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Industrial base growth will stimulate province’s steel industry

     Updated 3 hours ago Growing the Eastern Cape industrial base will assist in stimulating growth in the struggling steel industry, says the Industrial Development Corporation (IDC). 

Manufacturers on receiving end of weak economy

     Updated 3 hours ago Manufacturers in South Africa are on the receiving end of the weak economy as there is little room to pass on cost increases, says Steel and Engineering Industries Federation of Southern Africa (Seifsa) economist Marique Kruger. 

Study urges South Africa to find energy-storage niche

By: Mia Breytenbach     17th August 2017 With energy storage considered to be the “new wave” in the energy sector and increasingly becoming a reality, South Africa needs to prepare itself if it wishes to take advantage of the energy storage growth opportunities within the energy storage stationary value chain and the mobility value... 

Bushveld Energy, IDC studies indicate favourable vanadium battery, electrolyte demand

By: Mia Breytenbach     16th August 2017 There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid markets, with demand to peak in 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy subsidiary... 

Progressive moves

By: Terence Creamer     11th August 2017 The decision of the Industrial Development Corporation (IDC) to publish the identities of its new clients, including those officially identified as politically exposed people (PEPs), should be applauded. Such disclosure affects all of the State-owned development finance institution’s funding... 

Sunrise Energy liquefied petroleum gas import terminal, South Africa

By: Creamer Media Reporter      11th August 2017 The terminal was officially launched on August 8. 

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

By: Anine Kilian     7th August 2017 Sunrise Energy's R1.02-billion open-access liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, in the Western Cape, will enable the import of LPG in large quantities, boosting regional energy security and increasing downstream competition. The facility, which is Africa's... 

As batteries make power play, South Africa mulls market participation

By: Irma Venter     4th August 2017 The world changed more than could be imagined in the 1990s. Not only was it the advent of all things Internet and digital connectivity, it also saw the birth of the rechargeable lithium battery, required to charge humankind’s new tools, such as cellphones and laptop computers. Today, the chase is... 

As batteries make power play, South Africa mulls market participation

By: Irma Venter     4th August 2017 The world changed more than could be imagined in the 1990s. Not only was it the advent of all things Internet and digital connectivity, it also saw the birth of the rechargeable lithium battery, required to charge humankind’s new tools, such as cellphones and laptop computers. Today the chase is... 

Group’s contracts set to increase marine protection in South Africa

     4th August 2017 African Marine Solutions Group (Amsol) states that two milestone contract awards have further supported the company growth strategy since its acquisition of maritime services provider SMIT Amandla Marine in December.  

IDC addresses transparency, governance concerns 

     3rd August 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about new measures being implemented by the Industrial Development Corporation (IDC) to improve transparency and governance, as well as about the IDC’s investment and disbursement plans for the current financial year. 

IDC reports strong rise in support for black industrialists as disbursements fall  

By: Terence Creamer     31st July 2017 South Africa’s Industrial Development Corporation (IDC) has announced that its funding approvals have increased to a record R15.3-billion in 2017, but also confirmed that it would not meet a five-year target, set in 2015, of R100-billion in approvals by 2020. Presenting the financials in... 

Restructuring of Scaw into three standalone entities at an advanced stage 

By: Terence Creamer     31st July 2017 South Africa’s State-owned Industrial Development Corporation (IDC) announced on Monday that the restructuring of its steel subsidiary Scaw Metals into three standalone entities was at an advanced stage, as were plans to secure strategic equity partners (SEPs) for each of the units. Speaking at... 

Names of all IDC clients, including politically exposed people, now being made public 

By: Terence Creamer     31st July 2017 The Industrial Development Corporation (IDC) has officially started to publish, on its website, the identities of all of its clients, including those officially identified as politically exposed people (PEPs). This disclosure affects all of the State-owned development finance institution’s... 

Stop moratorium now, NUM instructs DMR 

By: Martin Creamer     26th July 2017 The National Union of Mineworkers (NUM) said on Wednesday that it is deeply concerned by the current consideration by the Minister of Mineral Resources Mosebenzi Zwane to put in place a mineral rights moratorium until the finalisation of the Mining Charter Three court challenge by the Chamber of... 

Free State natural gas project, South Africa

By: Sheila Barradas     21st July 2017 Tetra4 is waiting for the final record of decision from the Petroleum Agency of South Africa for development to start. 

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Greenhouse tightening as govt imposes Paris agreement – Exxaro

By: Martin Creamer     26th June 2017 The legislative changes around emission of greenhouse gases is becoming more onerous as the South African government implements the Paris Agreement, diversified black-owned resources group Exxaro said on Monday, when the coal-mining major announced that “good progress” had been made finalising... 

VescoPlastics’ strong training heritage recognised

By: David Oliveira     23rd June 2017 For its commitment to training, local polymer bearing manufacturer   VescoPlastics received the Artisan Award at the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Awards for Excellence, which were held last month at the Industrial Development Corporation Conference... 

Ngonye (formerly Mosi-oa-Tunya) photovoltaic solar project, Zambia

By: Sheila Barradas     16th June 2017 The project involves the construction of a 34 MW solar photovoltaic project. 

Onshore gas production Africa: ‘We’ve walked the road many still fear to tread’ Renergen COO

     15th June 2017 South Africa’s sole onshore natural gas project Tetra4 owner Renergen has just secured $17m of government funding. Chief Operating Officer Nick Mitchell will reveal more about this landmark project at the Oil & Gas Africa Conference in Cape Town next month Thirteen gas wells make up the Tetra4... 

Agribusiness confidence index remains in expansionary territory despite marginal Q2 decline

By: Anine Kilian     12th June 2017 The Agbiz/ Industrial Development Corporation (IDC) Agribusiness Confidence Index declined by one Index point to 56 points in the second quarter of this year. Despite the slight decline in confidence, the sector remains in expansionary territory. 

Sunrise Energy liquefied petroleum gas import terminal, South Africa

By: Sheila Barradas     9th June 2017 One of two international traders has discharged 2 450 t of liquefied petroleum gas through Sunrise’s Saldanha Bay terminal, in the Western Cape. 

Diamond junior sector in urgent need of fixing – Bristow 

By: Martin Creamer     8th June 2017 South Africa needs to fix its declining junior mining sector because the country still has amazing mineral deposits that its mining entrepreneurs are best placed to mine, Global Diamond Network director Dr John Bristow told the Junior Indaba on Thursday. Bristow, who has an illustrious record as... 

Protection and recovery in infrastructure spend to determine fate of revived Highveld mill

By: Terence Creamer     6th June 2017 The newly reopened heavy structural mill (HSM) at Highveld Steel, in Mpumalanga, is expected to ramp up to its 18 000 t/m nameplate capacity over the coming few months, having produced 4 100 t since its initial restart in April. However, both Highveld and ArcelorMittal South Africa (AMSA), which... 

IDC raises black industrialist funding target to R7.4bn for FY18

By: Terence Creamer     5th June 2017 The Industrial Development Corporation (IDC) is budgeting to pick up the pace of lending to black industrialists during its 2017/18 financial year, during which it aims to increase approvals to around R7.4-billion, from R4.7-billion in 2016/17. Divisional executive for agro, infrastructure and... 

Zambezi Protocol to serve as guide for identity-changing chamber 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Applications for new R1.5bn steel incentive open on June 1

By: Terence Creamer     25th May 2017 Economic Development Minister Ebrahim Patel released details on Thursday of a new R1.5-billion incentive for downstream steel manufacturers, which would be implemented from June 1. The incentive, officially named the ‘Downstream Steel Industry Competitiveness Fund’ is to be administered by the... 

DTI to reveal list of incentive beneficiaries by end-July

By: Megan van Wyngaardt     25th May 2017 The Department of Trade and Industry (DTI) on Thursday said it would, following a request for information from a number of stakeholders, release a list of beneficiaries across its incentives programmes at the end of July. The list will be made available along with an incentive report that details... 

IDC approves R218m loan for development of Free State natural gas project 

By: Terence Creamer     24th May 2017 South Africa’s State-owned Industrial Development Corporation (IDC) has approved R218-million in loan finance to support the further development of a natural gas resource in the Free State through the creation of a 107-km pipeline network and associated gas processing facilities. The funding,... 

DTI refuses to release list of black industrialist scheme beneficiaries for fear they will be ‘harassed’ 

By: Terence Creamer     23rd May 2017 Trade and Industry Minister Dr Rob Davies showcased four recipients of government’s flagship Black Industrialist programme (BIP) during his Budget Vote on Tuesday, but astonishingly refused to release the names of all 46 recipients of the non-refundable government grants and concessional loans.... 

BAW, IDC invest R250m to expand Gauteng minibus taxi plant

By: Irma Venter     19th May 2017 Beijing Automotive Works (BAW) and the Industrial Development Corporation (IDC) will invest R250-million to expand and upgrade its minibus taxi plant, in Springs, Gauteng. The facility currently assembles the Sasuka 16-seater taxi from semi knocked-down kits, for the South and Southern African... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

Ethiopia says it will continue to support cement investments

By: John Muchira     12th May 2017 Ethiopia will continue to offer investors in the cement industry attractive incentives as it seeks to dominate the cement trade in the wider East Africa region. Cement production in the Horn of Africa nation has increased tenfold during the past decade, owing to the entry of new investors... 

Gladys Mawoneke

     12th May 2017 This week we feature Gladys Mawoneke, CEO of Breva Beverages, a manufacturer, marketer and wholesaler of alcohol-free beverages for adults   

Davies promises support for downstream firms as he confirms steel safeguard duty  

By: Terence Creamer     8th May 2017 Trade and Industry Minister Dr Rob Davies confirmed on Monday that he had signed off on a hot-rolled coil (HRC) safeguard duty, but refused to be drawn on the duty level proposed until the Word Trade Organisation (WTO) had been notified. Speaking in Johannesburg at the release of the ninth... 

BAW invests R250m to upgrade Springs taxi plant 

By: Irma Venter     8th May 2017 Beijing Automotive Works (BAW) and the Industrial Development Corporation (IDC) will invest R250-million to expand and upgrade its minibus taxi plant, in Springs, Gauteng. The facility currently assembles the Sasuka 16-seater taxi from semi knocked-down kits, for the South and Southern African... 

BAIC unveils passenger car offering for SA

By: Irma Venter     5th May 2017 Beijing Automotive Industry Group Company (BAIC) has unveiled the passenger car that it hopes will secure its first customers in the South African market. The D20 compact hatchback and sedan range “is a boutique small car for the South African market”, says BAIC International VP Li Xiaofan. 

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