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State defence group Denel could be transferred from Public Enterprises to Defence

By: Keith Campbell 9th June 2017 Pre-Cabinet level discussions are under way within the government about transferring State-owned defence industrial group Denel from the aegis of the Department of Public Works to that of the Department of Defence (DoD). This was stated by Defence Secretary Dr Sam Gulube at a function marking the... →

Treasury appoints Dondo Mogajane as DG

By: African News Agency 8th June 2017 National Treasury has announced Dondo Mogajane as its new director-general (DG) after Cabinet confirmed his appointment on Wednesday. This follows the resignation of respected DG Lungile Fuzile last month. →

Treasury director-general Dondo Mogajane

FNB launches latest solution in nav» app series

By: Natasha Odendaal 7th June 2017 Banking giant FNB on Wednesday unveiled the latest addition to its mobile banking application, the nav» Car, developed in conjunction with WesBank, in the next chapter of the group’s ambition of building a seamless digital banking ecosystem aimed at making things easier for the customer.... →

On track for Africa Rail

By: Marleny Arnoldi 2nd June 2017 This month, business-to-business media company Terrapinn will host the twentieth annual Africa Rail exhibition and conference at the Sandton Convention Centre in Johannesburg, Gauteng, from June 13 to 14. Africa Rail provides an interactive platform for rail industry stakeholders to share... →

INCLUSIVE GROWTH Africa Rail provides an interactive platform for rail industry stakeholders with the view to improve railway performance and its contribution to economic development

Finance Minister Gigaba continues to oppose Denel Asia deal

By: Keith Campbell 26th May 2017 The National Treasury on Friday reaffirmed, in a press release, that Finance Minister Malusi Gigaba continues to oppose the proposed joint venture between the State-owned Denel defence industrial group and VR Laser Asia, intended to create a company called Denel Asia. The press release was issued... →

$100-million loan for African infrastructure spending

By: Nadine James 26th May 2017 The Development Bank of Southern Africa (DBSA) and the Agence Française de Développement (AFD) in March signed a $100-million loan agreement aimed at furthering the DBSA’s infrastructure financing activity across Africa. This flexible credit line will focus on DBSA’s four strategic sectors:... →

Mobile app aims to help South Africans save and invest better

By: David Oliveira 26th May 2017 South African financial services provider Liberty launched its Stash investment application (app) earlier this month to help improve a local savings culture by providing a solution that removes the complexity and fear associated with investing. Stash is designed to mitigate all the complicated... →

South African companies must prioritise cybersecurity

By: Robyn Wilkinson 19th May 2017 While the information technology (IT) security systems available in South Africa are highly competitive, corporate spend on this aspect of business remains too low if the country is to keep up with international trends, says hacking and industrial espionage protection company Neworder Industries... →

South Africa remains largest FDI hub in Africa, report shows

By: Mia Breytenbach 19th May 2017 South Africa remains the leading foreign direct investment (FDI) destination in Africa, with a 6.9% increase in FDI projects in 2016, according to financial services advisory firm EY’s latest ‘Africa Attractiveness’ report, published earlier this month. The report provides an analysis of FDI... →

Photo by Duane Daws
LEADING DESTINATION South Africa had an 6.9% increase in foreign direct investment projects in 2016, according to financial services advisory firm EY’s latest ‘Africa Attractiveness’ report

New audit service to support concrete product manufacturers

By: Tasneem Bulbulia 12th May 2017 Cement and construction materials supplier AfriSam is providing additional support for its Concrete Product Manufacturers (CPMs) customers through its new Efficiency Audit service offering. AfriSam national sales manager Amit Dawneerangen says there has been a downturn in infrastructure projects... →

CENTRE OF EXCELLENCE AfriSam’s Centre of Product Excellence offers customers an additional Efficiency Audit service

Atomic agency looks to increase assistance to nuclear hopefuls

12th May 2017 Nuclear energy organisation, the International Atomic Energy Agency (IAEA) and the Russian State-owned atomic corporation Rosatom have reached an agreement that is aimed at strengthening IAEA assistance to member States that are considering introducing or expanding nuclear power programmes. Under... →

Photo by Duane Daws
NUCLEAR AMBITIONS Ghana may soon erect a nuclear power station, making it the second African country to do so

Banks warned of ATMs being infected remotely by malware

By: Schalk Burger 12th May 2017 Cybersecurity multinational Kaspersky Lab advises banks in the Middle East, Africa and Turkey to check random-access memory (RAM), network and registry logs to determine whether the fileless ATMitch malware is present. The ATMitch uses in-memory malware to infect banking networks. This malware is... →

AMIN HASBINI ATMitch uses in-memory malware to infect banking networks and is remotely installed and executed

‘Dynamite’ GDP growth comes in small private-equity investment packages

By: David Oliveira 12th May 2017 According to a report by economic advisory service provider The Economist Corporate Network (ECN) every 0.01% increase in private equity (PE) investment penetration into Africa’s gross domestic product (GDP) would inject an incremental $1.1-billion investment over the next five years, providing a... →

Report identifies key areas for growth in Africa

By: Robyn Wilkinson 5th May 2017 Well-balanced economies that have shown steady performance over an extended period present key opportunities for growth and development in Africa, while those with high political risk will continue to fail to instill confidence in foreign direct investors, says trade credit insurer Coface. →

Intra-African trade and investment to drive long-term development

By: Robyn Wilkinson 5th May 2017 While the current reality is that many African countries have become reliant on foreign direct investment (FDI) to implement their development plans, the longer-term goal should be for these countries to become self-sufficient, says Thomson Reuters Africa corporates and partnerships head Kamal... →

PROMOTING ECONOMIC GROWTH African countries need to become more self-sufficient, relying on a network of neighbouring countries and regional trade blocks to support their growth

EIB provides €95m support for East African entrepreneurs

By: Mia Breytenbach 5th May 2017 The European Investment Bank (EIB) has signed two new credit lines for East-Africa for €95-million, or about Kshs(Kenyan Shilings)10.45-billion, to be made available through financial institutions Equity Bank and HFC Limited to support smaller local projects in Kenya, Tanzania, the Democratic... →

Photo by Bloomberg
RUNNING SUPPORT In the past seven years, the European Investment Bank has provided €321-million, or Kshs 35-billion, in credit lines for Kenyan businesses

Company to extend financial services into East and West Africa

By: Robyn Wilkinson 5th May 2017 As part of its strategic ambition to position itself as a leading Pan-African financial services leader, specialised financial services group Alexander Forbes is exploring opportunities for expansion in East and West Africa, as well as further afield in greenfield countries such as Morocco. →

South Africa remains largest FDI hub in Africa – report

By: Mia Breytenbach 3rd May 2017 South Africa remains the leading foreign direct investment (FDI) destination in Africa, with a 6.9% increase in FDI projects in 2016, according to financial services advisory firm EY’s latest ‘Africa Attractiveness’ report, published on Wednesday. The report provides an analysis of FDI investment... →

AfDB approves $253m for Uganda–Kenya connecting road upgrades

By: Mia Breytenbach 28th April 2017 The African Development Bank Group (AfDB) has approved $253-million in loans to the governments of Kenya and Uganda for the upgrading of a 118 km road section connecting the two countries and construction of the 32km Eldoret town bypass, in Kenya. Kenya will receive $147.3-million and Uganda... →

Photo by Bloomberg
SPEEDY ACCESS Upgrading of the road will reduce the travel time from Kapchorwa to Suam, in Uganda, from 4 hrs to 1.5 hrs and from Suam to Kitale, in Kenya, from 1.5 hrs to 45 min

Business R&D showing signs of recovery

By: Keith Campbell 28th April 2017 The South African Government seeks to increase the country’s investment in research and development (R&D) by 100% from the R29-billion of 2014/2015 to to about R60-billion/year by 2020. In terms of percentage of gross domestic product (GDP), this would involve an increase from 0.77% to 1.5%.... →

Financial services firm’s mentorship and training scheme delivers

By: David Oliveira 28th April 2017 Financial services provider Vunani Securities, a subsidiary of Vunani Group, paid homage to the 23 equity analyst alumni who received training and mentorship through its Vunani Securities Training Academy (VSTA) initiative at a gala dinner in Sandton last month. The event also coincided with the... →

ARNOLD WERBELOFF It’s no good saying we’ll just take everyone else’s qualified people because that just doesn’t help

Independent agencies can have teeth and autonomy

By: Keith Campbell 28th April 2017 Some South Africans, with some knowledge of events in Brazil, have expressed a degree of envy at the successful impeachment, last year, of the President Dilma Rousseff. This was, in fact, the second time since the restoration of democracy in Brazil in 1985 that popular pressure has brought down a... →

Gigaba to attend IMF, World Bank meetings

By: Sane Dhlamini 18th April 2017 Finance Minister Malusi Gigaba’s upcoming trip to the US for the International Monetary Fund (IMF) and World Bank Spring Meetings and further interactions with rating agencies received a thumbs up from Deputy President Cyril Ramaphosa today. “Well, the Minister is going to the Spring IMF... →

Photo by Bloomberg
Finance Minister Malusi Gigaba

Africa Climate Change Fund embraces new partner contributions

By: Mia Breytenbach 14th April 2017 The African Development Bank (AfDB) approved the conversion of the Africa Climate Change Fund (ACCF) to a multidonor trust fund last month. This conversion brings two new partners to the fund, the governments of Italy and Flanders, Belgium, which are contributing €4.7-million and €2-million... →

Photo by Bloomberg
FINANCE MOBILISATION The Africa Climate Change Fund was established in April 2014 with a €4.725-million contribution from Germany to scale up climate smart development in African countries

Barloworld launches incubation hub to assist SMMEs

By: David Oliveira 31st March 2017 JSE-listed Barloworld launched the Barloworld Siyakhula Incubation Hub at its Barlow Park head office in Sandton, Johannesburg, earlier this month to assist small business suppliers and companies operating in its value chain in overcoming challenges, including market access, finance and skills... →

Lack of reliable power supply hinders Africa’s growth – trade commission

By: Nadine James 17th March 2017 Despite an uptick in planned power-generation projects, it is still fair to say that Africa lacks reliable power supply, which has prevented the continent’s economies from developing in line with their potential, says Austrian Trade Commission Advantage Austria. “The effects of the lack of... →

JOHANNES BRUNNER There is significant interest in Africa in terms of the opportunities available for companies in renewable-energy and energy-storage

Amid challenges, power sector offers massive opportunities

By: Nadine James 17th March 2017 Although the power and electricity sector in Africa faces massive challenges, it also offers massive opportunities, says Power & Electricity World Africa (PEWA) event organiser Terrapinn. →

MOMENT IN THE SUN Africa’s largest power and electricity event offers innovative, cost-effective means of tackling Africa’s power challenges

Barloworld launches incubation hub to assist in SMME development

By: David Oliveira 14th March 2017 JSE-listed Barloworld on Tuesday launched the Siyakhula Incubation Hub at its Johannesburg offices to assist suppliers and other companies operating in its value chain to overcome challenges such as market access, finance and skills that tend to impact on small, medium-sized and microenterprises... →

New retirement fund for South African expatriates launched

By: Donna Slater 10th March 2017 A new global retirement fund and medical plan, specifically designed for South African expatriates, has been launched by consulting, technology and outsourcing firm EOH. →

German-backed initiative to help increase use of solar energy in industrial processes

By: David Oliveira 3rd March 2017 The South African National Energy Development Institute (Sanedi) and the Southern African-German Chamber of Commerce and Industry (SAGCCI) announced last month that they had teamed up for the international Solar Payback project, which aims to increase the use of solar thermal energy in industrial... →

Chamber looks to strengthen partnerships in local green economy

By: Nadine James 17th February 2017 The Italian–South African Chamber of Trade and Industries’ chief aim at the 2017 Africa Energy Indaba is to raise awareness among Italian corporations regarding investment opportunities in South Africa’s green economy. Chamber secretary-general Mariagrazia Biancospino says the chamber mediated a... →

LONG STANDING RELATIONSHIP Members of the Italian–South African Chamber of Trade and Industries have been involved in the South African energy sector since 2013

Third Women in Energy conference cohosted at Energy Indaba

17th February 2017 The yearly Women in Energy conference, organised by the Africa Energy Indaba, will bring together Africa’s leading women in the energy sector for its third iteration on Monday, February 20 at the Sandton Convention Centre in Johannesburg. The Africa Energy Indaba was the first energy conference... →

DOING IT FOR THEMSELVES The Women in Energy conference is designed to aid the increase in leadership and development of women involved in the African energy sectors

Conference hopes to catalyse African energy revolution

By: Nadine James 17th February 2017 The 2017 Africa Energy Indaba will enable African energy sector stakeholders to evaluate opportunities and the means to pursue them that could unlock the continent’s energy potential and spark something of an energy revolution, says Indaba organising company Siyenza. “The African continent has... →

BOOSTING ENERGY The Africa Energy Indaba brings together politicians and energy luminaries to envision and catalyse decisions that will enhance access to energy

Exponential increase in the number of power generation projects

By: Nadine James 17th February 2017 The African continent’s large energy deficit has resulted in an exponential increase in the number of power generation projects – both planned and implemented – as well as the number of stakeholders which are a consequence of renewed commercial interest in the African energy sector, says... →

TSIDISO DISENYANA Foreign investment is targeted at establishing Africa’s green economy, therefore renewables will become a driver of socioeconomic growth

Smarter portfolio choices and lower costs could drive higher returns in 2017

3rd February 2017 The resource exploration industry has a good chance of achieving double-digit returns in 2017, as smarter portfolio choices and lower costs are already paying off, says analytics business Wood Mackenzie exploration VP Dr Andrew Latham. →

Photo by Bloomberg
EMERGING EXPLORATION THEMES Some of the emerging exploration themes in 2017 include exploration for pipe gas opportunities near undersupplied markets

Expo and conference to focus on major industry trends

3rd February 2017 In line with significant changes in the power and energy landscapes in Africa, this year’s African Utility Week (AUW) conference and expo will focus on the latest challenges, developments and opportunities in the power and water sectors. “The availability of private investment for power and... →

SOURCING SOLUTIONS The African Utility week conference and expo will gather over 7000 decision-makers from more than 40 countries

Conference aims to foster low carbon economy

By: Tasneem Bulbulia 3rd February 2017 With South Africa’s signing of the Paris Agreement at the United Nations twenty-first Conference of the Parties in 2015 requiring it to have met certain greenhouse-gas emission reduction targets from a mitigation and an adaptation point of view by 2020, this year’s Industrial Efficiency... →

TRANSFORMING INDUSTRIES The Industrial Efficiency Conference aims to guide industries in energy, water and waste efficiency

Topics In These Articles

Africa Environment Health PPE Safety Business Financial Manufacturing Resources System Testing Equipment Manufacturing ... more

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