R/€ = 16.27 Change: 0.02
R/$ = 14.39 Change: 0.01
Au 1238.00 $/oz Change: -0.07
Pt 783.50 $/oz Change: -9.03


Disappearing forests

By: Martin Zhuwakinyu     2nd November 2018 In rather melodramatic fashion, one journalist, writing in June this year, portrayed the rate at which the world is losing its forests thus: “Image looking down on huge swathe of lush forest – but before you can pull out your phone to take a picture, it’s gone.” A look at the latest tree cover... 

Manufacturer supplies stainless steel diesel field stoves to SANDF

26th October 2018 Manufacturer and exporter Desert Wolf plays an instrumental role in project teamster, which is the new South African National Defence Force (SANDF) project to upgrade the complete field kitchen facilities for the defence force and is currently supplying it with a range of stainless steel diesel... 

Unlock true potential of Africa by empowering its youth

26th October 2018 Africa evokes distinctive images of its natural wildlife and majestic landscapes. Of course, there is more to the Africa story, driven by its people, tremendous talent pool, and the untapped resources that will take the continent to the next level of growth in the coming years. 

Mali's first independent power project to start up next week

By: Reuters     25th October 2018 Mali's first independent power project – a €122-million ($139.06-million), 90 MW diesel plant – will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday. The new plant could spur more of the foreign investment Mali has struggled to attract... 

There is room for more ride-hailing services, says Taxify country manager

By: Irma Venter     23rd October 2018 Taxify believes there is room for another electronic ride-hailing service in South Africa. US-based Uber started operations in South Africa in 2013, with Estonia’s Taxify moving into the country in 2016. 

Africa Code Week 2018 accelerates community capacity building with significant Google support

22nd October 2018 Africa Code Week 2018 received a significant boost with the announcement of key partner Google's support of 53 non-profit organisations across 11 countries. This is the third consecutive year that Google is making micro grants available to organisations involved in implementing Africa Code Week's... 

Imbizo to promote green chemistry in South Africa

By: Natasha Odendaal     19th October 2018 The National Cleaner Production Centre of South Africa (NCPC-SA) is working steadily behind the scenes to promote and develop the concept of green chemistry, as part of a global initiative driven by the United Nations Industrial Development Organization (UNIDO) and Yale University’s Center for... 

African Chemicals Imbizo registers impressive growth

By: Natasha Odendaal     19th October 2018 The fourth African Chemicals Imbizo, to be held in Durban from October 24 to 25, is expected to be the largest one in its four-year history. Starting as a modest concept of meetings between members of the Durban Chemicals Cluster (DCC) – a public-private partnership between eThekwini municipality... 

Private-equity firm seeks out opportunities in Africa

By: Natasha Odendaal     19th October 2018 Fully black-owned private equity company Agile Capital is actively seeking to invest millions of rands into diverse sectors and companies with a solid presence across Africa. The pan-African group, formed in 2016 following the management buy-out of Zico Capital, has available capital of about... 

Containerised workshop facilitates hydraulic services

19th October 2018 Hydraulics components supplier Hytec Services Africa (HSA), part of hydraulic components supplier Hytec Group, has launched its mine site based containerised hose workshops to provide a comprehensive onsite hose and fittings service to its mining clients across Africa. Set up in refurbished and... 

Positives of migration

By: Martin Zhuwakinyu     19th October 2018 Television footage of desperate Africans drowning in the Mediterranean Sea en route to Spain and other European destinations that hold out the promise of a better life has become all too frequent. The International Organisation for Migration puts the cumulative toll since 2000 at 33 000, with... 

Sandoz launches global healthcare challenge access competition

By: Natasha Odendaal     19th October 2018 Novartis Group’s generics and biosimilars division Sandoz has launched its second Healthcare Access Challenge (HACk) in an effort to seek out broader digital solutions to local healthcare access challenges. The global Sandoz HACk competition is inviting entrepreneurs and innovators to submit... 

Perseus on track for full-year production

By: Esmarie Iannucci     18th October 2018 Dual listed gold miner Perseus Mining is on track to achieve its full year production targets after another strong quarter in the three months to September. The ASX- and TSX-listed company produced 72 477 oz of gold in the quarter under review, compared with the 83 881 oz produced in the June... 

Asanko tracking top end of H2 guidance

By: Mariaan Webb     17th October 2018 Mining operations at the Asanko Gold Mine (AGM) are ahead of plan, standing the Ghana joint venture (JV) operation in good stead to meet its full-year production guidance of 200 000 oz to 220 000 oz. The mine – a 50:50 JV between Asanko Gold and Gold Fields – produced a record 61 599 oz in the... 

Poverty comes with a data premium – Competition Commission hears 

By: Natasha Odendaal     17th October 2018 Just over a year since initiating a market inquiry into data services, the Competition Commission on Wednesday kicked off its three-day public hearings to obtain a clear understanding of what is causing or leading to high data prices, along with the current state of competition, in South Africa.... 

MeerKAT telescope described as 'a quantum leap forward'

By: Kim Cloete     16th October 2018 The launch of Ghana’s Kutunse radio telescope, as well as South Africa’s 64-dish MeerKAT telescope have been lauded as examples of what can be achieved when African countries work together in the interests of science and technology. South African Science and Technology Minister Mmamoloko... 

ACSA reports fall in earnings in line with lower aeronautical charges

By: Rebecca Campbell     12th October 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported recently that, despite declines in its revenues, profits, and earnings before interest, tax, depreciation and amortisation (Ebitda), it was... 

Initiated by Schneider Electric, New Pan-African and Non-profit Data Center Professional Association ADCA, launched at Datacloud in Marrakech

11th October 2018 The new association encompasses 60 members to date including 30 data center operators committed to boosting the African digital economy The President is Fatoumata Sarr Dieng, Director of Wholesales at Sonatel, Orange Schneider Electric chairs as Vice President 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Astron Energy appoints chair, CEO

By: Tasneem Bulbulia     9th October 2018 Astron Energy, previously Chevron South Africa (CSA), has appointed Mashudu Ramano chairperson and Jonathan Molapo CEO, with immediate effect. CSA was, last month, acquired by black economic empowerment consortium Off The Shelf Investments, which is chaired by Ramano, for $1-billion. 

Science fair affords students learnerships, prizes to promote science skills development

By: Marleny Arnoldi     5th October 2018 During the Eskom Expo International Science Fair, which was held from October 3 to 5, the Eskom Senior Grand Prize was awarded to a Curro Klerksdorp Grade 12 learner Aqil Variava, who developed the “pollution index” – a tool to investigate water quality. He won a R75 000 cash prize.  

Marine waste a pressing issue, but few solutions in sight 

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Marine waste a pressing issue, but few solutions in sight

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Integrated Solutions Key To Growing Africa’s Power Generation

4th October 2018 As African countries work to develop their power generation capacity in the most cost effective ways, the key will be to find integrated solutions that attract investment throughout the value chain. According to Alastair Gerrard, integrated solutions executive at Zest WEG Group, the energy sector... 

Every wealth journey is unique: Standard Bank Wealth teams up with famed sculptor to craft ‘barcoded’ clay work that showcases the art of uniqueness

3rd October 2018 As a leading patron of the arts, Standard Bank Wealth and Investment has commissioned African artist Nkosinathi Thomas Ngulube to develop a distinctive clay sculpture that reflects its own philosophy of sculpting award-winning services and solutions that grow, preserve and protect wealth.

Tullow Oil optimistic about prospects in Africa

By: Kim Cloete     2nd October 2018 Oil and gas exploration and production company Tullow Oil has outlined its sharper and deeper focus on Africa, with upbeat outlooks for its projects in both West and East Africa.   Despite a shift to cleaner energy and alternative energy sources, Tullow Oil also believes there will be strong... 

Group Five announces R1.43bn loss, Teixeira resigns

By: Irma Venter     2nd October 2018 Group Five will focus on its Developments & Investments (D&I) and Operations & Maintenance (O&M) businesses going forward, with a “de-emphasis” on the Construction and Engineer, Procure and Construct (EPC) businesses. This “de-emphasis” did not mean Group Five was walking away from construction,... 

Azumah grows Ghana project’s mineral resources to 2.5Moz

By: Marleny Arnoldi     28th September 2018 ASX-listed gold developer Azumah Resources has increased the combined mineral resource of its Wa gold project by 21%, or 433 900 oz, to 2.5-million ounces, adding to the expectations for attractive financial metrics for the Ghana project. Azumah will update the ore reserves and financial metrics... 

Orange, MainOne team up in submarine cable expansion

By: Natasha Odendaal     28th September 2018 French telecommunications group Orange and connectivity and data centre services provider MainOne Cable have signed an agreement that will see Orange inject undisclosed major investments into the West African submarine cable system MainOne. Under the partnership, Orange will acquire additional... 

GoldStone progresses scoping, old working assessment at Akrokeri-Homase project

By: Marleny Arnoldi     27th September 2018 Aim-listed GoldStone Resources is growing more confident in identifying mineral resource potential at the Akrokeri-Homase (AKHM) gold project, in Ghana. A work programme has focused on accessing the historic, high-grade Akrokeri underground gold mine, which is one of two previously producing... 

New AngloGold boss weighs asset sales to unlock value at miner

By: Bloomberg     26th September 2018 AngloGold Ashanti’s new CEO Kelvin Dushnisky said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on September 1 as the Johannesburg-based... 

Goldplat upbeat on FY18 results, despite lower profit, output

By: Simone Liedtke     26th September 2018 Aim-listed gold producer Goldplat achieved a profit from operating activities of £2.5-million for the financial year ended June 30. While this is lower than the £2.9-million profit reported for the prior financial year, chairperson Matthew Robinson on Wednesday said this was a positive result... 

Visa regulation amendments to ease entry for business travellers, tourists

By: Tasneem Bulbulia     25th September 2018 The Department of Home Affairs (DHA) is pursuing new regulations to make it easier for business travellers, tourists and academia to enter South Africa, but South African minors leaving the country will still need consent from both parents when leaving the country. The announcement of the new... 

Getting It Right

21st September 2018 In the September 14 edition, we ran two stories on Volkswagen Group South Africa, one on the company's plans to start assembly operations in Ghana and Nigeria in the future and the other on the appointment of Andile Dlamini as head of group communications. A photograph featuring Volkwagen... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

PFS generates positive feedback for Cardinal’s Ghana gold project

By: Tasneem Bulbulia     18th September 2018 Gold-focused Cardinal Resources’ prefeasibility study (PFS) for the Namdini gold project in Ghana has confirmed it as one of the country’s and continent’s most promising undeveloped, large gold assets. The financial modelling of the project has shown it to be technically sound and financially... 

Renewable-energy guide offers insight into maturing African markets

By: Schalk Burger     14th September 2018 Global law firm DLA Piper has characterised the regulatory environments for renewable-energy projects in 12 African countries in response to developing markets on the continent, says DLA Piper Global co-chair of energy sector Natasha Luther-Jones. Renewable energy projects are becoming... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

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