R/€ = 15.94 Change: -0.37
R/$ = 13.76 Change: -0.33
Au 1275.19 $/oz Change: -5.11
Pt 868.50 $/oz Change: -16.98


Huawei Launches the Industry-Oriented Intent-Driven Network Solution

19th June 2018 Accelerating Digital Transformation of Industries and Maximizing Business Value Huawei launched its Industry-Oriented Intent-Driven Network (IDN) Solution at CEBIT 2018, held in Hannover, Germany. By building intelligent, simplified, ultra-broadband, open, and secure intent-driven networks, this... 

Gordhan lays out State's case against suspended Sars boss Moyane  

By: News24Wire      15th June 2018 Public Enterprise Minister Pravin Gordhan has laid out the State's case against suspended South African Revenue Service (Sars) commissioner Tom Moyane in a 69-page affidavit. Moyane was suspended from the tax agency on March 19. President Cyril Ramaphosa at the time accused him of overseeing a... 

DAF named International Truck of the Year 2018

14th June 2018 Babcock’s commitment to delivering to the highest standards was again highlighted recently when, amidst stiff competition, DAF Trucks was awarded the prestigious International Truck of the Year 2018 accolade for its new XF and CF series. Named as making the greatest contribution to road transport... 

Growthpoint Healthcare launches with R2.4bn portfolio

By: Nadine James     13th June 2018 Growthpoint Properties has launched South Africa’s first unlisted healthcare real estate investment trust (Reit), Growthpoint Healthcare Property Holdings, which already holds five assets valued at R2.4-billion. The introduction of Growthpoint Healthcare has received strong market interest with... 

Russian federal agencies give go-ahead for second Eurasia Mining project

By: Marleny Arnoldi     13th June 2018 Aim-listed platinum group metals (PGM) and gold miner Eurasia Mining has received approval from the Russian Federal Securities Board and the Ministry of Defence for its Monchetundra project, in the Kola Peninsula.  

Demand rising for funding for grid-tied renewables

By: Schalk Burger     8th June 2018 Financing to build renewable-energy systems for use by businesses in South Africa is growing, with many projects showing good financial viability and return on investment, says financial institution Absa renewable-energy head Justin Schmidt. The return on investment for well-designed energy... 

SAA chief executive dismisses calls for business rescue

By: African News Agency      7th June 2018 South African Airways (SAA) chief executive Vuyani Jarana on Thursday ruled out the possibility of the airline being placed under business rescue. "We believe we are already executing a recovery plan. We don't believe the plan [from business rescue practitioners] is going to be significantly... 

Realism Key Component Of Building Projects, Says JBCC

4th June 2018 A lack of realism about important components of a building project is often the cause of major disputes and problems in the completion of a contract, says Uwe Putlitz, CEO of the Joint Building Contracts Committee (JBCC). JBCC is a non-profit company that represents building owners and... 

Summit discusses built environment trends, considerations for thriving Africa development

By: Marleny Arnoldi     31st May 2018 It has been a tumultuous period for the African continent, as since 2014 there have been many pressures affecting the macroeconomic environment – commodity prices took a significant knock, some economies dipped into a recession and the pressure was on from a number of credit ratings agencies.  

Corruption, healthcare and blockchain on the agenda at Supply Chain conference

30th May 2018 Africa’s leading knowledge sharing and networking event for supply chain professionals kicks off in Cape Town on 10 June. With supply chain issues increasingly in the spotlight in South Africa - from the education department’s alleged oversupply of sanitary towels in schools, to the Estina Dairy... 

Xtract narrows loss as Manica ramps up

By: Anine Kilian     30th May 2018 Aim-listed Xtract Resources has achieved significant progress at its Manica gold project, in Mozambique, in the year ended December 31, 2017. The mine produced its first gold in October, from Sino Minerals, which marked a milestone in the company's history. 

CCP 12J appoints DRA Group as technical partner

By: Marleny Arnoldi     30th May 2018 Mining engineering firm DRA Group will act as a technical partner to mining-focused venture capital company CCP 12J Fund in respect of engineering and outsourced operations and maintenance services.  

African auto industries not viable without policy support

By: Irma Venter     30th May 2018 If African governments do not develop sustainable, long-term automotive industry policies – including policy measures that address the issue of the sale of used vehicles – they will fail to develop automotive sectors within their economies, says African Association of Automotive Manufacturers... 

Leading mining engineering firm partners with new SA mining finance initiative.

30th May 2018 The DRA Group, a leading mining engineering firm, is to act as lead technical partner to CCP 12J Fund Limited (CCP 12J) in respect of engineering (EPC/M) and outsourced operations and maintenance services. CCP 12J is a new mining-focused Venture Capital Company, established in terms of Section... 

Polyus signs $70m credit facility from IGN

By: Creamer Media Reporter      29th May 2018 Russian gold miner Polyus on Tuesday announced a $70-million bilateral bank credit facility with ING at a fixed interest rate. The non-revolving facility is repayable in a bullet payment in 2023. 

Guinea retains mining minister in Cabinet reshuffle

By: Bloomberg     28th May 2018 Guinea’s President Alpha Conde appointed a new 33-member Cabinet in which Abdoulaye Magassouba was retained as mines and geology minister, according to a decree read on the West African country’s state-owned broadcaster on Saturday. Mamady Camara, who was Guinea’s ambassador to South Africa, was... 

Sanctioned tycoon Deripaska resigns as director of his firm Rusal

By: Reuters     25th May 2018 Russian metals tycoon Oleg Deripaska stepped down as a director of his aluminum firm Rusal as part of a choreographed series of steps which he hopes will persuade the US government to rescind sanctions that have crippled his businesses. Deripaska is now actively preparing the next step: reducing... 

465 TWh of renewable energy sourced by companies in 2017 – Irena

By: Simone Liedtke     24th May 2018 Companies in 75 countries actively sourced 465 TWh of renewable energy in 2017, an amount close to the overall electricity demand of France, a new report by the International Renewable Energy Agency (Irena) states. With the continued decline in the costs of renewables, the report suggests that... 

Water dept commits to doing more with less as Nkwinti presents R15.6bn budget

By: Natasha Odendaal     22nd May 2018 The Department of Water and Sanitation (DWS) is working to “achieve more with less”, with Water and Sanitation Minister Gugile Nkwinti having presented a R15.57-billion budget for 2018/19 on Tuesday. Historical commitments not adequately budgeted for, budgetary constraints influenced by... 

Supply Chain The New Weak Link In Business Security As Ransomware Attacks Increase According To Dimension Data

22nd May 2018 Cyber-criminals are turning their attention to the supply chain as a new means to exploit business data 17 May 2018 – 2017 saw a worrying increase in ransomware and other cyberattacks targeting the supply chain, with the business and professional services sector receiving a significant increase... 

Pallinghurst sells 56% of carats on offer at Zambia auction

By: Simone Liedtke     21st May 2018 JSE-listed Pallinghurst Resources, which owns 100% of Gemfields, has sold 56% of the carats on offer at an auction of higher-quality rough emeralds held in Lusaka, Zambia. The auction, which took place earlier this month, saw 31 companies placing bids and generated revenue of $10.3-million, with... 

CAMINEX 2018 to provide latest product showcase and free seminars

21st May 2018 CAMINEX, Zambia’s premier Copperbelt agricultural, mining and industrial trade expo, will be taking place at the Kitwe Showgrounds in Kitwe, Zambia, from 5-7 June, and will be showcasing the latest in products, machinery, technologies and services that these and related industries can offer. An... 

Innosun’s Namibian Wind Farm Lifted By Johnson Renew

18th May 2018 The Ombepo Wind Farm, the first wind farm to be constructed in Namibia, is situated just outside Luderitz, Southern Namibia and is designed to inject 5 MW into the national grid managed by NamPower, the national utility. The wind farm was built by InnoSun Energy Holdings (Pty) Ltd who secured the... 

Learning opportunity on mining training’s competitive edge 

By: Martin Creamer     18th May 2018 The objective of the impressive Murray & Roberts Training Academy in Carletonville is to make mining workplaces safer, more productive, technically proficient and values driven. 

Poynting looks to the rest of Africa as it continues to expand globally

By: Irma Venter     17th May 2018 Johannesburg-based Poynting Group is seeking to expand its business to the rest of the Africa, says CEO Michael Howard. Poynting is already well known outside Africa, with 50% of its revenue flowing from Europe, the US, Australia and Scandinavia. Manufacturing is based in Midrand and China, with... 

Zuma's presidency was a total disaster – Trevor Manuel

By: News24Wire      17th May 2018 The presidency of Jacob Zuma was a total disaster for South Africa, former finance minister Trevor Manuel said on Wednesday night. "I make no apologies for sharing my view that the presidency of Jacob Zuma was a total disaster for South Africa," said Manuel. Manuel delivered the keynote address... 

Mohammed Mahomedy appointed interim CFO at Transnet

By: Creamer Media Reporter      16th May 2018 Mohammed Mahomedy has been appointed as Transnet’s interim CFO, effective May 15. He is a chartered accountant and, over his 12 years of service at Transnet, has led key strategic portfolios within finance. Before being appointed interim CFO, he was GM Finance at Transnet Group Capital. He also... 

SAA briefing to Parliament cancelled after political parties clash

By: African News Agency      16th May 2018 A briefing by South African Airways (SAA) to Parliament's finance committee was called off on Wednesday after MPs from the ruling African National Congress (ANC) and the Democratic Alliance (DA) clashed on whether the meeting should be closed to the public. Acting finance committee chairperson... 

Avanco a step closer to Pedra Branca

By: Esmarie Swanepoel     16th May 2018 Takeover target Avanco is one step closer to the grant of a provisional environmental licence for its Pedra Branca copper project, in Brazil, following a successful public hearing. The company on Wednesday reported that no objections were recorded at the public hearing, which indicated a strong... Rolls out Video Screening Feature

15th May 2018 has been providing companies with qualified and experienced talent for nearly 3 months. They have been striving to attract SA’s top companies in the engineering, finance and tech sectors to gain access to their refined and specialised TalentPool. With a standardised talent profile... 

Consolidation needed to save jobs – Lonmin 

By: Martin Creamer     14th May 2018 Ben Magara, the CEO of embattled mining company Lonmin, on Monday made an impassioned plea for authorities to approve the company’s consolidation plans with Sibanye-Stillwater as soon as possible, as these will generate R1.5-billion in synergies and save 20 000 vitally needed jobs. The 32... 

Port of East London to expand its petroleum footprint

14th May 2018 More than 100 attendees representing 97 companies have shown keen interest in the Port of East London’s plans to recommission an existing tank in the port for handling of liquid bulk and to introduce a liquid bulk terminal through a 25-year port concession awarded to a private, empowered entity.... 

AI can help break down data silos to augment human decision-making

By: Schalk Burger     11th May 2018 Artificial intelligence (AI) systems are best suited to help companies explore and exploit the data that they have, simultaneously improving their business models and processes, a range of information technology (IT) experts say. The main improvements and benefits of AI derive from being able to... 

Treasury invites proposals for list of zero-rated items after VAT kicks in

By: African News Agency      10th May 2018 The National Treasury on Thursday invited proposals on items on which no tax should be levied, to mitigate the impact of a recent increase in value added tax on poor and low-income households. In his budget in February, former finance minister Malusi Gigaba said VAT would go up by a%age point to... 

Butcherbird proves up for Montezuma

By: Esmarie Swanepoel     10th May 2018 A scoping study into the Butcherbird manganese project, in Western Australia, has indicated an economically and technically viable project, owner Montezuma Mining said. The company told shareholders that the scoping study supported Montezuma’s aim to complete feasibility study work at the... 

Vedanta's KCM disputes $18m Zambia tax bill – industry source

By: Reuters     9th May 2018 Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18-million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that... 

AfDB officially launches Africa Investment Forum

By: Anine Kilian     8th May 2018 The African Development Bank (AfDB) on Tuesday launched its Africa Investment Forum (AIF), which will seek to attract investment and public–private partnerships aimed at transformative development on the continent. “The AfDB is championing the AIF as a platform to actively engage the private... 

Renewable energy jobs reached 10.3m globally in 2017

By: Marleny Arnoldi     8th May 2018 The renewable energy industry created more than 500 000 jobs globally last year – a 5.3% year-on-year increase, says the International Renewable Energy Agency (Irena).  

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