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Fitch downgrades Mozambique amid hidden debt concerns

By: Anine Kilian     Updated 4 hours ago Ratings agency Fitch Ratings has downgraded Mozambique's long-term foreign and local currency Issuer Default Ratings to CC from CCC, it said in a statement on Tuesday. The disclosure of hidden public debt revealed significant short-term repayment obligations, which could precipitate a near-term... 

IDC met with Atul Gupta, but never at Saxonwold – CEO

By: News24Wire      Updated 5 hours ago Industrial Development Corporation (IDC) officials met with Atul Gupta and members of his business ahead of providing financial assistance to Oakbay Resources & Energy, it was revealed on Tuesday. IDC CEO Geoffrey Qhena confirmed the meetings took place in a written reply provided by Economic... 

DA intensifies its campaign with mobile messaging

By: Sane Dhlamini     Updated 5 hours ago Opposition party the Democratic Alliance (DA) has announced the use of mobile messaging in during its election campaign to interact with voters and campaigners and to secure its IT infrastructure with one-time passwords (OTPs) using mobile messaging and push notifications. The DA has secured the... 

Zuma signs law to appease provident fund members

By: News24Wire      24th May 2016 President Jacob Zuma has signed the Revenue Laws Amendment Act into law to postpone annuitisation for provident funds, the National Treasury said on Tuesday. The new act affects provident fund members only, by delaying both the requirement for them to purchase an annuity at retirement and the... 

DTI moving to iron out local-content frustrations around Transnet contracts

By: Terence Creamer     24th May 2016 The Department of Trade and Industry (DTI) has confirmed that it is “concerned” about whether all four of the original equipment manufacturers (OEMs) that have been awarded parts of a R50-billion contract to supply 1 064 electricity and diesel locomotives to Transnet will meet the minimum... 

First permanent infrastructure being built at new DRC tin mine

By: Martin Creamer     23rd May 2016 The first permanent mining infrastructure is being built at the proposed new tin mine at Bisie, in the Democratic Republic of Congo (DRC), for which $130-million is being raised. Alphamin Resources CEO Boris Kamstra said the return airway drive being built would be used to acclimatise mining... 

Afrisam Invests In The Economic Development Of Lesotho And Its People

     23rd May 2016 As the leading supplier of concrete materials in southern Africa, AfriSam has been supplying the Lesotho nation with superior quality cement for over half a century. The company established a physical presence in Lesotho when it opened its distribution centre in Maseru in 1999.  This year AfriSam... 

Smart technology in your home

     20th May 2016 The age of fast-evolving technology has many buyers, especially millennials, demanding state-of-the-art technologies in their homes. So where does that leave the cash-strapped property owner who wants to sell their home to the broadest possible market?   Many sellers believe that the addition of... 

About Bidvest Faclities Management

     20th May 2016 Bidvest Facilities Management, a wholly-owned subsidiary of the JSE-listed Bidvest group, is one of the premier Facilities Management solutions companies in southern Africa, providing a wide range customised and end-to-end integrated facilities management services to the industrial, engineering,... 

Alternative fundraising model seen flourishing but regulatory issues could stifle uptake in South Africa

By: Mia Breytenbach     20th May 2016 The mining industry is facing increasing risk aversion from equity and debt investors, owing to testing circumstances in the depressed global market, particularly with regard to falling commodity prices, slower economic growth in China and reduced mining production. Owing to traditional funding... 

ARV project’s third attempt to supply affordable medicine

     20th May 2016 Government driven initiative the Ketlaphela project, which is aimed at establishing a fully backward integrated pharmaceutical company that bridges the gap between research and development capabilities in South Africa, is going through its third attempt at being implemented. 

Funding for South African pharmaceuticals research increasing

     20th May 2016 Pharmaceutical company AstraZeneca through its research trust has awarded seven South Africans grants totalling R1.5-million for the 2015/2016 year. This increases the total number of research grants conferred locally by the trust to 18 since its inception in 2014. 

Quantity surveyors can minimise inflated construction costs  

By: Nadine James     20th May 2016 Voluntary quantity surveying organisation the Association of South African Quantity Surveyors (ASAQS) executive director Larry Feinberg would like the South African government and construction stakeholders to recognise the value of employing reputable quantity surveyors to alleviate corruption... 

Fortinet and Nozomi Networks Secure Industrial Control Systems Through Joint Partnership

     19th May 2016 Collaboration Brings Sophisticated Security Solutions to Critical Infrastructure Operators as Frequency of Cyber attacks Increases   “The cybercrime world is expanding with each passing day and has led to a growing threat for global critical infrastructure systems. The convergence of IT and... 

South Africa faces potential 1.1bn cubic metre water deficit by 2035 – WRC 

By: Kim Cloete     19th May 2016 South Africa may be heading for a large water deficit of as much as 1.1-billion cubic metres by 2035, warns Water Research Commission (WRC) CEO Dhesigen Naidoo. The country would require an estimated two-billion cubic metres of water by 2035, but this may not be enough, he told delegates at the... 

New generation of BMS delivers knowledge and control

     19th May 2016 Today, building owners and facility managers are using Building Management Systems in ways that could only be dreamed of in the past, and the demand for the technology is poised for growth. In fact, the global commercial BMS market is predicted to double between 2013 and 2021, according to a... 

Water, energy sectors need to collaborate more – World Bank

By: Kim Cloete     18th May 2016 The interplay between water and energy is more critical than ever, with climate change forcing people to work together, according to World Bank energy and extractives global practive director Charles Feinstein. “You can’t tackle energy problems without being sensitive to water demands. Global... 

Demand for Land Bank drought-relief loans surging

By: Anine Kilian     18th May 2016 Demand for State-owned land and agricultural financial services provider Land Bank’s recently announced drought relief concessional loans is surging as South Africa’s record-breaking drought conditions continue to cause widespread devastation to agricultural crops and livestock. The bank stated... 

Fortinet Expands Security Fabric and Defends Enterprise Access Networks from IoT to the Cloud

     18th May 2016 Fortinet® , the global leader in high-performance cybersecurity solutions, today announced significant additions to their Secure Access Architecture of wired and wireless networking solutions, merging advanced security with enterprise access layers to provide seamless protections from IoT... 

Queensland petroleum exploration activity in decline

By: Creamer Media Reporter      18th May 2016 Queensland has suffered a severe decline in petroleum exploration over the past five years, with the state leading a national decline in both onshore and offshore exploration activity, the Australian Petroleum Production and Exploration Association (Appea) reported on Wednesday. Appea director... 

Africa connecting to global growth with Eseye’s AnyNet Gold SIM

     18th May 2016 The Internet of Things (IoT) has dramatically shifted business models and disrupted numerous markets, but in terms of global connectivity management solutions, it has fallen short. Enterprises across Africa are currently being held back due to poor coverage, network outages and industry... 

Court appoints special liquidators to investigate Queensland Nickel

By: Mariaan Webb     18th May 2016 The Federal Court on Wednesday appointed special purpose liquidators to investigate transactions related to mining magnate and politician Clive Palmer’s Queensland Nickel, granting an application by the federal government. Queensland Nickel administrator FTI Consulting said it would work closely... 

Western Cape launches climate change action plan 

By: Anine Kilian     17th May 2016 The Western Cape government on Tuesday launched a comprehensive climate change response strategy called Smart Agri, which aims to to combat the impact of extreme weather events on the province’s agriculture sector. Smart Agri was unveiled by provincial Economic Opportunities Minister Alan Winde... 

Vergnet Confirms Strategic Repositioning as Global Renewable Energy Solutions Provider

     17th May 2016 Vergnet, a leading renewable energy company specialising in wind, solar and hybrid energy solutions, today confirmed its strategic repositioning as a renewable energy solutions provider, reflecting the company’s global reach and approach. The corporate positioning reflects Vergnet’s approach in... 

UN expert urges African utilities to improve policies, pricing

By: Kim Cloete     17th May 2016 African power utilities have been urged to adopt good policies and pricing and be at the forefront of change or risk being left behind. “Africa contributes less than 3% of manufacturing globally. That is unacceptable. Our population will be 1.4-billion by 2030 and two-billion by 2050. We need to... 

Waspa's Tips For Protecting Mobile Device Integrity

     17th May 2016 Online security is very topical with much advice dispensed regarding when not to click on fraudulent links, and how to identify imposter websites, for example. However, what of actual mobile device security? In line with its consumer protection mandate, the Wireless Application Service Providers'... 

Riverbed Helps Energy Company Engen Centralize Remote and Branch Office IT and Accelerate Application Performance

     17th May 2016 Riverbed Technology, the application performance company, announced that global energy company Engen is using Riverbed solutions to centralize Remote and Branch Office IT, and improve productivity, back-up and data security across its multi-national organization. Riverbed® SteelFusion™ has... 

Ramatlhodi's office received ex-DGs letter on State capture

By: News24Wire      16th May 2016 Public Service and Administration Minister Ngoako Ramatlhodi's office has confirmed that it received a letter purporting to be drafted by former directors general calling for an inquiry into the allegations of state capture by the politically connected Gupta family. Ramatlhodi's special advisor... 

A Security Fabric to Solve CISOs' Top 5 Worries

     16th May 2016 In my role, I meet many chief information security officers from around the world. You would think that hailing from such diverse environments, their concerns would be very different. In reality, however, they do not stray very far from the five issues outlined below:   Cloud Application Security... 

Workers at BHP Billiton's Spence mine in Chile go on 24-hour strike

By: Reuters     13th May 2016 Workers at BHP Billiton's Spence mine in northern Chile have entered a 24-hour strike, a union representative said on Friday, citing slow progress in labor talks. The action follows another one-day protest at Spence starting on May 3, in which the union also cited slow progress in ongoing... 

ACSA unveils Kimberley Airport solar power plant

By: Anine Kilian     13th May 2016 Airports Company South Africa (ACSA) on Friday launched a R13.5-million solar power plant at Kimberley Airport as part of ACSA’s broader plan to install solar farms at all six of its regional airports. Construction of the Kimberley Airport plant got under way in September last year and was... 

Why network segmentation reduces risk

     13th May 2016 Organisations need to move back to the days of segmented networks, with the addition of advanced ASIC powered internal segmentation firewalls, to gain full visibility of network traffic and combat growing threats inside their networks, says Fortinet. The risks inside a corporate network are... 

New nuclear project financing discussed at conference in France

By: Keith Campbell     13th May 2016 Organisation for Economic Cooperation and Development (OECD) secretary-general Angel Gurría has called for a level playing field for all low-carbon electricity generating technologies in energy markets. He was delivering the opening address at an international conference in Paris on Wednesday, on... 

Illegal connections, cable theft pose threat to zero harm mandate

By: Sascha Solomons     13th May 2016 The increase in the number of informal settlements in the Western Cape has led to an increase in  unsafe electricity connections. This plus the ability of higher income areas to pay electricians to by-pass Eskom meters,  impinges on State-owned power utility Eskom’s zero harm initiative. “The... 

Power utility opts to use renewable energy source

By: Sascha Solomons     13th May 2016 Solar system specialists and engineering design company ZRW Mechanika completed the installation of a 50 kW hybrid solar photovoltaic (PV) power plant at Wilgers education and community centre near the Kusile power plant in Witbank, Mpumalanga, in January 2016. ZRW Mechanika was awarded the... 

SA Express grounding shows regulator, industry can resolve problems fast

By: Keith Campbell     13th May 2016 The Airlines Association of Southern Africa (AASA) believes that the swift resolution of the issues that led to the temporary grounding of South African State-owned regional airline SA Express shows that the industry and the aviation regulator can work swiftly and effectively together to deal... 

Technology firms deploy digital solutions to combat rhino poaching

By: Schalk Burger     13th May 2016 South Africa-based information and communication technology firm Dimension Data and networking multinational Cisco have installed secure intelligent networks and analytical systems at a game reserve to combat rhino poaching. The first phase, conducted in close consultation with game rangers,... 

Water taken from Sterkfontein still not replaced – Muller 

By: Martin Creamer     12th May 2016 Water extracted from the Sterkfontein dam had still not been replaced, six months after officials promised that it would be, Wits School of Governance visiting adjunct professor Mike Muller has pointed out. Speaking at this week’s South African Institution of Civil Engineering Civilution... 

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