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Latest News

Saudi Arabia embarks on utility-scale renewable energy projects 

By: Megan van Wyngaardt     18th April 2017 Saudi Arabia is seeking bids for its first utility-scale renewable energy projects, following the launch of the round one request for proposal (RFP) stage by the country’s Energy, Industry and Mineral Resources Minister Khalid Al Falih. The RFP is now live on a 300 MW solar photovoltaic (PV)... 

Sibanye wins US thumbs up for Stillwater acquisition

By: Martin Creamer     18th April 2017 Precious metals mining company Sibanye has received unconditional approval from the Committee on Foreign Investment into the United States on the proposed acquisition of platinum group metals mining company Stillwater, which mines and processes the metals in Montana. Johannesburg- and New... 

Sibanye wins US thumbs up for Stillwater acquisition
Photo by Duane Daws
Sibanye CEO Neal Froneman

IMF says agrees to pay Tunisia's delayed loan tranche

By: Reuters     18th April 2017 The International Monetary Fund (IMF) has agreed to pay out a $320-million second tranche of Tunisia's loan programme after talks to agree on the government's reform priorities, the IMF Tunisia mission chief said on Monday. The portion of the $2.8-billion loan programme was delayed from December... 

Free State special economic zone to launch at month-end

By: Megan van Wyngaardt     18th April 2017 In its efforts to accelerate economic growth and development in designated regions of the country, government is set to launch the Maluti-A-Phofung Special Economic Zone (MAP-SEZ) in Tshiame, near Harrismith, in the eastern Free State, on April 25. Trade and Industry Minister Dr Rob Davies said... 

De Lille to address Cape Town drought intervention plans 

By: News24Wire      18th April 2017 Cape Town mayor Patricia de Lille will join a panel discussion on Tuesday to discuss the city's interventions in the metro's drought crisis. De Lille will address the Climate Change Coalition at Green Point Urban Park, and will also discuss the city's stance on climate change, and the risks... 

Tourism supports 1 in 10 jobs

By: News24Wire      18th April 2017 Travel and tourism generated 1 in 10 of the world’s jobs in 2016, according to a new report by the World Travel & Tourism Council (WTTC). WTTC’s Economic Impact Report 2017, which is conducted in conjunction with Oxford Economics, researches the economic impact of travel and tourism on a global... 

Tourism supports 1 in 10 jobs

Gas pipeline to Libya's Wafa oilfield closed – NOC source

By: Reuters     17th April 2017 An armed group has again blocked gas pipelines from Libya's Wafa oilfield to a local power plant and the Mellitah gas export terminal on the coast, a source from state energy firm NOC said on Friday. The NOC earlier this week lifted a force majeure on Wafa and said its pipelines were open after... 

Suzuki, Toshiba, Denso to start India lithium-ion battery JV

By: Reuters     17th April 2017 Suzuki Motor, Toshiba and Denso on Friday said they would form a joint venture to produce lithium-ion batteries for automobiles in India, where auto emission regulations are tightening to deal with pollution problems. The three companies said in a joint statement that they would spend a total of... 

Suzuki, Toshiba, Denso to start India lithium-ion battery JV

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

By: Terence Creamer     13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement
Photo by Duane Daws
Minister Lynne Brown is being asked to release details of the settlement

Gigaba pledges to stave off third downgrade, meet with Moody's

By: Reuters     13th April 2017 South Africa's new Finance Minister pledged on Thursday to do what he can to keep the country from a third credit downgrade to junk status, saying he would meet ratings firm Moody's to persuade it he will stay on the path of fiscal discipline. Malusi Gigaba, who replaced the respected Pravin... 

Gigaba pledges to stave off third downgrade, meet with Moody's
Photo by Bloomberg
Finance Minister Malusi Gigaba

Pan African capital raise puts gold project on fast track  

By: Martin Creamer     13th April 2017 Midtier gold mining company Pan African Resources has successfully raised R705-million in a share placing, the net proceeds of which will be used, together with a R1-billion seven-year debt facility, to fast-track the high-return Elikhulu gold tailings project in Mpumalanga. Pan African CEO Cobus... 

Pan African capital raise puts gold project on fast track
Photo by Duane Daws
Pan African CEO Cobus Loots (right) in conversation earlier this year on Elikhulu with Mining Weekly's Martin Creamer.

Salga’s Parks Tau to serve on UN panel

By: Sane Dhlamini     13th April 2017 South African Local Government Association (Salga) president Parks Tau has joined the United Nations (UN) high level independent panel to oversee the effectiveness of UN-Habitat – a programme that promotes socially and environmentally sustainable towns and cities.  His appointment follows the... 

Salga’s Parks Tau to serve on UN panel
SALGA President Parks Tau

Liberty Two Degrees refurbishments contribute to lower vacancies, higher turnover

By: Megan van Wyngaardt     13th April 2017 JSE-listed property fund Liberty Two Degrees (L2D) has signed a binding offer to lease the Nelson Mandela Square offices, comprising 6 350 m2, to an international tenant for five years. The rental obligation date of the lease agreement is from October 1 and will reduce the complex’s office space... 

Kouga municipality gears up for possible nuclear development

By: African News Agency      13th April 2017 Seven work groups are expected to be established to help prepare the Kouga municipal region for the construction of a nuclear plant at Thyspunt should the national power project receive the green light. Kouga executive mayor Elza van Lingen said the work groups will serve as subcommittees of the... 

South Africa’s property investment sector returns dropped to 11.1% in 2016

By: Creamer Media Reporter      13th April 2017 Rteurns in the South African property investment sector hit the lowest level since 2009 after falling from 13% in 2015 to 11.1% in 2016, a 190 basis point decline, the latest IPD South Africa Annual Property Index shows. NYSE-listed MSCI, which compiled the report, noted this week that “it was... 

NPO seeks nominations for the most inspiring women in technology, innovation sectors

By: Anine Kilian     13th April 2017 Inspiring Fifty South Africa has issued an open call for nominations for inspiring South African women working in the different spheres of the technology and innovation sectors. Inspiring Fifty is a Netherlands-based nonprofit organisation (NPO) that showcases the work of inspiring female role... 

Seifsa extends deadline for excellence awards entries to April 28

By: Megan van Wyngaardt     13th April 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has extended the deadline for entries for its Awards for Excellence for 2017 to April 28, to afford more companies time to submit entries. “After countless queries from interested companies in the metals and engineering... 

South American flavour coming to South Africa through Las Iguanas

By: Megan van Wyngaardt     13th April 2017 A new restaurant chain specialising in authentic Mexican, Brazilian and South American food and cocktails, is coming to Johannesburg in June, with Gold Brands bringing the UK midmarket restaurant brand Las Iguanas to the local market. “South Africans are always hungry for new places to dine, and... 

South American flavour coming to South Africa through Las Iguanas

South African future energy leaders selected for WEC programme

By: Anine Kilian     13th April 2017 Two South African National Energy Association (Sanea) nominees, Avesh Padayachee and Pule Segale, have been selected to participate in the global World Energy Council (WEC) Future Energy Leaders 100 programme. The WEC admits 100 future energy leaders to a three-year part-time global programme of... 

Botswana's 300 MW power plant stalled over $800m guarantee dispute

By: Reuters     13th April 2017 The 300 MW expansion of two units at Botswana's Morupule B coal fired power plant has been delayed due to a dispute with the contractor over an $800-million guarantee, a cabinet minister said on Wednesday. Japan's Marubeni and South Korea's Posco Energy were last year awarded the contract for the... 

Baker McKenzie launches app to assist in case of antitrust dawn raids

By: Natasha Odendaal     13th April 2017 An application (app) that assists clients in navigating the coordinated dawn raids undertaken by competition authorities has been expanded to accommodate 44 countries, including South Africa. Multinational law firm Baker McKenzie’s Dawn Raid app delivers real-time step-by-step guidance on the... 

DEA to delve into plastic bag recycling saga

By: Megan van Wyngaardt     13th April 2017 The Department of Environmental Affairs (DEA) will be liaising with the National Regulator for Compulsory Specifications (NRCS) and the South African Bureau of Standards to ensure that manufacturers of plastic carrier bags comply with regulatory requirements and standards, it says. This follows... 

Public Works seeks to create 1.4m work opportunities this year 

By: Megan van Wyngaardt     13th April 2017 Newly appointed Public Works Minister Nkosinathi Nhleko on Thursday said he was confident that his department would meet its target of creating six-million work opportunities by the end of March 2019. Through its Expanded Public Works Programme the department has, since 2014, created over... 

Barloworld launches incubation hub to assist SMME development 

     13th April 2017 Barloworld launched its Incubation Hub at its Barlow Park head office in Johannesburg, last month to assist small business suppliers and companies operating in its value chain in overcoming challenges, including market access, finance and skills that commonly impact on small, medium-sized and... 

Barloworld launches incubation hub to assist SMME development
Barloworld launches incubation hub to assist SMME development

Dacian picks M&R’s RUC Cementation Mining as underground contractor

By: Esmarie Swanepoel     13th April 2017 Gold developer Dacian Gold has selected its contractor for underground mining at its Mt Morgans gold project, in Western Australia, issuing RUC Cementation Mining – a subsidiary of JSE-listed Murray & Roberts (M&R) – with a letter of intent (LoI). The conditional LoI will be replaced by a formal... 

South Africa’s hydrogen fuel cell programme making steady progress

By: Keith Campbell     13th April 2017 The Department of Science and Technology (DST) is pleased with the progress being made by the Hydrogen South Africa (HySA) research, development and innovation (RDI) programme. This is a natural resources beneficiation project aimed at increasing the market for the country’s platinum reserves by... 

South Africa’s hydrogen fuel cell programme making steady progress

Water situation in Nelson Mandela Bay a 'crisis'

By: African News Agency      13th April 2017 Residents of Nelson Mandela Bay can gear up for stringent water restrictions within the next week as the water situation in the city is on the verge of a “crisis”. Executive Mayor Athol Trollip on Wednesday called an emergency media briefing at Port Elizabeth City Hall to address the critical... 

In win for Boeing and GE, Trump says he wants to revive export bank

By: Reuters     13th April 2017 President Donald Trump plans to revive the hobbled Export-Import Bank of the United States, his office said, a victory for American manufacturers like Boeing and General Electric (GE) which have overseas customers that use the agency's government-backed loans to purchase their products. Trump... 

Metrology institute invests in new mixing technology

By: Anine Kilian     12th April 2017 The National Metrology Institute of South Africa (NMISA) on Wednesday launched its new Resodyn Acoustic Mixer (RAM), which it bought for R12-million. The RAM is an industrial mixer that thoroughly mixes gases, liquids, solids, powders and viscous compounds, without the need for impellers or... 

South African R&D spending on the rise but government aims yet higher

By: Keith Campbell     12th April 2017 The South African government seeks to increase the country’s investment in research and development (R&D) by 100% from the R29-billion of 2014/2015 to about R60-billion a year by 2020. In terms of percentage of gross domestic product (GDP), this would involve an increase from 0.77% to 1.5%. This... 

South African R&D spending on the rise but government aims yet higher
Science & Technology Minister Naledi Pandor

Funding under way for revival of old Prieska zinc-copper potential

By: Martin Creamer     12th April 2017 Funding efforts aimed at reviving the old Northern Cape mining area endowed with significant zinc and copper potential are gaining momentum. Acknowledged as the host of one of world’s most noteworthy volcanogenic massive sulphide (VMS) base metal deposits, the Prieska area has a well-recorded... 

AfriBusiness applies PAIA rule for Eskom, Optimum penalty clarification

By: Natasha Odendaal     12th April 2017 As media reports surface over a settlement agreement between State-owned Eskom and Optimum coal mine, business rights watchdog AfriBusiness is seeking more information on “what transpired” during the alleged payment of the fine by Tegeta Exploration & Resources. Leveraging the Promotion of Access... 

City Power calls on residents not to buy electricity meters from unauthorised sellers

By: Megan van Wyngaardt     12th April 2017 With a spike in the theft of electricity meters in the residential areas of the West Rand, Johannesburg electricity utility City Power has appealed to residents to refrain from buying electricity meters from unauthorised resellers. “This is supporting the illegal trade of stolen meters and... 

Survey on South African publicly-funded intellectual property launched

By: Keith Campbell     12th April 2017 Science and Technology Minister Naledi Pandor launched the first 'South African National Survey of Intellectual Property and Technology Transfer at Publicly Funded Research Institutions' in Pretoria on Wednesday. “The survey reveals many trends that we did not know before . . . [T]his survey... 

Trade expectations hit low point in March and will decline further, warns Sacci

By: Megan van Wyngaardt     12th April 2017 The South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted six-month trade expectations index (TEI) declined from 61 in February to 51 in March – the weakest level since April 2016. The non-seasonally adjusted TEI weakened even more markedly and declined from 63 to 51... 

Fresh produce markets, agents critical to enabling market access – association

By: Megan van Wyngaardt     12th April 2017 The agency system of sales in the South African fresh product market is “definitely not under siege”, as suggested by the recent Competition Commission raids, say Produce Marketing Association Southern Africa GM Lindie Stroebel and ZZ2 CEO Tommie van Zyl. The commission, last month, held search... 

Fresh produce markets, agents critical to enabling market access – association

Despite downgrades, truck market can still grow in 2017, says UD Trucks

By: Irma Venter     12th April 2017 The South African truck market demonstrated ongoing resilience in the first quarter of 2017, despite political and economic turmoil, says UD Trucks Southern Africa MD Gert Swanepoel. However, South Africa’ s recent downgrade by two ratings agencies will determine if the marginal growth achieved... 

Despite downgrades, truck market can still grow in 2017, says UD Trucks

Congo aims to import South African electricity amid deep shortfall 

By: Reuters     12th April 2017 Democratic Republic of Congo hopes to import electricity from South Africa, an expensive measure aimed at reducing a gaping power deficit that has dented mining output in the continent's top copper producer, the chamber of commerce said on Wednesday. Congo is plagued by massive energy shortfalls... 

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