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Latest News

Envoys face more meetings ahead of Joburg summit

22nd July 2002 Nations have moved closer to agreement on a plan for eco-friendly development to be adopted at next month's global summit in Johannesburg, and envoys may meet again just before the summit begins, South African officials have revealed. 

New identity for consulting firm

22nd July 2002 Management consulting firm Deloitte Consulting has changed its name to Braxton. 

Analysts bullish on resources group oil prospect

22nd July 2002 Resources giant BHP Billiton’s Neptune oil find in the US Gulf of Mexico could be worth $600-million for the company based on upper-range estimates for the field, broker Merrill Lynch revealed in a research report. 

Escravos fire forces production shut-down

22nd July 2002 A fire at ChevronTexaco’s key Escravos oil terminal in southern Nigeria has forced the shut-in of some 300 000 barrels per day of oil production, a company source revealed. 

African groups want aid, trade from Joburg summit

22nd July 2002 Africa needs cash, technological help and trade concessions from rich countries if it is to protect its environment and meet its development goals, pressure groups have said. 

EU hits poorer countries over trade round block

19th July 2002 The European Union has warned that the new Doha Round of global free-trade talks could fail to meet its end-2004 deadline unless poorer countries agreed to start talks now on slashing goods tariffs. 

EU praised for agricultural moves

19th July 2002 Recent changes in US farm policies will depress world commodity prices while plans to reform Europe's common agricultural policy (CAP) mark an important step towards less trade-distorting practices, the OECD said in the Financial Times. 

SA mandated to finalise Joburg summit draft

19th July 2002 Envoys from 25 nations have narrowed their differences on a blueprint for environmentally-friendly development to be adopted at a global summit in Johannesburg that opens in less than six weeks, UN officials said. 

Oil firm aims to start new E Guinea field

19th July 2002 Independent US producer Amerada Hess, which has made a slew of discoveries in Equatorial Guinea recently, hopes to get these oilfields in production by the end of next year or early 2004, a company spokesperson has said. 

Mobile giant moves to bridge digital divide

19th July 2002 Thousands of learners in schools throughout South Africa have been booked a ticket on the digital highway through cellular phone mogul Vodacom. 

SA firms in E Guinea hydro-power refurb

By: Zonika Botha     19th July 2002 Pretoria-based company ARQ Consulting Engineers is spearheading a $1-million hydroelectric refurbishment project in Musola, Luba on the Bioko Island of Equatorial Guinea. 

Green energy plan for Joburg summit

By: Zonika Botha     18th July 2002 A Cape Town-based green energy service company will be facilitating a pilot project under the auspices of the Department of Environmental Affairs and Tourism to supply green electricity to two of the venues – the Ubuntu Village and the Expo Centre – at next month’s World Summit... 

Mbeki hopes to boost South's trade-talks standing

18th July 2002 President Thabo Mbeki will today attend the third Africa, Carribean and Pacific (ACP) Heads of State Summit in Fiji, where he is expected to further consolidate positions of the South in respect of the forthcoming multilateral negotiations on political and economic relations between developing... 

Japanese auto giant take big slice of SA unit

18th July 2002 Japanese auto giant Toyota has reached an agreement with joint-venture partner Wesco Investments to boost the percentage of shares that the company holds in Toyota South Africa from 35.7% to 74,9%. 

World Bank chief praises DRC's economic reform

18th July 2002 Tough economic reforms in the DRC have produced results and the central African country is on track to see much of its $12-billion debt erased by next year, the World Bank has said. 

World's largest turbine for paper and pulp industry to be built

18th July 2002 Siemens Power Generation (PG) Industrial Applications Division will build the world's largest turbine-generator set with a backpressure turbine in the paper and pulp industry, with delivery set for April 2004. 

SA to host global cement conference

18th July 2002 South Africa will next year for the first time host the International Congress on the Chemistry of Cement (ICCC 2003). 

Gauteng agency opens Brazil office

18th July 2002 Gauteng Economic Development Agency (Geda) officials will lead a business delegation to enhance trade and investment relations, and to open an office in Brazil, in South America. 

Steel firm to raise prices in September

17th July 2002 South African steel producer Iscor has said it would align its domestic steel prices in September to keep pace with fluctuating international dollar prices for hot rolled coil. 

Targeted procurement report released

17th July 2002 The Department of Public Works, the International Labour Organisation and the Development Bank of Southern Africa officially launched a report assessing targeted procurement in South Africa. 

Floor-tile manufacturer in R105m upgrade

17th July 2002 Local ceramic tile manufacturer Norcros SA, which markets its tiles under the Johnson Tiles brandname and its adhesives under the TAL brandname, is investing R105-million to increase its floor-tile production capacity at its Johnson Tiles plant in Olifantsfontein, Midrand, by more than 150%. 

Rich country subsidies hurting cotton growers

17th July 2002 Cotton producers in developing countries face yearly losses of some $9,5-billion as a result of subsidies benefiting rich countries, says a new report by a Washington-based cotton group released this week at a World Bank-sponsored meeting. 

Natref refinery boost output to 105 000 barrels

17th July 2002 South African synthetic fuel producer Sasol yesterday said it was expanding the crude distillation facilities at its Natref refinery to increase production to 105 000 barrels per day (bpd). 

US agency opens in Joburg

17th July 2002 The US Trade and Development Agency (TDA) earlier this week announced the official opening of a TDA regional business development office in Johannesburg, South Africa. 

Minister vows Joburg summit will go ahead

17th July 2002 South Africa has vowed that the Joburg Summit, which it is due to host next month, will certainly go ahead despite the absence of agreement so far on key goals for the global environment. 

Mobile telecoms firm not aware of Nigeria licence changes

17th July 2002 South Africa's M-Cell has said that it had received no notification from Nigeria of any alteration to the mobile phone group’s licence conditions there, despite a report that the government planned to make changes. 

Sulphuric-acid incident leads to injuries

17th July 2002 An undisclosed number of people were injured at Foskor’s new sulphuric acid plant in Richards Bay earlier this week. 

Metals sector jobs study under way

16th July 2002 A major research project aimed at facilitating the formulation of an integrated strategy to create and retain employment in the Southern African metal and engineering industries was initiated last month. 

Turbine machine acquisition concluded

16th July 2002 Telecommunications company Siemens Southern Africa has acquired Turborep, the leading turbine machinery company in South Africa, in a groundbreaking deal that will now enable Siemens to service all of its compressors locally. 

Aussie steel firm looks to consolidation

16th July 2002 Resources giant BHP Billiton’s A$2,4-billion spin-off BHP Steel yesterday listed on the share market at a premium, thereby underlining its ambitions to be a player in global industry rationalisation. 

SA needs cadre of skilled professionals

16th July 2002 South Africa needs a strong core of highly skilled professionals in science, engineering and technology to compete among the best globally, says arts, culture, science and technology minister Ben Ngubane. 

Industry department in service drive

16th July 2002 Easy access to business information, products and services through a 'Call Contact Centre,' - a high-tech facility used by the Department of Trade and industry (DTI) is set to expose more people to economic information and opportunities. 

Libya-Australia in trade pact

16th July 2002 Australia and Libya have signed a pact outlining goals to build on the A$40-million in trade between the two countries following the recent renewal of diplomatic ties after 15 years. 

US to add momentum to Doha trade round

16th July 2002 The US will continue its leadership in spurring momentum on the Doha Development Agenda in the World Trade Organization (WTO), advancing trade liberalisation proposals and strategies in key meetings, and holding bilateral and other consultations next week in Geneva, a press release from the US... 

Cement leader in environmental first

16th July 2002 The manufacture of quality PPC Cement products has been enhanced as the company recently reached a significant milestone of ISO14001 certification across its six cement manufacturing, cement milling facilities in South Africa, making it a first for the South African Cement industry. 

Six consortiums bid for Malawi-Moz rail-line

16th July 2002 Six international consortiums are bidding to rebuild a strategic railway line linking landlocked Malawi to Mozambique’s Indian Ocean port of Beira, a cabinet minister has said. 

Putting the general freight business back on track

By: Joanne Delaurentis     15th July 2002 If anyone has their work cut out for them it is newly-appointed GM of Spoornet's General Freight Business (GFB) Ravi Nair. 

State defence firm in non-core disposal

By: Zonika Botha     15th July 2002 In line with Denel Aviation Transport Maintenance’s (Datam’s) policy to focus on core business operations, the company – which supplies heavy scheduled and line maintenance as well as upgrades to new generation of various civil and military aircraft – has decided to... 

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