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Topic - Industrial Development Corporation
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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
Mar 20, 2015
Mar 19, 2015
 
 
 
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...
 
 
 
 
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
Specialist black-owned fund manager Mergence Investment Managers and the State-owned Industrial Development Corporation (IDC) will support ten small and medium-sized enterprise (SMEs) bidders with R600-million in debt funding allocated to the first phase of the Small...
Nov 28, 2014
Construction has begun on Africa’s largest wind power project.
Nov 18, 2014
JSE-listed cement producer PPC, which on Tuesday reported headline earnings a share (Heps) of 179c for the financial year ended September 30, said its African expansion strategy had gained “solid momentum” during the year, with construction on cement plants under way...
Nov 14, 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...
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.
 
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