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DTI to support South African companies participating in Africa Oil Week

By: Tasneem Bulbulia     20th May 2019 The Department of Trade and Industry (DTI) will, for the first time, showcase 15 to 20 local companies in the South African National Pavilion at the Africa Oil Week, which will be held in Cape Town from November 4 to 8.   With the event focused on Africa’s upstream oil and gas sector, the DTI... 

KZN learners to represent South Africa in global water prize competition

By: Tasneem Bulbulia     20th May 2019 Two learners from Star College High in Durban, KwaZulu-Natal, were announced as the winners of the twentieth national South African Youth Water Prize competition. Their Hydro-Conservation innovation, is aimed at reducing the quantity of water that is wasted in households across South Africa daily... 

Bamboo Capital Partners and Smart Africa join forces for first-of-its-kind blended finance technology impact fund

20th May 2019 The BLOC Fund, managed by Bamboo, is a first-of-its-kind blended finance technology impact fund targeting underserved communities in emerging markets The partnership with Smart Africa will support fundraising efforts and sourcing deal flow BLOC has a €100 million target from a combination of... 

Load-shedding’s impact on first-quarter GDP ‘more muted’ than thought – Intellidex

By: Simone Liedtke     17th May 2019 Based off high-frequency data, the impact of record load-shedding during the first quarter of this year is “more muted than previous estimates would suggest”, financial consultant Intellidex said on Friday. The company explained that it could account for about R300-million per stage per day so... 

Nordic countries strengthen partnerships with sub-Saharan Africa

By: Kim Cloete     17th May 2019 The Nordic countries of Denmark, Finland, Norway and Sweden are strengthening their partnerships with sub-Saharan African countries to increase green electrification and water security. The four countries are known for their expertise in developing viable and innovative energy systems, with a... 

Mozambique’s GDP growth to fall to below 3% following Idai

By: Marleny Arnoldi     17th May 2019 The Mozambican government has estimated its emergency assistance needs and reconstruction costs following cyclone Idai, in March, will reach $1.5-billion, or about 10% of the country’s gross domestic product. The International Monetary Fund (IMF), in a report, compiled information around the... 

SA business delegation heads to Uganda to explore trade and investment opportunities

By: African News Agency      17th May 2019 A group of 25 South African business people were in high spirits ahead of their departure to Kampala, Uganda, to explore trade and investment opportunities in the agro-processing, capital equipment, energy and furniture sectors in the East African country. This is according to the Department of... 

Vulcan’s new MD Preggie Govender’s vision for growth

By: Creamer Media Reporter      17th May 2019 Vulcan Catering Equipment has a new Managing Director, Preggie Govender, who assumed the role in January and has moved from Vulcan’s Durban office to its head office in Industria, Johannesburg. Govender, 48, has a 29-year history with the company having moved up the ranks over the years. He was... 

Local expo to showcase South Africa’s manufacturing capabilities 

By: Simone Liedtke     17th May 2019 Determined to broaden the inclusion of local manufacturers in local and international supply chains, the South African Capital Equipment Export Council has partnered with Specialised Exhibitions Montgomery to launch the Local Southern African Manufacturing Expo, which has, so far, received over 3... 

Collaboration seen as key as SA moves to position for 4IR epoch 

By: Natasha Odendaal     17th May 2019 While President Cyril Ramaphosa’s Fourth Industrial Revolution (4IR) visions for South Africa are gaining some traction, the success of a new digital future will require extensive coordination and deep collaboration across every sphere and sector. Following a technology-centred State of the... 

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