R/€ = 16.27 Change: -0.01
R/$ = 14.52 Change: 0.01
Au 1342.26 $/oz Change: -1.90
Pt 800.18 $/oz Change: 2.92


South Africa not the gateway to Africa, warns research house 

By: Irma Venter     18th June 2019 South Africa is not, as is so often punted, the gateway to Africa, says Africa House director Duncan Bonnett – this is a mere “influence illusion”. The country is more a gateway to Southern African, and not even all of that. 

Egypt's Tourah Cement stops production due to oversupply

By: Reuters     18th June 2019 Egyptian cement maker Tourah Cement, a subsidiary of Germany's HeidelbergCement , says it has suspended production because of financial distress caused by oversupply in the Egyptian market and is considering liquidation. "Estimated cement consumption during 2019 will end at around 50-million... 

Airbus signs amended contract with launch customers for A400M airlifter

By: Rebecca Campbell     14th June 2019 The Airbus group announced in Amsterdam on Friday that it had signed an amendment to its contract with OCCAR (the French acronym for the Organisation for Joint Armament Cooperation) for the A400M military airlift aircraft. The OCCAR member states are Belgium, France, Germany, Italy, Spain and the... 

Third-quarter ferrochrome price down 13% q/q

By: Nadine James     14th June 2019 JSE-listed Merafe Resources on Friday advised shareholders that the European benchmark ferrochrome price had been settled at $1.04/lb for the third quarter. This represents a 13.3% decrease on the ferrochrome price of $1.20/lb for the second quarter, and is the lowest level since the third... 

Mediterranean Rail Freight Corridor – Murcia-Almería section, Spain

By: Sheila Barradas     14th June 2019 Adif is building a railbed for a section of high-speed line on Mediterranean Rail Freight Corridor. 

Solutions provider releases new admixture for variable aggregates

By: Cameron Mackay     7th June 2019 Construction chemicals and solutions provider Mapei South Africa released the new Dynamon MS 100 acrylic-based admixture product earlier this year for use in concrete where there are variable-quality aggregates. The admixture prevents variations in the quality of aggregates, particularly in... 

Bidders scramble to break up British Steel ahead of June 12 deadline – sources

By: Reuters     5th June 2019 Steelmakers and private equity are working on proposals for only parts of the collapsed British Steel pending a June 12 deadline for binding bids, sources close to the process said. None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the... 

Po Valley eyeing dual listing on Aim

By: Creamer Media Reporter      4th June 2019 Oil and gas explorer Po Valley Energy is considering a dual listing on the Aim market of the London Stock Exchange, the ASX-listed company reported on Tuesday. “The London market is more knowledgeable and focused on European gas and energy assets and we expect a dual listing could result in... 

Oil monitoring technology prolongs gearbox life

31st May 2019 Advanced monitoring technology company Atten2 presented its OilHealth and OilWear on-line optical sensors at the Wind O&M EU 2019 trade fair, held in February in Munich, Germany. Atten2 produces and markets the OilHealth and OilWear on-line optical sensors for the analysis of industrial fluids,... 

Durban port upgrade and expansion project, South Africa

By: Sheila Barradas     31st May 2019 Transnet has said that its contractor, CMI Emtateni Joint Venture, has terminated its R4.2-billion contract for a megaproject to create deeper berths at the Durban Container Terminal. 

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