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Exponential increase in the number of power generation projects

17th February 2017 The African continent’s large energy deficit has resulted in an exponential increase in the number of power generation projects – both planned and implemented – as well as the number of stakeholders which are a consequence of renewed commercial interest in the African energy sector, says... 

Specialised energy mission from South Africa to Zambia commended for innovative approach to doing business in Africa

9th February 2017 A South African energy sector trade and business delegation recently had another successful trip to Zambia. The trade mission was jointly led by Trade Invest Africa and the South African Electrotechnical Export Council. “We are impressed by the calibre of companies from the South African Energy... 

Organisation responds to skills shortage in industry

11th November 2016 Credit and investment insurance solutions provider Export Credit Insurance Corporation of South Africa (ECIC) highlights that its belief in the socioeconomic development potential of the country has led it to adopt skills development for the construction industry as one of the focus areas at its... 

Hard currency availability a challenge for cross-border trade in Africa

14th October 2016 An issue that has come into sharp focus for businesses in Africa is the shortage of available hard currency as most capital projects on the continent tend to be funded in US dollars although they may generate their revenue in local currency, says Export Credit Insurance Corporation of South... 
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Tullow pays down debt, raises profit in first half under new CEO

Tullow Oil said on Wednesday it had further reduced debt in the first half of the year after a surprise cash call in March and made a small increase in gross profit over the period thanks to higher output and an insurance payment. The Africa-focused company also trimmed its annual capital... 

Black-controlled Wescoal set to soar

Stripping out Wescoal’s once-off nonrecurring costs paints a pretty picture of the performance of this black-controlled coal-mining and coal-marketing junior, which has declared a dividend payout of R22-million compared with R10-million last year The once-off costs of R90-million arose from the... 
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