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PIC foresees great opportunity in investing in early stage tech-driven companies

By: Kim Cloete     14th September 2018 The Public Investment Corporation (PIC) has outlined its vision for its recently launched R2-billion fund aimed at early-stage tech-driven companies. PIC executive head of research Sholto Dolamo told a Frost & Sullivan CEO Think Tank, in Cape Town, that the PIC was venturing beyond its... 

SA is not actually in a recession – economist

By: News24Wire      7th September 2018 South Africa is not in a recession, despite the latest gross domestic product (GDP) figures released by Statistics South Africa, economist Roelof Botha said on Thursday. South Africa slipped into what is generally considered a technical recession - defined as two successive quarters of negative... 

ANC calls for immediate stimulus package as economy dips into recession

By: News24Wire      5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009.  In a statement on Wednesday, the party’s subcommittee on economic... 

IMF supports South African land reform provided it's 'rules based'

By: Reuters     30th August 2018 The International Monetary Fund (IMF) gave its full backing to South Africa's land reform plan on Thursday, as long as the highly contentious process is transparent and based on the constitution. The Fund's senior resident representative in South Africa Montfort Mlachila told Reuters that the... 

Agricultural organisations commit to developing national strategy

By: Simone Liedtke     27th August 2018 The presidents of the African Farmers Association of South Africa (Afasa), the National African Farmers Union of South Africa (Nafu SA), Agri SA and the Transvaal Agricultural Union of South Africa (Tau-SA), as members of the Agri Sector Unity Forum (Asuf), on Monday declared their intent to work... 

EAIF backs billion-dollar Nigeria fertiliser plant

By: Anine Kilian     22nd August 2018 The Emerging Africa Infrastructure Fund (EAIF) on Wednesday announced the financial close of its 11-year $35-million loan to Indorama Eleme Fertiliser & Chemicals (IEFCL). The transaction is part of the financing of a $1.1-billion expansion of IEFCL’s existing fertiliser plant at Port Harcourt,... 

Land Bank says land expropriation could trigger default

By: Reuters     21st August 2018 South Africa's State-owned Land Bank said on Monday a plan to allow the State to seize land without compensation could trigger defaults that could cost the government R41-billion rand if the bank's rights as a creditor are not protected. Land Bank is a specialist bank providing financial services... 

Biojet feasibility project under way

By: Paige Müller     17th August 2018 The Waste to Wing feasibility project, aimed at ascertaining the viability of waste-based sustainable aviation biofuel production and consumption in South Africa, is under way, says nature conservation organisation World Wide Fund for Nature South Africa (WWF-SA). WWF-SA bioenergy programme... 

South African farmers face tough road to recovery

By: Erin Steenhoff-Snethlage     10th August 2018 Local orchards and vineyards could take between five and seven years to fully recover from the recent drought, provided there is average or above-average rainfall for three consecutive years, says agriculture industry association Agri SA head of natural resources Janse Rabie. “Because of the... 

Concrete industry urged to stand together to lobby government

By: Marleny Arnoldi     1st August 2018 AfriSam sales and marketing executive Richard Tomes has urged the concrete industry to seriously consider consolidation and collaboration amid a tough operating environment. “Often the private sector is critical about government when we are confronted with the challenges of our industry; however,... 

Expropriation will advance economic development, increase food security – Ramaphosa

By: News24Wire      1st August 2018 President Cyril Ramaphosa announced that the ANC would propose an amendment of the Constitution to Parliament, outlining conditions for expropriation of land without compensation. His late-night announcement came following the political party's two-day national executive committee lekgotla, which... 

SASSDA boosts stainless steel trade with Kenya & Tanzania

25th July 2018 With the priority of fast industrialisation and a call for the development of stainless steel value-add within the agricultural and food and beverage industries, Tanzania and Kenya are primed for increased bilateral trade with South Africa, with confirmed sourcing enquiries already received at... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

'The future we don't want is already happening' – climate change expert

By: News24Wire      20th June 2018 The future we don't want is already happening with more intense droughts, floods, heat waves, blackouts, food shortages and sea levels gradually rising. It may sound like a post-apocalyptic movie, but delegates to the Adaptation Futures 2018 conference in Cape Town heard that these climate change... 

How to offset the job killing effect of sugar tax

8th June 2018 FairPlay movement member Chris Ward argues that, by following the lead of sugar producing countries, such as Brazil, which is now a major bioethanol producer and exporter, South Africa will be able to not only save but also grow its sugar-cane industry 

Robben Island SleepOut event to celebrate Mandela’s centenary

By: Simone Liedtke     4th June 2018 On July 18 – what would have been Nelson Mandela’s centenary – 67 global influencers, business leaders and celebrities will spend the night inside the former maximum-security prison and courtyard on Robben Island, where Mandela spent 18 years, with the aim to raise $6.7-million. On the same... 

Consortium to study feasibility of turning waste biomass into aviation fuel

By: Anine Kilian     24th May 2018 A consortium comprising enterprise development specialist Fetola, the World Wide Fund for Nature South Africa (WWF-SA) and SkyNRG is launching the Waste to Wing project to determine the feasibility of using waste biomass to produce sustainable aviation fuel in South Africa.  The consortium will... 

Land reform unlikely to mean constitutional change – analysts

By: Reuters     22nd May 2018 South Africa looks likely to implement land redistribution under existing laws rather than by changing the constitution following a ruling party summit, in an approach more palatable to investors, analysts said on Tuesday. President Cyril Ramaphosa, who came to power in February when former... 

BI unveils Agri-Smart integrated solutions for farmers at NAMPO 2018

22nd May 2018 Leading supplier Bearings International (BI) showcase the latest design of its agricultural hub bearings at NAMPO 2018. In addition, it launched a bearing hub for planters, and displayed its full product range for the agricultural industry under its new Agri-Smart banner. Agri-Smart allows BI to... 

Ninety-five years of lighting up South Africa

18th May 2018 For the past 95 years, State-owned power utility Eskom, has been at the forefront of contributing positively towards fighting the country’s socioeconomic challenges through the Eskom Development Foundation. The foundation, a nonprofit organisation solely funded by Eskom, has launched many... 

Kenya banks on nuclear energy to sustain manufacturing, build the economy

By: Kim Cloete     17th May 2018 Kenya hopes to grow its economy and boost manufacturing after building nuclear power plants, a Kenyan academic has told African Utility Week in Cape Town. "We envisage we will become a middle-income industrial country by 2030. With nuclear coming onboard, that will gave us baseload which will... 

Agriculture industry grows despite challenges 

By: Paige Müller     11th May 2018 Despite policy uncertainty and drought having impacted on the South African agriculture industry, Agricultural Business Chamber (Agbiz) agricultural economist Wandile Sihlobo says the industry outlook is fairly optimistic in the near term. Sihlobo met with Engineering News to discuss the state of... 

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... 

Innovators emerge with novel ways to treat, conserve water

By: Kim Cloete     4th May 2018 Innovators from South Africa and Austria have met with potential partners and investors in Cape Town to present ideas to reduce the amount of water currently used in agriculture. The 17 innovators were chosen as finalists in the Agri-Water Open Innovation Challenge out of a pool of 70... 

Govt committed to accelerating land redistribution - Ramaphosa

By: African News Agency      27th April 2018 President Cyril Ramaphosa said on Friday that government was committed to accelerating land redistribution, adding that economic freedom means that the land that was taken from black South Africans needs to be returned. "We are committed to accelerate the redistribution of land, both in urban... 

SAB, AB InBev on track with five-year public interest commitment investments

By: Marleny Arnoldi     23rd April 2018 South African Breweries (SAB), together with its parent company Anheuser-Busch InBev (AB InBev), has spent R209-million on Public Interest Commitments (PICs) in 2017, with investments in agriculture, enterprise development and societal benefits programmes in South Africa. With the merger of SAB... 

Inclusive infrastructure development impact – leading the charge, changing the mindset

23rd April 2018 The Bigen Group, a recognised infrastructure development activist with a reputable 46-year footprint throughout Africa, is leading the charge in infrastructure development inclusivity by empowering the women of Africa.... 

BI to showcase latest agricultural hub bearings at NAMPO 2018

11th April 2018 Bearings International (BI) will showcase the latest design of its agricultural hub bearings at NAMPO 2018. In addition, it will also launch a new bearing hub for planters, and display its full product range for the agricultural industry. The leading supplier offers its agricultural customers a... 

Researchers discover a new coastal current off Madagascar

By: Simone Liedtke     9th April 2018 South African, Malagasy and French researchers have discovered the existence of a coastal current off Madagascar. The newly-described current, the South-West Madagascar Coastal Current, flows poleward off the south-west coast of Madagascar. 

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... 

Headline: It’s proven: business can save on water purification costs by integrating nature-based solutions

22nd March 2018 There is no doubt that drought experienced in most provinces across South Africa has changed livelihood in various ways, including business and environment itself. The scarcity of water, and indeed its value has been proven to be worth even more than fuel per litre: NO WATER-NO LIFE!  Citizens,... 

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... 

Ramaphosa says SA needs consultation before signing the African free-trade deal

By: African News Agency      22nd March 2018 South African President Cyril Ramaphosa on Wednesday said that his government needed more time to consult relevant stakeholders about the continental free trade area treaty before signing it. Ramaphosa did not sign the crucial agreement at the African Union (AU) Extraordinary Summit in Rwanda's... 

AU ready to sign continental trade treaty without Nigeria

By: African News Agency      20th March 2018 African Union (AU) chairperson Paul Kagame on Tuesday gave a strong indication yet that member states will sign the treaty to create the continental free trade area even if the continent's most-populated country, Nigeria, withdraws from the meeting. At least 53 African Heads of States have... 

Irreconcilable and self contradictory

By: Riaan de Lange     16th March 2018 In his maiden State of the Nation address (Sona), President Cyril Ramaphosa pledged that land expropriation with compensation, which government regards as one of several measures to accelerate land redistribution, will be undertaken "in a way that promotes agricultural production, improves food... 

Joint SA-UK research programmes going well

By: Rebecca Campbell     16th March 2018 South Africa is one of the most successful partner countries for the UK in terms of scientific research and technological development. “The scale of [research and development (R&D)] institutional links and Governmental links are enormous,” highlights British High Commission (Pretoria) UK Regional... 

Economy faces paralysis if govt does not act urgently on water crisis – report

By: News24Wire      15th March 2018 If the government fails to respond to the country's critical water situation, South Africans could face a situation similar to the energy crisis that nearly paralysed the economy, according to a Water Research Commission report. "To avoid a state of national panic, similar to that which occurred... 

Southern Africa likely to see GDP growth above 2% in the next two years

By: Anine Kilian     12th March 2018 The African Development Bank (AfDB) expects real gross domestic product (GDP) growth in the Southern African region to improve to 2% in 2018 and then to 2.4% in 2019. The'Southern Africa Economic Outlook Report 2018', released by the AfDB, in Pretoria, on Monday, states that there is cautious... 

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