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Electrohydraulic actuators installed

By: Nadine James     10th November 2017 Earlier this year, valve actuator manufacturer Rotork announced the successful installation of its Skilmatic SI electro-hydraulic actuators, which were deployed at Mauritius’ SSR International Airport, as part of an initiative to increase safety and efficiency at the site. Rotork Africa senior... 

ACSA CEO to chair international organisation

By: Megan van Wyngaardt     9th November 2017 Airports Company South Africa (ACSA) CEO Bongani Maseko has been appointed chairperson of the world governing board of the Airports Council International (ACI), the trade representative of the world’s airports, for a two-year term. ACI serves 623 members operating 1 940 airports in 176 countries... 

Uber bullish on Africa despite opposition from local taxi firms

By: Reuters     7th November 2017 Ride-hailing service Uber Technologies is growing rapidly in sub-Saharan Africa and considering moves into more markets, despite sometimes violent opposition from metered taxi drivers, a senior executive said on Tuesday. Uber's service has triggered protests by rivals from London to New Delhi as... 

Intelligent algorithm company 4Sight lists on AltX

By: Schalk Burger     3rd November 2017 The first pure technology company to list on the JSE’s AltX in 18 years, decision support technology group 4Sight, has artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) and big data technology capabilities, which are reshaping business and individual lives worldwide,... 

Mustang to delay Montepuez plant upgrade to focus on second ruby tender

By: Creamer Media Reporter      1st November 2017 ASX-listed Mustang Resources will delay the planned plant upgrade at its Montepuez ruby mine, in Mozambique, which will reduce the company’s expenditure and allow it to focus on preparations for its second tender. This decision was taken following the conclusion of a maiden tender, held from... 

Communique To Shareholders Shumba Energy Ltd Lists On The Main Board Of Botswana Stock Exchange

     1st November 2017 Shumba Energy Ltd (“Shumba” or the “Company”) (BSE: SHUMBA), a Botswana-based energy development company, is pleased to announced that it has received approval from the Botswana Stock Exchange to migrate its listing from the Venture Capital Market Board to the Main Board of the Botswana Stock... 

Shumba moves to main board of Botswana Stock Exchange

By: Natasha Odendaal     31st October 2017 Energy development company Shumba Energy has migrated its listing from the Venture Capital market board to the main board of the Botswana Stock Exchange, effective October 30. The move to the main board is aimed at establishing a stronger platform for potential future development capital... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Rotor blade manufacturing facility officially opens in Tangier

     27th October 2017 Wind turbine components manufacturer Siemens Gamesa Renewable Energy (SGRE) officially inaugurated its new rotor blade factory in Tangier, Morocco, earlier this month, at an event chaired by Moroccan Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid El Alamy, and Siemens... 

Mustang maiden tender swells to 405 000 ct

By: Esmarie Swanepoel     24th October 2017 Ruby miner Mustang Resources this week announced that it would take 405 000 ct to its maiden public tender, which will start on October 27. This is more than double the original target of 200 000 ct. 

4Sight lists on AltX

By: Schalk Burger     19th October 2017 The first pure technology company to list on the JSE’s AltX in 18 years, technology decision support group 4Sight, has artificial intelligence, machine learning, Internet of Things and big data technology capabilities, which are reshaping business and individual lives worldwide, 4Sight CEO... 

Africa urged to set the trends in digital innovation

By: Kim Cloete     13th October 2017 African countries have the potential to set trends rather than follow them in a world dominated by hurtling changes in information technology (IT), delegates attending the Thomson Reuters Africa Summit have heard. Digital and technology transfer expert Lee Naik said over 300-million customers... 

Mustang granted Montepuez mining concession

By: Creamer Media Reporter      10th October 2017 The Mozambique Minerals and Energy Ministry has granted ASX-listed Mustang Resources a mining concession for its Montepuez project. The concession is valid until September 2042 and paves the way for the company to increase its processing capacity, as planned, following its maiden tender. 

DA aims to ban unrecyclable plastic shopping bags in Western Cape

By: News24Wire      9th October 2017 The DA-led Western Cape government has been mandated to pass legislation to prohibit the sale and distribution of plastic shopping bags that aren’t 100% recyclable. This after a motion to this effect was passed at the DA’s Western Cape Congress on Saturday. 

AfDB approves $200m to IDC to support industrialisation projects in Africa

By: Anine Kilian     2nd October 2017 The African Development Bank Group (AfDB) has approved a private sector multicurrency line of credit of $100-million and R1.3-billion to South Africa’s Industrial Development Corporation (IDC). The operation will support industrialisation projects in South Africa and in other regional member... 

South Africa sees slight improvement in economic freedom

By: Anine Kilian     28th September 2017 South Africa jumped ten spots on the Free Market Foundation’s (FMF’s) economic freedom index, ranking this year at 95 out of 159 countries from its 2016 ranking of 105, when its overall rating out of ten – where zero is unfree and ten is free – was 6.64. “This year, at 95, our rating is 6.63... 

Grit delivers 2.7% increase in FY17 distribution

By: Natasha Odendaal     21st September 2017 Mauritius- and Johannesburg-listed Grit Real Estate Income Group on Thursday declared a distribution a share of $0.12 for the year ended June 30, a 2.7% increase on the prior year on the back of strong financial results. The seventh consecutive dividend comprised an interim dividend of $0.06... 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

SKA Africa partner countries to collaborate on radio astronomy

By: Mia Breytenbach     8th September 2017 Following the conclusion of the fourth Ministerial meeting of the Square Kilometre Array (SKA) Africa partner countries in Accra, Ghana, last month, members of the nine countries, represented by their science and technology Ministers and Deputy Ministers, signed a memorandum of understanding to... 

Volvo Car SA expecting big change in EV perceptions in coming years

By: Irma Venter     8th September 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

4Sight Holdings to list on AltX in October

By: Anine Kilian     7th September 2017 Technology company 4Sight Holdings will list on the JSE’s Alternative Exchange (AltX) in October. The company seeks to raise up to R300-million, which will be used for acquisitions and the incubation of new products in sectors as diverse as retail and healthcare.   “We foresee a growth in demand... 

Adapt IT pursues Pan-African expansion

By: Schalk Burger     28th August 2017 JSE-listed specialised software group Adapt IT aims to gain a foothold in all African markets as part of its strategy to become a R3-billion-a-year-turnover business by 2020, CEO Sbu Shabalala said on Monday. The group grew its turnover by 25% year-on-year to R994-million for the financial year... 

SKA Africa partner countries to collaborate on radio astronomy

By: Mia Breytenbach     25th August 2017 Following the conclusion of the fourth Ministerial meeting of the Square Kilometre Array (SKA) Africa partner countries in Accra, Ghana, on Thursday, members of the nine countries, represented by their Science and Technology Ministers and Deputy Ministers, signed a memorandum of understanding to... 

No weak links in EKD Kolibri energy chain from Powermite

     24th August 2017 Rugged, superior quality energy chain from electrical and mechanical equipment and energy supply systems specialist, Powermite, provides reliable and cost-effective protection of cables and hoses for the seamless operation of mobile equipment. EKD Kolibri energy chain, also known as drag chain,... 

Crystal Events Africa

     18th August 2017 Crystal Events Africa, formerly Crystal Events & Incentives, is a leading conference, incentive travel and corporate meeting organiser in South Africa. Its recent expansion into Africa has increased its business capacity to successfully drive intercontinental business through in-bound incentive... 

Neutral Internet exchange point reports strong growth in African demand

By: Schalk Burger     18th August 2017 Local neutral access Internet exchange peering service NAPAfrica achieved 200 Gb/s of traffic in July as a result of significant demand from neighbouring countries and sub-Saharan Africa (sSA), says data centre company Teraco Data Environments business development manager Michele McCann. The... 

Mustang ruby inventory grows to 147 000 ct

By: Creamer Media Reporter      16th August 2017 ASX-listed Mustang Resources’ ruby inventory at the Montepuez project, in Mozambique, has grown to 147 052 ct, on track for reaching the targeted 200 000 ct to be sold at the company’s inaugural auction in October. The growing inventory is, in part, the result of work to increase water supply to... 

US Embassy welcomes new Consul General to Cape Town

     11th August 2017 Consul General Virginia Blaser has been appointed to lead the Consulate General in Cape Town. “Consul General Blaser brings extensive experience from across the continent, where she led key US embassies, promoting trade and investment, empowering women and young leaders, and supporting... 

South Africa sets up entity to house all radio astronomy facilities

By: Keith Campbell     11th August 2017 South Africa has consolidated its radio astronomy facilities into a single institution, the South African Radio Astronomy Observatory (SARAO). This happened at the end of last month when Science and Technology Minister Naledi Pandor announced that the Hartebeesthoek Radio Astronomy Observatory... 

Volvo Car SA ready for hybrid, electric vehicle rollout post-2019, says MD

By: Irma Venter     10th August 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

Greenbay raises R4bn in accelerated bookbuild

By: Creamer Media Reporter      8th August 2017 Stock Exchange of Mauritius- and JSE-listed Greenbay Properties on Tuesday raised about R4-billion in an accelerated bookbuild. This was double the R2-billion it had initially set out to raise. 

SADC needs to promote intra-bloc trade and South Africa should lead – OECD

By: Keith Campbell     4th August 2017 The Organisation for Economic Cooperation and Development (OECD), in its July 2017 survey of the South African economy, has urged South Africa to promote further economic integration within the Southern African Development Community (SADC). “SADC is already the largest export market and a major... 

SADC urged to liberalise services and improve business environments

By: Keith Campbell     4th August 2017 In addition to making intraregional trade in goods easier, the member countries of the Southern African Development Community (SADC) should facilitate intra-bloc trade in services and improve their business environments, the Organisation of Economic Cooperation and Development (OECD) argued in... 

SADC sees growth in electricity generation capacity  

By: Anine Kilian     1st August 2017 Mainland member States of the Southern African Development Community (SADC) plan to add 30 646 MW of new electricity generation capacity by 2022. Addressing delegates at the SADC Infrastructure Week, in Johannesburg, on Tuesday, SADC Secretariat transport senior programme officer Mapolao Mokoena... 

Capital Gains Tax - The Inflation Bear Trap

     1st August 2017 Given the absence of inflation indexation, Capital Gains Tax (CGT) in South Africa (SA) is currently costlier than the published rate; the calculations below illustrate CGT becoming an all-encompassing problem if inflation rises further. Business owners and Boards of companies that are developing... 

Manufacturing key to Africa’s economic transformation

By: Anine Kilian     31st July 2017 Manufacturing will drive Africa’s transformation, African Export-Import Bank intra-African finance trade manager Gerald Nsomba said on Monday. Addressing delegates from across the Southern African Development Community (SADC) at the SADC Industrialisation Week, in Johannesburg, he pointed out... 

Comair reports its diversification strategy is working

By: Keith Campbell     28th July 2017 South African airline group Comair Limited’s strategy of countering the weak local air passenger market by diversifying its business is proving successful, reports company CEO Erik Venter. “It’s working very well. About 20% of our profits are coming from our non-airline businesses and we’re... 

Lessons learned underpin multicontinent sugar strategy

By: Robyn Wilkinson     21st July 2017 Specialised polymer manufacturer Vesconite Bearings believes that the experience it has gained from KwaZulu-Natal sugar mills will prove instrumental in ensuring the success of its multi-continent sugar strategy and grow the company’s revenue from new markets. 

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