R/€ = 14.49 Change: -0.04
R/$ = 13.49 Change: 0.07
Au 1217.29 $/oz Change: 13.67
Pt 978.50 $/oz Change: 4.00


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,... 

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,... 

Zinc hits five-year high as metal traders bet on China rebound

By: Bloomberg     1st November 2016 Zinc touched the highest in five years as the London Metal Exchange’s annual LME Week began with investors betting that a rebound in demand from China will underpin prices. Mining stocks also climbed. Metals are extending their advance after China’s economy stabilised in the third quarter,... 

Company sees potential for growth in wind energy

By: Kimberley Smuts     28th October 2016 Owing to Southern Africa’s vast coastline and high winds, energy distributor Vert Energy believes that there are plenty of opportunities for the wind power division of its business to grow, in both the residential and independent power producer (IPP) sectors. Vert Energy MD Grant Robertson... 

Trump victory could push gold to $1 500/oz, physical demand ‘pitiful’  

By: Ilan Solomons     27th October 2016 Physical demand for gold remained at “pitiful levels” for the third successive quarter, down 30% year-on-year in the three months to September 30, hindered by sharply higher prices in the aftermath of the British referendum to leave the UK (Brexit), reports markets analyst Thomson Reuters GFMS.... 

Mining contributed A$55.7bn to Qld economy in 2015/16

By: Esmarie Swanepoel     27th October 2016 Despite a challenging year for the natural resources sector, the mining industry continues to make a significant contribution to the Queensland economy, having been directly and indirectly responsible for one in every five dollars in the state’s economy and one in every seven jobs, in 2015/16.... 

Doray raises A$24.9m

By: Esmarie Swanepoel     26th October 2016 Gold miner Doray Minerals has raised some A$24.9-million through an institutional placement to fund near-mine exploration work and reduce its debt. The company on Wednesday said that it had received firm commitments from new and existing institutional investors to take up about 46.1-million... 

PEM® Fasteners for Printed Circuit Board Applications Enable Secure and Reliable Attachment Using Minimal Hardware

     25th October 2016 Several dedicated families of PEM® fasteners from PennEngineering® enable secure and reliable attachment for a wide range of printed circuit board applications.  Depending on type and style, these fastener solutions can satisfy component-to-board, board-to-board, board-to-chassis, or stacking or... 

IEA upscales five-year renewables growth forecast after 2015 ‘turning point’

By: Terence Creamer     25th October 2016 The International Energy Agency (IEA) has significantly increased its five-year growth forecast for renewable energy in light of what it describes as a “turning point” in 2015, when a record 153 GW of new renewables capacity was added globally. In its ‘Medium-Term Renewable Market Report’, the... 

South Atlantic submarine cable system to dramatically lower latency between Africa, South America

By: Schalk Burger     21st October 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,... 

South Africa’s crude steel output drops nearly 3% in September

By: Natasha Odendaal     21st October 2016 South Africa’s crude steel production contracted 2.7% year-on-year to 430 000 t during September, with output for the first nine months of the year down some 8.5% year-on-year to 4.6-million tonnes. Global crude steel production by the aggregate 66 countries reporting to industry body, the World... 

Conexión Pacifico 3 highway project, Colombia

By: Sheila Barradas     21st October 2016 The project forms part of Colombia’s fourth-generation infrastructure programme. 

New SADC body set up to strengthen groundwater management

By: Mia Breytenbach     21st October 2016 The Southern African Development Community Groundwater Management Institute (SADC-GMI), a new organisation that will work within 15 SADC member States to collaboratively strengthen the management and development of groundwater for social and economic development in the region through the... 

Short-term contracts threaten new LNG plants, Origin’s King says

By: Bloomberg     19th October 2016 Origin Energy said new liquefied natural gas facilities are less likely to be approved as buyers across Asia favor short-term contracts that threaten the financial modelling underpinning export plants. A plunge in the price of oil means LNG buyers are increasingly demanding more flexible terms... 

MB Crusher Innovation at BAUMA CHINA 2016

     18th October 2016 Once again MB Shanghai, chinese branch office of MB Crusher, will be on stage at Bauma China 2016, Asia‘s largest and most important event for the construction industry. The event will be held at the New International Expo Centre in in Shanghai, Cina (22nd – 25th November). MB Crusher will... 

Glencore’s coal hedge gets more painful as prices rally

By: Bloomberg     18th October 2016 The rally in thermal coal is taking a bigger bite out of Glencore’s profits after the world’s biggest exporter of the fuel locked in prices prior to the surge. The Swiss company reported a $395-million mark-to-market non-cash loss in the first half on hedges for future sales, which applied to the... 

DA to add new charges against Guptas

By: News24Wire      17th October 2016 The Democratic Alliance (DA) on Sunday said it will add new charges to its corruption case against the Gupta family. "I have already laid charges of corruption against Atul Gupta, Ajay Gupta and Duduzane Zuma," said DA MP David Maynier in a statement. 

Cipla biotech manufacturing facility project, South Africa

By: Sheila Barradas     14th October 2016 The project involves the construction of the country’s first state-of-the-art biotech manufacturing facility for the production of biosimilars. 

First phase of Fourways Mall renovation on track for mid-November completion

By: Dylan Slater     14th October 2016 The Fourways Mall, situated in the northern suburbs of Johannesburg, is on target to complete Phase 1 of its renovation plan, which is due to be completed by mid-November.  

Glencore jumps to 15-month high as coal prices extend surge

By: Bloomberg     13th October 2016 Glencore jumped to a 15-month high in London as coal prices rose and a Japanese steelmaker was said to agree to pay the most for coking coal in four years. Glencore advanced 6.4% to close at 236.2p, the highest since July 21, 2015. The shares rose the most in the FTSE 100 Index. Prices have more... 

PennEngineering® Successfully Completes Acquisition of Heyco® Products Inc.

     10th October 2016 PennEngineering® (Danboro, PA, USA) announced today that it has successfully completed the previously announced acquisition of Heyco® Products Inc. (Toms River, NJ, USA). Terms were undisclosed and no changes are anticipated regarding Heyco’s operations, facilities, and employees.  Heyco Products... 

APLNG's second train ships cargo

By: Esmarie Swanepoel     10th October 2016 The second 4.5-million-tonne-a-year train at the Australia Pacific liquefied natural gas (APLNG) project has delivered its first LNG cargo. ASX-listed Origin Energy reported on Monday that production of the first LNG cargo from the second train on Curtis Island represented a defining moment in... 

Production of Ahrlac aircraft set to begin in early 2017

By: Dylan Slater     7th October 2016 The South African-designed, -developed and -built Advanced, High-perform- ance, Reconnaissance, Light Aircraft (Ahrlac) is due to enter line production in early 2017, with the construction of a purpose-built factory at Wonderboom Airport, north of Pretoria. The Ahrlac platform comes in five... 

Pitot reflects on auto landscape as he departs Naacam

By: Irma Venter     7th October 2016   A local automotive industry with five vehicle manufacturers producing 150 000 units each a year might be better than seven to eight manufacturers producing between 50 000 and 100 000 vehicles each a year, says former National Association of Automotive Component and Allied Manufacturers (Naacam)... 

Production of Ahrlac aircraft set to begin in early 2017

By: Dylan Slater     7th October 2016 The South African-designed, -developed and -built Advanced, High-performance, Reconnaissance, Light Aircraft (Ahrlac) is due to enter line production in early 2017, with the construction of a purpose-built factory at Wonderboom Airport, north of Pretoria.  

Electra Mining Africa: the best of cutting edge technology

     4th October 2016 Technology, a key driver in engineering and mining innovation, is being driven by the commodity downturn. This year’s Electra Mining Africa saw a host of these innovative technologies being showcased, demonstrating the local engineering and mining industry’s world class status in terms of... 

Television star joins Vitol in stake in biggest African coal port

By: Bloomberg     30th September 2016 A South African coal entrepreneur who produced and starred in a reality TV show set in Cape Town has partnered with one of the world’s biggest commodity traders to buy a stake in the continent’s largest terminal for the fuel. Through Burgh Group Holdings, 38-year-old Quinton van der Burgh joined... 

BMW to expand Rosslyn high-tech centres amid strong digitalisation push

By: Irma Venter     30th September 2016 BMW Group South Africa (SA) aims to expand its IT Operations Centre, at the company’s Rosslyn plant, as well as its SAP Shared Services Centre (SSC), in Pretoria East, to employ a combined total of more than 600 people by 2017. The SAP SSC currently employs 200 specialists, with a target of 320... 

South African container trade flows declined in H1

By: Irma Venter     30th September 2016 Container trade flow in and out of South Africa for the first half of 2016 has shown a year-on-year decline of 7%. Maersk Line Southern Africa MD Jonathan Horn attributes the decline to reduced consumer spending and weak global demand for mining commodities. 

SCHURTER awards RS Components for outstanding sales performance

     29th September 2016 RS achieves notable results in the sales of SCHURTER’s portfolio of electric and electronic components RS Components, the trading brand of Electrocomponents plc , the global distributor for engineers, has received an award for outstanding performance from SCHURTER Electronic Components, a leading... 

WINDSOR brings an innovative FCS injection moulding machine to Europe

     29th September 2016 After successful introduction of all-electric injection moulding machines from JSW (Japan Steel Works Ltd) in Germany in 2007 and continuous market penetration in the past nine years, WINDSOR Kunststofftechnologie GmbH in Hanau now makes a further step. As a renowned system supplier, it is now... 

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