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New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

Airport development not keeping pace with passenger growth

By: Natasha Odendaal     6th December 2017 Globally, airport capacity and airline demand for access to airports have not kept pace with one another, setting global aviation on a path to chaos should mitigation measures not be taken with urgency, according to the International Air Transport Association (Iata). Passenger load factors are... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC), in... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC) in... 

Gem smuggling thwarts revival of Central African Republic

By: Bloomberg     29th November 2017 In the lounge of a luxury hotel in Bangui, the capital of war-torn Central African Republic, soft-spoken diamond dealers cautiously sidle up to guests. Their whispered offers of gems for sale are a visitor’s first hint of the thriving illegal market for the precious stones in a country that five... 

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... 

Rwanda President sees growth accelerating on banking, mining

By: Bloomberg     3rd November 2017 Rwandan economic growth is expected to accelerate this year and next as the outlook for industries including financial services, tourism and mining improves, President Paul Kagame said. The pace of expansion is expected to increase to 7% next year from about 6% this year, Kagame said Thursday in... 

Trillian whistleblower says Eskom’s Singh paid R30.6m for no reason

By: African News Agency      3rd November 2017 A whistleblower on Friday told the parliamentary inquiry into Eskom the power utility settled a fraudulent invoice from Trillian for R30.6-million. Former Trillian Management Consulting (TMC) chief executive Bianca Goodson said she found her signature on a cover letter to the invoice that was... 

Even the smallest economy in oil-rich gulf is too big to fail

By: Bloomberg     2nd November 2017 Its economy is 5% the size of Saudi Arabia’s, but analysts are betting the kingdom won’t let its neighbor’s financial woes morph into a Gulf crisis. Bahrain, one of the most vulnerable economies in the Gulf Cooperation Council to political instability and oil-price swings, sought financial... 

Guptas inflated Oakbay price through trading by Singapore firm

By: Bloomberg     2nd November 2017 The Gupta family inflated the share price of a company it controlled on its Johannesburg Stock Exchange debut by lending money to a Singapore firm to be used to trade the equities. That came ahead of plans to raise funds for a uranium mine. The Guptas, who are embroiled in a corruption scandal... 

Eskom gave Tegeta prepayment on day Optimum purchase price was due, inquiry hears

By: African News Agency      1st November 2017 A business rescue practitioner on Wednesday told the parliamentary inquiry into Eskom that the power utility agreed to pay Tegeta almost R600-million in advance for coal on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.... 

Global aviation industry faces Renaissance, creating openings for South Africa

By: Keith Campbell     27th October 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) in Pretoria by US National Aeronautics and... 

Khazna Data Centres expansion, United Arab Emirates

By: Sheila Barradas     27th October 2017 Khazna Data Centres plans to double its data centre capacity to deliver more than 24 MW of information technology load. 

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... 

Hydraulics company expands Middle Eastern presence

     20th October 2017 UK-based hydraulic tools designer, manufacturer and supplier Hi-Force has opened a new office in the Khalidia area of Dammam, Saudi Arabia. According to a statement released by Hi-Force last month, the new facility will stock a range of Hi-Force products that provides the market with the fastest... 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

Advisian appoints Adam Boughton to grow infrastructure business

     24th August 2017 Advisian, the technical and management consulting division of WorleyParsons, has appointed Adam Boughton to the newly created role of Regional Director Infrastructure, Europe, Middle East and Africa (EMEA). Reporting to EMEA Managing Director Adrian Smith, Adam will serve as a member of the EMEA... 

Advisian appoints Adam Boughton to grow infrastructure business

     23rd August 2017 Advisian, the technical and management consulting division of WorleyParsons, has appointed Adam Boughton to the newly created role of Regional Director Infrastructure, Europe, Middle East and Africa (EMEA). Reporting to EMEA Managing Director Adrian Smith, Adam will serve as a member of the EMEA... 

Zwane must be called to answer to MPs about Guptas 'now'

By: African News Agency      23rd August 2017 African National Congress (ANC) MPs on Wednesday resolved to call Mineral Resources Minister Mosebenzi Zwane to explain his relationship with the Gupta family “now”. Parliament’s House Chair Cedric Frolick had earlier directed the committee to conduct an inquiry into allegations in the media of... 

Joburg Council Chamber’s innovative design receives recognition

By: David Oliveira     18th August 2017 The City of Johannesburg’s (CoJ’s) Council Chamber, which is managed by the CoJ’s property portfolio company Joburg Property Company (JPC), has been awarded the Public Services Development award by the Africa & Arabia Property Awards. The JPC will officially receive the award at a ceremony at the... 

Auctions steam ahead

By: Terence Creamer     18th August 2017 South Africa may be on the global sidelines currently with regard to the procurement of new renewable generation capacity, chiefly because of Eskom’s refusal to enter into new power purchase agreements. Nevertheless, as a relatively early adopter (some might even say pioneer) of the auction... 

Chicago Pneumatic provides vital continuous energy supply for new luxury residential development in Dubai

     15th August 2017 Fourteen tough and reliable stationary generators from Chicago Pneumatic are providing the essential power required for the construction of a luxury residential development besides the Dubai Water Canal. The order was secured by authorised Chicago Pneumatic distributor German-Gulf Enterprises... 

Jebel Ali power station – K Station, Phase 3, United Arab Emirates

By: Sheila Barradas     11th August 2017 The Phase 3 project includes the supply, installation, testing and launch of two F-type gas turbines that will produce 590 MW at 50 °C. 

Mohammed bin Rashid Al Maktoum solar park, United Arab Emirates

By: Sheila Barradas     11th August 2017 The Mohammed bin Rashid Al Maktoum solar park is the biggest single-site solar park in the world that is based on the independent power producer model.  

Hatta hydroelectric power station project, United Arab Emirates

By: Sheila Barradas     4th August 2017 The project entails the construction of the Gulf Cooperation Council’s first hydroelectric power station and forms part of the Hatta Comprehensive Development Plan. 

Mai Dubai expansion project, United Arab Emirates

By: Sheila Barradas     4th August 2017 The project is the first of its kind for the bottled-water industry in the region, and comprises two phases. 

MBSA preparing to enter ‘competitive’ bakkie market early next year

By: Irma Venter     4th August 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

Waste specialist makes South African investments following contract awards

By: Schalk Burger     4th August 2017 Dubai-headquartered specialist waste management multinational Averda has made several investments in its South African operations after it won medical waste management contracts in the Western Cape and Gauteng. The firm developed a hazardous waste landfill site in Vlakfontein, Gauteng, to drive... 

Brown sacks personal assistant over Gupta links

By: African News Agency      2nd August 2017 Public Enterprises Minister Lynne Brown on Wednesday asked her personal assistant Kim Davids to resign after details of her ties to the controversial Gupta family emerged. ”This past week I have been confronted by allegations against Ms Davids. In the interest of fairness, I asked Ms Davids to... 

Undocumented capture?

By: Terence Creamer     28th July 2017 Arguably one of the most telling statements made at last week’s Eskom results presentation was the public assurance given by interim CEO Johnny Dladla that “no decision would, in future, be taken outside the executive committee meetings. “Whatever decision is taken, it will be a decision that is... 

World's biggest tax bill is latest worry for African gold miner

By: Bloomberg     27th July 2017 It was supposed to mark a fresh start for the African business of the world’s biggest gold producer. In November 2014, African Barrick Gold would get a new name and new management to distance itself from a troublesome past and disputes with local politicians. Less than three years later, things... 

'There is no such thing as radical economic transformation' - Mathews Phosa

By: News24Wire      27th July 2017 There is no such thing as radical economic transformation, African National Congress (ANC) presidential candidate Mathews Phosa has told the Afrikaanse Handelsinstituut (Afrikaans Trade Institute). Phosa was delivering the keynote address at the institute's indaba for small and medium enterprises... 

Minister Brown says ‘Gupta freebie’ allegations against officials must be probed

By: African News Agency      26th July 2017 Public Enterprises Minister Lynne Brown says she is fully behind investigations by the Directorate for Priority Crime Investigation (Hawks) into allegations of corruption levelled against officials in her department.  Brown’s personal assistant, Kim Davids, this week became the latest official to... 

SBS Tanks

By: Zandile Mavuso     21st July 2017 As the global population increases, so too the global infrastructure naturally takes strain. With the combined issues of population growth and climate change, water supplies are becoming more and more tricky to manage. 

Mercedes-Benz seeks ‘fair share’ of growing bakkie market with new X-Class 

By: Irma Venter     20th July 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Years of gridlock face South Africa as new rules hurt mining 

By: Bloomberg     13th July 2017 Executives from Sibanye Gold Ltd., South Africa’s biggest gold miner, were in Los Angeles in the final stages of a roadshow with U.S. bond fund managers last month when a bombshell hit from back home. The government had introduced shock new rules requiring local mines be 30 percent black-owned in... 

Gold elite challenged by base metals bourse on market future

By: Bloomberg     10th July 2017 The world’s biggest industrial metals exchange is taking on the most powerful players in the gold market with the launch on Monday of its first futures contract for the commodity since the middle of the 1980s. The London Metal Exchange and its partners aim to grab a piece of the action in a city... 

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