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Trump says his steel tariffs will save the US industry – WSJ

By: Reuters     16th August 2018 President Donald Trump said on Wednesday his tariffs on foreign steel are saving the US industry and he predicted that in the future American steelmakers will mostly face domestic competition, the Wall Street Journal reported. In a 20-minute interview with the newspaper, Trump said some people... 

Farlam unhappy with snail pace in implementation of his Marikana recommendations

By: African News Agency      16th August 2018 Retired judge Ian Farlam, who chaired the government-instituted judicial commission of inquiry into the August 2012 Marikana massacre – in which at least 44 people including protesting Lonmin mineworkers, police officers, and security officials were killed in Marikana, outside Rustenburg – on... 

We made significant progress in Marikana, says Lonmin

By: African News Agency      15th August 2018 Platinum producer Lonmin has made significant progress in delivering on its commitment to the Marikana community, the company said on Wednesday. "Housing has been a key focus of the company’s social and labour plans, with modern housing developments being built for many of its employees," said... 

The Brenthurst Foundation Appoints Three New Advisory Board Members

14th August 2018 The Brenthurst Foundation is pleased to share with you news of three appointments to our Advisory Board: former President of Liberia (and Nobel laureate) Ellen Johnson Sirleaf, former Defence Minister of Colombia Juan Carlos Pinzón, and former Prime Minister of Ethiopia Hailemariam Desalegn. Our... 

Six killed in armed incident near Semafo’s Boungou mine

By: Simone Liedtke     14th August 2018 West Africa-focused Canadian mining company Semafo on Monday reported that five gendarmes and one subcontractor employee had lost their lives in an armed incident that occurred between the town of Fada and the Boungou mine site, in the Est region of Burkina Faso. While operations at the Boungou... 

Esor’s share price plummets as major subsidiary files for business rescue

By: Simone Liedtke     13th August 2018 JSE-listed Esor’s share price plummeted on Monday by 62.5% as the company announced the start of business rescue proceedings for its Esor Construction subsidiary, which holds the group’s infrastructure, building and housing, pipelines, sanitation and pipe services businesses. The decision follows... 

Water dept to prioritise SRSS as part of improving state of Vaal river

By: Marleny Arnoldi     13th August 2018 The Department of Water and Sanitation (DWS) has assured that it, together with Rand Water, the Gauteng provincial government, and the Sedibeng district and Emfuleni local municipalities are working towards improving the state of the Vaal river and the Vaal dam. Rand Water stated that reports... 

Eskom prices oversubscribed $1.5bn notes offering

By: Marleny Arnoldi     13th August 2018 State-owned power utility Eskom has successfully priced a two-tranche ten-year $1.5-billion global bond, under its $4-billion global medium-term note programme, following a series of investor meetings held by the utility, the Department of Public Enterprises, and Europe and US National... 

APA takes up A$13bn offer

By: Esmarie Iannucci     13th August 2018 The directors of energy infrastructure business APA Group have unanimously recommended a near A$13-billion takeover offer from a consortium led by CK Infrastructure Holdings. The A$11 a share offer was first flagged in June this year, with the consortium, which also includes CK Asset Holdings... 

Mozambique's ruby mining goes from ‘wild west’ to big business

By: Bloomberg     13th August 2018 Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. 

BlueRock liquidation hearing cancelled as it reaches agreement with former CEO

By: Anine Kilian     10th August 2018 Aim-listed BlueRock Diamonds has reached an agreement with former CEO Riaan Visser that his application for the liquidation of Kareevlei Mining be removed from the court roll, subject to security being provided for the full amount of his alleged claim of about £230 000. Accordingly, the... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

South African farmers face tough road to recovery

By: Erin Steenhoff-Snethlage     10th August 2018 Local orchards and vineyards could take between five and seven years to fully recover from the recent drought, provided there is average or above-average rainfall for three consecutive years, says agriculture industry association Agri SA head of natural resources Janse Rabie. “Because of the... 

Anticipated growth for solar furnace market

10th August 2018 The global solar furnace market is envisaged to leverage the opportunity created by the growing need to use solar energy as a cost-effective alternative to fossil fuel, owing to increasing prices. This is according to a report by market researcher and consulting services provider TMR Research,... 

Do-it-yourself works for Pratley as it turns 70

By: Schalk Burger     10th August 2018 Full control over raw-material sources, production and packaging, as well as the in-house expertise that this stimulates, enables the Pratley group of companies to develop innovative products, ensure quality control and grow, says Pratley CEO Kim Pratley. The company, which produces a well-known... 

WPG appoints receivers

By: Esmarie Iannucci     9th August 2018 South Australian gold miner WPG Resources has gone into receivership. The company told shareholders this week that receivers were appointed following a default of the group on a A$20-million debt facility with services provider Byrnecut Group. 

ALCORE gets global licence for technology

By: Esmarie Iannucci     8th August 2018 ASX-listed Australian Bauxite has told shareholders that its ALCORE subsidiary would have the global licence rights for bauxite refining using the ALCORE technology. The global licence will allow ALCORE to build multiple plants in any location to meet the growing demand for aluminium fluoride... 

Think that complicated terms like NAS and cloud are only for geeks?

By: Creamer Media Reporter      7th August 2018 NAS stands for network-attached storage. Sounds complicated and technical and only for hardcore technology fundi’s right? Wrong. NAS happens to be a clever, easy and brilliant way to build a home server that allows you to change the way you handle all your photos, videos, backups, streaming and... 

Alcoa asks US government for tariff exemption on Canadian aluminum

By: Reuters     7th August 2018 Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief. According to documents posted to its website, Alcoa said no US aluminum producer can... 

R100 000 reward offered for info on Cape Town train fires

By: News24Wire      6th August 2018 The Western Cape government is offering a R100 000 reward for information that could lead to the arrest and conviction of whoever is burning trains in Cape Town. "The R100 000 reward we are making available is our warning to these arsonists: You are being watched, you will be caught and we will... 

Blockchain technology could prove beneficial to the mining industry – Fitch Solutions

By: Creamer Media Reporter      3rd August 2018 Blockchain has the potential to serve as a powerful tool for mining companies looking to improve their environmental, social and governance standards as consumer pressure in this regard continues to grow, the latest report by Fitch Solutions shows. While blockchain also offers a number of other... 

Octodec uplifts Tshwane CBD

By: Marleny Arnoldi     3rd August 2018 JSE listed real estate investment trust (Reit) Octodec has uplifted the Tshwane central business district (CBD) with various residential, commercial, office and retail developments, with the aim of providing safe, clean and productive environments for the citizens of the city. The latest... 

RMB Corvest assists clients internationally

3rd August 2018 RMB Corvest has realised significant returns in exiting the Servest Group, demonstrating its expertise internationally. RMB Corvest is a preferred PE partner, commanding an authoritative track record in the field and enjoying the diverse skills of an experienced executive team. “Our emphasis is... 

Internet connectivity increases property value

By: Melissa Zisengwe     3rd August 2018 Bundling WiFi connectivity is a commercial and industrial property value-proposition, which attracts potential buyers and boosts property value, says wireless networking company Ruckus Networks. “South African property developers are proving to be enthusiastic WiFi adopters because the... 

Value for money in sectional title properties

3rd August 2018 Despite challenging economic conditions, there are still opportunities for buyers and investors to purchase property in a desirable address at affordable prices, says leading estate agency Pam Golding. The company says savvy buyers with access to finance are buying up sectional title properties... 

Data breaches costing South African firms billions of rands

By: Natasha Odendaal     3rd August 2018 The average cost of a data breach in South Africa in 2018 has increased 12.2% year-on-year to R36.5-million, from the R32-million reported in 2017, and the R28.6-million reported in 2016, a new study finds. The average number of breached records also increased 6.31% to 21 090, the IBM Security... 

Supply-chain blockchain can improve traceability, customer experience

By: Schalk Burger     3rd August 2018 Using a blockchain-based supply chain management system can significantly improve the transparency of supply chains, provide information for customers about quality and to trace product origins, as well as improving the agility and adaptability of supply chains, says information technology (IT)... 

Japan steelmakers shrug off US tariffs in earnings but warn on automobile duties

By: Reuters     2nd August 2018 Japanese steelmakers reported little fallout in their first-quarter earnings from the US import tariffs on steel, but they all voiced growing concerns over possible US duties on automobiles which could hurt a wide range of Japan's industries. US President Donald Trump ordered a national security... 

Concrete industry urged to stand together to lobby government

By: Marleny Arnoldi     1st August 2018 AfriSam sales and marketing executive Richard Tomes has urged the concrete industry to seriously consider consolidation and collaboration amid a tough operating environment. “Often the private sector is critical about government when we are confronted with the challenges of our industry; however,... 

CSIR, Gold Yard to scale up industrial development in Africa through partnership

By: Simone Liedtke     1st August 2018 The Council for Scientific and Industrial Research (CSIR) and Gold Yard International Exchange Service have signed an agreement to contribute to boosting industrial development on the African continent. Gold Yard represents the various provincial bureau of China State Administration of Foreign... 

Expropriation will advance economic development, increase food security – Ramaphosa

By: News24Wire      1st August 2018 President Cyril Ramaphosa announced that the ANC would propose an amendment of the Constitution to Parliament, outlining conditions for expropriation of land without compensation. His late-night announcement came following the political party's two-day national executive committee lekgotla, which... 

EIUG calls on Eskom to end impasse, resolve conflict

By: Simone Liedtke     1st August 2018 The Energy Intensive User Group (EIUG) of Southern Africa is concerned about the continuing industrial conflict at State-owned Eskom, it said in a statement on Wednesday. It called on the power utility and its unions to find a way to end the impasse, and to “show responsibility in respect of... 

A 'photo-finish' win with Rand-Air: lighting towers illuminate the Vodacom Durban July

31st July 2018 Rand-Air is extremely proud to have been selected to supply lighting for added visibility and security at this year's iconic Vodacom Durban July. The Durban July horse race is a celebration of fashion, lifestyle, and the best in marquee hospitality; as well as the most anticipated day on the... 

Tower Property’s vacancies decrease amid improving consumer, business sentiment

By: Simone Liedtke     31st July 2018 An improvement in South African consumer and business sentiment in early 2018 contributed to real estate investment trust (Reit) Tower Property Fund’s vacancies reducing to 5% at the end of its financial year to May 31, after having reached a high of 12% in January. However, in order to secure... 

Saboteurs behind train torching 'pretend to be commuters' – Cape Town transport head

By: News24Wire      30th July 2018 Alleged saboteurs believed to be behind the recent spate of train torchings all used the same method: they pretended to be commuters before setting the carriage alight as the train arrived in the station. This is according to mayoral committee member for transport and urban development Brett... 

Bombela sets Gautrain contingency plan in motion as strike goes ahead

By: Simone Liedtke     30th July 2018 Wage negotiations between Gautrain operator Bombela Operating Company (BOC) and trade union, the United National Transport Union (UNTU) have reached a deadlock and, owing to this, UNTU-affiliated workers have embarked on a “no work, no pay” strike from Monday. BOC offered an 8.5% increase in... 

Natural gas vital for S Africa’s energy security

By: Melissa Zisengwe     27th July 2018 The energy sector’s global and inclusive forum for engagement, the Energy Council, believes that South Africa’s Gas-to-Power programme is vital to ensuring energy security for the country. Consequently, the Energy Council regularly engages with the Department of Energy (DoE) to see how the... 

African countries are rapidly expanding their use of UAVs, but South Africa lags

By: Rebecca Campbell     27th July 2018 The number of applications for unmanned aerial vehicles (UAVs/unmanned aerial systems (UASes) in Africa was increasing rapidly, Council for Scientific and Industrial Research (CSIR) principal aeronautical engineer John Monk told the aviation session of the recent Southern African Transport... 

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