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ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet 

By: Simone Liedtke     15th October 2018 Luxury aviation company ExecuJet on Monday welcomed the first Pilatus PC-24 aircraft in Africa to its premises at Lanseria International Airport, in Johannesburg. ExecuJet, which held a photo opportunity on Monday, is the first business aviation company in Africa to operate and manage a Pilatus... 

Seifsa president points to ‘signs of green shoots' for metals sector

12th October 2018 In an address at the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Presidential Breakfast on Friday, outgoing interim president Alph Ngapo expressed optimism that the political transition, which saw President Jacob Zuma replaced by President Cyril Ramaphosa earlier... 

ACSA reports fall in earnings in line with lower aeronautical charges

By: Rebecca Campbell     12th October 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported recently that, despite declines in its revenues, profits, and earnings before interest, tax, depreciation and amortisation (Ebitda), it was... 

Mitak's capacity, technology and local manufacture underpins the quality of its high chrome white iron mill liners

8th October 2018 The Johannesburg-based company Mitak, which exhibited for the first time at this year’s Electra Mining 2018, ranks among the world's majors in terms of high chrome white iron (HCWI) foundries. Since its founding in 1973, the company has developed and capitalised on its extensive experience in... 

Charter continues expropriation of investor returns – Paul Miller

By: Nadine James     5th October 2018 Mining Charter 3 has continued its predecessor’s trajectory of setting a “progressive creeping expropriation of investor returns”, CCP 12J Fund MD Paul Miller told delegates at the Joburg Indaba this week. He noted that South Africa had always relied on attracting foreign capital, adding that the... 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

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... 

Govt looking at ‘modernising’ defence funding – Ramaphosa

By: Rebecca Campbell     5th October 2018 President Cyril Ramaphosa has stated that the Government was looking at reducing the dependency of the South African National Defence Force (SANDF) on direct funding by the State. He was delivering the opening address for the Africa Aerospace and Defence 2018 exhibition at Air Force Base... 

International investment in South Africa’s mining industry lagging  

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Mathunjwa calls on govt to implement more socialist policies to retain jobs

By: Nadine James     4th October 2018 South Africa should transition from a constitutional democracy to a “social democracy” and implement more socialist policies to retain jobs in the mining sector, suggests Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa. Speaking on the second day of the Joburg... 

Charter a stepping stone towards mining industry recovery, but tech adoption needed

By: Marleny Arnoldi     3rd October 2018 Exxaro Resources CEO and Minerals Council South Africa (MCSA) president Mxolisi Mgojo said 2018 was a second watershed moment for South Africa’s mining industry, following the finalisation of Mining Charter 3. The first moment of this magnitude, he noted, was in 2004, when the Minerals and... 

High administrative costs, industry uncertainty holding mining back

By: Nadine James     3rd October 2018 The mining sector is poised for a positive future but is still hindered by a “harsh” environment, Minerals Council South Africa CEO Roger Baxter stated at the Joburg Indaba, on Wednesday. In his keynote address, titled ‘A harsh environment in South Africa or a new dawn’, he noted that one of the... 

Minerals Council President Reflects On Industry’s Transformation

3rd October 2018 2018 A Second Watershed Of Mining Industry Minerals Council president Mxolisi Mgojo today told delegates at the Joburg Indaba that in many ways, 2018 will be seen as a second watershed of the mining industry, the first being the promulgation of the MPRDA and the first Mining Charter in the period... 

Roger Baxter Delivers Keynote Address At Joburg Indaba

3rd October 2018 A “Harsh” Environment In SA Or A New Dawn? Minerals Council CEO Roger Baxter today told delegates at the Joburg Indaba that while the South African mining industry is dealing with possibly one of the harshest environments that it has experienced in many decades, the industry is also beginning to... 

Mantashe calls for marketing of platinum

By: Martin Creamer     3rd October 2018 A platinum Mandela coin should be minted and marketed and platinum-catalysed fuel cells used to power off-grid areas, Mineral Resources Minister Gwede Mantashe said on Wednesday. In his opening speech to the well-attended Joburg Indaba, Mantashe, who is seven months into the job, said he had... 

MCSA to engage Mantashe on ‘unresolved’ issues in Mining Charter 3

By: Nadine James     3rd October 2018 The Minerals Council South Africa (MCSA) has resolved to further engage Mineral Resources Minister Gwede Mantashe on “unresolved” issues in Mining Charter 3, which was gazetted on September 27. These unresolved issues include the limited applicability of continuing consequences of past... 

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

By: Terence Creamer     28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Law firms see benefits of gazetted Mining Charter 3, MPRDA amendment Bill removal

By: Simone Liedtke     28th September 2018 To effect the necessary changes that are needed for South Africa’s economy to grow, government and industry will, moving forward, have to focus on economic assessments, instead of policy development, says law firm Webber Wentzel partner and mining sector head Jonathan Veeran. Following the... 

Airports Company reports fall in its earnings but also in its debt

By: Rebecca Campbell     27th September 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported on Thursday that, despite declines in its revenues, profits, and earnings before interest, taxes, depreciation and amortisation (Ebitda), it... 

Solidarity says Sasol’s Khanyisa in breach of Mining Charter 3

By: Marleny Arnoldi     27th September 2018 Trade union Solidarity is of the view that petrochemicals giant Sasol now finds itself on the wrong side of Mining Charter 3, which was gazetted this week. According to the charter, employees must share in company shareholding and all employees must benefit from employee share ownership plans.... 

Half of South Africa's stimulus plan to come from spending shift – Nene

By: Reuters     27th September 2018 South Africa's shifting budget priorities will provide roughly half of the R50-billion ($3.5-billion) in stimulus spending it plans to make by the end of its fiscal year in March, Finance Minister Nhlanhla Nene told Reuters. The rest of the fund would come from internal development finance... 

Mantashe confirms gazetting of Mining Charter 3

By: Simone Liedtke     27th September 2018 Mineral Resources Minister Gwede Mantashe on Thursday confirmed that the Mining Charter 3 had officially been gazetted. Coupled with this, he stated during a media briefing, in Pretoria, that a formal request has been submitted to the Speaker of the National Assembly and the National Council of... 

Mantashe to unpack finalised Mining Charter on Thursday

By: News24Wire      26th September 2018 Minister of Mineral Resources Gwede Mantashe will on Thursday morning brief members of the media on the finalised version of the Mining Charter. The long-awaited release of a renewed charter comes a week after Minister of Communications Nomvula Mokonyane confirmed that it had been approved by... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

Mining Charter to be gazetted next week

By: African News Agency      21st September 2018 The final Mining Charter would be gazetted next week by Mineral Resources Minister, Gwede Mantashe. The Charter was approved with minor amendments by the September 19 Cabinet meeting. 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa's stimulus plan could push rand to R14/$

By: News24Wire      21st September 2018 The rand started Friday off on the front foot, adding to Thursday's 2% gain against the US dollar on good CPI data, healthy inflow in the bond market and as traders await President Cyril Ramaphosa's stimulus package. The local unit added 0.5% to R14.21 to the US dollar before retreating to the... 

Aury Africa enters into empowerment deal with Nkomose Consulting

20th September 2018 Screening and vibrating equipment solutions and services provider Aury Africa has concluded a Broad-Based Black Economic Empowerment (B-BBEE) agreement with 100% black-owned local services company Nkomose Consulting Engineers & Projects. The B-BBEE deal aims to align Aury Africa with the... 

Cabinet’s approval of new Mining Charter a ‘positive’ step – law firm

By: Marleny Arnoldi     20th September 2018 Multinational law firm Herbert Smith Freehills on Thursday welcomed Cabinet’s approval of the new Mining Charter, as well as of the withdrawal of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, as proposed by Mineral Resources Minister Gwede Mantashe earlier this... 

Cabinet approves new Mining Charter 

By: Reuters     20th September 2018 The South African Cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday. Communications Minister Nomvula Mokonyane told reporters that more details about the charter... 

Sasol, Solidarity unable to reach agreement

By: Schalk Burger     19th September 2018 Trade union Solidarity and petrochemicals major Sasol were unable to reach an agreement during talks at the Commission for Conciliation, Mediation and Arbitration (CCMA) on Wednesday. Solidarity CE Dr Dirk Hermann said the mediation was deferred to get more clarity on the final Mining Charter’s... 

South African defence industry at a crossroads – Minister

By: Simone Liedtke     18th September 2018 The South African defence industry is “at a critical crossroads”, says Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula. Speaking at the fourth iteration of the Aerospace, Maritime and Defence (AMD) Conference, in Pretoria, on Tuesday, she said this was as a result of the many... 

Government's economic stimulus package to be made public soon – Presidency

By: African News Agency      17th September 2018 The economic stimulus package adopted by cabinet will reprioritise government spending within the existing fiscal framework towards activities that will stimulate economic activity, the presidency said on Sunday. President Cyril Ramaphosa had "shared" with South Africa’s business and labour... 

Nedlac provides update on legislative changes, stresses need to cooperate to grow economy

By: Marleny Arnoldi     14th September 2018 Labour Minister Mildred Oliphant has announced that the Equity Act will be amended, following a report by the South African Human Rights Commission that found some policies around affirmative action unconstitutional and not aligned with international best practice. She said, in her opening... 

Pioneer expo to promote, enhance local manufacturing

By: Tasneem Bulbulia     14th September 2018 South African capital equipment representative the South African Capital Equipment Export Council (SACEEC) will host the pioneer Local Southern African Manufacturing Expo next year to promote localisation and showcase the country’s manufacturing industry, SACEEC CEO Eric Bruggeman tells... 

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

Establishing and maintaining a sustainable transformation journey

By: Creamer Media Reporter      12th September 2018 SMEC South Africa is a multidisciplinary engineering consulting and infrastructure advisory firm that has been delivering outstanding infrastructure solutions for over 70 years. As a progressive company that delivers engineering excellence, design innovation and advisory services to clients in... 

Collaborative conversation between govt, stakeholders needed to drive mining industry transformation 

By: Simone Liedtke     11th September 2018 Turning around the fortunes of South Africa's mining industry will require greater collaboration between industry stakeholders, Department of Trade and Industry (DTI) director Yusuf Timol said on Tuesday. Speaking at a presentation hosted by the Mining Equipment Manufacturers of South Africa... 

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