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Topic - Industrial Development Corporation
Jul 03, 2015
Jun 29, 2015
Advanced manufacturing was internationally regarded as critical to reversing the economically-stifling effects of increasing deindustrialisation and could prove to be the answer to South Africa’s stagnant growth rate, the Manufacturing Indaba heard on Friday....
Jun 29, 2015
As the Department of Telecommunications and Postal Services (DTPS) outlined its efforts to rationalise the State-owned companies (SOCs) that report to it, confusion had shrouded the deliberations of the governing parliamentary portfolio committee as there were more...
Jun 26, 2015
Black-owned multidisciplinary consulting engineering firm Gibb is exposing its junior engineers to as many large-scale projects as possible to secure development of the company and South Africa’s consulting engineering sector. Gibb environmental services GM and...
Jun 24, 2015
IDC research and information head Jorge Maia
Foreign direct investment (FDI) flows to South Africa fell by over 31% last year to $5.72-billion, from $8.3-billion in 2013, the latest World Investment Report (WIR 2015) shows. The decline in what is known to be a volatile number, drawn from South African Reserve...
Jun 24, 2015
Government’s investment arm, the Public Investment Cooperation (PIC), and various State development banks and institutions have taken centre stage in South Africa’s private equity investment sector, representing, for the first time, the largest chunk of funds...
Jun 22, 2015
Negotiations between South Africa-focused Resource Generation (Resgen) and a club of potential financiers regarding project finance for the Boikarabelo mine development are continuing. The ASX- and JSE-listed coal company on Monday said the process to reach an agreed...
Jun 19, 2015
Mining contractor Murray & Roberts Cementation has been awarded a mining contract for the Kalagadi Manganese operation.
Jun 17, 2015
Jun 10, 2015
Jun 09, 2015
Jun 05, 2015
May 29, 2015
There are growing indications that the South Africa government is seeking to change gears in the area of black economic empowerment (BEE), with the departments of Trade and Industry (DTI) and the Economic Development planning to leverage public procurement, incentive...
May 29, 2015
There are growing indications that the South Africa government is seeking to change gears in the area of black economic empowerment (BEE) , with the Department of Trade and Industry (DTI) and the Economic Development Department planning to leverage public...
May 27, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium on Wednesday announced that a dispute with financial services provider Sasfin Bank had been resolved. On Monday, Evraz Highveld said it had launched an urgent High Court...
May 25, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has launched a High Court application against financial services provider Sasfin Bank. The JSE-listed company on Monday said that, in the application, which was submitted to the...
May 22, 2015
Trade and Industry Deputy Minister Mzwandile Masina
The Department of Trade and Industry (DTI), which last year committed to the initial creation of more than 100 black industrialists within three years, has developed a draft policy framework to guide the introduction of financial and nonfinancial support mechanisms...
May 15, 2015
The value added to the economy by the manufacturing sector has declined from 15.3% of gross domestic product (GDP) in 2004 to 13.9% in 2014, signalling the continued evolution towards a service sector-led South African economy, the National Advisory Council on...
May 12, 2015
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel reported on Tuesday that the Industrial Development Corporation (IDC) would set aside R23-billion to support black industrialists over the coming five years. The resources formed part of a larger R100-billion that the...
May 08, 2015
May 08, 2015
WorleyParsons has reported that construction is running smoothly at the Khi Solar One concentrated solar power plant.
May 08, 2015
The Xina concentrated solar power plant has successfully reached financial close.
May 07, 2015
Picture: Nguni SA
To increase the number of black livestock farmers in Gauteng, provincial government on Thursday handed over Nguni cattle to three livestock farmers in Tshwane as part of its Nguni Cattle Project. “This initiative must not be seen in isolation from our strategy to...
May 07, 2015
Trade and Industry Minister Dr Rob Davies
The development of a specific support framework for black industrialists has been flagged for the first time in the latest version of the South African government’s Industrial Policy Action Plan (Ipap). The 2015 document – the seventh iteration of the yearly plan –...
Apr 29, 2015
Zanele Matlala
The shares of the black-run Merafe Resources rose sharply following the announcement that Royal Bafokeng Holdings had sold its entire shareholding to Glencore, with which Merafe has the Glencore-Merafe Chrome Venture in Limpopo province. The share price rose by 7.7%...
Apr 22, 2015
Zanele Matlala
The black-owned and black-managed ferrochrome company Merafe said on Wednesday that its chrome venture with Glencore had lifted production by 15% in the three months to March 31. The company, headed by CEO Zanele Matlala, saw its share price rise by 1.32% to 77c a...
Apr 22, 2015
On the heels of Energy Minister Tina Joemat-Pettersson’s recent announcement of the preferred bidders under the fourth bidding round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), renewable-energy specialists, energy policymakers...
Apr 17, 2015
South Africa’s electricity problems are offering platinum mining companies a major opportunity to stimulate the offtake of platinum. State power utility Eskom’s loadshedding programme and the global trend towards decentralised power generation are elevating...
Apr 17, 2015
The $860-million KaXu Solar One has become the first concentrated solar power project in sub-Saharan Africa to enter operation.
Apr 15, 2015
Colin Coleman
Leading global investment banking, securities and investment management firm Goldman Sachs is bullish on South Africa, which it regards as a favourable destination for fund managers because of the depth of its capital market and the scarcity of other emerging market...
Apr 02, 2015
Mar 27, 2015
The state-owned Public Investment Corporation has taken a 20% stake in the Xina power station.
Mar 27, 2015
Government continues to stress the importance of the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements in an economy that fell short of its growth target in 2014, achieving...
Mar 27, 2015
AGROPROCESSING DRIVE The Department of Trade and Industry has invested about R1.2-billion into the agroprocessing industry since 2009
In 2015, government continues to stress the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements, in an economy that fell short of its growth target in 2014, achieving 1.5%, after...
Mar 26, 2015
Arne Frandsen
The target date is the end of this year for the decision to go ahead with the commercial implementation of a paradigm shift technology that will mine and refine platinum in an integrated on-site process and use only a tenth of the electricity normally consumed. Major...
Mar 25, 2015
DTI director-general Lionel October
Access to finance for South Africa’s black industrialists could become easier as the Department of Trade and Industry (DTI) announces several State-led support initiatives as part of its Black Industrialists Development Programme. Unpacking the DTI’s plans for black...
Mar 20, 2015
An update on the Renewable Energy Independent Power Producer Procurement Programme – third window.
Mar 20, 2015
Abengoa has announced that $660-million in project financing has been secured for the Xina Solar One project.
Mar 19, 2015
A significant achievement was reached on February 24th, 2015, when Financial Close was concluded with Nedbank and the Industrial Development Corporation, for the financed portion of the funding required for the Longyuan Mulilo De Aar Wind Energy Facilities with a...
Mar 17, 2015
Mar 16, 2015
  Minister Nene’s Budget identified nine strategic priorities, including amongst others, encouraging private investment, enhancing the Industrial Policy Action Plan (“IPAP”) and resolving the energy challenge in partnership with the private sector.
Mar 10, 2015
Mar 06, 2015
The KaXu concentrating solar power park was launched on March 2, 2015.
Mar 06, 2015
An update on the first round of the Department of Energy's Renewable Energy Independent Power Producer Procurement Programme.
Mar 02, 2015
Economic Development Minister Ebrahim Patel
The Department of Economic Development, together with Spanish solar company Abengoa and the Industrial Development Corporation on Monday launched a 100 MW concentrated solar power (CSP) park, about 60 km outside Pofadder, in the Northern Cape. Speaking to journalists...
Feb 27, 2015
In the first quarter of 2015, seven wind turbines will be erected on the 21 MW Chaba wind farm.
Feb 27, 2015
The wind farm is expected to start to producing electricity in mid-2015.
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