R/€ = 14.88 Change: -0.14
R/$ = 13.02 Change: -0.07
Au 1243.96 $/oz Change: -5.50
Pt 922.00 $/oz Change: -0.50


Automotive sector remains relevant in volatile market

By: Natasha Odendaal     Updated 2 hours 35 minutes ago While South Africa works its way through the impact of the latest economic headwinds, the automotive sector is holding its own in a volatile market, Econometrix director and chief economist Dr Azar Jammine said on Wednesday. Despite an expected contraction in domestic vehicle production and sales... 

Summit to outline African LPG market growth potential

By: Mia Breytenbach     Updated 3 hours ago While Africa – the fastest-growing liquefied petroleum gas (LPG) market in the world today – is rich with potential for LPG industry players, distribution challenges, affordability and safety issues need to be addressed to capitalise on this potential, according to industry experts. This emerged... 

Coca-Cola appoints new South Africa GM

By: Megan van Wyngaardt     28th June 2017 Beverage giant Coca-Cola Africa has appointed Roger Gauntlett GM of its South Africa business.  Gauntlett will manage the company’s relationship with the its bottling partner, Coca-Cola Beverages South Africa, ensuring alignment as well as sustainable and profitable growth for the beverage... 

Moving to LPG: summit focuses on LPG in Africa

     27th June 2017 You are invited to join over 500 pan-African energy stakeholders who will participate in the largest conference around LPG and CNG in the region. The fourth edition of the Africa LPG Summit, co-located with CNG-NGV Africa will be staged from 11 - 12 July at Emperor's Palace, Johannesburg. Limited... 

Competition winner gets ‘life-changing’ trip to SAPICS 2017

     27th June 2017 Winning a trip to the continent’s leading supply chain management event, SAPICS 2017, in Cape Town this month was a lucky break that will put Zimbabwean Elvis Mushayavanhu on a new career path.   The competition – run by SAPICS and SA Tourism – attracted entries from Kenya, Zimbabwe, Lesotho,... 

South Africa To Maximise Opportunities In Sub-Saharan Africa To Further Re-Industrialisation

     23rd June 2017 South Africa’s re-industrialisation is inevitable, but crucial to this process will be investment led trade and regional integration with the country’s neighbours. With relative ease of access to Sub-Saharan Africa and an understanding of the region, South African manufacturers can get ahead of... 

Automakers eye fast-growing East Africa as they set up shop in Kenya

By: John Muchira     23rd June 2017 Global automakers have, in recent years, established assembly plants in Kenya as they seek to increase sales in East Africa, sub-Saharan Africa's fastest-growing region. East Africa, of which Kenya is the biggest economy, is projected by the World Bank to grow by 5.4% in 2017, compared with... 

Djibouti commissions $590m multipurpose port

By: John Muchira     23rd June 2017 Djibouti has commissioned its $590 state-of-the-art Doraleh multipurpose port, at a time when fellow East African nations Kenya and Tanzania are investing heavily in port expansion in a bid to become the region's shipping hub. The new port, which occupies a 690 ha site, comprises 15 berths that... 

Uganda–Kenya road upgrade project.

By: Sheila Barradas     23rd June 2017 The project will upgrade the Kapchorwa–Kitale road section, which will foster regional trade and unlock the agricultural potential of the project area. 

Kenya joins Africa Finance Corporation

By: Megan van Wyngaardt     21st June 2017 Kenya is the latest country to become a member of Pan-African multilateral development finance institution, the Africa Finance Corporation (AFC).   Kenya is the AFC’s fifteenth member and its third East African member after Rwanda and Uganda. The other members are Cabo Verde, Chad, Côte d’Ivoire,... 

Goldplat’s Kilimapesa switches to grid power

By: Megan van Wyngaardt     21st June 2017 Africa-focused Goldplat will start using grid power at its Kilimapesa mine, in Kenya, as it is facing ongoing difficulties with its generators, primarily owing to poor diesel quality. The miner has reached an agreement to pay the $200 000 installation cost for the required infrastructure to the... 

Africa should embrace private sector infrastructure investment

By: Irma Venter     19th June 2017 The public sector in Africa should understand and nurture the idea that increased private sector investment in infrastructure is the best way to achieve “intense job creation”, and to incentivise funding and skills transfer, says Nigerian Society of Engineers infrastructure and public-private... 

Brazilian agency providing remote sensing training for African countries

By: Keith Campbell     16th June 2017 Brazil’s Instituto Nacional de Pesquisas Espaciais (INPE – National Institute for Space Research) has been providing training for Earth observation (EO) specialists from African and other countries (in Asia and Latin America), under its Capacitree programme, which is a capacity-building project... 

Demand for welders decreases as power stations near completion 

By: Victor Moolman     16th June 2017 Owing to major projects, such as the Medupi and Kusile power stations, nearing completion, the South African Institute of Welding (SAIW) says fewer welders have enrolled for its training courses in the past year. 

South Africans more conscious of greener ways of living

By: Simone Liedtke     16th June 2017 With South Africans being more aware of greener ways of living, multidisciplinary engineering consultancy WSP regional director and sustainability consultant Alison Groves says this has led to green building becoming integral in the design and construction of buildings. 

Tanzania signs $154m contract with Chinese firm to expand main port

By: Reuters     12th June 2017 Tanzania's government signed a $154-million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country... 

$126m loan approved for 75 MW geothermal project in Ethiopia

By: John Muchira     9th June 2017 Ethiopia will soon start building a 75 MW geothermal electricity project, the first of its kind in the Horn of Africa country, which is believed to have massive geothermal potential. This follows the approval of a $126-million loan from the World Bank to implement the project, located at Aluto... 

Hass Towers construction project, Kenya

By: Sheila Barradas     9th June 2017 The project entails the construction of what will be Africa’s tallest skyscraper. 


     9th June 2017 Sacks containing tea from Rwanda, Uganda and Kenya sit stacked at the Mitchell Cotts storage warehouse in Mombasa, Kenya, last month. Bloomberg reports that Kenya’s crop production has declined as a result of drought conditions, which that resulted in most areas of the country receiving less than... 

Lack of power lines delays sub-Saharan Africa's biggest wind farm

By: Reuters     7th June 2017 The biggest wind farm in sub-Saharan Africa is ready for launch but will remain idle until next year as Kenya's government has not yet installed the transmission lines needed to get the clean power to customers, the provider of the turbines said. Danish wind turbine maker Vestas Wind Systems... 

Kenya government to guarantee $750m in Kenya Airways debt

By: Reuters     6th June 2017 Kenya will offer $750-million in guarantees to Kenya Airways' existing creditors to help the heavily-indebted carrier secure financing from other sources to complete its recovery, a cabinet document showed on Tuesday. The guarantees, approved by the cabinet, will cover $525-million owed to the US... 

PIC says in support of Vodacom’s Safaricom acquisition

By: Natasha Odendaal     2nd June 2017 JSE-listed telecommunications giant Vodacom on Friday secured the green light from 15.63% shareholder, the Public Investment Corporation (PIC), to acquire an indirect 34.94% interest in Safaricom. State investment arm, the PIC, provided Vodacom with a letter of support for the proposed... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

Goldplat bolsters management with new FD, nonexecutive director appointments

By: David Oliveira     1st June 2017 Aim-listed Goldplat has appointed Werner Klingenberg FD and Sango Ntsaluba nonexecutive director, with immediate effect. Ntsaluba is chairperson of Goldplat’s South African subsidiary Goldplat Recovery and is a well-known figure in the accountancy and auditing profession of South Africa. 

Base approves capital for KP2 mine plan

By: Esmarie Swanepoel     23rd May 2017 The board of mineral sands developer Base Resources has approved the $32.6-million capital spend to implement the Kwale Phase 2 (KP2) project, in Kenya. The objective of the KP2 project is to maximise the overall Kwale operation’s economic returns by implementing a solution to maintain maximum... 

Sub-Saharan Africa middle class represents R1.3tr a month market

By: Megan van Wyngaardt     19th May 2017 A University of Cape Town (UCT) Unilever Institute of Strategic Marketing initiative, the African Lions research project, has established that the sub-Saharan African middle class, comprising around 100-million people, represents a R1.3-trillion a month market and is growing. Carried out... 

South Africa remains largest FDI hub in Africa, report shows

By: Mia Breytenbach     19th May 2017 South Africa remains the leading foreign direct investment (FDI) destination in Africa, with a 6.9% increase in FDI projects in 2016, according to financial services advisory firm EY’s latest ‘Africa Attractiveness’ report, published earlier this month. The report provides an analysis of FDI... 

Building African brands a feature of African Utility Week

By: Kim Cloete     17th May 2017 Africans need to be proud of their brands and local companies and do everything they can to boost the image and reputation of these brands, says Brand Leadership Group founder and chairperson Thebe Ikalafeng. “The top brands that Africans admire are all foreign. How are we going to transform the... 

South African selected as finalist for Africa Prize for Engineering Innovation 

By: Megan van Wyngaardt     17th May 2017 South African rocket scientist Andre Nel has been selected as a finalist in the UK’s Royal Academy of Engineering Africa Prize for Engineering Innovation. Nel invented a hybrid, solar microgrid solution, the GreenTower Microgrid, which uses 90% less energy to heat water. 

Certainty needed to drive energy projects in Africa 

By: Kim Cloete     16th May 2017 Private sector players have called on African governments to be reliable and predictable in their energy policies and programmes. "Investors want to know that the rules won’t change in the middle of a project,” Power Africa coordinator Andrew Herscowitz told delegates at Africa Utility Week on... 

Vodacom bolsters international portfolio with R35bn Safaricom stake buy

By: Natasha Odendaal     15th May 2017 The pending acquisition of a 35% stake in Kenya’s largest telecoms group Safaricom will secure JSE-listed Vodacom a high-growth market that is as large as all of its international subsidiaries combined. The R35-billion deal, expected to be concluded in August, presented South Africa’s largest... 

Vodacom eyes R35bn acquisition of 35% stake in Safaricom

By: Natasha Odendaal     15th May 2017 JSE-listed Vodacom, which reported steady growth for the financial year ended March 31, on Monday announced the acquisition of an indirect 34.94% stake in Kenya-based Safaricom for R34.6-billion. The transaction will result in Vodacom buying out 87.5% of Vodafone Kenya, which holds a 39.93% in... 

Banks warned of ATMs being infected remotely by malware

By: Schalk Burger     12th May 2017 Cybersecurity multinational Kaspersky Lab advises banks in the Middle East, Africa and Turkey to check random-access memory (RAM), network and registry logs to determine whether the fileless ATMitch malware is present. The ATMitch uses in-memory malware to infect banking networks. This malware is... 

BMW’s Rosslyn plant to start producing X3 early next year

By: Irma Venter     12th May 2017 Production of the new X3 at the BMW plant in Rosslyn, outside Pretoria, for the local and export markets will start in the first half of 2018, says BMW Group South Africa (SA) and sub-Saharan Africa CEO Tim Abbott. The plant currently produces the 3 Series sedan, also for the local and export... 

End to Eskom stalemate could unlock ‘enormous backlog’ of wind projects in 2017

By: Terence Creamer     12th May 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

High-level support for innovative agrosolar greenhouse concept

By: Mia Breytenbach     12th May 2017 The Department of Agriculture, Forestry and Fisheries (DAFF) has pledged its support for the SUNfarming Food & Energy project run by North-West University (NWU), in Potchefstroom, in the North West province, which promotes the growing of and provides an opportunity to grow affordable and... 

Mombasa-to-Nairobi rail line set for commissioning

By: John Muchira     12th May 2017 Kenya is gearing up for a new era in railway transport with the impending commissioning of a standard-gauge railway (SGR) system on June 1. The East African nation has depended on a dilapidated metre-gauge railway line for more than a century, but that is about to change, following the completion... 

Online concrete technology courses launched

By: Robyn Wilkinson     12th May 2017 To improve ease of access to education and training courses as well as pass rates in the South African construction sector, cement and concrete technical services provider The Concrete Institute’s (TCI’s) School of Concrete Technology launched its online e-learning platform in January. 

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