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Eskom support will weigh on South Africa's finances – S&P Global

By: Reuters     22nd February 2019 South Africa's support plan for struggling state-owned electricity firm Eskom will put further strain on the country's finances, rating agency S&P Global said on Thursday, although it should be offset to a degree by easing external pressures. In his maiden budget speech on Wednesday Finance... 

De Beers says laboratory-grown diamond wholesale prices fall by up to 60%

By: Reuters     22nd February 2019 Wholesale prices for laboratory-grown diamonds have fallen by up to 60% since De Beers began selling synthetic stones for jewellery in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall. De Beers, part of mining group Anglo American, shocked the... 

Global general aviation show comes to S Africa

22nd February 2019 The global general aviation show AERO Friedrichshafen – that has been successfully taking place at Lake Constance in Germany for over 40 years – is now set to expand to South Africa in July of this year. From July 4 to 6, Messe Frankfurt South Africa will play host to the first AERO South Africa.... 

AfriSam expects ‘tough 2019’ amid continuing political, policy uncertainty  

By: Simone Liedtke     21st February 2019 Construction materials company AfriSam CEO Rob Wessels expects “a tough 2019”, especially amid ongoing political and policy uncertainty. Wessels was, on Thursday, joined by political analyst Aubrey Matshiqi and AfriSam sales and marketing executive Richard Tomes at a briefing post Finance... 

Disruptive technology for constructive change

By: Creamer Media Reporter      21st February 2019 The word ‘disruption’ is a noun, used to describe a disturbance or problem that interrupts an event. So, when we talk about disruptive innovation or disruptive technology, these phrases may evoke thoughts of chaos. However, when done right, disruptive technology can break the confines of... 

Lucapa prioritises high-value diamond production, resources

By: Tasneem Bulbulia     20th February 2019 Following a board review of the company’s diamond assets, Lucapa Diamond Company will prioritise production and cash generation from its two high-value diamond mines, the Lulo alluvial mine, in Angola, and the Mothae kimberlite mine, in Lesotho, to ensure shareholder value is maximised. This... 

Clinix brings world-class cardiac facilities to Soweto

18th February 2019 Clinix Health Group, South Africa’s black owned and managed private health care provider has been granted a license from the Gauteng Department of Health to operate a cardiac services facility at its Dr SK Matseke Memorial Hospital in Diepkloof, Soweto. Reflecting on the significance of this for... 

SAA to reorganise in turnaround drive

By: Reuters     18th February 2019 Struggling State-owned airline, South African Airways (SAA) will reorganise into three business units as part of a revamp plan that could also involve the partial sale of its catering unit, its chief executive officer said on Monday. Vuyani Jarana said during a briefing that South African Airways... 

Bearing and seal design considerations for tunnel boring machines

15th February 2019 The safe, reliable operation of tunnel boring equipment relies on the integrity of critical bearings and seals Once construction starts, there’s no going back. A tunnel boring machine (TBM) is not equipped with a reverse gear, so it is imperative that the machine is able to complete its job... 

Mantashe to visit Glory coal mine where 22 men are still trapped underground

By: News24Wire      15th February 2019 Mineral Resources Minister Gwede Mantashe is expected to pay a visit to the Gloria coal mine near Middelburg, Mpumalanga, where 22 alleged copper thieves have been trapped and are believed dead following an explosion at the beginning of February. A group of 42 men, reportedly Lesotho nationals,... 

Hostile construction environment to persist until infrastructure spend recovers 

By: Nadine James     15th February 2019 Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, deriving from lacklustre economic growth and a backlog in tender adjudication, as some of the reasons why the sector is... 

Hostile construction environment to persist until infrastructure spend recovers

By: Nadine James     15th February 2019 Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, deriving from lacklustre economic growth and a backlog in tender adjudication, as some of the reasons why the sector is... 

Isuzu consolidates truck and bakkie manufacturing plants

By: Tasneem Bulbulia     14th February 2019 Isuzu Motors South Africa has consolidated its truck and bakkie manufacturing plant – relocating its truck production facilities from Kempston Road, in Port Elizabeth, to its new headquarters in Struandale, Port Elizabeth, where all truck and bakkie manufacturing will now take place. The... 

ECSA Voluntary Association recognition for ITC-SA

14th February 2019 The Institute for Timber Construction South Africa (ITC-SA), South Africa’s professional body for the engineered timber construction sector, has been recognized as a Voluntary Association in line with the newly-gazetted Voluntary Associations Recognition Framework, which came into effect in 2018.... 

Afgri Technology Services partners with UP organisation to foster agri innovation

By: Marleny Arnoldi     13th February 2019 Afgri Technology Services (ATS) has partnered with the University of Pretoria’s (UP’s) TuksNovation to foster innovation in the agricultural sector. TuksNovation is a nonprofit organisation founded by the university, in partnership with the departments of Trade and Industry and Small Business... 

Sibanye considers closing unprofitable shafts at gold mines 

By: Bloomberg     12th February 2019 Sibanye Gold is considering shutting unprofitable shafts and cutting jobs at its South African gold mines amid a three-month-old wage strike that’s curbing output. The nation’s largest gold producer has talked with some labor unions about a potential restructuring, which could lead to job cuts,... 

Outa calls for bold decisions to end load shedding

By: African News Agency      12th February 2019 The Organisation Undoing Tax Abuse (Outa) on Tuesday called on government to make bold interventions to minimise load shedding by the State-owned power utility. This as Eskom on Monday unexpectedly began cutting off power supply with stage 4 load shedding after six power generating units tripped.... 

Vale's rout lures locals while foreigners remain wary, UBS says

By: Bloomberg     11th February 2019 Local investors are starting to see value in Vale SA shares after a fatal accident last month wiped out nearly a quarter of its market value, while global investors remain skeptical, according to UBS Group. Approximately 80% of Brazilian investors are showing interest in buying Vale after the... 

Disgruntled unpaid mineworkers allegedly hampering rescue efforts at Gloria coal mine

By: News24Wire      11th February 2019 The fate of approximately 22 alleged copper thieves trapped underground hangs in the balance as rescue efforts are allegedly being hampered by disgruntled unpaid mineworkers. "They have threatened us and the contractors and they've told us under no circumstances are we allowed to continue [rescue... 

Ford’s Silverton plant starts production of refreshed Ranger 

By: Irma Venter     11th February 2019 Ford’s Silverton vehicle assembly plant in Pretoria has started production of the refreshed 2019 Ford Ranger. “Following the investment of over R3-billion in our local operations and extensive upgrades to our plants over the past 18 months, we are delighted to see the first of the new Ford Ranger... 

Sebenza substation officially opened

By: Tasneem Bulbulia     7th February 2019 City Power on Thursday officially launched the newly-built Sebenza 400 kV – 275/132 kV intake substation, built and project managed by Consolidated Power Projects (Conco) on behalf of City Power. The ribbon cutting marking the opening was undertaken by Johannesburg Mayor Herman Mashaba and City... 

Sandvik, Resolute gear up for the fully automated Syama gold mine

By: Kim Cloete     7th February 2019 Global engineering group, Sandvik, is looking forward to moving full steam ahead in its partnership with Resolute Mining to fully automate the Syama underground gold mine.  The Syama underground mine is set to be the world’s first purpose-built, fully automated sublevel cave gold mine. 

New graphite factory bolsters mining, foundry product offerings

By: Schalk Burger     7th February 2019 A new graphite facility, Graphite Freezeline Solutions, was opened last month on industrial engineering firm Thos Begbie’s manufacturing campus, in Middelburg. It will reduce the time to manufacture products that include graphite components, especially for the mining and foundry industry, says... 

Vale loses licence at dam that caused iron-ore force majeure

By: Bloomberg     7th February 2019 Vale’s licence to operate a dam key to production at one of its largest mines was revoked by a Brazilian state regulator on February 5, adding another hurdle to efforts by the iron ore king to return to normal operations. Shares declined. The world’s largest miner of the steelmaking ingredient... 

De Beers to spend R30m on diamond exploration this year  

By: Martin Creamer     6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... 

Obuasi mine to be an engine of growth for AngloGold, says CEO

By: Kim Cloete     6th February 2019 AngloGold Ashanti CEO Kelvin Dushnisky is very upbeat about developing its Obuasi gold mine, in Ghana, and has described it as being "in a class of its own on a number of metrics".  “It will be an engine of growth for this company. You need big, chunky engines of growth which, year after year,... 

Eskom lays bare its monumental challenges 

By: Martin Creamer     4th February 2019 When Eskom had 32 000 employees, debt of R40-billion and an output of 40 000 MW, it was a world-beater, Eskom group CE Phakamani Hadebe said on Monday. But its current employee level of 47 000 employees, debt of R440-billion and output of only 38 000 MW are presenting major turn-around challenges. 

Transnet says coal exports expected to dip this year

By: Kim Cloete     1st February 2019 Coal exports are expected to drop this year, following a disappointingly slow run over the past few months, says Transnet Freight Rail coal GM Mandisa Mondi. “For the current financial year, the target for export was 77-million tonnes. We are trending at 73-million tonnes. We hope to have a good... 

Conference to focus on Africa’s manufacturing potential

By: Jessica Oosthuizen     1st February 2019 This year, the Manufacturing Indaba’s theme is Untapped Potential – The Growth and Development of Manufacturing and Industrialisation to Unlock Africa’s Potential. Event organiser Siyenza Management MD Liz Hart points out that the launch of the African Continental Free Trade Area – a single... 

‘Scale’ matters in South Africa’s logistics game

1st February 2019 Scale matters to competitive advantage and doing more with less through technology, consolidation and networking enables South Africa-based and -managed freight solutions provider Bidvest Panalpina Logistics’ (BPL’s) larger service offering at a lower unit cost. The concept of scale – the average... 

Trans-Gambia bridge a boon for trade, but a blow for local traders

By: Reuters     31st January 2019 A gleaming new bridge in West Africa is transforming transport between Gambia and Senegal, but spells disaster for traders making a living off travellers making the agonising wait to catch a ferry across the Gambia River. Gambia is a sliver of land on either side of the river cutting through the... 

Precision farming enables cost savings in a tight economy 

31st January 2019 Agricultural equipment manufacturer John Deere has evolved from supplying ploughs more than two centuries ago, to farmers being able to control their whole fleet through an app. Marleny Arnoldi tells us more about precision farming. 

Epiroc anchors down on safety and productivity with new Cabletec SL

31st January 2019 Epiroc understands that safety and productivity are fundamental to a mine’s sustainable future and this was the inspiration behind the design and development of the latest ground-breaking fully mechanised Cabletec SL. Mines are increasingly recognising the invaluable role of automation and... 

How South Africa could fix distressed Eskom

By: Bloomberg     31st January 2019 South Africa’s government will announce within a month how it plans to fix Eskom Holdings, the embattled state utility that supplies more than 90% of the nation’s power. There are no easy remedies. The company is R419-billion in debt, is losing money hand over fist, has way more staff than it... 

Workshop17 and Township Fleva join forces to develop township talent

30th January 2019 Maboneng coworking space transforms into a centre for skills and business development Sixty young township learners will have a brighter future because of an innovative new programme designed to empower individuals, create jobs and benefit businesses both big and small. 

South Africa's largest labour union plans nationwide strike over mass layoffs  

By: Reuters     30th January 2019 South Africa's largest labour union group, with more than a million and a half members, said on Wednesday it would stage a nationwide strike on Feb. 13 over large-scale layoffs at ailing state-owned firms and at private companies. The decision by the Congress of South African Trade Unions... 

High-Precision Chemical Fingerprint Allows Unambiguous Identification

30th January 2019 EQ BOKU at the University of Natural Resources and Life Sciences, Vienna uses high-tech approach to classification of 42 wines Numerous components of 42 different wines have been analysed using state-of-the-art equipment for the first time. The data generated will provide an extremely accurate... 

Vedanta’s Zambia unit says new tax regime won't affect jobs

By: Bloomberg     30th January 2019 Vedanta's Zambian unit will press ahead with expansion plans even as the government of Africa’s second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers. The assurance by Konkola Copper Mines, following a meeting between management and government... 

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