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Renewable grids present investment opportunity

By: Paige Müller     15th February 2019 The recent trend towards the development of renewable energy, including those based on smart grids and microgrids in Africa, has encouraged the establishment of a new renewable energy equity fund. With the Africa Energy Indaba set to take place from February 19 to 20 at the Sandton Convention... 

Isuzu consolidates truck and bakkie manufacturing plants

By: Tasneem Bulbulia     14th February 2019 Isuzu Motors South Africa has consolidated its truck and bakkie manufacturing plant – relocating its truck production facilities from Kempston Road, in Port Elizabeth, to its new headquarters in Struandale, Port Elizabeth, where all truck and bakkie manufacturing will now take place. The... 

South Sudan to return to pre-war oil production levels by mid-2020 – Minister

By: Reuters     11th February 2019 South Sudan will return to producing more than 350 000 bbl/d of crude by the middle of 2020, up from current levels of just over 140 000 bbl/d currently, the country's oil minister said on Sunday. Production is expected to rise to 270 000 bbl/d by the end of 2019, Oil Minister Ezekiel Lul... 

Metals, engineering sector set for third consecutive year of growth – Seifsa  

By: Tasneem Bulbulia     8th February 2019 The metals and engineering sector is set to grow for the third consecutive year in 2019, despite the past year having been generally challenging for both the global and domestic economies. This is according to the Steel and Engineering Industries Federation of Southern Africa (Seifsa), which... 

IWMSA aligns with IFAT Africa to support industry collaboration

7th February 2019 The Institute of Waste Management of Southern Africa (IWMSA) has signed a Memorandum of Understanding with Messe Muenchen South Africa, organisers of IFAT Africa, to collaborate on the 2019 exhibition and conference. IFAT Africa is the leading environmental technology trade fair in sub-Saharan... 

Rand-Air oil-free compressors assist luxury motor vehicle manufacturer’s ‘drive’ to achieve a perfect finish

4th February 2019 For any company it is gratifying when customers request repeated service. When that customer is of the calibre of a well-known luxury motor vehicle manufacturer, it is a very sound endorsement indeed! Leading local provider of portable air and power Rand-Air was recently requested to hire two... 

Sub-Saharan Africa Eurobonds to perform better this year

By: Reuters     1st February 2019 Eurobonds from sub-Saharan Africa will perform better this year even though debt levels in some parts of the region are ballooning, as diminishing prospects for further U.S. interest rate hikes support demand, a Reuters poll found. All but one of ten analysts surveyed this week said it would be a... 

Rand-Air oil-free compressors assist luxury motor vehicle manufacturer’s ‘drive’ to achieve a perfect finish

1st February 2019 For any company it is gratifying when customers request repeated service. When that customer is of the calibre of a well-known luxury motor vehicle manufacturer, it is a very sound endorsement indeed! Leading local provider of portable air and power Rand-Air was recently requested to hire two... 

Buses using natural gas to curb fuel costs

By: Halima Frost     1st February 2019 Since the initial introduction of natural gas vehicles (NGV) in South Africa, natural gas supplier CNG Holdings has successfully converted about 180 dual-fuel compressed natural gas- (CNG-) run buses for the City of Johannesburg (CoJ). This makes Johannesburg one of the first cities in... 

IFAT Africa features broader scope

1st February 2019 IFAT Africa, a trade fair for water, sewage, refuse and recycling, will have a broader scope this year, as the event is colocated for the first time with food & drink technology Africa (fdt Africa) and analytica Lab Africa. Presented by international exhibition organiser Messe München, IFAT... 

No time for a ‘wait and see’ approach in SA manufacturing 

31st January 2019 Foreign investors and South African industry players seem to be taking a ‘wait and see’ approach to industrial and manufacturing growth, putting the country at risk of falling behind its neighbours. However, investment in automation now could help boost the manufacturing sector, with benefits for... 

UK Minister for Africa Harriett Baldwin in SA for bilateral talks

By: African News Agency      31st January 2019 The United Kingdom (UK) Minister of State for Africa, Harriett Baldwin will arrive in Johannesburg on Thursday for a two-day visit to South Africa, the British High Commission said. Baldwin is set to hold talks with senior South African government officials, the business sector and civil society... 

EXEO Capital buys 36% stake in juice maker Jumbo Brands

By: African News Agency      30th January 2019 Private equity manager EXEO Capital on Wednesday announced that their Agri-Vie Fund II has acquired a 36.5 percent stake of South African non-alcoholic beverage manufacturer, Jumbo Brands.  Avril Stassen, a senior partner at EXEO Capital, said Agri-Vie Fund II has had its eye on an investment... 

Volkswagen signs agreement with Ethiopia to develop auto industry

By: Irma Venter     29th January 2019 Volkswagen has signed a memorandum of understanding (MoU) with the government of Ethiopia to deliver a joint vision for the development of an automotive industry in the East African country. The MoU was signed by Volkswagen sub-Saharan Africa region head Thomas Schaefer and Ethiopian Investment... 

Investors will continue to invest in solar

By: Halima Frost     25th January 2019 Specialist banking company Investec Bank will continue to offer funding to viable projects in the renewables sector as solar photovoltaic (PV) technology becomes more cost effective. Southern Africa – more notably the Northern Cape province, in South Africa, and Namibia – is considered as one of... 

Expanded products portfolio leads to new opportunities

By: Cameron Mackay     25th January 2019 New markets and opportunities have arisen after technical solutions provider BMG expanded its products portfolio with the addition of Fenner conveyor belting products last year. “BMG decided to sign a long-term agreement in 2018 with polyvinyl chloride (PVC) solid woven conveyor belting products... 

Improved film helps extend solar panel lifetime

By: Halima Frost     25th January 2019 With a focus on continuous innovation, science multinational DuPont is developing a new and improved clear Tedlar film to increase efficiency and the life of a solar panel well beyond the industry standard of 30 years. The Tedlar film is made of polyvinyl fluoride polymer – which is a more... 

Kropz anticipates first phosphate ore from long-awaited Elandsfontein by year-end   

By: Marleny Arnoldi     23rd January 2019 Aim-listed emerging phosphate producer Kropz is finalising the design of processing plant upgrades at its 74%-owned Elandsfontein project, in South Africa, with first ore to be produced by the end of the year. The mine will ramp up to steady-state production of one-million tonnes a year during... 

BI, Gondolier collaborate on Jonnesway toolbox for farmers

22nd January 2019 Such is the relationship between leading distributor Bearings International (BI) and Gondolier, importer of Jonnesway Professional Tools, that the two companies have collaborated on a toolbox aimed at the specific requirements of the agricultural industry. This comprehensive toolbox, containing... 

ISAF Ithubalethu launches IPO for student accommodation  

By: Tasneem Bulbulia     21st January 2019 Inkunzi Student Accommodation Fund (ISAF) Ithubalethu is aiming to counter the shortage of affordable student accommodation, while enabling access to the property market for the general public, and delivering returns to investors, ISAF Ithubalethu CEO Owen Nkomo outlined on Monday, during a... 

AGCO to take farm mechanisation into rural African communities

By: African News Agency      21st January 2019 Global agriculture company AGCO has launched an initiative to take farm mechanization deep into rural communities in Africa to facilitate food security and unlock the potential of small-scale farming. AGCO, a worldwide manufacturer and distributor of agricultural equipment, unveiled the Farm in a... 

Investec, UK Climate Investments kickstart renewable energy vehicle with R1bn

By: Marleny Arnoldi     17th January 2019 Investec Bank and UK Climate Investments have committed a combined R1-billion to a dedicated renewable energy investment vehicle Revego Africa Energy. Revego Fund Managers (RFM) – a newly incorporated black-owned and managed fund manager – will be responsible for managing Revego’s investments... 

Corruption, weak governance hinders sub-Saharan Africa’s economic growth – IMF

By: Marleny Arnoldi     16th January 2019 Countries in sub-Saharan Africa could strengthen their economic performance by improving governance and reducing corruption, a working paper published by the International Monetary Fund (IMF) has found. The paper, titled ‘A Governance Dividend for Sub-Saharan Africa?’ stated that countries in... 

Eskom warns of 'debt trap' as it pleads for 15% hike  

By: Kim Cloete     14th January 2019 Eskom CEO Phakamani Hadebe has apologised for the severe predicament Eskom is in, but has pleaded for an electricity tariff increase of 15% over the next three years.   Hadebe made the call at the opening of public hearings into electricity tariffs held by the National Energy Regulator of South... 

Helios Towers enters South Africa with Vulatel partnership

By: Bloomberg     14th January 2019 Helios Towers entered the South African market by forming a partnership with Vulatel to build out wireless and fixed-line infrastructure in the country. Helios Towers expects South Africa to lead the way on 5G rollout in sub-Saharan Africa, it said in a statement on Monday. 

Rosatom invites African students to apply for nuclear studies scholarships in Russia

By: Tasneem Bulbulia     14th January 2019 Russian nuclear energy corporation Rosatom on Monday announced that applications were open for scholarships for African students to help develop the next generation of African nuclear scientists and engineers. The scholarships fund tuition fees in full and living expenses in part. 

We must apologise to South Africans for 'avoidable' challenges – Eskom CEO 

By: News24Wire      14th January 2019 Eskom's 15% tariff increase for the next three years may seem steep, but Eskom has run into challenges which it cannot solve alone, CEO Phakamani Hadebe said. The executive made opening remarks at the National Energy Regulator of South Africa's (Nersa) nationwide public hearings, which kicked off... 

Africa’s telco industry sees a mobile-powered 2019, but 5G still on the agenda

By: Natasha Odendaal     10th January 2019 Sub-Saharan Africa is experiencing a rapid shift from second-generation (2G) to fourth-generation (4G) mobile technology, driven by improved infrastructure and access to cost-effective smartphones. The continent is increasingly becoming connected, with mobile broadband expected to account for 87%... 

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... 

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