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Latest News

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... 

Morocco to spend $676m on rural electrification

15th July 2002 Morocco will spend $676-million (7,2-billion dirhams) between 2002 and 2006 to connect more than 11 000 villages to the national electric power grid, a senior Energy Ministry official has said. 

Oil demand expected to rise in 2003

15th July 2002 World oil demand growth in 2003 is set to rebound next year from this year’s paltry increase, but the impact of high crude prices on consumption and hiccups in the global economy recovery will stem the rise, oil analysts have predicted. 

SA taxman re-elected chair of world customs body

15th July 2002 The commissioner for the South African Revenue Service (SARS) Pravin Gordhan was unanimously re-elected as the chairperson of the Council for the World Custom Organisation (WCO). 

Israel oil pipeline to send Russian crude to Asia

15th July 2002 Russian oil could soon be flowing through a pipeline partly built by Iran and alleged by traders to have handled Iraqi crude in the most unlikely of places – Israel. 

Mpumalanga invests R216m in poverty alleviation

15th July 2002 Mpumalanga is the fifth-poorest province in South Africa with 57% of its population living in poverty, said social services, population and development MEC Busi Coleman last week. 

State IT firm aims to diversify client base

12th July 2002 Emerging State-owned information communication technology (ICT) force, arivia.kom, is hoping to diversify its sources of revenue away from its traditional parastatal client base. 

SA arm of troubled German group allays fears

By: Zonika Botha     12th July 2002 Power engineering company Steinm 

SA, UN press for Joburg summit blueprint

12th July 2002 Envoys from 25 nations will gather in New York next week in search of an elusive last-minute accord on a global blueprint for sustainable development, South African and UN officials said earlier this week. 

Nigeria, Morocco in telecoms restructuring

12th July 2002 Nigeria's privatisation agency earlier this week said that 14 international telecoms operators have expressed interest in managing national phone company Nitel. 

Angola might extend Cabinda oil rights to 2030

12th July 2002 A consortium led by Angolan state energy firm Sonangol has extended its offshore drilling and exploration rights in Cabinda until 2030, Portuguese lawyers negotiating the deal have said. 

US excludes 23 more steel products from duties

12th July 2002 The US Department of Commerce and the Office of the US Trade Representative (USTR) have announced the release of the fourth set of products to be excluded from the safeguard measure on steel products, introduced by President George W Bush on March 5, 2002. 

Brazil announces Aids drugs technology assistance programme

By: Keith Campbell     11th July 2002 Brazil has announced the creation of a programme to assist other developing countries to combat HIV/Aids. 

Resolution on ‘evergreen’ timber contracts still awaited

11th July 2002 Sawmilling company Yorkcor has been embroiled in ongoing litigation with the State-owned timber group Safcol in defence of its evergreen timber-supply contracts, and resolution is still some way off. 

World faces slump as natural resources run out

11th July 2002 Humanity is heading for a sharp drop in living standards by the middle of the century unless it stops its massive depletion of the Earth's natural resources, according to a report issued earlier this week. 

Tunisia to export LNG to Europe by 2004

11th July 2002 Tunisia hopes to export up to 900-million cubic metres of liquefied natural gas within two years in a bid to attract foreign investment in its energy sector, a government official said in remarks published earlier this week. 

Resources firm reviews Iran oil project role

11th July 2002 The world’s largest diversified miner BHP Billiton yesterday said it was reviewing whether it would participate in the Iran Foroozan-Esfandiar oilfields rejuvenation project. 

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