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Burkina Faso seeks new partner for $1bn manganese project

By: Bloomberg     22nd February 2018 Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1-billion project. Pan African Minerals, a unit of Timis Mining, was told to stop production at the Tambao mine in 2015 following a change in... 

Pipeline delays 'impose demonstrable, substantial economic costs on the Canadian economy' – Scotiabank

By: Henry Lazenby     22nd February 2018 The price received for Western Canadian oil will remain vulnerable to service disruptions in current transportation channels, given the excess of production over takeaway capacity up to about 2020, a new report by the Bank of Nova Scotia (Scotiabank) has found. In a report published on Tuesday,... 

VAT rate rise ‘not desirable’, but ‘unavoidable’ to rebuild public finance integrity

By: Terence Creamer     21st February 2018 Finance Minister Malusi Gigaba confirmed the much-anticipated increase in the value-added tax (VAT) rate from 14% to 15% in his maiden Budget speech to Parliament on Wednesday, describing the increase as “unavoidable if we are to maintain the integrity of our public finances”. The hike was... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Africa needs to develop its gas infrastructure

By: Anine Kilian     19th February 2018 Africa has a significant and growing gas resource, but gas capability on the continent is disappointingly low, says Quantum Power founding partner Dr Louis van Pletsen. He told delegates attending the Africa Gas Forum, in Johannesburg, on Monday, that, although there were large hydro and... 

Ramaphosa carries weight of economic expectations on shoulders

By: African News Agency      16th February 2018 South Africa’s brand new President Cyril Ramaphosa is riding on a wave of goodwill across the political divide as the country looks to him to steer the recovery of an ailing economy widely attributed to his predecessor Jacob Zuma. But failure by Ramaphosa to quickly get the economy back on track... 

Davies assures DTI will weather budget constraints

By: Megan van Wyngaardt     16th February 2018 While the South African fiscus will face a tough Budget – to be tabled by Finance Minister Malusi Gigaba next week – Trade and Industry Minister Dr Rob Davies said his department would rise to the challenge and “work with whatever resources we get”. Speaking to Engineering News Online on the... 

Any US tariffs could spark trade war, cut growth, Germany says

By: Reuters     15th February 2018 The German chamber of commerce said on Wednesday that US import tariffs on steel could trigger a trade war with major trading partners, which analysts say could cut growth in Europe's largest economy by up to one percentage point. US President Donald Trump said on Tuesday he was considering a... 

Record performance by South Africa’s biggest private-sector airline

By: Rebecca Campbell     13th February 2018 South African private-sector airline group Comair, operator of the British Airways in South Africa and Kulula low cost carrier brands, announced on Tuesday that it had achieved a record performance for the first half of the current financial year (July 1 to December 31, 2017). Earnings before... 

Warning of ‘seismic’ tax hikes, spending cuts to close R50bn 2018 Budget hole 

By: Terence Creamer     13th February 2018 Standard Bank chief economist Goolam Ballim is warning that the upcoming Budget will include “seismic” tax increases and spending cuts to address a menacing “fiscal cleavage” that, in nominal terms, is unprecedented in South Africa’s history. The Budget is scheduled for release on February 21 and... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Iata welcomes latest African ‘open skies’ initiative

By: Rebecca Campbell     9th February 2018 The International Air Transport Association (IATA) has welcomed the launch of the African Union’s (AU’s) Single African Air Transport Market (SAATM) initiative. This is intended to improve intra-African air transport links by “opening up” the skies above the continent. The initiation of the SAATM... 

Trans Mountain pipeline expansion project, Canada

By: Sheila Barradas     9th February 2018 Canadian Prime Minister Justin Trudeau has said his government will ensure Kinder Morgan Canada’s Trans Mountain oil pipeline expansion is built. 

Cape Town drought hits tourism, threatens province’s credit ratings 

By: Natasha Odendaal     7th February 2018 As the ongoing drought and resultant water crisis threatens Cape Town’s credit ratings and gross domestic product (GDP) growth, warnings of the impact the drought on the local tourism industry are mounting. Tourism to one of South Africa’s most popular destinations is starting to take a knock as... 

Zimbabwe touts lithium, gold, diamonds potential at mining conference

By: African News Agency      7th February 2018 Zimbabwe's mineral resources have a huge potential to drive the economy in the future, with lithium, gold and diamonds seen leading the way, its mines minister Winston Chitando said. In a presentation to an annual conference on investing in African mining, running from February 5 to 8 in Cape... 

Mining essential to human progress – Rio Tinto

By: Martin Creamer     5th February 2018 The images of large yellow mine trucks flashed across the big screen at this year’s Mining Indaba looked pretty ordinary. But that misperception was quickly cut short when Rio Tinto CE Energy and Minerals Bold Baatar told the full-house audience: "What you're watching are robots on wheels.... 

CoM sees resurgence in hope, green shoots in South African mining industry

By: Mia Breytenbach     5th February 2018 There is new sense of hope in the mining industry and in South Africa, says Chamber of Mines (CoM) CEO Roger Baxter. “It gives us a new confidence that a resurgence is taking place in the industry for the year ahead,” said Baxter, who spoke at a media briefing at the Investing in African Mining... 

Construction expo brings new opportunities to KwaZulu-Natal

     2nd February 2018 The second annual KZN Construction Expo will gather thousands of construction professionals, government officials and investors to support infrastructure development, service delivery, and the development partnerships and industry transformation currently underway in the province. KwaZulu-Natal... 

An ex-President’s report card

By: Martin Zhuwakinyu     2nd February 2018 By the time you read this piece, Ellen Johnson Sirleaf would have been a pensioner for at least a fortnight, having stepped down as Liberia’s President on January 22. The 79-year-old became Africa’s first elected female head of State in 2006 and went on to serve for a second and final six-year... 

Water crisis hits Cape Town tourism, cancellations from international visitors - industry body

By: African News Agency      26th January 2018 The drought-induced water crisis in the Western Cape province, which could run out of supply in April if there are no rains, has hit the key tourism sector with visitors cancelling trips, an industry official said on Friday. Officials in Cape Town, South Africa's tourism capital which boasts... 

Mining Indaba to provide ‘first-hand experience’ of return of investor appetite

By: Nadine James     26th January 2018 With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba MD Alex Grose. This renewed investor interest... 

Canadian miners welcome agreement on Trans-Pacific Partnership

By: Henry Lazenby     24th January 2018 Canada has agreed to a revised Trans-Pacific Partnership deal that excludes the US. "We are happy to confirm the achievement of a significant outcome on culture as well as an improved arrangement on autos with Japan, along with the suspension of many intellectual property provisions of concern to... 

Chilean president-elect names Larrain as finance minister again

By: Reuters     23rd January 2018 Chile's conservative President-elect Sebastian Pinera on Tuesday named a former finance minister in the top copper exporter, Felipe Larrain, to fill the same spot again in his new cabinet. Pinera, a billionaire businessman who won the presidency last month, governed the country from 2010 to 2014,... 

NextSource soars on Japanese approval of registered SuperFlake product trademark

By: Henry Lazenby     17th January 2018 The TSX-listed equity of one of the graphite industry’s best kept secrets, NextSource Materials, has recorded significant gains on Tuesday following a company announcement that Japan has approved the company’s registration of ‘SuperFlake’ graphite as a trademark in the country. The registration... 

Dijalo Facilities Management first to comply with FM Standard

     12th January 2018 South Africa is a global leader for publishing the first facility management (FM) standard against which local organisations and FM providers will be assessed for compliance and/or certification. Importantly, Dijalo Facilities Management is the first company to comply with the standard. 

Improving quality of life remains key priority, says Zuma

By: African News Agency      2nd January 2018 Improving the quality of life of the South African people, especially the poor and the working class, remains a key priority of government, President Jacob Zuma said on Sunday. “Significant strides” were made in 2017 in fighting poverty, inequality, and unemployment, he said in his new year’s... 

SP Angel outlines key 2018 trends as battery raw materials heat up

By: Creamer Media Reporter      21st December 2017 London-based brokerage SP Angel has outlined the key trends that characterised the basket of energy metals during 2017 and the the outlook for 2018 in its new ‘Battery Raw Material Review, Outlook – SP Angel Commodity Research Book’ published on Wednesday. The report pointed out that the... 

Too soon to despair

By: Martin Zhuwakinyu     15th December 2017 Question marks have been hanging over the Africa Rising narrative in recent times, with sceptics pointing to faltering gross domestic product (GDP) growth in many countries on the continent. But is this sweet dream dead in the water? For the uninitiated, this snappy appellation was coined to... 

Demand for ICT skills outstripping supply, survey shows

By: Schalk Burger     15th December 2017 Delays in information and communication technology (ICT) policy implementation, as well as a lack of improvement in basic education and current, coordinated data, are reducing the potential economic contribution of the ICT sector, according to the University of the Witwatersrand-based... 

Trans Mountain pipeline expansion project, Canada

By: Sheila Barradas     15th December 2017 Canada’s federal National Energy Board has issued an order declaring that the project need not comply with two sections of the City of Burnaby’s bylaws as the company prepares to begin construction. 

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and... 

Brazil, South Africa collaboration to improve mining sector “natural, appropriate”, says Brazil ambassador 

By: Mia Breytenbach     13th December 2017 With the mining sector having played a significant role in the history and development of South Africa and Brazil, it is “natural and appropriate” that the two countries come together to discuss and exchange ideas about how to improve the mining sector in both countries, says Ambassador of Brazil... 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Battling threat of sugar tax, excessive imports and low price

By: Victor Moolman     8th December 2017 The large amount of sugar being imported into South Africa has caused the country’s sugar industry, which may soon be further compromised by the introduction of a sugar tax, to start exporting sugar at world market prices to offload excess sugar, which it is unable to sell locally. While opposing... 

SA stainless steel industry worth $3bn, 100 000 jobs

By: Dylan Slater     8th December 2017 The South African stainless steel industry is “very important” in employing people and growing the economy through exports and the local manufacturing of products, says South African Stainless Steel Development Association CEO John Tarboton.  

SA’s not-so-impressive showing in the governance stakes

     8th December 2017 South Africa is a force to be reckoned with in Africa. It is one of the continent’s powerhouses – politically and economically – with its gross domestic product (GDP) being the largest, although it had to contend with being second best to Nigeria in the GDP stakes between 2014, when the latter... 

Number of auto aftermarket franchises rising

By: Irma Venter     8th December 2017 The number of franchised systems (or business networks) within the automotive aftermarket has grown from 60 in 2012, to 79 in 2017, shows the 2017 Franchise Factor report. Thirty of the 79 systems tallied this year are new franchised systems. The automotive franchise aftermarket has also seen the... 

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