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Transnet boosts Exxaro’s coal railing, Eskom paying invoices 

By: Martin Creamer     6th March 2014 State-owned rail enterprise Transnet was praised at Thursday’s Exxaro Resources results presentation for boosting the JSE-listed company’s coal exports by 15% last year and facilitating the doubling of them in 2014. But at the other end of the parastatal spectrum, investors had to be assured... 

As new vehicle sales, exports decline, Standard Bank cautions consumers 

By: Irma Venter     3rd March 2014 As new vehicle sales, exports decline, Standard Bank cautions consumersStatistics released on Monday by the Department of Trade and Industry showed that February new vehicle sales dropped by 3.1%, to 51 814 units, compared with the same month last year. Passenger car sales declined 5.4%, to 34... 

GBCSA hits a milestone as it certifies 50th building

By: Natasha Odendaal     28th February 2014 The Green Building Council of South Africa (GBCSA) said on Friday that South Africa now boasted 50 certified green buildings – as the nation embraced a greener future. The built environment globally was responsible for one-third of all carbon emissions, said GBCSA CEO Brian Wilkinson, adding that... 

Green Building groundswell sees 50 Green Star SA certified buildings in SA

     27th February 2014 After just six years the Green Building Council South Africa has certified its 50th building. From humble beginnings the journey of the council has seen some exceptional growth and the groundswell of green building in South Africa is exciting to witness. The GBCSA has single handedly activated... 

Oil and gas sector in need of skills, heightens call for legislative clarity

By: Natalie Greve     24th February 2014 While the sub-Saharan Africa enclave remains one of the fastest growing and largest potential oil and gas regions in the world, the most notable challenge facing the sector is the lack of skills and an ageing generation of oil and gas professionals, said the South African Oil and Gas Alliance... 

January new-vehicle sales slide by 6.8% – DTI

By: Irma Venter     21st February 2014 New vehicle sales in South Africa decreased by 6.8% in January, to 53 025 units, compared with the same month last year – this according to statistics released by the Department of Trade and Industry. During January, 38 008 new passenger cars were sold – a 7% drop compared with the same month... 

Car sales growth could stall in 2014 as replacement cycle ends, Credit Act bites 

By: Irma Venter     14th February 2014 Is the end of the current sales growth cycle in sight for the South African motor industry? Following a massive 25.9% drop in new-vehicle sales in 2009, compared with 2008, on the back of a global recession, the local market strengthened 24.7% in 2010, 16.1% in 2011 and 9% in 2012. Last year,... 

Car sales growth could stall in 2014 as replacement cycle ends, Credit Act bites

By: Irma Venter     14th February 2014 Following a massive 25.9% drop in new-vehicle sales in 2009, compared with 2008, on the back of a global recession, the local market strengthened 24.7% in 2010, 16.1% in 2011 and 9% in 2012. Last year, growth slowed to 3.2%, to 650 620 units. 

Company’s HVAC products now available on three-dimensional software

By: Pimani Baloyi     14th February 2014 Mechanical pipe-joining systems manufacturer Victaulic has announced the availability of its full range of global piping systems and heating, ventilation and air-conditioning (HVAC) products in building information modelling three-dimension or 3D design software MagiCAD, which enables the... 

Positive returns from bank’s supplier development scheme

By: Zandile Mavuso     14th February 2014 Financial services group Standard Bank’s supplier development programme has noted an average increase of 38% in the turnover of black-owned small and medium-size enterprises (SMEs) since the inception of the programme. 

BLSA ushers in high-profile board members

By: Natalie Greve     13th February 2014 Following a reshuffle of its executive body, Business Leadership South Africa (BLSA) has announced changes to its board of directors, which would now comprise several of South Africa’s heavy-hitters in business. The new board, effective from February 20, would be led by president and Stanlib... 

SA banks maintain appetite for renewable energy projects

By: Natasha Odendaal     11th February 2014 South Africa has enough liquidity to finance the next round of renewable-energy projects, with local banks maintaining their appetite in the emerging industry, a panel said at the Solarplaza conference, held in Sandton on Tuesday. The panel, which comprised Standard Bank investment banking senior... 

Power, labour pose risks to realising weak-rand benefits in 2014 

By: Terence Creamer     10th February 2014 The weaker rand should be supportive of a reduction in South Africa’s current account deficit over the medium-term, but Standard Bank chief economist Goolam Ballim warns that continued industrial unrest and ongoing electricity constraints remain key risks to realising the potential trade benefits... 

One in four imported cars now comes from India 

By: Irma Venter     3rd February 2014 The top three countries from which South Africa imported vehicles in 2013 were India, at number one, with 97 167 vehicles, with South Korea second, at 62 058 units, and Germany third, at 56 997 units, said Standard Bank vehicle and asset finance head Sydney Soundy on Monday. This means India has... 

New vehicle sales drop 6.8%, exports down 20%

By: Irma Venter     3rd February 2014 New vehicle sales in South Africa decreased by 6.8% in January, to 53 025 units, compared with the same month last year, reported the Department of Trade and Industry on Monday. During January, 38 008 new passenger cars were sold – a 7% drop compared with the same month last year.  

General Electric, Standard Bank sign $350m power finance deal

By: Natalie Greve     31st January 2014 Efforts to increase access to power infrastructure in Africa have received a boost following a $350-million financing agreement between industrial and finance heavyweights General Electric (GE) and Standard Bank, which will aim to provide affordable access to power infrastructure that augments... 

Gas-engine-based technology supplies power to banking firm

By: Ilan Solomons     31st January 2014 Power equipment company Barloworld Power’s multimillion-rand gas-powered generator plant solution is in full operation at banking firm Standard Bank’s offices in Rosebank, Johannesburg, Barloworld Power sales  manager Nalen Alwar tells Engineering News. The plant was in operational readiness in... 

Africa seen as window of opportunity 

By: Creamer Media Reporter      30th January 2014 Banking group Standard Bank says there are very few regions in the world that has lively per capita consumption of commodities, which presents Africa with a window of opportunity.  

Africa a growth story despite waning global mining investment

By: Natasha Odendaal     28th January 2014 Africa remained a desirable mining investment destination, despite challenges and softer growth in the global mining sector. The continent offered more “bang for its buck” from a value perspective and there was more upside in the continent’s growth, said Standard Bank global head of metals and... 

Sephaku Cement projects, South Africa

By: Sheila Barradas     24th January 2014 Cement production has started at Sephaku’s 1.4-million-ton-a-year Delmas milling plant, in Mpumalanga. 

Tower exceeds H1 maiden distribution forecast, declares 33c/share

By: Natalie Greve     23rd January 2014 After becoming the country’s first real estate investment trust (REIT) to list on the JSE in July last year, Tower Property Fund produced a “pleasing” operational and financial performance, generating headline earnings of R35.3-million for the six months ended November 30, 2013. This enabled the... 

Standard Bank, Massmart set up R20m assistance facility for BEE contractors

By: Natalie Greve     22nd January 2014 Standard Bank has joined forces with construction materials group Massbuild to provide a R20-million credit facility for select black economic-empowerment (BEE) building contractors, aimed at enabling them to establish sustainable businesses and improve their ability to deliver as preferred... 

Experts weigh in on the mining industry’s 2014 outlook

By: Jade Davenport     17th January 2014 South Africa’s once mighty and economy-dominating mining industry is, at present, in dire straits. It is an industry – and this is particularly true of its gold and platinum sectors – that is struggling for survival under a gloomy pall weaved out of a myriad of challenging factors. In 2013, such... 

Kouga wind farm project, South Africa

By: Sheila Barradas     17th January 2014 Civil works on the Kouga wind farm are expected to be completed by April 2014. 

2014 could be year SA catches up to African growth  

By: Leandi Kolver     15th January 2014 There was good reason to expect that South Africa could, in 2014, catch up with the rest of the African continent in terms of growth, Standard Bank joint CE Sim Thsabalala said on Wednesday. Speaking at Frontier Advisory’s Africa Frontiers Forum, in Sandton, Tshabalala stated that, according to... 

The flip side of modern technology

By: Kelvin Kemm     13th December 2013 Modern technology advance brings many benefits, but, almost always, a technology advance also brings with it the potential for negative side effects. People interact with technology and so the effects, both positive and negative, bring changes to the way people interact with one another.... 

Bank increases investment in agriculture centre

     6th December 2013 Financial services firm Standard Bank has increase its initial investment in its Centre for AgriLeadership and Business Development, at Stellenbosch University, from R3.45-million, in 2010, to R5.13-million over the next three years, says Standard Bank agribusiness head Nico Groenewald. 

Sephaku Cement projects, South Africa

By: Creamer Media Reporter      6th December 2013 Sephaku Cement’s cement milling plant, in Delmas, Mpumalanga, is 95% complete and on track for production to start early in the new year. 

Western Cape dairy farmers look to Africa for growth

     6th December 2013 An 18-month period of low prices for milk, that has forced a number of dairy farmers out of business, is reversing itself in the Western Cape. This positive change is a consequence of a number of milk, cheese, yoghurt and other dairy product brand owners expanding into Africa, says Standard Bank... 

Gautrain rapid rail link, South Africa

By: Creamer Media Reporter      29th November 2013 An arbitration tribunal has ordered the Bombela Concession Company to undertake immediate remedial work on the Gautrain tunnel section between Johannesburg Park Station and Emergency Shaft 2 to halt the inflow of water into the tunnel. 

Sephaku Cement projects, South Africa

By: Creamer Media Reporter      29th November 2013 A new limestone operation that will supply Sephaku is scheduled to get under way early next year near Lichtenburg, in the North West. 

Kalkbult solar photovoltaic project, South Africa

By: Creamer Media Reporter      22nd November 2013 Scatec Solar formally launched its 75 MW solar farm on November 12. 

Solar body urges DoE to allocate more capacity in light of competitive bids

By: Terence Creamer     22nd November 2013 The South African Photovoltaic Industry Association has urged the Department of Energy (DoE) to take up the opportunity to extend the list of preferred bidders arising from the highly competitive third bid window, arguing that the projects offer good value and could also help to consolidate gains... 

MRI advances board restructuring as CEO Schoeman exits

By: Natalie Greve     18th November 2013 ASX-listed Mine Restoration Investments (MRI) is advancing a board restructuring drive that is aimed at gearing up expertise and experience in mining and resources, given the company’s short- to medium-term focus on the production of coal briquettes. The restructuring had thus far seen the... 

SA’s renewables portfolio expands to R150bn as programme gains traction

By: Terence Creamer     15th November 2013 Energy Minister Dikobe Ben Martins says it is premature to say for certain that further renewable-energy projects will be added to the list of 17 preferred projects, collectively valued at R44-billion, already confirmed following a highly competitive third-bidding round. However, he stressed that... 

Solar body urges DoE to allocate more capacity in light of competitive bids

By: Terence Creamer     8th November 2013 The South African Photovoltaic Industry Association has urged the Department of Energy (DoE) to take up the opportunity to extend the list of preferred bidders arising from the highly competitive third bid window, arguing that the projects offer good value and could also help to consolidate gains... 

SARB to invest in Chinese bond market

By: Sapa     5th November 2013 For the first time in the South African Reserve Bank's (SARB's) history a portion of reserves will be invested in the Chinese interbank bond market, SARB deputy governor Daniel Mminele said on Tuesday. "South Africa was the first African central bank to be granted an investment quota for the... 

SA weighs appointment of more IPPs, as green-energy portfolio expands to R150bn  

By: Terence Creamer     4th November 2013 Energy Minister Dikobe Ben Martins says it is premature to say for certain that further renewable-energy projects will be added to the list of 17 preferred projects, collectively valued at R44-billion, already confirmed following a highly competitive third-bidding round. However, he stressed that... 

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