R/€ = 17.47Change: -0.09
R/$ = 15.73Change: -0.21
Au 1212.98 $/ozChange: -1.01
Pt 977.00 $/ozChange: -4.00


South African, world business growing – Emirates

By: Keith Campbell     8th March 2013 The cargo division of Dubai-based international airline Emirates, which is branded as SkyCargo, is reporting good airfreight traffic to and from South Africa. “With South Africa we have quite a nice mix of cargo,” says South Africa-based SkyCargo senior cargo sales executive Muhammad Cassim.... 

Company Announcement: 140 Years Young in 2013!

     7th March 2013 Industrial Group, Atlas Copco, world-leading specialist in compressors, construction and mining equipment, power tools and assembly systems that deliver sustainable customer solutions, celebrated 140 years of global success on 21st February 2013 

Africa offers greatest freight, shipping growth potential

By: Natalie Greve     6th March 2013 While beleaguered by inadequate infrastructure and complex customs regulations, Africa’s emerging economy offered the greatest potential for growth and expansion in the freight and shipping market, said DHL Europe, the Middle East and Africa Global Forwarding CEO Thomas Nieszner. “Although the... 

Company Announcement: Oiltanking Grindrod Calulo (Pty) Ltd Acquires Two Liquid Bulk Terminals in South Africa

     1st March 2013 Oiltanking GmbH, Grindrod Ltd and Calulo Investments (Pty) Ltd today announced that through their South African joint venture associate company, Oiltanking Grindrod Calulo (Pty) Ltd they have entered into an agreement to acquire the business of Grindrod Tank Terminals a division of Grindrod... 

Company Announcement:International Solutions on Show at Watertec Africa

     1st March 2013 South Africa’s growing demand for clean, potable water continues to put pressure on resources and infrastructure, a trend that is common all over Africa 

Antonov to give African charity operations a lift

By: Keith Campbell     1st March 2013 Russian aviation company UTAir and South African business aviation company ExecuJet have donated an Antonov An-2 utility aircraft to support charity operations in Southern Africa. (The two companies have had close relations at group level for many years.) It is hoped that, with the support of... 

Flash storage thin-client enables remote CAD, CAM desktops

By: Schalk Burger     1st March 2013 The processing requirements to run computer-aided design (CAD) and computer-aided manufacturing (CAM) engineering programs means engineers often cannot work on these drawings and designs from a construction or manufacturing site and, subsequently, must return to their offices to update or modify... 

Company Announcement: SAITEX Attracts Massive Chinese Exhibitor Interest

     28th February 2013 Chinese companies will make up a significant amount of all exhibitors taking part in this year’s Tools, Hardware and Building Supplies expo, a component show of the phenomenally successful Southern African International Trade Exhibition  

Labour strife gives recovering Murray & Roberts a R200m bill

By: Irma Venter     28th February 2013 Strike action in South Africa cost JSE-listed construction group Murray & Roberts an estimated R200-million in the six months ended December 31, said CE Henry Laas on Thursday as he announced the company’s interim financial results. A nationwide transport strike, for example, impacted on the... 

Homegrown tool offers company, govt officials improved conflict-of-interest visibility

By: Terence Creamer     26th February 2013 The developer of a homegrown risk management application, which enables corporates and government departments to track and audit potential conflicts of interests within their supply chains, reports that the solution is gaining market acceptance domestically and that there is now also potential to... 

Biomedical robot use on growth path – Yaskawa

By: Martin Creamer     26th February 2013 The use of robots in the biomedical field is expected to grow significantly, says the Japanese Yaskawa, which is investing in its newly acquired Southern African growth platform. Yaskawa Europe COO Manfred Stern told Engineering News Online that 25 of the company’s dual-arm robots were being put... 

China’s interest in Africa picking up as its economy recovers

By: Keith Campbell     22nd February 2013 The year 2011 saw a staggering increase in Chinese mining investments in Africa. Whereas these had totalled some $1.5-billion at the end of 2010, by the conclusion of 2011 the figure had rocketed to $15.6-billion. Africa has become the site of almost 75% of Chinese foreign mining investment. The... 

Project Mthombo, South Africa

By: Sheila Barradas     22nd February 2013 Feasibility studies on the project are expected to be concluded by the end of 2013 

Company Announcement: MicroStrategy, BITanium in HASP partnership

     21st February 2013 Business Intelligence solutions provider BITanium has partnered with global enterprise software giant MicroStrategy to deliver off-site BI solutions to South African enterprises 

SA needs balance between energy affordability, access – Frei 

By: Idéle Esterhuizen     20th February 2013 Renewable energy and electricity storage were two critical uncertainties in South Africa’s energy sector, the World Energy Council’s (WEC’s) World Energy Trilemma Study has shown. Speaking at the Africa Energy Indaba on Wednesday, WEC secretary-general Christoph Frei noted that a balance between... 

Company Announcement: Prysmian at Middle East Electricity 2013

     15th February 2013 The Group Presents the Most Recent Innovations for PD/PT and OGP Cables 

Company Announcement: New World Energy Council report identifies the critical issues holding back the transition of the global energy sector

     11th February 2013 Continued uncertainty in the future direction of climate frameworks, political instability of the Middle East and North Africa (MENA) region, energy price volatility, and the global economic recession are what energy leaders consider as the top ‘insomnia’ issues driving the world energy agenda... 

New power distribution units introduced to Africa

     8th February 2013   International network infrastructure provider Siemon has introduced a new range of intelligent power distribution units (PDUs) to Africa. 

The oil price outlook – 2013 and beyond 

By: Jeremy Wakeford     8th February 2013 The price of crude oil on international markets dominates financial news headlines for good reason: it’s the world’s most-traded commodity. With a multitude of complex and dynamic factors at play, there is a great deal of uncertainty surrounding oil prices both in the short term and the longer... 

Policy, politics, price identified as key global energy issues 

By: Natalie Greve     7th February 2013 Continued uncertainty in the future direction of climate frameworks, political instability in the Middle East and North Africa (Mena) region, energy price volatility, and the global economic recession were the fundamental energy issues for this year. This was according to the 2013 World Energy... 

Company Announcement: Specialist Quantity Surveyor Company Partners with All-Women Mining Consulting Group

     5th February 2013 Major specialist provider of comprehensive cost management services, Professional Cost Consultants (Pty) Limited (PCC), has announced that it has entered into a partnership agreement with Leyanda Consulting, effective as of 1 March 2013 

Majority of South Africans see corruption as main threat to FDI

By: Idéle Esterhuizen     4th February 2013 New research by global business advisory firm FTI Consulting revealed that 80% of South Africans regarded corruption as the greatest impediment to foreign direct investment (FDI) in the country. This was the result of a poll that covered more than 1 400 South Africans and that was conducted from... 

Africa next logical step owing to trade and development opportunities

By: Chantelle Kotze     1st February 2013 Logistics solutions provider Seko Logistics aims to increase its market share in Africa to 5%, up from the current 1%, through the establishment of new offices across Africa in the next five years. 

Study reveals gas, liquid fuels offer South Africa great opportunities

By: Sashnee Moodley     1st February 2013 A study, comprising industry interviews and data-based research by global strategy consultancy AT Kearney, has revealed that gas has the potential to transform the South African energy and manufacturing landscapes, as it offers significant growth opportunities, says AT Kearney principal Martin... 

Africa responds to aviation needs

By: Natasha Odendaal     31st January 2013 As air traffic to and within Africa increased, many countries on the continent had embarked on airport construction, expansion and upgrading initiatives to boost its aviation infrastructure and capacity, said Airport Council International (ACI) Africa project manager for membership, communication... 

Northland Resources to ship first ore in February

By: Henry Lazenby     31st January 2013 Toronto-listed iron-ore miner Northland Resources announced on Wednesday the company would start loading its first vessel with high-grade iron-ore from its Kaunisvaara mine, in Sweden, on February 9, for shipment to end-customer and partner Tata Steel UK, in the Netherlands. Northland's first... 

Company Announcement: Dimension Data wins Avaya Partner of the Year

     29th January 2013 Dimension Data, the $5.8 billion global ICT solutions and services provider, announced today that it has scooped two awards from Avaya, including Partner of the Year 2012 

Group Five expects 50% increase in H1 earnings a share

By: Natalie Greve     28th January 2013 Construction and infrastructure group Group Five expects its earnings a share for the six months ended December 31 to be between 50% and 60% higher than that of the previous corresponding period.Earnings a share were expected to be 142c a share for the six months. 

African aviation industry growing

By: Anine Kilian     25th January 2013 Air traffic in and around Central and sub-Saharan Africa is expected to increase by 12% this year, while international flights to Africa will increase by 6%, says Air Traffic Management worldwide leader Thales regional sales manager Norman Mathinya. He adds that, from 2021 to 2030, air traffic in... 

MAN Truck & Bus overhauls SA management structure

By: Irma Venter     25th January 2013 MAN Truck & Bus South Africa (SA) has changed its management structure to “improve customer proximity through greater decision-making power at the point of sale, effectively improving overall service delivery and customer satisfaction”. This means that MAN Truck & Bus SA will operate under the... 

Company Announcement: Airbus selects students with most innovative ideas to shape the future of flight

     24th January 2013 Some 100 teams selected for second round in global Fly Your Ideas contest 

EMEA corporates to limit spending in 2013 – Fitch

By: Idéle Esterhuizen     24th January 2013 Amid persistently challenging market conditions, corporate issuers from Europe, the Middle East and Africa would limit spending on expansionary capital expenditure (capex), dividends, as well as mergers and acquisitions in 2013, credit ratings agency Fitch said. To further limit cash erosion and... 

Afrox to invest in global footprint, add transfilling systems to ensure helium supply

By: Idéle Esterhuizen     21st January 2013 JSE-listed African Oxygen (Afrox) planned to ensure continued helium gas supply through ongoing investments in it global footprint, the addition of transfilling systems to supply more customers locally, a focus on loss reduction and helium conservation, products manager Marietha Strydom has... 

Company Announcement: Afrox Offers Helium Supply Assurance

     21st January 2013 Contracted Afrox helium customers have been enjoying prioritised supply without feeling the effect of the global helium shortag 

IMF in loan talks with Tunisia

By: Reuters     21st January 2013 The International Monetary Fund (IMF) has begun negotiations with Tunisia on a loan programme and is reviewing budget measures in Egypt before it moves forward with talks on a crucial $4.8-billion funding deal, a senior IMF official said on Friday. 

Australia expected to dominate LNG, quench demand

By: Esmarie Swanepoel     18th January 2013 With the rise of China and India in the East, the global demand for energy is set to increase significantly, with the International Energy Agency (IEA) estimating that a capital investment of some $620-billion dollars a year will be required in the oil and gas sector to meet the demand growth... 

Al-Zour refinery project, Kuwait

By: Sheila Barradas     18th January 2013 Once completed, the Al-Zour refinery will be the largest refinery in the Middle East . 

Conventional oil peaked in 2008 – IEA

By: Jeremy Wakeford     18th January 2013 In November, the International Energy Agency (IEA) released its annual World Energy Outlook (WEO) for 2012. For the most part, the international financial press seized on one element of the report – the prediction that the US will grow its oil production to such an extent that, by 2020, it could... 

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