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Moody’s lowers Hyprop’s credit rating

By: Tasneem Bulbulia     13th February 2019 Moody’s Investors Services (Moody’s) has lowered Hyprop’s rating from Baa3 to Ba1 with immediate effect, Hyprop revealed in a statement on Wednesday. Concurrently, Moody’s has lowered the long-term national scale issuer rating to Aa3.za from Aa1.za and has affirmed the short-term national scale... 

Afgri Technology Services partners with UP organisation to foster agri innovation

By: Marleny Arnoldi     13th February 2019 Afgri Technology Services (ATS) has partnered with the University of Pretoria’s (UP’s) TuksNovation to foster innovation in the agricultural sector. TuksNovation is a nonprofit organisation founded by the university, in partnership with the departments of Trade and Industry and Small Business... 

Load shedding: This is an emergency – Gordhan 

By: News24Wire      13th February 2019 No one could have anticipated the return of load shedding four days ago, Public Enterprises Minister Pravin Gordhan has said, referring to the present state of Eskom as an "emergency". The minister was briefing the portfolio committee on public enterprises on Wednesday about the crisis at Eskom. 

Gordhan: Those responsible for Eskom's failures may soon be in 'orange uniforms'

By: News24Wire      13th February 2019 Public Enterprises Minister Pravin Gordhan has said that government plans to hold those responsible for Eskom's failures to account. Gordhan said there would be litigation against those responsible for the poor design of Medupi and also suggested that, in terms of corruption, some people might... 

Jemena wins licence for 40 TJ/d gas plant

By: Esmarie Iannucci     13th February 2019 The Queensland government has issued infrastructure provider Jemena a licence to start construction of a domestic-only gas processing plant. The plant is part of Jemena’s A$140-million Atlas gas pipeline project, which will create 150 jobs and connect Project Atlas to the Wallumbilla Gas Hub in... 

Agri SA warns of negative impact of load-shedding on agriculture

By: Tasneem Bulbulia     11th February 2019 Agri SA has noted its concerns about the potential negative impact of load-shedding on the agricultural sector and the broader value chain. In a statement on Monday, the company highlighted that electricity is an important input cost for many farmers, especially farmers that depend on irrigation. 

Disgruntled unpaid mineworkers allegedly hampering rescue efforts at Gloria coal mine

By: News24Wire      11th February 2019 The fate of approximately 22 alleged copper thieves trapped underground hangs in the balance as rescue efforts are allegedly being hampered by disgruntled unpaid mineworkers. "They have threatened us and the contractors and they've told us under no circumstances are we allowed to continue [rescue... 

Silent authentication: a seamless customer experience in a connected world

11th February 2019 In a world of increasing connectivity and digitisation, our interactions with devices and services demand highly secure identity authentication for access – and yet signing in with usernames and passwords has never been more disruptive or difficult. Help is at hand, however, as the pace of... 

Investec says Sona focused on reviving growth with enhanced policy certainty 

By: African News Agency      8th February 2019 Investec economist Kamilla Kaplan said on Friday that President Cyril Ramaphosa's State of the Nation address (Sona) reaffirmed the key economic policy objective of reviving fixed investment rates in a bid to place the economy on a sustainable faster economic growth path. Ramaphosa's Thursday... 

Executives should take heed of risks, survey shows

By: Kim Cloete     8th February 2019 A recent survey has revealed that company executives are not adequately identifying and preparing for risks that could have potentially catastrophic implications on business operations, employees and society. The 2018 Global Operations Risk Survey of Corporate Leaders, was raised during a panel... 

Iron-ore powers to highest since 2014 as Vale crisis intensifies

By: Bloomberg     8th February 2019 Iron-ore futures surged more than 5% to hit the highest level since 2014 on concern that the increasingly severe crisis at top producer Vale will curtail global supplies, tightening the seaborne market and offsetting the impact of a slowdown in China, the largest importer. Vale invoked force... 

Data emerging as high-value asset for businesses

By: Schalk Burger     8th February 2019 Data is one of the most valuable assets businesses can leverage and will drive digital agendas in 2019, with a focus on rapid analysis and use, says data management firm PBT Group executive Kevin Kemp. It is at the forefront of most digital and technology business strategies, and allows for... 

AI and machine learning expected to boost productivity

By: Schalk Burger     8th February 2019 An increase in the productivity and pace of business processes can be expected owing to the use of artificial intelligence (AII) and machine learning (ML), says cloud service firm Oracle South Africa MD Niral Patel. An autonomous enterprise requires less time for manual tasks and lower chances of... 

Denel urges govt to use, support its new cybersecurity unit

By: Rebecca Campbell     8th February 2019 State-owned defence industrial group Denel has urged the Government to support the development of and make use of the capabilities of the group’s recently established division, Denel Sovereign Security Solutions (Denel S3). The aim is to ensure that cyber security for Government information and... 

Kusile power plant project, South Africa

By: Sheila Barradas     8th February 2019 Eskom has offered a sobering update on the difficulties it is having at its Kusile project. 

Ramaphosa promises ‘meaningful consultation’ as he confirms split of Eskom into three units 

By: Terence Creamer     7th February 2019 President Cyril Ramaphosa confirmed on Thursday that South Africa’s embattled State-owned electricity producer would be split, under Eskom Holdings, into three separate entities – generation, transmission and distribution – in an effort to bring credibility to the turnaround of the utility and to... 

CSIR displays new combined missile and gunshot warning system

By: Rebecca Campbell     7th February 2019 One of the technologies showcased by the Defence, Peace, Safety and Security (DPSS) division of the Council for Scientific and Industrial Research (CSIR) at its Pretoria campus on Thursday was an Optical Missile Approach Warning and Gunshot Detection System. This combined system not only detects... 

CSIR wind tunnels very busy and other aeronautics projects secure partnerships

By: Rebecca Campbell     7th February 2019 The Council for Scientific and Industrial Research's (CSIR's) wind tunnels are currently very busy with two international contracts, Aeronautics Competency Area manager Kaven Naidoo told Engineering News Online on Thursday. Aeronautics falls under the CSIR's Defence, Peace, Safety and Security... 

CSIR showcases its defence and security technologies to industry

By: Rebecca Campbell     7th February 2019 The Defence, Peace, Safety and Security (DPSS) division of the Council for Scientific and Industrial Research (CSIR) held a technology demonstration day at the CSIR campus in Pretoria on Thursday. Various technologies developed by DPSS were displayed to representatives of industry and the media.... 

Ford digs up litany of unexplored claims ahead of inquest into burnt Kuga

By: News24Wire      6th February 2019 Unexplained casino chips, a "bullet cartridge" and a suspicious maroon car are among a litany of unexplored claims which the Ford Motor Company dug up ahead of a High Court inquest into the death of Reshall Jimmy. Jimmy's burnt body was found in his Ford Kuga four years ago while he was on... 

Minerals Council welcomes President’s statements at Mining Indaba

By: Tasneem Bulbulia     6th February 2019 The Minerals Council South Africa has welcomed the statements made by President Cyril Ramaphosa during his address at the Investing in African Mining Indaba, in Cape Town, on Tuesday. The Minerals Council said the President had, throughout his address, echoed the sentiments expressed by Mineral... 

Obuasi mine to be an engine of growth for AngloGold, says CEO

By: Kim Cloete     6th February 2019 AngloGold Ashanti CEO Kelvin Dushnisky is very upbeat about developing its Obuasi gold mine, in Ghana, and has described it as being "in a class of its own on a number of metrics".  “It will be an engine of growth for this company. You need big, chunky engines of growth which, year after year,... 

South Africa to unveil Eskom support package in coming days – Ramaphosa

By: Reuters     5th February 2019 South Africa will in the coming days unveil a package of measures to shore up State-owned Eskom's finances and address structural issues facing the struggling power firm, President Cyril Ramaphosa said on Tuesday. "In the coming few days we will be announcing a package of measures to stabilise as... 

Metals streaming transactions to raise capital gain traction in Africa – Baker McKenzie

By: Tasneem Bulbulia     5th February 2019 Metals streaming transactions as a way to raise capital for development or acquisition financing is gaining popularity among African mining companies, says Baker McKenzie managing partner Morne van der Merwe and Banking and Finance head Wildu du Plessis.   They point out that such transactions... 

Hudaco maintains FY18 dividend despite economic headwinds

By: Marleny Arnoldi     1st February 2019 JSE-listed engineering consumables supplier Hudaco Industries maintained its final dividend for 2018 at 380c apiece, despite having experienced an “especially challenging” year. The company reported a 3% year-on-year decrease in operating profit to R655-million.  

Anadarko wants armoured vehicles for Mozambique gas project

By: Bloomberg     1st February 2019 Anadarko Petroleum Corp wants a fleet of at least six vehicles with armor heavy enough to stop AK-47 bullets at its natural-gas project in Mozambique. And it needs them soon. The company called for expressions of interest from potential suppliers of so-called B6 specification vehicles, and also... 

UN Security Council to review Central African arms embargo by end-Sept

By: Reuters     1st February 2019 The United Nations Security Council agreed on Thursday to review arms embargo measures on Central African Republic by the end of September if the country makes progress in areas including reform of its security sector and management of its weapons. CAR has been under a UN arms embargo since 2013... 

India's Vedanta sinks 20% to 2-1/2-year low

By: Reuters     1st February 2019 Shares of India’s Vedanta slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by the parent company of the conglomerate in African miner Anglo American. Vedanta said on Thursday its foreign unit Cairn India Holdings had paid $200-million to buy a... 

Botswana keen for corridor to link to South Africa’s coalfields

By: Kim Cloete     1st February 2019 Botswana’s Minister of Transport and Communications, Dorcas Makgato, has revived the need for a new heavy haul railway linking Botswana’s Mmamabula area with South Africa’s Lephalale coalfields.   Makgato said the project aimed to link coal deposits in both areas with South African heavy haul... 

Queensland unlocks new land for resource exploration

By: Esmarie Iannucci     1st February 2019 The Queensland government on Friday announced tenders for coal exploration in the Bowen and Surat basins, and for minerals exploration in the North West province. “Unlocking land for resource exploration - whether it is to uncover coal, gas or minerals - is vital to continuing resource... 

IoT threats still a concern despite a focus on security

By: Natasha Odendaal     1st February 2019 Despite an increased focus on Internet of Things (IoT) security, only 48% of companies can detect if any of their IoT devices suffer a breach, a new study by digital security giant Gemalto shows. Nearly 90% of the companies surveyed believe that it is a “big consideration” for customers, with... 

CYBERSECURITY ON WHEELS

1st February 2019 IBM describes its X-Force Command Cyber Tactical Operations Center as a first-of-a-kind training, simulation and security operation on wheels. Painted black and emblazoned with IBM’s logo, a 23 t trailer, with expandable side panels, is hauled by Mercedes-Benz Actros heavy-duty truck. The trailer... 

Hybrid-cloud services offer data control and security

By: Schalk Burger     1st February 2019 Information technology (IT) multinational subsidiary BT Africa’s managed cloud services enable companies to integrate multiple cloud infrastructure providers into one point of consumption, aligning costs and improving agility, as well as ensuring companies retain control over their data. Hybrid... 

Digital trust next cybersecurity model as attacks and protection evolve

By: Schalk Burger     1st February 2019 Organisations will move from zero trust to digital trust cybersecurity models, enabling companies to create digital fingerprints of their employees, improving access to data and applications, and preparing for more mature cyberattack approaches, says information and communication technology... 

Icasa urged to tread cautiously regarding cybersecurity role

By: Natasha Odendaal     1st February 2019 As the Independent Communications Authority of South Africa (Icasa) seeks to define its role and responsibilities in the cybersecurity and cyberthreat regulatory environment, industry input suggests that the regulator’s resources will be best placed elsewhere. Icasa in January kicked off the... 

African Transport Operations Agency (ATOA)

1st February 2019 Specialising in cross-border transportation to African countries, African Transport Operations Agency (ATOA) provides expert solutions and services to the trade and transport industry. Based in Cape Town, South Africa, ATOA moves cargo throughout Africa by road, sea, air or multimodal freight. 

N2 Wild Coast Toll Road megabridges project, South Africa

By: Sheila Barradas     1st February 2019 The Aveng Strabag Joint Venture, responsible for building the Mtentu bridge, has not returned to site following a three-month break as a result of violent community protests against the project. 

Edcon, SA Corporate Real Estate set to refurbish CBD property

By: Tasneem Bulbulia     31st January 2019 Edcon has announced that the property on the corner of Pritchard and Joubert streets in the Johannesburg central business district (CBD) would be renovated by landlord SA Corporate Real Estate, with the renovated building set to become a new mall that will include a renovated Edgars store and... 

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