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Brics nations must do away with restrictive barriers to trade

By: African News Agency      23rd July 2018 The Brics nations should look at innovative ways to remove barriers to trade, including decreasing barriers to new technology growth, while also considering a Brics visa card. This is according to Elena Myakotnikova of the Agency for Strategic Initiatives, who delivered a presentation on a "road... 

De Beers to move 200 elephants from South Africa to Mozambique

By: Reuters     23rd July 2018 Diamond producer De Beers said on Monday it was relocating 200 elephants from its private reserve in South Africa to neighbouring Mozambique, part of wider efforts to restore wildlife populations ravaged by conflict there. The Anglo American unit said its 32 000 ha Venetia Limpopo Nature Reserve... 

AngloGold says there's no escaping demise of South African gold

By: Bloomberg     23rd July 2018 South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairperson of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said... 

Make any job-site shine with rugged lighting technology from Milwaukee

23rd July 2018 Milwaukee’s high-output LED lighting offers full-day run-times in portable packages, utilising advanced technology to deliver consistent beams, optimised colour temperature, and true colour representation, all integral to ensuring more productive work areas and job sites in the construction and... 

Securex South Africa sees record-breaking 25th year

23rd July 2018 Securex South Africa reinforced its reputation as Africa’s leading security and fire trade exhibition this year, with its 25th anniversary show delighting visitors and exhibitors alike. The expo, which took place recently at Gallagher Convention Centre in Johannesburg, was once again co-located... 

AngloGold chairperson warns South Africa on 'reckless' mining rules

By: Bloomberg     20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Greg Young

20th July 2018 This week we profile Greg Young, CEO of tool and hardware wholesaler Matus   

FibreCo boosts broadband connectivity in Kroonstad

By: Natasha Odendaal     20th July 2018 Open-access infrastructure and connectivity provider FibreCo Telecommunications has lit up its first city along its national fibre route between Johannesburg and Cape Town. Under the “FibreCo Kroonstad connectivity project”, Free State city Kroonstad is the first in FibreCo’s town connectivity... 

PMI South Africa

20th July 2018 PMI South Africa is the local chapter of the Project Management Institute, the world’s leading and largest not for profit membership association for project management. PMI South Africa is the oldest continually operating PMI chapter outside North America, chartered in 1982.   Our mission is to... 

South Africa seeks to strike trade balance at Brics Summit

By: African News Agency      19th July 2018 South African government will be working to tackle the trade imbalance and also address complimentary trade between it and its Brics partners at the crucial upcoming Summit next week, officials said on Thursday.  Lerato Mataboge, deputy director-general at the Department of Trade and Industry... 

Mandela centenary commemorated with banknotes and R5 coin 

19th July 2018 To commemorate late Statesman Nelson Mandela’s centenary, the South African Reserve Bank has launched commemorative banknotes and a R5 coin into circulation, depicting the most significant occasions in Mandela’s life. Marleny Arnoldi attended the launch. 

Solidarity, NUM rejects gold producers wage offer

By: African News Agency      19th July 2018 Solidarity has become the second workers union to reject the latest three-year wage offer tabled by South African gold producers even though it admitted that the mining companies have presented a gloomy picture of the industry. Solidarity joins the National Union of Mineworkers (NUM) which... 

Jubilee delivers solid Q2 results

By: Natasha Odendaal     19th July 2018 AltX- and Aim-listed Jubilee Metals has achieved a 41% increase in operational earnings to £1.61-million for the second quarter of this year. The group, publishing its quarterly operations update, on Thursday, posted a 12% rise in project revenue to £4.37-million, a 25% hike in the Hernic... 

South Africa gold producers offer single-digit hikes 

By: Reuters     18th July 2018 South African gold producers have offered annual wage increases of around 5% to 6% over three years to most rank and file miners and up to 4.5% for more skilled workers, according to a document seen by Reuters. Gold producers have been giving above-inflation wage hikes for years, adding to the... 

Tawana says completes demerger of 85% of shares in Cowan Lithium

By: African News Agency      18th July 2018 Australia-based mineral exploration company Tawana Resources said on Wednesday it had completed the demerger of 85% of the shares in Cowan Lithium Limited, holding the Cowan, Yallari and Mofe Creek assets. Tawana retained 15% of the total issued shares in Cowan Lithium. 

Minerals Council says gold sector is facing 'serious challenges' 

By: African News Agency      18th July 2018 The Minerals Council South Africa, formerly the Chamber of Mines, said on Wednesday that the mining industry continued to face major challenges despite the gold sector remaining a significant contributor to the South African economy and its people. This as wage negotiations between four of the... 

SA Integrated Resource Plan nears completion

18th July 2018 Pan-African progress updates as Africa’s stakeholders convene in Sandton for key power sector summit South Africa’s Integrated Resource Plan (IRP), expected to be finalised in the course of the next month, will give Eskom and other power stakeholders clarity and direction, says Eskom Chairman... 

I believe in Nelson Mandela’s vision – Obama

By: Sane Dhlamini     17th July 2018 “I believe in Nelson Mandela’s vision,” former US President Barack Obama said during the sixteenth annual Nelson Mandela Lecture, on Tuesday. The event, held in Johannesburg, celebrates Madiba’s centenary this year and was attended by thousands including dignitaries such as Graça Machel, Ban Ki... 

Madiba belonged to the world – Ramaphosa  

By: Sashnee Moodley     17th July 2018 South Africans and people around the world are humbled and privileged to be participating in this celebration of the centenary of Nelson Mandela, declared President Cyril Ramaphosa during his introduction of former US President Barack Obama during the sixteenth annual Nelson Mandela Lecture,... 

Africa’s energy industry facing disruption

By: Anine Kilian     17th July 2018 Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on Tuesday, she noted that, ultimately, people who rely on the energy market will find ways to acquire... 

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... 

Yes, we can! – Graça Machel

By: Sashnee Moodley     17th July 2018 Speaking at the sixteenth annual Nelson Mandela Lecture in Johannesburg on Tuesday, Graça Machel called on South Africans to give all youth a chance and evoked former US President Barack Obama’s 2008 presidency campaign slogan ‘Yes, we can!’. Machel said that she was overjoyed to learn of the... 

Union calls for mine bosses to be prosecuted for deaths of mineworkers 

By: African News Agency      17th July 2018 The National Union of Metalworkers of South Africa (Numsa) on Tuesday called for mine bosses to be prosecuted for the deaths of six miners in Limpopo at the Phalaborwa Mining Company's copper mine. The men died after they became trapped underground when a fire broke out in the early hours of... 

R2.6bn boost for platinum demand

By: Martin Creamer     17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... 

China overloading poor nations with debt, top US official says

By: Reuters     17th July 2018 China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing - targeted by President Donald Trump in a trade war that... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

Fura to expand its Mozambique ruby holdings; considering an LSE listing

By: Anine Kilian     16th July 2018 TSX-V-listed gemstone producer Fura Gems has entered into an agreement to acquire an interest in nine ruby assets in Mozambique from ASX-listed Mustang Resources and Regius Resources Group for A$15-million, or about C$14.6-million, in cash and shares. Upon closing of the acquisition, Fura, which... 

New South African private market firm drives international portfolio access for local investors

By: Simone Liedtke     16th July 2018 Global private markets investment manager Partners Group and African information and communications technology impact investor Convergence Partners have joined forces to support the establishment of a private markets firm, Helical Capital Partners, which will provide the South African investor... 

Rio says workers return at South Africa's Richards Bay Minerals

By: Bloomberg     16th July 2018 Rio Tinto’s Richards Bay Minerals in South Africa said workers are reporting for duty after violence and protests that started more than a week ago shut the operations. “Following a significant improvement in the security situation, employees are returning to work today and we will safely ramp up... 

One arrested as Eskom stolen cables worth R5m discovered in Johannesburg 

By: Reuters     13th July 2018 An investigation team from Eskom recovered stolen Eskom infrastructure worth R5-million, the power utility said on Friday. One person was arrested when the team and members of the SA Police Service made the discovery of the infrastructure, which included aluminium and copper cables, in... 

Inquiry into Grayston drive bridge collapse awaiting heads of arguments

By: Creamer Media Reporter      13th July 2018 The Department of Labour-led inquiry into the October 2015 collapse of the Grayston drive pedestrian and cyclist structural bridge this week completed its work of gathering evidence. It is now awaiting the submission of written heads of arguments by legal representatives of interested... 

Infrastructure-focused firm moving to raise capital for next round of acquisitions

By: Terence Creamer     13th July 2018 JSE-listed investment holding company GAIA Infrastructure Capital is embarking on an investor roadshow in an effort to raise the capital it needs to acquire additional infrastructure assets with a combined value of R1.7-billion. The company, which invests in operating infrastructure assets in... 

SA mines relying heavily on unskilled workers despite Industry 4.0 gaining traction 

By: Dylan Slater     13th July 2018 Contrary to the expected move towards employing a higher number of skilled personnel at mines to catalyse modernisation and mechanisation targets, the South African mining industry has backtracked, employing a significant number of unskilled personnel instead, according to a report compiled by... 

Event seeks sustainability for Africa’s electricity supply industry

By: Tasneem Bulbulia     13th July 2018 This year’s POWER-GEN & DistribuTECH Africa (PGDA) event will focus on all areas of the electricity supply industry, in line with the goal to take a holistic approach and engender sustainability across the industry, PGDA consistent advisory board chairperson Dr Willie De Beer tells Engineering... 

Event provides inclusive platform for power supply industry

By: Tasneem Bulbulia     13th July 2018 POWER-GEN & DistribuTECH Africa is an important power generation and distribution event, as it enables the entire spectrum of the power supply industry to convene in one place, from end-user and supplier to service provider, says industrial rope access provider Skyriders marketing manager Mike... 

Technological advances fast-track new power projects

13th July 2018 Technological advances and a decline in prices in battery energy storage are driving progress in distributed power generation, grid stabilisation and utility scale energy applications, with significant opportunities for companies across Africa. Speaking ahead of Africa’s premier power sector... 

Power generation posited as mutually beneficial solution

13th July 2018 Municipalities have a lot to gain from small scale, localised power generation in future, but any power generation plans must be approached in a long-term strategic manner involving multiple departments. Speaking ahead of POWER-GEN & DistribuTECH Africa 2018, power sector experts said... 

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