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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... 

Air Seychelles opens direct route to Durban

By: Anine Kilian     2nd December 2016 Air Seychelles has established a new direct route to Durban, in KwaZulu-Natal set to open on March 30, 2017. Travellers can already buy tickets with round-trip economy class fares starting from R5 000 and business class fares starting from R15 000. 

Continued investment growth foreseen in Western Cape

By: Simone Liedtke     2nd December 2016 The Western Cape is increasingly being recognised as a feasible alternative gateway into South Africa or Africa, owing to it contributing 14.3% of the country’s gross domestic product, making it the second biggest provincial economy in the country, says engineering and design company WSP |... 

Durban's Hilton Hotel undergoing major refurbishment

By: Dylan Slater     2nd December 2016 Scheduled for completion in May 2017, the Hilton Hotel Durban is undergoing a refurbishment project undertaken by professional services company Turner & Townsend as project managers.  

Oil hits 6-week high after Opec deal, sterling jumps

By: Reuters     1st December 2016 Oil swept to a six-week high on Thursday after Organisation of the Petroleum Exporting Countries (Opec) agreed to cut crude output to help clear a glut, while sterling hit a three-month peak after traders interpreted comments from a senior UK official as a crack in the government's "hard Brexit"... 

Eight miners dead after tremor hits Polish copper mine

By: Reuters     1st December 2016 The final death toll of an earth tremor causing rockfalls deep underground in Europe's largest copper mine in southwestern Poland rose to eight miners, the mine's operator KGHM said on Wednesday. The tremor hit the Rudna copper mine at 20:09 GMT on Tuesday, KGHM said, causing extensive damage,... 

Govt, business and labour to up partnership game in 2017 

By: Natasha Odendaal     29th November 2016 The partnership between civil society, labour, business and government that recently averted a near-downgrade of South Africa’s investment rating will “lift its game” next year to ensure that citizens start to experience change, according to Finance Minister Pravin Gordhan. Speaking at a World... 

Glencore pivots from disposals to dividends as stock rallies

By: Bloomberg     29th November 2016 What a difference a year makes. Glencore fended off questions in 2015 about its survival as commodity prices hit new lows, and now there’s talk that the company’s turnaround plan has gone so well that it could be months away from paying dividends again. Surging coal and zinc prices, a rebounding... 

First African Trade Forum to discuss Continental free trade

By: African News Agency      29th November 2016 Aiming at creating a single continental market for goods and services, free movement of business persons and investments and expand intra-African trade among other things, the first ever Africa Trade Week 2016 was held in Addis Ababa on Monday. The Continental Free Trade Area (CFTA) is also... 

Industry Supports Machine Tools Africa 2017 as sales exceed 70%

By: Creamer Media Reporter      28th November 2016 With seven months still to go and the two allocated exhibition halls largely booked, industry has demonstrated its strong support for Machine Tools Africa 2017, taking place at the Expo Centre in Johannesburg from 9-12 May 2017. Exhibition space sales have exceeded 70% of overall square metres... 

Business optimism in S Africa improving, says Grant Thornton

By: Anine Kilian     28th November 2016 According to the results of Grant Thornton’s International Business Report (IBR) for the third quarter of 2016, optimism among South African business executives regarding the outlook for the country’s economy in the coming 12 months is currently at 10%. The consulting firm acknowledges that,... 

Unique concept recognised with prestigious prize

     28th November 2016 Case IH autonomous tractor development takes silver medal in SIMA awards scheme Prize awarded by SIMA organization / Recognition of Autonomous Concept Vehicle’s potential to make both machinery and labour more productive / Tractor based on proven. Case IH Magnum drivetrain / Design focus is on... 

Berkeley doubles uranium sales in Spain

By: Esmarie Swanepoel     28th November 2016 Uranium developer Berkeley Energia has signed an offtake agreement with commodity trader Interalloys trading for the sale of first production from the Salamanca mine, in Spain. The offtake agreement followed a letter of intent (LoI), which was signed in September. 

Wine and Olive Oil Suppliers Expo heads for Cape Town in 2017

By: Creamer Media Reporter      27th November 2016 South Africa is the eighth largest producer of wine in the world with export volumes having doubled in the past ten years. According to a study commissioned by the SA Wine Industry Information & Systems (SAWIS), published in January 2015, of the R36.1 billion gross domestic product (GDP)... 

Gold tormented by mighty dollar as price sinks to nine-month low

By: Bloomberg     25th November 2016 Gold is being tormented by the mighty dollar, with the precious metal sinking to a nine-month low as the prospect for higher interest rates from the Federal Reserve next month and in 2017 lifts the US currency. Bullion for immediate delivery tumbled as much as 0.9% to $1,171.18/oz, the lowest... 

Inside the South Africa leg of Unilever’s globally recognised push for sustainability

By: Dylan Slater     25th November 2016 For the third consecutive year, consumer goods manufacturer Unilever has been rated as the Number 1 Top Employer in the manufacturing sector as well as the Number 1 Top Employer in the fast moving consumer goods sector in Africa by the Top Employers Institute. The company also features as the... 

Cape Town harbour’s Alfred Basin

By: Jade Davenport     25th November 2016 Given that Cape Town was the most important port on the sea route between Europe and the East, for the first half century that the British administered this strategic maritime jewel, it is surprising that little effort was made to develop any infrastructure that could transform Table Bay into a... 

German drive engineering group to expand activities in South Africa

By: Keith Campbell     25th November 2016 German drive engineering group SEW Eurodrive is planning to expand its assembly capacity in South Africa. The company operates 15 manufacturing plants in Germany, France, Brazil, the US and China, which ship components to assembly plants in 75 countries, including South Africa. “We invest in all... 

Inside the South Africa leg of Unilever’s globally recognised push for sustainability

By: Dylan Slater     25th November 2016 For the third consecutive year, consumer goods manufacturer Unilever has been rated as the Number 1 Top Employer in the manufacturing sector as well as the Number 1 Top Employer in the fast moving consumer goods sector in Africa by the Top Employers Institute. 

Reverse pocket filter coming to South Africa

By: Robyn Wilkinson     25th November 2016 After extensive trials in Europe, with very successful results, air and liquid filtration solutions provider Freudenberg Filtration Technologies’ HydroMaxx reverse pocket filter will become available in South Africa next month. 

Moody’s upgrades Sappi from positive to stable

By: Megan van Wyngaardt     24th November 2016 Ratings agency Moody's Investors Service has upgraded the corporate family rating of JSE-listed pulp and paper company Sappi to Ba2 (stable) from Ba3 (positive), owing to the company’s intention to repay its $400-million bond, due in 2017, from generated cash. The ratings agency further noted... 

Hertwich Engineering to supply a compact remelt plant for aluminum to SAI in Taiwan

     23rd November 2016 SuperAlloy Industrial CO. Ltd. (SAI), located in Dou-Liu City, Taiwan, has placed an order with Austrian Hertwich Engineering, a company of SMS group (www.sms-group.com), for the supply of a compact remelt plant for aluminum billets in sizes up to maximum 305 millimeters diameter and 7,000... 

Copper surplus reaches 154 000 t in August on weaker Chinese demand, seasonality

By: Henry Lazenby     23rd November 2016 New analysis by the International Copper Study Group (ICSG) has shown an apparent production surplus of around 154 000 metric tonnes in August, mainly owing to weaker Chinese demand and seasonally weak use in other regions. The Lisbon, Portugal headquartered think tank said in a statement Monday... 

Gold sales heat up in Europe after Trump win but not in US

By: Reuters     23rd November 2016 Donald Trump's US presidential victory has spurred safe-haven buying of physical gold in Europe, but traditional bullion holders in the United States are standing pat. After all, many of them are optimistic after voting for Trump. The contrast in reactions to Trump's surprise victory shows a... 

Africa still behind on ICT rankings, despite improvements

By: Natasha Odendaal     22nd November 2016 As the world increasingly becomes more connected, the latest International Telecommunications Union (ITU) report shows that nearly all 175 countries surveyed during the past year have improved their information and communication technology (ICT) development index (IDI) compared with 2015. The... 

Pipe Plugging and Blocking of all shapes and sizes with Pipestoppers®

     22nd November 2016 Pipe plugs and stoppers are in use globally for a large variety of applications. This includes leak testing, weld purging, debris stopping and pipe freezing for repair or maintenance work for thousands of different industries. Manufacturing a wide range of plugs and stoppers of up to two meters... 

PGM market faces 100 000 oz deficit in 2017 – WPIC

By: Ilan Solomons     22nd November 2016 Total global supply of platinum-group metals (PGMs) is forecast to decline by 2% to 7.7-million ounces in 2017 from 7.8-million ounces in 2016, mainly as a result of a decline in secondary supply as jewellery recycling in China returns to a more typical level after retailer destocking raised it... 

Volkswagen CEO says sees case for building own battery factory – paper

By: Reuters     21st November 2016 Europe's largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it expands production of low-emission cars after its emissions scandal. Volkswagen and its labour unions agreed on Friday to cut 30 000 jobs at the core VW brand in... 

Dakota eyes 2019 start in Portugal

By: Esmarie Swanepoel     21st November 2016 The Sepeda lithium project, in Portugal, is expected to deliver its first production in mid-2019, owner Dakota Minerals reported on Monday. The company said that the timing with first production coincided with the planned opening of various lithium-ion battery factories across Europe and the... 

Volkswagen to cut 30 000 jobs at VW brand by 2020

By: Reuters     18th November 2016 Volkswagen and its powerful labour unions agreed to cut 30 000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals. The turnaround plan announced on Friday will lead to... 

Imported trucks adapted to suit South African environment

     18th November 2016 Engineering support services company, Babcock Africa’s Transport Solutions division is giving cutting-edge European engineering a distinctly African twist, with adaptations to suit the local environment, having stocked up on high-quality DAF Trucks vehicles imported directly from the DAF factory... 

Quell, the beloved country

By: Riaan de Lange     18th November 2016 Having not been trained in the integrities of the law, having been subjected - merely fleetingly at that - to two compulsory first year semesters at university, I have always been intrigued and conflicted when contemplating the law and justice. As a consequence, I have over the years... 

Regional demand grows for safety science company’s services

By: Mia Breytenbach     18th November 2016 Global independent safety science company UL says demand for its services in Southern Africa has increased by more than 25% year-on-year since the company established a local footprint in 2015. The company certifies, validates, tests, verifies and inspects manufactured products, as well as audits... 

Nyrstar hedges more zinc as price downside protection

By: Henry Lazenby     17th November 2016 European base metals business Nyrstar has entered into further short-term strategic hedging arrangements utilising put and call collar structures to mitigate potential down side risks to the zinc price. The global multi-metals business, with a market leading position in zinc and lead, said... 

Angola Cables, Etix team up to provide direct US–Africa connection

By: Natasha Odendaal     16th November 2016 Angolan telecommunications company Angola Cables and Luxembourg-headquartered data centre and cable landing station specialist Etix Everywhere have partnered to build infrastructure to reduce the latency between the US and Africa, thereby eliminating the data route through Europe. The parties... 

Wacker Neuson improves earnings in Q3 2016 despite challenging environment

     15th November 2016 Leading international light and compact equipment manufacturer, the Wacker Neuson Group, saw revenue and earnings for the third quarter of 2016 increase relative to the previous year. Viewed over a nine-month period, revenue remained at the prior-year level, balancing out the drop in earnings... 

Platinum market may see first surplus in six years in 2017 – Johnson Matthey

By: Reuters     14th November 2016 The platinum market could return to surplus for the first time in six years in 2017 as lower autocatalyst loadings and weakness in Chinese jewellery buying pull demand lower, refiner Johnson Matthey said in a report on Monday. Mine supply is expected to be flat next year, but supply of recycled... 

Datacentrix Receives Geographical Region Award as Africa Commercial Partner of the year at Cisco Partner Summit 2016

     14th November 2016 Datacentrix, a provider of high performing and secure ICT solutions, today announced that it is has received a Cisco® Partner Summit Geographical Region award for Africa Commercial Partner of the Year. Cisco announced the winners during its annual partner conference taking place this week in San... 

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