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Looming price falls may force big miners to speed up asset sales

By: Reuters     26th July 2016 Three of the world's top five miners will need to step up asset sales in the second half of this year to meet a $14-billion full-year target as they race to cut debt, with a recent rally in commodities prices seen as short-lived. The world's biggest miners predicted doom and gloom for 2016 six... 

Stanbic receives Côte d’Ivoire banking licence

By: Anine Kilian     25th July 2016 Standard Bank, trading as Stanbic Bank, has been awarded a banking licence in Côte d’Ivoire.  The group opened a representative office in the country in December 2013, signaling a drive towards establishing a presence in Francophone West Africa. 

Drone technology investment a ‘shot in the arm’ for resources sector

By: Mariaan Webb     25th July 2016 The Queensland government's A$1-million investment in drone technology has been hailed as a “shot in the arm” for the resources sector at large. Queensland Resources Council CEO Michael Roche on Monday described the funding announcement as a “welcome boost” to the adoption of remotely piloted... 

Gold Fields appoints two more directors

By: Megan van Wyngaardt     22nd July 2016 Gold Fields has appointed Alhassan Andani and Peter Bacchus as independent nonexecutive directors, effective August 1 and September 1, respectively. Gold Fields earlier this month announced that former KPMG Africa chairperson Yunus Suleman would join the board in September, while outgoing Impala... 

Cele warns of further food price hikes as drought continues

By: News24Wire      22nd July 2016 Ongoing drought in South Africa has disrupted food production and threatens to push food prices up, agriculture deputy minister Bheki Cele said on Thursday. He said recent rain has not helped improve water levels in the country’s dams and as a result farmers were unable to produce enough food to... 

South Africa’s first locomotives

By: Jade Davenport     22nd July 2016 The South Africa of the late 1850s was an economic and industrial backwater with limited growth prospects, especially when compared with other colonial outposts. Diamonds and gold, which were to drive the country’s industrial revolution, were still a long way from being discovered and, thus, the... 

Where does Brexit leave the SADC-EU EPA?

By: Riaan de Lange     22nd July 2016 James Harold Wilson, Baron Wilson of Rievaulx, KG, OBE, FRS, PC, or simply Harold Wilson was Prime Minister of the UK from 1964 to 1970 and  from 1974 to 1976. He is also famed for having said that “a week is a long time in politics”. Granted, it had been longer than a week – 17 days, to be... 

Uranium is the dirty underbelly of nuclear – scientist

By: News24Wire      21st July 2016 Antinuclear sentiment tends to focus on nuclear waste or operational risks, but more focus should be on the “dirty underbelly” of uranium mining, according to a science adviser. “Whenever people get excited about nuclear power stations, they kind of forget where the actual uranium comes from,” Dr... 

Local truck sales struggle, but exports jump as rand strengthens

By: Irma Venter     20th July 2016 South Africa’s commercial vehicle industry faces some tough challenges at the halfway mark of 2016, says UD Trucks Southern Africa acting VP Gert Swanepoel. Sales in the truck industry are closely linked to macroeconomic conditions in South Africa, with both facing an uphill battle to recover.  

DMCC and Dubai Civil Aviation Authority Join Forces to Introduce Drones Trading in the UAE

     18th July 2016 DMCC, the Government authority on trade, enterprise and commodities in Dubai, today announced an ongoing collaboration with the Dubai Civil Aviation Authority to create and launch drones trading platform, the first of its kind in the UAE. To mark this partnership, Gautam Sashittal, DMCC Chief... 

Recycling – A Priority For Mediterranean Countries

     13th July 2016 In an attempt to encourage the young minds of the future to be environmentally responsible and also venture into a new and growing industry represented by environmental services and sustainability, the European Union funded multilateral cross-border cooperation Program ‘Mediterranean Sea Basin’... 

Why agriculture is vital for South Africa's economic future

By: News24Wire      12th July 2016 Countries that tax agricultural sectors are normally poor. Countries which subsidise the agricultural sector are normally rich. This is according to agricultural economist professor Mohammad Karaan, a speaker at National Treasury’s Public Economics Winter School being held at the University of... 

BKT Tire Ranges Are Undoubtedly Perfect For Haymaking Operations

     12th July 2016 Excellent traction, limited soil compaction, high loading capacity, resistance to the roughest surfaces and maximum driving comfort. These are the distinctive features of the BKT tire lineup conceived for harvesters, balers and telehandlers. Today one of the main Off-Highway tire manufacturers... 

France, South Africa join hands on development

By: Natasha Odendaal     11th July 2016 There is further room to increase bilateral trade and investment and expand cooperation between South Africa and France, particularly in energy and infrastructure, President Jacob Zuma said on Monday. Zuma, currently on his second State visit to France to meet with French counterpart President... 

Govt subsidies for development programmes unsustainable – Gordhan 

By: Shirley le Guern     8th July 2016 The level of government subsidies for development programmes was not sustainable and alternative sources of funding needed to be found, Finance Minister Pravin Gordhan told a KwaZulu-Natal Institute for Architecture conference in Durban on Friday. Addressing the conference theme – ‘Calling for a... 

The disrupted will become disruptors in fourth industrial revolution

By: Natasha Odendaal     8th July 2016 The fourth industrial revolution – the “digital era” – is set to change the pace of adaptation, in line with Moore’s Law, or result in companies being left out in the cold. The exponential growth of the fourth industrial revolution and the rapid transitional momentum that was under way, would... 

Bauma Conexpo Africa 2018

     8th July 2016 The dates for the next Bauma Conexpo Africa are confirmed: : The third International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles will be held at the Johannesburg Expo Centre from March 13 to 16, 2018. According to Stefan Otto,... 

Despite El Niño, Omnia maintains agri sales volumes

By: Mia Breytenbach     8th July 2016 Despite the effects of the El-Niño weather phenomenon and the resulting drought this past year, JSE-listed Omnia’s Agriculture division delivered a “surprisingly good” performance, says Omnia CEO Rod Humphris. The Agriculture division maintained sales volumes in the difficult current economic and... 

New portable compressor range affords fuel savings

     8th July 2016 Compressed air and gas solutions manufacturer CompAir, which is part of the Gardner Denver Group, is launching a new DLT0705 range of portable compressors with a Stage 3B emissions compliant engine. The DLT0705 is being upgraded to the latest emission compliance regulations. This range includes... 

SA’s first public rail infrastructure

By: Jade Davenport     8th July 2016 It has been established that South Africa’s first rail-esque infrastructure was a 1.6N km oxen-operated wooden line, which was laid along Durban’s Bluff in 1856 to facilitate the conveyance of quarried sandstone for the construction of the harbour’s North Pier. However, the country did not have... 

Temporary power plants an immediate solution to energy challenges

     8th July 2016 Temporary power plants represent an immediate, reliable, scalable and cost-efficient solution to Southern Africa’s power concerns, says large-scale power solutions provider Altaaqa Global Cat Rental Power marketing manager Robert Bagatsing. 

Consumer confidence wanes as economy is hammered

By: News24Wire      5th July 2016 Growth in real consumer spending will likely drop to near 0% in 2016, warned FNB chief economist Sizwe Nxedlana. He was commenting on the latest FNB/BER Consumer Confidence Index (CCI) released on Tuesday, which revealed that consumers are very concerned about the outlook for the ailing economy... 

Zuma leads delegation to France to promote trade

By: Anine Kilian     4th July 2016 President Jacob Zuma will lead South African Ministers and a business delegation on an official State visit to France from July 11 to 12. The key objective for the visit would be to promote South Africa’s exports and to attract investment in the automotive, ship-building, aquaculture and energy... 

SA needs to step up water management

     4th July 2016 Bimo Nkhata (Ph.D), Associate Professor and director of the Water Research Node, Monash South Africa   In light of the recent move by the South African parliament to declare the drought faced by South Africa a national disaster, Monash South Africa’s Centre for Transformative Research in... 

Solar Panels – On Or Off The Grid Cover For Farmers

     4th July 2016 Farmers taking a beating from the African sun can now find some relief when it comes to insurance cover for solar panels installed on their properties. To assist farmers wanting to pursue and secure independent power sourcing options, leading insurer Santam, now offers extended cover for solar... 

Hudaco keeps eye on acquisition opportunities as it diversifies

By: Natasha Odendaal     1st July 2016 As JSE-listed Hudaco Industries continues diversifying into markets with stronger growth potential, acquisitions remain on the cards as the company feels the pinch of a stalled economy. Businesses in the automotive, food and beverage and communication sectors were of particular interest to... 

From Menlyn Maine Investment Holdings And Flanagan & Gerard Property Development & Investment

     1st July 2016 R1.6 billion Ballito Junction to brings top shopping to north KZN’s permanent population The permanent population of Ballito and its surrounds will soon have the choice of over 130 stores handpicked especially for them, when the Ballito Junction Regional Mall redevelopment opens in March 2017.... 

Botswana markets itself as an attractive business destination

By: Dylan Slater     1st July 2016 Several key factors make doing business in Botswana attractive, according to Botswana high commissioner Zenene Sinombe, who posed several key sentiments of business opportunities during the launch of inter-country relations promotion platform the Africa Matchmaking in May.  

Russia seeks to promote intra-Brics investment, economic development

By: Keith Campbell     1st July 2016 Russia is proposing a number of potential trade, investment and economic development projects within the framework of the Brazil, Russia, India, China and South Africa (Brics) alignment. These cover a wide range of sectors, including energy, water resources, mining and mining equipment, the... 

South Africa must find ways to leverage trade policy to support small firms

By: Mia Breytenbach     1st July 2016 South Africa has to find ways of ensuring that small businesses participate actively in the global market, through not only export facilitation, trade exhibitions and market access opportunities obtained through preferential market opportunities but also through joint ventures (JVs), foreign... 

Steel exporter adapts for changing steel landscape

By: Victor Moolman     1st July 2016 Owing to the global economic downturn, and tough and volatile trading conditions, steel distributor Building System Integration (BSi) Steel has continually adapted and modified its handling of the supply of steel products, to meet the demand in the sub-Saharan African markets. 

What next for environmentalism?

By: Saliem Fakir     1st July 2016 This question – What's next for environmentalism? – arose from a reflection piece (which is available on the WWF-SA website) that I wrote for the Ecomodernist Manifesto (EM), which was launched in the US last year. The EM was written by 18 experts associated with the Breakthrough Institute, in... 

New policymaker booklet to be introduced next week

By: Creamer Media Reporter      30th June 2016 A new policymakers advisory booklet on climate change adaptation and resilience in Africa will be launched at an upcoming communication event in Mauritius next week. The Academy of Science of South Africa (ASSAf), the Mauritius Academy of Science and Technology and the German National Academy of... 

Africa’s Climate Change Adaptation Examined

     30th June 2016 Representatives from African countries are gathering in Mauritius next week to deliberate on measures to counteract Africa’s vulnerability to the impact of climate change and the importance of scientific evidence to enable society to understand and respond to climate change threats.   The Academy... 

Goscor Cleaning Equipment formalises Namibian dealership agreement and strengthens African footprint

     30th June 2016 In a strategic move to expand its African footprint, South Africa’s leading quality cleaning equipment and service solutions supplier, Goscor Cleaning Equipment, has formalised its partnership with Namibian-based dealer, Taurus Maintenance Products Namibia (Pty) Ltd. Established in 1981, Taurus... 

South African regulator clears AB InBev, SABMiller merger with conditions

By: Reuters     30th June 2016 South Africa cleared Anheuser-Busch Inbev's $100-billion-plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months. The Competition Tribunal, which gives the final word on mergers in Africa's most industrialised... 

Makhura eyes Gauteng as heart of South Africa’s industrial revival

By: Natasha Odendaal     30th June 2016 Gauteng, and more specifically the City of Ekurhuleni, should be used as a base for South Africa’s reindustrialisation programmes and drive the unfolding fourth industrial revolution, Premier David Makhura has said. Ekurhuleni, South Africa’s oldest industrialised region, remained the... 

S Africa still reliant on coal, struggling to transition to low-carbon economy 

By: Anine Kilian     29th June 2016 South Africa is the twelfth-greatest emitter of greenhouse gases (GHGs) in the world, as well as the biggest polluter on the African continent, according to German political foundation Friedrich Ebert Stiftung (FES) South Africa director Renate Tenbusch, speaking at a roundtable event on black... 

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