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He got rich on Congo mines until bribe probe put future on hold

By: Bloomberg     23rd February 2018 A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go. The US government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime... 

Maintaining optimal security in the Oil, Gas and Energy Industries

     23rd February 2018 By Gavin Holme, Country Manager, Africa, Wipro Limited Security, both physical and cyber security, is a top priority for any organization, especially in light of the year-on-year rise in cybercrime. However, for certain industries, not having the proper security measures in place can put more... 

Kibaran eager to engage Tanzania’s new Minerals Commission

By: Natasha Odendaal     23rd February 2018 ASX-listed Kibaran Resources stands ready to present its Epanko graphite project to Tanzania’s yet-to-be-established Minerals Commission to start discussions over “silent” matters and the impact on the proposed Epanko debt financing arrangements. Kibaran said it had reviewed the mining... 

Tax increases likely to shrink market, says auto industry bodies

By: Irma Venter     23rd February 2018 The substantial increase in ad valorem vehicle excise duty rates announced in the National Budget this week – with the maximum duty for motor vehicles rising from 25% to 30% – together with the increases in value added tax (VAT), emissions taxes and the fuel levy, “will compromise vehicle... 

Change of venue draws in highly targeted audience

     23rd February 2018 With over 3 000 visitors attending throughout the course of the three-day biennial Heating, Cooling, Ventilation, Air Conditioning and Refrigeration (HVAC&R) Show, the new venue that organiser Datateam Business Media opted for proved to be a success. Having taken place from January 23 to 25 at... 

Leveraging neuroscience for business productivity

By: Schalk Burger     23rd February 2018 Companies can improve the productivity, cooperation and happiness of employees by leveraging natural human emotions, says applied neuroscience multinational Neuroleadership Institute South Africa research and solutions head Rob Jardine. The psychology of groups can facilitate cooperation and... 

Tackling inequality in South Africa – the great escape

By: Saliem Fakir     23rd February 2018 There have been clarion calls to clean up corruption in South Africa, but the greater challenge will be clawing back the effects of structural poverty. Influential voices from business have suddenly become activists in relation to corruption but seemingly not activist enough on inequality. Growth... 

Concrete Industry Honours Afrisam With Two Top Awards

     22nd February 2018 Construction materials leader AfriSam dominated at the recent Southern African ReadyMix Association (SARMA) awards by winning two of the four accolades bestowed on the industry’s top performers for 2017. SARMA’s premier annual event – held in Gauteng during the Concrete Conference in August – saw... 

Industry, business welcomes tough Budget, but warns govt to implement promised changes

By: Megan van Wyngaardt     22nd February 2018 Although Finance Minister Malusi Gigaba has faced sharp criticism following the tabling of the 2018 Budget on Wednesday, particularly from opposition party, the Democratic Alliance, and the Congress of South African Trade Unions, industry bodies and business organisations have welcomed the... 

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... 

Civil society calls on Gigaba to deliver a pro-poor budget

By: Sane Dhlamini     21st February 2018 South African civil society organisations have called for a pro-poor policy agenda ahead of Finance Minister Malusi Gigaba’s maiden Budget Speech on Wednesday, which some analysts expect will also be his last. Gigaba’s position is not certain amid talks of an imminent Cabinet reshuffle, which... 

Efficient cleaning technologies can boost profitability

     21st February 2018 Large South African companies spend between 70% and 80% of total cleaning costs on associated labour, according to industry experts Nilfisk. For businesses looking to implement financial efficiencies within their operations, this insight provides an interesting perspective on commercial cleaning.... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

City of Cape Town welcomes 'major court victory for preservation of water sources'

By: News24Wire      20th February 2018 A ruling by the Western Cape High Court has been described as "a watershed ruling" for the preservation of Cape Town's rivers, floodplains, and wetlands. The judgment refers to a case in which the City approached the courts to order Really Useful Investments, a developer of the Hout Bay Beach... 

Conference to foster entrepreneurial opportunities for women

By: Simone Liedtke     16th February 2018 To assist women in being successful renewable-energy entrepreneurs, the African Energy Sector: Scope and Opportunity discussion topic at this year’s Women in Energy Conference will focus on the entrepreneurial opportunities in the energy sector and how women can maximise their participation. 

Discovery headquarters nears completion

By: Marleny Arnoldi     16th February 2018 With the construction of health insurance and financial services provider Discovery’s head office set for completion at the end of this month, construction consultancy Aurecon believes that the building is set to become a pioneering green precinct concept, owing to its size and the way in which... 

Nuclear energy future imminent, despite delays in updated IRP

By: Simone Liedtke     16th February 2018 South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services (Lesedi) business development executive Shane Pereira believes that there is a future for nuclear power globally, although it is being hindered locally by the delay in passing the updated Integrated... 

Ramaphosanomics

By: Martin Zhuwakinyu     16th February 2018 It is said that many a truth is spoken in jest. I contend that restricting the adage to ‘spoken’ might well be dated. A few years ago, I co-authored a chapter in the book Zumanomics. With a change of guard at the Presidency anticipated, I consulted my favourite search engine for references to... 

Global megatrends reshaping quality and standards

By: Schalk Burger     16th February 2018 Global megatrends and social changes brought about by the use and integration of digital technologies in personal, commercial and industrial processes are changing testing, verification, certification and compliance processes, and are placing new demands and requirements on businesses to ensure... 

Bureau Veritas 2020 strategy includes strong digital component

By: Schalk Burger     16th February 2018 Inspection, testing, verification and certification multinational Bureau Veritas chief digital officer Thomas Daubigny is leading the company’s digital transformation strategy, which aims to improve the efficiency of the company, provide new tools to conduct its work and reform its operating... 

Sarens siba

     16th February 2018 It is the mission of heavy-lifting and engineered transport specialist Sarens to be the reference in crane rental services, heavy lifting and engineered transport. Understanding the need for change and transformation in the South African market, as well as the need to incorporate previously... 

PwC forecasts 'pain' for the public amid prospects of tax hikes

By: Megan van Wyngaardt     14th February 2018 The nature of fiscal revenues and expenditure in the 2018/19 fiscal year so far indicate that the fiscal deficit will likely expand to R250-billion, unless prudent spending cuts are implemented, financial services firm PwC warned on Wednesday. As such, South Africans can potentially expect the... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Mt Ridley acquires Philippines epithermal gold project

By: Schalk Burger     13th February 2018 ASX-listed gold miner Mount Ridley Mines has acquired Singapore-based Prometheus, which owns the rights to the high-grade Diwalwal gold project, on the island of Mindanao, in the Philippines. Mount Ridley will issue about 1.59-billion fully paid ordinary shares in exchange for 100% of the issued... 

Entries for Seifsa Awards for Excellence now open

By: Anine Kilian     12th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has invited manufacturers operating in the metals and engineering sector to submit their entries for the 2018 Seifsa Awards for Excellence. Entries are open to all companies in the sector, including those which are not... 

Engineered Transfer Chutes Save Costs

     12th February 2018 The uncontrolled discharge of bulk materials through conventional chutes is associated with escalated maintenance and replacement costs. By custom designing and engineering transfer points, productivity is enhanced and costs are reduced. A number of blue chip customers around the globe have... 

African Tantalum sends fourth tantalum shipment to customer

By: Anine Kilian     9th February 2018 African Tantalum (Aftan) has sent the fourth shipment of high-purity tantalum from its Namibia Tantalite Investment mine to a North American tantalum consumer and end-user of tantalum ore. Aftan, which is a subsidiary of Aim-listed Kennedy Ventures, on Friday said it has made significant progress... 

NUM calls on workers to report unsafe working conditions

By: African News Agency      9th February 2018 The National Union of Mineworkers (NUM) on Friday called on its structures in the mines to confront management and employers whenever there are health and safety deviations or substandard working conditions. In a statement, the NUM said that workers must exercise their right to refuse to work in... 

ASHRAE speakers confirmed for FRIGAIR 2018

     9th February 2018 FRIGAIR 2018 will once again fly in three world-class ASHRAE speakers to present topical short courses during the show. Register now and earn CPD points. The South African Institute of Refrigeration and Air Conditioning (SAIRAC) and the exhibition organisers are proud to announce that industry... 

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. 

Cameco appoints new chairperson

By: Henry Lazenby     9th February 2018 Canada's largest uranium producer Cameco has announced that board member Ian Bruce will succeed Neil McMillan as chairperson of the board immediately following the annual general meeting scheduled to be held on May 16. McMillan is retiring from the board after five years as chairperson, and 16... 

Donald Trump’s gratuitous slur

By: Martin Zhuwakinyu     9th February 2018 A few weeks ago, US President Donald Trump was at it once again, using vulgar language to disparage the home countries of African, Haitian and El Salvadorian immigrants. As is his wont, he subsequently denied ever uttering the offensive remarks. Last week, he issued a statement full of praise for... 

Untrustworthy PPE leads to higher injury rates

By: Paige Müller     9th February 2018 Companies buying personal protective equipment (PPE) without conducting adequate market research on vendors and the products supplied may result in more harm than good, says labour, financial assistance, broad-based black economic empowerment and PPE outsourcing company Innovative Solutions Group... 

Lack of communication impacts on safety

By: Paige Müller     9th February 2018 Many large companies typically do not have the required technology or resources available to adequately communicate with lower-level staff, which software company Wyzetalk believes affects industry health and safety negatively. “Organisations provide a corporate email address for executives and... 

Employees electing not to join medical aid schemes a concern

By: Paige Müller     9th February 2018 Construction and civil engineering industry professionals are reluctant to join medical aid schemes, citing monetary concerns as a primary deterrent. The Building and Construction Industry Medical Aid Fund (BCIMA) states that this is a concerning trend, given the number of work-related injuries... 

Fresh legal challenge in 'big stink' landfill battle

By: News24Wire      8th February 2018 The row over the "rotten egg, big stink" - said to come from a landfill site adjoining the Durban suburbs of Hillcrest and Shongweni - has intensified, with a fresh legal challenge seeking to compel the relevant ministers and departments to take action against the site’s owners, waste management... 

Exxon's silent treatment on earnings is rankling Wall Street

By: Bloomberg     8th February 2018 Wall Street wants answers from Exxon Mobil. For at least a decade, Exxon’s top executives haven’t taken questions from Wall Street analysts during quarterly conference calls. Instead, Exxon only fields its VP for investor relations, a unique practice among the top ten S&P 500 Index companies and... 

Smec develops master plan for Uganda oil and gas industrial park

By: Anine Kilian     7th February 2018 Global consulting engineering firm Smec has been asked by the Uganda Ministry of Energy and Mineral Development to develop a master plan for a proposed oil and gas industrial park, in Kabaale, western Uganda. Owing to the discovery of oil in the region, and the need to maximise value from the... 

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