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Polyol integrated chemical complex, Hungary

By: Sheila Barradas     26th October 2018 The polyol integrated chemical complex will make MOL Group the only integrated producer of polyether polyols in Central and Eastern Europe.  

Prinsloo to head Redefine's new Europe division

By: Creamer Media Reporter      3rd October 2018 JSE-listed real estate investment trust Redefine Properties has appointed Hyprop Investments CEO Pieter Prinsloo to head up Redefine Europe, effective February 1, 2019.   “The new role was necessitated as Redefine advances its geographic diversification strategy through direct investment in... 

Poland makes biggest gold purchase since 1998 as prices slump

By: Bloomberg     2nd October 2018 Poland is making a rare charge into gold. The country added about nine metric tons to its bullion reserves in July and August as prices dropped, International Monetary Fund data show. That’s Poland’s biggest purchase since 1998 and among the largest additions by a European Union nation since then. 

Group Five announces R1.43bn loss, Teixeira resigns

By: Irma Venter     2nd October 2018 Group Five will focus on its Developments & Investments (D&I) and Operations & Maintenance (O&M) businesses going forward, with a “de-emphasis” on the Construction and Engineer, Procure and Construct (EPC) businesses. This “de-emphasis” did not mean Group Five was walking away from construction,... 

Visa regulation amendments to ease entry for business travellers, tourists

By: Tasneem Bulbulia     25th September 2018 The Department of Home Affairs (DHA) is pursuing new regulations to make it easier for business travellers, tourists and academia to enter South Africa, but South African minors leaving the country will still need consent from both parents when leaving the country. The announcement of the new... 

Imagine a better world with robots and win with Epson

25th September 2018 Epson invites higher education institutes, universities and research facilities from across EMEA to enter the competition, giving them a chance to win up to three state-of-the-art Epson robots Epson has opened the floor to local higher education institutes, universities and research facilities,... 

South Africa to relax visa rules to boost investment, tourism 

By: Reuters     25th September 2018 South Africa will ease some immigration rules, including agreeing visa waiver agreements with more countries, in an effort to boost investment and tourism, Home Affairs Minister Malusi Gigaba said on Tuesday. The changes are part of a broader economic turnaround programme announced by President... 

Velocity completes Rozino PEA, earns 70% stake

By: Mariaan Webb     19th September 2018 Eastern Europe-focused Velocity Minerals has completed a positive preliminary economic assessment (PEA) for the Rozino openpit gold project, paving the way for the TSX-V-listed company to earn its 70% in Bulgaria project. The assessment is based on an openpit mining operation, which recovers... 

Attacq delivers maiden distribution of 74c

By: Tasneem Bulbulia     11th September 2018 Real estate investment Trust (Reit) Attacq delivered a maiden distribution of 74c apiece for the financial year ended June 30, exceeding market guidance. This comes on the back of the company’s conversion to a Reit in May. 

Melting ice due to climate change disrupting shipping routes

By: Irma Venter     10th September 2018 Climate change is freeing up new trade routes in some areas, while increasing the risk of ice in others. There was another milestone for Arctic shipping in early 2018 when a specially designed liquid natural gas tanker became the first commercial ship to travel the Northern Sea Route in winter... 

Kate Mollett

31st August 2018 This week we profile Kate Mollett, regional manager: Africa South territory, at Veeam.   

Growthpoint’s distributable income exceeds R6bn for the first time

By: Marleny Arnoldi     29th August 2018 Real estate investment trust Growthpoint Properties announced a 6.5% distribution growth for the year ended June 30, with a final dividend of R1.07 apiece declared, despite weak economic conditions and a competitive market in South Africa. Growthpoint South Africa CEO Estienne de Klerk pointed... 

Tethyan completes drilling at recently acquired Serbia

By: Creamer Media Reporter      23rd August 2018 Gold and base metals explorer Tethyan Resources has completed its first drill programme at the recently acquired Kizevak zinc/lead/silver project, in Serbia. The Kizevak project is situated on an exploration licence held by Tethyan’s Serbian subsidiary Taor and is located 1 km south-east along... 

Uber rival Taxify bets on motorcycles and rickshaws in East Africa

By: Reuters     10th August 2018 Taxify, an Estonian ride-hailing company aiming to take on Uber in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorised rickshaws and motorcycles, it said on Thursday. The company, which already operates in five cities in... 

Europe to become 'massive' buyer of US LNG, Trump says

By: Bloomberg     25th July 2018 Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told US President Donald Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Trump said, referring to the US shale... 

Corruption’s heavy toll

By: Martin Zhuwakinyu     6th July 2018 Picture this scene: you are driving along a road in suburban Johannesburg and a stern-looking cop pulls you over, informing you, as you wind down your window, that you have exceeded the speed limit or committed any of several traffic infractions. In a tone that can put the fear of God into any... 

SA tech firm eyes enhanced global growth as it tackles US market

By: Natasha Odendaal     29th June 2018 Home-grown technology group Alaris is targeting an increase of its share in the largest market it can enter as it pursues the acquisition of an undisclosed US company specialising in passive radio frequency and microwave antenna solutions. The group, through its UK subsidiary Alaris Investment... 

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

GoMetro signs global distribution deal to Improve the Way every City Moves

By: Creamer Media Reporter      16th May 2018 Whether you’re in Ghana where the trotos’s are, on a jitney in the Philippines or in a sometimes ironically named ‘car rapide’ in Senegal, there’s no escaping the fact that informal transport exists in every major city in the world. Even more intriguingly, the innovation and agility displayed in... 

Growthpoint Properties issues maiden $425m eurobond, lists on JSE green bond segment

By: Marleny Arnoldi     25th April 2018 JSE-listed real estate investment trust Growthpoint Properties has successfully priced its inaugural US dollar-dominated eurobond, the proceeds of which will be used to fund its expansion in Central and Eastern Europe (CEE).  

LME to suspend Rusal's aluminium from approved brand list

By: Reuters     11th April 2018 The London Metal Exchange will suspend Rusal's aluminium from its list of approved brands from April 17 after some members raised concerns about settling LME contracts with sanctioned companies, the exchange's chief executive told Reuters. Last week the US Treasury Department imposed sanctions... 

Continued growth for tool manufacturer

6th April 2018 This year, tool and equipment manufacturer the Hilti Group intends to maintain its growth momentum following last year’s growth of CHF 5.1-billion throughout all of its business regions. The company explains that year-on-year the company’s sales are up by 10.8%, and 9.6% in local currencies. 

The 2017 financial year at Jungheinrich: double-digit growth – forecast met

8th March 2018 • Net sales: +11 per cent, value of incoming orders: +11 per cent and units: +13 per cent • Net income: +18 per cent • Dividend: +14 per cent • Strong demand in the core market of Europe and logistics systems business • Net sales forecast for 2018: €3.6 - 3.7 billion Jungheinrich is pressing... 

Hyprop lifts H1 distributions by 8.3% y/y

By: Simone Liedtke     2nd March 2018 JSE-listed specialist shopping centre real estate investment trust (Reit) Hyprop on Friday reported solid growth in distributions of 8.3% for the six months to December 31, which was driven by a stable performance from South African shopping centres and a strengthening South-Eastern European... 

MAS records 98% increase in H1 distributable earnings

By: Anine Kilian     26th February 2018 JSE-listed MAS Real Estate increased its distributable earnings by 98% year-on-year to €17.1-million for the six months ended December 31.   “The improvement in distributable earnings was driven by the full period effect of accretive acquisitions, the completion of developments and the deployment... 

Hyprop subsidiary acquires 90% interest in two Croatian shopping centres

By: Simone Liedtke     22nd February 2018 Hystead, a UK company co-owned by Hyprop Investments and PDI Investment Holdings (PDI) has acquired a 90% interest in two Croatian shopping centres from WKB 3 for €129.1-million. When completed, Hystead will own six shopping centres in five countries, with a gross asset value exceeding €740-million. 

Local Reits achieve double-digit growth for second consecutive year

By: Megan van Wyngaardt     6th February 2018 The FTSE/JSE South African Listed Property Index (Sapy) achieved total returns of 17.2% in 2017, building on its performance of returns of 10.2% in 2016, to deliver double-digit growth to investors for the second year in a row. Last year, listed property outshone cash, which delivered returns of... 

Denmark will increase defence spending to counter Russia - PM

By: Reuters     17th January 2018 The Danish government expects to win backing for a substantial increase in defence spending next month, to counter Russia’s intensified military activity in eastern and northern Europe, the NATO-member’s prime minister said Monday. Denmark last week deployed 200 troops to a UK-led NATO mission in... 

Wiese resigns as Steinhoff chairperson in wake of accounting scandal

By: Reuters     15th December 2017 South African tycoon Christo Wiese resigned on Thursday as chairperson of Steinhoff, the latest setback for the retail group in the throes of an accounting scandal. Once a must-have for investors who backed its reinvention from small furniture outfit into a retail empire, Steinhoff has seen its... 

Bursa integrated health campus, Turkey

By: Sheila Barradas     8th December 2017 BRS Sağlık Yatırım plans to build a 459 588 m2 health campus, in the Nilüfer region of Turkey. 

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

Software giant SAP comes clean on dubious practices in South Africa

By: African News Agency      26th October 2017 Software giant SAP on Thursday said it had voluntarily disclosed its breach of the US Foreign Corrupt Practices Act in relation to allegations its South African operation paid kickbacks to a Gupta-linked company. In a statement on its website, SAP said it has initiated disciplinary procedures... 

Wilken to join MAS Real Estate as CEO

By: Anine Kilian     18th October 2017 Morné Wilken has been appointed CEO of JSE-listed MAS Real Estate, effective January 1, 2018. Lukas Nakos will continue as CEO until Wilken takes up his position. 

WBHO upbeat about UK market potential following Byrne acquisition

By: Irma Venter     15th September 2017 A problematic Australian contract and a payment in accordance with a settlement agreement between government and the local construction sector following an investigation into collusion have seen profits slip at JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO). The group earlier this... 

Tethyan Resources gives listing, project updates

By: Anine Kilian     13th September 2017 Dual-listed Tethyan Resources’ decision to delist from the London’s Aim was based on the board’s consideration of challenging macroeconomic conditions and the additional costs that come with maintaining two listings. Speaking to Mining Weekly Online on Wednesday, COO Fabian Baker explained that... 

WBHO sees challenging Australian project, settlement agreement sip from the profit cup

By: Irma Venter     5th September 2017 A problematic Australian contract and a payment in accordance with a settlement agreement between government and the local construction sector following an investigation into collusion have seen profits slip at JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO). The group on Tuesday... 

Hyprop’s South-Eastern Europe fund eyes possible dual listing

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday said progress was being made in the potential dual-listing of its 60%-owned UK-based Hystead subsidiary, which holds all of Hyprop’s South-Eastern Europe assets, by the first half of 2018. Hystead is eyeing additional listings on the Johannesburg and Luxembourg bourses... 

Hyprop lifts distributions in FY17

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday posted a 12.1% hike in dividend to 695.1c a share for the financial year ended June 30. The real estate investment trust reported that distributable earnings benefited from the inclusion of R101.8-million in income from the investments in South-Eastern Europe, up from... 

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