R/€ = 15.00 Change: -14.85
R/$ = 13.77 Change: -13.63
Au 1274.27 $/oz Change: 2.17
Pt 960.00 $/oz Change: -5.00


Total, Glencore and Gunvor bidding for Chevron's South African assets

By: Reuters     25th October 2016 Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a refinery, three industry sources told Reuters on Tuesday. U.S. oil major Chevron said in January it planned to sell 75% of its South African business unit, which includes a 110 000... 

Zuma to answer tough questions in Parliament on Gordhan, Myeni 

By: News24Wire      25th October 2016 President Jacob Zuma is due to answer Members of Parliament (MPs) in the National Council of Provinces (NCOP) on Tuesday, where he is expected to face questions on Finance Minister Pravin Gordhan and a looming economic downgrade. Zuma missed his quarterly appearance in the NCOP last term, making... 

Afrox opens R60m Riverhorse Valley hub

By: Shirley le Guern     24th October 2016 African Oxygen (Afrox) officially unveiled its flagship R60-million filling and engineering services hub at Riverhorse Valley to the north of Durban on Friday. The 18 000 m² site is home to a one-stop-shop for Argoshield, carbon dioxide, nitrogen, helium, medical and food-grade gases, as well as... 

Cape Town to acquire ten electric buses in R126m deal 

By: Irma Venter     24th October 2016 The City of Cape Town has awarded the tender for the procurement of ten electric buses and their necessary ancillary equipment for the MyCiTi service to the Chinese BYD conglomerate. A tender for the low-floor electric buses was advertised in February and awarded in September. 

South Atlantic submarine cable system to dramatically lower latency between Africa, South America

By: Schalk Burger     21st October 2016 The $130-million South Atlantic Cable System (SACS) will reduce latency between Africa and South America from 300 ms to 63 ms once it is completed in mid-2018, says Angola Cables CEO Antonio Nunes. The cable system, which traverses 6 500 km of the Atlantic between Fortaleza, Brazil, and Sangano,... 

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     21st October 2016 The need to diversify Africa’s primary-resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant minerals endowment. At this year’s Joburg Indaba, which took place... 

Cutting solutions company celebrates 60 years of operations

By: Dylan Slater     21st October 2016 Benrose-based capital equipment, cutting consumables and precision measuring tools company First Cut celebrated its sixtieth year of existence in the South African industry, highlighting continued customer support and meeting customer needs as being core to survival.  

Dutch team breaks record by completing 4 716 km in 2016 solar race

By: Irma Venter     21st October 2016 Dutch team Nuon, from the Delft University of Technology, won the 2016 Sasol Solar Challenge, with the 2012 winner, from Tokai University, in Japan, in second place, at 4 533 km. Nuon also won the 2014 distance-based event. 

Grid storage to decrease electricity infrastructure cost

     21st October 2016 Information and communication technology company Xon notes that grid storage solutions can help to overcome the challenges associated with the cost to build and maintain infrastructure for total installed electricity. The company notes that the total installed electricity generating capacity in... 

KSB Pumps and Valves

     21st October 2016 Headquartered on the East Rand, KSB Pumps and Valves in an original-equipment manufacturer of technologically advanced pumps, valves and related products for sectors including water, sewerage, chemicals, petrochemicals, steel, mining, energy and building services. Since 1959, the company has... 

Mere tweaks are all that’s needed to update energy plan

By: Kelvin Kemm     21st October 2016 There has been a bit of comment in the media about the Integrated Resource Plan (IRP) of the Department of Energy.  The plan is currently used as the planning base is the 2010 IRP. Comment now is that the plan needs updating. That, of course, is quite correct. Any plan needs updates from time to... 

National Nuclear Regulator building itself up to meet future challenges

By: Keith Campbell     21st October 2016 South Africa’s National Nuclear Regulator (NNR) is busy strengthening the country’s nuclear regulatory framework, in anticipation of the planned construction of a fleet of new nuclear power stations (NPPs). “As part of strengthening our capacity we recently launched a Centre for Nuclear Safety... 

R300bn-a-year climate change war chest could electrify all of Africa

By: Terry Mackenzie-hoy     21st October 2016 The joke goes like this: a Frenchman and a German meet in a bar just after the end of the Second World War. Initially a bit wary, they start talking after a while. They have both just been discharged from their respective armies. They discuss what they are going to do when they get home. “Oh,”... 

Sasol invests in social responsibility initiatives

     21st October 2016 Furthering its social outreach, energy and chemicals company Sasol held its sixteenth flagship career exhibition, Sasol Techno X, from August 16 to 19 at the Boiketlong Sports Centre in Sasolburg. 

Chevron South Africa inks three-year products and services agreement with SNC-Lavalin

By: Anine Kilian     20th October 2016 Multinational energy corporation Chevron has signed a three-year master products and service agreement with engineering and construction group SNC-Lavalin for the 2017 turnaround work at Chevron’s oil refinery, in Cape Town. The scope of work included in the service agreement covers routine... 

New Cape restaurant node opens with dining firsts

     20th October 2016 THE developers behind Somerset West’s acclaimed Waterstone Village are celebrating the opening of their anticipated destination centre, a R400-million mixed-use retail and convenience development called The Sanctuary. Anchored on the corner of the R44 and De Beers Avenue, the three-storey... 

South Africa Parliamentary committee approves draft minerals law

By: Bloomberg     20th October 2016 South African lawmakers said they will persist with approved amendments to the country’s oil and mining laws, rejecting concerns raised by President Jacob Zuma about the constitutionality of changes to the legislation first passed more than two years ago. While lawmakers in the world’s largest... 

Bigen Africa appoints Henk Bester to lead Transport directorate

     19th October 2016 Solutions-driven infrastructure development group, Bigen Africa, has appointed Henk Bester as Managing Director of its Transport directorate. Bester, formerly managing director of rail at Hatch Consultants, will play a key role in driving the group’s business development goals, which include... 

MSA Africa invests R1.5 million in aftermarket service centre network

     19th October 2016 MSA Africa, a global leader in the development, manufacture and supply of safety products, supplements its total solutions approach with a comprehensive aftersales and technical support service. Based at its Johannesburg premises, MSA Africa’s main aftersales service centre offers in-house... 

Maximising Production Through Standby Power Generation Solutions

     18th October 2016 Cummins has ensured uninterrupted power supply at Peninsula Beverages (PenBev) – a Cape Town-based independent bottling company that holds the rights to manufacture and distribute the products of The Coca-Cola Company within the Western and Northern Cape – after the successful supply,... 

Building Energy to take part in the 2016 South Africa – Italy Summit 

     17th October 2016 Fabrizio Zago, CEO of Building Energy, will illustrate the opportunities in the electricity market during a debate on how to cooperate in the energy sector to overcome the challenges of the future Building Energy, multinational company operating as Global Integrated IPP in the Renewable Energy... 

First South African industrial property gets Green Star SA rating

By: Anine Kilian     17th October 2016 Property development company Growthpoint Properties’ Greenfield Industrial Park, in Cape Town, has been awarded South Africa’s first ever Green Star South Africa (SA) rating for an industrial property. Greenfield received a 4-Star custom industrial as-built Green Star SA certification from the... 

Growthpoint’s Greenfield Industrial Park achieves SA’s first industrial Green Star rating

     17th October 2016 Growthpoint Properties’ Greenfield Industrial Park in Cape Town has been awarded South Africa’s first ever Green Star SA rating for an industrial property. In a milestone achievement for green building in South Africa, Greenfield received a 4-Star Custom Industrial As-Built Green Star SA... 

DSG claims Best Domestic Outsourced Contact Centre award at BPeSA Awards 2016

     17th October 2016 Digital Solutions Group – a market leader in on-demand customer experience management – received the accolade for Best Domestic Outsourced Contact Centre at the BPeSA 2016 national awards ceremony hosted in Cape Town over the weekend.   These awards connect the industry’s leading achievers and... 

Vital Engineering ensures no ‘slipping up’ when it comes to water industry safety

     14th October 2016 Vital Engineering is the forerunner when it comes to the provision of precision-made, quality steel and fibreglass gratings and hand railing products to many sectors, including the water and waste-water treatment industry. Due to the operational nature of these plants, it is essential that... 

A.B.E. Products For Two Cape Hospital Building Projects

     14th October 2016 Products supplied by a.b.e. Construction Chemicals were selected for major hospital construction projects in both the Eastern and Western Cape. A.b.e. is part of the Chryso Southern Africa Group. Nick Pike, Technical Sales Consultant for a.b.e. in East London, says for the extensions and... 

Cwele: Govt doesn’t want to run mobile networks

By: News24Wire      14th October 2016 South Africa’s government has no intention of running a mobile network in the country, says Telecoms Minister Siyabonga Cwele. Last month, Cabinet approved South Africa’s new national ICT policy which seeks to establish a single public-private sector owned wireless open access network (WOAN). 

Gordhan dismisses fraud charge as 'frivolous'

By: Reuters     14th October 2016 Finance minister Pravin Gordhan on Friday dismissed fraud charges laid against him this week as "frivolous" and said he would carry on with his job, including delivering an interim budget at the end of the month. Speaking via video link to a Thomson Reuters investment conference in Cape Town, a... 

Strategic advisory services for ports and marine terminals from Advisian

     14th October 2016 Advisian, the global advisory business of the WorleyParsons Group, has seen significant growth in their Ports and Marine Terminals division in recent months, as increasing emphasis is placed on efficient terminal operations, which are essential for sustaining national competitiveness, addressing... 

South Africa 'is not business as usual' – S&P's Africa head

By: Reuters     14th October 2016 The Africa head of ratings agency Standard & Poor's (S&P's) said on Thursday the current situation in South Africa was "not business as usual," citing "political turmoil and tension" as worrying signs ahead of a ratings decision on Dec. 2. Addressing the Thomson Reuters Africa summit in Cape... 

Autodesk working with varsities, communities to tackle service delivery issues

By: Dylan Slater     14th October 2016 Design software company Autodesk highlighted local education and skills development campaigns as catalysts to spur interest in and insight into the design industry during its Autodesk University Extension programme, which took place in Cape Town last month.  

Manufacturer celebrates 60 years of service

     14th October 2016 South African manufacturer and distributor of cutting consumables and distributor of capital equipment First Cut, is celebrating 60 years of supplying cutting solutions to the South African industry. 

Pioneering efforts to tame Table Bay

By: Jade Davenport     14th October 2016 The Port of Cape Town may not be the largest, busiest or even oldest anchorage in Africa, but it certainly is the most historically famous and strategic of them all. Yet the irony is that Table Bay, the marine basin in which the harbour is located, was, in its natural state, actually a poor... 

Fishing companies and NGOs call for moratorium on bulk sediment seabed mining

By: Kim Cloete     13th October 2016 The Responsible Fisheries Alliance (RFA), which comprises five major fishing companies and two nongovernmental organisations, is calling for a moratorium on all new and existing prospecting and mining applications related to bulk sediment seabed mining. This follows the release of a new report... 

Manuel says South Africa lagging behind in its commitment to protect the environment

By: Kim Cloete     13th October 2016 The South African government needs to step up to the plate on some key environmental concerns, says former Finance Minister Trevor Manuel. Speaking at the launch of the World Wide Fund for Nature–South Africa’s (WWF-SA’s) Oceans Facts and Futures report, in Cape Town, on Wednesday evening, he... 

Engen and Supersport United kicks-off the PinkDrive to raise breast cancer awareness

     11th October 2016 Engen and football partners SuperSport United, along with the PinkDrive organisation kicked-off their breast cancer awareness campaign at the Sunnypark Mall in Pretoria on Saturday, 08 October 2016. October is Breast Cancer Awareness Month. As early detection is critical to saving lives, free... 

AB InBev-SABMiller deal completes

By: African News Agency      11th October 2016 Anheuser-Busch InBev on Tuesday announced the successful completion of its multi-billion dollar merger with SABMiller. AB Inbev said the combined company would have operations in “virtually every major beer market” and an expanded portfolio that included global, multi-country and local brands,... 

Esor’s share price rises as it announces Tuboseal acquisition

By: Anine Kilian     10th October 2016 JSE-listed Esor has, through its Esor Construction subsidiary, acquired a 100% interest in Tuboseal Services for R15-million, as well as the business assets and operations of Tuboseal for R18.25-million. Tuboseal Group is a Cape Town-based pipeline rehabilitation company. 

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