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Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

Competition Bill’s national security veto of foreign mergers ‘tightly codified’

By: Terence Creamer     17th July 2018 The national security veto included in the Competition Amendment Bill, which was tabled before Parliament on Tuesday, had been “tightly codified” so as not to deter potential investors, but rather offer certainty, Economic Development Minister Ebrahim Patel said during a briefing in Cape Town.... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

Ramaphosa talks tough on mine safety, says to engage tribal chiefs on land

By: Reuters     17th July 2018 South Africa will tighten its mine safety regulations to hold mine operators accountable for accidental deaths in the industry, President Cyril Ramaphosa said on Monday. Safety is a huge issue in South Africa’s deep and dangerous mines and increasingly a focus for investors. A spate of deaths at... 

Fura to expand its Mozambique ruby holdings; considering an LSE listing

By: Anine Kilian     16th July 2018 TSX-V-listed gemstone producer Fura Gems has entered into an agreement to acquire an interest in nine ruby assets in Mozambique from ASX-listed Mustang Resources and Regius Resources Group for A$15-million, or about C$14.6-million, in cash and shares. Upon closing of the acquisition, Fura, which... 

Rio says workers return at South Africa's Richards Bay Minerals

By: Bloomberg     16th July 2018 Rio Tinto’s Richards Bay Minerals in South Africa said workers are reporting for duty after violence and protests that started more than a week ago shut the operations. “Following a significant improvement in the security situation, employees are returning to work today and we will safely ramp up... 

Davies concerned about extension of US tariffs to autos and auto parts

By: African News Agency      16th July 2018 South Africa’s steel and aluminium exports to the United States does not pose any threat to US national security, says Trade and Industry Minister Dr Rob Davies. Davies was speaking during bilateral meetings in Washington DC with US Trade Representative Ambassador Robert Lighthizer, US Secretary... 

How mining tycoons are trying to foil a big UK bribery probe

By: Bloomberg     16th July 2018 It’s a faint echo of the defense being floated by targets of the Mueller probe in the US – an unaccountable circle of bureaucrats manipulating the system to their own ends. But in London, it’s the last ditch effort by a trio of Kazakh oligarchs to derail the UK’s biggest bribery investigation. 

Transnet Pipelines unveils new national operating centre

By: Shirley le Guern     13th July 2018 A new national operating centre (NOC) that will serve as a nerve centre for Transnet Pipelines (TPL) and its 3 800 km underground national pipeline network was officially opened in Durban on Friday. Up until now, the control centre was based at TPL’s head office in the Durban central business... 

Copper trains ransacked by 'moles' in full-moon desert heists

By: Bloomberg     13th July 2018 On nights lit by a full moon, thieves leap from trucks onto trains as they roll through Chile’s Atacama desert, before throwing 80-kg slabs of copper to the ground and disappearing into the dark. It’s a tactic known as “the cat” and the robbers are “moles” because no one knows where they come... 

One arrested as Eskom stolen cables worth R5m discovered in Johannesburg

By: Reuters     13th July 2018 An investigation team from Eskom recovered stolen Eskom infrastructure worth R5-million, the power utility said on Friday. One person was arrested when the team and members of the SA Police Service made the discovery of the infrastructure, which included aluminium and copper cables, in... 

UN Security Council to vote Friday on proposed arms embargo on South Sudan

By: Reuters     13th July 2018 The United Nations Security Council is due to vote on Friday on a US-drafted resolution that would impose an arms embargo on South Sudan, five years after civil war broke out in the country, diplomats said on Thursday. A resolution needs nine votes in favor and no vetoes by Russia, China,... 

Technological advances fast-track new power projects

13th July 2018 Technological advances and a decline in prices in battery energy storage are driving progress in distributed power generation, grid stabilisation and utility scale energy applications, with significant opportunities for companies across Africa. Speaking ahead of Africa’s premier power sector... 

Suspicious calm before Zim elections

By: Martin Zhuwakinyu     13th July 2018 Zimbabweans go to the polls in about two-and-a-half weeks and, for the first time in yonks, the name of Robert Mugabe – who was deposed in November in an army-led operation that everyone seems to refuse to call a coup – will not be on the ballot paper. The ‘secret’ to Mugabe’s political longevity... 

Ansys rebrands as Etion

By: Natasha Odendaal     13th July 2018 Digital technology solutions provider Ansys has embarked on a significant rebranding to breathe new life into its business units and reflect its new position as a diversified digital technology group. Now evolved into Etion, representing “energy in action”, the AltX-listed group has changed the... 

Solid demand forecast for turboprop aircraft amid growth in regional routes

By: Rebecca Campbell     13th July 2018 Regional turboprop airliner manufacturer ATR has released its 20-year (2018 to 2037) forecast for global demand for turboprop airliners. It estimates the market at 3 020 aircraft, worth more than $80-billion. “The key driver for this positive outlook is traffic growth in regional connectivity,”... 

Ecuador attracting mining interest, political risks weigh on Latin America outlook

By: Mariaan Webb     12th July 2018 The South American country of Ecuador is attracting interest among foreign mining companies, as a low-risk, high-reward market, where government remains supportive of mining, despite the February referendum restricting mining in protected areas. Market intelligence firm BMI, which publishes a... 

Rio Tinto says minerals sands operation in South Africa shut by protests

By: Reuters     11th July 2018 A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday. Community unrest is a common feature of South Africa's social... 

African troops fighting terrorism in Sahel are protecting world – UN

By: African News Agency      10th July 2018 UN Secretary-General Antonio Guterres has paid tribute to African troops fighting terrorism in the Sahel, saying they were not only protecting those in the restive Sahel region - but also the whole world. Gueterres made his comments at a press conference during the second annual UN-African Union... 

Switzerland launches WTO action over US steel, aluminium tariffs

By: Reuters     10th July 2018 Switzerland has launched a complaint at the World Trade Organization against US tariffs on steel and aluminium, it said on Tuesday, the eighth WTO member to start such a challenge. "From Switzerland's point of view, the additional duties, which according to the US have been introduced to protect... 

Security breach puts Liberty at risk – Redstor

9th July 2018 While established insurance firm Liberty continues to throw everything it has at an investigation into the recent major data breach, the incident is a stark reminder to businesses that cyber security should be a constant priority – a company’s guard must always be up. This is the warning from... 

Post Office strike halts payment to grant beneficiaries

By: News24Wire      9th July 2018 Thousands of workers at the South African Post Office (Sapo) and Telkom downed tools on July 6 to demand higher wages. They are affiliated to three unions - the Communication Workers', Customs and Democratic Postal and Communications unions, GroundUp reported. The workers are demanding a 12%... 

MTN Uganda says security personnel raided its data centre

By: Reuters     6th July 2018 MTN Uganda, a unit of the South African telecoms firm, said security personnel had raided its data and disconnected four of its servers. The firm said in a July 3 letter to the State-run telecommunications regulator that it had "reported to police a case of illegal intrusion into the data centre... 

Private equity useful in current economy

6th July 2018 Using private equity to gain capital, especially for small to medium-sized enterprises (SMEs) that might not meet the criteria to qualify for bank loans, seems like a preferential means of raising capital in South Africa’s current tough economic climate, according to private equity company RMB... 

Occupational disease prevention campaign launched

By: Schalk Burger     6th July 2018 Workplace health and safety compensation funds Rand Mutual Assurance (RMA), Federated Employer’s Mutual Assurance Company and the Department of Labour Compensation Fund, as well as the Department of Mineral Resources, on Thursday launched the Occupational Disease Prevention Campaign, in... 

DA wants soldiers to secure borders

By: African News Agency      6th July 2018 The police alone cannot secure South African borders, the Democratic Alliance (DA) said on Thursday. "Our offer is that it must not just be the police here. We need the SA African National Defence Force to ensure that ultimately border control is in place. As it stands in South Africa there more... 

Spectrum release expected to bring big economic and social benefits 

By: Natasha Odendaal     6th July 2018 The much-anticipated release of South Africa’s high-demand spectrum has the potential to reshape the country’s economy by stimulating innovation and open the way for the country's full participation in the so-called Fourth Industrial Revolution. However, industry analysts stress that the manner... 

S Africa wastewater facilities in disrepair

By: Donald Makhafola     6th July 2018 Half of South Africa’s water infrastructure is in disrepair and it will take significant financial investment, and political will, to restore it, according to the Institute for Security Studies (ISS). “Our research indicates that what is needed is investment in basic infrastructure such as fixing... 

New tech, investments can reduce water crisis

By: Donald Makhafola     6th July 2018 New technologies for water and wastewater treatment plants, as well as investments in ecological infrastructure, could reduce the risks of water pollution and failure of critical water supply infrastructure in the country, says global engineering and infrastructure advisory firm Aurecon South... 

Growth potential of B grade steel in Africa evident

By: Erin Steenhoff-Snethlage     6th July 2018 The growth of various economies in Africa and the reliance on agriculture, means there will be a growing market for B grade steel for use in agriculture equipment, fencing and security in addition to its traditional use in decorative additions, says steel supplier Edenvale Steel and Tube Co. B... 

Low maintenance treatment plants supplied to hospital

6th July 2018 Global optimised resource management company Veolia Water Technologies South Africa recently designed, manufactured and commissioned two containerised, plug-and-play solutions for State-owned Bambisana Hospital in Goqwana township, Eastern Cape. The two packaged low-footprint and low maintenance... 

Tank blanketing provides security for flammable liquid storage

6th July 2018 Tank blanketing is deemed one of the most effective ways of preventing fires in flammable liquid storage tanks by means of controlling the formation of explosive vapour or air mixtures above the liquid surface, according to industrial equipment supplier Energas Technologies. Energas Technologies... 

Spectrum release expected to bring big economic and social benefits

By: Natasha Odendaal     6th July 2018 The much-anticipated release of South Africa’s high-demand spectrum has the potential to reshape the country’s economy by stimulating innovation and open the way for the country's full participation in the so-called Fourth Industrial Revolution. However, industry analysts stress that the manner... 

Roofing and cold formed sections specialists: Covering Africa

6th July 2018 Southern Africa’s leading supplier of metal roofing products and cold formed sections, Macsteel Roofing’s specialised roofing products continue to show increasing demand nationally and from within Southern African emerging markets. Included in its comprehensive product offering is the manufacture... 

New technical models set to reduce costs of power generation, distribution for Africa

5th July 2018 Innovative new technologies and architectures set to reduce the costs of power generation and distribution will be presented at the upcoming POWER-GEN & DistribuTECH Africa conference and expo. Speaking ahead of Africa’s premier power sector summit, experts outlined a number of new technologies... 

TruckX on track to open in just 7 days

5th July 2018 The countdown to the most anticipated trucking and fleet event of the year has begun. With less than a week to go until TruckX, participants and industry stakeholders are preparing for two days of interactive events, expertise, knowledge-sharing, business building, deal-making and fun. TruckX... 

Hope for Johannesburg waste pickers

By: News24Wire      3rd July 2018 The future of Johannesburg's waste pickers — people who make their living by searching through garbage for things to recycle — may be looking brighter, GroundUp reports. The City has committed to including waste pickers in its recycling initiatives. But an organisation that works with waste... 

Spanish cattle farmers are worrying about nearby uranium mines

By: Bloomberg     3rd July 2018 Maria Jose Alamo, whose 120 cattle graze on land close to the only major new uranium mine being developed in the world, is worried. “I myself wouldn’t buy the meat of cattle raised close to such a mine,” said Alamo, 48, in an interview at a cafe in the hamlet of Banos de Retortillo, in Western... 

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