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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... 

SABS gears up to restart partial testing in response to industry frustration

By: Terence Creamer     4th September 2018 The South African Bureau of Standards (SABS), which was placed under administration by Trade and Industry Minister Dr Rob Davies earlier this year, intends lifting its two-year moratorium on the partial testing of product conformance, also referred to as customer specific requirement testing. The... 

Atlas Copco expands its compressed air and nitrogen product ranges with innovative products

3rd September 2018 Atlas Copco Oil-free Air and Compressor Technique Service Divisions, leading providers of sustainable productivity solutions, held a global sales event between April, 16th and 19th 2018 with over 900 participants from 68 countries.  Several product innovations in compressed air and gases were... 

New-vehicle market drops by 2.5% in August, exports up 7.7%

By: Irma Venter     3rd September 2018 The South African new-vehicle market declined by 2.5% in August, to 47 964 units, compared with the same month last year. The newest sales numbers, released on Monday, indicate that August new-passenger car sales decreased by 2.2%, to reach 31 447 units. 

Investec Property to develop R2bn mixed-use precinct at Wanderers Golf Club

By: African News Agency      3rd September 2018 The Wanderers Golf Club has unveiled plans to develop a R2-billion 1 ha mixed-use precinct in Johannesburg's northern suburbs located in Illovo, between Sandton and Rosebank, in partnership with Investec Property. The proposed development will include high-end commercial office space, luxury... 

Inequality, poverty worsening as broader unemployment rate rises – Uasa

By: Marleny Arnoldi     3rd September 2018 Despite South Africa’s past goals and targets to find solutions to its unemployment crisis, such as the government’s plan to halve unemployment by 2014, the unemployment rate is not declining at all. Instead the number of unemployed people has increased from 6-million to 9.6-million between... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects

By: Reuters     3rd September 2018 Chinese President Xi Jinping offered another $60-billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10-billion over the next three years, but he also warned against "vanity projects". Speaking at the opening of a major summit with... 

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 Iannucci     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... 

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