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Africa’s air traffic liberalisation journey continues, after 30 difficult years

By: Rebecca Campbell     18th May 2018 In November 1988, the Ministers responsible for civil aviation in 40 African countries agreed a declaration on a new African air transport policy. This was immediately designated the Yamoussoukro Declaration, after the city in which it was adopted (the capital of Ivory Coast). Among other things,... 

Ninety-five years of lighting up South Africa

18th May 2018 For the past 95 years, State-owned power utility Eskom, has been at the forefront of contributing positively towards fighting the country’s socioeconomic challenges through the Eskom Development Foundation. The foundation, a nonprofit organisation solely funded by Eskom, has launched many... 

Africa’s air traffic liberalisation journey continues, after 30 difficult years

By: Rebecca Campbell     18th May 2018 In November 1988, the Ministers responsible for civil aviation in 40 African countries agreed a declaration on a new African air transport policy. This was immediately designated the Yamoussoukro Declaration, after the city in which it was adopted (the capital of Ivory Coast). Among other things,... 

The scramble for Somalia

By: Martin Zhuwakinyu     18th May 2018 The Horn of Africa nation of Somalia is better known as the poorest country on earth, with a per capita gross domestic product of $400, and for lacking a coherent government since the 1991 ouster of Mohamed Siad Barre as President. What many do not remember is that it was one of the first newly... 

Promise and perils

By: Terence Creamer     18th May 2018 While President Cyril Ramaphosa was having a breakfast meeting with his Economic Cluster Ministers at Genadendal last week, to deliberate on ways to deliver on the $100-billion-investment goal, the International Monetary Fund (IMF) released a report highlighting just how important investment is... 

South Africa views African integration as potential trade-war bulwark

By: Terence Creamer     15th May 2018 Trade and Industry Minister Dr Rob Davies reports that South Africa will be prioritising an acceleration of market integration across Africa as part of efforts to mitigate the risks associated with the prospect of trade wars, as well as what he describes as a growing disregard for the... 

Botswana President eyes jobs in new 'marriage' with De Beers

By: Bloomberg     15th May 2018 Botswana’s President, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current ten-year deal expires in 2020 and for more gems to be processed locally. The conclusion of an accord is crucial for both Botswana, which relies on diamonds for almost a fifth of its... 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete     15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... 

Consulting engineers report positive confidence levels for 2018

By: Simone Liedtke     14th May 2018 Despite a slowdown in investment by government and general economic conditions not facilitating growth, expectations as reflected in the consulting engineering industry’s confidence levels for the first six months of this year remain positive, reports Consulting Engineers South Africa (Cesa).... 

Ramaphosa’s ‘New Deal’ could revive investor confidence, restore fiscal discipline – Goldman Sachs

By: Anine Kilian     11th May 2018 President Cyril Ramaphosa’s economic policy platform – otherwise known as the ‘New Deal’ for South Africa – does not represent a significant philosophical departure from stated objectives in the existing National Development Plan (NDP), but Ramaphosa’s focus on economic stewardship and reform... 

Nuclear energy vital in building sustainable economy 

By: Melissa Zisengwe     11th May 2018 The adoption and implementation of nuclear energy would help the country reach its energy targets and build a sustainable economy, says independent economic risk consultant Rob Jeffrey. “South Africa’s prioritisation of economic growth should include adopting an effective and efficient energy... 

Backlog in application process stifling drone industry in South Africa

By: Erin Steenhoff-Snethlage     11th May 2018 The lack of urgency in processing commercial drone operating licences and the registering of drones is stifling the drone industry in South Africa, says Cape Town-based drone pilot training school UAV Industries director Ken Venn, who is also a board member of Commercial Unmanned Aircraft... 

Higher metals prices prop up BC mining industry in 2017 – PwC

By: Creamer Media Reporter      10th May 2018 British Columbia's mining industry remained upbeat in 2017, as prices for most metals and minerals produced in the province continued to steadily recover from multiyear lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward... 

Business confidence index remains above 95, despite m/m decline in April

By: Marleny Arnoldi     9th May 2018 The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined by 1.6 index points month-on-month to 96 in April.  

AfDB officially launches Africa Investment Forum

By: Anine Kilian     8th May 2018 The African Development Bank (AfDB) on Tuesday launched its Africa Investment Forum (AIF), which will seek to attract investment and public–private partnerships aimed at transformative development on the continent. “The AfDB is championing the AIF as a platform to actively engage the private... 

Wine prices to rise as global shortage looms

By: Simone Liedtke     8th May 2018 The South African wine industry needs an upward price adjustment to ensure a sustainable supply going forward, amidst a looming wine shortage, says industry body Vinpro. Vinpro’s ‘Wine Harvest Report 2018’ shows that wine grape production is at 1.2-million tonnes – an almost 15% decrease compared... 

Economist predicts growth for African countries

By: Marleny Arnoldi     4th May 2018 The tide has turned for many African countries in terms of growth, says Citibank Africa economist David Cowan.  

Auto exports earned South Africa R165bn in 2017

By: Irma Venter     4th May 2018 Total earnings from South African automotive exports reached R164.9-billion in 2017, comprising 13.9% of South Africa’s total export earnings. This number is down from the record R171.1-billion achieved in 2016, at 15.6% of total export earnings. Total automotive revenue in the South African... 

Concor targets larger share of infrastructure market as part of big growth push

By: Terence Creamer     30th April 2018 Wholly black-owned construction group Concor, which marked its first year of operations in April, is aiming to materially increase its share of the public infrastructure market as part of an ambitious plan to increase its order book to R10-billion by 2020. The company, which has a Level 1... 

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

Reformist SA, French Presidents increase mutual investment attraction

By: Rebecca Campbell     27th April 2018 French companies are confident in the South African market and in its future, French Embassy Economic Counsellor William Roos assured South African journalists at a recent briefing. He pointed out that some 400 French companies had already set up business in South Africa and others are interested... 

SA component suppliers 'making real progress', says benchmarking study

By: Irma Venter     24th April 2018 Despite certain areas of weakness, South African component suppliers have advanced their competitiveness and productivity in recent years, shows the South African Automotive Supplier Industry Benchmarking Report 2018. “It is clear that South African suppliers are making real progress, and that... 

Future growth of African aviation to depend on cooperation

By: Rebecca Campbell     20th April 2018 Collaboration between aviation stakeholders, not least governments, in Africa is essential if the aviation sector is to realise its full potential and accelerate the development of the continent. So asserted International Air Transport Association (IATA) VP: Africa Raphael Kuuchi in his keynote... 

Trans Mountain pipeline expansion project, Canada

By: Sheila Barradas     20th April 2018 Canadian Prime Minister Justin Trudeau has moved to end an escalating crisis over Trans Mountain pipeline expansion project. 

EVs not yet a market force to disrupt oil demand growth

By: Anine Kilian     19th April 2018 Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the forecasted future plateau in oil demand, according to a new report from IHS Markit’s oil and gas team.... 

Steel demand to grow by 1.8% in 2018

By: Simone Liedtke     17th April 2018 The World Steel Association (worldsteel) has forecast 1.8% year-on-year growth in global steel demand to 1.62-billion tonnes this year. Worldsteel further reports in its April Short Range Outlook (SRO), published on Tuesday, that global steel demand will grow by a further 0.7% to 1.63-billion... 

Trans Mountain pipeline expansion project, Canada

By: Sheila Barradas     13th April 2018 Kinder Morgan Canada has placed nonessential activities and related spending at the project on hold. 

Kenmare maintains FY18 guidance, despite lower Q1 output

By: Marleny Arnoldi     11th April 2018 Titanium and zircon producer Kenmare Resources still expects to meet the mid-range of its 2018 full-year production guidance, despite a 12% year-on-year decrease in heavy minerals concentrate (HMC) output at its Moma mine, in Mozambique, in the first quarter of the year.  

Canada's Saskatchewan sees smaller fiscal deficit as spending kept tight

By: Reuters     11th April 2018 The Canadian province of Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019/20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has... 

Extreme inequality in South Africa is constraining growth and investment  

By: Terence Creamer     10th April 2018 New analysis by the World Bank has confirmed that South Africa’s is not only the world’s most unequal country, but that extreme inequality has become a major constraint to higher levels of economic growth, because it is undermining policy certainty and depressing investment. The bank’s latest... 

World Bank ups SA growth forecast but says slow growth hobbles economy

By: African News Agency      10th April 2018 The World Bank has increased its projected growth for South Africa's gross domestic product, but said on Tuesday that the economy needs to break free from the low growth and high inequality it has been trapped in for decades. According to a report entitled Jobs and Inequality, the World Bank said... 

International airline body calls for greater cooperation within Africa regarding aviation

By: Rebecca Campbell     10th April 2018 Collaboration between aviation stakeholders, not least governments, in Africa is essential if the aviation sector is to realise its full potential and accelerate the development of the continent. So asserted International Air Transport Association (Iata) VP: Africa Raphael Kuuchi in his keynote... 

Strong rand eroding South African gold mines’ margins 

By: Natasha Odendaal     6th April 2018 While the strengthening of South Africa’s rand against the dollar in recent months has been widely welcomed by many, it has somewhat dampened the outlook for exporters and mining firms reliant on a weakened currency to widen margins. For South Africa’s gold mining industry, the resultant decline... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

With respect, Prof, a counter point

6th April 2018 In an article published in Engineering News in March, Professor Robert Lawrence warns us “not to be mesmerised by manufacturing and industrialisation and realise the economy is hugely diverse”.  He states that most jobs in the South African economy are likely to be created in the services sector.... 

Africa begins journey towards continentwide free-trade deal

By: Bloomberg     6th April 2018 African leaders signed accords setting up a continental free-trade area that’s expected to boost commerce within the 55-member African Union and eventually supplant a patchwork of existing agreements. More than 40 nations signed the African Continental Free Trade Area agreement, or AfCFTA, which... 

Iata reports strong global passenger demand for February

By: Marleny Arnoldi     5th April 2018 Global passenger traffic results for February showed a rebound in traffic growth, following the slower demand experienced in January, which was owing to temporary factors such as the later timing of the Lunar New Year. The International Air Transport Association (Iata) reported on Thursday that... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

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