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A400M reportedly wins second export order

By: Keith Campbell     20th January 2017 French aerospace journal “Air et Cosmos” and British defence media group Jane’s have both reported that the Indonesian government has approved the purchase of five Airbus A400M military airlifter aircraft. Both cite local Indonesian media as the source of the information. According to the French... 

South Africa’s mining sector at a crossroads, collaborative effort required

By: Ilan Solomons     20th January 2017 The global mining industry has been struggling since the 2008 international financial crisis set off a chain of events resulting in contracted growth in important markets, such as China, and recession in others, such as Europe, leading to severe declines in commodity prices. In South Africa, the... 

Innovation, outward-looking approach will bolster industry growth

By: Nadine James     20th January 2017 The plastics converter industry needs to alter its mindset and look for innovative solutions while becoming more outward-looking to experience real economic growth, says industry body Plastics SA. Plastics SA chairperson Bernhard Mahl describes real growth as “thousands of tons of plastics,... 

Alstom invests in EasyMile, a start-up developing electric driverless shuttles

     19th January 2017 Alstom is investing €14 million, and thus taking a minority stake, in EasyMile, an innovative start-up company developing the EZ10 electric driverless shuttle. The investment forms part of the start-up’s ongoing capital increase. In parallel, Alstom and EasyMile have signed a commercial... 

Moody’s base metals optimism rises despite seeing price fall back this year

By: Henry Lazenby     19th January 2017 Market analyst and ratings agency Moody’s Investors Service has adjusted upwards its pricing sensitivities for base metals in 2017, but says despite the recent run-up in base metal prices not being sustainable, some of the positive sentiment will remain. Moody’s said Wednesday it expected the... 

From farm to fork – Africa’s top F&B show gets a makeover

     18th January 2017 Africa’s Big 7, the continent’s leading event for the food & beverage industry runs from June 25 to 27 in South Africa attracting senior buyers from across the sector Africa’s premier food and beverage show has been rebranded and has relaunched this year to meet the needs of a changing market. 

Israeli official opposes extension to ICL's Dead Sea mining permit

By: Reuters     17th January 2017 Israel Chemicals' (ICL's) permit to mine in the Dead Sea should not be extended when it expires in 2030 but instead the rights should be put up for sale by tender, a senior Finance Ministry official recommended on Tuesday. "Holding a tender is the correct way to maximise the public's share of the... 

Trump threatens German carmakers with 35% US import tariff

By: Reuters     16th January 2017 US President-elect Donald Trump warned German car companies he would impose a border tax of 35% on vehicles imported to the US market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares. In an interview with German newspaper Bild, published on Monday, Trump criticized... 

Geopolitical tensions, other factors to boost gold demand this year

By: Megan van Wyngaardt     13th January 2017 Heightened political and geopolitical risks, currency depreciation, expectations of rising inflation, inflated stock market valuations, long-term Asian growth and the opening of new markets are all expected to positively influence demand for gold and gold’s performance this year, says the World... 

Global unemployment to rise by 3.4m in 2017 as economies struggle

By: Megan van Wyngaardt     13th January 2017 Global unemployment is expected to rise by 3.4-million this year, spurred by deteriorating labour market conditions in emerging countries, the International Labour Organisation (ILO) has said. In its latest ‘World Employment and Social Outlook – Trends 2017’ report, the organisation outlined that... 

EPA accuses Fiat Chrysler of excess diesel emissions

By: Reuters     13th January 2017 The US Environmental Protection Agency (EPA) on Thursday accused Fiat Chrysler Automobiles of illegally using hidden software to allow excess diesel emissions to go undetected, the result of a probe that stemmed from regulators' investigation of rival Volkswagen. FCA shares plummeted as the... 

SA fly-farm venture secures funding for global expansion

By: Irma Venter     12th January 2017 Cape Town-based waste-to-protein producer AgriProtein says it has secured $17.5-million of further capital from its key strategic partners to fund the company’s expansion into Europe, North America and Asia.   The new investment values the fly-farming venture at more than $117-million.   The new... 

Five key challenges to shape global risk profile – WEF

By: Megan van Wyngaardt     11th January 2017 The World Economic Forum (WEF) has identified five key challenges that face the global economy. In its ‘The Global Risks Report 2017’, the WEF outlined that the first two challenges fall within the economic category, in line with the fact that rising income and wealth disparity are key trends in... 

An Efficient Approach to Obtain an MID Approval for Measuring Instruments

     11th January 2017 For manufacturers, the time to market for their measuring instruments can be crucial, particularly during massive and time-limited roll-out programs, as are currently taking place for smart meters in several European countries. Typically, a considerable fraction of the time to market for... 

World Bank warns rand could take hit amid global policy flux

By: Terence Creamer     10th January 2017 The World Bank has issued a warning that the South Africa currency could come under pressure in 2017, owing to heightened policy uncertainty in the US and Europe, which could constrain capital flows to emerging and frontier markets. However, the bank’s baseline projection is for the South African... 

Aon launches solution to help companies respond to Brexit risks

By: Megan van Wyngaardt     10th January 2017 Risk management provider Aon has launched a three-step tool, the Brexit Navigator, to help organisations quantify the impact of Brexit risk exposures, and redesign risk management and risk financing structures. The solution is supported by an interactive tool that presents scenario-based insights... 

Gold ETP holdings 4% lower m/m in Dec

By: Anine Kilian     10th January 2017 Holdings in physically-backed gold exchange-traded products (ETPs) decreased by 96.9 t, or 4%, month-on-month to 2 142.4 t in December, according to the World Gold Council. In value terms, total holdings stood at $78.9-billion, 7% lower month-on-month. 

Gold traders most bullish in a year after dire end to 2016

By: Bloomberg     6th January 2017 There’s one thing many gold traders and analysts agree on, now is a great time to own bullion. Those surveyed by Bloomberg this week were the most bullish in a year. They cited worries over political developments in Europe, and in the US following Donald Trump’s election, as well as expectations... 

R1bn trade deficit for November – SA Revenue Service

By: African News Agency      29th December 2016 South Africa recorded a trade deficit of R1.09-billion for November, the South African Revenue Service (Sars) said on Thursday. This was a deterioration on the surplus of R0.24-billion recorded in November 2015. 

Refined copper widens nine-month deficit - report

By: Henry Lazenby     23rd December 2016 The latest data out from the Lisbon-based International Copper Study Group (ICSG) shows a copper production deficit of 84 000 t for the first nine months this year, wider than the deficit of around 28 000 t in the comparable period of 2015. The ICSG’s preliminary data for September world copper... 

Global platinum production to rise marginally to 2020

By: Megan van Wyngaardt     22nd December 2016 Global platinum mine or metal content in ore production is set to rise from 6.4-million ounces in 2015 to 6.7-million ounces by 2020, representing a compound annual growth rate (CAGR) of 1.7%, the latest report from research and consulting firm GlobalData reveals. GlobalData mining research and... 

Coal traders see end of price rally as China ramps up output

By: Bloomberg     22nd December 2016 Coal’s recovery was one of the biggest surprises in commodities this year, but it is all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80% as China, also the world’s biggest consumer of the... 

Execution of PRASA project contributes to outstanding results

     16th December 2016 Railway sector services provider Alstom Group announced in its “outstanding” fiscal year 2016/17 results that trains reached €1.6-billon sales, with ongoing execution of the Passenger Rail Agency of South Africa (PRASA) project in South Africa among other deliveries of suburban, regional and... 

Ivanhoe PEA outlines two alternatives for DRC-based Kamoa/Kakula deposits

By: Henry Lazenby     13th December 2016 A new preliminary economic assessment (PEA) has outlined two potential initial development scenarios for Ivanhoe Mines’ “disruptive” Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC). The PEA examined two initial scenarios for development of the high-grade copper deposits at... 

Gordhan lashes Eskom in address to Numsa

By: African News Agency      13th December 2016 Finance Minister Pravin Gordhan on Monday criticised State-owned enterprises for obstructing government’s objectives through corruption, as he addressed the tenth conference of the National Union of Metalworkers of SA (Numsa). “Not all boards are working for us…They must work for South Africa... 

Coal demand growth to stall as appetite wanes, according to IEA

By: Natasha Odendaal     12th December 2016 As appetite for other energy sources gain momentum, with the fast growth of renewables and a strong focus on energy efficiency, growth in global coal demand is expected to stall over the next five years, the International Energy Agency’s (IEA’s) latest ‘Medium-term Coal Market’ report shows.... 

Gold’s roller-coaster year not over yet – WGC

By: Megan van Wyngaardt     12th December 2016 Marking 2016 a “roller-coaster year”, World Gold Council (WGC) market intelligence head Alistair Hewitt noted that the gold price would finish the year up almost 10% from the start of the year. In July, the gold price breached $1 350/oz, up almost 30% since January, rising at its fastest pace... 

Electric vehicles’ share of market to grow rapidly, says IHS Markit

By: Irma Venter     9th December 2016 Electric vehicles (EVs) could make up 15% to 35% of worldwide new vehicle sales in 2040, says IHS Markit, a specialist in critical information, analytics and solutions. The findings are part of a new research project, ‘Reinventing the Wheel’, that the company will conduct over the first half of... 

Liquid Sea submarine cable project, South Africa to the Middle East

By: Sheila Barradas     9th December 2016 The new submarine cable will directly connect all countries along the east coast of Africa and provide new connectivity for the Middle East and Europe.  

Nuclear power is the way to go

By: Kelvin Kemm     9th December 2016 If one decides to build a new hospital, one would expect that medical doctors and nurses would have a major say in how the hospital should be laid out. Architects would be involved. But local church groups, the baker and butcher should not be involved. Representatives of the church could make... 

Global airline industry projects eight consecutive years in the black

By: Martin Zhuwakinyu     8th December 2016 GENEVA - The global airline industry expects to post a record net profit of $35.6-billion in 2016, up from $35.3-billion in 2015, with this strong performance forecast to continue into 2017, albeit at a lower level. The projected net profit of $29.8-billion in 2017 would mean eight consecutive... 

Air cargo volumes encourage, outperforming weak global trade

By: Martin Zhuwakinyu     8th December 2016 Although the global airfreight business continues to face headwinds from weak global trade, the International Air Transport Association (Iata) says there are encouraging signs that growth in air cargo volumes, which came in at 8.2% year‐on‐year in October, will endure into the new year. This was... 

Glencore's Rosneft deal wins analyst thumbs-up

By: Martin Creamer     8th December 2016 The share price of diversified mining and marketing company Glencore rose in Johannesburg on the news that the company is in final-stage negotiations to buy 19.5% of Russia’s privatised oil company Rosneft for $11-billion together with the Qatar Investment Authority, which is Glencore’s largest... 

UK seeks to strengthen ties with S Africa amid Brexit

By: Megan van Wyngaardt     7th December 2016 To deepen the already strong economic ties with one of its key trade partners, UK Chancellor of the Exchequer Philip Hammond has committed up to £35-million for an ambitious new prosperity programme over the next four years, which will support inclusive economic development in South Africa, by... 

Millennials could boost global diamond sales

By: Megan van Wyngaardt     7th December 2016 While the global diamond industry may be poised for a modest rally in 2017, several key headwinds persist, including the need for secure access to financing within the midstream sector, slowing consumption in China and the ongoing threat of synthetics and counterfeit diamonds, according to a... 

West African countries tell Europeans to keep their ‘dirty fuel’ 

By: African News Agency      6th December 2016 Five West African nations are banning ‘dirty’ European fuels – exported fuels with higher sulphur levels – in response to concerns over vehicle emissions and in an effort to bring safer, cleaner air to more than 250 million people. On Monday the United Nations Environment Programme (UNEP) said... 

Infrastructure-focused legal firm sets up Africa practice

By: Terence Creamer     5th December 2016 International law firm Pinsent Masons is formally establishing its African office in Johannesburg, from where it plans to pursue continental opportunities in the areasof infrastructure, energy and technology. The firm, which is domiciled in the UK, is a specialist infrastructure practice... 

Lufthansa's year-round Frankfurt-Cape Town route launched

By: Anine Kilian     2nd December 2016 International airline Lufthansa’s new direct year-round flight between Frankfurt and Cape Town is scheduled to arrive in Cape Town on Saturday morning. Passengers on this flight will enjoy a newly retrofitted Airbus A340-300, which boasts 279 seats and offers the airline’s new intercontinental... 

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