R/€ = 15.64 Change: -0.01
R/$ = 13.73 Change: -0.01
Au 1291.46 $/oz Change: -2.40
Pt 810.70 $/oz Change: 6.84


Lucapa output rises on Mothae start

By: Esmarie Iannucci     16th January 2019 Diamond miner Lucapa Diamond Company produces 3 089 ct of diamonds from its Mothae operation, in Lesotho, during the December quarter. The 1.1-million tonne treatment plant was commissioned during the December quarter, delivering Lucapa its second operational mine. 

Volatile rand has Namibia mulling an end to 25-year currency peg

By: Bloomberg     21st December 2018 Namibia is growing tired of the economic pain caused by the volatile South African rand and is considering ending a 25-year-old peg to the currency of its larger neighbor. The government in Windhoek is weighing options to amend the currency arrangement or forge a new path for the Namibian... 

Lucapa finalises IDC funding for Mothae

By: Mariaan Webb     21st December 2018 Diamond miner Lucapa has locked in R100-million in development funding from South Africa’s Industrial Development Corporation (IDC) for the Mothae kimberlite mine, in Lesotho. The funding follows the execution of the loan and ancillary agreements and completion of all conditions precedent to the... 

American trade delegation in South Africa to expand business opportunities in Southern Africa

By: African News Agency      30th October 2018 An American trade delegation, comprising businessmen from more than 30 American companies and state government leaders, is in South Africa seeking to expand agricultural export opportunities in the region. The trade delegation, which arrived in South Africa on Monday and will conclude its visit... 

Firestone reports lower q/q output, sales for Q1

By: Marleny Arnoldi     29th October 2018 Aim-listed Firestone Diamonds recovered 240 733 ct of diamonds at a grade of 23.8 carats per hundred tonnes (cpht) from its Liqhobong mine, in Lesotho, during the quarter ended September 30 – the first quarter of its 2019 financial year This compares with the 263 512 ct recovered at a grade of... 

Eskom to add 6 500 km of high-voltage transmission lines by 2028

By: Marleny Arnoldi     25th October 2018 Power utility Eskom plans to add about 6 500 km of high-voltage transmission lines and 46 000 MVA of transformer capacity in the next ten years, its latest Transmission Development Plan (TDP), for the period from 2019 to 2028, shows. The TDP, which was released on Thursday, also demonstrates... 

South Africa’s IDC invests R100m in Lucapa’s Lesotho mine

By: Esmarie Iannucci     25th October 2018 Diamond miner Lucapa Diamond Company has secured a R100-million development facility from the Industrial Development Corporation of South Africa (IDC) for its Mothae kimberlite diamond mine, in Lesotho. The facility will span a four-year period, and will include a 12-month moratorium on capital... 

DBSA awarded funding to create R2bn climate finance facility 

By: African News Agency      22nd October 2018 The Development Bank of Southern Africa (DBSA) announced on Monday that it has been awarded funding of R795-million to establish a R2-billion Climate Finance Facility (CFF) focusing on infrastructure projects and businesses that mitigate or adapt to climate change.  The DBSA received funding from... 

Africa Code Week 2018 accelerates community capacity building with significant Google support

22nd October 2018 Africa Code Week 2018 received a significant boost with the announcement of key partner Google's support of 53 non-profit organisations across 11 countries. This is the third consecutive year that Google is making micro grants available to organisations involved in implementing Africa Code Week's... 

Positives of migration

By: Martin Zhuwakinyu     19th October 2018 Television footage of desperate Africans drowning in the Mediterranean Sea en route to Spain and other European destinations that hold out the promise of a better life has become all too frequent. The International Organisation for Migration puts the cumulative toll since 2000 at 33 000, with... 

Lesotho Highlands Water Project – Phase II, Lesotho/South Africa

By: Sheila Barradas     19th October 2018 Construction work on Phase II of the Lesotho Highlands Water Project is set to start soon. 

Liquid eyes further expansion as Cape to Cairo links up

By: Natasha Odendaal     18th October 2018 Pan-African telecommunications group Liquid Telecom is eyeing further expansion across the African continent after completing its Phase 1 decade-long project of connecting a 60 000 km network from Cape Town, South Africa, to Cairo, Egypt. The group on Thursday reported that, following the... 

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Organisations oppose coal in IRP public hearings 

By: Kim Cloete     16th October 2018 Public hearings into the Integrated Resources Plan (IRP) kicked off in Parliament on Tuesday, with several organisations voicing their concerns about the plan’s provision for new coal-fired power stations. Attorney Robyn Hugo of the Centre for Environmental Rights (CER) told Parliament’s... 

First LHWP Phase 2 construction contracts awarded

By: Marleny Arnoldi     12th October 2018 Construction work on Phase 2 of the Lesotho Highlands Water Project is set to start soon. This follows the Lesotho Highlands Development Authority (LHDA) awarding the first construction contract on the project – the R235-million contract for the Polihali north-east access road – to the... 

Lesotho Metolong dam achieves full capacity

12th October 2018 The new $100-million Metolong dam in Lesotho has achieved a significant project success this year, with the dam spilling for the first time since its completion in 2016. Spilling occurs when the dam is at full capacity, and the dam’s spillway – meant to direct excess water downstream during flood... 

Science fair affords students learnerships, prizes to promote science skills development

By: Marleny Arnoldi     5th October 2018 During the Eskom Expo International Science Fair, which was held from October 3 to 5, the Eskom Senior Grand Prize was awarded to a Curro Klerksdorp Grade 12 learner Aqil Variava, who developed the “pollution index” – a tool to investigate water quality. He won a R75 000 cash prize.  

Kemach JCB’s commitment to service builds long-term customer relationships

5th October 2018 Kemach JCB’s strong service ethic provides a solid foundation on which the company builds and maintains sound long-term relationships with customers like Lusthof Civil & Plant Hire. Founded by Anton Schonken, Lusthof Civil & Plant Hire specialises in quarry and gravel road building projects,... 

Lesotho Highlands Water Project – Phase II, Lesotho

By: Sheila Barradas     4th October 2018 The The Lesotho Highlands Development Authority has started a series of workshops with registered construction companies to explain the procurement framework of the Lesotho Highlands Water Project – Phase 2. 

LHDA holds workshops on Lesotho Highlands Water Project Phase 2

By: Simone Liedtke     2nd October 2018 The Lesotho Highlands Development Authority (LHDA) has started a series of workshops with registered construction companies in Gauteng and Free State to explain the procurement framework of the Lesotho Highlands Water Project (LHWP) Phase 2 and to share lessons learned from previous tender... 

Lesotho Highlands Development Authority to empower construction companies in SA

By: Creamer Media Reporter      2nd October 2018 The Lesotho Highlands Development Authority today started a series of workshops with registered construction companies in Gauteng and Free State to explain the Procurement Framework of the Lesotho Highlands Water Project LHWP Phase Two and to share lessons learned from previous tender... 

Firestone recovers 835 000 ct in first full year of production

By: Marleny Arnoldi     28th September 2018 Aim-listed Firestone Diamonds has narrowed its loss a share to about $0.03 for the financial year ended June 30, compared with the loss a share of $0.37 in the prior comparable period. In the first full year of production at its Liqhobong mine, in Lesotho, the company’s loss decreased by 91% to... 

Lesotho Highlands Water Project – Phase II, Lesotho and South Africa

By: Sheila Barradas     28th September 2018 South African Water and Sanitation Minister Gugile Nkwinti, Lesotho Water Minister Samonyane Ntsekele and the Lesotho High Commissioner Sello Moloto have reaffirmed their commitment to the successful implementation of the Phase 2 project. 

Is 5G Hype or Reality for South Africa?

By: Creamer Media Reporter      20th September 2018 With global 5G rollout gathering speed and the recent launch of 5G in Lesotho by Vodacom, the question of whether South Africa is ready for the transition to 4G’s successor is dependent on various factors that could cause a delay in the integration of 5G in South Africa. Mobile communications... 

Vodacom showcases 5G capabilities in official launch 

20th September 2018 Vodacom has officially launched its standards-based, commercial fifth-generation, or 5G, service in Lesotho, delivering early access technology initially to two enterprise customers, with ambitions of eventually launching the service commercially in South Africa. Natasha Odendaal tells us more. 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

Premium Lulo diamonds to be sold under new Angola marketing system

By: Mariaan Webb     14th September 2018 ASX-listed Lucapa is preparing to sell its first diamonds from the Lucapa mine through the new marketing channels that Angola is establishing as part of the government’s diamond sector reforms. Certain large premium-valued diamonds will be the first Lulu production to be sold through the new... 

Vodacom Group launches commercial 5G service in Lesotho

By: Natasha Odendaal     14th September 2018 JSE-listed Vodacom Group has launched a standards-based, commercial fifth-generation (5G) service in Lesotho. Delivering early-access to the new technology, using 3.5 GHz spectrum, the company will initially provide fixed-wireless access broadband services to two enterprise customers in Lesotho. 

Ramaphosa wants smart, connected cities, says sci-tech minister

By: African News Agency      11th September 2018 Cities that are digitally connected and ready to benefit from and contribute to the Internet of Things (IoT) are a priority for President Cyril Ramaphosa and the South African government. This is according to Minister of Science and Technology Mmamoloko Kubayi-Ngubane, who made the remarks on... 

Johnson Crane Hire Rolls Out Its Own ‘Big Five’

10th September 2018 Customers of Africa’s lifting leader Johnson Crane Hire were recently treated to an impressive display of a selection of the company’s lifting equipment at an open day where its heavy lift fleet was likened to the ‘big five’ of the wild. “Johnson Crane Hire is a home grown South African business,... 

Giant diamonds has been mining's one success story this year

By: Bloomberg     7th September 2018 This summer’s crash in commodity prices is turning it into a year to forget for miners. Unless you dig the world’s biggest diamonds. Gem Diamonds has been the standout performer in the FTSE All-Share Mining Index, gaining almost 70% this year. In comparison, almost every other miner is in... 

Large diamond recoveries contribute to Gem’s strong H1 financial performance

By: Creamer Media Reporter      5th September 2018 Record recoveries of large, high-quality diamonds at the Letšeng mine, in Lesotho, contributed to a strong financial performance for LSE-listed Gem Diamonds in the first half of this year. The miner, which recovered ten diamonds weighing more than 100 ct each during the six months, on Wednesday... 

GemCap investment allows Linebooker to venture outside South Africa

By: Irma Venter     4th September 2018 African Rainbow Capital Investments subsidiary GemCap has acquired online transport management business Linebooker from the Oceana Group for an undisclosed amount.   “The investment by GemCap is significant in that it gives us the scope and capital to expand our service offering and logistical... 

What advice would you give your younger self? SMEC’s women in engineering reflect on their career journeys

By: Creamer Media Reporter      3rd September 2018 Reflecting on Women’s Month in South Africa, SMEC South Africa celebrates their very own women in engineering - inspiring females who are not only transforming our built environment but leading the way for the next generation of female engineers. These women and many more like them in South... 

Metolong dam and water supply programme, Lesotho

By: Sheila Barradas     31st August 2018 The dam has spilled for the first time since its completion in 2016. 

Q(h)ubeka Trust pays out R134m to former mineworkers suffering from silicosis.

By: Simone Liedtke     29th August 2018 The Q(h)ubeka Trust has, since its establishment in 2016, paid out about R134-million in compensation to qualifying former mineworkers, who are suffering from silicosis. The compensation paid to date represents a first payment to claimants, after which a further distribution will be made once all... 

Vodacom launches 5G internet service in Lesotho

By: Reuters     27th August 2018 South Africa's Vodacom launched what it said was Africa’s first commercial 5G internet service in Lesotho on Saturday, but said it would only be able to provide a similar service in its home market once spectrum was made available. Vodacom, South Africa's biggest mobile operator by market value,... 

Private equity model for newly opened Lesotho Mergence branch

By: Marleny Arnoldi     24th August 2018 Specialist boutique asset manager Mergence Investment Managers has opened a licensed subsidiary in Maseru, Lesotho, where it aims to offer an innovative approach to private equity. Mergence Lesotho MD Semoli Mokhanoi said in a statement that the company has adapted and tailored the traditional... 

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