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Global gold demand growing across market segments, held back by US ETF outflows

By: Marleny Arnoldi     1st November 2018 World Gold Council (WGC) member and market relations head John Mulligan says the third quarter was a strong one for the global gold industry. Although demand increased by only 1%, or 6 t, compared with the third quarter 2017, the 964 t of gold demand recorded in the third quarter was underpinned... 

Denel reports R1.7bn operating loss for 2017/18, turnaround progressing 

By: Marleny Arnoldi     31st October 2018 State-owned defence industrial group Denel on Wednesday, with the release of its yearly results, stated that its operating loss of R1.7-billion for the 2017/18 financial year clearly shows a business that has had a difficult year, marked by lapses in governance, mismanagement and poor contract... 

Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

Merkel looks to Africa to cement a legacy shaped by migration 

By: Reuters     30th October 2018 German Chancellor Angela Merkel hosted African leaders on Tuesday, pledging a new development fund to tackle underdevelopment on the continent that has helped to spur mass migration, shaping the later years of her long premiership. Merkel announced on Monday she would retire from politics by... 

Famous Brands posts H1 organic growth, despite pressure on some business segments 

By: Marleny Arnoldi     29th October 2018 JSE-listed franchiser Famous Brands on Monday reported strong organic growth by its brands in the South Africa and Africa and Middle East (AME) regions during the six months to August 31. Operating profit for the first half of the financial year was up 3.9%, at R421.8-million, compared with... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

More data to train machines set to change business functions

By: Schalk Burger     26th October 2018 Machine learning, underpinned by massive volumes of data, and the cognitive systems they enable will be key to business in the future, says data management company CommVault Europe, Middle East and Africa senior marketing director Nigel Williams. Whether it is computational fluid dynamics or... 

BTT starts construction on Richards Bay LPG storage facility  

By: Tasneem Bulbulia     25th October 2018 Bulk liquid storage operator Bidvest Tank Terminals (BTT) on Thursday celebrated the start of construction on its R1-billion mounded liquified petroleum gas (LPG) storage facility in Richards Bay. The facility is set to house the largest tanks in the world once completed and is anticipated to... 

Starbucks Evolves Structure in EMEA to Accelerate Long-Term Strategic Growth

22nd October 2018 Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support... 

Five Reasons Why South Africans Are Applying for Citizenship-by-Investment

By: Creamer Media Reporter      19th October 2018 Citizenship-by-Investment is on the rise globally with over 2.4bn USD spent each year derived mostly from China, the Middle East, and Russia, with South Africa not far behind.   Next Generation Equity (NGE), global specialists in second citizenships and residency options, says South Africa is... 

African Chemicals Imbizo registers impressive growth

By: Natasha Odendaal     19th October 2018 The fourth African Chemicals Imbizo, to be held in Durban from October 24 to 25, is expected to be the largest one in its four-year history. Starting as a modest concept of meetings between members of the Durban Chemicals Cluster (DCC) – a public-private partnership between eThekwini municipality... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

AECOM promotes two key leaders in its African operations

By: Creamer Media Reporter      12th October 2018 Integrated infrastructure delivery company AECOM is excited to celebrate the promotion of two key leaders in its African operations. Joe Ndala has been appointed as Managing Director of the South African business.  In addition to Ndala’s current role as the Chief Financial Officer for the Africa... 

Lesotho Metolong dam achieves full capacity

12th October 2018 The new $100-million Metolong dam in Lesotho has achieved a significant project success this year, with the dam spilling for the first time since its completion in 2016. Spilling occurs when the dam is at full capacity, and the dam’s spillway – meant to direct excess water downstream during flood... 

Ford produces first trial Ranger Raptors in SA, invests another R160m

By: Irma Venter     10th October 2018 The Ford Motor Company of Southern Africa has produced its first batch of trial Ranger Raptor bakkies at its Silverton assembly plant, in Pretoria. In preparation for full-scale production of the new model, the plant assembled its first ten official Ranger Raptor units as part of the tooling... 

Petrochemicals becoming largest driver of global oil demand – IEA

By: Simone Liedtke     5th October 2018 Petrochemicals are becoming the largest drivers of global oil demand, ahead of cars, planes and trucks, a study undertaken by the International Energy Agency (IEA) has revealed. Petrochemicals, which are components derived from oil and gas that are used in all sorts of daily products such as... 

Saab suggests capability upgrade for SAAF Gripens

By: Rebecca Campbell     5th October 2018 Swedish aerospace and defence group Saab has proposed to the South African Air Force (SAAF) than it adopt the latest incremental update developed for the JAS39C and JAS39D Gripen fighter. The update is designated MS 20. "The Gripen was developed with the concept of continuous upgrades – small... 

Air traffic control being transformed by digital technologies

By: Rebecca Campbell     5th October 2018 The dramatic advances in information and communications technology, electro-optical technologies and digitalisation have enabled a revolution to take place in terms of airport air (and ground) traffic control. This was highlighted in a briefing at the recent Africa Aerospace and Defence 2018... 

Coal reaching $100/t in Europe boosts greener alternatives

By: Bloomberg     4th October 2018 Coal’s push to $100/t in Europe may benefit the greenest energy providers more than it does for miners. Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival... 

40 Years of BEKA Schréder

By: Creamer Media Reporter      3rd October 2018 We at BEKA Schréder wish to convey our sincerest gratitude to our customers for their unwavering support as we celebrate our 40-year anniversary. BEKA Schréder has been supplying high-performing, energy-efficient and high quality lighting solutions since 1978. When our company was founded with... 

MTN mulls scrapping Nigeria IPO, seeks options as spat hurts

By: Bloomberg     2nd October 2018 MTN Group, the wireless carrier facing a combined $10-billion in claims from authorities in Nigeria, said it may no longer seek to raise capital through an initial public offering on the country’s stock exchange. Africa’s largest mobile carrier is reconsidering the IPO amid a dispute with... 

Multotec Builds High Recovery Water Treatment Plant In Middle East

2nd October 2018 After extensive test work and design, mineral processing specialist Multotec Group is commissioning a full‑scale DeSALx® plant to treat waste water from a flue gas desulphurisation scrubber, at a minerals processing plant in Oman in the Middle East. According to Carien Spagnuolo, senior process... 

Barrick's Bristow bet seen as boosting South America revival

By: Bloomberg     28th September 2018 Mark Bristow built a reputation as the developer and operator of lucrative mines in Africa. Now the world’s biggest gold mining company is betting he can do the same in another complex region, South America. The Randgold Resources founder is set to become CEO of Barrick Gold after Barrick said... 

Early technology adopters in retail are ahead of the game

By: Natasha Odendaal     28th September 2018 The winners and survivors in the retail industry over the next few years will be the frontrunner companies that adopt technology that provides a compelling, personal and frictionless experience to their customers. The South African retail industry has experienced significant changes and... 

Orange, MainOne team up in submarine cable expansion

By: Natasha Odendaal     28th September 2018 French telecommunications group Orange and connectivity and data centre services provider MainOne Cable have signed an agreement that will see Orange inject undisclosed major investments into the West African submarine cable system MainOne. Under the partnership, Orange will acquire additional... 

Cummins Filtration Africa Middle East produces best in class coolant and air filtration

26th September 2018 Cummins Filtration’s coolant and air filtration production plant in Woodmead, Johannesburg is the most modern in the Cummins Group globally. Apart from producing products of world-class quality, the facility also prides itself on its exemplary safety record since being established in 2015. The... 

Hyatt Hotels to more than double its Africa hotels by 2020

By: Reuters     26th September 2018 Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalise on improved travel links and robust economic growth that is boosting demand for rooms, the company's regional vice president said on Wednesday. Hyatt currently has nine hotels in Africa but lags far behind... 

Technical excellence places PERI on top form in construction industry

26th September 2018 One of the largest manufacturers and suppliers of formwork and scaffolding systems in the world, PERI’s key focus in South Africa is innovation and technical excellence to assist its customers in cutting construction costs. PERI South Africa’s value proposition of service and customer benefit... 

Visa regulation amendments to ease entry for business travellers, tourists

By: Tasneem Bulbulia     25th September 2018 The Department of Home Affairs (DHA) is pursuing new regulations to make it easier for business travellers, tourists and academia to enter South Africa, but South African minors leaving the country will still need consent from both parents when leaving the country. The announcement of the new... 

Ascendis launches new strategic focus, announces positive FY18 results 

By: Nadine James     25th September 2018 JSE-listed pharmaceutical company Ascendis Health on Tuesday announced a new strategic focus prioritising pharmaceutical and consumer healthcare. The company, which also reported on its results for the financial year ended June 30, plans to divest its biosciences businesses. 

South Africa to relax visa rules to boost investment, tourism 

By: Reuters     25th September 2018 South Africa will ease some immigration rules, including agreeing visa waiver agreements with more countries, in an effort to boost investment and tourism, Home Affairs Minister Malusi Gigaba said on Tuesday. The changes are part of a broader economic turnaround programme announced by President... 

Advisian quickly becoming an advisor of choice in transport and master planning

By: Creamer Media Reporter      25th September 2018 Transport infrastructure is a primary driver for expanding trade and sustainable development throughout the EMEA region. This is particularly the case in the SSA (sub-Saharan African) and MENA (Middle East and North Africa) regions, where the integration of transport infrastructure with new... 

Air traffic control undergoing a digital revolution

By: Rebecca Campbell     21st September 2018 The dramatic advances in information and communications technology, electro-optical technologies and digitalisation have enabled a revolution to take place in terms of airport air (and ground) traffic control. This was highlighted in a briefing at the Africa Aerospace and Defence 2018 exhibition... 

Saab suggests capability upgrade for SAAF Gripens

By: Rebecca Campbell     21st September 2018 Swedish aerospace and defence group Saab has proposed to the South African Air Force (SAAF) than it adopt the latest incremental update developed for the JAS39C and JAS39D Gripen fighter. The update is designated MS 20. "The Gripen was developed with the concept of continuous upgrades – small... 

Chinese petcoke buyers turning to Russia, Mideast after US tariffs

By: Reuters     21st September 2018 Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke,... 

Partnerships enable HighJump to bring new supply chain technology to Africa

By: Schalk Burger     21st September 2018 With the help of its partners, supply chain software company HighJump is bringing new logistics, freight and warehouse technologies into South Africa and Africa. These technologies include the use of voice commands, which will be important to interact with automated systems and robots that are a... 

Collaboration, innovation needed to drive localisation

By: Tasneem Bulbulia     19th September 2018 There is much opportunity in South Africa to expand local manufacturing and innovation, and this should be pursued through greater collaboration within the business community, delegates attending an industry collaboration workshop, hosted by DuPont in collaboration with the Department of Trade... 

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