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Advisian engages with clients to create greater value

     22nd July 2016 The South African operation of WorleyParsons’ global consulting business, Advisian, has experienced notable growth since its launch less than a year ago with its initial office of five members expanding to close to 100 in an effort to service the needs of clients and deliver expert strategic and... 

Black Rock marketing graphite to new markets

By: Megan van Wyngaardt     22nd July 2016 Tanzania-focused graphite company Black Rock Mining has stepped up its offtake marketing activities, engaging potential offtake partners and presenting the company’s value proposition as a secure and reliable alternative source of high purity graphite for various applications. Marketing manager... 

‘New class of gold investor’ may emerge amid global uncertainties

By: Dylan Slater     22nd July 2016 The World Gold Council (WGC) believes that an “entirely new class of gold investor” could emerge because of the significant global increase in the interest in gold stocks, following the Brexit vote – the British exit from the European Union (EU). “As a high-quality, liquid asset, we believe gold... 

Boeing predicts growing demand for new airliners over next 20 years

By: Keith Campbell     22nd July 2016 US aerospace giant Boeing has forecast that the global market demand for new airliners will total 39 620 over the next 20 years, worth $5.9-trillion. This represents a 4.1% rise over last year’s forecast. These predictions were made in the company’s 2016 Current Market Outlook, released at the... 

Brenner Base tunnel project, Austria to Italy

By: Sheila Barradas     22nd July 2016 The project includes an exploratory tunnel from one end to the other, which is located between the tunnels and about 12 m below. 

Old school musings

By: Terry Mackenzie-hoy     22nd July 2016 I was born back in the day, so I’m ‘old school’. For the greater part of my school life we drove to school on roads which were not tarred. Growing up and going to school, I saw the first 6.6 kV powerline being built along a newly constructed road that became the ‘Nicol highway’. I saw, too, the... 

Public transport operators need to do ‘more with less’

By: Irma Venter     22nd July 2016 South African public transport operators need “to do more with less” as the economy contracts and the national fiscus faces increasing financial pressure, says National Treasury intergovernmental relations deputy director-general Malijeng Ngqaleni. She notes that the current system of public... 

Where does Brexit leave the SADC-EU EPA?

By: Riaan de Lange     22nd July 2016 James Harold Wilson, Baron Wilson of Rievaulx, KG, OBE, FRS, PC, or simply Harold Wilson was Prime Minister of the UK from 1964 to 1970 and  from 1974 to 1976. He is also famed for having said that “a week is a long time in politics”. Granted, it had been longer than a week – 17 days, to be... 

Siemens upbeat about South Africa’s gas-to-power, renewables potential

By: Anine Kilian     21st July 2016 Global engineering firm Siemens says it is committed to South Africa’s renewable-energy revolution and supports the country’s imminent procurement of gas-to-power infrastructure.  Speaking to Engineering News Online on the sidelines of the Power-Gen Africa conference in Sandton, Johannesburg,... 

SABMiller sales hurt by economic volatility in Africa

By: Reuters     21st July 2016 Brewer SABMiller, in the process of being bought by Anheuser-Busch InBev, reported lower quarterly revenue on Thursday, hurt by tough conditions in some African markets. The maker of beers such as Castle Lager, Peroni and Grolsch said group net revenue fell 4% in its first quarter, ended June 30,... 

SAB takeover getting more expensive by the day

By: News24Wire      21st July 2016 The takeover of SABMiller by Anheuser-Busch (AB) InBev is looking increasingly expensive, a merger and acquisition expert said on Thursday. Warwick Business School Professor John Colley’s pessimism comes as “various competition authorities exact a heavy price to approve the deal”, he said on... 

Datatec sees boost in gross margins, despite tough economy

By: Megan van Wyngaardt     20th July 2016 Dual-listed information and communications technology group Datatec on Wednesday reported that its gross margins for the quarter ended June 30 were 13.8%, up from 12.8% in the comparable period of 2015. The group described the quarter as “a sound trading start to the year”, despite tough global... 

Solar Panels For Large Commercial And Industrial Warehousing Facilities

     20th July 2016 South Africa's electricity is ranked as the 10th most expensive in the world, and with the National Energy Regulator (Nersa) having also approved a 9.4% hike for Eskom for 2016/17, we can expect to climb those rankings. NUS Consulting, a global energy management consulting firm, which researches... 

Stocks dip on earnings and growth worries; dollar rises

By: Reuters     19th July 2016 The recent rally in global equity prices faltered on Tuesday as investors pondered some disappointing earnings reports and signs that Britain's decision to leave the EU could hurt other economies, while the US dollar climbed to a four-month high. Prices for US Treasury debt, considered a... 

Financing and legal frameworks key for successful renewables projects in Africa

By: Anine Kilian     19th July 2016 Less than 30% of renewable energy projects in Africa reach financial close, with the development process highlighted as the riskiest part of the development cycle, according to advisory firm Castalia Africa practice leader Patrick Longmire. “Renewable energy project development is expensive and... 

SMS group delivers first fully automated 25-MN closed-die forging press with automatic walking beam to PARSAN in Turkey

     19th July 2016 Turkish manufacturer of high-quality forged products, PARSAN Makina Parçaları Sanayii A.Ş. in Pendik-Istanbul, Turkey, has commissioned SMS group (www.sms-group.com) to supply a fully automated closed-die forging press. The new press of the type AMP 2500 will feature a pressing force of 25 MN and... 

Turkish gold miners operate unhindered during attempted coup

By: Henry Lazenby     18th July 2016 Turkey-focused miner Alacer Gold reported Sunday that the Çöpler mine was operating as normal and that there were no local disruptions in the wake of a military coup d'état attempt on the government of Turkish President Recep Tayyip Erdoğan. The TSX- and ASX-listed company reported that after it... 

Daimler runs first self-driving BRT bus in Amsterdam

By: Irma Venter     18th July 2016 Daimler Buses on Monday announced that its Mercedes-Benz Future Bus with CityPilot had driven autonomously for the first time on a route of around 20 km in Amsterdam, on a section of the longest bus rapid transit (BRT) line in Europe, connecting Amsterdam’s Schiphol Airport with the city of... 

The Brexit fear: Was it overdone?

     18th July 2016 Various global and domestic real economic activity data gave financial markets last week a welcome boost. On the heal of the favourable USA job data the previous Friday, better than expected company earnings in the USA, and good growth prospects for China turned market sentiment to the good. The... 

Kbac’s New Bolon Flooring For Mall Of Africa Store

     18th July 2016 KBAC Flooring supplied woven vinyl floor covering by the internationally acclaimed Swedish company, Bolon, for the footwear area of the new Woolworths store in the Mall of Africa in Midrand, the largest single-phase shopping centre yet built in South Africa. KBAC Flooring was earlier this year... 

Silver outshines gold with robust H1 performance

By: Simon Rees     15th July 2016 While silver is sometimes called “poor man’s gold”, it has nevertheless outshone the yellow metal’s performance in recent months. Silver reached $20.47/oz on the July 11 London Bullion Market Association fix, a level not seen in almost two years. This was compared with a year-start fix of $14/oz... 

UK should consider prosecuting VW over emissions scandal – lawmakers

By: Reuters     15th July 2016 Britain should consider prosecuting Volkswagen over the diesel emissions scandal, a committee of lawmakers said on Friday, accusing the government of being too slow to decide whether the German automaker broke the law. Europe's biggest carmaker admitted last September to cheating US diesel... 

US, China clash over market economy status at WTO

By: Reuters     15th July 2016 The US warned China on Thursday that it had not done enough to qualify for market economy status, especially in steel and aluminium, sowing the seeds for a trade battle between Washington and Beijing at the end of 2016. Upon China's admission to the WTO in 2001, it was told by other members that... 

African and world airlines enjoyed increased passenger traffic last year

By: Keith Campbell     15th July 2016 Africa-registered airlines accounted for 2.2% of global scheduled passenger traffic last year, reports the International Air Transport Association (IATA) in its World Air transport Statistics 2016 – the 60th edition of this publication. In numerical terms, African airlines carried 79.5-million... 

Sherry Zameer

By: Martin Zhuwakinyu     15th July 2016 This week we feature Sherry Zameer, senior VP for Africa at Gemalto, a company that provides technologies and services that enable businesses and governments to authenticate identities and protect data. It also provides services related to personal devices, connected objects and the cloud,... 

South African vehicle market shrank by more than 10% in H1

By: Irma Venter     15th July 2016 Statistics released by the Department of Trade and Industry shows that South Africa’s new car market was down 10.4% for the first half of the year compared with the first six months of 2015. Light commercial vehicle (LCV) sales declined by 8.9% in the first half of 2016, while medium commercial... 

Transport projects study under way in the UK

     15th July 2016 Project management and development company Mott MacDonald has been commissioned by Solihull metropolitan borough council, in the UK, to undertake a comprehensive integrated transport study. 

Alkane gold output dips but remains in guidance, $1bn Dubbo project construction ready

By: Creamer Media Reporter      14th July 2016 Multi-commodity explorer and miner Alkane Resources poured 67 812 oz of gold in the year ended June 30, which was within guidance, but below the previous year’s production of 69 612 oz. Alkane, which produced gold at the Tomingley mine in New South Wales, sold 67 983 oz at an average price of A$1... 

Copper outlook dim as macroeconomic challenges loom

By: Henry Lazenby     14th July 2016 The copper price is set to dip during the second half of the year, as poor producer discipline, higher output and lower Chinese demand growth combine for a fifth consecutive year of price decline in 2016, according to a new report by market analysts at Thomson Reuters GFMS. Analysts expected... 

Lamborghini shrugs off economic gloom with record sales

By: Irma Venter     13th July 2016 Amid gloomy global economic conditions, performance car manufacturer Lamborghini has increased worldwide sales to 2 013 units in the first six months of 2016, up 7% compared with the same period last year. June was a new record month for the Volkswagen company, with 416 cars delivered to... 

Embraer foresees rapid growth in smallest jet airliner category

By: Keith Campbell     13th July 2016 Embraer, the Brazilian group that is the world’s number one manufacturer of commercial jets carrying up to 130 passengers, forecasts that the global market for jet airliners in the 70-seat to 130-seat category will come to 6 400 new aircraft, worth $300-billion, over the next 20 years. The... 

China committed to market reforms, fighting overcapacity – Premier Li

By: Reuters     13th July 2016 China's Premier Li Keqiang told European Union officials on Wednesday that the country was committed to market reforms and remained determined to tackle a steel capacity glut that has sharpened tensions between the two sides. Li, speaking at an EU-China business summit, said China had always... 

South Africa should consider onshore LNG regasification, Fluor argues 

By: Terence Creamer     12th July 2016 Global engineering and construction group Fluor argues that South Africa could consider both onshore and offshore storage and regasification options for the importation of liquefied natural gas (LNG), however it believes that onshore facilities could offer a number of advantages. The South... 

Blue Tree Asset Management Takes The Leap Towards Its International Expansion

     12th July 2016 The firm, specialized in the comprehensive management of renewable assets, welcomes Enertis as a shareholder to drive growth forward.  It aims to manage 1,000 MW in three years and to enter the market in the United States, the United Kingdom, Mexico, Chile and France, as well as to consolidate... 

Boeing foresees increasing demand for new airliners over next 20 years

By: Keith Campbell     12th July 2016 US aerospace giant Boeing has forecast that the global market demand for new airliners will total 39 620 over the next 20 years, worth $5.9-trillion. This represents a 4.1% rise over last year’s forecast. These predictions were made in the company’s 2016 'Current Market Outlook', released on... 

Deloitte recognised as the leading global business consulting firm by three organisations

     11th July 2016 The global Deloitte group has been recognised in recently released reports as the leading global business consulting firm by three separate international analyst and research organisations. ALM Intelligence recognised Deloitte as No.1 in Global Business; Gartner ranked Deloitte No.1 in Consulting... 

Global economy 'grim' and G20 must step up to fix it – China

By: Reuters     11th July 2016 The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China's trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai,... 

Bauma Conexpo Africa 2018

     8th July 2016 The dates for the next Bauma Conexpo Africa are confirmed: : The third International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles will be held at the Johannesburg Expo Centre from March 13 to 16, 2018. According to Stefan Otto,... 

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