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Topic - Industrial Development Corporation
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May 06, 2016
The synergy between the Small Enterprise Finance Agency (sefa) and the private sector are underestimated and under-utilised and could further be exploited to the benefit of small and medium sized enterprises and co-operatives through strategic partnerships' says sefa...
Apr 15, 2016
BLEAK FORECAST Maize production, particularly that of white maize, is set to decline considerably
State-owned specialist land and agricultural financial services provider Land Bank has called on farmers in drought-declared provinces to apply for concessional loans, raised by the bank from the Industrial Development Corporation (IDC), to help ease the effects of...
Apr 13, 2016
Seifsa chief economist Henk Langenhoven
The challenges confronting the country’s foremost strategic sectors, namely the metals and engineering, mining, construction and automotive sectors, urgently need to be addressed, warns the Steel and Engineering Industries Federation of Southern Africa (Seifsa)....
Apr 07, 2016
With the 51% acquisition of local rail company Commuter Transport and Locomotive Engineering (CTLE) now complete, French multinational Alstom is moving to develop a platform that will fully localise its rail presence in South Africa. The group, which rebranded the...
Apr 06, 2016
Global rail group Alstom has completed its acquisition of a 51% interest in South African rail company Commuter Transport and Locomotive Engineering (CTLE) and would rebrand the Nigel-based train modernisation specialist as Alstom Ubunye. Led by Alstom South Africa...
Apr 01, 2016
This week we feature Grant Edward Neser, MD of Jo Jo Tanks, which is involved in the marketing, production, sales and distribution of roto-moulded PE tanks, containers and technology-specific industrial products
Mar 31, 2016
South Africa’s black industrialists funding forum had its inaugural meeting in mid-March to consider 50 applications from aspirant black-owned manufacturing enterprises, Trade and Industry Minister Dr Rob Davies revealed this week. Speaking following a meeting with...
Mar 30, 2016
State-owned specialist land and agricultural financial services provider Land Bank has called on farmers in drought-declared provinces to apply for concessional loans, raised by the bank from the Industrial Development Corporation (IDC), to help ease the effects of...
Mar 29, 2016
Mar 25, 2016
Mar 18, 2016
Mar 18, 2016
 
 
 
Mar 16, 2016
When South African Minister of Finance, Pravin Gordhan detailed his budget in Parliament in Cape Town, he emphasized the need for Public Private Partnerships to evolve as a means to reinforce and drive infrastructure. This is a thought that is shared across the...
Mar 11, 2016
With infrastructure development playing a fundamental role in accelerating any country’s economic growth, governments’ spend on infrastructure development not only provides a stimulus to a country’s economic growth, but it can also crowd in private sector and foreign...
Mar 11, 2016
The Continental Free Trade Area and its implications for manufacturing in Southern Africa need to be top on the agenda of businesses operating within the metals and engineering sector, Steel and Engineering Industries Federation of Southern Africa Chief Executive...
Mar 11, 2016
The metals and engineering sector, which has been seriously under-performing in recent years, will come under microscopic scrutiny when stakeholders from business, labour and Government meet at the second Southern African Metals and Engineering Sector in May. To be...
Mar 08, 2016
A delegation of Cabinet ministers who briefed the media on the nine-point plan President Jacob Zuma announced in his State of the Nation address last month touched on the proposed national minimum wage, the disastrous drought and President Jacob Zuma’s latest...
Feb 26, 2016
Germany-based global fan producer TLT-Turbo acquired a majority shareholding – from previous majority shareholders the Industrial Development Corporation of South Africa and private investors – in local fan-manufacturing company MechCaL last month. MechCaL’s...
Feb 25, 2016
Seifsa chief economist Henk Langenhoven
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed government’s announced efforts to reduce its expenditure; however, the organisation remained concerned about the lack of concrete plans to address the country’s slow economic...
Feb 25, 2016
Minister Gordhan presented his budget speech to Parliament earlier today. Summarised below are important aspects from a government grant and incentives perspective. The Green Economy
Feb 22, 2016
The environmental affairs department on Sunday refuted claims that it had in any way scuppered the possible sale of Evraz Highveld Steel and Vanadium, thus forcing the company’s closure. “While no direct blame has been laid at the door of the department,...
Feb 17, 2016
Shareholders of dual-listed Ipsa on Wednesday approved the sale of the company’s subsidiary Blazeway Engineering, which owns Newcastle Cogeneration (NewCogen), to Sloane Corporation. Ipsa last month announced plans to sell the subsidiary to raise working capital and...
 
 
 
 
Feb 16, 2016
Trade unions Solidarity and the National Union of Metalworkers (Numsa) have urged government to intervene in the collapse of Highveld Steel & Vanadium to prevent the loss of a strategic player and thousands of skilled jobs. The steel major on Tuesday issued notice to...
Feb 15, 2016
At the end of January 2016 TLT-Turbo GmbH acquired the majority shareholding previously held by the Industrial Development Corporation of South Africa Limited and private investors. MechCaL’s management team remain as minority shareholders with key staff affirming...
Feb 12, 2016
The 50 MW Khi Solar One has started commercial operation.
Feb 12, 2016
SUPASCRAP IN ACTION The Industrial Development Corporation plans to increase the initial 50 000 t/y pilot plant at Palabora in modules to 500 000 t/y over the next two to three years
The shortage of high-quality scrap metal and the challenging economic climate have provided a boost for local metallic iron units producer Iron Mineral Beneficiation Services (IMBS) and State-owned development finance institution the Industrial Development...
Feb 08, 2016
Seifsa CEO Kaizer Nyatsumba
The metals and engineering sector, which has been underperforming in recent years, will come under microscopic scrutiny when stakeholders from business, labour and government meet at the second Southern African Metals and Engineering Indaba in May. Former Deputy...
Feb 08, 2016
Khi Solar One
The 50 MW Khi Solar One concentrated solar power plant near Upington, in the Northern Cape, has started commercial operation. The plant is operated and maintained by Spanish technology group Abengoa, which owns 51% of the project, with the Industrial Development...
Feb 05, 2016
JSE-listed Northam Platinum's shares rose by 7.66% on Friday afternoon after it announced that it has entered into a R250-million subscription agreement with the Industrial Development Corporation (IDC), stipulating that the latter would subscribe to new domestic...
Jan 29, 2016
BORIS KAMSTRA Alphamin DRC’s primary asset the Bisie tin project contains two “exceptional” high- grade tin deposits
TSX-V-listed mineral exploration company Alphamin Resources has entered into an agreement with South Africa’s State-owned development finance institution the Industrial Development Corporation(IDC) pursuant to which the IDC will invest up to $10-million directly in...
Jan 29, 2016
The Industrial Development Corporation (IDC) and Beijing Automotive Group Corporation Limited (BAIC) intend to establish a new vehicle manufacturing facility in South Africa, in a $800-million investment, excluding land and buildings, says IDC spokesperson Mandla...
Jan 29, 2016
The project aims to establish a new vehicle manufacturing facility in South Africa.
 
 
 
 
Jan 26, 2016
The late Dr RE (Robbie) Robinson
Visionary research commentator, Dr RE (Robbie) Robinson, a chemical engineer with distinguished involvement in minerals beneficiation spanning more than 60 years and a passion for linking mining and agriculture, has died here at the age of 86. Warm-hearted and...
Jan 25, 2016
The overwhelming sentiment emanating from the 2016 World Economic Forum (WEF) in Davos, Switzerland, is that investors continue to see South Africa as a preferred investment destination, the presidency said on Saturday. President Jacob Zuma led the high-level Team...
Jan 22, 2016
South Africa has reviewed its yield expectations because of the current drought affecting one of Africa’s biggest economies, Agriculture Minister Senzeni Zokwana said on Friday. “Food security will be heavily affected by drought because we will not harvest the yield...
Jan 22, 2016
SMALL IN COMPARISON Konkoonsies I is 10 MW peak while Konkoonsies II will be 86 MW peak
Multidisciplinary consulting firm WSP | Parsons Brinckerhoff, Africa has been appointed as the lender’s technical advisor (LTA) for two Northern Cape-based solar photovoltaic (PV) projects, by local independent power developer BioTherm Energy, says WSP principal...
Jan 22, 2016
COST SAVING The biomass boiler reduces electricity production costs and creates a buffer against electricity price inflation
Owing to the ability of its boiler room that produces steam for the printing process, printing company Paarl Media’s specialised printing division Paarl Media Cape is achieving about 85% to 90% energy efficiency as a result of its new biomass steam plant.
Jan 20, 2016
JSE CE Nicky Newton-King
The Fourth Industrial Revolution is a fast train coming through town. South Africa can choose to jump on board or not, or – in the words of Nicky Newton-King, CE of the JSE – co-create the future, or let it happen around us. Newton-King was part of a panel of leading...
Jan 15, 2016
In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pick-ups may be added to...
Jan 15, 2016
Rail group Alstom has signed an agreement to purchase 51% of South African rail company Commuter Transport & Locomotive Engineering (CTLE), for an undisclosed amount. CTLE, specialising in the modernisation of trains, was previously known as Union Carriage and Wagon...
Jan 15, 2016
In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pickups may be added to the...
Dec 17, 2015
Following a successful board spill by three major shareholders last month, dual-listed Resource Generation (Resgen) says its new executive management and board, which included a new chairperson, deputy chairperson, interim CEO and company secretary, have reviewed the...
 
 
 
 
Dec 09, 2015
The Industrial Development Corporation (IDC) and Beijing Automotive Group Corporation Limited (BAIC) intend to establish a new vehicle manufacturing facility in South Africa, in a $800-million investment, excluding land and buildings, says IDC spokesperson Mandla...
Dec 03, 2015
The Industrial Development Corporation (IDC) has approved the rescheduling of dual-listed DiamondCorp’s existing R220-million loan, including the capitalisation of interest previously due in 2016. The IDC also agreed to the ongoing capitalisation of interest and...
Nov 27, 2015
A week ahead of the second annual gathering of the Forum on China–Africa Cooperation (Focac), in Johannesburg, the JSE is rolling out the proverbial red carpet for Chinese investors looking to Africa’s largest bourse for possible investment opportunities, calling...
Nov 26, 2015
 Rail group Alstom announced on Thursday that it had signed an agreement to purchase 51% of South African rail company Commuter Transport & Locomotive Engineering (CTLE), for an undisclosed amount. CTLE, specialising in the modernisation of trains, was previously...
Nov 06, 2015
The project involves the construction of the 5.8 MW Adams and 5.8 MW Bellatrix solar projects, in the Western Cape.
 
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