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Latest News

M&R wins big iron-ore stacker reclaimer contract

28th January 2003 Engineering and contracting group, Murray & Roberts, has been awarded the complete mechanical and structural site erection of three iron-ore stacker reclaimers in Saldanha Bay. 

SA property firm in Kiev management contract

28th January 2003 South African property company, Old Mutual Properties, is set to embark on the second phase of a facilities management consulting contract for the owners of Ukraine’s best-known retail complex, Univermag Ukraina, in Kiev. 

UN official slams IMF for withholding Malawi aid

28th January 2003 United Nations AIDS chief Stephen Lewis has slammed the International Monetary Fund (IMF) for withholding aid money from the African state of Malawi while AIDS and hunger ravage its impoverished people. 

Free trade talks between US and five Central American countries start

28th January 2003 The United States and five Central American countries began talks Monday on a free trade argreement, which would eliminate tariffs and other barriers to trade in goods, agriculture, services, and investment. 

Sacob to support US-Sacu trade talks

By: Keith Campbell     28th January 2003 The South African Chamber of Business (Sacob) is in the process of forming a working group to co-ordinate business input into the negotiations of a free trade agreement between the Southern African Customs Union (Sacu) and the world’s largest economy, the US. 

Corruption busting: Lesotho in brave fight against graft

By: Martin Zhuwakinyu     27th January 2003 The multibillion-rand Lesotho Highlands Water Project (LHWP), which transfers huge quantities of water from the rugged peaks of the Mountain Kingdom to the industrial heartland of South Africa, has always fitted the current stereotype of large dams – that they are massive, expensive and,... 

Science bodies set up global alliance

27th January 2003 Representatives from nine leading science and technology institutions from around the world met in New Delhi, India, on January 20 and 21 and agreed to establish a “Global Research Alliance” (GRA) with the objective of applying a “global knowledge pool for global good through... 

Sasol commissions new R1bn alcohol plant

27th January 2003 South African synthetic fuel firm Sasol said last week it had commissioned its new R1-billion alcohol plant at Secunda, near Johannesburg. 

Coega issues big IT tender

27th January 2003 The Coega Development Corporation (CDC) is inviting requests for proposal from companies in the IT sector to advise in the design and development of information and communications technology (ICT) infrastructure for the multi-billion rand Coega industrial development zone (IDZ). 

State to develop asbestos position

27th January 2003 South Africa is to take a consolidated stance on asbestos-related matters – one that it and the continent will present at the "Chrysotile Asbestos Cement Products - Scientific Review on Health and Environment Aspects and Economic Relevance" conference in New Dehli, India, on March 5 and 6. 

Enviro study for KZN ferrochrome project starts

By: Martin Czernowalow     24th January 2003 A scoping process, as part of an environmental impact assessment (EIA), is to be conducted for the proposed high carbon ferrochrome smelter, planned by Tata Iron and Steel Company. 

Cape Town releases biodiversity strategy

24th January 2003 Cape Town, one of only three cities in the world that rank as urban biodiversity 'hotspots', is to get a comprehensive strategy to preserve its unique natural assets. 

SA mobile operator completes $120m Nigeria backbone

24th January 2003 South African mobile operator MTN Group said on Wednesday it had completed a $120-million project to build a high capacity digital microwave transmission backbone in Nigeria. 

Sasol director to head industry body

24th January 2003 A Sasol oil director has been elected chairperson of the South African Petroleum Industry Association (SAPIA), a body that until recently refused membership to the South African-based petrochemical group. 

Civil engineering sector launches HIV effort

24th January 2003 The South African Federation of Civil Engineering Contractors (SAFCEC), the National Union of Mineworkers and the Building Construction and Allied Workers Union this week entered into a landmark agreement to fight HIV/Aids in the civil engineering industry. 

EU will not stand in way of US-Morocco trade talks

24th January 2003 The European Union, which plans to gradually lift trade barriers with Morocco, will not try to block free trade talks between the North African country and the US, a top EU official said on Wednesday. 

IMF praises SA’s economic management

24th January 2003 The International Monetary Fund (IMF) has praised South Africa’s economic management, saying the country was poised to achieve 3% economic growth in 2003. 

Now US in Morocco free-trade move

23rd January 2003 The United States formally began free-trade talks this week with the moderate Muslim state of Morocco, which it praised as a close ally in its war on terrorism. 

Plan to reform aid strategy for Africa

23rd January 2003 Last week, the countries and organisations making up the Strategic Partnership with Africa (SPA) committed themselves to an agenda to increase their aid to Africa, and to improve its efficiency and quality. 

Trade, investment reform will help cushion Egypt - World Bank

23rd January 2003 Liberalising trade and improving the investment climate will boost growth in Egypt and reduce the impact of external shocks to the economy, such as a war against Iraq, the World Bank's chief economist said on Tuesday. 

Countries meet to probe Congo Basin development

23rd January 2003 Country-representatives gather in Paris, France, this week for the first international meeting of the Congo Basin Forest Partnership - an economic development and conservation program for six Central African countries that was launched in September 2002 at the World Summit on Sustainable... 

Consulting engineers warn of looming skills shortage

By: Zonika Botha     23rd January 2003 An ageing consulting engineering resource, an increase in emigration and a lack of new entrants, especially from previously disadvantaged communities, could spell serious trouble for future South African and African growth. 

Iscor shareholders give LNM more time to consult

23rd January 2003 Facing opposition to its partial offer for South Africa's Iscor, LNM Holdings won investor approval yesterday to adjourn a shareholders' meeting, allowing time for more talks with minorities. 

Gautrain EIA expanded to include new info

23rd January 2003 Findings of the environmental impact assessment (EIA) study, conducted around Gauteng communities who will be affected by the proposed Gautrain project, are expected in mid-February. 

Twelve UK firms in SA trade mission

23rd January 2003 Representatives of 12 British companies will promote products as diverse as pharmaceutical goods, telecommunications equipment and packaging materials when they visit Johannesburg and Cape Town on a trade mission from February 9 to 15. 

Efforts to reduce SA-Finnish trade imbalance

22nd January 2003 Concerted efforts are under way to reduce the trade imbalance between South Africa and Finland culminating in the visit of a trade delegation to South Africa in February to be led by Finnish Foreign Trade Minister Jari Vilen. 

Telkom listing dates to be set soon

22nd January 2003 South Africa said on yesterday it would announce details of the timing for the initial public offering (IPO) of State-controlled phone utility Telkom – the government's landmark privatisation – within about ten days. 

Contract awarded for historic Thai canal study

22nd January 2003 The Thai government has awarded a contract to a Hong Kong firm to conduct a feasibility study into building a canal across the kingdom's southern isthmus to connect the Gulf of Thailand and the Andaman Sea, a news report said yesterday. 

Zimbabwe December inflation up to record 198,9%

22nd January 2003 Zimbabwe's annual inflation rate surged to an all time high of 198,9 percent in the year to December, up from 175,5 percent in November, figures from the Central Statistical Office showed yesterday. 

Nigeria gets two more bids for aluminium smelter

22nd January 2003 Two additional firms have expressed an interest in acquiring a 51% stake in the troubled Aluminium Smelter Co Nigeria (Alscon), Nigeria's privatisation agency said yesterday. 

Rains help SA farmers, not region

22nd January 2003 Rains over the last month helped South African crops, but the weather in neighbouring countries did little for farmers struggling to feed millions of people threatened by starvation, officials said on Monday. 

AIDS epidemic overshadows US-Africa trade

21st January 2003 Africa's devastating HIV-AIDS epidemic threatens to compromise the benefits it could reap from a trade deal to boost exports to the US, trade officials said. 

Komatiland bidders come forward

By: Martin Czernowalow     21st January 2003 South Africa’s Department of Public Enterprises (DPE) is proceeding with the privatisation of Komtiland Forests Limited, a wholly owned subsidiary of the South African Forestry Company Limited (Safcol). 

Estimates put SA crop output higher

21st January 2003 South Africa's latest estimates of wheat and maize production held firm yesterday, and the country's crop estimates committee said welcome rains could help maize production rise over the coming months. 

Competition body rules against airline

21st January 2003 A consent order in favour of the Competition Commission has been confirmed by the Competition Tribunal in the matter against South African Airlink and Hibiscus Coast Municipality, a local authority situated at the Margate Airport. 

Companies Act to be rewritten by 2004

By: Keith Campbell     21st January 2003 Deputy Trade and Industry Minister Lindiwe Hendricks says that the government hopes to finish "the project of re-writing the Companies Act by no later than 2004". 

Murray & Roberts sells Cape foundry

21st January 2003 Engineering and construction group, Murray & Roberts, has sold its Gearings Foundry in Cape Town to an international investor with supply interests into the local and global automotive industries. 

Architects briefed on Freedom Park project

21st January 2003 Lindiwe Gadd, CEO of Freedom Park Trust, yesterday briefed architects on how to register for the architectural design competition for the Freedom Park planned for Pretoria. 

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