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Paramount secures armoured vehicle contract with UAE

By: Nadine James     19th February 2019 South African defence and aerospace company Paramount Group has secured a contract with the United Arab Emirates (UAE) for its next generation armoured personnel carrier – Mbombe 4, which was unveiled at defence and security expo IDEX 2019, being held in the Middle East this week.  Manufactured... 

Defence group Denel to seek investment partners – CEO

By: Reuters     19th February 2019 State-owned defence group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said on Tuesday. The company has also asked the government for financial support to help underpin a strategy its board approved last week,... 

Saldanha Bay IDZ concludes R3bn in investment deals

By: African News Agency      19th February 2019 The Saldanha Bay Industrial Development Zone has concluded investment agreements, which bring the total of signed investors to eight and the investment value to just over R3-billion. This investment includes five international investors from the United Kingdom, Europe, the Middle East and... 

AECOM hones regional focus with integration of its Middle East and African operations

By: Creamer Media Reporter      18th February 2019 “We are incredibly proud to be involved in some of the biggest infrastructure projects across Africa, including the $1.5 billion Tema Port Expansion Project for Meridian Port Services in Ghana,” said Joe Ndala, AECOM’s Managing Director of South Africa and Chief Financial Officer for the African... 

Denel explores new growth opportunities in the Middle East, North Africa

By: African News Agency      18th February 2019 State arms company Denel said on Monday it was attending a major global defence exhibition in Abu Dhabi this week to explore new growth opportunities for business in the Middle East and North Africa. Denel said its innovative products and systems would form the centrepiece of the South African... 

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

Africa, Middle East increase onshore wind power capacity to 5.7 GW

By: Marleny Arnoldi     11th February 2019 The Global Wind Energy Council (GWEC) on Monday released data that found Africa and the Middle East had installed 962 MW of onshore wind power capacity in 2018 – a 300 MW increase compared with 2017. The GWEC’s global wind report forecasts that a further 6.5 GW of capacity will be added by... 

Executives should take heed of risks, survey shows

By: Kim Cloete     8th February 2019 A recent survey has revealed that company executives are not adequately identifying and preparing for risks that could have potentially catastrophic implications on business operations, employees and society. The 2018 Global Operations Risk Survey of Corporate Leaders, was raised during a panel... 

New investor for Cape Town Cobra maker; electric car on the table

By: Irma Venter     4th February 2019 Les Hayden’s Cobra replica assembly line in Cape Town is up and running again, following a change in ownership.   Automotive Investment Holdings (AIH) in 2017 initiated a project to modernise the Hayden Cobra, but sold its interest in the venture after a decision to return to its core business of... 

Strong investment case for gold in 2019 – World Gold Council

By: Marleny Arnoldi     31st January 2019 Global gold demand in 2018 increased by 4% year-on-year to 4 345 t and was in line with the five-year average demand of 4 347 t. The World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report, published on Thursday, said the increase was driven by a 52-year high in central bank buying and... 

Cummins Inc. Celebrates Centennial Year

30th January 2019 Cummins Inc. is celebrating its 100th year as a company throughout 2019. Cummins today, which is listed as a Fortune 150 company, employs around 60 000 people worldwide, and serves customers in nearly every country across the globe. Cummins products range from diesel and natural gas engines to... 

Global crude steel increased by 4.6% in 2018

By: Tasneem Bulbulia     25th January 2019 Global crude steel production reached 1.81-billion tonnes in 2018 – 4.6% year-on-year increase, the World Steel Association (worldsteel) reported on Friday. Worldsteel pointed out that crude steel production had increased in all regions, except for the European Union (EU), which recorded a 0.3%... 

AECOM appoints new Director for Architecture in Africa

By: Creamer Media Reporter      25th January 2019 Premier fully-integrated global infrastructure firm AECOM has appointed Adriaan Vorster as Director for Architecture in Africa. Vorster is a professional architect with 19 years’ experience, including a decade at a strategic, managerial, and business leadership level. In addition, he has 15... 

Improved film helps extend solar panel lifetime

By: Halima Frost     25th January 2019 With a focus on continuous innovation, science multinational DuPont is developing a new and improved clear Tedlar film to increase efficiency and the life of a solar panel well beyond the industry standard of 30 years. The Tedlar film is made of polyvinyl fluoride polymer – which is a more... 

Ongoing tech investment seen as driver of future tourism growth

By: Schalk Burger     25th January 2019 South Africa must continue to invest in travel technologies and Internet of Things technologies to tap the potential of tourism amid changing expectations of travel and modes of transport, says digital security multinational Gemalto Commonwealth of Independent States, Middle East and Africa... 

CEOs to be more cautious this year as uncertainty, pessimism prevail – PwC 

By: Simone Liedtke     22nd January 2019 There are consistent trends in the 2018 and 2019 results of PricewaterhouseCoopers’ (PwC’s) annual CEO survey, with global CEOs – including those based in South Africa – plagued by pessimism and uncertainty in the new year. According to the survey, which was released on Monday, caution among CEOs... 

Middle East operators seen leading global 5G roll-out

By: Natasha Odendaal     18th January 2019 Pioneering mobile operators in the Gulf Cooperation Council (GCC) Arab States are expected to be the global leaders in the deployment of fifth-generation (5G) networks, driving innovative new services across the region and spurring future growth. All six markets, namely Bahrain, Kuwait, Oman,... 

GOP senate backs end to sanctions on firms tied to Putin ally

By: Bloomberg     17th January 2019 The Senate blocked a Democratic bid to force the Treasury Department to keep sanctions on three Russian companies linked to oligarch Oleg Deripaska, as most Republicans backed the Trump administration’s plan to lift the penalties. The 57-42 Senate vote Wednesday was three short of the 60 needed... 

Senate advances measure to keep sanctions on Deripaska companies

By: Bloomberg     16th January 2019 The Senate advanced a resolution to block the Treasury Department from lifting sanctions on three Russian companies linked to oligarch Oleg Deripaska, with 11 Republicans aiding Democrats in a rare split with President Donald Trump. The 57-42 vote to take up the measure Tuesday came shortly... 

International passenger numbers at Cape Town International Airport grow by 9.6% in 2018

By: African News Agency      14th January 2019 Last year, 2.6-million international passengers were recorded by Cape Town International Airport (CTIA), representing a 9.6% growth from 2017 despite the drought and other problems experienced by the region, the City of Cape Town said on Sunday. "This growth came from long-haul carriers from... 

AECOM maintains Level 1 B-BBEE status as transformation accelerates

By: Creamer Media Reporter      11th January 2019 The Level 1 status is affirmation of AECOM’s ongoing commitment to transformation, focusing on equity ownership and employment equity, skills development, supplier development, procurement, and socio-economic development. Ndala explains that, on a national level, a Level 1 B-BBEE accreditation... 

November airline traffic healthy, but moderating – Iata

By: Tasneem Bulbulia     9th January 2019 The International Air Transport Association (Iata) on Tuesday announced healthy, but moderating, global passenger traffic results for November 2018. Total revenue passenger kilometres (RPKs) rose by 6.2% compared with November 2017, a slight deceleration from 6.3% growth in October. 

Barrick's new CEO says gold industry shake-up is just starting

By: Bloomberg     4th January 2019 Barrick Gold Corp.’s new chief executive officer has a message for the gold industry: This is just the start of a big shake-up. Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4-billion deal announced in September. As part of the agreement, Randgold’s CEO, Mark Bristow,... 

Air Tanzania becomes first African-based Airbus A220 operator

By: African News Agency      21st December 2018 Air Tanzania as become the first African carrier to take delivery of the Airbus A220 aircraft, the newest addition to the Airbus family of commercial aircraft, the companies said on Friday. Representatives from the airline as well as Tanzanian government officials alongside executives from the... 

Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Global gold demand growing across market segments, held back by US ETF outflows

By: Marleny Arnoldi     1st November 2018 World Gold Council (WGC) member and market relations head John Mulligan says the third quarter was a strong one for the global gold industry. Although demand increased by only 1%, or 6 t, compared with the third quarter 2017, the 964 t of gold demand recorded in the third quarter was underpinned... 

Denel reports R1.7bn operating loss for 2017/18, turnaround progressing 

By: Marleny Arnoldi     31st October 2018 State-owned defence industrial group Denel on Wednesday, with the release of its yearly results, stated that its operating loss of R1.7-billion for the 2017/18 financial year clearly shows a business that has had a difficult year, marked by lapses in governance, mismanagement and poor contract... 

Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

Merkel looks to Africa to cement a legacy shaped by migration 

By: Reuters     30th October 2018 German Chancellor Angela Merkel hosted African leaders on Tuesday, pledging a new development fund to tackle underdevelopment on the continent that has helped to spur mass migration, shaping the later years of her long premiership. Merkel announced on Monday she would retire from politics by... 

Famous Brands posts H1 organic growth, despite pressure on some business segments 

By: Marleny Arnoldi     29th October 2018 JSE-listed franchiser Famous Brands on Monday reported strong organic growth by its brands in the South Africa and Africa and Middle East (AME) regions during the six months to August 31. Operating profit for the first half of the financial year was up 3.9%, at R421.8-million, compared with... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

More data to train machines set to change business functions

By: Schalk Burger     26th October 2018 Machine learning, underpinned by massive volumes of data, and the cognitive systems they enable will be key to business in the future, says data management company CommVault Europe, Middle East and Africa senior marketing director Nigel Williams. Whether it is computational fluid dynamics or... 

BTT starts construction on Richards Bay LPG storage facility  

By: Tasneem Bulbulia     25th October 2018 Bulk liquid storage operator Bidvest Tank Terminals (BTT) on Thursday celebrated the start of construction on its R1-billion mounded liquified petroleum gas (LPG) storage facility in Richards Bay. The facility is set to house the largest tanks in the world once completed and is anticipated to... 

Starbucks Evolves Structure in EMEA to Accelerate Long-Term Strategic Growth

22nd October 2018 Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support... 

Five Reasons Why South Africans Are Applying for Citizenship-by-Investment

By: Creamer Media Reporter      19th October 2018 Citizenship-by-Investment is on the rise globally with over 2.4bn USD spent each year derived mostly from China, the Middle East, and Russia, with South Africa not far behind.   Next Generation Equity (NGE), global specialists in second citizenships and residency options, says South Africa is... 

African Chemicals Imbizo registers impressive growth

By: Natasha Odendaal     19th October 2018 The fourth African Chemicals Imbizo, to be held in Durban from October 24 to 25, is expected to be the largest one in its four-year history. Starting as a modest concept of meetings between members of the Durban Chemicals Cluster (DCC) – a public-private partnership between eThekwini municipality... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

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