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Feb 17, 2015
Kobus Verster
Construction and engineering group Aveng was faced with weak markets almost everywhere it turned, said CEO Kobus Verster on Tuesday. Continued softness in the local construction sector made it particularly difficult for the still-struggling Grinaker-LTA to regain its...
Feb 16, 2015
SAA acting CEO Nico Bezuidenhout
South African Airways (SAA) confirmed on Monday that some R600-million in yearly savings would arise as a direct result of a decision to cull lossmaking services to Beijing, China, and Mumbai, India, as from the end of March. The cessation of the long-haul routes,...
Feb 13, 2015
Transnet aims to rail 76-million tonnes of export coal in 2015, however, much will depend on coal availability from coal mining companies.
Feb 13, 2015
While it is acknowledged there is no direct, or proportional, link between foreign direct investment (FDI) flows and development, it is nevertheless still an important indicator of a country’s prospects. FDI flows also offer insight into the changing investor...
Feb 13, 2015
The establishment of a customs control area (CCA), or free port, within the newly designated Saldanha Bay Industrial Development Zone (SBIDZ) is being held up as a major drawcard for potential oil and gas services investors into the 330 ha site, situated alongside...
Feb 13, 2015
While it is understood that Africa is not a homogeneous entity and that each country has its own dynamics, there are overarching challenges and developments facing the continent. Enterprise software and software-related services company SAP CFO Deena Pillay states...
Feb 13, 2015
Oil prices can bounce back to $65, $70 a barrel, with the price already strengthening in February to above $50 a barrel, says Econometrix director and chief economist Dr Azar Jammine. He says collapsing oil prices have seen the cost of domestic fuel come down by...
Feb 12, 2015
Following a year of “record-breaking” levels of buying within the gold market in 2013 and the subsequent stabilisation during 2014, the World Gold Council (WGC) said it was reasonably optimistic of a positive outlook for the industry for this year. Gold demand –...
Feb 11, 2015
Feb 10, 2015
Feb 10, 2015
Feb 10, 2015
 
 
 
Feb 06, 2015
Global diamond output is expected to hit 135.5-million carats this year, analysis of the world's 54 largest diamond mines has shown. Independent industry analyst and consultant Paul Zimnisky, who undertook the research, said three new diamond mines expected to start...
Feb 03, 2015
Oil prices could bounce back to $65, $70 a barrel, with the price already strengthening in February to above $50 a barrel, said Econometrix director and chief economist Dr Azar Jammine on Tuesday. Speaking at a breakfast meeting in Pretoria, hosted by Ford, he said...
Feb 03, 2015
Giam Swiegers will join Aurecon as Global Chief Executive Officer on Monday, 2 February 2015. “Monday will be my first day as the Global CEO of Aurecon and it’s very exciting. The engineering and professional services markets are experiencing unprecedented change and...
Feb 02, 2015
• Antitrust authorities approve acquisition with certain conditions • Worldwide industrial business strengthened and global presence enhanced • ContiTech recorded sales of 5.4 billion euros in 2013 on pro forma basis 15. Continental has concluded its acquisition of...
Jan 30, 2015
South Africa's cumulative trade deficit was R95.3-billion in 2014, the South African Revenue Service (Sars) said on Friday. In 2013, it was R71.4-billion, Sars said in a statement.
Jan 29, 2015
Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
Jan 27, 2015
Port of Saldanha
The establishment of a customs control area (CCA), or free port, within the newly designated Saldanha Bay Industrial Development Zone (SBIDZ) is being held up as a major drawcard for potential oil and gas services investors into the 330 ha site, situated alongside...
Jan 26, 2015
Keith Fenner, Senior Vice President Sales for Sage ERP X3 AAMEA (Australia, Asia, Middle East and Africa). A vertical ERP solution supports specific business processes and aims to more accurately serve users who have specific skill sets and job responsibilities...
Jan 26, 2015
Tenders are being prepared for two major oil-services infrastructure projects, collectively valued at around R10-billion, for the deep-water Port of Saldanha, on South Africa’s west coast. The developments are being packaged as build, own, operate and transfer...
Jan 22, 2015
Global crude steel production rose 1.2% year-on-year to 1.66-billion tonnes in 2014, the World Steel Association (worldsteel) revealed on Thursday. While crude steel production in the European Union (EU), North America and Asia expanded by a modest 1.7%, 2% and 1.4%...
 
 
 
 
Jan 22, 2015
As the human resources function in most companies becomes more tech-driven and automated, so does the business partnership between the Chief Information Officer and the HR director become increasingly important. That’s the word from Fanie Jansen, CIO at Sage AAMEA...
Jan 20, 2015
Nosipho Siwisa-Damasane
South Africa’s Richards Bay Coal Terminal (RBCT), which exported an all-time record 71.3-million tons of coal in 2014, is targeting 74-million tons for 2015. RBCT CEO Nosipho Siwisa-Damasane told the media here on Tuesday that last year’s export performance was the...
Jan 19, 2015
AVEVA today announced that Eversendai Offshore, a brand new customer, has made a significant investment in AVEVA’s Integrated Engineering & Design solutions through its deployment of AVEVA Marine. The agreement includes the full suite of AVEVA Marine engineering and...
Jan 19, 2015
Global demand for coal sourced from New South Wales remains strong, with new data released by industry-owned Coal Services indicating an 8% increase in exports during 2013/14. New South Wales exported about 167-million tonnes of coal in the financial year, up from...
Jan 19, 2015
• Conference will bring together delegates and keynote speakers from Africa, Middle East and Asia including several Ministers of Mines and Mineral Resources from leading African producing countries • Dedicated panel discussions on business development in Africa,...
Jan 19, 2015
Despite the fact that it often seemed as if the fundamental and the technical aspects of the precious metals market were at war with each other, silver bull David Morgan believed both methodologies could be used to great benefit. “These are not dead markets and based...
Jan 18, 2015
The reason for investors to bet their money on mining stocks is a is alive and well today, Casey Research chief metals and mining investment strategist Louis James told investors attending the Cambridge House International Vancouver Resource Investment Conference...
Jan 16, 2015
On October 19, 2004, the world’s first exclusively biofuel powered production aircraft received its certification, allowing it to be flown operationally. That aircraft was (and is) the Neiva (now Embraer) EMB-202A Ipanema crop duster. This is the most recent version...
Jan 16, 2015
Traders are shipping West African crude to the US to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on price with US crude. Oil firms including Swiss-based Glencore,...
Jan 16, 2015
 
 
 
 
Jan 16, 2015
On October 19, 2004, the world’s first exclusively biofuels powered production aircraft received its certification, allowing it to be flown operationally. That aircraft was (and is) the Neiva (now Embraer) EMB-202A Ipanema crop-duster. This is the most recent version...
Jan 15, 2015
Aram Shishmanian
China’s gold status has been boosted by the signing on Thursday of a memorandum of understanding on a comprehensive strategic gold cooperation agreement. The deal the World Gold Council has struck with the Shanghai Gold Exchange, the world’s largest physical gold...
Jan 15, 2015
Tulsequah Chief, British Columbia
The British Columbia Environment Minister Mary Polak has determined that Chieftain Metals Corp’s Tulsequah Chief polymetallic project was 'substantially started', ending a First Nation challenge to the validity of the original ministerial determination in 2012. The...
Jan 13, 2015
Five Hoses, Two Fittings Series Cover the Critical Working Pressure Range Where Customers Operate January, 2015 –  Parker Hannifin, the global leader in motion and control technologies, introduced GlobalCore – five hydraulic hoses and two fittings series that...
Jan 06, 2015
Peru-focused uranium explorer Macusani Yellowcake has completed integrating the resource model data it had assimilated through its takeover of Azincourt Resources last year, lifting the compliant combined measured and indicated resources by 18.2-million pounds of...
Jan 05, 2015
The share price of ASX-listed CuDeco fell by nearly 14% on Monday on news that the company was considering a secondary listing on the main board of the Hong Kong Stock Exchange. The company told shareholders that it had no intention of raising any fresh equity from...
Dec 11, 2014
South African Airways (SAA) and Etihad Airways have announced a major expansion of their strategic partnership that will see the local national carrier launch a daily service between Johannesburg and Abu Dhabi from March 29, 2015, which will complement Etihad...
Dec 11, 2014
Peter Freyberg
A natural tightening of the coal market as a result of demand catching up with supply will happen in the near future, says Glencore Coal CEO Peter Freyberg. Freyberg, who was addressing Glencore’s investor day, made the point that coal is not in the same over-supply...
Dec 10, 2014
This week CNN ‘African Start-Up’ profiles two South Africans - Thato Kgatlhanye and Rea Ngwane, co-founders of Rethaka, a company that converts plastic bags into solar panel school bags. For this South African start-up, upcycled plastic bags are the main component in...
Dec 10, 2014
A Rustenburg-based company that converts upcycled plastic bags into solar panel school bags that charge while children walk to school and act as a light source to enable them to to study at night has been featured on international news organisation CNN’s ‘African...
 
 
 
 
Dec 05, 2014
Aim-listed Paragon Diamonds on Friday said a private placement of 5.7-million shares at 4.5p had netted the Aim-quoted diamond development company £256 825. The company also planned to issue another 250 000 new shares to advisers for services rendered at a price of...
Dec 05, 2014
The mood was downright exuberant when 665 exhibitors from 40 countries came together at the summit of the industrial valves and fittings industry at the Exhibition Centre Düsseldorf from 2 to 4 December 2014. This time around, the Valve World Expo, the Leading...
Dec 05, 2014
The Akkuyu nuclear power plant will comprise four units of 1 200 MW each, producing about 35-billion kilowatt-hours a year.
Dec 05, 2014
There are signs of progress on the long-awaited Tripartite Free Trade Agreement (T-FTA), which has been under discussion between the Common Market of Eastern and Southern Africa, the East African Community and the Southern African Development Community since 2011. In...
Dec 04, 2014
Rough diamonds from Gem Diamonds
Strong jewellery demand over the US holiday season looks supportive of 2015 being another good year for diamond prices, Investec Securities analyst Marc Elliott said on Thursday. In a note on the strong performance of the London-listed Petra Diamonds in particular,...
 
 
 
 
 
 
 
 
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