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Topic - Finance
Feb 12, 2016
Kelibone Masiyane has been appointed the new MD of PPC Zimbabwe, succeeding Njombo Lekula, who had recently been redeployed as MD of PPC’s international operations. Masiyane would be supported by new PPC commercial director Iain Sheasby and new PPC GM of finance...
Feb 12, 2016
Demand for shipping containers as an alternative building material has increased across South Africa and the continent, with many companies discovering both uses and a wide variety of creative and socially uplifting applications for them, from student accommodation...
Feb 12, 2016
This week, we feature Brian Frederick Kuhnert, MD of Gedore Tools, a manufacturer, importer and distributor of hand tools and equipment
Feb 12, 2016
Development finance institutions and export credit agencies, the largest funders of African infrastructure projects, are creating an environment for more investment in the continent’s infrastructure, says global law firm Baker & McKenzie South Africa banking and...
Feb 12, 2016
The 50 MW Khi Solar One has started commercial operation.
Feb 12, 2016
Demand for shipping containers as an alternative building material has increased across South Africa and the continent, with many companies discovering uses for them and a wide variety of creative and socially uplifting applications, from student accommodation to...
Feb 11, 2016
Zambia's economy is expected to expand by 3.7% this year, largely stable from last year but could grow more than four% in 2017, the deputy finance minister said on Wednesday. An electricity shortage in Africa's no 2 copper producer has stunted the mining sector,...
Feb 10, 2016
African Utility Week power and water conference and expo, is the largest global meeting place for African Utilities bringing together senior decision makers from utilities, governments, large power users, IPPs, consultants, contractors and regulators to source the...
Feb 08, 2016
Feb 04, 2016
Feb 04, 2016
Feb 03, 2016
Feb 03, 2016
Thuli Madonsela
Public Protector Thuli Madonsela is consulting with her legal team before issuing a response to President Jacob Zuma’s proposal to pay back some of the money spent on the upgrades at his Nkandla homestead in KwaZulu-Natal. “The public protector needs to consider what...
Feb 03, 2016
President Jacob Zuma has proposed an end to the drawn-out legal controversy regarding the public protector’s March 2014 report on Nkandla: 'Secure in Comfort', the Presidency said in a statement on Tuesday evening. "While President Zuma remains critical of a number...
Feb 02, 2016
As of April 1, 2016, Jan Willem Jongert will join the Executive Board of Wacker Neuson SE. In his new role as Chief Sales Officer , Mr. Jongert will be responsible for the global sales, service, logistics and marketing activities of the Wacker Neuson Group. New...
Feb 02, 2016
ASX-listed Australian Pacific Coal (APC) has raised A$20-million to fund its acquisition of an 83.33% interest in the Dartbrook joint venture (JV), in New South Wales. In December last year, APC inked an agreement with diversified miner Anglo American to acquire the...
Feb 02, 2016
Metals hopeful TNG has signed a heads of agreement (HoA) with global engineering firm SMS Group to design and construct the TIVAN downstream refinery at the Mt Peak vanadium/titanium/iron project, in the Northern Territory. Under the HoA, SMS would undertake a full...
Feb 02, 2016
Finance Minister Pravin Gordhan
South African Finance Minister Pravin Gordhan has pledged to defend the country’s credit rating and avoid it being downgraded to junk status, he told the Financial Times. Standard & Poor’s changed its South Africa outlook from stable to negative in December on its...
Jan 29, 2016
Water use and preservation will be a strong focus for the sixteenth African Utility Week and Clean Power Africa conference and trade exhibition that will be held on May 17 to 19 at the Cape Town International Convention Centre.
Jan 29, 2016
Event organising company Exhibition Management Services (EMS) will launch two logistics-oriented exhibitions, Cape Logistics and Temperature Controlled Storage and Distribution Africa (TCSD), which will be co-located with the Cape Industries Showcase.
Jan 29, 2016
Despite the rate of growth of the South African materials handling and logistics industry advancing slower than comparable sectors in its Brics trade bloc partner countries Brazil, Russia, India and China, for the past two years, audit, tax and advisory services firm...
Jan 28, 2016
Agriculture was becoming a preferred investment destination, said financial services group Standard Bank secondary agriculture senior manager Bertie Hamman this week. “By investing in agriculture, you lay the cornerstone of all economic and social upliftment...
Jan 27, 2016
One of the largest vanadium-flow batteries in the world has been commissioned in China, reveals TSX-V-listed Sparton Resources, Sparton’s subsidiary VanSpar Mining played a critical role in raising finance for the Zhangbei project’s 8 MWh vanadium-flow battery that...
Jan 27, 2016
The United Nations has urged South Africa to introduce controls on short-term capital movements in and out of the country, to prevent further large depreciations of the rand. Adam Elhiraika, director of macroeconomic policy at the UN Economic Commission for Africa...
Jan 26, 2016
Greenland's push to extract rare earth metals will remain a contentious political issue for years to come because the mining also produces uranium as a by-product, the nation's finance minister told Reuters. Greenland has been opening up to foreign companies with...
Jan 22, 2016
South African President Jacob Zuma missed a Davos panel talk on Africa on Thursday, the continent's top showcase at the alpine gathering, prompting questions about his commitment to drumming up interest in his country's struggling economy. Zuma's office denied he was...
Jan 22, 2016
The sixteenth African Utility Week and Clean Power Africa conference and trade exhibition, which will be held in Cape Town from May 17 to 19, is expected to host 6 000 engineers, stakeholders and solutions providers from around the world, who will be exposed to 250...
Jan 21, 2016
IMF MD Christine Lagarde
The International Monetary Fund said it plans an open selection process for its top job and will begin accepting nominations on Thursday, even though Christine Lagarde has said she is open to another term leading the crisis lender. Lagarde's initial five-year term as...
Jan 19, 2016
Democratic Alliance finance spokesman David Maynier on Tuesday said economic policy failures were in part to blame for the International Monetary Fund’s drastically revised growth forecast for South Africa. He said there was now more pressure on President Jacob Zuma...
Jan 18, 2016
Aim-listed Premier African Minerals expects to update its resource estimate at its RHA tungsten mine, in Zimbabwe, before month-end, following the completion of an underground implementation study. The preparation of the update was delayed following the need to...
Jan 15, 2016
Torbjörn Christensson
It is highly unlikely that the board of the AB Volvo Group will invest in South Africa in 2016 as it did in 2015, says Volvo Group Southern Africa (VGSA) president Torbjörn Christensson. The truck and heavy equipment group invested more than R100-million in the...
Jan 15, 2016
The DeGrussa solar power plant will be the largest integrated off-grid solar and battery storage facility in Australia.
Jan 15, 2016
Since the new Chinese government came to power in 2013, it has proposed a host of new strategies to realise the “Chinese Dream” says ENS Africa China practice group head Kenny Chiu. One of the more significant strategies, led by Chinese President Xi Jinping, is known...
Jan 11, 2016
Jacob Zuma
National Assembly Speaker Baleka Mbete has agreed to a Democratic Alliance (DA) request to schedule a motion of no confidence in President Jacob Zuma. Mbete, in a letter to DA leader Mmusi Maimane, said the motion would be published in the first available order paper...
Jan 08, 2016
The rand is currently at the mercy of external factors, analysts said on Friday. They were responding to the rand hitting R16.20 to the greenback on Thursday before consolidating trade for the rest of the day at around R16.10/$.
Jan 05, 2016
Dual-listed gold miner Caledonia Mining has declared its ninth quarterly dividend of $0.1125 a share. Following its recent move to report its financial statements in US dollars, the company revised its quarterly dividend policy to pay $0.1125 each quarter, amounting...
Jan 05, 2016
Development finance company Africa Finance Corporation (AFC) has appointed David Johnson as chief risk officer. He would succeed Roger Ellender, who would retire.   Prior to this appointment, Johnson served as AFC’s market risk management VP.
Jan 04, 2016
Foreign investors suffered huge losses in most African stock markets in 2015, as the continent faced foreign exchange pressures and low commodity prices. While investors in Botswana and South Africa recorded some gains in local currencies, weakening currencies...
Jan 04, 2016
Industry leaders in seven categories will be honoured for their outstanding contributions to the mineral exploration and mining sector at the Prospectors & Developers Association of Canada’s 2016 Convention. The annual awards showcase the best domestic and...
Jan 04, 2016
The 13th annual West African Power Industry Conference will take place at the Eko Hotel, Lagos, Nigeria 16-17 November 2016. The event is West Africa’s largest strategic power and energy conference and trade exhibition aimed at accelerating power supply and driving...
Jan 04, 2016
The Presidency has described the criticism by the DA of the final report of the Commission of Inquiry into Allegations of Fraud, Corruption, Impropriety or Irregularity in the Strategic Defence Procurement Package as “unwarranted” and “irresponsible”. The Arms...
Dec 24, 2015
SA Cabinet approves 9 600 MW nuclear procurement programme.
A Government Gazette notice released by the Department of Energy on December 21 has confirmed Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme. This means the department can now call for quotes for the tendering process to begin.
Dec 17, 2015
Grounded airline Skywise has questioned how the Airports Company South Africa (Acsa) could refuse to grant it a 48-hour reprieve to pay R2-million when the entire South African economy has been thrown into turmoil indirectly through South African Airways' (SAA's)...
Dec 16, 2015
According to the Automobile Association, sliding global oil prices have offset the rand's plunge to all time lows against the dollar following Zuma's axing of Nhlanhla Nene last Wednesday to replace him with largely unknown ANC MP David van Rooyen. Zuma's U-turn on...
Dec 16, 2015
Australia’s export credit agency Export Finance and Insurance Corporation (Efic) was optimistic that the country’s small- and medium-sized (SME) exporters would benefit from the expansion of the Oyu Tolgoi copper-gold mine, in Mongolia. Mining giant Rio Tinto this...
Dec 14, 2015
Pravin Gordhan
Pretoria - Newly-appointed Finance Minister Pravin Gordhan has assured the nation that sound fiscal management will be a priority for him and his department. "We will stay the course of sound fiscal management. Our expenditure ceiling is sacrosanct. We can have extra...
Dec 11, 2015
Former Finance Minister Nhlanhla Nene
Cabinet was in the dark regarding the sacking of former finance minister Nhlanhla Nene, Minister in the Presidency Jeff Radebe said on Friday. “This is a post Cabinet briefing and Cabinet happened on Wednesday. At the conclusion of the Cabinet meeting, there was no...
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