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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... 

Local air travel maintains positive growth trajectory year-on-year

By: Samantha Herbst     15th November 2016 Air passenger numbers climbed steady year-on-year in the third quarter of 2016, according to Airports Company South Africa’s (ACSA’s) latest Aviation Barometer for the three months to September 30. ACSA recorded a 4.4% year-on-year increase in total arrivals and departures, compared with the... 

Namibian diamond exploration vessel to embark on two-week sea trial

By: Anine Kilian     14th November 2016 Namibia diamond exploration and sampling mining vessel, the SS Nujoma, will leave the Port of Cape Town on Tuesday, embarking on a two-week period of sea trials. The mining vessel has been in the Port of Cape Town since arriving from Norway in August, where it was being outfitted with the... 

South Africa falls behind in new mine development

By: Natasha Odendaal     11th November 2016 South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of sufficient exploration investment to seek out new orebodies. South Africa is not investing in its geological potential as much as it should be and... 

After flash floods, Premier prepares to declare parts of Gauteng disaster areas

By: African News Agency      11th November 2016 Gauteng Premier David Makhura said on Friday he intended to declare some parts of Gauteng disaster areas following this week’s fierce flash floods in the province. “We are taking the necessary steps to declare a disaster so that we can tap into all available resources to assist those affected by... 

Namibia mine sale delayed – Paladin Energy

By: Esmarie Swanepoel     11th November 2016 Uranium miner Paladin Energy has warned shareholders of a delay in the completion of the sale of a 24% interest in the Langer Heinrich mine, in Namibia, to a Chinese company. The dual-listed firm is selling a 24% interest in Langer Heinrich to CNNC Overseas Uranium Holdings and up to 75% of its... 

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... 

Pump and Abrasion Technologies® show expert capability in development of new curve™ pump.

     9th November 2016 With its newly launched CURVE™ range of slurry pumps, Pump and Abrasion Technologies® (PAT) have proven that they possess the know-how and the infrastructure to deliver first class slurry solutions and excellent service. This, says Managing Director Jaco Buitendag, is the first step towards their... 

Rocla Interlocking Joint Pipes Used At Musina Mall  

     8th November 2016 The Musina Mall, an extension of the Great North Plaza situated in Limpopo, looks to service cross-border trade as well as increase retail facilities to the local community through its current vast extension from 14 000 to 34 000 m2 . The R320 million mall which will be fully operational by April... 

Makhura leads delegation to Namibia International Investment Conference

By: Anine Kilian     7th November 2016 Gauteng Premier David Makhura is leading a provincial delegation comprising senior officials and businesspeople to the 2016 Namibia International Investment Conference, to be held in Windhoek on November 8 and 9.    Makhura will visit industrial parks, uranium mines and water reclamation plants... 

Custom-made hoses to be used by railway groups

     4th November 2016 Benoni-based automotive tyre and industrial rubber products producer Dunlop Industrial Products has a high penetration in the African continent where it supplies custom-made solutions, such as the design and supply of vacuum and air brake hoses for State-owned utility Transnet, Passenger Rail... 

Trade relations from afar

By: Riaan de Lange     4th November 2016 It took Julie Gold, in her own words, “on the one hand, two hours to write and, on the other hand, 30 years to write”, in 1986, the most famous of songs. The song was first recorded by Nanci Griffith for her 1987 album, Lone Star State of Mind, but it only became a commercial success after Bette... 

SADC’s dependence on South Africa’s trade corridors slows

By: Natasha Odendaal     2nd November 2016 South Africa is at risk of being left behind as its neighbours ramp up port and corridor development and rapidly reduce their dependence on the Southern African powerhouse’s trade routes. With continued infrastructure-led growth, the changing dynamics in the Southern African Development Community... 

M&R to sell construction units to Southern Palace-led consortium for R314m

By: Terence Creamer     1st November 2016 Engineering and construction group Murray & Roberts (M&R) announced on Tuesday that it had entered into a R314-million agreement to sell eight of its infrastructure and building divisions to a black-empowered entity known as Firefly Investments, led by the Southern Palace Group. The transaction... 

Southern Palace Group-Led Consortium Acquires Murray & Roberts Infrastructure & Building Businesses

     1st November 2016 Murray & Roberts and Southern Palace Group today announced the purchase of the Murray & Roberts Southern African Infrastructure & Building (“I&B”) businesses, by a consortium led by the Southern Palace Group of Companies (Proprietary) Limited (“Southern Palace”).  The fully-funded purchase... 

The Company wishes to respond to recent comments and actions by the Confederation of Namibian Fishing Associations (“CNFA”)

     31st October 2016 The Honourable Minister of Fisheries and Marine Resources (“MFMR”) and certain other commentators which have been published recently in the Namibian press in relation to the award of the Environmental Clearance Certificate to Namibian Marine Phosphate (Pty) Limited (“NMP”) for the Sandpiper... 

Bannerman raises cash for Etango

By: Esmarie Swanepoel     28th October 2016 ASX-listed Bannerman Resources has raised A$4-million through a share placement to institutional and sophisticated investors to advance work at the Etango uranium project, in Namibia. Some 133.3-million shares, at a price of 3c each, were issued to raise the capital. 

Firm begins installing off-grid solar-charging stations in informal settlements

By: Mia Breytenbach     28th October 2016 Following the successful installation of its solar-powered charging station in the Mooiplaas informal settlement, in Centurion, renewable-energy supplier ePower Holdings are installing additional charging stations, with the latest stations to be installed in Shoshanguve, Gauteng, and in Zambia,... 

N7 upgrade enhances safety and set to facilitate traffic flow

By: Nadine James     28th October 2016 Civil engineering consultants SMEC South Africa  recently successfully completed the R400-million National Route 7 (N7) upgrade, which included the realignment and widening of the road to improve safety and enhance traffic flow. Completed in April, the reconstruction project was carried out on a... 

Rehabilitation of ‘overlooked’ Port Nolloth harbour under way

By: Dylan Slater     28th October 2016 State-owned logistics company Transnet National Ports Authority (TNPA) has commenced with a multimillion-rand port infrastructure rehabilitation project at the small domestic seaport of Port Nolloth, on the north-western coast of South Africa.  

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