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Latest News

PetroSA on BEE roadshow

By: Martin Czernowalow     1st July 2003 South Africa’s national oil company, PetroSA, yesterday began a series of roadshows to inform interested parties of its plans to sell a 9% share in its Sable Mining Lease project, located south-west of Mossel Bay. 

SA fixed-line competition inches nearer

1st July 2003 South Africa took another step towards creating a competitor for fixed-line operator Telkom yesterday, as regulator Icasa kicked off a review of shortlisted bids, aiming to recommend one by mid-August. 

Enviro consulting acquisition announced

1st July 2003 One of the world’s leading environmental consulting firms, Environmental Resources Management (ERM), has acquired South African environmental consultancy Ecobe, it was announced yesterday. 

Consulting engineers seek advice on empowerment

1st July 2003 The South African Association of Consulting Engineers (SAACE) announced yesterday that it has appointed the CSIR (Boutek) to compile a transformation strategy for the consulting engineering sector, which encourages a more sustainable approach to empowerment and human resource development. 

Cement usage rises in KZN

1st July 2003 The usage of cement and concrete in KwaZulu-Natal has outstripped the rest of the country, due to growth in the construction industry, a leading cement manufacturing company said. 

Opening the Cabinet door to the factory floor

By: Terence Creamer     30th June 2003 The South African government is putting together an audacious plan to link the factory floor directly with the Cabinet door. 

SA, France sign technical assistance agreement

30th June 2003 South African Foreign Affairs Minister Nkosazana Dlamini-Zuma and her French counterpart Dominique De Villepin held bilateral discussions in Parliament last week, before signing an agreement on technical assistance between the two countries. 

Enviro group to appeal PBMR EIA decision

By: Martin Czernowalow     30th June 2003 Environmental lobby group Earthlife Africa has expressed “shock and outrage” over 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) and said it would... 

R150m Rustenburg by-pass gets enviro go-ahead

30th June 2003 The environmental record of decision to begin construction of the R150-million Rustenburg by-pass has been issued to Bakwena Platinum Corridor Concessionaire, responsible for the financing, design, construction, operation and maintenance of the N1/N4 Bakwena Platinum Highway. 

Power utility welcomes PBMR EIA approval

By: Martin Czernowalow     30th June 2003 South African power utility Eskom said it welcomes the positive record of decision by the Department of Environmental Affairs and Tourism (DEAT) on the proposed pebble-bed modular reactor (PBMR) demonstration module, to be situated at Koeberg in the Western Cape. 

SA maize surplus grows

30th June 2003 South Africa had 1,1-million tons more maize in the first month of its new marketing season compared to a year ago, official data showed last week, giving the country a massive surplus that has helped drive prices sharply lower. 

Media group's earnings rise by 25%

30th June 2003 South African entertainment and media group Johnnic Communications (Johncom) on Friday announced audited financial results for the year ended 31 March, with headline earnings from ongoing operations reflecting a 25% increase, to R186-million. 

BEE strategy under fire

27th June 2003 The government's Black Economic Empowerment (BEE) strategy came under fire at Parliament on Wednesday, with both business and labour expressing serious concerns. 

New head appointed to petroleum body

27th June 2003 The South African national committee of the World Petroleum Congress (WPC) announced yesterday that managing director of Afric Energy Resources Zellah Fuphe, was appointed chairperson of the South African chapter of the organisation. 

South Durban pollution study given go-ahead

27th June 2003 Deputy Minister of Environmental Affairs and Tourism Rejoice Mabudafhasi, who is responsible for implementation of the multi-point plan, has given the go-ahead for the execution of the health study for the South Durban Basin. 

Egypt to boost aluminium output by mid-2004

27th June 2003 Egypt Aluminium reckons it will finish work on upgrading one of its pot lines by mid-2004, boosting output by 50 000 t a year at the country's sole aluminium producer, an official at the plant's state holding company Metallurgical Industries, said yesterday. 

Mali cotton output seen exceeding forecast

27th June 2003 Cotton output in West Africa's biggest producer, Mali, may exceed initial forecasts of 600 000 t for the 2003-04 season, state cotton firm CMDT said late on Wednesday. 

Civil sector slows, but big projects could buoy 2004

27th June 2003 Despite an expected contraction in the civil engineering industry during 2003 and early 2004, the sector could be set for renewed strong growth in the second half of next year should several large-scale infrastructure projects proceed, a newly released report by the South African Federation of... 

Big welding wire contract awarded

27th June 2003 South African company Arc Engineering announced yesterday that it has received an order valued at R1-million for the supply of 120 t of ESAB wire from Bell Equipment for the welding of truck bodies. 

PBMR's Koeberg EIA approved

27th June 2003 Director-general of Environmental Affairs and Tourism Dr Crispian Olver yesterday ruled that the environmental-impact of the proposed pebble-bed modular nuclear reactor (PBMR), at Koeberg, and the manufacturing and transportation of nuclear fuel to and from Pelindaba, was acceptable. 

SA cautious on EU farm policy changes

By: Martin Czernowalow     27th June 2003 The South African Department of Trade and Industry (DTI) expressed cautious optimism about the European Union’s (EU) agreement to reform the Common Agricultural Policy (CAP) that was announced yesterday. 

East Cape launches development plan

27th June 2003 Eastern Cape Premier Makhenkesi Stofile yesterday launched a ten-year provincial growth and development plan (PGDP), at the Good News Church, in King Williams Town. 

Mena economies need trade, investment reform - study

26th June 2003 The countries of the Middle East and North Africa (Mena) could ward off a major unemployment crisis in the coming years by expanding trade and private investment and generating millions of new jobs, a World Bank report claims. 

Big hitters for global telecoms gathering

26th June 2003 Information technology luminaries Bill Gates, John Chambers, Carly Fiorina, together with government ministers from around the world have registered to attend ITU telecom World 2003, to take place in Geneva, Switzerland, later this year. 

Coega IDZ deep in aluminium smelter talks

26th June 2003 The Coega Development Corporation (CDC) announced yesterday that it has entered final negotiations to secure the Pechiney aluminium smelter for the Industrial Development Zone (IDZ), while ramping up its marketing programme to attract other investors to the IDZ. 

Rental houses to be constructed in three provinces

26th June 2003 Thousands of rental housing units are soon to be constructed in KwaZulu-Natal, Gauteng and Mpumalanga following an agreement between government, the labour and private sectors. 

Bids invited for big West Coast gas line study

By: Martin Czernowalow     26th June 2003 South Africa’s national petroleum corporation, PetroSA, has announced its intention to prequalify tenderers to perform a full environmental-impact assessment (EIA) for a proposed West Coast gas pipeline. 

PPI down to 1,1%

26th June 2003 Year-on-year producer price inflation for all commodities sank to 1,1% last month from 3,3% in April, Statistics SA reported yesterday. 

Algeria studies Cimpor cement bid, Lafarge out

26th June 2003 Algeria said yesterday it will study a 41-million euro bid from Portugal's Cimpor for a 51% stake in a cement plant, after offers from French Lafarge for three plants were disqualified. 

Chinese steel sector benefits from construction

26th June 2003 Chinese steel stocks, which have enjoyed a modest rally since the start of the year, should head further north in the second half as booming growth and construction spurs demand at home, analysts say. 

ICT sector moves to set up BEE charter

By: Martin Czernowalow     26th June 2003 Stakeholders within the South African information communication technology and electronics (ICT-E) sector yesterday launched a process that will lead to the adoption and implementation of a black economic empowerment (BEE) charter for the industry, which should be finalised by early next year. 

Progress made in taxi recapitalisation

26th June 2003 Government says it is intending to make the taxi industry competitive in the broader public transport arena. 

Ethiopia gets backing for roads restoration

25th June 2003 The World Bank has announced the approval of a $126,8-million grant funding programme to assist the Ethiopian government to restore and expand the country’s road network. 

Canadian oil firm in Alaskan foray

25th June 2003 Talisman Energy launched its first foray into Alaskan oil exploration on Monday with a deal to join TotalFinaElf in drilling in the National Petroleum Reserve Area of the North Slope. 

Technology could boost public service delivery

25th June 2003 A research report commissioned by three government-linked agencies has revealed that many mobile and wireless technologies are ready to be implemented for public service delivery. 

Numsa slams Eskom’s wage offer

By: Martin Czernowalow     25th June 2003 The National Union of Metalworkers of South Africa (Numsa) has slated a final offer of a 9% wage increase from power utility Eskom, calling the proposal “disgusting and laughable”. 

Domestic steel offtake fell in O1

By: Martin Czernowalow     25th June 2003 Total domestic carbon steel sales declined by 12,7% during the first quarter of 2003, compared with the first quarter of 2002, the South African Iron and Steel Institute (SAISI) said in the latest edition of its quarterly newsletter ‘Steelnews’. 

Gauteng releases revised trade, investment strategy

By: laurian clemence     25th June 2003 Gauteng MEC for Finance and Economic Affairs Jabu Moleketi yesterday announced a revised Gauteng Trade and Industry strategy (TIS), originally launched in 1997, which is designed to broaden economic benefits in the province and address unemployment. 

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