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De Beers reports rise in Q1 output

By: Rebecca Campbell     24th April 2018 Diamond group De Beers reported on Tuesday that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater... 

Ramaphosa arrives in Luanda ahead of the SADC Double Troika Summit

By: African News Agency      24th April 2018 South Africa President Cyril Ramaphosa arrived in Luanda, Angola, on Tuesday morning for the Extraordinary Summit of the Southern African Development Community (SADC) Double Troika which will consider the political and security environment in the SADC region, particularly the kingdom of Lesotho... 

Namibia solar photovoltaic solar power plant, Namibia

By: Sheila Barradas     20th April 2018 ALTEN Hardap plans to build the biggest solar photovolaic plant in Namibia.  

UK, SA Trade Ministers hold talks in London

By: Rebecca Campbell     18th April 2018 South African Trade and Industry Minister Dr Rob Davies met with his British counterpart, International Trade Secretary Dr Liam Fox, on Tuesday on the margins of the Commonwealth Heads of Government Meeting in London, to discuss the bilateral trade relationship. They both expressed pleasure at... 

Pick N Pay And Unitrans Extend Their Solid Partnership For 10 Years

17th April 2018 Unitrans Supply Chain Solutions has secured a 10 year contract extension from Pick n Pay to provide the transportation services at the retailer’s Longmeadow Distribution Centre in Gauteng. Unitrans is a diversified supply chain company that has been serving the needs of select Sub-Saharan African... 

Grit buys Mozambique property from Tradehold

By: Anine Kilian     13th April 2018 JSE-listed Grit Real Estate and Tradehold on Friday announced a $23-million Mozambique property transaction in which Grit would buy an A-grade corporate residential complex, known as Acacia Estate, in Maputo, from Tradehold. Grit has signed an agreement with Tradehold Africa, TC Maputo, Cognis 1... 

Cazaly proceeds with Kaoko buy

By: Esmarie Iannucci     13th April 2018 Metals developer Cazaly Resources on Friday confirmed that it would proceed with the acquisition of the Kaoko cobalt project, in northern Namibia. The ASX-listed company in March announced an option over the project. A due diligence has now confirmed the potential of the project, with Cazaly... 

Trevali Q1 output a mixed bag but in line with expectations

By: Henry Lazenby     13th April 2018 Zinc-focused miner Trevali Mining has reported first-quarter production that was generally in line with expectations as previous guidance had indicated a light quarter relative to the rest of the year, owing to the impact of seasonal winter conditions on Caribou’s zinc recoveries, in New... 

Regional workshop in support of fight against wildlife crime in Southern Africa

By: Rebecca Campbell     13th April 2018 The illegal trade in wildlife has become a major form of transnational organised crime that is damaging economies, undermining public safety and good governance in many regions around the world. And Southern Africa is no exception. “Criminals involved in wildlife crime are not involved only in... 

New Zimbabwe luxury boutique hotel to welcome guests from early 2019

By: Simone Liedtke     12th April 2018 Victoria Falls, in Zimbabwe, will soon boast a new luxury boutique hotel catering for a variety of guests to the region’s famous world heritage site. From early 2019, the new 199 all-suite Mbano Manor Hotel will offer a unique and nature-based travel experience for the global, high-end tourist,... 

Namibia scraps plan to force white-owned businesses to sell 25% stake to blacks

By: Reuters     12th April 2018 Namibia has scrapped a clause in its economic empowerment framework that would have forced white businesses to sell a 25% stake to previously disadvantaged blacks, President Hage Geingob said on Wednesday. Making the announcement during his state of the nation address, Geingob said a revised... 

Vedanta’s Gamsberg mine remains on track

By: Simone Liedtke     11th April 2018 LSE-listed Vedanta Resources’ Zinc International business produced 157 000 t of zinc in the financial year ended March 31, in line with the 156 000 t produced in the prior financial year. The BMM operation, in South Africa, increased its mined zinc output by 3% year-on-year to 72 000 t, but the... 

Bannerman eyes more cost savings at Etango

By: Esmarie Iannucci     11th April 2018 Uranium developer Bannerman Resources has flagged "substantial" reagent/operating cost reductions at its uranium mine, in Namibia, following a membrane study. The study has also identified capital savings, the final quantum of which will be confirmed during the definitive feasibility study... 

Mathe Group expands tyre recycling facility, despite Redisa demise

By: Irma Venter     9th April 2018 The Mathe Group’s Hammarsdale plant, in KwaZulu-Natal, has quadrupled employment and more than doubled output since coming on stream in 2016, says the tyre recycler. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in the Mathe Group,... 

Aftan progresses plant upgrades at Namibia mine

By: Marleny Arnoldi     9th April 2018 African Tantalum (Aftan), in which Aim-listed investment company Kazera Global holds an interest, has started the tendering process for the laying of pipework for the newly approved Orange River water project at its Namibia Tantalise Investment mine.  

AfriTin, Swiss firm mull establishment of artisanal tin buying operation

By: Simone Liedtke     9th April 2018 Aim-listed AfriTin Mining has signed a nonbinding memorandum of understanding (MoU) with Swiss precious metals distributor MRI Trading regarding the establishment of an artisanal buying operation for tin concentrate in Namibia. AfriTin intends to explore, with MRI, the possibility of sourcing... 

Nigeria: Africa’s prime power development hotspot

9th April 2018 Nigeria offers a wealth of power sector business opportunities, with industrialists actively seeking generation and distribution solutions to power their business growth. Paul Runge, Director Projects & Development Finance at research and consulting specialists Africa House, reports that his... 

On-The-Air (06/04/2018) 

By: Martin Creamer     6th April 2018 South Africans will next month begin building a new tin mine in neighbouring Namibia. The sleepy Northern Cape town of Prieska is being revived by major new investment in its expansive but dormant zinc and copper resources. Strong interest is being shown a six-point plan that two independent... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

Sustainable strategy engenders results

By: Tasneem Bulbulia     6th April 2018 Consulting firm Knight Piésold’s sustainable, quality process ethos across the board, from executing projects to implementing transformation, has enabled the company to maintain its competitive advantage amid a currently turbulent consulting engineering industry. Knight Piésold CEO Vishal... 

Company and distribution partner provide largest range of tools in S. Africa

By: Victor Moolman     6th April 2018 Owing to its well-established relationship with its loyal distribution partners and distribution network in Southern Africa, a large range of about 5 200 individual line items of hand tools from professional tools manufacturer Jonnesway are being used in Southern Africa, says Carel Venter, the... 

Consol to relist on JSE; Ethiopia factory set for Q4 commissioning

By: Simone Liedtke     5th April 2018 South African glass packaging manufacturer Consol plans to relist on the main board of the JSE. It was listed on the JSE until 2007, when it was taken private by a consortium of private equity investors, led by Brait Private Equity and which included Old Mutual Private Equity, Sanlam Private... 

Nigeria: Africa’s prime power development hotspot

5th April 2018 Nigeria offers a wealth of power sector business opportunities, with industrialists actively seeking generation and distribution solutions to power their business growth. Paul Runge, Director Projects & Development Finance at research and consulting specialists Africa House, reports that his... 

AfriTin completes Uis tin mine design, earthworks to start in May

By: Marleny Arnoldi     4th April 2018 Bushveld Minerals' tin-focused subsidiary AfriTin Mining has completed the detailed mine design at its flagship asset Uis tin mine, in Namibia.  

Winnie Madikizela-Mandela dies age 81

By: African News Agency      2nd April 2018 Winnie Madikizela-Mandela, aged 81, has died on Monday, a Mandela family spokesperson confirmed. The South African politician and anti-apartheid activist died on Monday, at the Netcare Milpark Hospital, Johannesburg, after a long illness, for which she had been in and out of hospital since the... 

Listeria class action filed against South Africa's Tiger Brands

By: Reuters     29th March 2018 A class action lawsuit was filed on Thursday against South Africa's Tiger Brands, after one of its food factories was linked to a listeria outbreak that has killed 180 people since early 2017, the lawyer running the case said. Richard Spoor, a human rights advocate who previously masterminded a... 

Aftan secures clearance to abstract water from Orange river

By: Marleny Arnoldi     28th March 2018 The Environmental Commissioner of Namibia has issued a clearance certificate to allow for the abstraction of water from the Orange river for African Tantalum’s (Aftan’s) Namibia Tantalite Investment (NTI) mine.  

Basil Read outlines turnaround plan as auditor issues going-concern warning

By: Irma Venter     28th March 2018 Basil Read remains a viable business, despite the group’s auditors noting their apprehension regarding the company’s ability to continue as a going concern, says CEO Khathutshelo Mapasa, who took over the reins at the company in October. PricewaterhouseCoopers noted in Basil Read’s annual results... 

Regional wildlife crime workshop highlights threat, promotes cooperation

By: Rebecca Campbell     27th March 2018 The illegal trade in wildlife has become a major form of transnational organised crime that is damaging economies, undermining public safety and good governance in many regions around the world. And Southern Africa is no exception. “Criminals involved in wildlife crime are not involved only in... 

Africa needs private investment to meet energy needs – Radebe

By: Simone Liedtke     27th March 2018 The cost of meeting sub-Saharan Africa’s power demand has been estimated at about $14-billion a year and cannot be met by public funding alone. Although public utilities have historically been the major sources of funding for new power generation capacity, South African Energy Minister Jeff... 

Nigeria to consult before deciding on African trade zone

By: Reuters     27th March 2018 Nigeria decided not join an Africa free trade zone last week because it needs to carry out more consultations at home first, the government said on Tuesday. Other leaders agreed to form a zone encompassing 1.2-billion people, but 11 countries including the continent's biggest economy, Nigeria,... 

Stabila sets the standard for measuring tools in the construction sector

23rd March 2018 Stabila measuring tools are well-known in the global construction industry for their precision, long life, and high quality. These premium German products are distributed locally by Upat SA (Pty) Ltd. Upat National Product Specialist Charl Weber comments that construction industry professionals... 

Tyrexpo Africa 2018: Africa’s gateway to the continent’s Tyre Community coming in April 2018

23rd March 2018 Over 2,500 international, regional and local tyre manufacturers, OEMs, distributors, dealers, retailers fleet operators and garage owners will convene at Tyrexpo Africa (co-located with GarageXpoAfrica), to be held at the Gallagher Convention Centre Hall 2, Johannesburg on 10 – 12 April 2018 The... 

No visible horizon

By: Martin Zhuwakinyu     23rd March 2018 The title of this column is that of a book written by Joshua Cooper Ramo, which is about flying aerobatics. As you read on, you will find that aerobatics have little to do with this column. But I like the phrase 'no visible horizon', since, I think, it accurately represents the electronic future... 

Signs of industry recovery at bauma CONEXPO AFRICA amidst regional economic challenges

By: Creamer Media Reporter      21st March 2018 The premier trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa has firmly established itself in the market following its third edition. 454 exhibitors from 34 countries and 14,167 visitors attended the international trade fair,... 

Growthpoint sees Gauteng East Rand as hotspot for industrial properties

By: Simone Liedtke     20th March 2018 Growthpoint sees Gauteng East Rand as hotspot for industrial properties Gauteng’s East Rand was a hotspot for industrial property leasing in 2017, says Growthpoint Properties, which concluded 70 deals – 40 new and 30 renewals – in the area during the year. 

Weatherly narrows interim loss

By: Simone Liedtke     19th March 2018 With a continuing upward trend in the copper price in 2017, Namibia-focussed Weatherly International narrowed its loss for the six months to December 31 to $5.9-million, compared with a loss of $11.2-million in the six months to December 2016. Revenue after royalties for the six-month period as... 

Aucor commemorates its 50 years in business

19th March 2018 From humble beginnings in 1968, Aucor has grown into one of the most successful and experienced auction houses in southern Africa and the company is proudly celebrating its 50th birthday in 2018.   “This is an exciting time for Aucor to be celebrating its success and achievements over the past 50... 

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