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IMF credit to Chad delayed over Glencore oil debt

By: Reuters     24th November 2017 Chad's stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said. The International Monetary Fund has said... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Zimbabwe had been ripe for a military coup for a long time

By: Martin Zhuwakinyu     24th November 2017 The past few weeks have been hectic for Zimbabwe, our northern neighbour. Matters came to a head early this month, when Emmerson Mnangagwa was sacked as President Robert Mugabe’s joint number two in both government and the ruling Zanu-PF party, ostensibly for “disloyalty, disrespect,... 

Company expands diesel supply to include buses

By: Tasneem Bulbulia     24th November 2017 Wholesale prices fuel supplier Next Grace Investments is providing a valuable diesel supply solutions for clients in the bus and truck industry. During the Gauteng Bus Indaba and Strategic Planning Workshop, held in September at the Nasrec Expo Centre, in Johannesburg, Next Grace Investments... 

Outdoor gym sites increase

By: Nica Schreuder     24th November 2017 With there being an increase in steel-constructed outdoor gym equipment nationally, Johannesburg-based outdoor gym equipment manufacturer Lani Service Centre has contacted self-lubricating bearings and bushes manufacturer Vesconite to provide hard-wearing, self-lubricating bushings for the... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

China tells Myanmar military it wants closer ties

By: Reuters     23rd November 2017 China wants closer ties with Myanmar’s military to help protect regional peace and security, a senior Chinese general told the visiting head of the southeast Asian country’s army. China and Myanmar have had close diplomatic and economic ties for years, including increasingly in the strategically... 

Torex sets El Limon Guajes record straight as rival unions clash

By: Henry Lazenby     22nd November 2017 Canadian gold producer Torex Gold Resources has issued a press release criticising a labour union and the media for spreading misinformation regarding an incident over the weekend where two people were killed near its El Limon Guajes (ELG) mine, in Mexico. The Toronto-based company said that an... 

New field kitchens ordered from Saab by SANDF

By: Keith Campbell     22nd November 2017 The South African National Defence Force (SANDF) has awarded a contract for mobile containerised kitchen systems to aerospace, defence and security group Saab. The contract will be executed by Saab at its facility in Centurion, just south of Pretoria. The value of the contract has not been... 

Nevsun loses bid to stop Canadian lawsuit over forced labour claims in Africa mine

By: Reuters     22nd November 2017 Nevsun Resources lost its bid to have a Canadian court throw out a lawsuit by Eritreans workers who say they were forced to work at its mine in East Africa, according to an appeals court judgment released on Tuesday. A lower Canadian court ruled last October that the lawsuit against Nevsun can... 

Land Bank a key driver in transforming agri sector in South Africa

By: African News Agency      22nd November 2017 South Africa’s State-owned financial institution the Land Bank has a number of key deliverables, but one of the most important is to help transform the sector by assisting emerging and smallholder farmers. The Land Bank is one of the key institutions at the Africa Agri Investment Indaba 2017... 

TransCanada’s Keystone XL pipeline clears key hurdle despite oil leak incident

By: Henry Lazenby     21st November 2017 Oil and gas pipelines operator TransCanada is reviewing a decision by the Nebraska Public Service Commission (PSC) approving an alternative route for the proposed Keystone XL (KXL) pipeline project through the state. "As a result of today's decision, we will conduct a careful review of the PSC’s... 

Oracle signs project funding MoU with Chinese SoEs

By: Mariaan Webb     21st November 2017 UK energy developer Oracle Power has signed a memorandum of understanding (MoU) with two Chinese State-owned enterprises for the funding of a $1.6-billion lignite coal mine and power station project in Pakistan. The MoU proposes that Sichuan Provincial Investment Group (SCIG) will be the majority... 

Bushveld Energy and Partners Deploy Eskom's First Vanadium Redox Flow Battery

     21st November 2017 Bushveld Minerals Limited , a mineral project development company with a portfolio of vanadium and coal assets in Southern Africa and an investment in tin, is pleased to announce that its 84%-owned energy subsidiary, Bushveld Energy Limited ("Bushveld Energy") has confirmed its first vanadium... 

International Sos Reveals Ipsos Mori Global Business Resilience Trends Watch Survey Results And Launches 2018 Travel Risk Ratings Map.

     20th November 2017 Travel Risk Map webinars are open to the public and you can register here. The top 3 reasons most organisations in Africa modified itineraries of their business travellers and assignees in the last year were: Security threats (63%), Country risk ratings (41%) and civil unrest (36%). 

Rail operational incidents reach 7yr low, but safety incidents increase

By: Dylan Slater     20th November 2017 Operational incidents related to South Africa’s railways decreased by 5% during 2016/17, reaching a seven-year low of 4 066 incidents, compared with 4 250 in the prior year.  

Indian oil firms shift focus to Israel from Iran amid changing geopolitics

By: Ajoy K Das     20th November 2017 Changing geopolitical alignments and receding investment prospects in Iran are prompting a consortium of Indian oil companies to push for domestic energy security through wider exploration and production projects in Israel and Latin American countries. With the $5-billion investment offer to... 

Table Mountain Group Aquifers could augment Cape Town’s water supply more permanently, says mayor De Lille

By: African News Agency      20th November 2017 The Table Mountain Group Aquifers (TMGA) have the potential to develop a large scale scheme to augment the City of Cape Town’s water supply on a more permanent basis, mayor Patricia de Lille said on Sunday. De Lille on Sunday visited the site of a pilot project for the abstraction of water from... 

Benin government requests MTN Benin CEO to leave the country

By: Natasha Odendaal     17th November 2017 The Benin government has ordered MTN Benin CEO Stephen Blewett to leave the country within seven days. Blewett, who has lived in the country since 2015, on Friday received official notification to exit the country by November 24 on the basis of his alleged engagement in “activities detrimental to... 

Climate change implementation now urgent – Molewa

By: Megan van Wyngaardt     17th November 2017 Environmental Affairs Minister Edna Molewa has called on all developed countries to urgently implement their pre-2020 pledges, including the provision of additional, new and predicable support to developing countries to reduce the effects of climate change. Speaking at the Bonn climate... 

City of Cape Town gearing up for battle to directly procure power from IPPs

By: Kim Cloete     17th November 2017 The City of Cape Town says it is prepared for a legal battle with the National Energy Regulator of South Africa (Nersa) in a bid to directly procure power from independent power producers (IPPs). This was the culmination of two years of trying to get permission, said City of Cape Town enterprise... 

We have a demand problem, Minister

By: Terence Creamer     17th November 2017 National Energy Regulator of South Africa and Eskom executives will naturally be relieved that hearings into the State-owned utility’s revenue application for 2018/19 have drawn to an end. However, it is somewhat of a pity that Energy Minister David Mahlobo did not have an opportunity to attend.... 

Organisations’ digital memory gets cloud boost

By: Schalk Burger     17th November 2017 The new multipurpose cloud archiving solution, launched by e-mail management multinational Mimecast, can be used to ensure effective archiving of the email communications and documents that function as a company’s “digital memory”, says Mimecast Sales Enablement Manager Nick Saunders. The... 

Beryl solar project, Australia

By: Sheila Barradas     17th November 2017 First Solar is building an 87 MW wind farm in New South Wales. 

Chubb to sell all its shares in South African business to empowerment consortium

By: Megan van Wyngaardt     16th November 2017 US-owned security company Chubb will sell 100% of its South African business to a black economic empowerment consortium led by Kilimanjaro Capital. The entity will then be rebranded. The move follows the passing of the Private Security Industry Regulation Amendment Bill, which proposes that... 

Eskom’s ‘business-as-usual’ tariff application comes under fire

By: Terence Creamer     16th November 2017 The “business as usual” stance adopted by Eskom in its application for a 19.9% increase in tariffs for 2018/19 came under sustained attack during the Gauteng leg of the National Energy Regulator of South Africa’s (Nersa’s) public hearings on Thursday. Eskom interim CEO Sean Maritz kicked off the... 

Study urges Eskom to accelerate station decommissioning, curtail Kusile to shore up solvency

By: Terence Creamer     15th November 2017 A new study argues that cash-strapped Eskom could make immediate costs savings of up to R17-billion and boost its liquidity, without undermining security of supply, by accelerating the decommissioning of three of its older coal-fired power stations and by halting construction of units 5 and 6 at... 

ORBCOMM promotes digitisation for container-ship supply chains

     15th November 2017 Advanced communications specialist ORBCOMM was a sponsor of the TOC Europe Conference in Amsterdam, participating in a session on how digitisation can optimise performance in the container ship supply chain sector. Technology to track containers, cargo, and transport assets on the move has been... 

AVeS, Veritas hold countrywide information governance roadshow

     15th November 2017 Information governance is essential to manage information risk proactively. This requires the systematic integration of people, process, and technology in order to identify and protect a company’s most critical information. To highlight this critical issue, AVeS Cyber Security arranged a... 

Economic instability ‘new normal’ in South Africa, can-do attitude persists amid crime wave

By: Megan van Wyngaardt     15th November 2017 Seventy-two per cent of business executives confirmed that turbulence in the local economy over the past six months has affected business operations and decisions, Grant Thornton’s International Business Report (IBR) for the third quarter shows. Referring to economic instability as the “new... 

Datatec puts disappointing first half behind it, looks forward to improvements

By: Megan van Wyngaardt     13th November 2017 Information and communications technology solutions and services provider Datatec on Monday said trading in the first half of its 2018 financial year had been disappointing, with the company reporting earnings before interest, taxes, depreciation and amortisation of $39-million for the six months... 

Integrated, automated security fabric to protect business devices and data

By: Schalk Burger     10th November 2017 The complexity of cyberattacks on businesses and the difficulty in proactively protecting dynamic and flexible networks, as well as the devices and data used in daily business processes, has increased the need for businesses to deploy integrated and automated security technologies. A consolidated... 

Organisation assists business in becoming energy efficient

By: Nica Schreuder     10th November 2017 Lack of energy supply security, economic costs associated with energy, and environmental costs, such as depleting resources, contributing to climate change are just some of the factors that can be mitigated if South Africa embraces energy efficiency and reliable renewable energy alternatives,... 

Local bearings company experiences growth in food production sector

     10th November 2017 Local bearings distributor Bearings International (BI) has experienced rapid growth in the food production industry. The company says food production security is important, especially given how harsh and dynamic an environment the South African agricultural industry operates in at present.... 

Platinum miner Lonmin adds more security due to protests around mines

By: Reuters     9th November 2017 South African-focused Lonmin said workers employed by its community shareholder Bapo Ba Mogale were protesting around the platinum miner's operations, leading to delays in production at two shafts. "We are experiencing minimal challenges as some buses to our E2 and E3 shafts are running later... 

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

Gascoyne hedges its bets

By: Esmarie Swanepoel     9th November 2017 Gold developer Gascoyne Resources has taken advantage of the strong Australian gold price, entering into a hedge agreement with the Commonwealth Bank of Australia. The company told shareholders on Thursday that some 82 000 oz of gold from the Dalgaranga gold project, in Western Australia, have... 

Johannesburg faces R17bn electricity infrastructure challenge

By: Megan van Wyngaardt     8th November 2017 The undoings of the previous administration has resulted in the City of Johannesburg requiring an investment of around R17-billion over the next ten years to upgrade its ageing electricity infrastructure. City of Johannesburg Mayor Herman Mashaba said his administration was facing serious... 

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