R/€ = 14.57 Change: -0.06
R/$ = 13.37 Change: -0.01
Au 1268.10 $/oz Change: 1.10
Pt 945.50 $/oz Change: -2.00


What to expect on trade agreements front in 2017

By: Taapano Paradza      17th March 2017 As far as trade agreements are concerned, 2016 was an unprecedented year, with significant activity occurring that had never been witnessed in the past decade. The Economic Partnership Agreement with the European Union and South Africa’s first trade agreement with South America, the Common Market... 

Zambia agreement seen paving way for further solar power solutions

By: Dylan Slater     17th March 2017 The government of Zambia last month signed a second mandate with Scaling Solar, an initiative of the World Bank Group, which is helping developing countries procure low-cost, privately financed, solar power.  

Expect more oil price volatility over the coming months – Vitol

By: Kim Cloete     15th March 2017 A continuing massive stock overhang could contribute to more volatility in the oil price over the coming months, says energy and commodities company Vitol global analyst Simon Warren. He told delegates at the yearly conference of the African Refiners Association (ARA), in Cape Town, that despite... 

Trade between South Africa, UK to remain unaffected by Brexit

By: Megan van Wyngaardt     13th March 2017 Trade and Industry Minister Dr Rob Davies met with UK Trade Policy State Minister Lord Mark Price on the sidelines of the inaugural Commonwealth Trade Ministers Meeting, last week, and reiterated that there will be no interruption in the trade between South Africa and the UK as a result of the... 

Deep surface salt bath hardening technique offered locally

By: Simone Liedtke     10th March 2017 Diversified manufacturing facility Frankwen Forge is now offering a unique tailor-made salt-bath hardening technique, the company states, explaining that the surface of the item is run through heated molten salt and then undergoes a water quench. 

Early signs pointing to recovery in foundry industry 

By: Simone Liedtke     10th March 2017 With the foundry industry having been under pressure last year owing to very low levels of economic growth, the drought and continuing import leakage, the South African Institute of Foundrymen (Saif) believes that signs to date this year point towards some form of industry recovery. 

Water scarcity increases need for water treatment chemicals

     10th March 2017 South Africa's growing water scarcity and infrastructure inadequacy are projected to lead to to an escalation in the need for effective water treatment chemicals, notes market research company Frost & Sullivan. The company notes that a rise in environmental awareness has accelerated the move away... 

Africa’s Biggest Coatings Show Entrusted To Major Global Expo Organisers

     9th March 2017 Leading international exhibitions organisers, dmg events - Middle East, Asia & Africa, will in June next year stage Coatings for Africa 2018, the largest event for its industry on the continent. Coatings for Africa – the longest-running coatings event in Africa - is jointly presented by the SA... 

World's newest copper mine is a loner until prices rebound

By: Bloomberg     8th March 2017 The end of the commodities super-cycle has left just one new major copper mine on the verge of production. Its owner says prices need to recover further before others are built. Cobre Panama, a sprawling openpit mine being developed by First Quantum Minerals in the central American nation, is set... 

Cartrack reaches 600 000 subscriber milestone

By: Anine Kilian     7th March 2017 Fleet management, vehicle tracking and telematics technology management company Cartrack officially reached over 600 000 active subscribers globally in February. The figure reflects strong, consistent growth over the past year, and a 20% year-on-year increase in subscriber numbers. 

New General Manager for Maptek EMEA and CIS operations

     3rd March 2017 Maptek is pleased to announce that James Moncrieff has been appointed General Manager to lead our operations across Europe, Middle East, North Africa and CIS. A part of the Maptek family for 13 years, Moncrieff was until recently managing the Maptek I-Site reseller distribution network in Asia... 

From the Mother City to Manchester; Reputation Matters confirms partnership with research & insights specialists LOOKOUT!

     3rd March 2017 South African corporate reputation management solutions company, Reputation Matters is joining forces with LOOKOUT!, an independent research and insights organisation based in Manchester, United Kingdom. As of Wednesday, 01 March 2017, Reputation Matters will be able to offer their clients a full... 

South African maize production doubles despite droughts worsening across East Africa

By: African News Agency      3rd March 2017 As drought and worsening food security hits swathes of East Africa, maize harvests in Southern Africa, previously slashed by El Niño, are forecast to recover this year, with South Africa’s output expected to increase by more than 50 percent from 2016. A new United Nations (UN) report states that... 

Programme complements government objectives

By: Robyn Wilkinson     3rd March 2017 Private higher education institution Monash South Africa welcomed the first class of students for its new Postgraduate Diploma in Water Management this year. 

Vehicle theft, hijackings on the increase – Cartrack

By: Irma Venter     3rd March 2017 Statistics released by fleet management and stolen vehicle recovery company Cartrack show that carjacking and vehicle theft in South Africa are on the rise. Theft within the base of vehicles protected by Cartrack increased by 31% in the ten months from March to December 2016, while hijackings... 

Africa becoming more attractive to mining investors, but policy stifles South Africa’s mining industry

By: Megan van Wyngaardt     1st March 2017 While Zimbabwe and Mozambique ranked in the bottom ten of the most attractive jurisdictions in the world for mining investment, the Canada-based Fraser Institute’s ‘Annual Survey of Mining Companies 2016’, shows that the continent continues to look better for investors and ranks ahead of Oceania,... 

Teck bullish on coal, but not enough to add production capacity

By: Bloomberg     28th February 2017 Teck Resources is bullish on steelmaking-coal prices, but not enough to add production capacity, said the head of Canada’s largest diversified miner. “I’m feeling excited,” Teck CEO Don Lindsay said Monday in a Bloomberg TV interview. “In the last 10 days we’ve seen a clear change in direction in... 

Diverse technologies combine to offer ‘smart’ ways of improving farm yields

By: Dylan Slater     24th February 2017 Consulting firm Frost & Sullivan’s science team finds that factors such as information and communications technology (ICT), chemicals, hydroponics and aquaculture inputs are augmenting profits for farmers.  

Driverless transport startup receives backing from rail equipment giant

By: Dylan Slater     24th February 2017 Railway systems and equipment company Alstom is investing €14-million in driverless transport startup company EasyMile, which is developing the EZ10 electric driverless shuttle.  

MENA region to account for big proportion of 3% growth

     24th February 2017 Last month, international consultancy company Deloitte projected a growth of more than 3% in global defence spending in 2017 after years of declining budgets. 

Analysts acclaim Glencore’s performance as good fundamentals return

By: Martin Creamer     23rd February 2017 Commodity market fundamentals are improving against a backdrop of better than expected demand and limited, if any, inventory build through the trough of the cycle, diversified mining and marketing company Glencore said on Thursday. This comes against the background of the London-, Hong Kong- and... 

Cliffe Dekker Hofmeyr sees some blue sky for businesses in 2017

     22nd February 2017 Business law firm Cliffe Dekker Hofmeyr last night clinched top honours for M&A Deal Flow for the eighth consecutive year at the annual DealMakers Awards. “Deal activity may have slowed but indications are that we may be in for a stronger 2017 as businesses get more strategic and seek out growth... 

Minergy to list coal project in Botswana, also eyeing JSE

By: Martin Creamer     20th February 2017 Coal and energy company Minergy said on Monday that it will list on the Botswana Stock Exchange in the first half of this year and is also planning a Johannesburg Stock Exchange listing in 2017’s latter half. In the initial capital raising ahead of the listing of its Masama coal project, Minergy,... 

AMSA, government sign pricing principles agreement

By: Anine Kilian     17th February 2017 Steel producer ArcelorMittal South Africa (AMSA) has reached a five-year agreement with the Department of Trade and Industry on steel pricing principles. The agreement is intended to achieve a fair price for steel, which enables AMSA to earn a reasonable margin from domestic sales, while being... 

Santos reports massive loss on GLNG impairment, lower oil prices

By: Esmarie Swanepoel     17th February 2017 Oil and gas major Santos has recorded a net loss of more than $1-billion for 2016, on the back of a $1.1-billion impairment charge on its Gladstone liquefied natural gas (GLGN) asset and lower oil prices. Excluding impairments and other significant items, the company reported an underlying profit... 

Biogas needs favourable REIPPPP allocation for sustainable development

By: Nadine James     17th February 2017 The measureable and sustainable development of South Africa’s biogas industry requires projects, and therefore a favourable  Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) allocation, to prove sufficient financial viability to financial institutions is essential.... 

Slowdown in global fishing would create better long-term yield – report

By: Megan van Wyngaardt     14th February 2017 Fishing less, and better, could generate an additional $83-billion each year for the fisheries sector, creating a much-needed revenue stream in developing countries and improving global food security, a new report by the World Bank states. The ‘Sunken Billions Revisited’ report, an update of a... 

Atrum prepares for busy 2017

By: Esmarie Swanepoel     14th February 2017 Coal project developer Atrum Coal has revealed plans to advance its Groundhog North project, in Canada, during this year. The company on Tuesday said it plans to submit an application for a small mine permit this year, to enable Atrum to start commercial operations at a rate of 250 000 t/y. 

Fly farm venture AgriProtein signs deal for 25 fly farms a year

By: Irma Venter     10th February 2017 Austria-based engineering group Christof Industries has partnered with waste-to-nutrient company AgriProtein to build up to 25 fly farms a year. AgriProtein rears fly larvae (on an industrial scale) on organic waste and harvests the larvae to make natural, high-protein animal feed products.  

Hijackings, car theft show sharp increases, warns Cartrack

By: Irma Venter     10th February 2017 Statistics released this week by fleet management and stolen vehicle recovery company Cartrack show that carjacking and vehicle theft in South Africa are on the rise. Theft within the base of vehicles protected by Cartrack increased by 31% in the ten months from March to December 2016, while... 

Former Sasol CEO Constable joins Rio Tinto board

By: Esmarie Swanepoel     10th February 2017 Mining major Rio Tinto has appointed three new independent nonexecutive directors to its board. Former Sasol CEO David Constable and former Centrica CEO Sam Laidlaw have been appointed with immediate effect, while Royal Dutch Shell CFO Simon Henry will join the board in July. 

Positive outlook for automotive industry

By: Robyn Wilkinson     10th February 2017 Increased new-car production levels, which include an expected growth in vehicle exports, are likely to drive improvement in South Africa’s automotive industry this year, says industrial equipment supplier Bearings International sales representative Cherry Slater. 

Global uncertainties to drive FDI in Africa’s mining sector

By: Ilan Solomons     9th February 2017 The uncertainties surrounding geo-economic trends, including Brexit, Donald Trump’s election as US President and increasing efforts by China to dominate the global economy, may not bode well for global political stability but could present opportunities for Africa, says global law firm Baker... 

Indonesia’s biggest coal miner sees first profit since 2011

By: Bloomberg     9th February 2017 PT Bumi Resources will post its first annual profit in five years as a rally in fuel prices help Asia’s biggest exporter of thermal coal push through a debt restructuring. The company, controlled by the family of Indonesian politician Aburizal Bakrie, had net income of $101.6-million last year,... 

Locally developed pelletising technology set for commercial roll-out

By: Ilan Solomons     8th February 2017 Engineering company CoalTech has successfully established a 10 000 t/m coal pelletising and curing plant, in eMalahleni, Mpumalanga. Having initially launched its pelletising technology at the 2016 Investing in African Mining Indaba, the company announced to delegates at this year’s Mining Indaba... 

Africa’s largest product sourcing expo rebranded in 2017 to ‘meet buyers’ demands’

     8th February 2017 Trade buyers arriving in Johannesburg this year are promised an exciting new SAITEX event offering more new products that meet the demands of increasingly discerning African consumers   Africa’s largest international product sourcing expo has been rebranded and relaunched this year to meet the... 

CMC Networks in New Partnership with The Carlyle Group

     8th February 2017 CMC Networks, Africa’s largest managed connectivity provider, today announced that The Carlyle Group, a Global Alternative Asset Manager, has acquired a majority shareholding of CMC.  The transaction value exceeds $100 million (R1.4 billion) and Carlyle’s investment gives them a majority... 

Metalicity taps potential partner for Admiral Bay

By: Esmarie Swanepoel     8th February 2017 ASX-listed junior Metalicity has inked a memorandum of understanding (MoU) with the engineering and equipment arm of zinc developer China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (CNFC), to possibly partner in the Admiral Bay zinc project, in Western Australia. The... 

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