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More African capitals realise need for resilient, sustainable infrastructure 

By: Marleny Arnoldi     Updated 5 hours ago City of Tshwane executive mayor Stevens Mokgalapa says 71% of South Africa’s population will live in urban areas by 2030. This will increase further to 80% by 2050. Africa as a continent, meanwhile, is expected to reach 50% urbanisation by 2030, the mayor said, citing data from the World... 

Astral Foods secures emergency water arrangement for Mpumalanga facility 

By: Simone Liedtke     Updated 5 hours ago Poultry producer Astral Foods has recently, with the assistance of a number of national government departments, secured an emergency arrangement with the Lekwa municipality as an interim measure to stave off the water crisis affecting its Goldi poultry processing facility in Standerton,... 

Resgen says final member confirms participation in lending syndicate for Boikarabelo

By: African News Agency      24th June 2019 Energy resources firm Resource Generation (Resgen), which is listed on the ASX and the JSE, on Monday said the third and final member of the proposed lending syndicate for the construction of its Boikarabelo mine in South Africa had confirmed its participation in writing. It said the combined... 

EPA gives thumbs up to new A$1.27bn Fortescue mine

By: Esmarie Iannucci     24th June 2019 The Western Australian Environmental Protection Authority (EPA) has recommended environmental approval for iron-ore major Fortescue’s Eliwana iron-ore mine, in the Pilbara. The Fortescue board in May last year approved the $1.27-billion Eliwana mine and rail project, which will entail a new... 

Venus Metals, Rox to collaborate on four projects

By: Marleny Arnoldi     21st June 2019 ASX-listed Venus Metals has successfully formed four joint ventures in Western Australia with ASX-listed Rox Resources, with Venus receiving $2.5-million and 25-million shares from Rox. The Youanmi Gold Mine Joint Venture (OYG JV) is 50%-owned by each company, with Rox having the obligation to... 

Vasari to invest $100m in African breweries

By: Marleny Arnoldi     21st June 2019 Alcoholic beverage investor Vasari Beverages has completed a $100-million capital raise to fund the expansion of its existing beverage operations in Ethiopia, as well as to pursue new acquisitions and greenfield development opportunities across Africa and Asia. Vasari, majority owned by CEO... 

Johannesburg water shutdown: Contingency measures in place

By: African News Agency      21st June 2019 Environment and Infrastructure Services Department on Friday assured residents that during 54-hour Rand Water maintenance shutdown next week water supplies will be available, but some areas may experience low pressure. The City of Johannesburg said Rand Water, which supplies water to... 

SARB likely to cut rates at next meeting – economist 

By: News24Wire      21st June 2019 The South African Reserve Bank will likely cut the repo rate by about 25 basis points at its Monetary Policy Committee meeting in July and then keep rates flat for a while, Nicky Weimar, senior economist at Nedbank, said on Wednesday. In her view, such a rate cut might lead to some consumer... 

We need detail, and we need it soon, business says in SoNA response 

By: Terence Creamer     21st June 2019 Business Unity South Africa (Busa) has lamented the absence of “real implementation plans” from President Cyril Ramaphosa’s June State of the Nation Address (SoNA) and has urged him to work with business to table a clear implementation plan, with timeframes and milestones, to address South... 

Theft, vandalism slow new train rollout at Metrorail 

By: Irma Venter     21st June 2019 While the Gibela factory in Gauteng has started to steadily produce new, made-in-South Africa trains for the Metrorail system in South Africa, it appears it may take some time before these trains all start carrying passengers. The Gibela Rail Transport Consortium is to deliver 600 new trains (3... 

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