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Capital Gains Tax - The Inflation Bear Trap

     25th July 2017 Given the absence of inflation indexation, Capital Gains Tax (CGT) in South Africa (SA) is currently costlier than the published rate; the calculations below illustrate CGT becoming an all-encompassing problem if inflation rises further. Business owners and Boards of companies that are developing... 

Invicta to distribute Fenner’s products in Africa

By: African News Agency      25th July 2017 Invicta Holdings said on Tuesday that its subsidiary company, Bearing Man Group (BGM), has entered into a long-term agreement with Fenner Conveyor Belting to distribute Fenner's products in sub-Saharan Africa on an exclusive basis and on a nonexclusive basis in the rest of Africa. Invicta is an... 

IMF maintains world economic growth forecast

By: Natasha Odendaal     24th July 2017 The International Monetary Fund (IMF) on Monday maintained its global growth forecast at 3.5% for 2017 and 3.6% for 2018. Its latest World Economic Outlook update, published on Monday, shows economic activity in both advanced economies and emerging and developing economies accelerating this year... 

With drought threatening food security, farmers turn to drip irrigation 

By: Anine Kilian     21st July 2017 With the recent drought in Southern Africa compounding the unpredictable impact of climate change on food production, local farmers are converting to drip irrigation in an attempt to conserve water, using less to produce more, according to Crookes Brother’s Limited (CBL) MD Guy Clarke. During a... 

Red Metal Mining offers bespoke cast resin transformers

     21st July 2017 Diversified project engineering house, Red Metal Mining (RMM), is focused on the specialised design of cast resin dry-type transformers, mini substations, transformer enclosures and electrical automation systems required by mining and associated industries. “Wherever electricity is generated,... 

SBS Tanks

By: Zandile Mavuso     21st July 2017 As the global population increases, so too the global infrastructure naturally takes strain. With the combined issues of population growth and climate change, water supplies are becoming more and more tricky to manage. 

Russian nuclear giant in MoU with Africa’s young nuclear professionals

     19th July 2017 Russian energy group Rosatom today signed a Memorandum of Understanding on support and cooperation with the African Young Generation in Nuclear organisation, at the POWER-GEN & DistribuTECH Africa conference and exhibition in Sandton. Rosatom, participating in a one-day Nuclear Forum at POWER-GEN... 

Nuclear is essential to Africa’s energy mix – Rosatom 

By: Natasha Odendaal     19th July 2017 If Africa is to ensure it places itself on its expected path of becoming the future growth market of the world, nuclear energy needs to be included into its plans, as a lack of energy access is a major hurdle for the continent, Rosatom regional VP of sub-Saharan Africa Viktor Polikarpov said on... 

Hybrid solutions key for Africa’s energy growth  

By: Anine Kilian     19th July 2017 Solar photovoltaic (PV) hybrid technology is fast becoming a cost- and energy efficient solution for remote locations throughout sub-Saharan Africa. There is huge demand for electricity across the continent; however, poor and unreliable grid infrastructure is becoming a major challenge in... 

Opinion: Hybrid energy solutions can boost viability of African mines

     18th July 2017 In this opinion article, juwi Renewable Energies MD Greg Austin reflects on prospects in Africa for bilateral power purchase agreements for both grid-connected and behind-the-meter hybrid energy solutions 

Black-led energy investment firm encouraged by moves to restore IPP policy certainty 

By: Terence Creamer     17th July 2017 The head of a black-managed and led JSE-listed energy investment company says he is encouraged by the framework outlined by Finance Minister Malusi Gigaba for re-establishing policy certainty for the electricity sector and for independent power producers (IPPs). IPPs have been left in limbo since... 

Conformity assessment key to navigating disruption in the power sector

By: Robyn Wilkinson     14th July 2017 The power industry is a global community that has developed a strong habit of sharing best practice and discussing joint problems – making events like POWER-GEN & DistribuTECH Africa invaluable for advancing the sector in times of disruption, says testing, inspection and certification services... 

Event to advance renewable-energy models

By: Robyn Wilkinson     14th July 2017 POWER-GEN & DistribuTECH Africa is crucial to business development on a continent where there are chronic energy shortages and access to modern, affordable energy services is critical to developmental objectives, says South African Photovoltaic Industry Association (Sapvia) chairperson Davin Chown. 

Event to facilitate meaningful and relevant debate

By: Robyn Wilkinson     14th July 2017 The POWER-GEN & DistribuTECH Africa advisory board has gone to great lengths to ensure that this year’s conference programme is tailored to meaningfully address the issues most relevant to Africa’s power generation sector and supported by a showcase of suppliers who can practically assist in... 

Fast, affordable power key for oil and gas producers

     14th July 2017 Given the financial constraints facing the oil and gas industry, the ability to rapidly access affordable power generation that does not tie up capital could be what is needed to jump-start exploration and development activities across Africa, says energy solutions provider APR Energy regional... 

Focus shifts to power distribution

     14th July 2017 Global professional services provider Accenture resources MD and associate director Ken Robinson – who will be speaking at this year’s POWER-GEN & DistribuTECH Africa – says South Africa’s generation crisis is largely under control, but that power supply challenges loom in distribution. 

Three in 10 people around the world lack access to safe water

By: African News Agency      13th July 2017 Three in 10 people around the world lack access to safe and readily available water at home, and almost six in 10 do not have safe managed sanitation, a new United Nations report has revealed. The World Health Organisation (WHO) and the UN Children’s Fund (UNICEF) joint report “Progress on... 

Sub-Saharan Africa mobile users to exceed 500m by 2020

By: Anine Kilian     12th July 2017 More than 500-million people across sub-Saharan Africa will be subscribed to a mobile service by the end of the decade, a new report shows. The report ‘The Mobile Economy: Sub-Saharan Africa 2017’, which was published by GSMA on Wednesday, forecasts that the number of unique mobile subscribers in... 

Gas ‘would power SA growth’

     12th July 2017 A gas economy could significantly drive South African economic growth, and the discovery of substantial natural gas reserves in the Karoo would be akin to finding gold and sparking a new gold rush, speakers said at the opening of the 4th annual Africa LPG Summit and Natural Gas & CNG Africa Forum... 

Competition aims to unearth African energy startups

By: Creamer Media Reporter      11th July 2017 A competition aimed at identifying innovative startups in the field of electricity access in Africa has been launched, following an agreement between energy multinational Enel and Swiss-based Seedstars World, which facilitates startup competitions in more that 75 countries. Dubbed the ‘Africa... 

Sub-Saharan Africa remains home to riskiest mining sector – BMI

By: Creamer Media Reporter      10th July 2017 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the next few years on the back of policy uncertainty, underdeveloped infrastructure and political risk. BMI Research on Monday said that, overall, sub-Saharan Africa scored 38.9 points out of 100 – behind all other... 

Sub-Saharan Africa needs a ‘gas economy’

     10th July 2017 Natural gas should not be overlooked as a key solution to several sub-Saharan African energy challenges In the rush to adopt renewable energy, Africa may be overlooking the cost savings, efficiencies and lifestyle enhancing properties of gas, say experts participating in the upcoming Africa LPG... 

Women of AECOM help to champion its presence in Africa

     7th July 2017 AECOM’s executive committee has five female members out of 13, a record in terms of female representation at this management level for most companies in Africa, says Rashree Maharaj, the Marketing and Communications Director for AECOM Africa, who is helping to spearhead the company’s presence on... 

AfDB approves $15m equity investment to support inclusive growth

By: Mia Breytenbach     7th July 2017 The African Development Bank (AfDB) has approved a $15-million investment in multinational private equity fund Shore Capital Fund III (ShoreCap III), which promotes financial inclusion by supporting financial institutions serving Africa’s low-income and emerging middle-class communities. The... 

Automotive investment projects, South Africa

By: Sheila Barradas     7th July 2017 Volkswagen has unveiled the new, sixth-generation Polo that will be produced in South Africa, among other global production locations. 

M&A involving sub-Saharan Africa reach highest level in four years

By: Creamer Media Reporter      6th July 2017 The value of announced mergers and acquisitions (M&A) transactions involving sub-Saharan Africa during the first half of this year has reached $18.1-billion – the highest first-half level since 2013. Thomson Reuters’ quarterly investment banking analysis for the sub-Saharan Africa region found... 

Economic chaos fuels gold mining rush in war-torn South Sudan

By: Bloomberg     5th July 2017 After South Sudan’s peace deal collapsed, gun battles rocked the capital and soldiers ransacked his clothing store, Ahmed al-Nur faced the economic crisis in a trade that’s had an unexpected boost from the new wave of violence: gold. With inflation soaring and the currency collapsing, the... 

South Africa, Canada partnership awards C$1m to new research initiatives

By: Anine Kilian     4th July 2017 The South Africa–Canada Research Chairs Trilateral Partnership Initiative announced on Tuesday that it would award C$1-million to two new trilateral research chairs, including a South Africa-Canada-Kenya collaboration and a South Africa-Canada-Uganda collaboration. In addition, the South... 

Welding Alloys South Africa

     4th July 2017 To lead the market in engineered wear protection solutions and flux cored welding wire technology, Welding Alloys South Africa (WASA) is focused on responding to its customers’ needs. Part of the Welding Alloys group, which covers more than 150 countries through a network of 30 subsidiaries... 

Top level conference alongside the region’s finest supplier expo make Oil & Gas Africa 2017 a magnet for industry chiefs next week

     4th July 2017 Cape Town hosts one of the most important Oil & Gas sector events on the continent in 2017 with key industry speakers examining the present successes and the future of southern Africa’s energy sector Engineers from across Africa arrive in Cape Town next week for the Oil & Gas Africa 2017... 

South Africa’s iron-ore production to stagnate amid ‘unfavourable’ regulatory environment

By: Megan van Wyngaardt     3rd July 2017 An unfavourable regulatory environment is likely to result in South Africa’s iron-ore production stalling at 58-million tonnes a year for the next four years, research firm BMI said on Monday. In an outlook over the sub-Saharan Africa region’s iron-ore sector, BMI noted that the country would be... 

Firm reports growing demand for access control and video as a service

By: Schalk Burger     30th June 2017 Internet protocol-based security systems company Genetec is reporting growing interest in its Internet of Things (IoT) platform for access control and video as a service (ACaaS and VaaS) offerings in the sub-Saharan Africa region, says Genetec Africa regional sales manager Brent Cary. The... 

TNPA unveils R255m admin building at Ngqura

By: Megan van Wyngaardt     27th June 2017 State-owned Transnet National Ports Authority (TNPA) has unveiled a new R255-million administration building – eMendi – at the Port of Ngqura, in the Eastern Cape. Speaking at the unveiling, TNPA CEO Richard Vallihu said the 10 000 m2 building was named in reference to the SS Mendi troop ship... 

‘Significant implications’ for design of African power markets as renewables prices fall

By: Terence Creamer     26th June 2017 Recent renewable energy price reductions, together with sub-Saharan Africa’s (SSA’s) formidable solar and wind resources, have made solar and wind technologies the cheapest sources of power in several countries, which carries significant implications, a newly published academic paper argues, for... 

Fashion holds significant opportunity for Africa’s small businesses

By: Natasha Odendaal     26th June 2017 Leveraging Africa’s textiles and clothing industry, interspersed with the fashion industry, the African Development Bank’s (AfDB’s) new Fashionomics platform has the potential to create more jobs, stimulate the development of small businesses and generate millions in economic contributions over... 

EM introduces latest Italian electrical connection systems into SA

     26th June 2017 Cembre SpA, a leading Italian manufacturer of electrical connectors, crimping and cutting tools, railroad products, identification and labelling systems, concluded an exclusive distribution agreement with ElectroMechanica (EM) of Johannesburg on 1 March. The family-owned Cembre SpA has its main... 

South Africa To Maximise Opportunities In Sub-Saharan Africa To Further Re-Industrialisation

     23rd June 2017 South Africa’s re-industrialisation is inevitable, but crucial to this process will be investment led trade and regional integration with the country’s neighbours. With relative ease of access to Sub-Saharan Africa and an understanding of the region, South African manufacturers can get ahead of... 

Automakers eye fast-growing East Africa as they set up shop in Kenya

By: John Muchira     23rd June 2017 Global automakers have, in recent years, established assembly plants in Kenya as they seek to increase sales in East Africa, sub-Saharan Africa's fastest-growing region. East Africa, of which Kenya is the biggest economy, is projected by the World Bank to grow by 5.4% in 2017, compared with... 

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