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Ascendis Health acquires two European firms for R7.3bn

By: Creamer Media Reporter      Updated 3 hours ago As part of its international growth strategy, JSE-listed Ascendis Health has acquired two major European health and care businesses, Remedica Holdings and Scitec International, for a combined R7.3-billion. “Our strategy is to complement growth in the domestic health and care market through... 

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... 

South Atlantic Cable System, Angola and Brazil

By: Sheila Barradas     20th May 2016 The project involves the construction of the world’s first submarine cable system across the South Atlantic. 

Upbeat Corsa Coal narrows Q1 net loss as prices rise

By: Henry Lazenby     19th May 2016 US coal producer Corsa Coal has narrowed its first-quarter net loss to $8.29-million, up from a loss of $25.62-million in the comparable quarter ended March 31 a year earlier, despite falling sales and revenues. The company believed that January marked a 12-year bottom for metallurgical coal... 

Australia’s GB Energy to acquire lithium project in Namibia

By: Samantha Herbst     19th May 2016 In line with its strategy of targeting minerals critical for the future of the energy environment, ASX-listed GB Energy has entered into an option agreement with an unnamed South African company which, if exercised, provides the GB Energy with the right to acquire a 70% stake in Namibia’s... 

New-car prices to jump by around 15% this year – Naamsa

     11th May 2016 Consumers should brace themselves for a sharp increase in new-vehicle prices. Rand weakness would probably see new-vehicle prices increase by between 12% and 15% – or more – in 2016, said the National Association of Automobile Manufacturers of South Africa (Naamsa) in its first quarter business... 

South East Asia venture 'part and parcel' of Denel’s growth strategy

By: Samantha Herbst     11th May 2016 Continuing to defend its joint venture (JV) with steel manufacturing group VR Laser Services to establish Denel Asia, State-owned defence industrial group Denel told the Portfolio Committee on Public Enterprises in Parliament on Wednesday that its decision to extend its business footprint in... 

Denel’s Venture In South East Asia Forms Part Of Global Growth Strategy

     11th May 2016 Denel is increasingly looking at export sales including in the rapidly-expanding Asia-Pacific region -- in terms of its mandate to create a financially self-sustainable defence business, Mr Odwa Mhlwana, acting Group Chief Financial Officer, told the Portfolio Committee on Public Enterprises in... 

March air freight volumes drop by 2%

By: Samantha Herbst     5th May 2016 Global air freight volumes saw a 2% year-on-year drop in March, reflecting subdued growth in world trade, according to demand growth data released by the International Air Transport Association (Iata). This decline was exaggerated by the quarter’s comparison with a particularly strong start in... 

Glencore cuts supply cloth to fit demand coat

By: Martin Creamer     4th May 2016 The mix of mining and marketing within the same company provides sensitivity to commodity price falls. Continually highlighting the value of the mining-marketing mix is Glencore, which is quick to respond to market changes. 

Freeport loss doubles as low prices bite

By: Henry Lazenby     26th April 2016 US diversified miner Freeport McMoRan has booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of lower West Texas Intermediate prices. The company reported a net loss attributable to common stock totalling $4.2-billion, or $3.35 a share, for... 

Versatile Vinyl In The “Sport-Light” At 2016 Olympic Games

     21st April 2016 Flexibility, versatility and recyclability of vinyl takes center stage during the biggest sporting event taking place in Rio de Janeiro, South America, later this year During the next few months, the 2016 Olympic Games will once again be on everybody’s lips when the much anticipated event takes... 

Chile project a golden opportunity for Kingsgate

By: Esmarie Swanepoel     14th April 2016 A prefeasibility study (PFS) into the Nueva Esperanza gold project, in Chile, has indicated that the project could deliver an average 91 000 oz of gold equivalent ounces, over a mine life of nearly 12 years. Gold miner Kingsgate Consolidated noted that mine plan optimisation meant that the... 

Software developed to save container operators millions

     8th April 2016 The StarConomy reefer control software designed by manufacturer of dry containers Maersk Container Industry (MCI), in conjunction with fruit multinational Dole, supports reefer  refrigerated container operators by allowing them to maximise the value of their refrigerated cargoes in MCI’s Star... 

‘Sluggish’ 2016 outlook for world trade, WTO warns

By: Terence Creamer     7th April 2016 The World Trade Organisation (WTO) warned on Thursday that growth in the volume of world trade was likely to remain sluggish in 2016 at 2.8%, unchanged from levels recorded in 2015, which was the fourth consecutive year where growth in world merchandise trade remained below 3%. WTO economists... 

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

By: Keith Campbell     1st April 2016 It is generally known that many minerals and metals exist, dissolved in seawater and in the waters of briny lagoons and salt lakes. According to Stanford University, in the US, seawater contains 47 minerals and metals. Starting with the most abundant and proceeding to the least abundant, these... 

Corsa Coal’s Q4 loss slides as prices, sales plunge

By: Henry Lazenby     1st April 2016 TSX-V-listed coal producer Corsa Coal has reported a fourth-quarter net loss of $106.35-million for the three months ended December 31, as realised prices for both its main operating segments fell. The company’s coal operations were conducted through the Somerset, Pennsylvania-based Northern... 

Japanese firms loan millions to build Angola–Brazil undersea link

By: African News Agency      31st March 2016 The Development Bank of Angola (BDA) has signed US$109.7-million loan agreements with Japanese firms as part of a deal that looks set to make the oil-rich African nation one of the main telecommunication hubs on the continent. The agreement, which is backed by a sovereign guarantee from the... 

Weba South America Gives Region Access To Custom Engineered Chute Systems

     15th March 2016 Following increased market demand and extensive investigative time on the ground, Weba Chute Systems has announced the establishment of Weba South America. The company exhibited at Expomin Chile under this new banner. Mark Baller, managing director of Weba Chute Systems, explains that South... 

Schneider Electric and the French Ministry of Education...

     11th March 2016 Higher Education and Research sign multi-party agreements to open more French South African Schneider Electric Education Centres. Schneider Electric, the global specialist in energy management and automation, signed partnership agreements with the Cape Peninsula University of Technology, College... 

Unbundling of Bidvest Food service aims to create focused growth platform

By: Mia Breytenbach     11th March 2016 The unbundling and separate listing of JSE-listed Bidvest’s Foodservice will be “a great opportunity” for the business to refocus, expand its international footprint and continue its growth path, states founder and outgoing CEO Brian Joffe. Successful completion of the proposed transaction for... 

SA hosts global network of aggregates producers

     9th March 2016 Global sand and aggregate producer representatives from across the globe will be gathering in Cape Town on the 11-13 April this year to find ways to work together and improve the overall industry worldwide.  Hosted by the local Aggregate and Sand Producers Association of Southern Africa (Aspasa)... 

Portfolio refocused to lean on chemicals business

By: Malusi Mkhize     4th March 2016 Integrated energy and chemicals provider Sasol is refocusing its portfolio to lean more on its chemicals business, following the division’s turnover of R105-billion, which accounted for 57% of the group’s total turnover for the 2015 financial year. Sasol executive VP: chemicals business Fleetwood... 

Absenteeism at OR Tambo affecting airport efficiency

By: News24Wire      1st March 2016 Efficiency at South Africa's busiest airport has been called into question as absenteeism was highlighted as some of the challenges to tourism by the department of home affairs in parliament on Tuesday.  The department, led by Minister Malusi Gigaba, briefed the Home Affairs committee on the... 

Agrium appoints three new directors, expands board to 12

By: Henry Lazenby     26th February 2016 Agricultural products producer Agrium Inc this week expanded its board to 12 members after it appointed three new directors, 11 of which are independent. Calgary, Alberta-based Agrium appointed Maura Clark, Miranda Hubbs, and William (Bill) Simon to its board, effective from Wednesday. 

Goldplat says turnaround strategy bearing fruit

By: Creamer Media Reporter      22nd February 2016 The turnaround strategy initiated by Aim-listed Goldplat in the 2015 financial year was starting to deliver the “desired outcomes and benefits”, with the company’s primary gold recovery operations now both cash flow positive and profitable. Reporting on its results for the six months to December... 

SA company working on armoured vehicle order for East African client

     19th February 2016 South African defence equipment and logistics company Twiga Services is building Mamba-class armoured personnel carrier vehicles for a client in East Africa. Twiga CEO Damien de Lange says the vehicles are due for completion by the end of the year. 

South Deep soars, Gold Fields spawns $123m cash, pays divi

By: Martin Creamer     18th February 2016 Production at the South Deep gold mine rose 24% in the last three months of 2015 to almost double the output for the corresponding period of the previous year, Gold Fields said on Thursday. In presenting yearly as well as fourth-quarter (Q4) financial results, Gold Fields reported a half-year... 

Danakali eyes new product stream at Colluli

By: Esmarie Swanepoel     10th February 2016 Potash developer Danakali would initiate a scoping study into potential sulphate of potash magnesia (SOP-M) production from its Colluli project, in Eritrea. The company said on Wednesday that it had produced high purity, chloride free SOP-M from the Colluli potash project using salts from the... 

Copper loses its shine, for now

By: Kim Cloete     9th February 2016 Plunging copper prices have pushed the copper industry into a quandary, with global demand deteriorating to an even worse extent than many people realise, Bernstein senior research analyst Paul Gait told delegates at the 2016 Investing in African Mining Indaba this week. Gait noted, however, that... 

South African Airways advises travellers to take precautions during travel to and from Zika high risk areas

     8th February 2016 South African Airways would like to notify its customers that the airline will continue to offer a daily service between Johannesburg and Sao Paolo in Brazil after the World Health Organization concluded there was no justification to impose a travel ban to Latin America and the Caribbean due to... 

NWK announces drought aid options for producers

     29th January 2016 NWK is implementing several actions to try and reduce the impact of the drought and help ensure the sustainability of producers. Possible additional options for supporting producers – like postponing production debt and/or the consolidation of producer debt – are also on the radar. The... 

Fibre roll-out ushering in new connectivity future for South Africa

By: David Oliveira     29th January 2016 The roll-out of fibre-to-the-curb (FTTC) promises to change the connectivity landscape of South Africa’s consumer and small-business markets, which have largely been neglected by the country’s prominent telecommunications companies, South African technology research company World Wide Worx MD... 

Fibre roll-out ushering in new connectivity future for South Africa

By: David Oliveira     29th January 2016 The roll-out of fibre-to-the-curb (FTTC) promises to change the connectivity landscape of South Africa’s consumer and small-business markets, which have largely been neglected by the country’s prominent telecommunications companies, South African technology research company World Wide Worx MD... 

Power show to launch in September

     29th January 2016 Exhibitions organiser Specialised Exhibitions Montgomery will this year launch a new trade show entitled Power Ex, that will focus on power generation, transmission and distribution, application and renewable energy. “Power Ex is a premier showcase for the electric power and energy sectors and... 

Anglo’s all-in 2015 production up despite stuttering South African inputs

By: Martin Creamer     28th January 2016 The 2015 full-year production of Anglo American increased by 5% on a copper equivalent basis, despite lower iron-ore and thermal coal contributions from South Africa and a flat performance by platinum. The London- and Johannesburg-listed diversified mining company said in a production report on... 

S Africa posts 16.3% uptick in 2015 steel output to 7.6Mt

By: Natalie Greve     25th January 2016 While crude steel output from the 66 steel producing countries reporting to industry body worldsteel saw a 2.8% year-on-year drop to 1.62-billion tonnes, South Africa managed to lift its output by 16.3% over the 12 months, delivering 7.6-million tonnes of steel and becoming the world’s... 

Companies provide glimpse into bauma 2016 product launches

By: Natasha Odendaal     22nd January 2016 Expectations of innovative advancements in the construction and building materials machinery, mining machines, construction vehicles and construction equipment sectors are running high as the much anticipated bauma 2016 trade show nears. With rival companies preparing to descend on one of the... 

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