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S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns 

By: Terence Creamer     23rd May 2016 A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding on around 200 000... 

Jindalee acquires Australia’s third largest magnesite deposit

By: Mariaan Webb     23rd May 2016 Exploration firm Jindalee has acquired exploration licence EL5/2016 covering the Arthur River and Lyons River magnesite deposits, in Tasmania, which used to belong to coal miner Beacon Hill. Jindalee stated on Monday that the area covered by EL5/2016 contained Australia’s third-largest inventory... 

CEOs, govt work on initiatives to stave off downgrade

By: Creamer Media Reporter      20th May 2016 Around 90 CEOs were working in conjunction with government to protect South Africa’s investment grade credit rating, the Banking Association South Africa said in a statement on Friday. Led by Telkom chairperson Jabu Mabuza, the National Business Initiative, along with the Department of Finance... 

Tanzania to start building $3bn fertiliser plant this year

By: Reuters     20th May 2016 Tanzania plans to start work this year on a $3-billion fertiliser plant, which it said on Friday will be Africa's largest, as part of an effort to increase its agricultural production. The factory, which Tanzania is building along with a consortium from Germany, Denmark and Pakistan, will use... 

Engen donates R1 million to Agri SA Drought Relief Fund

By: Creamer Media Reporter      20th May 2016 Engen Petroleum, a leading producer and marketer of fuels, lubricants and oil-based products, handed over a cheque for R1 million to Agri SA for drought relief at this year’s Nampo agricultural show, which runs from 17-20 May. The donation was made in response to a call for help from the... 

Peru's Fujimori takes tough stance on Southern Copper Tia Maria project

By: Reuters     19th May 2016 Peruvian presidential contender Keiko Fujimori said it would take "many years" for Southern Copper to regain the trust of farmers, which she said is part of the community support she considers critical to developing the company's $1.4-billion Tia Maria copper project. The centre-right candidate... 

Water, energy sectors need to collaborate more – World Bank

By: Kim Cloete     18th May 2016 The interplay between water and energy is more critical than ever, with climate change forcing people to work together, according to World Bank energy and extractives global practive director Charles Feinstein. “You can’t tackle energy problems without being sensitive to water demands. Global... 

Western Cape launches climate change action plan 

By: Anine Kilian     17th May 2016 The Western Cape government on Tuesday launched a comprehensive climate change response strategy called Smart Agri, which aims to to combat the impact of extreme weather events on the province’s agriculture sector. Smart Agri was unveiled by provincial Economic Opportunities Minister Alan Winde... 

Global companies start to influence consumers

By: Kim Cloete     16th May 2016 In the wake of mounting climate change, a global conference on sustainable brands has shown how some companies are starting to innovate and redesign manufacturing, products and services to be more in tune with sustainable practices. “Brands, large and small, are showing the way, with some... 

It all starts with lifting: Renttech South Africa’s Unilift range of lifting and rigging equipment provides both peace of mind and value for money

     16th May 2016 The role that lifting and rigging plays in industry is often underestimated, but in many cases an entire industrial process both starts and ends with the lifting of heavy materials. Indeed, lifting is an integral part of most industries, from mining to manufacturing, construction to engineering,... 

Innovation and research needed to bolster farming productivity

By: Mia Breytenbach     13th May 2016 As South Africa struggles with rising food prices, the effects of the worst drought in 20 years and water shortage, the Global Conference on Agricultural Research for Development (GCARD) highlighted how the country’s agricultural industry could address some of the challenges from an agricultural... 

Leakage system provides solutions in Johannesburg

By: Simon Sonnekus     13th May 2016 Water-leak detection and control systems provider AquaTrip South Africa has reasserted its focus on conserving water with the installation of its electronic valve, which monitors water flow at schools across Johannesburg. The Brisbane-based company has a regional office in Stellenbosch, in the... 

New manifold series launched and locally produced

By: Simon Sonnekus     13th May 2016 Along with the start of local production later this year, global pneumatics technologies manufacturer SMC Pneumatics has boosted its local range with the redesigning of its SY series of valve manifolds.  SMC Pneumatics product manager Ernst Smith notes that the new series is available in three... 

Water taken from Sterkfontein still not replaced – Muller 

By: Martin Creamer     12th May 2016 Water extracted from the Sterkfontein dam had still not been replaced, six months after officials promised that it would be, Wits School of Governance visiting adjunct professor Mike Muller has pointed out. Speaking at this week’s South African Institution of Civil Engineering Civilution... 

WA Budget earmarks A$30m for exploration

By: Esmarie Swanepoel     12th May 2016 Western Australia would invest a further A$30-million between 2017 and 2020 on the Exploration Incentive Scheme (EIS) to facilitate the hunt for resources in the region, Treasurer Mike Nahan announced in the state’s 2016/17 Budget on Thursday. He also stated that a further A$6-million would go... 

Joburg Market Day focuses on Agro-processing business opportunities, supporting entrepreneurs

     12th May 2016 The City of Johannesburg in conjunction with a range of partners collaborated to facilitate the Joburg Market Day for Agricultural and Agro-processing sectors. This focused on targeting entrepreneurs and export possibilities for fresh produce. 

Limpopo receives R940m investment for renewable energy from US, Chinese companies

By: African News Agency      11th May 2016 American and Chinese companies are set to invest R940-million in Limpopo to pursue renewable energy and ethanol profits, government and investors have announced. The United States’ Bio-Processing Innovation and the Beijing Singling Technology Centre said on Tuesday that they had discovered a... 

World Bank suggests new measure to address effects of drought in African dry-lands

By: African News Agency      11th May 2016 The World Bank says irrigation, improved crop production technologies, soil fertility management and adding trees to current farming systems could help reduce the impact of drought in Africa’s dry-lands by half and help save an estimated 5.5-million people annually from food insecurity. In a new... 

Collaboration between govt, labour, business paying off – Zuma

By: News24Wire      10th May 2016 The collaboration between government, labour and the business sector to rescue the country from possible downgrade and to stabilize the economy is starting to bear fruit, President Jacob Zuma said on Monday night. "In February... I convened a meeting of chief executive officers of major companies... 

Perceptions of African risks 10% higher

By: Natasha Odendaal     9th May 2016 FTI Consulting’s third yearly survey assessing investor sentiment in Africa has revealed that, while international business is keen on pursuing opportunities in Africa, perceptions of the risks involved increased 10%. Just under 60% of the respondents considered business opportunities in Africa... 

Africa needs dramatically upscaled infrastructure and regional integration to drive industrialisation, says dti chief

     6th May 2016 In a constantly evolving and increasingly interdependent world, Africa and its 34 Least Developed Countries (LDCs) urgently need to find the best ways to industrialise their economies to avoid being further marginalised and excluded from the global economy for yet another decade in history. For... 

Equipment supplier flexes agricultural muscles at Nampo 2016

     6th May 2016 Industrial equipment supplier Goscor Power Products (GPP) – which has been supplying equipment to the agricultural industry for several years –  will for the first time, showcase its comprehensive and affordable product range at the Nampo Harvest Day event, held from May 17 to 20. “As... 

First-time exhibitors look to impress at Nampo

     6th May 2016 Industrial equipment supplier MultiOne SA is looking to impress agriculture stakeholders by showcasing and demonstrating its top of the line range of agricultural loaders and its agricultural specific attachments at Nampo Harvest Day 2016. The company notes that Nampo – one of the largest... 

Software company to showcase farm management system

     6th May 2016 Specialised software developer DFM Software Solutions has developed a range of end-user applications (apps) for the agricultural market, and will be displaying these apps at Nampo 2016. DFM notes that with the burden of rising costs and the drop in market-related incomes, many farmers are seeking... 

Supplier to unveil new brand identity at Nampo 2016

     6th May 2016 Bearings supplier Bearings International (BI) will be unveiling its new brand identity to the agricultural sector at this year’s NAMPO (National Maize Producers’ Organisation) Harvest Day expo organised by Grain SA. 

Bayer “Science for a Better Life” SANSOR 2016 Winner Announced

     5th May 2016 At an awards ceremony held yesterday evening at Valley Lodge in Magaliesburg, The South African National Seed Orgnisation (SANSOR) announced the 2016 Bayer, Science for a Better Life Award, winner - Dr. Lindy Esterhuizen, from the University of Johannesburg. Dr Esterhuizen was awarded with this... 

Bell introduces Mercedes Benz engines to new Haulage Tractors

     5th May 2016 The new Series IV generation of Bell Haulage Tractors builds on the company's solid haulage heritage by combining the proven "designed to haul" drive train with Mercedes Benz water-cooled engines to deliver key performance and productivity benefits. Bell Equipment Product Marketing Manager:... 

Oil sands production throttled back as Fort McMurray burns

By: Henry Lazenby     4th May 2016 Oil and gas companies operating in Canada's oil sands capital of Fort McMurray have scaled back their operations in the face of an exteme wildfire hazard advisory issued by the Alberta Department of Agriculture and Forestry. Major oil sands producer Suncor Energy announced late on Tuesday that... 

PIC to invest $4.7bn and stimulate jobs, growth

By: Reuters     4th May 2016 South Africa's Public Investment Corporation (PIC) would invest R70-billion ($5-billion) over the next three to five years to help stimulate economic growth and job creation, Deputy Finance Minister Mcebisi Jonas said on Wednesday. The PIC, which manages South African government employee... 

New chicken row brewing in South Africa 

By: News24Wire      4th May 2016 Following the concessions on US imports to South Africa in January this year, another chicken storm is brewing as local poultry producers face harsh punishment if they fail to comply with new brine limits. The poultry industry has six months to adjust to new maximum levels of brine, a fluid,... 

Growth is a thirsty business, World Bank water report warns 

By: Terence Creamer     3rd May 2016 A new World Bank report warns that some regions of the world, including parts of Africa, could see their growth rates decline by as much as 6% by 2050 as a result of water-related losses, with water scarcity also exacerbated by climate change. Titled ‘High and Dry: Climate Change, Water and the... 

IoT could help increase agri productivity by 70%, says Deloitte report

By: Creamer Media Reporter      3rd May 2016 By 2050, agricultural productivity in Africa has the potential to increase by 70%, through technological innovation leveraged by the Internet of Things (IoT). This would meet the continent’s growing food demand which, based on population growth, is set to grow by 70%, according to a Deloitte US... 

Making Welding a Breeze: Gasless ‘Innershield’ Welding Machines from Renttech bring multiple benefits to the user

     3rd May 2016 When undertaking MIG welding outside, such as on a construction site or farm, exposing the weld to the weather may hamper progress and compromise the quality of the final result. Effects of wind, or even just a breeze, during the welding process can be a serious problem. Put simply, valuable... 

DTI invites companies to participate in West Africa trade mission

By: Anine Kilian     29th April 2016 The Department of Trade and Industry (DTI) has invited companies to participate in a trade and investment mission to Ghana and Nigeria from August 8 to 12.   Companies in the agriculture and agroprocessing sectors, built environment professionals, automotive and automotive components, energy,... 

Cabinet approves latest Ipap iteration

By: Anine Kilian     29th April 2016 Cabinet has approved the Industrial Policy Action Plan (Ipap) 2016/17 to 2018/19, which seeks to achieve a higher-impact industrial policy in difficult economic circumstances, including the difficulties faced by the domestic steel industry and the drought which has impacted on the agriculture... 

AfDB approves $76.2m loan to fund Botswana economic diversification programmes

By: African News Agency      29th April 2016 The African Development Bank (AfDB) has approved a $76.2-million (P850-million) loan to help Botswana fund new investment in agri-business, clean energy, services, infrastructure and manufacturing as part of efforts to broaden the country’s narrow economic base and reduce heavy dependence on... 

Business incubation can play key role in stimulating and sustaining small firms 

By: Mia Breytenbach     29th April 2016 One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the economy to expand by better than... 

Africa’s growth potential showing consistency

     29th April 2016 Economic growth in Africa is expected to average over 4% in the next five years, according to accountancy and finance body the Institute of Chartered Accountants in England and Wales (ICAEW).  

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