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Topic - Industrial Development Corporation
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Mar 02, 2015
Economic Development Minister Ebrahim Patel
Updated 28 minutes ago 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
Feb 13, 2015
Feb 09, 2015
Feb 05, 2015
 
 
 
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.
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...
 
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