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Sep 18, 2014
Uganda is hoping to secure an $8-billion loan from China to build a railway network to revamp the country's transport infrastructure as it prepares to start oil production. As in other areas of Sub-Saharan Africa, China has become a major investor in Uganda. It has...
Sep 17, 2014
Jamie Sokalsky
Former Barrick Gold CEO Jamie Sokalsky has been appointed director and chairperson designate of TSX-V-listed Probe Mines. He would join the board immediately, but would only take up the position of chairperson when current chairperson Patrick Reid retired on October 29.
Sep 10, 2014
Unctad economist Alex Izurieta
Given the insufficiency of global demand, it is highly unlikely that international trade alone will be able to kick-start economic growth, a new United Nations Conference on Trade and Development (Unctad) report argues. The Trade and Development Report 2014 notes...
Sep 09, 2014
Sep 08, 2014
Tanzania's tax authority has scrapped plans to review mining and gas contracts, after its announcement of the move last week rattled investors in the east African country's rich gold and natural gas resources. The Tanzania Revenue Authority (TRA) said last week it...
Sep 05, 2014
Junior gold developer Gryphon Minerals would start construction at its Banfora gold project, in Burkina Faso, by the first quarter of 2015, COO Steve Zaninovich told Paydirt’s Africa Downunder. Zaninovich said the company was on the cusp of obtaining finance from...
Sep 05, 2014
Private education institution Maragon Private Schools Olympus, in Pretoria, will launch its Solar Eagle solar car at the Sasol Solar Challenge 2014, an eight-day biennial solar car race, which will take place from September 27 to October 4.
Sep 05, 2014
The ninth World Congress on Engineering Asset Management (WCEAM) will be held at the International Convention Centre, Council for Scientific and Industrial Research, in Pretoria, from October 28 to 31 and will explore complementary disciplines that constitute the...
Sep 05, 2014
Aug 29, 2014
Aug 29, 2014
Aug 29, 2014
 
 
 
Aug 26, 2014
Lamenting a “chicken and egg” scenario in the local liquefied natural gas (LNG) industry, South African Oil and Gas Alliance CEO Ebrahim Takolia has argued that South Africa should first increase the size and distribution network of the local gas market – initially...
Aug 26, 2014
Zambia plans to waive a rule requiring mining companies and other exporters to produce import certificates from destination countries because it is impracticable, finance minister Alexander Chikwanda said on Tuesday. Chikwanda said the ministry planned to negotiate a...
Aug 22, 2014
Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
Aug 22, 2014
IXAS Zuid-Oost has been selected as the bidder for the A9 Gaasperdammerweg project.
Aug 22, 2014
Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
Aug 22, 2014
Current expectations in the automotive industry are for the domestic new vehicle market to decline to around 619 000 units in 2014, down from the 651 745 units sold in 2013, says Absa vehicle and asset finance head Wessel Steffens. “Interest-rate sensitive sectors in...
Aug 21, 2014
Pan African telecoms operator, Gondwana International Networks has announced that its iWayAfrica business has launched a managed infrastructure and services solution for the SME market in Uganda.  The  new product offering has been done in conjunction with managed...
Aug 18, 2014
Petra CEO Johan Dippenaar
London-listed Petra Diamonds on Monday announced a scope change at its Finsch diamond mine in the Northern Cape, which brings forward by three years higher levels of undiluted production from a sub-level cave project. Petra CEO Johan Dippenaar and FD David Abery,...
Aug 18, 2014
The National Youth Development Agency (NYDA), Industrial Development Corporation (IDC) and the Small Enterprise Finance Agency (sefa) have launched a R2.7-billion Youth Fund aimed at creating millions of sustainable jobs. The launch took place at Langa township in...
Aug 15, 2014
Compared with Europe, where more than 70% of corporates outsource the finance and management of their fleet, the South African market is well behind the global trend, says Eqstra Fleet Management (EFM) head of consulting Hein du Plessis. Only 30% of companies in...
 
 
 
 
Aug 15, 2014
Newly appointed ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty delivered an unambiguous ‘production first’ message in his inaugural interaction with the investment community on Friday, saying his management team was committed to “fill the mills, produce to...
Aug 14, 2014
Diamond development company Firestone Diamonds has started the disposal process for its Botswana assets. The assets, which would be sold through a competitive disposal process to be managed by South Africa-based corporate finance adviser Questco, included the BK11...
Aug 12, 2014
Trading of the TSX-V-listed stock of Burkina Faso-focused project developer True Gold on Tuesday started on a high note, after the company late on Monday announced that precious metals streaming firms Sandstorm Gold and Franco-Nevada joined forces to provide it with...
Aug 12, 2014
Current expectations in the automotive industry are for the domestic new vehicle market to decline to around 619 000 units in 2014, down from the 651 745 units sold in 2013, says Absa vehicle and asset finance head Wessel Steffens. “Interest-rate sensitive sectors in...
Aug 11, 2014
Cape Town will not have tolled freeways like Gauteng, the South African National Roads Agency Limited (Sanral) said on Sunday. "Firstly, whereas in Gauteng we went out to borrow money in order to build the road, with Cape Town we will be appointing a concessionaire...
Aug 08, 2014
A new report has revealed that nine out of ten of more than 5 000 “desktop Internet users” surveyed from May to June accessed the Internet through their smartphones. The August edition of the South African Mobile Report, undertaken by digital audience, brand and...
Aug 06, 2014
South Africa-focused thermal coal producer Continental Coal on Wednesday announced that it had successfully arranged a fully underwritten nonrenounceable pro rata rights issue to raise about A$35.1-million to recapitalise the company’s balance sheet. The offer, for...
Aug 01, 2014
Aug 01, 2014
Steel producer ArcelorMittal South Africa (AMSA) has confirmed that the reline project at its Newcastle mill, in KwaZulu-Natal, has hit snags and that the project, which was initially expected to be completed four months after the May 12 shutdown began, will be...
Aug 01, 2014
Human Settlements Minister Lindiwe Sisulu was considering the formation of a Women Construction Bank to focus on financing women-led cooperatives and construction companies involved in community infrastructure and human settlements projects. Delivering a keynote...
 
 
 
 
Aug 01, 2014
As South Africa-focused thermal coal producer Continental Coal progressed a A$35.1-million rights issue and a recapitalisation plan, a proposed listing on the JSE has been postponed and trading halts on the Aim and ASX remained firmly in place. Trading in the...
Aug 01, 2014
RICE TAG The real costs of operating Rea Vaya have become clear
Phase 1A of Johannesburg’s Rea Vaya bus rapid transit (BRT) system should carry around 42 000 people a day, while it was been expected that Phase 1B, rolled out last year, would add another 60 000 daily passengers. However, the entire system is currently carrying...
Jul 31, 2014
BIG-hearted staff from Southport engineering firm Lattimer have smashed through the £10,000 charity fundraising barrier after completing a gruelling 50-mile trek across the Pennines. Lattimer finance director Carl Stead and engineer Richie Lewis took part in Trek 50,...
Jul 25, 2014
Responding in writing to a recent Parliamentary question by the Democratic Alliance, Transport Minister Dipuo Peters has provided an update for each of the country’s 13 bus-rapid transport (BRT) systems, noting that each network is at a different stage of...
Jul 25, 2014
Sacci CEO Neren Rau
Neren Rau, South African Chamber of Commerce and Industry (Sacci) CEO, sat down with Tracy Hancock of Engineering News to speak about the career path that led to his employment at Sacci and his next career move As Neren Rau nears the end of his second contract at...
Jul 23, 2014
Canadian gold producer San Gold this week signed a nonbinding letter of intent to buy TSX-listed Kerr Mines in an all-scrip deal that would see San Gold take control of the Copperstone gold mine, in Arizona. San Gold president and VP of finance Gestur Kristjansson on...
Jul 23, 2014
The World Bank group and the Swiss State Secretariat for Economic Affairs (Seco) on Wednesday signed an agreement for a four-year $4.12-million multidonor trust fund programme to support efforts by the South African government to strengthen its financial regulatory...
Jul 23, 2014
Iron-ore developer Iron Road has undertaken an optimisation study on its flagship Central Eyre project, in South Australia, with the aim of increasing production from 21.5-million tonnes a year to 24-million tonnes a year. A previously conducted definitive...
Jul 18, 2014
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
Jul 18, 2014
The entire Rea Vaya system is carrying only 35 000 people per weekday on average, says Rea Vaya finance and administration director Brendan Petersen.
 
 
 
 
Jul 18, 2014
The International Chamber of Commerce (ICC) released its Global Survey 2014: Rethinking Trade and Finance on July. This is its largest and most comprehensive survey to date, including data from 298 banks across 127 countries. The survey concludes that the growth rate...
Jul 14, 2014
The introduction of the amended Broad-Based Black Economic-Empowerment Codes of Good Practice on May 1, 2015, could result in more than half the economy becoming noncompliant. The revamped codes were published on October 11, 2013, and the transitional period was...
Jul 11, 2014
Phase 1A of Johannesburg’s Rea Vaya bus rapid transit (BRT) system should carry around 42 000 people a day, while it had been expected that Phase 1B, rolled out last year, would add another 60 000 daily passengers. However, the entire system was currently carrying...
Jul 11, 2014
AWAITING OPPORTUNITIES SMS group, through its office in Johannesburg, is well placed to provide plant equipment for steel plants in Africa
Steel plant processing technology, equipment and services specialist SMS Siemag, a division of SMS group, supplier of processing technology, equipment and services for the ferrous, ferro-alloy and non-ferrous metals industries, says there is potential to establish...
Jul 11, 2014
General Electric (GE) South Africa's R500-million investment into a customer innovation centre (CIC) in Gauteng and another R200-million into a supplier development vehicle (SDV) to promote job creation and skills development among the country's black small and...
 
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