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One Month To Go To Africa Energy Indaba With Exciting Side Events January 2017

     16th January 2017 Energy is a prerequisite for sustainable economic growth in Africa and has been at the forefront of discussions on Africa reaching and maximising its growth potential. Without reliable and continuous access to energy, Africa’s most vulnerable remain disempowered and disenfranchised. Africa’s... 

World Bank warns rand could take hit amid global policy flux

By: Terence Creamer     10th January 2017 The World Bank has issued a warning that the South Africa currency could come under pressure in 2017, owing to heightened policy uncertainty in the US and Europe, which could constrain capital flows to emerging and frontier markets. However, the bank’s baseline projection is for the South African... 

Ferrum appoints new project manager, firms deal with chairperson

By: Megan van Wyngaardt     9th January 2017 Triple-listed metals project developer Ferrum Crescent has entered into a contract of employment with its executive chairperson Justin Tooth to replace interim arrangements agreed at the time of his appointment in December. The contract has no fixed term and may be terminated by either party on... 

Africa is poised for sustainable growth and development. But there are risks

     9th January 2017 As we know, growth accelerations are pretty commonplace among developing countries. Economist Ricardo Haussman and his colleagues identified 83 growth accelerations of eight consecutive years at 2% higher than the five-yearly average between the mid-1950s and early 2000s. But most growth... 

SA remains optimistic about 2017 economic growth forecast despite global slowdown, says Zuma

By: African News Agency      9th January 2017 The African National Congress is optimistic that South Africa will achieve a decent economic growth rate this year despite the slow recovery in the global economy, ANC President Jacob Zuma said on Sunday. Addressing supporters at the ANC’s 105th birthday celebrations at Orlando Stadium in Soweto,... 

Andrea Nono

By: Martin Zhuwakinyu     16th December 2016 This week we feature Andrea Nono, CEO of MTU South Africa, a company established in 2001 that is responsible for the Rolls-Royce Power System business in over 30 countries in Sub-Saharan Africa   

Outlook for renewable-energy IPPs in sub-Saharan Africa

     16th December 2016 South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPP) has been successful in contracting over 6 000 MW of additional generation capacity in four rounds since 2011. Given the need for additional generation capacity in sub-Saharan Africa generally, as well as... 

MTN partners with Engen to allow Rwandans to buy fuel using MTN Mobile Money

     15th December 2016 Engen customers in Rwanda can now purchase fuel, lubricants and other goods using MTN Mobile Money. With this launch, MTN Mobile Money customers will be able to make transactions at all 10 Engen service stations in Kigali, with an expected rollout to up-country service stations by early 2017.... 

AFRICA ENERGY INDABA 2017 brings together Africa’s leading women in energy

     13th December 2016 The third annual Women in Energy conference, organised by the Africa Energy Indaba, will bring together Africa’s leading women in the energy sector on Monday 20th February at the Sandton Convention Centre in Johannesburg. The Africa Energy Indaba was the first energy conference on the continent... 

Biometric company targets payment processing industry

By: Schalk Burger     9th December 2016 Biometric identification multinatonal Ideco aims to grow its presence in the $2-trillion- a-year global payment processing industry and increase the use of mobile biometric identification systems to secure and process mobile transactions. Mobile biometrics are predicted to generate $34.6-billion... 

Tamagotchi and Van der Bijl

By: Riaan de Lange     9th December 2016 November 23, twenty years to the day, which saw the sale of the first Tamagotchi, created in Japan by Akihiro Yokoi and Aki Maita. If you are old enough to remember, or even care to remember, it quickly became one of the biggest toy fads of the 1990s, particularly in the United States of America... 

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... 

Africa squandering its potential, head of UN agency tells UK Parliament

By: African News Agency      8th December 2016 Africa is a world leader in poverty and hunger due to a lack of committed leadership and rampant corruption, said Dr Kanayo F. Nwanze, president of the International Fund for Agricultural Development (IFAD), in an address to the upper house of the UK Parliament on Wednesday. Britain is a founding... 

Multispeed growth in Africa likely to change FDI patterns over the next few years

By: Anine Kilian     7th December 2016 Financial services advisory firm EY’s third instalment of its ‘Africa Attractiveness Program 2016’ report expects continued variable economic performance across Africa’s subregions. This follows from the sharp downward revisions in overall growth forecasts this year, mainly reflecting challenging... 

Prioritizing renewable energy and energy efficiency to accelerate growth in Africa

     7th December 2016 ABB supported a number of pledges signed by world leaders at COP21 in Paris, including a commitment to scale up renewable energy and help emerging economies transition their markets for energy efficient products. At COP22, ABB showed how this commitment translates into solutions and services that... 

Negative outlook for sub-Saharan Africa remains – Fitch

By: Creamer Media Reporter      6th December 2016 Continued fiscal and external pressures, compounded by rising government debt, weak economic growth and political instability in some countries, is keeping the 2017 ratings outlook negative for sub-Saharan Africa. However, some of the growth-offsetting factors, such as lower commodity prices,... 

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,... 

Hybrid gensets to complement renewable energy

By: Robyn Wilkinson     2nd December 2016 Generating set producer Aksa Power Generation South Africa (SA) will launch its hybrid generating set (genset) in South Africa in January next year, providing a standby power generating solution to the country that is able to run in parallel with renewable-energy sources. 

African countries should diversify exports, urges Davies

By: Megan van Wyngaardt     29th November 2016 Trade and Industry Minister Dr Rob Davies on Tuesday emphasised the importance of export diversification and industrialisation in Africa. Speaking in Addis Ababa, Ethiopia, where he was moderating the Africa Trade Week panel discussion on the Africa Growth and Opportunity Act (Agoa) and the... 

Exclusive rights for wastewater treatment acquired

By: Sascha Solomons     25th November 2016 Angolan oil and gas services company Friburge has acquired the exclusive rights to provide waste treatment solutions using wastewater treatment company Nature Oil and Gas’s technology in sub-Saharan Africa. The waste treatment solutions are on-board solutions to treat wastewater, or slops,... 

It’s the end of the world as we know it, and I feel fine

By: Riaan de Lange     25th November 2016 And I feel fine. These are the recurring lyric of the American rock band REM's song, which are an apt encapsulation of my feelings in the aftermath of what has been called Brexit  Part II, the seemingly unanticipated results of the US Presidential election. A few days since the election, on the... 

SA construction firms taking strain – study

By: Irma Venter     25th November 2016 The global multidisciplinary construction industry has been under growing pressure and the situation is no different in South Africa, says a Frost & Sullivan study, titled ‘Analysis of the South African Multidisciplinary Construction Industry within an African Context’. The study looked at the... 

Engen continues to drive construction of Reunion’s €1.6bn highway over the sea

     24th November 2016 In 2014 Engen Petroleum won a €960 000 tender to provide fuel to the mega construction project to build Reunion’s New La Nouvelle Route du Littoral, a 12km long “highway over the sea” that will connect the island’s two biggest cities – Saint Denis and La Possession - as well as the island’s port... 

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... 

The State of Energy in Africa

     23rd November 2016 Africa: a continent of vast natural resources is a continent woefully short of electricity. According to Mckinsey Global Institute's February 2015 report "Brighter Africa The growth potential of the Sub-Saharan electricity sector", access to electricity and the ability to consume electricity are... 

Ford Silverton assembly plant expansion project, South Africa

By: Sheila Barradas     18th November 2016 Ford Motor Company of Southern Africa has started production of the Everest sports utility vehicle at its Silverton plant, in Gauteng. 

Numerous upgrades to recently launched bakkie

By: Aarifah Nosarka     18th November 2016 Owing to ongoing local dealer and customer feedback, General Motors South Africa (GMSA) launched the Isuzu KB 2016 range, consisting of 17 models, in September. GMSA VP sales, service and marketing Brian Olson says the new KBs, which were shipped to dealers across sub-Saharan Africa in September,... 

Exports of SA-built Ford Everest starts, first vehicle to Kenya

By: Irma Venter     17th November 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,... 

Ericsson’s latest Mobility report shows Africa’s IoT potential

By: Natasha Odendaal     16th November 2016 Africa’s reliance on mobile technology, as opposed to fixed-line technology, is a significant contributing factor in the rapid growth of mobile subscriptions, with the continent accounting for 15-million of the 80-million new mobile subscriptions recorded in the third quarter. Nigeria has led the... 

LSFB’s 10-Year success in S.A.

     16th November 2016 Ten years ago light steel frame building was seen in South Africa as a strange new building method that challenged the brick- and – mortar mindset of local contractors. Well, perceptions and mindsets do change as new, exciting ideas are gradually proven as viable alternatives to accepted... 

Africa gets renewed broadband focus with Eutelsat offshoot

By: Natasha Odendaal     16th November 2016 Africa is set to benefit from a new broadband venture that aims to bridge the digital divide through the use of extensive, high-quality and affordable satellite infrastructure. Satellite communications provider Eutelsat’s newly established subsidiary Konnect Africa plans to deploy commercial... 

Transfer delays impact on Balwin’s otherwise solid H1 performance

By: Samantha Herbst     15th November 2016 Three property registration delays have impacted on Balwin Properties' otherwise glowing half-year results, according to the residential property developer, which saw a 36% decline in headline earnings a share and earnings a share to 37c respectively in the six months to August 31. The group’s... 

Local compaction equipment manufacturer invests in South Africa's future

By: Creamer Media Reporter      14th November 2016 Compaction Equipment, South Africa’s only designer and manufacturer of light to medium compaction equipment in its class of Walk-behind and Ride-on rollers, has recently been acquired by a consortium of investors, including its management, to expand manufacturing and distribution in Southern... 

Multidisciplinary construction industry sees sharp drop in market cap

By: Irma Venter     14th November 2016 The global multidisciplinary construction industry has been under growing pressure and the situation is no different in South Africa, says a Frost & Sullivan study, titled ‘Analysis of the South African Multidisciplinary Construction Industry within an African Context’. The study looked at the... 

Big recognition for small business at the 2016 South African Small Business Awards 

     10th November 2016 The accomplishments of the small business community in South Africa was in the spotlight as winners of the 2016 South African Small Business Awards were announced on 10 November at Montecasino in Fourways, Johannesburg.   In its eighth year, the South African Small Business Awards acknowledge the... 

Engen boosts customer convenience with water and biltong bars

     10th November 2016 Engen Petroleum, a leading producer and marketer of a wide range of fuels, lubricants and oil-based products has been busy trialling two fresh new concepts in selected outlets as a three-month trial, prior to extending the offerings across Southern African countries. The first is a concept called... 

South Africa has most construction projects on continent – report

By: Megan van Wyngaardt     9th November 2016 South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each. South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s 'Africa... 

Delays in South Africa weigh on growth of infrastructure group CIG

By: African News Agency      9th November 2016 Consolidated Infrastructure Group (CIG) on Wednesday recorded 19% profit growth, suggesting it would have been much higher had the “challenging” South African environment not weighed on “robust” business growth outside the country. The diversified pan-African infrastructure-focused group with... 

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