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Press Office - Metric Automotive Engineering - Reef Fuel

Metric Automotive Engineering - Reef Fuel

Reef Fuel Injection Services is a leading diesel service centre and is an authorised service agent to all five leading diesel fuel injection systems – Bosch, Caterpillar, Delphi, Denso and Stanadyne.

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Crystal Events Africa

     18th August 2017 Crystal Events Africa, formerly Crystal Events & Incentives, is a leading conference, incentive travel and corporate meeting organiser in South Africa. Its recent expansion into Africa has increased its business capacity to successfully drive intercontinental business through in-bound incentive... 

Firms joining forces to raise $500m for mining projects, particularly in Africa

By: Ilan Solomons     18th August 2017 Mining investment advisory company MX Mining Capital Advisors and law firm Norton Rose Fulbright South Africa are collaborating to assist in raising about $500-million in finance for mining projects worldwide and for Africa based ones in particularly. MX Mining is focused on raising capital and... 

The real conflict is between truth and lies

By: Riaan de Lange     18th August 2017 The Real Conflict is between Truth and Lies It is 21 hours since the unthinkable has happened, an event which has divided, and is expected to continue to divide, the athletics world for the foreseeable future. It will take the athletics world a considerable time to recover from the effects of the... 

PPC Q1 trading in line with expectations

By: Creamer Media Reporter      17th August 2017 Cement maker PPC on Thursday said its first-quarter revenue had tracked ahead of the comparative period in the prior year, while group earnings before interest, taxes, depreciation and amortisation (Ebitda) were in line with that of the first quarter of the previous year. However, while the South... 

Gem mulls Ghaghoo buyout offer; H1 revenues decrease

By: Creamer Media Reporter      17th August 2017 LSE-listed Gem Diamonds, which on Thursday reported lower revenue and earnings for the six months to June 30, is considering an offer from an undisclosed party that is interested in buying its Ghaghoo mine, in Botswana, which was placed on care and maintenance earlier this year. The company in... 

DPO acquires VCS South Africa

By: Creamer Media Reporter      17th August 2017 Payment services provider Direct Pay Online (DPO) Group has acquired Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of the VCS group, following the earlier acquisition of VCS Namibia and VCS Botswana. It also bolsters DPO’s position in Southern Africa post... 

Connemara appoints new CEO

By: Samantha Herbst     14th August 2017 Aim-listed Irish exploration company Connemara Mining has appointed Patrick Cullen its new CEO, effective from Monday.   Cullen boasts over 20 years of experience in the mining and exploration sector, most recently as a director of UK-based mining and metals company Kodal Norway. He was also... 

BI appoints new Human Resources Manager

     11th August 2017 Leading distributor Bearings International (BI), a member of the Hudaco Group, has appointed Colleen Daniels as Human Resources Manager at BI Parkhaven, with effect from 2 May 2017. As part of the management team, Daniels will report directly to CEO Burtie Roberts. BI’s main industry focus is the... 

South Africa sets up entity to house all radio astronomy facilities

By: Keith Campbell     11th August 2017 South Africa has consolidated its radio astronomy facilities into a single institution, the South African Radio Astronomy Observatory (SARAO). This happened at the end of last month when Science and Technology Minister Naledi Pandor announced that the Hartebeesthoek Radio Astronomy Observatory... 

Sunrise Energy liquefied petroleum gas import terminal, South Africa

By: Creamer Media Reporter      11th August 2017 The terminal was officially launched on August 8. 

IMF revises Botswana's 2017 growth forecast as diamond demand rises

By: Reuters     10th August 2017 The International Monetary Fund (IMF) has revised Botswana's 2017 and 2018 economic growth forecast due to rising diamond demand, investment in the water and power sector and reforms to attract investment. The IMF on Wednesday lifted diamond-producer's 2017 and 2018 economic growth forecast to... 

Volvo Car SA ready for hybrid, electric vehicle rollout post-2019, says MD

By: Irma Venter     10th August 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

By: Anine Kilian     7th August 2017 Sunrise Energy's R1.02-billion open-access liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, in the Western Cape, will enable the import of LPG in large quantities, boosting regional energy security and increasing downstream competition. The facility, which is Africa's... 

Lucara Diamond mulls partnership to sell world's largest uncut stone

By: Reuters     7th August 2017 Nearly two years after unearthing a tennis ball-sized 1 109 ct rough diamond, Lucara Diamond Corp is considering forming a partnership to sell the stone if it still does not have a deal in the next six to eight weeks. Lucara, which failed to sell the world's largest uncut stone at Sotheby's... 

HMA South Africa announces exclusive Fireye distributorship

     4th August 2017 The Fireye range of flame monitoring and combustion control equipment for industries as diverse as petrochemical and power generation is now available from HMA South Africa, the newly-appointed exclusive distributor for the region. Already well-established in the South African market for about 33... 

Lucara lowers FY production, sales guidance

By: Anine Kilian     4th August 2017 Vancouver-based diamond producer Lucara Diamonds, which operates the Karowe mine, in Botswana, has lowered its full-year production guidance to between 265 000 ct and 285 000 ct, compared with the previously targeted 290 000 ct to 310 000 ct, as a result of lower mined ore volumes in the second... 

On-The-Air (04/08/2017) 

By: Martin Creamer     4th August 2017 Royal Bafokeng Platinum this week urged the government to impose stricter air pollution control; The names of all IDC clients, including politically exposed people, are now being made public; and Botswana is taking steps to build its own Sasol. 

MBSA preparing to enter ‘competitive’ bakkie market early next year

By: Irma Venter     4th August 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

SADC needs to promote intra-bloc trade and South Africa should lead – OECD

By: Keith Campbell     4th August 2017 The Organisation for Economic Cooperation and Development (OECD), in its July 2017 survey of the South African economy, has urged South Africa to promote further economic integration within the Southern African Development Community (SADC). “SADC is already the largest export market and a major... 

SADC urged to liberalise services and improve business environments

By: Keith Campbell     4th August 2017 In addition to making intraregional trade in goods easier, the member countries of the Southern African Development Community (SADC) should facilitate intra-bloc trade in services and improve their business environments, the Organisation of Economic Cooperation and Development (OECD) argued in... 

UK reassures Sacu about future trade relations, reaffirms commitment to free trade

By: Keith Campbell     4th August 2017 The Southern African Customs Union (SACU) has welcomed the UK’s intention of preventing disruption of trade relations with other countries as it leaves the European Union (EU). This was affirmed in a Joint Statement issued by SACU and the UK following discussions between Trade Ministers from the... 

Botswana Diamonds raises funds for Vutomi project

By: Creamer Media Reporter      3rd August 2017 Aim-listed Botswana Diamonds has raised £868 576 through the issue of 79.48-million new ordinary shares to take its Vutomi project, at Frischgewaagt, in South Africa, to inferred resources status and to continue its exploration activities Pursuant to the receipt of conversion notices from holders... 

Lucara’s search to sell giant ‘Lesedi La Rona’ diamond leads beyond the ‘Ferrari-buying type’

By: Henry Lazenby     29th July 2017 It is one thing to find big flawless diamonds, but an entirely different ball game to sell large diamonds as big as the ‘Lesedi La Rona’ stone that Lucara Diamond Corp recovered from its Karowe mine, in Botswana. “It’s difficult for people to understand what a rough diamond would yield. It’s hard... 

African countries embrace alternative energy sources

     28th July 2017 With African governments realising that long-term power solutions will not come in the form of one technology, South Africa’s Department of Energy is advocating advances in coal, renewable energy, gas and nuclear technologies, says global engineering, procurement, construction and consulting... 

Automotive future positive through telematics 

By: Victor Moolman     28th July 2017 The future for automotive fleet management through telematics is positive, says JSE-listed fleet management, insurance telematics and stolen vehicle recovery service provider Cartrack. 

Technology, digital solutions part of Botswana firm’s microfinance arsenal as it expands across Africa 

By: David Oliveira     28th July 2017 Botswana-based microfinance company Letshego Holdings, which operates in 11 African countries, aims to use technology and digital solutions to affect economic redress in Africa and provide financial inclusion for the continent’s most underserved markets. Letshego MD Chris Low explains that the... 

SacOil to acquire local fuels wholesaler

By: Samantha Herbst     27th July 2017 JSE-listed SacOil is in talks to acquire a South African fuels wholesaler that owns and operates a substantial fleet of heavy-duty tankers, the company announced Thursday. The wholesaler sells fuel products, namely diesel, petrol and paraffin, on a bulk basis to its customers operating within... 

UP researchers join fight against avian flu

By: Natasha Odendaal     25th July 2017 With four South African farms having been hit by the current bird flu outbreak, University of Pretoria (UP) researchers have joined the poultry industry and the Department of Agriculture, Forestry and Fisheries (DAFF) to contain the highly pathogenic avian influenza, or H5N8 variant of bird flu.... 

Botswana hopes to strike deal with Norilsk soon over Nkomati mine

By: Reuters     25th July 2017 Botswana aims to resolve a dispute with Norilsk Nickel (Nornickel) next month over a failed deal in which the country's BCL Mine was to buy the Russian firm's 50% stake in the Nkomati mine. "Due diligence and valuation exercises are being carried out to establish the value of the Nkomati assets... 

Gem encouraged by recovery of more 100 ct-plus diamonds at Letšeng

By: Creamer Media Reporter      25th July 2017 London-listed Gem Diamonds is encouraged by the improvement in the recovery of diamonds larger than 100 ct at its Letšeng mine, in Lesotho, during the first half of this year. It recovered four diamonds larger than 100 ct in the six months to June 30, and another in July. 

Botswana coal mine stalls as farmers reject compensation deal

By: Reuters     24th July 2017 Development of a new 1.35-million-tonne-a-year coal mine in Botswana has stalled due to a dispute over compensation payable to farmers holding surface rights in the proposed mining area, the company developing the mine said on Monday. The open cast mine is meant to supply coal to a new 300 MW... 

Alrosa's H1 diamond output up 14%

By: Mariaan Webb     24th July 2017 Russian mining giant Alrosa boosted its diamond production by 14% year-on-year in the first six months of 2017, as higher diamond grades were achieved from several pipes. The company produced 19.3-million carats of rough diamonds from the processing of 16.9-million tons of ore and sand. 

Botswana invites bids for coal-to-liquids project

By: Martin Creamer     24th July 2017 The Botswana government is seeking prospective bidders for the establishment of a coal-to-liquids plant in the Southern African county, with support from its State-owned oil company, Botswana Oil. Botswana Oil, which manages State-owned strategic fuel reserve facilities, says in a... 

New approach needed to develop Africa’s energy landscape

By: Natasha Odendaal     20th July 2017 Emerging from the closing panel at the PowerGen Africa conference is a strong new message – a different approach is needed to unlock 100% electricity access across Africa. There was no more time for discussions, no more time for political ramblings and no more time to rely on the traditional... 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

UK reassures SACU about future trade relations

By: Keith Campbell     20th July 2017 The Southern African Customs Union (SACU) has welcomed the UK’s intention of preventing disruption of trade relations with other countries as it leaves the European Union (EU). This was affirmed in a Joint Statement issued by SACU and the UK following discussions between Trade Ministers from the... 

Mercedes-Benz seeks ‘fair share’ of growing bakkie market with new X-Class 

By: Irma Venter     20th July 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

Botswana Diamonds’ Vutomi licences extended adjacent to Frischgewaagt

By: Natasha Odendaal     17th July 2017 Dual-listed Botswana Diamonds has been granted a prospecting licence over an additional 1 000 ha immediately east of and contiguous to its Frischgewaagt project, in South Africa. The explorer’s current drilling programme, which is expected to start within weeks, will be extended into the new... 

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