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PIC foresees great opportunity in investing in early stage tech-driven companies

By: Kim Cloete 14th September 2018 The Public Investment Corporation (PIC) has outlined its vision for its recently launched R2-billion fund aimed at early-stage tech-driven companies. PIC executive head of research Sholto Dolamo told a Frost & Sullivan CEO Think Tank, in Cape Town, that the PIC was venturing beyond its... →

Tailored road-freight solutions for SA’s strategic steel industry

By: Creamer Media Reporter 14th September 2018 Cargo Carriers, the Johannesburg Stock Exchange-listed supply-chain solutions specialist, remains committed to providing a cutting-edge road-logistics solution to the South African steel manufacturing industry. About 190 000 South Africans earn their livelihood in the steel value chain, spanning... →

Multistakeholder initiative to see the development of an agri-industrial hub in Gauteng

By: Natasha Odendaal 14th September 2018 A multistakeholder initiative will see the development of prototype large-scale agriculture and bio-energy agri-industrial hub on 30 000 ha of land across the Merafong City local municipality and Rand West local municipality, in the greater West Rand district. This follows the signing of a... →

Growing demand for synthetics not a threat to natural diamonds

By: Nadine James 14th September 2018 Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky. While the laboratory-grown diamond jewellery market is forecast to grow to about... →

Renewable-energy guide offers insight into maturing African markets

By: Schalk Burger 14th September 2018 Global law firm DLA Piper has characterised the regulatory environments for renewable-energy projects in 12 African countries in response to developing markets on the continent, says DLA Piper Global co-chair of energy sector Natasha Luther-Jones. Renewable energy projects are becoming... →

Humanoid robot Sophia showcased in SA

By: Natasha Odendaal 14th September 2018 Stepping onto South Africa’s shores for the first time, the world’s most advanced human-like interactive robot, Sophia, made her debut during an interactive conversation on stage at the SAPNow conference, held in Johannesburg in August. The three-year-old humanoid robot, the brainchild of Hong... →

Chairman of Futureproof, S’onqoba Maseko on instilling new ways to accelerate our youths

By: Creamer Media Reporter 13th September 2018 In the near future, traditional employment opportunities will no longer exist. SA needs to prepare our children for the fourth industrial revolution, now. Futureproof is proud to introduce the chairman of our board, S’onqoba Maseko. S’onqoba received her Honours Degree from Wits University and is... →

Strong new collaboration with governments of South Africa, Zimbabwe – Implats

By: Martin Creamer 13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... →

The balancing act of packaging design and product information

By: Creamer Media Reporter 13th September 2018 Unlike the seasonal fashion designs for clothing, packaging design trends seem to stick around for some time. However, as we rapidly approach the end of 2018, there are some that are no longer finding traction on retail shelves. Clutter is out, simplicity is in →

Local mining services company owners win Entrepreneur of the Year accolade

By: Marleny Arnoldi 13th September 2018 Mining engineer Samuel Molefi and his entrepreneurial wife and business partner Motlapele Molefi have won the Entrepreneur of the Year award – a premier entrepreneurial platform sponsored by Sanlam and Business Partners every year. Samuel and Motlapele are founders and owners of Modi Mining, a... →

New Nema regulations hold advantages, disadvantages for mining industry – law firm

By: Marleny Arnoldi 13th September 2018 The mining industry is under constant pressure to demonstrate continued commitment to responsible environmental management and to the concept of sustainable development. There are currently several pieces of environmental legislation being updated or coming to the fore, which the industry will be... →

Rand-Air remains sustainable and ahead of the curve with ‘positively disruptive’ business ethos

By: Creamer Media Reporter 13th September 2018 The local market leader in portable air compressors and generator rental, Rand-Air, was established 45 years ago – long before the concept of so-called ‘positive disruption’ became a trendy topic of wider business discussion in MBA classes around the country and internationally. However, in many... →

Zest WEG Group achieves Level 1 BBBEE status

By: Simone Liedtke 12th September 2018 Motors and controls manufacturer WEG’s subsidiary, Zest WEG Group, on Wednesday announced that it has achieved Level 1 status under the Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice. The achievement follows just over a year after Zest WEG reached Level 2 status, in... →

Establishing and maintaining a sustainable transformation journey

By: Creamer Media Reporter 12th September 2018 SMEC South Africa is a multidisciplinary engineering consulting and infrastructure advisory firm that has been delivering outstanding infrastructure solutions for over 70 years. As a progressive company that delivers engineering excellence, design innovation and advisory services to clients in... →

Clover’s FY18 earnings rise despite challenging trading conditions

By: Marleny Arnoldi 12th September 2018 JSE-listed food and beverage group Clover Industries returned the business to historical profitability levels in the financial year ended June 30, declaring a final gross cash dividend of R92.9-million, or 48.6c apiece. The company reported normalised headline earnings of R394-million, which... →

Delivering healthcare that is right for Africa, WSP

12th September 2018 Eliminating barriers and ultimately increasing access to quality health services, for all, is a key pillar that requires significant focus if the aspirations laid out in the Agenda 2063 are to be achieved. It is also crucial if a prosperous future of inclusive and sustainable growth, where all... →

Parliament to debate recession, fuel price hikes

By: News24Wire 12th September 2018 Parliament will debate record fuel prices and ideas for economic revival on Wednesday afternoon. Last week Stats SA announced that SA had slipped into a technical recession - defined as two successive quarters of negative economic growth - for the first time since 2009. →

Simmering Alcoa labour dispute morphed into 'clash of the titans'

By: Bloomberg 12th September 2018 Workers of the Alcoa-controlled Becancour smelter in Quebec stand guard under umbrellas outside the gates. Whenever a vehicle approaches, a pair scurries to take down the driver’s details and make sure there’s no scab laborer in disguise. The ritual, witnessed on a rainy August morning, has... →

Failure not an option at DCT berth deepening project, says TNPA

By: Shirley le Guern 11th September 2018 Transnet’s R7-billion megaproject to create deeper berths at the Durban Container Terminal (DCT) Pier 2’s North Quay will create some disruption and require close collaboration. However, given that this is the first project to be funded by the Brazil, Russia, India, China and South Africa's New... →

WorleyParsons provides design support for revolutionary wind power technology

11th September 2018 As an organisation that focuses on finding solutions to the world’s changing resources and energy challenges, WorleyParsons continuously seeks to develop and encourage innovative ideas, refine those ideas and take them to market. With the drive towards renewable energy gaining pace, the project... →

Aveng shareholders vote in favour of 14bn shares issue to pay off debt

By: Marleny Arnoldi 10th September 2018 Construction group Aveng’s shareholders on Monday voted in favour of the resolutions that will give effect to the specific issue of 14.5-billion Aveng ordinary shares. These shares will be issued to the company’s existing bondholders as part of a process that will see the early redemption of... →

10X-e partners with Alphacode to accelerate five top companies in South Africa

10th September 2018 South African Scale Up specialists, 10X-e, will partner with SA’s premier fintech incubator subsidiary of RMI, Alphacode to support SA’s top Fintech’s on their path to scale This collaboration will initially see five of SA’s highest-profile fintech companies investing two years scaling up using... →

Solidarity CE writes open letter to Sasol directors amid ongoing strike

By: Marleny Arnoldi 10th September 2018 Solidarity CE Dr Dirk Hermann has written an open letter to two Sasol directors, on the eve of the union’s lawsuit to seek approval for a Section 77 application at the High Court, which will enable all the union’s members nationwide to strike along with those members employed at Sasol, who have... →

New impulses for the aluminum industry

10th September 2018 SMS group presents digitalization-driven potentials at the leading trade fair for the aluminum industry held in Düsseldorf During the “ALUMINIUM 2018” trade fair, from 9 – 11 October 2018, Düsseldorf, will once again be in the limelight of the global aluminum industry. SMS group is going to... →

VAST Networks engineers the smartest, wireless dumb pipe

10th September 2018 Technology aimed at pro-actively and cost-effectively addressing the lack of mobile spectrum Aimed at addressing South Africa’s spectrum shortage challenges and facilitating access to affordable connectivity, VAST Networks (VAST) - Africa’s largest public Wi-Fi provider - has developed the... →

South Africa may miss tax take target, says finance minister

By: Reuters 10th September 2018 South Africa's tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on Monday. The country entered recession in the second quarter for the first time since 2009. →

Internships Can Make A Dent In South Africa’s Unemployment Rate, Says Otel

7th September 2018 Internships are effective public private sector partnerships that have the potential to make a huge dent in South Africa's youth unemployment which is currently at 38.2%, according to Stats SA. That's according to Independent telecoms firm Otel Communications which believes government can lead... →

Plastics SA launches clean-up day, drive to reduce ocean waste

By: Schalk Burger 7th September 2018 Industry body Plastics South Africa (SA) has partnered with Estonian clean-up civic movement Let’s Do It! Africa for the World Cleanup Day on September 15. Plastics SA will provide resources and coordinate the activities as part of the Cleanup and Recycle SA week from September 10 to 15. Last... →

Sophia comes to South Africa

By: Martin Zhuwakinyu 7th September 2018 Sophia the Saudi Arabian. Rings a bell? If it doesn’t, a clue: she was the subject of a recent instalment of this column and has the rare distinction of not having been born of flesh and blood. She came to our shores last week and wowed attendees at the SAP Now conference, in Johannesburg, where... →

Blockchain for enterprise cloud platform to raise transaction trust

By: Schalk Burger 7th September 2018 Cloud technology multinational Oracle’s Blockchain Cloud Service provides a development platform for enterprises and State organisations to build their own scalable and low-cost blockchain networks, says Oracle cloud platform business development director and Europe, Middle East and Africa... →

Coal-transition support should aid workers and communities, not Eskom – report

By: Terence Creamer 6th September 2018 A new report into South Africa’s coal sector argues that any subsidies set aside for the country’s “inevitable” transition away from coal in electricity production should be tailored to protect workers, their dependants and communities, rather than Eskom, or the coal sector as a whole. Published... →

Lynas reports first profits

By: Esmarie Iannucci 6th September 2018 Rare earths miner Lynas has reported its first net profits after tax for the full year ended June, while earnings before interest, tax, depreciation and amortization (Ebitda) also increased significantly. Net profit after tax for the financial year reached A$53.1-million, compared with a loss of... →

Northern Territory’s 5-point plan to build a gas industry

By: Esmarie Iannucci 6th September 2018 The Northern Territory government has revealed a five-point gas strategy to drive its vision of creating a world-class hub for gas production, manufacturing and services, by 2030. The strategy will be aimed at getting more liquefied natural gas (LNG) in Darwin, and expand the Darwin LNG export... →

Qld seeks public input on A$1bn coking coal mine

By: Esmarie Iannucci 6th September 2018 The Queensland government has called for public comment on the proposed A$1-billion Olive Downs coal mine, releasing its draft environmental impact statement (EIS). Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said on Thursday that the proposed project... →

ANC calls for immediate stimulus package as economy dips into recession

By: News24Wire 5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009. In a statement on Wednesday, the party’s subcommittee on economic... →

Appea blasts South Australian decision

By: Esmarie Iannucci 5th September 2018 The Australian Petroleum Production and Exploration Association (Appea) has condemned the South Australian government’s decision to support a bill to legislate a decade-long moratorium on hydraulic fracturing (fracking) in the state’s Limestone Coast region. “It is disappointing to see the state... →

Fairvest maintains solid results for FY18

By: Simone Liedtke 4th September 2018 South African real estate investment trust Fairvest Property on Tuesday announced solid results for the year ended June 30, with annual distributions increasing by just over 9.9% to 20.15c a share. Fairvest continues to deliver sector-beating growth in distributions, while advancing the portfolio... →

Lab-made diamonds for less: Why De Beers's plan worries rivals

By: Bloomberg 4th September 2018 De Beers hasn’t even opened its first synthetic diamond store, but its looming entry into the market for man-made gems has already shaken the industry. The unit of Anglo American said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals... →

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