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Infrastructure Africa 2018 to Highlight Opportunities for Stakeholders in Zimbabwe Infrastructure Development Sector

By: Creamer Media Reporter      21st September 2018 The Infrastructure Africa event of 2018 is expected to assemble 350 infrastructure business leaders and investors who are planning to revolutionise the future of the African infrastructure development landscape. The conference will host a Zimbabwean Ministerial and private sector panel to unpack... 

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

By: Reuters     21st September 2018 International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons. In August the South African company said is was finalising an agreement to sell that business to an... 

US sanctions driving Russian billionaires into Putin’s arms

By: Bloomberg     21st September 2018 The Trump administration is helping Vladimir Putin achieve a goal that’s eluded him for almost two decades—getting Russia’s billionaires to start repatriating some of their assets. Relatively muted sanctions imposed during the Obama era over the conflict in Ukraine have only widened in scope and... 

The industrialisation debate in SA – what are the lessons?

By: Saliem Fakir     21st September 2018 Manufacturing has been in slow decline in the past decade or so. The sector has always been treated as a useful link between mining and higher-value beneficiation. Light and heavy industrialisation were, and in some respects still are, at the core of South Africa's industrial base. Before the... 

Rational fire design solutions championed

21st September 2018 It is imperative for buildings to be designed to allow for safe escape and the control of fire and smoke, as a minor design flaw could potentially put people, equipment and property at risk. For example, inhaling five breaths in a smoke filled room can lead to death. 

Greater demand for transparency needed in African real estate industry

By: Simone Liedtke     20th September 2018 There is a growing acknowledgement of the central role that a transparent real estate sector plays in providing healthy, productive and competitive environments for communities and businesses, investment management company JLL global research head Jeremy Kelly said on Thursday. Market... 

Martin Engineering Vibrators Go Pink For Breast Cancer Awareness Month

19th September 2018 Following the success of its 2017 campaign, the global leader in bulk material handling technologies is repeating its Cougar Cares fundraising program for National Breast Cancer Awareness Month in October.  Manufacturing a limited-edition series of Cougar® brand DC truck vibrators painted in the... 

Metminco buys Solomon Islands nickel project, to delist from Aim

By: Mariaan Webb     19th September 2018 Share trading in Metminco resumed on the ASX on Wednesday as the miner announced the acquisition of the Jejevo nickel project, in the Solomon Islands, giving it exposure to the nickel market at a time of rising demand from the battery market. Metminco will buy Sunshine Metals in a scrip... 

UK tax authority confirms Erris Resources EIS status

By: Marleny Arnoldi     18th September 2018 Aim-listed Erris Resources’ enterprise investment scheme (EIS) status has been confirmed by the UK tax authority. The EIS is a series of UK tax reliefs launched in 1994 in succession to the business expansion scheme. It is designed to encourage investments in small unquoted companies carrying on... 

Cronin lifts veil on new draft expropriation law

By: News24Wire      18th September 2018 A new expropriation bill, set to be tabled in Parliament in the next two months, will set out a clear procedure for land expropriation without compensation and ensure it is an “administratively just process”, according to Deputy Minister of Public Works Jeremy Cronin.  Earlier this month a draft... 

Jaguar Land Rover to cut output at UK car plant after warnings on Brexit, diesel

By: Reuters     17th September 2018 Britain's biggest carmaker Jaguar Land Rover said it will go down to a three-day week at its Castle Bromwich plant in central England just days after its boss warned about the impact of Brexit and diesel policy. The Castle Bromwich facility will operate a three-day week from October until the... 

Zwane issued ultimatum to bank on closing Gupta accounts, inquiry hears

By: African News Agency      17th September 2018 In trying to force Standard Bank to reverse its decision to close Gupta-linked business accounts, former mineral resources minister Mosebenzi Zwane reminded the bank executives that the South African government was in charge of issuing banking licenses and could change banking laws anytime.... 

Exlabesa group commissions SMS group to supply two lightmetal extrusion presses

By: Creamer Media Reporter      17th September 2018 Exlabesa has awarded SMS group (www.sms-group.com) the contract to supply two 35 MN extrusion presses. The extrusion presses are to be installed at the production locations in Doncaster, UK, and in Minden, Germany. Each extrusion press is planned to bedesigned for a production capacity of around... 

Spain's nuclear watchdog requests more info on Berkeley uranium mine

By: Reuters     14th September 2018 Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday. The project, which would become the European Union's only open-cast... 

Congo Mines Minister sees strategic-metals decision 'very soon'

By: Bloomberg     14th September 2018 The Democratic Republic of Congo’s government will soon announce which minerals are to be designated “strategic” and subject to a 10% royalty rate, the mines minister said. Congo’s updated mining code, signed by President Joseph Kabila in March and applied since regulations were finalized in... 

Thermaspray rolls out Laser Engraving Technology, boosting its comprehensive product portfolio

14th September 2018 The recent introduction of laser engraving technology boosts Thermaspray’s comprehensive range of services and gives the coating technology specialist the capability to offer a complete end-to-end solution to the printing and packaging industry.  The company is a market leader in the... 

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... 

Satellite operator launches South Africa-based operations

By: Natasha Odendaal     14th September 2018 Satellite operator Avanti Communications Group has officially launched its South Africa-based operations as it continues a corporate revamp and continued investment and focus in Africa. “The announcement is underpinned by Avanti’s continued commitment to investing in Africa through a direct local... 

Oxford’s African Studies Centre to inaugurate International Advisory Board in Oct

By: Marleny Arnoldi     12th September 2018 Oxford University’s African Studies Centre will inaugurate its International Advisory Board (IAB) on October 12, which is set to establish stronger ties with African governments, as well as leaders in business, finance, diplomacy and the arts. Supermarket chain Pick n Pay chairperson Gareth... 

Ramaphosa wants smart, connected cities, says sci-tech minister

By: African News Agency      11th September 2018 Cities that are digitally connected and ready to benefit from and contribute to the Internet of Things (IoT) are a priority for President Cyril Ramaphosa and the South African government. This is according to Minister of Science and Technology Mmamoloko Kubayi-Ngubane, who made the remarks on... 

Davies to attend G20 meeting

By: African News Agency      11th September 2018 South Africa's trade and industry minister Rob Davies will attend a meeting with peers from the G20 global grouping in Argentina set to focus on the agriculture sector, his department said on Tuesday. The G20 or Group of Twenty is an international forum for the governments of Argentina,... 

South African M&A activity declined in H1 – Baker McKenzie

By: Marleny Arnoldi     10th September 2018 Analysis by law firm Baker McKenzie of Thomson Reuters’ data finds that merger and acquisition activity in South Africa declined, in terms of the volume and value of domestic and cross-border deals, in the first half of this year. Transactions fell by 44% and volume and value fell by 52%,... 

Stor-Age to acquire self-storage properties in major cities for R58m

By: Marleny Arnoldi     10th September 2018 JSE-listed real estate investment trust Stor-Age has entered into agreements to acquire Roeland Street Investments 2 (RSI2) and Roeland Street Investments 3 (RSI3), for R58-million. RSI2 is being sold by Acucap Investments – a subsidiary of Growthpoint Properties, Stor-Age Property Holdings... 

Potanin returns 2% in Norilsk Nickel to Abramovich -sources

By: Reuters     10th September 2018 Russian billionaire Vladimir Potanin has returned a 2% stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in a holding which manages Potanin's assets and a source familiar with the matter. The original sale of the stake was disputed in a London court by aluminium... 

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Significant growth expected in flame arrestor market

7th September 2018 The global flame arrestors market is estimated to be $713.8-million in 2018 and is projected to reach $924.7-million by 2023, at a compound annual growth rate of 5.31%, according to research company Research and Markets. In their report titled ‘Flame Arrestors Market by Type (In-Line and... 

Philip Lloyd – a passionate educator and energy thought leader

By: Schalk Burger     7th September 2018 Cape Peninsula University of Technology (CPUT) Energy Institute researcher, South African Academy of Engineering (SAAE) Fellow, energy expert and passionate educator professor Philip Lloyd passed away last month. He championed the role of science and how one needs to learn the language of... 

SAAF Museum Spitfire fighter project at ‘critical point’

By: Rebecca Campbell     7th September 2018 The South African Air Force (SAAF) Museum project to rebuild, into flying condition, one of only two Supermarine Spitfires in South Africa has reached a critical point, requiring significant investment to be able to effectively proceed. The Spitfire is a Mark IXe, built in May 1945 and delivered... 

Vesconite

7th September 2018 Self-lubricated polymer bearings and bushes manufacturer VescoPlastics welcomes visitors to its stand (Hall 6 Stand C23) at Electra Mining Africa, which will be held at Nasrec, Johannesburg, from September 10 to 14. VescoPlastics caters for most bearing and wear-plate-bearing requirements of the... 

ENRC wins UK appeal in attorney-client privilege case

By: Bloomberg     6th September 2018 A UK appeals court on Wednesday overturned a decision forcing a Kazakh mining company to hand over documents to prosecutors who are investigating the firm for corruption, marking a decisive victory for law firms helping firms manage fraud and bribery cases. The ruling means that Eurasian Natural... 

South Africa’s rating under threat as economy enters recession

By: Marleny Arnoldi     5th September 2018 South Africa’s slide into a technical recession in the second quarter is a timely warning and reminder for the country to get its economy in order, failing which it will lose its only investment grade rating, says Business Unity South Africa CEO Tanya Cohen. Moody’s Investors Service said in... 

African rail industry urged to adopt concepts of Fourth Industrial Revolution

By: Nadine James     4th September 2018 The African rail industry must adopt the concepts and develop the technologies of the Fourth Industrial Revolution to facilitate, and realise, the industrialisation aspirations of the continent, delegates attending a South African Heavy Haul Association (SAHHA) technical workshop, on Tuesday,... 

Distressed SA market to be offset by UK acquisitions, says WBHO

By: Irma Venter     4th September 2018 A South African construction company that still makes a profit is a rare sight these days, yet Wilson Bailey Holmes-Ovcon (WBHO) this financial year yet again managed to buck the depressing trend of failing domestic construction companies, owing largely to gains made in geographies outside South... 

Bidvest lifts FY18 HEPS despite volatile market

By: Simone Liedtke     3rd September 2018 JSE-listed services, trading and distribution company Bidvest on Monday declared a final dividend of 301c a share, bringing the total dividend for the financial year ended June 30 to 556c, amid a volatile market, which the company said was characterised by weak economic growth and consumer spend,... 

Safaricom faces $4.5m fine for failing to connect small firms

By: Reuters     3rd September 2018 Kenya's biggest telecoms operator Safaricom faces a fine of around $4.5-million for failing to connect calls made to smaller firms, according to company and regulatory documents reviewed by Reuters. The Communications Authority of Kenya (CA) has imposed a fine on Safaricom, part-owned by South... 

What advice would you give your younger self? SMEC’s women in engineering reflect on their career journeys

By: Creamer Media Reporter      3rd September 2018 Reflecting on Women’s Month in South Africa, SMEC South Africa celebrates their very own women in engineering - inspiring females who are not only transforming our built environment but leading the way for the next generation of female engineers. These women and many more like them in South... 

Kate Mollett

31st August 2018 This week we profile Kate Mollett, regional manager: Africa South territory, at Veeam.   

IMF supports South African land reform provided it's 'rules based'

By: Reuters     30th August 2018 The International Monetary Fund (IMF) gave its full backing to South Africa's land reform plan on Thursday, as long as the highly contentious process is transparent and based on the constitution. The Fund's senior resident representative in South Africa Montfort Mlachila told Reuters that the... 

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