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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

AMCU reiterates readiness for secondary strike at Sibanye’s platinum operations

18th January 2019 The Association of Mineworkers and Construction Union (AMCU) has reiterated its plans to proceed with a secondary strike at Sibanye-Stillwater’s platinum operations from Tuesday. The strike will be in support of those AMCU members who have been on strike at the precious metals miner’s gold... 

Evolution II Fund closes $41m funding round

18th January 2019 Africa-focused investment advisory firm Inspired Evolution led a $41-million equity investment by its Evolution II Fund and other consortium partners into Africa-focused solar business d.light. Evolution II invested $18-million alongside $10.6-million from the Dutch Development Bank FMO,... 

President signs into law three 2018 tax Bills

18th January 2019 President Cyril Ramaphosa has signed into law three 2018 tax Bills that give legislative effect to the tax proposals announced by former Finance Minister Malusi Gigaba in his yearly National Budget Speech on February 21, 2018, the National Treasury announced in a statement on Friday. These are... 

Policy uncertainty index remains in negative territory – NWU

18th January 2019 The North West University (NWU) Business Schools’ Policy Uncertainty Index (PUI) remained in negative territory in the fourth quarter of 2018. The business school noted that the country’s economy had moved out of recessionary territory, but that economic recovery was slow and patchy. 

Trevali’s African operations deliver strong FY18 performance

18th January 2019 Trevali Mining, in its first full year of operating in Africa, increased production at both Perkoa, in Burkina Faso, and Rosh Pinah, in Namibia, over 2017 levels. “Despite challenges faced at Caribou, [in Canada], Trevali produced 407-million pounds of payable zinc in 2018, in-line with our... 

Katanga appoints new CEO, CFO after signing management services agreement with Glencore International

18th January 2019 Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga’s and Glencore International’s businesses and enhance existing controls. Glencore International is a subsidiary of Glencore. 

Aveng sells noncore Aveng Water business

18th January 2019 JSE-listed Aveng will sell Aveng Water and the Aveng Namibia Water business to Cambrose 735, a special purpose vehicle incorporated as a private company, Infinity Partners, for the purpose of the transaction, for R95-million. Infinity Partners is a 100% black-owned company jointly held by... 

Bloodhound supersonic car project halted

18th January 2019 Project Bloodhound, the initiative to break the land-speed world record, has been halted, owing to a lack of funds, BBC News and other media reported last month. Engineering News in October reported that Bloodhound Programme, the UK company behind the project, had entered into administration, as... 

African entities urged to be proactive in growing the continent's economies

17th January 2019 Africa is sitting on the financial periphery and the onus is on entities on the continent to take proactive measures to grow countries’ economies and drive market reforms, Deloitte Africa Emerging Markets MD Dr Martyn Davies said on Thursday. Speaking at the Deloitte Africa in 2019 Outlook... 

Union membership verification at Sibanye’s gold operations suspended

16th January 2019 The Association of Mineworkers and Construction Union (AMCU) on Wednesday suspended the process of verifying union membership at Sibanye-Stillwater’s gold operations, which it says is aimed at rendering the current strike action unprotected. AMCU explained in a statement that it had filed papers... 

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