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China's Xi says no strings attached to funds for Africa

By: Reuters     3rd September 2018 Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment. Xi said at a business forum before the start... 

Beowulf preparing to initiate scoping study on Finland project

By: Creamer Media Reporter      31st August 2018 Aim-listed Beowulf Mining is pushing ahead with the Aitolampi graphite project and is meeting with key decision-makers in Heinävesi to discuss the Finland-based project, CEO Kurt Budge said on Friday. He stated that, although an imminent decision on its Kallak project, in neighbouring Sweden, had... 

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18

By: Simone Liedtke     31st August 2018 JSE-listed real estate investment trust (Reit) Hyprop continued to deliver strong growth in a tough economic environment, with a total dividend a share of 756.5c declared for the financial year to June 30. This growth was 8.8% higher than in the prior financial year, the company said on Friday. 

President Ramaphosa jetting off to China for State visit and multilateral summit

By: Rebecca Campbell     31st August 2018 South African President Cyril Ramaphosa departs for Beijing on Friday for both a State visit to China and to co-Chair the 2018 Forum on China-Africa Cooperation (FOCAC), which will take place immediately afterwards. The State visit will take place on September 2 and FOCAC will be held on... 

Long-serving Qhena to step down as IDC CEO on Dec 31

By: Marleny Arnoldi     31st August 2018 The Industrial Development Corporation (IDC) has started the search for a new CEO, following Geoffrey Qhena’s resignation. Qhena has agreed to stay on until December 31, to ensure a smooth transition.  

Bigen wins two Standard Bank Top Women Empowerment Awards

By: Creamer Media Reporter      31st August 2018 The Bigen Group, an innovative and solutions-focused infrastructure development group, earned two sought-after Standard Bank Top Women Awards. Bigen was named Top Gender Empowered Company in Infrastructure Development and CEO Anton Boshoff the Top Male Driving Gender Empowerment at the annual... 

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Reflecting on sugar customs duty increase

By: Riaan de Lange     31st August 2018 So, will the increase in the variable formula tariff (VFT) on sugar – or the 'honey without bees', as Alexander the Great called it – mitigate the harshness of international trade or be the saccharine protection that the Southern African Customs Union (Sacu) producers desire it to be? Growing up... 

R&D must be prioritised as Industry 4.0 disrupts

By: Jessica Oosthuizen     31st August 2018 Research and development (R&D) is crucial for the aviation industry and government should establish it as a national priority, says the Board of Airline Representatives of South Africa (Barsa) GM Ndiphiwe Ntuli. Barsa submitted its comments to the Department of Transport on the Revised White... 

IFS South Africa joins YES campaign

By: Natasha Odendaal     31st August 2018 Enterprise applications company IFS has become the latest company to join South Africa’s new Youth Employment Service (YES) initiative by sponsoring learnership programmes for 30 young, unemployed South Africans. The programme aligns with the government’s drive to reduce unemployment by creating... 

Graskop Gorge glass elevator project, South Africa

By: Sheila Barradas     31st August 2018 The Graskop Gorge Lift Centre was opened in July. 

The Rands and Cents of Sustainability

By: Creamer Media Reporter      30th August 2018 Green credentials have become a fashionable must-have for organisations in most industries, however, to effect real change, environmental policy needs to be far more than rhetoric, or indeed, a compliance exercise. It is a simple truth that robust and long-term sustainable practices translate... 

KZN Manufacturing Indaba 2018 Primes Manufacturers for Success

30th August 2018 Prime movers and participants of the nation’s manufacturing sector attended the Kwazulu Natal Manufacturing Indaba  in record numbers at the Durban International Convention Centre (ICC) on the 22 August 2018. The annual event assembled provincial manufacturers and businesses to explore growth... 

Aveng’s early bond redemption terms finalised, shareholder approval pending

By: Marleny Arnoldi     30th August 2018 JSE-listed construction group Aveng has finalised the terms of the early bond redemption, which is now subject to final shareholder and existing convertible bondholder approval. Aveng will repurchase R657-million of existing convertible bonds, including accrued interest, for R460-million – 70%... 

M&R reports positive FY18 results

By: Creamer Media Reporter      29th August 2018 Multinational engineering and construction group Murray & Roberts (M&R) on Wednesday reported a 56% year-on-year increase in diluted continuing headline earnings per share to 112c for the financial year ended June 30, compared with 72c in the prior financial year. R21,8 billion Revenue from... 

Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert  

By: Terence Creamer     29th August 2018 A leading electricity expert is warning that there is little or no prospect that Eskom can trade itself out of its current financial difficulties and that restructuring – including a vertical separation of its cash-guzzling generation assets from its transmission, system operator and distribution... 

Dawn to cut staff, costs amid economic pressures

By: Creamer Media Reporter      28th August 2018 JSE-listed Distribution and Warehousing Network (Dawn) will implement a large-scale cost reduction plan to position the company for recovery. It said on Tuesday that the plan will entail a significant cost reduction in terms of the company's head office, through a staff reduction and reduced... 

Mantashe to speak at Africa Down Under

By: Marleny Arnoldi     28th August 2018 Mineral Resources Minister Gwede Mantashe will lead a South African government delegation to the yearly Africa Down Under exhibition, which is being held in Perth, Australia, from August 29 to 31. Mantashe will also address delegates at the event and host the South African Mining Investment... 

China says projects not to blame for majority of Africa debt

By: Reuters     28th August 2018 Chinese development projects do not account for a majority of the debt on African countries, a senior Chinese official said on Tuesday ahead of a summit with African leaders in Beijing next week. China's "Belt and Road" initiative has been praised by supporters for providing vital financing to... 

Victoria sets exploration targets with new strategy

By: Esmarie Swanepoel     28th August 2018 The Victorian state government has launched a new mineral resources strategy to ensure continued growth in the resources sector. Resources Minister Tim Pallas on Tuesday launched the State of Discovery strategy, setting out targets of total exploration investment of A$220-million by June 2023... 

Agricultural organisations commit to developing national strategy

By: Simone Liedtke     27th August 2018 The presidents of the African Farmers Association of South Africa (Afasa), the National African Farmers Union of South Africa (Nafu SA), Agri SA and the Transvaal Agricultural Union of South Africa (Tau-SA), as members of the Agri Sector Unity Forum (Asuf), on Monday declared their intent to work... 

A family affair...

27th August 2018 Mrs Makume and her family of colleagues, celebrating the success of Boitshoko The Boitshoko company is as old as democracy in South Africa, which makes it one of the earlier black SMMEs. And it is still growing. It is also unusual because it was started by a husband-and-wife team, and now is a... 

Graskop Gorge Lift Centre to boost Mpumalanga tourism

By: Simone Liedtke     24th August 2018 Tourism Minister Derek Hanekom on Friday officially opened the Graskop Gorge Lift Centre, which features a viewing lift that travels 51 m down the face of the Graskop Gorge, located along the Panorama route, in Mpumalanga. The Panorama route is a popular tourist destination in the province,... 

thyssenkrupp Technical Apprenticeship Programme develops people for a sustainable future

24th August 2018 thyssenkrupp Technical Apprenticeship Programmes are successfully developing people to secure a sustainable future not only for the company, but also for southern African industry and the regions in which thyssenkrupp is operating. “We are very happy to contribute to the development of skills in... 

Plastic Pipes Body Plays Important Role In Trenchless Technology

24th August 2018 The development of trenchless technology to rehabilitate existing underground infrastructure with minimal disruption to surface traffic, business, and other activities has left a lasting impact on the construction and civil engineering industries.  As the name denotes, trenchless technology... 

More black farmers needed in a sustainable and orderly way – AgriSA  

By: African News Agency      24th August 2018 Farm group AgriSA says the solution to the country's heated land expropriation debate is to provide land for urban housing, industrialisation and farming, while more black farmers should be introduced in a sustainable and orderly way. AgriSA president Dan Kriek said the political solution was... 

Electromobility the future of transport infrastructure

By: Paige Müller     24th August 2018 On the back of introducing its all-electric Volvo FL and FE trucks, global manufacturing company Volvo Trucks aims to be the leading sustainable transport solutions provider globally. Sales and series production of the new Volvo FL and FE trucks – designed for urban distribution and refuse... 

Trawling for a cleaner environment

24th August 2018 An international study has revealed that South African Hake has a low environmental impact; this and the fact that South African Hake comes from a sustainable and well managed fishery, makes it a good choice over beef and many other forms of animal proteins. According to the study − published in... 

Andrea Gevers (Rademeyer)

24th August 2018 This week we profile Andrea Gevers Rademeyer, CEO of market research firm Ask Afrika   

African cacao-producing country starts making top-quality chocolate

By: Rebecca Campbell     24th August 2018 Cooperation between a South African and a British business has resulted in the establishment of the first ever chocolate factory in the West African island state of São Tomé e Príncipe. The enterprises are HBD Venture Capital (HBD standing for “Here Be Dragons”), an enterprise of South African... 

Green hydrogen and renewable ammonia value chain development, Australia

By: Sheila Barradas     24th August 2018 Hydrogen Utility plans to build a 30 MW electrolysis plant and a facility for sustainable ammonia production.  

Eskom begins stakeholder interactions on ‘Strategy 2035’ 

By: Terence Creamer     23rd August 2018 South Africa’s electricity utility Eskom has initiated a series of interactions with stakeholders as part of a review process designed to deliver a new long-term strategy, dubbed ‘Strategy 2035’, for the beleaguered organisation. The new leadership at the State-owned company, together with Public... 

Miners establish industry body to engage DRC govt on mining code, industry issues

By: Marleny Arnoldi     23rd August 2018 Mining companies active in the Democratic Republic of Congo (DRC) have established a new industry body, the Mining Promotion Initiative (MPI), to engage with government on industry concerns about the country’s new mining code and any other material issue concerning the mining industry in the DRC.... 

Empowered company offering bunkering services at Algoa Bay port

By: Marleny Arnoldi     23rd August 2018 Black, women-owned company South African Marine Fuels (SAMF) has started providing bunkering services in Algoa Bay, in the Eastern Cape, making the port a leading bunker and ship repair service provider to a wider market and the only licensed offshore bunkering operation in South Africa. SAMF... 

Cabinet approves gazetting of updated IRP for public comment 

By: Anine Kilian     23rd August 2018 Communications Minister Nomvula Mokonyane confirmed on Thursday that Cabinet has approved the publication of the updated Integrated Resources Plan (IRP) and that it will be gazetted for comment by no later than August 27. Briefing media on the outcomes of the Cabinet meeting held on Wednesday,... 

Gauteng rapid land release programme to be launched next week

By: Simone Liedtke     22nd August 2018 Gauteng Premier David Makhura will, on August 31, launch the province’s rapid land release programme, in which he plans to make provincial land and buildings available for the development of human settlements and for urban agriculture projects. Speaking at the Johannesburg Chamber of Commerce and... 

Michelin X® Multitm Hd D In Southern Africa

22nd August 2018 Michelin, the world’s leading tyre technology leader, today announced the availability of the MICHELIN X® MULTITM HD D in Southern Africa, an update to the immensely successful MICHELIN XDE2+. This tyre, designed for long haul, regional trucking on urban roads is another reflection of Michelin’s... 

Grindrod appoints Andrew Waller as CEO

By: Marleny Arnoldi     22nd August 2018 Following the unbundling of its shipping business into a separate entity, Grindrod has appointed Grindrod Freight Services CEO Andrew Waller as group CEO. Grindrod Shipping listed in the industrial-transportation services sector of the JSE on June 19 and on the Nasdaq on June 18, while Grindrod... 

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