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IMF slates unpredictable policies in report Tanzania blocked

By: Bloomberg     Updated 5 hours ago The International Monetary Fund said that Tanzania’s economy is being harmed by the government’s “unpredictable and interventionist policies” in a report whose release the East African country has blocked. Tanzania refused to authorize the publication of the report, the IMF said Wednesday in a... 

Anglo steps up defense to repel Agarwal's interest – Telegraph 

By: Bloomberg     23rd April 2019 Anglo American has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources, Anil Agarwal, the Telegraph reported, citing unidentified people. Agarwal has previously stated he had no intention to take over the miner, but bankers think he... 

Access to finance hampers power sector progress

By: Mamaili Mamaila     19th April 2019 Among the challenges facing the power generation sector is access to finance to upgrade and maintain power infrastructure to extend the life of existing assets in a sustainable way, especially when it comes to new digital technologies, says international power generation company General Electric... 

Patented solution aims to free up working capital for construction firms

By: Schalk Burger     19th April 2019 A patented working capital solution ‘Sponsored Advance Retention’ – developed by insurance major Santam and local specialist capital consulting firm Capital Breakthru Solutions business development director Wayne van Houten – will release working capital for construction contractors and... 

Orion reawakening geological giant in Northern Cape  

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

TomaGold spin-out Monster Lake takes option over property

By: Creamer Media Reporter      18th April 2019 TSX-V-listed TomaGold’s proposed spin-out Monster Exploration has entered into a share purchase option agreement to acquire an option over the Philibert property, 10 km south-east of its Monster Lake property in Quebec's Chibougamau mining camp. Pursuant to the agreement, Monster has the right... 

Intu Properties, Cale Street sign JV for Intu Derby shopping centre

By: Simone Liedtke     18th April 2019 Intu Properties and investment firm Cale Street Investment on Thursday announced the establishment of a 50:50 joint venture for the Intu Derby shopping centre, in the UK. Intu Derby is located in the centre of Derby and is a retail and leisure destination in the 

Pilot Crushtec partners with Sanral to help smaller contractors tender for projects  

18th April 2019 The South African National Roads Agency has signed a memorandum of understanding with rock crushing equipment supplier Pilot Crushtec to engender relationships with smaller contractors in the lower end of the construction industry, as part of the organisation’s transformation drive. Tasneem... 

Nigeria has no intention of cutting fuel subsidy at this time

By: Reuters     18th April 2019 Nigeria has no intention of removing subsidies on petroleum products, its finance minister said on Wednesday after the International Monetary Fund (IMF) advised the country to eliminate them to protect public finances. Africa's top oil producer and biggest economy heavily subsidises gasoline and... 

Stornoway names new CFO

By: Creamer Media Reporter      18th April 2019 TSX-listed Stornoway Diamond Corporation has a new CFO. Dino Rambidis, who Stornoway describes as a seasoned leader with extensive financial experience, has replaced Orin Baranowsky with immediate effect. 

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