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Denel On Track To Meet Contract With Namibia

     Updated 3 hours ago Denel is on track to deliver armoured patrol vehicles and light-weight remote weapon systems to Namibia within the next four months.   The contract is a substantial one and consists of eight RG32M vehicles and four SDROW weapon stations. Johan Steyn, CEO of Denel Vehicle Systems, says delivery to... 

Denel meeting mine-resistant vehicle contract from Namibia

By: Keith Campbell     Updated 5 hours ago South African defence group Denel reported on Thursday that its subsidiary, Denel Vehicle Systems, was on track to complete an export order to Namibia by the end of March. The order is for eight RG32M vehicles and four Self Defence Remotely Operated Weapon (SDROW) stations. The group described... 

SA Pump Manufacturer Celebrates 37 Years Of Internationally Proven Award Winning Pump Designs

     19th January 2017 HAZLETON PUMPS, a family owned and managed business located in Centurion, has been continually awarded since the company’s inception 37 years ago with numerous awards and is regarded as a world leader in the pumping of high head, high volume acidic liquids containing solids utilising their... 

Paladin more positive on FY17 outlook

By: Esmarie Swanepoel     18th January 2017 Uranium miner Paladin Energy has revised its production and cost guidance for the 2017 financial year to June, with uranium oxide (U3O8) output now expected to exceed four-million pounds. This compares with a previous guidance of 3.8-million pounds to four-million pounds of U3O8 in the 12-month... 

Plant shutdowns impact Vedanta's Q3 output

By: Megan van Wyngaardt     16th January 2017 Despite lower output at its zinc operations in the third quarter of the current financial year, diversified miner Vedanta Resources says it is still on track to achieve its stated guidance of higher mined metal production for the full year. Its total production across operations for the quarter... 

Comair CEO raises questions on State airlines merger 

By: News24Wire      12th January 2017 It is unclear what a merger between the three State-owned airlines SAA, Mango and SA Express would achieve that cannot be achieved by each airline individually, Erik Venter, CEO of Comair, told Fin24. This was in reaction to a parliamentary response by Public Enterprises Minister Lynne Brown.... 

Auroch secures more land in Namibia

By: Esmarie Swanepoel     12th January 2017 Junior Auroch Minerals has continued to grow its Karibib lithium project, in Namibia, signing an option and joint venture (JV) agreement over a nearby exploration tenement. The company on Thursday reported that the option and JV agreement, under which it could earn up to a 90% interest in a... 

ACSA’s airport charges for 2017/18 decrease by 35.5%

By: Anine Kilian     9th January 2017 Airports Company South Africa’s (ACSA’s) airport charges will be reduced by 35.5% for the 2017/18 financial year. Airport charges will then rise by 5.8% in the 2018/19 financial year and 7.4% in the 2019/20 financial year. 

Paladin in dire straits as offtake partner seeks more security for $200m prepayment

By: Henry Lazenby     5th January 2017 ASX- and TSX-listed uranium producer Paladin Energy on Wednesday reaffirmed that it is not to receive any further cash from offtake partner Électricité de France (EdF), saying that contrary to certain recent erroneous media reports, it was merely updating the market on the contractual process to... 

Eskom’s excess generation capacity builds as Kusile Unit 1 ties-in to national grid 

By: Henry Lazenby     28th December 2016 South Africa’s electricity utility Eskom has connected the first power-generating unit of the new Kusile coal-fired power station, in Mpumalanga; reaching the milestone ahead of schedule and adding 800 MW to further stabilise the energy grid. In a statement Tuesday, Eskom said it is making... 

AB InBev, Coca-Cola reach $3.15bn deal

By: Megan van Wyngaardt     21st December 2016 Beverages giant The Coca-Cola Company and triple-listed brewery Anheuser-Busch InBev (AB InBev) have reached an agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion. CCBA includes South Africa, Namibia, Kenya, Uganda, Tanzania,... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

Paladin holds a fire sale

By: Esmarie Swanepoel     15th December 2016 Uranium miner Paladin Energy has divested of a number of its non-core Australian exploration assets to Uranium Africa for A$2.5-million. The assets included the Oobagooma and Angela/Pamela projects, in Western Australia and the Northern Territory respectively, as well as Paladin’s interest in... 

Bushveld Minerals invests in Namibian tin mine

By: Megan van Wyngaardt     13th December 2016 Aim-listed Bushveld Minerals plans to acquire, through its Greenhills Resources subsidiary, an interest in the Uis tin project, in Namibia. Greenhills will acquire a 49% interest in Dawnmin Africa Investments, which holds 85% of the Uis project, from a consortium of Namibian shareholders,... 

Uranium mining will provide major growth in Namibia

By: Anine Kilian     12th December 2016 Economic growth in Namibia is expected to pick up substantially in 2017 as the Husab uranium mine starts production, making Namibia one of the world's largest uranium producers. Research analysis group BMI noted in a statement published on Monday that while the Namibian economy will see a... 

Water essential for socioeconomic growth – Mokonyane

By: Anine Kilian     9th December 2016 Addressing a delegation at an Orange-Senqu River Basin Commission (Orasecom) meeting in Kempton Park, Gauteng, on Friday, Water and Sanitation Minister Nomvulo Mokonyane highlighted the need for access to water as a serious challenge facing South Africa, as water security is necessary and... 

Zambia eyes energy diversification, reviews South Africa's progress

By: Natasha Odendaal     9th December 2016 Zambia has started reviewing its options to reverse the country's current energy constraints and diversify its own energy mix, leaving no viable potential initiatives off the table as it seeks to become a "power trader". The mostly hydropowered Southern African country is currently battling... 

Windhoek goes hi tech in bid to be Africa’s safest

By: African News Agency      9th December 2016 Radwin, the global broadband wireless provider, on Thursday said it had installed a state-of-the-art wireless video surveillance network for the Windhoek Police Department as part of Namibia’s vision to be the safest African country by 2020. Radwin’s point-to-multipoint and point-to-point systems... 

Prioritizing renewable energy and energy efficiency to accelerate growth in Africa

     7th December 2016 ABB supported a number of pledges signed by world leaders at COP21 in Paris, including a commitment to scale up renewable energy and help emerging economies transition their markets for energy efficient products. At COP22, ABB showed how this commitment translates into solutions and services that... 

Aveng wins Gamsberg zinc mining contract

By: Martin Creamer     6th December 2016 A contract to establish and mine the Gamsberg opencast zinc operation has been awarded to Aveng Moolmans by Black Mountain Mining, a Vedanta Zinc International operation. Vedanta acquired zinc assets including Gamsberg from Anglo American in 2010 for $1 338-million. 

Rare Earth Minerals acquires 7.7% stake in Auroch

By: Anine Kilian     2nd December 2016 London- and New York-listed Rare Earth Minerals (REM) has subscribed for 6.5-million new shares in ASX-listed Auroch Minerals through a A$650 000 share subscription, giving it a 7.7% interest in Auroch. “REM continues to deploy its expertise in identifying value investments in highly prospective... 

Botswana, Namibia expand scope of Trans-Kalahari railway project

By: African News Agency      2nd December 2016 The government of Botswana and Namibia have expanded the scope of the Trans-Kalahari Railway Line project from being a dedicated coal export route to a multisectoral project designed to unlock the potential of other economic sectors along the corridor. Addressing parliament in Gaborone on... 

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... 

Paladin in talks with lenders as debt repayment deadline looms and mine sale is delayed

By: Esmarie Swanepoel     1st December 2016 Uranium miner Paladin Energy has initiated discussions with key stakeholders, including certain of its convertible bond holders, regarding its upcoming debt repayments as the planned sale of a stake in its mine in Namibia has been delayed. The miner has to repay $212-million at the end of April. 

Namibia Rare Earths files mining licence application for Lofdal

By: Henry Lazenby     30th November 2016 Heavy rare earth elements project developer Namibia Rare Earths has filed an application with the Namibian Mines and Energy Ministry for a mining licence for its Lofdal project, the company reported Wednesday. Since releasing its preliminary economic assessment (PEA) in November 2014, the company... 

Rocla Initiative And Quality Sourced During 2016

     29th November 2016 Public sector infrastructure spend in South Africa is budgeted at approximately R865.4 billion over the next three years, with much of it focused on infrastructure for schools, healthcare facilities, roads and  transport developments or upgrades,  energy, water and sanitation provisions. Rocla,... 

Zimbabwe to implement key regional power inter-connector project in 2018

By: African News Agency      28th November 2016 The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) said it would start working on its component of the regional Zimbabwe-Zambian-Botswana-Namibia (Zizabona) electricity inter-connector project early in 2018. The announcement came shortly after the country received a... 

Agribusiness to face several challenges in the new year – Agbiz

By: Anine Kilian     25th November 2016 The South African agribusiness environment will be faced with various challenges in 2017, especially in terms of engaging with key land reform legislation, according to Agricultural Business Chamber (Agbiz) CEO Dr John Purchase, who delivered an agricultural industry forecast for 2017 on Friday.... 

Public transport development driven by lowest cost, not value, says ITSSA

By: Irma Venter     24th November 2016 South Africa’s transport procurement system is often driven by cost, rather than value, says Intelligent Transport Society of South Africa (ITSSA) CEO Dr Paul Vorster. “We tend to look for the lowest-cost supplier of services and equipment and not always the best value. The problem with this is... 

The State of Energy in Africa

     23rd November 2016 Africa: a continent of vast natural resources is a continent woefully short of electricity. According to Mckinsey Global Institute's February 2015 report "Brighter Africa The growth potential of the Sub-Saharan electricity sector", access to electricity and the ability to consume electricity are... 

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%... 

Fibre-to-the-home rolled out in Namibian estate

By: Megan van Wyngaardt     22nd November 2016 Pan-African telecommunications operator Paratus Telecoms has connected residents in the Finkenstein estate, east of Windhoek, with fibre-to-the-home (FTTH) – a first in Namibia.   The developers of Finkenstein Manor and Finkenstein Village have partnered with Paratus Telecom to create the... 

DPI Plastics awarded SATAS certification

     18th November 2016 DPI Plastics, a leading manufacturer of PVC and HDPE water reticulation and drainage pipe and fitting systems, has received certification for some of its products from the South African Technical Auditing Service. SATAS is a regulatory body, accredited by South African National Accreditation... 

Dis-Chem lists on JSE

By: Anine Kilian     18th November 2016 Pharmaceutical retailer Dis-Chem on Friday listed in the Food and Drug Retailers sector of the JSE’s main board, with shares opening at R23.26 apiece before declining to R20.70 apiece. It is the second-largest initial public offering on the bourse this year after food services business Bidcorp. 

Perfectly positioned in PE: New Renttech SA sales outlet offers customers greater convenience and service levels

     16th November 2016 Renttech South Africa, a leader in the sales and rental of top quality welding, lifting, rigging and construction equipment, has moved its Port Elizabeth branch into a new, spacious, state-of-the-art sales outlet. The move is in line with Renttech South Africa's strategy of expanding and... 

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