136 projects to be pitched to investors at inaugural Global African Investment Summit

The Global African Investment Summit (TGAIS) will be presented with 136 bankable projects, worth a combined total of $246-billion, in the natural resources, agribusiness, power and critical... 

Middelburg smelter achieves Q3 profit increase despite strike

Despite the National Union of Metalworkers of South Africa (Numsa) strike in July and the post-strike production ramp-up in August, Aim- and AltX-listed Jubilee Platinum’s Middelburg smelter... 

RSR investigating Rustenburg locomotive, bus collision

The Railway Safety Regulator (RSR) on Friday said it was investigating a collision between a locomotive and a bus carrying 45 people at a platinum mine, in Rustenburg, on Friday morning. The... 

SA needs more inclusive innovation environment

South Africa’s current innovation landscape was based on exclusivity, preventing ordinary citizens from participating in this space, National Advisory Council on Innovation (Naci) policy... 

More has to be done to get voice of science community heard – NSTF

While the National Science and Technology Forum‘s (NSTF’s) discussion forums showcased the work achieved and policy development in key areas, more had to be done in terms of lobbying for the... 

Jobs Fund has allocated R4.96bn to projects since inception – Nene

Since its establishment by government in 2011, the Jobs Fund has allocated R4.96-billion to projects catalysing innovation and investment in activities which directly contributed to sustainable job... 

New R1.2bn furnace boosts Nampak’s glass production capacity by 56%

Glass manufacturer Nampak Glass has increased its manufacturing capacity by 56% through the addition of a new R1.2-billion third furnace at its Germiston-based manufacturing facility. Nampak Glass... 

R2.1bn allocated to mining town development over MTEF period – Radebe

JOHANNESBURG (miningweekly.com) – A total of R2.1-billion has been ring-fenced by the Department of Human Settlements over the medium-term expenditure framework period for housing projects in... 

Tembo 2014 drilling programme completed

TSX-V-listed Tembo Gold Corporation has completed its 2014 drilling programme on the 100 m2 Tembo gold project, in Tanzania, Aim-listed Stratex announced on Thursday. Stratex currently held a... 

Grindrod Bank, Bidvest acquisition discussions aborted in light of negative SASSA publicity

JSE-listed companies Bidvest and Grindrod have failed to reach an agreement on the proposed acquisition of Grindrod Financial Holdings, or Grindrod Bank, by Bidvest Bank, a Bidvest and GFS Holdings... 

Precious metals markets influenced by monetary conditions, industrial metal prices remain detached – report

While precious metal markets were influenced by monetary conditions, industrial metals have managed to remain somewhat detached from generic economic conditions, with prices being determined by... 

Infrasors expects increased H1 earnings

Building materials firm Infrasors on Thursday said it expected its headline earnings a share for the six months ended August 31 to increase by between 61% and 96% year-on-year to between 4.5c and... 

Exploration results confirm potential to boost Nayega resource

Exploration results from pit sampling at Aim-listed Ferrex’s Nayega manganese project, in Togo, have confirmed a number of targets with the potential to increase the project’s current Joint Ore... 

Stellar raises £396 180 to buy earthmoving equipment

Aim-listed Stellar Diamonds on Thursday announced that it had raised about £396 180 through the issue of 25.56-million ordinary shares, enabling it to buy a number of earthmoving machines for its... 

Competition Commission recommends approval of Clover, DairyBelle merger

The Competition Commission has recommended that the Competition Tribunal approve the acquisition of DairyBelle’s yoghurt and ultra-high-temperature (UHT) milk manufacturing, marketing and... 

Powertech re-enters arc furnace market with R42m Namakwa Sands contract

JSE-listed Allied Electronics subsidiary Powertech Transformers on Thursday announced that it has reentered the arc furnace market, reestablishing its position as the only South African... 

Mondi Q3 profit in line with prior year performance

Paper and packaging group Mondi on Thursday reported an underlying operating profit of €174-million for the three months ended September 30, which Mondi said was comparable to that of the prior... 

PFS drilling at South Boulder’s Colluli completed ahead of schedule

ASX-listed South Boulder Mines on Wednesday announced that prefeasibility study (PFS) level drilling at its Colluli potash project, in Eritrea, had been completed ahead of schedule. This early... 

Gibs deputy dean appointed Sabsa VP

The University of Pretoria’s Gordon Institute of Business Science (Gibs) deputy dean Professor Nicola Kleyn has been appointed VP of the South African Business School Association (Sabsa) for a... 

Revised BPS incentive taking increased maturity of SA services into account – Davies

The revised Department of Trade and Industry (DTI) Business Process Services (BPS) incentive launched on Tuesday, has taken into account South Africa’s increased maturity in terms of the services... 

Norwegian-African Business Summit to focus on infrastructure development

The Norwegian African Business Association (NABA) will on October 30 host the fourth Norwegian-African Business Summit, aimed at addressing the main challenges and opportunities facing African... 

NNR to test effectiveness of Koeberg nuclear emergency plan

The National Nuclear Regulator (NNR) on Wednesday said it would, on October 22, conduct a full-scale nuclear safety regulatory emergency exercise at the Koeberg power station, in the Western Cape,... 

AfDB president meets with Gates to discuss African development

African Development Bank (AfDB) group president Donald Kaberuka on Tuesday met with Bill & Melinda Gates Foundation co-chairperson and trustee Bill Gates to discuss ways to work together to improve... 

Baobab testwork confirms chosen technology route, robust project economics

Bench and pilot scale metallurgical test work at Aim-listed Baobab Resources’ Tete pig iron and ferrovanadium project, in Mozambique, has confirmed the chosen technology route for the project, MD... 

SA elected to UN biological diversity convention CoP bureau

South Africa has for the first time been elected to the United Nations (UN) Convention on Biological Diversity (CBD) Conference of the Parties (CoP) bureau, strengthening the country’s status as a... 

Datatec H1 earnings slightly lower, group revenue up on back of Westcon recovery

International information and communication technology solutions and services group Datatec on Wednesday reported a marginal decline in profit for the six months ended August 31 to $38.2-million,... 

Base announces increased Kwale mineral resources

Mineral sands miner Base Resources on Tuesday announced an upgrade and increase in mineral resources for its 100%-owned Kwale project, in Kenya. The company explained that the updated mineral... 

Additional tests indicate potential to increase Bushveld Minerals vanadium resource

Additional Davis tube tests (DTT) on two samples from hanging wall units to the main magnetite layer (MML) of Aim-listed Bushveld Minerals’ vanadium project, in Limpopo, have confirmed the... 

Continental Coal admission to trading on the Aim to be cancelled

South Africa-focused coal miner Continental Coal on Tuesday announced that as it was unable to restore its securities to trading on the Aim in the short term, and the company’s shares had been... 

Dawn earnings decline but future upside expected from Grohe JV

While JSE-listed Distribution and Warehousing Network (Dawn) was not pleased with its financial results for the “disruptive and difficult” 2014 financial year, the company was excited about its... 

Basil Read brand featured on UK postage stamp for role in St Helena airport project

JSE-listed Basil Read on Tuesday noted that it was being featured in a new series of UK postage stamps acknowledging the construction of a new airport on the island of St Helena, a British... 

Keaton Vanggatfontein H1 production up 5%

JSE-listed Keaton Energy on Monday reported that output of washed 2- and 4-seam coal from it’s Vanggatfontein colliery, in Mpumalanga, had increased 5% year-on-year to 1.2-million tons in the first... 

Basil Read appoints Wightman CFO, FD

JSE-listed Basil Read on Monday announced the appointment of Amanda Wightman as CFO and FD of the company with immediate effect. Wightman, who joined the company in 2005, had been acting in the... 

Revised BPS incentive to attract investment, create jobs through offshoring activities

Trade and Industry Minister Dr Rob Davies would on Tuesday launch the revised Business Process Services (BPS) incentive, aimed at attracting investment and creating employment in South Africa... 

Second-phase BBBEE Codes of Good Practice gazetted

Trade and Industry Minister Dr Rob Davies has gazetted the second phase of the amended broad-based black economic-empowerment (BBEEE) Codes of Good Practice for public comment. The Department of... 

IFM, Chrometco agree to start Rooderand chrome mining

London-listed International Ferro Metals (IFM) has signed an agreement with JSE-listed Chrometco for the start of mining at the Rooderand LG6 openpit mine, in the North West. IFM said the Phase 1... 

Super Group to buy Allen Ford for R606m

JSE-listed Super Group on Friday announced that it had entered into an agreement to acquire UK-based franchised motor dealer group Allen Ford for about R606-million, at an exchange rate of £1 to... 

Bellzone to raise up to £1.7m

Aim-listed Bellzone Mining on Friday announced that it was planning to raise up to £1.7-milion through the issue of about 337-million new ordinary shares at a placing price of 0.5p, to enable the... 

Africa has significant real estate investment potential as global retailers target the continent

Africa has significant potential for real estate investments with the continent’s retail landscape constantly changing as international brands target the African consumer, commercial property... 

First gas burner fired up at Medupi’s Unit 6

State-owned power utility Eskom this week fired-up the first gas burner of the Medupi power station’s Unit 6, which was scheduled to be synchronised at the end of this year. Eskom explained that...