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Disruptive forces set to change power utility business models

1st February 2019 It appears that several disruptive forces are set to threaten the traditional power utility business model. Distributed power generation, technological advances and changing customer perspectives are among some of the major influencers responsible for this transformative change. This volatile... 

Business insolvencies to remain as long as GDP growth is subdued – Euler Hermes

By: Marleny Arnoldi     22nd January 2019 Credit insurance company Euler Hermes expects business insolvencies in South Africa to increase by about 2% this year, following a 3% increase in 2018. The company stated on Tuesday that this was the first outright deterioration since 2009 and the global financial crisis.  

SAA appoints former prosecution chief to its group executive 

By: Rebecca Campbell     15th January 2019 Embattled State-owned flag-carrier South African Airways (SAA) announced on Tuesday that Advocate Vusi Pikoli had been appointed as the airline’s Chief Risk and Compliance Officer. He will take up the post on February 1. Pikoli is currently an advisor to the Minister of State Security. He was,... 

E-toll management company works to make Gauteng freeway project sustainable as it seeks to re-win tender 

By: Natasha Odendaal     31st October 2018 The Electronic Toll Collection (ETC) will continue managing the e-tolling systems on Gauteng’s freeways on behalf of the South African National Roads Agency Limited (Sanral) until at least December 2019, as the State-owned roads agency works on a new tender. Eight years after being established as... 

Indian govt to divest 9% of Coal India equity

By: Ajoy K Das     31st October 2018 In a sudden move, the Indian government on Wednesday announced that it would disinvest 9% of its equity holding in Coal India Limited (CIL) through an offer for sale (OFS) to institutional and retail investors. The sale of 9% equity from total existing government holding of 78.32% was expected... 

Sanral e-toll proposals are desperate threats – Outa

By: Sashnee Moodley     17th October 2018 The South African National Roads Agency Limited’s (Sanral’s) various proposals to try and force motorists to pay outstanding e-toll bills are desperate threats and will be extremely difficult to implement, said the Organisation Undoing Tax Abuse (Outa) on Wednesday. Sanral CEO Skhumbuzo Macozoma... 

Climate-related financial disclosure becoming more mainstream – G20 task force

By: Reuters     26th September 2018 Climate-related disclosure is becoming mainstream as more firms support and align their financial reporting to recommendations by a global task force though few disclose the financial impact on the company, a survey shows. The Task Force on Climate-Related Financial Disclosures (TCFD) was set up... 

Cloud shift starting to take place in SA financial service sector

21st September 2018 Mounting pressure on financial service institutions has forced a change in strategy as disruptors redefine the competitive landscape.  Andrew Cruise, CEO, Routed, a vendor neutral cloud infrastructure provider, says that thanks to the cloud and a growing base of market disruptors, innovation and... 

Top trends that are likely to change the way we work and live

By: Kim Cloete     14th September 2018 Quantum computing and flying cars are two of the top trends that Frost & Sullivan has outlined within its top trends for 2018/19 at its CEO Think Tank in Cape Town.  The company has looked at trends that are changing the way we work and live. 

Security breach puts Liberty at risk – Redstor

9th July 2018 While established insurance firm Liberty continues to throw everything it has at an investigation into the recent major data breach, the incident is a stark reminder to businesses that cyber security should be a constant priority – a company’s guard must always be up. This is the warning from... 

From concept to reality: bringing digital transformation into focus

2nd July 2018 The incredible announcement from Uber at this year’s annual Elevate conference in Los Angeles sent echoes across the globe, stirring imaginations about just what’s possible with new technologies. The transportation giant unveiled its electric-powered ‘flying car’ – looking like a hybrid of a... 

Gas Practitioners -Ensuring safety

13th June 2018 The increasing availability of gas in South Africa has impacted many households and commercial spaces as homeowners and business owners migrate to gas as an energy alternative. The increase in availability has impacted the increase in demand, however, this could have also initiated an increase in... 

Taxi industry calls for subsidies at public transport market inquiry, bemoans planning weakness

By: Marleny Arnoldi     4th June 2018 The South African National Taxi Council (Santaco) on Monday voiced its concerns about the state of the taxi industry on the first day of the Competition Commission’s land-based public passenger transport market inquiry, which is in its information gathering phase. The inquiry will look at various... 

Cancer, heart disease leading causes of deaths, SA claims stats show

By: Schalk Burger     11th May 2018 Cancer and heart disease constituted 44% of death and disability claims paid by insurance provider Liberty in 2017, says Liberty Risk Product Development head Henk Meintjies. Cancer remains the leading cause for claims at 24.3%, followed by cardiac and cardiovascular conditions at 19.8% of all... 

AfDB officially launches Africa Investment Forum

By: Anine Kilian     8th May 2018 The African Development Bank (AfDB) on Tuesday launched its Africa Investment Forum (AIF), which will seek to attract investment and public–private partnerships aimed at transformative development on the continent. “The AfDB is championing the AIF as a platform to actively engage the private... 

Mining regulation changes in sub-Saharan Africa will continue to fuel uncertainty – BMI

By: Simone Liedtke     16th April 2018 Changes to the mining regulations in various markets across sub-Saharan Africa will continue to fuel uncertainty among investors and pose downside risks to forecasts in the region, says market researcher BMI Research. Internal political and economic considerations, as well as a more favourable... 

Kenyan fund targets $15m green bond for water projects

By: Reuters     4th April 2018 A nonprofit organisation plans to issue a 1.5-billion shilling ($15-million) bond this year to fund Kenyan water utilities. Robert Bunyi, chief Executive Officer of the Kenya Pooled Water Fund, said on Wednesday it aimed to launch a 15-year instrument and to have it certified as a green bond. 

Sub-Saharan African mining sector to continue facing illegal mining challenges, regulatory risks

By: Marleny Arnoldi     3rd April 2018 Widespread illegal mining activity and rising regulatory risks are two of the biggest challenges that will face the sub-Saharan Africa mining sector in the coming months, research and analysis firm BMI Research says.  

Financial M&A deals in Africa, Middle East to drop in 2018 – Baker McKenzie

By: Marleny Arnoldi     28th March 2018 Law firm Baker McKenzie’s global transactions forecast predicts that the value of financial sector mergers and acquisitions (M&A) in Africa and the Middle East will drop to $9-billion in 2018, down sharply from $29.5-billion in 2017.  

Cartrack aiming to expand affordable vehicle insurance cover

By: Irma Venter     23rd March 2018 Fleet management, vehicle recovery and telematics group Cartrack aims to expand its newly launched affordable vehicle insurance product range over the next six to 18 months. Cartrack unveiled a R9.99 product in February, strictly for vehicle theft and hijackings, through its new subsidiary,... 

Cartrack introduces ‘low-cost’ theft-only insurance product

By: Irma Venter     2nd March 2018 Fleet management and vehicle tracking group Cartrack has launched a R9.99-a-month theft-only insurance product, although true price is closer to R108.99, when all costs are included. The JSE-listed group says the “first-to-market innovative insurance offering for vehicle theft” targeted the... 

Tanzania's new mining rules impose restrictions on foreign banks, insurers

By: Reuters     21st February 2018 Foreign-owned banks, insurance companies and law firms could be locked out of Tanzania's mining sector as part of tough new regulations that aim to limit foreign ownership of mining-related activity. Africa's fourth-largest gold producer is seeking to take more of the profits from its vast... 

Coal buyers spooked by Indonesia's new shipping rules – association

By: Reuters     8th February 2018 Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said on Thursday. Jakarta issued rules in October requiring coal and palm oil... 

AfDB boosts ALBC Fund books with R140m loan

By: Megan van Wyngaardt     5th February 2018 To further enhance the African Local Currency Bond Fund (ALCB Fund) portfolio and promote the development of domestic capital markets across the continent, the African Development Bank (AfDB) has approved a loan of R140-million. The senior loan, with a seven-year tenor including a two-year grace... 

DoL mandates committee to ensure practitioners are certified

2nd February 2018 The Department of Labour (DoL) has mandated the South African Qualification and Certification Committee for Gas (SAQCC Gas) to ensure that all gas practitioners are trained and certified through the four different gas associations. These associations are the Liquefied Petroleum Gas Safety... 

Talking openly about selective application of local content requirements for valves

24th November 2017 The Association of Valve Importers South Africa (AVISA) is a voluntary association of valve importers whose mission is to ensure that its members are treated in a fair and equitable manner by national, provincial or local spheres of government. AVISA supports local manufacturing in South Africa... 

Insurance plays vital role in construction project success

By: Simone Liedtke     13th October 2017 Owing to insurance playing a vital role in the ultimate success of a construction project, insurance provider Risk Benefit Solutions (RBS) says contractors and engineers need to ensure that a contract includes the contractor all risk policy, which includes cover against damage and any liabilities... 

KPMG Gupta blunder could see tighter audit policy, says SARB

By: African News Agency      26th September 2017 The South African Reserve Bank (SARB) said on Tuesday recent developments involving embattled audit firm KPMG SA may compel it to consider policy changes to further strengthen governance and transparency within the auditing and accounting professions. KPMG in South Africa failed to flag monies... 

Analytics facilitates machine learning and AI systems

By: Schalk Burger     15th September 2017 Analytics is an important component of the technology mix and technologies, such as artificial intelligence (AI) and machine learning, will not deliver strategic business value without effective analytics at their core, says enterprise resource planning multinational SAP Africa Business Analytics... 

Thinking out of the Box

22nd August 2017 Having been smashed off its rail mountings by a passing ship, a 900 ton ship loader belonging to Durban Port operator Bulk Connections, a Bidvest Company, the machine lay badly damaged, at a 27 degree angle supported by what was left of the shore side supply conveyor. Which, by all accounts, had... 

Clyde & Co further expands its insurance footprint in South Africa with key partner hires

8th August 2017 Global law firm Clyde & Co has today announced the appointment of Deon Francis and Reshana Pillay as Partners in its leading insurance practice in South Africa. They will be based in Johannesburg. Deon and Reshana both join from Hogan Lovells, where they have built successful self-standing... 

New tax regime punted as way to spur development of disused or degraded land

By: Dylan Slater     14th July 2017 Using tax increment financing to spur business development on disused or degraded land could be a highly feasible method to repurpose otherwise unusable land, as well as create jobs and encourage entrepreneurs and business in general.  

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. 

Global BusinessCase

25th May 2017 Global BusinessCase, a Johannesburg based technology company has delivered the first tranche of a large order of custom made mobile office briefcases to a leading insurance company to enable the selling and administration of financial and insurance products in rural and out-of-office... 

Nationalisation of banks is not government policy – Treasury 

By: African News Agency      18th April 2017 National Treasury on Tuesday distanced itself from an opinion piece written by Professor Chris Malikane, an economic adviser to the Minister of Finance Malusi Gigaba, saying that the nationalisation of banks is not government policy. This comes after Malikane, an economics professor at the... 

DEHN Africa provides lightning protection components for thatched roofs

27th February 2017 It’s a reality that thatched roofs are extremely popular in South Africa, both within many rural communities and a number of upmarket developments. Constructed of soft material, such as straw, reed, grass or coconut leaves, a thatched roof is more susceptible to catching alight as a result of a... 

City Power clamps down on corruption, welcomes forensic investigation

By: Megan van Wyngaardt     16th February 2017 Johannesburg City Power chairperson Reverend Frank Chikane on Thursday said the company’s board welcomes any forensic investigation into multibillion-rand tenders awarded by the entity. City Mayor Herman Mashaba earlier this month said he would start such an investigation after hearing of serious... 

Insurancers adopting more advanced methods

By: Schalk Burger     3rd February 2017 The insurance industry is shifting away from traditional means of insurance towards more evolved methods that rely on advanced technology and new business models to meet the pace of a fast-changing, always-on-and-connected world, says information technology (IT) multinational Wipro South Africa... 

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