R/€ = 15.79 Change: 0.00
R/$ = 13.22 Change: 0.00
Au 1294.74 $/oz Change: 0.00
Pt 933.00 $/oz Change: 0.00


Legislation, without enforcement, is useless in combating poaching in Africa – expert

By: African News Agency      22nd September 2017 Passing legislation, which is not backed up by competent law enforcement on the ground, will not save Africa’s wildlife from the scourge of poaching, an expert said on Thursday. Speaking at ENACT’s World Rhino Day seminar of the Institute for Security Studies (ISS) and Interpol, panellist Tapuwa... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     22nd September 2017 Zambezi River Authority is rehabilitating the Kariba dam to ensure its longevity. 

Zimbabwe's Jan-August gold production rises 10%

By: Reuters     21st September 2017 Zimbabwe's gold production rose 10% in the first eight months of this year to 14.6 t, buoyed by higher output from small and informal producers, official data showed on Thursday. Gold is Zimbabwe's single largest mineral export. 

Premier sells forestry interests to focus on lithium, tungsten assets

By: Creamer Media Reporter      20th September 2017 Multicommodity mining and natural resources development company Premier African Minerals will sell its 52% interest in TCT Industrias Florestais (TCT IF), which principally owns a limestone deposit and forestry interests, in Mozambique, to Amire Glory. Aim-listed Premier will retain a 50%... 

Sibanye-Stillwater announces $450m convertible bond offering

By: Martin Creamer     19th September 2017 Precious metals mining company Sibanye-Stillwater on Tuesday announced the impending launch of a $450-million convertible bond offering linked to the refinancing of the outstanding portion of the bridge loan the company raised to buy Stillwater Mining in the US. The senior unsecured guaranteed... 

Welding company aims to bridge skills gap

By: Nica Schreuder     15th September 2017 Despite challenging economic conditions and a dire lack of welding skills, steel welding and fabrication service provider Federal Steel Company is committed to welding skills development initiatives that will expand nationally. Federal Steel Company MD Phakamile Buthelezi explains that the lack... 

Zimbabwe Alloys hands over half of its mining claims to Mugabe govt

By: Reuters     13th September 2017 Zimbabwe Alloys, the country's second largest ferrochrome producer, has ceded half of its mining claims to the government, a State-owned newspaper said on Wednesday, ending more than a year of negotiations. President Robert Mugabe's government last June threatened to seize half of ZimAlloys 39... 

Solar grid keeps harvests high, hospitals lit in parched rural Zimbabwe

By: Reuters     11th September 2017 Until recently, farmers in this town in southern Zimbabwe struggled to water their crops, frustrated by poor rainfall and the regular breakdown of the diesel engines that powered their irrigation systems. As in most areas of rural Zimbabwe, rain-fed agriculture provides most of the jobs in this... 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

Volvo Car SA expecting big change in EV perceptions in coming years

By: Irma Venter     8th September 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

China's R&F to invest up to $2bn to revive Zimbabwe steelmaker Zisco – Minister

By: Reuters     31st August 2017 China's R&F plans to invest up to $2-billion to revive operations at Zimbabwe Iron and Steel Company (Zisco), the southern African nation's industry and commerce minister said on Tuesday. Saddled by high debt and gross mismanagement, Zisco ceased production in 2008 at the height of Zimbabwe's... 

Vast aiming to start operations at Romania’s Baita Plai before year-end

By: Mariaan Webb     30th August 2017 Aim-listed miner Vast Resources is aiming to start operations at the Baita Plai polymetallic mine, in Romania, before the end of 2017, the company said on Wednesday, announcing that it had been selected for a mining right. The holder of the head licence, Baita, has chosen Vast subsidiary African... 

New Transnet, DBSA finance scheme set up to support African rail exports

By: Terence Creamer     28th August 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

Danai Magugumela

     25th August 2017 This week we feature Danai Magugumela, MD of consulting engineering firm Bosch Projects   

Forklifts delivered to Zimbabwe food producer

     25th August 2017 With Zimbabwe-based food producer Cairns Foods having increased its capacity with the hopes of reaching 80% capacity use by 2018, materials handling equipment supplier Smith Power Equipment (SPE) has supplied four Kipor KDF 25 diesel forklifts to the company. 

Incremental improvements now leading to energy efficiency  

By: Robyn Wilkinson     25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... 

Parnis Manufacturing

     25th August 2017 Besides its baseload work for the mining industry in South Africa and beyond the country’s borders, Johannesburg-based Parnis Manufacturing has made great strides into the energy sector, where it has identified expansion opportunities in the design, fabrication and assembly of mobile switch rooms... 


By: Zandile Mavuso     22nd August 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

Implats to report FY headline loss a share

     22nd August 2017 JSE-listed Impala Platinum (Implats) expects to swing to a headline loss a share of between 125c and 150c for the financial year ended June 30, compared with the headline earnings per share (HEPS) of 12c reported in the 2016 financial year. The company attributed the decline in HEPS to the... 

Comprehensive service support adds value to forklifts

By: Robyn Wilkinson     18th August 2017 Industrial equipment supplier Smith Power Equipment (SPE) is ensuring that the value-add on its range of imported forklifts meets customer requirements while balancing performance and cost to help companies manage the economic challenges. 

Crystal Events Africa

     18th August 2017 Crystal Events Africa, formerly Crystal Events & Incentives, is a leading conference, incentive travel and corporate meeting organiser in South Africa. Its recent expansion into Africa has increased its business capacity to successfully drive intercontinental business through in-bound incentive... 

PPC Q1 trading in line with expectations

By: Creamer Media Reporter      17th August 2017 Cement maker PPC on Thursday said its first-quarter revenue had tracked ahead of the comparative period in the prior year, while group earnings before interest, taxes, depreciation and amortisation (Ebitda) were in line with that of the first quarter of the previous year. However, while the South... 

Caledonia’s Blanket mine on track to deliver 80 000 oz/y by 2021

By: Anine Kilian     14th August 2017 Gold miner Caledonia Mining is confident its Blanket mine, in Zimbabwe, will meet its full year production guidance of 52 000 oz to 57 000 oz, as well as the longer-term output target of 80 000 oz by 2021. The mine produced just over 25 000 oz of gold in the first half of this year, at an all-in... 

Arafak posts strong Q2 results

By: Natasha Odendaal     11th August 2017 Nasdaq- and LSE-listed Afarak Group has delivered another robust second quarter driven by continued higher ferrochrome prices and strong market fundamentals. This followed a positive start to the new financial year after Arafak achieved the highest quarterly gains in the company’s history during... 

Volvo Car SA ready for hybrid, electric vehicle rollout post-2019, says MD

By: Irma Venter     10th August 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

SADC urged to liberalise services and improve business environments

By: Keith Campbell     4th August 2017 In addition to making intraregional trade in goods easier, the member countries of the Southern African Development Community (SADC) should facilitate intra-bloc trade in services and improve their business environments, the Organisation of Economic Cooperation and Development (OECD) argued in... 

Zim staves off punitive action by Eskom, again – report 

By: News24Wire      2nd August 2017 Zimbabwe government officials have held "tough negotiations" with managers at Eskom to prevent South Africa’s power utility cutting off supplies over a $40-million debt. Cash-strapped Harare has been given another chance not to default on a repayment plan, which had seen Eskom threatening to cut... 

Parnis Takes Its Engineering Expertise To New Heights

     31st July 2017 As difficult market conditions force companies in many sectors to relook at their cost structures, quality refurbishment is becoming more important as a strategy to contain costs. According to Gary Colegate, general manager of Parnis Manufacturing, such strategies demand that customers find... 

Premier African Minerals secures new funding

By: Natasha Odendaal     31st July 2017 Aim-listed Premier African Minerals on Monday announced a series of funding agreements that will allow the multicommodity mining and natural resources development company to increase its stake in Ethiopia-based Circum Minerals and fast-track exploration efforts at its wholly-owned Zulu lithium... 

Zim piling up gold, diamonds to back new currency – VP

By: News24Wire      31st July 2017 Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency. But he did not say when the new currency would be introduced. 

Cash-strapped ASA Resource Group suspends trading on Aim

By: Samantha Herbst     28th July 2017 Cash-strapped diversified miner ASA Resource Group has suspended the trading of its ordinary shares on the Alternative Investment Market, with effect from 11:00 on Friday morning. The Africa-focused miner attributed its cash constraints to currency restrictions imposed by the Reserve Bank of... 

Vast pleased with q/q production improvements at Romania, Zimbabwe mines

By: Creamer Media Reporter      28th July 2017 Operations at Aim-listed Vast Resources’ Manaila polymetallic mine, in Romania, and Pickstone-Peerless gold mine, in Zimbabwe, improved significantly quarter-on-quarter in the three months to June 30. During the second quarter, the 100%-owned Manaila mine, achieved a 41% quarter-on-quarter... 

Automotive future positive through telematics 

By: Victor Moolman     28th July 2017 The future for automotive fleet management through telematics is positive, says JSE-listed fleet management, insurance telematics and stolen vehicle recovery service provider Cartrack. 

Comair reports its diversification strategy is working

By: Keith Campbell     28th July 2017 South African airline group Comair Limited’s strategy of countering the weak local air passenger market by diversifying its business is proving successful, reports company CEO Erik Venter. “It’s working very well. About 20% of our profits are coming from our non-airline businesses and we’re... 

UP researchers join fight against avian flu

By: Natasha Odendaal     25th July 2017 With four South African farms having been hit by the current bird flu outbreak, University of Pretoria (UP) researchers have joined the poultry industry and the Department of Agriculture, Forestry and Fisheries (DAFF) to contain the highly pathogenic avian influenza, or H5N8 variant of bird flu.... 

Caledonia to list on NYSE

By: Anine Kilian     24th July 2017 TSX-and Aim-listed Caledonia Mining will list on the NYSE on July 27. The listing on the NYSE is intended to provide the company with greater access to US institutional and retail investors, which, in turn, is hoped will result in better overall trading liquidity, a lower cost of capital and... 

Tongaat Hulett launches R550m sugar refinery project in Mozambique

By: Anine Kilian     24th July 2017 Sugar producer Tongaat Hulett on Monday launched a R550-million 90 000 t/y refinery to process brown sugar into white sugar at its Mozambique-based Xinavane sugar mill. The refinery will produce its first product in September 2018. 

Conservative streak prevailed at ANC policy conference  

By: Aubrey Matshiqi     21st July 2017 At the end of the policy conference of the African National Congress (ANC), President Jacob Zuma declared that the ruling party was more united than it had been when the conference began. In the process of delivering his closing address, he proposed that the loser in the race for the presidency... 

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