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African trade finance hit by pandemic, but opportunities exist

By: Tasneem Bulbulia     23rd April 2021 Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5-billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown. About $3.1-billion left the South African market alone, the report found. 

R32bn invested in black industrialists, DTIC says in inaugural report

By: Tasneem Bulbulia     20th April 2021 The Department of Trade, Industry and Competition (DTIC) has released the first yearly Black Industrialist Report, highlighting the direct funding provided by the department, the National Empowerment Fund (NEF) and the Industrial Development Corporation (IDC) to support black industrialists and... 

Australia’s latest resources boom is driving a surge in IPOs

By: Bloomberg     20th April 2021 Australia is leveraging off its strength as a mining powerhouse to become the go-to destination for initial public offerings in the resources sector. The ASX notched up 42 IPOs in mining-related businesses over the past 12 months despite the Covid-19 pandemic, well ahead of other hotspots... 

Sanbrado, Burkina Faso new emulsion production facility

19th April 2021 On the 13 February 2021, the new Orica Burkina Faso emulsion production and storage facility located in Sanbrado, Burkina Faso, West Africa was commissioned, and the first emulsion produced. This was the culmination of a project originally conceived in 2019 for a 2-line NOISE ANE production... 

$100bn bled from emerging markets during onset of Covid-19 in 2020 – Afreximbank

By: Donna Slater     16th April 2021 A survey and subsequent report ‘Survey of Impact of Covid-19 on African Trade Finance’ by the Africa Export-Import bank (Afreximbank), shows that outflows from emerging market economies in the first quarter of 2020 accounted for more than $100-billion. The report was a joint production between... 

Cabinet expected to approve Hydrogen Society Roadmap by early 2022 at latest 

By: Terence Creamer     14th April 2021 South Africa’s Hydrogen Society Roadmap (HSRM) will be presented for Cabinet approval either before the end of the year or early next year and should outline how the country’s resource advantages should be leveraged to produce green hydrogen, as well as to integrate hydrogen-related technologies,... 

Mining output up by 0.8% y/y in February

By: Simone Liedtke     13th April 2021 Total mining output (not seasonally adjusted) unexpectedly grew by 0.8% year-on-year in February after having contracted sharply by a downwardly revised 8.4% year-on-year in January. Nongold mining production grew by 2.4% year-on-year following a contraction of 7.8% year-on-year in January,... 

Yearly rate of contraction in manufacturing production eased in February

By: Tasneem Bulbulia     8th April 2021 The yearly rate of contraction in manufacturing production in South Africa eased to 2.1% in February from a downwardly revised 4.2% in January. Financial institution Nedbank notes that this was much worse than both the bank’s and Reuters consensus forecast of -0.4%, suggesting a much slower than... 

Coal output poised for growth this year after 2% fall in 2020 

By: Marleny Arnoldi     8th April 2021 Research agency GlobalData expects global coal output to have declined by 2% in 2020 owing to Covid-19-related lockdowns and restrictions. Notably, significant reductions have been observed in the US at 23.6%, Indonesia at 13.1%, Russia at 8.1% and Australia at 5.5%.  

Local battery material champions planning first-mover advances into new geographies 

By: Martin Creamer     2nd April 2021 South Africa’s team of local battery material champions are planning first-mover advances into new geographies. Mining Weekly can today report that Thakadu Battery Materials, which is producing high-purity battery-grade nickel sulphate for export, has a pipeline of new projects in place that will... 

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