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Indian potash import prices surge 21%

By: Ajoy K Das     17th October 2018 Indian potash import prices have surged 21% to about $290/t for deliveries contracted between September 2018 and July 2019. Importers have warned that higher prices, coupled with a sharp depreciation of the Indian rupee below the Rs73 a dollar mark, would sharply increase the landed price of... 

Farmers head to court to challenge policy on transfer of water rights

By: News24Wire      15th October 2018 West Coast farmers launched an urgent application in the Western Cape High Court on Monday concerning water rights, which may have far-reaching consequences for agriculture. At the heart of the case is whether it is lawful for irrigation boards to approve the transfer of water rights from one... 

Opportunities abound for Italian entrepreneurs expanding into Africa

By: Shannon de Ryhove     12th October 2018 The Italian-South African Chamber of Trade and Industries says Italian companies are becoming increasingly positive about the opportunities offered by South Africa, which is being acknowledged as a hub from which to expand and invest into surrounding African countries, says Italian-South African... 

WINDOW ON GROWTH

12th October 2018 Container ships moored alongside ship-to-shore cranes at Mombasa port, in Kenya. The East African economy expanded by 6.3% in the three months to the end of June, up from 5.7% in the previous quarter, the Kenya National Bureau of Statistics reported in Septemebr. The accelertion was supported by... 

Mali approves Randgold’s Morila mine to agribusiness conversion

By: Marleny Arnoldi     8th October 2018 Gold miner Randgold Resources’ Morila gold mine’s ambitious agribusiness project has been approved by the Malian government. The project is designed to replace mining with a sustainable economic activity in the local community after the operation’s closure in two years’ time. 

Stats SA to conduct commercial agriculture census

By: Marleny Arnoldi     8th October 2018 Statistics South Africa (Stats SA) will, on October 15, embark on a countrywide Census of Commercial Agriculture. About 600 field staff will visit commercial farms across the country to establish the number of commercial farmers, farm size, crop type being farmed in different geographic areas,... 

Cape Town secures R974m towards disaster recovery programmes, projects 

By: Creamer Media Reporter      8th October 2018 The National Treasury and the National Disaster Management Centre has allocated R974-million towards disaster recovery programmes and projects in the Western Cape. Some R553-million of this drought funding was distributed to the City of Cape Town for drought alleviation projects and specifically... 

Tongaat warns of significant decreases in interim profit, earnings

By: Simone Liedtke     5th October 2018 JSE-listed agriculture and agroprocessing group Tongaat Hulett on Friday warned that its operating profit for the six months ended September 30, is expected to be at least 40% below the R1.4-billion earned in the prior comparable period. The company attributed the decrease to land conversion and... 

Economic stimulus and recovery plan

By: Riaan de Lange     5th October 2018 It is said that there are only three kinds of people in the world: those who can count and those who cannot. The stimulus and recovery plan has sevral broad parts: implementation of growth-enhancing economic reforms, reprioritisation of public spending to support job creation, the establishment... 

Dlamini-Zuma calls for collaboration as NDP is divided into smaller plans

By: Simone Liedtke     4th October 2018 Minister in the Presidency Nkosazana Dlamini-Zuma on Thursday called for greater collaboration between the public and private sectors in South Africa as she announced that the National Development Plan (NDP) would be divided into smaller plans that would be attended to within five-year... 

Detailed Jobs Summit package includes R100bn for black industrial firms  

By: Terence Creamer     4th October 2018 The detailed 84-page framework agreement unveiled by President Cyril Ramaphosa at the much-anticipated Jobs Summit on Thursday includes a reaffirmation of a commitment by the financial sector to invest R100-billion in black-owned industrial enterprises over the coming five years. Funding for... 

Cargo Carriers helps its customers navigate complex supply chains

By: Creamer Media Reporter      3rd October 2018 Supply chains are becoming more complex and a higher degree of coordination is, therefore, required to manufacture or produce products and get them to market. One of the largest contributors towards this scenario is customer expectations, including a need to drive down costs. 

World Bank lowers 2018 growth forecast for South Africa 

By: Terence Creamer     3rd October 2018 The World Bank has lowered its 2018 gross domestic product (GDP) growth forecast for South Africa to 1%, from an April projection of 1.4%, and says the country’s growth will remain subdued in 2019. The bank also lowered its 2019 projection for South Africa to 1.3%, from 1.8% in April, and... 

Acquisition, manganese and agriculture in mining make headlines 

3rd October 2018 MC Mining has an eye on acquisition and project access, Botswana manganese estimate fires up aspirant battery supplier and the Bokamoso Barona initiative is promising to show how mining and agriculture can go hand-in-hand. Mining Weekly editor Martin Creamer unpacks the headlines. 

Lifting technology: Konecranes modernises the rotary crane at the DLR test facility for rocket drives

2nd October 2018 Konecranes modernises the rotary crane at the test facility for rocket drives at the Deutsches Zentrum für Luft- und Raumfahrt DLR (German Aerospace Centre), installing the latest technology for increased efficiency and safety. Konecranes modernises the rotary crane at the test facility for... 

Capetonians can use more water – and pay less 

By: News24Wire      2nd October 2018 Capetonians can now use a bit more water every day – and will pay around 25% less for it. The slightly less stringent water restrictions kicked in on Monday as the combined level of supply dams reached 75.9% of storage capacity. While the rocketing fuel price is making a dent in consumers'... 

South Africa’s food and beverage industry a key driver for future economic growth

By: Creamer Media Reporter      1st October 2018 With South Africa having the most advanced and refined food and beverage market on the African continent, Frost & Sullivan believes in a 4%-7% estimated growth in the sector by 2020. The agricultural, agro-processing and food and beverage industries provide an abundance of opportunity for... 

SA economy flying by the seats of its pants

By: Riaan de Lange     28th September 2018 It is said that bad news comes in threes. If only South Africa was that fortunate – the country exhausted its quota a long time ago, and hardly a week goes by without bad news about the performance of the South African economy. The news is either a reflection on what has happened or what is... 

Managing waste generation crucial

By: Jessica Oosthuizen     28th September 2018 Effective waste management entails industries’ not overlooking the management of waste generation, says the Council for Scientific and Industrial Research’s (CSIR’s) Waste Research, Development and Innovation Roadmap Implementation Unit manager Professor Linda Godfrey. “There is still a great... 

Flicker of hope in Zimbabwe?

By: Martin Zhuwakinyu     28th September 2018 The main opposition party across the Limpopo insists that “we wuz robbed” in the July 30 elections that returned Zanu-PF to power and gave Emmerson Mnangagwa, who had been caretaker President since the November 2017 ouster of Robert Mugabe, a fresh, five-year mandate. Not even a Constitutional... 

AfDB seeks partnerships to lift 1bn people out of hunger

By: Simone Liedtke     26th September 2018 The African Development Bank (AfDB) has called on global partners to join hands to lift one-billion people globally out of hunger. The finance institution said in a statement that it was leading the way by investing $24-billion in African agriculture over the next decade. 

ELB partners with US Kymeta Corporation Global access, anytime, anywhere, while on the move

26th September 2018 ELB Engineering Services (Pty) Ltd (ELB) is pleased to announce the appointment of Kymeta Corporation (Kymeta) based in Redmond, Washington, USA as a technology partner. Kymeta has been recognized for its disruptive technology that is making mobile communications more accessible and secure... 

Lasher, a heritage of helping South Africa to grow

25th September 2018 Whether you’re talking construction or gardening and DIY, mining or agriculture, Lasher makes the tools that help South Africa to grow With more than 100 years of designing, manufacturing and distributing tough, reliable tools built for the South African market by South Africans, Lasher has... 

US backs protecting Yellowstone’s northern gateway from mining

By: Reuters     23rd September 2018 New mining claims should be banned for 20 years on more than 30 000 acres north of Yellowstone National Park to preserve scenery, wildlife habitat, waterways and outdoor recreation that fuels tourism in nearby Montana towns, the US Forest Service said Friday. The recommendation to withdraw 30... 

Angola, IFC court South African investors

By: Nadine James     21st September 2018 World Bank Group executive director for Angola, Nigeria and South Africa Bongiwe Kunene says a roundtable event taking place on September 24, will enable South African businesses and investors to explore the growth opportunities in Angola created as a result of the 2017 election of that country’s... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

On-The-Air (21/09/2018) 

By: Martin Creamer     21st September 2018 Japan is forecasting a massive market for fuel cells that use South African platinum; South African company Isondo this week reported that it is at the ready to produce fuel cell components locally; and Global commentators this week called on resource-rich African countries to use their wonderful... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Technically, stuck in a recession

By: Riaan de Lange     21st September 2018 “Is you is or is you ain't?”, to partially borrow from the title of American blues musician BB King’s song. Is South Africa in a recession or ain’t it? It is a simple enough question that should solicit a 'yes' or 'no' answer, ain’t? Surely, if one knows what a recession is, then one should know... 

Is 5G Hype or Reality for South Africa?

By: Creamer Media Reporter      20th September 2018 With global 5G rollout gathering speed and the recent launch of 5G in Lesotho by Vodacom, the question of whether South Africa is ready for the transition to 4G’s successor is dependent on various factors that could cause a delay in the integration of 5G in South Africa. Mobile communications... 

Shedding Light on Durban’s Emerging Aerotropolis

By: Creamer Media Reporter      20th September 2018 There is currently much being said about Durban’s emerging aerotropolis. Mooted to spearhead significant economic and social transformation in KwaZulu-Natal, it is worth unpacking exactly what an aerotropolis is and what the benefits to the province will be. An aerotropolis is a strategic,... 

Interest rates likely to stay unchanged as economy struggles

By: African News Agency      20th September 2018 South Africa's central bank is likely to keep interest rates unchanged on Thursday despite inflationary pressures stemming largely from a weaker rand, hamstrung mostly by concerns over the ailing economy. The economy slipped into a recession after gross domestic product contracted by 0.7 percent... 

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

By: Bloomberg     18th September 2018 Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for... 

Western Cape farmers call for easing of water restrictions to repair drought damage

By: News24Wire      18th September 2018 Western Cape farmers are calling on government to reveal how much water they are likely to be allocated this summer, so they can make plans to fix the damage caused by the 60% cut in their water supply. Some farmers say they have already experienced their Day Zero – now they want to know if they... 

Poultry industry takes on US chicken quota as court case brews

By: News24Wire      17th September 2018 The South African Poultry Association (SAPA) wants government to review the quota of US poultry imports, following the imposition of tariffs on local aluminium and steel products. In court papers filed in the North Gauteng Court, the organisation argues that US tariffs on SA steel and aluminium... 

Multistakeholder initiative to see the development of an agri-industrial hub in Gauteng

By: Natasha Odendaal     14th September 2018 A multistakeholder initiative will see the development of prototype large-scale agriculture and bio-energy agri-industrial hub on 30 000 ha of land across the Merafong City local municipality and Rand West local municipality, in the greater West Rand district. This follows the signing of a... 

Pioneer expo to promote, enhance local manufacturing

By: Tasneem Bulbulia     14th September 2018 South African capital equipment representative the South African Capital Equipment Export Council (SACEEC) will host the pioneer Local Southern African Manufacturing Expo next year to promote localisation and showcase the country’s manufacturing industry, SACEEC CEO Eric Bruggeman tells... 

Parliament to debate recession, fuel price hikes

By: News24Wire      12th September 2018 Parliament will debate record fuel prices and ideas for economic revival on Wednesday afternoon.  Last week Stats SA announced that SA had slipped into a technical recession - defined as two successive quarters of negative economic growth - for the first time since 2009.  

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