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Dec 18, 2014
Lumwana, Zambia
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
Dec 18, 2014
The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
Dec 17, 2014
South African cement firm PPC on Wednesday named a mining industry veteran as chief executive, ending a three-month leadership vacuum that has hit its shares. PPC's former CE Ketso Gordhan abruptly resigned in September after clashing with the board. He then...
Dec 17, 2014
anzania's attorney general resigned late on Tuesday, becoming the first political casualty in an energy corruption scandal in the east African country that has led Western donors to delay aid and weakened the currency. The resignation followed a vote in parliament...
Dec 17, 2014
Forces allied to Libya's conflict parties clashed with heavy weapons on Tuesday over control of the country's biggest oil ports in the east as the European Union was considering sanctions on people obstructing U.N.-brokered peace talks. The United Nations had...
Dec 17, 2014
The battle for the assets cement firms Lafarge and Holcim must sell to get the go-ahead for their merger will likely be between three groups, several people familiar with the matter said. The three groups expected to hand in binding bids by a mid-January deadline...
Dec 17, 2014
The Democratic Alliance on Tuesday called on Deputy President Cyril Ramaphosa to clarify Eskom's latest threat of further rolling blackouts. Spokesperson on public enterprises Natasha Michael said Ramaphosa had to disclose the reason four generators stopped working...
Dec 15, 2014
European Union antitrust regulators approved on Monday the proposed merger of France's Lafarge and Swiss peer Holcim to create the world's biggest cement maker. The European Commission said the companies had agreed to sell most of their overlapping businesses to...
Dec 12, 2014
Dec 12, 2014
Dec 12, 2014
Dec 12, 2014
 
 
 
Dec 12, 2014
The extent of the damage to industry and the costs that arise directly from load-shedding have been gravely underestimated, the Cape Chamber of Commerce and Industry (CCCI) said on Friday. “This is a crisis for the country and a disaster for many industries, and...
Dec 12, 2014
Power management company Eaton announced on Friday that it would be providing electrical engineering services and power distribution equipment for the construction of a 5 MW solar microgrid system in Annobon province – an island off Equatorial Guinea, in central...
Dec 12, 2014
Trade and Industry Minister Dr Rob Davies
In a bid to curb illegal and harmful substandard products imported into the country, government on Friday destroyed products worth R13.2-million that were found to compromise the safety of consumers with defects that could not be corrected.
Dec 12, 2014
Business Leadership South Africa (BLSA) on Friday welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Dec 12, 2014
Hüseyin M Akin has been appointed CEO designate of Coca-Cola Beverages Africa – a joint venture emerging from the combination of the South and East Africa-based soft drinks bottling operations of The Coca-Cola Company and Gutsche Family Investments. Akin, the current...
Dec 12, 2014
As South Africans prepare for the summer holiday with lazy days of parties and fine food, Eskom says there will not be any disturbances caused by power cuts. "As it stands and things don't change, the risk of load shedding is very low for today and the whole of...
Dec 12, 2014
Responding to “critical diagnostic data” provided by the Annual National Assessment (ANA) tool, which was introduced in 2010 to evaluate the standard of education in South Africa, President Jacob Zuma has acknowledged low levels of academic performance in...
Dec 12, 2014
South Africa will increase diesel and gas imports and sign a private sector coal-fired power plant deal as it seeks to halt chronic electricity shortages, the cabinet said on Thursday. The rand fell to its weakest level against the dollar in six years this week as a...
Dec 12, 2014
JSE-listed Blue Label on Friday said it had terminated talks with the undisclosed company that had made a nonbinding expression of interest to acquire all the issued shares in the telecommunications group in October. Blue Label, which retracted its cautionary, stated...
Dec 12, 2014
Power cuts on Friday were unlikely as the national power grid was doing well, Eskom said. "There is a low probability of load shedding today. The grid is in good shape and unless something happens, the power will be fine," Eskom spokesman Andrew Etzinger said.
 
 
 
 
Dec 12, 2014
Give its large mining potential, African economies are expected to play an increasingly important role in producing raw materials for the production of steel. The Economic Cooperation and Development (OECD) said it was expecting growth from  South Africa, in...
Dec 12, 2014
Growth in the steel industry worldwide has stabilised following substantial fluctuations during the recession, but a fair amount of uncertainty remains, particularly as a result of structural change in the Chinese economy, according to World Steel Association...
Dec 12, 2014
The government’s substantial infrastructure programme outlined in the National Development Plan is expected to drive demand for steel over the next decade, says Trade and Industry Deputy Minister Mzwandile Masina. He told over 250 delegates to the Organisation for...
Dec 12, 2014
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) announced on Thursday that it would launch the Seifsa Awards for Excellence in 2015.
Dec 12, 2014
Truck hijackings in South Africa are rising rapidly, and are up by around 10% year to date over 2013 statistics, says Road Freight Association (RFA) technical and operations manager Gavin Kelly. This adds up to a 5.1% increase for 2013/14, to 991 incidents, compared...
Dec 12, 2014
The 216-GWh-producing Sishen solar photovoltaic (PV) plant in the Northern Cape has officially connected to the national grid and will have the highest level of electricity output of all the operational solar PV plants in Africa, says Spanish stakeholder Acciona...
Dec 11, 2014
Article contains comments
Eskom chairperson Zola Tsotsi
Cabinet on Thursday announced sweeping changes to the composition of the nonexecutive boards of State-owned power utility Eskom and transport utility Transnet.
Dec 11, 2014
Independent upstream oil & gas company SacOil has appointed Sasol corporate finance VP Damian Matroos company CFO with effect from February 1, 2015, replacing acting FD Tariro Mudzimuirema, who would return to the position of FM on the same date.  Matroos holds a...
Dec 11, 2014
In an effort to accelerate transport planning in South Africa, Minister of Transport Dipuo Peters officially launched the National Transport Forum (NTF) and Transport Sector Broad-Based Black Economic-Empowerment (BBBEE) Charter Council in Johannesburg on Thursday.
Dec 11, 2014
Article contains comments
National Treasury said on Thursday that government was aware of the risks to the South African economy and to economic growth that were highlighted by an International Monetary Fund (IMF) report this week, and agreed that structural reforms were necessary to raise...
 
 
 
 
Dec 11, 2014
South African Airways (SAA) and Etihad Airways have announced a major expansion of their strategic partnership that will see the local national carrier launch a daily service between Johannesburg and Abu Dhabi from March 29, 2015, which will complement Etihad...
Dec 11, 2014
The Competition Commission has, following a commission meeting on Tuesday, recommended to the Competition Tribunal that the merger between information technology services group Dimension Data (DiData) and the three divisions of Internet service provider MWEB be...
Dec 11, 2014
Two days after announcing that a first-stage definitive mining feasibility study (DMFS) for the coal-mining portion of its Rukwa coal-to-power project (RCPP), in Tanzania, had revealed four financially feasible options for project development, Kibo Mining said on...
Dec 11, 2014
Will South Africa’s electricity grid collapse, plunging the country into weeks of darkness? Experts say it is possible, but unlikely.
Dec 11, 2014
Dec 11, 2014
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Dec 11, 2014
Construction group Aveng expects headline earnings and headline earnings per share (HEPS) to decline by at least 45% in relation to the comparative period’s R307-million and 82.1c a share respectively, translating into headline earnings of R169-million and HEPS of...
Dec 11, 2014
Murray & Roberts (M&R) Infrastructure has been awarded a contract by the North West provincial government’s Department of Public Works and Roads to upgrade 58.4 km of gravel roads in the Ganyesa area, north-west of Vryburg, by May 2016.
Dec 11, 2014
South Africa's consumer confidence edged up from negative territory in the fourth quarter of 2014, although it remained below the key long-term average reading of 5, a survey showed on Thursday. The index edged up 1 point to 0 in Q4 from -1 in the previous three...
Dec 11, 2014
Article contains comments
National Treasury is to assume control of South African Airways (SAA), Minister in the Presidency Jeff Radebe announced on Thursday. "SAA will be transferred from the department of public enterprises to fall under National Treasury," he told journalists in Pretoria,...
 
 
 
 
Dec 11, 2014
The localisation of automotive component manufacturing remained key to the creation of sustainable jobs in South Africa, and the Department of Trade and Industry (DTI) would continuously support industries that created such local employment opportunities, Trade and...
Dec 11, 2014
Article contains comments
Cabinet has approved a five-point plan to address the current strain on South Africa’s electricity system as well as the creation of a technical “war room” to undertake various interventions to improve supply security over the short and medium term. Since the start...
Dec 11, 2014
The new vehicle market in South Africa will probably end the year flat compared with 2013, says Standard Bank Vehicle and Asset Finance personal markets head Nicholas Nkosi. The biggest impact on this year’s sales comes from a weaker rand, which continues to push up...
Dec 11, 2014
Companies should engage in the training of young people through offering apprenticeships for economic reasons and not only because they felt obliged to serve their country, says Swiss Coordination Centre for Research and Education director Professor Stefan Wolter....
Dec 11, 2014
A stretch of the N3 highway between Durban and Johannesburg will be upgraded, starting in the middle of 2015, in a contract valued at around R400-million, says South African National Roads Agency Limited (Sanral) Eastern Region design and construction manager Ravi...
 
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