R/€ = 13.85 Change: -0.39
R/$ = 12.75 Change: -0.34
Au 1255.37 $/oz Change: 1.57
Pt 969.00 $/oz Change: 1.50


DTI optimistic about R4bn titanium beneficiation project in Richards Bay IDZ

By: African News Agency      27th March 2017 The launch of a new R4-billion titanium beneficiation project for manufacturing titanium pigment at the Richards Bay Industrial Development Zone (IDZ) next month is a significant and commendable milestone in South Africa’s mineral beneficiation and industrialisation paths, Trade and Industry... 

Authorities help to curb counterfeit car part imports

By: Marleny Arnoldi     24th March 2017 The South African Police Service (SAPS), the Department of Trade and Industry (DTI) and the South African Revenue Service’s Customs offices are committed to reducing the number of imported counterfeit spare parts for motor vehicles, says law firm Spoor & Fisher. 

Peugeot vehicles to be assembled in Kenya

     24th March 2017 French multinational automotive manufacturer General Motors and Peugeot-Citroen (PSA Group) and motor dealer Urysia Limited Authorised Peugeot Dealers, will begin in June with supplying a yearly volume of over 1 000 Peugeot units in order to meet the expectations of the Kenyan market.  

Smart tyre for future urban fleets designed

     24th March 2017 Tyre manufacturer Goodyear unveiled the Goodyear IntelliGrip Urban concept tyre at the Geneva International Motor Show 2017, in Switzerland, on March 7.  

Partnership aims to build 25 fly farms a year

By: Irma Venter     17th March 2017 Austria-based engineering group Christof Industries has partnered with waste-to-nutrient company AgriProtein to build up to 25 fly farms a year. AgriProtein rears fly larvae (on an industrial scale) on organic waste and harvests the larvae to make natural, high-protein animal feed products.  

Smart projectors being used to enrich meetings and lessons

By: Schalk Burger     17th March 2017 Smart projectors that enable users to interact directly with the images and videos displayed are increasingly being used in commerce and education to make meetings and lessons rich and collaborative, says electronics multinational Epson Europe, Middle East, Africa and Russia Visual Instruments... 

Zambia agreement seen paving way for further solar power solutions

By: Dylan Slater     17th March 2017 The government of Zambia last month signed a second mandate with Scaling Solar, an initiative of the World Bank Group, which is helping developing countries procure low-cost, privately financed, solar power.  

Dubai’s CSP price cap seen driving technology’s competitiveness 

By: Terence Creamer     16th March 2017 A leading developer of concentrated solar power (CSP) projects in Africa and the Middle East believes the price cap proposed by the Dubai Electricity and Water Authority (DEWA) for an upcoming CSP project could add significant impetus to improving the technology’s cost competitiveness, which may... 

Anglo's future thrown in question as billionaire grabs stake

By: Bloomberg     16th March 2017 In its 100-year history, Anglo American Plc has endured commodities booms and busts, South African apartheid and bitter boardroom disputes. Now the British mining giant is threatened by the ambitions of Anil Agarwal, an Indian scrap-metal trader turned billionaire mining tycoon. In a surprise... 

EOH posts strong interim results

By: Anine Kilian     15th March 2017 JSE-listed EOH reported a 21% year-on-year increase in revenue to R7.24-billion for the six months ended January 31, while net profit increased by 29% year-on-year to R597-million. Earnings a share and headline earnings a share grew by 23% and 22% respectively. 

South Africa's Engen to ship gasoil to Singapore in rare move – sources

By: Reuters     15th March 2017 South African petroleum company Engen is set to export a gasoil cargo to Singapore, according to trade sources and shipping data. The company has provisionally booked the Torm Horizon to transport 35 000 t of gasoil to Singapore from Durban, shipping fixtures showed. 

Somali pirates hijack first commercial ship since 2012

By: Reuters     14th March 2017 Pirates have hijacked an oil tanker with eight Sri Lankan crew onboard, a Somali official said on Tuesday, the first time they have successfully taken a commercial ship since 2012. The Aris 13 sent a distress call on Monday, turned off its tracking system and altered course for the Somali port... 

Glencore hires Morgan Stanley banker as it targets investments

By: Reuters     13th March 2017 Glencore has hired a senior banker from Morgan Stanley, two sources familiar with the matter told Reuters, as the mining giant looks at investments and acquisitions again after two years of belt tightening due to low commodities prices. The Zug, Switzerland-based company has hired Cyrus... 

South Australian magnetite consortium finds possible offtake partner

By: Esmarie Swanepoel     13th March 2017 ASX-listed Magnetite Mines has announced the signing of a sale and purchase letter of intent (LOI) between the South Australian Magnetite Consortium and a non-Chinese steelmaker for the purchase of one-million tonnes a year of iron-ore concentrate for pelletising purposes. The South Australian... 

SYSPRO Appoints New MD for Africa

     10th March 2017 Global ERP provider SYSPRO has appointed Mark Wilson as the new MD for Africa effective January 2017. He has over 20 years of professional experience within the IT industry, having held various executive roles including, FD, MD and VP positions in the Middle East, India and Africa. Mark’s... 

Forging market for automotive application to be valued at $56-billion by 2022

     10th March 2017 Market research company Zion Market Research has published a new report highlighting that the global steel forging market for automotive applications was valued at $41.77-billion in 2016 and is expected to reach $56-billion in 2022, growing at a compound annual growth rate (CAGR) of 5.1% between... 

Laas sees German group’s interest in M&R as ‘an opportunity, not a threat’

By: Irma Venter     10th March 2017 Murray & Roberts (M&R) CEO Henry Laas views ATM Holding’s acquisition of a 25.5% shareholding in M&R, as “an opportunity, not a threat”. “I’m pretty relaxed about what is happening.” 

Status change for Kenya airport opens way for direct flights to the US

By: John Muchira     10th March 2017 Kenya’s Jomo Kenyatta International Airport (JKIA) has been granted Category 1 status by the US Federal Aviation Administration (FAA), paving the way for airlines to operate direct flights between JKIA and airports in the US. This followed a meticulous assessment by the FAA and other US agencies. 

Water scarcity increases need for water treatment chemicals

     10th March 2017 South Africa's growing water scarcity and infrastructure inadequacy are projected to lead to to an escalation in the need for effective water treatment chemicals, notes market research company Frost & Sullivan. The company notes that a rise in environmental awareness has accelerated the move away... 

Africa’s Biggest Coatings Show Entrusted To Major Global Expo Organisers

     9th March 2017 Leading international exhibitions organisers, dmg events - Middle East, Asia & Africa, will in June next year stage Coatings for Africa 2018, the largest event for its industry on the continent. Coatings for Africa – the longest-running coatings event in Africa - is jointly presented by the SA... 

Global experts to assess market conditions and outlook for gold at 2017 Dubai Precious Metals Conference

     7th March 2017 Sixth annual conference to explore challenges and opportunities facing precious metals sector across key markets including China, India, Middle East and Turkey. Despite a challenging performance towards the end of last year, precious metals gained 11.71% over 2016, driven by economic volatility... 

Titans of oil world meet in Houston after two-year price war

By: Reuters     6th March 2017 The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When Opec in November joined with several non-Opec... 

New General Manager for Maptek EMEA and CIS operations

     3rd March 2017 Maptek is pleased to announce that James Moncrieff has been appointed General Manager to lead our operations across Europe, Middle East, North Africa and CIS. A part of the Maptek family for 13 years, Moncrieff was until recently managing the Maptek I-Site reseller distribution network in Asia... 

Band-It flourishes in SA market due to novel applications and products

     3rd March 2017 The South African market continues to have unique applications for stainless steel band, buckle systems, preformed clamps, and cable tie products from Band-It, which means it continues to be an important growth area for the international OEM. Visiting local Band-It distributor, Banding &... 

Competition authorities approve Electrolux’s buyout of Kwikot Group

By: Anine Kilian     2nd March 2017 Competition authorities in South Africa, Botswana and Namibia have approved Electrolux’s acquisition of Kwikot Group. Electrolux in November 2016 announced its plan to buy Kwikot for an undisclosed amount. 

Riverbed Appoints Andy Elder as Senior Vice President Sales in EMEA

     2nd March 2017 Elder brings 25+ years of industry expertise to help drive the Company’s continued growth and transformation across EMEA   Riverbed Technology has appointed Andy Elder as Senior Vice President of Europe, the Middle East and Africa, reporting to Paul Mountford, Senior Vice President and Chief... 

Riverbed Appoints Andy Elder as Senior Vice President Sales in EMEA

     2nd March 2017 Riverbed Technology has appointed Andy Elder as Senior Vice President of Europe, the Middle East and Africa (EMEA), reporting to Paul Mountford, Senior Vice President and Chief Sales Officer at Riverbed. Elder will be responsible for the company’s sales strategy and go-to-market execution in EMEA... 

GM plans to sell stake in East African unit to Isuzu

By: Reuters     1st March 2017 General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu Motors Ltd, as the US carmaker continues to streamline by exiting non-core operations. Isuzu will acquire GM's 57.7% stake in the unit in Kenya, which... 

New Affordable Interface Flooring Range Now Available Locally From KBAC

     27th February 2017 KBAC Flooring, sole South African distributor of the world’s leading modular flooring manufacturer, Interface, has locally launched the new Interface Employ Loop and Lines ranges which have been hailed overseas for their unlimited creative design options in commercial installations.  Lesley... 

Cummins to grow its Southern African presence as it celebrates 70-years

By: Schalk Burger     24th February 2017 Power and engine multinational Cummins aims to grow its presence in its Southern  African operations, including Botswana, Zimbabwe, Zambia and Mozambique, says Cummins Southern Africa MD Thierry Pimi. The key industries for Cummins in the region are the mining, power generation and automotive... 

Driverless transport startup receives backing from rail equipment giant

By: Dylan Slater     24th February 2017 Railway systems and equipment company Alstom is investing €14-million in driverless transport startup company EasyMile, which is developing the EZ10 electric driverless shuttle.  

MENA region to account for big proportion of 3% growth

     24th February 2017 Last month, international consultancy company Deloitte projected a growth of more than 3% in global defence spending in 2017 after years of declining budgets. 

Bidcorp expects upward momentum in the second half of FY17

By: Natasha Odendaal     23rd February 2017 After maintaining a strong upward trajectory across all geographies during the six months ended December 31, JSE-listed Bidcorp is optimistic about its future prospects With a global rebranding effort to ‘Bidfood’ under way to reinforce its image as “value-add food people”, Bidcorp’s foodservice... 

Aton share buying spree 'opportunity, not threat', says M&R’s Laas

By: Irma Venter     23rd February 2017 Murray & Roberts (M&R) CEO Henry Laas views ATM Holding’s acquisition of a 25.5% shareholding in M&R, as “an opportunity, not a threat”. “I’m pretty relaxed about what is happening.” 

Murray & Roberts posts H1 loss

By: Anine Kilian     22nd February 2017 JSE-listed Murray & Roberts (M&R) on Wednesday reported an attributable loss of R60-million for the six months ended December 31. Revenue and profit from continuing operations were R10.7-billion and R119-million respectively for the period. 

Cliffe Dekker Hofmeyr sees some blue sky for businesses in 2017

     22nd February 2017 Business law firm Cliffe Dekker Hofmeyr last night clinched top honours for M&A Deal Flow for the eighth consecutive year at the annual DealMakers Awards. “Deal activity may have slowed but indications are that we may be in for a stronger 2017 as businesses get more strategic and seek out growth... 

A380 airliner restored to the Johannesburg route by Emirates

By: Keith Campbell     17th February 2017 Major international airline Emirates, based in Dubai, recently reintroduced the Airbus A380 Superjumbo on to its Dubai-Johannesburg route, to meet growing passenger demand. Previously, the airline had operated the A380 on its Johannesburg route for a few months in 2011/2012, but the market had... 

African and global airlines enjoyed strong passenger growth last year

By: Keith Campbell     17th February 2017 Last year, African airlines experienced their strongest year of passenger growth since 2012, the International Air Transport Association (IATA) has reported. Passenger numbers on international flights within, and to and from, the continent, measured in revenue passenger kilometres (RPKs),... 

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