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IDC met with Atul Gupta, but never at Saxonwold – CEO

By: News24Wire      24th May 2016 Industrial Development Corporation (IDC) officials met with Atul Gupta and members of his business ahead of providing financial assistance to Oakbay Resources & Energy, it was revealed on Tuesday. IDC CEO Geoffrey Qhena confirmed the meetings took place in a written reply provided by Economic... 

First permanent infrastructure being built at new DRC tin mine

By: Martin Creamer     23rd May 2016 The first permanent mining infrastructure is being built at the proposed new tin mine at Bisie, in the Democratic Republic of Congo (DRC), for which $130-million is being raised. Alphamin Resources CEO Boris Kamstra said the return airway drive being built would be used to acclimatise mining... 

Collaboration And Integrity Required For Infrastructure Project Success Says Arup SA

     23rd May 2016 “Two key factors for the success of infrastructure projects in Africa is the collaboration between the private and public sector, whilst using a third party for early engagement and de-risk; and integrity in the design process,” said Poya Rasekhi, Chief Executive Officer of Arup SA, at the recent... 

ARV project’s third attempt to supply affordable medicine

     20th May 2016 Government driven initiative the Ketlaphela project, which is aimed at establishing a fully backward integrated pharmaceutical company that bridges the gap between research and development capabilities in South Africa, is going through its third attempt at being implemented. 

African Infrastructure Leaders Discuss Innovation in Gauteng

     16th May 2016 Top-level executives and heads from Africa’s leading infrastructure and construction companies and institutions met to discuss strategies to foster industrialisation at a special event held in Johannesburg. The Captains of Construction annual leadership forum included delegates and special... 

Northam raises R175m for growth projects

By: Natasha Odendaal     13th May 2016 JSE-listed Northam Platinum on Friday said it had successfully raised term debt through the issue of R175-million of five-year senior unsecured fixed-rate domestic medium-term notes. The proceeds were expected to further strengthen Northam’s balance sheet and bolster the funding for the company’s... 

Lily Mine: Workers encouraged to apply for voluntary severance packages

By: African News Agency      13th May 2016 Workers at the doomed Lily gold mine in Barberton, Mpumalanga, have been informed that they may begin to apply for voluntary severance packages as the mine had no money to pay their salaries yet, trade union Solidarity said on Thursday. According to Solidarity, a business rescue practitioner... 

Renewable Energy Independent Power Producer Procurement Programme – third window, South Africa

By: Sheila Barradas     13th May 2016 An update on the third round of the Renewable Energy Independent Power Producer Procurement Programme. 

Saldanha liquefied petroleum gas import terminal, South Africa

By: Sheila Barradas     13th May 2016 The fabrication of liquefied petroleum gas (LPG) vessels, known as bullets, for the open-access LPG terminal has been completed. 

The Industry of Steel – to reboot or to boot?

By: Riaan de Lange     13th May 2016 “The Industry of Steel” - Reboot or Boot? Superman, now the intellectual property of DC Comics, debuted in June 1938, when it appeared on the cover of the Action Comics #1, having been published on April 18, 1938. If you should have a copy, it is worth more than $137 000. David Gonzalez recently... 

Special Africa Hub will help deliver multibillion-dollar infrastructure projects

By: African News Agency      11th May 2016 The formation of a special hub to drive multi-billion dollar infrastructure investment was announced at the World Economic Forum (WEF) on Africa meeting in Kigali, Rwanda, on Wednesday. The Sustainable Development Investment Partnership (SDIP) announced the creation of a dedicated Africa hub... 

Mpact officially opens R350m rPET recycling plant 

By: Natasha Odendaal     10th May 2016 Paper and plastics packaging business Mpact’s new R350-million polyethylene terephthalate (PET) recycling operation in Wadeville, Germiston, has resulted in South Africa becoming the twenty-fourth country – and the first on the African continent – to meet beverage company The Coca-Cola Company’s... 

Technical team set up to craft post-2020 automotive master plan

By: Terence Creamer     9th May 2016 Trade and Industry Minister Dr Rob Davies formally announced on Monday the establishment of a team of technical experts to develop a “post-2020 Automotive Master Plan”, which would guide support for the sector beyond the current Automotive Production and Development Plan (APDP). Speaking during... 

Fabrication of ‘bullets’ for R1.2bn Saldanha LPG facility completed

By: Creamer Media Reporter      9th May 2016 The fabrication of liquefied petroleum gas (LPG) vessels, or ‘bullets’, for an open access LPG terminal being developed at Saldanha Bay, in the Western Cape, has been completed. Sunrise Energy reported on Monday that the bullets would be moved to the terminal site over the coming five weeks,... 

Ramaphosa to lead SA delegation to World Economic Forum in Rwanda

By: African News Agency      9th May 2016 Deputy President Cyril Ramaphosa will this week lead a high-level government and business delegation to the annual World Economic Forum (WEF) Africa scheduled for Rwanda’s capital Kigali from Wednesday. The Presidency on Monday said Ramaphosa will lead the delegation to the three day WEF... 

sefa assists small businesses and cooperatives

By: Creamer Media Reporter      6th May 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 Chief Executive Officer,... 

Land Bank offers drought-affected farmers soft loans

By: Mia Breytenbach     15th April 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 the drought and return to... 

Seifsa appeals for urgent resolution of manufacturing challenges  

By: Anine Kilian     13th April 2016 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). Seifsa chief economist Henk... 

Alstom moves to solidify local presence with 51% stake in CTLE

By: Natasha Odendaal     7th April 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 Nigel-based train modernisation... 

Alstom completes acquisition of 51% stake in CTLE

By: Natasha Odendaal     6th April 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 MD and now Ubunye’s new CEO... 

Grant Neser

     1st April 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 

Black industrialists funding forum sifting through first 50 applications 

By: Terence Creamer     31st March 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 the Black Business Council... 

Land Bank offers drought-affected farmers relief measures

By: Mia Breytenbach     30th March 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 the drought and return to... 

First ARVs from State-owned pharmaceutical company expected by 2017

By: News24Wire      29th March 2016 During his State of the Nation Address, President Jacob Zuma announced that a State-owned pharmaceutical company called Ketlaphela had been established. He noted that “the company will participate in the supply of antiretroviral drugs to the Department of Health from the 2016/17 financial year”. 

Contraction of paper industry unlikely despite challenges

By: Robyn Wilkinson     25th March 2016 Despite the difficult economic climate, Paper Manufacturers Association of South Africa (Pamsa) executive director Jane Molony believes that it is unlikely that there will be significant contraction in the paper industry this year. 

Renewable Energy Independent Power Producer Procurement Programme – third window, nationwide, South Africa

By: Sheila Barradas     18th March 2016 An update on the Renewable Energy Independent Power Producer Procurement Programme – third window. 

Seifsa bemoans lack of ‘concrete plans’ to tackle slow pace of economic growth 

By: David Oliveira     18th March 2016 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 growth. Speaking a day after... 

Building the Perfect Public-Private Partnership in Africa

     16th March 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 African continent, with PPPs now... 

Continued Infrastructure Development Essential In Unlocking Africa’s Economic Growth Potential

     11th March 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 direct investment. This... 

The Continental Free Trade Area Is Paramount In Unlocking Africa’s Economic Growth Potential

     11th March 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 Officer Kaizer Nyatsumba said... 

Struggling Metals And Engineering Sector To Come Under Scrutiny

     11th March 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 held at the Industrial... 

Cabinet sheds light on minimum wage and drought  

By: News24Wire      8th March 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 utterances on land claims. Labour... 

German fan specialist acquires majority share in local company

By: David Oliveira     26th February 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 management team remains the minority... 

Lack of planning to address slow economic growth worrying – Seifsa

By: David Oliveira     25th February 2016 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 growth. Speaking a day after... 

SA 2016/17 BUDGET

     25th February 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 

Enviro department says it’s not to blame for Highveld Steel closure

By: African News Agency      22nd February 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, business-rescue practitioners have... 

Ipsa shareholders approve sale of sole operating asset

By: Creamer Media Reporter      17th February 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 avoid sending NewCogen – its... 

Unions urge govt to prevent Highveld collapse 

By: Creamer Media Reporter      16th February 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 1 800 of its staff members as... 

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