direction issued earlier this year – this is anticipated to meet with mixed response. 

State rail firm in R1bn capex rollout

     24th July 2001 State-owned rail corporation Spoornet plans to spend R1-billion on capital projects next year, much of which will go to the upgrading of locomotives. 

Moz sugar industry receives boost

     23rd July 2001 A new project guaranteed by the Multilateral Investment Guarantee Agency (Miga), a member of the World Bank group, will help rehabilitate and partially privatise Mozambique’s largest sugar estate, creating thousands of jobs and generating significant economic and social benefits in the... 

Big gas search on in Saudi Arabia

     20th July 2001 UK-based BP energy group is to take a significant stake in a search to find and develop gas reserves in an area of more than 100 000 km2 in eastern Saudi Arabia. 

Car exports accelerate but component makers struggle

     20th July 2001 South Africa's motor industry development programme (MIDP) will probably be seen as one of the country's greatest economic success stories to date – a bestseller strategy aimed at ensuring that the country manufactures vehicles and components at internationally-competitive levels. 

SA must keep pace in nanotech race

     20th July 2001 A report released by Computer Sciences Corporation's thinktank, the Leading Edge Forum, predicts that one of the significant technological trends for the next three to seven years should come from nanotechnology; the ability to build things one atom at a time. 

SA should not fear India FTA – Erwin

     19th July 2001 South African business has no reason to be nervous about the introduction of a free trade agreement with India, South African Trade and Industry Minister Alec Erwin told the inaugural ceremony of the Made in India Show being held in Johannesburg yesterday. 

African engineering protocol signed in Harare

     18th July 2001 Engineers from various African states have signed a historic protocol of understanding at a regional meeting in Harare, Zimbabwe. 

Argentina default will hit SA

By: Keith Campbell     18th July 2001 SOUTH Africans should not lull themselves into a false sense of security – a default by Argentina will hit this country, along with all other emerging markets, warns a Buenos Aires economist. 

R400m KZN agro-industry plan

     17th July 2001 Kwazulu-Natal’s Minister of Agriculture and Environmental Affairs Narend Singh has announced investment proposals of more than R400-million for Makhathini Flats, a remote area in the north-east of the province. 

Africa pins down eight development priorities

     16th July 2001 The New African Initiative, a merger of the Millennium Partnership for the African Recovery Programme and the Omega Plan, has identified eight so-called priority sectors which African leaders hope will eradicate poverty, place the continent on a path of sustainable growth and development, and at... 

Contract manufacturing services’ revenue set to double by 2005

     16th July 2001 Contract manufacturing services will continue to grow for the foreseeable future. IDC, a global market intelligence and advisory firm, maintains that the worldwide market will more than double from $103-billion in 2000 to $231-billion in 2005. 

Announcement on IT PPP expected soon

     13th July 2001 South Africa’s first information technology (IT) public-private partnership (PPP) is likely to be concluded in the last quarter of this year. 

National health threatened by crumbling sewerage systems

     13th July 2001 Several sewerage systems in many parts of the country are reportedly falling apart owing to crumbling infrastructure and poor management, posing a worrying threat to national health. 

Four shortlisted for Education PPP

     12th July 2001 The National Department of Public Works has issued tenders to four shortlisted consortia for the designing, financing, building, maintaining and management of the first-ever government accommodation by the private sector. 

Business confidence increasing again

By: Keith Campbell     11th July 2001 Sacob's Business Confidence Index registered a sharp upward move of 4,4 points in June, taking it to 108 points. 

Technology: a tool in human development

     11th July 2001 The 2001 Global Human Development report entitled ‘Making New Technologies Work for Human Development’ has ranked South Africa 39th in the world and a dynamic adaptor in terms of a technological achievement index. 

Two cattle projects to ‘beef’ up industry

     10th July 2001 Two new projects, which will boost the South African beef industry, have been launched by the Department of Arts, Culture, Science and Technology (Dacst) together with the Agricultural Research Council (ARC) and the Australian Centre for International Research (ACIAR). 

Leaders prepare to put Africa on world economic map

     9th July 2001 This week sees the launch of the Millennium Africa Recovery Plan (MAP), now merged with Senegal’s Omega Plan, at the Organisation of African Unity (OAU) summit in Lusaka, Zambia – an event which many are counting on to kickstart Africa’s economic renaissance. 

Black oil firms cry foul over state fuel tenders

     6th July 2001 Black-empowerment oil industry interests have called for a complete overhaul of the government fuel tendering procedure, which, they say, favours the large entrenched oil industry giants and effectively discriminates against smaller black-empowerment oil companies. 

Expert-body recommendations on California power crisis

     6th July 2001 A white paper issued by the Electric Power Research Institute (EPRI) presented technical recommendations for solving the power crisis that began in California last year and now involves the 11-state Western power grid, with the potential for expanding further. 

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