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Latest News

Congo Republic oil output to fall in 2002

13th August 2002 Congo Republic's crude oil output is likely to fall to around 12-million tons (260 000 barrels per day) in 2002 from 13-million tons last year as old fields decline, the head of the state oil firm has said. 

Sweden asks US for more steel tariff exemptions

13th August 2002 Sweden has asked Washington to exempt more of its steel exports from US tariffs at the heart of a bitter trade spat with the European Union (EU), the Swedish government has said. 

$3-bn for environment fund

13th August 2002 A United Nations (UN) official says an agreement by 32 donor countries on a $3-billion replenishment of the Global Environment Facility (GEF) – the highest replenishment ever for the fund – is an important boost for the World Summit on Sustainable Development to be held August 26 to... 

More wildlife for transfrontier park

13th August 2002 The development of the Great Limpopo Transfrontier Park, Africa's largest transfrontier conservation area, will receive yet another boost this week when South Africa translocates more wildlife to the Mozambican side of the Park. 

Omar calls for Africa's rail development

13th August 2002 Transport minister Dullah Omar has called on African railway owners and operators to co-operate in the promotion of development on the African continent. 

New dumping regulations by 2003

By: Martin Zhuwakinyu     12th August 2002 In a move which is set to alter South Africa's trading environment drastically, the Board on Tariffs and Trade (BTT) is drafting the country's long awaited antidumping regulations, expected to come into effect during the first half of next year. 

Engineering group denies facing liquidity crisis

12th August 2002 Swiss-based industrial engineering group ABB has denied a report that it faced a fresh liquidity crisis and needed to negotiate new credit lines with its bankers after staving off a cash squeeze in March. 

Resources giant in China LNG deal

12th August 2002 The world’s largest resources group BHP Billiton has been advised through Australian diplomatic channels that the North West Shelf Venture in Western Australia (NWS) has been selected as the preferred liquefied natural gas (LNG) supplier to phase one of the Guangdong LNG Terminal and... 

SA extends deadline for telecoms licence bid

12th August 2002 South Africa's Communications Ministry yesterday said it had pushed back by two months to October 31 the deadline for bids for a 51% stake in a licence for a new telecoms operator to rival Telkom. 

SA rail firm now in 19 African countries

By: Zonika Botha     9th August 2002 Having been awarded its latest concession in Zambia, South African railway utility Spoornet is now active in 19 African countries. 

State needs to maintain balance on BEE issue

9th August 2002 South Africa must bring the black majority into its economic mainstream to avoid social upheaval in the years ahead, analysts say, but it faces an uphill battle to do that without spooking foreign investors. 

Africans urge World Bank to boost agriculture spending

9th August 2002 African finance ministers have decided that they will put pressure on the World Bank to increase its lending on agricultural development, which they say has been stagnant for the past 10 years, reports New Vision of Uganda. 

Minister announces big increase in fish quotas

9th August 2002 The Minister of Environmental Affairs and Tourism, Mohammed Valli Moosa, has determined the final pelagic total allowable catch (TAC) for the 2002 pelagic season. 

Poor rains set to hit Mali's cereals output

9th August 2002 Poor rains are likely to hit Mali's cereals production for 2002/03 as fewer plantations have been sown in the main growing regions, officials at the ministry for Rural Development have revealed. 

Construction firm scores well in corporate citizen survey

9th August 2002 South Africa's leading construction group, Aveng, has scored well in a recent corporate citizenship survey. 

Morocco seeks builder-operator for cereal silo

9th August 2002 Morocco has tendered a permit for the construction and operation of a cereals silo at its main port of Casablanca, which would more than double its storage capacity, a senior equipment ministry official said yesterday. 

Moosa delivers 'state of the summit' briefing

9th August 2002 The Minister of Environmental Affairs and Tourism, Mohammed Valli Moosa, yesterday briefed Parliament on South Africa's state of readiness to host the biggest ever global gathering, the United Nations World Summit on Sustainable Development (WSSD). 

Enviro study for Wild Coast toll project

By: Zonika Botha     8th August 2002 Following the successful completion of an environmental scoping study, independent environmental consultant Bohlweki Environmental and a team of specialists are currently conducting an environmental impact assessment (EIA) study into the proposed N2 Wild Coast project. 

SA electronics firm wins R180m export order

8th August 2002 Pretoria based Grintek Communication Systems (GCS) has been awarded an export order of more than R180-million to supply its locally designed and developed Phoenix range of HF radio communication equipment. 

Ecojargon in preparation for Joburg summit

8th August 2002 The 50 000 delegates from nearly 200 countries set to throng the Johannesburg summit, which starts later this month will have no problem finding a common language to thrash out a strategy for sustainable development. 

Spanish firm awarded Libyan oil contract

8th August 2002 Spanish oil major Repsol yesterday said a consortium it leads has won approval from the National Oil Company of Libya to explore and produce in the Murzuk basin. Repsol said in a statement it expects to produce 40 000 barrels per day of crude starting in the first quarter of 2004. 

German firm wins service kudo

8th August 2002 German firm Siemen's subsidiary company, Siemens Southern Africa, has been voted the company with the best social responsibility programme in South Africa. 

Biotech must be part of sustainability package

8th August 2002 It will be important for the upcoming World Summit on Sustainable Development in Johannesburg to underline the importance of appropriate technologies – which will inevitably include biotechnology – to sustain the lives of billions of people, International Food Strategies president... 

SA awards R2,2bn port tender

8th August 2002 South Africa has awarded contracts worth R2,2-billion to three local and international consortiums for the construction of a new port on the country's east coast. 

Defence firm upset by offset allegations

8th August 2002 Defence manufacturer BAE Systems has responded with surprise to what it calls an unwarranted attack launched on it and the South African government by a weekly newspaper. 

New concesssion on offer in Cape Peninsula park

By: Zonika Botha     7th August 2002 In a bid to reinforce its capacity to conserve South Africa’s wildlife heritage, South African National Parks (SANParks) has launched a partnership with the private sector, whereby investors are allowed to construct new private lodges within national parks, or alternatively take over... 

SA's new port seen as African gateway

7th August 2002 Some 2 000 years ago traders battled the high seas to barter their wares at one of the world's greatest port cities. 

SA delegation in Brazil for talks

7th August 2002 A high-powered South African delegation, led by foreign affairs minister Nkosazana Dlamini-Zuma, is attending a five-day inaugural session of the SA-Brazil Joint Binational Commission in the Brazilian capital Brasilia. 

Pressure on OPEC curbs from Algeria, Nigeria

By: Zonika Botha     7th August 2002 OPEC producers Algeria and Nigeria traded claims over oil output capacity earlier this week, increasing pressure on the cartel to lift stringent supply curbs when oil ministers meet in September. 

Cape engineering students recruited by UK civils firm

7th August 2002 Several top University of Cape Town (UCT) engineering students have been recruited for bursaries and employment opportunities by leading European engineering consultant company, Barhale. 

Joburg wants green summit, UN wants it lean

7th August 2002 World Summit organisers in Johannesburg hope to paint the town green this month and avoid the mountains of waste that such gatherings usually generate. 

Diesel underpins petroleum product sales recovery

7th August 2002 Major petroleum product sales in South Africa increased by 2,4% in the second quarter of 2002, as compared to the second quarter of 2001, the South African Petroleum Industry Association has revealed. 

SA prepayment firm sold to private-equity group

6th August 2002 In a transaction offering exciting global opportunities for Energy Measurements, South Africa’s leading supplier of revenue management solutions, Siemens AG has announced the sale of Siemens Metering to Kohlberg Kravis Roberts & Co (KKR), one of the world’s most successful private... 

Limpopo on economic growth path

6th August 2002 Trade and Investment Limpopo (TIL) has recommitted itself to a vigorous marketing and promotions campaign in the 2002 to 2003 financial year to enable further growth and new injection of investment in the area. 

Project to boost criminal-justice system

6th August 2002 As part of the Department of Justice and Constitutional Development’s programme to make the criminal justice system more effective and accessible to all the people of South Africa, it yesterday launched the Criminal Justice Strengthening Programme (CJSP) at a ceremony in Pretoria. 

Tunisia to buy 12 aircraft

6th August 2002 Tunisian flag carrier Tunisair plans to spend about 700-million dinars ($510-million) on 12 aircraft as part of its expansion strategy and to renew its fleet, a Tunisair manager has said. 

Progress made towards WSSD declaration, says Erwin

6th August 2002 Trade and industry minister Alec Erwin says world leaders have made progress regarding the declaration of the UN World Summit on Sustainable Development (WSSD), to be held in Johannesburg from August 26 to September 4. 

Civil engineering in healthy position - report

6th August 2002 With employment levels, tender activity, contract awards and turnover all having increased in the first quarter of 2002, the state of the civil engineering industry seems quite healthy, with all indications pointing towards continuing growth for the remainder of the year. 

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