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Audi unveils prototype of its first all-electric model

By: Irma Venter     23rd March 2018 Audi has unveiled its e-tron prototype at the 2018 Geneva Motor Show, in Switzerland. The prototype offers a preview of the German brand’s first all-electric model. This is also the vehicle that is scheduled for launch in South Africa in 2019 or 2020. 

EU says expects contacts, no formal talks with US on tariffs this week

By: Reuters     12th March 2018 The European Commission said it expected to be in contact with the US over steel and aluminium tariffs this week, but added that no formal talks were scheduled. "No meetings as such are planned at the moment between US and EU authorities," a spokesman for the European Commission told a regular... 

Audi unveils first electric vehicle in Geneva, set for SA launch by 2020

By: Irma Venter     6th March 2018 Audi has unveiled its e-tron prototype at the 2018 Geneva Motor Show, in Switzerland. The prototype offers a preview of the German brand’s first all-electric model. This is also the vehicle that is scheduled for launch in South Africa in 2019 or 2020. 

Europe's firm response to stop short of trade war with Trump

By: Reuters     2nd March 2018 The firm response Europe has pledged to planned US tariffs on steel and aluminium imports is likely to stop short of triggering the trade war that open market supporters fear. US President Donald Trump said on Thursday the United States would apply duties of 25% on imported steel and 10% on... 

He got rich on Congo mines until bribe probe put future on hold

By: Bloomberg     23rd February 2018 A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go. The US government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime... 

EU warns it will retaliate if hit by US trade curbs

By: Reuters     20th February 2018 The European Commission said on Tuesday it had expressed its concern to Washington about possible measures to curb imports of steel and aluminium and warned that it was ready to react if its industry was hit. "We have made it clear to the US administration at the highest level that we would be... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 People are concerned about noise, emissions and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, general director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 “People are concerned about noise, emissions, and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, General Director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Congo's Gecamines wants to revise contracts with mining partners

By: Reuters     5th February 2018 Democratic Republic of Congo's state mining company Gecamines said on Monday it wanted to renegotiate contracts with its international partners this year to give the state a bigger share of the revenues. Congo is Africa's biggest copper and cobalt producer and also mines gold and diamonds, but it... 

Europe to Trump: If you want a trade war, you'll get one

By: Bloomberg     29th January 2018 The European Union gave President Donald Trump a fresh warning about any US curbs on imports from Europe by pledging swift retaliation, highlighting the persistent risk of a trans-Atlantic trade war. The EU fired the shot across the US bow after Trump said in an interview with ITV broadcast over... 

Analysing customs stats a business imperative

By: Riaan de Lange     26th January 2018 On February 2, 2009, I had my 15 minutes of fame. I will never forget that morning. It was very early in the morning, with only a few cars on the road, as I made my way to my office at the Economics Department of the University of Pretoria, when I got stuck at a robot. It was one of those robots... 

Tracking Europe's waste: 'There's gold in them landfills'

By: Reuters     18th January 2018 Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday. Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste... 

WABCO Acquires Remaining Interest in South African Partnership to Expand in Growth Markets across Sub-Saharan Africa

     7th December 2017 Wholly-owned Business Delivers Improved Access to Market and Enables Full Portfolio Roll-out in the Region BRUSSELS, Belgium, December 4, 2017 – WABCO Holdings Inc., a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles,... 

The cobalt crunch for electric cars could be solved in suburbia

By: Bloomberg     1st December 2017 Almost 9 000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt – the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a doughnut at Tim Hortons. Scientists working for American... 

Engineer to unveil new industry technology

     1st December 2017 High-pressure equipment and technology manufacturer Haskel has revealed that its product engineer Poova Mahmoudian will be unveiling new industry technology, as part of a collaborative technology and research alliance with the US Army. The technology is said to dramatically impact those... 

Dispute at Congo cobalt mine heads to court, halts metal supply

By: Bloomberg     27th November 2017 An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine. Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern... 

In the country where coal is king, a battle with the EU looms

By: Bloomberg     6th November 2017 The buzzword in the Brussels energy and climate bubble is 450, a number that is dividing European Union lawmakers and making coal-dependent Poland fume over upcoming reforms to the world’s biggest carbon market. Negotiators representing the 28-nation bloc and its member states will meet on Nov. 8... 

Davies raises concern over increasing trade protectionism

By: Creamer Media Reporter      20th October 2017 Trade and Industry Minister Dr Rob Davies on Friday raised concern over a rise in trade protectionism. Davies, attending the twentieth African, Caribbean and Pacific (ACP) Ministerial Committee meeting, in Brussels, this week, said sanitary and phytosanitary (SPS) measures and standards were... 

Brexit takes bureaucracy to the atomic level for UK industry

By: Bloomberg     17th October 2017 To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the UK’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a... 

One year into new trade deal, European commissioner urges South African firms to take fuller advantage

By: Terence Creamer     11th October 2017 European Commissioner for Trade Cecilia Malmström will use her upcoming visit to South African to urge business to take fuller advantage of the recently concluded trade agreement between the European Union (EU) and six Southern African countries. The deal came into force just over a year ago on... 

Trade deals, emissions laws set to challenge SA auto industry, warns Toyota Europe’s Van Zyl

By: Irma Venter     29th September 2017 In an effort to clean up ever-increasing pollution, the UK in July announced a proposal that sales of new diesel and petrol cars would come to an end by 2040. This announcement mirrors one made earlier by the French government, with a similar timeline and intent. This means two of South Africa’s... 

Trade deals, emissions laws set to challenge SA auto industry, warns Toyota Europe’s Van Zyl

By: Irma Venter     29th September 2017 In an effort to clean up ever-increasing pollution, the UK in July announced a proposal that sales of new diesel and petrol cars would come to an end by 2040. This announcement mirrors one made earlier by the French government, with a similar timeline and intent. This means two of South Africa’s... 

EU power generators warn plan to cut use of coal may backfire

By: Bloomberg     26th September 2017 A group representing power generators across the European Union warned that the bloc’s plans to limit the use of coal may backfire, encouraging utilities to seek returns on new fossil-fuel plants instead of putting money into clean energy. European Commission is considering a law that would... 

First-generation biofuels just as sustainable as second – report

By: Creamer Media Reporter      8th September 2017 A new study on bioethanol has revealed that first-generation biofuels are “just as sustainable” as second-generation biofuels and that both show significant reductions of greenhouse gas emissions (GHG) and promote climate change mitigation. Conducting a quantitative and qualitative sustainability... 

South African companies urged to prepare for Brexit

By: Keith Campbell     25th August 2017 Analysts with international professional (including legal and financial) services group Herbert Smith Freehills have urged South African companies doing business with the UK to take care that their interests would be protected as Britain leaves the European Union (EU) – a process popularly known... 

US Embassy welcomes new Consul General to Cape Town

     11th August 2017 Consul General Virginia Blaser has been appointed to lead the Consulate General in Cape Town. “Consul General Blaser brings extensive experience from across the continent, where she led key US embassies, promoting trade and investment, empowering women and young leaders, and supporting... 

EU activates 'all diplomatic channels' over new US sanctions on Russia

By: Reuters     24th July 2017 The European Commission is concerned about new US sanctions on Russia that could impact Europe's energy security and has activated "all diplomatic channels" to resolve the issue. US Republicans and Democrats reached a deal on legislation to allow new sanctions against Russia, which has led to... 

China's new Silk Road encroaches on US turf in Eastern Europe

By: Bloomberg     12th July 2017 In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China. Mrkic, a one-time Foreign Minister,... 

International nuclear regulatory body selects South African for key post

By: Keith Campbell     7th July 2017 South Africa’s National Nuclear Regulator (NNR) CEO Dr Bismark Tyobeka has been appointed Chairperson of the Regulatory Cooperation Forum (RCF) of the International Atomic Energy Agency (IAEA), the NNR announced late last month. The appointment was decided at the annual RCF Steering Committee... 

Global atomic agency selects South African for key regulatory post

By: Keith Campbell     23rd June 2017 South Africa’s National Nuclear Regulator (NNR) CEO Dr Bismark Tyobeka has been appointed chairperson of the Regulatory Cooperation Forum (RCF) of the International Atomic Energy Agency (IAEA), the NNR announced on Friday. The appointment was decided at the annual RCF Steering Committee meeting... 

EU, China show united climate front after Trump shuns global pact

By: Bloomberg     16th June 2017 The European Union (EU) and China displayed a united front over the need to fight climate change while revealing nagging differences over the path to deeper trade and investment ties. Jean-Claude Juncker, president of the European Commission, the EU’s executive arm, said Europe and China must... 

Barry Owen

     9th June 2017 This week we feature Barry Owen, MD of Bobcat Equipment, Bobcat Rental and Goscor Earthmoving Equipment, which are involved in the sale, service and rental of compact and other earthmoving equipment   

Glencore cobalt supplies in Congo face hold up over mine row

By: Bloomberg     19th April 2017 A dispute between State-owned Gecamines and its joint venture partner at a Congolese cobalt mine that supplies Glencore threatens to halt the supply of as much as 4% of the metal within two months. Jersey-registered GTL, a joint venture between Gecamines and closely held Groupe Forrest... 

Africa’s first Radisson RED hotel to open in V&A Waterfront Silo District

By: Creamer Media Reporter      10th April 2017 Africa’s first Radisson RED hotel is set to open in the third quarter of 2017 at the V&A Waterfront’s newly revamped Silo District, in Cape Town. The hotel chain, which successfully launched RED hotels in Brussels, Belgium, and Minneapolis, in the US, and with RED hotels in Campinas, Brazil, and... 

Laptop bomb threat is real and expect restrictions to go global

By: Keith Campbell     31st March 2017 Just about 15 months ago, on February 2, 2016, a suicide bomber detonated a bomb onboard an Airbus A321 airliner of Daallo Airlines some 15 to 20 minutes after it took off from Mogadishu Airport. The bomb blew a roughly one square metre hole in the aircraft’s fuselage. Fortunately, it had been... 

Significant growth ensures positive future for defence company

     24th February 2017 Swedish security and defence group Saab’s South African defence and security company Saab Grintek Defence (SGD) has expanded its client base and grown its staff complement, explaining that Saab Grintek Defence has a solid order book to 2020, firmly positioning the South African security and... 

SABMiller, AB InBev merger to cross final hurdles, conclude by Oct 

By: Natasha Odendaal     2nd August 2016 JSE-listed SABMiller and multilisted Anheuser-Busch InBev (AB InBev) continue to steadily tick off preconditions and jurisdictional approvals in a landmark deal that will see the two companies merge to form a global beer conglomerate by October. In a joint statement on Tuesday, the duo announced... 

Volatile rand dives over Brexit as Fed silver lining emerges

By: News24Wire      27th June 2016 The rand remained the worst performing emerging market currency on Monday, but an analyst said there is a silver lining for the local unit. It continued to show its volatile nature on Monday, after losses against the dollar swung between 2% and 8.5% on Friday. 

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