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Latest News

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4th April 2002 South Africa’s largest export credit insurer, Credit Guarantee, has withdrawn cover on new export contracts to Madagascar with immediate effect.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

Airport upgrade, Western Cape

1st April 2002 Compulsory site inspections have been held and tenders close on December 3, 7 and 10 for four sub-contracts in the project to extend and upgrade the international departures terminal at Cape Town International Airport into a world class facility. 

Championing local manufacture

By: Martin Creamer     28th March 2002 The window of opportunity is widening for South Africa’s local manufacturers who have retained strong engineering departments, honed their global competitiveness and gained black economic-empowerment status. 

A forum to regulate SA's regulators

28th March 2002 The Competition Commission, spearheading the drive to convene regular meetings between South African regulatory bodies, has launched the Regulators’ Forum. 

Southern Africa faces food crisis

28th March 2002 Much of Southern Africa will face a significant rise in food aid needs in the coming months, compounding shortfalls for 2,6-million people who are already desperately hungry, the United Nations said. 

SA’s producer inflation rises 13,2%

28th March 2002 South Africa’s production price index (PPI) showed an year on year rate rise of 13,2% annual for February, StatsSA reports. 

Nigeria halts telecoms sale

28th March 2002 Nigeria ordered the termination of the $1,3-billion sale of national phone company Nitel after the winning bidder, Investors International London (IIL), failed to complete the payment. 

New commitment to Telkom listing

28th March 2002 A delegation from the Government of South Africa led by Minister Jeff Radebe, Minister of Public Enterprises and Minister of Communications Ivy Matsepe Cassaburi, met with a delegation from Thintana in New York to review progress on the Telkom IPO. 

SA cell firm well ahead on Nigeria targets

28th March 2002 South African mobile phone group M-Cell said its MTN Nigeria operation had signed up 315 000 subscribers since its launch in August, sharply exceeding expectations. 

Construction starts on $450m Algeria cement project

27th March 2002 Algeria’s cement company ACC, a branch of Egypt-based Orascom Construction Industries group, has started building a $450-million cement plant. 

Study to seek ways of securing engineering jobs

27th March 2002 A tender for a study to facilitate the formulation of an integrated strategy for the retention and creation of employment in the South African metal and engineering industry has been invited by the Industrial Development Corporation (IDC). 

Oil major puts down Kudu demands

27th March 2002 The developer of the Kudu gasfield off Namibia’s Atlantic coast, Shell International, has put down a number of demands to the government before it can go ahead with the production phase of the project. 

Techno giant mum on debt facility

27th March 2002 Swiss engineering group ABB declined to give details of talks it is holding with creditor banks on terms of $3-billion in short-term loans it drew amid a squeeze in the commercial paper market. 

Petchem giant in R13bn capex this year

27th March 2002 South Africa's petrochemical giant, Sasol, will be investing R13,2-billion this year, R12,2-billion of which will be ploughed into more than 71 projects in Southern Africa, making it the largest individual industrial spender in the region. 

Consulting engineer in empowerment move

26th March 2002 Historically disadvantaged employees are to be offered 30% of consulting engineering firm Ninham Shand, through an innovative share scheme to commemorate the 70th anniversary of the firm. 

French group wins big Nigeria gas contract

26th March 2002 French energy services group Technip-Coflexip said its joint venture team, TSKJ, had won a $1,7-billion contract to expand a liquefied natural gas (LNG) facility in Nigeria. 

Mpumalanga in housing drive

26th March 2002 More than 70% of Mpumalanga’s housing budget, or R290-million, will be spent on housing projects this year, announced housing MEC Mabhuza Gininda 

Fibre speed, distance breakthrough

26th March 2002 The research arm of Lucent Technologies, Bell Labs, said that it has doubled the distance and the speed at which data can be sent over long-haul telecommunications networks. 

SA's rail tariffs shoot up

26th March 2002 South African rail utility Spoornet will sharply increase tariffs to move maize, wheat, oilseeds and other basic foods, raising concerns from food producers that the rise will further push up inflation. 

SA's taste for salt on the rise

25th March 2002 The market for salt will grow to an estimated turnover of over $6,9-billion by 2005, according to a new study by industry analyst, Gobi International. 

SA steel industry to launch export portal

25th March 2002 The South African steel industry is launching its own export portal on the world wide web in order to assist large and small companies to increase exports of value-added steel products. 

Zambia offers stake in oil firm

25th March 2002 The Zambian government will offer a 25% stake in oil firm British Petroleum Zambia (BP Zambia) in an initial public offering next month, privatisation officials said. 

UK disapproval over Tanzania air-traffic system

25th March 2002 The UK has delayed payment of  

Road body still mulling E Cape toll extension

By: Deborah Spicer     22nd March 2002 With significant equipment-upgrading expenditure on tolling facilities out of the way, the Tsitsikamma toll-road, between Salt river and Elandsbos in the Eastern Cape, will continue to operate largely unchanged until an additional 25-km section is included as part of the toll-road in about two... 

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