R/€ = 14.50 Change: -0.02
R/$ = 12.90 Change: 0.05
Au 1259.05 $/oz Change: 6.91
Pt 949.00 $/oz Change: 4.00


Vedanta hits production high spot at Black Mountain

By: Martin Creamer     24th May 2017 Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring... 

South Africa, Namibia collaborate on science statistics

By: Megan van Wyngaardt     22nd May 2017 South Africa’s Human Sciences Research Council’s Centre for Science, Technology and Innovation Indicators (CeSTII) and Namibia’s National Commission on Research, Science and Technology will collaborate on the production of national scientific and innovation statistics, which enables the countries... 

Ecsponent Development Fund improving BEE procurement in the Mining Sector

     22nd May 2017 JSE-listed African financial services company, Ecsponent Limited, says that its unique Ecsponent Development Fund (EDF) provides large corporate business with an effective way of managing preferential procurement and improving reliable delivery whilst ensuring true social upliftment and skills... 

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group aims to build on its 115-year heritage to become a “leading, Tier 1, infrastructure player in South... 

Company reaches 400-mark installation milestone

By: Marleny Arnoldi     19th May 2017 Water solutions company Amanziflow Projects have installed more than 400 of its locally developed Fluid Dynamic Systems automatic diaphragm valves (FDS-DVs) across Southern Africa to date.  

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company, conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group, aims to build on its 115-year heritage to become a “leading, tier one, infrastructure player in... 

Trevali shareholders vote overwhelmingly in favour of African asset acquisitions

By: Henry Lazenby     18th May 2017 Trevali Mining reported Thursday that a majority of shareholders present and represented at the company’s special meeting have voted in favour of all resolutions presented, including the acquisition of a suite of African zinc assets from Glencore. 

Standard Bank provides $120m debt package to increase energy supply in Zimbabwe

By: Anine Kilian     16th May 2017 Standard Bank has finalised a $120-million debt package with Zimbabwe Power Company (ZPC) for the rehabilitation of existing power infrastructure at the Kariba South hydropower station and the Hwange thermal power station. The transaction is a continuation of a previous funding arrangement with... 

Drill the SmartROC way

     12th May 2017 Atlas Copco’s automated SmartROC Down-The-Hole and Top Hammer drill rigs have transformed the drilling procedure. Equipped with smart technology, these rigs help to drive down operational and maintenance costs, drive up efficiencies, increase safety and reduce carbon footprints for sustainable... 

Focus on future uranium tech amid subdued price

By: Robyn Wilkinson     12th May 2017 With innovations in the extraction and application of uranium constantly being made, the Uranium 2017 International Conference will provide a platform for the discussion of advances in the industry and a forum for generating new ideas. 

AfDB to support Namibia’s economic governance, competitiveness

By: Megan van Wyngaardt     11th May 2017 The African Development Bank (AfDB) has approved a R3-billion loan to finance the Namibia Economic Governance and Competitiveness Support Programme (EGCSP), which will support the strengthening of public financial management and improve the quality and efficiency of public sector spending. “The... 

Analyst sees global diamond output rising 11.5% in 2017

By: Henry Lazenby     9th May 2017 Global mined diamond output in 2017 is expected to increase 11.5% year-over-year to 142.3-million carats, worth some $15.6-billion, which itself is a 9.9% increase in forecast total value produced, evaluation by independent diamond analyst Paul Zimnisky has found. The top ten largest mines in the... 

Paladin to proceed with potential Langer Heinrich mine sale

By: Henry Lazenby     6th May 2017 ASX- and TSX-listed uranium miner Paladin Energy has agreed to allow an independent valuation process to move forward regarding the sale of its 75%-stake in the Langer Heinrich mine (LHM), in Namibia’s Erongo region, to joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s)... 

Report identifies key areas for growth in Africa

By: Robyn Wilkinson     5th May 2017 Well-balanced economies that have shown steady performance over an extended period present key opportunities for growth and development in Africa, while those with high political risk will continue to fail to instill confidence in foreign direct investors, says trade credit insurer Coface. 

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... 

B-BBEE must look beyond regulation to be effective in supply chain procurement

     3rd May 2017 Black Economic Empowerment (BEE) is one of the most highly regulated aspects of the South African business landscape today. The most recent changes to the regulations have both large corporate businesses and smaller businesses going back to the scorecard drawing board. Louis Coetzee, General... 

Aviation barometer records tepid total passenger traffic growth at ACSA airports

By: Keith Campbell     2nd May 2017 The Airports Company South Africa (ACSA) released its 'Aviation Barometer: Quarter 1/January 2017 - March 2017' report on Tuesday. This is the latest in the company’s quarterly reports on passenger flows through its nine airports. “Overall passenger growth in the first quarter of 2017 was... 

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... 


By: Zandile Mavuso     28th April 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

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.  

Shift away from coal good for jobs and more

     28th April 2017 US President Donald Trump’s executive order to repeal former President Barrack Obama’s environmental policies without offering an alternative for how the US will address climate change shows poor leadership and a lack of long-term vision. The executive order will not bring back the coal industry,... 

First-class service keeps customers returning to Babcock

     26th April 2017 Babcock’s tailor-made aftersales service and reliable technical support, coupled with competitive pricing, were major deciding factors in Bidfreight Port Operations’ recent purchase of two additional SDLG wheeled loader machines from Babcock. Bidfreight Port Operations (BPO) is one of the largest... 

Rössing Uranium swings to FY profit, despite low prices

By: Creamer Media Reporter      25th April 2017 In what was a very tough year for the uranium mining industry, Rio Tinto subsidiary Rössing Uranium, which operates in Namibia, swung to a profit of N$107-million in 2016, from a loss of N$385-million in 2015. In the company’s ‘Report to Shareholders 2016’, MD Werner Duvenhage said the year was... 

CIG uncertain about local outlook, but sees growth potential in Africa

By: Megan van Wyngaardt     24th April 2017 Pan-African infrastructure group Consolidated Infrastructure Group (CIG) on Monday posted revenue growth of 29% to R2.7-billion for the six months to February 28, owing to its strategy to expand across Africa’s energy markets. The company further reported a 20% year-on-year increase in its... 

BlueNova launches production facility as lithium battery bug bites in South Africa  

By: Kim Cloete     24th April 2017 Energy storage solutions company Blue Nova has launched a new production facility in Somerset West, near Cape Town, to keep up with rising demand for lithium-iron-yttrium-phosphate (LiFeYPO4) batteries. Lithium-ion batteries, of which LiFeYPO4 batteries are a type, are seen as an excellent... 

AfDB welcomes Zambia, Ghana to bond index

By: Megan van Wyngaardt     24th April 2017 The African Development Bank (AfDB) has added Zambia and Ghana to its African Bond Index (ABI), expanding the index to the eight most liquid sovereign bond markets in Africa. The ABI provides investors with a tool with which to measure and track the performance of Africa’s bond markets. 

De Beers achieves 8% y/y increase in Q1 diamond output

By: Megan van Wyngaardt     24th April 2017 Diamond giant De Beers’ rough diamond production increased by 8% to 7.4-million carats in the first quarter of the year, reflecting the contribution of the Gahcho Kué mine, in Canada. The joint venture mine reached commercial production on March 2 and contributed 600 000 ct to De Beers’... 

Sacu makes formal request to initiate post-Brexit trade talks with UK 

By: Terence Creamer     21st April 2017 South Africa’s Trade and Industry Minister Dr Rob Davies reports that the Southern African Customs Union (Sacu) has written a letter to the UK government formally requesting the initiation of talks on the terms of the bilateral trade relationship that will be put in place when Britain exits the... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

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... 

Alternative power supply approach to benefit low-income areas

By: Robyn Wilkinson     21st April 2017 Alternative energy supply company Specialized Solar Systems (SSS) is making significant headway in driving the large-scale implementation of its solar-powered distributed direct current microgrids, which incorporate the Internet of Things (IoT) to supply energy to low-income areas in the form of... 

Cross-border power to boost African economies

By: Robyn Wilkinson     21st April 2017 With the announcement of an ambitious power project to connect Cape Town and Cairo within the next three years by regional orhganisation the Eastern Africa Power Pool, the opportunities for reliable cross-border electricity generation are once again in the spotlight, says power generation... 

Generator giant to expand its Southern Africa network

By: Robyn Wilkinson     21st April 2017 Power generation equipment developer Himoinsa’s new subsidiary, Himoinsa Southern Africa, will provide a base from which the company can develop its geophysical footprint in Southern Africa by expanding and supporting its existing distribution network. 

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... 

Paladin output falls in line with reduced mining plan

By: Esmarie Swanepoel     19th April 2017 Uranium oxide (U3O8) production from the Langer Heinrich mine, in Namibia, fell by 26% during the three months to March as production was impacted by the first full quarter of a reduced mining plan. Miner Paladin Energy on Wednesday reported that production from the Langer Heinrich mine reached... 

Exosun, Lesedi partnership to offer localised solar tracking solutions

By: Mia Breytenbach     14th April 2017 Global supplier of solar tracking solutions for ground-mounted photovoltaic (PV) plants Exosun and South Africa-based engineering, procurement and construction company Lesedi Nuclear Services have entered into a partnership to provide localised solar tracking systems in South Africa. “Lesedi will... 

KSB Pumps & Valves

     14th April 2017 East Rand-headquartered KSB Pumps & Valves is an original-equipment manufacturer of technologically advanced pumps, valves and related products for the water, sewage, chemicals, petrochemicals, mining and building services sectors, among others. Since its establishment in 1959, the company has... 

Baker McKenzie launches app to assist in case of antitrust dawn raids

By: Natasha Odendaal     13th April 2017 An application (app) that assists clients in navigating the coordinated dawn raids undertaken by competition authorities has been expanded to accommodate 44 countries, including South Africa. Multinational law firm Baker McKenzie’s Dawn Raid app delivers real-time step-by-step guidance on the... 

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