R/€ = 15.82 Change: -0.02
R/$ = 13.74 Change: -0.09
Au 1262.90 $/oz Change: -10.25
Pt 863.50 $/oz Change: 2.18


SMEs invited to apply for grant funding

By: Nadine James     20th June 2018 A new application round has opened for the R12.8-million Growth Fund to boost small and medium-sized enterprise (SME) growth and job creation. The Growth Fund is a grant fund specifically aimed at growing South African SMEs that need a cash injection to scale up their businesses and create jobs.   

#WaterCrisis: SewTreat Produces Unbelievable Water Savings for Cape Town’s One&Only Resort

18th June 2018 SewTreat has completed the installation of a waste water treatment plant at the One&Only Cape Town that will result in a 40kl saving in municipal water per day. This translates to a phenomenal R114 000 per month reduction in water costs for the well-known V&A Waterfront hotel. Along with numerous... 

High Court lifts interim order against MC Mining's Makhado project

By: African News Agency      18th June 2018 MC Mining, previously known as Coal of Africa, on Monday said it welcomed a high court decision to lift an interim order against the company's environmental authorisation for the Makhado hard coking and thermal coal project. The court had in 2014 granted the Vhembe Mineral Stakeholders Forum and... 

Uganda puts down deposit for six aircraft

By: John Muchira     15th June 2018 In a significant step towards reviving its defunct national carrier, Uganda has paid deposits for six aircraft – four Bombardier CRJ900 and two wide-body Airbus A330-200 jets. jretsThis comes after the East Africa nation made an initial cash deposit of $1,2-million for the purchase of six... 

WWF calls on airline industry to help stop the trafficking of wildlife

By: Kim Cloete     14th June 2018 The World Wide Fund for Nature (WWF) has called on airlines and airports to work together to stop widespread wildlife trafficking.   “Wildlife trafficking is a global challenge. The very existence of wildlife is being threatened,” WWF private sector engagement team director Afsoon Namini, told... 

More airlines fly into Cape Town, connecting countries in Africa

By: Kim Cloete     13th June 2018 Two African airlines have launched flights to Cape Town over the past month, bringing more business and tourism opportunities to the Mother City. Kenya Airways launched a nonstop direct flight from Nairobi to Cape Town on June 6. The new service operates a Boeing 737-800. This is in addition to... 

Unilever backs sustainability promise with R50m biomass boiler

13th June 2018 Boiler sees over 30% reduction in CO₂ at Maydon Wharf Factory South Africa’s largest fast-moving consumer goods manufacturer, Unilever, unveiled a R50-million biomass boiler at its historic Maydon Wharf Factory in Durban. 

Upgraded Main Road 118 brings relief to residents of Oranjemund, Namibia

12th June 2018 VKE Namibia Consulting Engineers, part of the SMEC Group, was contracted by the Namibian Roads Authority to carry out the design work and to supervise the construction phase of the Main Road 118 upgrade. The SMEC Group is a global consultancy delivering engineering excellence, design innovation... 

Davies bemoans corruption’s undermining of industrial policy capability

By: Marleny Arnoldi     11th June 2018 Trade and Industry Minister Dr Rob Davies on Monday said corruption undermines industrial policy capabilities.  

GDP shock will lead to revision of optimistic growth predictions – Nene

By: News24Wire      8th June 2018 The shock contraction of gross domestic product (GDP) in the first quarter will mean a downward revision of optimistic predictions for growth in 2018, Finance Minister Nhlanhla Nene has said. Nene on Friday addressed the Directors Event, a conference attended by some 300 business leaders in... 

China supports African industrialisation – Ambassador 

By: Rebecca Campbell     8th June 2018 Industrialisation is necessary for Africa to achieve sustainable development. "Only by realising sustainable development could Africa escape foreign interference." These points were made by Chinese Ambassador to South Africa Lin Songtian at the Africa Institute of South Africa-Human Sciences... 

MinRes infrastructure project progresses

By: Esmarie Swanepoel     8th June 2018 ASX-listed Mineral Resources (MinRes) was expecting a State Agreement for its planned Pilbara infrastructure project before the end of the year. The company on Friday said that it was currently in negotiations with the Department of Jobs, Tourism, Science and Innovation on the terms of the State... 

De Beers concludes R600m transport empowerment deal at Venetia diamond mine 

By: Martin Creamer     8th June 2018 Diamond-mining company De Beers Consolidated Mines (DBCM) has concluded the process of selecting six local black economic empowerment (BEE) partners as part of an impressive R600-million-to-R700-million, eight-year transport empowerment initiative at the Venetia diamond mine in South Africa’s... 

Rwanda says mineral export earnings rose to $373m last year

By: Reuters     5th June 2018 Earnings from Rwanda's mineral exports more than doubled to $373-million last year from the previous 12 months, supported by a rebound in global prices of commodities, a top official said. After meeting sector players in the capital Kigali on Tuesday, Francis Gatare, chief executive at Rwanda... 

Iata, Afraa in MoU deal to advance aviation in Africa

By: Natasha Odendaal     4th June 2018 The International Air Transport Association (Iata) and the African Airline Association (Afraa) have teamed up to pave the way for further development in the African aviation sector. A memorandum of understanding (MoU) signed in Sydney, Australia, this week deepens the cooperation between the... 

Civil society seeks to protect Mpumalanga water source from coal mining impact

By: Simone Liedtke     31st May 2018 New legal proceedings have been launched in the Mbombela High Court against Atha-Africa Ventures’ proposed development of the Yzermyn coal mine inside a protected area and strategic water resource area, in Mpumalanga. A coalition of eight community and civil society organisations have lodged a... 

Brics’ New Development Bank approves six project loans totalling $1.6bn

By: Marleny Arnoldi     29th May 2018 Multilateral development bank, the New Development Bank (NDB), on Monday held its third yearly meeting of the NDB board of governors (BoG) and the fourteenth meeting of the NDB board of directors (BoD), in Shanghai, China.  

Australia-EU FTA an opportunity to remove tariffs on resources trade

By: Esmarie Swanepoel     23rd May 2018 The Australian resources sector has welcomed the start of free trade agreement (FTA) negotiations between Australia and the European Union (EU), with the Minerals Council of Australia (MCA) saying it would present a significant opportunity to boost trade, investment and economic engagement... 

African economies urged to take advantage of current global economic upturn

By: Marleny Arnoldi     22nd May 2018 PricewaterhouseCoopers chief economist Lullu Krugel says South Africa and African countries have a three-year window to “move and shape” and take advantage of economic growth opportunities during a global economic upturn.  

Africa offers great opportunities for business aviation

By: Rebecca Campbell     22nd May 2018 There are significant growth opportunities for business and charter aviation in Africa. Already, there are 481 registered private jets in Africa and the continent's year-on-year business aviation growth is 44%. So highlighted ExecuJet Aviation Group GM: Flight Operations Philip du Preez at the... 

Proposed Mpumalanga SEZ to boost provincial economy, skills development

By: Simone Liedtke     21st May 2018 Trade and Industry Minister Dr Rob Davies has approved a recommendation that the Nkomazi Special Economic Zone (SEZ), in Mpumalanga, be designated and has called on the public and interested parties to comment on the proposed designation by June 28. The application for the designation of the... 

Africa’s air traffic liberalisation journey continues, after 30 difficult years

By: Rebecca Campbell     18th May 2018 In November 1988, the Ministers responsible for civil aviation in 40 African countries agreed a declaration on a new African air transport policy. This was immediately designated the Yamoussoukro Declaration, after the city in which it was adopted (the capital of Ivory Coast). Among other things,... 

Africa’s air traffic liberalisation journey continues, after 30 difficult years

By: Rebecca Campbell     18th May 2018 In November 1988, the Ministers responsible for civil aviation in 40 African countries agreed a declaration on a new African air transport policy. This was immediately designated the Yamoussoukro Declaration, after the city in which it was adopted (the capital of Ivory Coast). Among other things,... 

UK airline to launch direct Durban–London air link

By: Rebecca Campbell     18th May 2018 The Dube TradePort Special Economic Zone has announced that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is located... 

Promise and perils

By: Terence Creamer     18th May 2018 While President Cyril Ramaphosa was having a breakfast meeting with his Economic Cluster Ministers at Genadendal last week, to deliberate on ways to deliver on the $100-billion-investment goal, the International Monetary Fund (IMF) released a report highlighting just how important investment is... 

Alternative energy continues to power Robben Island

By: Kim Cloete     17th May 2018 A solar and lithium-ion microgrid installed on Robben Island last year has produced 650 000 kWh of solar energy so far. Since adopting a green system, the island has produced an average of 3 250 kWh/d of power, says SOLA Future Energy CEO Dominic Wills. 

Home Affairs launches new biometric system as it pursues lofty ideals

By: Schalk Burger     16th May 2018 Home Affairs Minister Malusi Gigaba on Wednesday launched an Automated Biometric Identification System (ABIS), in Cape Town, which will identify and verify citizens using fingerprint, facial recognition and iris biometrics. “ABIS is a fundamental baseline for the broader National Identification... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs

16th May 2018 The full text of Public Enterprises Minister Pravin Gordhan’s Budget Vote speech to Parliament on May 15. In it, the Minister warns that it has become evident that several State-owned companies (SOCs) will not be able to trade and borrow their way out of their financial difficulties and that some... 

Government releases its tenth Industrial Policy Action Plan 

By: Kim Cloete     15th May 2018 The government has released its Industrial Policy Action Plan (Ipap) 2018, with a sharp focus on deepening industrial development, speeding up radical economic transformation and increasing the ability to produce higher value-added products. Trade and Industry Minister Dr Rob Davies said it was... 

Importance of vocational education underscored at summit

By: Nadine James     10th May 2018 South Africa should focus on developing and implementing post-school education and training (PSET) programmes that create the quickest pathways to employment for the country’s youth, attendees at the third Human Resource Development Council (HRDC) were told. Private investment group Yellowwoods... 

Direct Durban-London air link to be launched by UK carrier

By: Rebecca Campbell     8th May 2018 The Dube TradePort Special Economic Zone announced on Tuesday that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is... 

Jonas, Tshabalala join MTN board

By: Natasha Odendaal     7th May 2018 Former Deputy Finance Minister Mcebisi Jonas and consulting and investment holding company Barbican Advisory Group executive director Bajabulile Tshabalala will join the board of telecommunications heavyweight MTN as nonexecutive directors, effective June 1. Tshabalala and Jonas bring extensive... 

A monarch’s costly whim

By: Martin Zhuwakinyu     4th May 2018 It is safe to say that many readers of this column now know that what used to be the Kingdom of Swaziland is now the Kingdom of eSwatini, which means ‘the place of the Swati people’. The name change, announced by King Mswati III last month, during celebrations to mark 50 years of independence... 

Wesgro says helps land R1.92bn in film & media productions in the Cape

By: African News Agency      3rd May 2018 Nine film and media declarations contributing R1.92-billion to Cape Town and the entire Western Cape province's economy were facilitated in the 2017/2018 financial year by the film and media promotion unit of Wesgro, the city's tourism, trade & investment promotion agency. In a statement, Wesgro... 

DTI completes R50m Phase 1 upgrade of Phuthaditjhaba Industrial Park

By: Simone Liedtke     3rd May 2018 The Department of Trade and Industry (DTI) has completed the R50-million Phase 1 revitalisation of the Phuthaditjhaba Industrial Park in the Free State. The revitalisation comprised the upgrading of the security infrastructure including fencing, street lighting, installation of boom gates,... 

Morrocan king to sign trade, mining deals with Congo republic

By: Bloomberg     26th April 2018 Moroccan King Mohammed VI will sign a series of investment agreements in a visit to Congo Republic this weekend, Environment & Tourism Minister Arlette Soudan-Nonault said. Mohammed will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund,... 

Smuggling shenanigans of jumbo proportions

By: Martin Zhuwakinyu     20th April 2018 It must have been music to the ears of animal rights proponents and conservationists when the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) reported in October last year that significant gains had been made in the fight against elephant poaching on the... 

Durban Cruise Terminal project, South Africa

By: Sheila Barradas     20th April 2018 The Transnet National Ports Authority and the KwaZulu Cruise Terminal signed an agreement that will result in the construction of the cruise terminal at the entrance to the Port of Durban.  

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