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Grain SA cautiously optimistic on 2017 maize crop

By: Anine Kilian     20th January 2017 Grain farmers are grateful for the turnaround in general conditions following the severe drought South Africa experienced last year; however, the perception that all problems are now solved is premature, says Grain South Africa (SA) chairperson Jaco Minnaar. He notes that although the outlook for... 

Zimbabwe tax agency says misses 2016 revenue target due to weak economy

By: Reuters     19th January 2017 Zimbabwe's tax agency Zimra said on Thursday it failed to meet its 2016 revenue target by 4%, as the economy stalled and weak global commodity prices hit mineral royalties. The southern African nation's economy stagnated last year while its budget deficit exploded, putting political pressure on... 

SA Pump Manufacturer Celebrates 37 Years Of Internationally Proven Award Winning Pump Designs

     19th January 2017 HAZLETON PUMPS, a family owned and managed business located in Centurion, has been continually awarded since the company’s inception 37 years ago with numerous awards and is regarded as a world leader in the pumping of high head, high volume acidic liquids containing solids utilising their... 

Sibanye’s Stillwater platinum deal edges forward

By: Martin Creamer     19th January 2017 Precious metals mining company Sibanye’s proposed acquisition, Stillwater Mining of the United States of America, edged forward on Thursday with the notification that both companies had received early termination of the waiting period under the US’s Hart-Scott-Rodino legislation, which means that... 

Zimbabwe reverses telecoms price hike after public backlash

By: Reuters     13th January 2017 Zimbabwe has reversed a decision to impose a drastic increase in mobile phone data charges, which provoked an angry response from customers and critics who accused President Robert Mugabe's government of trying to curtail the use of social media. Last year activists used the Internet to mobilise... 

Zim gold producer claims ownership of cargo on crashed plane

By: News24Wire      13th January 2017 A leading gold producer, developer and explorer in southern Africa, Metallon Corporation, has claimed ownership of the gold that was being transported by a private plane that crash-landed in southern Zimbabwe on Tuesday, putting to rest speculation that the mineral was being smuggled out of the... 

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

Caledonia’s Blanket mine delivers year-end production record

By: Natasha Odendaal     11th January 2017 Dual-listed Caledonia Mining’s 49%-owned Blanket gold mine, in Zimbabwe, has delivered another record production quarter, ending the year to December 31, 2016, on an all-time production high. During the fourth quarter of 2016, gold output increased 18% year-on-year and 1.2% quarter-on-quarter to... 

Mineral ‘wrongs’ righted 

By: Martin Creamer     10th January 2017 A company that showed diligence in applying for mineral rights ended up getting mineral ‘wrongs’, a court has found. The Gauteng division of the High Court in Pretoria has ruled that Aquila Steel South Africa is entitled to the mineral right that South Africa’s Department of Mineral Resources... 

SA education system one of the worst in the world – The Economist

By: News24Wire      6th January 2017 In the week that South Africa’s matric results were released, international news magazine, The Economist, has declared the country’s schools as among the most inept in the world. "South Africa has one of the world’s worst education systems," the London-based publication reported on its online... 

Caledonia declares dividend; confirms 2017 guidance

By: Henry Lazenby     4th January 2017 TSX- and Aim-listed gold producer Caledonia Mining has declared a quarterly dividend of $0.01375, supporting its position as one of only a handful of junior gold miners on the LSE able to afford rewarding its investors. The Southern Africa-focused company’s dividend announced Tuesday is in line... 

Eskom’s excess generation capacity builds as Kusile Unit 1 ties-in to national grid 

By: Henry Lazenby     28th December 2016 South Africa’s electricity utility Eskom has connected the first power-generating unit of the new Kusile coal-fired power station, in Mpumalanga; reaching the milestone ahead of schedule and adding 800 MW to further stabilise the energy grid. In a statement Tuesday, Eskom said it is making... 

AB InBev, Coca-Cola reach $3.15bn deal

By: Megan van Wyngaardt     21st December 2016 Beverages giant The Coca-Cola Company and triple-listed brewery Anheuser-Busch InBev (AB InBev) have reached an agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion. CCBA includes South Africa, Namibia, Kenya, Uganda, Tanzania,... 

Vast Resources set for increased gold production in Zimbabwe

By: Megan van Wyngaardt     20th December 2016 Aim-listed mining company Vast Resources has seen gold production at its Pickstone-Peerless mine, in Zimbabwe, increase 75% in the six months ended September 30, to 9 452 oz. CEO Roy Pitchford on Tuesday said that production at the mine consistently surpassed expectations, having reliably... 

Prospect eyes Zimbabwe lithium start in 2017

By: Esmarie Swanepoel     13th December 2016 Junior Prospect Resources is hoping to start lithium production from its Arcadia project, in Zimbabwe, by mid-2017. The ASX-listed company told shareholders on Tuesday that the current mining plan for Arcadia consisted of a series of openpits, with production starting from the first high-grade... 

Mpact revenue negatively affected by financial performance

By: Anine Kilian     12th December 2016 The factors that negatively impacted on the interim results of the JSE-listed Mpact Group for the six months ended June 30 continue to adversely affect the group for the year ending December 31, the paper and plastics packaging group said in a statement on Monday. These factors include lower... 

Zambia eyes energy diversification, reviews South Africa's progress

By: Natasha Odendaal     9th December 2016 Zambia has started reviewing its options to reverse the country's current energy constraints and diversify its own energy mix, leaving no viable potential initiatives off the table as it seeks to become a "power trader". The mostly hydropowered Southern African country is currently battling... 

Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

Poverty led to Marikana tragedy, says Mahumapelo

By: African News Agency      5th December 2016 Poverty was the root cause of the Marikana tragedy four years ago, North West premier Supra Mahumapelo said on Sunday. “Poverty forced people to work in the mines, some come from Zimbabwe, Lesotho, the Eastern Cape and other provinces, and neighbouring countries to work in Rustenburg mines,” he... 

Bloody diamonds entering the market now only 0.2% of global supply

By: Dylan Slater     2nd December 2016 The ban on diamond exports from conflict zones is proving successful in curbing so-called ‘conflict diamonds’ from being sold into official and black markets, thereby reducing their use as a potential source of finance for rebel groups. This is according to nonprofit diamond industry... 

Zim govt takes charge of Zimplats debt

By: Esmarie Swanepoel     1st December 2016 The Zimbabwe government has assumed a $34-million debt owed by ASX-listed Zimbabwe Platinum Mines (Zimplats) to the Reserve Bank of Zimbabwe. The debt was assumed under the 2015 Reserve Bank of Zimbabwe Act, which provided for the State government to assume certain debts incurred by the Reserve... 

Awards For New Pool Of Talent For The Coatings Industry

     30th November 2016 Ruan van der Westhuizen, of Fillrite Paints in Boksburg, has won the S.A. Paint Manufacturing Association (SAPMA) Student of the Year Award for 2016. He received the accolade and trophy at the Gauteng SAPMA annual student awards function in Bedfordview recently. Ruan also won the BAMR Award for... 

$264m Zimplats mine development approved

By: Esmarie Swanepoel     30th November 2016 The board of Zimplats and its parent company Impala Platinum have given their respective approvals for the development of a $264-million platinum mine in Zimbabwe. The Mupani mine is a new 2.2-million-tonne-a-year underground complex, which will employ about 1 000 staff at full production. The... 

Zimbabwe to implement key regional power inter-connector project in 2018

By: African News Agency      28th November 2016 The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) said it would start working on its component of the regional Zimbabwe-Zambian-Botswana-Namibia (Zizabona) electricity inter-connector project early in 2018. The announcement came shortly after the country received a... 

No irregularities in R1.1bn tenders – Rand Water

By: News24Wire      23rd November 2016 There were no irregularities in the R1.1-billion tenders awarded to one company by Rand Water, Parliament heard on Wednesday. This after reports that the country’s biggest water utility, which supplies Gauteng and parts of Mpumalanga and Free State, was paying millions more for work that was not... 

The State of Energy in Africa

     23rd November 2016 Africa: a continent of vast natural resources is a continent woefully short of electricity. According to Mckinsey Global Institute's February 2015 report "Brighter Africa The growth potential of the Sub-Saharan electricity sector", access to electricity and the ability to consume electricity are... 

Tiger Brands posts higher income despite inflationary pressure 

By: Megan van Wyngaardt     23rd November 2016 The prolonged drought and significant currency volatility has contributed to significant inflation in raw material input costs for JSE-listed fast-moving consumer goods producer Tiger Brands in the financial year ended September 30. The higher costs impacted the grains and groceries divisions, in... 

FESPA Africa and Sign Africa Report Highest Visitor Attendance To Date

     23rd November 2016 The FESPA Africa and Sign Africa Expo held at Gallagher Convention Centre was a major success, with 5592 unique visitors from South Africa and international countries, 941 return visitors and 6533 total visits to the expo. Eighty-two percent of visitors were owners or senior management and 79%... 

PGM market faces 100 000 oz deficit in 2017 – WPIC

By: Ilan Solomons     22nd November 2016 Total global supply of platinum-group metals (PGMs) is forecast to decline by 2% to 7.7-million ounces in 2017 from 7.8-million ounces in 2016, mainly as a result of a decline in secondary supply as jewellery recycling in China returns to a more typical level after retailer destocking raised it... 

Foreign exchange losses lead to 48% y/y drop in Nampak’s FY HEPS

By: Anine Kilian     21st November 2016 JSE-listed packaging group Nampak on Monday reported a 48% decline in headline earnings per share (HEPS) to 107.6c for the year ended September 30, mainly owing to foreign exchange losses, which adversely impacted HEPS by 86.1c. Basic earnings per share for the period increased by 11% benefiting... 

Africa gets renewed broadband focus with Eutelsat offshoot

By: Natasha Odendaal     16th November 2016 Africa is set to benefit from a new broadband venture that aims to bridge the digital divide through the use of extensive, high-quality and affordable satellite infrastructure. Satellite communications provider Eutelsat’s newly established subsidiary Konnect Africa plans to deploy commercial... 

Three bodies of Zama-Zamas found in Welkom mine

By: African News Agency      16th November 2016 The bodies of three illegal miners – two of them with name tags – have been recovered from a mine in Welkom and the South African Police Service (SAPS) are appealing to their relatives of the deceased to come forward. On Wednesday SAPS called for assistance to locate families of the dead illegal... 

Liquid Telecoms’ buyout of Neotel nears final hurdle

By: Natasha Odendaal     15th November 2016 The R6.5-billion buyout of converged communications network operator Neotel by privately owned Pan-African telecoms group Liquid Telecom is reaching its final hurdle – approval by the Independent Communications Authority of South Africa (Icasa). The acquisition was progressing “very well” and the... 

Tongaat Hulett upbeat about future prospects, despite drought impact

By: Anine Kilian     14th November 2016 The drought in Southern Africa has cut JSE-listed Tongaat Hulett’s sugar production in the current season by about 400 000 t. Speaking to Engineering News Online, CEO Peter Staude pointed out that the company’s sugar production had decreased from 1.4-million tons a few years ago, to an expected... 

Separate legislation may be needed for new electronic banking services

By: Schalk Burger     11th November 2016 New legislation, separate from local banking regulations, should be introduced to allow for the introduction of new, low-cost electronic banking and financial services while retaining the resilience of the banking sector, says digital systems firm Hello Group founder and chairperson Nadir... 

Engen boosts customer convenience with water and biltong bars

     10th November 2016 Engen Petroleum, a leading producer and marketer of a wide range of fuels, lubricants and oil-based products has been busy trialling two fresh new concepts in selected outlets as a three-month trial, prior to extending the offerings across Southern African countries. The first is a concept called... 

South Africa has most construction projects on continent – report

By: Megan van Wyngaardt     9th November 2016 South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each. South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s 'Africa... 

Sugar expected to yield sweet profit for Tongaat Hulett

By: Megan van Wyngaardt     4th November 2016 Tongaat Hulett expects to report a R1.35-billion operating profit for the six months to September 30, a 5.8% increase on the R1.27-billion recorded in the six months to September 2015, owing to strong performance in its starch operations. Headline earnings for the six months under review are... 

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