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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. 

Positive prices buoying ferrochrome business – Merafe

By: Martin Creamer     3rd May 2017 Ferrochrome prices for the first half of 2017 are providing ongoing momentum for the ferrochrome business, which is poised to benefit from this year’s stainless steel production growth rate forecast of 3.5%. The demand for ferrochrome is driven overwhelmingly by the production of stainless steel,... 

Recent Contract Awards Buoy South African Marine Solutions Provider Amsol

     2nd May 2017 Two recent milestone contract awards to African Marine Solutions Group (AMSOL) have further supported the company’s growth strategy, following the acquisition of SMIT Amandla Marine in December 2016. AMSOL has been awarded a five-year contract by the South African Department of Transport to... 

Platinum's process leap given Parliamentary pep

By: Martin Creamer     28th April 2017 A significantly improved platinum group metals (PGMs) processing method has been developed with the assistance of South Africa's State-owned Industrial Development Corporation (IDC), Economic Development Minister Ebrahim Patel has informed Parliament. In response to questions posed by Shadow... 

CoAL making progress to re-enter market as coal producer – Brown

By: Anine Kilian     28th April 2017 Triple-listed Coal of Africa Limited (CoAL) is making good progress in re-entering the market as a coal producer, CEO David Brown said in a quarterly update to shareholders on Friday. The company earlier this month announced that it would buy Pan African Resources’ Pan African Resources Coal... 

Zambia said to near mine company stake sale to Israeli investor

By: Bloomberg     25th April 2017 Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in... 

AzarGen’s case for a commercial plant-made pharmaceutical facility in South Africa

     25th April 2017 AzarGen Biotechnologies, South Africa’s only private plant-based biopharmaceutical company, is imagining a world-class commercial plant-made pharmaceutical facility for South Africa. AzarGen, one of a few biopharming companies in the world focuses on developing human therapeutic proteins using... 

Pay-as-you-go microgrids seen offering rural electrification alternative

By: David Oliveira     21st April 2017 Pay-as-you-go solar microgrid solutions, coupled with energy storage, is proving to be a boon for the African communities they power and offers opportunities to entrepreneurs to tap into this growing market. South Africa has highlighted the potential of this system through the government Green... 

Seifsa extends deadline for excellence awards entries to April 28

By: Megan van Wyngaardt     13th April 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has extended the deadline for entries for its Awards for Excellence for 2017 to April 28, to afford more companies time to submit entries. “After countless queries from interested companies in the metals and engineering... 

BAIC introduces D20 range, second model to follow later this year 

By: Irma Venter     11th April 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”, said BAIC International VP Li Xiaofan on... 

Scaw expands chain-making capacity with R110m investment in automated plant

By: Terence Creamer     6th April 2017 Specialist steel products manufacturer Scaw Metals has invested R110-million to expand and modernise the production of large-diameter chain and masterlink components at its McKinnon Chain factory in Vereeniging, in southern Gauteng. Large-diameter chains are used in various industries for lifting... 

CoAL buys cash generative Uitkomst colliery while Makhado development advances

     5th April 2017 South Africa-focused Coal of Africa Limited (CoAL) has entered into a R275-million deal to acquire Pan African Resources Coal Holdings, a subsidiary of JSE-listed Pan African Resources, which holds a 91% interest in the Uitkomst colliery, in KwaZulu-Natal. The group also entered into a loan... 

DiamondCorp to retrench Lace employees

By: Megan van Wyngaardt     3rd April 2017 Dual-listed DiamondCorp will on Monday start retrenching employees at its Lace diamond mine (LDM), near Kroonstad. Discussions between its business rescue practitioners (BRPs) and the Association of Mineworkers and Construction Union have terminated, without a settlement being reached on a... 

IDC to support R&D of low-energy technology 

     23rd March 2017 The State-owned Industrial Development Corporation is fiercely supporting technologies that will enable South Africa to beneficiate more effectively and has set its sights on the research and development of low-energy technology. Mining Weekly editor Martin Creamer speaks to Creamer Media's... 

Agriculture department prefers 'measured approach' to poultry industry crisis

By: African News Agency      23rd March 2017 The department of agriculture preferred a more measured approach to dealing with the crisis in the South African poultry industry as opposed to the “trade war” with the European Union proposed by the Food and Allied Workers Union (Fawu), MPs were told on Wednesday. “As a department our view that... 

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

By: Sheila Barradas     17th March 2017 An update on the Renewable Energy Independent Power Producer Procurement Programme – third window. 

Strong outlook for recovering ferrochrome industry – Merafe

By: Martin Creamer     8th March 2017 Ferrochrome and chrome ore prices recovered from rock bottom in the first quarter of last year to levels twice and four times higher respectively in 2017, a year in which a shortage of electricity supply has ceased to be a constraining factor, ferrochrome company Merafe reports. Despite market... 

SA Taxi signs R100m finance deal with Sefa

By: African News Agency      1st March 2017 SA Taxi on Wednesday, signed a R100-million financing agreement with the Small Enterprise Funding Agency (Sefa) in a bid to support small business entrepreneurs running minibus taxi operations. SA Taxi, one of the country’s few developmental credit providers, said this initiative was expected to... 

Seifsa welcomes R95m steel development fund

By: Megan van Wyngaardt     22nd February 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Wednesday welcomed Finance Minister Pravin Gordhan’s R95-million allocation towards the establishment of a Steel Development Fund in the 2017 National Budget. The fund will be controlled by the Industrial Development... 

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