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Alrosa reopens office in world’s largest diamond jewellery market

By: Creamer Media Reporter      22nd May 2018 Russian diamond miner Alrosa has successfully held its first auction in two years in the US, following the recent reopening of its representative office in New York. The New York office was first opened in 2006, but has not operated since 2016. 

The scramble for Somalia

By: Martin Zhuwakinyu     18th May 2018 The Horn of Africa nation of Somalia is better known as the poorest country on earth, with a per capita gross domestic product of $400, and for lacking a coherent government since the 1991 ouster of Mohamed Siad Barre as President. What many do not remember is that it was one of the first newly... 

Barakah nuclear energy plant, United Arab Emirates

By: Sheila Barradas     18th May 2018 Emirates Nuclear Energy Corporation is building the United Arab Emirates' first nuclear energy plant. 

Stefanutti Stocks’ FY operating loss widens on impairment

By: Simone Liedtke     17th May 2018 JSE-listed Stefanutti Stocks’ operating loss widened to R451-million for the financial year ended February 28, compared with the R106-million loss incurred in the prior financial year. The company on Thursday reported that goodwill and intangible assets of R667-million had been impaired,... 

UAE trader looking to expand into gold refining in Africa

By: Reuters     15th May 2018 Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday. The group, headquartered in the United Arab Emirates, is seeking a total investment of $246-million for the... 

NNR conference a key stakeholder platform for nuclear industry

By: Melissa Zisengwe     11th May 2018 State-owned entity National Nuclear Regulator (NNR) will host its second nuclear regulatory information conference at the Indaba Hotel & Conference Centre, Johannesburg, from May 16 to 18. The key themes for this year’s conference are the energy mix; safety and security culture; lessons learned... 

Iran's gold demand set for spurt before Trump sanctions bite

By: Bloomberg     9th May 2018 Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as US sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd. After a previous set of sanctions was imposed on Iran in 2012, it took two years for the... 

We have the ocean, so why not use it?

26th April 2018 It’s South Africa’s greatest irony – a country ravaged by drought, that’s surrounded by ocean. Home to one of Africa’s busiest ports, it seems almost nonsensical that a country so economically dependent upon the ocean should be facing a water crisis. And yet, in 2018, South Africa’s water woes... 

Trend to use ‘green’ refrigerants to future-proof air-con systems

25th April 2018 The trend to use R32 refrigerant in air-conditioning systems as a ‘green’ alternative to R410A is a good example of the global impact of the phasedown programme initiated by the Montreal Protocol and Kigali Agreement. The Kigali Amendment, signed on 15 October 2016, includes specific targets and... 

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... 

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger     13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... 

Crude flexibility project, United Arab Emirates

By: Sheila Barradas     6th April 2018 Abu Dhabi National Oil Company plans to introduce crude processing flexibility at its Ruwais oil refinery, in Abu Dhabi. 

Tyrexpo Africa 2018: Africa’s gateway to the continent’s Tyre Community coming in April 2018

23rd March 2018 Over 2,500 international, regional and local tyre manufacturers, OEMs, distributors, dealers, retailers fleet operators and garage owners will convene at Tyrexpo Africa (co-located with GarageXpoAfrica), to be held at the Gallagher Convention Centre Hall 2, Johannesburg on 10 – 12 April 2018 The... 

Early days, but some SA firms responding to Zimbabwe’s open-for-business pledge

By: Martin Zhuwakinyu     23rd March 2018 Robert Mugabe may no longer be at the helm of Zimbabwe Inc, but the mess he created over his 37-year rule remains – the country’s infrastructure is, for the most part, in a sorry state, its economy is moribund and unemployment has reached ridiculously high levels, with figures as high as 90%... 

Early days, but some SA firms responding to Zimbabwe’s open-for-business pledge

By: Martin Zhuwakinyu     23rd March 2018 Robert Mugabe may no longer be at the helm of Zimbabwe Inc, but the mess he created over his 37-year rule remains – the country’s physical and social infrastructure is, for the most part, in a sorry state, its economy is moribund and unemployment has reached ridiculously high levels, with figures... 

Renewables advisory firm still bullish on South African prospects despite setbacks

By: Terence Creamer     16th March 2018 International renewable-energy advisory firm K2 Management remains convinced that, despite recent setbacks, the role of wind and solar will continue to rise in the South African electricity mix. Therefore, the company is preparing to expand its presence in the country, as well as the rest of... 

Saudi Arabia enlists lobbyists in quest to build nuclear plants

By: Bloomberg     9th March 2018 Saudi Arabia is enlisting blue-chip lobbyists in Washington as it prepares for a fight over its ambition to build nuclear power plants. Three law firms have filed disclosures saying they are advising the kingdom on the issue, as American and Saudi leaders negotiate the contours of a possible... 

Business, Academia Reach New Heights Through Collaboration

5th March 2018 Through its technical services arm – the Centre for Product Excellence – construction materials leader AfriSam has been showing what is possible when business collaborates with bright young minds at universities. Partnering with the University of Johannesburg (UJ) in recent years, AfriSam has... 

Only one Brics leader among those who made early calls to Ramaphosa

By: Rebecca Campbell     2nd March 2018 Not one of the five world and regional leaders who formed the first group to phone new South African President Cyril Ramaphosa on Sunday February 18, to hold preliminary discussions with, and to congratulate, him came from a Brics (Brazil, Russia, India, China and South Africa) group country. Two... 

Water preservation and treatment industry expected to grow

By: Simone Liedtke     2nd March 2018 Water preservation and treatment industries - from harvesting rainwater to the recycling of grey water and purification to potable water, as well as desalinating sea water - will vastly grow in importance globally, says Johannesburg-based valve manufacturer and supplier AVK Holding Southern... 

Ghana to tighten controls on gold exports to protect revenues

By: Reuters     28th February 2018 Ghana will certify the value of gold exports as part of efforts to tighten controls on the sector to ensure the state receives the revenues it is due, the vice president said on Tuesday. Ghana, Africa's second largest gold miner after South Africa, earned $5.78 billion from exports of the metal... 

No Brics leader among those who first phoned President Ramaphosa, on Sunday

By: Rebecca Campbell     19th February 2018 Not one of the five world and regional leaders who formed the first group to phone new South African President Cyril Ramaphosa on Sunday to hold preliminary discussions with, and to congratulate, him came from a Brics (Brazil, Russia, India, China and South Africa) group country. Two of the... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Jasco delivers weaker H1 results

By: Natasha Odendaal     12th February 2018 JSE-listed Jasco Electronics on Monday posted weaker first-half financial results as the company faces tough market conditions. For the six months ended December 31, Jasco reported an 81% decline in headline earnings per share (HEPS) to 1.2c and a fall of 68% in earnings per share (EPS) to 2c. 

Former Eskom CFO Singh accused of lying and stonewalling at inquiry

By: African News Agency      24th January 2018 Former Eskom chief financial officer Anoj Singh was accused of lying about who paid for his travels to Dubai and ducking questions about suspect transactions he approved in his testimony before the parliamentary inquiry into the power utility on Tuesday. After more than four hours of questions... 

New ‘power-to-X’ prospects may arise as renewables costs continue to fall

By: Terence Creamer     15th January 2018 The outlook for solar and wind electricity costs to 2020 “presages historically low costs for new renewable electricity”, which could create new economic and industrial opportunities, a new International Renewable Energy Agency (Irena) report argues. Released in Abu Dhabi, the United Arab... 

UAE to resume flights to Tunis, ending row over ban on women

By: Reuters     5th January 2018 The United Arab Emirates said on Thursday it would resume flights to Tunisia after an exchange of security information, resolving a row over a ban on female Tunisian passengers. A statement by the foreign ministry on state news agency WAM said the decision was taken in light of extensive... 

Emirates stops flying to Tunisia

By: African News Agency      27th December 2017 Emirates airline says it has stopped flying to Tunisia as of Monday after the North African country said it had banned flights from the United Arab Emirates (UAE) carrier, Reuters reports. Emirates announced the move on Sunday two days after Tunisian government officials accused the United Arab... 

Space mining is getting close to reality 

By: Rebecca Campbell     15th December 2017 Space mining – the mining of bodies and other worlds in outer space for minerals and other natural resources – remains within the realm of science fiction. For now. But, during the younger years of most of the world’s current senior mining executives, personal communication devices (cellphones)... 

Cummins To Power Up Middle East Electricity 2018 With Latest Products

11th December 2017 Cummins will showcase its latest QSG12 genset at the 2018 Middle East Electricity (MEE). This represents a major advantage for Tier 4 Final and Stage IV equipment installations by restoring the envelope size of the QSM11 predecessor used for Tier 3 and Stage IIIA applications. Higher-efficiency... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

Battling threat of sugar tax, excessive imports and low price

By: Victor Moolman     8th December 2017 The large amount of sugar being imported into South Africa has caused the country’s sugar industry, which may soon be further compromised by the introduction of a sugar tax, to start exporting sugar at world market prices to offload excess sugar, which it is unable to sell locally. While opposing... 

India Trade Ministry is said to seek lower tax on diamond miners

By: Bloomberg     7th December 2017 India’s Trade Ministry is seeking a cut in taxes for overseas diamond miners to boost trading in the world’s largest hub for polishing the gems, people with knowledge of the matter said. The Commerce Department in a letter to the Finance Ministry has sought to scrap levies and instead... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC), in... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC) in... 

Power underpins wave of African industrialisation

24th November 2017 Power is closely tied to a surge of new infrastructure projects and rapid industrialisation across Africa, with significant opportunities still open to the power sector, delegates heard at a briefing for key power sector stakeholders in Sandton this week. Infrastructure spend across Africa will... 

Stefanutti Stocks’ diversified structure providing stability

By: Irma Venter     24th November 2017 Despite challenging trading conditions, Stefanutti Stocks on Thursday reported an 18% increase in operating profit, to R119-million, for the six months ended August  31. Revenue for the period also grew 18%, to R5.2-billion, up from R4.4-billion in the comparable period last year. 

Tax, spend, squander provide toxic backdrop for nuclear plans

By: Keith Campbell     24th November 2017 On November 7, France ran out of money. Or, rather, France ran out of its own money; that is, it ran out of all the money the French State had gathered in taxes and other imposts. Between November 7 and December 31, the French State is running on borrowed money. This fascinating calculation was... 

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