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Haulage company offers discounted rates

By: Paige Müller     Updated 4 hours ago Standard and specialised load transportation company Transcon Haulers is offering a haulage discount rate on specific national routes in South Africa. “The special rates offering is aimed at maximising fleet productivity by securing useful loads for return journeys, for trailers that would... 

Investor interest in Africa’s power sectors remains significant

By: Jessica Oosthuizen     Updated 4 hours ago Despite the downturn in commodity prices that led to more subdued growth in several of Africa’s resource-intense economies, there is still significant investor interest in Africa’s power sectors, says multidisciplinary engineering consultancy WSP Africa power transmission and distribution... 

Smuggling shenanigans of jumbo proportions

By: Martin Zhuwakinyu     Updated 4 hours ago 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... 

Zambia shortlists five firms for majority stake in oil refinery

By: Reuters     16th April 2018 Zambia has short-listed five companies including Britain's Glencore Energy and Sahara Energy Resources to buy a majority stake in its only oil refinery, a state-owned firm said on Monday. The government-owned Industrial Development Corporation (IDC) has said it wants a strong strategic equity... 

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Mining regulation changes in sub-Saharan Africa will continue to fuel uncertainty – BMI

By: Simone Liedtke     16th April 2018 Changes to the mining regulations in various markets across sub-Saharan Africa will continue to fuel uncertainty among investors and pose downside risks to forecasts in the region, says market researcher BMI Research. Internal political and economic considerations, as well as a more favourable... 

Cradle Arc to sell Zambia gold assets to Singa Holdings

By: Simone Liedtke     16th April 2018 Africa-focused base and precious metals exploration and production company Cradle Arc has entered into an option agreement to sell its Matala and Dunrobin gold assets, in Zambia, to Singa Holdings Zambia. The assets are currently held by Cradle Arc subsidiary Luiri Gold Mines. 

Sense of optimism for greater industrialisation in Africa prevails – DTI

By: Simone Liedtke     13th April 2018 Regardless of barriers to trade between African countries, Department of Trade and Industry (DTI) African integration and industrial development chief director Nigel Gwynne-Evans believes there is currently a sense of far greater optimism among heads of State that these issues can be overcome.... 

Cazaly proceeds with Kaoko buy

By: Esmarie Swanepoel     13th April 2018 Metals developer Cazaly Resources on Friday confirmed that it would proceed with the acquisition of the Kaoko cobalt project, in northern Namibia. The ASX-listed company in March announced an option over the project. A due diligence has now confirmed the potential of the project, with Cazaly... 

SAA must look to Ethiopian Airlines

By: Martin Zhuwakinyu     13th April 2018 Late last month, the top brass at South African Airways (SAA) was in the National Assembly, briefing Parliamentarians about the perennial ills at the national carrier. New CEO Vuyani Jarana, who, together with board chairperson Johannes Magwaza, led the delegation, painted a rather depressing... 

Vedanta chairperson upbeat on Zambia’s growth prospects

By: Simone Liedtke     12th April 2018 Vedanta Resources chairperson Anil Agarwal on Thursday shared his views on a path to growth for subsidiary Konkola Copper Mines (KCM). He expressed confidence in what he sees as the start of an “African economic resurgence driven by various metals”. 

Galileo to raise £550 000 for Zambia drilling programme

By: Anine Kilian     12th April 2018 Aim-listed Galileo Resources will raise £550 000 through a share placement to fund a further drilling programme at its Zambia-based Star Zinc project. The 50-million new shares, which will be priced at 0.1p each, have been placed through the company’s broker Novum Securities.  

Vedanta’s Gamsberg mine remains on track

By: Simone Liedtke     11th April 2018 LSE-listed Vedanta Resources’ Zinc International business produced 157 000 t of zinc in the financial year ended March 31, in line with the 156 000 t produced in the prior financial year. The BMM operation, in South Africa, increased its mined zinc output by 3% year-on-year to 72 000 t, but the... 

Mining in sub-Saharan Africa region to remain riskiest globally – BMI

By: Simone Liedtke     11th April 2018 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the coming quarters as regulatory uncertainty rises in various markets across the region, says BMI Research. In addition to increasing regulatory uncertainty, the region will also witness challenges stemming from... 

Galileo upbeat on Star Zinc potential

By: Simone Liedtke     10th April 2018 Resource and development company Galileo Resources on Tuesday announced positive results from a further seven diamond drill holes (DDHs) from its current drilling programme on the Star Zinc project, in Zambia, in which the company has an 85% interest. The results include three DDHs showing... 

Mathe Group expands tyre recycling facility, despite Redisa demise

By: Irma Venter     9th April 2018 The Mathe Group’s Hammarsdale plant, in KwaZulu-Natal, has quadrupled employment and more than doubled output since coming on stream in 2016, says the tyre recycler. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in the Mathe Group,... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

Firm reiterates Africa’s importance as strategic region

     6th April 2018 Africa remains a strategic and promising business region for integrated infrastructure delivery company Aecom, and as the outlook for the continent remains positive, the company is ensuring it has the necessary staff and technical expertise to allow it to capitalise on growth opportunities. In... 

Membrane separation could save costs at GoviEx Madaouela project – Synexus

By: Marleny Arnoldi     5th April 2018 Incorporating membrane separation in the process plant design of the Madaouela uranium project, in Niger, could potentially result in operating and capital cost savings, project developer GoviEx Uranium said on Thursday, citing the results of a study performed by process engineering services... 

Kabwe mining licence reinstated – Jubilee

By: Anine Kilian     5th April 2018 The small-scale mining licence for the Kabwe lead/zinc/vanadium project, in Zambia, has been reinstated with immediate effect. This paves the way for AltX- and Aim-listed Jubilee Metals Group, in partnership with Aim-listed BMR Group, to begin with the joint execution of the project. 

Sub-Saharan African mining sector to continue facing illegal mining challenges, regulatory risks

By: Marleny Arnoldi     3rd April 2018 Widespread illegal mining activity and rising regulatory risks are two of the biggest challenges that will face the sub-Saharan Africa mining sector in the coming months, research and analysis firm BMI Research says.  

Listeria class action filed against South Africa's Tiger Brands

By: Reuters     29th March 2018 A class action lawsuit was filed on Thursday against South Africa's Tiger Brands, after one of its food factories was linked to a listeria outbreak that has killed 180 people since early 2017, the lawyer running the case said. Richard Spoor, a human rights advocate who previously masterminded a... 

Nampak mulls sale of glass business

By: Simone Liedtke     29th March 2018 JSE-listed packaging company Nampak plans to dispose of its glass business, as market demand exceeds the operation’s capacity to supply products, given ongoing production limitations. Progress within the business has not been as fast as desired and it is expected to make a loss for the half year... 

Profit at China's Jinchuan International surges on higher cobalt, copper prices

By: Reuters     28th March 2018 Chinese miner and metals trader Jinchuan Group International Resources said on Tuesday its 2017 net profit was almost five times bigger than a year earlier due to higher cobalt and copper prices. Jinchuan, which operates the Ruashi copper and cobalt mine, in the Democratic Republic of Congo, and... 

Africa needs private investment to meet energy needs – Radebe

By: Simone Liedtke     27th March 2018 The cost of meeting sub-Saharan Africa’s power demand has been estimated at about $14-billion a year and cannot be met by public funding alone. Although public utilities have historically been the major sources of funding for new power generation capacity, South African Energy Minister Jeff... 

Nigeria to consult before deciding on African trade zone

By: Reuters     27th March 2018 Nigeria decided not join an Africa free trade zone last week because it needs to carry out more consultations at home first, the government said on Tuesday. Other leaders agreed to form a zone encompassing 1.2-billion people, but 11 countries including the continent's biggest economy, Nigeria,... 

Massmart to open 20 stores in Pan-African expansion – chairperson

By: Reuters     27th March 2018 South African retailer Massmart is continuing its Pan-African expansion with plans to open about 20 new stores outside its home market over the next three years, the company's chairman said on Monday. Massmart, majority-owned by US retail giant Wal-Mart, operates nearly 400 stores, including 42... 

SADC Ministers meet in Pretoria with focus on industrialisation

By: African News Agency      26th March 2018 The Southern African Development Community (SADC) Council of Ministers meeting in Pretoria should explore ways of cooperating to intensify industrialisation in the region to boost economic growth, South Africa’s Minister of International Relations and Cooperation Lindiwe Sisulu on Monday. Sisulu,... 

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... 

Radebe to address power roundtable in April

     23rd March 2018 South Africa’s power sector has again entered a period of uncertainty after a planned signing ceremony for 27 independent power producers (IPPs) failed to materialise on March 13, following a legal challenge by the National Union of Metalworkers of South Africa. The court case, planned for March... 

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... 

As commodities roar, Africa wants bigger slice of mining pie

By: Bloomberg     22nd March 2018 One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting... 

First Quantum steadies as CEO hopeful of escaping giant tax bill 

By: Bloomberg     21st March 2018 First Quantum Minerals recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9-billion tax bill in Zambia - which includes $5.7-billion in interest. First Quantum received a letter from the Zambia... 

Zambia targets 1Mt of copper output this year

By: Reuters     20th March 2018 Zambia expects to produce more than one-million tonnes of copper this year after revising its 2017 copper production upwards on the back of stable power supply, a senior ministry of mines official said on Tuesday. Rising copper prices were also expected to boost revenue collection in Africa's... 

Zambia picks Unitel unit as fourth mobile operator

By: Reuters     20th March 2018 Zambia has selected a unit of Dutch company Unitel International Holdings as the country's fourth mobile phone service provider, the communications regulator said on Monday. The Zambia Information and Communications Technology Authority (ZICTA) said in a statement that Unitel had pledged to... 

AECOM reiterates Africa’s importance as a strategic business region

     20th March 2018 Africa remains a strategic and promising business region for AECOM. While the outlook for the continent remains positive, the integrated infrastructure delivery company is ensuring it has the necessary staff and technical expertise to allow it to capitalise on growth opportunities. In West... 

Bell Equipment delivers significantly better results

By: Marleny Arnoldi     16th March 2018 Heavy equipment manufacturer Bell Equipment has delivered significantly improved results in 2017, with profit rising to R272.1-million, from R38.6-million in 2016 when the company recorded operating losses of R185-million from its African operations outside South Africa.  

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