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Competition Bill’s national security veto of foreign mergers ‘tightly codified’

By: Terence Creamer     17th July 2018 The national security veto included in the Competition Amendment Bill, which was tabled before Parliament on Tuesday, had been “tightly codified” so as not to deter potential investors, but rather offer certainty, Economic Development Minister Ebrahim Patel said during a briefing in Cape Town.... 

Competition Bill’s national security veto of foreign mergers ‘tightly codified’
Photo by Creamer Media
Economic Development Minister Ebrahim Patel

Transforming public transport hubs key to better city living, says US professor

By: Irma Venter     17th July 2018 Creating transit-oriented developments (TODs) is one way to build a more sustainable city with lower car use and higher density, says University of California, Berkeley, city and regional planning professor emeritus Robert Cervero. TODs refer to public transport hubs evolving into a “place to... 

 Transforming public transport hubs key to better city living, says US professor

Goodbye Chery, FAW cars, but Tata, Mitsubishi here to stay, says Motus

By: Irma Venter     17th July 2018 Motus no longer imports Chery, Foton and FAW passenger cars and bakkies into South Africa, says Motus Emerging Brands MD Pedro Pereira. Motus is the division of the Imperial group encompassing all things motoring. Motus is set for a separate listing on the JSE in October, following the unbundling... 

 Goodbye Chery, FAW cars, but Tata, Mitsubishi here to stay, says Motus
The Tata Nexon

Ramaphosa talks tough on mine safety, says to engage tribal chiefs on land

By: Reuters     17th July 2018 South Africa will tighten its mine safety regulations to hold mine operators accountable for accidental deaths in the industry, President Cyril Ramaphosa said on Monday. Safety is a huge issue in South Africa’s deep and dangerous mines and increasingly a focus for investors. A spate of deaths at... 

Numsa lodges wage dispute with AMSA

By: African News Agency      17th July 2018 The National Union of Metalworkers of South Africa said on Tuesday it had lodged a dispute at the Commission for Conciliation, Mediation and Arbitration (CCMA) against ArcelorMittal South Africa (AMSA) after reaching a deadlock in wage talks. The union is demanding an 11% wage increase across the... 

Trade conditions worsen – Sacci

By: Creamer Media Reporter      17th July 2018 Trade conditions deteriorated further in June, says the South African Chamber of Commerce and Industry (Sacci). Sacci’s Trade Activity Index (TAI), which measures present trade conditions, moved further into negative territory, at 37, compared with 40 in May. It was also 11 points lower than in... 

Grit to seek LSE listing, raise $120m for acquisitions

By: Creamer Media Reporter      17th July 2018 Pan-African real estate company Grit Real Estate Income Group plans to list on the LSE. The company, which is focused on real estate investment assets in selected African countries, is already listed on the JSE, as well as the Stock Exchange of Mauritius. 

South Africa’s energy industry in limbo, facing many challenges

By: Anine Kilian     17th July 2018 South Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on Tuesday, she noted that, ultimately, people who rely on the energy market will find ways to... 

Eskom cuts power to defaulting Free State municipalities

By: African News Agency      17th July 2018 Residents at Tokologo, Masilonyana and Nala municipalities in the Free State will face power cuts due to the councils' failure to honour their debt payment agreements with Eskom, the power utility said on Tuesday. ''The next payments for Tokologo, Masilonyana and Nala Local municipalities were... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

Britain unveils progress in high technology combat aircraft project

By: Rebecca Campbell     17th July 2018 The UK unveiled a full-scale mock-up of a sixth-generation combat aircraft on the first day of the Farnborough airshow on Monday. This, described as a “concept aircraft”, is the result of the work of a consortium called Team Tempest, which is made up of British aerospace firms and the Royal Air... 

Britain unveils progress in high technology combat aircraft project
Photo by UK Ministry of Defence
An artist’s impression of a “Team Tempest” design aircraft in flight

Kenya's Safaricom in 'advanced talks' to take M-Pesa to Ethiopia

By: Reuters     17th July 2018 Kenya's Safaricom is in "advanced talks" with the Ethiopian government to introduce its popular M-Pesa mobile money service to neighbouring Ethiopia, a market of 100-million people, two sources said on Tuesday. Britain's Vodafone, Safaricom's parent company, will license the use of the M-Pesa... 

China overloading poor nations with debt, top US official says

By: Reuters     17th July 2018 China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing - targeted by President Donald Trump in a trade war that... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

R2.6bn boost for platinum demand

By: Martin Creamer     17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... 

R2.6bn boost for platinum demand
From left are PIC executive head: projects development Sholto Dolamo; AP Ventures partner Kevin Eggers, AP Ventures managing partner Andrew Hinkly and Anglo American Platinum CEO Chris Griffith.

ANC support at comfortable 60% – poll

By: Sashnee Moodley     17th July 2018 A poll undertaken by global market research and consulting firm Ipsos revealed that the African National Congress (ANC) could enjoy a comfortable margin in next year’s national election as it has a possible support base of 60%, compared with other parties. Ipsos randomly polled 3 738 adult South... 

ANC support at comfortable 60% – poll

Life After Coal campaign demands IRP take water costs into account

By: Marleny Arnoldi     16th July 2018 A report from the Life After Coal campaign calls for uncounted costs to South Africa’s water resources to be accounted for in the Integrated Resource Plan (IRP). Mining coal and burning it in power stations uses large amounts of water and pollutes water as well, imposing massive but uncounted... 

Sappi to sponsor fellowship in global sustainability programme

By: Marleny Arnoldi     16th July 2018 Paper and packaging producer Sappi will, as one of the founding partners of the Prince of Wales Global Sustainability Fellowship Programme, fund research into artificial intelligence and bringing carbon emissions in the paper and pulp industry to net zero. The three- to five-year fellowships,... 

South African engineers invited to enter Africa Prize for Engineering Innovation programme

By: Simone Liedtke     16th July 2018 Entries are open for engineers from South Africa and other sub-Saharan African countries to participate in the Africa Prize for Engineering Innovation. The deadline for entries is July 23. 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Acwa Power, CEF to co-invest in Redstone CSP project

By: Marleny Arnoldi     16th July 2018 Power generation technology developer Acwa Power on Monday signed an investment agreement with South Africa’s Central Energy Fund (CEF) regarding the Redstone concentrated solar thermal power plant (CSP) plant, in the Northern Cape.  

Acwa Power, CEF to co-invest in Redstone CSP project
Acwa investment agreement signed with CEF

Brazilian aerospace group predicts strong growth in smaller airliner segment

By: Rebecca Campbell     16th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released on Sunday at Farnborough in the UK, the day before the start... 

Brazilian aerospace group predicts strong growth in smaller airliner segment
Photo by Airlink
An Embraer E190 aircraft of South African airline Airlink

SA business delegation arrives in Angola for trade and investment mission

By: African News Agency      16th July 2018 The South African business delegation arrived in Luanda, Angola on Monday, for a five-day trade and investment mission. The mission is led by the Deputy Minister of Trade and Industry, Bulelani Magwanishe, and is set to take place from Monday until July 21. 

 SA business delegation arrives in Angola for trade and investment mission

New South African private market firm drives international portfolio access for local investors

By: Simone Liedtke     16th July 2018 Global private markets investment manager Partners Group and African information and communications technology impact investor Convergence Partners have joined forces to support the establishment of a private markets firm, Helical Capital Partners, which will provide the South African investor... 

Multimillion-rand French funding deal for drought-stricken Western Cape still needs environmental approval

By: News24Wire      16th July 2018 A nearly R9-million joint desalination project between the Western Cape government and the French government still needs the required environmental approval for operation in November. The solar-powered desalination plant, the first of its kind, will be located in the coastal town of Witsand on... 

Ministers reiterate commitment to implementation of LHWP Phase 2

By: Simone Liedtke     16th July 2018 South African Water and Sanitation Minister Gugile Nkwinti, Lesotho Water Minister Samonyane Ntsekele and the Lesotho High Commissioner Sello Moloto have reaffirmed their commitment to the successful implementation of the Lesotho Highlands Water Project (LHWP) Phase 2. Poised to secure a... 

UAE pledges $10bn in investment, South Africa says

By: Reuters     16th July 2018 The United Arab Emirates (UAE) has pledged to invest $10-billion in South Africa's economy, including the tourism and mining sectors, the South African presidency said on Saturday. Saudi Arabia committed a similar sum with a focus on energy during a Middle East visit by South African President... 

Telecom Egypt, Liquid Telecom sign MoU to complete fibre network from Cape Town to Cairo

By: Reuters     16th July 2018 Telecom Egypt has signed a memorandum of understanding with Liquid Telecom to enable the Pan-African group to complete Africa’s terrestrial fibre network stretching across the African continent, the companies said on Saturday. Liquid Telecom, a subsidiary of Econet Wireless Global, has been... 

Africa's richest man signs $650m Afreximbank loan for oil refinery

By: Reuters     16th July 2018 Africa's richest man, Aliko Dangote, has signed a $650-million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. 

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... 

Davies concerned about extension of US tariffs to autos and auto parts
Trade and Industry Minister Dr Rob Davies

MTN disposes of its MTN Cyprus holdings for R4.1bn

By: Natasha Odendaal     16th July 2018 JSE-listed MTN Group subsidiary MTN Dubai has sold 100% of MTN Cyprus to Monaco Telecom for R4.1-billion in cash. The deal, which forms part of the group’s ongoing portfolio review, values the Cyprus subsidiary eight times that of reported 2017 earnings before interest, taxes, depreciation and... 

MTN disposes of its MTN Cyprus holdings for R4.1bn

SARB launches commemorative Mandela notes, R5 coin for circulation

By: Marleny Arnoldi     13th July 2018 The South African Reserve Bank (SARB) on Friday hosted a commemorative occasion at Freedom Park, in Pretoria, to introduce a series of banknotes and a R5 circulation coin, in honour of what would have been former President Nelson Mandela’s one-hundredth birthday this year.  

SARB launches commemorative Mandela notes, R5 coin for circulation
Photo by Marleny Arnoldi
SARB commemorative notes to be circulated in July

Total’s acquisition of Engie LNG portfolio closes

By: Marleny Arnoldi     13th July 2018 Petroleum giant Total’s acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5-billion, has closed.  

Transnet Pipelines unveils new national operating centre

By: Shirley le Guern     13th July 2018 A new national operating centre (NOC) that will serve as a nerve centre for Transnet Pipelines (TPL) and its 3 800 km underground national pipeline network was officially opened in Durban on Friday. Up until now, the control centre was based at TPL’s head office in the Durban central business... 

Transnet Pipelines unveils new national operating centre
Transnet Group CEO Siyabonga Gama, TPL COO Sibongiseni Khathi and Transnet COO Mlamuli Buthelezi

Putin to take part in Brics summit in South Africa – Kremlin

By: Reuters     13th July 2018 Russian President Vladimir Putin plans to visit South Africa for a summit of BRICS countries on July 26 and 27, Kremlin foreign policy aide Yuri Ushakov said on Friday. The BRICS group of emerging economies comprises Brazil, Russia, India, China and South Africa. 

Low-carbon economy scenarios project under way

By: Terence Creamer     13th July 2018 Amid growing calls for South Africa’s transition to a low-carbon economy to be a just one, a project has been launched to map the possible socioeconomic and environmental scenarios for the transition. The initiative is being undertaken by the Mapungubwe Institute for Strategic Reflection... 

Low-carbon economy scenarios project under way
Zamanzima Mazibuko

One arrested as Eskom stolen cables worth R5m discovered in Johannesburg

By: Reuters     13th July 2018 An investigation team from Eskom recovered stolen Eskom infrastructure worth R5-million, the power utility said on Friday. One person was arrested when the team and members of the SA Police Service made the discovery of the infrastructure, which included aluminium and copper cables, in... 

Action needed to integrate UAVs into civil air space in South Africa – Denel

By: Rebecca Campbell     13th July 2018 Unmanned aerial vehicle (UAV) manufacturer Denel Dynamics (which also produces missiles and space technology) has called for a national programme to integrate UAVs (popularly called drones) into the country’s civilian controlled air space. Controlled air space is air space in which all air... 

Action needed to integrate UAVs into civil air space in South Africa – Denel
Photo by Duane Daws/Creamer Media
A Denel Dynamics Seeker military UAV (with a Casspir mine-protected vehicle in the background)

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