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Sibanye keeps option to increase Lonmin offer against rival bid 

By: Bloomberg     20th May 2019 Sibanye Gold reiterated that its increased offer for Lonmin Plc is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge. While its current offer “is final and will not be increased", the company “reserves the right to set aside the no increase... 

ABM starts exploration at Cameroon cobalt/nickel project

By: Simone Liedtke     20th May 2019 Aim-listed African Battery Metals has started exploration activities at its cobalt/nickel project in Cameroon and will initially be targeting cobalt and nickel mineralisation at prioritised targets within the company’s licence areas. The work programme will start immediately, with a view to... 

Traka accelerates expansion into wider African markets

By: Creamer Media Reporter      20th May 2019 Leveraging on almost two decades of experience in South Africa, and a presence in a further six African countries, networked key and equipment management solutions company Traka Africa announces an acceleration in their growth strategy. It plans to open new operations or expand more widely in... 

Pioneer achieves credible performance in a constrained local market

By: Tasneem Bulbulia     20th May 2019 JSE-listed Pioneer Foods recorded a credible topline performance for the six months ended March 31, in a considerably constrained local consumer market with consequent competitive pressures. Revenue grew by 11.5% year-on-year to R11.04-billion, while sales volumes were up 2.7% year-on-year. 

Transport of wind turbine components for two projects under way

By: Tasneem Bulbulia     20th May 2019 Turbine tower sections for the Kangnas Wind Farm and Perdekraal East Wind Farm are being transported from the Port of Saldanha Bay and from Atlantis to the project sites. The two wind projects, which form part of Bid Window 4 of the Renewable Energy Independent Power Producers Procurement... 

Husband and wife team fuel Cape Town

20th May 2019 Phumla and Songezo Nayo are a testament to hard work paying off.  The married couple, who entered the fuel industry, with no prior experience were committed and absolutely determined to make their new business work. Today the Nayo’s are the proud owners of not one, but two Engen petrol stations,... 

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... 

Coca-Cola ends plan to refranchise Africa bottling unit, keeps majority stake

By: Reuters     20th May 2019 Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa, and would instead keep its majority stake in the unit for the time being. The US beverage giant had wanted to refranchise the unit as part of its global plan to divest its... 

Recycling used oil - fueling the economy and protecting the environment

20th May 2019 350 million litres of new lubricant oil is sold in South Africa every year. This new oil is a combination of locally manufactured, as well as imported lubes. Of all the oil that is sold, approximately150 million litres becomes used oil, of which 120 million litres is collectable for recycling.... 

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