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Africa squandering its potential, head of UN agency tells UK Parliament

By: African News Agency      Updated 2 hours 51 minutes ago Africa is a world leader in poverty and hunger due to a lack of committed leadership and rampant corruption, said Dr Kanayo F. Nwanze, president of the International Fund for Agricultural Development (IFAD), in an address to the upper house of the UK Parliament on Wednesday. Britain is a founding... 

Southern Africa faces worst drought in decades

By: African News Agency      8th December 2016 Nearly 14-million people in southern Africa are in need of emergency humanitarian assistance as the region faces the worst El Nino induced drought in decades. United Nations (UN humanitarian agencies and partners launched a revised action plan to outlining their response to the needs of an... 

GDP contraction a worry for investors

By: African News Agency      6th December 2016 South African investors should be concerned about the stagnant economic growth which also has an adverse impact on business confidence, an economist said on Tuesday. This comes after South Africa’s gross domestic product (GDP) growth rate slowed to 0.2 percent in the third quarter, recording a... 

GDP growth slows to 0.2% in Q3

By: News24Wire      6th December 2016 South Africa’s gross domestic product (GDP) grew at a meagre 0.2% in the third quarter of 2016, Statistics South Africa announced on Tuesday. The growth recorded was significantly lower than the previous quarter’s 3.3% and 0.1 percentage point lower than the 0.3% recorded in the third quarter of... 

Botswana, Namibia expand scope of Trans-Kalahari railway project

By: African News Agency      2nd December 2016 The government of Botswana and Namibia have expanded the scope of the Trans-Kalahari Railway Line project from being a dedicated coal export route to a multisectoral project designed to unlock the potential of other economic sectors along the corridor. Addressing parliament in Gaborone on... 

Company extends range to meet demand for portable power

     2nd December 2016 Having identified a growing need for dependable portable power, particularly for use in agriculture and mining, for maximum efficiency of power tools in construction and for small-scale commercial and residential applications, custom power solutions provider Vert Energy is extending its range of... 

Continued investment growth foreseen in Western Cape

By: Simone Liedtke     2nd December 2016 The Western Cape is increasingly being recognised as a feasible alternative gateway into South Africa or Africa, owing to it contributing 14.3% of the country’s gross domestic product, making it the second biggest provincial economy in the country, says engineering and design company WSP |... 

Plans in place to stimulate industries for further economic growth

By: Simone Liedtke     2nd December 2016 Being the second largest regional economy after Gauteng, the Western Cape is set on creating new industries as well as stimulating labour-intensive industries such as agroprocessing, marine culture, the green economy, tourism, and oil and gas to further grow the economy. 

Solar system donation for Western Cape nonprofit organisation

By: David Oliveira     2nd December 2016 Solar power solutions manufacturer SolarWorld Africa donated a R120 000 5 kW solar system to Western Cape-based non-profit organisation Grootbos Foundation’s Green Futures horticulture and life-skills college, which will significantly reduce the foundation’s electricity overheads, allowing for... 

BASF appoints new South Africa MD, country cluster head

By: Megan van Wyngaardt     1st December 2016 International chemicals company BASF has appointed Benoit Fricard South Africa MD and Southern Africa country cluster head. He joined the organisation in 2002 and most recently held the position of BASF South America performance materials director. 

Diligent Glencore delivers on debt promise, restarts dividend

By: Martin Creamer     1st December 2016 Diversified mining and marketing company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.  JP Morgan Cazenove analysts described the... 

CSG commission gets new lifeline

By: Esmarie Swanepoel     1st December 2016 The Queensland government will appoint an independent ombudsman to work with landholders and gas companies on coal seam gas (CSG) industry issues. State Development and Natural Resources and Mines Minister Dr Anthony Lynham said on Thursday that the new land access ombudsman was a central element... 

Drought prevails in South Africa despite increased rainfall

By: Anine Kilian     30th November 2016 Despite the significant increase in rainfall across South Africa in recent weeks, the country is still experiencing a severe drought, noted Council for Scientific and Industrial Research (CSIR) climate modelling chief researcher Professor Francois Engelbrecht on Wednesday. Speaking at a CSIR... 

Omnia H1 profit down 11% y/y amid drought, plant breakdown

By: Megan van Wyngaardt     29th November 2016 South African chemicals producer Omnia on Tuesday reported that negative impacts on its agriculture division, including the drought and a breakdown at its Nitric Acid 2 complex, have seen its gross profit decrease by 11% year-on-year to R1.5-billion for the six months to September 30. The... 

Unique concept recognised with prestigious prize

     28th November 2016 Case IH autonomous tractor development takes silver medal in SIMA awards scheme Prize awarded by SIMA organization / Recognition of Autonomous Concept Vehicle’s potential to make both machinery and labour more productive / Tractor based on proven. Case IH Magnum drivetrain / Design focus is on... 

Agribusiness to face several challenges in the new year – Agbiz

By: Anine Kilian     25th November 2016 The South African agribusiness environment will be faced with various challenges in 2017, especially in terms of engaging with key land reform legislation, according to Agricultural Business Chamber (Agbiz) CEO Dr John Purchase, who delivered an agricultural industry forecast for 2017 on Friday.... 

AfDB appoints new regional director-generals to roll out business plans

By: Megan van Wyngaardt     25th November 2016 The African Development Bank (AfDB) has appointed Dr Tonia Kandiero as DG of its Southern Africa regional development and business delivery office, effective December 1. The office forms part of the AfDB’s new business approach to accelerate its business and development impacts across the continent. 

Signs of hope in South Africa’s struggling agriculture sector  

By: Anine Kilian     25th November 2016 The agriculture sector contributes about 1.6% to South Africa’s gross domestic product (GDP), below the 2.2% contribution that is needed for the sector to remain sustainable, Agricultural Business Chamber (Agbiz) CEO Dr John Purchase said on Friday. Addressing delegates at a conference focused on... 

Creecy unveils R250bn Gauteng budget, warns on risk late invoice payments pose

By: Megan van Wyngaardt     22nd November 2016 Departmental accruals, where invoices from one financial year are forwarded for payment in the following financial year, pose a threat to the overall financial health of the Gauteng provincial government (GPG) and its R250-billion Medium Term Budget, Finance MEC Barbara Creecy said on Tuesday.... 

Agri confidence declines marginally in Q4, but business is still positive

By: Anine Kilian     21st November 2016 While the Agricultural Business Chamber (Agbiz)/IDC Agribusiness Confidence Index declined by five index points in the fourth quarter of this year to 55 index points, any index above 50 still indicates expansion in South African agribusiness, said Agbiz in a statement released Monday. The chamber... 

Barloworld, BayWa extend collaboration in Southern Africa

By: Megan van Wyngaardt     18th November 2016 JSE-listed Barloworld and German company BayWa have entered into a joint venture (JV) to further expand their agriculture and materials handling operations in Southern Africa. Subject to approval by competition authorities, the parties will establish a 50:50 JV company, BHBW Holdings, which will... 

These are SA's 3 worst performing provinces 

By: News24Wire      17th November 2016 The Free State, Mpumalanga and North West provinces failed to improve their audit outcomes over the past three years, according to Auditor General South Africa (AGSA). Auditor general (AG), Kimi Makwetu, shared the past year’s audit results at a press briefing held at Parliament on Wednesday. 

Plastics|SA Helps Industry Members Prepare For An Uncertain Future

     16th November 2016 Energy experts give advice on how to face the current economic downturn by implementing energy and water solutions. The Sustainability Council of Plastics|SA and DRA Global Engineering Consultants hosted a seminar entitled “Preparing for an uncertain future” in which a panel of sustainability... 

Decolonisation of science – what is it?

By: Saliem Fakir     11th November 2016 A group of University of Cape Town students organised a panel discussion on the decolonisation of science, which is also another way of saying that science should be Africanised. The YouTube version of the debate went viral, arousing consternation in some quarters and mocking and ridicule in... 

Strong sense of irony as Eskom solicits energy-intensive connections

By: Terence Creamer     11th November 2016 Amid weak economic growth, falling industrial and mining demand and a rise in plant availability, Eskom has appealed to industrial customers to approach it for new connections, saying it is “open for business”. The State-owned utility announced a recovery in the energy availability factor (EAF)... 

Amplats pilots fuel cell rural electrification microgrid 

     9th November 2016 Anglo American Platinum has piloted the electrification of 34 households using a methanol-based fuel cell microgrid over the past 28 months. It will decommission the field trial next month. 

South Africa has most construction projects on continent – report

By: Megan van Wyngaardt     9th November 2016 South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each. South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s 'Africa... 

IFC study finds climate pact helped open up $23tn in emerging market opportunities

By: Creamer Media Reporter      8th November 2016 A study released on Tuesday by the International Finance Corporation (IFC), a member of World Bank Group, shows that the historic global agreement on climate change adopted in Paris last year helped open up nearly $23-trillion in opportunities for climate-smart investments in emerging markets... 

DMR must be challenged, good governance must be assured

By: Martin Creamer     7th November 2016 Mining has the wealth-generating potential to boost economies, but countries blessed with a mineral endowment must at least do their bit by assuring good governance. Regrettably, against the background of the recently released 'State of Capture' report of former Public Protector Thuli Madonsela,... 

Anton Hanekom

     4th November 2016 This week we feature Anton Hanekom, executive director of Plastics South Africa, an industry body that represents the full value chain in the plastics industry 

Custom-made hoses to be used by railway groups

     4th November 2016 Benoni-based automotive tyre and industrial rubber products producer Dunlop Industrial Products has a high penetration in the African continent where it supplies custom-made solutions, such as the design and supply of vacuum and air brake hoses for State-owned utility Transnet, Passenger Rail... 

New technology extended to wagon and passenger bogies

By: Simone Liedtke     4th November 2016 Having become the first rolling stock company in the southern hemisphere to pioneer its own fabricated lightweight, cost-competitive locomotive bogie, South Africa-based locomotives company DCD Rolling Stock is extending its technology to wagon and passenger coach bogies aimed at the global market. 

South Atlantic cable to offer cost, connectivity benefits

By: Schalk Burger     4th November 2016 The $130-million South Atlantic Cable System (SACS) will reduce latency between Africa and South America from 300 ms to 63 ms once it is completed in mid-2018, says Angola Cables CEO Antonio Nunes. The cable system, which traverses 6 500 km of the Atlantic between Fortaleza, Brazil, and Sangano,... 

KP looking to add Mozambique as a member

By: Megan van Wyngaardt     3rd November 2016 Kimberley Process (KP) chairperson Ahmed Bin Sulayem, has met with Mozambique President Filipe Nyusi to discuss the country’s compliance with KP requirements, as well as best practices in rough diamond valuation. Mozambique is not currently a member of the KP, but has been an aspiring candidate... 

Comsol announces largest IoT network deployment in Africa

     3rd November 2016 Comsol’s open architecture, open platform Low Power Wide Area National network deployment, Comsol IoT, has been launched. Backed by a global alliance and driven by international giants such as Cisco and IBM, the latest generation IoT network offers low cost, long range, low power IoT... 

Fruit SA signs MoU to access fruit market in China

By: African News Agency      2nd November 2016 Fruit South Africa has signed a Memorandum of Understanding (MoU) with the Peoples Republic of China in a bid to strengthen collaboration and to ensure market access for fruit between the two countries. In a statement on Wednesday, Fruit SA said its vice chairperson, Willem Bestbier signed the... 

Tradecore Steel Milestone: Celebrating 1 Year Trading

     2nd November 2016 01 November 2016 marks the first 1st anniversary for TradeCore Steel. Tradecore Steel has grown from a small trading facility to an internationally recognized supplier of steel products. TradeCore Steel (Pty) Ltd opened its doors as a privately-owned steel trading and distribution company in... 

Possibility of downgrade concerning to capital markets

By: Megan van Wyngaardt     1st November 2016 Should South Africa’s debt rating be downgraded at the end of the year, there will be a flurry of activity in the country’s capital markets, as investors will need to readjust their portfolios, JSE post-trade and information services director Dr Alicia Greenwood said on Tuesday. During a panel... 

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