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Rains offer silver lining in agriculture sector – FNB

By: Anine Kilian     16th January 2017 Although the ongoing drought in South Africa, alleviated by rain in some provinces notwithstanding, has resulted in the country’s gross domestic product (GDP) decelerating in 2016, the prices of various agricultural products are expected to moderate this year as rain across producing areas boosts... 

DTI responds to Malema's poultry tariff hike demand 

By: News24Wire      13th January 2017 The Department of Trade and Industry (DTI) has established a national committee that will consider the challenges local poultry producers currently face, according to Minister of Trade and Industry Dr Rob Davies. “The national committee, which includes the Department of Agriculture, Forestry and... 

SA fly-farm venture secures funding for global expansion

By: Irma Venter     12th January 2017 Cape Town-based waste-to-protein producer AgriProtein says it has secured $17.5-million of further capital from its key strategic partners to fund the company’s expansion into Europe, North America and Asia.   The new investment values the fly-farming venture at more than $117-million.   The new... 

SA's negative outlook sign of downgrade to follow - S&P

By: News24Wire      12th January 2017 More credit downgrades by Standard and Poor’s (S&P) are likely in 2017, and South Africa is in the firing line. According to analysts, S&P is likely to downgrade South Africa’s sovereign credit rating to junk status by mid-2017. 

Department of Trade and Industry commits to helping local poultry industry

By: African News Agency      10th January 2017 The Department of Trade and Industry (the DTI) on Monday said the South African government had been working with the local poultry producers to address the challenges in the industry as a result of chickens imported from European Union (EU) countries. The DTI was responding to the plea made by... 

Lobster to disappear from menus in five years – WWF 

By: Megan van Wyngaardt     22nd December 2016 Conservation organisation World Wide Fund (WWF) South Africa on Thursday warned that the West Coast rock lobster, commonly known as kreef, could disappear from menus altogether within the next five years unless radical action is taken to save the fishery. For this reason, the organisation... 

Vale sells fertiliser unit to Mosaic, to become top shareholder

By: Reuters     20th December 2016 Vale's $2.5-billion sale of its fertiliser business to Mosaic Co, the latest step in the Brazilian iron-ore miner's strategy to reduce debt, also makes it the US company's biggest shareholder. Mosaic, which made the deal to improve its access to Brazil's vast agricultural markets, will pay... 

Eskom business competition boosts local agriculture business

By: Megan van Wyngaardt     19th December 2016 A Makhado-based agriculture outfit, the Vhumatshelo Crop Farming Cooperative, has received a R450 000 grant, from the Limpopo Department of Social Development (DSD), to further grow their operations, The cooperative was recognised after performing well in their category in the yearly Eskom... 

Fawu promises protests against poultry imports in 2017

By: African News Agency      17th December 2016 The Food and Allied Workers Union (Fawu) on Friday promised to continue mass protests against poultry imports in 2017, dismissing a recent import tariff hike as being too little, too late. Fawu national secretary Katisha Masemola said in a statement released on Friday that it welcomed a recently... 

South Africa’s National Nuclear Regulator hosts international nuclear mission

By: Keith Campbell     16th December 2016 An Integrated Regulatory Review Service (IRRS) mission of the International Atomic Energy Agency (IAEA) visited South Africa from December 5 to December 15. The purpose of the IRRS mission was to examine South Africa’s nuclear regulatory system and compare it with the IAEA’s safety standards and... 

Report says Zambia needs more friendly tax regime to attract mining investors

By: Ilan Solomons     15th December 2016 Zambia needs a more competitive mining tax regime to entice new and existing investors to invest billions of dollars in the mining industry and boost flagging production, says Zambia Chamber of Mines (ZCM) president Nathan Chishimba. “Zambia Finance Minister Felix Mutati’s Budget Speech, last... 

NWK reports H1 profit contraction, optimistic of H2 recovery

By: Natasha Odendaal     14th December 2016 Agriculture products and services provider NWK’s half-year profit has declined; however, the second half of the 2017 financial year is forecast to be much improved as the group sheds certain lossmaking operations, assisted by a normal production season after four seasons of drought. For the six... 

South Africa, Nigeria adopt two-year action plan on cooperation in mining

By: African News Agency      14th December 2016 South African Mineral Resources Minister, Mosebenzi Zwane and his Nigerian counterpart, Kayode Fayemi, on Tuesday endorsed a two-year action plan for the implementation of a memorandum of understanding (MoU) on cooperation in the fields of geology, mining and mineral processing. Both ministers... 

Farm workers earn through carbon credit programme

By: Megan van Wyngaardt     13th December 2016 Twenty-seven employees of the Spier wine estate, in Stellenbosch, have, through a climate change mitigation initiative, shared half the R204 000 paid out from carbon credits – derived from practicing regenerative farming on a section of the organically certified wine farm. An average of R4 000... 

Rolfes anticipates H1 earnings growth

By: Natasha Odendaal     12th December 2016 JSE-listed Rolfes expects a double-digit increase in earnings for the six months to end December 31. The chemical group estimated that headline earnings per share (HEPS) would be 25% higher, reaching in excess of 35.4c apiece, compared with the HEPS of 28.4c reported in the corresponding period... 

DTI acknowledges poultry stakeholder concerns over imports

By: Anine Kilian     9th December 2016 The Department of Trade and Industry (DTI) has acknowledged concerns raised by South Africa’s poultry industry with regard to the increase in poultry product imports. Through the DTI and the Department of Agriculture, Forestry and Fisheries (DAFF), government has been working with the domestic... 

Water essential for socioeconomic growth – Mokonyane

By: Anine Kilian     9th December 2016 Addressing a delegation at an Orange-Senqu River Basin Commission (Orasecom) meeting in Kempton Park, Gauteng, on Friday, Water and Sanitation Minister Nomvulo Mokonyane highlighted the need for access to water as a serious challenge facing South Africa, as water security is necessary and... 

Innovative wastewater treatment system launched in W Cape

By: David Oliveira     9th December 2016 Water solutions provider Maskam Water launched the Clarus Fusion sewage treatment system, which substitutes treated water with recycled water for sanitation, industrial or irrigation use, in October. The decentralised wastewater treatment system, launched at the company’s premises in Brackenfell... 

Research ongoing to further develop biogas in South Africa

     9th December 2016 Despite the biogas sector being a well developed industry globally, ongoing research continues to further develop and strengthen the industry in South Africa, highlights the South African Biogas Industry Association (Sabia). The association notes that a variety of biogas applications have been... 

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

By: African News Agency      8th December 2016 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.... 

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