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Paragon sponsors UJ’s Graduate School of Architecture

     17th November 2017 The main sponsor of the Summer Show 2017 at the University of Johannesburg’s (UJ’s) Graduate School of Architecture (GSA) in November is leading architecture, interior design, and space-planning practice Paragon of Sandton, Johannesburg. Paragon has a long association with UJ’s Graduate School of... 

African models boost construction development

By: Marleny Arnoldi     17th November 2017 Owing to various African countries’ having secured sovereign funding for construction projects that are being planned or in the process of implementation, these countries have the potential to promote rapid gross domestic product (GDP) growth, says consultancy firm WSP.  

Global wind power continues to propel forward in 2017

By: Kim Cloete     16th November 2017 China is surging ahead in wind power, blowing away the US – the world’s second-largest wind power market – by a long margin, while African countries are making more inroads despite facing challenges, delegates attending the yearly Windaba conference and exhibition, in Cape Town, have heard.... 

Ghana opens talks with Exxon on deepwater drilling contract

By: Reuters     14th November 2017 Ghana has opened talks with Exxon Mobil Corp to allow the US oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday. "The negotiations are ongoing according to our current laws ... so far so good," Mohamed Amin Adam told Reuters on the sidelines of an... 

Tullow Oil raises FY production guidance on Ghana fields

By: Reuters     13th November 2017 Tullow Oil raised its production guidance on Wednesday, aided by higher output from its TEN and Jubilee fields in Ghana. The company now expects full-year West Africa net oil production, including production-equivalent insurance payments, to come in at 85 000 bbl/d to 89 000 bbl/d, compared with... 

Company expands fluid technology services

     10th November 2017 Industrial product supplier Bearing Man Group’s (BMG’s) strategy to enhance its fluid technology services to meet growing market demand, encompasses the introduction of new products, with the latest developments in design technologies, materials and coatings. The company’s extensive range of... 

Uber reaches almost 1-million users in South Africa

By: Irma Venter     9th November 2017 The longest Uber trip on record in sub-Saharan Africa happened in South Africa this year – 3 190 km from Cape Town to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

Khato Holdings is making great strides in Botswana and other SADC states 

     9th November 2017 Khato Civils has also established a country office in Botswana, where it has 60-million pula of equipment and has bought a 4 ha site on which to construct its head office in the country. Khato Civils CEO Mongezi Mnyani explains that the building plans are in the last stages of being approved by... 

Tullow Oil raises FY production guidance on Ghana fields

By: Reuters     8th November 2017 Tullow Oil Plc raised its production guidance on Wednesday, aided by higher output from its TEN and Jubilee fields in Ghana. The company now expects full-year West Africa net oil production, including production-equivalent insurance payments, to come in at 85 000 bbl/d to 89 000 bbl/d compared... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Uber bullish on Africa despite opposition from local taxi firms

By: Reuters     7th November 2017 Ride-hailing service Uber Technologies is growing rapidly in sub-Saharan Africa and considering moves into more markets, despite sometimes violent opposition from metered taxi drivers, a senior executive said on Tuesday. Uber's service has triggered protests by rivals from London to New Delhi as... 

AngloGold achieves strong Q3 performance, on track to meet FY guidance

By: Mia Breytenbach     6th November 2017 Johannesburg- and New York-listed AngloGold Ashanti generated free cash flow of $88-million in the third quarter of this year, following strong production and cost containment across its portfolio, and remains on track to meet its full-year guidance.  The free cash flow for the quarter, compared... 

Asanko reports improved Q3 operational, financial performance

By: Natasha Odendaal     3rd November 2017 Encouraging third-quarter operational results have translated into an improved financial performance for dual-listed Asanko Gold. The Canadian junior miner on Friday reported a 21% quarter-on-quarter increase in cash flow from its operations to $40.7-million. 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Ghana govt approves Azumah deal

By: Esmarie Swanepoel     27th October 2017 The Ghanaian Minister of Lands and Natural Resources has approved ASX-listed Azumah Resources’ A$17-million agreement with Ibaera Capital Fund. The agreement, which was announced in early August, will see Ibeara earn an initial 42.5% interest in Wa by spending $11.25-million over a two-year... 

Steady demand for customisable stainless steel products

By: Robyn Wilkinson     27th October 2017 Owing to its strong reputation for customisable turnkey solutions, there is steady and strong demand for stainless steel processing equipment manufacturer Anderson Engineering’s products throughout the African markets that it serves, says Anderson Engineering deputy MD David Nienaber. 

Amandi Energy power plant, Ghana

By: Sheila Barradas     27th October 2017 Amandi Energy plans to build a combined-cycle, dual-fuel power plant in Aboadze. 

Nigeria's gasoline price cap hurting industry, costing economy

By: Reuters     26th October 2017 Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates at the OTL Expo in Lagos said on Wednesday. Gasoline is a highly charged subject in Nigeria, Africa's largest oil exporter. President... 

ASEAN – African manufacturers, tech firms to meet at Expo and Forum

     25th October 2017 Manufacturers and technology firms from across South-East Asia and Africa are set to converge in Johannesburg next month for the first Africa-ASEAN Business Expo (AABE) and Forum. 

West African leaders plan shared currency by 2020

By: Reuters     25th October 2017 A group of four West African presidents said on Tuesday they planned steps to accelerate the creation of a shared currency for the 15-country Ecowas bloc by 2020, according to a joint statement. The future currency, whose name is yet to be determined, would replace the dominant CFA Franc... 

Goldplat increases gold sales in Sept quarter

By: Mia Breytenbach     24th October 2017 Aim-listed gold producer Goldplat has achieved a 95% year-on-year increase in gold sales to 14 374 oz for the quarter ended September 30. "With operational profitability achieved at all operations and good progress being made on our strategic objectives, I am very pleased with the results for the... 

Cardinal raises C$12.5m for Ghana gold project

By: Esmarie Swanepoel     24th October 2017 Dual-listed Cardinal Resources on Tuesday announced that it would raise C$12-million to fund exploration and development work at the Namdini gold project, in Ghana. The company told shareholders that it had struck an agreement with a syndicate of underwriters under which the underwriters had... 

Gold Fields maintains production guidance, but South Deep to miss FY target

By: Creamer Media Reporter      23rd October 2017 JSE- and NYSE-listed Gold Fields still expects to meet its full-year production guidance of 2.10-million to 2.15-million ounces, despite the fact that output from its South African South Deep mine for the full year is likely to be 5% to 10% below guidance of 315 000 oz. The gold miner, which on... 

Lafarge Africa seeks approval to launch 132bn naira rights issue

By: Reuters     23rd October 2017 Cement maker Lafarge Africa is expecting regulatory approval from Nigerian authorities for a 131.65-billion naira ($431.43-million) rights issue as it focuses on Nigeria for growth and expands into Ghana, its chief financial officer said on Friday. As part of its plan to refinance its debt, the... 

Asanko optimistic following encouraging Q3 production

By: Natasha Odendaal     20th October 2017 Despite three mill motor outages impacting on output in July and August, the third quarter of the year ended on a more positive note for dual-listed Asanko Gold, with the company maintaining its revised guidance of 205 000 oz to 225 000 oz of gold for the full year. While the Asanko Gold Mine... 

Clarifying sustainability reporting imperative for modern business

By: Robyn Wilkinson     20th October 2017 A clear and shared sustainability reporting framework is integral for enabling companies to demonstrate a positive impact on not only the economies but also the societies and environments in which they operate, says independent international organisation Global Reporting Initiative (GRI) CE Tim... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

New business model drives group’s resurgence in Africa

By: Robyn Wilkinson     20th October 2017 Economic growth in Africa is ensuring a steady demand for infrastructure development and by tailoring its business model to access this demand, engineering services provider ELB Group has enhanced its activities on the continent and announced a return to profitability. 

Zuma unveils OR Tambo statue in commemoration

By: Sane Dhlamini     19th October 2017 The life of former African National Congress (ANC) president Oliver Reginald Tambo was commemorated on Thursday with the unveiling of a new statue of the former anti-apartheid struggle stalwart at international arrivals at the OR Tambo International Airport in Johannesburg. President Jacob Zuma... 

Edikan on track to meet full year guidance

By: Esmarie Swanepoel     16th October 2017 ASX- and TSX-listed gold miner Perseus Mining remains on track to meet its half-year production targets of between 110 000 oz and 125 000 oz, following a strong September quarter. The Edikan mine, in Ghana, produced 51 309 oz of gold during the three months under review, which was on par with... 

Ashanti Gold’s sampling programme showing good gold recovery potential at Anumso

By: Natasha Odendaal     13th October 2017 Recently completed and assayed soil grab samples from the Anumso gold project, in Ghana, have revealed “exciting new target discoveries”, with preliminary metallurgical testwork on material showing “very encouraging” results with high levels of gold recovery. In an exploration update to the... 

Italian company ensures engineering success in KZN

By: Robyn Wilkinson     13th October 2017 As it celebrates its sixtieth year in South Africa, Italian multinational engineering solutions provider Maccaferri will complete the construction of one of the country’s largest surfaces of mechanically stabilised earth walls to date – at 10 000 m2 – at the Mount Edgecombe interchange, in... 

Powertech Switchgear land a big deal with Eskom

     13th October 2017 The tender for Eskom’s distribution and transmission MV AIS switchgear was issued in 2015 and Powertech Switchgear seized the opportunity to submit on tender obligation. The tender was awarded in March 2017 and Powertech Switchgear managed to gain five years of supply. Eskom requirement is to... 

BMG launches R400m World site facility in Gauteng 

     12th October 2017 Technical solutions provider BMG, which is part of Invicta Holdings, has officially launched its BMG World site, in Johannesburg last month. Mia Breytenbach tells us more. 

South Africa vulnerable to any sharp rise in global rates, World Bank warns

By: Terence Creamer     11th October 2017 A quicker and sharper-than-expected normalisation in interest rates in the US could trigger a reversal in capital flows to South Africa, the World Bank’s latest ‘Africa’s Pulse’ warns, adding that any sharp increase in global interest rates could also complicate debt dynamics for sub-Saharan... 

MTN appoints new Seagha region VP

By: Anine Kilian     6th October 2017 MTN has appointed Ebenezer Asante VP of its expanded Southern, East Africa and Ghana (Seagha) region. The new Seagha region will comprise the mobile operations in Ghana, Uganda, Rwanda, Zambia, South Sudan, Botswana and Swaziland, as well as the MTN Internet service providers in Kenya, Namibia... 

Manufacturer strives to meet industry demands

By: Nica Schreuder     6th October 2017 With demand for pump efficiency prevalent in the past five to ten years, industrial equipment supplier Rand Transmission South Africa (SA) has changed and aligned its product range to meet market requirements and demands. Despite Rand Transmission South Africa’s products only accounting for... 

AB InBev completes $3.15bn Coca-Cola Beverages Africa transition

By: African News Agency      5th October 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) on Thursday announced that it has completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion after customary adjustments. This comes after AB InBev last year acquired SABMiller for... 

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