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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... 

African Chemicals Imbizo registers impressive growth

By: Natasha Odendaal     19th October 2018 The fourth African Chemicals Imbizo, to be held in Durban from October 24 to 25, is expected to be the largest one in its four-year history. Starting as a modest concept of meetings between members of the Durban Chemicals Cluster (DCC) – a public-private partnership between eThekwini municipality... 

South African mint shines in Africa

By: Natasha Odendaal     19th October 2018 The South African Mint’s (SA Mint’s) master craft and secure manufacturing has made it one of the top preferred manufacturers of coins and coin blanks in the world, and a valuable partner across Africa. The famous producer of circulation and commemorative coins has, on its CV, an impressive list... 

Liquid eyes further expansion as Cape to Cairo links up

By: Natasha Odendaal     18th October 2018 Pan-African telecommunications group Liquid Telecom is eyeing further expansion across the African continent after completing its Phase 1 decade-long project of connecting a 60 000 km network from Cape Town, South Africa, to Cairo, Egypt. The group on Thursday reported that, following the... 

SA yet to achieve land reform in urban areas, says deputy minister

By: News24Wire      15th October 2018 There has not been any substantial land reform and restitution in urban areas in South Africa. So says Deputy Minister for Cooperative Governance and Traditional Affairs Andries Nel, who was speaking at the Planning Africa 2018 conference on Monday. 

Gold comes alive in biggest jump since 2016 after equities roiled

By: Bloomberg     12th October 2018 Gold may have finally snapped out of its inertia. On Thursday, prices posted the biggest gain since June 2016, when the UK voted to exit the European Union, after a slump in global equity markets stoked demand for the metal as a store of value. Bullion received another shot in the arm after data... 

Hilti

12th October 2018 Founded in 1941 in Schaan, Lichtenstein, Hilti is a family owned company with a long and proud tradition of providing system solutions for the construction industry, and as a world leader in fastening and demolition technology. For over 75 years, the company focuses on creating enthusiastic... 

Gold gets ignored as global equity rout fails to fire up havens

By: Bloomberg     11th October 2018 Equities are plummeting, President Donald Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble such as gold are not getting any love. The biggest selloff in equities since February rolled through Asia and into Europe on Thursday,... 

Chryso Group Announces Another Key Acquisition

9th October 2018 The Chryso Group, with head office in France and represented locally by the Chryso Southern Africa Group, has announced another acquisition. The leading player in chemistry for construction materials, has expanded its admixture business in Ireland with the acquisition of Chemtec Admixtures... 

Bladon’s new microturbine genset to power up telecoms towers

By: Natasha Odendaal     9th October 2018 UK-based engineering pioneer Bladon Micro Turbine has launched its first commercial product, the Bladon MTG12 – a 12 kW (15 kVA) microturbine generator set (genset) dedicated to powering global telecoms towers. The microturbine genset manufacturer aims to dominate the telecoms tower market where... 

IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite

By: Reuters     9th October 2018 The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The... 

Sumitomo Rubber Unveils R970 million Tyre Production Facility in Ladysmith

2nd October 2018 Sumitomo Rubber South Africa (PTY) LTD (SRSA), manufacturer of the popular Dunlop, Sumitomo and Falken tyre brands, officially launched its new, state-of-the-art Truck and Bus Radial (TBR) factory in Ladysmith, KwaZulu-Natal on Tuesday, 02 October 2018. This second phase of SRSA’s... 

Randgold's hook-up with Barrick to leave large void in London market

By: Reuters     2nd October 2018 A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada's Barrick Gold has agreed to buy Africa-focused Randgold for $6.5-billion to create the world's largest gold... 

Pilbara readies for first shipment

By: Esmarie Iannucci     1st October 2018 Lithium miner Pilbara Minerals has loaded its maiden shipment of spodumene concentrate at Port Hedland, which is expected to depart shortly to offtake partners in Asia. The company’s chartered vessel is expected to receive up to 8 800 t of spodumene concentrate, with the product being loaded... 

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... 

Air freight volumes see reduced growth, but yields remain good

By: Rebecca Campbell     28th September 2018 The International Air Transport Association (IATA) has reported, in its “Cargo Chartbook Q3 2018”, that the yearly increase in air freight ton/kilometres (FTKs) had decelerated to 2.8% during the three month period ending in July. This was “its slowest pace on this basis in more than two years,”... 

Unbalanced trade heightens inequality – Unctad

By: Tasneem Bulbulia     26th September 2018 Trade under hyperglobalisation has failed to foster broad-base structural change in developing countries and has contributed to increased worldwide inequality, the United Nations Conference on Trade and Development (Unctad) says. Its Trade and Development Report for 2018, entitled ‘Power,... 

Cummins Filtration Africa Middle East produces best in class coolant and air filtration

26th September 2018 Cummins Filtration’s coolant and air filtration production plant in Woodmead, Johannesburg is the most modern in the Cummins Group globally. Apart from producing products of world-class quality, the facility also prides itself on its exemplary safety record since being established in 2015. The... 

Jendamark MD to vie for prestigious African business leadership award

25th September 2018 Quinton Uren flies Nelson Mandela Bay flag high QUINTON Uren, managing director of Port Elizabeth-based global technology company Jendamark Automation, was named a finalist in the prestigious All Africa Business Leaders Awards at an event in Johannesburg last night [Thursday, September 20]. 

Uniflex-Hydraulik GmbH / 2-year warranty

25th September 2018 Social-Media-Post HM 665 with Control C.2: The top production crimper with an opening stroke of more than 180 mm. Thanks to an opening diameter without dies of 580 mm, the HM 665 can be used to crimp industrial hoses up to 12" with ANSI flanges and pipe fittings up to 16" without removing the... 

Domestic Manufactures Must Work Together To Survive

By: Creamer Media Reporter      25th September 2018 The global trade war between two of the world’s largest economies has the potential to render global growth less synchronised, less certain and less supportive of emerging economies. Moreover, weaknesses in the global economy would make it even more difficult for South Africa to accelerate its... 

US private equity firm launches Coronado Coal IPO in Australia

By: Reuters     24th September 2018 US private equity firm Energy and Minerals Group (EMG) on Monday kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3-billion for 30% of the group. The float will give the company an enterprise value of up to A$4.4-billion, making it the biggest coal... 

Mongolian court says copper mine nationalisation broke laws

By: Reuters     21st September 2018 The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine, a local court said on Thursday, the latest ruling in a long-running ownership dispute over one of Asia's biggest deposits. The Mongolian Copper Corporation (MCC) has been... 

Goldman backs commodities as trade war fury now met with shrugs

By: Bloomberg     21st September 2018 Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week... 

The industrialisation debate in SA – what are the lessons?

By: Saliem Fakir     21st September 2018 Manufacturing has been in slow decline in the past decade or so. The sector has always been treated as a useful link between mining and higher-value beneficiation. Light and heavy industrialisation were, and in some respects still are, at the core of South Africa's industrial base. Before the... 

Minergy lauds Botswana regulatory authorities

By: Martin Creamer     20th September 2018 Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment. Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north... 

Rolls-Royce launches new range of powerful medium speed V-Engines

20th September 2018 New B33:45 liquid fuel and B36:45 gas V-engine series with 12, 16 and 20 cylinder At 600 KW per cylinder the new engines offer a 20 per cent increase in power Perfect fit for hybrid systems with renewable energy sources Rolls-Royce has today launched a V-line version of the new B33:45 liquid... 

With copper options, China steps up challenge to London, New York rivals

By: Reuters     20th September 2018 The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as... 

Nickel producers eye Indonesia to plug into EV battery market

By: Reuters     14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... 

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