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Lithium projects in Africa increasing, but Americas will still dominate – Fitch Solutions

By: Tasneem Bulbulia     8th August 2022 Fitch Solutions Country Risk and Industry Research expects to see an increase in lithium development projects in Africa, particularly from Chinese firms, with investment buoyed by expectations for lithium to resist the downwards trend of most nonferrous metals in the second half of the year amid... 

UCT Genesis project to launch another eight start-ups at yearly event

By: Tasneem Bulbulia     8th August 2022 The UCT Genesis project will launch another eight dynamic student start-up businesses at the yearly UCT Genesis Product Launch and Exhibition, on August 10. This year, the headline sponsor for the event is Snapscan, with Greeff Properties sponsoring the VIP Section. 

Mpact’s interim earnings, revenue increase despite many headwinds

By: Darren Parker     8th August 2022 JSE-listed paper and plastic packaging manufacturer Mpact has reported an improved trading performance for the six months ended June 30, with group revenue for the period having increased by 5.2% year-on-year to R5.7-billion. The company attributed this to strengthened local demand for both... 

The most exciting NFT Project of 2022 was born in Cape Town

8th August 2022 My African Dream (MAD) — a luxe travel company with head offices in Cape Town —  have announced a unique collection of Non-Fungible tokens (NFTs) that will unlock thousands of dollars in travel vouchers annually.  Backed by Manacor Investments, who also happen to own the leading industrial... 

CSIR researchers urge learners to consider careers in science 

8th August 2022 “Science, technology, engineering, and mathematics (STEM) inspires young people to generate new technologies and ideas that are crucial to developing sustainable solutions to real-world challenges,” said doctoral researcher Rivalani Baloyi from the Council for Scientific and Industrial Research... 

Zest WEG develops a significant manufacturing capability

8th August 2022 Over the past 12 years Zest WEG, the South African subsidiary of Brazilian motor and controls manufacturer WEG, has evolved from being primarily a sales and distribution company to a fully-fledged manufacturer working to the best global standards. “In 2010 WEG acquired a majority shareholding in... 

Freight costs to blame for spike in global inflation, not oil – Botha 

By: Irma Venter     5th August 2022 Ever since global inflation started heading north at an alarming rate, much of the conventional wisdom on the causes of this trend has pointed to energy prices, especially gas, oil and petroleum, says Dr Roelof Botha, economic adviser to the Optimum Investment Group. Also, when analysing the... 

Lithium miner ioneer finds workaround for wildflower that’s stalling US project

By: Bloomberg     5th August 2022 A lithium supplier for Ford Motor and Toyota Motor expects to clear an environmental hurdle involving a rare flower next year, paving the way for deliveries to electric-vehicle makers ahead of looming shortages of the battery metal. ioneer seeks to build its Rhyolite Ridge lithium-boron project... 

New solution helps mines achieve 'optimal' blasting results

By: Schalk Burger     5th August 2022 Blasting technology and services company Bulk Mining Explosives (BME) has launched the next generation of its XPLOLOG blasting control real-time data solution to help mines achieve optimal blasting results to support mining efficiency. “It is important to have quick access to data on drill holes,... 

Manufacturers feeling pressure as payment delays continue

By: Tracy Hancock     5th August 2022 Local valve manufacturers continue to struggle with delayed payments from the mining industry, which comprises 55% to 60% of the South African valve manufacturing market, says South African Valve and Actuator Manufacturers Association chairperson Pam du Plessis. Implemented during the Covid-19... 

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