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From farm to fork – Africa’s top F&B show gets a makeover

     18th January 2017 Africa’s Big 7, the continent’s leading event for the food & beverage industry runs from June 25 to 27 in South Africa attracting senior buyers from across the sector Africa’s premier food and beverage show has been rebranded and has relaunched this year to meet the needs of a changing market. 

Geopolitical tensions, other factors to boost gold demand this year

By: Megan van Wyngaardt     13th January 2017 Heightened political and geopolitical risks, currency depreciation, expectations of rising inflation, inflated stock market valuations, long-term Asian growth and the opening of new markets are all expected to positively influence demand for gold and gold’s performance this year, says the World... 

Thirty-two tons a second shows China’s record iron appetite

By: Bloomberg     13th January 2017 Iron-ore imports by China surged to a record above one-billion metric tons last year as unexpectedly strong steel production and lower local mine output combined to fire up demand in the world’s top buyer for cargoes from Australia and Brazil, supporting a rebound in prices. Asia’s top economy... 

From farm to fork – Africa’s top F&B show gets a makeover

     12th January 2017 Africa’s Big 7, the continent’s leading event for the food & beverage industry runs from June 25 to 27 in South Africa attracting senior buyers from across the sector Africa’s premier food and beverage show has been rebranded and has relaunched this year to meet the needs of a changing market. 

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... 

Would-be kingmaker calls out Australian iron giants in ore tax battle

By: Bloomberg     12th January 2017 The world’s biggest mining companies producing iron ore from Australia aren’t paying their fair share in taxes, according to a lawmaker who wants a 20-fold raise in a state levy that’s been unchanged since the 1960s and the era of imperial pounds, shillings and pence. The proposal has... 

Africa is poised for sustainable growth and development. But there are risks

     9th January 2017 As we know, growth accelerations are pretty commonplace among developing countries. Economist Ricardo Haussman and his colleagues identified 83 growth accelerations of eight consecutive years at 2% higher than the five-yearly average between the mid-1950s and early 2000s. But most growth... 

Outlook 2017: SA growth weak, but stronger than 2016

By: News24Wire      3rd January 2017 South African asset prices should perform "ok", but mainly because there are more negative peers to compare to – especially Turkey – emerging markets economist Peter Attard Montalto of Nomura said on Thursday. "South Africa will see an overarching political narrative as the ANC moves to its... 

Refined copper widens nine-month deficit - report

By: Henry Lazenby     23rd December 2016 The latest data out from the Lisbon-based International Copper Study Group (ICSG) shows a copper production deficit of 84 000 t for the first nine months this year, wider than the deficit of around 28 000 t in the comparable period of 2015. The ICSG’s preliminary data for September world copper... 

Bespoke hybrid power system for outdoor telecoms sites

By: Schalk Burger     16th December 2016 The eSite x10 hybrid power system aims to provide outdoor telecommunications sites, such as cellular towers, with high uptime and low power costs. The system is purpose built to outdoor telecommunications equipment standards for such sites. The sealed tamper-proof unit with passive convection... 

Finance titans face off over $5tn London gold market

By: Bloomberg     14th December 2016 Some of the biggest names in finance are fighting for control of the London gold market – a $5 trillion, three-century-old trading hub that is being forced to adapt to a digital e. As the London Bullion Market Association revamps over-the-counter trades that are the market’s major pricing... 

Ivanhoe PEA outlines two alternatives for DRC-based Kamoa/Kakula deposits

By: Henry Lazenby     13th December 2016 A new preliminary economic assessment (PEA) has outlined two potential initial development scenarios for Ivanhoe Mines’ “disruptive” Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC). The PEA examined two initial scenarios for development of the high-grade copper deposits at... 

Coal demand growth to stall as appetite wanes, according to IEA

By: Natasha Odendaal     12th December 2016 As appetite for other energy sources gain momentum, with the fast growth of renewables and a strong focus on energy efficiency, growth in global coal demand is expected to stall over the next five years, the International Energy Agency’s (IEA’s) latest ‘Medium-term Coal Market’ report shows.... 

Volvo Trucks expands sales into rest of Southern Africa

By: Irma Venter     9th December 2016 Volvo Trucks should this year sell around 250 new trucks in Southern African markets outside South Africa, says Volvo Group Southern Africa president Torbjörn Christensson. Three years from now, in 2019, the company wants sales in these Southern African markets to grow to 1 000 trucks a year. 

Air cargo volumes encourage, outperforming weak global trade

By: Martin Zhuwakinyu     8th December 2016 Although the global airfreight business continues to face headwinds from weak global trade, the International Air Transport Association (Iata) says there are encouraging signs that growth in air cargo volumes, which came in at 8.2% year‐on‐year in October, will endure into the new year. This was... 

Glencore's Rosneft deal wins analyst thumbs-up

By: Martin Creamer     8th December 2016 The share price of diversified mining and marketing company Glencore rose in Johannesburg on the news that the company is in final-stage negotiations to buy 19.5% of Russia’s privatised oil company Rosneft for $11-billion together with the Qatar Investment Authority, which is Glencore’s largest... 

Prioritizing renewable energy and energy efficiency to accelerate growth in Africa

     7th December 2016 ABB supported a number of pledges signed by world leaders at COP21 in Paris, including a commitment to scale up renewable energy and help emerging economies transition their markets for energy efficient products. At COP22, ABB showed how this commitment translates into solutions and services that... 

Ritchie Bros. celebrates 20 years of auctions in Dubai

     5th December 2016 Unreserved auction on Dec. 13 & 14 marks two decades of auctions in the United Arab Emirates Over the last two decades, more than 120,000 items have been sold at Ritchie Bros.’ auctions in Dubai. The company will celebrate its 20th anniversary in the United Arab Emirates with a Dubai auction on... 

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 |... 

High- and medium-speed power generation products for South Africa

     2nd December 2016 Power systems provider Rolls-Royce presented its high-speed and medium-speed power generation products, including various power generation solutions in the 24 kW to 9 400 kW range suitable for a wide variety of applications and types of fuel, at Power & Electricity World Africa. The event was... 

First African Trade Forum to discuss Continental free trade

By: African News Agency      29th November 2016 Aiming at creating a single continental market for goods and services, free movement of business persons and investments and expand intra-African trade among other things, the first ever Africa Trade Week 2016 was held in Addis Ababa on Monday. The Continental Free Trade Area (CFTA) is also... 

Industry Supports Machine Tools Africa 2017 as sales exceed 70%

By: Creamer Media Reporter      28th November 2016 With seven months still to go and the two allocated exhibition halls largely booked, industry has demonstrated its strong support for Machine Tools Africa 2017, taking place at the Expo Centre in Johannesburg from 9-12 May 2017. Exhibition space sales have exceeded 70% of overall square metres... 

Wine and Olive Oil Suppliers Expo heads for Cape Town in 2017

By: Creamer Media Reporter      27th November 2016 South Africa is the eighth largest producer of wine in the world with export volumes having doubled in the past ten years. According to a study commissioned by the SA Wine Industry Information & Systems (SAWIS), published in January 2015, of the R36.1 billion gross domestic product (GDP)... 

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.... 

South African container trade remains under pressure

By: Irma Venter     25th November 2016 Expectations that South Africa’s container market would grow during the third quarter of the year proved incorrect, despite a slightly stronger rand, indicates the 2016 Q3 Maersk Trade Report. The report shows that the market declined by 6% year-on-year. 

Copper surplus reaches 154 000 t in August on weaker Chinese demand, seasonality

By: Henry Lazenby     23rd November 2016 New analysis by the International Copper Study Group (ICSG) has shown an apparent production surplus of around 154 000 metric tonnes in August, mainly owing to weaker Chinese demand and seasonally weak use in other regions. The Lisbon, Portugal headquartered think tank said in a statement Monday... 

Iron-ore’s party gives way to hangover as China stockpiles surge

By: Bloomberg     21st November 2016 For iron-ore, it is the morning after the night before. Prices have given up most of the gains inspired by Donald Trump’s surprise win and a speculative frenzy in China, with a surge in port stockpiles in the top user reminding investors that fundamentals still count. “The speed of the recent... 

Iron-ore gets its Groundhog Day moment as tumble follows surge

By: Bloomberg     18th November 2016 Iron-ore is having a Groundhog Day moment. Prices that were pumped up on speculative enthusiasm are now headed for the biggest weekly drop in six months, echoing a sharp rise and tumble seen in April and May that was driven by a surge and fade in trading in China, the largest buyer. 

Investments required for positive growth

By: Simone Liedtke     18th November 2016 With the world markets still suffering the after-effects of maladministered and unsustainable macroeconomic policies, there is not much appetite for large capital projects in South Africa. But economic growth will start only once people are investing, which does not happen without a positive... 

Silver market sees fourth consecutive y/y shortfall

By: Anine Kilian     17th November 2016 The silver market is expected see a yearly physical deficit of 52.2-million ounces in 2016, marking the fourth consecutive year in which the precious metal has realised an yearly physical shortfall, according to the Thomson Reuters Silver Institute Interim Silver Market Review 2016. While such... 

Volvo Trucks targets strong growth in slowly recovering Africa

By: Irma Venter     17th November 2016 Volvo Trucks should this year sell around 250 new trucks in Southern African markets outside South Africa, says Volvo Group Southern Africa president Torbjörn Christensson. Three years from now, in 2019, the company wants sales in these Southern African markets to grow to 1 000 trucks a year. 

Fast-developing Asian nations to underpin coal demand

By: Esmarie Swanepoel     17th November 2016 Strong economic development in South East Asia and India will underpin global coal demand, which is set to return to 2014 levels in the next four years, paving the way for Australia to increase its share of global trade. Citing the World Energy Outlook (WEO) 2016 report by the International... 

Australian LNG export hits 22-month high

By: Esmarie Swanepoel     14th November 2016 Australia’s monthly liquefied natural gas (LNG) exports have climbed to record highs during October, with values reaching A$1.75-billion, energy market analyst EnergyQuest has revealed. This was the best performance in 22 months. 

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... 

Following initial knee-jerk ‘Trump Slump’ reaction, markets recover losses

By: Henry Lazenby     9th November 2016 With the pall of political uncertainty lifted once President-elect With the pall of political uncertainty lifted once president-elect Donald Trump won the US presidential elections Tuesday night, the US now enters a period of market uncertainty over what economic, financial and political policies... 

Safe-haven gold outperforms as Trump’s election spooks financial, equity markets 

By: Martin Creamer     9th November 2016 While gold outperformed as a safe haven after Donald Trump’s worrying election as the forty-fifth president of the US, financial and equity markets were frightened into falls along with emerging market currencies, including the rand. The World Gold Council (WGC) reported on Wednesday that gold... 

Stronger rand failed to boost Q3 container trade, says Maersk

By: Irma Venter     9th November 2016 Expectations that South Africa’s container market would grow during the third quarter of the year proved incorrect, despite a slightly stronger rand, indicates the 2016 Q3 Maersk Trade Report. The report shows that the market declined by 6% year-on-year. 

Gold surges most since Brexit as Trump win fuels market turmoil

By: Bloomberg     9th November 2016 Gold soared by the most since Britain’s Brexit vote in June as Donald Trump won the US Presidency, prompting a rush to havens and a flight from risky assets. Bullion jumped as much as 4.8% to $1 337.38 an ounce, the biggest intraday increase since June, and traded at $1 317.17 by 7:44 in London,... 

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