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Paragon sponsors UJ’s Graduate School of Architecture

     17th November 2017 The main sponsor of the Summer Show 2017 at the University of Johannesburg’s (UJ’s) Graduate School of Architecture (GSA) in November is leading architecture, interior design, and space-planning practice Paragon of Sandton, Johannesburg. Paragon has a long association with UJ’s Graduate School of... 

Third biennial food and drink exhibition to be held in 2018

By: Simone Liedtke     17th November 2017 Conceptualised as a “for Africa by Africa” event, exhibition company Messe München South Africa (SA) will host the third biennial food and drink technology Africa (fdt Africa) exhibition from September 4 to 6 at the Gallagher Convention Centre in Johannesburg, South Africa, next year. 

Outlook for vehicle market hinges on political landscape – bank

By: Irma Venter     17th November 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

Financing secured for solar projects in Egypt

By: Nadine James     17th November 2017 European photovoltaic (PV) specialist Scatec Solar announced that it had secured financing of $335-million to fund its portion of the development of six 400 MW utility scale PV power plants which will be located in the Benban solar park in the City of Aswan in Egypt. The company secured funding... 

Nigeria, Russia sign nuclear agreements

By: Keith Campbell     10th November 2017 Nigeria has signed agreements with Russia covering the construction and operation of a nuclear power plant (NPP) and a nuclear research reactor and associated research facilities, Russia’s State-owned nuclear group Rosatom has announced. The two countries also signed a cooperation roadmap... 

Uber reaches almost 1-million users in South Africa

By: Irma Venter     9th November 2017 The longest Uber trip on record in sub-Saharan Africa happened in South Africa this year – 3 190 km from Cape Town to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

The new age of digitalisation and the impact on the African energy sector

     9th November 2017 The role of digitalisation within the African energy sector is growing rapidly and will result in demand for innovation, adaptation to new market technologies as well as the development of a new skill set within companies.African countries can add a value of R4 trillion ($300billion) to the... 

Stefanutti Stocks sees 18% profit growth, expects margin squeeze to continue

By: Irma Venter     9th November 2017 Despite challenging trading conditions, Stefanutti Stocks on Thursday reported an 18% increase in operating profit, to R119-million, for the six months ended August  31. Revenue for the period also grew 18%, to R5.2-billion, up from R4.4-billion in the comparable period last year. 

Mining Weekly Print Magazine 

By: Creamer Media Reporter      9th November 2017 Mining Weekly is a weekly print magazine that is published each Friday. It’s read by over fifty thousand people every week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Engineering News Print Magazine 

By: Creamer Media Reporter      9th November 2017 Engineering News is a weekly print magazine that’s published every Friday. It’s read by over fifty thousand people each week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Nigeria's Senate approves report exonerating MTN Nigeria over fund transfers

By: Reuters     8th November 2017 Nigeria's Senate approved on Wednesday a report largely exonerating South African telecoms company MTN Group Ltd's Nigerian unit, after the business was accused of illegally repatriating $14 billion to its parent. But the Senate report also asked Nigeria's central bank to sanction Stanbic IBTC... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Uber bullish on Africa despite opposition from local taxi firms

By: Reuters     7th November 2017 Ride-hailing service Uber Technologies is growing rapidly in sub-Saharan Africa and considering moves into more markets, despite sometimes violent opposition from metered taxi drivers, a senior executive said on Tuesday. Uber's service has triggered protests by rivals from London to New Delhi as... 

Turkish electronics, electrical trade mission to meet SA importers

     6th November 2017 Following renewed Turkish-South African commitments to boost bilateral trade, a Turkish electronics and electrical goods trade mission will travel to South Africa in November for meetings with local buyers and distributors.  

Converting From Steel To Aluminium Beverage Cans Bears Fruit For Sa’s Metals Packaging And Recycling Industries

     6th November 2017 Since 2013, more than $94-million (ZAR1.258 billion) in capital investments have been made by industry heavyweights such as ABInbev, Coca-Cola Southern Africa, Nampak Bevcan and Hulamin to convert the beverage can industry from steel to aluminium.  Not only did this step bring the region in line... 

Niger Delta Avengers group says ends ceasefire in Nigeria oil hub – website

By: Reuters     3rd November 2017 Nigerian militant group Niger Delta Avengers said on Friday its ceasefire on attacks in the country's southern oil-rich region was at an end. "We can assure you that every oil installation in our region will feel the warmth of the wrath of the Niger Delta Avengers," the group said in a statement... 

Urban solutions to Africa’s problems

     3rd November 2017 ‘Better city, better life’ is the United Nations' (UN's) World Cities Day, which falls on October 31 each year. This year’s theme, ‘innovative governance, open cities’, referenced the idea that urbanisation has immense potential to improve people’s lives. Given the UN’s focus on using the... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Global oil exploration dips to 60-year low

By: Natasha Odendaal     1st November 2017 With exploration activity waning, global oil and gas exploration has reached an historic low, according to the latest PwC Africa oil and gas review 2017, which highlights just three new major discoveries in Africa during 2016 and the first half of 2017, compared with 11 in 2015. In 2016, there... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

IMF says rising debt, political risk dim sub-Saharan Africa's economic outlook

By: Reuters     30th October 2017 Economic growth is expected to rise to 3.4% in sub-Saharan Africa next year from 2.6% in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South Africa are the biggest economies in Africa south... 

Steady demand for customisable stainless steel products

By: Robyn Wilkinson     27th October 2017 Owing to its strong reputation for customisable turnkey solutions, there is steady and strong demand for stainless steel processing equipment manufacturer Anderson Engineering’s products throughout the African markets that it serves, says Anderson Engineering deputy MD David Nienaber. 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

Nigeria's gasoline price cap hurting industry, costing economy

By: Reuters     26th October 2017 Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates at the OTL Expo in Lagos said on Wednesday. Gasoline is a highly charged subject in Nigeria, Africa's largest oil exporter. President... 

US to strengthen energy partnerships in Africa, says US Energy Secretary

By: Kim Cloete     25th October 2017 US Energy Secretary Rick Perry says his government is committed to strengthening its energy partnerships with African countries, but has called for a clear and transparent regulatory environment. “There is no more important message that governing bodies can send to both the US government and the... 

ASEAN – African manufacturers, tech firms to meet at Expo and Forum

     25th October 2017 Manufacturers and technology firms from across South-East Asia and Africa are set to converge in Johannesburg next month for the first Africa-ASEAN Business Expo (AABE) and Forum. 

West African leaders plan shared currency by 2020

By: Reuters     25th October 2017 A group of four West African presidents said on Tuesday they planned steps to accelerate the creation of a shared currency for the 15-country Ecowas bloc by 2020, according to a joint statement. The future currency, whose name is yet to be determined, would replace the dominant CFA Franc... 

MTN impacted by exchange rates in Q3

By: Natasha Odendaal     24th October 2017 Mobile operator MTN’s financial performance in the quarter ended September 30 ,has been negatively impacted on by exchange rate movements. The JSE-listed firm on Tuesday posted a 13.4% decline in total revenue and 14% decrease in group service revenue for the three months. 

Nigeria oil minister says prices encouraging, Opec not ruling out more cuts

By: Reuters     24th October 2017 Nigeria is targeting oil production of 1.8-million barrels per day by early next year but that will be the ceiling to comply with Opec targets its oil minister said in Tuesday. Emmanuel Ibe Kachikwu also told reporters at an oil conference in Cape Town that oil prices were encouraging but Opec,... 

Nigeria's new 650 000 bbl/d Dangote refinery seen online end 2019

By: Reuters     24th October 2017 A new 650 000 bbl/d refinery being built by Africa's richest man in Nigeria is expected to come onstream by the end of 2019, Nigeria's Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu said on Tuesday. Kachikwu said Africa's biggest economy was also close to finalising the process... 

Politics muddying new-vehicle market forecasts

By: Irma Venter     24th October 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

Lafarge Africa seeks approval to launch 132bn naira rights issue

By: Reuters     23rd October 2017 Cement maker Lafarge Africa is expecting regulatory approval from Nigerian authorities for a 131.65-billion naira ($431.43-million) rights issue as it focuses on Nigeria for growth and expands into Ghana, its chief financial officer said on Friday. As part of its plan to refinance its debt, the... 

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Clarifying sustainability reporting imperative for modern business

By: Robyn Wilkinson     20th October 2017 A clear and shared sustainability reporting framework is integral for enabling companies to demonstrate a positive impact on not only the economies but also the societies and environments in which they operate, says independent international organisation Global Reporting Initiative (GRI) CE Tim... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

New business model drives group’s resurgence in Africa

By: Robyn Wilkinson     20th October 2017 Economic growth in Africa is ensuring a steady demand for infrastructure development and by tailoring its business model to access this demand, engineering services provider ELB Group has enhanced its activities on the continent and announced a return to profitability. 

Mambilla hydroelectric power plant, Nigeria

By: Sheila Barradas     20th October 2017 Nigeria's Federal Executive Council has approved the construction of the project. 

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