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Latest News

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

Eskom to approach courts to have Nersa’s 5.23% tariff decision set aside 

By: Terence Creamer     7th June 2018 State-owned electricity utility Eskom will, in the coming days, approach the courts to have the National Energy Regulator of South Africa’s (Nersa’s) tariff determination for 2018/19 set aside, chairperson Jabu Mabuza confirmed on Thursday. The action would represent Eskom’s first-ever legal... 

Eskom to approach courts to have Nersa’s 5.23% tariff decision set aside
Public Enterprises Minister Pravin Gordhan on Eskom's restructuring, 'Gupta-risation' of coal and improving primary-energy security and costs. Camera Work & Editing: Nicholas Boyd: Recorded: 7.6.2018

Icasa steps closer to priority markets review

By: Natasha Odendaal     7th June 2018 The Independent Communications Authority of South Africa (Icasa) has taken its next step in pursuing a priority markets review to identify markets for a regulatory review that could lead to lower communications costs. Icasa on Thursday embarked on public hearings on the discussion document on... 

SAA chief executive dismisses calls for business rescue

By: African News Agency      7th June 2018 South African Airways (SAA) chief executive Vuyani Jarana on Thursday ruled out the possibility of the airline being placed under business rescue. "We believe we are already executing a recovery plan. We don't believe the plan [from business rescue practitioners] is going to be significantly... 

Public sector wage deal inches closer as more unions sign

By: News24Wire      7th June 2018 The public sector wage agreement is close to being a done deal, with 48% of workers represented by trade unions at the Public Service Coordinating Bargaining Council (PSCBC) supporting the offer. A majority of 50%+1 employee agreement is required to implement the deal. 

 Public sector wage deal inches closer as more unions sign

MeerLICHT launch signals world’s first optical/radio telescope collaboration 

7th June 2018 The South African Astronomical Observatory and the Department of Science and Technology last month launched the MeerLICHT optical telescope at the Observatory site in Sutherland, which will be ‘the eye’ of the MeerKAT radio telescope. Marleny Arnoldi tells us more. 

MeerLICHT launch signals world’s first optical/radio telescope collaboration
MeerLICHT launch signals world’s first optical/radio telescope collaboration

City of Cape Town to spend R2.1bn on housing 

By: African News Agency      7th June 2018 The City of Cape Town on Thursday said its Transport and Urban Development Authority (TDA) will spend R2.1-billion on the development of new housing opportunities. This comes after the TDA budget for the next financial year, starting on 1 July 2018, was set at R5.34-billion. 

Siemens CEO urges more countries to participate in China’s Belt and Road Initiative

By: Zandile Mavuso     7th June 2018 China’s Belt and Road Initiative (BRI) represents a “new world trade order”, says Siemens global president and CEO Joe Kaeser. In a keynote address at the first Belt and Road International Summit, in Beijing, China, this week, he urged more countries to get actively involved in the BRI. 

Busa attending G7 Summit with Ramaphosa

By: Anine Kilian     7th June 2018 Business Unity South Africa (Busa) is part of the South African delegation, led by President Cyril Ramaphosa and the Department of Trade and Industry, attending the Group of Seven (G7) Summit, in Canada.   

Treasury hits back after EFF attack on Momoniat

By: Sashnee Moodley     7th June 2018 National Treasury on Thursday came to the defence of its deputy director-general Ismail Momoniat following what it called “vitriolic utterances” by the Economic Freedom Fighters (EFF). Earlier this week EFF deputy president Floyd Shivambu accused Momoniat of being corrupt, undermining black... 

Treasury hits back after EFF attack on Momoniat
Treasury deputy director-general Ismail Momoniat

Tanzania charges telecoms executives with fraud in tax evasion crackdown

By: Reuters     7th June 2018 Tanzanian prosecutors on Wednesday charged two chief executives of mobile phone companies and four other suspects with fraud as part of a crackdown against tax evasion in the East African nation. The executives charged were Le Van Dai, 35, managing director of Halotel Tanzania, owned by... 

Tribunal confirms R40m settlement agreement with Cape Gate

By: Simone Liedtke     7th June 2018 The Competition Tribunal has confirmed a R40-million settlement agreement with wire and steel manufacturer Cape Gate, following the company’s admission of price fixing, dividing markets and collusive tendering in respect of lightly galvanised wire, nails, wire and various wire products. The... 

One in every three cars exported from SA in 2017 a Merc

By: Irma Venter     7th June 2018 Mercedes-Benz South Africa (MBSA) last year again produced a record number of vehicles. MBSA’s East London plant built 106 500 vehicles (passenger cars and commercial vehicles) in 2015, growing this to a new record of 118 700 vehicles in 2016. 

One in every three cars exported from SA in 2017 a Merc

LME says plans to launch about 15 new contracts in January 2019

By: Reuters     7th June 2018 The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them from January,"... 

Seriti Resources interested in Optimum Coal as it looks to export

By: Reuters     6th June 2018 South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. Bidding for Optimum Coal would pit Seriti, which has ambitions to become a black-owned mining champion, with bigger... 

Seriti Resources interested in Optimum Coal as it looks to export
Photo by Creamer Media
Seriti CEO Mike Teke

Brand South Africa taking investor temperature ahead of investment summit

By: Terence Creamer     6th June 2018 Brand South Africa has begun consultations with foreign investors and diplomats as part of preparations for the investment conference, which President Cyril Ramaphosa will convene later this year. Ramaphosa has set a target of attracting $100-billion-worth of direct investment over the coming... 

Brand South Africa taking investor temperature ahead of investment summit
President Cyril Ramaphosa will convene an investment conference later this year

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

Africa's largest fishing firm Oceana could lose fishing rights in Namibia

By: Reuters     6th June 2018 Africa's largest fishing company Oceana Group faces a battle to hold onto its fishing rights in Namibia after the southern African country said listed firms would no longer be awarded quotas. Bidvest Namibia, which is listed on Namibia's stock exchange, could also lose its local fishing rights... 

TFR’s MMC business unit to conduct national maintenance in June

By: Marleny Arnoldi     6th June 2018 Transnet Freight Rail’s (TFR’s) Mineral Mining and Chrome (MMC) business unit, which is responsible for yearly planned maintenance where major capital replacement activities are implemented, will hold its financial year shutdown from June 7 to 13.  

TFR’s MMC business unit to conduct national maintenance in June

Rhodes’ Centre for Biological Control awarded R68m contract to help control alien plants

By: Marleny Arnoldi     6th June 2018 The newly-established Centre for Biological Control (CBC) at Rhodes University has been awarded a R68-million contract by the Department of Environmental Affairs (DEA).  

Rhodes’ Centre for Biological Control awarded R68m contract to help control alien plants
DEA Deputy Director General Dr Guy Preston & Centre for Biological Control Director Professor Martin Hill

Interest in IFC’s solar procurement solution growing across Africa

By: Terence Creamer     6th June 2018 The International Finance Corporation (IFC) reports that its programme to support African governments and utilities in procuring solar photovoltaic (PV) capacity from independent power producers (IPPs) has made significant headway in four countries, with construction of the first project under... 

Interest in IFC’s solar procurement solution growing across Africa
IFC country manager Saleem Karimjee

Metrorail does not run where people stay, work

By: Irma Venter     6th June 2018 Metrorail does not currently run “where the people are”, says Gautrain Management Agency (GMA) CEO Jack van der Merwe. Metrorail is operated by the Passenger Rail Agency of South Africa (PRASA). 

Metrorail does not run where people stay, work

AgriProtein aims to break ground on R500m Gauteng fly factory in November

By: Irma Venter     6th June 2018 Waste-to-nutrient group AgriProtein aims to break ground on its second South African fly factory in November. AgriProtein rears fly larvae on organic waste and harvests the larvae to make natural, high-protein animal and fish feed products. 

 AgriProtein aims to break ground on R500m Gauteng fly factory in November
The Cape Town fly factory

Congo mining revenues triple in Q1; oil revenues down 11%

By: Reuters     6th June 2018 Democratic Republic of Congo's (DRC's) revenues from its mining sector tripled year-on-year in the first quarter of 2018 to $397.86-million, finance ministry data showed. Revenues from the oil and gas sector dropped 10.87 percent year-on-year in the first quarter to $29.45-million, according to... 

Nkwinti announces turnaround strategy for water department

By: Marleny Arnoldi     6th June 2018 Water and Sanitation Minister Gugile Nkwinti has announced bold plans to turn around the Department of Water and Sanitation (DWS) and accelerate service delivery.  

Nkwinti announces turnaround strategy for water department
Photo by Dylan Slater
Water & Sanitation Minister Gugile Nkwinti

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

South Africa's business confidence index eases again in May

By: Reuters     6th June 2018 South Africa's business confidence fell for a fourth month in a row in May, mainly due to a slide in trade activity and higher consumer inflation following a hike in Value Added Tax. The South African Chamber of Commerce and Industry's (Sacci) monthly business confidence index (BCI) fell to 94.0... 

Necsa has suspended radioisotope production because of a non-risk technical problem 

By: Rebecca Campbell     6th June 2018 The South African Nuclear Energy Corporation (Necsa) announced on Tuesday that there had been a “non-risk” incident at its NTP Radioisotopes subsidiary. This incident resulted in the activation of safety protocols, which temporarily halted the production of medical radioisotopes. At no time was... 

Necsa has suspended radioisotope production because of a non-risk technical problem
Photo by Duane Daws/Creamer Media
An aerial view of Necsa’s complex at Pelindaba, west of Pretoria

Weak GDP number latest dampener to optimism over Ramaphosa

By: African News Agency      6th June 2018 The latest official data showing South Africa's economy contracted in the first quarter of this year is the latest dampener to the optimism triggered by President Cyril Ramaphosa's swearing in to replace Jacob Zuma in February. Critics are still giving Ramaphosa leeway to turn around an economy... 

 Weak GDP number latest dampener to optimism over Ramaphosa
President Cyril Ramaphosa

Davies launches R1bn ICT factory in East London

By: African News Agency      6th June 2018 South Africa has not been able to manufacture enough electronics products but has relied on imported tablets, cell phones and all kinds of electronic equipment, Trade and Industry Minister Dr Rob Davies said on Tuesday. "What we are witnessing today [Tuesday], is a company that is getting into... 

UN, CSIR Africa Waste Management Outlook considers African context

By: Marleny Arnoldi     5th June 2018 The starting point for the ‘Africa Waste Management Outlook’, which was launched by the United Nations (UN) and the Council for Scientific and Industrial Resources (CSIR) on Tuesday, was the global waste management outlook that was published by the UN in 2015.  

UN, CSIR Africa Waste Management Outlook considers African context
Photo by Marleny Arnoldi
CSIR principal scientist Professor Linda Godfrey speaking at the launch of the Africa Waste Management Outlook

UN, CSIR launch Africa waste management outlook

By: Marleny Arnoldi     5th June 2018 The United Nations (UN) Environment Programme and the Council for Scientific and Industrial Research (CSIR) on Tuesday released Africa’s first consolidated waste management outlook, which seeks to outline and address the impact of mismanaged waste on the continent.  

UN, CSIR launch Africa waste management outlook
Electronic waste dumped in Africa by developed countries to supposedly be reused, can end up in landfills

MTN continues Turkcell defence

By: Natasha Odendaal     5th June 2018 South African telecommunications giant MTN on Tuesday said representatives from South Africa’s Directorate for Priority Crime Investigation obtained documents from MTN’s internal and external legal counsel over the ongoing legal dispute between it and Turkish mobile operator Turkcell. Turkcell... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas
Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Shelby SA opens orders for Shelby F-150, to overwhelming response

By: Irma Venter     5th June 2018 South Africans do love their bakkies – and the bigger the better, it seems. “We are delighted to confirm that the order book is open for a limited number of 565 kW Shelby F-150 bakkies to satisfy the ultimate needs of South African bakkie owners,” Shelby South Africa (SA) CEO Peter Lindenberg... 

Shelby SA opens orders for Shelby F-150, to overwhelming response
The Shelby F-150

Nestlé launches 'zero water' manufacturing facility in Western Cape

By: Anine Kilian     5th June 2018 Nestlé South Africa on Tuesday launched its R88-million zero-water dairy manufacturing facility in Mossel Bay, in the Western Cape. The facility will allow Nestlé to reduce the factory’s water consumption by more than 50% during the first year of implementation by reusing the water recovered from... 

Nestlé launches 'zero water' manufacturing facility in Western Cape

Solidarity launches four-pronged steel industry initiative amid global steel crisis

By: Schalk Burger     5th June 2018 Trade union Solidarity on Tuesday launched a four-pronged initiative to address and mitigate the impacts of the global steel crisis on local steel producers in an attempt to save jobs and local manufacturing capacity. Solidarity deputy general secretary for metals engineering Marius Croucamp... 

Solidarity launches four-pronged steel industry initiative amid global steel crisis
The old Evraz Highveld Steel and Vanadium plant in eMalahleni

Another two South African wind projects reach financial close

By: Terence Creamer     5th June 2018 A further two South African wind farms, with a combined investment value of R6.6-billion, have reached financial close following the signing of agreements for 27 renewable-energy projects on April 4. Global wind and solar company Mainstream Renewable Power announced on Tuesday that construction... 

Another two South African wind projects reach financial close

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