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Latest News

SMEs the key to growing SA’s business

30th May 2002 Designed to develop the small-business sector in South Africa, the section 21-company Small Business Project (SBP) has achieved great success since its inception in 1996, policy and research manager David Christianson reports. 

Gauteng to spend R1,5bn on water, sanitation

30th May 2002 The Gauteng government will spend R1,5-billion in the next four years to provide 230000 families with better water and sanitation services, Gauteng development planning and local government MEC Trevor Fowler said. 

Ivory Coast promotes trade and investment in SA

30th May 2002 The Ivory Coast has consistently been among South Africa’s top trading partners in Africa with exports totaling R2590million and imports amounting to R77-million. 

US exports misery to Africa with Farm Bill

30th May 2002 The White House and Congress are trumpeting their determination to bring economic opportunity to the people of Africa, but first, a few million sub-Saharan farmers will have to suffer, the Los Angeles Times reports. 

DRC hopeful that more will follow telecoms investment

30th May 2002 If billboards are a sign of economic activity, the only thing really happening in Kinshasa is mobile telephony. 

Iranians, Norwegians in gas-field deal

30th May 2002 Iranian oil company Petropars said that it had signed a memorandum of understanding with Norway’s Statoil to take a stake in the giant South Pars gas project if Enterpise pulls out. 

Auto manufacturer in R1,3bn export deal

30th May 2002 Auto manufacturer Delta Motor Corporation and automotive component manufacturer Bosal Afrika have cemented their close working relationship after securing a R1,3-billion catalytic converter export contract. 

Cellular operator's infrastructure rollout behind schedule

29th May 2002 South Africa’s third cellular operator Cell C has said that it aims to complete its first 1 

28 000 km subsea telecoms cable fully functional

29th May 2002 A $610-million fibre optic undersea cable system, with 17 landings in 16 countries connecting countries in Africa, Europe and Asia, has been operating without any glitches since the last week in April. 

China mulls tough cell-radiation standard

29th May 2002 China may impose the world’s toughest mobile phone radiation standards due to fear of health risks, telecoms officials said, threatening global cellphone makers with an expensive bill in their biggest market. 

Call for expressions of interest in East London IDZ

29th May 2002 The Department of Trade and Industry (DTI) has called for expressions of interest in the development of an Industrial Development Zone (IDZ) in East London, Eastern Cape. 

Agricultural trade system a serious problem – Erwin

By: Terence Creamer     29th May 2002 Trade and Industry Minister Alec Erwin yesterday described trade in agricultural products as one of the most serious problems facing the world trade system. 

R350m worth of tenders for Coega IDZ

28th May 2002 The Coega Development Corporation (CDC) is expected to issue tenders to value of R350-million over the next few months, with R250-million already published. 

ICT summit to draft new growth vision

28th May 2002 High-level representatives from government, business, labour and civil society will gather in Midrand, near Johannesburg from June 3 to June 4 to finalise a new vision on the growth of Information Communication Technology (ICT). 

Structured steel survey highlights challenges

28th May 2002 The South African Institute of Steel Construction (SAISC) recently did a survey among its steel contractor members to determine what are their most critical areas of concern. 

Norway oil minister to visit Angola

28th May 2002 Norwegian Oil and Energy Minister Einar Steensnaes will visit Angola from May 30 to June 4 for talks on oil and gas reserves in the African nation, the ministry said. 

€40m bridge and road contracts awarded in Zambia

28th May 2002 Two international joint ventures led by Concor have been awarded the contracts for the construction of a new 800 m long concrete bridge and the rehabilitation of a 200 km road. 

Egyptian phone firm plans to refinance Tunisian operation

28th May 2002 Telecoms firm Orascom Telecom said it was negotiating a broad refinancing package, including a syndicated loan of about $250-million for its Tunisian operation which it did not plan to consolidate on its balance sheet. 

SA mobile giant sees big thirst in Congo

28th May 2002 The newest mobile operator in the war-torn Democratic Republic of Congo (DRC), Vodacom, reckons it can generate three times more sales per subscriber than in its flagship South African operation. 

R50-billion for new projects

By: Marius Roodt     27th May 2002 South Africa's home-grown world-leader in the commercial production of liquid fuels and chemicals from coal and crude oil has a record R51,5-billion-worth of projects in various stages of implementation. 

R40m to be spent on flood-damaged roads in Mpumalanga

27th May 2002 Mpumalanga will spend R40-million this year to repair economically important roads that were severely damaged during the floods of February 2000. 

SA steel firm exempted from Chinese tariffs

27th May 2002 Steel firm Iscor welcomed a decision by the Peoples Republic of China to exempt South African steel products from safeguard duties that the Chinese have imposed for a six-month period. 

Nigeria approves 18 private oil refinery licences

27th May 2002 The Nigerian government said it had granted 18 preliminary licences for the setting up of private oil refineries in the country in further deregulation of its energy sector. 

Coega alumnium decision expected by January

24th May 2002 French aluminium producer Pechiney is expected to decide by January next year whether to locate its new $1,8-billion primary aluminium smelter at the proposed Coega harbour in the Eastern Cape. 

Construction firm in empowerment move

24th May 2002 Construction firm Basil Read has announced that it has taken a solid step towards realising its economic empowerment vision by forming BR-Ilima Projects in partnership with a consortium of emerging contractors and businessmen. 

SA steel group makes $105m acquisition

24th May 2002 South African steel group Scaw Metals, a wholly owned subsidiary of Anglo Ferrous Metals, has acquired the Moly-Cop grinding media businesses of GS Industries for $105-million. 

US steel moves go against world trade pact

24th May 2002 Mounting tensions between the US and trading partners in the developed and developing world look set to sink prospects for a new globaltrade pact by the end of 2004, diplomats and analysts say. 

SA construction subsidiary in R580m Oz contracts

24th May 2002 Construction group Aveng has announced that its Australian company, McConnell Dowell Corporation has been awarded new contracts with a value of about R580-million. 

DTI dismisses official

24th May 2002 A top Department of Trade and Industry (DTI) official linked to the controversial arms acquisition deal, Vanan Pillay, has been dismissed, with effect from yesterday. 

SA invites bids for Telkom licence stake

24th May 2002 South African Communications Minister Ivy Matsepe-Casaburri has invited bidders for a 51% stake in a telecoms licence to rival State-run utility Telkom. 

SA-EU trade deals show signs of success

23rd May 2002 Following the encouraging SA-EU trade figures for 2000, the European Commission is pleased to report that the strong trade growth pattern continued throughout 2001. 

Coega wants bridge to be E.Cape icon

23rd May 2002 The Coega Development Corporation (CDC) in association with the National Roads Agency has called for expressions of interest for the design of a 300 m bridge in the Eastern Cape. 

Australian steel group's prospects debated

23rd May 2002 Analysts are divided over the prospects of BHP Steel, which is being spun off from its parent BHP Billiton, with an attractive dividend yield matched against increasing commoditisation of its products. 

Confidence levels improve in consulting engineering industry

23rd May 2002 The South African Association of Consulting Engineers (SAACE) reported that while confidence levels of its members has shown an increase, the projected income forecast by members for the first half of 2002 is somewhat conservative. 

Nigeria seeks managers for State phone firm

23rd May 2002 Nigeria invited interested international telecoms operators on Tuesday to express interest in managing national phone carrier Nitel following the collapse of a $1,3-billion deal to sell the state firm. 

Morocco in solar power deal

23rd May 2002 A French consortium has won a $11,97-million contract to supply 16 000 Moroccan homes with solar power panels to generate electricity, consortium leader TotalFinaElf said. 

SA seeks Indian partner for Foskor

22nd May 2002 The strategic equity partner that the Industrial Development Corporation (IDC) is looking to find for phosphate rock producer Foskor, will have to be based in India. 

Delayed payments to engineers worsens again

22nd May 2002 Despite repeated cautions issued by the South African Association of Consulting Engineers (Saace) over the last 12 months, its latest Management Information Survey reviewing the period from July 2001 to December 2001 has once again highlighted that payment to member firms across the board... 

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