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Apr 24, 2015
Zambia's fiscal deficit will exceed the targeted 4.6% of gross domestic product in 2015 due to weaker copper prices and changes to the mining tax regime, a senior Treasury official said on Friday. Mike Masiye, the director of budget in the ministry of finance, said...
Apr 23, 2015
To support issuing banks in Africa in expanding their trade finance operations, the African Development Bank (AfDB) has entered into a $40-million risk participation agreement (RPA) with Spanish banking group Banco Santander. The facility would tackle critical market...
Apr 23, 2015
Parliament's intelligence committee is dealing with a letter sent by former South African Revenue Service spokesperson Adrian Lackay, relating to the crisis facing the organisation. Lackay electronically sent a 29-page letter to the joint standing committee on...
Apr 23, 2015
Ghana's decision to seek arbitration in a dispute with Côte d'Ivoire over an oil-rich basin in the Atlantic could prove costly for the country and a consortium led by Tullow if a court halts development there. The International Tribunal for the Law of the Sea will...
Apr 20, 2015
Ministers from governments across Africa have renewed their call for a strong, new universal climate-change agreement and increased flows of funds, including through market and finance opportunities, sufficient to fulfil Africa’s development aspirations, at the...
Apr 15, 2015
Cape Town utility event to gather more than 5000 power professionals Africa’s leading utility, energy and water professionals and projects are to be honoured again at the annual African Utility Week and Clean Power Africa that is taking place in Cape Town from 12-14...
Apr 13, 2015
Zambia President Edgar Lungu
Zambia's cabinet approved changes to controversial mining royalties on Monday after the finance and mines ministers proposed amendments, the president's spokesperson said. "This follows extensive consultations with the mining industry in the light of significant...
Apr 09, 2015
Zambia's Cabinet will table changes to mining royalties on Monday after the finance and mines ministers proposed the amendments, the President's spokesperson said on Thursday. Zambian President Edgar Lungu last month directed the finance and mining ministers to...
Apr 08, 2015
Apr 07, 2015
Apr 01, 2015
 
 
 
Mar 31, 2015
The International Monetary Fund on Tuesday applauded Zambia's efforts to resolve tax issues in its copper mining industry but warned that only further tightening of fiscal and monetary polices would contain the country's large deficits. President Edgar Lungu directed...
Mar 31, 2015
ASX-listed junior Magnis Resources has inked a binding term sheet with offtake partner China National Nonmetallic Minerals Industrial Limited Corporation (Sinoma) for $150-million in funding to advance the Nachu graphite project, in Tanzania. The funding would cover...
Mar 30, 2015
Banking group Nedbank Capital’s commodity finance division has announced the appointment of Anne-Marie Woolley as the new energy and metals unit head, which forms part of its global commodity finance division. London-based Woolley, who was formerly Standard Bank’s...
Mar 30, 2015
Deputy Minister in the Presidency Buti Manamela
A National Consultative Conference to discuss the draft National Youth Policy 2015-2020 (NYP2020) got under way in Johannesburg on Sunday. The two day conference is being attended by young people from around the country and nationally organised youth structures. lts...
Mar 25, 2015
Eskom chairperson Zola Tsotsi
Eskom board chairperson Zola Tsotsi has not been removed, the power utility said on Wednesday. Eskom media desk was responding to questions on a report that the four executives, suspended earlier this month, were not suspended because they initiated an audit of the...
Mar 24, 2015
The National Energy Regulator of South Africa (Nersa) should decline any more tariff increases for Eskom in 2015, the Democratic Alliance (DA) said on Monday. Nersa confirmed Eskom was formalising an application to reopen the multi-year price determination, allowing...
Mar 23, 2015
Gold hopeful RNI on Monday announced that it had signed a term sheet for a A$60-million project financing package to fund the development of the Grosvenor gold project, in Western Australia. The funding package comprised a split of senior debt and convertible bonds,...
Mar 18, 2015
Africa has been included for the first time in the 36-year history of advisory firm PwC and nonprofit organisation Urban Land Institute’s 'Emerging Trends in Real Estate 2015' report. Speaking at a media briefing in Johannesburg, PwC global real estate leader Kees...
Mar 16, 2015
Publicly traded industrial energy company enX Group has announced details of an intended R211m equity capital raise and Broad Based Black Economic Empowerment transaction. The transaction, once concluded, will significantly strengthen its financial and liquidity...
Mar 10, 2015
Information technology (IT) company SAP South Africa plans to increase its broad-based black ownership to 30%, announcing on Tuesday that it will issue 19.5% of its shares to a broad-based black economic-empowerment (BBBEE) trust that will distribute dividends to...
 
 
 
 
Mar 06, 2015
Main Activity of the Company: International express shipping Date and Place of Birth: Newcastle, August 27, 1967
Mar 04, 2015
AECOM the world’s #1-ranked engineering design firm, announced today that its board of directors has appointed Chief Executive Officer Michael S. Burke to the additional position of chairman of the board. The appointment, effective today, completes a planned...
Mar 03, 2015
Transport equipment manufacturer GE Transportation has appointed Thomas Konditi as the head of its sub-Saharan Africa division. Konditi, who would be based in Johannesburg, was most recently COO of GE Africa, in Nairobi. His responsibilities included the oversight of...
Mar 03, 2015
High import and export volumes have contributed to the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) rising by 3.5 index points 92.8 in February, from 89.3 in January. Sacci noted that the increase was surprising, pointing...
Mar 02, 2015
Mongolia-focused Guildford Coal is considering a potential listing on the Singapore stock exchange and plans to relocate its corporate office to the South East Asian island country. The ASX-listed company announced the potential listing and relocation decision on...
Feb 27, 2015
As the industry prepares for the 2015 Prospectors and Developers Association of Canada’s conference, many have written off the past year as another annus horribilis – a horrible year filled with more impairments, fire sales, debt headaches and muted prices. The...
Feb 27, 2015
The Gauteng Provincial Government has outlined plans to develop a handful of “mega” human settlements as part of an ambitious long-term housing development strategy aimed at narrowing the housing backlog, with plans afoot to replace informal settlements with...
Feb 27, 2015
The Colombian mining tax regime has imposed a significantly high tax burden on marginal investments in mining, discriminated across minerals and was counterproductive to project profitability, pointing to a need to improve the country's mining tax regime. This was...
Feb 27, 2015
BUSINESS SUPPORT The South African Breweries’ business support model is designed to build and strengthen the capabilities of small and medium-sized enterprises to become sustainable entities with the ability to create jobs and wealth
Brewing and bottling giant South African Breweries (SAB) will announce this year’s finalist in the SAB KickStart programme – a youth entrepreneurship programme aimed at providing fledgling business owners with business training and mentorship – on 27 March. The...
Feb 27, 2015
TERENCE GREGORY Ecsponent’s bridging financing and support render companies more sustainable
Bridging finance plays an important role in creating sustainable businesses and the greatest challenge small and medium-sized enterprises (SMEs) face is a lack of technical acumen to complete a transaction, says JSE-listed private equity and financial services group...
 
 
 
 
Feb 27, 2015
Main Activity of the Company: Alco-Safe is a distributor of drug and alcohol testing equipment in South and Southern Africa Date and Place of Birth: February 19, 1986, Pretoria Education: Bachelor of Commerce and Business Management, University of Pretoria, 2004 to...
Feb 25, 2015
The first installment of an approved R23-billion capital injection for struggling electricity utility Eskom would be made in June, Finance Minister Nhlanhla Nene revealed in his 2015 Budget address. The allocations would be made in two installments, with a special...
Feb 24, 2015
South Africa’s gross domestic product (GDP) grew by a meagre 1.5% in 2014, lower than the 2.2% growth of 2013 and well below the 5.5% growth target set out by government in its National Development Plan. The main contributors to the increase in economic activity in...
Feb 18, 2015
As the demand for student accommodation continues to outweigh supply, financial services provider Nedbank has described “excellent” investment opportunities in this market, stating on Wednesday that South Africa could soon see the establishment of a new real estate...
Feb 16, 2015
SAA acting CEO Nico Bezuidenhout
South African Airways (SAA) confirmed on Monday that some R600-million in yearly savings would arise as a direct result of a decision to cull lossmaking services to Beijing, China, and Mumbai, India, as from the end of March. The cessation of the long-haul routes,...
Feb 13, 2015
The transition from Further Education and Training (FET) colleges to Technical Vocational Education and Training (TVET) colleges signals a new era for the colleges and skills development in South Africa and will help align the country with international practice....
Feb 13, 2015
The transition from Further Education and Training (FET) colleges to Technical Vocational Education and Training (TVET) colleges signals a new era for the colleges and skills development in South Africa and will help align the country with international practice.
Feb 11, 2015
Cesa president Abe Thela
Private sector expertise and finance should be leveraged to help reinvigorate South Africa’s underperforming infrastructure programmes, Consulting Engineers South Africa (Cesa) argues, adding that the accelerated deployment of energy, transport and water projects...
Feb 10, 2015
The 15th annual African Utility Week and Clean Power Africa is the only global meeting place, conference and trade exhibition for African power and water utility professionals and offers a unique networking opportunity for engineers, stakeholders and solution...
Feb 09, 2015
To provide professionals with the integrated business and operational training and broader social and environmental perspectives necessary to lead the mining industry, the University of British Columbia’s (UBC’s) Sauder School of Business will launch an executive...
 
 
 
 
Feb 09, 2015
To further “optimise its top management structure”, JSE-listed Sasol has appointed Bongani Nqwababa its new CFO, while sustainability and human resources portfolio executive director Nolitha Fakude will be directly accountable for the strategy and sustainability...
Feb 09, 2015
Tuberculosis (TB) is a silent killer in many communities and deserves far more attention from mining companies. “We need to change our regulatory regime to recognise the biggest killer in our mines – TB,” South Africa’s Health Minister, Aaron Motsoaeledi, told the...
Feb 06, 2015
The tariff implications of the National Energy Regulator of South Africa’s (Nersa’s) decision to allow Eskom to operate its diesel-fuelled open-cycle gas turbines (OCGTs) for up to 450 GWh a month have not yet been determined. But the State-owned utility has...
Feb 06, 2015
A determined and aggressive initiative to deal with Southern Africa Development Community (SADC) challenges, including access to rural and agriculture financing, as specified in the Regional Agricultural Policy (RAP), is required to harness the potential that...
Feb 04, 2015
Cape Town utility event to gather more than 5000 power professionals. Africa’s leading utility, energy and water professionals and projects are to be honoured again at the annual African Utility Week and Clean Power Africa that is taking place in Cape Town from 12-14...
 
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