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Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Tullow Oil hit by payment delay, but sees higher output

By: Reuters     16th January 2019 A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production. The Africa-focused company said it expected production... 

Alstom, APIX celebrate Coradia Polyvalent’s first journey in Senegal

By: Tasneem Bulbulia     15th January 2019 Integrated transport systems provider Alstom and APIX, the agency responsible for the promotion of investment and major works in Senegal, this week celebrated the first voyage of the Coradia Polyvalent train, in Dakar. The event took place in the presence of Senegal President Macky Sall and... 

Senate democrats will force vote on sanctions of Deripaska firms

By: Bloomberg     14th January 2019 US Senate Minority Leader Chuck Schumer says he will force a vote on a measure to block the Treasury Department’s plans to lift sanctions on three Russian companies linked to oligarch Oleg Deripaska, who is reported to be under scrutiny by Special Counsel Robert Mueller in his probe of Moscow... 

Congo poll leaves uncertainty for miners at heart of EV revolution

By: Reuters     14th January 2019 The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila – has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading... 

World Gold Council believes gold will become more relevant in 2019

By: Simone Liedtke     10th January 2019 The World Gold Council (WGC) has said it believes gold will become even more relevant this year owing to “its proven record” for delivering returns, its low correlation to major asset classes, its liquidity and its risk-adjusted returns. Looking ahead, the council expects gold demand to benefit... 

Sika CEO says buying Parex means a pause on large acquisitions

By: Reuters     8th January 2019 Sika will pause on making further large scale acquisitions after the Swiss construction chemicals company's largest-ever deal to buy France's Parex worth 2.5 billion Swiss francs ($2.55 billion) on Tuesday. Sika has been linked with the construction chemicals business of BASF, which could be... 

Ghosn says he's innocent in first appearance since arrest

By: Bloomberg     8th January 2019 Carlos Ghosn rejected prosecutor claims of financial wrongdoing in the car titan’s first public comments since his shock arrest in Japan almost two months ago. “I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations,” the former chairperson of Nissan... 

Africa 2019 – The Optimist's View

By: Creamer Media Reporter      8th January 2019 Is there a new scramble for Africa? Why should Africa be confident? These and other questions are eloquently ventilated at the plethora of Africa Investment conferences – including our own Hogan Lovells Africa forums in London and Johannesburg –and 2018 has been no different. 

Weaker times ahead for global equity markets, particularly South Africa – economist

By: Marleny Arnoldi     7th January 2019 Citadel advisory partner and chief economist Maarten Ackerman says global equity markets, especially in the US, have enjoyed upward trends after the financial crisis of 2008/9, until recently. He notes that while economic growth around the world in 2018 was sound, leading to solid company... 

Volatile rand has Namibia mulling an end to 25-year currency peg

By: Bloomberg     21st December 2018 Namibia is growing tired of the economic pain caused by the volatile South African rand and is considering ending a 25-year-old peg to the currency of its larger neighbor. The government in Windhoek is weighing options to amend the currency arrangement or forge a new path for the Namibian... 

African countries urged to sign Luxembourg Protocol at Zimbabwe PIDA meeting

By: African News Agency      27th November 2018 African countries have been urged to sign the Luxembourg Protocol by Soteri Gatera, the chief of industrialisation and infrastructure at the Economic Commission for Africa (ECA). Gatera made the call during his presentation titled, ‘The Luxembourg Rail Protocol: Railway Rolling Stock Financing –... 

Petrobras to sell stake in Africa unit to Vitol-led group for $1.5bn

By: Reuters     1st November 2018 Brazil's Petroleo Brasileiro SA will sell its 50% stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53-billion, the latest step in the state-controlled oil company's debt reduction drive, according to a securities filing on Wednesday. The other... 

Cartrack aims for a million-plus subscribers by 2020

By: Irma Venter     31st October 2018 Cartrack should truly reach economies of scale in the next 24 months, when the mobile asset management and asset recovery company should reach one-million global subscribers, says CEO Zak Calisto. Speaking in Johannesburg as he announced Cartrack’s financial results for the six months ended... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Offgrid firm BBOXX targets two new African markets with EDF – CEO

By: Reuters     30th October 2018 UK-based off-grid power company BBOXX is looking to enter two new African markets in partnership with France's EDF Group next year as it capitalises on growing interest in the sector from large energy companies, its chief executive said on Monday. The two companies announced last week that the... 

O’MEGA1 floating solar plant, France

By: Sheila Barradas     26th October 2018 The project entails the construction of the first floating solar power plant in France and the most powerful in Europe.  

Shoprite to pay South African customers for reusing plastic bags

By: Reuters     23rd October 2018 Shoprite Holdings, South Africa's biggest supermarket chain, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag as it joined domestic rivals in efforts to curb plastic pollution. Supermarkets have come under increased pressure to cut their use of plastic as... 

Pollutec 2018 shines the spotlight on Burkina Faso

By: Tasneem Bulbulia     23rd October 2018 Pollutec 2018, which will mark the fortieth anniversary of this international environmental trade show, is set to cover 14 key industry sectors, and focus keenly on Africa – notably Burkina Faso – as well as other key regions, such as South America and South-East Asia. Pollutec has featured an... 

Uranium market's Aramco unveils London IPO despite Trump threat

By: Bloomberg     22nd October 2018 The initial public offering (IPO) of the world’s largest oil producer Saudi Aramco may be on the back burner, but the IPO of its uranium-market equivalent is full steam ahead. Kazatomprom, the world’s No. 1 producer of the nuclear fuel, on Monday said it would list as much as 25 percent of its... 

Starbucks Evolves Structure in EMEA to Accelerate Long-Term Strategic Growth

22nd October 2018 Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support... 

Plain packaging suggested as safety measure

By: Thabi Madiba     19th October 2018 To reduce tobacco-related deaths that are estimated to amount to seven-million people a year globally, the Department of Health published a proposed Control of Tobacco Products and Electronic Delivery Systems Bill in May for broader public comment, which will regulate all tobacco products to be... 

Aventics offers online service and product portal

19th October 2018 Pneumatic components and systems manufacturer Aventics will now offer their customers in Germany, France and Spain an innovative service and product portal. The online portal helps to quickly and easily find information on components and solutions tailored to the requirements of engineers and... 

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Germany's Voith to supply more turbines for Ethiopia's Renaissance Dam

By: Reuters     18th October 2018 German mechanical engineering conglomerate Voith has signed an agreement to supply turbines for a $4-billion dam Ethiopia is building along the River Nile, state-affiliated media said on Wednesday. The 6 000 MW Grand Renaissance Dam is the centrepiece of the Horn of Africa country's bid to become... 

Brink Towing Systems SA secures additional export volumes

By: Irma Venter     16th October 2018 An unexpected surge in demand will see Brink Towing Systems South Africa (SA) in October and November export almost 10 000 additional units to its parent company, the Brink Group, in the Netherlands. Brink Towing Systems SA is the largest manufacturer of tow bars in the domestic market, and... 

Microplastics are everywhere

16th October 2018 Science shows us that increasingly we are surrounded by tiny fragments of plastic, known as microplastics. They are not just in the oceans but also on land, in rivers, wetlands, soil and even in the air. A problem this pervasive will take a concerted effort from governments, businesses,... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

CAME Group parking solutions for revenue generation

By: Shannon de Ryhove     12th October 2018 Global technology company CAME, a group well-known in Italy and worldwide, has been operating in the home and building automation sector for over forty years. Cutting-edge technologies, soundness, efficiency and design are among the principles that guide the company in the design and... 

New bitumen binding application introduced

By: Halima Frost     12th October 2018 Transport infrastructure specialists Bouygues Group’s South African subsidiary Colas has introduced Colbifibre – its latest bitumen binding process – for use on deteriorating roadways. Colbifibre is a new process aimed at road surfaces that have suffered significant wear and tear. It combines its... 

Rio Tinto to restart sale of Icelandic aluminium plant – sources

By: Reuters     10th October 2018 Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350-million, two sources familiar with the matter said. The assets include a 53% stake in a Dutch anode facility and 50% of the shares in a Swedish... 

Chryso Group Announces Another Key Acquisition

9th October 2018 The Chryso Group, with head office in France and represented locally by the Chryso Southern Africa Group, has announced another acquisition. The leading player in chemistry for construction materials, has expanded its admixture business in Ireland with the acquisition of Chemtec Admixtures... 

Woolworths to trial plastic bag free store

By: Reuters     9th October 2018 South African department store chain Woolworths Holdings will remove single-use plastic bags from one of its stores during a six-month trial period in a bid to end plastic pollution, it said on Monday. From November, Woolworths, which also has operations in Australia and New Zealand, will not... 

South Africa researching hydrogen storage for platinum-using fuel cells

By: Martin Creamer     5th October 2018 South Africa’s Council for Scientific and Industrial Research (CSIR) is researching innovative hydrogen storage technologies that have the potential to be key enablers of platinum-catalysed fuel cells, which generate clean electricity using hydrogen as a fuel and platinum as a catalyst. The... 

Morland Mixité Capitale, France

By: Sheila Barradas     28th September 2018 Morland Mixité Capitale is one of the first Reinventing Paris projects to be launched. 

Local strides to hydrogen economy tempered by cost, industrialisation questions

By: Schalk Burger     27th September 2018 The use of platinum group metals-based fuel cells in electricity and mobility applications is expected to provide ample commercial opportunities for South Africa, in line with worldwide trends to decarbonise electricity generation and transport. However, the high cost of these technologies,... 

Global crude steel production rises 2.6% y/y in August

By: Simone Liedtke     25th September 2018 Global crude steel production increased by 2.6% year-on-year to 151.7-million tonnes in August, the World Steel Association (worldsteel) reports. According to the data, which was released on Tuesday, China’s crude steel production for August was 80.3-million tonnes, an increase of 2.7% compared... 

Greater demand for transparency needed in African real estate industry

By: Simone Liedtke     20th September 2018 There is a growing acknowledgement of the central role that a transparent real estate sector plays in providing healthy, productive and competitive environments for communities and businesses, investment management company JLL global research head Jeremy Kelly said on Thursday. Market... 

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