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Latest News

Powering Nepad: six projects to kickstart the renaissance

By: Martin Zhuwakinyu     21st July 2003 Africa is an irony in many ways, but the energy sector is perhaps one of few in which the irony is most telling. 

Trade imbalance between SA, Iran to be explored

21st July 2003 Deputy Foreign Affairs Minister Aziz Pahad has urged the South African business sector to take advantage of the visit by the Iranian business delegation to “break trade barriers” in order to reduce the trade imbalance between the two countries. 

$250m to tackle organic pollutants

21st July 2003 The Global Environment Facility (GEF) announced on Friday that it is committing $250-million from 2003 to 2006 to help developing countries tackle persistent organic pollutants, a health and environmental threat that was addressed last week at an international meeting in Geneva. 

Earthlife prepares case against PBMR

By: Martin Czernowalow     21st July 2003 Environmental lobby group Earthlife Africa is preparing to lodge an appeal against the South African Department of Environmental Affairs and Tourism’s (DEAT) decision to give the go-ahead for the country’s first pebble-bed modular nuclear reactor (PBMR) last month. 

Standard established for donkey cars

21st July 2003 The standards-generating arm of the SABS, Standards South Africa, has produced the country’s first known standard for donkey cars. 

MTN sets up trust for employees

21st July 2003 South Africa's MTN said on Friday a trust had been set up to hold shares in Newshelf, for the benefit of employees – another step in the mobile operator's black economic empowerment moves. 

Fire-ravaged department warns of delays

21st July 2003 An investigation has been launched to establish the cause of the fire that broke-out last week in one of the office buildings of the Gauteng Department of Agriculture, Conservation, Environment and Land Affairs (DACEL), Glencairn. 

All metal industry unions in dispute

21st July 2003 All six trade unions, representing workers in the metal and engineering industry, are in dispute with the Steel and Engineering Industries Federation of South Africa (Seifsa), over key issues in wage-bargaining negotiations. 

Minister urges partnerships for growth and development

21st July 2003 Labour Minister Membathisi Mdladlana said at the weekend that stimulating growth, job generation, skills development and the reduction of unemployment as well as poverty were urgent challenges facing the country. 

Fears subside as steel imports fall

By: Terence Creamer     18th July 2003 Steel imports, which shot up dramatically in March, moderated in April, quelling fears that South Africa was facing a significant surge in steel imports on the back of the stronger rand. 

VW to double output at Chinese plants

18th July 2003 German automotive manufacturer Volkswagen has announced plans to double the annual capacity currently available at its Chinese factories from 800 000 to 1,6-million vehicles over next five years. 

Rwanda to privatise tea factories

By: laurian clemence     18th July 2003 The Ministry of Finance and Economic Planning in Rwanda is currently inviting bids for controlling interests in two tea factories and their related interests known as Mulindi and Pfunda. 

Kenya is set to commission third geothermal plant

18th July 2003 Kenya is expected to more than double its geothermal energy capacity when a third station begins producing 64 megawatts of geothermal power by October, an industry official said on Wednesday. 

Dutch team aims to overhaul Nigerian telecoms

18th July 2003 A Dutch management team brought in to revamp Nigeria's ailing national telecommunications firm said it would push ahead with radical plans to revamp the company, including efforts to recover $325-million in unpaid bills from such customers as the government and military. 

Atlas Copco sees bright demand outlook

18th July 2003 Swedish machinery and compressor maker Atlas Copco AB posted better-than-expected second-quarter profits yesterday and issued a more upbeat near-term outlook, boosting its shares. 

$700m methanol plant project advances

By: Martin Czernowalow     18th July 2003 South Africa’s national oil and gas agency PetroSA, through its joint venture with Transworld Exploration, as well as three other international companies, have agreed to jointly develop a floating large-scale fuel-grade methanol plant. 

Probe launched into Transnet scrap contract

18th July 2003 A forensic audit investigation is to be conducted into the allocation of a non-ferrous scrap metal contract by transport utility Transnet. 

Expo designed to boost business in E Cape

17th July 2003 A business promotion event for manufacturers, suppliers, entrepreneurs and investors looking to boost business and trade will be held at the Small Business Overdrive Exhibition 2003 in Port Elizabeth, Nelson Mandela Bay, from October 23 –25. 

SA seeks equal access to communication technology

17th July 2003 Government will continue to advance the objective of universal service to enable ordinary people to access modern communication technology, says communications minister Ivy Matsepe-Casaburri. 

Another official resigns from Public Enterprises

17th July 2003 The Department of Public Enterprises announced yesterday that Deputy Director-General and Head of Restructuring Malixole Gantsho had resigned to pursue interests in the private sector. 

Surplus to weigh on maize price

17th July 2003 South African maize prices are expected to extend their recent slide this week as a huge surplus weighs on a market that is much more expensive than US benchmark levels, traders said yesterday. 

R3,8bn for airport upgrades

By: laurian clemence     17th July 2003 The Airports Company Sooth Africa (ACSA) yesterday announced that it would be spending R3,8-billion on various airport upgrades between the 2004 and 2008 at most of its airports across the country. 

Greater traffic volumes boost ACSA

By: Martin Czernowalow     17th July 2003 A strong surge in nonaeronautical activities boosted revenues of Airports Company South Africa (ACSA) by 19%, to higher than the budgeted R1,589-billion for the year ended March 31. 

Number of building plans passed falls

17th July 2003 Statistics South Africa (StatsSA) announced yesterday that the seasonally adjusted real value of building plans passed (at constant 2000 prices) for the three months ended May 2003 decreased by 9,5% compared with the previous three months. 

SA economy more competitive than that of US, EU – Erwin

By: Martin Czernowalow     17th July 2003 Minister of Trade and Industry Alec Erwin urged South Africans to change their mindset about the country’s economy, saying it had become a leading trading force within Africa and is currently more competitive than the economies of Europe and the US. 

SA economy proves resilient – report

17th July 2003 In its latest economic forecast for South Africa, the Bureau for Economic Research (BER) points out that the economic slowdown during the first half of the year has been stronger than expected. 

New infrastructure thrust at World Bank

16th July 2003 The World Bank Group last week approved a new Infrastructure Action Plan, signaling a reinvigorated embrace of infrastructure development by the institution. 

Push on to boost trade capacity of poor states

16th July 2003 A commitment to assist in the effective integration of least developed countries (LDCs) into the multilateral trading system and the global economy has been reaffirmed. 

Botswana to build oil-storage facilities

By: laurian clemence     16th July 2003 The Botswana government is calling for proposals for the construction of storage facilities for diesel and oil near the capital city of Gaborone. 

Telkom begins search for new CFO

16th July 2003 South African telephone utility Telkom announced yesterday that its CFO Anthony Lewis, will be returning shortly to SBC Communications as Vice President - Finance, SBC Southwest. 

SA to send trade delegation to Egypt

16th July 2003 Foreign Affairs Minister Nkosazana Dlamini-Zuma says South Africa is poised to send a trade delegation to Egypt to improve trade relations between Pretoria and Cairo. 

New offshore field production

16th July 2003 New offshore field production in Nigeria French oil major Total said yesterday it was starting production at its Amenam/Kpono oilfield offshore Nigeria. 

Sugar and aluminium group expects loss

16th July 2003 South African sugar and aluminium group Tongaat-Hulett became the country's latest exporter to warn that operations would be hurt by the rand's strength, saying yesterday it expected a half-year loss. 

Big renewable energy meet set for SA

By: Martin Czernowalow     16th July 2003 The Southern African regional Renewable Energy and Energy Efficiency Partnership (REEEP) meeting is set to take place in Magaliesburg, west of Johannesburg, from July 20 to 22. 

SA launches new trade commission

16th July 2003 The new International Trade Administration Commission (ITAC) was formally launched by the South African government yesterday. 

SA to run short of peak power capacity by 2007

By: Martin Czernowalow     16th July 2003 In a bid to promote energy efficiency in South Africa, power utility Eskom, the Department of Minerals and Energy and the National Electricity Regulator will launch the National Energy Efficiency Week, to be held from July 21 to 25. 

Employment equity survey shows mixed results

16th July 2003 Companies bewail the shortage of affirmative action (AA) candidates for management level, yet only 44% of respondents to the recent Employment Equity survey published by international auditing firm Deloitte & Touche have a retention strategy in place for AA employees. 

Engineering strike looms as pay talks stall

16th July 2003 South Africa's engineering sector is bracing itself for a strike, the first in five years, after annual wage negotiations between employers and labour deadlocked yesterday. 

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