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Latest News

State launches Mpumalanga strawberry project

4th April 2003 The national department of provincial and local government has launched the Silobela Strawberry farm project in Nelspruit, Mpumalanga, which has created much-needed jobs for the local community. 

Saboteurs behind fuel crisis – Nigerian minister

4th April 2003 Nigeria's information minister repeated allegations this week that unnamed saboteurs were behind a six-week-old fuel shortage in Nigeria, which has led to snaking queues at petrol stations and caused severe congestion in major cities. 

Environmental judgement on PBMR expected this month

By: Martin Czernowalow     3rd April 2003 Amid much opposition, shareholders in South Africa’s pebble-bed modular reactor (PBMR) programme are hopeful that a record of decision will be handed down by the Department of Environmental Affairs and Tourism this month. 

New fee structure for national parks

By: Martin Czernowalow     3rd April 2003 In a bid to protect biodiversity and enhance conservation, South African National Parks (SANParks) has introduced a new daily conservation fee and loyalty card system. 

Oil still blocked from Nigeria's strife-torn region

3rd April 2003 Oil major ChevronTexaco said it would meet with local government officials in the Nigerian oil town of Warri today to discuss how it could restart production in the oil-rich western Niger Delta, after a serious outbreak of ethnic violence. 

Big wind-energy conference for Cape Town

3rd April 2003 The second World Wind Energy Conference & Renewable Energies Exhibition (WWEC 2003) takes place in Cape Town, in South Africa, from November 24 to 26, in an event that also marks the signing of the 100th contract for an exhibition at the illustrious new Cape Town convention centre. 

Call for local products to be specified in construction

3rd April 2003 Proudly South African has appealed to local and provincial government to ensure that local products are specified for construction projects, rather than more expensive imported materials. 

Italian energy group bids for Egyptian assets

3rd April 2003 Italy's biggest oil and gas group, Eni, has bid for natural gas assets in Egypt that energy group Edison had put on sale to help cut debt, an Eni source said yesterday. 

Draft report on Duvha explosion next week

By: Deborah Spicer     3rd April 2003 The draft report on the explosion at Eskom’s Duvha power station in January will be completed and made available for Eskom management comment next week. 

Two new Angolan oil discoveries announced

2nd April 2003 French oil giant TotalfinaElf and Angolan State oil company Sonangol announced yesterday two new oil discoveries in Angola's deep offshore Block 17, taking the total for the block to 15. 

FDI crucial source of developing country finance

2nd April 2003 Foreign direct investment (FDI) and migrant workers sending part of their paycheck back home have become more important sources of finance for developing countries than private lending. 

Big oil focus for Nigeria expo

2nd April 2003 The Nigoil 2003 exhibition, taking place between September 24 and 26 in Lagos, Nigeria, is a showcase and conference for West Africa’s oil, gas and petrochemical industries. 

Contracts worth R500m awarded for Coega IDZ

2nd April 2003 The Coega Development Corporation (CDC) has awarded R500-million worth of contracts in the industrial development zone (IDZ). 

R250m construction-village contract awarded

2nd April 2003 The Coega Development Corporation (CDC) has announced the award of what is believed to be one of the biggest construction village operation and management contracts in South Africa to date. 

SA to find SNO in 90 days – minister

By: Martin Czernowalow     2nd April 2003 The South African Minister of Communications, Ivy Matsepe-Casaburri, announced yesterday that government intends to find a second network operator (SNO) within 90 days. 

R4bn pumped-storage power project moves into design phase

By: Martin Czernowalow     1st April 2003 South African power utility Eskom Holdings is about to enter the first phase of final design of the proposed Braamhoek pumped-storage scheme, having recently completed the feasibility study for the 1 330 MW project. 

State to give plans for telecoms competitor today

1st April 2003 South Africa will give details today of its plans to invite bids for a 51% stake in a new full-service telecoms operator to rival newly listed Telkom. 

Strong growth for clay plaster bricks

1st April 2003 The Clay Brick Association (CBA) has reported that there has been a strong demand for clay plaster bricks over the last 18 months, and it is estimated that 75% of all bricks used for buildings are genuine clay bricks, when compared to other or substitute walling materials. 

Steel demand grew 17,7% in 2002

1st April 2003 Total domestic carbon steel sales increased by 17,7% in 2002 compared with 2001, says the South African Iron and Steel Institute (SAISI). 

Temane electrical contract awarded

1st April 2003 The instrumentation and electrical contract for the central processing facility (CPF) at the Temane gas fields, in Mozambique, has been awarded to B&W Instrumentation and Electrical, in a joint venture with Electrotec LDA of Maputo. 

WTO head disappointed by failure to meet farm talks deadline

1st April 2003 World Trade organization (WTO) Director-General Supachai Panitchpakdi yesterday expressed disappointment over the failure by WTO member governments to agree on a framework for future agriculture trade reform but said progress in the global trade negotiations can still be achieved provided... 

World Bank resumes operations in Angola

1st April 2003 The World Bank has approved two projects for Angola worth nearly $50-million, marking a resumption of Bank operations in the country for the first time since 2000. 

MTN gets $250m revolving credit

1st April 2003 South African mobile phone operator MTN has secured a $250-million four-year syndicated revolving credit facility to finance its operations in Africa, its bankers said yesterday. 

Maize price seen falling on supply, rand

1st April 2003 South Africa's maize market slid lower yesterday and looked set to extend a losing streak fuelled by oversupply and a strong rand during the week ahead, despite news of a relatively rare export order. 

Robben Island probes wave-power option

By: Joanne Delaurentis     31st March 2003 One of South Africa’s most famous World Heritage sites, Robben Island, could soon be supplied with electricity harvested from the treacherous waves that beat against the island. 

New Qatar gas field to supply GTL project

31st March 2003 Qatar said last week it had set up a company with US major Exxon Mobil Corp to invest an initial $1,1-billion to develop North Field, the world's largest gas field. 

California wine industry orders 40 SA tanks

31st March 2003 A marketing drive in the US has resulted in the first order for 40 wine tanks to be supplied to a number of wineries in the Napa Valley, California. 

Study outlines benefits of African river cooperation

31st March 2003 A new World Bank report claims that cooperating on managing Africa’s 60 international rivers can lead to benefits that extend far beyond the value added of the more efficient and equitable use of water resources. 

Power shortage may force closure of Ghana aluminium plant

31st March 2003 The Volta Aluminium Company in Ghana (Valco) may shut down in April because of low water levels at the Volta Dam which supplies its electric power, an energy industry source said last week. 

Brazil to build Aids drugs plants in Africa

31st March 2003 Brazil will build three plants to manufacture cheap anti-Aids drugs in Africa, offering a lifeline to millions of sufferers in the world's poorest continent, a senior African diplomat said last week. 

Big business broadly satisfied with SA's economic policies

30th March 2003 Big business was "broadly satisfied" with the government's fiscal and monetary policies, as well as its macro-economic policy and micro-economic programmes. 

US free trade talks continue apace - Mbeki

28th March 2003 Negotiations on a free trade agreement between Southern African nations and the United States are continuing apace, and have not been affected by the war in Iraq, President Thabo Mbeki said on Wednesday. 

IDC in 70 projects in 20 African countries

By: Martin Czernowalow     28th March 2003 The State-owned South African Industrial Development Corporation (IDC) sees itself as a force in continent-wide and regional initiatives aimed at repositioning Africa in the global economic arena and placing African countries, both individually and collectively, on a sustainable growth path. 

Africa's growth slowed in 2002

28th March 2003 Economic growth in Africa slowed to 2.8 percent in 2002 against 3.5 percent the year before, due to continent-wide and international issues, the head of the African Development Bank said Thursday. 

Anglo ponders apartheid reparations call

28th March 2003 South Africa's biggest firm Anglo American Plc said yesterday it was preparing for talks with the State, after a truth commission finding that big companies benefited from apartheid and should pay reparations. 

US funding for productivity project

28th March 2003 The South African National Productivity Institute (NPI) has initiated a project to create awareness of global competitiveness and to build South Africa’s productive capacity by training productivity coaches to address small-business needs. 

Fitch upgrades Sappi’s ratings

28th March 2003 International rating agency Fitch Ratings has upgraded Sappi Limited's short- and long-term national ratings to 'F1+(zaf)' and 'AA-(zaf)' (AA minus) respectively. 

New plans to develop foreshore sites in Cape Town

28th March 2003 The property arm of Transnet, Propnet, has plans to develop the foreshore of Cape Town that are designed to increase an already booming tourism industry, and boost the infrastructure of the historic Tavern of the Seas. 

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