R/€ = 15.24 Change: -15.08
R/$ = 13.08 Change: -12.95
Au 1249.89 $/oz Change: -1.33
Pt 927.00 $/oz Change: -3.00


UP researchers join fight against avian flu

By: Natasha Odendaal     25th July 2017 With four South African farms having been hit by the current bird flu outbreak, University of Pretoria (UP) researchers have joined the poultry industry and the Department of Agriculture, Forestry and Fisheries (DAFF) to contain the highly pathogenic avian influenza, or H5N8 variant of bird flu.... 

Trevali on target with African asset acquisitions as zinc output rises

By: Henry Lazenby     25th July 2017 Trevali Mining's addition of two new African mines paid off in the zinc producer's pro-forma second-quarter results, which showed that 63% of the company's zinc-equivalent payable pounds were contributed from Rosh Pinah (Namibia) and Perkoa (Burkina Faso). Trevali is acquiring both assets from... 

Embattled Paladin secures new financing facility

By: Esmarie Swanepoel     24th July 2017 The administrators of embattled uranium miner Paladin Energy have secured some $40-million of additional debt, announcing on Monday that they had entered into agreements with Deutsche Bank. Under the agreements, Deutsche Bank would acquire an existing $20-million revolving credit facility from... 

Paladin teeters on the brink of receivership

By: Henry Lazenby     21st July 2017 Australian uranium player Paladin Energy is on the brink of receivership as its debts outweigh potential revenues. The ASX-listed miner, which will be stripped of its TSX listing on August 10, for failure to meet the exchange’s ongoing listing requirements, said on Friday that it had received an... 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

UK reassures SACU about future trade relations

By: Keith Campbell     20th July 2017 The Southern African Customs Union (SACU) has welcomed the UK’s intention of preventing disruption of trade relations with other countries as it leaves the European Union (EU). This was affirmed in a Joint Statement issued by SACU and the UK following discussions between Trade Ministers from the... 

Mercedes-Benz seeks ‘fair share’ of growing bakkie market with new X-Class 

By: Irma Venter     20th July 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

Self-Generated Power Needs Special Focus On Efficiency

     20th July 2017 Remote projects that are far from national power grids will tend to pay a premium for generating their own energy; so they need to plan carefully to use it as efficiently as they can. This is the advice of Zest WEG Group CEO Louis Meiring, who emphasises the opportunities presented by modern... 

Russian nuclear giant in MoU with Africa’s young nuclear professionals

     19th July 2017 Russian energy group Rosatom today signed a Memorandum of Understanding on support and cooperation with the African Young Generation in Nuclear organisation, at the POWER-GEN & DistribuTECH Africa conference and exhibition in Sandton. Rosatom, participating in a one-day Nuclear Forum at POWER-GEN... 

Process Pipes

By: Zandile Mavuso     18th July 2017 With 47 years’ expertise in the pipes industry, wholesale carbon and mild steel pipes, fittings and flanges wholesaler Process Pipe has established a national footprint in South Africa, with branches in Gauteng (Alrode), KwaZulu-Natal (Jacobs) and two branches in the Western Cape (Belville and... 

Eskom refutes cash-crunch reports

By: Reuters     17th July 2017 South African power producer Eskom is not facing liquidity challenges, the utility said on Sunday, after media reports alleging it would be unable to pay salaries by November. Eskom, which produces nearly all of the electricity in Africa's most industrialised economy and exports energy to... 

Local GBCSA member appointed chair of regional network

By: Anine Kilian     13th July 2017 Green Building Council South Africa (GBCSA) sector managing executive Thulani Kuzwayo has been appointed regional chair of the Africa Regional Network – a group of green building councils working to advance green building within the region. The World Green Building Council’s (WorldGBC’s) Africa... 

India to bid for natural gas blocks in Lebanon

By: Ajoy K Das     11th July 2017 ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon. In a statement issued late on Monday, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said the proposal of an... 

Ghana, South Africa celebrate first success of African network of telescopes

By: Anine Kilian     4th July 2017 The Ministries of Ghana and South Africa have announced the combination of 'first light' science observations, confirming the successful conversion of a Ghana communications antenna from a redundant telecommunications instrument into a functioning Very Long Baseline Interferometry (VLBI) radio... 

Administrators take over at embattled miner Paladin

By: Esmarie Swanepoel     4th July 2017 Embattled uranium miner Paladin Energy has called in administrators after failing to secure a standstill agreement with France’s Electricite de France SA (EDF). Paladin was due to make repayments of a $227-million debt to EDF on July 10. 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Namibia to establish mining and marine institutes at the coast

By: African News Agency      3rd July 2017 The University of Namibia (UNam) plans to establish marine engineering and mining training institutions at the coast. The School of Marine Engineering and Maritime Studies will be established in Henties Bay where an eight hectare piece of land was donated by the municipality. 

Paladin has only days to repay EDF debt

By: Esmarie Swanepoel     3rd July 2017 France’s Electricite de France SA (EDF) is pushing embattled uranium miner Paladin Energy for the repayment of $227-million in debt, which is due on July 10. Paladin previously attempted to negotiate a standstill agreement with EDF under the long-term supply agreement inked in 2012, but a... 

Weatherly will still meet FY guidance despite production slowdown

By: Megan van Wyngaardt     30th June 2017 Aim-listed copper mining company Weatherly International has accelerated mining and stacking rates at its Tschudi mine, in Namibia, to compensate for the 24% fall in production rates in April, owing to slower leach rates. Production rates have already improved in May and June, with the company... 

South Africa records trade surplus of R9.5bn for May – Sars

By: African News Agency      30th June 2017 South Africa registered a trade balance surplus of R9.5-billion for May this year, according to trade statistics released by the South African Revenue Service (Sars) on Friday. The stats, which include trade information with Botswana, Lesotho, Namibia and Swaziland, shows a year-to-date... 

Catalytic converters still dominate SA’s auto components export mix

By: Irma Venter     30th June 2017 Component exports from South Africa in 2016 were again dominated by catalytic converters. Data published in the Automotive Export Manual 2017 shows that catalytic converter exports made up 41.3% of all component exports from South Africa, by value, earning R21.9-billion, up from last year’s... 

Automotive sector remains relevant in volatile market

By: Natasha Odendaal     29th June 2017 While South Africa works its way through the impact of the latest economic headwinds, the automotive sector is holding its own in a volatile market, Econometrix director and chief economist Dr Azar Jammine said on Wednesday. Despite an expected contraction in domestic vehicle production and sales... 

South African culls 260 000 birds so far to contain bird flu outbreak – Zokwana

By: Reuters     29th June 2017 South Africa has culled 260 000 birds so far to contain an H5N8 bird flu outbreak, Agriculture Minister Senzeni Zokwana told a news briefing on Thursday. South Africa has confirmed outbreaks of avian flu, which is often transmitted by wild birds, on at least two farms. Zimbabwe, Namibia and... 

South Africa's neighbours ban poultry imports after bird flu outbreak

By: Reuters     27th June 2017 Zimbabwe, Namibia and Botswana on Tuesday suspended poultry imports from South Africa with immediate effect following outbreaks of highly contagious H5N8 bird flu. South Africa has confirmed outbreaks of avian flu, which is often transmitted by wild birds, on at least two farms. South Africa and... 

Omnia FY17 results pinched by tough economy

By: Megan van Wyngaardt     27th June 2017 Chemicals producer Omnia on Tuesday reported a drop in headline earnings a share to 881c for the year ended March 31, from 944c in the prior financial year, owing to a tough economic environment. This resulted in an 8% drop in its profit before tax, to R856-million. 

Blue Label to acquire mobile device distributor in R1.9bn deal

By: Megan van Wyngaardt     27th June 2017 Local telecommunications firm Blue Label will, through its The Prepaid Company subsidiary, acquire mobile device distributor 3G Mobile for R1.9-billion. The shares in 3G Mobile will be acquired in two stages, with the initial acquisition of 47.37% of the issued share capital for R900-million,... 

Omnia profit drops against tough economic backdrop

By: Reuters     27th June 2017 South African diversified chemicals maker Omnia Holdings' full-year profit dropped 7% as a tough economic environment hit its mining and chemicals divisions, the company said on Tuesday. Headline earnings per share (EPS), the main profit measure in South Africa that strips out certain one-off... 

South Africa To Maximise Opportunities In Sub-Saharan Africa To Further Re-Industrialisation

     23rd June 2017 South Africa’s re-industrialisation is inevitable, but crucial to this process will be investment led trade and regional integration with the country’s neighbours. With relative ease of access to Sub-Saharan Africa and an understanding of the region, South African manufacturers can get ahead of... 

High Commissioner ‘seized’ with avoiding post-Brexit trade interruption with South Africa

By: Terence Creamer     23rd June 2017 British High Commissioner to South Africa Nigel Casey says he is currently “very seized” with ensuring that measures are put in place “timeously” to guarantee no interruption in the trade relationship between the UK and South Africa when Britain leaves the European Union (EU) on March 29, 2019.... 

Company to expand its fastener market share

By: Robyn Wilkinson     23rd June 2017 Industrial equipment supplier Rutherford’s fastener division FTS Fasteners and Fixings is working steadily to expose its customers to its new product range and aims to increase its South African fastener market share by increasing the product range, improved stockholdings as well as through... 

Haval outlines SA operating model after GWM takeover

By: Irma Venter     23rd June 2017 Haval Motors South Africa (Haval SA) has launched its first new vehicle in the local market since the company took over from Great Wall Motors South Africa (GWM SA). The H2 sports-utility vehicle (SUV) is set to compete with the Ford EcoSport and the Mazda CX3. 

Ecsponent Development Fund improving BEE procurement in the Mining Sector

     21st June 2017 JSE-listed African financial services company, Ecsponent Limited, says that its unique Ecsponent Development Fund (EDF) provides large corporate business with an effective way of managing preferential procurement and improving reliable delivery whilst ensuring true social upliftment and skills... 

Newly developed chemical on trial in S Africa and Zim

By: Marleny Arnoldi     16th June 2017 Chemcol, the latest product in research and development (R&D) from chemicals supplier ChemQuest, is currently on plant trials and laboratory evaluations at three platinum mines in South Africa and Zimbabwe concurrently.  

South Africans more conscious of greener ways of living

By: Simone Liedtke     16th June 2017 With South Africans being more aware of greener ways of living, multidisciplinary engineering consultancy WSP regional director and sustainability consultant Alison Groves says this has led to green building becoming integral in the design and construction of buildings. 

Bushveld Minerals completes buyout of stake in Namibia tin project

By: Megan van Wyngaardt     15th June 2017 Aim-listed Bushveld Minerals has completed the acquisition of 49.5% interest in Dawnmin Africa Investments through its Greenhills Resources subsidiary. The miner bought the stake from a consortium of Namibian shareholders through the issue of 41-million ordinary shares at 1p apiece. 

Fishing Line Recovery Programme expands thanks to DPI Plastics

     15th June 2017 DPI Plastics’ involvement with the Fishing Line Recovery Programme, aimed at preserving South Africa’s marine heritage, has seen the initiative extend to 360 bins along the coast. The bins are proudly branded with the DPI Plastics logo, helping entrench the company as the main custodian of the... 

Africa’s rail development key to growth in intra-Africa trade

By: Natasha Odendaal     14th June 2017 A lack of efficient rail infrastructure and a rail “disconnect” were inhibiting dealings within the continent and contributing to struggling intra-African trade growth, Common Market for Eastern and Southern Africa-Alliance for Commodity Trade in East and Southern Africa trade and market director... 

Paladin has 30 days to repay $277m in debt

By: Esmarie Swanepoel     13th June 2017 Uranium miner Paladin has to repay $277-million in debt within the next 30 days, after the company failed to provide sufficient security to offtake partner Électricité de France (EDF) under a long-term supply contract (LTSC) Paladin previously proposed additional security for the LTSC, signed in... 

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