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Platinum price upside limited despite stronger structural demand in coming years

By: Henry Lazenby     20th January 2017 Analysts at Bank of America Merrill Lynch (BofAML) Global Research forecasts little upside for platinum despite strengthening structural demand, saying South African producers are putting more ounces on the market at a time when discipline is required. In a ‘Global Metals Weekly’ report published... 

We should spend time with our loved ones

By: Terry Mackenzie-hoy     20th January 2017 A week ago, my darling, my best friend, was driving back from her mother’s house. She must have felt a slight pain in her chest and so pulled over into the parking area near Kloof Neck, which has a beautiful view of Camps Bay. There she died. When they found her, she had a smile on her face. She... 

Atterbury builds a vibrant new base for SA’s legal community at The Club Advocates’ Chambers

     19th January 2017 Offering advocates the opportunity to own or rent offices in a modern new urban precinct with a live-work-play lifestyle, Atterbury is developing The Club Advocates’ Chambers in Pretoria. Working hand-in-hand with a group of advocates from the city, the leading South African property investor and... 

Galaxy secures $40m debt funding

By: Esmarie Swanepoel     19th January 2017 Lithium producer Galaxy Resources has secured a debt facility of up to $40-million with BNP Paribas, to repay the outstanding balance of an OCP Asia facility, and for general corporate purposes. The loan will consist of three tranches, the first of which was a $10-million term loan, maturing at... 

Egypt on track to receive IMF loan's second tranche

By: Reuters     19th January 2017 Egypt is on track to receive the second tranche of a $12-billion three-year loan from the International Monetary Fund (IMF) pending a visit in the end of February to review progress on its economic reform program, the fund said on Wednesday. The IMF originally approved the loan, intended to... 

Peru economy grew 3.22% y/y in Nov – govt

By: Reuters     18th January 2017 Peru's economy grew by 3.22% in November from the same month a year ago, beating expectations, with strength in sectors including mining and manufacturing outweighing a slide in construction, government data showed on Monday. The annualised economic growth rate was 4.14% in November, state... 

Investment key to raising South Africa’s lagging growth potential – World Bank 

By: Terence Creamer     17th January 2017 The World Bank says raising private investment in South Africa will be critical to increasing the country’s growth potential above its current estimate of only 1.3%, which is well below the National Development Plan’s (NDP’s) aspiration of 5.4% a year. In its ninth South Africa Economic Update,... 

Kathu concentrated solar power project, South Africa

By: Sheila Barradas     13th January 2017 Sener is expected to continue providing the engineering, procurement and construction services for the project this year, in conjunction with its joint venture partner Acciona. 

World Bank warns rand could take hit amid global policy flux

By: Terence Creamer     10th January 2017 The World Bank has issued a warning that the South Africa currency could come under pressure in 2017, owing to heightened policy uncertainty in the US and Europe, which could constrain capital flows to emerging and frontier markets. However, the bank’s baseline projection is for the South African... 

European shares ease as miners, banks fall

By: Reuters     29th December 2016 European shares opened slightly lower on Thursday as miners fell and Italian banks and Credit Suisse led banking shares lower. The pan-European STOXX 600 index was down 0.3%. Volumes were subdued during the last few days of the year. 

Vast Resources set for increased gold production in Zimbabwe

By: Megan van Wyngaardt     20th December 2016 Aim-listed mining company Vast Resources has seen gold production at its Pickstone-Peerless mine, in Zimbabwe, increase 75% in the six months ended September 30, to 9 452 oz. CEO Roy Pitchford on Tuesday said that production at the mine consistently surpassed expectations, having reliably... 

IMF's Christine Lagarde found guilty of negligence 

By: News24Wire      20th December 2016 Christine Lagarde, the chief of the International Monetary Fund (IMF), has been found guilty of negligence by a French court over a massive payout to a tycoon when she was the country's finance minister, but will not be fined or face prison. Lagarde was found to be at fault on Monday for failing... 

With gold prices stuck in ‘purgatory,’ hedge funds pull out

By: Bloomberg     19th December 2016 Gold is in the doldrums. Prices have fallen for six straight weeks, the worst streak in a year, as prospects for higher US borrowing costs damped demand for gold, a for non-interest-bearing asset. Investors do not seem too optimistic about the outlook for 2017. Hedge funds cut their bets on a... 

Absent growth SA’s junk escape may be short-lived

By: Bloomberg     16th December 2016 South Africa’s chances of repeating its escape from a junk credit rating in 2017 are in the balance as focus intensifies on tepid economic growth and simmering political tensions. 

Wind farm completed in Eastern Cape

     16th December 2016 The Nojoli wind farm, in the Eastern Cape, has been completed and connected to the grid by multinational renewable-energy corporation Enel’s subsidiary Enel Green Power RSA (EGP RSA).  

Ready for the holidays? Maybe not?

     15th December 2016 You're building your shopping lists, checking your credit card balances and scanning for can’t miss deals. You may have even installed new apps that can automatically scan and compare prices to make sure you are getting the best deal. But what about cyber security? How safe are you when you are... 

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... 

Gold beaten down as Fed’s rate-hike countdown enters final hours

By: Bloomberg     14th December 2016 Gold traded near a ten-month low before an interest rate decision from the Federal Reserve, with investors expecting policy makers led by chairperson Janet Yellen to deliver the central bank’s first hike of the year just as US equities power to records. Bullion for immediate delivery was at $1... 

Farm workers earn through carbon credit programme

By: Megan van Wyngaardt     13th December 2016 Twenty-seven employees of the Spier wine estate, in Stellenbosch, have, through a climate change mitigation initiative, shared half the R204 000 paid out from carbon credits – derived from practicing regenerative farming on a section of the organically certified wine farm. An average of R4 000... 

Biometric company targets payment processing industry

By: Schalk Burger     9th December 2016 Biometric identification multinatonal Ideco aims to grow its presence in the $2-trillion- a-year global payment processing industry and increase the use of mobile biometric identification systems to secure and process mobile transactions. Mobile biometrics are predicted to generate $34.6-billion... 

Lite-C sensors allow for reduction in electricity bills

By: Simone Liedtke     9th December 2016 Energy efficiency solutions provider Magnet Energy has developed, designed and manufactured the Lite-C wireless lighting control system, which allows for a reduction in electricity bills of up to 43%. 

Plan, but no man

By: Terence Creamer     9th December 2016 South African Reserve Bank (SARB) governor Lesetja Kganyago does little to hide his frustration about the lack of progress in pursuing the structural reforms required to improve South Africa’s growth prospects and deal with its serious unemployment problem. He argues that the National Development... 

Shaving the point finer and finer

By: Terry Mackenzie-hoy     9th December 2016 Cellphone users will have noticed that the interval between when you finish entering the number (oops – I nearly wrote 'dialling the number') and when the other phone rings is getting slightly longer. You enter the number, there is a three-second pause, you hear a sort of tone and then another... 

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... 

The ‘weird’ commodity that’s hurting bears as prices double

By: Bloomberg     7th December 2016 Iron-ore’s probably heading for a retreat in 2017 as new mine supply comes online and a surplus builds, according to UBS Group, which acknowledged that the commodity’s recent surge was unexpected and had torpedoed an earlier forecast for a slump this quarter. “It’s just surprised me,” Wayne... 

Triton debuts new look, renews focus on Mozambique graphite project

By: Esmarie Swanepoel     6th December 2016 A new-look Triton Minerals has emerged from administration, resuming share trading on the ASX and with a renewed focus on the rapid development potential of its Ancuabe graphite project, in Mozambique. Triton in March went into voluntary administration, shortly after announcing plans to become a... 

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... 

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.  

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... 

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... 

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