R/€ = 16.07 Change: 0.02
R/$ = 13.65 Change: 0.02
Au 1280.70 $/oz Change: -0.10
Pt 923.50 $/oz Change: 0.00


Flights are going to get a lot more bumpy, says new research

By: Irma Venter     20th October 2017 Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

Bauma CONEXPO AFRICA: numerous industry leaders on board

By: Creamer Media Reporter      20th October 2017 The economic comeback of Sub-Sahara and positive market opportunities in South Africa are reflected in the number of companies that have already signed up for the upcoming bauma CONEXPO AFRICA. The third international trade fair for construction machinery, building material machines, mining... 

New security solution effective for African banks

By: Robyn Wilkinson     20th October 2017 Technology solutions providers Mint Management Technologies and Microsoft are finalising the first version of an anti-money-laundering (AML) solution to help protect African financial institutions from illegal activities without enforcing cumbersome administration processes on clients. 

Hydraulics company expands Middle Eastern presence

     20th October 2017 UK-based hydraulic tools designer, manufacturer and supplier Hi-Force has opened a new office in the Khalidia area of Dammam, Saudi Arabia. According to a statement released by Hi-Force last month, the new facility will stock a range of Hi-Force products that provides the market with the fastest... 

CSIR is looking to transform how infrastructure is built in South Africa

By: Keith Campbell     20th October 2017 The Council for Scientific and Industrial Research (CSIR) continues to research innovations and initiatives to transform the local construction industry. This was reported by CSIR Principal Researcher Llewellyn van Wyk at the recent 6th CSIR Conference in Pretoria.  

St Helena Airport development

By: Sheila Barradas     20th October 2017 St Helena has welcomed its first commercial flight. 

Edradour & Glenlivet gas and condensate fields, Scotland

By: Sheila Barradas     20th October 2017 The Edradour and Glenlivet development plans to bring additional production capacity of up to 56 000 bbl/d of oil equivalent to Scotland. 

BHP's chairperson holds first annual meeting, plans to review board

By: Bloomberg     19th October 2017 In  Ken MacKenzie’s first annual shareholder meeting at BHP Billiton, he emphasised that while the company will listen to investors, it is the board that makes decisions. For most companies, that’s a pretty unremarkable statement, but it carries extra weight at BHP, which is under pressure by... 

4Sight lists on AltX

By: Schalk Burger     19th October 2017 The first pure technology company to list on the JSE’s AltX in 18 years, technology decision support group 4Sight, has artificial intelligence, machine learning, Internet of Things and big data technology capabilities, which are reshaping business and individual lives worldwide, 4Sight CEO... 

FBI opens investigation into South Africa's Guptas – FT

By: Reuters     19th October 2017 The FBI has opened an investigation into US links to South Africa's Guptas, escalating a scandal over the family's alleged use of a friendship with President Jacob Zuma to control state businesses, the Financial Times said on Thursday. Separately, Britain's banking regulator, the Financial... 

Moz coal assets come back to haunt former Rio Tinto CEO, CFO

By: Esmarie Swanepoel     18th October 2017 The US Securities and Exchange Commission (SEC) has laid charges of fraud against diversified miner Rio Tinto and its former CEO Tom Albanese and CFO Guy Elliott. The SEC in a statement this week said that the company and the former two executives had inflated the value of Mozambique coal... 

Brexit takes bureaucracy to the atomic level for UK industry

By: Bloomberg     17th October 2017 To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the UK’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a... 

Building Energy celebrates start of production at Uganda solar PV plant

By: Anine Kilian     16th October 2017 Independent power producer Building Energy recently inaugurated the 10 MW Tororo solar plant – its first photovoltaic (PV) system in Uganda and one of the largest solar PV plants in Eastern Africa. Building Energy was responsible for the development of the project, arranging the financing, as... 

London's gold crown slips on MiFID with New York poised to catch

By: Bloomberg     16th October 2017 London is losing its Midas touch. New rules from regulators, on top of uncertainties over the UK’s future relationship with the European Union, are denting the city’s position as the biggest center for gold trading in the world. The changes threaten to push up costs, a key competitive advantage... 

UK antitrust regulator investigates South Africa's Aspen Pharmacare

By: Reuters     16th October 2017 Britain's competition regulator has launched an investigation into Africa's biggest generic drug maker Aspen Pharmacare over alleged anticompetitive conduct in the supply of blood pressure and arthritis drugs, Aspen said on Friday. "The investigation is at an early, information-gathering stage... 

Tears and joy on Britain’s St. Helena as 'world's most useless airport' finally opens

By: Reuters     16th October 2017 One of humanity’s most isolated outposts joined the 21st century on Saturday when the British island of St. Helena, home to "the world's most useless airport", welcomed its first commercial flight. As the inaugural plane from Johannesburg touched down on the forbidding volcanic outcrop in the... 

Robin Partington & Partners Implements Federated BIM Workflow to Design Westminster Borough’s Iconic Tower

     13th October 2017 The GPB 500 million Merchant Square development brings together four buildings and their unique setting as one coherent piece of urban infrastructure in the heart of Paddington, London, United Kingdom. In order to transform the area into a landmark destination, European Land and Property... 

BMW SA invests another R160m in Rosslyn plant

By: Irma Venter     13th October 2017 BMW Group South Africa (BMW SA) has invested an additional R160-million in its Rosslyn manufacturing facility, outside Pretoria, to enhance production line speed. This investment raises the maximum production capacity at the plant by almost 10%, from 71 000 units to 76 000 units a year, ensuring... 

Bloodhound supersonic car project, Uk and South Africa

By: Sheila Barradas     13th October 2017 The Bloodhound will, most likely, not travel from the UK to South Africa’s Hakspeenpan in 2018 to attempt a new world land-speed record of 1 600 km/h. 

Equites’ logistics focus proves resilient in H1

By: Mia Breytenbach     12th October 2017 JSE-listed specialist logistics property developer and landlord Equites Property Fund’s distributions a share for the six months to August 31, increased by 12.02% year-on-year to 60.98c, which is at the upper end of the company’s guidance of 10% to 12% distribution growth for the 2018 financial... 

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

Cost, currency pressures to weigh marginally on Mondi’s FY results

By: Schalk Burger     11th October 2017 Continuing cost pressures and negative currency impacts affecting packaging and paper multinational Mondi are expected to result in an underlying performance for the full year modestly below market expectations, despite expectations of a strong final quarter supported by generally higher average... 

Meridian reports record Q3 output, sales; new offtake accord

By: Henry Lazenby     11th October 2017 Manganese miner Meridian Mining has reported new record production and sales at its flagship Espigão project, in Rondônia, Brazil. London, UK-based Meridian achieved production of 18 488 t in the third quarter ended September 30, compared with 13 445 t in the comparable period a year earlier – a... 

Thyssenkrupp and Tata Steel plan to create powerful new No. 2 in European steel market

     10th October 2017 Memorandum of understanding signed to combine European steel activities in 50/50 joint venture Positioning as strong quality and technology leader Annual synergies of €400 million to €600 million expected Signing of agreement targeted for early 2018 and closing by 2018 year-end thyssenkrupp and... 

Elliott tours BHP investors in renewed push for radical shake-up – sources

By: Reuters     10th October 2017 Activist investor Elliott has embarked on an international tour of BHP Billiton's biggest shareholders as it presses ahead with its campaign to force a radical shake-up of the FTSE 100 mining giant, sources familiar with the matter told Reuters. Representatives from Elliott have in the last month... 

Routine mechanical maintenance emphasised as preventive measure

     6th October 2017 UK-based pump supplier SPP Pumps has emphasised the importance of routine mechanical maintenance, among other preventive measures, to improve pump reliability. SPP Pumps’ products comply with mandatory UK and European regulations and approvals, which guarantee extensive testing of all pumps. 

Public education needed to counter antinuclear drive

By: Kelvin Kemm     6th October 2017 I recently spent a week in London, attending the World Nuclear Association (WNA) yearly symposium. I stayed on the bank of the Thames, about a kilometre from the conference venue and less than a kilometre from the Houses of Parliament.  So, each day, I walked to the conference venue. I was lucky... 

UK unveils post-Brexit bilateral commitment to South Africa

By: Keith Campbell     6th October 2017 British International Trade Secretary (equivalent to Minister in South Africa) Dr Liam Fox announced on his recent visit to South Africa that his country’s export credit agency, UK Export Finance, has increased the funds available to South African enterprises buying British goods and to British... 

Shell mulls adding EV charging points to forecourts in several countries

By: Irma Venter     6th October 2017 Energy giant Shell is exploring the possibility of adding electric vehicle charging points to its forecourts in a number of countries. The Shell brand is traditionally associated with fuel, engine oils and lubricants and service stations in South Africa. 

Vinyl acetate monomer plant, UK/Germany/Belgium

By: Sheila Barradas     6th October 2017 INEOS Oxide plans to build a 300 000 t vinyl acetate plant. 

Better air flow, increased efficiency: why pneumatic systems should be optimised

     5th October 2017 Hermann Störk, European Product Manager for Air Preparation, Parker Hannifin, Pneumatic Division Europe In the 21st century, we find pneumatics everywhere in manufacturing as one of the most universally adopted utilities. Compressed air is used in everything from cooling to controlling automated... 

UK car sales set for first annual decline since 2011 after September slump

By: Reuters     5th October 2017 British new car registrations on Thursday appeared on course for their first annual fall since 2011 after a 9.3% tumble in September, a month which normally accounts for around 15% of demand. Sales were hurt by business and political uncertainty as Britain prepares to leave the EU and confusion... 

Vodacom followed due process in bidding for govt contract – CEO

By: Reuters     5th October 2017 South Africa's mobile operator Vodacom Group followed due process in bidding for a contract to provide mobile services to the government, its chief executive Shameel Joosub said on Wednesday. The Competition Commission said earlier on Wednesday it had started investigating Vodacom, the unit of... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform 

By: Henry Lazenby     4th October 2017 A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities – cutting out the often costly middle man. “We are reinventing the industry,” Open Mineral Exchange (OME) COO... 

Britain says energy price cap to be temporary, set by regulator

By: Reuters     4th October 2017 Britain said on Wednesday it would apply a temporary price cap to all standard variable tariffs in the energy market - the basic and most common form of billing - in a bid to drive down prices. The price cap, announced by Prime Minister Theresa May at the annual Conservative Party conference,... 

Bloodhound land-speed record attempt plagued by funding issues

By: Irma Venter     4th October 2017 The Bloodhound supersonic car (SSC) will, most likely, not travel from the UK to South Africa’s Hakspeenpan in 2018 to attempt a new world land-speed record of 1 600 km/h. The current land-speed record, set 20 years ago, is 1 228 km/h. 

CEOs plan investments in Africa in medium term amid all-time confidence lows

By: Mia Breytenbach     3rd October 2017 A third of CEOs plan to invest in Africa in the medium term, despite confidence in South Africa being at all-time lows. This is according to the quarterly Merchantec Confidence Index, released on Tuesday. 

Electricity industry approaching ‘breaking point’, City Power warns 

By: Terence Creamer     3rd October 2017 Johannesburg’s electricity utility City Power is warning that the current structure of South Africa’s electricity sector is unsustainable and that, in the absence of a coherent national policy, the sector is approaching “breaking point”. Demand- and supply-side manager Paul Vermeulen says that... 

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