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Mantashe blames Gold Fields bosses for mine woes

By: Reuters     16th August 2018 Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", Mining Minister Gwede Mantashe said on Thursday, piling pressure on CE Nick Holland. Gold Fields, which is due to report half-year results later, said this week it would cut 1 100 permanent jobs... 

Workers reject latest wage offer by South African gold producers

By: African News Agency      16th August 2018 Workers unions on Wednesday rejected the revised three-year wage offers of up to 7.2% salary increases made by South African gold producers at the a centralised collective bargaining forum. This as the fourth round of wage negotiations between four unions – the  Association of Mineworkers and... 

Exxaro H1 profit lifts boosted by coal performance

By: Reuters     16th August 2018 Exxaro Resources said on Thursday half-year profit rose 8%, boosted by a strong performance in its core coal business. Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in... 

Orion turbocharges Prieska study

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Cable theft disrupts Metrorail's Joburg-Pretoria train service

By: Reuters     15th August 2018 Metrorail has said its technical teams are busy replacing stolen cables after its train service between Pretoria and Johannesburg was disrupted on Wednesday morning due to missing overhead wires on both lines at Olifantsfontein. As a result, trains from Johannesburg are turning around at... 

Tiger Brands class action lawsuits combined into one certification application

By: Marleny Arnoldi     14th August 2018 The attorneys acting on behalf of the different applicants in two separate listeriosis class action lawsuits against Tiger Brands over the listeriosis outbreak have agreed to combine the lawsuits into a single certification application. Tiger Brands on Tuesday said its legal representatives... 

City of Joburg makes 71 inner city properties available for private sector development

By: Marleny Arnoldi     14th August 2018 Johannesburg executive mayor Herman Mashaba has declared Johannesburg’s inner city open for business by putting 71 properties out to tender for private sector development into mixed-income housing, student accommodation and small business rental space. This forms part of City of Joburg’s inner... 

Rand rebounds two percent as Turkey-led rout eases

By: Reuters     14th August 2018 South Africa's rand gained more than 2% on Tuesday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because of fears over the Turkish economy. At 0705 GMT, the rand traded at 14.0800 versus the dollar, around 2.3% stronger on the day and more than 11%... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

South African manufacturing sector set to grow

13th August 2018 If recent investments in the manufacturing industry are indicative of the trend going forwards, then the future is looking bright for this often beleaguered market sector. In addition, the South African government recently announced that it was embarking on an offensive to attract $100-billion... 

Randgold looking across the Atlantic

By: Martin Creamer     10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... 

Government considering ban on microbeads after Gauteng drinking water is found to be contaminated

By: News24Wire      10th August 2018 The government has set up a task team to look at imposing a total ban on microbeads – the tiny plastic beads used in cosmetics, toothpaste and sandblasting. This comes after a Water Research Commission study found microplastic pollution in tap water in Johannesburg and Tshwane, as well as in all... 

Ongoing waterproofing for Innovation Hub campus

By: Jessica Oosthuizen     10th August 2018 Speciality chemicals manufacturer a.b.e. Construction Chemicals continues to provide large volumes of polyurea coating for the waterproofing of an expansive roof of one of the Innovation Hub campus’ new buildings in Gaborone, Botswana. The project is expected to be completed by the end of the... 

Company appoints resellers to install sealing systems

By: Jessica Oosthuizen     10th August 2018 Distributor and maintenance contractor Southern Africa Master Distributors (SAMD), which is the Africa representative for sealing solutions provider Beele Engineering, has trained and appointed resellers in key industries to install Beele Engineering products, says SAMD sales and marketing... 

Tipping point?

By: Terence Creamer     10th August 2018 The dust has well and truly settled on of the tenth Brics summit, hosted in Johannesburg last month. While the event was generally viewed as positive from a South African perspective, it failed to capture the popular imagination. Most public interest centred on whether Russia’s strongman... 

Govt moving to accelerate measures to boost township economy

By: Sydney Majoko     10th August 2018 One of the most frustrating realities of government operations is the red tape that entrepreneurs experience when they seek assistance. The slow wheels of government-led initiatives tend to drive many entrepreneurs to despair before they even embark on the first step of their economic endeavours.... 

Space agencies of South Africa and India strengthen cooperation

By: Rebecca Campbell     10th August 2018 The South African National Space Agency (Sansa) and the Indian Space Research Organisation (ISRO) formalised their relationship by signing a Memorandum of Understanding on the fringes of the recent Brics Summit in Johannesburg. (Brics is the alignment between Brazil, Russia, India, China, and... 

Should we worry about Chinese generosity?

By: Martin Zhuwakinyu     10th August 2018 Back in March, former US Secretary of State Rex Tillerson became the umpteenth Western big gun to urge Africans to beware of Chinese generosity on the continent, which has taken the form of freebies such as the African Union headquarters in Addis Abba, Ethiopia – built at a cost of $200-million... 

Do-it-yourself works for Pratley as it turns 70

By: Schalk Burger     10th August 2018 Full control over raw-material sources, production and packaging, as well as the in-house expertise that this stimulates, enables the Pratley group of companies to develop innovative products, ensure quality control and grow, says Pratley CEO Kim Pratley. The company, which produces a well-known... 

Jennifer Retief

10th August 2018 This week we profile Jennifer Retief, CEO of Riversands Incubation Hub, which helps to grow and develop black-owned small businesses   

Glencore closing in on oil deal, transacting with Eskom

By: Martin Creamer     8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... 

Unctad, Alibaba say Africa is ripe for e-commerce opportunities

By: Marleny Arnoldi     8th August 2018 Across Africa, e-commerce platforms flanked by payments, logistics, tourism and big data partners, are beginning to lift local economies, says e-commerce giant Alibaba’s Business School and the United Nations Conference on Trade and Development (Unctad), which co-hosted the Netrepreneurs: The... 

JRA reopens expanded asphalt plant to better meet city’s infrastructure needs

By: Simone Liedtke     8th August 2018 As part of its commitment to bringing real change to communities, the Johannesburg Road Agency (JRA) on Wednesday relaunched its asphalt plant, in Ophirton, Johannesburg. The plant, which was first built in 1965, had to be refurbished to ensure it meets air quality requirements. 

Glencore darts ahead of diversified rivals

By: Martin Creamer     8th August 2018 The strength of the business model and commodity mix of mining and marketing company Glencore has been demonstrated once again by sharp increases in earnings and net income in the six months to June 30. The earnings before interest, taxes, depreciation and amortisation (Ebitda) of the 146... 

Development continues at Waterfall City 

8th August 2018 From Creamer Media in Johannesburg, this is the Real Economy Report. Sashnee Moodley: Construction and development of JSE-listed Attacq’s Waterfall City is ongoing, with new infrastructure including roads, residential properties and warehouses continuously in the pipeline. Anine Kilian tells us... 

AB InBev to build new brewery in fast-growing Mozambique

By: Reuters     8th August 2018 Anheuser-Busch InBev, the world's biggest brewer, will start building a more than two-million hectolitre a year brewery in Mozambique in the second half of next year, the company's Africa head said on Tuesday. The Mozambique investment will look to fend off competition from rival Heineken, which... 

Celebrating the women of the Engen Knockout Challenge

By: Creamer Media Reporter      8th August 2018 Women are making their mark in football officiating in South Africa.   As we enter Women’s Month, the role of women in football was highlighted when the South African Football Association (SAFA) recently appointed its first female vice-president, Ria Ledwaba, and the Premier Soccer League (PSL)... 

Engen Pitch & Polish continues to advance entrepreneurs

By: Creamer Media Reporter      8th August 2018 Engen believes that entrepreneurship and an entrepreneurial culture are crucial to South Africa’s sustainable economic and social development. This is why the petroleum giant is again a proud partner and the headline sponsor of the 2018 Engen Pitch & Polish, powered by Raizcorp.   It is the ninth... 

Govt must play role in limiting large-scale retrenchment – RBPlat 

By: Martin Creamer     7th August 2018 Government must play a role in limiting large-scale retrenchment in the platinum sector by potentially incentivising companies to curb job loss. Mineral Resources Minister Gwede Mantashe has objected strongly to the retrenchment plans of Impala Platinum in particular and Royal Bafokeng Platinum... 

Draft charter offers opportunity to improve policy certainty, investor perception

By: Simone Liedtke     7th August 2018 The draft 2018 iteration of the Mining Charter, as well as the Mineral and Petroleum Resources Development Act and social and labour plans amendments expected later this year, offer an opportunity to improve regulatory and policy certainty and, subsequently, investor perception in the South... 

South African manufacturing sector set to grow

By: Creamer Media Reporter      7th August 2018 If recent investments in the manufacturing industry are indicative of the trend going forwards, then the future is looking bright for this often beleaguered market sector. In addition, the South African government recently announced that it was embarking on an offensive to attract $100-billion... 

Eureka Roodepoort to Save 60% on Electricity Bill with New 312kWp Solar System

By: Creamer Media Reporter      7th August 2018 Johannesburg based turnkey energy solutions company, Hanonox, has recently completed a 312kWp solar project for major South African hardware manufacturer, Eureka DIY Solutions. The project is a combination of two systems – 92kWp and 220kWp – generated by advanced JA Solar modules and Huawei... 

Heavy-handed laws not needed to transform mining – RBPlat 

By: Martin Creamer     6th August 2018 The growth of the once small community-based Royal Bafokeng Platinum (RBPlat) into the fully fledged mining company that it is today, provides ample evidence that transformation is best served by collaborative partnerships rather than heavy-handed laws. “Anglo American Platinum have been an... 

High-speed door solutions from Maxiflex are cool!

6th August 2018 High-speed roll-up doors from Maxiflex are helping to maintain constant temperatures inside the cold storage and refrigeration areas of Makro Riversands and Makro Springfield located in Gauteng and Kwazulu-Natal (KZN) respectively. “Makro Riversands is a brand new store that opened its doors at... 

High-speed door solutions from Maxiflex are cool!

3rd August 2018 High-speed roll-up doors from Maxiflex are helping to maintain constant temperatures inside the cold storage and refrigeration areas of Makro Riversands and Makro Springfield located in Gauteng and Kwazulu-Natal (KZN) respectively. “Makro Riversands is a brand new store that opened its doors at... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Octodec uplifts Tshwane CBD

By: Marleny Arnoldi     3rd August 2018 JSE listed real estate investment trust (Reit) Octodec has uplifted the Tshwane central business district (CBD) with various residential, commercial, office and retail developments, with the aim of providing safe, clean and productive environments for the citizens of the city. The latest... 

Key industry knowledge to be delivered at co-located conferences

By: Creamer Media Reporter      3rd August 2018 Electra Mining Africa offers further value-add to visitors attending industry conferences, which will be taking place alongside the trade show.   With a heritage to be proud of and backed by 46 years of experience, Electra Mining Africa is ranked as one of the largest mining shows in the world... 

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