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Nersa postpones public hearings into Rompco’s gas tariff application

By: Anine Kilian     2nd December 2016 The National Energy Regulator of South Africa (Nersa) has postponed public hearings into gas transmission pipeline company Rompco’s tariff application for a gas pipeline expansion project, in Mozambique, until January. Rompco is seeking approval from Nersa for a baseline tariff of R49.87/GJ for... 

High- and medium-speed power generation products for South Africa

     2nd December 2016 Power systems provider Rolls-Royce presented its high-speed and medium-speed power generation products, including various power generation solutions in the 24 kW to 9 400 kW range suitable for a wide variety of applications and types of fuel, at Power & Electricity World Africa. The event was... 

Monitoring portal ensures standby power equipment is primed

By: Robyn Wilkinson     2nd December 2016 Power management solutions provider Powermode has introduced its monitoring portal, which provides real-time feedback on the performance of standby power equipment to prevent power failures. 

African Marine Solutions Group (AMSOL) aquires the business of Smit Amandla Marine

By: Creamer Media Reporter      1st December 2016 SMIT Amandla Marine, a market leader in the provision of specialist marine solutions in the Southern African region, has been acquired by African Marine Solutions Group (AMSOL), owned by a consortium including SMIT Amandla Marine management and employees, the Mineworkers Investment Company,... 

South African company buys Smit Amandla Marine 

By: Megan van Wyngaardt     1st December 2016 African Marine Solutions Group (Amsol) has bought Southern Africa-focused specialist marine solutions provider Smit Amandla Marine from Netherlands-based maritime infrastructure company Royal Boskalis Westminster for €50-million, returning the company to South African ownership. Amsol is owned by... 

AMSOL acquisition of SMIT Amandla Marine - Media Statement 01 December 2016

     1st December 2016 SMIT Amandla Marine, a market leader in the provision of specialist marine solutions in the Southern African region, has been acquired by African Marine Solutions Group (AMSOL), owned by a consortium including SMIT Amandla Marine management and employees, the Mineworkers Investment Company,... 

Debt capital markets in Africa remain resilient, says Standard Bank

By: Megan van Wyngaardt     1st December 2016 A review of the continent’s activity in debt capital markets by financial services provider Standard Bank reveals continued growth in issuance, including the evolution of new asset classes, which speak well to both the resilience and future growth prospects of Africa’s debt capital markets. Debt... 

Gemfields postpones emerald auction for Indian customers to adjust to new reforms

By: Natasha Odendaal     1st December 2016 Aim-listed Gemfields has postponed its emerald auction until February to allow its India-based customers time to adjust to that country’s newly implemented demonetisation programme, which removes high denomination banknotes from circulation. The two-month delay in auctioning the predominantly... 

Rio Tinto says target of SEC probe over Mozambique coal

By: Reuters     1st December 2016 Global miner Rio Tinto said on Thursday it was cooperating with the US Securities Exchange Commission over financial impairments in 2012 related to its coal operations in Mozambique. "As the SEC investigation, which started in April 2013, remains ongoing it would be inappropriate to comment... 

Seacom’s business unit gains traction 

By: Natasha Odendaal     30th November 2016 Pan-African telecommunications firm Seacom has gained better-than-expected momentum in its quest to grow its enterprise segment, with the well received establishment of the second unit opening up the East African market. The business unit, which launched its full set of business offerings to the... 

SEC said to probe Rio Tinto on Mozambique deal impairments

By: Bloomberg     29th November 2016 The US Securities and Exchange Commission (SEC) is investigating a $3-billion impairment charge Rio Tinto Group booked on a Mozambique coal deal almost four years ago, according to a person familiar with the matter. The investigation is ongoing and is separate to an internal Rio review into... 

Balama Graphite Mine Powered By Zest Energy

     28th November 2016 The remote operation to mine one of the world’s largest finds of high grade graphite – the Balama deposit in Mozambique – will be powered by a generator plant being constructed through South Africa-based Zest Energy, part of the Zest WEG Group. According to Alastair Gerrard, managing director of... 

Sasol turns focus to oil in Moz after shoring up gas for 400 MW power plant

By: Terence Creamer     25th November 2016 South African energy and chemicals group Sasol has completed drilling two gas wells in southern Mozambique and has since turned its attention to the development of two commercial oil reservoirs, located in close proximity to its producing gas fields in Temane and Pande. Under the terms of the... 

Many benefits to locally produced liquid filtration options

By: Robyn Wilkinson     25th November 2016 Liquid filtration specialist Flow Clear Filtration has had exponential growth in market interest in its locally produced liquid filtration solutions, which are more cost-effective and accessible than imported options. 

Quantum HEPS down y/y owing to drought, volatile rand

By: Anine Kilian     24th November 2016 Unfavourable trading conditions in South Africa such as the protracted drought plaguing Southern Africa, the volatile rand and a significant increase in the cost of raw materials all contributed to a sharp decline in headline earnings per share (HEPS) for JSE-listed Quantum Foods, which reported... 

Enko Education launches its first South African school

By: Megan van Wyngaardt     23rd November 2016 Enko Education this month launched its first school in South Africa, bringing its total in sub-Saharan Africa to seven schools. The school, located in Ferndale, will teach a curriculum that is based on the International Baccalaureate (IB) Organisation norms. Its programmes lead to the completion... 

Tiger Brands posts higher income despite inflationary pressure 

By: Megan van Wyngaardt     23rd November 2016 The prolonged drought and significant currency volatility has contributed to significant inflation in raw material input costs for JSE-listed fast-moving consumer goods producer Tiger Brands in the financial year ended September 30. The higher costs impacted the grains and groceries divisions, in... 

FESPA Africa and Sign Africa Report Highest Visitor Attendance To Date

     23rd November 2016 The FESPA Africa and Sign Africa Expo held at Gallagher Convention Centre was a major success, with 5592 unique visitors from South Africa and international countries, 941 return visitors and 6533 total visits to the expo. Eighty-two percent of visitors were owners or senior management and 79%... 

Zimbabwe power utility expects loss to widen to $224m

By: Reuters     22nd November 2016 Zimbabwean national power company ZESA Holding's loss will widen to $224-million this year from $112-million in 2015 due to higher electricity imports and because it is selling power at below cost, the chief executive said on Monday. The southern African nation's economy is struggling from a... 

Eni signs off on plans for Mozambique gas development

By: Reuters     21st November 2016 Eni on Friday finalised plans to develop Mozambique's Coral South offshore gas project, part of a larger scheme that will see Italy's top energy company and partners spend an estimated $50-billion. Eni has discovered huge gas reserves in its Area 4 concession, offering Mozambique, one of the... 

Equipment supplier sets 40% target for women representation by 2020

By: Dylan Slater     18th November 2016 Equipment supplier Barloworld Equipment – a division of JSE-listed Barloworld – recently launched its 40/20 strategy, which aims to increase women representation to about 40% of the company’s staff by 2020.  

New development phase launched at gas-equipped Centurion estate

By: David Oliveira     18th November 2016 Southdowns Residential Estate, in Centurion, celebrated its tenth anniversary and the launch of its latest development phase earlier this month, which will result in the construction of 65 townhouses and 16 full-title clusters. The townhouse options include two- and three-bedroom lofts in sizes... 

Xtract completes Manica review

By: Anine Kilian     17th November 2016 Aim-listed Xtract Resources has completed a review of its Manica project, in Mozambique, as part of an overall review of the company's position relative to its various projects. The review concluded that Xtract should develop Manica solely on an openpit basis, with plans for a potential... 

Rolls-Royce unit eyeing Southern African gas-to-power prospects

By: Terence Creamer     17th November 2016 Power systems group Rolls-Royce aims to use a newly inaugurated 100 MW gas-fired power station at Ressano Garcia, in southern Mozambique, as a key reference plant, as several countries in the region consider their gas-to-power options. The plant is owned and operated by the independent power... 

Africa gets renewed broadband focus with Eutelsat offshoot

By: Natasha Odendaal     16th November 2016 Africa is set to benefit from a new broadband venture that aims to bridge the digital divide through the use of extensive, high-quality and affordable satellite infrastructure. Satellite communications provider Eutelsat’s newly established subsidiary Konnect Africa plans to deploy commercial... 

Modular building company provides practical solutions on Mozambican graphite mine

     15th November 2016 The discovery of large reserves of mineral resources in Mozambique has spurred many companies on to explore opportunities within the country’s mining sector. Having expanded its business into Mozambique 5 years ago, and with the opening of assembly plants in Palma and Tete, Kwikspace Modular... 

Vodacom reports growth as South African operations shine

By: Natasha Odendaal     14th November 2016 Telecommunications giant Vodacom on Monday reported maintaining headline earnings a share of 440c for the six months ended September 30, with net profit marginally down at R6.2-billion and operating profit up 5.4% to R10.7-billion. Earnings a share for the first half of the year contracted 0.5%... 

Tongaat Hulett upbeat about future prospects, despite drought impact

By: Anine Kilian     14th November 2016 The drought in Southern Africa has cut JSE-listed Tongaat Hulett’s sugar production in the current season by about 400 000 t. Speaking to Engineering News Online, CEO Peter Staude pointed out that the company’s sugar production had decreased from 1.4-million tons a few years ago, to an expected... 

Arguments for nuclear energy

By: Terry Mackenzie-hoy     11th November 2016 When I worked for State-owned power utility Eskom, I gave up trying to explain to people how power systems work. Right now I am hard practising my ignoring skills in the debate over whether or not we need nuclear power or whether or not wind power is good. But before I do this, before I drop the... 

Company celebrates long-time continuous operations in Africa

     11th November 2016 This month geotechnical contractor Franki Africa celebrates seventy years of continuous operation in Africa. The company highlights that it is more motivated than ever to move forward vigorously in spite of challenging times in the construction industry. “Seventy years is a significant milestone... 

Engen boosts customer convenience with water and biltong bars

     10th November 2016 Engen Petroleum, a leading producer and marketer of a wide range of fuels, lubricants and oil-based products has been busy trialling two fresh new concepts in selected outlets as a three-month trial, prior to extending the offerings across Southern African countries. The first is a concept called... 

South Africa has most construction projects on continent – report

By: Megan van Wyngaardt     9th November 2016 South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each. South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s 'Africa... 

Savannah establishes initial resource at Mutamba, now eyes scoping study

By: Megan van Wyngaardt     8th November 2016 Aim-listed Savannah Resources has declared an initial resource estimation of 3.5-billion tonnes at 3.8% total heavy minerals for two of the four deposits at its Mutamba project, in Mozambique. Of this resource estimate, 81-million tonnes comprised ilmenite, 2.2-million tonnes contains rutile and... 

Metals of Africa raises A$9m

By: Esmarie Swanepoel     7th November 2016 ASX-listed Metals of Africa will raise A$9-million through a share placement to progress its graphite projects in Mozambique. The company said on Monday that it had received commitments from institutional and sophisticated investors to take up 100-million fully paid ordinary shares in Metals of... 

Raubex achieves H1 earnings growth

By: Natasha Odendaal     7th November 2016 Raubex Group on Monday posted a 22.9% and 22.1% increase in earnings per share (EPS) and headline earnings per share (HEPS) respectively for the six months to August 31. Interim EPS increased to 132.7c, from the 108c a share recorded in the comparative six months the year before. 

Sugar expected to yield sweet profit for Tongaat Hulett

By: Megan van Wyngaardt     4th November 2016 Tongaat Hulett expects to report a R1.35-billion operating profit for the six months to September 30, a 5.8% increase on the R1.27-billion recorded in the six months to September 2015, owing to strong performance in its starch operations. Headline earnings for the six months under review are... 

Modified wagon designs to increase volumes per trip

By: Simone Liedtke     4th November 2016 By modifying construction materials and wagon design, original-equipment manufacturer Galison Group believes that the lighter weight of a wagon will significantly reduce transport and production costs, by enabling customers to increase their production volumes per wagon per trip. 

Sound planning, partnerships critical for success of Africa’s gas-to-power initiatives

By: Creamer Media Reporter      4th November 2016 Africa is home to one of the greatest future energy sources – gas. Continuous exploration and talks, combined with gas’s low carbon make-up, have paved the way for a potentially powerful emerging gas-to-power market.  However, bringing gas-to-power facilities on line involves a complex process of... 

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