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WiFi can aid in water crisis

By: Marleny Arnoldi     8th December 2017 During a water crisis, readily available technology, such as the Internet of Things, enabled through WiFi, can be used to apply water management systems throughout a city including monitoring use, pinpointing leaks and curbing excessive use, says wireless solutions provider Ruckus.  

SA’s not-so-impressive showing in the governance stakes

     8th December 2017 South Africa is a force to be reckoned with in Africa. It is one of the continent’s powerhouses – politically and economically – with its gross domestic product (GDP) being the largest, although it had to contend with being second best to Nigeria in the GDP stakes between 2014, when the latter... 

Nigerian’s Dangote Cement partners with online shopping giant Jumia

By: African News Agency      5th December 2017 Nigerian based Dangote Cement has signed a deal with the e-commerce platform Jumia Nigeria to sell its cement to online. According to the group, the move was designed to reduce price and ease logistics inherent in the purchase of its products. 

Africans must drive African trade – Zuma

By: African News Agency      5th December 2017 President Jacob Zuma has said that Africa needs to develop its manufacturing capabilities, achieve industrialisation and drive intra-African trade to reverse the continental trend of exporting raw materials and importing finished goods. Zuma was speaking at the inaugural African Terminal... 

Opec, allies set to agree oil cut extension to end of 2018

By: Reuters     30th November 2017 Opec and non-Opec oil producers look poised to agree on Thursday to extend output cuts until the end of 2018 to finish clearing a global glut of crude while signaling they could exit the deal earlier if the market overheats. Non-Opec Russia, which this year reduced production significantly with... 

Lafarge Africa aims to cut debt with first equity sale in decade

By: Reuters     30th November 2017 Lafarge Africa will use part of the proceeds of a 131.65-billion naira ($415-million) rights issue to cut debt by around $270-million, almost halving its foreign currency exposure, the cement maker said in its offer document. The local unit of Franco-Swiss group Lafarge Holcim is offering five... 

Governments largest developers of Africa’s infrastructure projects

By: Creamer Media Reporter      29th November 2017 Governments remain the single largest developers of infrastructure projects – and own between 57% and 90% of tracked projects – across Africa, the 2017 edition of Deloitte’s ‘Africa Construction Trends’ report has found. The report, released on Wednesday, includes 303 infrastructure projects... 

Tiger Brands FY profit ticks up in weak economy

By: Reuters     27th November 2017 Tiger Brands, South Africa's biggest consumer foods maker, on Monday reported a 1.6% rise in full-year profit as it refocuses on its slow-growing home market after a costly foray into the rest of Africa. Tiger Brands reported headline earnings per share (EPS) of 2 161 cents for the year to... 

IMF credit to Chad delayed over Glencore oil debt

By: Reuters     24th November 2017 Chad's stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said. The International Monetary Fund has said... 

Wärtsilä to build utility-scale solar power plant in Nigeria

By: Megan van Wyngaardt     24th November 2017 Technology group Wärtsilä has been awarded the engineering, procurement and construction contract for its first utility-scale solar photovoltaic (PV) power plant, in Nigeria. The 75MW plant is being developed by Pan Africa Solar and, when operational, will be the largest in Nigeria; and one of... 

Power underpins wave of African industrialisation

     24th November 2017 Power is closely tied to a surge of new infrastructure projects and rapid industrialisation across Africa, with significant opportunities still open to the power sector, delegates heard at a briefing for key power sector stakeholders in Sandton this week. Infrastructure spend across Africa will... 

Epic 3 190 km Uber trip a sub-Saharan Africa record

By: Irma Venter     24th November 2017 The longest Uber trip on record in sub-Saharan Africa was recorded in South Africa this year – 3 190 km from Cape to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

Stefanutti Stocks’ diversified structure providing stability

By: Irma Venter     24th November 2017 Despite challenging trading conditions, Stefanutti Stocks on Thursday reported an 18% increase in operating profit, to R119-million, for the six months ended August  31. Revenue for the period also grew 18%, to R5.2-billion, up from R4.4-billion in the comparable period last year. 

Africa specialist punts local presence as key to capitalising as infrastructure spend set to boom

By: Megan van Wyngaardt     23rd November 2017 Through innovation in the energy sphere, Africa is slowly starting to overcome historical blockages that have prevented the continent from achieving economic growth and creating sustainable jobs, according to energy consultancy Africa House director Duncan Bonnett. Speaking at a PowerGen and... 

Paragon sponsors UJ’s Graduate School of Architecture

     17th November 2017 The main sponsor of the Summer Show 2017 at the University of Johannesburg’s (UJ’s) Graduate School of Architecture (GSA) in November is leading architecture, interior design, and space-planning practice Paragon of Sandton, Johannesburg. Paragon has a long association with UJ’s Graduate School of... 

Third biennial food and drink exhibition to be held in 2018

By: Simone Liedtke     17th November 2017 Conceptualised as a “for Africa by Africa” event, exhibition company Messe München South Africa (SA) will host the third biennial food and drink technology Africa (fdt Africa) exhibition from September 4 to 6 at the Gallagher Convention Centre in Johannesburg, South Africa, next year. 

Outlook for vehicle market hinges on political landscape – bank

By: Irma Venter     17th November 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

Financing secured for solar projects in Egypt

By: Nadine James     17th November 2017 European photovoltaic (PV) specialist Scatec Solar announced that it had secured financing of $335-million to fund its portion of the development of six 400 MW utility scale PV power plants which will be located in the Benban solar park in the City of Aswan in Egypt. The company secured funding... 

Nigeria, Russia sign nuclear agreements

By: Keith Campbell     10th November 2017 Nigeria has signed agreements with Russia covering the construction and operation of a nuclear power plant (NPP) and a nuclear research reactor and associated research facilities, Russia’s State-owned nuclear group Rosatom has announced. The two countries also signed a cooperation roadmap... 

Uber reaches almost 1-million users in South Africa

By: Irma Venter     9th November 2017 The longest Uber trip on record in sub-Saharan Africa happened in South Africa this year – 3 190 km from Cape Town to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

The new age of digitalisation and the impact on the African energy sector

     9th November 2017 The role of digitalisation within the African energy sector is growing rapidly and will result in demand for innovation, adaptation to new market technologies as well as the development of a new skill set within companies.African countries can add a value of R4 trillion ($300billion) to the... 

Stefanutti Stocks sees 18% profit growth, expects margin squeeze to continue

By: Irma Venter     9th November 2017 Despite challenging trading conditions, Stefanutti Stocks on Thursday reported an 18% increase in operating profit, to R119-million, for the six months ended August  31. Revenue for the period also grew 18%, to R5.2-billion, up from R4.4-billion in the comparable period last year. 

Mining Weekly Print Magazine 

By: Creamer Media Reporter      9th November 2017 Mining Weekly is a weekly print magazine that is published each Friday. It’s read by over fifty thousand people every week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Engineering News Print Magazine 

By: Creamer Media Reporter      9th November 2017 Engineering News is a weekly print magazine that’s published every Friday. It’s read by over fifty thousand people each week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Turkish electronics, electrical trade mission to meet SA importers

     6th November 2017 Following renewed Turkish-South African commitments to boost bilateral trade, a Turkish electronics and electrical goods trade mission will travel to South Africa in November for meetings with local buyers and distributors.  

Converting From Steel To Aluminium Beverage Cans Bears Fruit For Sa’s Metals Packaging And Recycling Industries

     6th November 2017 Since 2013, more than $94-million (ZAR1.258 billion) in capital investments have been made by industry heavyweights such as ABInbev, Coca-Cola Southern Africa, Nampak Bevcan and Hulamin to convert the beverage can industry from steel to aluminium.  Not only did this step bring the region in line... 

Urban solutions to Africa’s problems

     3rd November 2017 ‘Better city, better life’ is the United Nations' (UN's) World Cities Day, which falls on October 31 each year. This year’s theme, ‘innovative governance, open cities’, referenced the idea that urbanisation has immense potential to improve people’s lives. Given the UN’s focus on using the... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Global oil exploration dips to 60-year low

By: Natasha Odendaal     1st November 2017 With exploration activity waning, global oil and gas exploration has reached an historic low, according to the latest PwC Africa oil and gas review 2017, which highlights just three new major discoveries in Africa during 2016 and the first half of 2017, compared with 11 in 2015. In 2016, there... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

Steady demand for customisable stainless steel products

By: Robyn Wilkinson     27th October 2017 Owing to its strong reputation for customisable turnkey solutions, there is steady and strong demand for stainless steel processing equipment manufacturer Anderson Engineering’s products throughout the African markets that it serves, says Anderson Engineering deputy MD David Nienaber. 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

US to strengthen energy partnerships in Africa, says US Energy Secretary

By: Kim Cloete     25th October 2017 US Energy Secretary Rick Perry says his government is committed to strengthening its energy partnerships with African countries, but has called for a clear and transparent regulatory environment. “There is no more important message that governing bodies can send to both the US government and the... 

ASEAN – African manufacturers, tech firms to meet at Expo and Forum

     25th October 2017 Manufacturers and technology firms from across South-East Asia and Africa are set to converge in Johannesburg next month for the first Africa-ASEAN Business Expo (AABE) and Forum. 

MTN impacted by exchange rates in Q3

By: Natasha Odendaal     24th October 2017 Mobile operator MTN’s financial performance in the quarter ended September 30 ,has been negatively impacted on by exchange rate movements. The JSE-listed firm on Tuesday posted a 13.4% decline in total revenue and 14% decrease in group service revenue for the three months. 

Politics muddying new-vehicle market forecasts

By: Irma Venter     24th October 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

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