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Latest News

Steel valuation talks hot up

17th August 2001 Technical and financial experts from the State-owned Industrial Development Corporation (IDC)are currently pouring over valuations provided to them by steel and mining company Iscor and are likely to offer advice on the matter within days. 

Govt does telecom policy u-turn

16th August 2001 South Africa’s telecoms policy twists and turns continued yesterday with the government reverting to its previous position of licencing only one competitor to Telkom, when its exclusivity period expires in May next year. 

SA prepayment techno to be sold to Germans

16th August 2001 In line with its stated policy of disinvesting from non-core business activities, Spescom has announced the sale, subject to Competition Commission approval, of its 50% shareholding in Energy Measurements to Siemens for the sum of R35-million. 

Nigerian drillers win oil contracts

16th August 2001 Six indigenous Nigerian oil-service companies have won drilling jobs worth two-billion naira ($18-million) from Chevron Nigeria, the company has reported. 

Small business – Big Issue

15th August 2001 A South African specialist investor in viable small and medium enterprises (SMEs) has revealed that it approved 766 projects to the value of R578,5-million in the 2001 financial year. 

NGOs invited to WTO Doha meet

15th August 2001 The director-general of the World Trade Organisation (WTO), Mike Moore, has sent letters to 647 non-governmental organisations (NGOs) confirming their eligibility to attend the fourth WTO Ministerial Conference in Doha, Qatar, in November. 

New telecom policy twist mooted

14th August 2001 South Africa’s telecoms policy could take yet another turn this week when Communications Minister Ivy Matsepe-Casaburri announces what is expected to be the final plan on Wednesday. 

Talks to open new African trade routes

14th August 2001 Sixteen African countries have gathered in Pretoria to look at ways to improve their trade relations with each other. 

$2,5-billion Algerian gas project finalised

13th August 2001 Algerian State oil and gas company Sonatrach and BP have finalised a deal for the development of the $2,5-billion In Salah gas project, officials at the two companies have revealed. 

R15,5m election contract awarded

13th August 2001 New information technology firm, arivia.kom, has been awarded a R15,5- million contract to deliver an integrated voter registration and election system for the mountain kingdom of Lesotho. 

SA to get biotechnology strategy

13th August 2001 A draft strategy on biotechnology, developed by an expert panel under the guidance of an interdepartmental steering committee headed by the Department of Arts, Culture, Science and Technology (Dacst), will be released for public comment within the next two weeks. 

SA prepares its own 'Operation Desert Storm'

9th August 2001 The countdown to the fourth World Trade Organisation (WTO) ministerial conference, to be held in Doha, Qatar, later this year, has begun in earnest, right down to the official organising-committee Website. 

The Gambia in cell roll-out

9th August 2001 A R55-million contract for a global system mobile (GSM) network in The Gambia has been awarded to Siemens Information and Communications Group (I and C) by Africell, a subsidiary of Lebanon’s Lintel. 

Surge in World Bank aid to Africa

9th August 2001 In the financial year ending June 30, 2001, the World Bank provided a total of $3,4-billion of financial assistance to sub-Saharan Africa, up by 56% from the year before. 

DTI cuts tyre-imports red tape

9th August 2001 The Department of Trade and Industry (DTI) has heeded persistent complaints by the Tyre Dealers' Association (TDA) and promised to issue their delayed import permits immediately. 

Manuel calls for new developmental interface

8th August 2001 South African Finance Minister Trevor Manuel has scolded private sector financiers for backing away from investment in local government infrastructure. 

Rwanda privatisation efforts move forward

8th August 2001 The Rwandese power and water utility, Electrogaz, will have a new private management firm in the first half of next year, an official of the country's privatisation unit has said. 

Shipbuilders quantify offset promises

7th August 2001 The consortium building the four corvettes for the South African Navy as part of the South African National Defence Force’s (SANDF) re-equipping programme has revealed that it is obliged to fulfil defence industry participation (Dip) and national industry participation (Nip) offsets,... 

SA in energy demand-management mode

7th August 2001 The emission of nearly four-million tons of carbon dioxide into the atmosphere will be prevented over the next decade and, over an assumed 20-year lifespan, South Africa's efficient lighting initiative (ELI) will yield societal benefits valued at around R495-million with the penetration of... 

UK nuclear power shift could benefit SA

By: Keith Campbell     6th August 2001 IN a move that could be of great value to South Africa’s Pebble Bed Modular Reactor (PBMR) project, the UK Department of Trade and Industry (DTI) is indicating that a revival of nuclear power in Britain could be both economic and prudent 

SA ‘e-stainless’ study

6th August 2001 A tender for a study to establish a method of increasing the marketing and distribution of South African stainless-steel products globally through collaborative e-business has been invited by the Fund for Research into Industrial Development, Growth and Equity (Fridge), a subcommittee of... 

SA-Moz plan for fuel-station roll-out

6th August 2001 An agreement has been signed between Sasol Oil Mozambique and Petromo 

Can South Africa win the war against pollution?

3rd August 2001 Cleaner air is still a long way off despite a public promise by Environmental Affairs and Tourism Minister Valli Moosa that new sulphur dioxide (SO2) laws would be in place by July. 

UK defence firm in R6,6bn SA offsets

3rd August 2001 Although UK-based defence firm BAE Systems will deliver the first operationally-ready Hawk to the South African Air Force (SAAF) only in 2005, it has so far placed workshare contracts worth more than R6,6-billion over the next six years with South Africa’s aerospace and hi-tech industry, as... 

Competition body approves switchgear acquisition

3rd August 2001 Technology group ABB South Africa, part of the global group, has been given approval by the Competitions Commission to acquire the assets of NEI Africa's Reyrolle switchgear business. 

Coega has merit as trans-shipment hub – study

2nd August 2001 An independent study by Stellenbosch-based Maritime Education Research and Information Technology (Merit) has found that the Port of Ngqura is viable without the Coega Industrial Development Zone (IDZ) and that South Africa needs a deepwater container facility at the port. 

Blair bashes barriers to developing countries trade

By: Keith Campbell     1st August 2001 UK Premier Tony Blair wants changes to EU agricultural subsidies and trade tariffs to benefit developing countries 

State sticks to its telecoms guns

1st August 2001 While South African telecommunication firms continue to wail and gnash their teeth, the Department of Communication stands firm on its policy directive issued last week. 

UK aero firm shoots down Denel speculation

By: Keith Campbell     31st July 2001 Aerospace firm BAE Systems has flatly denied a report in yesterday’s Financial Times that it is to pay R500-million for a minority share in South Africa’s state-owned defence group Denel. 

Valuable industrial areas being revitalised

30th July 2001 A R102-million investment is under way to arrest the decline of an area which produces 40% of South Africa's total manufacturing output. 

WTO expands as leaders talk about new talks

30th July 2001 Twenty-eight governments are currently negotiating the terms of accession to join the World Trade Organisation (WTO). 

Corporate goverance receiving more focus in Africa

By: Keith Campbell     30th July 2001 Corporate governance a new concept in Africa, because African capital markets themselves relatively new. Such markets important to Africa, and Corporate Governance needs African nuances. 

Bullet train from airport to Sandton in 12 minutes

27th July 2001 Imagine travelling from Johannesburg International Airport (JIA) to Sandton in twelve minutes. 

Three SA telcos by 2002

27th July 2001 In a departure from its previous policy the Communications Ministry is set to licence two operators in competition with Telkom after its period of exclusivity expires in May 2002. 

East London secures R100m for water projects

27th July 2001 The Amatole District Municipality (ADM) in East London, in the Eastern Cape, has secured close to R100-million for water-services projects from external funders for this financial year. 

Stainless at vanguard of SA steel consolidation

26th July 2001 The proposed Columbus-Acerinox deal hinges on formal written agreements being negotiated and concluded, the satisfactory completion of due diligence and the requisite approvals from the respective boards, stock exchanges and other regulatory authorities and third parties. 

Big African trade-facilitation plan

26th July 2001 A World Bank project on trade facilitation, standards and economic development has been launched to help five African countries strengthen trade prospects. 

Telecom bombshell expected on Thursday

25th July 2001 The much-awaited telecoms policy directive from the Department of Communications, expected for release on Thursday, is likely to deviate drastically from its policy direction issued earlier this year – this is anticipated to meet with mixed response. 

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