R/€ = 14.61 Change: -0.05
R/$ = 13.80 Change: 0.00
Au 1159.85 $/oz Change: -1.76
Pt 915.00 $/oz Change: 0.00


Arup Appoints BIM Leader for Southern Africa

     9th December 2016 Arup has appointed Nic Karassavas as their BIM Leader for Southern Africa. Karassavas brings significant experience in initiating, managing and developing projects within a BIM environment as a result of having worked on a wide range of building and infrastructure projects as a principal, manager... 

Rio’s CEO wants to buy diamonds, but finding them won’t be easy

By: Bloomberg     9th December 2016 Even for the deepest pockets in the mining industry, diamonds are hard to find. Rio Tinto Group CEO Jean-Sebastien Jacques said this week he’s on the hunt for new diamond mines, but with more than half of the industry controlled by just two companies and new discoveries rare, it’s going to be a... 

Gautrain rolling stock procurement programme, South Africa

By: Sheila Barradas     9th December 2016 The contract to supply new trains to Gautrain will be awarded to a successful bidder in November next year. 

Liquid Sea submarine cable project, South Africa to the Middle East

By: Sheila Barradas     9th December 2016 The new submarine cable will directly connect all countries along the east coast of Africa and provide new connectivity for the Middle East and Europe.  

South African commercial aviation sector outperforming economy, index shows

By: Keith Campbell     9th December 2016 The South African commercial aviation sector “is alive and well and outperforming most other sectors of the economy by a considerable margin” reported the Commercial Aviation Association of Southern Africa (Caasa) in a statement released on November 29. The release marked the publication of the... 

Volvo Trucks expands sales into rest of Southern Africa

By: Irma Venter     9th December 2016 Volvo Trucks should this year sell around 250 new trucks in Southern African markets outside South Africa, says Volvo Group Southern Africa president Torbjörn Christensson. Three years from now, in 2019, the company wants sales in these Southern African markets to grow to 1 000 trucks a year. 

Weak economy leading to underbidding by engineering firms

By: Irma Venter     9th December 2016 South Africa’s struggling economy has increased the pressure on engineering firms to underbid on larger projects, says Arup Southern Africa leader Poya Rasekhi. This, however, often leads to poor design and staff burn-out, which almost inevitably ensures that the final price tag ends up being... 

Black-woman-owned steel manufacturing company launched 

By: Anine Kilian     8th December 2016 Despite the difficult economic climate South Africa currently finds itself in, black-woman-owned steel-manufacturing company RSC Avelo, which was officially launched in Roodepoort, Gauteng on Thursday, aims to be a key player in market, according to MD Mayleen Kyster. “Even though we are in a... 

SEIFSA Commends The Launch Of A New Black-Owned Steel Company In South Africa

     8th December 2016 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) today commended the official launch of RSC AVELO in Roodepoort – South Africa’s only black youth-woman-owned and managed reinforcing steel and reinforcement steel manufacturer.... 

Southern Africa faces worst drought in decades

By: African News Agency      8th December 2016 Nearly 14-million people in southern Africa are in need of emergency humanitarian assistance as the region faces the worst El Nino induced drought in decades. United Nations (UN humanitarian agencies and partners launched a revised action plan to outlining their response to the needs of an... 

New-vehicle sales likely to decline further in 2017, says FNB

By: Irma Venter     6th December 2016 New-vehicle sales in South Africa will drop by around 12% in 2016 compared with 2015, says First National Bank (FNB) senior industry analyst Jason Muscat. The same forecast model used to determine this decline suggests that sales in 2017 may drop another 5%, as a worst case scenario, he adds. 

Integrated Pump Rental Understands Effective Groundwater Control

     5th December 2016 Unless there is effective groundwater control, even the best run sites could become hindered by expensive and challenging problems. This will not only cause programme delays but could also have an adverse effect on health and safety. Lee Vine, managing director of Integrated Pump Rental, cautions... 

2016 new-truck sales seen declining 10% year-on-year

By: Irma Venter     2nd December 2016 South Africa’s new truck market is under pressure, with a 10% drop in sales likely in 2016, says UD Trucks Southern Africa (UDTSA) marketing director Rory Schulz. This means the new truck market should end the year around the 25 000-mark. 

Considerable growth opportunities for sustainable environmental management

By: Simone Liedtke     2nd December 2016 With the drive to a greener economy and sustainable management of the environment, specialist cleaning service provider Spill Tech is well positioned for considerable growth in the Western Cape owing to its rapid spill response service concentrating on hazardous waste, says Spill Tech chairperson... 

Ford’s local unit shipping first batch of Africa-bound Everest SUVs

By: Irma Venter     2nd December 2016 The first batch of South African-built Ford Everest vehicles destined for export markets in sub-Saharan Africa has been completed, with the first vehicle on its way to its new owner in Kenya. The moondust silver Everest 2.2 XLT 4 X 4 departed Durban on November 12, and is destined for Mombasa,... 

How Brics bank can change the way lenders do business

     2nd December 2016 In times of economic distress, a situation South Africa finds itself in at present, governments tend to invest heavily in infrastructure, which plays a central role in economic growth and poverty reduction by promoting greater productivity, increasing trade, reducing the cost of doing business... 

Sasol production sharing agreement licence area development project, Mozambique

By: Sheila Barradas     2nd December 2016 The field development plan will result in further hydrocarbon resources being developed to support Sasol’s Southern Africa growth drivers. 

The worst appears to be over for mining sector – Barloworld

By: Irma Venter     2nd December 2016 For the first time in four years some green shoots are starting to appear in the mining industry, says Barloworld CE Clive Thomson. Discussing the JSE-listed group’s financial results for the year ended September 30, he says he believes the current cycle has reached its bottom. 

Norilsk Nickel takes legal action against BCL over failed asset sale

By: Megan van Wyngaardt     1st December 2016 Norilsk Nickel Mauritius and Norilsk Nickel Africa have filed legal claims against Botswana's largest copper and nickel producer, BCL Mine, in the Botswana courts and in the London Court of International Arbitration to recover $271.3-million, plus damages and other costs, in relation to the... 

Seifsa welcomes uptick in PMI, but warns that corner not turned yet

By: Megan van Wyngaardt     1st December 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Thursday welcomed the slight growth registered in the Purchasing Managers Index (PMI) data for November, notwithstanding the fact that neither the overall nor the activity subindex could break through the neutral... 

BASF appoints new South Africa MD, country cluster head

By: Megan van Wyngaardt     1st December 2016 International chemicals company BASF has appointed Benoit Fricard South Africa MD and Southern Africa country cluster head. He joined the organisation in 2002 and most recently held the position of BASF South America performance materials director. 

BASF South Africa announces the appointment of new Managing Director and Country Cluster Head for BASF in Southern Africa

     1st December 2016 BASF recently announced the appointment of Benoit Fricard as Managing Director of BASF South Africa and Country Cluster Head for Southern Africa. Fricard, who holds a Betriebswirt (FH) Diploma and a Master’s Degree in Economics as well as a MBA, joined the organization in 2002 and has... 

A.B.E Concrete Protection For Upgrading Of Three Cape Waste Water Treatment Plants

     30th November 2016 A.B.E Construction Chemicals has supplied specialised products for the protection of the concrete surfaces and joints of three waste water treatment works in the Cape Province. A.B.E is part of the Chryso Southern Africa Group. Dean Botha, a.b.e. Technical Sales Consultant in the Eastern Cape,... 

Price war placing pressure on proper design, warns Arup SA boss

By: Irma Venter     30th November 2016 South Africa’s struggling economy has increased the pressure on engineering firms to underbid on larger projects, says Arup Southern Africa leader Poya Rasekhi. This, however, often leads to poor design and staff burn-out, which almost inevitably ensures that the final price tag ends up being... 

Platinum supply under extreme pressure – Dunne 

By: Martin Creamer     29th November 2016 The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%. Reiterating this to journalists on Tuesday, Northam Platinum CEO Paul Dunne pointed out that... 

Latest Aviation Index for South Africa shows sector outperforming rest of economy

By: Keith Campbell     29th November 2016 The South African commercial aviation sector “is alive and well and outperforming most other sectors of the economy by a considerable margin” reported the Commercial Aviation Association of Southern Africa (Caasa) in a statement released on Tuesday. The release marked the publication of the... 

Drinking Water Pumps Appear On Zim Forecourts

     29th November 2016 Zimbabwean home owners now have the added convenience of being able to fill up with purified drinking water when visiting selected fuel station forecourts in Harare. Flo2Go's purified water pumps are situated next to the fuel dispensers and deliver purified water by five-stage reverse osmosis... 

AfDB appoints new regional director-generals to roll out business plans

By: Megan van Wyngaardt     25th November 2016 The African Development Bank (AfDB) has appointed Dr Tonia Kandiero as DG of its Southern Africa regional development and business delivery office, effective December 1. The office forms part of the AfDB’s new business approach to accelerate its business and development impacts across the continent. 

Renewables body questions ongoing constraints on clean technologies in IRP base case 

By: Terence Creamer     25th November 2016 The South African Renewable Energy Council (Sarec) has added its voice to those questioning the constraints imposed on renewable-energy technologies in the updated base case of Integrated Resource Plan (IRP), which has been released for public comment. The council, which is the umbrella body for... 

Electrolux to buy South African water heater firm Kwikot

By: Irma Venter     25th November 2016 Swedish appliance manufacturer Electrolux has announced that it will acquire South African water heater producer Kwikot from RMB Corvest and other parties. The price tag for the deal is not known. 

German drive engineering group to expand activities in South Africa

By: Keith Campbell     25th November 2016 German drive engineering group SEW Eurodrive is planning to expand its assembly capacity in South Africa. The company operates 15 manufacturing plants in Germany, France, Brazil, the US and China, which ship components to assembly plants in 75 countries, including South Africa. “We invest in all... 

Historical corporate social investment reaches end of useful life – ERM

By: Dylan Slater     25th November 2016 New, precise and penetrating methods of measuring social impact are driving radical revisions to corporate social investment (CSI) as practised by big business and global investors, according to sustainability consultancy Environmental Resources Management (ERM) Southern Africa.  

Local market to benefit from merger

     25th November 2016 Following the sale of industrial filtration products manufacturer Mahle’s industrial filtration division to US-headquartered filtration specialist Filtration Group Corporation in August, engineering components and services provider – and exclusive distributor of Mahle’s range in Southern Africa –... 

South African container trade remains under pressure

By: Irma Venter     25th November 2016 Expectations that South Africa’s container market would grow during the third quarter of the year proved incorrect, despite a slightly stronger rand, indicates the 2016 Q3 Maersk Trade Report. The report shows that the market declined by 6% year-on-year. 

Seifsa welcomes positive PPI performance

By: Anine Kilian     24th November 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the latest Producer Price Index (PPI) data, released by Statistics South Africa (Stats SA) on Thursday, which showed growth in two sub-sectors.   However, the steel industry body also expressed concern... 

Quantum HEPS down y/y owing to drought, volatile rand

By: Anine Kilian     24th November 2016 Unfavourable trading conditions in South Africa such as the protracted drought plaguing Southern Africa, the volatile rand and a significant increase in the cost of raw materials all contributed to a sharp decline in headline earnings per share (HEPS) for JSE-listed Quantum Foods, which reported... 

Enko Education launches its first South African school

By: Megan van Wyngaardt     23rd November 2016 Enko Education this month launched its first school in South Africa, bringing its total in sub-Saharan Africa to seven schools. The school, located in Ferndale, will teach a curriculum that is based on the International Baccalaureate (IB) Organisation norms. Its programmes lead to the completion... 

Chryso Admixtures Key In Extended Cements

     23rd November 2016 Construction companies are increasingly appreciating the significant benefits which accrue from using extended cements. Eddie Correia, general manager technical services from CHRYSO Southern Africa, says the move in South Africa towards the increased use of extenders, such as pulverised fuel ash... 

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