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Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

CSIR signals renewables-led electricity mix by 2050

By: Terence Creamer     16th November 2017 The CSIR Energy Centre has published updated research outcomes indicating that South Africa’s least-cost electricity mix, by 2050, includes predominantly solar photovoltaic (PV) and onshore wind contributing nearly 80% of the country’s electrical energy. The research outcomes, which were released... 

Mad scramble for lithium mines stretches from Congo to Cornwall

By: Bloomberg     25th October 2017 For evidence of just how hot battery ingredient lithium is right now, look no further than Australia’s AVZ Minerals. A penny stock until a few months ago, the mining hopeful has surged about 1 500% this year. The proposition: recasting a remote, century-old tin mine in the Democratic Republic of... 

Sasol to unveil new empowerment funding plan in Feb

By: Bloomberg     20th October 2017 Sasol, the world’s largest maker of fuel from coal, abandoned a plan to sell about R13-billion of shares in order to repay debt owed by investors who participated in a transaction to boost black ownership of the company. Johannesburg-based Sasol transferred a stake to about 250 000 black... 

Here's one commodity rally that may end up being short-lived

By: Bloomberg     27th September 2017 Is it finally time to get excited about nitrogen fertiliser? Since the end of June, prices for the world’s most commonly used crop nutrient have soared 60 percent in the US – rebounding from the lowest levels in more than a decade. There have been similar moves in Brazil, India and the Middle... 

Paulson and other hedge funds rewarded as angst fuels gold

By: Bloomberg     15th August 2017 Hedge-fund managers including billionaire John Paulson are being rewarded as investor worries over everything from uneven economic data to US-North Korean tensions fuel a rally in bullion. At the end of June, Paulson & Co. owned 4.36-million shares of SPDR Gold Shares, a US government filing... 

This Canadian copper giant is missing best of metal's surge

By: Bloomberg     12th August 2017 As copper producers from Freeport-McMoRan to BHP Billiton ponder what to do with the windfall from surging prices, First Quantum Minerals has no such dilemma. Unlike most of its peers, First Quantum’s copper sales are fully hedged – at an expected average price of $2.37/lb for the second half of... 

Trump is said to be 'really interested' in payments for coal use

By: Bloomberg     10th August 2017 West Virginia Governor Jim Justice said Donald Trump is “really interested” in his plan to prop up Appalachian mining by giving federal money to power plants that burn the region’s coal. Justice, a coal and real estate mogul elected governor last year as a Democrat, announced at a West Virginia... 

Tariq Yusuf

     7th July 2017 This week we feature Tariq Yusuf, cofounder and director of ePower Holdings, a supplier of affordable alternative energy sources that are set up in communities and can be used by people who have minimal or no access to the power grid   

Big boost for platinum as world's mayors tackle urban air pollution 

By: Martin Creamer     30th March 2017 The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40... 

Solar energy may get boost from Africa’s biggest oil exporter 

By: Bloomberg     24th March 2017 Nigeria, Africa’s biggest oil exporter, may be about to turn sunward to generate more of its power. Senators in the capital of Abuja are debating an allocation of $30-million to solar projects in this year’s Budget, according to the Renewable Energy Association of Nigeria (REAN). They are... 

Trump-policy concerns send gold shooting to a two-month high

By: Bloomberg     7th February 2017 Gold futures surged to the highest in more than two months as investors grow wary about the possible impact of US President Donald Trump’s domestic and international policies. Data on Friday showed US wage growth slowed, reducing the odds of Federal Reserve rate increases this year and sending... 

South African vehicles affected by big Toyota, Nissan recalls

By: Irma Venter     29th May 2015 Japanese carmakers Toyota and Nissan have announced a global recall of more than 6.5-million vehicles following concern that consumers could be harmed by faulty airbags. This adds to the more than 17-million vehicles that 10 automakers have recalled since 2008 for faulty airbags made by Takata,... 

SOLAR RISING

     29th May 2015 Global solar installations this year may approach 60 GW and surpass 68 GW in 2016, data compiled by Bloomberg New Energy Finance shows. In South Africa, tariffs associated with solar photovoltaic plants have fallen 76% since 2011 to 79c/kWh installed. Pictured above is an aerial view of solar... 

Ivanhoe CEO heads to DRC this weekend to address confusion

By: Henry Lazenby     28th May 2015 Africa-focused project developer Ivanhoe Mines will send a high-level delegation to the Democratic Republic of Congo (DRC) this weekend to address any “misunderstandings” that might exist between itself and the government following Ivanhoe’s announcement on Monday to sell nearly half of the Kamoa... 

Municipalities not paying Eskom lose out on key funds 

By: News24Wire      18th May 2015 The government has resorted to withholding payments to municipalities that owe Eskom money in an effort to stabilise the finances of the state utility. Finance Minister Nhlanhla Nene said Treasury had taken steps to persuade municipalities to conclude payment plans and repay Eskom debts. 

Newest global airbag recall includes more than 200 000 SA vehicles

By: Irma Venter     14th May 2015 Japanese carmakers Toyota and Nissan have announced a global recall of more than 6.5-million vehicles following concern that consumers could be harmed by faulty airbags. This adds to the more than 17-million vehicles that 10 automakers have recalled since 2008 for faulty airbags made by Takata,... 

Russian nuclear talks with West African country but no deal yet

By: Keith Campbell     1st May 2015 Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that the nuclear company was to... 

Russia’s Rosatom confirms nuclear talks with Nigeria but no deal yet

By: Keith Campbell     17th April 2015 Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that the nuclear company was to... 

CROP WARNING

     17th April 2015 Dried maize growing on a drought-affected farm in Lichtenburg, in South Africa’s North West province. The country is experiencing its worst drought since 1992, leading to forecasts of a 32% drop in the 2015 harvest.  

Mining in Botswana

     15th April 2015 As an International Trade Fair focused on mining and construction in Africa, particularly within the Southern African Development Community (SADC), the Organizers of BAUMA CONEXPO AFRICA 2015 look on excitedly as the mining industry continues to develop in Botswana. Particularly as bauma Africa... 

SAA CEO labour court matter struck off the roll

By: News24Wire      10th April 2015 Suspended SAA CEO Monwabisi Kalawe's bid to stop his disciplinary hearing has been struck off the roll of the Johannesburg  Labour Court, a court clerk said on Friday. The clerk did however not know the reason why. SAA spokesman Tlali Tlali said the airline had not been formally notified and... 

HIGHS & LOWS

     6th March 2015 The Burj Khalifa tower stands above other skyscrapers on the city skyline in Dubai, United Arab Emirates. Bloomberg reports that declining currencies in European countries, whose citizens are among the leading buyers of Dubai homes, are combining with falling oil prices and a tax on foreign... 

Expect increased mining M&A with a difference – Standard Bank 

By: Martin Creamer     2nd February 2015 Because investors have been shunning the mining sector, mining company CEOs lacked the confidence to undertake any significant merger and acquisition (M&A) in the last two years. M&A generally thrives on confidence, which has been in short supply because of commodity prices falling even further... 

Future imperfect

By: Terence Creamer     30th January 2015 Aside from the horrific terror attacks in Nigeria and France, the precipitous fall in the oil price has been the main news story of 2015 so far. The weakening has not only been steep, it’s been fast, with the rapidness of the change illustrated neatly in an article appearing in Bloomberg... 

Anglo American may sell two more Australian coal mines – report

By: Esmarie Swanepoel     27th January 2015 Mining major Anglo American said on Tuesday that its coal portfolio review was still under way and that the outcome of the review was still to be determined. This comes after newswire Bloomberg reported that Anglo American may sell more of its Australian coal assets, citing a person with... 

Renewable power a major energy growth source

By: Jonathan Rodin     12th December 2014 According to autonomous organisation the International Energy Agency (IEA), gas and renewable power are expected to be the major sources of energy growth on the African continent in the coming years.  More than 620-million people, or two-thirds of the continent’s population, in sub-Saharan Africa... 

Sustaining Momentum

By: Terence Creamer     14th November 2014 South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean. The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy Finance on behalf of American... 

GE’s Ireland part of new US advisory body on doing business in Africa

By: Terence Creamer     12th November 2014 US multinational GE has confirmed that Jay Ireland, the group’s Africa president and CEO, has been appointed to the newly establish US President’s Advisory Council on Doing Business in Africa. The council was established by President Barack Obama following the recent US-Africa Business Forum,... 

SA attracts nearly $10bn in renewables investment in two years – study 

By: Terence Creamer     28th October 2014 South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean. The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy Finance on behalf of American... 

Ivanhoe blasts media report alleging South African transgressions

By: Henry Lazenby     8th October 2014 Ivanhoe Mines on Wednesday hit back at a media report by Bloomberg that, among other accusations, alleged the company had rigged representative elections to a community trust that was set up as part of a broad-based black economic-empowerment (BBBEE) deal that gave 20 local communities a 26%... 

Standard Bank ranked one of world’s greenest banks

By: Natalie Greve     23rd September 2014 The Standard Bank Group has been named one of the world’s greenest banks by Bloomberg Markets, ranked eighteenth out of 20 global finance institutions recognised for their investments in green-energy projects and efforts to reduce their own waste and carbon footprints. The banking group was the... 

Pivotal buys remaining stake in Alice Lane development for R1.5bn

By: Natalie Greve     17th September 2014 In a landmark R1.5-billion deal that precedes it planned listing on the JSE, Pivotal Property Fund has acquired “strategic” land and property assets from Standard Bank Properties, which includes Sandton’s landmark Alice Lane development. “Pivotal has acquired strategic land and property, which... 

Lacklustre Chinese demand drives iron-ore prices to 5-year low

By: Henry Lazenby     2nd September 2014 Benchmark iron-ore prices, which had fallen by more than one-third since the start of the year, last week breached the $90/t level and continued to spiral lower to 86.2/t on Monday, as a supply glut faces reduced demand growth from the commodity’s largest consumer, China. London-based fund... 

NO EARNINGS DELIGHT

     18th July 2014 Samsung issued unexpectedly weak quarterly earnings guidance last week, which put it on track for its worst results in two years. Pictured above are visitors to the group’s Semiconductor Rider experience at its ‘d'light showroom’ in Seoul, South Korea. 

Poultry association welcomes antidumping duties against EU countries

By: Natasha Odendaal     7th July 2014 The South African Poultry Association (Sapa) has welcomed antidumping action taken by the International Trade and Administration Commission of South Africa (Itac) against European Union (EU) countries found dumping poultry products in South Africa. Preliminary antidumping duties were instituted... 

Miners to feel the pinch of doubled freight rates in 2015 – report

By: Natalie Greve     27th June 2014 Citing consensus among shipping analysts that Capesize freight rates will double within the next year, fund manager Liberum Capital has cautioned about the impact of this on the margins of mining companies – particularly those in the iron-ore sector. According to Bloomberg-compiled freight... 

HIGH STAKES

     27th June 2014 Siemens and Mitsubishi Heavy Industries moved last week to improve on General Electric’s offer for engineering group Alstom. But the French government then raised the stakes by urging the rival suitors to come up with better offers. President Francois Hollande’s government also insists that any... 

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