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Trend of declining SA vehicle exports to the rest of Africa continued in 2016

By: Irma Venter     28th April 2017 New-vehicle exports from South Africa into the rest of Africa continued its steep decline in 2016, notes the National Association of Automobile Manufacturers of South Africa (Naamsa) in its newest quarterly business review. Export sales of new vehicles have declined from 78 787 units in 2013, to... 

Outokumpu expects Q2 profit to be slightly weaker than Q1

By: Reuters     27th April 2017 Finnish stainless steel producer Outokumpu said it expects current quarter profit to be "somewhat" below first-quarter levels due to lower ferrochrome prices and deliveries. Outokumpu's first-quarter adjusted earnings before interest, taxes, depreciation, and amortisation tripled to... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC 

By: Terence Creamer     25th April 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

Western Cape to grow business ties with incoming French government

By: African News Agency      25th April 2017 The Western Cape Investment and Trade and Promotion Agency (Wesgro) said on Monday it was closely monitoring the remaining leg of the first round of France’s most contested and controversial election with the aim of growing business ties with France and the European Union (EU). Widely considered... 

Jan Nelson heading up copper explorer

By: Mariaan Webb     24th April 2017 Former Xtract Resources and Pan African Resources CEO Jan Nelson has joined Handa Copper – a TSX-V-listed company focusing on prospects in Africa – as CEO. Nelson, who quit as Aim-listed Xtract CEO in September last year, will head up the exploration company’s new management team, which will be... 

Aspen welcomes DA-initiated price-fixing probe

By: African News Agency      24th April 2017 Aspen Pharmacare on Monday issued a statement welcoming reports that South Africa’s Competition Commission had agreed to take up a request from the country’s official opposition to investigate alleged anti-competitive conduct by the company. The South African pharmaceutical company said it... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

African and global air freight and passenger traffic rose in February

By: Keith Campbell     21st April 2017 The growth in demand for air freight, measured in freight-tonne-kilometres (FTKs), in Africa increased by more than 10% in February, in comparison to February last year. African air passenger traffic, measured in revenue-passenger-kilometres (RPKs) jumped 7.1% over the same period. This has been... 

Cogeneration valuable to S Africa’s energy mix

By: Robyn Wilkinson     21st April 2017 With cleaner energy technology rapidly advancing and industries increasingly aiming to stabilise their power supply through off-grid generation alternatives, energy solutions provider Vuselela Energy director Jacques Malan is confident that cogeneration systems can offer a valuable power... 

Lithium battery manufacturing facility project, Sweden

By: Sheila Barradas     21st April 2017 The project aims to build Europe’s largest lithium battery factory. 

Mastercard tests new biometric cards in South Africa

By: Megan van Wyngaardt     20th April 2017 South Africa is the first market to test payment technology provider Mastercard’s next-generation biometric card, which combines chip technology with fingerprints to conveniently and safely store a cardholder’s identity for in-store purchases. Two separate trials with retailer Pick ‘n Pay and... 

How South Africa is attracting the world’s leading hospitality experts to advise on growth for the next decade

     20th April 2017 Sub-Saharan Africa needs tourism for jobs and investment and a new expo based on one of the world’s most successful brands will bring international experience to Johannesburg in June 2017 Some of the world’s leading experts in hospitality have agreed to appear at the inaugural The Hotel Show... 

Alcoa swaps New York for the city of steel as Harvey simplifies

By: Bloomberg     20th April 2017 Alcoa is giving up the glamour of New York City and going back to Pittsburgh, as new CEO Roy Harvey steps up efforts to streamline the aluminium maker. Changing headquarters and closing seven locations across the US, Europe and Asia is part of a push to lower costs after the producer of the... 

IMF raises global growth forecast, warns against protectionism

By: Reuters     19th April 2017 The International Monetary Fund raised its 2017 global growth forecast on Tuesday due to manufacturing and trade gains in Europe, Japan and China, but warned that protectionist policies threaten to choke a broad-based recovery. The IMF, whose spring meetings with the World Bank get underway in... 

Cinovec could be lowest-cost producer

By: Esmarie Swanepoel     19th April 2017 A preliminary feasibility study (PFS) has confirmed that the Cinovec project, in the Czech Republic, can be developed into a low-cost lithium carbonate producer, ASX- and Aim-listed European Metals reported on Wednesday. At a capital cost of A$393-million, the project could deliver some 20 800... 

Gold's top forecaster says prices may hit $1 350 by year-end

By: Bloomberg     19th April 2017 Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo, the best forecaster for the metal last quarter. Prices could take a V-shaped path this year, with a swoon coming mid-year as the Federal Reserve raises... 

Eastern Goldfields raises A$25m for Davyhurst

By: Esmarie Swanepoel     18th April 2017 ASX-listed Eastern Goldfields will raise a minimum of A$25-million through a share placement to complete the commissioning of the Davyhurst operation, in Western Australia. The company on Tuesday said that it will issue up to 80-million shares, at a price of 35c each to sophisticated, profession... 

Tourism supports 1 in 10 jobs

By: News24Wire      18th April 2017 Travel and tourism generated 1 in 10 of the world’s jobs in 2016, according to a new report by the World Travel & Tourism Council (WTTC). WTTC’s Economic Impact Report 2017, which is conducted in conjunction with Oxford Economics, researches the economic impact of travel and tourism on a global... 

NPO seeks nominations for the most inspiring women in technology, innovation sectors

By: Anine Kilian     13th April 2017 Inspiring Fifty South Africa has issued an open call for nominations for inspiring South African women working in the different spheres of the technology and innovation sectors. Inspiring Fifty is a Netherlands-based nonprofit organisation (NPO) that showcases the work of inspiring female role... 

UK Royal Mint's gold sales jump 20% amid political turmoil

By: Bloomberg     13th April 2017 The UK Royal Mint’s gold sales jumped by a fifth in the first three months of the year, according to figures obtained under freedom of information legislation. Following month-on-month declines in the first two months, March gold sales jumped 263% in volume-terms, according to the information... 

Wits opens R6m isotope geoscience laboratory

By: Creamer Media Reporter      12th April 2017 A new R6-million ultraclean isotope geoscience laboratory has been launched at the School of Geosciences at the University of the Witwatersrand (Wits). The Wits Isotope Geoscience Laboratory (WIGL), working closely with the University of Johannesburg’s (UJ’s) Geology Department, aims to deliver a... 

Recycling problem not just confined to plastics – Sapro 

By: Megan van Wyngaardt     12th April 2017 The recyclability of many products in the South African market is “just not being considered anymore”, with very few product designers considering end-of-life during the design stage of the product, South African Plastics Recycling Organisation’s (Sapro's) Annabé Pretorius tells Engineering News... 

Volatile global politics arouses bulls with gold at 5-month high

By: Bloomberg     12th April 2017 Worries about the unpredictability of a Donald Trump presidency are revitalising gold. Bullion is trading at the highest level since the week in November when Trump won the US election as rising global tensions surrounding Syria and North Korea strain investors’ nerves. A standoff between the US... 

Richards Bay plant to make pearly whites from industrial slag

By: African News Agency      11th April 2017 It’s hard to avoid references to a phoenix while thinking about a deal being inked on Tuesday that will turn industrial waste into a pearly white pigment … and put hundreds of people to work. A technology partnership between Johannesburg-based Nyanza Light Metals and Avertana of New Zealand will... 

Competition Commission adds ten charges against Kawasaki Kisen Kaisha

By: Creamer Media Reporter      10th April 2017 Less than a week after referring Japanese company Kawasaki Kisen Kaisha (K-Line) to the Competition Tribunal for prosecution for collusive tendering, price fixing and market division, the Competition Commission has added ten more charges. The commission is also seeking administrative penalties of... 

Chile's Codelco unit seeks value in copper impurities, arsenic

By: Reuters     7th April 2017 Ecometales, a unit of Chile's state-run Codelco, is in talks with smelters in Europe and China to share its technology for stabilising arsenic while processing lower-quality copper ore, an executive said on Friday. Codelco was hit hard by the commodity price crash of 2015 and early 2016 and... 

Datatec in talks for sale of Wescon-Comstor stake

By: Natasha Odendaal     7th April 2017 JSE-listed information and communications technology (ICT) company Datatec on Friday issued a cautionary as it mulls the sale of its major share in Westcon-Comstor’s operations for more than $800-million. In January, the group had entered into negotiations for a possible transaction, subject to... 

BMW to spend R400m on new regional distribution centre, HQ expansion

By: Irma Venter     7th April 2017 BMW Group South Africa (BMW SA) will, over the next two years, invest R400-million in a new regional distribution centre (RDC) and the expansion of its Midrand headquarters. The R400-million investment is in addition to the R6-billion injection, announced in November 2015, to prepare the... 

Metair in multiyear deal to supply enhanced batteries to Germany’s Daimler

By: Irma Venter     7th April 2017 Manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, has secured a multiyear supply agreement, from 2018 onwards, for the supply of enhanced flooded start/stop batteries to German car maker Daimler, in Europe, says MD Theo Loock. Speaking in... 

South Africa’s cloud adoption lagging rest of the world, report shows

By: Schalk Burger     7th April 2017 Networking specialist firm F5 Networks ‘State of App Delivery 2017’ report indicates that 41% of companies in Europe, the Middle East and Africa will continue to invest in private cloud technologies and services this year, although South Africa’s cloud adoption is lagging significantly behind... 

Testing of world’s first fuel-cell-powered train under way

By: David Oliveira     7th April 2017 Railway systems and equipment company Alstom successfully completed an 80 km/h test run of the Coradia iLint, the world’s first fuel-cell-powered passenger train, at the company’s test track in Salzgitter, Germany, last month. An extensive test campaign will be conducted in Germany and the Czech... 

When the going gets tough, the tough go skiing

By: Riaan de Lange     7th April 2017 In a mere ten days, the men of the next generation of two internationally renowned (you can also read infamous) families on both sides of the pond made the same decision when their presence was required at home at two very important events. Both men attained their privilege by birth (well, one of... 

African airline capacity up 2.3% y/y in February

By: Megan van Wyngaardt     6th April 2017 African airlines achieved strong growth in passenger traffic of 7.1% year-on-year in February, the International Air Transport Association (Iata) said on Thursday. This mainly reflected the upturn on the key route to and from Europe, offsetting struggles in the region’s biggest economies, Nigeria... 

Competition Commission refers Kawasaki Kisen Kaisha to Tribunal

By: Natasha Odendaal     5th April 2017 The Competition Commission has lodged a complaint with the Competition Tribunal against Japanese company Kawasaki Kisen Kaisha. The firm is one of four companies investigated by the commission and found to have been involved in a cartel transporting Toyota vehicles by sea to and from South Africa... 

US launches partnership with African electricity company

By: African News Agency      5th April 2017 The US Department of State, in partnership with the Edison Electric Institute (EEI), officially launched the African Utility Power Sector Exchange (AUPSE) on Tuesday with a summit in Washington, DC, attended by African and US utility CEOs. The summit was opened by acting Special Envoy and... 

Implications Of Junk Status For South African Investors

     4th April 2017 Ratings agencies have different approaches to assessing the debt issued by the National Treasury in domestic and local currency. To fund government expenditure, Treasury borrows in local currency (90% of total outstanding stock) or in foreign currency (10%) in international markets. In other... 

South African maritime industry set to grow, but challenges remain

By: Shirley le Guern     3rd April 2017 South Africa is in a unique position to leverage substantial opportunities within the maritime industry but needs greater buy-in from industry participants.This was the message from South African Maritime Safety Authority (Samsa) acting CEO Sobantu Tilayi at a roundtable discussion, in Durban, on... 

SA new-vehicle exports into Africa plummet 73% since 2013

By: Irma Venter     3rd April 2017 New-vehicle exports from South Africa into the rest of Africa continued its steep decline in 2016, notes the National Association of Automobile Manufacturers of South Africa (Naamsa) in its newest quarterly business review. Export sales of new vehicles have declined from 78 787 units in 2013, to... 

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