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How To Drive Efficiency, Productivity & Profit

     Updated 5 hours ago With Information Already At Hand By their very nature, many businesses operating in the digital era are constantly inundated with massive data sources. With the advent of the Internet of Things (IoT), a constant and growing focus on digital transformation, and a globalised economy where... 

Ramaphosa's plan to attract R1.2tr in investment marks potential new dawn

By: News24Wire      18th April 2018 President Cyril Ramaphosa’s plan to raise over R1-trillion in new foreign investment has been hailed by economists as the beginning of a “new dawn” for South Africa after years of low growth and policy uncertainty. On Monday, Ramaphosa announced that South Africa will later this year host a major... 

African businesses grow despite difficult macro environment – PwC

By: Marleny Arnoldi     17th April 2018 Despite a challenging environment, with public debt approaching critical levels in some countries and concerns over excessive reliance on oil, African businesses are expanding.  

Those who can afford to pay for toll roads, must pay – Nzimande

By: News24Wire      17th April 2018 The funding of road infrastructure development for the next 15 to 20 years worries Transport Minister Blade Nzimande, the portfolio committee on transport heard. The Department of Transport (DoT) on Tuesday briefed Parliament’s committee on the annual performance plan for the 2018/19 financial... 

Missing $15bn diamond revenue – 'It's all lies,' says Mugabe

By: News24Wire      17th April 2018 Zimbabwe's former president Robert Mugabe has retracted his remarks over the alleged missing $15-billion diamond revenue amid investigations by the national assembly, according to a report. In a claim that's coming back to haunt him, the former Zimbabwe strongman said in 2016 that $15-billion... 

Ramaphosa team to seek $100bn investment for South Africa

By: Reuters     17th April 2018 South African President Cyril Ramaphosa appointed a team of business and finance experts on Monday to hunt the globe for $100-billion in investment to boost the ailing economy. The team of economic envoys includes two former finance ministers – Trevor Manuel and Pravin Gordhan, who now holds the... 

Canada's Trudeau ready to offer aid to ensure pipeline is built

By: Reuters     16th April 2018 Canadian Prime Minister Justin Trudeau on Sunday moved to end an escalating crisis over a Kinder Morgan Canada oil pipeline, saying Ottawa was prepared to offer financial aid to ensure the project went ahead. Trudeau cited investor confidence as one reason to help Kinder Morgan Canada, part of... 

Nzimande appoints new PRASA board, acting CEO

By: Simone Liedtke     13th April 2018 Transport Minister Dr Blade Nzimande has appointed a new board of directors for the Passenger Rail Agency of South Africa (PRASA), led by chairperson Khanyisile Kweyama. The board members, who will serve an initial period not exceeding 12 months, also includes Sango Ntsaluba, Louis Wessie, Jenny... 

Eskom outlines case for R67bn clawback amid tariff-hike hostility

By: Terence Creamer     12th April 2018 State-owned electricity group Eskom has expressed confidence that its three applications to recoup nearly R67-billion through the Regulatory Clearing Account (RCA) mechanism will succeed, stressing that its submissions are fully aligned to the most recent RCA decision made in 2016 for the 2013/14... 

Group Five to sell majority stake in SA construction business as losses mount

By: Irma Venter     12th April 2018 Group Five will soon become a minority shareholder in its construction business in South Africa, says CEO Themba Mosai. Speaking on Thursday in Johannesburg at the company’s interim results, he noted that Group Five targeted the sale of 51% of its South African construction business to an... 

Zimbabwe government buys Boeing planes, leases them to new airline

By: Reuters     12th April 2018 Zimbabwe has bought two Boeing 777 aircraft and an Embraer plane from Malaysia, the finance minister said on Wednesday, adding the planes would be leased to a new local airline until national carrier Air Zimbabwe returned to profitability. Patrick Chinamasa said Harare had agreed with an... 

Afarak may re-domicile as it progresses Helsinki delisting plans

By: Simone Liedtke     11th April 2018 Vertically integrated specialty alloys producer Afarak is considering changing its domicile from Finland, as the company continues to advance plans to delist from the Nasdaq Helsinki Stock Exchange, leaving it with a listing on only London’s Aim. In an update regarding its delisting plans, which... 

Internationally certified for supply chain success

     10th April 2018 With businesses increasingly recognising the importance of the supply chain to the organisation, the demand for suitably qualified and skilled supply chain professionals is growing, according to Mungo Park, president of leading Southern African supply chain association SAPICS.   “The supply chain... 

EAIF raises $385m in new debt financing to drive five-year business plan

By: Simone Liedtke     10th April 2018   The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), has completed its latest fundraising round, raising $385-million in new long-term debt capital to invest in Africa. 

Senior govt officials, including Zim VP 'to appear before Parliament' about $15bn diamond scandal

By: News24Wire      10th April 2018 Several senior government officials have reportedly been summoned by Zimbabwe's parliamentary portfolio committee on mines and energy over the missing $15-billion diamond revenue. According to reports, former President Robert Mugabe, announced in 2015 that $15-billion of diamonds were spirited... 

Salt Lake signs MoU with Mitsubishi

By: Esmarie Swanepoel     9th April 2018 ASX-listed Salt Lake Potash has signed a memorandum of understanding (MoU) with Mitsubishi for the sale and offtake rights of up to 50% of the sulphate of potash (SOP) to be produced from the demonstration plant at the Goldfields Salt Lakes project, in Western Australia. The SOP will be... 

Strong rand eroding South African gold mines’ margins 

By: Natasha Odendaal     6th April 2018 While the strengthening of South Africa’s rand against the dollar in recent months has been widely welcomed by many, it has somewhat dampened the outlook for exporters and mining firms reliant on a weakened currency to widen margins. For South Africa’s gold mining industry, the resultant decline... 

Mikhail Nikomarov

     6th April 2018 This week we profile Mikhail Nikomarov, CEO of Bushveld Energy, which is developing utility-scale energy storage projects in Africa using vanadium redox flow battery (VRFB) technology and launching the manufacture of VRFB components in South Africa, starting with vanadium electrolyte   

Focused on next five years

     6th April 2018 As it heads into the next five years with 2017/18 financial year having come to a close, State-owned development finance provider Small Enterprise Finance Agency (sefa) will focus on delivering financial assistance that responds to current market needs. In the 2018/19 financial year, the agency... 

Ghana to review corporate tax exemptions for resources sector

By: Reuters     5th April 2018 Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and... 

Ramaphosa dealing with Moyane suspension – Nene

By: News24Wire      3rd April 2018 Finance Minister Nhlanhla Nene said on Tuesday President Cyril Ramaphosa is dealing with the suspension of former South African Revenue Service (Sars) commissioner Tom Moyane, who left the agency last month under a cloud. “The issue of Moyane is being dealt with by the president... I hope it... 

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

City of Cape Town's planned hikes for water, sanitation, electricity and rates  

By: News24Wire      28th March 2018 The introduction of fixed charges for water and electricity and a hefty increase in water and sanitation tariffs are some of the proposals for the next year in the City of Cape Town's draft budget, tabled on Wednesday. The total proposed budget for the new financial year that starts in June is... 

DAF Trucks on the up

     28th March 2018 Proving its performance and efficiency in pure numbers alone, the DAF XF 105.460 has firmly secured itself as the best current long-distance truck tractor in the South African transport market. The DAF XF 105.460’s outstanding fuel consumption was one of the leading factors that saw it take top... 

Merafe FD resigns

By: Creamer Media Reporter      27th March 2018 Kajal Bissessor has resigned as FD of JSE-listed Merafe Resources. She joined the company nine years ago and has played a significant role in both the finance and investor relations functions, the company said on Tuesday. 

SAA losses mount for 2017 

By: African News Agency      27th March 2018 National carrier South African Airways made a further financial loss of R3.7-billion over the nine months to the end of 2017, as revenue dipped about R1-billion below its forecasts for that period. The figures were tabled in a briefing by SAA CEO Vuyani Jarana, chairman JB Magwaza and executives... 

Roadblocks ahead for South Africa's Ramaphosa after Moody's win

By: Reuters     27th March 2018 South Africa's new President Cyril Ramaphosa will need to call on all his dealmaking skills to overhaul ailing State-owned firms and tackle land reform if he wants to capitalise on Moody's decision not to downgrade the country's debt to junk. Moody's said its decision to keep South Africa's... 

SADC Ministers meet in Pretoria with focus on industrialisation

By: African News Agency      26th March 2018 The Southern African Development Community (SADC) Council of Ministers meeting in Pretoria should explore ways of cooperating to intensify industrialisation in the region to boost economic growth, South Africa’s Minister of International Relations and Cooperation Lindiwe Sisulu on Monday. Sisulu,... 

South Africa mulling privatisation in Ramaphosa reform drive – Treasury chief

By: Reuters     26th March 2018 South Africa will consider partially privatising struggling State-owned companies as part of wide-ranging reforms set in motion by President Cyril Ramaphosa since he came to power last month, the head of the National Treasury said on Saturday. Dondo Mogajane said South Africa was at the end of a... 

Moody's announcement signals positive sentiment, says Busa

By: African News Agency      26th March 2018 The decision by Moody’s Investors Service to retain South Africa’s international and domestic credit rating at investment grade and the change in outlook to stable is a mark of greater confidence in the country, Business Unity South Africa (Busa) said on Saturday. On Friday night, Moody's said it... 

BMW to push EV range to 700 km, 12 new EVs set for launch by 2025

By: Irma Venter     23rd March 2018 Powered by the fifth generation of battery and drivetrain technology, from 2021, BMW will be able to offer all-electric vehicles (EVs) with a range of up to 700 km, and plug-in hybrids with an electrical range of up to 100 km, the German car maker said this week as it released its annual... 

Concerted effort needed to combat South Africa’s illegal mining scourge

By: Dylan Slater     23rd March 2018 A multipronged approach involving both the mining industry and government is required to better deal with illegal mining in South Africa, where bloody skirmishes pitting rival gangs profiting from this illicit pursuit and the illegal mineworkers themselves are a frequent occurrence, with police... 

New Lucara management to focus on Karowe, digital sales platform

By: Schalk Burger     22nd March 2018 JOHANNESBURG (miningweekly.com) – TSX-listed diamond miner Lucara has announced that incoming Lucara CFO and corporate secretary Zara Boldt will join the management team as the company focuses on increasing the value of its core diamond mining business at Karowe, Botswana, and on supporting the... 

SA President Ramaphosa punts single African currency at crucial AU Summit

By: African News Agency      22nd March 2018 South African President Cyril Ramaphosa on Tuesday strongly punted the idea of creating a single homogeneous currency for African countries in a bid to attract infrastructure investment and enable ease of intra-African trade. Speaking as a panelist on financing intra-Africa trade at the African... 

Caledonia Mining hits new production record at Blanket mine; to increase mine stake

By: Henry Lazenby     22nd March 2018 Aim- and TSX-listed gold producer Caledonia Mining has achieved a new production record at its flagship Blanket mine, in Zimbabwe, reporting an 11.5% year-on-year improvement in output to 56 133 oz for 2017. The London-based company, which owns a 49% stake in the Blanket gold mine said all-in... 

LaunchLab calls for entries for 2018 Ideas Programme

By: Simone Liedtke     20th March 2018 Stellenbosch University’s LaunchLab has officially launched the seventh iteration of its Ideas Programme, which calls on startup businesses in multiple industries to validate their business concepts with real market players and start their journey towards the maturity required to attracting... 

Parliament's finance committee welcomes suspension of Sars boss

By: African News Agency      20th March 2018 Parliament's standing committee on finance on Tuesday welcomed the suspension of South African Revenue Service (Sars) commissioner Tom Moyane, saying a disciplinary inquiry against him should be "fair, swift and decisive". "The committee feels strongly that in view of the role Sars plays, it is... 

Sars boss Moyane 'not aware' of reports he may be axed

By: News24Wire      15th March 2018 South African Revenue Service (Sars) Commissioner Tom Moyane said on Thursday he has not had the opportunity to monitor news reports stating that his removal from the country’s tax authority may be imminent. On Thursday Business Day reported that Cabinet was due to discuss Moyane's removal,... 

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