R/€ = 15.59 Change: 0.01
R/$ = 13.69 Change: 0.00
Au 1292.60 $/oz Change: 2.31
Pt 805.53 $/oz Change: 3.38


Glencore chair Tony Hayward latest to drop out of Saudi conference

By: Reuters     17th October 2018 Glencore said its chairman Tony Hayward will no longer be attending the Future Investment Initiative conference in Saudi Arabia, confirming a report in the Financial Times. He is the latest top executive to pull out of next week's high profile conference, amid widespread concern about the fate... 

Gold trading volumes double in Turkey amid currency crisis

By: Bloomberg     18th August 2018 First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Gold futures volumes have surged on the Borsa Istanbul as the volatile currency attracts speculation and... 

Rand rout threatens fuel price stability, warns AA

By: News24Wire      15th August 2018 Substantial rand weakness could undo recent fuel price stability, the Automobile Association (AA) warned on Wednesday. It was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF). "Almost two months of modestly improving rand strength ended in a dramatic... 

Turkish court jails executives over 2014 coal mine disaster

By: Reuters     11th July 2018 A Turkish court sentenced five mining executives to up to 22 years in jail on Wednesday for their role in the coal mine disaster in May 2014 that killed 301 people, the ruling showed. The deaths were caused by a fire that swept through the mine in the town of Soma, 480 km south of Istanbul. It... 

UK airline to launch direct Durban–London air link

By: Rebecca Campbell     18th May 2018 The Dube TradePort Special Economic Zone has announced that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is located... 

Direct Durban-London air link to be launched by UK carrier

By: Rebecca Campbell     8th May 2018 The Dube TradePort Special Economic Zone announced on Tuesday that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is... 

Koza Altin, GreenOre to expand drilling for gold in Scotland

By: Reuters     5th April 2018 Koza, whose founder had to abandon his Turkish gold assets, is expanding his operations in Britain with a $1-million programme to drill for gold in Ayrshire, Scotland, together with a venture partner, the company said on Thursday. Founder Akin Ipek built a multi-billion-dollar fortune in Turkey... 

Turkish gold businessman to sue Turkey's savings deposit bank

By: Reuters     27th January 2018 The founder of Turkey's biggest mining company Akin Ipek has launched legal action against a Turkish state fund in the latest stage of his battle for control of London-based assets, a spokesman for the British subsidiary said. Turkish authorities have seized hundreds of companies that are now... 

Turkish gold imports hit record 370 t in 2017 – Borsa Istanbul

By: Reuters     19th January 2018 Gold imports to Turkey hit a record 370 t in 2017, more than trebling from 106.1 t, data from Borsa Istanbul showed. This was the highest level of imports since the data was made available in 1995 and well above the previous record of 302 t set in 2013. 

Turkey's gold-buying spree has market wondering how much and why

By: Bloomberg     6th November 2017 Turkey’s central bank is hoarding gold again. The question is, how much and why? Official data show Turkey added 3.8-million ounces of gold worth almost $5-billion to reserves this year. While actual purchases could be much less – the figure is skewed by metal deposited by commercial banks –... 

Ataköy-İkitelli metro line project, Turkey

By: Sheila Barradas     1st September 2017 The Istanbul Metropolitan Municipality aims to expand the existing 145 km metro network to 450 km by 2019 and to 650 km by 2030.  

Intelligent truck axle saves 6% in fuel costs

25th August 2017 Global automotive manufacturer Mercedes-Benz has pioneered the production of a lightweight truck axle, designed to aid in reducing the fuel consumption of the Mercedes-Benz Actros, a heavy-duty truck first introduced to the market in 1995. The axle is now available from Mercedes-Benz.  

Turkish firms set for $64bn spending spree to leave home

By: Bloomberg     21st August 2017 Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now, it’s a conglomerate with interests in mining, ports and chemicals across 28 countries. Twenty four years after the deal to import coal... 

Turkish May gold imports highest since August '08

By: Reuters     2nd June 2017 Gold imports to Turkey rose to 48 t in May, up from 23.9 t in April, and marking the highest monthly imports since August 2008, data from the Istanbul bourse showed on Wednesday. Turkey's gold imports rose 17-fold in March, as Turks looked to hedge currency risk ahead of an April 16 referendum,... 

Alstom receives order in Canada

2nd June 2017 Railway systems and equipment company Alstom has been awarded a firm order for the supply of 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area by Ontario government agency Metrolinx.  

Biotechnology and injectable plant project, Turkey

By: Sheila Barradas     5th May 2017 The International Finance Corporation is considering a project loan of up to $25-million for the project. 

Laptop bomb threat is real and expect restrictions to go global

By: Keith Campbell     31st March 2017 Just about 15 months ago, on February 2, 2016, a suicide bomber detonated a bomb onboard an Airbus A321 airliner of Daallo Airlines some 15 to 20 minutes after it took off from Mogadishu Airport. The bomb blew a roughly one square metre hole in the aircraft’s fuselage. Fortunately, it had been... 

Terex Trucks partners with Ascendum in Turkey

31st January 2017 Front and side view of Terex Trucks’ 91-tonne capacity rigid hauler, the TR100. To lay a strong foundation for the expected long-term growth in Eurasia, Terex Trucks has struck an alliance with distinguished equipment supplier Ascendum Makina. With customers active in infrastructure, road... 

The order is fading

By: Terence Creamer     4th November 2016 A line from American folk singer Bob Dylan’s 1964 classic ‘The Times They Are a-Changin'’ has deep resonance for the position the domestic and international electricity supply industry currently finds itself. Dylan, who was recently awarded the Nobel literature prize (a fact he has scarcely... 

What does the transformation of global power markets mean for SA’s renewables industry?

31st October 2016 According to a recently released report from the International Energy Agency (IEA), the surge in renewables energy projects globally has changed power markets for good. Over the next five years, the IEA forecasts that renewables will remain the fastest-growing source of electricity generation,... 

Turkish gold miners operate unhindered during attempted coup

By: Henry Lazenby     18th July 2016 Turkey-focused miner Alacer Gold reported Sunday that the Çöpler mine was operating as normal and that there were no local disruptions in the wake of a military coup d'état attempt on the government of Turkish President Recep Tayyip Erdoğan. The TSX- and ASX-listed company reported that after it... 

Johannesburg among top cities for women entrepreneurs

By: News24Wire      28th June 2016 Johannesburg is among the top 25 cities in the world which fosters high potential women entrepreneurs, according to the latest 2016 Women Entrepreneur Cities Index (WE Cities). The index looks at a city’s ability to attract and foster growth in firms founded by women entrepreneurs. The findings... 

TurkStream project, Russia and Turkey

By: Sheila Barradas     17th June 2016 TurkStream will connect the large gas reserves in Russia to the Turkish gas transportation network to provide reliable energy supplies for Turkey and south-east Europe. 

#Aaff2016 - Design Is: Universal | Global | Local

23rd May 2016 Fuelled by the magic of film and fired by the desire to celebrate architecture, the Architect Africa Film Festival was created in 2006 to acknowledge and embrace the astounding reality of urban living. In 2016, the Architect Africa Film Festival (#AAFF2016) will partner with our valued sponsors –... 

PaintExpo Inspires Exhibitors and Visitors

18th May 2016 During the course of its sixth edition, PaintExpo once again scored top ratings with regard to exhibitor and visitor numbers, as well as internationalism. The numerous RFQs, projects and orders brought to Karlsruhe by the 10,522 visitors who attended the leading international trade fair from 19... 

Enlarged Fastener Fair Turkey underlines market confidence

22nd April 2016 More than 190 exhibitors took part in the highly successful third Fastener Fair Turkey in Istanbul on 30 and 31 March. This represented a 46% increase in the number of companies participating compared to the previous exhibition in 2014, and led the event expanding into a second hall at the IFM -... 

Africa’s cement, concrete and construction industries are open for business

18th February 2016 The African Construction and Totally Concrete Expo provides a unique gateway into doing construction business across the continent’s high growth and high risk markets. The subcontinent requires 40 million tonnes of new cement capacity alone in order to meet rising urbanisation and growth rates... 

AHEC outlines ‘forward thinking’ strategy to open up new market opportunities for American hardwoods

10th February 2016 Collaborations, installations, seminars, workshops and sustainable design initiatives to comprise the major elements of AHEC’s campaign The American Hardwood Export Council, the leading international trade association for the American hardwood industry, has outlined its forward thinking strategy... 

Metropolitan Municipality of Istanbul metro line project, Turkey

By: Sheila Barradas     5th February 2016 The completion of Phase 3 of project is yet to be confirmed. 

World-class smart metering competences move closer to Turkey’s utilities

25th January 2016 The demand for intelligent solutions for running a better and more efficient supply business is growing in Turkey. Now one of the world’s leading suppliers of smart metering solutions, Danish Kamstrup, opens a new local subsidiary in Istanbul to provide better support and to be closer to their... 

Turkish Airlines launches a new route to Durban’s King Shaka International airport

By: African News Agency      5th November 2015 Turkish Airlines on Thursday launched its third South African route, an inaugural route into Durban’s King Shaka International Aiport, the province’s treasury said. The airline – Turkey’s national flag carrier – launched its first flight on Thursday from Durban, travelling to Istanbul. 

Ghana to introduce powership-generated electricity into energy mix

By: Martin Zhuwakinyu     2nd November 2015 Ghana, which became the first country in sub-Saharan Africa to gain independence more than five decades ago, is poised to notch up another major later this month, when it starts feeding electricity generated from a utility-sized floating power plant directly into its national grid. This will be... 

Global trade slowdown will hit developing countries worst – Davies

By: Megan van Wyngaardt     7th October 2015 The global slowdown in trade has a disproportional impact on developing countries, given the relative size of their economies and consequent heavy reliance on international trade, Trade and Industry Minister Dr Rob Davies said on Wednesday. This was in light of the recent meeting of G20 Trade... 

eThekwini hopes to lift Durban visitor numbers 

By: Shirley le Guern     22nd September 2015 The eThekwini municipality and the KwaZulu-Natal provincial government are aiming to increase the number of international arrivals in Durban by at least two-million visitors a year – a target that is likely to be boosted by the announcement that Turkish Airlines and Qatar Airways plan to... 

DMCC signs MoU with Borsa İstanbul in Dubai

1st September 2015 DMCC, the Government and Free Zone authority on trade, enterprise and commodities in Dubai and Borsa İstanbul, have signed a Memorandum of Understanding (‘MoU’), to further enhance bilateral trade relations. The terms of the MoU state the two entities will collaborate to further enhance bilateral... 

IWE Istanbul Water Expo – Water & Wastewater Treatment Technologies Exhibition will be held on September at Istanbul Expo Center

11th August 2015 Organized by ITE Turkey’s subsidiary EUF International Trade Fairs, IWE Istanbul Water Expo – Istanbul Water and Wastewater Treatment Technologies Exhibition will be held from 3 - 5 September 2015 at Istanbul Expo Center about the need of water and wastewater treatment technologies and the... 

PeriLog—the new conference on food logistics

17th June 2015 'PeriLog', the new conference on food logistics, is to be held for the first time as part of logitrans, the International Transport Logistics Exhibition. In focus at PeriLog is the transportation and storage of perishable products, and cold-chain logistics, in particular logistics solutions for... 

Eurasia tunnel project, Asia and Europe

By: Sheila Barradas     5th June 2015 The project will connect the Asian and European sides through a highway tunnel underneath the seabed. 

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