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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... 

IFC study finds climate pact helped open up $23tn in emerging market opportunities

By: Creamer Media Reporter      8th November 2016 A study released on Tuesday by the International Finance Corporation (IFC), a member of World Bank Group, shows that the historic global agreement on climate change adopted in Paris last year helped open up nearly $23-trillion in opportunities for climate-smart investments in emerging markets... 

Africa-bound vehicle exports down 54% in first eight months of 2016

By: Irma Venter     4th November 2016 New-vehicle exports from South Africa into the rest of Africa fell dramatically in the first eight months of the year.   Exports reached 32 080 trucks, bakkies and cars from January to August 2015, dropping a whopping 54% in 2016, to 14 723 units.   The decline follows a drop in exports from 78... 

Custom-made hoses to be used by railway groups

     4th November 2016 Benoni-based automotive tyre and industrial rubber products producer Dunlop Industrial Products has a high penetration in the African continent where it supplies custom-made solutions, such as the design and supply of vacuum and air brake hoses for State-owned utility Transnet, Passenger Rail... 

Lithuania seeking trade partnership with South Africa

By: Keith Campbell     4th November 2016 The first ever trade mission to South Africa from Lithuania, although small, represented no fewer than six sectors of the latter country’s economy. The just-concluded mission is part of the small European country’s programme of diversifying its trade and investment partners and expanding into the... 

Sound planning, partnerships critical for success of Africa’s gas-to-power initiatives

By: Creamer Media Reporter      4th November 2016 Africa is home to one of the greatest future energy sources – gas. Continuous exploration and talks, combined with gas’s low carbon make-up, have paved the way for a potentially powerful emerging gas-to-power market.  However, bringing gas-to-power facilities on line involves a complex process of... 

Oil, gas activity in sub-Saharan Africa nosedives

By: Megan van Wyngaardt     2nd November 2016 As oil prices continue to plunge, capital investment budgets in the oil and gas industry in sub-Saharan Africa for the next five years have also been cut by $100-billion, Wood Mackenzie's latest report on upstream activity in the region reveals. Deepwater suffered the biggest capital expenditure... 

SADC’s dependence on South Africa’s trade corridors slows

By: Natasha Odendaal     2nd November 2016 South Africa is at risk of being left behind as its neighbours ramp up port and corridor development and rapidly reduce their dependence on the Southern African powerhouse’s trade routes. With continued infrastructure-led growth, the changing dynamics in the Southern African Development Community... 

The future of integrated and connected road-based transport beyond 2030

     31st October 2016 Transportation remains one of the most important sectors for its potential influence on most other industries and growth in the economy. As much of South Africa’s transportation is still road-based, the country needs to ready itself to take advantage of the Fourth Industrial Revolution – doing... 

African telecoms market to reach $51bn in six years

By: Megan van Wyngaardt     28th October 2016 Sub-Saharan Africa’s telecommunication services market will be worth $51-billion in 2021, with retail telecoms revenue set to grow at a compound annual growth rate of 4.1% between 2015 and 2021, a new Analysys Mason report reveals. Karim Yaici, a senior analyst at the research firm, noted that... 

Automotive investment projects, South Africa

By: Sheila Barradas     28th October 2016 BMW SA, Ford Motor Company of Southern Africa and Volkswagen South Africa Group are undertaking multibillion-rand investment programmes to increase capacity at their respective assembly plants. 

Company sees potential for growth in wind energy

By: Kimberley Smuts     28th October 2016 Owing to Southern Africa’s vast coastline and high winds, energy distributor Vert Energy believes that there are plenty of opportunities for the wind power division of its business to grow, in both the residential and independent power producer (IPP) sectors. Vert Energy MD Grant Robertson... 

Ford begins local production of sports utility vehicle

By: Irma Venter     28th October 2016 Ford Motor Company of Southern Africa (FMCSA) has started production of the Everest sports-utility vehicle (SUV) at its Silverton plant, in Pretoria. The introduction of the Everest to the assembly line means the Ford plant becomes a two-vehicle assembly facility. The plant currently produces the... 

WindAc Africa to spark wind energy discussions

     28th October 2016 The South African Wind Energy Association (Sawea) highlights that a unique opportunity is arising for the first time for academics and researchers to share knowledge on wind energy in Africa, in the form of the first academic conference – WindAc Africa –  on the subject to be held on the... 

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