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CEO Initiative to support government’s investor outreach at October summit

By: Terence Creamer     18th September 2018 The CEO Initiative is putting its weight behind President Cyril Ramaphosa’s plans for increasing levels of investment and stimulating growth in the recession-afflicted South African economy. The CEO Initiative draws in business leaders from various sectors and rose to prominence during Pravin... 

Laser scanning awareness increased in industries

By: Jessica Oosthuizen     14th September 2018 Local engineering and architecture clients are becoming increasingly aware of the concept of laser scanning and the benefits of using it to capture and define real-world spaces into accurate three-dimensional (3D) models, says laser scanning company ArchiScan director Anthony Keyter. “Laser... 

Easing of water restrictions will restore international investor confidence in Cape Town

By: News24Wire      13th September 2018 The easing of the stringent water restrictions will restore international confidence in Cape Town as a destination for tourism and investment, say business leaders. But it will take hard work getting the message out there. Tim Harris, CEO of Wesgro, the agency that promotes tourism, trade and... 

Parliament to debate recession, fuel price hikes

By: News24Wire      12th September 2018 Parliament will debate record fuel prices and ideas for economic revival on Wednesday afternoon.  Last week Stats SA announced that SA had slipped into a technical recession - defined as two successive quarters of negative economic growth - for the first time since 2009.  

Water Research Commission urges SA to 'get in first' and develop the iceberg project

By: News24Wire      11th September 2018 The Water Research Commission believes that within 20 years, countries will be towing icebergs from the Antarctic to supplement their water supplies. It also believes if South Africa does not get in first, the country will lose out to other countries in developing the new technology - as it had... 

DMR approves amended EA for MC Mining’s Makhado project

By: Simone Liedtke     11th September 2018 The Department of Mineral Resources (DMR) has approved the environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. The approval by the DMR follows confirmation earlier this month that the Limpopo Department of Economic Development, Environment and... 

MC Mining to negotiate EPC package with Chinese group

By: Marleny Arnoldi     6th September 2018 Coal miner MC Mining has signed heads of agreements with Chinese construction group China Railway International Group (CRIG) to negotiate an engineering, procurement and construction (EPC) contract for the Makhado project, in Limpopo. Under the terms of the agreements, MC Mining and CRIG will... 

Measures to support economic growth in the pipeline – Cabinet

By: African News Agency      6th September 2018 A stimulus package to boost the South African economy will be announced "within a short period of time", Communications Minister Nomvula Mokonyane said on Thursday. Briefing the media on Wednesday's fortnightly cabinet meeting, Mokonyane said a host of measures would be taken in an attempt to... 

Northern Territory’s 5-point plan to build a gas industry

By: Esmarie Swanepoel     6th September 2018 The Northern Territory government has revealed a five-point gas strategy to drive its vision of creating a world-class hub for gas production, manufacturing and services, by 2030. The strategy will be aimed at getting more liquefied natural gas (LNG) in Darwin, and expand the Darwin LNG export... 

Hotel group Hilton opens $100m Society Business Park in Zambian capital

By: African News Agency      4th September 2018 Luxury hotel group Hilton has opened the refurbished 20-floor mixed-use development Society Business Park which houses Hilton Garden Inn in the Zambian capital Lusaka. In 2011, Zambia National Building Society (ZNBS) and the National Pension Scheme Authority (NAPSA) entered into a 20-year... 

Limpopo authorities approve amended EA for MC Mining’s Makhado project

By: Marleny Arnoldi     3rd September 2018 The Limpopo Department of Economic Development, Environment and Tourism (Ledet) has approved amendments to coal miner MC Mining’s 2016 environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. MC Mining’s subsidiary Baobab Mining & Exploration, which... 

Inequality, poverty worsening as broader unemployment rate rises – Uasa

By: Marleny Arnoldi     3rd September 2018 Despite South Africa’s past goals and targets to find solutions to its unemployment crisis, such as the government’s plan to halve unemployment by 2014, the unemployment rate is not declining at all. Instead the number of unemployed people has increased from 6-million to 9.6-million between... 

Politics hamper African airlines’ growth potential

By: Jessica Oosthuizen     31st August 2018 The African airline sector has significant potential for growth, but it is not growing sufficiently because of various issues, such as stringent regulatory frameworks, says flag carrier airline Air Mauritius Southern Africa and Latin America regional GM Carla da Silva. Government policies in... 

Graskop Gorge glass elevator project, South Africa

By: Sheila Barradas     31st August 2018 The Graskop Gorge Lift Centre was opened in July. 

KZN Manufacturing Indaba 2018 Primes Manufacturers for Success

30th August 2018 Prime movers and participants of the nation’s manufacturing sector attended the Kwazulu Natal Manufacturing Indaba  in record numbers at the Durban International Convention Centre (ICC) on the 22 August 2018. The annual event assembled provincial manufacturers and businesses to explore growth... 

Sibanye expects Lonmin competition finality October 

By: Martin Creamer     27th August 2018 Precious metals mining company Sibanye-Stillwater expects Competition Commission finality on its proposed acquisition of platinum company Lonmin in October, following the closure of its transaction with surface gold mining company DRDGold, which is expected to make a positive contribution to... 

Govt to invest R1.7bn to drive biodiversity economy, environmental protection

By: Marleny Arnoldi     27th August 2018 Government will invest R1.7-billion into the People and Parks Programme project, bioprospecting and the wildlife economy, through the Environmental Protection and Infrastructure Programme, over a period of three years. The investment forms part of the Operation Phakisa Biodiversity Economy... 

President Ramaphosa to host UK Prime Minister May 

By: African News Agency      27th August 2018 President Cyril Ramaphosa will on Tuesday host British Prime Minister Theresa May on a working visit to South Africa.  "The working visit follows bilateral meetings between President Ramaphosa and Prime Minister May during the Commonwealth Heads of Government Meeting (CHOGM) in London from 19 to... 

Graskop Gorge Lift Centre to boost Mpumalanga tourism

By: Simone Liedtke     24th August 2018 Tourism Minister Derek Hanekom on Friday officially opened the Graskop Gorge Lift Centre, which features a viewing lift that travels 51 m down the face of the Graskop Gorge, located along the Panorama route, in Mpumalanga. The Panorama route is a popular tourist destination in the province,... 

African cacao-producing country starts making top-quality chocolate

By: Rebecca Campbell     24th August 2018 Cooperation between a South African and a British business has resulted in the establishment of the first ever chocolate factory in the West African island state of São Tomé e Príncipe. The enterprises are HBD Venture Capital (HBD standing for “Here Be Dragons”), an enterprise of South African... 

BBBEE Commission to host first Women Empowerment Conference

By: Simone Liedtke     17th August 2018 The Broad-Based Black Economic Empowerment (BBBEE) Commission will host its first Women Empowerment Conference, in Pretoria, on August 24. The conference, held under the theme ‘Advancing Women Economic Empowerment through the BBBEE Act’, will be addressed by Trade and Industry Minister Dr Rob... 

Agni Steel SA expansion project, South Africa

By: Sheila Barradas     17th August 2018 Agni Steel has received authorisation for its phase 2 and 3 expansion plans. 

Unctad, Alibaba say Africa is ripe for e-commerce opportunities

By: Marleny Arnoldi     8th August 2018 Across Africa, e-commerce platforms flanked by payments, logistics, tourism and big data partners, are beginning to lift local economies, says e-commerce giant Alibaba’s Business School and the United Nations Conference on Trade and Development (Unctad), which co-hosted the Netrepreneurs: The... 

R400m boost for small-scale fishing industry and tourism in W Cape

3rd August 2018 The national Department of Public Works (DPW) has teamed up with the Coega Development Corporation (CDC) on the roll-out of the first phase of the upgrade of 13 Western Cape harbours worth R400-million. The project – known as the Small Harbours Programme – spearheaded by the DPW and implemented... 

SA’s bioeconomy should be multipronged

By: Saliem Fakir     3rd August 2018 The fact that South Africa does not have a White Paper or a holistic bio-economy strategy is the biggest of ironies, given that a vast variety of biological life and biodiversity can be found across the country. This is a sector with the highest labour intensity.   The aggregate value of the... 

MeerKAT highlights importance of funding

By: Rebecca Campbell     27th July 2018 The official inauguration of the 64-dish MeerKAT radio telescope array in the middle of this month was a wonderful landmark in the history of both science and technology in South Africa. It marked the culmination of years of hard work and innovation by South African scientists and engineers, and,... 

South Africa signs $14bn trade agreements with China 

By: African News Agency      24th July 2018 President Cyril Ramaphosa said on Tuesday that the South African government had signed several agreements, including memorandums of understanding on investments, amounting to $14.7-billion with China. Various government departments signed agreements with the Chinese government in areas such as... 

China–South Africa investment continues to grow

By: Anine Kilian     23rd July 2018 Trade and investment between China and South Africa remains on a positive growth trajectory, Standard Bank CEO Sim Tshabalala said on Monday. Addressing delegates at a media briefing marking the tenth anniversary of the strategic partnership between Standard Bank and the Industrial and Commercial... 

SA’s ambitious Youth Employment Service starts taking shape  

By: Marleny Arnoldi     20th July 2018 The Youth Employment Service (YES) aims to create one-million jobs within three years to help alleviate the situation of six-million unemployed youths in South Africa, 60% of whom reside in townships and rural areas. YES was established by the CEO Initiative, which is a partnership created... 

SA’s ambitious Youth Employment Service starts taking shape 

By: Marleny Arnoldi     20th July 2018 The Youth Employment Service (YES) aims to create one-million jobs within three years to help alleviate the situation of six-million unemployed youths in South Africa, 60% of whom reside in townships and rural areas. YES was established by the CEO Initiative, which is a partnership created... 

SARB keeps repo rate unchanged, downgrades growth projection

By: News24Wire      19th July 2018 The South African Reserve Bank's (SARB's) monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision.  The announcement, made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday afternoon, was in line with expectations of... 

Trudeau moves Sohi to Natural Resources, Carr to head up International Trade Diversification

By: Mariaan Webb     18th July 2018 Canadian Prime Minister Justin Trudeau on Wednesday announced significant changes to his Cabinet, moving around several current Ministers, appointing four new ones and creating three new portfolios. Amarjeet Sohi has been moved from the Infrastructure portfolio to Natural Resources, succeeding... 

Revolutionary solar-power desalination plant could provide cheaper option, but it needs space

By: News24Wire      18th July 2018 The new solar-powered desalination plant under construction at Witsand on the southern Cape coast will produce water at a cost of only R7 to R8 a kilolitre. This is less than a quarter of the cost of water from Cape Town's temporary desalination plant at Strandfontein. Water from the... 

Multimillion-rand French funding deal for drought-stricken Western Cape still needs environmental approval

By: News24Wire      16th July 2018 A nearly R9-million joint desalination project between the Western Cape government and the French government still needs the required environmental approval for operation in November. The solar-powered desalination plant, the first of its kind, will be located in the coastal town of Witsand on... 

UAE pledges $10bn in investment, South Africa says

By: Reuters     16th July 2018 The United Arab Emirates (UAE) has pledged to invest $10-billion in South Africa's economy, including the tourism and mining sectors, the South African presidency said on Saturday. Saudi Arabia committed a similar sum with a focus on energy during a Middle East visit by South African President... 

Travel between SA and Spain boosted by renewed air link

By: Rebecca Campbell     13th July 2018 The reintroduction of direct flights between Johannesburg and Madrid by Spanish flag-carrier airline Iberia in August 2016 has resulted in a significant boost in travel between South Africa and Spain. This was reported by Airports Company South Africa Assistant General Manager (Client and... 

Positive outlook for manufacturing in KZN

12th July 2018 According to jobs portal CareerJunction, in its index for the month of May 2018, the finance and manufacturing sectors have seen a recent upswing in hiring activity. This is a clear indication that the manufacturing sector could be entering a turnaround in fortune. In the National Development... 

Rising minerals and fuel exports propel Australian trade to record high

By: Esmarie Swanepoel     10th July 2018 Australia’s total trade in goods and services reached a record A$763.2-billion in 2017, new data from the Department of Foreign Affairs and Trade has found. The Composition of Trade, Australia 2017 found that the value of Australia’s goods and services exports rose 14.8% to A$386.7-billion in... 

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