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Nigerian wins the Africa Prize for Engineering Innovation

By: Anine Kilian     26th May 2017 Nigerian systems engineer Godwin Benson has won £25 000 as the winner of the Africa Prize for Engineering Innovation. He developed an online digital platform called Tuteria, which links students to qualified tutors in their area and within their budget. Users find the skill they want to learn on... 

BMI lowers DRC gold production outlook

By: Megan van Wyngaardt     26th May 2017 Lower-than-expected output from the Democratic Republic of Congo’s (DRC's) gold industry during 2016, paired with a weak project pipeline in the coming years, has resulted in research firm BMI revising its gold production forecast for the country up to 2021, downwards. The research firm put the... 

Innovation focus results in double-digit growth

     25th May 2017 Omron South Africa experienced record growth in fiscal year 2016, despite the tough economic environment, reveals Country General Manager Victor Marques. Apart from effective target-market strategy implementation, this success was also largely due to ongoing innovation at the automation leader,... 

Rezidor Group targets 60% jump in Africa hotels by 2020

By: Reuters     23rd May 2017 Sweden's Rezidor Group plans to increase by 60% the number of hotels it operates in sub-Saharan Africa to 120 in the next four years to take advantage of growing business travel, its regional head said on Tuesday. The company has been focusing on Africa due to growing demand for well-known... 

Rhodes Food attributes strong interim results to organic growth

By: Megan van Wyngaardt     23rd May 2017 JSE-listed Rhodes Food on Tuesday posted a 14.6% year-on-year increase in net profit to R125-million for the six months ended April 2, while headline earnings rose 15.9% to R126-million. The food producer attributed the growth to sustained strong organic growth in the regional segment, with fresh... 

Connected Products. Connected Industries. One IoT Solution. ThingWorx.

     22nd May 2017 With the evolution of connected products and connected industries; ThingWorx alone offers the ability to provide an end-to-end IoT solution. ThingWorx is the first software platform designed to build and run the applications of the connected world. ThingWorx reduces the time, cost, and risk... 

Sub-Saharan Africa middle class represents R1.3tr a month market

By: Megan van Wyngaardt     19th May 2017 A University of Cape Town (UCT) Unilever Institute of Strategic Marketing initiative, the African Lions research project, has established that the sub-Saharan African middle class, comprising around 100-million people, represents a R1.3-trillion a month market and is growing. Carried out... 

US awards grant to SA renewable energy company

By: African News Agency      19th May 2017 The US Trade and Development Agency has awarded a grant to Pele Green Energy, a South African independent power developer based in Johannesburg. Wednesday’s grant funds a feasibility study to assess the viability of a 75 MW solar photovoltaic power plant in the Free State province of South... 

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group aims to build on its 115-year heritage to become a “leading, Tier 1, infrastructure player in South... 

Neutral Internet exchange point reaches 170 Gb/s and five-year milestones

By: Schalk Burger     19th May 2017 Data centre company Teraco’s neutral Internet exchange point (IXP) peering subsidiary NAPAfrica has grown to 170 Gb/s with 386 members since 2012, and is ranked as the third-largest IXP in the southern hemisphere, says Teraco CEO Lex van Wyk. The NAPAfrica IXPs are collocated in all Teraco data... 

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company, conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group, aims to build on its 115-year heritage to become a “leading, tier one, infrastructure player in... 

Upgrades in pipeline for valve manufacturing facility

By: Marleny Arnoldi     19th May 2017 Since valves manufacturer AVK Southern Africa’s (AVK SA’s) acquisition of valves manufacturer Gunric in December last year, AVK has taken full control of Gunric’s manufacturing facility in Robertville, Gauteng.  

Young innovative entrepreneurs offer renewable-energy solutions

By: Johane Turkstra     19th May 2017 State-owned power utility Eskom’s Development Foundation’s yearly Business Investment Competition (BIC) continues to discover businesses bringing about positive socioeconomic changes to the benefit of communities and the country. The latest such business is solar energy company Lamo Solar, which... 

Stefanutti Stocks’ FY earnings drop as settlement with govt plays out

By: Megan van Wyngaardt     18th May 2017 Construction company Stefanutti Stocks has swung to an operating loss of R106-million for the financial year ended February 28, compared with a profit of R392-million the year before, “reflecting the challenging trading environment”. Contract revenue from operations decreased by R611-million to... 

INDUTEC 2017 Day 1 – where brilliant engineering meets clever innovation

     18th May 2017 Visitors to the first day of the expo in Johannesburg has the chance to see some of the world’s best pumping systems and meet top experts under one roof South Africa’s leading mining pump supplier enjoyed a good first day at Africa’s leading industrial technology and supply expo. 

World Bank cautions African utilities against mounting debt 

By: Kim Cloete     17th May 2017 A survey undertaken by the World Bank has shown that less than half of the utilities in sub-Saharan Africa are able to cover their operating expenditures and that several countries lose in excess of $0.25 for every kilowatt-hour that gets sold.  The sobering assessment of the financial health of... 

Absence of Eskom CEO rattles opening of African Utility Week 

By: Kim Cloete     16th May 2017 Despite great anticipation ahead of his address, reinstated Eskom CEO Brian Molefe did not open the annual African Utility Week, in Cape Town, as planned. The CEO was scheduled to be the keynote speaker at the opening plenary, attended by several thousand energy and water experts, but pulled out... 

Balwin delivers solid year-end results, sustains property demand

By: Mia Breytenbach     15th May 2017 Residential property developer Balwin Properties has achieved a solid financial performance in the year ended February 28, with headline earnings a share and earnings a share up by 7% to 141c. The group’s profit for the period improved by 18% year-on-year to R661-million, while revenue rose 30%... 

Why the future of Africa’s water and oil sectors is a key focus of INDUTEC 2017

     15th May 2017 From pumping systems designed in a 3D virtual world to the world’s biggest pipe producer – for three days this week Johannesburg is home to cutting edge innovation. Africa’s leading industrial technology and supply expo INDUTEC 2017 opens its doors at 10am on Wednesday (May 17). INDUTEC is also... 

Cement and concrete affected by faltering construction industry

By: Tasneem Bulbulia     12th May 2017 The construction industry in South Africa – which is tied directly to the state of cement and concrete – is stuttering, but there is scope to improve, says chemicals solutions provider Chryso Southern Africa (Chryso) CEO Norman Seymore. It has been widely reported that the construction industry... 

Nampo provides ideal platform to penetrate region

By: Victor Moolman     12th May 2017 With aspirations to start distribution of its agriculture products across sub-Saharan Africa, Industrial equipment supplier Vermeer believes the Nampo Harvest Day is an ideal platform to promote its products to the market. 

Revamped stand to encourage positive customer experience

     12th May 2017 Industrial gases company African Oxygen, well known as Afrox, will be featuring a revamped stand at the Nampo Harvest Day show, from May 16 to 19, in the Free State, to enable its agriculture customers to view and experience welding machines and equipment in a proper environment. 

Welding Alloys South Africa

     12th May 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... 

Omnia takes majority stake in Umongo for R780m

By: Megan van Wyngaardt     11th May 2017 Chemicals company Omnia Holdings is acquiring a 90% stake in Umongo Petroleum to strengthen its chemicals cluster. The R780-million transaction was a logical step in Omnia’s development, group FD Wayne Koonin pointed out on Thursday, adding that Umongo would complement the company’s existing... 

Modest rebound in sub-Saharan Africa growth to be boosted by recedence of 2016 growth mitigating factors – IMF

By: Megan van Wyngaardt     9th May 2017 Growth momentum in sub-Saharan Africa remains fragile, the International Monetary Fund (IMF) says, noting that, with policy response being "behind the curve", pressures on sovereigns rising and spillovers to the private sector intensifying, the near-term outlook for growth in the region is likely... 

FAO to lead Africa’s intervention against fall armyworm

By: Anine Kilian     5th May 2017 The United Nations Food and Agriculture Organisation (FAO) has been tasked with coordinating control and management interventions to combat the fall armyworm infestation in Africa. Centre for Agricultural and Biosciences International sanitary and phytosanitary coordinator Dr Roger Day estimates... 

BMW regional distribution centre and headquarters expansion projects, South Africa

By: Sheila Barradas     5th May 2017 BMW Group South Africa plans to invest in a new regional distribution centre and expand its Midrand headquarters. 

Company to extend financial services into East and West Africa

By: Robyn Wilkinson     5th May 2017 As part of its strategic ambition to position itself as a leading Pan-African financial services leader, specialised financial services group Alexander Forbes is exploring opportunities for expansion in East and West Africa, as well as further afield in greenfield countries such as Morocco. 

Portable power and solar solutions manufacturer to launch in SA

By: Mia Breytenbach     5th May 2017 US-based portable power and solar manufacturer Goal Zero will launch its product range in South Africa through local multichannel distributor Wintec Solutions this month. Goal Zero has been developing a line of sustainable portable power solutions and lighting accessories since 2010, with its... 

Report identifies key areas for growth in Africa

By: Robyn Wilkinson     5th May 2017 Well-balanced economies that have shown steady performance over an extended period present key opportunities for growth and development in Africa, while those with high political risk will continue to fail to instill confidence in foreign direct investors, says trade credit insurer Coface. 

SA world’s 53rd most competitive travel and tourism destination

By: Riaan de Lange     5th May 2017 South Africa is the fifty-third most competitive travel and tourism destination in the world, according to the World Economic Forum's (WEF's) 'Travel & Tourism Competitiveness Report 2017', released on April 5. The Travel & Tourism Competitiveness Index, or TTCI, which consists of four... 

SBS Tanks

By: Zandile Mavuso     5th May 2017 As a proudly ISO 9001:2008 accredited company, tank manufacturer SBS Tanks is truly an industry leader in liquid storage not only in sub-Saharan Africa, but in the rest of the continent as well. 

Utility expo to highlight off-grid project developments

By: David Oliveira     5th May 2017 African Utility Week, taking place from May 16 to 18, in Cape Town, will showcase how the continent is creating innovative, home-grown solutions for its energy and water challenges, and how these are creating opportunities for utilities and industry suppliers. The event will give voice to the... 

Wireless communication to drive economic growth in Africa

By: Robyn Wilkinson     5th May 2017 Large-scale information communication technology (ICT) investment can play a crucial role in fuelling gross domestic product growth through increased economic activity, innovation and productivity, but government, the private sector, donors and civil society need to take bolder steps to... 

World Bank cuts sub-Saharan Africa’s 2017 growth forecast

By: Bloomberg     5th May 2017 The World Bank cut its growth projection for sub-Saharan Africa this year because of weak expansion in the region’s three biggest economies. The area’s gross domestic product will expand 2.6 percent in 2017, the bank said in a copy of its Africa Pulse report. That compares with a January... 

Afrox expands Mozambique – Maputo business

     4th May 2017 Afrox, sub-Saharan Africa’s leading industrial gases and welding company, is expanding existing operations in Mozambique to support current customer demand and to position itself to service the country’s fledgling gas resources sector. Driving Afrox’s strategy is a new 8 600sqm headquarters hub... 

African countries must create conducive environment to attract more infrastructure investment

By: Shirley le Guern     4th May 2017 Development finance institutions, banks and private investors are collectively sitting on trillions of dollars in capital that could be invested into African infrastructure projects if they were offered returns commensurate with the perceived higher risk environment, Africa50 CEO Alain Ebobisse... 

Africa investment outlook promising – survey

By: Natasha Odendaal     3rd May 2017 A new survey has shown that the investment outlook across Africa, particularly Eastern and sub-Saharan Africa, is becoming more “promising” as countries yield marketing successes to international investors. About three-quarters of the respondents to independent global business advisory firm FTI... 

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