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Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

New business model drives group’s resurgence in Africa

By: Robyn Wilkinson     20th October 2017 Economic growth in Africa is ensuring a steady demand for infrastructure development and by tailoring its business model to access this demand, engineering services provider ELB Group has enhanced its activities on the continent and announced a return to profitability. 

South African egg output tumbles, jobs cut after avian flu

By: Reuters     18th October 2017 Commercial egg production in South Africa has tumbled 17% and over 1 000 workers have lost their jobs in the wake of an outbreak of avian flu in June, industry experts said on Wednesday. Commercial egg production per day has dropped to 17-million from 20.4-million after an outbreak of the H5N8... 

'Dr. Doom' commentator Marc Faber faces backlash over race comments

By: Reuters     18th October 2017 Marc Faber, the Swiss investor based in Thailand, provoked a backlash from business television and investment management firms on Tuesday after comments in his latest newsletter suggested the US had only prospered because it was settled by white people. The investor and commentator, known as 'Dr... 

Vast Resources reports higher output

By: Creamer Media Reporter      16th October 2017 UK-headquartered Vast Resources on Monday reported stronger operational results from its mines in Romania and Zimbabwe, with third-quarter tonnes mined, milled and copper and gold production outperforming the previous quarter. The Manaila polymetallic mine, in Romania, delivered an “exceptional... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Powertech Switchgear land a big deal with Eskom

     13th October 2017 The tender for Eskom’s distribution and transmission MV AIS switchgear was issued in 2015 and Powertech Switchgear seized the opportunity to submit on tender obligation. The tender was awarded in March 2017 and Powertech Switchgear managed to gain five years of supply. Eskom requirement is to... 

Caledonia Mining sees golden opportunities in Zimbabwe dollar crisis

By: Reuters     9th October 2017 Caledonia Mining is seeking to expand in Zimbabwe, where output at its flagship gold mine has hit new highs and the country, gripped by a cash crisis, depends on it and other miners to generate currency. Zimbabwe is short of US dollars, a currency it adopted in 2009 after its own was wrecked by... 

Kariba South Extension Project reaches 85% completion milestone

     9th October 2017 The Kariba South Extension Project on the Zambezi River is 85% complete, and is on track for completion in March 2018, reports Hatch, the Owner’s Engineer on the massive project. This flagship infrastructure project was initiated by the Zimbabwe Power Company (ZPC) due to an acute power shortfall... 

Pumps investment solidifies Mozambique sugar industry

By: Nica Schreuder     6th October 2017 South African pumps manufacturer and supplier Brehnor Pumps has commissioned two Ornel Floodlifter 1 200-mm-diameter pumps on the Xinavane sugar estate, in Mozambique, owned by agricultural and agroprocessing business company Tongaat Hulett. 

Caledonia’s Blanket mine achieves new quarterly production record

By: Creamer Media Reporter      5th October 2017 Caledonia Mining Corporation’s 49%-owned Blanket mine, in Zimbabwe, produced a record 14 389 oz of gold in the quarter ended September 30. Production for the third quarter was 15% higher than in the second quarter and 7% higher than in the third quarter of 2016. 

AB InBev completes $3.15bn Coca-Cola Beverages Africa transition

By: African News Agency      5th October 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) on Thursday announced that it has completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion after customary adjustments. This comes after AB InBev last year acquired SABMiller for... 

Powerstar to expand into smaller trucks through Foton partnership

By: Irma Venter     4th October 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

Location Analysis Essential For Effective Supply Chain Development

     4th October 2017 “Supply chains compete, not products, commodities or companies. All nodes and links in a supply chain should be engaged and integrated to be able to provide seamless and transparent logistics services from origin to destination,” said Gerard de Villiers recently at the Australian Rail... 

Blitz delivering ahead of schedule – Sibanye-Stillwater 

By: Martin Creamer     2nd October 2017 Production is under way three months ahead of schedule at Sibanye-Stillwater’s Blitz project in the US, where the completion of a secondary escape-way system concluded the final infrastructure required for the production to begin. An upside for Sibanye-Stillwater shareholders is the rapid ramping... 

AfDB approves $200m to IDC to support industrialisation projects in Africa

By: Anine Kilian     2nd October 2017 The African Development Bank Group (AfDB) has approved a private sector multicurrency line of credit of $100-million and R1.3-billion to South Africa’s Industrial Development Corporation (IDC). The operation will support industrialisation projects in South Africa and in other regional member... 

Zambia to start building two new power plants in 2018 – finance minister

By: Reuters     29th September 2017 Zambia plans to start building two power generation plants that will add 550 MW of electricity to its national grid once completed, Finance Minister Felix Mutati said on Friday. Mutati said in a budget speech one investor planned to build a 300 MW thermal power station in southern Zambia and... 

Hwange Colliery Company records revenue declines, narrows operating loss

By: Ilan Solomons     29th September 2017 Zimbabwe coal mining and exploration company Hwange Colliery Company (HCC) recorded a 23% year-on-year decline in revenue for the six months to end June, it reported on Friday. The company’s revenue stands at $18.8-million, which is substantial decline from the $24.5-million recorded during the... 

Vast says strategic investment will be at project level

By: Creamer Media Reporter      26th September 2017 Aim-listed Vast Resources reported on Tuesday that it would not issue new shares to the potential strategic investors that it has been talking to and that any forthcoming investment would be at solely at project level. In an update on its discussions regarding a potential $10-million strategic... 

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... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     22nd September 2017 Zambezi River Authority is rehabilitating the Kariba dam to ensure its longevity. 

Premier sells forestry interests to focus on lithium, tungsten assets

By: Creamer Media Reporter      20th September 2017 Multicommodity mining and natural resources development company Premier African Minerals will sell its 52% interest in TCT Industrias Florestais (TCT IF), which principally owns a limestone deposit and forestry interests, in Mozambique, to Amire Glory. Aim-listed Premier will retain a 50%... 

Sibanye-Stillwater announces $450m convertible bond offering

By: Martin Creamer     19th September 2017 Precious metals mining company Sibanye-Stillwater on Tuesday announced the impending launch of a $450-million convertible bond offering linked to the refinancing of the outstanding portion of the bridge loan the company raised to buy Stillwater Mining in the US. The senior unsecured guaranteed... 

Durban to host dozens in Africa’s rail sector

     15th September 2017 Durban, South Africa will soon be host to the largest gathering of African transport professionals – both in rail and in maritime. The second annual African Rail Evolution forum, co-located with the 6th annual African Ports Evolution forum and Kwazulu-Natal Export Week will take place 17-18... 

Welding company aims to bridge skills gap

By: Nica Schreuder     15th September 2017 Despite challenging economic conditions and a dire lack of welding skills, steel welding and fabrication service provider Federal Steel Company is committed to welding skills development initiatives that will expand nationally. Federal Steel Company MD Phakamile Buthelezi explains that the lack... 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

Volvo Car SA expecting big change in EV perceptions in coming years

By: Irma Venter     8th September 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

Vast aiming to start operations at Romania’s Baita Plai before year-end

By: Mariaan Webb     30th August 2017 Aim-listed miner Vast Resources is aiming to start operations at the Baita Plai polymetallic mine, in Romania, before the end of 2017, the company said on Wednesday, announcing that it had been selected for a mining right. The holder of the head licence, Baita, has chosen Vast subsidiary African... 

New Transnet, DBSA finance scheme set up to support African rail exports

By: Terence Creamer     28th August 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

Incremental improvements now leading to energy efficiency  

By: Robyn Wilkinson     25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... 

Forklifts delivered to Zimbabwe food producer

     25th August 2017 With Zimbabwe-based food producer Cairns Foods having increased its capacity with the hopes of reaching 80% capacity use by 2018, materials handling equipment supplier Smith Power Equipment (SPE) has supplied four Kipor KDF 25 diesel forklifts to the company. 

Parnis Manufacturing

     25th August 2017 Besides its baseload work for the mining industry in South Africa and beyond the country’s borders, Johannesburg-based Parnis Manufacturing has made great strides into the energy sector, where it has identified expansion opportunities in the design, fabrication and assembly of mobile switch rooms... 

Danai Magugumela

     25th August 2017 This week we feature Danai Magugumela, MD of consulting engineering firm Bosch Projects   

Himoinsa

By: Zandile Mavuso     22nd August 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

Implats to report FY headline loss a share

     22nd August 2017 JSE-listed Impala Platinum (Implats) expects to swing to a headline loss a share of between 125c and 150c for the financial year ended June 30, compared with the headline earnings per share (HEPS) of 12c reported in the 2016 financial year. The company attributed the decline in HEPS to the... 

Comprehensive service support adds value to forklifts

By: Robyn Wilkinson     18th August 2017 Industrial equipment supplier Smith Power Equipment (SPE) is ensuring that the value-add on its range of imported forklifts meets customer requirements while balancing performance and cost to help companies manage the economic challenges. 

Crystal Events Africa

     18th August 2017 Crystal Events Africa, formerly Crystal Events & Incentives, is a leading conference, incentive travel and corporate meeting organiser in South Africa. Its recent expansion into Africa has increased its business capacity to successfully drive intercontinental business through in-bound incentive... 

PPC Q1 trading in line with expectations

By: Creamer Media Reporter      17th August 2017 Cement maker PPC on Thursday said its first-quarter revenue had tracked ahead of the comparative period in the prior year, while group earnings before interest, taxes, depreciation and amortisation (Ebitda) were in line with that of the first quarter of the previous year. However, while the South... 

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