R/€ = 15.48 Change: 0.00
R/$ = 13.22 Change: 0.00
Au 1240.40 $/oz Change: -2.65
Pt 826.00 $/oz Change: -4.71


Manufacturing output tempers recession fears

By: Reuters     12th July 2018 South Africa's manufacturing output rose again in May after a disappointing first quarter as production of motor vehicles and durable consumer goods increased, offering hope the economy will avoid slipping into recession. The continent's most industrialised economy suffered its worst quarterly... 

WSP celebrates 1 million m2 of Certified Green Space in Africa

18th June 2018 WSP in Africa, one of the largest multi-disciplinary engineering consultancies on the continent, is celebrating a milestone million square meters (1 million m2) of Certified Green Space in Africa. WSP sustainability consultants and engineers have been hard at work for over a decade; setting... 

Multistakeholder initiative launched to address sustainable mine closure challenges

By: Nadine James     5th June 2018 Private and public sector entities officially launched a sustainable mine closure collaborative platform, called the Mine Water Coordinating Body (MWCB), at the Nedbank-New Partnership for Africa’s Development (Nepad) Business Foundation Networking Forum, hosted in Sandton, on Tuesday. The MWCB... 

'Hi, I'm Pepper' – first humanoid robot in South Africa gently introduces herself

By: News24Wire      5th June 2018 At your next hotel check-in, you might just be assisted by a robot. Well, perhaps not quite yet, but the first humanoid robot in South Africa is an indicator of the capability of artificial intelligence (AI). Pepper, a humanoid chat robot was recently unveiled at Nedbank's digital-branch, the... 

CCP 12J appoints DRA Group as technical partner

By: Marleny Arnoldi     30th May 2018 Mining engineering firm DRA Group will act as a technical partner to mining-focused venture capital company CCP 12J Fund in respect of engineering and outsourced operations and maintenance services.  

Leading mining engineering firm partners with new SA mining finance initiative.

30th May 2018 The DRA Group, a leading mining engineering firm, is to act as lead technical partner to CCP 12J Fund Limited (CCP 12J) in respect of engineering (EPC/M) and outsourced operations and maintenance services. CCP 12J is a new mining-focused Venture Capital Company, established in terms of Section... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

South Africa issues $2bn bonds in global markets – National Treasury

By: African News Agency      16th May 2018 South Africa on Tuesday successfully placed $2 billion in notes maturing in 2030 and 2048 in the international capital markets, the National Treasury said on Wednesday. The Treasury said the total issuance consisted of $1.4 billion on the 12-year tranche and $600-million on the 30-year paper. The... 

Gupta-owned mines' rehabilitation fund case postponed

By: News24Wire      20th April 2018 An urgent court application by the Gupta-owned Optimum and Koornfontein coal mines to reclaim rehabilitation funds worth over R1.7-billion, has been postponed. The money was seized by the National Prosecuting Authority's (NPA) Asset Forfeiture Unit. Trustees of the rehabilitation funds controlled... 

Petra Diamonds secures new debt agreements with lenders

By: Reuters     10th April 2018 Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year. The London-listed miner started talks with its banks earlier this year after the confiscation of a consignment of... 

Feb manufacturing output disappoints on firmer rand, bottlenecks

By: Reuters     10th April 2018 South Africa's manufacturing output came in below expectations in February following a run of five months of robust growth, with analysts pointing to a stronger rand and various bottlenecks, including the cost of doing business. Manufacturing output rose 0.6% year-on-year in February, well below... 

Youth Employment Service to benefit 1m young people  

By: Marleny Arnoldi     27th March 2018 President Cyril Ramaphosa on Tuesday launched the Youth Employment Service (Yes) initiative – a business-led partnership with government, labour and society, that aims to empower one-million young South Africans between the ages of 18 and 34 through paid work experiences over the next three years.  

Investment needed in strategic water source areas – WWF-SA 

By: Creamer Media Reporter      22nd March 2018 As South Africa struggles with the most devastating drought experienced in decades, the World Wide Fund for Nature South Africa (WWF-SA) is calling for more investment into the country’s strategic water source areas to ensure the best yields are achieved from living landscapes. Spending more... 

Court orders preservation order for Guptas' mine rehabilitation funds

By: News24Wire      12th March 2018 The National Prosecuting Authority has secured a court order to preserve the mining rehabilitation funds of two Gupta-owned mines held by the Bank of Baroda which intends leaving South Africa. According to the North Gauteng High Court order, dated March 8, the money in the in the Optimum Mine... 

Western Cape, financial institutions pledge commitment to affordable housing delivery

By: Simone Liedtke     1st March 2018 The Western Cape Department of Human Settlements on Thursday signed a memorandum of understanding (MoU) with five financial institutions operating within the affordable housing market, with the parties pledging their commitment to accelerating the delivery of affordable housing in the province.... 

Structural change needed to arrest mining's decline - analysts

By: Martin Creamer     26th February 2018 Structural change, with government and labour playing central roles, is needed to arrest the decline in South African mining, say Nedbank CIB mining analysts Leon Esterhuizen and Arnold van Graan. In comprehensive note, Esterhuizen and Van Graan describe South Africa's labour-intensive mining... 

Signs of manufacturing recovery, despite ongoing metals industry pressures

By: Megan van Wyngaardt     8th February 2018 The latest preliminary production data for the metals and engineering sector, released by Statistics South Africa (Stats SA) on Thursday, reflected a slowdown in production in December, despite a 2% increase in the broader manufacturing production during the same period, Steel and Engineering... 

Solar energy can reduce tariff hike strain on consumers

26th January 2018 With the ruling of the Constitutional Court having allowed power utility Eskom to retrospectively ask the National Energy Regulator of South Africa to claw back additional tariffs from consumers, solar energy equipment supplier Energy Partners Home Solutions believes that this could lead to... 

Wine industry sees positives despite expected R700m shortfall

By: Megan van Wyngaardt     22nd January 2018 The smaller wine grape harvest anticipated by industry body Vinpro for this year is expected to result in a R700-million shortfall at farm gate, at a time when production costs have doubled in the past decade and the minimum wage for farm workers is set to increase by 17% in May. However, despite... 

Sasol service stations attract largest number of visitors, survey reveals

By: Irma Venter     19th January 2018 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

New indaba seeks to clear logistics, infrastructure challenges

By: Megan van Wyngaardt     16th January 2018 The Cross-Border Mining Services Africa Indaba, which aims to bring senior-level professionals from mining companies, as well as mining contractors; engineering, procurement and construction management companies; logistics companies; third- and fourth-party logistics providers; and finance and... 

AI solutions come out tops in auto group’s innovation challenge

By: Irma Venter     15th December 2017 Artificial intelligence (AI) solutions secured big wins at the Mercedes-Benz South Africa (MBSA) Innovation Challenge, held in November. The winners were announced following a judging process by a panel that included representatives from MBSA’s parent company, German car maker Daimler. 

CIPC collaboration with banks to extend to BEE certification

By: Nadine James     1st December 2017 Company registration and business licensing organisation, the Companies and Intellectual Property Commission (CIPC) reports that companies will soon be able to attain black economic empowerment (BEE) certificates from South Africa’s four main banking institutions. CIPC commissioner Advocate Rory... 

Makwana appointed chairperson of Illovo Sugar

By: Natasha Odendaal     30th November 2017 Illovo Sugar South Africa on Thursday announced the appointment of Mpho Makwana as chairperson, effective December 1, succeeding Gavin Dalgleish who stepped down to focus on his role as group MD. Makwana previously co-chaired the World Economic Forum on Africa in 2011 and served as Eskom... 

Kibaran receives resettlement approval for Epanko

By: Megan van Wyngaardt     28th November 2017 Australia-based junior Kibaran Resources on Tuesday reported that the Tanzanian government had approved the resettlement action plan (RAP) compensation schedules for its Epanko graphite project. The chief valuer from the Ministry of Lands, Housing and Human Settlements Development (MLHHSD)... 

Sasol the most successful service station brand in SA, says Lightstone Explore

By: Irma Venter     27th November 2017 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

Artificial intelligence wins big at Mercedes-Benz SA Innovation Challenge

By: Irma Venter     17th November 2017 Artificial intelligence (AI) solutions secured big wins at the Mercedes-Benz South Africa (MBSA) Innovation Challenge, held on November 10. The winners were announced following a judging process by a panel that included representatives from MBSA’s parent company, German car maker Daimler. 

Mining production contracts while sales soar – Stats SA

By: Megan van Wyngaardt     9th November 2017 Local mining production decreased by 0.9% year-on-year in September, Statistics South Africa Statistician-General Risenga Maluleke revealed on Thursday. The largest negative contributors were platinum-group metals (PGMs), with output down 8.3%, followed by iron-ore, which was down by 7.5%. 

Solar photovoltaic invention passes two-year milestone

By: Schalk Burger     3rd November 2017 Standalone solar photovoltaic (PV) social enterprise technology SolarTurtle, which provides low-cost energy for remote and unconnected communities, has been profitable and operational for more than two years in various communities, says SolarTurtle inventor, founder and manager James van der... 

Park Square mixed-use office and retail development, South Africa

By: Sheila Barradas     20th October 2017 Park Square will serve as one of Nedbank’s flagship campuses in KwaZulu-Natal. 

Water dept urges corporates to close R30bn/y infrastructure funding gap

By: African News Agency      16th October 2017 The  Department of Water Sanitation has urged the South African financial sector to support its efforts to close the water services R30-billion-a-year infrastructure funding gap.  The department is in the process of drafting a new national water and sanitation master plan, which is expected to be... 

Chamber helps Italian companies prosper in S Africa

By: Robyn Wilkinson     13th October 2017 Networking events and exhibitions are integral to fostering partnerships between Italian and South African companies, says Italian-South African Chamber of Trade and Industries secretary general Mariagrazia Biancospino. 

Engen Helderberg Convenience Centre is Open for Business

11th October 2017 The people of Somerset West will benefit from the 24-hour services on offer at the all new Engen Helderberg Convenience Centre, which opened on 5 October 2017.   Engen Helderberg Convenience Centre is located on the corner of Sir Lowry Road and Schapenberg Road in Somerset West and offers... 

Bank of Baroda ordered to keep Gupta accounts open for now

By: News24Wire      9th October 2017 The high court ordered the Bank of Baroda on Monday to keep the accounts of Gupta-linked companies open, pending a final application which must be launched in 15 days. Pretoria high court judge Tati Makgoka granted the requested interdict against the bank, prohibiting the bank from deactivating... 

Packaging conference and free-to-attend seminars at Propak Cape

9th October 2017 Business decision-makers, purchasing influencers and other industry professionals will be heading to Propak Cape in October. As the Western Cape’s premier packaging, food processing, plastics, printing and labelling trade exhibition, visitors will be looking for the latest products, technologies... 

Pan African fields questions on gold hedging, guidance, wages 

By: Martin Creamer     26th September 2017 Gold mining company Pan African Resources, which is completely unhedged except for the hedging of 27 000 oz of gold that will be produced next year from its upcoming Elikhulu tailings treatment project, views hedging with extreme caution. In response to Nedbank equity analyst Arnold van Graan,... 

Anticipated tariffs hike makes energy efficiency wise choice

22nd September 2017 A ruling by the Constitutional Court last month which allows State-owned power utility Eskom to retrospectively ask the National Energy Regulator of South Africa to permit Eskom to claw back additional tariffs from consumers, could lead to further hikes in the price of electricity for South... 

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

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