R/€ = 13.68 Change: -0.06
R/$ = 12.93 Change: -0.05
Au 1256.71 $/oz Change: 7.46
Pt 1027.70 $/oz Change: 19.70


VW's controlling clan backs brand boss despite criticism – sources

By: Reuters     Updated 3 hours ago Volkswagen's embattled VW brand chief Herbert Diess still has the backing of the clan that controls the carmaker, despite his recurring clashes with labor leaders over cost-cutting plans, sources said. VW labour bosses earlier this month had accused Diess of breaking promises made under a... 

AA says vehicle safety ratings scale would equip buyers with vital information

By: Irma Venter     24th February 2017 South Africa’s Automobile Association (AA) has called for the implementation of a local vehicle safety ratings scale. The association on Friday said that such a ratings scale would ensure consumers had a better understanding of the safety of the vehicle they intended purchasing. 

Driverless transport startup receives backing from rail equipment giant

By: Dylan Slater     24th February 2017 Railway systems and equipment company Alstom is investing €14-million in driverless transport startup company EasyMile, which is developing the EZ10 electric driverless shuttle.  

Gibraltar – a major Brexit casualty?

By: Riaan de Lange     24th February 2017 On the south-western tip of Europe, on the Iberian Peninsula, at the entrance to the Mediterranean Sea, lies a British overseas territory (formerly known as a colony) that is all of 6.7km2 in area. It even has a straight named after it. The territory is call Gibraltar. If you view it from a... 

Bidcorp expects upward momentum in the second half of FY17

By: Natasha Odendaal     23rd February 2017 After maintaining a strong upward trajectory across all geographies during the six months ended December 31, JSE-listed Bidcorp is optimistic about its future prospects With a global rebranding effort to ‘Bidfood’ under way to reinforce its image as “value-add food people”, Bidcorp’s foodservice... 

Frankfurt Airport aims to increase its business with South Africa

By: Keith Campbell     23rd February 2017 Germany’s number one international airport, Frankfurt, is seeking to increase its two-way air cargo trade with South Africa. This was highlighted at a media briefing at the 2017 Air Cargo Africa conference in Kempton Park, east of Johannesburg, by Fraport AG chief operating officer Anke Giesen.... 

Mondi's 2016 profit rises, company see challenges ahead

By: Reuters     23rd February 2017 South African paper and packaging company Mondi's 2016 underlying profit rose, helped by good performance in all its businesses despite pricing pressure in a number of key paper grades. Mondi, which is also listed in London, said underlying operating profit rose 3% to €981-million ($1-billion)in... 

Cliffe Dekker Hofmeyr sees some blue sky for businesses in 2017

     22nd February 2017 Business law firm Cliffe Dekker Hofmeyr last night clinched top honours for M&A Deal Flow for the eighth consecutive year at the annual DealMakers Awards. “Deal activity may have slowed but indications are that we may be in for a stronger 2017 as businesses get more strategic and seek out growth... 

Coatings Sector Launches Formal Appeal To Halt Paint Dumping

     21st February 2017 The SA Paint Manufacturing Association is driving a renewed and formal appeal to the government to protect the coatings sector by imposing higher import duties on the increasing volumes of paint being dumped on our shores.   Deryck Spence, executive director of SAPMA, says the Association has... 

Minergy to list coal project in Botswana, also eyeing JSE

By: Martin Creamer     20th February 2017 Coal and energy company Minergy said on Monday that it will list on the Botswana Stock Exchange in the first half of this year and is also planning a Johannesburg Stock Exchange listing in 2017’s latter half. In the initial capital raising ahead of the listing of its Masama coal project, Minergy,... 

Yellen can't halt Trump gold rally that funds bet against

By: Bloomberg     20th February 2017 They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains. Not even Federal Reserve Chair Janet Yellen’s outlook for higher US interest rates has been... 

Biogas needs favourable REIPPPP allocation for sustainable development

By: Nadine James     17th February 2017 The measureable and sustainable development of South Africa’s biogas industry requires projects, and therefore a favourable  Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) allocation, to prove sufficient financial viability to financial institutions is essential.... 

Chamber looks to strengthen partnerships in local green economy

By: Nadine James     17th February 2017 The Italian–South African Chamber of Trade and Industries’ chief aim at the 2017 Africa Energy Indaba is to raise awareness among Italian corporations regarding investment opportunities in South Africa’s green economy. Chamber secretary-general Mariagrazia Biancospino says the chamber mediated a... 

Commitment to quality boosts confidence in specialised product

By: Robyn Wilkinson     17th February 2017 Construction solutions provider a.b.e. Construction Chemicals is seeing growing confidence in the use of specialised coatings in the South African construction industry, proving that the company’s commitment to high quality and durability in its product range continues to be a successful strategy... 

Intelligent Edge network architecture a foundation for IoT systems

By: Schalk Burger     17th February 2017 Internet of Things (IoT) systems will allow for cost savings, efficiencies and enhanced customer experience, and is expected to change the way people work,  comparable with the changes brought about by mobile work systems and collaborative digital work environments, says networking multinational... 

Quay wall construction completed in Durban

     17th February 2017 Specialist geotechnical contractor Franki Africa has completed construction of a 175-m-long quay wall with a draft of 12.3 m for marine engineering company Dormac’s new floating dock at its marine works facility in Durban. 

The first powered flight in South Africa

By: Jade Davenport     17th February 2017 The field of aviation achieved a new milestone last week with the safe passage of the world's longest commercial flight. That Qatar Airways plane travelled a distance of 14 535 km between the Qatari capital of Doha,  and Auckland, New Zealand, in one continuous stretch – a journey that covered... 

Spotlight on Omron PID solution at The Solar Show Africa 2017

     15th February 2017 An industry-leading solution to the problem of Potential Induced Degradation (PID), which can slash the output of a solar-power plant by as much as 70%, will take centre stage at The Solar Show Africa 2017 from 28 to 29 March at the Sandton Convention Centre. This leading exhibition and... 

SK 9 set for early 2018 clinker production 

     15th February 2017 Cement producer PPC invited media in January to a tour of its Slurry operation, in the North West, and the construction site of the R1.7-billion Slurry Kiln 9 project, which is scheduled for first clinker production at the beginning of next year. 

ArcelorMittal Bremen to install new HD spray system developed by SMS group in its continuous caster

     14th February 2017 ArcelorMittal Bremen has placed an order with SMS group to supply the newly developed HD spray system with air-mist cooling for its continuous slab caster. The modification at the two-strand vertical bending machine is to be completed during a plant shutdown scheduled for the... 

Electric car boom spurs investor scramble for cobalt

By: Reuters     14th February 2017 Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the 2008 financial crisis. Prices for cobalt metal have climbed nearly 50 percent since September to... 

PwC expects Treasury to increase income tax, raises possibility of VAT hike

By: Megan van Wyngaardt     14th February 2017 South Africans must prepare to tighten their belts, as the National Treasury is likely to increase taxes to raise the additional R28-billion it needs; but, it might not be enough, advisory firm PwC said on Tuesday. Noting that the struggling economy has created a lower base off which the tax... 

Atrum prepares for busy 2017

By: Esmarie Swanepoel     14th February 2017 Coal project developer Atrum Coal has revealed plans to advance its Groundhog North project, in Canada, during this year. The company on Tuesday said it plans to submit an application for a small mine permit this year, to enable Atrum to start commercial operations at a rate of 250 000 t/y. 

Canadian Mining Eye index disappoints in Q4 as gold, nickel prices undermine buoyant copper, zinc

By: Henry Lazenby     13th February 2017 The Canadian Mining Eye index declined by 13% during the quarter to December 31, as weakness in gold and nickel prices was partially offset by gains in copper and zinc prices. Having recorded a 4% gain in the prior quarter, the index, administered by professional services firm EY, underperformed... 

Parker Racor offers OEM fit, performance and quality filtration for the aftermarket at The Commercial Vehicle Show 2017

     13th February 2017 The Racor Filter Division Europe of Parker Hannifin Corporation, the global leader in motion and control technologies, will be exhibiting and demonstrating its leading range of fuel, air and oil filtration products for diesel engine and fuel delivery applications at this year’s Commercial Vehicle... 

REMA TIP TOP strives for strong market position in Brazil

     13th February 2017 REMA TIP TOP, a globally operating system provider of services and products in the field of conveying and treatment technology as well as tyre repair, has acquired Norte Sul Serviços de Vulcanização (“Norte Sul Serviços”), a conveyor maintenance provider in Brazil. Through the acquisition, REMA... 

Fly farm venture AgriProtein signs deal for 25 fly farms a year

By: Irma Venter     10th February 2017 Austria-based engineering group Christof Industries has partnered with waste-to-nutrient company AgriProtein to build up to 25 fly farms a year. AgriProtein rears fly larvae (on an industrial scale) on organic waste and harvests the larvae to make natural, high-protein animal feed products.  

Hijackings, car theft show sharp increases, warns Cartrack

By: Irma Venter     10th February 2017 Statistics released this week by fleet management and stolen vehicle recovery company Cartrack show that carjacking and vehicle theft in South Africa are on the rise. Theft within the base of vehicles protected by Cartrack increased by 31% in the ten months from March to December 2016, while... 

Former Sasol CEO Constable joins Rio Tinto board

By: Esmarie Swanepoel     10th February 2017 Mining major Rio Tinto has appointed three new independent nonexecutive directors to its board. Former Sasol CEO David Constable and former Centrica CEO Sam Laidlaw have been appointed with immediate effect, while Royal Dutch Shell CFO Simon Henry will join the board in July. 

Alto Tâmega hydroelectric complex, Portugal

By: Sheila Barradas     10th February 2017 The Alto Tâmega project will be one of the largest projects of its kind in Europe. 

Mercedes-Benz Vans outlines vision for automated driving and delivery

By: Irma Venter     10th February 2017 Mercedes-Benz Vans (MB Vans) has expanded its goal of automated driving to also include automated delivery. The German manufacturer has announced that it is now the lead investor in Starship Technologies, a start-up company for the development of ground-based, autonomous delivery robots. 

Mondi appoints new CEO as Hathorn announces retirement

     10th February 2017 David Hathorn will step down as CEO of packaging and paper group Mondi on May 11. He will be succeeded by Peter Oswald, who is currently CEO of Mondi’s Europe & International division. 

New era for automotive industry

By: Robyn Wilkinson     10th February 2017 The technology, media and telecommunications (TMT) sector is rapidly disrupting traditional ways of making and selling products across all sectors, including in the automotive industry, where technological advancement is radically influencing the way in which vehicles are manufactured and sold... 

Positive outlook for automotive industry

By: Robyn Wilkinson     10th February 2017 Increased new-car production levels, which include an expected growth in vehicle exports, are likely to drive improvement in South Africa’s automotive industry this year, says industrial equipment supplier Bearings International sales representative Cherry Slater. 

Enormous global demand on way for copper, platinum, zinc – Friedland

By: Martin Creamer     8th February 2017 Enormous global demand is building up for copper, platinum and zinc, driven by new technology, mitigation of health risks in hospitals and agricultural augmentation, Ivanhoe Mines executive chairperson Robert Friedland said on Wednesday. In a comprehensive address to the Investing in African... 

Sluggish local economic outlook leads big companies to seek growth abroad

By: Megan van Wyngaardt     8th February 2017 As South Africa continues to face stagnant economic growth, spurred by political and economic instability, the country’s multinational enterprises (MNEs) are expected to not only increase their foreign investment outflows, but also to set up corporate offices abroad, a new survey reveals. South... 

Locally developed pelletising technology set for commercial roll-out

By: Ilan Solomons     8th February 2017 Engineering company CoalTech has successfully established a 10 000 t/m coal pelletising and curing plant, in eMalahleni, Mpumalanga. Having initially launched its pelletising technology at the 2016 Investing in African Mining Indaba, the company announced to delegates at this year’s Mining Indaba... 

Elquip Solutions and Hoffman offer a catalogue of tooling excellence unmatched for its range and quality

     8th February 2017 While all of South Africa's tool importers have catalogues of their products, none of these online or print publications contain nearly as wide a range of tools and ancillary products which are contained in the Hoffman Group catalogue, explains Elquip Solutions Managing Director Mike Cronin.... 

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