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On-The-Air (02/12/2016) 

By: Martin Creamer     2nd December 2016 Patrice Motsepe’s new bank is helping to fund a brand new mine being built in the Western Cape. The platinum price has plunged so low that many platinum mines have fallen into the red; and a top-level discussion on fuel cells to is due to take place at the CSIR next Friday. 

Ekurhuleni excited to activate Aerotropolis project as part of wider 5-year plan 

     2nd December 2016 Ekurhuleni metropolitan municipality is excited to finally acquire a comprehensive plan for the much anticipated Aerotropolis project announced two years ago. The Aerotropolis project is one of the important projects the city is spearheading, amongst others it has unveiled as part of its... 

How Brics bank can change the way lenders do business

     2nd December 2016 In times of economic distress, a situation South Africa finds itself in at present, governments tend to invest heavily in infrastructure, which plays a central role in economic growth and poverty reduction by promoting greater productivity, increasing trade, reducing the cost of doing business... 

Thinking outside the box not as easy as it may seem

By: Kelvin Kemm     2nd December 2016 Something that I have done for many years is to carry out strategic planning sessions for companies. These sometimes last a couple of hours, but at other times they last for three days.  Even three days usually turns out not to be enough. 

New approach to airport lounges will keep Standard Bank customers flying effortlessly into 2017 and beyond

     1st December 2016 Bustling day and night, South Africa’s major airports are cities in their own right.  Spread over hundreds of hectares of land, their buildings offer more than just places to wait for flights; they are ‘destinations’ where there are more restaurants than in many shopping malls, banks, shopping... 

Congo copper output up 0.6% in Q3, annual production down

By: Reuters     28th November 2016 Copper output in Democratic Republic of Congo, Africa's top producer, hit 268 393 t in the third quarter of 2016, a 0.6% increase over the same period last year, the central bank said on Monday. However, total output of 734 643 t for the first three quarters was still down nearly 10% compared to... 

AfDB appoints new regional director-generals to roll out business plans

By: Megan van Wyngaardt     25th November 2016 The African Development Bank (AfDB) has appointed Dr Tonia Kandiero as DG of its Southern Africa regional development and business delivery office, effective December 1. The office forms part of the AfDB’s new business approach to accelerate its business and development impacts across the continent. 

Financial institutions urged to prepare for rise in mobile device attacks

By: Schalk Burger     25th November 2016 Financial institutions can expect a rise in the number of cyberattacks on mobile devices next year, as well as attacks on employee machines and noncritical systems, says cybersecurity multinational Kaspersky Lab Russia Research and Analysis team head Yury Namestnikov. A Kaspersky Lab security... 

Historical corporate social investment reaches end of useful life – ERM

By: Dylan Slater     25th November 2016 New, precise and penetrating methods of measuring social impact are driving radical revisions to corporate social investment (CSI) as practised by big business and global investors, according to sustainability consultancy Environmental Resources Management (ERM) Southern Africa.  

South Africa leaves key rate steady, warns of risks to inflation

By: Reuters     24th November 2016 South Africa's central bank kept its benchmark repo rate unchanged at 7% on Thursday, saying growth and inflation dynamics were largely in line with expectations, but warned that risks to the inflationary outlook had increased. "The MPC (Monetary Policy Committee) remains concerned that the... 

India’s demonetisation drive hits coal offtake among smaller consumers

By: Ajoy K Das     24th November 2016 The Indian government’s demonetisation of high-value currency notes has started to impact on coal offtake, particularly among small consumers that do not have long-term supply contracts with Coal India Limited (CIL), or the cash to participate in e-auction and take deliveries of the fuel. On... 

Kenya's Portland Cement looks to land sales to fund turnaround

By: Reuters     23rd November 2016 Kenya's East African Portland Cement aims to sell land and shed 1 000 workers – two thirds of its staff – to cut debt and try to revive its fortunes after its market share plummeted, its chairperson said. Portland, 52% owned by the state, was found technically insolvent in a November report by... 

Outlook brightening for Australia's hard-hit mining states – RBA

By: Reuters     22nd November 2016 Australia's central bank is optimistic that the fortunes of the country's hard-hit mining states are turning for the better, a fillip for economic growth and inflation nationally. In a speech on Tuesday, Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said headwinds that were... 

Protecting Gordhan's job could deter ratings downgrade – economist

By: News24Wire      21st November 2016 Ratings agencies will in all likelihood hold off on a sovereign ratings downgrade, as such a move could justify the removal of Finance Minister Pravin Gordhan. This is the view of Gina Schoeman, South Africa economist of global bank Citi, who said in a company note issued on Monday that ratings... 

Wearable tech starting to have a virtual and real impact on the workplace

By: Schalk Burger     18th November 2016 While access control and health and safety wearable devices are commonplace in many commercial companies and industries, the use of augmented reality and virtual reality systems is expected to increase significantly over the next three to five years. Augmented reality will enable employees to... 

Wearable tech starting to have a virtual and real impact on the workplace

By: Schalk Burger     18th November 2016 While access control and health and safety wearable devices are commonplace in many commercial companies and industries, the use of augmented reality and virtual reality systems is expected to increase significantly over the next three to five years. Augmented reality will enable employees to... 

Mining has reasons for optimism and they’re not all Donald Trump

By: Bloomberg     15th November 2016 It isn’t Donald Trump alone who’s making the mining industry great again. Though, he’s surely lent a hand. His victory in the US Presidential election after pledging an infrastructure splurge pushed copper prices up 11% last week, the best performance in more than five years. Mining shares... 

Banco Safra sues Samarco in US court over Brazil dam disaster

By: Reuters     15th November 2016 Brazilian mining company Samarco Mineração was sued by creditors in the US on Monday, accusing it of making false statements about a deadly dam disaster in November 2015. Banco Safra's Cayman Islands branch, individually and on behalf of investors holding Samarco's bonds due in 2022, 2023 and... 

Australia and New Zealand shares keep gains as investors seek Trump benefits

By: Reuters     11th November 2016 Australia and New Zealand shares held onto gains made in the previous session, with financial stocks among the leading gainers on Friday as investors found grounds for optimism among some of President-elect Donald Trump's economic policies. The S&P/ASX 200 index gained 0.3%, or 18.665 points to... 

How financial institutions can take fight to cybercriminals

By: Schalk Burger     11th November 2016 As a highly targeted sector, financial services organisations are best placed to learn about the threats and display best practice in terms of resisting future cyberattacks, says information technology multinational F5 Networks Martin Walshaw. Eighty per cent of financial services institutions... 

South Africa's manufacturing output flat, points to slowing economy 

By: Reuters     10th November 2016 South Africa's factory output was flat in September from a year ago, data showed on Thursday, contrasting strong second quarter economic growth and increasing the risk of a credit rating downgrade. Separately, mining output increased by 3.4% year-on-year in September. But analysts said this was... 

Leaked emails drag top Rio bosses into Guinea mine woes

By: Reuters     10th November 2016 Top Rio Tinto executives discussed payments to a consultant working to smooth relations with Guinea, weeks after it announced a settlement allowing it access to one of the world's largest iron ore deposits, according to internal emails. Rio reported the April 2011 email correspondence on... 

Low economic growth a risk to credit rating – cenbank

By: Reuters     10th November 2016 South Africa's weak economic growth and heightened political risk are a risk to its investment grade sovereign credit rating, the central bank said on Wednesday. In its second and last financial stability review for 2016, the Reserve Bank also said thin liquidity was a recurring problem for the... 

Row over Romania's land of Dracula and gold spills onto new international stage

By: Reuters     9th November 2016 A battle over plans to build a huge gold mine in Rosia Montana, a Romanian village boasting intact Roman mining shafts and 18th century houses, has moved to an international stage, sparking residents' fears that the project could be resurrected. Sitting atop one of Europe's largest gold deposits,... 

Futuregrowth lifts lending suspension on IDC

By: Terence Creamer     7th November 2016 The Industrial Development Corporation (IDC) reported on Monday that Futuregrowth Asset Management’s suspension of lending activities to the State-owned development financier had been lifted with immediate effect. On August 31, Futuregrowth announced that it was freezing all lending to the IDC,... 

Biometric identification is fine, but just don’t share private information

By: Terry Mackenzie-hoy     4th November 2016 A growing technology is that of biometric interfaces. 'Biometrics' is just a smart way of saying "recognising the identity of a person by their fingerprints, voice or the pattern of the iris of one of their eyes”. It seems that using biometrics to identify a person is convenient for all parties:... 

New FNB app simplifies financial decision-making when buying or selling property

By: David Oliveira     4th November 2016 First National Bank (FNB) has launched its nav›› Home edition digital financial navigation service last month, which simplifies customers’ financial decision-making when buying or selling property. The service is available on the bank’s mobile app. 

Trump angst fires up gold as victory may see rally toward $1 400

By: Bloomberg     3rd November 2016 Donald Trump has lit a fire under the global gold market. Bullion rose for a sixth straight day as the tightening US presidential race spurred a jump in haven demand, with investors seeking out protection in their portfolios against the possibility of a victory for the maverick Republican... 

Buy gold no matter who wins the US election, HSBC says

By: Bloomberg     2nd November 2016 There's one certain winner of next week's presidential election, according to HSBC Holdings investors in gold. Although they deem a Donald Trump victory more supportive for the price of the metal than a win by Hillary Clinton, the bank's Chief Precious Metals Analyst James Steel says it'll enjoy... 

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,... 

After descent to hell, miners emerge blinking into daylight

By: Bloomberg     31st October 2016 When the biggest names in mining arrive in London this week, the surroundings will be familiar, the mood unrecognizable. A year ago as prices slumped, talk at the annual London Metal Exchange gathering was of bloodletting and journeys through hell. On Tuesday, the 1 900 dinner guests under the... 

Offshore wind farm on track for first energy this year

     28th October 2016 Digital industrial company GE unit, global energy financial solutions provider GE Energy Financial Services, and global bank Citi, announced earlier this month, the closing of tax equity financing on offshore wind and transmission developer Deepwater Wind’s Block Island wind farm, the first... 

Gold’s top forecaster sees prices sinking amid three Fed hikes

By: Bloomberg     27th October 2016 The Federal Reserve will probably raise rates in December and twice more in 2017, boosting the dollar and hurting gold, according to Singapore-based Oversea-Chinese Banking Corp., the most accurate bullion forecaster in the third quarter. Gold will retreat each quarter next year, dropping to $1... 

Australia pipeline king fights questions on monopoly prices

By: Bloomberg     21st October 2016 After a decade of unrivaled expansion, Australia’s largest gas-pipeline owner is facing growing pains. Complaints from industrial gas users, frustrated by supply shortages and hefty price spikes following the start of Queensland’s liquefied natural gas export plants, sparked a regulatory review... 

Goldman says ‘size doesn’t matter’ as SGX’s iron holds sway

By: Bloomberg     21st October 2016 In the $7 billion-a-day global iron-ore futures market, size doesn’t matter when it comes to clout. Contracts in Singapore have greater pricing power than those traded in China even though the volumes in the city-state are more than 20 times smaller, according to Goldman Sachs Group Inc. Although... 

Eskom and Cahorra Bassa threaten to pull the plug on Zimbabwe 

By: Reuters     21st October 2016 Zimbabwe has been given two months to pay its bills for power from South African power utility Eskom and Mozambique’s Hydro Cahora Bassa, HCB. Zimbabwe imports at least 30 percent of its power and owes Eskom about R250-million and HCB about R126-million. 

Fuel cell field trial providing detailed technical data on rural microgrids

By: Schalk Burger     21st October 2016 A methanol-based fuel cell rural electrification field trial by JSE-listed Anglo American Platinum (Amplats) with support from the departments of Mineral Resources, Energy, Science and Technology and Trade and Industry, Eskom and the Moqhaka Municipality has provided detailed data on the use of... 

World Bank raises 2017 price outlook for oil and metals 

By: Terence Creamer     20th October 2016 The World Bank has increased its 2017 price outlook for both metals and oil in its latest ‘Commodity Markets Outlook’, raising its October forecast for crude oil to $55/bl, from $53/bl in July. It has, however, sustained its forecast for an average oil price of $43/bl in 2016. Energy prices,... 

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