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Regional development focus necessary for Africa’s energy future – panel

By: Marleny Arnoldi     19th February 2019 A number of trends and influences are driving change in the energy sector, with the collective drive towards a safer, more environment-friendly, reliable and sustainable future. Leading a panel discussion at the Africa Energy Indaba, on Tuesday, Strategic Concepts chairperson Sean Cleary said the... 

As renewables soar, BP sees China hitting brakes on energy growth

By: Reuters     14th February 2019 Global demand for renewable power will soar at an unprecedented pace over the coming decades, BP said in a benchmark report on Thursday, while China’s energy growth is seen sharply decelerating as its economic expansion slows. Still, China is set to remain the largest energy consumer by a long... 

Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

Threat for rhinos still remains despite drop in 2018 poaching numbers

By: African News Agency      14th February 2019 The World Wide Fund for Nature (WWF) says it remains concerned about the overall status of rhino populations despite official figures from the department of environmental affairs showing the number of those killed in South Africa dropped to 769 in 2018 from 1 028 in 2017. "The fact that fewer... 

Australia targets 24 000 jobs with new resources policy framework

By: Esmarie Iannucci     14th February 2019 The Australian federal government on Thursday released a National Resources Statement, outlining plans to attract investment, develop new resources and markets and share the benefits of success with more regional communities. This is the first such statement for more than 20 years. 

Collaboration to ensure better understanding of emission standards

8th February 2019 Oils and lubricants company Shell collaborates with a number of original equipment manufacturer (OEM) transport operators to understand the future vision of emission standards set by the manufacturers and various legislation, as well as taking into consideration the challenges that transport... 

SKF consolidates manufacturing in China; invests in new facility

7th February 2019 SKF is investing approximately SEK 200 million in improving its competitiveness and customer service levels for tapered roller bearings (TRB) in China. The investment is being made in a new manufacturing facility in Changshan, to which the Group’s existing small-size TRB manufacturing in China... 

Australia miner Independence says in talks with potential buyers of battery chemicals

By: Reuters     6th February 2019 Independence Group, an Australian miner looking to move into making chemicals used in electric vehicle batteries, on Wednesday said it was in talks with a range of potential buyers of those products. The mid-tier miner trialled production of battery chemical nickel sulphate in December and... 

Vale declares force majeure on iron-ore after halt at mine

By: Bloomberg     6th February 2019 Vale did something it said it wasn’t going to do in the wake of the deadly tailings dam collapse in Brazil last month – declare force majeure on some of its iron ore contracts. Futures in Singapore gained. The Brazilian mining giant invoked the clause a day after a judge forced it to suspend... 

VEON says aims to buy out Egypt's Global Telecom for $600m

By: Reuters     5th February 2019 Telecoms operator VEON Ltd said on Tuesday it intends to offer 5.30 Egyptian pounds ($0.3005) per share for the 42.3% of Cairo-listed Global Telecom Holding it does not already own. The offer for the stake in Global, formerly known as Orascom, represents a 20% premium to its closing price on... 

The Eskom quagmire

By: Saliem Fakir     1st February 2019 As we enter the year 2019, State-owned electricity utility Eskom, once a success story of South Africa's industrialisation programme, is now an albatros around the neck of the National Treasury and hampering the State's efforts to realise the full potential for economic growth.   

South Africa secures new money transfer service

By: Natasha Odendaal     1st February 2019 Digital money transfer service WorldRemit has launched a low-cost digital money transfer service from South Africa to over 145 international destinations. The group, after securing a regulatory licence to operate in South Africa as a ‘send’ country, opened a new office in Johannesburg in January... 

Gold gets a safe-haven boost – Refinitiv’s GFMS report 

By: Nadine James     30th January 2019 Gold has benefitted in the fourth quarter of 2018 from investors seeking safe-havens, the latest GFMS Gold Survey, which Refinitiv released on Wednesday, states. Renewed interest from professional investors and a shift in the purchasing behaviour of emerging market central banks have compensated... 

In the new lithium 'great game', Germany edges out China in Bolivia

By: Reuters     28th January 2019 When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new "Great Game", in which big powers like China are jostling across the globe... 

Global crude steel increased by 4.6% in 2018

By: Tasneem Bulbulia     25th January 2019 Global crude steel production reached 1.81-billion tonnes in 2018 – 4.6% year-on-year increase, the World Steel Association (worldsteel) reported on Friday. Worldsteel pointed out that crude steel production had increased in all regions, except for the European Union (EU), which recorded a 0.3%... 

Modi, Ramaphosa announce 3yr strategic cooperation programme 

By: Marleny Arnoldi     25th January 2019 Indian PM Narendra Modi and President Cyril Ramaphosa have agreed that considerable scope exists for India and South Africa to grow their bilateral economic relationship. “To ensure concrete deliverables Modi and I concluded this morning a three-year Strategic Programme of Cooperation aimed at... 

Mobile retail revenues on the decline globally

By: Natasha Odendaal     25th January 2019 Half the world has now been connected, marking an important milestone for the global information and communication technology (ICT) industry; however, global retail telecommunication revenues are lagging owing to greater market maturity. Global retail telecommunication revenues reached... 

RBCT coal exports decline 

By: Martin Creamer     24th January 2019 Richards Bay Coal Terminal (RBCT) exported 73.47-million tonnes of coal in 2018, 4.1% less than in 2017. The main export destination of the South African-mined coal was Asia at 81.6%. 

Business insolvencies to remain as long as GDP growth is subdued – Euler Hermes

By: Marleny Arnoldi     22nd January 2019 Credit insurance company Euler Hermes expects business insolvencies in South Africa to increase by about 2% this year, following a 3% increase in 2018. The company stated on Tuesday that this was the first outright deterioration since 2009 and the global financial crisis.  

Reflections on global conventions in a postliberal order

By: Saliem Fakir     18th January 2019 I was in Sharm-El Shaik, Egypt, in November at a gathering of the Convention on Biological Diversity (CBD) of the Conference of the Parties (COP). This enclave of holiday resorts is characterised by daily jostling by tourists mostly from Kiev. At least four flights a day come and in out of the... 

African entities urged to be proactive in growing the continent's economies  

By: Tasneem Bulbulia     17th January 2019 Africa is sitting on the financial periphery and the onus is on entities on the continent to take proactive measures to grow countries’ economies and drive market reforms, Deloitte Africa Emerging Markets MD Dr Martyn Davies said on Thursday. Speaking at the Deloitte Africa in 2019 Outlook... 

Thirty companies form alliance to help curb plastic waste

By: Marleny Arnoldi     16th January 2019 Thirty companies have joined forces to establish the Alliance to End Plastic Waste (AEPW), which aims to advance solutions to reduce and eliminate plastic waste from the environment, especially the ocean. The alliance is a nonprofit organisation that involves companies from across the global... 

AB InBev soars on possible IPO of Asian business 

By: Bloomberg     11th January 2019 Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world’s largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven,... 

Global gold-backed ETF holdings grew 3% in 2018 – World Gold Council

By: Simone Liedtke     8th January 2019 Global gold-backed exchange-traded funds (ETFs) grew by 3% in 2018, and were driven by strong growth in European funds and increased global inflows during December, the World Gold Council’s monthly gold ETF/exchange-traded product (ETP) report, published on Tuesday, shows. This, the report... 

Qld LNG exports reach new heights

By: Esmarie Iannucci     8th January 2019 Liquefied natural gas (LNG) exports through the Port of Gladstone reached a record 20.58-million tonnes in 2018, the Queensland Resources Council (QRC) has revealed, reaffirming the sector’s importance to the Queensland economy. QRC CEO Ian Macfarlane said the data released by Gladstone Ports... 

If you can't pipe it, refine it: Alberta seeks oil glut solution

By: Bloomberg     7th January 2019 What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out. In 2018, surging crude production in the Canadian province ran into limited space on export pipelines, creating bottlenecks and... 

Miners warn of Green's coal ban Bill

By: Esmarie Iannucci     4th January 2019 The resources sector has warned of the detrimental effects a Bill to ban thermal coal mining in the Galilee Basin, in Queensland, would have on the economy. The Galilee Basin (Coal Prohibition Bill) has been introduced by the Greens into the Federal Senate, and if made into law, will see the... 

South Africa coal train derails, export line shut - Transnet

By: Reuters     20th December 2018 A 200-wagon coal train derailed in South Africa on Thursday, shutting down the rail line that links mines to the Richards Bay export terminal, freight firm Transnet said. The crew were unhurt in the incident in which 51 wagons derailed, the State-run company said. 

Glencore hikes coal cost savings forecast by 50%

By: Reuters     31st October 2018 Recent mine acquisitions have helped Glencore Plc achieve 50% more cost savings in its coal business than it had targeted, the world's biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300-million in its coal business... 

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... 

Offgrid firm BBOXX targets two new African markets with EDF – CEO

By: Reuters     30th October 2018 UK-based off-grid power company BBOXX is looking to enter two new African markets in partnership with France's EDF Group next year as it capitalises on growing interest in the sector from large energy companies, its chief executive said on Monday. The two companies announced last week that the... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

New genset aims to transform the power base of Africa’s telecoms towers

By: Natasha Odendaal     26th October 2018 Microturbine generator sets (genset) designer, developer, engineer and manufacturer Bladon Micro Turbine has developed a microturbine genset specifically designed for the global telecoms tower market. The Coventry-based group’s first commercial product, the 12kW Bladon MTG12, aims to dominate the... 

African market opening helps spur R970m Ladysmith tyre investment

By: Schalk Burger     26th October 2018 The state-of-the-art R970-million truck and bus radial (TBR) factory in Ladysmith, KwaZulu-Natal, will produce 24 sizes for the Dunlop, Sumitomo and Falken tyre brands, says Japanese diversified industrial group Sumitomo. The investment to manufacture truck and bus tyres locally are part of the... 

Tourism trend changes present opportunities

By: Tasneem Bulbulia     24th October 2018 Growing South Africa’s tourism industry will depend on an understanding of, and the industry’s reaction to, changing trends in the global tourism industry. Speakers at the South Africa-Italy summit, on Wednesday, pointed out that tourist destination preferences were changing and that there was an... 

Scholars beware: phishing fraudsters hunt for university credentials

24th October 2018 Kaspersky Lab urges academics to be careful online: the company's researchers have detected multiple cyberattacks hitting at least 131 universities in 16 countries, including South Africa, where several well-known universities have experienced at least one phishing attack in the past year. These... 

Secutech 2019 to place spotlight on integrated solutions shaped by artificial intelligence and the IoT

23rd October 2018 Secutech, the leading business platform for safety and security products returns for its 22nd edition next year with a sharpened focus on artificial intelligence and IoT technology. The fair will be held from 8 – 10 May 2019 at the Taipei Nangang Exhibition Centre in Taipei. 
 
IoT and artificial... 

Flow of LME nickel to hidden storage dents bull story

By: Reuters     19th October 2018 The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk by about 40% this year, largely from warehouses in Malaysia, Taiwan... 

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