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Press Office - Metric Automotive Engineering - Reef Fuel

Metric Automotive Engineering - Reef Fuel

Reef Fuel Injection Services is a leading diesel service centre and is an authorised service agent to all five leading diesel fuel injection systems – Bosch, Caterpillar, Delphi, Denso and Stanadyne.

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African body urges Congo to prosecute Anvil over mine deaths

By: Bloomberg     15th August 2017 The African Union’s human rights body urged the Democratic Republic of Congo’s government to prosecute officials of an Australian mining company over their alleged role in a military crackdown in 2004 that left more than 70 people dead. The African Commission on Human and People’s Rights also... 

Britain to keep preferential access for poor countries, post-Brexit

By: Keith Campbell     7th July 2017 The British Government has publicly committed itself to maintaining duty-free access to British markets for the world’s least-developed countries (LDCs, as defined by the United Nations) following the UK’s departure from the European Union (EU). London further expressed a desire to increase trade... 

Kenya joins Africa Finance Corporation

By: Megan van Wyngaardt     21st June 2017 Kenya is the latest country to become a member of Pan-African multilateral development finance institution, the Africa Finance Corporation (AFC).   Kenya is the AFC’s fifteenth member and its third East African member after Rwanda and Uganda. The other members are Cabo Verde, Chad, Côte d’Ivoire,... 

FAR raises A$80m for African exploration

By: Esmarie Swanepoel     6th April 2017 Oil and gas explorer FAR will raise some A$80-million through a fully-underwritten share placement to institutional and sophisticated investors to fund its exploration and development work in offshore Senegal, as well as the anticipated acquisition of a block in Gambia. The company will place... 

Erin Energy enters farm-out agreement over two oil blocks in The Gambia

By: Megan van Wyngaardt     27th March 2017 Dual-listed Erin Energy Corporation has entered into a definitive farm-out agreement with ASX-listed oil and gas company FAR, which will acquire an 80% interest and operatorship of Erin’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

Africa sliding? 

By: Terence Creamer     14th October 2016 Over the past number of years, the Africa Rising narrative has asserted itself. It has been a story of improving economic growth, rising investment and greater democracy. Between 2003 and 2008, sub-Saharan Africa (SSA) enjoyed average yearly growth of 6.8% and was home to many of the... 

‘Slipping’ South Africa contributes to Africa’s big 2016 growth downgrade to 1.6%

By: Terence Creamer     29th September 2016 The World Bank has lowered its 2016 growth forecast for Africa to only 1.6%, a dramatic downward revision from the 3% figure projected in April. The new forecast represents the lowest level of growth for sub-Saharan Africa (SSA) in over two decades and is also below expected regional population... 

Education Innovations in Africa Could Level Playing Field for Millions of Students Worldwide

     22nd September 2016 African public-private partnerships are fast-tracking education improvement from primary school to university, potentially levelling the playing field for millions of students worldwide. In the face of electricity shortages and over-crowding, African public-private partnerships are integrating... 

African Tax Outlook

     22nd June 2016 Launch of the first edition of the African Tax Outlook – a premium ATAF tax publication on tax indicators of the fifteen African countries. This first edition of the African Tax Outlook, which brings together valuable, practical and relevant descriptive and analytical information on tax issues... 

Ten African Energy Ministers to attend Africa Energy Indaba 2016

     14th January 2016 Africa is at the forefront of the energy transition with some of the greatest challenges and best opportunities in the world. Without doubt, innovation and the ability to deliver and deploy the most effective solutions at scale will be fundamental to developing a sustainable energy future for... 

Erin Energy Commences Production From the Oyo-7 Well

     19th June 2015 Erin Energy Corporation announced today it has commenced production from the Oyo-7 well (“Oyo-7”) located in OML 120 offshore Nigeria. Erin Energy is the operator of the Oyo field and has a 100% interest in the block. Oyo-7 was drilled to a total depth of approximately 8,000 feet (2,438 meters)... 

Cliffe Dekker Hofmeyr appoints new oil and gas team

     21st April 2015 Business law firm Cliffe Dekker Hofmeyr announced on Tuesday that it had appointed a new oil and gas legal team, which comprised director Megan Rodgers, associates Craig Wilton and Giovanni Cloete, and personal assistant Theresa Barreto. Rodgers would lead the firm's oil and gas sector offering... 

Energy expert warns on renewables ‘panacea’ and country comparisons

     19th February 2015 Amid the intense debate surrounding the future of electricity supply in South Africa, delays in construction of new power plants, renewables, a re-awakening of nuclear generation and the increasing costs that come with electricity supply, is there an answer to South Africa’s power resource... 

More accurate digital migration progress database to be established

By: Natasha Odendaal     17th February 2015 On June 16, 2006, hundreds of countries agreed to a June 17, 2015, deadline to switch off their analogue transmissions; however, insufficient tabs had been kept on the status of the countries’ transition to digital broadcasting and a new platform has been proposed by the International... 

14 African countries to have energy action plan, investment prospectus by end 2014 through SE4ALL

By: Leandi Kolver     17th September 2014 The African hub of the United Nations Sustainable Energy for All (SE4ALL) initiative was aiming to have assisted 14 countries on the continent in developing energy action agendas and investment prospectuses by the end of this year, the African Union’s (AU’s) New Partnership for Africa’s... 

Camac’s $270m placement with PIC completed, exploration activities progress

By: Natasha Odendaal     11th August 2014 JSE- and NYSE-listed Camac Energy on Monday announced that its $270-million private placement with the South African Public Investment Corporation (PIC) has been completed. Last year, Camac entered into a definitive agreement with the PIC for the equity investment through a private placement of... 

JSE resource listings plunge 50% in last 20 years, total market cap at R2.82tr

By: Chantelle Kotze     8th August 2014 Although the resource listings on the JSE have declined significantly over the last 20 years, from 130 listed mining companies in 1994 to only 66 basic resource companies (in the mining and industrial metals, as well as the mining sectors), the total market capitalisation of mining companies... 

Safeguard duties imposed on frozen potato chips

By: Callie Lombard     8th August 2014 Frozen potato chips safeguard On July 25, the South African Revenue Service (Sars) imposed a final (definitive) safeguard on frozen potato chips (or French fries), classifiable under tariff subheading 2004.10.20, through two Government Gazette notices. The safeguard of 40.92% was imposed from... 

WTO deliberates on customs valuation of software

By: Callie Lombard     6th June 2014 On May 12, the World Trade Organisation (WTO) announced that the committee on customs valuation had discussed a proposal by Uruguay to update a 30-year-old decision that has allowed members to value, for customs purposes, software and data on the basis of the cost of the carrier media (such as... 

Camac Energy eyes Gambia oil projects

By: Natasha Odendaal     8th May 2014 As Camac Energy progresses its interests in Nigeria, Ghana and Kenya, the dual-listed group plans to implement the drilling of its first offshore exploration well in Gambia in 2016. Frontier exploration activities are also continuing offshore Gambia on Blocks A2 and A5, where the Africa-focused... 

Life expectancy decreasing or static for 76 million people – Age Demands Action on universal health care

     7th April 2014 Seventy six million older people around the world are being excluded from vital healthcare, with life expectancy at 60 decreasing or static in 38 out of 194 countries, says HelpAge International’s campaigning network Age Demands Action on World Health Day. “The results show the urgent need for... 

Narrowed oil sales drive FY loss for Camac

By: Natalie Greve     17th March 2014 Independent oil and gas exploration and production company Camac Energy reported a net loss of $15.9-million, or $0.04 a basic and diluted share, for the full year ended December 31, 2013, on the back of lower crude oil sales. The loss came as the New York-listed energy firm, whose asset... 

West African Power Transmission Corridor

By: Sheila Barradas     28th February 2014 The West African Power Transmission Corridor will ensure the transmission of energy between the seven West African countries. 

Sambangalou dam project, Guinea, Guinea-Bissau, Senegal and The Gambia

By: Sheila Barradas     14th February 2014 The proposed Sambangalou dam project entails the construction of a gravity dam, with a 128 MW capacity, and a 185 km2 reservoir. 

Zetes to produce Gambian passport and deliver an e-gate for border control

     8th October 2013 etes announces it has been awarded a fifteen year contract to implement biometric electronic passports for Gambia. It is estimated that forty thousand passports will be produced each year as part of the subcontracting contract, in which the primary contractor is Africard. Implementation has... 

Renewable energy boost for world’s developing countries

By: Creamer Media Reporter      26th September 2013 An innovative e-learning course that aims to take renewable energy to developing countries across the world has been created at the University of Strathclyde, Glasgow. The course has been developed as part of a project that supports the United Nations’ goal of sustainable energy for all and will... 

Governments failing to create favourable conditions for civil society

By: Creamer Media Reporter      23rd September 2013 A new index published today by the global civil society network, CIVICUS, shows that many governments around the world are failing to keep their promise to create an environment that allows citizens to mobilise and participate in civil society. “Despite countless promises from governments that... 

Governments failing to create favourable conditions for civil society

By: Creamer Media Reporter      23rd September 2013 A new index published today by the global civil society network, CIVICUS, shows that many governments around the world are failing to keep their promise to create an environment that allows citizens to mobilise and participate in civil society. “Despite countless promises from governments that... 

Taxation amendment Bills published for comment

By: Callie Lombard     19th July 2013 National Treasury issued a media statement on July 5 extending an invitation to interested parties to submit comments by August 5 on the Draft Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill 2013.  

Company Announcement: GeoForum, Africa’s premier geological exchange takes place at the Turbine Hall in Newtown

By: Creamer Media Reporter      24th June 2013 This conference provides a platform for those involved in the geosciences to interact and share information on commodity explorations, developments in current mineral deposits and gain additional insight in Geoscience techniques from both academic and industry points of view. The geological... 

Food insecurity slows Africa’s progress on development goals

By: Natalie Greve     27th May 2013 While Africa is the world’s second-fastest growing region, its rate of poverty reduction is insufficient to reach the Millennium Development Goal (MDG) of halving extreme poverty and hunger by 2015, asserts a progress report released by development organisations on Monday. The ‘MDG Report 2013:... 

Alcatel-Lucent secures two African submarine cable maintenance contracts

By: Natalie Greve     29th April 2013 Communication solutions provider Alcatel-Lucent has been awarded two contracts for marine maintenance services on portions of the West Africa Cable System (Wacs) and the Africa Coast to Europe (Ace) submarine cables, both of which link Africa to Europe. The NYSE-listed company said it had signed... 

Value of fraud in Africa doubles despite decline in occurrence – KPMG

By: Natasha Odendaal     17th April 2013 Despite a decline in the number of fraud cases reported in Africa, the value of the reported cases more than doubled during the transition from the first to the second half of 2012, audit, tax and advisory firm KPMG’s third Africa Fraud Barometer has revealed. The report, released on Wednesday,... 

Private funding required for Africa’s $47bn pipeline of priority power projects 

By: Terence Creamer     19th February 2013 The funding gaps associated with the energy components of the African Union’s $360-billion Programme for Infrastructure Development for Africa (Pida) remain material and will not be closed in the absence of improved project preparation, greater regional cooperation, policy and regulatory... 

Eskom eyes African hydropower, transmission prospects  

By: Terence Creamer     12th October 2012 South African electricity utility Eskom has finalised a draft African strategy, which could result it in taking equity as well as operational positions in generation and transmission projects in the rest of the continent, with its primary focus being opportunities in Southern Africa. CEO Brian... 

Africa aims to implement 15 cross-border energy projects worth $40.5bn by 2020

By: Terence Creamer     5th October 2012 Africa’s heads of State have endorsed a pipeline of 15 priority energy projects with a combined price tag of $40.5-billion, which they say needs to be implemented between 2012 and 2020 to lay the basis for improved energy access and further economic growth. The project portfolio, which has been... 

Africa aims to implement 15 cross-border energy projects worth $40.5bn by 2020

By: Terence Creamer     25th September 2012 Africa’s heads of State have endorsed a pipeline of 15 priority energy projects with a combined price tag of $40.5-billion, which they say needs to be implemented between 2012 and 2020 to lay the basis for improved energy access and further economic growth. The project portfolio, which has been... 

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