R/€ = 15.90 Change: -0.01
R/$ = 14.08 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61


Cape Town’s WhereIsMyTransport expands to Latin America, India

By: Irma Venter     22nd January 2019 Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. 

Climate change threatens to make your morning brew more expensive

By: Bloomberg     17th January 2019 Coffee farmer Masumi Kondo wrapped himself in a cosy blanket on cool nights in the 1970s when he began growing the crop in the Franca region of Brazil’s Sao Paulo state. Now, thanks to persistently warmer weather, he needs an air conditioner. It’s not just the sleeping habits of farmers... 

Fossil Fuel Foundation sees clean coal as a solution for South Africa 

By: Kim Cloete     29th October 2018 The Fossil Fuel Foundation (FFF) has advocated strongly for coal to be retained as a sustainable part of South Africa's energy mix for the short to medium term. “Contrary to the popular belief that ‘coal is dead’, South Africa’s coal resources are abundant and can provide low-emitting,... 

Wind farm project, Vietnam

By: Sheila Barradas     28th September 2018 Super Energy Corporation Public Company is building a 340 MW wind farm comprising six subprojects. 

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... 

Santos completes divestment of noncore assets

By: Esmarie Iannucci     7th September 2018 Oil and gas major Santos has completed the $221-million sale of its non-core Asian portfolio of assets to Ophir Energy. The deal was struck in May of this year, and would see Santos divest of its 31.87% interest in the Chim Sao and Dua oilfields, in Vietnam, the 67.5% interest in the Maleo and... 

Sophia comes to South Africa

By: Martin Zhuwakinyu     7th September 2018 Sophia the Saudi Arabian. Rings a bell? If it doesn’t, a clue: she was the subject of a recent instalment of this column and has the rare distinction of not having been born of flesh and blood. She came to our shores last week and wowed attendees at the SAP Now conference, in Johannesburg, where... 

Mozambique's ruby mining goes from ‘wild west’ to big business

By: Bloomberg     13th August 2018 Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. 

Platinum jewellery heading for good year – PGI 

By: Martin Creamer     9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

Leading Concrete Personality Joins Chryso S.A.

27th June 2018 One of South Africa’s most experienced and respected managers in the cement and concrete industries, Neville Wearne, has joined Chryso South Africa as Project Manager: Concrete Aesthetics. Prior to his new appointment, Wearne was Marketing Project Manager for Lafarge SA, a company he joined in... 

Asia's thermal coal demand poised to grow

By: Esmarie Iannucci     19th June 2018 Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found. Asian thermal coal demand is expected to grown from the 740-million tonnes in 2017, to 1.147-billion tonnes in 2030. 

Ramaphosa hails successful G7 leaders summit

By: African News Agency      11th June 2018 President Cyril Ramaphosa has welcomed the interest shown in South Africa by the global business community at the just concluded G7 Leaders’ Outreach Summit in Quebec City in Canada. In a statement, the Presidency said Ramaphosa welcomed the interest in South Africa as an investment destination... 

Cement giant is the recipient of SKF’s first complete bucket elevator chain solution in South Africa

8th May 2018 Industry leader in bearing and rotating technology, SKF, provided a complete power transmission solution for a longstanding key customer, one of southern Africa’s foremost cement suppliers who had been experiencing problems with a bucket elevator over a protracted period. The additives bucket... 

Santos sells Asian portfolio for $221m

By: Esmarie Iannucci     3rd May 2018 Oil and gas major Santos has announced the sale of its noncore Asian portfolio of assets to Ophir Energy in a deal valued at $221-million. ASX-listed Santos will divest of its 31.87% interest in the Chim Sao and Dua oil fields, in Vietnam, the 67.5% interest in the Maleo and Peluang gas fields,... 

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

Nigeria aims to become net exporter of refined petroleum by the end of 2019

By: Kim Cloete     13th March 2018 The Nigerian National Petroleum Corporation Nigeria (NNPC) is pushing ahead with its goal to revive its oil refineries and become a net exporter of petroleum products by the end of next year, delegates at the annual conference of the African Refiners & Distributors Association (ARA), in Cape... 

Australian Minerals Council backs TPP

By: Esmarie Iannucci     12th March 2018 The Minerals Council of Australia (MCA) has again lobbied for the Trans-Pacific Partnership (TPP), joining nine other national industry groups in issuing a policy brief setting out the reasons Australia should support the regional trade agreement. The TPP, which was signed by Trade Ministers... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Yokogawa Releases Device Lifecycle Management, a New IIoT Service for the Cloud-based Management of Device Information

28th February 2018 A key to success in digital asset management Yokogawa Electric Corporation (TOKYO: 6841) announces the introduction*1 of Device Lifecycle Management, a new IIoT cloud-based service for the management of information on plant assets. This is an information management support service for the... 

Century Aluminum CEO: will recall workers if Trump imposes tariffs

By: Reuters     23rd February 2018 The main US producer of high-purity aluminium used in military aircraft is poised to begin restarting idled production lines at its smelter in eastern Kentucky and recall some 350 workers if President Donald Trump imposes aluminium import curbs. Century Aluminum CEO Michael Bless told Reuters on... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Global wind energy installations remain above 50 GW - GWEC

By: Simone Liedtke     14th February 2018 Installations in the global wind energy market remained above 50 GW in 2017, with Europe, India and the offshore sector having had record years. The Global Wind Energy Council (GWEC) on Wednesday released its 2017 market statistics, which highlighted a decrease to 19.5 GW for Chinese... 

Canadian miners welcome agreement on Trans-Pacific Partnership

By: Henry Lazenby     24th January 2018 Canada has agreed to a revised Trans-Pacific Partnership deal that excludes the US. "We are happy to confirm the achievement of a significant outcome on culture as well as an improved arrangement on autos with Japan, along with the suspension of many intellectual property provisions of concern to... 

Eyeing China, US moves to strengthen Indonesian defence ties

By: Reuters     23rd January 2018 US Defense Secretary Jim Mattis said on Monday he would explore deepening defence ties during a visit to Indonesia, a country that appears increasingly ready to assert its sovereignty in the contested South China Sea. Mattis, ahead of talks in Jakarta, raised the possibility of greater maritime... 

Mike Brown steps in as Gem Diamonds nonexecutive director

By: Dylan Slater     7th December 2017 Diamond producer Gem Diamonds is set to receive fresh blood as decade-sitting Gavin Beevers will not stand for re-election in 2018 as a nonexecutive director 

Playing Games At Work Pays Off For South African Team In Global Challenge

1st December 2017 A team of South African supply chain professionals recently proved that playing games at work can get you far; in this case, as far as Lisbon, Portugal, for the global finals of “The Fresh Connection Challenge”, an innovative business simulation game that is delivering big benefits for companies... 

Russian fund plans a $1bn mining venture with China Gold

By: Bloomberg     10th November 2017 Russia’s State-owned Far East Development Fund is in talks to create a $1-billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal. "We and China Gold will create an attractive financial platform that... 

EU remains focused on progressive trade policies, transparency

By: Natasha Odendaal     17th October 2017 Transparency, as well as balanced, inclusive and progressive trade policies remain top priorities for the European Union (EU) Commission as it shifts its trade approach in an ever-changing world to harness globalisation fairly. In recent years, global trade has come under immense negative... 

Open immigration regime central to S Africa’s growth

By: Robyn Wilkinson     13th October 2017 Countries seeking to promote economic growth and job creation tend to adopt policies that create flexible and open immigration regimes, contrasting with South Africa’s adoption of restrictive immigration laws, which when coupled with bureaucratic inefficiency creates a barrier to the entry of... 

Manufacturing sector bore brunt of industrial cyberattacks in first half of 2017

By: Schalk Burger     4th October 2017 The manufacturing sector emerged as the hardest hit by cyberattacks during the first half of 2017 as the target of one in every three attacks on industrial control system (ICS) computers, global cybersecurity firm Kaspersky Lab said on Wednesday. The Threat Landscape for Industrial Automation... 


By: Zandile Mavuso     29th September 2017 Vertical safety systems company RopeCrew is a highly experienced and dynamic rope access company that offers industrial and offshore rope access services and work at height training. 

Legislation, without enforcement, is useless in combating poaching in Africa – expert

By: African News Agency      22nd September 2017 Passing legislation, which is not backed up by competent law enforcement on the ground, will not save Africa’s wildlife from the scourge of poaching, an expert said on Thursday. Speaking at ENACT’s World Rhino Day seminar of the Institute for Security Studies (ISS) and Interpol, panellist Tapuwa... 

Cybercrime becoming a major threat in South Africa

By: Anine Kilian     19th September 2017 The US Federal Bureau of Investigation has ranked South Africa sixth and seventh on the cybercrime predator list, which means that there is an increasing amount of fraud being perpetrated from the country, says computer forensics company Cyanre CEO Danny Myburgh. Speaking at the ninth Chartered... 

America’s President needs to stand for American values

By: Keith Campbell     25th August 2017 The apparently never-ending culture wars in the US are ceasing to be depressing and becoming downright alarming, reaching a new low in the recent murderous terrorist-attack-by-vehicle in Charlottesville in the State of Virginia, which killed a young woman and injured some 19 other people. There... 

Rising prices signal end of ‘hand-to-mouth’ CREE market 

By: Henry Lazenby     22nd August 2017 Higher prices for critical rare earth elements (CREE) are marking a return of confidence to the industry and the end of the so-called “hand-to-mouth” market as users increasingly turn to contracting to secure long-term security of supply. “For several years users were unsure about the market... 

In a context of State capture, the ‘developmental-State project is almost dead’ 

By: Terence Creamer     17th August 2017 In the context of State capture and corruption, former Deputy Finance Minister Mcebisi Jonas believes South Africa’s “developmental-State project is almost dead”, with resources being diverted away form dealing with the country’s serious unemployment crisis towards poorly governed State-owned... 

Boosting steel production in Vietnam

25th July 2017 Hoa Phat Group orders two converter shops from SMS group Hoa Phat Group in Vietnam has placed an order for the supply of two converter shops with a consortium consisting of WISDRI Engineering & Research Incorporation Ltd. and SMS group GmbH 

India to bid for natural gas blocks in Lebanon

By: Ajoy K Das     11th July 2017 ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon. In a statement issued late on Monday, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said the proposal of an... 

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