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Treasury loses out on more than R1bn in VAT from drought-stricken farmers

By: News24Wire      27th November 2018 The government has lost out on more than R1-billion in VAT from drought-stricken farmers who were forced to cut production after their irrigation water from the Cape supply dams was radically reduced a year ago. Agri Western Cape CEO Carl Opperman said on Monday this was one of the facts he... 

Business confidence falls for third straight quarter – survey

By: Reuters     27th November 2018 South African business confidence fell for the third straight quarter, a survey showed on Tuesday, as country struggles to grow in a recession-bound economy. The Rand Merchant Bank (RMB) business confidence index compiled by the Bureau for Economic Research fell to 31 points in the fourth quarter... 

Omnia shares fall as it warns of interim loss

By: Simone Liedtke     12th November 2018 Local chemicals company Omnia Holdings’ share price on the JSE fell by more than 16% on Monday after it announced that it expects to swing to a loss a share for the six months to September 30. It expects to report a loss a share of between 85c and 170c, compared with the earnings a share of 423c... 

Vodacom using tech to digitalise the retail and logistics business

By: Natasha Odendaal     2nd November 2018 As retail switches from mass generalisation to hyper personalisation, telecommunications giant Vodacom is seeking partners across the retail ecosystem – from customers to other players in the digitalisation space – to co-create differentiated experiences for customers. With digital revolution... 

Unemployment rate rises to 27.5% in Q3  

By: Marleny Arnoldi     30th October 2018 The official unemployment rate increased to 27.5% during the third quarter, compared with 27.2% in the second quarter. This translates to 6.2-million unemployed people in South Africa. The unemployment rate was 26.7% in the first quarter of the year, according to Statistics South Africa’s (Stats... 

American trade delegation in South Africa to expand business opportunities in Southern Africa

By: African News Agency      30th October 2018 An American trade delegation, comprising businessmen from more than 30 American companies and state government leaders, is in South Africa seeking to expand agricultural export opportunities in the region. The trade delegation, which arrived in South Africa on Monday and will conclude its visit... 

City of Cape Town poised to ease water restrictions further

By: News24Wire      30th October 2018 The City of Cape Town believes dam levels are high enough for water restrictions to be relaxed even further – possibly to level 4 or even level 3. But the City cannot take steps to ease restrictions until the national Department of Water and Sanitation decides how much bulk water supply Cape Town... 

McDonald’s SA to invest R3bn in opening 120 new restaurants in 5 years

By: Marleny Arnoldi     29th October 2018 Fast food franchise McDonald’s South Africa (McDonald’s SA) has committed to investing R3-billion in South Africa over the next five years. This was announced at the South African Investment Conference, held in Johannesburg, last week.  

Ramaphosa seeks new investment pledges as economy struggles

By: Reuters     26th October 2018 President Cyril Ramaphosa will seek billions of dollars of new spending pledges from foreign investors and local firms at an investment summit on Friday, as he seeks to haul the economy out of recession before next year's election. The former union leader wants $100-billion of new investments... 

Prototype soil sampling device being tested for use in agriculture

By: Schalk Burger     26th October 2018 A cost-effective, handheld soil and water chemical testing device for use in agriculture is being developed and tested by information technology research subsidiary IBM Research, says IBM Research Brazil Industrial Technology & Science manager Dr Mathias Steiner. The AgroPad is a business... 

Govt commits support for clothing, textiles sector and emerging farmers  

By: Marleny Arnoldi     24th October 2018 The National Treasury has, over the medium term, placed incentives for agriculture, land reform, manufacturing and research and development among its priorities for expenditure reprioritisation. The Clothing and Textile Competitiveness Programme has helped sector exports grow from R7.1-billion in... 

Pollutec 2018 shines the spotlight on Burkina Faso

By: Tasneem Bulbulia     23rd October 2018 Pollutec 2018, which will mark the fortieth anniversary of this international environmental trade show, is set to cover 14 key industry sectors, and focus keenly on Africa – notably Burkina Faso – as well as other key regions, such as South America and South-East Asia. Pollutec has featured an... 

Mboweni walks budget tightrope to fix ailing economy

By: Reuters     22nd October 2018 South Africa's new finance minister will target spending on agriculture, infrastructure and job creation projects in his inaugural budget speech on Wednesday in a bid to haul the economy out of a recession. With the government facing a ballooning debt, stubbornly high unemployment, struggling... 

Sanral, Wirtgen SA sign MoU to collaborate on construction development goals

By: Marleny Arnoldi     19th October 2018 Road construction equipment supplier Wirtgen Group South Africa (Wirtgen SA) and the South African National Roads Agency Limited (Sanral) on Friday signed a memorandum of understanding (MoU), which Wirtgen SA MD Heinrich Schulenburg said would cement the relationship between the entities and give... 

Hyflo enables efficient manufacture of hose assemblies

19th October 2018 Hydraulics and pneumatics supplier Hyflo’s extensive range of fluid power products include hydraulic crimping equipment and tooling, designed for the efficient manufacture of factory-quality hose assemblies. “Hyflo’s Parker Parkrimp and Karrykrimp hydraulic crimping equipment enables customers... 

Positives of migration

By: Martin Zhuwakinyu     19th October 2018 Television footage of desperate Africans drowning in the Mediterranean Sea en route to Spain and other European destinations that hold out the promise of a better life has become all too frequent. The International Organisation for Migration puts the cumulative toll since 2000 at 33 000, with... 

Carbon Tax Bill, draft IRP 2018 not aligned

19th October 2018 South Africa is in the process of developing policy instruments to mitigate climate change and ensure the least cost to the economy for future energy requirements. At the core of these environmental and economic objectives are the Draft Carbon Tax Bill (DCTB) and the Draft Integrated Resource... 

Alibaba’s Jack Ma to speak at Ramaphosa’s Investment Conference dinner 

By: Terence Creamer     18th October 2018 Chinese tech sensation Jack Ma will deliver the keynote speech at a dinner to be hosted by President Cyril Ramaphosa on October 26 as part of the inaugural South Africa Investment Conference. The conference will take place at the Sandton Convention Centre, in Gauteng, from October 25 to 27, in... 

M&A activity slowly increasing in Africa

By: Marleny Arnoldi     18th October 2018 Merger and acquisition (M&A) activity has been slower in South Africa, compared with prior years; however, other African countries have seen an increase in deals closed, said Hogan Lovells partner Sibongile Solombela at the firm’s Africa Forum conference held on Thursday. M&A activity is still... 

Govt ready to woo potential investors at SA Investment Conference

By: African News Agency      18th October 2018 Confirmed attendees for next week's South Africa Investment Conference - government's attempt to unlock investment to grow the local economy and create jobs - include JSE listed companies with a market capitalisation of R6.5-trillion and Fortune 500 companies with a market cap of US$4-trillion,... 

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... 

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