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Saldanha Bay IDZ concludes R3bn in investment deals

By: African News Agency      19th February 2019 The Saldanha Bay Industrial Development Zone has concluded investment agreements, which bring the total of signed investors to eight and the investment value to just over R3-billion. This investment includes five international investors from the United Kingdom, Europe, the Middle East and... 

Exxaro completes Tronox divestment

By: Simone Liedtke     18th February 2019 Diversified miner Exxaro Resources on Monday confirmed that NYSE-listed mining and inorganic chemicals company Tronox has completed the first stage of its redomiciliation, whereby it has acquired Exxaro’s remaining ownership interest in Tronox Sands for just over R2.06-billion, or about... 

Pioneer Foods four months revenue up 7.8%, buoyed by UK price inflation in UK

By: African News Agency      15th February 2019 Pioneer Foods said on Friday its turnover increased by 7.8% in the four months to 31 January, primarily driven by price inflation in bread, wheat flour, rice, export fruit and a sound volume growth in these products and breakfast cereals in the UK. The owner of brand names such as Weet-Bix,... 

The world still doesn’t have enough places to plug in cars

By: Bloomberg     15th February 2019 Even in the biggest electric vehicle markets, a driver venturing too far from home can have a hard time finding a place to recharge. Try your luck on California’s Pacific Coast Highway. The roughly 600-mile route between San Diego and San Francisco has dramatic sea cliffs, off-the-grid retreats,... 

The UK signs trade continuity agreement with five African countries as Brexit nears

By: Rebecca Campbell     15th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

GoldStone expects definitive economic plan for Ghana mine to be completed in Q2

By: Marleny Arnoldi     14th February 2019 Aim-listed GoldStone Resources expects the definitive economic plan (DEP) for its Akrokeri-Homase gold project, in Ghana, to be completed during the second quarter. The DEP assesses the capital requirements, operating costs and timelines in respect of developing an operational mine on the... 

An early diagnosis for the crane under a microscope: A deep look into the crane machinery at Germany’s Palm paper factory

14th February 2019 Konecranes investigates the hoisting gears of the critical overhead cranes at the Palm paper factory, with Oil Analysis and Crane Reliability Study (CRS)  Churning out corrugated base paper: The paper machine 6 (PM6) at the Palm paper factory in Wörth am Rhein, Germany, annually produces some... 

More Professionals In Search Of A Better Work Life Outside Of South Africa, Global Study Reveals

14th February 2019 More young South African working professionals are willing to relocate for work compared to their contemporaries around the rest of the world, according to new research by the The Boston Consulting Group (BCG) and The Network, in association with CareerJunction. The study, which surveyed 366,000... 

Robot Kamaz is opening its computer vision eyes

14th February 2019 VIST Group (subsidiary of ZYFRA Group) mutually with Nazarbayev University and KAMAZ launched a robotized towing truck project. A fifth-wheel towing truck Kamaz Neo will be equipped with computer vision systems that will allow it to detect a range of objects like people, animals, traffic... 

South African roll-over trade agreement with UK to be finalised before February 21

By: Marleny Arnoldi     13th February 2019 Parliament’s Portfolio Committee on Trade and Industry on Wednesday announced that the Department of Trade and Industry’s (DTI’s) negotiation team expected to reach a roll-over agreement with the UK by February 21. This regards preferential trading arrangements after the British exit from the... 

Business, industry comment on positives, negatives of SoNA 2019 

By: Marleny Arnoldi     8th February 2019 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) and many other industry bodies and companies have welcomed President Cyril Ramaphosa’s State of the Nation Address (SoNA), which was delivered on Thursday evening. His war on corruption and focus on economic growth,... 

DBSA wins global award for renewable energy project financing 

By: Simone Liedtke     8th February 2019 The Development Bank of Southern Africa (DBSA) has won the African Renewable Energy Programme Award. The award was presented to the DBSA, in London, in the UK, by Project Finance International (PFI), an institution that organises the global awards. 

Software adds value to automotive manufacturer supply chain

By: Thabi Madiba     8th February 2019 Software company Syspro Africa’s Enterprise Resource Planning (ERP) software enables automotive manufacturing and distribution companies to manage supply chain and financial processes. Syspro Africa professional services manager Doug Hunter explains that the ERP software assists automotive... 

LHDA appoints engineering panel for Phase 2 of the LHWP

By: Natasha Odendaal     8th February 2019 The Lesotho Highlands Development Authority (LHDA) has appointed an engineering panel of experts for the second phase of the Lesotho Highlands water project (LHWP II). The panel comprises a selection of experts from the UK, Europe, the US and Australia, with the combined knowledge covering... 

Total makes significant discovery off South Africa’s southern coast

By: Nadine James     7th February 2019 Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175 km off the southern coast of South Africa, the Brulpadda well encountered 57 m of net gas condensate... 

Total Makes Significant Discovery And Opens A New Petroleum Province Offshore South Africa

7th February 2019 Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs. Following... 

UCT scientists part of international study of Antarctic waters

By: Tasneem Bulbulia     6th February 2019 University of Cape Town (UCT) scientists, Dr Marcel du Plessis and Isabelle Giddy, are part of an international study team that is attempting to occupy and collect vital measurements of the frigid ice-covered waters of Antarctica – the least studied place on the planet. During winter, Antarctic... 

UK and five African countries sign agreement to ensure trade continuity after Brexit

By: Rebecca Campbell     5th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

KEMPER is growing: 2018 has been the most successful year in the company’s history

5th February 2019 Extraction technology pioneer generates revenues of more than 40 million euros Sales increased by 13 percent compared to 2017 Digitalisation of the portfolio continues to be a key issue KEMPER GmbH continues on its growth course. 2018 became the most successful financial year in the company's... 

Mantashe to investors: Don't listen to doomsayers, invest in SA

By: News24Wire      5th February 2019 Investors must be shown that there are opportunities to make money and that is what we offer them in the South African mining industry, Minister of Mineral Resources Gwede Mantashe said on Tuesday. He was one of the guest speakers at a roundtable hosted by the Department of Trade and Industry... 

Newmont appoints Rio Tinto exec as new COO

By: Creamer Media Reporter      5th February 2019 Global gold miner Newmont has appointed Rio Tinto’s head of productivity Rob Atkinson as executive VP and COO with effect from June 1, the company announced on Monday. Atkinson will succeed Tom Palmer, who is taking over as CEO from Gary Goldberg, who will retire in the fourth quarter. 

Coal exports have not risen since 2008, with the IRP posing a further threat, says Minerals Council

By: Kim Cloete     4th February 2019 Coal production, exports and investment in the industry have remained stagnant since 2008, despite higher export prices and South Africa’s abundant coal reserves, says the Minerals Council South Africa. “Even as the coal export price soared, export volumes failed to respond,” Minerals Council... 

South Africa secures new money transfer service

By: Natasha Odendaal     1st February 2019 Digital money transfer service WorldRemit has launched a low-cost digital money transfer service from South Africa to over 145 international destinations. The group, after securing a regulatory licence to operate in South Africa as a ‘send’ country, opened a new office in Johannesburg in January... 

Research shows West Africa is facing more frequent severe storms

By: Rebecca Campbell     1st February 2019 A multinational research consortium of British, French and West African institutes and scientists, funded by the UK Government, has ascertained that “mega storms” in West Africa occur three times more frequently today than they did 35 years ago. The results of the research are being applied to... 

India receives 145 bids for 25 small oil, natural gas fields at auction

By: Ajoy K Das     31st January 2019 The second round of auction of 25 discovered small fields (DSF) in the Indian oil and natural gas sector has received 145 bids from 39 investors, including six foreign companies, the sector regulator has reported. The Directorate General for Hydrocarbons (DGH) states that domestic oil and natural... 

Trans-Gambia bridge a boon for trade, but a blow for local traders

By: Reuters     31st January 2019 A gleaming new bridge in West Africa is transforming transport between Gambia and Senegal, but spells disaster for traders making a living off travellers making the agonising wait to catch a ferry across the Gambia River. Gambia is a sliver of land on either side of the river cutting through the... 

BI assists sugar industry with essential maintenance in ‘off-crop’ season

31st January 2019 Leading supplier Bearings International (BI) assists its sugar-industry clients with essential maintenance and equipment upgrades of sugar mills, especially in ‘off-crop’ season. BI has been supplying industrial power transmission products to the sugar industry for the past 60 years. An area of... 

UK Minister for Africa Harriett Baldwin in SA for bilateral talks

By: African News Agency      31st January 2019 The United Kingdom (UK) Minister of State for Africa, Harriett Baldwin will arrive in Johannesburg on Thursday for a two-day visit to South Africa, the British High Commission said. Baldwin is set to hold talks with senior South African government officials, the business sector and civil society... 

Gold gets a safe-haven boost – Refinitiv’s GFMS report 

By: Nadine James     30th January 2019 Gold has benefitted in the fourth quarter of 2018 from investors seeking safe-havens, the latest GFMS Gold Survey, which Refinitiv released on Wednesday, states. Renewed interest from professional investors and a shift in the purchasing behaviour of emerging market central banks have compensated... 

Chevening Scholarship Programme Celebrates 35th Anniversary in South Africa

30th January 2019 This year, the UK government celebrates 35 years of its flagship Chevening Scholarship Programme. Through the programme, the UK offers financial support for successful candidates to study for a Master’s degree at any of the UK’s leading universities and the opportunity to become part of an... 

DTI to host SA Investment Roundtable at African Mining Indaba

By: Tasneem Bulbulia     29th January 2019 The Department of Trade and Industry (DTI) will, in collaboration with the Department of Mineral Resources (DMR) and Brand South Africa, host a South African Investment Roundtable on the margins of the twenty-fifth Investing in African Mining Indaba, in Cape Town, on February 5. Team South... 

Putting your tax Rands to work for a better South Africa

29th January 2019 One of the first entrants to the South African 12J venture capital landscape is celebrating its fourth year of profitable returns to shareholders. Anuva Investments Ltd (Anuva) reported R14.1 million in profit for its 2018 financial year and distributed R10.5 million to its Class-A shareholders –... 

Palladium theft rampant – FT 

By: Martin Creamer     29th January 2019 Palladium, used in catalytic converters that reduce harmful petrol vehicle emissions, is catalysing a crime wave in the UK, says the Financial Times (FT) of London. “Thieves are stealing catalytic converters – often in broad daylight – and selling the devices to illegal scrap dealers for cash,”... 

Hillhead 2020 set to be even better for visitors

By: Creamer Media Reporter      29th January 2019 Maintaining its reputation as the largest exhibition of its kind in the world, Hillhead 2018 boasted a record-breaking attendance with 19,753* unique visitors making the trip to the Derbyshire quarry last June.  Following a visitor survey, feedback on the show has been extremely positive with... 

Australia wins appeal against BHP over tax owed by marketing arm

By: Reuters     29th January 2019 Australia's federal court ruled against BHP Group Ltd on Tuesday over whether the global miner should pay tax in Australia on profits made by its marketing arm on the sale of commodities owned by the company's UK side, BHP Group Plc. BHP, which has a dual sharemarket listing in Australia and the... 

In the new lithium 'great game', Germany edges out China in Bolivia

By: Reuters     28th January 2019 When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new "Great Game", in which big powers like China are jostling across the globe... 

AECOM appoints new Director for Architecture in Africa

By: Creamer Media Reporter      25th January 2019 Premier fully-integrated global infrastructure firm AECOM has appointed Adriaan Vorster as Director for Architecture in Africa. Vorster is a professional architect with 19 years’ experience, including a decade at a strategic, managerial, and business leadership level. In addition, he has 15... 

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