R/€ = 17.42 Change: 0.09
R/$ = 15.57 Change: 0.15
Au 1217.28 $/oz Change: 9.47
Pt 974.50 $/oz Change: 5.50


Portfolio committee chair questions DTI’s exclusion from ‘steel committee’

By: Terence Creamer     24th June 2016 The Portfolio Committee on Trade and Industry has raised serious concern about the exclusion of the Department of Trade and Industry (DTI) as a direct participant in so-called ‘steel committee’ set up to monitor interventions made to shore up the domestic primary steel industry, which is under... 

Graphite mine seeking $5.9m for plant upgrades, mechanisation and exploration

By: Oscar Nkala     24th June 2016 Zimbabwe's sole graphite mine is seeking joint venture partners or capital lenders willing to $5.9-million to fund plant upgrades and the purchase of equipment to start underground mining, as well as exploration projects to increase the operation's resource base.   Lynx Graphite board member... 

Serious stresses remain at local level, but will they affect the elections?

By: Keith Campbell     24th June 2016 As is no doubt by now well known, the Institute for Security Studies recently reported that its violence monitoring project had identified 2 880 public protests in this country between 2013 and 2015, of which 53% had been violent. These protests are often, if not nearly always, described as... 

South Africa’s R&D spend falls short of Brics counterparts

By: Mia Breytenbach     24th June 2016 South Africa spends a relatively low proportion of its gross domestic product (GDP) on research and development (R&D), the National Advisory Council on Innovation (Naci) revealed in its yearly South African Science, Technology and Innovation (STI) Indicators report. “South Africa’s general... 

South Africa seen as attractive market amid surging global solar PV deployment

By: Terence Creamer     23rd June 2016 A new study assessing the future role of solar photovoltaics (PV) in the global electricity system suggests that the technology’s installed base could grow to between 1 760 GW and 2 500 GW by 2030 and identifies South Africa as among the most attractive markets for deployment. Solar PV capacity... 

WC Wine Company Returns From Russia With A Deal Worth Millions Of Rands

     23rd June 2016 The Investment and Trade Initiatives to Moscow, Russia organised by the Department of Trade and Industry (the dti) has produced fruitful results for Stellenbosch Koopmanskloof Wines and promising leads for several others. The ITI was led by the Deputy Minister of Trade and Industry, Mr Mzwandile... 

Russia’s Gazprom and Indian E&P majors seek greater oil and gas collaboration

By: Ajoy K Das     22nd June 2016 Close on heels of India’s ONGC Videsh picking up a $1.26-billion stake in Rosneft’s Vankor oil fields, Indian oil exploration and production (E&P) majors and Russia’s Gazprom were seeking to extend collaborations beyond trading in oil and gas to exploration and production projects. 

South Africa’s stands at 49/70 in 2016 Global Country RepTrak® Study

     22nd June 2016 Brand South Africa, today joined Reputation House and the Wits Business School in announcing the results of the 2016 Global Country RepTrak® Study.  South Africa stands at 49 of 70 countries assessed in the study scoring highly on the beauty of the country and the warmth and friendliness of the... 

Global steel production falls 0.1% y/y in May

By: Anine Kilian     21st June 2016 Global steel production, as reported by the 66 member countries to the World Steel Association (worldsteel) fell by 0.1% year-on-year to 139-million tonnes in May. China produced 70.5-million tonnes of steel in May, a 1.8% increase compared with that produced in May 2015. 

'Brics bank' says to issue bonds in members' local currencies

By: Reuters     21st June 2016 he New Development Bank (NDB), an infrastructure-focused lender established by the Brics emerging economies, plans to issue debt in the local currencies of its five member countries, the bank's president said. Known as the Brics bank, the NDB is seen by its members as an alternative to the World... 

All set for new performance levels – Mill revamp in record time

     20th June 2016 Comprehensive revamp of PAO Severstal’s tandem mill by SMS group increases quality and capacity SMS group ( successfully commissioned rolling mill “2100” of Russian steel producer PAO Severstal after a comprehensive mill modernization. 

Creamer Media publishes Energy Roundup for June 2016 research report

     20th June 2016 The June 2016 roundup covers activities across South Africa for May 2016 and includes details of Russia’s State nuclear agency’s plans to sign cooperation agreements with Kenya, Uganda and Zambia to lay the groundwork for an expanded presence in sub-Saharan Africa; the Department of Energy’s... 

Piping fabricators assist in Sasol projects

By: Nadine James     17th June 2016 Pressure vessels and piping fabrication specialists and construction fabrication consortium Hydra Arc Group, is one of the subcontractors assisting with the construction of an air separation unit for energy and chemicals company Sasol. The project’s main contractor, multinational gas and services... 

Power of Serbia trunkline project, Russia

By: Sheila Barradas     17th June 2016 The project will transport gas from the Yakutia and Irkutsk gas production centres to domestic consumers in the Russia Far East and to China. 

TurkStream project, Russia and Turkey

By: Sheila Barradas     17th June 2016 TurkStream will connect the large gas reserves in Russia to the Turkish gas transportation network to provide reliable energy supplies for Turkey and south-east Europe. 

Alrosa finds 241.21 ct whopper

By: Henry Lazenby     16th June 2016 The world’s largest diamond producer by volume, Russia’s Alrosa has recovered a 241.21 ct rough diamond from the Nyurbinskaya pipe. It is one of the largest rough diamonds recovered in the Russian Federation and the third largest among those found at the Nyurba mining and processing division, the... 

Diamonds are Putin’s best bet to entice wary investors to Russia

By: Bloomberg     15th June 2016 President Vladimir Putin is trying to woo foreign investors into the battered Russian economy by offering a chunk of the world’s biggest miner of diamonds. Russia needs cash to help fill a hole in its budget, the result of a collapse in revenue from plunging oil prices 

South Africa edges up a notch in competitiveness

By: Natasha Odendaal     10th June 2016 South Africa’s competiveness has inched back to its former ranking at number 52 in the Institute for Management Development’s (IMD’s) competitiveness index for 2016, recovering from its one-ranking slip to 53 in 2015. Presenting the IMD World Competitiveness Yearbook 2016 on Friday, Productivity... 

Amur gas processing plant project, Russia

By: Sheila Barradas     10th June 2016 The Amur gas processing plant is part of Gazprom’s project to supply Russian gas to China.  

Another multimillion-rand expansion at Coega IDZ

By: Dylan Slater     10th June 2016 State-owned company for the development of 11 500 ha of industrial land in Port Elizabeth, the Coega Development Corporation (CDC), last month announced a R22-million expansion project by agroprocessing company Dynamic Commodities to be developed in Zone 3 of the Coega industrial development zone... 

SA invited to join Russian-led physics project to study post-Big Bang matter

By: Keith Campbell     10th June 2016 Russia has invited South Africa to join Project Nica, which is a major scientific programme to build a superconducting particle collider. The name Nica is derived from the full title of the project: Nuclotron-based Ion Collider fAcility. Construction started in 2013 and the commissioning of the... 

Vladivostok liquefied natural gas project, Russia

By: Sheila Barradas     10th June 2016 The Unified Gas Supply System represents a unique engineering complex in European Russia and Western Siberia. 

TMK’s Seversky Tube Works orders from SMS group heat treatment line for tubes

     9th June 2016 TMK’s subsidiary Seversky Tube Works, located in Polevskoy, Russia, has placed an order with SMS group for a heat treatment line for tubes and pipes. The plant produces seamless and welded pipe and tube mainly for oil and gas. With the installation of this line, TMK - one of the... 

IEA's five-year view sees gas demand slowing, more spot pricing

By: Reuters     8th June 2016 Oversupply and slowing global demand is likely to weigh on natural gas prices and force pricing model changes on pipeline suppliers such as Russia's Gazprom over the next five years, the International Energy Agency (IEA) said on Wednesday. In its medium-term market report, the West's energy... 

Businesses must avoid a knee-jerk response to crisis events like a ratings downgrade, says Deloitte

     8th June 2016 A raft of weak economic factors and political uncertainty have created a “perfect storm” for the economy, but there are crucial steps businesses can take to limit the damage and ensure they can ride through the storm, says Rob Moody, Associate Director, Debt Advisory at Deloitte Capital. South... 

Serious questions being asked about composition of ‘fair’ steel price basket 

By: Terence Creamer     3rd June 2016 South African steel consumers are raising serious concerns about the composition of the steel-price basket being proposed by ArcelorMittal South Africa (AMSA) as a mechanism for regulating domestic flat-steel prices and are seeking urgent talks with government to air their anxieties ahead of any... 

South Africa may dodge credit rating cut on Friday but risks remain – analysts

By: Reuters     3rd June 2016 Standard & Poor's (S&P's) will probably not cut South Africa's credit rating into "junk" territory on Friday, analysts say, but it may warn that any signs of political upheaval undermining economic policy could trigger a downgrade later in the year. S&P's, which rates the sovereign debt of... 

Nord Stream 2 pipeline project, Russia

By: Sheila Barradas     3rd June 2016 Nord Stream 2 involves the construction of will about 1 200 km natural gas pipelines.  

Queensland LNG exports surpass that of Russia

By: Creamer Media Reporter      2nd June 2016 Australia’s liquefied natural gas (LNG) exports have increased by 53.2% quarter-on-quarter to 10.1-million tonnes in the three months ended March, as production from Queensland’s projects ramped up faster than expected. For the first time, Queensland’s LNG exports have surpassed that of Russia,... 

Alrosa doubles net profit on strong diamond sales

By: Reuters     31st May 2016 Russian diamond miner Alrosa , the world's largest producer of rough diamonds in carat terms, more than doubled its quarterly net profit on the back of strong sales, it said on Tuesday. Alrosa, with its key production assets located in the Yakutia region in Russia's Far East, posted a... 

Russia's Alrosa to hold US, UK investor meetings ahead of stake sale

By: Reuters     27th May 2016 Russian diamond miner Alrosa will hold investor meetings in the United States and the United Kingdom in June ahead of a stake sale, a Sberbank executive said on Friday. The Russian government aims to make more than 60-billion roubles ($909-million) from selling a 10.9% stake in Alrosa, with the... 

DTI hopeful of continental free trade area agreement conclusion in two years

By: Natasha Odendaal     27th May 2016 South Africa’s Department of Trade and Industry (DTI) is hopeful of concluding the continental free trade area agreement within two years to facilitate Africa-wide ease of trade among country peers. Speaking on the final day of the Southern African Metals and Engineering Indaba, held in Sandton,... 

SA’s relative economic decline undermines its diplomatic ambitions 

By: Keith Campbell     27th May 2016 The news, released earlier this month, that Egypt had become Africa’s second largest economy, pushing South Africa into third place, did not create all that much of a stir. There were two good reason for this. The huge shock had been to lose first place to Nigeria, back in 2014, whose economy was... 

WTI, Brent crude rises above $50 for first time this year

By: Henry Lazenby     26th May 2016 Hamstrung oil producers could on Thursday afford a brief sigh of relief as the prices of both West Texas Intermediate (WTI) and Brent crude rose briefly above the psychologically important $50/bl-mark in early trading. WTI hit a high of $50.21/bl around 08:00 Eastern Daylight Time, while Brent... 

S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns  

By: Terence Creamer     23rd May 2016 A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding on around 200 000... 

Global steel production down 0.5% y/y in April

By: Samantha Herbst     23rd May 2016 Despite clawing its way back in recent months from a brief slump in January and February, global crude steel production fell 0.5% year-on-year to 135-million tonnes in April, according to the World Steel Association’s (worldsteel’s) crude steel production report for April. South America was... 

Safcei prepared to go to ConCourt over ‘secret’ nuclear deal 

By: News24Wire      23rd May 2016 An environmental group locked in a legal battle with government over its nuclear procurement plans said on Monday that it is prepared to take the matter all the way to the Constitutional Court. Speaking after a fundraising breakfast to raise funds for the court battle, Southern African Faith... 

To regain FDI ranking, South Africa must ‘rebuild trust’ with investors 

By: Terence Creamer     20th May 2016 South Africa’s absence – for the second year running – from the top 25 countries listed in AT Kearney’s annual foreign direct investment (FDI) confidence index is suggestive of heightened investor concern about perceived political, policy and regulatory instability. Africa region head Wim... 

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