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Oil demand signals are flashing red as price dives toward $50

By: Bloomberg     12th June 2019 Oil demand is shriveling as the trade war between the US and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. Indicators including the profit from... 

Oil giants' chemical lifeline threatened by plastic-trash crisis

By: Bloomberg     6th June 2019 As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco... 

Saudi miner said to weigh world's biggest rights issue in a year

By: Bloomberg     27th May 2019 Saudi Arabian Mining is weighing a plan to raise as much as $5-billion through a rights offering that could be the biggest since mid-2018, according to people with knowledge of the matter. The shares slumped. The company, also known as Maaden, is working with HSBC Holdings’ Saudi Arabia unit on... 

Coca-Cola reformulates drinks following tax

By: African News Agency      23rd May 2019 Coca-Cola South Africa has cut the sugar in its drinks by a quarter (26%) since government introduced a tax on sugary drinks, according to Camilla Osborne, Head of Communications for Coca-Cola Southern and East Africa. On 1 April 2018, Treasury imposed a Health Promotion Levy of 2.1 cents per... 

Pharmaceutical Track and Trace

By: Creamer Media Reporter      22nd May 2019 Pharmaceutical counterfeiting is putting millions of lives at risk each year, and governments around the world are taking action to address this growing problem. For many, the principal weapon in that fight is track and trace regulations centered on product serialization – assigning and affixing... 

Oil climbs as Opec signal on output curbs overshadows trade risk

By: Bloomberg     21st May 2019 Oil rose for a second day on signs Opec and its allies will extend production cuts beyond June, while a steadily deteriorating US-China trade relationship kept prices from pushing higher. Futures in New York extended their gains after closing up 0.5% on Monday. Saudi Energy Minister Khalid... 

INITIATE INTERVIEW: “We want to be a part of ‘EmPOWERing Africa’. Training, coaching and mentoring of the youth is critical to the success of our future economy”

By: Creamer Media Reporter      14th May 2019 Exclusive interview with Shane Pereira, Business Development Executive at Lesedi Nuclear Services, sponsors of the Initiate! Impact Challenge that is taking place at African Utility Week and POWERGEN Africa at the CTICC from 14-16 May. The Initiate! 3-day challenge is for postgraduate students... 

Nearly R5bn in trade deals for Cape Town, Western Cape declared in 2018/19 – Wesgro

By: African News Agency      2nd May 2019 The Western Cape's trade promotion agency Wesgro said on Thursday it had helped secure R4.98-billion in trade declarations on behalf of the province and its capital Cape Town during the 2018/19 financial year. Wesgro says its international trade team also assisted in landing R381-million in... 

Ma'aden awards Outotec consortium multimillion-euro EPC contract

By: Creamer Media Reporter      30th April 2019 Saudi Arabian mining company Ma'aden has awarded a consortium comprising Outotec and Larsen & Toubro an engineering, procurement and construction contract to build a greenfield mineral concentrator and gold processing plant in Saudi Arabia. Outotec's share of the project is valued at more than... 

Kefi chairperson Mark Wellesley-Wood passes away

By: Tasneem Bulbulia     30th April 2019 Aim-listed Kefi Minerals on Monday noted its regret at the sudden passing of its chairperson Mark Wellesley-Wood. In a statement, the board and staff acknowledged the considerable contribution made by Wellesley-Wood towards the company’s development. 

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