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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... 

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,... 

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... 

Renewables council to present united voice

By: Pimani Baloyi     27th June 2014 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 the council. Sarec comprises the... 

Alpha Natural Resources polluted rivers – US judge

By: Henry Lazenby     9th June 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 Wednesday found that Alpha... 

Fortinet Strengthens Cloud Security Offering: Supports VPN Access to Microsoft’s Azure Cloud Platform

     19th May 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 application workloads remains... 

Mining majors prioritising value over volume as profits, valuations sag

By: Henry Lazenby     4th April 2014 Bruised and battered, the global mining industry today is undergoing a sea change. Practices and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found. Many mining majors, across all commodity... 

Canada, the global ‘mining capital’, reaffirms support for industry

By: Henry Lazenby     5th March 2014 The Canadian Ministry of Natural Resources this week used the world’s largest gathering of miners, the Prospectors and Developers Association of Canada’s (PDAC’s) International Convention, Trade Show and Investors Exchange to once more throw its full weight behind the mining industry. Speaking at... 

Ministry Of The Economy And Planning

     3rd March 2014 In a news item on Gabon published by Bloomberg yesterday, 26 February 2014, it was reported that the State's coffers are empty and that the country does not have the means to pay its bills. Furthermore, this information is purported to have come from Mr Michel Meviane, a Financial Adviser at the... 

Cities’ importance in fighting climate change increasing – Bloomberg 

By: Leandi Kolver     5th February 2014 The international community is increasingly looking toward cities for leadership with regard to fighting climate change, C40 president and former New York mayor Michael Bloomberg said on Wednesday. Speaking at the C40 Summit, in Sandton, he said this was a big step forward as “the impact of... 

Dominion Diamonds updates Diavik and Ekati mine plans

By: Henry Lazenby     4th February 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 development at the site wound down. In... 

Africans must show the way on intra-continental trade, investment – Zuma

By: Terence Creamer     3rd February 2014 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 Africa’s emergence as the single largest... 

Schneider Electric integrates the top 10 of the 2014 Global 100 Most Sustainable Corporations in the World

     30th January 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 Knights world ranking as one of the 100... 

BACK TO THE FUTURE

     24th January 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 Europe’s appetite for cheaper... 

US oil boom upends markets as drilling spreads

By: Bloomberg     24th January 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. 

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