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Topic - Bloomberg
Aug 05, 2014
US President Barack Obama
President Barack Obama will announce on Tuesday that US businesses have committed to investing $14-billion in construction, clean energy, banking, and information technology projects across Africa, a White House official said. The announcement will occur at the...
Jul 18, 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.
Jul 07, 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...
Jun 27, 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...
Jun 27, 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...
Jun 27, 2014
DAVIN CHOWN Government’s Renewable Energy Independent Power Producer Procurement Programme has helped address community development challenges
The newly launched South African Renewable Energy Council (Sarec) aims to consolidate the voices of the renewable-energy sector and represent them to government and other stakeholders as the country’s renewable-energy sector experiences unprecedented growth, says...
Jun 09, 2014
A US federal judge of the Western Virginia District Court had last week ruled that two mines owned by NYSE-listed US coal producer Alpha Natural Resources in southern West Virginia had illegally polluted streams. District chief judge Robert Chambers in his verdict on...
May 19, 2014
Fortinet® a global leader in high-performance network security - today announced support for secure access to the Microsoft Azure cloud platform. As organizations continue to migrate mission critical applications to the cloud, secure access to sensitive data and...
Apr 04, 2014
Mar 05, 2014
Mar 03, 2014
Feb 05, 2014
Feb 04, 2014
Canadian precious gem producer Dominion Diamond Corp on Monday afternoon said that in 2014, it planned to produce about 7% fewer carats from the Diavik mine, in Canada’s Northwest Territories, while operating costs were expected to drop 16% as underground...
Feb 03, 2014
President Jacob Zuma
External partners could not be expected to appreciate the value of Africa “if we as Africans do not”, President Jacob Zuma said at the Bloomberg ‘Africa: Economic Outlook and Opportunities’ conference in Johannesburg on Monday, while underlining South...
Jan 30, 2014
• Schneider Electric’s sustainable development strategy is recognized for the third consecutive year • The Group won the 1st place of the industry and capital goods sector Schneider Electric has been awarded, for the third consecutive year, by the Corporate...
Jan 24, 2014
A mining conveyor machine reflects in a safety mirror at an open-pit lignite mine operated by Vattenfall in Welzow-Sued, Germany. Bloomberg News reports that utilities are expanding open-pit mines that produce lignite, considered the dirtiest type of coal, to feed...
Jan 24, 2014
The US oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.
Jan 13, 2014
Telkom CEO Sipho Maseko
Telkom on Monday reiterated the need to cut costs to turn the embattled telecommunications firm around, but noted that no action regarding reported staff cuts had been undertaken as yet. Sipho Maseko, who took over as CEO of the group on April 1 last year, had...
Oct 18, 2013
The Royal Mail, which is nearly 500 years old, began trading on the London Stock Exchange on October 15 following a somewhat controversial privatisation – the UK government’s biggest flotation in two decades. There was significant opposition to the sale of the...
Oct 04, 2013
The African Development Bank (AfDB) had become the largest financier of clean energy in Africa, acting director of the climate change department Kurt Lonsway reported on Friday. The AfDB provided a cumulative $4.3-billion of the total $14.7-billion invested by...
Oct 02, 2013
The London Bullion Market Association (LBMA) conference has ended in Rome with a moderate collective gold price forecast of $1 405/oz by the time the LBMA meets again, in Lima, in November next year. During the two-day LBMA conference, more than 800 delegates from...
Oct 01, 2013
China and India were currently the consumers of more than 60% of global gold, World Gold Council Far East MD Albert Cheng said on Tuesday. Cheng, who was speaking to Mining Weekly Online from the London Bullion Market Association (LBMA) conference in Rome, said...
Sep 06, 2013
Emerging markets are deeply concerned about the potential fallout arising from the US Federal Reserve’s move to begin tapering its quantitative-easing programmes – something that could begin as early as this month. It was one of the major issues raised the recent...
Aug 23, 2013
South African-born and educated inventor and entrepreneur Elon Musk unveiled his futuristic ‘Hyperloop’ high-speed transport concept last week (see inset picture). He believes the solar-powered solution – comprising air-propelled sealed capsules able to carry...
Aug 09, 2013
I like green buildings. They are well built, efficient, quiet and user friendly, and are not wasteful of energy and resources. The top stuff. I like green building consultants. In many projects, the architec'ts good ideas and great plans and the engineer's designs...
Aug 02, 2013
On Thursday at the Hyatt Hotel Sandton on 15 August the Fossil Fuel Foundation is hosting a conference that promises to be a rich mix of opinions and controversial views
Jul 10, 2013
The falling gold price in recent months has emphasised the need for governments of mineral-rich countries to cooperate with mining companies in the optimal development of their resources, Randgold Resources CEO Mark Bristow has urged. At the end of June, the gold...
Jun 28, 2013
The e-toll saga of the South African Roads Agency (Sanral) certainly has reached amazing proportions. There is virtual universal opposition to the concept of the e-tolling of the urban freeways, with Sanral desperately trying to fight in favour of e-tolling. Sanral...
Jun 28, 2013
South African inflation slowed for the first time in five months in May, while the current account deficit unexpectedly shrank, improving the outlook for Africa’s largest economy. The inflation rate fell to 5.6% in May from 5.9% in April, the statistics office said...
Jun 21, 2013
Position: Deputy CEO of Thales South Africa Main Activity of the Company: Defence and security, aerospace and transportation Date and Place of Birth: November 7, 1968 Education: PDM (GIBS) University of Pretoria, BCom University of Witwatersrand & Masters in Business...
Jun 19, 2013
Developed countries had to become more aware of the impact of their actions on emerging markets and manage their internal and global affairs accordingly, Finance Minister Pravin Gordhan said on Wednesday. Speaking at a Bloomberg and Business Day business breakfast,...
Jun 19, 2013
The South African government is clear on the role it has to play in normalising the country’s mining industry, Finance Minister Pravin Gordhan said on Wednesday. He said that, in the global context of financial markets losing confidence in the mining industry, as...
Jun 10, 2013
State-owned Transnet on Monday said it had raised R3.3-billion in a bond issue, bouncing back from a failed issue earlier this month. The transport group initially planned a R1-billion bond, but it was oversubscribed by 3.4 times. “[This achievement] reflects the...
Apr 30, 2013
Cape Town is becoming a hot destination for the call centre sector, with an announcement of further investments and the creation of many more jobs. Capita, one of the Western Cape’s largest call centre operations has announced that it has invested R500-million...
Apr 26, 2013
It is not commercially feasible to launch a State-owned shipping company, owing to recent managerial challenges experienced by other State-owned enterprises (SOEs), says advisory firm Frontier Advisory CEO Dr Martyn Davies.
Apr 12, 2013
Financial firm Standard Bank’s R9.4-billion involvement in government-approved renewable-energy projects has earned the bank the ranking of twelfth greenest bank globally by Bloomberg Markets. Each year, Bloomberg Markets assesses the top 40 global banks based on...
Mar 29, 2013
On March 7, 2013, the London Array officially became the world’s largest operational offshore wind farm, when its 141st wind turbine began producing. The project, which will eventually incorporate 175 3.6 MW Siemens turbines, is a partnership between Dong Energy,...
Aug 23, 2012
Aug 17, 2012
Vendors sell vegetables at a market in New Delhi, India, after a series of failures and excessive demand knocked out power for 640-million people in northern and central India in late July and early August. Described as the world’s worst-ever blackouts, experts...
Aug 10, 2012
South African Reserve Bank Governor Gill Marcus says policy consistency and coordination by the government of Africa’s largest economy is essential to boost growth and reduce unemployment.
Apr 24, 2012
Beleaguered mining firm First Uranium on Tuesday confirmed it had received an expression of interest from a group comprising Russia’s Renova, which the company said could culminate in an offer for its Ezulwini mine $10-million greater than an existing bid. TSX-...
Apr 03, 2012
ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary Baiyin Precious...
Mar 30, 2012
Since the start of the current global economic crisis in 2008, there has been renewed interest in the concept of ‘State capitalism’, as distinct from ‘market capitalism’. (The term ‘liberal capitalism’ is shorthand for ‘liberal democracy plus market...
Mar 27, 2012
With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets and list them. For starters, both have major diamond operations in...
Feb 21, 2012
Supply constraints out of South Africa, the biggest platinum producer, coupled with shrinking palladium shipments from Russia, mean that the prices of the two metals will continue to move closer together, Stillwater Mining CEO Francis McAllister said on Tuesday....
Jan 26, 2012
Potash Corp, the biggest fertiliser-maker, on Wednesday said it is increasing its quarterly dividend by 100% to $0.14 a share, having also doubled the payout a year ago. CEO Bill Doyle said the increase “reflects the confidence we have in the drivers of our...
Jan 19, 2012
The SA Reserve Bank has left the repo rate unchanged at 5.5 percent, governor Gill Marcus said on Thursday. The prime rate would stay at nine percent.
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