R/€ = 18.50 Change: -0.01
R/$ = 15.30 Change: -0.03
Au 1837.53 $/oz Change: -9.71
Pt 1062.39 $/oz Change: -28.77


US climate change drive bodes well for platinum, says WPIC

By: Tasneem Bulbulia     27th January 2021 Vowing to ‘build back better’, US President Joe Biden has placed climate change high on his administration’s agenda, with plans to achieve 100% clean energy and to commit to net zero by 2050. Underlining its intent, the US re-joined the Paris Climate Agreement, an international treaty on climate... 

Mara phones South Africa announces the appointment of a new managing director

By: Creamer Media Reporter      25th January 2021 Mara Phones, South Africa’s manufacturer of smartphones, has appointed Sylvester Taku CA (SA) to the position of Managing Director with immediate effect. Mr Taku has been doing business in Africa for over 20 years and has made accelerating growth through smart, well-considered moves his signature... 

Kia unveils new corporate name, strategy 

By: Irma Venter     25th January 2021 Kia has revealed a strategy it says will see the Korean car maker reach beyond vehicle manufacturing to “sustainable mobility solutions”. Signalling this break-away from its traditional manufacturing-driven business model, Kia has also announced a new corporate name and slogan. 

AfCTFA to help drive continent’s economic recovery from Covid-19 pandemic 

By: Simone Liedtke     22nd January 2021 The African Continental Free Trade Area (AfCFTA) can help drive the continent’s economic recovery from the deadly coronavirus pandemic and spur transformation, says Economic Commission for Africa (ECA) regional integration and trade division director Stephen Karingi. He says that, given that... 

Construction bodies unite into single alliance  

By: Irma Venter     21st January 2021 Twenty-nine of South Africa's professional, contractor, supplier and other bodies within the construction industry have united to form a single umbrella organisation, called the Construction Alliance South Africa (CASA). Industry stalwart John Matthews has been appointed as CASA chairperson. 

Work progresses at Kariba Dam Rehabilitation Project

By: Natasha Odendaal     19th January 2021 Binational organisation the Zambezi River Authority (ZRA) is progressing work at the Kariba Dam Rehabilitation Project (KDRP). In a January 19 update, the authority said that ongoing KDRP works comprise two components, namely reshaping of the plunge pool and the refurbishment of the spillway gates. 

From concrete slab to working crane

18th January 2021 Lifting equipment company Condra is to manage as a turnkey project the manufacture of a 70/5-ton electric overhead travelling factory crane and the construction of its gantry. The newly received order is for the design and supply not only of the crane itself, but also for the erection of the... 

R68 766 000 invested in Covid-19 research – Nzimande  

By: Sane Dhlamini     18th January 2021 The Higher Education, Science and Innovation Ministry on Monday announced that it has invested R68 766 000 towards coronavirus (Covid-19) research and development. Addressing the media, Minister Dr Blade Nzimande said the funds were approved to support Covid-19 research and development in... 

West Africa-focused Capital continues to build regional platform

By: Simone Liedtke     14th January 2021 West Africa remains a growth area for LSE-listed Capital, which continues to build its platform in the region, with new rigs arriving during the first quarter of the year, as well as the long-term contract secured with Firefinch in Mali and an expansion of operations into Guinea. As the new year... 

Absa PMI slumps to 50.3 in December 

By: Marleny Arnoldi     8th January 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 50.3 index points in December, from 52.6 points in November. The reading just above 50 index points suggests that growth is levelling off in the manufacturing sector after solid month-on-month gains were recorded in the... 

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