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Latest News

Nigerian gas power plants contract awarded

14th December 2001 Royal Dutch Shell unit Shell Petroleum Development Company of Nigeria said it had won two power projects in Nigeria worth a $540-million investment. Under the terms of the contract, awarded by Nigeria’s Nepa, Shell will take over existing assets in the Afam Power Plant, near Port Harcourt,... 

SA invites telecoms bids

13th December 2001 South Africa is expected to invite telephone operators on Friday to bid for a licence to set up the country’s second fixed-line phone network. “The invitation to apply will be issued on Friday at a briefing,” said Communications Ministry spokesperson Robert Nkuna. It will give... 

Nigeria outlines power privatisation plans

13th December 2001 Nigeria announced an outline programme for the privatisation of its national electric power utility, Nepa, in December next year and early 2003 in what could be the biggest such deal in Africa. 

Next G8 to have strong Africa focus

13th December 2001 The Group of Eight (G8) industrialised nations will discuss the economic plight of Africa as a first priority at their next summit in Canada in June, a senior German official said. 

Donors pledge $764m support for Burundi

13th December 2001 The central African state of Burundi said that donors had pledged $764-million in financial aid to help it recover from years of ethnic violence. President Pierre Buyoya said the promises of assistance covering the period 2002 to 2004 were given at a two-day meeting with Western countries and... 

Moz opens cell market, SA’s cell leader hits 6m subscriber mark

13th December 2001 The Mozambican parliament has passed a government bill that will open its mobile phone market to competition from at least two new operators. 

PPPs no magic wand, says firm

12th December 2001 While public–private partnerships (PPPs), such as the toll-road projects unfolding in South Africa at present, can play a significant role in economic upliftment and infrastructure delivery, they should not be seen as the magic wand that will solve all the country’s infrastructure... 

Columbus expansion will be a consideration in 2002

By: Terence Creamer     12th December 2001 It is anticipated that all outstanding conditions precedent for the acquisition of Columbus Stainless by Acerinox of Spain will be met by the end of this month, and that the new ownership structure will be in place by the second or third week of January. 

New law allows recognition of heritage sites

12th December 2001 Makapane’s Valley and Mapungubwe Hill in the Northern Province are the first two sites in South Africa to be declared national heritage sites by the South African Heritage Resources Agency (Sahra) under new legislation. 

Nigerian power capacity expansion on track

12th December 2001 Nigerian president Olusegun Obasanjo reaffirmed that the country was on course in his government’s promise to end the erratic electricity supply from next January. 

Nigerian gas firm not affected by US trade partner's collapse

12th December 2001 The financial woes of crippled US energy group Enron Corporation will not affect Nigerian Liquefied Natural Gas, with which it signed a memorandum of understanding (MoU) in October for gas deliveries, said an NLNG spokesperson. 

Telco expects new division to do well

By: Keith Campbell     12th December 2001 SOUTH African telecomms parastatal Telkom is confident that its Business Integration Services (TBIS) division will become a significant revenue contributor to the group over the next five years. 

Cape Town International Convention Centre, Western Cape

12th December 2001 A joint venture between Murray and Roberts and WBHO has been awarded the principal contract for the Cape Town convention centre hotel, the R460-million ArabellaSheraton Grand Hotel Cape Town. 

Four bidders for Zambia’s railways

11th December 2001 South Africa’s Spoornet and US firm Edlow Resources are among four companies bidding to operate and manage the assets of Zambia Railways, officials from Zambia’s privatisation agency said. 

SA summit to seek economic consensus proposed

11th December 2001 Four working groups, hosted by President Thabo Mbeki in Pretoria, have proposed an economic growth summit for next year to give all sectors the opportunity to work together and take the country into a higher growth path. 

Deal on new power-distribution regime by Jan

11th December 2001 A cooperative agreement between government and participants in the electricity distribution industry (EDI) on the restructuring of this sector – which includes the controversial formation of regional electricity distributors (Reds) – is expected to be finalised in January. 

World earth summit date may change

11th December 2001 The United Nations (UN) General Assembly is finalising a decision that would change the dates for the World Summit on Sustainable Development (WSSD) to be held in South Africa next year. 

China-SA binational commission launched

11th December 2001 The second day of President Thabo Mbeki's three-day State visit to China saw the launch of the South African-China Bi-National Commission in the capital Beijing. 

SA cell provider No 1 in DRC

11th December 2001 Africa's biggest mobile operator Vodacom said on Monday it was teaming up with Congolese Wireless Networks (CWN) to extend cellphone use in the war-torn Democratic Republic of Congo (DRC). 

SA telecoms monopoly stares down regulator

11th December 2001 South African phone utility Telkom brushed aside the industry regulator's plans to enforce below-inflation price hikes next year, saying the new regulations were "defective". 

SA needs to boost manufacturing – Harris

10th December 2001 The manufacturing industry is alive and well in South Africa, which is evident in the considerable growth over the past decade in this sector, states Seifsa president Tony Harris. 

SA-Norway in research co-operation

10th December 2001 A R35-million research cooperation agreement between South Africa and Norway was signed this morning in Pretoria. 

Maiden oil exports this month from new Angola field

10th December 2001 Angola will make the maiden export in December from its giant $2,7- billion Girassol oilfield, which came on stream this week, industry sources said. 

Weak currency will lead to 20% hike in car prices

10th December 2001 The South African rand’s steep depreciation across the board could push new vehicle prices higher by up to 20% next year, stunting the industry’s growth prospects, manufacturers said. 

Oiling the wheels of trade regulation

7th December 2001 South Africa’s fast-tracked re-entry into the global economy, over the last decade, has not always been a smooth ride, but the forging of a regional trade policy appears to have been the cause of one of its bumpiest missions ever. 

New mobile operator gains 100 000 customers in 15 days

7th December 2001 Saudi-backed Cell-C, South Africa’s third-largest and most recent mobile phone operator, said it had connected 100 000 prepaid customer 

Safety central theme in nuclear talks

7th December 2001 South Africa’s nuclear experts have been meeting with their Swedish and Dutch counterparts at Pelindaba, west of Pretoria, to share experiences on research reactor management. 

US steelmakers in consolidation mood

7th December 2001 Struggling with bankruptcies and hurt by foreign imports, the nation’s biggest steel companies said that they were asking the Bush administration and Congress to back a plan allowing up to half a dozen steel makers to merge into a single company and to shift billions of dollars in retiree... 

China now SA's 10th biggest export market

7th December 2001 South African President Thabo Mbeki flies to Beijing this weekend for China's first top-level talks with a foreign leader since the Asian tiger leapt into the World Trade Organisation. 

Uganda plan to convert forest to sugar plantation

6th December 2001 The Ugandan government has licensed the private Kakira Sugar Works to bring a forest reserve under sugar cultivation, to expand local sugar production and cut imports, officials said. 

Fresh moves to privatise Algeria's oil, gas sector

6th December 2001 Algeria’s lower house of parliament debated a key draft power and gas distribution Bill aimed at privatising the State-held power-generation industry, officials said. 

Global standards next-generation optical net

6th December 2001 An agreement has been reached by the ITU’s (International Telecommunications Union) Telecommunication Standardisation Sector on new global standards for equipment and management of the next-generation optical network. 

Oil begins flowing at $2,7bn Angola field

6th December 2001 The first oil has started flowing from Angola’s giant $2,7-billion Girassol field in block 17, the world’s largest deepwater development, operator TotalFinaElf said. 

Bidders prequalify for engineering privatisation

By: Terence Creamer     6th December 2001 A handful of companies have prequalified to bid for the 30% stakes up for sale in two subsidiaries of State-owned Rotek Industries, namely Rotek Engineering (RE) and Roshcon. 

Coega obtains IDZ approval

6th December 2001 The Coega Development Corporation (CDC) will begin construction on key infrastructure at the Coega harbour – which will be South Africa’s first industrial development zone (IDZ) – as the legal framework for the zone has been secured through the designation of the land as an IDZ... 

Axe falls on 623 SA steel mill jobs

6th December 2001 South African steel producer Iscor has confirmed that only 623 unionised jobs will be affected by the cost efficiency measures currently under way at its Vanderbijlpark steel mill. 

R365m traffic info system contract awarded

5th December 2001 The R365-million National Traffic Information System (Natis) has been awarded to the new IT giant arivia.kom subsidiary, Face Technologies as the main contractor and joint venture partners, making it the largest contract won to date by the recently-merged State-owned enterprises. 

Angola expects $23bn in oil FDI in next five years

5th December 2001 Angola’s oil sector is expected to receive about $23-billion in investment over the next five years, Minister of Petroleum Jose Botelho Vasconcelos said. 

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