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Koko says he is 'moving on', despite Eskom court victory

By: News24Wire      22nd February 2018 The Labour Court on Wednesday ruled in favour of controversial former Eskom executive Matshela Koko, but he said it was too little too late and that he has already moved on. Judge Graham Moshoana ruled that Eskom’s attempt to fire Koko, based on a directive from then Deputy President Cyril... 

Burkina Faso seeks new partner for $1bn manganese project

By: Bloomberg     22nd February 2018 Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1-billion project. Pan African Minerals, a unit of Timis Mining, was told to stop production at the Tambao mine in 2015 following a change in... 

Eskom's Matshela Koko submits letter of resignation

By: News24Wire      16th February 2018 Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.   This came out at his second disciplinary hearing, currently taking place in Sandton. 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Gordhan lashes out at Denel as it begs for R3bn lifeline

By: African News Agency      6th February 2018 State arms manufacturer Denel on Tuesday pleaded for an equity injection as it briefed MPs on its results for the past year, but former finance minister Pravin Gordhan flatly countered that the company's dire financials were linked to its dealings with the Gupta family believed to have corrupted... 

Cummins Launches Simulator To Demonstrate Complete Power Systems

     1st February 2018 Cummins Power Generation has officially launched a new simulator at the Cummins Training Centre in Kelvin, Johannesburg to demonstrate its entire product line-up as an integrated solutions approach, from genset controls to annunciators, remote monitoring, Digital Master Control (DMC), and... 

Montana claims he fought off a bid to change the PRASA board

By: African News Agency      31st January 2018 Former Passenger Rail Agency of South Africa (PRASA) CEO Lucky Montana on Tuesday told the parliamentary inquiry into Eskom that he resisted a political attempt to impose a new board at the entity that would be favourable to the Gupta brothers and help them secure contracts in a locomotive tender... 

Bobcat Equipment South Africa stocks up on R18m worth of spare parts

     24th January 2018 Fast-moving general-service parts are critical to customers’ daily operations, and are needed on-hand immediately to avoid costly downtime. It is for this reason that Bobcat Equipment South Africa, part of the Goscor Group, holds a comprehensive spares stockholding of about R18 million. The... 

Former Eskom CFO Singh accused of lying and stonewalling at inquiry

By: African News Agency      24th January 2018 Former Eskom chief financial officer Anoj Singh was accused of lying about who paid for his travels to Dubai and ducking questions about suspect transactions he approved in his testimony before the parliamentary inquiry into the power utility on Tuesday. After more than four hours of questions... 

Magufuli bans registration of foreign ships in Tanzania, orders probe

By: Reuters     22nd January 2018 Tanzanian President John Magufuli on Friday put a temporary ban on the registration of foreign ships in the country and ordered over 400 vessels to be investigated for allegations of involvement in criminal activity. The ban came after at least five foreign-owned ships flying Tanzania's flag were... 

Fura closes in on Colombian emerald mine buy; to create single-stop Dubai-based gemstone shop

By: Henry Lazenby     13th January 2018 Canadian gemstone-focused miner Fura Gems is setting up a single-stop destination in Dubai, where rubies and emeralds produced from its Mozambique and Colombian assets will be graded and sold at the Almas Tower. “The Almas Tower is arguably one of the most secure spaces in the world, from where... 

UAE to resume flights to Tunis, ending row over ban on women

By: Reuters     5th January 2018 The United Arab Emirates said on Thursday it would resume flights to Tunisia after an exchange of security information, resolving a row over a ban on female Tunisian passengers. A statement by the foreign ministry on state news agency WAM said the decision was taken in light of extensive... 

Emirates stops flying to Tunisia

By: African News Agency      27th December 2017 Emirates airline says it has stopped flying to Tunisia as of Monday after the North African country said it had banned flights from the United Arab Emirates (UAE) carrier, Reuters reports. Emirates announced the move on Sunday two days after Tunisian government officials accused the United Arab... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

Airport development not keeping pace with passenger growth

By: Natasha Odendaal     6th December 2017 Globally, airport capacity and airline demand for access to airports have not kept pace with one another, setting global aviation on a path to chaos should mitigation measures not be taken with urgency, according to the International Air Transport Association (Iata). Passenger load factors are... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC), in... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC) in... 

Gem smuggling thwarts revival of Central African Republic

By: Bloomberg     29th November 2017 In the lounge of a luxury hotel in Bangui, the capital of war-torn Central African Republic, soft-spoken diamond dealers cautiously sidle up to guests. Their whispered offers of gems for sale are a visitor’s first hint of the thriving illegal market for the precious stones in a country that five... 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

Rwanda President sees growth accelerating on banking, mining

By: Bloomberg     3rd November 2017 Rwandan economic growth is expected to accelerate this year and next as the outlook for industries including financial services, tourism and mining improves, President Paul Kagame said. The pace of expansion is expected to increase to 7% next year from about 6% this year, Kagame said Thursday in... 

Trillian whistleblower says Eskom’s Singh paid R30.6m for no reason

By: African News Agency      3rd November 2017 A whistleblower on Friday told the parliamentary inquiry into Eskom the power utility settled a fraudulent invoice from Trillian for R30.6-million. Former Trillian Management Consulting (TMC) chief executive Bianca Goodson said she found her signature on a cover letter to the invoice that was... 

Even the smallest economy in oil-rich gulf is too big to fail

By: Bloomberg     2nd November 2017 Its economy is 5% the size of Saudi Arabia’s, but analysts are betting the kingdom won’t let its neighbor’s financial woes morph into a Gulf crisis. Bahrain, one of the most vulnerable economies in the Gulf Cooperation Council to political instability and oil-price swings, sought financial... 

Guptas inflated Oakbay price through trading by Singapore firm

By: Bloomberg     2nd November 2017 The Gupta family inflated the share price of a company it controlled on its Johannesburg Stock Exchange debut by lending money to a Singapore firm to be used to trade the equities. That came ahead of plans to raise funds for a uranium mine. The Guptas, who are embroiled in a corruption scandal... 

Eskom gave Tegeta prepayment on day Optimum purchase price was due, inquiry hears

By: African News Agency      1st November 2017 A business rescue practitioner on Wednesday told the parliamentary inquiry into Eskom that the power utility agreed to pay Tegeta almost R600-million in advance for coal on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.... 

Global aviation industry faces Renaissance, creating openings for South Africa

By: Keith Campbell     27th October 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) in Pretoria by US National Aeronautics and... 

Khazna Data Centres expansion, United Arab Emirates

By: Sheila Barradas     27th October 2017 Khazna Data Centres plans to double its data centre capacity to deliver more than 24 MW of information technology load. 

Mad scramble for lithium mines stretches from Congo to Cornwall

By: Bloomberg     25th October 2017 For evidence of just how hot battery ingredient lithium is right now, look no further than Australia’s AVZ Minerals. A penny stock until a few months ago, the mining hopeful has surged about 1 500% this year. The proposition: recasting a remote, century-old tin mine in the Democratic Republic of... 

Hydraulics company expands Middle Eastern presence

     20th October 2017 UK-based hydraulic tools designer, manufacturer and supplier Hi-Force has opened a new office in the Khalidia area of Dammam, Saudi Arabia. According to a statement released by Hi-Force last month, the new facility will stock a range of Hi-Force products that provides the market with the fastest... 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

Zwane must be called to answer to MPs about Guptas 'now'

By: African News Agency      23rd August 2017 African National Congress (ANC) MPs on Wednesday resolved to call Mineral Resources Minister Mosebenzi Zwane to explain his relationship with the Gupta family “now”. Parliament’s House Chair Cedric Frolick had earlier directed the committee to conduct an inquiry into allegations in the media of... 

Joburg Council Chamber’s innovative design receives recognition

By: David Oliveira     18th August 2017 The City of Johannesburg’s (CoJ’s) Council Chamber, which is managed by the CoJ’s property portfolio company Joburg Property Company (JPC), has been awarded the Public Services Development award by the Africa & Arabia Property Awards. The JPC will officially receive the award at a ceremony at the... 

Auctions steam ahead

By: Terence Creamer     18th August 2017 South Africa may be on the global sidelines currently with regard to the procurement of new renewable generation capacity, chiefly because of Eskom’s refusal to enter into new power purchase agreements. Nevertheless, as a relatively early adopter (some might even say pioneer) of the auction... 

Jebel Ali power station – K Station, Phase 3, United Arab Emirates

By: Sheila Barradas     11th August 2017 The Phase 3 project includes the supply, installation, testing and launch of two F-type gas turbines that will produce 590 MW at 50 °C. 

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... 

Waste specialist makes South African investments following contract awards

By: Schalk Burger     4th August 2017 Dubai-headquartered specialist waste management multinational Averda has made several investments in its South African operations after it won medical waste management contracts in the Western Cape and Gauteng. The firm developed a hazardous waste landfill site in Vlakfontein, Gauteng, to drive... 

Brown sacks personal assistant over Gupta links

By: African News Agency      2nd August 2017 Public Enterprises Minister Lynne Brown on Wednesday asked her personal assistant Kim Davids to resign after details of her ties to the controversial Gupta family emerged. ”This past week I have been confronted by allegations against Ms Davids. In the interest of fairness, I asked Ms Davids to... 

Undocumented capture?

By: Terence Creamer     28th July 2017 Arguably one of the most telling statements made at last week’s Eskom results presentation was the public assurance given by interim CEO Johnny Dladla that “no decision would, in future, be taken outside the executive committee meetings. “Whatever decision is taken, it will be a decision that is... 

World's biggest tax bill is latest worry for African gold miner

By: Bloomberg     27th July 2017 It was supposed to mark a fresh start for the African business of the world’s biggest gold producer. In November 2014, African Barrick Gold would get a new name and new management to distance itself from a troublesome past and disputes with local politicians. Less than three years later, things... 

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