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Latest News

Krugerrand testament to what South Africa can do through beneficiation

By: Megan van Wyngaardt     7th March 2017 The Krugerrand celebrates its fiftieth anniversary this year, marking a critical milestone in South Africa’s beneficiation of its precious metals. “The success of the Krugerrand shows it is possible to add value to our precious metals if we develop local capabilities and channel resources towards... 

Tribunal reopens Allens Meshco case to determine penalty liability

By: Creamer Media Reporter      7th March 2017 The Competition Tribunal has agreed to an application by the Competition Commission to reopen the long-running Allens Meshco case to obtain clarity on where to direct penalties should it be required. Following a request by the commission, the reopening of the case will provide the Competition... 

Mondi says European Commission inspecting its Vienna office

By: Creamer Media Reporter      7th March 2017 Dual-listed Mondi on Tuesday confirmed that the European Commission is conducting an inspection at its Vienna office. In an update to shareholders, the company said it was fully cooperating with the investigation, which it understood was focused on kraft paper and industrial bags. 

UK, S Africa universities study impact of digital technology in higher education

By: Megan van Wyngaardt     7th March 2017 As digital technology continues to influence and disrupt how students learn and are taught, a new transcontinental research project by the University of Leeds, in the UK, and the University of Cape Town (UCT) will examine its effect on staff, students and employers. The ‘Unbundled University:... 

Mining, manufacturing contribute to 0.3% contraction in GDP in Q4

By: Anine Kilian     7th March 2017 The mining, quarrying and manufacturing industries were the biggest contributors to South Africa’s gross domestic product (GDP) contracting by 0.3% in the fourth quarter of 2016. “Commodities showed a declining trend. Mining and quarrying decreased by 11.5% owing to a drop in the production of... 

Mining, manufacturing contribute to 0.3% contraction in GDP in Q4

Five South Africans to take part in international science meeting

By: Anine Kilian     7th March 2017 Five young South Africans nominated by the Academy of Science of South Africa (Assaf) have been included in the 400 young scientists from 76 countries selected to participate in this year’s sixty-seventh Lindau Nobel Laureate Meeting in Lindau, Germany.   Assaf is an official partner of the... 

Australian BPO company launches in Cape Town

By: Anine Kilian     7th March 2017 Business process outsourcing (BPO) company Merchants on Tuesday launched its Australian Offshore Business Process Services (BPS) campaign which will be serviced from Cape Town. Merchants has partnered with iSelect, an online Australian insurance, utilities and personal finance comparison website,... 

VWSA celebrates significant milestone

By: Megan van Wyngaardt     7th March 2017 Volkswagen Group South Africa’s (VWSA’s) Uitenhage plant, in the Eastern Cape, on Tuesday celebrated the manufacturing of its 1.25-millionth Polo. The milestone also marked 21 years of the production of Polo in South Africa. 

VWSA celebrates significant milestone

Cartrack reaches 600 000 subscriber milestone

By: Anine Kilian     7th March 2017 Fleet management, vehicle tracking and telematics technology management company Cartrack officially reached over 600 000 active subscribers globally in February. The figure reflects strong, consistent growth over the past year, and a 20% year-on-year increase in subscriber numbers. 

Ford SA CEO remorseful over Ford Kuga fire issue

By: African News Agency      7th March 2017 CEO and president of Ford SA, Jeff Nemeth, apologised for losing the trust of consumers over the debacle of a number of Ford Kuga vehicles overheating and catching fire. This was said at parliament on Tuesday, when the portfolio committee on Trade and Industry received a full status report on the... 

KZN budget up to R115bn

By: African News Agency      7th March 2017 KwaZulu-Natal’s provincial budget is set to top R115-billion in the coming financial year – a R5-billion rand increase over the current year. This emerged on Thursday when KwaZulu-Natal finance MEC Belinda Scott presented the provincial budget to the KwaZulu-Natal legislature in Pietermaritzburg. 

KZN budget up to R115bn

Wage dispute in bus passenger sector goes to mediation

By: African News Agency      7th March 2017 The Council for Conciliation, Mediation and Arbitration (CCMA) on Monday began facilitating mediation between the National Union of Metalworkers of South Africa (Numsa) and the Bus Passenger Council. This comes after the union last month declared dispute with the employers as wage negotiations... 

Cape Town breaks through 800-million litre water saving barrier

By: News24Wire      7th March 2017 Capetonians are finally using less than 800-million litres of water per day, the city said on Monday. They used an average of 783-million litres per day over the past week, saving 40-million litres of water per day since February 26. 

Two investor groups vie to buy Italy's Ilva steel plant

By: Reuters     7th March 2017 Italy's Ilva steel group has received bids from two consortiums for its loss-making plant in southern Italy, it said on Monday, two years after the state took it over to save thousands of jobs and clean up the polluted site. The first bid came from ArcelorMittal, the world's largest steelmaker,... 

Q4 GDP contracts q/q as mining, manufacturing slips

By: Reuters     7th March 2017 South Africa's economy contracted quarter-on-quarter in the final three months of last year, weakened by underperformance in the mining and manufacturing sectors, Statistics South Africa said on Tuesday. Poor economic growth in South Africa has stymied revenue collection, and there is no major... 

Q4 GDP contracts q/q as mining, manufacturing slips

Nigeria to open up government airports to private investment

By: Reuters     7th March 2017 Nigeria will open up its government-owned airports to private investment, the minister of aviation said on Monday, as the capital's airport prepares to close for repairs after years of neglect. All government-owned airports will be offered to investors who have "the wherewithal, the know-how, the... 

Potchefstroom brothers continue aviation development with launch of new glider 

By: Dylan Slater     7th March 2017 Following in the tradition of brothers making their mark in the aviation industry, Potchefstroom brothers Professor Attie Jonker and Uys Jonker have launched a new addition to the domestic glider industry – the JS3.  

Potchefstroom brothers continue aviation development with launch of new glider
Jonker Sailplanes’ new JS3 is smaller than previous models, weighing 266 kg and reaching speeds of 290 km/h

Pursuit of better performance sees Gauteng split R44bn MTEF infrastructure spend

By: Natasha Odendaal     7th March 2017 Infrastructure and education have taken the largest slices of Gauteng’s R108-billion provincial budget for 2017/18, which this year included the addition of R10-billion to departmental baselines. Tabling the provincial budget in the Gauteng Legislature, in Johannesburg, on Tuesday, Finance MEC... 

Pursuit of better performance sees Gauteng split R44bn MTEF infrastructure spend
Photo by Dylan Slater
Gauteng Finance MEC Barbara Creecy

Judgment reserved in South Africa’s first climate change court case  

By: Kim Cloete     7th March 2017 The outcome of South Africa’s first climate change court case could set an important precedent. Judgment has been reserved, following compelling arguments in the Pretoria High Court by lawyers for Earthlife Africa, the Department of Environmental Affairs (DEA) and the developers of the 557.3 MW... 

South African airports rank highly in Africa in service quality awards

By: Keith Campbell     7th March 2017 South African airports occupy two of the top three places for major airports in the Africa region in the 2016 Airport Service Quality (ASQ) Awards, Airports Council International World (ACI World) announced in Montreal, Canada, on Monday. In this category, defined as airports handling more than... 

South African airports rank highly in Africa in service quality awards
Durban’s King Shaka International Airport ranked second in the Africa region in terms of airport service quality last year

Merafe hits high spots with record results

By: Martin Creamer     7th March 2017 Ferrochrome company Merafe Resources on Tuesday reported record production, record revenue and a major jump in headline earnings in the 12 months to December 31. Production hit the 393 000 t mark, revenue lifted to R5.7-billion, headline earnings a share soared 53% to 21.2c, safety improved and... 

Merafe hits high spots with record results
Photo by Duane Daws
Merafe CEO Zanele Matlala

Ascendis buys Cipla’s Southern African veterinary operations for R375m

By: Anine Kilian     6th March 2017 Health and care brands group Ascendis Health, will acquire the Southern African veterinary operations of Cipla India for R375-million. The purchase price includes a deferred payment of R50-million over 15 months. The acquisition will take effect in April. 

Commission approves sale of M&R’s infrastructure and building platform

By: Megan van Wyngaardt     6th March 2017 The Competition Commission has approved the sale of Murray and Roberts’ (M&R’s) infrastructure and building (I&B) platform to Firefly Investments 319, without conditions. M&R has undergone a significant restructuring in recent years that will result in it exiting the general building and civil... 

World Bank urges South Africa to shift investment tax incentives to more labour-intensive sectors

By: Natasha Odendaal     6th March 2017 The World Bank on Monday urged South Africa to consider “reorienting” certain investment tax incentives towards more labour-intensive sectors such as construction, manufacturing, agriculture and trade to encourage private investment and bolster job creation in the muted growth environment. This... 

Sassda launches competition to promote life cycle costing app

By: Anine Kilian     6th March 2017 The Southern Africa Stainless Steel Development Association (Sassda) has launched a competition to promote its life cycle costing (LCC) app, which was developed in 2016 to boost the use of stainless steel in the local market. To stand a chance to win a trip to Paris worth R125 000, entrants will... 

West African gold mine signs solar power agreement

By: Martin Creamer     6th March 2017 West African gold mine Iamgold Essakane has signed a 15-year power purchase agreement with renewable-energy providers in a move that will cut its diesel use and lower its carbon footprint.  EREN Renewable Energy and its partner African Energy Management Platform (AEMP) on Monday announced that... 

West African gold mine signs solar power agreement
Solar power project at Iamgold Essakane in Burkina Faso

Commission refers alleged collusion case against shipping line to tribunal

By: Megan van Wyngaardt     6th March 2017 The Competition Commission of South Africa has referred a case of alleged price fixing, market division and collusive tendering against Kawasaki Kisen Kaisha to the Competition Tribunal for prosecution. The commission alleged that the Japanese company, operating in South Africa, along with Mitsui... 

Eskom connects 40 000 KwaZulu-Natal households to grid in under a year

By: Megan van Wyngaardt     6th March 2017 State-owned Eskom has electrified over 40 000 households in KwaZulu-Natal between April 2016 and February this year, including more than 13 000 connections in the uMkhanyakude district. “With this achievement, the historic label of KwaZulu-Natal being one of the least electrified provinces is... 

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection 

By: Terence Creamer     6th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection

Musina-Makhado SEZ to revive steel industry

By: Megan van Wyngaardt     6th March 2017 The South African Energy and Metallurgical Cluster has entered its implementation phase, following the signing of a R40-billion operator agreement between the State-owned Musina-Makhado Special Economic Zone (SEZ), where the cluster resides, and the Shenzhen Hoi Mor Resources Holding Company.... 

Repairs completed on over 63% of recalled Ford Kuga 1.6-litre models

By: Anine Kilian     6th March 2017 Ford South Africa on Monday said more than 63% of the 1.6-litre Ford Kuga’s that were recalled have been repaired and returned to their owners. Around 4 556 1.6-litre Ford Kugas, built between December 2012 and February 2014, have been affected by the safety recall in South Africa. 

MTN has limited scope to jack up debt levels – Moody's

By: Reuters     6th March 2017 South African mobile phone operator MTN Group has limited room to increase its debt levels, rating agency Moody's said on Monday, citing lack of dividend flow from Nigeria – its biggest market. "Financial flexibility could be restored should MTN be able to begin repatriating dividends from its... 

Proposals for development of Cape Town’s Foreshore Freeway precinct put on display

By: Megan van Wyngaardt     6th March 2017 Six private-sector proposals for the development of 6 ha of city-owned land in the Foreshore Freeway precinct – located under and between the existing and unfinished highways between the city’s northern edge and the Cape Town harbour – are on display at the city’s civic centre for public comment.... 

Proposals for development of Cape Town’s Foreshore Freeway precinct put on display

Sea Harvest to raise up to R1.3bn in Johannesburg IPO

By: Reuters     6th March 2017 South African fishing company Sea Harvest will raise as much as R1.3-billion ($100-million) in a stock market flotation that values the company at R3.4-billion, it said on Monday. The Sea Harvest Group, whose main business is fishing hake and prawns and processing the catch into frozen and... 

R7.5m stolen from Johannesburg Market, three officials suspended

By: African News Agency      6th March 2017 The City of Johannesburg said on Monday that it had uncovered massive corruption, theft and fraud involving more that R7.5-million stolen from Johannesburg Market, a major centre for the marketing of fresh produce. This comes after head of the City’s anti-corruption unit, General Shadrack Sibiya,... 

R7.5m stolen from Johannesburg Market, three officials suspended

New auto programme to be announced by end-2017, says Naamsa 

By: Irma Venter     6th March 2017 The framework for the government support programme to replace the Automotive Production and Development Programme (APDP) in 2021 is “currently under consideration and should be announced by the end of 2017”, says National Association of Automobile Manufacturers of South Africa director Nico... 

New auto programme to be announced by end-2017, says Naamsa

DRC group responds to Global Witness on royalties issue

By: Martin Creamer     6th March 2017 Democratic Republic of Congo (DRC) group Fleurette has responded to criticism directed at it on the Kamoto Copper Company (KCC) royalties issue. The issue in question centres on the sale by DRC State mining company Gecamines of royalties from Katanga’s KCC project to a Fleurette-owned entity. 

Sacoil buys majority stake in Afric Oil

By: African News Agency      6th March 2017 Sacoil, the South African based independent African oil and gas company, said on Monday that it had acquired a 71% interest in Afric Oil Group, one of the largest independent fuel distributors in South Africa. Following completion, Sacoil’s portfolio will consist of operated production activities... 

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