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Topic - Industrial Development Corporation
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...
Jan 08, 2015
An artist impression of the 100 MW Redstone Solar Thermal Power project
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...
Dec 19, 2014
Ferrochrome production at Glencore-Merafe's Lion smelter
The European benchmark price of ferrochrome has been settled 6% lower for the first quarter of this year. The first-quarter price of $1.08/lb is seven cents a pound lower than the current $1.15/lb price of the fourth quarter of 2014, the JSE-listed Merafe Resources...
Dec 17, 2014
David Brown
The deadline for the disposal of the Mooiplaats colliery by the triple-listed Coal of Africa Limited (CoAL) as well its capital-raising timeframe have been extended out. Johannesburg, London and Sydney-listed CoAL said on Wednesday that it had agreed to give suitor...
Dec 11, 2014
Eskom chairperson Zola Tsotsi
Cabinet on Thursday announced sweeping changes to the composition of the nonexecutive boards of State-owned power utility Eskom and transport utility Transnet.
Dec 05, 2014
If government wanted to increase South Africa’s productivity, the country needed to boost its manufacturing sector, Industrial Development Corporation head of corporate strategy and portfolio management David Jarvis said at the localisation infrastructure dialogue,...
Dec 05, 2014
Nov 28, 2014
Nov 18, 2014
Nov 14, 2014
Nov 13, 2014
Coal of Africa CEO David Brown
Triple-listed coal exploration and project development company Coal of Africa Limited (CoAL) has completed the first stage of its equity capital raising exercise. The South Africa-focused company, which trades its shares in Sydney, London and Johannesburg, said on...
Nov 10, 2014
Small Business Development Minister Lindiwe Zulu
The entrepreneurial climate in South Africa “is dire”, Small Business Development Minister Lindiwe Zulu lamented on Monday, noting that fewer than 14% of South Africans were planning to start a business in the coming three years. However, she also unveiled a target...
Nov 05, 2014
PPC executive chairperson Bheki Sibiya
Cement producer PPC on Wednesday said it had successfully acquired the Industrial Development Corporation’s 20% stake in Ethiopia-based Habesha Cement Share Company (HCSCo) for $13-million, increasing PPC’s shareholding in the company to 51%. PPC pointed out that...
Oct 31, 2014
A one-day workshop running alongside wind energy conference Windaba will provide a forum for idea sharing and best practice development to ensure the ZAR5 Billion to be generated for communities from wind farms is invested collaboratively and effectively. The title...
Oct 31, 2014
Over the past 20 years, there has been persistent concern about deindustrialisation in South Africa, as well as locally produced manufactured products having been increasingly displaced by imports. The very future of manufacturing has been called into question,...
Oct 31, 2014
Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Oct 31, 2014
In the first quarter of 2015, seven Vestas V112 wind turbines will be erected at the Chaba wind energy project.
Oct 29, 2014
Oct 29, 2014
The Inter-Ministerial Committee (IMC) that was established to revitalise distressed mining towns has mobilised municipalities to review their Integrated Development Plans (IDPs) to pave the way for new-look mining towns.   Mpho Ndaba, the Director: Revitalization of...
Oct 29, 2014
Trans Hex CEO Llewellyn Delport
The long-awaited acquisition by Trans Hex of the Namaqualand diamond mines from De Beers has become effective. The JSE-listed Trans Hex expects to receive cash flows of R653-million over the life of Namaqualand Mines, which have a resource of between 1.6-million...
Oct 28, 2014
South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean. The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy...
Oct 24, 2014
The detailed feasibility study on a two-phase steel project should be completed in the first quarter of 2015.
Oct 23, 2014
Oct 03, 2014
Geoffrey Qhena: The first three-million-ton phase is expected to be completed by 2017
The detailed feasibility study into a $4.5-billion, two-phase steel project planned for development by the Hebei Iron and Steel Group, of China, and South Africa’s Industrial Development Corporation (IDC) should be completed in the first quarter of 2015, IDC CEO...
Oct 03, 2014
The South African nuclear energy industry is currently dormant, but has the potential to “kick back into life” with adequate long-term planning and preparation, says engineering consulting firm GIBB power and energy GM Paul Fitzsimons. South Africa has one nuclear...
Oct 03, 2014
Two major announcements concerning the South African aerospace industry, both involving leading local company Aerosud Holdings, were made within 24 hours of each other, immediately before the start of the Africa Aerospace and Defence 2014 exhibition. The...
Oct 03, 2014
Transnet National Ports Authority has awarded Sunrise Energy a 30-year concession to build and operate the open-access LPG import terminal.
Oct 01, 2014
CoAL CEO David Brown
A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly seven-million tons of saleable...
Sep 30, 2014
Sep 30, 2014
Dr Rob Davies
Local jewellery manufacturers will, through the newly launched R100-million Gold Loan Scheme, have the opportunity to access loans at an interest rate of 3% to buy the gold needed to make jewellery. Trade and Industry Minister Dr Rob Davies launched the scheme on...
Sep 29, 2014
WorleyParsons has become the first consulting engineering firm in sub-Saharan Africa to act as Owner’s Engineer on concentrated solar power (CSP) projects in South Africa. This follows the recent award of two contracts to provide Owner’s Engineer services to the...
Sep 26, 2014
Sep 26, 2014
A R350-million assistance package offered by the South African government to existing or prospective local agricultural exporters to Cuba has, some four years after its original announcement, finally become available to exporters. Intended to stimulate bilateral...
Sep 25, 2014
Scaw CEO Markus Hannemann
Securing sufficient scrap metal of the correct quality in order to ensure the efficient and sustainable operation of numerous electric arc furnaces is a key challenge currently faced by the Scaw Metals Group of Ekurhuleni. Another challenge also being addressed by...
Sep 19, 2014
Funding is being secured for the unfunded portion of the ferromanagense smelter, in the Coega industrial development zone.
Sep 17, 2014
Leading South African aerospace company Aerosud Holdings announced on Wednesday that it had formed a strategic alliance with the Industrial Development Corporation (IDC). As a consequence, the IDC has taken a 26% shareholding in Aerosud Holdings. Aerosud Holdings has...
Sep 12, 2014
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies confirmed on Friday that the Hebei Iron and Steel Group, of China, was set to partner with the State-owned Industrial Development Corporation (IDC) on the development of steelmaking capacity based on the raw material...
Sep 12, 2014
Mpact has announced a major move into plastics recycling with the unveiling of plans for a state-of-the-art polyethylene terephthalate recycling plant.
Sep 05, 2014
Aerosud programme aimed at empowering lower-paid employees To quality as a broad-based black economic empowered (BBBEE) company in terms of the BBBEE Amendment Act, 2013, Aerosud is placing the focus on putting suitable mechanisms in place to enable its lower-paid...
Sep 05, 2014
Aerosud, South Africa’s leading aeromechanical parts manufacturer, has restructured its operations as part of a strategy aimed at ensuring continued strong growth. The restructure, put into effect in June, is directed at strategically positioning and financially...
Sep 01, 2014
Selby Nkwanyana and Nontsikelelo Kalashe
Anglo American company Kumba Iron Ore on Monday opened a sun-powered Internet school in Tembisa. The initiative, at Jiyana Secondary School, is the first of four such projects to better education, feed pupils and produce cooking gas from recycled waste.
Aug 18, 2014
The National Youth Development Agency (NYDA), Industrial Development Corporation (IDC) and the Small Enterprise Finance Agency (sefa) have launched a R2.7-billion Youth Fund aimed at creating millions of sustainable jobs. The launch took place at Langa township in...
Aug 15, 2014
The Development Bank of Southern Africa has signed a finance contract with the European Investment Bank to support the development of the 100 MW KaXu project.
Aug 15, 2014
Development Bank of Southern Africa Green Fund secretariat manager Michelle Layte noted that the local green economy needed to grow using fewer resources and the challenge was to come up with innovative ways of doing so by involving the youth.
Aug 13, 2014
JSE-listed paper and plastic packaging manufacturer and recycler Mpact has entered into an agreement with the Industrial Development Corporation (IDC) to build a R350-million polyethylene terephthalate (PET) recycling plant in Gauteng, the company announced on...
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