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Congo miners seek concessions in new code as arbitration on hold

By: Bloomberg     12th October 2018 Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers... 

International research team discovers two new Chinese dinosaurs

By: African News Agency      24th August 2018 An international research team on Thursday, announced the discovery of two new Chinese dinosaurs – the Bannykus and the Xiyunykus – both alvarezsaurs, an enigmatic group of theropod (meat-eating) dinosaurs. “Alvarezsaurs are weird animals,” said Professor Jonah Choiniere from the University of... 

Davies concerned about extension of US tariffs to autos and auto parts

By: African News Agency      16th July 2018 South Africa’s steel and aluminium exports to the United States does not pose any threat to US national security, says Trade and Industry Minister Dr Rob Davies. Davies was speaking during bilateral meetings in Washington DC with US Trade Representative Ambassador Robert Lighthizer, US Secretary... 

M&A advisory firm aims to use SA as gateway to African market

By: Nadine James     13th July 2018 Washington DC-headquartered mergers and acquisition advisory firm Taylor Advisory announced last week that it was entering the African market through South Africa with the appointment of Francois Baird as its Africa co-chairperson and Riaan Rademan as its South Africa co-chairperson. This is... 

US to initiate ‘exploratory talks’ on post-Agoa model at Washington forum

By: Terence Creamer     9th July 2018 United States Trade Representative (USTR) Robert Lighthizer will use this week’s African Growth and Opportunities Act (Agoa) Forum in Washington DC to initiate “exploratory talks” with African governments on a possible trade model that could be implemented when the unilateral programme expires in... 

100 Resilient Cities appoints Dana Omran as MD for Africa

By: Marleny Arnoldi     25th June 2018 Dana Omran has been appointed Africa MD for the Rockefeller Foundation’s 100 Resilient Cities (100RC) programme.  

South Africa chairs International Telecommunications Satellite Organisation for first time

By: Creamer Media Reporter      15th June 2018 Telecommunications and Postal Services Minister Dr Siyabonga Cwele has been elected chairperson of the International Telecommunications Satellite Organisation (ITSO) for the next two years. This is the first time South Africa is chairing ITSO, which is a 150-member intergovernmental organisation... 

PanTerra pursues $25m damages claim against Dominican govt

By: Esmarie Iannucci     24th May 2018 ASX-listed PanTerra Gold on Thursday told shareholders that it would pursue up to $25-million in damages from the Dominican government, over allegations that the government failed to meet its contractual obligations at the Las Lagunas tailings dam project. The Las Lagunas project involves the... 

ANTI-SOCIAL MEDIA

20th April 2018 Facebook founder and CEO Mark Zuckerberg pictured during a joint hearing of the Senate Judiciary and Commerce Committees in Washington, DC, which took place on April 10. Zuckerberg said he took responsibility how the social network had been improperly used for political means and promised that... 

Competition Commission wins international award

By: Marleny Arnoldi     19th April 2018 The Competition Commission has won the Agency of the Year in Asia-Pacific, Middle East and Africa award at the eighth annual Global Competition Review (GCR) Awards held in Washington DC, in the US.  

IMF makes positive about-turn on SA growth outlook after January slash

By: News24Wire      17th April 2018 The International Monetary Fund (IMF) is upbeat about South Africa's Gross Domestic Product (GDP) growth in 2018, raising its forecast to 1.5% after cutting its prediction to 0.9% in January. The international lender released its World Economic Outlook report in Washington DC on Tuesday, ahead of... 

Zimbabwe’s Agoa eligibility up for review this year

By: Terence Creamer     23rd February 2018 The US government will consider Zimbabwe’s eligibility for the trade benefits it extends under the Africa Growth and Opportunity Act (Agoa) during 2018, the State Department’s acting director for economic and regional affairs Harry Sullivan said during a recent telephonic briefing of Africa... 

Michael Higley

26th January 2018 This week we feature Michael Higley, VP Operations at FedEx, a company that provides customers and businesses worldwide with a broad portfolio of transport, ecommerce and business services   

Giant planet ‘comes to light’

By: Kelvin Kemm     10th November 2017 There is a saying that the universe may not only be stronger than we imagine, but also stronger than we can imagine. I imagine that many unimaginable things will come to light from far out in due course.  These concepts are all really ‘far out’. One has just ‘come to light’, so to speak. There is... 

South Africa’s use of nonweapons-grade uranium to produce medical radioisotopes recognised

By: Keith Campbell     6th October 2017 South African company NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation (Necsa), has been presented with an Award for Outstanding Achievement by the US National Nuclear Security Administration (NNSA), an agency of the US Department of Energy (DoE),... 

South African nuclear achievement crowned by US award

By: Keith Campbell     22nd September 2017 South African company NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation, has been presented with an Award for Outstanding Achievement by the US National Nuclear Security Administration (NNSA), an agency of the US Department of Energy (DoE), the two... 

Northeast Boundary Tunnel project, US

By: Sheila Barradas     22nd September 2017 The project aims to increase the capacity of Washington DC's sewer system. 

Outgoing economic counsellor sees big ‘untapped’ US-SA economic potential

By: Terence Creamer     29th August 2017 The US Embassy’s outgoing Economic Counsellor, Laird Treiber, says there has been a steady stream of American investment into South Africa during his three-year tour and that, notwithstanding the current hiatus in investment activity, economic relations are poised to expand again, owing to the... 

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... 

Canada's Gabriel Resources sues Romania for a record C$5.7bn

By: Henry Lazenby     29th June 2017 Canadian project developer Gabriel Resources is suing Romania for a record C$5.7-billion before the World Bank's International Centre for Settlement of Investment Disputes (ICSID), the TSX-listed company revealed on Thursday. The company hopes to tie up a drawn out dispute with the country’s... 

US agency awards grant to SA IPP for Free State solar study

By: Mia Breytenbach     2nd June 2017 The US Trade and Development Agency (USTDA) has awarded a grant to Johannesburg-based independent power developer Pele Green Energy. The grant will fund a feasibility study to assess the viability of a 75 MW solar photovoltaic (PV) power plant, in the Free State. US Consul General of Cape Town... 

Trump takes aim at western monuments that may hold oil, coal

By: Bloomberg     11th May 2017 Bears Ears National Monument, in Utah, boasts stretches of red-and-yellow sandstone so brilliant they appear to be ablaze and rock structures so precarious they appear to defy gravity. The rugged terrain south of the Colorado River also has reserves of oil and natural gas that are currently off... 

World Bank cuts sub-Saharan Africa’s 2017 growth forecast

By: Bloomberg     5th May 2017 The World Bank cut its growth projection for sub-Saharan Africa this year because of weak expansion in the region’s three biggest economies. The area’s gross domestic product will expand 2.6 percent in 2017, the bank said in a copy of its Africa Pulse report. That compares with a January... 

Gigaba slams Eskom’s ‘mistake’ of contradicting government policy on renewables 

By: Terence Creamer     19th April 2017 Finance Minister Malusi Gigaba says Eskom made a “mistake” by raising its corporate difficulties in relation to the signing of power purchase agreements (PPAs) with renewable-energy generators in a way that undermined the policy position of government on both the energy mix and the... 

Nationalisation of banks is not government policy – Treasury 

By: African News Agency      18th April 2017 National Treasury on Tuesday distanced itself from an opinion piece written by Professor Chris Malikane, an economic adviser to the Minister of Finance Malusi Gigaba, saying that the nationalisation of banks is not government policy. This comes after Malikane, an economics professor at the... 

SPEED OF LIGHT

7th April 2017 Washington DC, in the US, has long been a source of both world altering news and stunning controversy. But the pace at which the news and the controversies are flowing has definitely accelerated since the shock election of President Donald Trump in late 2016. Keeping up with both is probably as... 

I-395 Express Lanes northern extension project, US

By: Sheila Barradas     7th April 2017 The project will extend the I-395 Express Lanes by almost 13 km. 

G20’s Compact with Africa launched with widespread support

By: Natasha Odendaal     20th March 2017 Clear support emerged last week from Group of 20 (G20) members’ Finance Ministers and central bank governors for the broadening of international economic and financial cooperation with African countries to “foster sustainable and inclusive growth” in line with the African Union’s Agenda 2063. At... 

Rio quietly optimistic over Trump’s infrastructure delivery promises

By: Esmarie Iannucci     20th March 2017 Mining giant Rio Tinto is quietly optimistic about the ability of US President Donald Trump to deliver on his infrastructure promises, driving demand for Rio’s products. Speaking on CNBC, Rio CEO Jean-Sebastian Jacques said a team from Rio had recently met with “key influencers and key... 

South Africans or self-interest first?

By: Riaan de Lange     3rd February 2017 I woke to bad news recently, being immediately reminded of a television series that has undisputed longevity and is a personification of both innovation and trailblazing. It is the BBC’s 1980s classic, Allo 'Allo! Unless you are of a single-digit age, or a recent arrival to the third rock from... 

SIGN OF THE TIMES

3rd February 2017 A Greenpeace ‘Resist’ banner hanging from a construction crane behind the White House in Washington, DC, in late January. The protest arose after the administration of President Donald Trump invited TransCanada to reapply for its controversial Keystone XL project and issued a memorandum... 

Plan, but no man

By: Terence Creamer     9th December 2016 South African Reserve Bank (SARB) governor Lesetja Kganyago does little to hide his frustration about the lack of progress in pursuing the structural reforms required to improve South Africa’s growth prospects and deal with its serious unemployment problem. He argues that the National Development... 

Amid policy angst, US energy diplomat points to bipartisan support for powering Africa

By: Terence Creamer     11th November 2016 America’s Principal Deputy Assistant Secretary of State for Energy Resources would not be drawn this week on how the administration of President-elect Donald Trump could approach energy policy and the Africa Power Initiative in particular. However, Ambassador Mary Burce Warlick highlighted during... 

Local business App debuts at APICS

26th September 2016 A new perspective on business applications has boosted interest in digital solutions from the enterprise sector. According to Gartner, business priorities have shifted and there is a renewed focus on using technology to compete more effectively, only it’s now digital applications and... 

Davies urges Tesla to invest in South Africa 

By: African News Agency      26th September 2016 Trade and Industry Minister Dr Rob Davies, who is attending Monday’s Africa Growth and Opportunity Act (Agoa) forum in Washington DC, made the most of an opportunity at a business breakfast on Sunday to encourage an investment by South African-born entrepreneur Elon Musk in the country of his... 

Northeast Corridor train project, US

By: Sheila Barradas     16th September 2016 The project involves the design and construction of 28 new high-speed trains for the Northeast Corridor. 

African youth need to be vested in the future of their countries – US Bureau of African Affairs

By: Samantha Herbst     5th August 2016 With 70% of Africans under the age of 25, it is imperative for African youth to be engaged in communities and vested in the future of their respective countries, according to US Bureau of African Affairs assistant secretary Linda Thomas-Greenfield, who highlights this as the central tenet of the... 

Private investment key to rejuvenation of world cities, including Joburg

By: Terence Creamer     14th July 2016 Private sector participation is the “single most crucial component” in rejuvenating decaying urban areas, a new World Bank report, which includes Johannesburg as a case study, shows. Published in conjunction with the Public Private Infrastructure Advisory Facility during the World Cities Summit,... 

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