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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... 

King IV: Good governance beyond ticking boxes

By: African News Agency      1st November 2016 Corporate governance in South Africa is due to get a major update on Tuesday and its authors hope it changes the focus from box-ticking to a mindset where good corporate governance creates value. “The overarching objective of King IV is to make corporate governance more accessible and relevant to... 

The 8th Africa Public Private Partnership Conference and Showcase

6th October 2016 Organised by AME Trade, the event will take place from the 24 – 26 October 2016 at the Radisson Blu Hotel, London, UK building on the success of the previous editions. 

IMC proposes establishment of State bank

By: Anine Kilian     2nd September 2016 An inter-Ministerial Committee (IMC) has recommended that government consider the establishment of a State Bank of South Africa, with the possible corporatisation of the Post Bank as a possible option. This is according to a statement released by Mineral Resources Minister Mosebenzi Zwane, who... 

Kjion Energy Sa Sets Up Solar Training And Demonstration Facility

30th August 2016 An incorrectly installed solar power system lowers efficiency, reduces equipment life, affects connected appliances, and worst case: presents a fire risk.   KJION Energy SA, a subsidiary of ICT Group Holdings and provider of solar photovoltaic solutions for home and industrial use, has set up a... 

Greater awareness of SA gas installation regulations needed

26th August 2016 Similar to an electrical equivalent, gas installations need to be regulated in order to ensure optimum safety practices are adhered to. As gas usage increases in South African homes and businesses, awareness needs to be drawn to the safe practice of working with, installing and storing gas. As an... 

Uber mulls new South African services as it expands African footprint 

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

Uber mulls new South African services as it expands African footprint

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

Businesses face disruptive forces

27th July 2016 • The effects of globalization, digitalization and technological disruption pose fundamental challenges to many businesses • The emergence of industry 4.0 could result in higher risk of large-scale losses • Corporates operating in Africa have a particular role in embracing and responding to new... 

Autonomous cars could change face of motor insurance industry

By: Irma Venter     8th July 2016 The motor insurance industry faces radical restructuring as a result of the advent of autonomous cars. A research report released by Swiss Re and HERE in April, called ‘The Future of Motor Insurance’, calculated that autonomous driving (AD) technologies, such as lane departure warning, blind-spot... 

SA Businesses Urged To Manage Risks Associated With Service Delivery Protests

4th July 2016 With local government elections scheduled to take place later this year, civil tensions have already begun to escalate and increased service delivery protests seem imminent. While strike action may, at times, be helpful in effecting positive change, the nature of these protests can turn violent... 

Sapvia, German solar association formalise PV cooperation

By: Creamer Media Reporter      1st July 2016 The South African Photovoltaic Industry Association (Sapvia) and German solar association Bundesverband Solarwirtschaft (BSW-Solar) have teamed up to support the development of the nascent rooftop photovoltaic (PV) market segment in South Africa. The agreement, formally signed in Munich, would... 

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