R/€ = 14.20 Change: 0.00
R/$ = 11.57 Change: -0.02
Au 1328.95 $/oz Change: -0.15
Pt 997.00 $/oz Change: 1.20


Gemfields transparent, proactive in rebutting rights allegations

By: Martin Creamer     12th February 2018 Coloured gemstones company Gemfields has been transparently proactive in rebutting claims of human rights abuses in Mozambique, where it mines rubies. "We've voluntarily elected to issue this statement," Gemfields, headed by CEO Sean Gilbertson, commented in a release on Monday about UK-based law... 

AfDB boosts ALBC Fund books with R140m loan

By: Megan van Wyngaardt     5th February 2018 To further enhance the African Local Currency Bond Fund (ALCB Fund) portfolio and promote the development of domestic capital markets across the continent, the African Development Bank (AfDB) has approved a loan of R140-million. The senior loan, with a seven-year tenor including a two-year grace... 

New coal terminal planned for Beira could be a gateway to the east

By: Kim Cloete     2nd February 2018 A coal terminal planned for construction at Mozambique’s Beira port could be a gateway for imports and exports from the landlocked countries of Zimbabwe, Zambia, the Democratic Republic of Congo, Malawi and Botswana and could greatly boost coal exports to India. Essar Ports CEO Tej Nargundkar... 

Electric cars and niche metals lure cash back to African mines

By: Bloomberg     2nd February 2018 Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche... 

Paladin to return to ASX, most shares in hands of creditors

By: Mariaan Webb     2nd February 2018 Uranium miner Paladin Energy will apply for its securities to be reinstated to official quotation on the ASX, the Australia-based company said on Friday, announcing the completion of its restructuring and the appointment of two new directors. With the deed of company arrangement (DOCA) effected,... 

Crop munching pest in Africa raises hunger threat

By: Reuters     29th January 2018 A crop munching worm that can fly up to 100 km (60 miles) at night is spreading rapidly across Africa, threatening food production and the livelihoods of millions of farmers already struggling with conflicts and drought, experts said on Friday. The larvae form of fall armyworm prefers maize, but... 

Michael Higley

     26th January 2018 This week we feature Michael Higley, VP Operations at FedEx, a company that provides customers and businesses worldwide with a broad portfolio of transport, ecommerce and business services   

Money no panacea for education’s ills

By: Martin Zhuwakinyu     26th January 2018 The excitement around the results of last year’s matric exams has now died down. Indeed, the class of 2017 gave a very good account of themselves, with those who sat for the exams at private schools notching up a 98.76% pass rate and their public-school counterparts 75.1%. Hats off to them. One... 

Mkango shareholders approve Talaxis investment transaction

By: Megan van Wyngaardt     19th January 2018 Shareholders of Aim- and TSX-V-listed Mkango Resources have approved an investment transaction with Noble Group subsidiary Talaxis. In November, the company secured a direct investment from Talaxis, to be paid in three tranches, in exchange for a 49% interest in Mkango subsidiary Lancaster... 

AfDB to support Mozambique rail project with $300m

By: Megan van Wyngaardt     20th December 2017 The African Development Bank (AfDB) is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the $5-billion Nacala corridor rail and port project, supporting the project with $300-million from its private sector window. After years of financial... 

Mkango receives conditional TSX-V approval for Talaxis transaction

By: Mia Breytenbach     11th December 2017 The TSX-V has conditionally accepted dual-listed Mkango Resources’ transaction with Noble Group subsidiary Talaxis, which will invest £12-million to fund a bankable feasibility study (BFS) at Mkango’s Songwe Hill rare-earth project in Malawi. "We are very pleased to announce conditional... 

Khato Civils opens new head office in South Africa 

By: Anine Kilian     8th December 2017 South African construction and engineering company Khato Civils on Friday unveiled its official headquarters, located in Samrand, Gauteng. Speaking at the launch, Khato Civils chairperson Simbi Phiri noted that the company has expanded its operations to Botswana, Malawi, Zimbabwe, Ghana and... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Exports could ease Eskom’s debt pressure

By: Creamer Media Reporter      1st December 2017 By Jason Mann and Victoria Barr Recent reports have highlighted the many challenges facing State-owned electricity utility Eskom, including difficulties in continuing to service its debt. 

South Zambezi delivers Engineering services: for Africa by Africans 

By: Tracy Hancock     1st December 2017 South Zambezi corporate director Sikanyisiwe Phiri and Makoko Makgonye discuss its role in developing Africa 

Mkango granted Chimimbe prospecting licence

By: Natasha Odendaal     29th November 2017 Aim- and TSX-V-listed Mkango Resources has been granted an exclusive prospecting licence covering the 98.48 km Chimimbe Hill nickel/cobalt deposit in central Malawi. With magnetic anomalies in the licence area indicating exploration potential for additional nickel/cobalt mineralisation, Mkango... 

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

Mkango pockets £242 000 windfall on warrant exercise

By: Henry Lazenby     25th November 2017 TSX-V- and LSE Aim-listed Mkango Resources has reported that 3.86-million warrants have been exercised, booting its coffers by about £242 000. A total of 3.45-million warrants were exercised at a price of 6.6 pence apiece and a further 418 000 warrants were exercised at a price of 3.5 pence each. 

Mkango shares jump on Talaxis investments

By: Natasha Odendaal     16th November 2017 The share price of Mkango Resources on the LSE surged by up to 135% on Thursday afternoon after the company reported securing a £12-million direct investment that will enable the funding of a bankable feasibility study (BFS) for its Songwe Hill rare-earth project, in Malawi. The company’s shares... 

Solar Project Brings Relief to Malawi Health Facilities

     15th November 2017 As part of its ongoing commitment to developing the healthcare infrastructure in Malawi, the country’s Ministry of Health, through the Global Fund Project Implementation Unit (PIU), has embarked on a $3,7-million project to install solar energy at 85 health facilities nationwide. In an interview... 

Local bearings company experiences growth in food production sector

     10th November 2017 Local bearings distributor Bearings International (BI) has experienced rapid growth in the food production industry. The company says food production security is important, especially given how harsh and dynamic an environment the South African agricultural industry operates in at present.... 

Khato Holdings believes in investing in people as its “most valuable asset”

     9th November 2017 Emphasizing its staff, comprising more than 500 permanent employees, as its “most valuable asset, “Khato Holdings chairperson Simbi Phiri, states that, “we run the company holistically, therefore, there is no wastage of resources. I think we have the best people.” Khato Civils CEO Mongezi Mnyani... 

Khato Holdings is making great strides in Botswana and other SADC states 

     9th November 2017 Khato Civils has also established a country office in Botswana, where it has 60-million pula of equipment and has bought a 4 ha site on which to construct its head office in the country. Khato Civils CEO Mongezi Mnyani explains that the building plans are in the last stages of being approved by... 

Aon now trading as Minet

By: Anine Kilian     8th November 2017 Professional risk consultancy firm Aon has started trading as Minet, the company said in a statement on Wednesday. The company recently announced its decision to change the ownership structure of its operations across several sub-Saharan African countries. 

Global airline association predicts air passenger traffic to double by 2036

By: Keith Campbell     3rd November 2017 The International Air Transport Association (IATA) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on a average compound annual growth rate... 

Chinese truck brand aims to grow SA sales as it expands offering

By: Irma Venter     3rd November 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Steel company raises the bar in Africa with new technologies

By: Robyn Wilkinson     27th October 2017 Taking a long-term view that predicts significant growth in demand for stainless steel products in Africa in the next few years, steel supplier and processing company Allied Steelrode has invested in advanced processing technologies that will cement its position as a market-leader in product... 

Sovereign raises funds for Malawi work

By: Esmarie Swanepoel     25th October 2017 ASX-listed junior Sovereign Metals will raise A$6.5-million through a share placement to continue development work at the Malingunde flake graphite project, in Malawi. Sovereign on Wednesday told shareholders that it had secured commitments from institutional and sophisticated investors in... 

International airline body forecasts air passenger traffic to double by 2036

By: Keith Campbell     24th October 2017 The International Air Transport Association (Iata) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on an average compound annual growth rate... 

Pumps investment solidifies Mozambique sugar industry

By: Nica Schreuder     6th October 2017 South African pumps manufacturer and supplier Brehnor Pumps has commissioned two Ornel Floodlifter 1 200-mm-diameter pumps on the Xinavane sugar estate, in Mozambique, owned by agricultural and agroprocessing business company Tongaat Hulett. 

Powerstar to expand into smaller trucks through Foton partnership

By: Irma Venter     4th October 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

Sovereign signs rail MoU in Malawi

By: Esmarie Swanepoel     3rd October 2017 Junior Sovereign Metals has signed a memorandum of agreement (MoU) with an infrastructure consortium led by majors Vale and Mitsui, for rail freight, port access and port handling services for graphite product from the Malingunde project, in Malawi. Sovereign said on Tuesday that the MoU... 

AfDB approves $200m to IDC to support industrialisation projects in Africa

By: Anine Kilian     2nd October 2017 The African Development Bank Group (AfDB) has approved a private sector multicurrency line of credit of $100-million and R1.3-billion to South Africa’s Industrial Development Corporation (IDC). The operation will support industrialisation projects in South Africa and in other regional member... 


By: Zandile Mavuso     29th September 2017 Vertical safety systems company RopeCrew is a highly experienced and dynamic rope access company that offers industrial and offshore rope access services and work at height training. 

Cell C appoints a COO

By: Creamer Media Reporter      26th September 2017 Mobile operator Cell C on Tuesday announced the appointment of former Telekom Networks Malawi CEO Douglas Craigie Stevenson as its new COO effective September 26. Craigie Stevenson, who holds an MBA from the University of the Free State and a Bachelor of Accounting Science (Honours) from the... 

A resolute commitment to SHEQ keeps fuels and chemical deliveries in the safe lane

     19th September 2017 Renewed and expanded contracts in the fuel and chemicals sector Despite an extremely challenging economic climate, many South African companies are taking a longer-term outlook to business by only partnering reputable providers of specialist supply chain and transport logistics services. 

Afrox sees 22% increase in headline earnings  

By: Anine Kilian     8th September 2017 JSE-listed African Oxygen (Afrox) has reported a 22% rise in headline earnings a share to 93.3c, though this was at the lower end of the company’s recent guidance for the half-year ended June 30. Delivering the company’s financial results presentation in Johannesburg on Friday, CEO Schalk Venter... 

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