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Topic - Industrial Development Corporation
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Sep 04, 2015
MEC Sakhumzi Somyo
Updated 5 hours ago The R2-billion Kouga wind farm, located at Oyster Bay in the Eastern Cape, was officially opened on Friday by Economic Development, Environmental Affairs and Tourism MEC Sakhumzi Somyo. The power plant, which entered commercial operations earlier this year,...
Aug 28, 2015
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies this week relaunched the Support Programme for Industrial Innovation (SPII), which assists enterprises through the promotion of technology development and the provision of financial assistance for the development of...
Aug 28, 2015
DAVID MAKHURA The economic participation of black people in key sectors of the economy is important
Sector strategies to break the monopoly structured economy were being developed for Gauteng, said Premier David Makhura in Sandton last week.
Aug 18, 2015
David Makhura
Sector strategies to break the monopoly structured economy were being developed for Gauteng, said Premier David Makhura in Sandton on Monday.
Aug 14, 2015
A South African entrepreneur has pioneered a wind-powered generator that operates as an independent mini power station for households and small businesses. The Psiclone wind generator, which had been rigorously tested in partnership with Fort Hare University’s...
Aug 05, 2015
Despite missing an initial three-month deadline to conclude the business rescue proceedings of Evraz Highveld Steel and Vanadium, the South African steelmaker’s appointed business rescue practitioners (BRPs) say there is a “reasonable prospect” that the company will...
Aug 04, 2015
Limpopo-based Palabora Copper on Tuesday confirmed that operations at its copper mine, in Phalaborwa, had been halted since Friday night, as Ba-Phalaborwa community members embarked on violence and intimidation sparked by what the company claimed was propaganda....
Jul 23, 2015
ArcelorMittal South Africa CEO Paul O’Flaherty
South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) gave notice on Thursday that it was weighing the partial or full closure of its Vereeniging Works, in southern Gauteng, and would make a decision of the plant’s future by the end of August. At...
Jul 23, 2015
Jul 21, 2015
Jul 21, 2015
Jul 17, 2015
 
 
 
Jul 15, 2015
Zoya Sisulu
With debt issuance volumes of R67.5-billion in the first half of this year, banking firm Standard Bank South Africa (SBSA) expects issuance to remain robust, with a forecast growth of 5.6% for the year ahead. SBSA debt primary markets head Zoya Sisulu noted, however,...
Jul 15, 2015
There were indications of private equity fund growth in South Africa as the asset class started making its mark and proving its worth for potential investors. Private equity funds still remained a small part of the world’s asset classes, accounting for only...
Jul 13, 2015
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
Jul 10, 2015
Although the Department of Small Business Development (DSBD) aims to use small businesses and cooperatives as vehicles to redistribute South Africa’s wealth, access to funding for small and medium-sized enterprises (SMEs) remains a concern. To strengthen its hand,...
Jul 10, 2015
As part of its initiative to provide management and financial support for young entrepreneurs, the Small Enterprise Finance Agency (Sefa) hosted a youth entrepreneur’s event in Soweto last month to address challenges faced by the youth in their businesses.
Jul 10, 2015
Although the Department of Small Business Development (DSBD) aims to use small businesses and cooperatives as vehicles to redistribute South Africa’s wealth, access to funding for small and medium-sized enterprises (SMEs) remains a concern.
Jul 03, 2015
Jun 29, 2015
Advanced manufacturing was internationally regarded as critical to reversing the economically-stifling effects of increasing deindustrialisation and could prove to be the answer to South Africa’s stagnant growth rate, the Manufacturing Indaba heard on Friday....
Jun 29, 2015
As the Department of Telecommunications and Postal Services (DTPS) outlined its efforts to rationalise the State-owned companies (SOCs) that report to it, confusion had shrouded the deliberations of the governing parliamentary portfolio committee as there were more...
Jun 26, 2015
Black-owned multidisciplinary consulting engineering firm Gibb is exposing its junior engineers to as many large-scale projects as possible to secure development of the company and South Africa’s consulting engineering sector. Gibb environmental services GM and...
 
 
 
 
Jun 24, 2015
IDC research and information head Jorge Maia
Foreign direct investment (FDI) flows to South Africa fell by over 31% last year to $5.72-billion, from $8.3-billion in 2013, the latest World Investment Report (WIR 2015) shows. The decline in what is known to be a volatile number, drawn from South African Reserve...
Jun 24, 2015
Government’s investment arm, the Public Investment Cooperation (PIC), and various State development banks and institutions have taken centre stage in South Africa’s private equity investment sector, representing, for the first time, the largest chunk of funds...
Jun 22, 2015
Negotiations between South Africa-focused Resource Generation (Resgen) and a club of potential financiers regarding project finance for the Boikarabelo mine development are continuing. The ASX- and JSE-listed coal company on Monday said the process to reach an agreed...
Jun 19, 2015
Mining contractor Murray & Roberts Cementation has been awarded a mining contract for the Kalagadi Manganese operation.
Jun 17, 2015
President Jacob Zuma
Despite acquiring education, many young South Africans are struggling to secure employment, President Jacob Zuma said on Tuesday. “Our youth has responded positively to our promotion of education. They continue to flock to higher education institutions each year,...
Jun 10, 2015
Minister Ebrahim Patel
Owing to the production of poor-quality fibre by Sustainable Fibre Solutions, which was started using a R130-million loan from the Industrial Development Corporation (IDC) in 2006, the processing plant has failed to penetrate the market and has been mothballed in an...
Jun 09, 2015
Marking a government-driven effort to roll back South Africa’s stalled employment rate and boost economic inclusion of the youth, President Jacob Zuma on Tuesday met with representatives of various youth organisations in a bid to thrash out the 2020 iteration of...
Jun 05, 2015
Dual-listed independent power plant developer Ipsa has started the drawdown of a R15.4-million loan facility granted by the Industrial Development Corporation (IDC). The loan would be used to repay Ipsa subsidiary Newcastle Cogeneration’s indebtedness and to pay the...
May 29, 2015
There are growing indications that the South Africa government is seeking to change gears in the area of black economic empowerment (BEE), with the departments of Trade and Industry (DTI) and the Economic Development planning to leverage public procurement, incentive...
May 29, 2015
There are growing indications that the South Africa government is seeking to change gears in the area of black economic empowerment (BEE) , with the Department of Trade and Industry (DTI) and the Economic Development Department planning to leverage public...
 
 
 
 
May 27, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium on Wednesday announced that a dispute with financial services provider Sasfin Bank had been resolved. On Monday, Evraz Highveld said it had launched an urgent High Court...
May 25, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has launched a High Court application against financial services provider Sasfin Bank. The JSE-listed company on Monday said that, in the application, which was submitted to the...
May 22, 2015
Trade and Industry Deputy Minister Mzwandile Masina
The Department of Trade and Industry (DTI), which last year committed to the initial creation of more than 100 black industrialists within three years, has developed a draft policy framework to guide the introduction of financial and nonfinancial support mechanisms...
May 15, 2015
The value added to the economy by the manufacturing sector has declined from 15.3% of gross domestic product (GDP) in 2004 to 13.9% in 2014, signalling the continued evolution towards a service sector-led South African economy, the National Advisory Council on...
May 12, 2015
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel reported on Tuesday that the Industrial Development Corporation (IDC) would set aside R23-billion to support black industrialists over the coming five years. The resources formed part of a larger R100-billion that the...
May 08, 2015
May 08, 2015
WorleyParsons has reported that construction is running smoothly at the Khi Solar One concentrated solar power plant.
May 08, 2015
The Xina concentrated solar power plant has successfully reached financial close.
May 07, 2015
Picture: Nguni SA
To increase the number of black livestock farmers in Gauteng, provincial government on Thursday handed over Nguni cattle to three livestock farmers in Tshwane as part of its Nguni Cattle Project. “This initiative must not be seen in isolation from our strategy to...
May 07, 2015
Trade and Industry Minister Dr Rob Davies
The development of a specific support framework for black industrialists has been flagged for the first time in the latest version of the South African government’s Industrial Policy Action Plan (Ipap). The 2015 document – the seventh iteration of the yearly plan –...
 
 
 
 
Apr 29, 2015
Zanele Matlala
The shares of the black-run Merafe Resources rose sharply following the announcement that Royal Bafokeng Holdings had sold its entire shareholding to Glencore, with which Merafe has the Glencore-Merafe Chrome Venture in Limpopo province. The share price rose by 7.7%...
Apr 22, 2015
Zanele Matlala
The black-owned and black-managed ferrochrome company Merafe said on Wednesday that its chrome venture with Glencore had lifted production by 15% in the three months to March 31. The company, headed by CEO Zanele Matlala, saw its share price rise by 1.32% to 77c a...
Apr 22, 2015
On the heels of Energy Minister Tina Joemat-Pettersson’s recent announcement of the preferred bidders under the fourth bidding round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), renewable-energy specialists, energy policymakers...
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.
 
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