R/€ = 15.10 Change: 0.36
R/$ = 13.46 Change: 0.30
Au 1327.83 $/oz Change: -12.35
Pt 1026.00 $/oz Change: -16.00


App tracks phone use while driving, promises free coffee if you behave

By: Irma Venter     Updated 6 hours ago Three Japanese companies have joined forces to reward drivers for not using their phones while driving, making use of an innovative smartphone app. Auto maker Toyota Motor Corporation, coffee company Komeda, and telecommunications operator KDDI Corporation kicked off the initiative in September,... 

Fibertex South Africa, manufacturers and suppliers of a wide range of geosynthetic products

     27th September 2016 Fibertex South Africa, manufacturers and suppliers of a wide range of geosynthetic products, will be participating at the Institute of Waste Management’s (IWM) Wastecon 2016 conference to be held at Emperor’s Palace, Johannesburg, between 17 and 21 October. “On display this year will be the... 

Work under way to localise bimodal road-rail cargo technology

By: Terence Creamer     27th September 2016 A domestic homologation process has been initiated for an innovative American bimodal transport solution, which integrates long-distance rail with ‘first- and last-mile’ road legs to provide a door-to-door cargo service. The process began following the recent announcement that South African... 

Chevron’s Refinery in Milnerton celebrates its 50th anniversary with a Community Day celebration 

     26th September 2016 More than 800 guests marked the Milnerton Refinery’s 50th year with a guided ‘behind-the-scenes’ tour. Chevron South Africa, which markets its fuel under the Caltex brand in South Africa,   celebrated the 50th anniversary of its Cape Town Refinery, situated in Milnerton,by opening its doors to... 

Goscor Power Products rates Rato engines top notch!

     26th September 2016 Goscor Power Products (Pty) Ltd., a leading Southern African distributor of generators, engines and pumps, is proud to announce its recent appointment as the official distributor of the high quality Rato power product line up for the SADEC and East African regions. “In accordance with the... 

Food & drink technology Africa—the success continues

     23rd September 2016 Over 40 percent increase in participant numbers Leading networking and knowledge platform for the beverage and food industry in Africa 20 percent more exhibition space Food & drink technology Africa (fdt Africa) is continuing its success story. The most important sector event for the food and... 

ACSA starts with new strategy while reporting good results

By: Keith Campbell     23rd September 2016 Airports Company South Africa (ACSA) has started to implement elements of its new operational strategy, says chairperson Skhumbuzo Macozoma. "It's very important to have sound corporate governance in a company like ACSA," he said at a briefing on Friday. "I'm happy to announce we've finalised a... 

PRASA, Vodacom sign R1bn, 15-year fibre deal

By: Irma Venter     23rd September 2016  Vodacom has signed a 15-year deal with the Passenger Rail Agency of South Africa (PRASA), through its subsidiary Intersite Asset Investments, valued at more than R1-billion. Intersite is responsible for property and asset development within PRASA. It aims to raise additional revenue for the... 

Cash costs plunge below $700/oz at AngloGold’s Mponeng mine

By: David Oliveira     23rd September 2016 Mponeng gold mine, near Carletonville, in the North West, currently the world’s deepest mine, was one of the lowest-cost producers in South Africa during the first half of 2016, states South African gold mining major AngloGold Ashanti in its earnings report for the six months ended June 30,... 

Auto industry, unions conclude wage deal to 2019

By: Irma Venter     23rd September 2016 South Africa’s automotive manufacturing sector and the National Union of Metalworkers of South Africa (Numsa) have concluded their negotiations in Port Elizabeth for a new three-year wage agreement. The agreement will be in force until 2019. 

BMW, Nissan expand national charging footprint for electric vehicles

By: Irma Venter     23rd September 2016 BMW Group South Africa (BMW SA) and Nissan South Africa has expanded the national charging footprint for electric vehicles (EV) and plug-in electric hybrid vehicles (PHEV) with the introduction of their first joint charging stations in the Western Cape. The continued roll-out of charging... 

Digital broadcasting migration project, South Africa

By: Sheila Barradas     23rd September 2016 South Africa’s digital broadcast migration project has been delayed once again. 

Insight into SA’s new auto master plan expected in early 2017

By: Irma Venter     23rd September 2016 The South African automotive industry should have its first glimpse of the strategic direction of the Department of Trade and Industry’s (DTI’s) new automotive master plan in the first quarter of 2017, says National Association of Automobile Manufacturers of South Africa (Naamsa) president Mike... 

Pharmaceuticals giant to launch SA’s first biotech manufacturing facility

     23rd September 2016 Global pharmaceutical company Cipla announced in July that its proposed biotech subsidiary, Cipla BioTec South Africa (CBSA) will invest just over R1.3-billion into the country's first biotech manufacturing facility, used for the production of biosimilars, and located in KwaZulu-Natal. Cipla’s... 

PRASA rail network expansion, South Africa

By: Sheila Barradas     23rd September 2016 The project aims to develop network extensions to the Daveyton–Etwatwa and Blue Downs rail lines, the Hammanskraal and Moloto rail corridors, and the Cape Town International Airport rail link. 

Velaphi Ratshefola

     23rd September 2016 This week we feature Velaphi Ratshefola, MD of Coca-Cola Beverages South Africa, a soft drinks bottling company 

Oceanwide Logistics Opens In South Africa – Expanding Company’s Growing Global Network

     22nd September 2016 Comprehensive Sea/Air/Land Freight and Logistics Solutions Offered Across South Africa from Durban Headquarters OL International Holdings LLC (OL International) today announced the launch of Oceanwide Logistics SA (Pty) Ltd (OL South Africa) with the opening of its newest office in Umhlanga,... 

Growthpoint debuts in South Africa’s 50 Most Valuable Brands

     22nd September 2016 Growthpoint Properties has debuted in 50th place in Brand Finance’s list of South Africa’s 50 Most Valuable Brands. In doing so, it has also become only SA REIT to be included in this prestigious index. Each year, leading brand valuation and strategy consultancy Brand Finance puts thousands of... 

Train plant construction ‘on track’, says Gibela 

By: Irma Venter     22nd September 2016 The construction of Gibela’s R1-billion train factory at Dunnottar, in Ekurhuleni, is on schedule, says the rail consortium in a project update. Gibela has been contracted to supply the Passenger Rail Agency of South Africa with 600 new passenger trains, in a deal worth R51-billion. The first 20... 

Van Zyl departs MBSA trucks division

By: Irma Venter     22nd September 2016 Mercedes-Benz South Africa (MBSA) will, on December 1, welcome Jasper Hafkamp as its new Regional Centre Southern Africa (RCSA) executive director. In this position he will be responsible for Daimler Trucks & Buses (DT&B) in Southern Africa. Hafkamp joined Mercedes-Benz Nederland in 1995 after... 

Releasing spectrum will lower data costs – MTN

By: News24Wire      21st September 2016 MTN officials have told Parliament that the release of available spectrum would, in theory, lower data costs. South Africa has yet to migrate to digital broadcasts, a key requirement for opening up radio spectrum for faster and more widespread mobile internet services. 

Treasury tight-lipped over set-top box probe

By: News24Wire      21st September 2016 National Treasury is keeping mum over claims that it has recommended the suspension of South Africa’s controversial set-top box production. Set-top boxes (STBs) decode digital signals for analogue television sets and government plans on subsidising five million poorer households as part of a... 

Tribunal prohibits Imerys’ buyout of Andalusite Resources

By: Anine Kilian     21st September 2016 The Competition Tribunal has prohibited industrial minerals processing company Imerys South Africa’s acquisition of mining company Andalusite Resources (AR). The tribunal notes that the proposed acquisition will lead to a monopoly in the mining, processing and sale of andalusite in South Africa... 

SKA South Africa makes the cut as finalist for Bentley Systems’ awards

By: Ilan Solomons     21st September 2016 Global infrastructure software manufacturer Bentley Systems has announced the project finalists for its 2016 Be Inspired Awards. The annual awards honour the “extraordinary work” of Bentley users advancing infrastructure design, construction and operations worldwide. Ten independent jury panels... 

Futuregrowth seeks ‘right side of history’ with clean coal

By: Bloomberg     21st September 2016 Futuregrowth Asset Management, South Africa’s largest specialist fixed-income money manager, said it won’t participate in funding of coal-fired power generation until the industry develops environmentally sustainable methods of operating. The decision is based on the company’s investment... 

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

Premier upbeat about drilling results at Zimbabwe lithium project

By: Megan van Wyngaardt     20th September 2016 Aim-listed Premier African Minerals has received encouraging results from its 2 500 m drilling programme at the Zulu lithium project, in Zimbabwe. The first diamond core hole intersected 9.5 m of visual spodumene petalite lithium mineralisation, from a down hole depth of 10.5 m. 

Renault Kwid set for SA debut in Nov, Oroch small bakkie possibility for 2017

By: Irma Venter     19th September 2016 Renault South Africa (SA) is set to launch a fresh attack on the country’s budget market in November, when it introduces the A-segment Kwid. The India-made Kwid should be priced below Renault SA’s current entry-level Sandero. 

Building a server room with built in best in class protection

     19th September 2016 A lot goes into building a server room, from practical considerations like the building structural load limitations for that room, to cooling the space, powering the equipment, and selecting the technology. When it comes to the technology needed to store, protect and monitor your equipment and... 

Two more Eastern Cape wind farms inaugurated

By: Creamer Media Reporter      16th September 2016 Two Eastern Cape wind farms – the 134 MW Amakhala Emoyeni and the 95 MW Tsitsikamma Community wind facilities – were officially inaugurated this week. Both projects have been developed by Cennergi, the energy joint venture owned by Exxaro and Tata Power. The Amakhala Emoyeni  plant incorporates... 

Zuma, business leaders appeal for calm, positivity for economy’s sake

By: African News Agency      16th September 2016 The current stand-off between Finance Minister Pravin Gordhan and the Directorate for Priority Crime Investigation (Hawks) was not on the agenda and was not discussed when President Jacob Zuma held a high-level meeting with chief executive officers of major corporates in South Africa,... 

Court saga puts set-top box production on ice

By: News24Wire      16th September 2016 Another delay has hit South Africa’s digital broadcast migration project as the agency behind the rollout of set-top boxes has temporarily halted production of these devices. Set-top boxes decode digital signals for analogue television sets and government plans to distribute these devices to... 

Heineken to bring more premium brands into South Africa

By: Reuters     16th September 2016 Heineken plans to bring more of its premium brands into South Africa following its recent introduction of Sol Mexican lager which it hopes will increase its market share. Following 11 years of cooperation, Heineken dissolved its joint venture with Diageo in July 2015 so that the Dutch brewer... 

Shaft sinking industry group launches, seeks to create new opportunities

By: Ilan Solomons     16th September 2016 The South African Shaft Sinking, Equipment and Services (Sasses) supply group, a subgroup within the South African Capital Equipment Export Council (Saceec), was officially launched at the Electra Mining Africa 2016 tradeshow in Johannesburg, this week. Sasses aims to assist local manufacturers... 

Parliament grills Muthambi over 'slow' digital migration

By: News24Wire      16th September 2016 Communications Minister Faith Muthambi was chastised during a portfolio committee meeting on Thursday about the delays in government’s rollout of digital migration. “Your management of this process is found wanting,” said Mmamaloko Kubayi, ANC MP and chairperson of the portfolio committee on... 

Korean auto firms aiming to assemble bakkies at Benoni plant

By: Irma Venter     16th September 2016 Kia Motors South Africa (KMSA) is close to finalising a deal with Hyundai Motors South Africa (HMSA) to assemble its K2700 and K2500 workhorse bakkies at HMSA’s Benoni plant, says KMSA CEO Ray Levin. HMSA assembles the Hyundai HD65 and HD72 medium-duty trucks at the Benoni facility, as well as... 

Refineries face uncertain future as SA fuel standards lag

By: Irma Venter     16th September 2016 While not able to speak on behalf of the industry, South Africa’s refineries are probably grappling with the question of whether they can afford to upgrade their facilities to produce cleaner diesel and petrol, or whether it is more cost-effective to close down, says Sasol senior technical... 

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