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Topic - Industrial Development Corporation
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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
May 07, 2015
May 07, 2015
 
 
 
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.
Feb 27, 2015
An update on the Renewable Energy Independent Power Producer Procurement Programme – third window.
Feb 27, 2015
The project involves the construction and operation of a 24.6 MW wind farm.
Feb 26, 2015
South Africa-focused coal miner Resource Generation (Resgen) on Thursday revealed that it was in negotiations with FirstRand Bank, acting through its Rand Merchant Bank division, HSBC Bank - Johannesburg Branch, the Industrial Development Corporation, Noble Resources...
Feb 25, 2015
Shareholders of Palabora Copper, a subsidiary of Palabora Mining Company, have given their approval for the R9.3-billion Lift II project that would extend the life of the Palabora mine to 2033. Lift II would involve a block-cave mine development.
Feb 24, 2015
Representatives of Mulilo Renewable Energy and Eskom
South African energy developer Mulilo Renewable Energy reports that it is poised to begin construction on four Northern Cape projects with a combined vlaue of R8.8-billion and a collective capacity of 385 MW.  The projects, which are being pursued with partners,...
Feb 20, 2015
MOGS recently acquired a majority shareholding in Sunrise Energy.
Feb 13, 2015
 
 
 
 
Feb 09, 2015
The Industrial Development Corporation of Orissa Limited (Idcol), a provincial level industrial promotional agency, and Indian Rare Earths Limited (IREL), will establish a joint venture (JV) for the extraction of rare earth minerals from beach sand along the Orissa...
Feb 05, 2015
Lefadi Makibinyane
In his position as the new CEO of water utility Amatola Water, Lefadi Makibinyane would be responsible for driving the utility’s 20-year strategy, which was in its second year of implementation. He would also be expected to play a critical role in steering the...
Jan 29, 2015
IDC CEO Geoffrey Qhena
The Industrial Development Corporation (IDC) has retained Geoffrey Qhena as its CEO for the next five years, the Economic Development department said on Thursday. Qhena was reappointed after steering the IDC to expand its level of investments and enter the green...
Jan 26, 2015
The share price of cement producer PPC fell by as much as 8.6% on Monday on the news that it expects its headline earnings per share (HEPS) for the six months to end March 31, to be as much as 45% lower than in the comparable period the year before. The company,...
Jan 23, 2015
South Africa is poised to add yet more concentrating solar power (CSP) capacity, with two additional preferred projects named by the Department of Energy (DoE) and two others reaching financial close in December. The development brings to seven the number of active...
 
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