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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. 

Local GBCSA member appointed chair of regional network

By: Anine Kilian     13th July 2017 Green Building Council South Africa (GBCSA) sector managing executive Thulani Kuzwayo has been appointed regional chair of the Africa Regional Network – a group of green building councils working to advance green building within the region. The World Green Building Council’s (WorldGBC’s) Africa... 

M&A involving sub-Saharan Africa reach highest level in four years

By: Creamer Media Reporter      6th July 2017 The value of announced mergers and acquisitions (M&A) transactions involving sub-Saharan Africa during the first half of this year has reached $18.1-billion – the highest first-half level since 2013. Thomson Reuters’ quarterly investment banking analysis for the sub-Saharan Africa region found... 

Ghana, South Africa celebrate first success of African network of telescopes

By: Anine Kilian     4th July 2017 The Ministries of Ghana and South Africa have announced the combination of 'first light' science observations, confirming the successful conversion of a Ghana communications antenna from a redundant telecommunications instrument into a functioning Very Long Baseline Interferometry (VLBI) radio... 

Blue Label to acquire mobile device distributor in R1.9bn deal

By: Megan van Wyngaardt     27th June 2017 Local telecommunications firm Blue Label will, through its The Prepaid Company subsidiary, acquire mobile device distributor 3G Mobile for R1.9-billion. The shares in 3G Mobile will be acquired in two stages, with the initial acquisition of 47.37% of the issued share capital for R900-million,... 

Continent-wide digital skills development initiative aims to train half a million young Africans in one week

     20th June 2017 The 2017 edition of Africa Code Week officially kicked off yesterday in Flic-En-Flac, Mauritius. Now in its third year, Africa Code Week aims to spread coding literacy among African youth, with a key focus on female skills development and training.   Inaugurated in 2015 by SAP Corporate Social... 

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. 

Engen now ship-shape and sailing strongly in Mauritius

     13th June 2017 Up and down Africa’s coasts, major seaports with bunkering facilities play a key strategic role in keeping sea traffic flowing, and industries growing. It is big business and includes the storage of bunker (ship) fuels and the provision of fuel to vessels. Bunkering includes the shipboard... 

CONCO’s success gained in SA renewable energy market opens doors

     6th June 2017 CONCO, Africa’s largest power infrastructure service provider with 30 years’ Africa-wide experience in transmission, distribution and power infrastructure development, has successfully completed the electrical balance of plant for over nine wind farms and four solar photovoltaic (PV) parks in... 

EM continues to supply the best products at the right price

     1st June 2017 With virtually every panel builder in South Africa using ubiquitous technology distributed exclusively by ElectroMechanica (EM), the major supplier continues to build on its strategy of providing the right product at the right price, for the correct application and specification at hand. This... 

SA world’s 53rd most competitive travel and tourism destination

By: Riaan de Lange     5th May 2017 South Africa is the fifty-third most competitive travel and tourism destination in the world, according to the World Economic Forum's (WEF's) 'Travel & Tourism Competitiveness Report 2017', released on April 5. The Travel & Tourism Competitiveness Index, or TTCI, which consists of four... 

Africa investment outlook promising – survey

By: Natasha Odendaal     3rd May 2017 A new survey has shown that the investment outlook across Africa, particularly Eastern and sub-Saharan Africa, is becoming more “promising” as countries yield marketing successes to international investors. About three-quarters of the respondents to independent global business advisory firm FTI... 

Leadership and inclusive growth to take centre stage at WEF on Africa

By: African News Agency      28th April 2017 Africa’s drive to generate inclusive economic growth and the leadership this requires will be the focus of the twenty-seventh World Economic Forum on Africa, taking place in Durban, South Africa, from May 3 to 5. The 27th World Economic Forum on Africa will convene over 1,000 leaders from more... 

Sewer manual to be published next month

By: Marleny Arnoldi     28th April 2017 Plastic pipes manufacturer DPI Plastics will publish its comprehensive sewer product manual next month that provides detailed information on its range of polyvinyl chloride (PVC) pipe applications and installations in the sewage and effluent sector.  

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

South Africa accounts for 59% of outbound M&A activity in sub-Saharan Africa

By: Megan van Wyngaardt     20th April 2017 The value of announced merger and acquisition (M&A) transactions, with any sub-Saharan African involvement, reached $10.1-billion during the first quarter of 2017, the highest opening quarter total in six years, research firm Thomson Reuters Africa has found. In its sub-Saharan African deals... 

Wealth gap leaves Ivorians craving share of 'economic miracle'

By: Bloomberg     20th April 2017 Standing knee-deep in muddy water to sift gravel in oppressive heat, a handful of middle-aged miners search for diamonds, clinging to what seems like a dying trade in a region with few job opportunities. “It’s unpredictable,” Pierre Silue, a 46-year-old miner wearing ragged clothes, said as he... 

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