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Latest News

Nigeria gas-to-liquids deal signed

24th August 2001 Joint venture agreements for the third phase of the Escravos Gas Project (EGP) and the Escravos Gas-to-Liquids (EGTL) project between Chevron and the Nigerian National Petroleum Corporation (NNPC) have been signed. 

Concessioning of port operations set for next year

24th August 2001 Government hopes to start concessioning port operations in the first quarter of next year. 

Smokeless fuel project for Africa

23rd August 2001 An official of Royal Dutch/Shell has reported that the company is studying the possibility of making a smokeless energy brick for cooking in African villages to reduce firewood consumption. 

R150m spent in support of innovative manufacturers

23rd August 2001 South Africa's latest technology was celebrated this week at the Industrial Innovation Awards held in Port Elizabeth. 

Europeans back Gauteng train ahead of investor conference

23rd August 2001 European train operators are impressed with Gauteng premier Mbhazima Shilowa's high-speed rail project and are convinced that it will be economically viable. 

Exports vital for SA defence sector’s survival

23rd August 2001 The South African defence budget will remain limited and insufficient to sustain a fully-fledged defence industry, warns Defence Deputy-Minister Nozizwe Madlala-Routledge, speaking at the African Defence 2001 Summit Conference in Sandton. 

Mineworkers, women take big position in energy major

22nd August 2001 The Mineworkers’ Investment Company (MIC) and WDB Investment Holdings (WDBIH) are to take an equity stake in BP’s South African operations giving them an immediate three seats on the board of BP Southern Africa and 25% shareholder voting rights. 

$64bn needed to fund MAP projects

22nd August 2001 The implementation and delivery of the new African Initiative objectives – more commonly known as MAP – are set to cost the continent $64-billion and now that the document has received widespread support, experts are warning that it is time to find the financing. 

Telecom orders flow for SA dc power equipment

22nd August 2001 As part of JSE Securities Exchange listed Grintek, Grintek Power Technologies, has grown sales of its dc power solutions to the telecommunications industry from R23-million last year to R67-million this year. 

Aerospace IP programme getting under way

By: Keith Campbell     21st August 2001 Boeing yesterday announced that it had formed a strategic partnership with the DTI and was in talks with the SA aviation company Aerosud concerning the manufacture of aircraft parts. 

‘Agoa II’ could give extra boost to SA textiles

21st August 2001 A proposed set of amendments to the African Growth and Opportunity Act (Agoa), still in their draft stages, are currently moving through the US administration and have been termed Agoa II, son of Agoa or even the Bush African initiative. 

SA steel giant rejects anti-dumping ruling

21st August 2001 South African steel giant Iscor has rejected insinuations that it had caused injury to either the US or Canadian steel market as a result of its exports to these countries. 

Namibia gets in on transfrontier park act

21st August 2001 Barely two months after the signing of a memorandum of agreement with Lesotho to establish the Maloti-Drakensberg Transfrontier Conservation Area, Environmental Affairs and Tourism Minister Valli Moosa and his Namibian counterpart Philemon Malima signed a memorandum of understanding to establish... 

Ministers to meet in Mexico as prelude to WTO

20th August 2001 AN informal group of trade ministers will meet in Mexico from August 30 to September 1 to boost momentum for the World Trade Organisation (WTO) ministerial meeting to be held in Doha, Qatar, in November, and to build consensus around the issues to be tabled. 

Government not helping SMMEs, says Erwin

20th August 2001 Trade and Industry Minister Alec Erwin once again admitted that government was failing South African small business, but promised new proposals by year-end to ensure that this sector had better access to finance. 

SA autocats for Europe and China

20th August 2001 Auto giant Volkswagen South Africa has secured a further R1,7-billion in catalytic converter contracts over the next five years for export to Europe and China. 

Local flight-monitors for new Hawks

By: Laura Franz     17th August 2001 South African avionics company Aerospace Monitoring and Systems (AMS), founded in the mid-1980s by a group of systems engineers from the local defence industry, has been awarded a R26-million rand contract to supply its health and usage monitoring system (HUMS) and crash survival recorders to... 

Big 'C'-change in network roll-out costs

17th August 2001 Within the next five years, the South African cellular industry's new kid on the block, Cell C, will be pumping some R2,5-billion into a new network infrastructure – more than double the local spending figure required in terms of its licence. 

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 

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