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Latest News

Oprah donates $1m for campus residence

5th December 2003 Talk-show host Oprah Winfrey announced at a visit to Cida City Campus, South Africa’s first virtually free tertiary institution, that she will be donating $1-million to the campus to build an African style residence. 

Sacob worried that confidence is too narrowly based

By: laurian clemence     5th December 2003 The South African Chamber of Business (Sacob) announced yesterday that its business confidence index (BCI) for November continued to surge, rising to a record high in November of 119,7 this November, up from 116,5 in October. 

New empowerment funding force set to emerge soon

By: Terence Creamer     5th December 2003 The Department of Trade and Industry (DTI) is close to finalising the business plan for the National Empowerment Fund (NEF), which has previously been described as the a sleeping giant of black economic empowerment financing. 

Unions prepare for showdown with Iscor

5th December 2003 South African trade union Solidarity yesterday reported that it was set to clash with management at Iscor, following a rejection by the union of the steel giant's retrenchment plans. 

Contractor signs 30% BEE deal

By: nkolola halwindi     5th December 2003 Building contractor Stocks Building Africa (SBA) has signed an empowerment agreement with black economic empowerment (BEE) group Leswikeng Building, in which the latter has aquired 30% stake in the building contractor. 

ICT sector summit agreement is signed

By: Martin Czernowalow     5th December 2003 South Africa’s Minister of Communications, Dr Ivy Matsepe-Casaburri, along with representatives of business, organised labour and the community, yesterday signed the information and communication technology (ICT) sector summit agreement. 

US hosts African trade meeting next week

4th December 2003 The US government confirmed yesterday that ministers from 38 African countries will gather in Washington DC next week, for trade meeting. 

Bioinformatics firm backs UWC

4th December 2003 Electric Genetics (EG), a niche player in the global bioinformatics space, has made a payment of almost R1-million to the University of the Western Cape (UWC), its partner in technology development since 1997. 

Fish processor exports expertise to Argentina

4th December 2003 Highly developed, world class fish processing skills honed over years of experience in South Africa are being exported successfully to Argentina. 

Africa opens door to SA security technology

4th December 2003 The head security technology and solutions company, Intervid Africa, Brett Ludlam said yesterday that the surveillance industry is booming across Africa. 

Durban integrated into US anti-terror system

4th December 2003 US customs and border protection (CBP) commissioner Robert Bonner and Pravin Gordhan, commissioner of the South Africa Revenue Service, announced that the Container Security Initiative (CSI), an anti-terrorism initiative to secure cargo, became operational yesterday at the port of Durban, in... 

Sections of platinum toll-road to be opened soon

4th December 2003 The new and upgraded sections of the Bakwena Platinum Highway from its interchange with the PWV9 westwards to the outskirts of Rustenburg are due to open for tolling on December 10, 2003. 

SA presents converged telecoms vision

By: Martin Czernowalow     4th December 2003 Communications Minister Dr Ivy Matsepe-Casaburri has released for public comment the landmark Draft Convergence Bill, which is set to shake-up the local telecommunications industry and ensure far greater competition in the sector. 

Judge sets date for ABB Morocco plant hearing

4th December 2003 A New York judge has postponed until December 3 a hearing involving the sale of a Moroccan power plant by Swiss engineering company ABB, a court official said on Tuesday. 

Draft electricity charter calls for BEE fund

4th December 2003 The penultimate draft of a black economic empowerment (BEE) charter for the electricity industry is being circulated for comment, whereafter it will be rewritten and place before government. 

EIA approved for construction of N2 Wild Coast toll road

4th December 2003 Director-general of the South African Department of Environmental Affairs and Tourism Dr Crispian Olver has, this week, accepted the environmental-impact assessment for the construction of the N2 Wild Coast toll road and issued an authorisation and record of decision. 

Cabinet approves preferred bidder for Komatiland

4th December 2003 After a rigorous tender and evaluation process, the South African government has announced the appointment of Bonheur as the preferred bidder for the Komatiland forestry package, which forms part of State’s privatisation drive. 

IFC backs Kenyan soda-ash venture

3rd December 2003 The International Finance Corporation (IFC), the private sector affiliate of the World Bank, has signed an agreement to provide $26-million in loans - its largest investment in Kenya since 2000 – to soda ash company Magadi Soda. 

UN court rejects appeal on cell arbitration

3rd December 2003 The United Nations Permanent Court of Arbitration (PCA), which last week ruled that the arbitration process in the shareholder dispute between Econet Wireless International (EWI) and Econet Wireless Nigeria (EWN) should be taken out of Nigeria, yesterday rejected an appeal by the Nigerian company... 

SA rubber firm boasts strong African orders

3rd December 2003 Local rubber company Transvaal Rubber Company (Truco) revealed yesterday that, since June 2003, it has supplied more than 1 000 m2 of Trucotex into Ghana. 

Hulamin disappointed by US probe decision

3rd December 2003 South African based producer of aluminium rolled products Hulett Aluminium (Hulamin) yesterday expressed disappointment with the determination by the US International Trade Commission to continue the antidumping investigation against its exports of series-6000 aluminium plate to the US filed by... 

PE celebrates narrow-gauge-line centenary

3rd December 2003 State-owned railways utility Spoornet will this month be celebrating the 100 years of service of its narrow-gauge line in Port Elizabeth. 

Winning heritage-site bids to be announced

3rd December 2003 The Minister of Environmental Affairs and Tourism, Mohammed Valli Moosa, will announce the winning tourism investment bids for key sites in The Greater St Lucia Wetland Park tomorrow. 

Julies quits SABS

3rd December 2003 The Council of the South African Bureau of Standards (SABS) reported yesterday that it had agreed to the request from Eugene Julies for the early cessation of his contract as president and CEO of the organisation. 

PPC and Barloworld Logistics sign outsourcing deal

3rd December 2003 In a bid to deepen their already-strong supply chain business ties, PPC Cement and Barloworld Logistics have announced a five-year contract, worth R12-million, whereby the integrated logistics specialist will take over the management of most of the inbound logistics aspects of the supply chain... 

Omnia bullish on industrial chemicals business

By: Martin Czernowalow     3rd December 2003 Specialist chemical services group Omnia yesterday said the continued strengthening of the rand is expected to affect its margins in the future, particularly export margins and volumes. 

Big potential for SA firms in Latin America

3rd December 2003 The involvement by South African companies in Latin America is growing but further potential exists, was the message at a Latin American seminar held in Johannesburg last week. 

Opec unlikely to cut output as prices hold firm

3rd December 2003 Opec producers, bolstered by an upbeat world economy, gathered yesterday for a meeting this week that is expected to defer supply cuts as oil prices hold strong. 

Ngcaba leaves Department of Communications

3rd December 2003 South African Minister of Communications Dr Ivy Matsepe-Casaburri announced the imminent departure of the Department of Communications’ director-general, Andile Ngcaba, at a meeting with portfolio organisations’ CEO yesterday. 

Lower interest rates boost new vehicle sales in 2003

3rd December 2003 Statistics released this week by the National Association of Automobile Manufacturers of South Africa (Naamsa) revealed that Volkswagen South Africa led the new car passenger market for the month of November. 

China says records Africa trade surplus in 2002

2nd December 2003 China said on at the weekend it recorded a trade surplus with 45 African countries last year, with heavy machinery making up the bulk of its exports to the underdeveloped continent. 

Container Security Initiative for Durban port

2nd December 2003 South Africa will launch the Container Security Initiative (CSI) with its trade partner, the US, at the Port of Durban today. 

SA Post Office to shortlist bidders for upgrade tender

By: laurian clemence     2nd December 2003 The South African Post Office told Engineering News Online yesterday that it would release a shortlist of bidders this week of consultancy services tendering for the upgrade and renovation of its branches countrywide. 

Keops Altech changes name to Altech Informatics

2nd December 2003 Manufacturing execution and control systems provide to the South African processing industry Keops Altech has, with immediate effect, changed its name to Altech Informatics. 

Competition body gives go-ahead for Sasol-Exel merger

2nd December 2003 South Africa's Competition Commission said yesterday it had recommended the unconditional approval of a merger between Sasol Oil, the liquid fuels unit of energy group Sasol, and black-led group Exel Petroleum. 

KZN infrastructure project launched today

2nd December 2003 The Kwazulu-Natal MEC for Transport, S'bu Ndebele, will today perform the sod-turning ceremony for Main Road 253 and Imfule Bridge, at Obuka near Empangeni, to mark the start of a significant road infrastructure project in the province. 

Metalworkers’ unions to meet in Cape Town

2nd December 2003 Close to 400 delegates from trade unions associated with the International Metalworkers Federation (IMF) are expected to attend the organisation’s central committee meeting on December 3 and 4, in Cape Town. 

Oil tumbles as Opec signals no supply cut

2nd December 2003 Oil prices fell yesterday as Opec ministers said they expected Thursday's ministerial meeting to defer production cuts as fears of a price collapse early next year have eased. 

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