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Mar 28, 2015
Barrick Gold, the world's biggest gold producer by output, will continue operating its Lumwana copper mine, in Zambia, while awaiting changes to the country's mineral royalty tax, the company said on Friday. Barrick had said it would suspend operations after Zambia...
Mar 26, 2015
Zambian President Edgar Lungu on Wednesday directed the finance and mining ministers to change royalties on mining firms by April 8, saying the copper-producer could consider temporarily reverting to the tax regime in 2014. The decision to increase royalties in...
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
President Robert Mugabe
Zimbabwe is planning talks with Germany on how to resolve a $739-million debt it owes to euro zone's biggest economy, the southern African nation's finance minister said on Tuesday. President Robert Mugabe's government owes foreign creditors, including 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 20, 2015
Castleton Commodities International, a privately held US energy merchant, has hired Peter Sellars, former metals chief at JPMorgan Chase & Co and Sempra, as part of its launch into the global physical base metals market, it said on Friday. Sellars' appointment marks...
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 17, 2015
Mar 13, 2015
Mar 12, 2015
 
 
 
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 10, 2015
Zimbabwe's economy is expected to weaken further this year after growing by 3.1% in 2014, the International Monetary Fund said on Monday, while the Zimbabwean finance minister said Harare expects to clear its arrears to the fund in the next year. The government...
Mar 06, 2015
South Africa's National Union of Mineworkers (NUM) said on Friday it would oppose any attempt by cash-strapped power utility Eskom to sell assets, especially its finance company which helps provide home loans to employees. Eskom CE Tshediso Matona told the Reuters...
Mar 06, 2015
Main Activity of the Company: International express shipping Date and Place of Birth: Newcastle, August 27, 1967
Mar 04, 2015
Guinea's economy is likely to take a $2-billion hit from a regional Ebola outbreak that has killed nearly 10 000 people, and the country is relying on mining to drive growth once the virus is contained, the finance minister said. Guinea is the world's top exporter of...
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...
Feb 04, 2015
Regional collaboration in the power and water sectors, the untapped potential of renewable energy and investment challenges will be top of the agenda at the 15th African Utility Week and Clean Power Africa conference and exhibition, returning to the CTICC in Cape...
 
 
 
 
Feb 03, 2015
Aim-listed Premier African Minerals has secured £1-million from investment company Darwin Strategic to part fund the development of its 49%-owned RHA Tungsten project in Zimbabwe. Premier and Darwin signed an agreement on February 2 for the £1-million zero coupon...
Feb 02, 2015
Feb 02, 2015
The World Federation of Diamond Bourses (WFDB) on Monday expressed its sorrow over the death of partially State-owned Russian diamond producer Alrosa’s former president Fyodor Andreev on Friday. Andreev, 47, who stepped down last September for medical reasons after...
Jan 23, 2015
Eskom CEO Tshediso Matona believes positive results from the current turnaround plan at the embattled utility will begin showing through in the next 18 to 24 months and has committed to continue “telling it as it is and telling it like it has never been told” so that...
Jan 21, 2015
Philippe Mellier
The low oil price is expected to benefit the diamond business, De Beers CEO Philippe Mellier has told sightholders. At a reception in Botswana to mark the first 12 months of sightholder sales in Gaborone, Mellier outlined how the downwardly trending oil price could...
 
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