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Coca-Cola Beverages Africa appoints new group chief executive

By: African News Agency      3rd December 2018 Coca-Cola Beverages Africa (CCBA) on Monday announced the appointment of Jacques Vermeulen as its new group chief executive, with effect from December 1. The company said Vermeulen has served as managing director of CCBA’s International Division, which covers all of CCBA’s Africa operations... 

Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

Ramaphosa to woo investment at G20

By: African News Agency      30th October 2018 President Cyril Ramaphosa will on Tuesday engage with heads of State and government and leaders of the global private sector as part of his participation in the G20 Compact with Africa Conference and the G20 Investment Summit, the Presidency said. "This follows President Ramaphosa’s successful... 

Unlock true potential of Africa by empowering its youth

26th October 2018 Africa evokes distinctive images of its natural wildlife and majestic landscapes. Of course, there is more to the Africa story, driven by its people, tremendous talent pool, and the untapped resources that will take the continent to the next level of growth in the coming years. 

Community Development Agreements compulsory for mining in Malawi

By: Creamer Media Reporter      24th October 2018 A new Mining Act anticipated to be promulgated in Malawi this year will make it compulsory for all mining companies to undertake Community Development Agreements (CDAs). Describing it as an “important change,” AECOM Senior Specialist Karien Lotter explains that companies must commit a... 

Euro Steel

23rd October 2018 Part of AFMETCO Group of Companies, Euro Steel has evolved into one of South Africa’s largest stainless steel, special steels, aluminium and other corrosion-resistant materials distributors and exporters. The company operates predominantly in all major cities in South Africa, but also has... 

Wacker Neuson solidifies dealer partnership with Demolition Technologies

22nd October 2018 Demolition Technologies is a renowned and respected supplier of pneumatic and hydraulic construction, demolition and portable power equipment. “With this in mind, the decision to appoint them as our dealer to serve customers in the Western Cape region was an extremely simple one,” affirms Dennis... 

Africa Code Week 2018 accelerates community capacity building with significant Google support

22nd October 2018 Africa Code Week 2018 received a significant boost with the announcement of key partner Google's support of 53 non-profit organisations across 11 countries. This is the third consecutive year that Google is making micro grants available to organisations involved in implementing Africa Code Week's... 

Sub-Saharan Africa's big economies yet to recover

By: Reuters     19th October 2018 Sub-Saharan Africa's economic recovery will progress slowly into next year, as the continent's biggest drivers struggle to move into higher gear despite a healthier global economy, a Reuters poll found on Friday. Commodity prices have improved and the global economy is in good shape, but Nigeria... 

African Chemicals Imbizo registers impressive growth

By: Natasha Odendaal     19th October 2018 The fourth African Chemicals Imbizo, to be held in Durban from October 24 to 25, is expected to be the largest one in its four-year history. Starting as a modest concept of meetings between members of the Durban Chemicals Cluster (DCC) – a public-private partnership between eThekwini municipality... 

Liquid eyes further expansion as Cape to Cairo links up

By: Natasha Odendaal     18th October 2018 Pan-African telecommunications group Liquid Telecom is eyeing further expansion across the African continent after completing its Phase 1 decade-long project of connecting a 60 000 km network from Cape Town, South Africa, to Cairo, Egypt. The group on Thursday reported that, following the... 

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Key practices for the financial services sector to protect itself against DDoS attacks

18th October 2018 South Africa’s financial services sector is widely acknowledged to be both sophisticated and sound, backed by technology as well as a solid regulatory and legal framework. It offers insurance and investment opportunities; commercial, retail and merchant banking; and mortgage lending[1], while the... 

Wits Business School Addresses the Energy Sector Skills Shortage

By: Creamer Media Reporter      15th October 2018 The energy landscape in Africa is changing dramatically.  Opportunities abound for investments, partnerships and other initiatives in the sector, particularly in oil and gas and renewable energy. The World Bank's Africa Energy project portfolio currently carries 48 projects totalling US$3... 

Prudent capital allocation keeps Balwin performing in H1 despite challenging climate

By: Marleny Arnoldi     15th October 2018 JSE-listed housing developer Balwin Properties handed over 1 058 residential units, which contributed to a 33% increase in revenue to R1.19-billion for the six months ended August 31. An average unit selling price of R1.12-million was achieved, compared with R1.2-million in the same period of... 

Sub-Saharan Africa’s economy growing, but better revenue mobilisation needed – IMF 

By: Marleny Arnoldi     12th October 2018 The macroenonomic outlook for sub-Saharan Africa continues to strengthen, with growth expected to increase from 2.7% in 2017 to 3.1% this year, the latest ‘Regional Economic Outlook’ report published by the International Monetary Fund (IMF) shows. The higher growth reflects domestic policy... 

Energy efficient pumps solve water challenges

12th October 2018 Power-saving water-pump solutions company Grundfos presents municipalities with improved energy efficient pumps that allow them to lower their demand on the national power grid, says sub-Saharan Africa regional head Henning Sandager.    “Water, waste water removal and electricity are the main... 

Grant Bennett

12th October 2018 This week we profile Grant Bennett, country manager for South Africa and sub-Saharan Africa at SUSE, an information and communication technology supprt and services company   

Joblessness scourge

By: Martin Zhuwakinyu     12th October 2018 South Africa’s inaugural Jobs Summit was convened in Johannesburg last week to brainstorm on possible solutions to the country’s stubborn unemployment scourge. Statistics South Africa (Stats SA) tells us that the unemployment rate stood at 27.2% in the second quarter of this year, a deterioration... 

AMSA seeks growth opportunities in sub-Saharan Africa amid muted domestic steel demand

By: Nadine James     10th October 2018 In light of weak domestic demand, ArcelorMittal South Africa (AMSA) has implemented a strategy to enhance its short-term profitability and cashflow, thereby, ensuring the business’ sustainability and positioning it to exploit growth in the sub-Saharan Africa region, says CEO Kobus Verster. During... 

DRC, Tanzania resource nationalist measures more extreme – Leon 

By: Martin Creamer     10th October 2018 The resource nationalist measures being implemented in the Democratic Republic of Congo (DRC) and Tanzania are significantly more extreme than those being adopted and even considered in most other African countries. One likely reason for this is that the DRC and Tanzania both suffer from... 

International Accolade For South African Professional Body For Supply Chain Management

9th October 2018 South Africa’s Professional Body for Supply Chain Management (SAPICS) has received an international accolade honouring its commitment to advancing supply chain excellence. APICS, the association for supply chain management in the United States, presented SAPICS with its 2018 Diamond Partner Award... 

Mitak's capacity, technology and local manufacture underpins the quality of its high chrome white iron mill liners

8th October 2018 The Johannesburg-based company Mitak, which exhibited for the first time at this year’s Electra Mining 2018, ranks among the world's majors in terms of high chrome white iron (HCWI) foundries. Since its founding in 1973, the company has developed and capitalised on its extensive experience in... 

EDF, GIBB form GIBB Power partnership

By: Tasneem Bulbulia     8th October 2018 Through a new partnership between EDF and GIBB, finalised last week, GIBB Power aims to become a reference-engineering platform, specialising in supporting energy projects and offering solutions to overcome the challenges of Africa’s energy transition. GIBB Power is owned 70% by GIBB and 30% by... 

Security as important as people, technology in ensuring organisational success

By: Schalk Burger     5th October 2018 Security is as vital to organisational success as technology and people, and is fundamental for digital transformation, says market intelligence and advisory firm International Data Corporation (IDC) sub-Saharan Africa associate VP Mark Walker. If systems are taught the wrong things at the start,... 

Ports’ Customer Forum seeks to align Eastern Cape planning

4th October 2018 Transnet National Ports Authority (TNPA) hosted port clients and representatives of government, business and industry at the Nelson Mandela Bay ports’ Customer Forum on 28 September in the Port of Ngqura. The session aimed to align TNPA’s plans to meet the business requirements of port users.... 

World Bank lowers 2018 growth forecast for South Africa 

By: Terence Creamer     3rd October 2018 The World Bank has lowered its 2018 gross domestic product (GDP) growth forecast for South Africa to 1%, from an April projection of 1.4%, and says the country’s growth will remain subdued in 2019. The bank also lowered its 2019 projection for South Africa to 1.3%, from 1.8% in April, and... 

Goldman forecasts South African economic rebound in 2019

By: Reuters     3rd October 2018 Goldman Sachs expects South Africa's economy to grow almost 3% next year, helped by President Cyril Ramaphosa's reforms and strong global growth, the bank's sub-Saharan Africa head told Reuters. Colin Coleman's prediction is more optimistic than the view held by economists polled by Reuters last... 

New Wärtsilä power plant will support industry development in Equatorial Guinea

3rd October 2018 The technology group Wärtsilä was awarded a 38 MW power plant project by the EPC company Groupement TEC-IEE in Equatorial Guinea. The project is sponsored by the Ministry of Hydrocarbons with the intention to boost the development of local industry. The order was booked in Q3 2018. A 24 MW... 

Japan's Kansai to help Zambia paint out malaria

By: Reuters     2nd October 2018 Kansai Plascon, owned by Tokyo-listed Kansai Paint, has launched the world's first mosquito repellant paint in Zambia to help it reach a target to eliminate malaria by 2021, the company and a Japanese government official said. Malaria, spread by mosquitoes, is a treatable disease if caught early,... 

PIC's assets grow 8.6%

By: Reuters     1st October 2018 The value of assets managed by South Africa's state-owned pension fund rose by 8.6% in the year to March 2018, supported by a diversified investment strategy, the fund said in its latest annual report on Monday The Public Investment Corporation (PIC), which manages pensions of civil servants and... 

Montalto to expand Intellidex’s depth of research

By: Marleny Arnoldi     1st October 2018 Research and consulting firm Intellidex has appointed Peter Attard Montalto head of capital markets research, to expand its depth of research and widen its client base among global investors. Montalto will lead Intellidex’s coverage of economics, politics and fixed income markets in South... 

Fourth Industrial Revolution Upon Us

1st October 2018 We are living in a connected society where most people have access to smart mobile devices. Having quick access to information has become an extension of our existence. We have begun to see internet access, among other things, becoming cheaper and far more accessible than ever before. Technology... 

Sector requires heightened safety measures

By: Tasneem Bulbulia     28th September 2018 While construction regulations incorporate fall protection, the mobile crane industry requires a more specific plan to properly address the risks of working at height, says mobile crane hire company Johnson Crane Hire (JCH) safety, health, environment and quality executive Cedric Froneman.... 

Three UCT lecturers participate in international Solar Decathlon competition

By: Simone Liedtke     26th September 2018 Thee lecturers from the University of Cape Town (UCT) are part of Team Mahali, the only team representing sub-Saharan Africa in the international Solar Decathlon competition, which will be held in Morocco next year. The Solar Decathlon is an international competition to design and build a fully... 

KSB Pumps and Valves obtains Level 1 BBBEE certification

By: Simone Liedtke     25th September 2018 Global pump manufacturer KSB Pumps and Valves has obtained Level 1 broad-based black economic empowerment (BBBEE) certification. This follows the acquisition of a 30% equity stake in the company by black women-owned firm Insikazi Synergies, which has joined the KSB board to play an active role in... 

Global pump manufacturer obtains level 1 B-BBEE certification

25th September 2018 KSB Pumps and Valves has become the first OEM pump manufacturer in South Africa to obtain Level 1 B-BBEE certification. This follows the purchase of a 30% equity stake in the company by the black female-owned Insikazi Synergies (RF) (Pty) Ltd, a company with four business women shareholders... 

Global pump manufacturer obtains level 1 B-BBEE certification

By: Creamer Media Reporter      25th September 2018 KSB Pumps and Valves has become the first OEM pump manufacturer in South Africa to obtain Level 1 B-BBEE certification. This follows the purchase of a 30% equity stake in the company by the black female-owned Insikazi Synergies (RF) (Pty) Ltd, a company with four business women shareholders... 

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