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Latest News

China’s power surge spurs aluminium explosion

13th February 2003 The rapid expansion of power generation has fuelled an explosion in aluminium production in China, which has now become a firm net exporter, a senior Chinese executive said. 

Land approval for innovation hub

13th February 2003 The development of The Innovation Hub in Pretoria has been approved in the final report of the Development Facilitation Act (DFA) Tribunal, released recently. 

DBSA signs MoU with Angolan project facilitator

13th February 2003 The Development Bank of Southern Africa (DBSA) and the Banco de Poupan 

Waste management firm reports rise in earnings

12th February 2003 Waste management group EnviroServ yesterday announced its financial results for the six months ended December 31, 2002. 

Zinc body to pursue new markets

12th February 2003 The establishment of the International Zinc Association Southern Africa (Izasa) last year has provided a forum for facilitating greater utilisation of zinc in all its forms. 

Nepad secretariat to host science, technology workshop

12th February 2003 The South African Department of Arts, Culture, Science and Technology will be hosting the New Partnership for African Development (NEPAD) Workshop on Science and Technology from February 17 to 19. 

Hi-tech map boosts conservation efforts

12th February 2003 A new computer based conservation map could put an end to irresponsible development in KwaZulu-Natal and improve environmental protection. 

UK company invests in SA nuclear consultancy

12th February 2003 UK company, NNC Holdings Limited has acquired a 50% stake in the South African-based company, Nuclear Consultants International (NCI). 

SA steel consumption growth boosts Hiveld

12th February 2003 South Africa’s second-largest steel producer, Highveld Steel and Vanadium, reported a significantly higher operating profit for the year ended December 2002, on the back of a strong local steel market, improved export steel and ferroalloy selling prices, and a weaker rand. 

Deadline for Komatiland privatisation approaches

By: Martin Czernowalow     11th February 2003 The cut-off date for submitting non-binding expressions of interest for a major stake of Komatiland Forests Limited in on February 28, the South African Department of Public Enterprises (DPE) says. 

Sappi appoints Leslie new CEO

11th February 2003 South African pulp and paper giant Sappi said yesterday it had appointed Jonathan Leslie to succeed Eugene van As as CE from April this year, ending months of speculation. 

Aluminium project confirms SADC as investment site of choice

By: Martin Zhuwakinyu     11th February 2003 The team implementing the $449-million expansion at the Hillside Aluminium smelter in Richards Bay has completed the civil and structural steel works, and is about to embark on the installation of mechanical and instrumentation equipment. 

Entrepreneurs upbeat about 2003

11th February 2003 South African specialised investment group for small and medium enterprises, Business Partners, reports that, contrary to international trends, South African entrepreneurs are upbeat about the prospects for business success in 2003. 

BHP Billiton returns positive drill results from Mexico programme

11th February 2003 The world’s largest diversified miner, BHP Billiton, has announced the results of appraisal well GC 743-5 (Atlantis-6) and approved full funding for the development of the Atlantis field. 

Telekom Malaysia seeks arbitration over Ghana deal

11th February 2003 Telekom Malaysia said yesterday it has sought international arbitration for its dispute with the Ghanaian government over investment in Ghana Telecom. 

R8,5m switchgear contracts awarded

11th February 2003 Two contracts, worth a total of R8,5-million, have been awarded to the medium voltage division of ABB Power Technology for the supply, installation and commissioning of electrical switchgear systems for two new plants being constructed for Sasol, one in Secunda and the other in Sasolburg. 

Big energy-market shake-up in the offing

By: Joanne Delaurentis     10th February 2003 South Africa could soon have its own independent wholesale electricity trading exchange, able to facilitate a number of competitive electricity suppliers and consumers in one integrated multimarket model (MMM). 

Coega port project concludes labour deal

10th February 2003 The Coega port project has signed an agreement to standardise relations between labour and employers in the deepwater port of Ngqura construction site, near Port Elizabeth. 

Iraq war could undermine Nepad

By: Martin Czernowalow     10th February 2003 The South African Chamber of Business (Sacob) warned that the threat of war in the Middle East is having a negative effect on world markets, with the resultant fluctuations in the price of crude oil fuelling recessionary world economic trends, particularly in the US. 

Extended Gautrain enviro study this month

10th February 2003 The public has been requested to comment on two draft reports concerning the Gautrain Rapid Rail Link’s Tshwane route alignment. 

Steel firm seeks to cut supply to auto giant

10th February 2003 US steel producer AK Steel Holding Corporation is asking an Ohio judge to allow it to stop shipping steel to General Motors, because of a contract dispute, said media reports on Friday. 

Small airlines will struggle to meet noise regulations

10th February 2003 Noise abatement procedures that are expected to be implemented by the South African government this year, to make aircraft quieter and safer, are expected to have serious implications for both local and international airlines. 

Truck maker bearish on world economic recovery

10th February 2003 Sweden's AB Volvo, the world's second-biggest truck producer, reported better than expected fourth quarter pre-tax profits on Friday, but said there would be no swift recovery in its two key markets. 

Zim telecom group eyes growth in Africa, New Zealand

10th February 2003 African operator Econet Wireless International (EWI) said it would use 2003 to build up its telecoms operations on the continent, the world's fastest-growing market, and launch its New Zealand network. 

SA explores cheap Aids drug plan

7th February 2003 The South African government, under growing pressure to supply anti-Aids drugs nationwide, said this week it was exploring a cost-effective way of providing life-saving anti-retroviral medications. 

Goldleaf to negotiate with State on SNO role

7th February 2003 Goldleaf Trading, one of two consortia which unsuccessfully bid for a stake in South Africa's proposed second national operator (SNO), has accepted an invitation to negotiate directly with the government. 

Global uncertainty, stronger rand making manufacturers cautious

By: Martin Czernowalow     7th February 2003 The South African Chamber of Business (Sacob) yesterday reported that overall confidence levels in the manufacturing sector declined in January, following on manufacturing output that seems to have reached a ceiling for the time being. 

SABS responds to tyre manufacturers

By: Martin Czernowalow     7th February 2003 Responding to allegations by tyre manufacturers that the South African Bureau of Standards (SABS) is failing to deliver service to the industry and consumers, the body said it does not provide a service to any industry, but merely acts as a regulator. 

Iscor says strike threat is premature

7th February 2003 South African steel producer Iscor said yesterday threats by union members of a strike were premature and the company would try to resolve grievances as soon as possible. 

WTO membership rises to 145

7th February 2003 This week Armenia became the 145th member of the World Trade Organisation (WTO), 30 days after the secretariat received official notification of the ratification of Armenia's Protocol of Accession. The General Council approved the country's accession package last December. 

SA airports in big security overhaul

By: marisa rodrigues     6th February 2003 Local airports operator, the Airports Company South Africa (Acsa), is to spend about R140-million over the next two to three years on improving aviation security at its ten airports. 

French engineering group makes headway in SA

6th February 2003 Leading French engineering, construction and services company, Technip-Coflexip, appears to making significant headway in South Africa and among South African-based companies, with three significant contract awards over the past few months. 

Steel exporters portal continues to expand

6th February 2003 More than 150 companies have joined the South African steel industry’s Internet-based Africa Trade Steel Export Portal, www.steeltrade.co.za. 

World's municipal engineers to gather in Cape Town

6th February 2003 The Institution of Municipal Engineers of Southern Africa(IMESA) will be hosting their annual conference in association with the International Federation of Municipal Engineers(IFME) Congress from the 4th to the 7th November 2003. 

Orange Farm's water supply receives an upgrade

6th February 2003 Johannesburg Water (JW), the water and sanitation service provider for the cty has completed work in Orange Farm aimed at improving water supply and reticulation services. 

Numsa-Iscor meet to iron-out differences

6th February 2003 The National Union of Mineworkers of SA (Numsa) and Iscor's steel division are expected to enter into a "last round" of talks on Thursday, the union said. 

Track-maker opens new facility

By: Keith Campbell     6th February 2003 Truck-maker Nissan Diesel South Africa has completed concentrating all its activities and entities under one roof. 

Vodacom breaches 8m subscriber mark

6th February 2003 Mobile network operator, Vodacom, now has over eight-million customers on the African continent. 

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