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SARB keeps repo rate unchanged, downgrades growth projection

By: News24Wire      19th July 2018 The South African Reserve Bank's (SARB's) monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision.  The announcement, made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday afternoon, was in line with expectations of... 

Congo seeks relief talks with oil traders over $2bn debt

By: Reuters     20th February 2018 Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2-billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly lend... 

Going beyond the Limits to Growth debate

By: Saliem Fakir     10th February 2017 The Limits to Growth (LTG) thesis was developed in the 1970s by a group of experts collectively called the Club of Rome. They used a computer (at that time, they did not have sufficient data or the computing power that we have today) model to link exponential population growth, income/gross... 

Weld-cladding services benefit petrochemicals industry

By: Bruce Montiea     14th August 2015 Stakeholders in the petrochemicals industry are reaping the benefits of using welding specialist Hydra-Arc’s method of weld cladding, as it enables vessels to contain corrosive material. Hydra-Arc engineer Ewan Huisamen tells Engineering News that weld cladding is the most robust and durable form... 

Zambian opposition leader outlines partnership vision in SA address

By: Sashnee Moodley     19th June 2015 Zambian opposition party the United Party for National Development (UPND) aims to improve the way business is conducted in Zambia by removing bureaucracy and to find an opportunity for government and businesses to partner for mutual gain. 

IMF downgrades SA outlook amid global recovery, robust African growth 

By: Terence Creamer     8th April 2014 The International Monetary Fund (IMF) has again lowered its growth outlook for the South African economy and has listed the country among those large emerging economies whose growth outlook has been downgraded as a result of domestic policy weaknesses, tighter domestic and external financial... 

Fiscal weaknesses constrain African sovereign ratings despite growth – S&P

By: Natalie Greve     12th November 2013 Strong economic growth rates among most sub-Saharan African (SSA) sovereigns have not translated into improved credit quality, as fiscal deficits persist for most rated sovereigns in Africa, and current account deficits remain high, owing to capital and consumer goods imports, a report released... 

Frost & Sullivan: Increasing Need of MRO Services for Oil & Gas Refineries

30th October 2013 The increasing demand for processed fuels has placed maintenance repair overhaul services under the spotlight. At the same time, the spiralling costs of MRO resources are constricting the margins of its service providers. China, India, Brazil and the Middle East are expected to be MRO hotspots as... 

Rising business confidence boosts global passenger air traffic – Iata

By: Idéle Esterhuizen     4th April 2013 Global passenger demand grew by 3.7% in February, compared with the equivalent period last year, as business confidence improved, particularly in emerging regions, the International Air Transport Association’s (Iata’s) global passenger traffic results have shown. The industry body stated that... 

Falcondo concerned about security

By: Joachim Bamrud     30th November 2012 Falcondo, a unit of Canada-based Xstrata Nickel, has had to triple its security expenses in the Dominican Republic in recent years as a result of the country’s worsening situation, officials say. “Security in the country has seen a gradual deterioration, which has forced us to significantly... 

Small-scale synfuels production here to stay

By: Samantha Herbst     26th October 2012 While global petrochemicals groups Shell and Sasol have dominated the commercialisation of synthetic fuels (synfuels) for years, other gas-to-liquids (GTL) technology and associated synfuels businesses are advancing on a broad front, says clean synfuels production technology innovator Oxford... 

Sasol sees viable opportunities in building GTL plants

By: Samantha Herbst     26th October 2012 With the abundance of gas currently available at a low price, especially in North America, the future of energy looks bright for petrochemicals group Sasol, CEO David Constable said at the company’s 2012 financial results presentation last month. He stated that growing demand for oil underpinned... 

Passenger air travel numbers rise, cargo bottoms out

By: Natasha Odendaal     30th May 2012 Despite continuing economic weakness in some parts of the world, passenger demand for air travel continued to grow, registering a 6.1% expansion last month, the International Air Transport Association (Iata) reported on Wednesday. Strong demand for air travel and limited capacity expansion... 

Shell says Mozambique tax adds $200m to Cove bid

By: Reuters     26th April 2012 Royal Dutch Shell said a new capital gains tax being introduced by the Mozambique government would add around $200-million to its planned $1.8-billion takeover of Cove Energy. CFO Simon Henry told reporters on a call on Thursday that the final cost of the deal, that aims to give Shell a foothold... 


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