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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... 

AfriTin completes geological mapping at Namibian tin project

By: Simone Liedtke     16th March 2018 Aim-listed tin miner AfriTin Mining has undertaken and completed detailed geological mapping over the V1 and V2 pegmatite bodies at its flagship asset Uis tin mine, in Namibia. The V1 and V2 bodies were previously identified as priority targets for ore to supply the new, intermediary plant, based... 

Namibian PV solar plant to start operating in September

By: Marleny Arnoldi     16th March 2018 Solar developer Alten Africa has achieved financial closure of what will be the biggest photovoltaic (PV) solar power plant in Namibia and one of the biggest in sub-Saharan Africa.  

Sarens siba

16th March 2018 It is the mission of heavy-lifting and engineered transport specialist Sarens to be the reference in crane rental services, heavy lifting and engineered transport. Understanding the need for change and transformation in the South African market, as well as the need to incorporate previously... 

Kazungula Bridge set to open corridor between Zambia, Botswana

By: African News Agency      14th March 2018 The Kazungula Bridge project is set to open up the transport corridor between Zambia and Botswana, a move which will see Zimbabwe lose out on transit revenue. The project is being carried out with partial financial assistance from the African Development Bank (AfDB). The primary objective of the... 

Trevali's African assets shine as strong Q4 marks year in the black

By: Henry Lazenby     14th March 2018 Zinc producer Trevali Mining's fourth-quarter performance has sealed a positive year for shareholders, rewarding them with profit as the company's expansion into Africa pays off. The Vancouver-headquartered company reported net income of $25.2-million, or $0.03 a share, up 260% from $7-million,... 

Groupe PSA to assemble Peugeot, Opel vehicles in Namibia

By: Irma Venter     13th March 2018 Groupe PSA has signed an agreement with the Namibia Development Corporation (NDC) to assemble Peugeot and Opel vehicles in Walvis Bay. Groupe PSA is a French multinational manufacturer of automobiles and motorcycles sold under the Peugeot, Citroën, DS, Opel and Vauxhall brands. 

Vedanta dividend payout hits record

By: Megan van Wyngaardt     13th March 2018 LSE-listed Vedanta Resources’ subsidiary Vedanta Limited on Tuesday declared a record interim equity dividend of $1.2-billion. Vedanta Resources would receive $600-million of this dividend, the company said, sending its shares in London up 2.6% to £7.82 a share. 

InServe companies come to the aid of the wild horses of Namibia

13th March 2018 The plight of wild horses in drought-stricken Namibia has resulted in three Industrial Services Holdings (InServe) companies stepping up to the plate to assist in delivering 112 teff bales for the Namibia Wild Horses Foundation. According to the Foundation, the wild horses have been in the region... 

2018 brings renewed optimism for South African stainless steel industry

By: Simone Liedtke     12th March 2018 This year may break the downward trend of reduced consumption in the South African stainless steel industry, says South African Stainless Steel Development Association (Sassda) director John Tarboton. He notes that stainless steel consumption dropped by about 5.6% in 2017, and that the industry... 

Poultry association says concerned about imported chicken paste

By: African News Agency      9th March 2018 South Africa's poultry producers association said on Friday it was concerned that the country was accepting imports of untested mechanically deboned meat (MDM) into the country even as its neighbours blocked its own processed meat products over a listeriosis outbreak. The association said reports... 

Fund invests in Africa-focused renewables IPP 

By: Dylan Slater     9th March 2018 Clean energy infrastructure and resource efficiency investment company Inspired Evolution has signed a deal to invest up to $36-million in independent power producer (IPP) Alten Renewable Energy Developments Africa, which is the sub-Saharan Africa-focused subsidiary of Netherlands-based solar... 

Tanga starts drilling for zinc in Namibia

By: Anine Kilian     7th March 2018 ASX-listed Tanga Resources, which is exploring for gold in Tanzania, has now also started a search for zinc in Namibia, with the company announcing the start of drilling at its recently acquired Joumbira project. A diamond drilling programme is planned for four holes, totalling about 600 m,... 

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

Celsius aims to bring Namibia's first cobalt mine to production by 2020

By: Reuters     5th March 2018 Australia's Celsius Resources, which has made Namibia's first cobalt discovery, is aiming to start production from the remote mine in 2020, the company's managing director said. Cobalt is a key component in rechargeable lithium-ion batteries used in the surging electric car market but most of it... 

A proposal to the President – A six-point plan

2nd March 2018 South Africa’s minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting and new local and foreign investment, these resources will not be developed for... 

Water preservation and treatment industry expected to grow

By: Simone Liedtke     2nd March 2018 Water preservation and treatment industries - from harvesting rainwater to the recycling of grey water and purification to potable water, as well as desalinating sea water - will vastly grow in importance globally, says Johannesburg-based valve manufacturer and supplier AVK Holding Southern... 

LOVEMORE BROS

2nd March 2018 Established in 1989 by brothers Rob and Bruce Lovemore, Lovemore Bros has become one of South Africa’s premier machine moving and rigging companies, with branches in Johannesburg, Gauteng, and Durban and Richards Bay, in KwaZulu-Natal. A family business built on a legacy of performance excellence... 

Trade agreement with the EU a boost for Western Cape exports

By: Kim Cloete     1st March 2018 The Economic Partnership Agreement (EPA) between the European Union and six countries in Southern Africa has been a boost for the Western Cape, with strong gains for the wine and fishing industries since it came into effect in October 2016.  The EPA between the EU and the Southern African Customs... 

Bosch completes Hytec takeover, strengthens African operations

By: Schalk Burger     1st March 2018 Industrial technology and equipment multinational Bosch has acquired the remaining 50% stake in Johannesburg-based industrial technology company Hytec. The company had acquired 50% of the Hytec shares in 2014. 

Big growth plans for 15-year strong company

1st March 2018 From humble beginnings in the opencast coal mines of Witbank, in Mpumalanga, fluid handling solutions provider Industrial Fluid Solutions (IFS) now boasts distribution across South Africa, through a network of resellers.  Focused on servicing the mining sector, IFS intends to build its presence... 

Paladin posts loss as sales revenue falls as output costs rise

By: Mariaan Webb     28th February 2018 Uranium producer Paladin Energy posted a net loss for the six months ended December 2017, as sales revenue fell on higher production costs and lower uranium prices. The company, which has been processing stockpiles since physical mining ceased at its Langer Heinrich mine, in Namibia, produced... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Passenger traffic at South African airports holds steady in Q4

By: Anine Kilian     26th February 2018 Growth in passenger numbers at South Africa’s nine airports held steady at just over 3% in the fourth quarter of 2017, with nearly 11-million arriving and departing passengers using South Africa's main airports during the quarter. This is according to the Airports Company South Africa’s (ACSA’s)... 

Bidvest appoints new CFO, H1 headline earnings increase 13.4% y/y

By: Simone Liedtke     26th February 2018 Despite continued economic headwinds, South African services, trading and distribution company Bidvest achieved a 13.4% year-on-year increase in headline earnings for the six months ended December 31, to R1.9-billion, while headline earnings a share increased by 12.5% year-on-year to 574c.... 

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