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Latest News

Sacu-US free-trade talks resume this week

By: Terence Creamer     14th October 2003 Trade observers will be paying close attention to events in Washington, DC, this week as negotiators from the Southern African Customs Union (Sacu) and the US get set for their third round of free trade agreement (FTA) talks, which begin today. 

Botswana health ministry in UPSs upgrade

14th October 2003 With the help of power supplies equipment specialist, Meissner, and with the completion of their new premises in the middle of 2004 the Botswana Ministry of Health will have a new and reliable network of uninterruptible power supplies (UPS) in place. 

SA engineering firm hands over Swazi project

14th October 2003 Engineering company Grintek Aviation Systems officially handed over its latest project at Matsapha International Airport in Swaziland last week. 

City Power awards switchgear contract

14th October 2003 Power technology company, ABB’s medium voltage division has won the annual contract for the supply of secondary switchgear to City Power. 

Aluminum project finds few friends in Patagonia

14th October 2003 In a long, skinny country like Chile, location is usually a matter of north or south. 

Ford, Mazda to invest $500m in Thailand

14th October 2003 Ford Motor Company and joint venture partner Mazda plan to invest about 21-billion baht ($535-million) over the next three years to expand capacity at their plant in Thailand, the US automaker said yesterday. 

New Bok skin

By: Zonika Botha     13th October 2003 Twenty teams from different corners of the world are to compete for rugby’s holy grail – the William Webb Ellis trophy – at the 2003 Rugby World Cup, which kicks off in Sydney, Australia, on October 10. 

Report highlights ethical lapses in SA companies

By: Martin Czernowalow     13th October 2003 A report released by the Ethics Institute of South Africa (EthicSA) on Friday reveals that many businesses in South Africa do not actively implement ethics management, a trend that constitutes a ‘significant ethical risk’. 

WBHO grows earnings for 12th consecutive year

13th October 2003 Construction group Wilson Bayley Holmes-Ovcon’s (WBHO) headline earnings increased by 26,3 %, to R100,9-million (182c per share), for the year ending June 2003. 

Durban to host World Road Congress

13th October 2003 The 22nd PIARC World Road Congress is set to take place for the first time in sub-Saharan Africa, at Durban’s International Convention Centre from October 19 to 25. 

Prof Krish Bharuth-Ram appointed chair of NNR

13th October 2003 Professor Krish Bharuth-Ram, of the University of Natal's School of Pure and Applied Physics, was recently appointed chairperson of the National Nuclear Regulator (NNR) for the period Sept 1, 2003, to August 31, 2006. 

Spescom and BT conclude marketing deal

13th October 2003 Telecoms firms British Telecommunications and multi-national technology innovator Spescom have concluded an agreement in London last week that allows BT to reduce its contractual volume commitment for Ntelite, while reinforcing the relationship between the two companies under an international... 

CSIR launches new Open Source Centre for SA

13th October 2003 The Council for Scientific and Industrial Research (CSIR) at the weekend launched an Open Source Centre as part of broader endeavors aimed at stimulating the adoption of Open Sources Software Technologies in Africa. 

China underpins stainless steel growth

10th October 2003 The International Stainless Steel Forum (ISSF) says that growing demand from China is underpinning production growth for the metal, which is expected to expanded by 5,8% during 2003. 

Samancor restarts SA silicomanganese plant

10th October 2003 South Africa's major ferro-alloys producer Samancor has restarted production at its Metalloys silicomanganese plant in South Africa, the company said yesterday. 

FirstRand unveils BEE procurement strategy

By: laurian clemence     10th October 2003 South African banking group FirstRand yesterday unveiled a black economic empowerment (BEE) procurement strategy in Midrand, alongside an exhibition of BEE companies involved in the initiative. 

SA adds 121 000 ha to protected areas

By: Martin Czernowalow     10th October 2003 South Africa’s Minister of Environmental Affairs and Tourism, Valli Moosa, yesterday announced the approval of the proclamation of 121 000 ha of land for addition to South Africa’s national parks. 

Barloworld receives sustainability accolade

10th October 2003 South African industrial goods company Barloworld has been rated among the top performing companies in the industrial goods category on the Dow Jones Sustainability World Index (DJSI World) for the second year in succession. 

David Mabunda appointed SANParks CEO

10th October 2003 The South African National Parks Board this week announced the appointment of David Madoda Mabunda as the new chief executive officer of SANParks. 

SA economy has no staircase-Mbeki

10th October 2003 South Africa is operating within two economies with no connecting staircase, President Thabo Mbeki said at a Black Management Forum (BMF) conference in Cape Town yesterday. 

Enviro group slams ‘rushed’ radioactive policy process

By: Martin Czernowalow     9th October 2003 Environmental lobby group Earthlife Africa is calling for the public hearings into finalising a policy on radioactive waste, which were launched this week, be “opened for proper public participation”. 

Moz going downstream with aluminium - Chissano

By: Martin Creamer     9th October 2003 Mozambique is taking steps to go downstream with aluminium, president Joachim Chissano revealed yesterday. 

World steel body calls for ban on subsidies

9th October 2003 The International Iron and Steel Institute (IISI) Board, which met earlier this week, have called on governments to ban any subsidies to the steel industry either for the creation of new capacity or for the maintenance of existing steel operations. 

Taxi recap hits another speed bump

By: Martin Czernowalow     9th October 2003 As a result of an application for an urgent court interdict brought against the South African National Taxi Council (Santaco) and government in the Pretoria High Court yesterday, government did not sign the anticipated memorandum of understanding (MoU) with Santaco on the taxi recapitalisation... 

New institute for technology managers

9th October 2003 A non-profit institute for professionals involved in operations management technology in the manufacturing and services industries has been launched in South Africa. 

Transnet seeks to set up Aids management system

By: laurian clemence     9th October 2003 South Africa’s State-owned transport utility, Transnet, has issued a tender for service providers to submit proposals for the provision of a care service for HIV/Aids management within the company and its subsidiaries. 

Gauteng releases draft housing plan

By: laurian clemence     9th October 2003 Following a meeting in Johannesburg this week, which focused on housing and urbanisation challenges in Africa, the Gauteng Housing Department released details of a draft strategic plan for housing in the province. 

US oil giant hopes to extend Angola block agreement

9th October 2003 US oil giant ChevronTexaco hopes to continue pumping oil from Angola's lucrative block 0 beyond the current agreement which lasts until 2010, a senior official at its subsidiary CABGOC said on Wednesday. 

Cell giant sells stake to Egypt

9th October 2003 Vodafone Egypt has initialled a deal to sell a stake in its equity to state-owned Telecom Egypt, the country's fixed-line provider, a Vodafone spokesman said on Wednesday. 

Altech 'surprised' by competition-body ruling

9th October 2003 Technology group Altech responded with surprise to a recommendation by the Competition Commission against its acquisition of NamITech. 

Angola's Sanha to hit 100 000 b/d by 2007

8th October 2003 US oil giant ChevronTexaco expects its Sanha oilfield in Angola to produce 100 000 barrels a day by 2007, a senior official at its subsidiary CABGOC said on Monday. 

Shuttleworth makes three new investments

By: Jill Stanford     8th October 2003 Mark Shuttleworth’s venture capital company HBD has invested in a further three companies during 2003. 

Poor management still SA’s core productivity challenge

8th October 2003 A seven-country survey released yesterday concludes that while South Africa's labour productivity remains lower than that of the other countries surveyed, but that its rate of improvement was faster than anywhere else. 

Namibia targets SA tourists

By: laurian clemence     8th October 2003 The Namibian Tourism Board (NTB) is seeking an organisation to help it develop a marketing strategy to position and grow tourism in Namibia with particular emphasis given to developing Namibian tourism from South Africa. 

Seifsa appoints new president

8th October 2003 The Steel and Engineering Industries Federation of South Africa (Seifsa) appointed new office bearers at the federation’s annual general meeting held in Johannesburg yesterday. 

Business leader raises concern over US-Sacu trade talks

By: Terence Creamer     8th October 2003 Outgoing Steel and Engineering Federation of South Africa (Seifsa) president Doug Keet has raised questions about the current free trade agreement (FTA) talks between the US and the Southern African Customs Union (Sacu). 

Strong rand hurting metals sector

8th October 2003 Turnover in South Africa’s metals industry rose 17,7% in 2002 to over R166-billion from R141-billion in 2001, outgoing Steel and Engineering Federation of South Africa (Seifsa) president Doug Keet reported earlier in the week. 

ABB wins R12m contract from City Power

8th October 2003 Power and automation technology group ABB announced that it has received an order valued at R12-million for power factor correction (PFC) capacitor banks from City Power. 

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