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Palladium hurtles through $1 400 as breakneck rally continues

By: Bloomberg     17th January 2019 Palladium rocketed through $1 400/oz the first time, extending its precipitous rally despite signs that global vehicle sales are slowing. The precious metal, primarily used in the auto industry for catalytic converters, has surged more than 65% since the middle of August. The bull run has been... 

Brexit pushes UK to brink as government fights to survive

By: Bloomberg     16th January 2019 The UK stands at its most dangerous crossroads in decades after Parliament emphatically rejected Theresa May’s Brexit deal and left her facing an uncomfortable vote to oust her government. The humiliating defeat on Tuesday evening, the biggest for any government in modern history, leaves May’s... 

Talks under way to build new gas pipeline to Egypt, Israel says

By: Bloomberg     16th January 2019 Talks are in progress to build a new underwater gas pipeline between Israel and Egypt, part of efforts to transform the eastern Mediterranean into an energy export hub on Europe’s doorstep, Israeli Energy Minister Yuval Steinitz said. Israeli gas stocks rose. Construction could begin as early as... 

Merkel seeks to preserve jobs while phasing out coal plants

By: Bloomberg     15th January 2019 Angela Merkel’s commission plotting Germany’s exit from coal faces a tricky balancing act: how to stop mining and burning the dirtiest fossil fuel without whipping up more voter anxiety over job losses. Germany’s chancellor meets with coal-state governors who sit on the commission on Tuesday in... 

South Africa’s space agency becomes space weather centre for aviation across Africa

By: Rebecca Campbell     14th January 2019 The Ministry of Science and Technology announced on Monday that the South African National Space Agency (Sansa) had been chosen by the International Civil Aviation Organisation (ICAO) to be the provider of space weather information for the aviation sector across Africa and/or using African... 

AB InBev soars on possible IPO of Asian business 

By: Bloomberg     11th January 2019 Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world’s largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven,... 

November airline traffic healthy, but moderating – Iata

By: Tasneem Bulbulia     9th January 2019 The International Air Transport Association (Iata) on Tuesday announced healthy, but moderating, global passenger traffic results for November 2018. Total revenue passenger kilometres (RPKs) rose by 6.2% compared with November 2017, a slight deceleration from 6.3% growth in October. 

EU expected to clear steel import curb after Trump tariffs

By: Reuters     9th January 2019 European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following US President Donald Trump's imposition of tariffs on steel and aluminium entering the United States. The vote on Jan. 16 would put in place an effective cap on steel imports for... 

Iata’s new payment method for air tickets successfully demonstrated

By: Tasneem Bulbulia     8th January 2019 The International Air Transport Association (Iata) has successfully completed the first Iata Pay ticket purchase transaction in a live test environment, the organisation announced in a statement on Tuesday. The transaction was conducted in partnership with UK-based fintech company ipagoo. 

Weaker times ahead for global equity markets, particularly South Africa – economist

By: Marleny Arnoldi     7th January 2019 Citadel advisory partner and chief economist Maarten Ackerman says global equity markets, especially in the US, have enjoyed upward trends after the financial crisis of 2008/9, until recently. He notes that while economic growth around the world in 2018 was sound, leading to solid company... 

Difficulties continue for Afarak in Q3

By: Simone Liedtke     16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... 

Enterprise Europe Network

By: Riaan de Lange     2nd November 2018 With all the nonsense packaged as news that you are subjected to – or, more correctly, bombarded with – on a daily basis, it is quite easy for you to get sucked in and to then not see the forest for the trees. You might be more familiar with the British adage, not see the wood for the trees,... 

Denel ripe for joint venture partnerships - Ramaphosa

By: Reuters     1st November 2018 South Africa's struggling state-owned arms firm Denel is "ripe" for joint venture partnerships, President Cyril Ramaphosa said on Thursday, but added Pretoria would want to retain control if any deal went ahead. Ramaphosa said he hadn't yet applied his mind to a bid for Denel by Saudi, or any of... 

Northern Star’s Beament caps off golden year with Legend Award

1st November 2018 Northern Star Resources Executive Chairman Bill Beament has capped of a remarkable period of success for the company by being awarded the Mines and Money Legend in Mining at the International Mines and Resources Conference in Melbourne. Mr Beament joins industry luminaries such as Andrew Forrest,... 

Global gold demand growing across market segments, held back by US ETF outflows

By: Marleny Arnoldi     1st November 2018 World Gold Council (WGC) member and market relations head John Mulligan says the third quarter was a strong one for the global gold industry. Although demand increased by only 1%, or 6 t, compared with the third quarter 2017, the 964 t of gold demand recorded in the third quarter was underpinned... 

Former Audi CEO Stadler freed from jail in diesel emissions case

By: Bloomberg     30th October 2018 German judges allowed former Audi CEO Rupert Stadler to leave the jail where he’s been since June, while warning that there’s still strong evidence against him in a criminal probe over diesel-emission cheating. The 55-year-old was told not to contact any potential witnesses in the fraud... 

Merkel looks to Africa to cement a legacy shaped by migration 

By: Reuters     30th October 2018 German Chancellor Angela Merkel hosted African leaders on Tuesday, pledging a new development fund to tackle underdevelopment on the continent that has helped to spur mass migration, shaping the later years of her long premiership. Merkel announced on Monday she would retire from politics by... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

American trade delegation in South Africa to expand business opportunities in Southern Africa

By: African News Agency      30th October 2018 An American trade delegation, comprising businessmen from more than 30 American companies and state government leaders, is in South Africa seeking to expand agricultural export opportunities in the region. The trade delegation, which arrived in South Africa on Monday and will conclude its visit... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

LafargeHolcim cuts full-year earnings forecast as costs bite

By: Reuters     26th October 2018 LafargeHolcim increased its sales outlook for 2018 but reduced its profit expectations as the world's largest cement maker reported better-than-expected earnings during its third quarter. The Swiss company said on Friday it now expected annual sales to grow in the 4% to 6% range, up from its... 

Wind energy investors watching S Africa closely

By: Tracy Hancock     26th October 2018 For the last several years, from the wind industry’s perspective, the South African government has done everything it can to discourage investor confidence; however, that has changed with the new government, states Global Wind Energy Council (GWEC). 

Welding Alloys South Africa

26th October 2018 As a Welding Alloys Group subsidiary, Welding Alloys South Africa (WASA) has access to a vast source of knowledge and technology, bringing world-class products and solutions to African countries. WASA’s market-leading chromium carbide wear-resistant plate material is well-known throughout various... 

O’MEGA1 floating solar plant, France

By: Sheila Barradas     26th October 2018 The project entails the construction of the first floating solar power plant in France and the most powerful in Europe.  

Trafigura's bold bet on zinc-maker Nyrstar keeps getting uglier

By: Bloomberg     25th October 2018 For nearly a decade, Trafigura Group chairman Claude Dauphin coveted a zinc deal with Europe’s top smelter. The commodities trader finally got across the threshold in 2015, months after its co-founder’s sudden death. Just a few years later, it’s become one of Trafigura’s biggest headaches. 

Anheuser-Busch InBev third quarter revenue up 4.5%

By: African News Agency      25th October 2018 The world's largest brewer Anheuser-Busch InBev said on Thursday its revenue grew by 4.5% in the third quarter, while total volumes were up 0.2%. AB Inbev said ​good growth in own beer volumes achieved in Europe, Mexico and many African markets during the quarter were partially offset by Brazil... 

Scholars beware: phishing fraudsters hunt for university credentials

24th October 2018 Kaspersky Lab urges academics to be careful online: the company's researchers have detected multiple cyberattacks hitting at least 131 universities in 16 countries, including South Africa, where several well-known universities have experienced at least one phishing attack in the past year. These... 

Secutech 2019 to place spotlight on integrated solutions shaped by artificial intelligence and the IoT

23rd October 2018 Secutech, the leading business platform for safety and security products returns for its 22nd edition next year with a sharpened focus on artificial intelligence and IoT technology. The fair will be held from 8 – 10 May 2019 at the Taipei Nangang Exhibition Centre in Taipei. 
 
IoT and artificial... 

BASF and Norilsk Nickel sign nickel and cobalt supply agreement

By: Creamer Media Reporter      22nd October 2018 Chemicals and cathode giant BASF has locked in a local source of feedstock for its European battery materials business, announcing on Monday that it had signed a long-term, market-based agreement with Russian miner Norilsk Nickel (Nornickel) for nickel and cobalt supply. The German group also... 

Starbucks Evolves Structure in EMEA to Accelerate Long-Term Strategic Growth

22nd October 2018 Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support... 

Flow of LME nickel to hidden storage dents bull story

By: Reuters     19th October 2018 The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk by about 40% this year, largely from warehouses in Malaysia, Taiwan... 

Why a no-deal Brexit risks freezing London's diamond trade

By: Bloomberg     19th October 2018 The UK has warned that a no-deal Brexit risks London being frozen out of the global diamond trade. Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to... 

Five Reasons Why South Africans Are Applying for Citizenship-by-Investment

By: Creamer Media Reporter      19th October 2018 Citizenship-by-Investment is on the rise globally with over 2.4bn USD spent each year derived mostly from China, the Middle East, and Russia, with South Africa not far behind.   Next Generation Equity (NGE), global specialists in second citizenships and residency options, says South Africa is... 

Imbizo to promote green chemistry in South Africa

By: Natasha Odendaal     19th October 2018 The National Cleaner Production Centre of South Africa (NCPC-SA) is working steadily behind the scenes to promote and develop the concept of green chemistry, as part of a global initiative driven by the United Nations Industrial Development Organization (UNIDO) and Yale University’s Center for... 

Positives of migration

By: Martin Zhuwakinyu     19th October 2018 Television footage of desperate Africans drowning in the Mediterranean Sea en route to Spain and other European destinations that hold out the promise of a better life has become all too frequent. The International Organisation for Migration puts the cumulative toll since 2000 at 33 000, with... 

Liquid eyes further expansion as Cape to Cairo links up

By: Natasha Odendaal     18th October 2018 Pan-African telecommunications group Liquid Telecom is eyeing further expansion across the African continent after completing its Phase 1 decade-long project of connecting a 60 000 km network from Cape Town, South Africa, to Cairo, Egypt. The group on Thursday reported that, following the... 

Greek PM-wannabe says unblocking Skouries a priority

By: Bloomberg     17th October 2018 Kyriakos Mitsotakis says he’s a man with a mission. The leader of New Democracy, currently Greece’s main opposition party – who will become Prime Minister if his party wins general elections next year – says what the country needs more than anything else is investment. With that in mind, he says... 

Waterfall named Best Mixed-use Development in South Africa for fifth year running

16th October 2018 At a lavish ceremony held at the exclusive Waldorf Astoria Dubai Palm Jumeirah hotel on 11 October 2018, Waterfall Management Company was honoured with the Best Mixed-use Development in South Africa 2018/2019 award for the Waterfall development. Besides scooping this prestigious award for the... 

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