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Renewable Energy Independent Power Producer Procurement Programme – third window, nationwide, South Africa

By: Sheila Barradas     18th March 2016 An update on the Renewable Energy Independent Power Producer Procurement Programme – third window. 

Building the Perfect Public-Private Partnership in Africa

16th March 2016 When South African Minister of Finance, Pravin Gordhan detailed his budget in Parliament in Cape Town, he emphasized the need for Public Private Partnerships to evolve as a means to reinforce and drive infrastructure. This is a thought that is shared across the African continent, with PPPs now... 

Continued Infrastructure Development Essential In Unlocking Africa’s Economic Growth Potential

11th March 2016 With infrastructure development playing a fundamental role in accelerating any country’s economic growth, governments’ spend on infrastructure development not only provides a stimulus to a country’s economic growth, but it can also crowd in private sector and foreign direct investment. This... 

The Continental Free Trade Area Is Paramount In Unlocking Africa’s Economic Growth Potential

11th March 2016 The Continental Free Trade Area and its implications for manufacturing in Southern Africa need to be top on the agenda of businesses operating within the metals and engineering sector, Steel and Engineering Industries Federation of Southern Africa Chief Executive Officer Kaizer Nyatsumba said... 

Struggling Metals And Engineering Sector To Come Under Scrutiny

11th March 2016 The metals and engineering sector, which has been seriously under-performing in recent years, will come under microscopic scrutiny when stakeholders from business, labour and Government meet at the second Southern African Metals and Engineering Sector in May. To be held at the Industrial... 

Cabinet sheds light on minimum wage and drought  

By: News24Wire      8th March 2016 A delegation of Cabinet ministers who briefed the media on the nine-point plan President Jacob Zuma announced in his State of the Nation address last month touched on the proposed national minimum wage, the disastrous drought and President Jacob Zuma’s latest utterances on land claims. Labour... 

German fan specialist acquires majority share in local company

By: David Oliveira     26th February 2016 Germany-based global fan producer TLT-Turbo acquired a majority shareholding – from previous majority shareholders the Industrial Development Corporation of South Africa and private investors – in local fan-manufacturing company MechCaL last month. MechCaL’s management team remains the minority... 

Lack of planning to address slow economic growth worrying – Seifsa

By: David Oliveira     25th February 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed government’s announced efforts to reduce its expenditure; however, the organisation remained concerned about the lack of concrete plans to address the country’s slow economic growth. Speaking a day after... 

SA 2016/17 BUDGET

25th February 2016 Minister Gordhan presented his budget speech to Parliament earlier today. Summarised below are important aspects from a government grant and incentives perspective. The Green Economy 

Enviro department says it’s not to blame for Highveld Steel closure

By: African News Agency      22nd February 2016 The environmental affairs department on Sunday refuted claims that it had in any way scuppered the possible sale of Evraz Highveld Steel and Vanadium, thus forcing the company’s closure. “While no direct blame has been laid at the door of the department, business-rescue practitioners have... 

Ipsa shareholders approve sale of sole operating asset

By: Creamer Media Reporter      17th February 2016 Shareholders of dual-listed Ipsa on Wednesday approved the sale of the company’s subsidiary Blazeway Engineering, which owns Newcastle Cogeneration (NewCogen), to Sloane Corporation. Ipsa last month announced plans to sell the subsidiary to raise working capital and avoid sending NewCogen – its... 

Unions urge govt to prevent Highveld collapse 

By: Creamer Media Reporter      16th February 2016 Trade unions Solidarity and the National Union of Metalworkers (Numsa) have urged government to intervene in the collapse of Highveld Steel & Vanadium to prevent the loss of a strategic player and thousands of skilled jobs. The steel major on Tuesday issued notice to 1 800 of its staff members as... 

Leading global fan producer TLT-Turbo GmbH acquires majority shareholding in local fan manufacturing company MechCaL (Pty) Ltd.

15th February 2016 At the end of January 2016 TLT-Turbo GmbH acquired the majority shareholding previously held by the Industrial Development Corporation of South Africa Limited and private investors. MechCaL’s management team remain as minority shareholders with key staff affirming their ongoing commitment to the... 

Palabora iron-making plant nearing commercial operation

By: Ilan Solomons     12th February 2016 The shortage of high-quality scrap metal and the challenging economic climate have provided a boost for local metallic iron units producer Iron Mineral Beneficiation Services (IMBS) and State-owned development finance institution the Industrial Development Corporation’s (IDC’s) SupaScrap... 

KaXu Solar One parabolic trough plant and Khi Solar One concentrated solar power projects, South Africa

By: Sheila Barradas     12th February 2016 The 50 MW Khi Solar One has started commercial operation. 

Second metals, engineering indaba set for May

By: Anine Kilian     8th February 2016 The metals and engineering sector, which has been underperforming in recent years, will come under microscopic scrutiny when stakeholders from business, labour and government meet at the second Southern African Metals and Engineering Indaba in May. Former Deputy President Kgalema Motlanthe would... 

Khi Solar One enters commercial operation  

By: Anine Kilian     8th February 2016 The 50 MW Khi Solar One concentrated solar power plant near Upington, in the Northern Cape, has started commercial operation. The plant is operated and maintained by Spanish technology group Abengoa, which owns 51% of the project, with the Industrial Development Corporation (IDC) holding a 29%... 

Northam signs R250m subscription agreement with IDC

By: Megan van Wyngaardt     5th February 2016 JSE-listed Northam Platinum's shares rose by 7.66% on Friday afternoon after it announced that it has entered into a R250-million subscription agreement with the Industrial Development Corporation (IDC), stipulating that the latter would subscribe to new domestic medium-term notes. The proceeds,... 

IDC set to invest $10m in Congolese tin project

By: Ilan Solomons     29th January 2016 TSX-V-listed mineral exploration company Alphamin Resources has entered into an agreement with South Africa’s State-owned development finance institution the Industrial Development Corporation(IDC) pursuant to which the IDC will invest up to $10-million directly in Alphamin Bisie Mining (Alphamin... 

IDC, Chinese group mulling $800m SA car manufacturing plant

By: Irma Venter     29th January 2016 The Industrial Development Corporation (IDC) and Beijing Automotive Group Corporation Limited (BAIC) intend to establish a new vehicle manufacturing facility in South Africa, in a $800-million investment, excluding land and buildings, says IDC spokesperson Mandla Mpangase. The plant will produce... 

South African State-owned vehicle manufacturing plant project

By: Sheila Barradas     29th January 2016 The project aims to establish a new vehicle manufacturing facility in South Africa. 

Champions needed to take up nation-building messages left by Dr RE (Robbie) Robinson RIP 

By: Martin Creamer     26th January 2016 Visionary research commentator, Dr RE (Robbie) Robinson, a chemical engineer with distinguished involvement in minerals beneficiation spanning more than 60 years and a passion for linking mining and agriculture, has died here at the age of 86. Warm-hearted and good-natured Robinson, who was a... 

South Africa still a preferred investment destination, says presidency 

By: African News Agency      25th January 2016 The overwhelming sentiment emanating from the 2016 World Economic Forum (WEF) in Davos, Switzerland, is that investors continue to see South Africa as a preferred investment destination, the presidency said on Saturday. President Jacob Zuma led the high-level Team South Africa delegation and... 

Zokwana says S Africa must brace for food shortages 

By: African News Agency      22nd January 2016 South Africa has reviewed its yield expectations because of the current drought affecting one of Africa’s biggest economies, Agriculture Minister Senzeni Zokwana said on Friday. “Food security will be heavily affected by drought because we will not harvest the yield we expected. In some places,... 

Consulting firm wins LTA contract for NC solar projects

By: Dylan Stewart     22nd January 2016 Multidisciplinary consulting firm WSP | Parsons Brinckerhoff, Africa has been appointed as the lender’s technical advisor (LTA) for two Northern Cape-based solar photovoltaic (PV) projects, by local independent power developer BioTherm Energy, says WSP principal projects manager Dinesh Buldoo.... 

Steam-producing boiler room reduces electricity consumption

22nd January 2016 Owing to the ability of its boiler room that produces steam for the printing process, printing company Paarl Media’s specialised printing division Paarl Media Cape is achieving about 85% to 90% energy efficiency as a result of its new biomass steam plant.  

South Africa dare not miss Fourth Industrial Revolution 

By: African News Agency      20th January 2016 The Fourth Industrial Revolution is a fast train coming through town. South Africa can choose to jump on board or not, or – in the words of Nicky Newton-King, CE of the JSE – co-create the future, or let it happen around us. Newton-King was part of a panel of leading South African businesspeople... 

Pick-up war set to intensify as more European brands enter the fray

By: Irma Venter     15th January 2016 In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pick-ups may be added to the list, with the European... 

Pick-up war set to intensify as more European brands enter the fray

By: Irma Venter     15th January 2016 In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pickups may be added to the list, with the European... 

Alstom to acquire 51% of Gauteng-based train refurbishing specialist

By: Irma Venter     15th January 2016 Rail group Alstom has signed an agreement to purchase 51% of South African rail company Commuter Transport & Locomotive Engineering (CTLE), for an undisclosed amount. CTLE, specialising in the modernisation of trains, was previously known as Union Carriage and Wagon (UCW). 

New Resgen board reviews Boikarabelo architecture

By: Natalie Greve     17th December 2015 Following a successful board spill by three major shareholders last month, dual-listed Resource Generation (Resgen) says its new executive management and board, which included a new chairperson, deputy chairperson, interim CEO and company secretary, have reviewed the project architecture of the... 

China, SA State-owned vehicle plant to be established in $800m investment 

By: Irma Venter     9th December 2015 The Industrial Development Corporation (IDC) and Beijing Automotive Group Corporation Limited (BAIC) intend to establish a new vehicle manufacturing facility in South Africa, in a $800-million investment, excluding land and buildings, says IDC spokesperson Mandla Mpangase. The plant will produce... 

IDC reschedules DiamondCorp’s R220m loan

By: Ilan Solomons     3rd December 2015 The Industrial Development Corporation (IDC) has approved the rescheduling of dual-listed DiamondCorp’s existing R220-million loan, including the capitalisation of interest previously due in 2016. The IDC also agreed to the ongoing capitalisation of interest and deferment of capital payments... 

JSE punts local equity market to Asian funders ahead of China, Africa talks

By: Natalie Greve     27th November 2015 A week ahead of the second annual gathering of the Forum on China–Africa Cooperation (Focac), in Johannesburg, the JSE is rolling out the proverbial red carpet for Chinese investors looking to Africa’s largest bourse for possible investment opportunities, calling attention to South Africa’s... 

Alstom to acquire 51% of SA’s CTLE rail company

By: Irma Venter     26th November 2015  Rail group Alstom announced on Thursday that it had signed an agreement to purchase 51% of South African rail company Commuter Transport & Locomotive Engineering (CTLE), for an undisclosed amount. CTLE, specialising in the modernisation of trains, was previously known as Union Carriage and Wagon... 

Adams and Bellatrix solar power projects, South Africa

By: Sheila Barradas     6th November 2015 The project involves the construction of the 5.8 MW Adams and 5.8 MW Bellatrix solar projects, in the Western Cape. 

Mobilising funding for ten small renewable-energy projects

By: Anine Kilian     6th November 2015 Ten small preferred energy projects bidders under the Department of Energy’s Independent Power Producer Procurement Programme (IPPPP) were announced by Energy Minister Tina Joemat-Petterson at the South African International Renewable Energy Conference last month.   Joemat-Pettersson said the... 

Cabinet approves black industrialists policy 

By: African News Agency      5th November 2015 Cabinet approved the long awaited Black Industrialists Policy, Minister in the Presidency Jeff Radebe announced on Thursday. Briefing journalists at Parliament on the fortnightly post cabinet meeting, Radebe said the policy would form part of government’s plans to expand South Africa’s industrial... 

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