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Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

South Africa spends too much time on populism, Kganyago says

By: Bloomberg     30th October 2018 South Africa spends too much time debating populist issues such as the proposed nationalisation of the central bank, instead of focusing on steps to boost the economy, Reserve Bank Governor Lesetja Kganyago said. “We have spent too much of the year indulging in populism instead of making... 

enX records increased Ebit, undertakes key investment

By: Tasneem Bulbulia     29th October 2018 Diversified industrial group enX achieved an increase in adjusted earnings before interest and taxes (Ebit) to R815-million for the financial year ended August 31, compared with an Ebit of R736-million in the prior financial year. enX has three business segments – enX Industrial Equipment (EIE),... 

Famous Brands posts H1 organic growth, despite pressure on some business segments 

By: Marleny Arnoldi     29th October 2018 JSE-listed franchiser Famous Brands on Monday reported strong organic growth by its brands in the South Africa and Africa and Middle East (AME) regions during the six months to August 31. Operating profit for the first half of the financial year was up 3.9%, at R421.8-million, compared with... 

ICT company continues to deliver on growth plans in H1

By: Simone Liedtke     25th October 2018 Information and communications technology (ICT) provider Allied Electronics (Altron) continued to deliver on its growth plans and reduce its debt, and completed the divestment of noncore assets in the six months to August 31. During a conference call on Thursday, the JSE-listed company noted that... 

Scholars beware: phishing fraudsters hunt for university credentials

24th October 2018 Kaspersky Lab urges academics to be careful online: the company's researchers have detected multiple cyberattacks hitting at least 131 universities in 16 countries, including South Africa, where several well-known universities have experienced at least one phishing attack in the past year. These... 

SMEs To Transform SA’s Education Sector

22nd October 2018 The education sector in South Africa remains a catch-22, with public schools struggling to yield positive results and private schools being too costly for many South African households to afford. This challenge, however, signals a gap in the market and provides an opportunity for small and medium... 

Carrots could be key to making greener buildings, say researchers

By: Reuters     19th October 2018 Crunchy and tasty, yes, but could carrots also strengthen cement and cut carbon dioxide emissions for the building industry? A group of researchers at Britain's Lancaster University has been using a household food blender to mix particles from the root vegetable with concrete to see if they can... 

Why a no-deal Brexit risks freezing London's diamond trade

By: Bloomberg     19th October 2018 The UK has warned that a no-deal Brexit risks London being frozen out of the global diamond trade. Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to... 

Pam Golding Properties in JV with BidX1

19th October 2018 Pam Golding Properties, South Africa’s leading property group, has today announced a strategic joint venture partnership with BidX1, the ground-breaking digital property company whose online auction platform is transforming the property transaction process across the UK and Ireland. BidX1 has... 

Acacia Mining threatens to invoke investment treaty in Tanzania dispute 

By: Reuters     19th October 2018 Acacia Mining said on Friday it would seek direct dialogue with Tanzania over a long-running tax dispute and threatened to invoke a bilateral investment treaty should a settlement not be reached. Acacia's parent Barrick Gold has been negotiating with the Tanzanian government on behalf of... 

Wolf Minerals UK to be wound up

By: Creamer Media Reporter      19th October 2018 Embattled tungsten miner Wolf Minerals UK will be wound up under the UK Insolvency Act, while all directors of the company have resigned, with immediate effect. Wolf went into voluntary administration last week after failing to secure funding to meet its short-term working capital requirements... 

SA-linked startup wins UK competition to build hyperloop-type solution

By: Irma Venter     19th October 2018 UK company Magway has won co-funding support of more than £650 000 from Innovate UK, through its emerging and enabling technologies competition, to build a 150 m hyperloop-type demonstration link for high-speed package delivery, east of London. Innovate UK is the UK government’s Research Agency. 

Plain packaging suggested as safety measure

By: Thabi Madiba     19th October 2018 To reduce tobacco-related deaths that are estimated to amount to seven-million people a year globally, the Department of Health published a proposed Control of Tobacco Products and Electronic Delivery Systems Bill in May for broader public comment, which will regulate all tobacco products to be... 

SA-linked startup wins UK competition to build hyperloop-type solution

By: Irma Venter     19th October 2018 UK company Magway has won co-funding support of more than £650 000 from Innovate UK, through its emerging and enabling technologies competition, to build a 150 m hyperloop-type demonstration link for high-speed package delivery, east of London. Innovate UK is the UK government’s Research Agency. 

Project Bloodhound supersonic car (SSC) project, UK and South Africa

By: Sheila Barradas     19th October 2018 Bloodhound Programme, the UK company behind Project Bloodhound, has run into serious financial trouble. 

Strongbow unveils financing deal, still aiming for 2018 London listing

By: Mariaan Webb     17th October 2018 Strongbow Exploration, the company that is seeking to revive the South Crofty tin mine in Cornwall, south-west England, is still targeting a listing on London’s Aim exchange this year, president and CEO Richard Williams said on Wednesday, while announcing a financing and offtake agreement with... 

Latest WEF global competitiveness report raises red flags for South Africa

By: Simone Liedtke     17th October 2018 The World Economic Forum’s (WEF’s) latest findings in its Global Competitiveness Report for 2018/19 again raised several flags about factors in South Africa’s economic performance, which are having a serious negative impact on its international competitiveness, says North West University... 

Sibanye, Lonmin merger hearing postponed to November 

By: Creamer Media Reporter      17th October 2018 The Competition Tribunal's hearing into the proposed merger between precious metals miner Sibanye-Stillwater and platinum miner Lonmin has been postponed to November, the tribunal reported on Wednesday. The hearing was meant to start on October 18 but has been "postponed in agreement with all... 

Closing the Skills Gap in Africa with Expanded Educational Offerings

17th October 2018 Doros Hadjizenonos, regional sales director at Fortinet in South Africa To close the skills gap, organizations and academic institutions must take proactive measures. 

Second activist targets Canadian miner Detour; seeks board changes

By: Reuters     16th October 2018 US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment... 

Brink Towing Systems SA secures additional export volumes

By: Irma Venter     16th October 2018 An unexpected surge in demand will see Brink Towing Systems South Africa (SA) in October and November export almost 10 000 additional units to its parent company, the Brink Group, in the Netherlands. Brink Towing Systems SA is the largest manufacturer of tow bars in the domestic market, and... 

Microplastics are everywhere

16th October 2018 Science shows us that increasingly we are surrounded by tiny fragments of plastic, known as microplastics. They are not just in the oceans but also on land, in rivers, wetlands, soil and even in the air. A problem this pervasive will take a concerted effort from governments, businesses,... 

Waterfall named Best Mixed-use Development in South Africa for fifth year running

16th October 2018 At a lavish ceremony held at the exclusive Waldorf Astoria Dubai Palm Jumeirah hotel on 11 October 2018, Waterfall Management Company was honoured with the Best Mixed-use Development in South Africa 2018/2019 award for the Waterfall development. Besides scooping this prestigious award for the... 

Famous Brands sees R874m impairment as UK burger business struggles

By: Reuters     15th October 2018 South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of R874-million, sending its shares down 7%. The company blamed the impairment on the difficult trading conditions and sustained underperformance... 

Bloodhound project faces financial crunch, seeks R475m

By: Irma Venter     15th October 2018 Bloodhound Programme, the UK company behind Project Bloodhound, the initiative to break the land-speed world record (currently at 1 227.98 km/h), has run into serious financial trouble. The company has entered into administration, with the appointment of Andrew Sheridan and Geoff Rowley, partners... 

SAPICS, The Professional Body for Supply Chain Management , has appointed Kamogelo Mampane to the board of directors.

15th October 2018 Mampane is the founder and chief executive officer of TK Global Experts. He serves as advisory board chairperson on the State Owned Enterprises Procurement Forum (SOEPF), and is also the chairperson of the Tshwane University Supply Chain and Logistics Advisory Board. He is a fellow of the... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

Gold comes alive in biggest jump since 2016 after equities roiled

By: Bloomberg     12th October 2018 Gold may have finally snapped out of its inertia. On Thursday, prices posted the biggest gain since June 2016, when the UK voted to exit the European Union, after a slump in global equity markets stoked demand for the metal as a store of value. Bullion received another shot in the arm after data... 

CAME Group parking solutions for revenue generation

By: Shannon de Ryhove     12th October 2018 Global technology company CAME, a group well-known in Italy and worldwide, has been operating in the home and building automation sector for over forty years. Cutting-edge technologies, soundness, efficiency and design are among the principles that guide the company in the design and... 

New evidence shows arms deal commission 'ignored critical evidence of wrongdoing'

By: News24Wire      11th October 2018 New evidence to be filed as part of a court case taking the arms deal commission of inquiry’s findings on review purports to show that the commission ignored critical evidence, ignored the advice and documents provided by local and international investigators, and ultimately, through wilful... 

Equites reports solid growth in H1 distributions a share, strategic acquisitions

By: Marleny Arnoldi     11th October 2018 Despite a challenging economic climate, JSE-listed real estate investment trust Equites Property Fund's portfolio continued to perform well during the six months ended August 31, which translated into an 11.7% year-on-year growth in distributions a share. Distributions a share for the period... 

Extending the life of mine beyond its life as a mine

11th October 2018 The last thing on the minds of workers at the oldest-known mine on archaeological record some 43,000 years ago in Swaziland was what their mine might become long after their tools had been put away. Fast forward to today, and the transformation from active mine to mine closure is a C-level... 

Wolf in administration as it fails to secure funding

By: Mariaan Webb     10th October 2018 The owner of the Drakelands openpit mine in the UK has run out of money and has gone into voluntary administration. Speciality metals producer Wolf Minerals announced on Wednesday that it had failed to secure funding and that it was not in a position to meet its short-term working capital... 

Tribunal to consider Sibanye, Lonmin merger at Oct 18 hearing

By: Tasneem Bulbulia     9th October 2018 The Competition Tribunal will hold hearings into the proposed merger between Sibanye-Stillwater and Lonmin on October 18 and 19. Precious metals miner Sibanye in December made an all-share offer to acquire platinum group metals producer Lonmin, with the offer valuing Lonmin at about R5.15-billion. 

No Easy Path To Peace On A Building Project

9th October 2018 When disputes arise on a building project, despite proper contractual procedures, what are the options to resolve the matter? Uwe Putlitz, CEO of the Joint Building Contracts Committee (JBCC), here looks at the situation – and finds that in the end time, productivity and harmony are not part of... 

UK expresses faith in South Africa's economy, backs Ramaphosa's stimulus package

By: African News Agency      9th October 2018 The United Kingdom's trade commissioner for Africa, Emma Wade-Smith, said on Tuesday that the UK had full confidence in South Africa's "stimulus package" and was more likely to continue to invest in South Africa despite the country's troubled economy going through a technical recession. President... 

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