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African banks to fund construction of world’s biggest marine diamond mining vessel

By: Reuters     19th June 2019 Five African commercial banks have partnered in a $375-million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship,... 

South Africa urged to do more to develop its human capital base

By: Tasneem Bulbulia     19th June 2019   It is important for countries, and especially South Africa, to revisit how they build their human capital base. 

Mergence’s investment in Namibian solar plant signals further localisation

By: Tasneem Bulbulia     14th June 2019 Local asset manager Mergence Unlisted Investment Managers (Namibia) has bought a majority stake in the 6 MW Momentous Solar One plant, near Keetmanshoop, in Namibia. “The purchase of a majority stake in the Keetmanshoop project signals a positive trend to localisation of the industry – a solar... 

Time for Itac spring-clean and reform

By: Riaan de Lange     14th June 2019 President Cyril Ramaphosa's appointment of former Economic Development Minister Ebrahim Patel the Minister in charge of the new Department of Trade and Industry , which was merged with the Department of Economic Development not only with questions but provide for opportunities in respect of the... 

Broll Signs Exclusive African Affiliation with Cushman & Wakefield

By: Creamer Media Reporter      13th June 2019 Broll Property Group, the largest independently owned Pan-African commercial property services company, has entered into an exclusive affiliate arrangement with Cushman & Wakefield, a leading global real estate services company. The new venture represents a partnership with Broll’s Occupier... 

Top trends energising Africa’s power sectors

By: Creamer Media Reporter      12th June 2019 An optimal energy mix for Africa relies on a variety of generation technologies. In fact, in a 2015 report McKinsey estimated that if every country in Africa had to build to meet their current electricity demand, the region would require about $490 billion of capital for new generating capacity –... 

Deep Yellow raises cash for uranium strategy

By: Esmarie Iannucci     11th June 2019 Uranium junior Deep Yellow has raised A$9-million through a share placement, which will be used to fund the company’s growth strategy. The company issued more than 29-million shares, at a price of 31c each, under its placement capacity. 

AfriTin receives further assay results for Namibia mine

By: Tasneem Bulbulia     10th June 2019 Aim-listed AfriTin Mining has received the second batch of assay results as part of a resource validation drilling programme at its Uis tin mine, in Namibia. The programme was aimed at validating the historic information disclosed by SRK in 1985 and designed to support the declaration of a... 

Trevali recruits former Barrick COO to its board

By: Creamer Media Reporter      7th June 2019 Vancouver-headquartered zinc miner Trevali has appointed former Barrick COO Richard Williams to its board of directors. Commenting on the appointment, chairperson Jessica McDonald said that Williams’ track record as a global mining leader and board member, as well his unique set of skills and... 

Zero harm is possible – Zikalala  

By: Martin Creamer     7th June 2019 Nompumelelo (Mpumi) Zikalala has hit the ground running as the newly appointed Managing Director of De Beers Group Managed Operations in South Africa and Canada, which employ more than 5 500 people, including contractors. The focus of the De Beers Group Managed Operations leadership team is on... 

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