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Latest News

Kenya earns $70m on back of US trade deal

11th April 2002 Kenya earned $70-million last year from textile exports to the US market following the enactment of the African Growth and Opportunity Act (Agoa). 

World Bank calls on rich to help Africa

11th April 2002 Africa urgently needs rich nations to deliver on their promises of more generous aid and wider trade opportunities to reverse the cruel effects of the HIV/Aids pandemic, civil wars, and persistent low growth rates, the World Bank said. 

Construction of New Marion Island research base

11th April 2002 The construction of a new research base on Marion Island by the Directorate: Antarctica and Islands of the Department of Environmental Affairs and Tourism is on the cards. 

Rail tariff hikes set to continue

11th April 2002 South Africa’s State-owned rail utility, Spoornet, will continue to raise the tariffs it charges for its loss-making General Freight Business (GFB) for the next three years. 

Web-base emerging market investment tool

10th April 2002 The Multilateral Investment Guarantee Agency (MIGA) lifted its investment marketing services up a notch with the launch of FDI Xchange, a unique tool that links investors with real-time information on investment opportunities and market analysis in emerging economies. 

SA helps boost EU aircraft maker

10th April 2002 European aircraft maker Airbus SAS said that this year it expects to share about 400 to 500 commercial jet orders with rival Boeing as airlines rebound from the September 11 attacks. 

End of border row opens way for oil field

10th April 2002 US major ExxonMobil will operate a TotalFinaElf discovered oilfield in disputed waters in Nigeria after the West African nation and Equatorial Guinea settled a maritime border row. 

Transport utility further dilutes control in phone operator

10th April 2002 South Africa’s Johnnic Holdings said it had concluded a voting pool arrangement with transport utility Transnet over the two groups’ interests in mobile phone operator M-Cell. 

Business liquidations continue to soar

10th April 2002 The recent sharp increase in the number of company and closed corporation liquidations continued in February, with experts fearing the worst is still to come. 

New body for built-environment profession launched

9th April 2002 A new body, the Council for the Built Environment (CBE), was launched in Pretoria yesterday, and has been created to enable the future growth and development of the built environment professions to meet the country’s infrastructure delivery challenges. 

Govt in 'state-of-construction' probe following collapes

9th April 2002 The Department of Public Works has commissioned a study into the state of the construction and building industry in light of a spate of building collapses, the latest being in Pretoria on Sunday. 

SA battles it out for Coega aluminium project

9th April 2002 South Africa, Australia, and now Qatar are laying elaborate incentives on the table in a bid to secure a multimillion-dollar investment by French company Pechiney in the form of a 460 000 t/y primary aluminium smelter. 

Zambia dissolves oil purchaser

9th April 2002 The Zambian government has wound up and dissolved debt-ridden state oil purchaser Zambia National Oil Company (ZNOC) with immediate effect, Finance Minister Emmanuel Kasonde said. 

Good governance key to African investment – Chretien

9th April 2002 Canadian Prime Minister Jean Chretien said Nigeria’s difficult decision to support sanctions against Zimbabwe demonstrated how African leaders can promote good governance as a trade off for massive Western investment. 

12 more Hawks definitely on the way

By: Terence Creamer     9th April 2002 Cabinet has confirmed its commitment to proceed with the second procurement tranche in its multibillion-rand arms re-equipping programme, Trade and Industry Minister Alec Erwin revealed yesterday. 

Southern Africa is becoming an aluminium-smelter destination

8th April 2002 Deep-sea ports and reliable competitively-priced electricity could give Southern Africa an edge over many regions as the location of some of the potential aluminium smelters resources giant BHP Billiton is considering. 

French group wins big DRC mobile-phone contract

8th April 2002 French telecoms equipment maker Alcatel has won a five-year contract worth more than 145-million euros to build a GSM mobile phone network for Vodacom in the Democratic Republic of Congo. 

West African states solve dispute on oil-rich border

8th April 2002 Nigeria and Equatorial Guinea said they had resolved a maritime border dispute, paving the way for oil multinationals TotalFinaElf and ExxonMobil to operate normally in one of the world’s most promising exploration zones. 

SA test solar generation option

8th April 2002 Energy utility Eskom and the Development Bank of Southern Africa (DBSA) have announced the proposed launch of a solar dish-engine system, which will be erected at the premises of DBSA. 

Crop forecasting goes hi-tech

5th April 2002 South Africa will use satellite imaging, state-of-the-art computer programmes and personal visits to farms to improve the accuracy of summer crop estimates, agriculture officials said. 

Drilling for crude in Chad

5th April 2002 An international consortium led by ExxonMobil has begun drilling for crude oil in Chad, meaning billions of dollars of oil money could soon be pouring into one of the poorest countries in the world. 

Mali gears up for ICT summit

5th April 2002 A regional preparatory conference for the World Summit on the Information Society, to be held in Bamako, Mali from May 28 to May 30, was the focus of talks between the secretary-general of the International Telecommunication Union (ITU), Yoshio Utsumi, and the President of Mali, Alpha Oumar Konar 

Enviro study for 110 km hydrogen pipeline launched

5th April 2002 An environmental impact assesment (EIA) for a proposed 110 km pipeline to supply hydrogen gas from Sasol Chemical Industries (SCI) in Sasolburg to the Impala Platinum Refineries in Springs is currently under way. 

Steel firm welcomes competition decision

5th April 2002 Steel firm Iscor welcomed the reasons given by the South African Competition Tribunal that allows the merger between Saldanha Steel and Iscor to proceed. 

Water polluters will start paying penalties by 2004

4th April 2002 The Department of Water Affairs and Forestry (Dwaf) is developing a Waste Discharge Charge System (WDCS), which will provide a framework for billing water users that dispose of their waste into water resources. 

Nigeria mulls legal action in wake of telecoms deal collapse

4th April 2002 Nigeria said it was considering legal action against Investors International London (IIL) after a $1,3-billion deal for the state telecoms company, Nitel, collapsed last week. 

Southern Africa facing big food crisis

4th April 2002 Southern African states, including troubled Zimbabwe, face widespread hunger as imports arrive too slowly in drought-hit areas, a regional food security unit said. 

Export insurer withdraws Madagascar cover

4th April 2002 South Africa’s largest export credit insurer, Credit Guarantee, has withdrawn cover on new export contracts to Madagascar with immediate effect. 

Strike threat hangs over engineering sector

3rd April 2002 If a meeting between the National Union of Metalworkers (Numsa) and the South African Engineering Federation of South Africa (Seifsa) on April 12 fails to provide a concrete solution to a dispute, more than 200 000 workers in the local engineering industry will down tools. 

EU-Senegal fishing talks collapse

3rd April 2002 Talks between the European Union (EU) and Senegal about fishing rights failed because they could not agree how much the West African country should be paid to let EU ships into its waters. 

Ivory Coast gets $365m IMF boost

3rd April 2002 The Ivory Coast will receive $365-million over the next three years after the International Monetary Fund (IMF) ‘in principle’ approved the funding of loans to the West African country. 

Action plan for bridging 'digital divide'

3rd April 2002 The world’s largest and highest-level global conference on development telecommunications, the International Telecommunication Union’s (ITU) third World Telecommunication Development Conference (WTDC) ended with 1150 delegates from 152 countries adopting the Istanbul Declaration and... 

Tariff changes to boost competitiveness of SA's ports

3rd April 2002 Cargo importers and exporters will be the main beneficiaries of the reduced wharfage rates being implemented across South African ports by the National Ports Authority of South Africa (NPA), according to the CEO of the NPA, Siyabonga Gama. 

Joburg's summit still short of cash

3rd April 2002 Organisers of a world development summit to be held in Johannesburg later this year said it had secured more money from local firms but still lacked a third of funds needed to meet its budget. 

SA firms sniff Angola gas opportunities

2nd April 2002 With international pressure growing for a reduction in carbondioxide emissions, gas is being viewed worldwide as an important source of clean energy and is currently the second most popular energy source globally. 

Midrand shopping complex comes back on the radar

2nd April 2002 The development process for Zonk’Izizwe (all nations), Africa’s largest shopping and family entertainment complex, which is proposed for a 65 ha site in Midrand, between Johannesburg and Pretoria, is gaining momentum. 

Gauteng enters new procurement era

2nd April 2002 The Gauteng Provincial Legislature has repealed the Provincial Tender Board Act, 1994, and the Provincial Tender Board ceased to exist from Sunday, March 31. 

Chilean steel makers vow to continue fight for protection

2nd April 2002 Chilean steelmakers lamented a domestic decision against safeguard duties on steel imports and vowed to keep fighting to protect their industry after the US slapped hefty tariffs on its steel imports this month. 

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