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Latest News

DTI cuts tyre-imports red tape

     9th August 2001 The Department of Trade and Industry (DTI) has heeded persistent complaints by the Tyre Dealers' Association (TDA) and promised to issue their delayed import permits immediately. 

Manuel calls for new developmental interface

     8th August 2001 South African Finance Minister Trevor Manuel has scolded private sector financiers for backing away from investment in local government infrastructure. 

Rwanda privatisation efforts move forward

     8th August 2001 The Rwandese power and water utility, Electrogaz, will have a new private management firm in the first half of next year, an official of the country's privatisation unit has said. 

Shipbuilders quantify offset promises

     7th August 2001 The consortium building the four corvettes for the South African Navy as part of the South African National Defence Force’s (SANDF) re-equipping programme has revealed that it is obliged to fulfil defence industry participation (Dip) and national industry participation (Nip) offsets,... 

SA in energy demand-management mode

     7th August 2001 The emission of nearly four-million tons of carbon dioxide into the atmosphere will be prevented over the next decade and, over an assumed 20-year lifespan, South Africa's efficient lighting initiative (ELI) will yield societal benefits valued at around R495-million with the penetration of... 

UK nuclear power shift could benefit SA

By: Keith Campbell     6th August 2001 IN a move that could be of great value to South Africa’s Pebble Bed Modular Reactor (PBMR) project, the UK Department of Trade and Industry (DTI) is indicating that a revival of nuclear power in Britain could be both economic and prudent 

SA ‘e-stainless’ study

     6th August 2001 A tender for a study to establish a method of increasing the marketing and distribution of South African stainless-steel products globally through collaborative e-business has been invited by the Fund for Research into Industrial Development, Growth and Equity (Fridge), a subcommittee of... 

SA-Moz plan for fuel-station roll-out

     6th August 2001 An agreement has been signed between Sasol Oil Mozambique and Petromo 

Can South Africa win the war against pollution?

     3rd August 2001 Cleaner air is still a long way off despite a public promise by Environmental Affairs and Tourism Minister Valli Moosa that new sulphur dioxide (SO2) laws would be in place by July. 

UK defence firm in R6,6bn SA offsets

     3rd August 2001 Although UK-based defence firm BAE Systems will deliver the first operationally-ready Hawk to the South African Air Force (SAAF) only in 2005, it has so far placed workshare contracts worth more than R6,6-billion over the next six years with South Africa’s aerospace and hi-tech industry, as... 

Competition body approves switchgear acquisition

     3rd August 2001 Technology group ABB South Africa, part of the global group, has been given approval by the Competitions Commission to acquire the assets of NEI Africa's Reyrolle switchgear business. 

Coega has merit as trans-shipment hub – study

     2nd August 2001 An independent study by Stellenbosch-based Maritime Education Research and Information Technology (Merit) has found that the Port of Ngqura is viable without the Coega Industrial Development Zone (IDZ) and that South Africa needs a deepwater container facility at the port. 

Blair bashes barriers to developing countries trade

By: Keith Campbell     1st August 2001 UK Premier Tony Blair wants changes to EU agricultural subsidies and trade tariffs to benefit developing countries 

State sticks to its telecoms guns

     1st August 2001 While South African telecommunication firms continue to wail and gnash their teeth, the Department of Communication stands firm on its policy directive issued last week. 

UK aero firm shoots down Denel speculation

By: Keith Campbell     31st July 2001 Aerospace firm BAE Systems has flatly denied a report in yesterday’s Financial Times that it is to pay R500-million for a minority share in South Africa’s state-owned defence group Denel. 

Valuable industrial areas being revitalised

     30th July 2001 A R102-million investment is under way to arrest the decline of an area which produces 40% of South Africa's total manufacturing output. 

WTO expands as leaders talk about new talks

     30th July 2001 Twenty-eight governments are currently negotiating the terms of accession to join the World Trade Organisation (WTO). 

Corporate goverance receiving more focus in Africa

By: Keith Campbell     30th July 2001 Corporate governance a new concept in Africa, because African capital markets themselves relatively new. Such markets important to Africa, and Corporate Governance needs African nuances. 

Bullet train from airport to Sandton in 12 minutes

     27th July 2001 Imagine travelling from Johannesburg International Airport (JIA) to Sandton in twelve minutes. 

Three SA telcos by 2002

     27th July 2001 In a departure from its previous policy the Communications Ministry is set to licence two operators in competition with Telkom after its period of exclusivity expires in May 2002. 

East London secures R100m for water projects

     27th July 2001 The Amatole District Municipality (ADM) in East London, in the Eastern Cape, has secured close to R100-million for water-services projects from external funders for this financial year. 

Stainless at vanguard of SA steel consolidation

     26th July 2001 The proposed Columbus-Acerinox deal hinges on formal written agreements being negotiated and concluded, the satisfactory completion of due diligence and the requisite approvals from the respective boards, stock exchanges and other regulatory authorities and third parties. 

Big African trade-facilitation plan

     26th July 2001 A World Bank project on trade facilitation, standards and economic development has been launched to help five African countries strengthen trade prospects. 

Telecom bombshell expected on Thursday

     25th July 2001 The much-awaited telecoms policy directive from the Department of Communications, expected for release on Thursday, is likely to deviate drastically from its policy direction issued earlier this year – this is anticipated to meet with mixed response. 

New SA acid plant by 2003

     25th July 2001 Following board approval, Merisol, the Sasol-Merichem joint venture, has announced its intention to build a plant to manufacture para-hydroxy benzoic acid (PHBA) in South Africa. 

State rail firm in R1bn capex rollout

     24th July 2001 State-owned rail corporation Spoornet plans to spend R1-billion on capital projects next year, much of which will go to the upgrading of locomotives. 

Moz sugar industry receives boost

     23rd July 2001 A new project guaranteed by the Multilateral Investment Guarantee Agency (Miga), a member of the World Bank group, will help rehabilitate and partially privatise Mozambique’s largest sugar estate, creating thousands of jobs and generating significant economic and social benefits in the... 

Car exports accelerate but component makers struggle

     20th July 2001 South Africa's motor industry development programme (MIDP) will probably be seen as one of the country's greatest economic success stories to date – a bestseller strategy aimed at ensuring that the country manufactures vehicles and components at internationally-competitive levels. 

SA must keep pace in nanotech race

     20th July 2001 A report released by Computer Sciences Corporation's thinktank, the Leading Edge Forum, predicts that one of the significant technological trends for the next three to seven years should come from nanotechnology; the ability to build things one atom at a time. 

Big gas search on in Saudi Arabia

     20th July 2001 UK-based BP energy group is to take a significant stake in a search to find and develop gas reserves in an area of more than 100 000 km2 in eastern Saudi Arabia. 

SA should not fear India FTA – Erwin

     19th July 2001 South African business has no reason to be nervous about the introduction of a free trade agreement with India, South African Trade and Industry Minister Alec Erwin told the inaugural ceremony of the Made in India Show being held in Johannesburg yesterday. 

Argentina default will hit SA

By: Keith Campbell     18th July 2001 SOUTH Africans should not lull themselves into a false sense of security – a default by Argentina will hit this country, along with all other emerging markets, warns a Buenos Aires economist. 

African engineering protocol signed in Harare

     18th July 2001 Engineers from various African states have signed a historic protocol of understanding at a regional meeting in Harare, Zimbabwe. 

R400m KZN agro-industry plan

     17th July 2001 Kwazulu-Natal’s Minister of Agriculture and Environmental Affairs Narend Singh has announced investment proposals of more than R400-million for Makhathini Flats, a remote area in the north-east of the province. 

Africa pins down eight development priorities

     16th July 2001 The New African Initiative, a merger of the Millennium Partnership for the African Recovery Programme and the Omega Plan, has identified eight so-called priority sectors which African leaders hope will eradicate poverty, place the continent on a path of sustainable growth and development, and at... 

Contract manufacturing services’ revenue set to double by 2005

     16th July 2001 Contract manufacturing services will continue to grow for the foreseeable future. IDC, a global market intelligence and advisory firm, maintains that the worldwide market will more than double from $103-billion in 2000 to $231-billion in 2005. 

National health threatened by crumbling sewerage systems

     13th July 2001 Several sewerage systems in many parts of the country are reportedly falling apart owing to crumbling infrastructure and poor management, posing a worrying threat to national health. 

Announcement on IT PPP expected soon

     13th July 2001 South Africa’s first information technology (IT) public-private partnership (PPP) is likely to be concluded in the last quarter of this year. 

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