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Latest News

World trade slump a challenge to globalisation

     6th February 2002 The onward march of trade has been brought almost to a halt by the global slowdown, reports the Financial Times. The growth in world trade in goods and services volumes, 12,4% in 2000, slumped to an estimated one percent last year and is predicted by the IMF to recover to just 2,1% this year-a... 

Petroleum product sales grow again

     6th February 2002 Growth returned to the South African petroleum market as major petroleum product sales in South Africa increased by 4,7% in the fourth quarter of 2001, when compared to the fourth quarter of 2000, stated the South African Petroleum Industry Association. 

Deal on trade-talks structure

     6th February 2002 World Trade Organisation (WTO) member governments, assembled for the first meeting of the Trade Negotiations Committee (TNC), has reached an agreement on the structure of the negotiations launched at Doha. 

Black partner for second fixed-line operator to be announced May 31

     6th February 2002 South Africa’s delayed invitation to foreign telecoms operators to bid for a fixed-line licence will be issued by early March, which officials insist will still enable the Telkom rival to start operating this year. 

Study to make Italian pick-ups in South Africa

     5th February 2002 Vehicle manufacturer Fiat Auto South Africa aims to build the Strada pick-up in this country by 2004. 

Construction at new KZN airport by March

     5th February 2002 Durban is set to become the gateway to the African continent with a billion rand tradeport and state-of-the-art King Shaka International Airport at La Mercy, on which construction will begin in March next year. 

Credit caution urged by insurer

     5th February 2002 Leading export credit insurer Credit Guarantee has warned credit managers not to assume credit worthiness on the strength of previous performances. 

SA vehicles sales rise on pre-emptive buying

     5th February 2002 South African new vehicle sales rose 8,7% in the year to January on pre-emptive buying ahead of expected price hikes, but negative growth was expected in the coming months, manufacturers said. 

Taxi recap plan still in reverse?

     4th February 2002 It seems to have disappeared in the bureaucratic void specially reserved for struggling government projects, to now only be quietly muttered about as such as a good idea at the time, but political suicide should it continue. 

Algeria aims to raise gas exports to Europe

     4th February 2002 Algerian State-run oil and gas giant Sonatrach aims to boost natural-gas exports to Europe by 41% to reach 85-billion cubic metres (bcm)a year by 2010, senior company officials said. 

World interest in SA nuclear experiment

     4th February 2002 The rehabilitation of nuclear power generation plants, which could represent part of the answer to the world’s power generation needs over the next 30 years, has taken a few steps forward in the consciousness of governments and industry in the past six months. 

German techno giants ups SA telecoms investment

     4th February 2002 Technology firm Siemens has increased its share in Siemens Telecommunications from 51% to 60%. 

Construction accidents damage SA's reputation

     1st February 2002 South African engineers are at risk of damaging their world renowned reputation as highly-skilled professionals after a number of construction accidents in the last few years. 

Big fund to support African infrastructure

     1st February 2002 A group of financial institutions backed by the UK government will drive forward an international move to bring private-sector investors into developing countries by launching a $300-million infrastructure fund for Africa. 

Oil firm hopeful of peace in Sudan

     1st February 2002 A ceasefire covering all of Sudan, Africa’s largest country, ravaged by civil war for two decades, could be in place soon, oil company Lundin Petroleum, which has drilling operations there, said. 

Icasa extends deadline for SME submissions

     1st February 2002 The Independent Communications Authority of South Africa (Icasa) has extended the deadline for public comment on licence applications for small medium and micro enterprises (SMMEs) by more than two weeks, to allow the public more time to submit their comments. 

SA railway utility now in 18 African countries

     31st January 2002 Following its latest concession to operate the Ressano Garcia–Machava railway line in Mozambique, South African railway utility Spoornet is now active in railway-related projects in 18 African countries. 

R300m investment drive for Sekhukhune

     31st January 2002 More than R300-million will be spent before March to develop one of South Africa’s most poverty-stricken rural areas – Sekhukhune. 

Another supplier selected for SA nuclear group

     31st January 2002 A subsidiary of the IST Group, IST Nuclear, has been appointed as the sole supplier of three key systems by PBMR. 

EU still wants to fish in SA waters

     30th January 2002 The European Union (EU) said it had not abandoned its effort to gain access to South Africa’s rich fishing waters, despite consistent refusals from the government over the past decade. 

Africa is falling well behind on agri research

     30th January 2002 Africa is increasingly falling behind in agricultural research, according to a World Bank research document released at the end of the New Partnership for Africa’s Development (Nepad) review workshop in Benoni, Gauteng. 

Nine stations planned for Gauteng bullet

     30th January 2002 The Gauteng provincial government has announced the location of the nine stations for the proposed speed-train link between Johannesburg and Pretoria, as well as Sandton and the Johannesburg International Airport. 

Big gas acquisition finished

     30th January 2002 The world leader in industrial and medical gases and related services, Air Liquide, announced that the South Africa Competition Commission has approved its acquisition of Fedgas, a subsidiary of German group Messer. 

Ghana hopeful of debt decision soon

     29th January 2002 The Ghanaian Minister of Finance, Yaw Osafo-Maafo, has said Ghana might reach the decision point on the highly indebted poor countries (HIPC) initiative by the end of the first quarter of this year, reports Accra Mail. 

SA-German airship alliance

     29th January 2002 South African defence group Denel has entered into a long-term partnership with German company CargoLifter for the development and production of its CargoLifter CL 160 transportation airship. 

Japanese carmaker announces R3,5bn capex plan

     29th January 2002 Car manufacturer Toyota South Africa is finally joining the ranks of significant automotive exporters with its R3,5-billion projected capital expenditure (capex) over the next five years. 

Paper group hits hard times, but is optimistic of turnaround

     29th January 2002 South African pulp and paper group Sappi posted sharply lower first quarter headline earnings on Monday, but said it expected profits for the rest of the year to return to levels seen in its fourth quarter. 

Surging demand for engineering skills

     28th January 2002 South Africa’s demand for skilled engineers seems to be surging. 

Sudan invests in 257 MW power station

     28th January 2002 German technology giant Siemens said it had won a contract to build a 257 MW power station in Sudan worth more than $175,7-million. 

SA – Scot alliance in catalyst R&D

     28th January 2002 An alliance has been formed by Sasol Technology and the University of St Andrews, in Scotland, to enhance catalyst research. 

Ghana in textiles export push

     28th January 2002 President Kufuor of Ghana has launched a public-private partnership to promote exports of textiles, garments and industrial starch from cassava that aims to create nearly 100 000 jobs and earn $3,6-billion over the next four years. The initiative will help the country take optimum advantage of... 

Letter of intent for R1,7bn gas pipeline

     28th January 2002 A letter of intent has been issued by Sasol today to the Grinaker-LTA, McConnell Dowell and CCIC Consortium for the engineering and design, procurement management, construction and commissioning of the gas pipeline from Mozambique to South Africa. 

Will Rainbow make Saldanha shine?

     25th January 2002 Once-beleaguered Saldanha Steel, now part of Iscor, is set for a new era of success thanks to the implementation of Project Rainbow, including the relining of the Corex. 

Largest SA-made transformers now US bound

     25th January 2002 South African industry has again proved its growing international competitiveness with the export of three massive electrical transformers to the US under the government’s industrial participation programme linked to the strategic defence package. The order, for a 345 kV and two 500 kV... 

R33m earkmed for Mpumalanga prisons

     25th January 2002 Two Mpumalanga prisons have been given R33-million to repair their buildings and improve the standards of prison accommodation. The money is part of R620-million budgeted last year by the national Department of Public Works for its repair and maintenance programme (Ramp). Repairs and maintenance... 

Saudi petrol retailer invests in SA payment system

     25th January 2002 Secure electronic payments company Prism Holdings has been contracted by OPW Fuelling Components Europe to supply a smartcard-based payment system for fleet and private petroleum purchases. OPW Fuelling Components Europe is a subsidiary of Dover Resources, the world’s leading fuel-handling... 

Ethanol-from-cellulose technology

     24th January 2002 Canadian company Iogen Corporation is preparing the final touches on a pilot-scale ethanol plant to demonstrate how ethanol can be produced from cellulose plant fibres. Iogen is on target to begin producing 3 100 gallons a day of fuel-grade ethanol by spring of this year, using about 40 tons per... 

Tunisia signs oil development deal with Iraq

     24th January 2002 Tunisia has signed an agreement with Iraq to develop an oilfield near the southern Iraqi province of Najaf. The agreement was signed by Iraq’s oil minister Amir Muhammed Rasheed and visiting Tunisian industry minister Moncef Ben Abdullah. “We have agreed to start development of... 

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