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MAST successfully closes Bordersley flexible power site acquisition

By: Tasneem Bulbulia     21st June 2019 Dual-listed Kibo Energy’s 60%-owned subsidiary, MAST Energy Developments (MED), has completed its acquisition of Bordersley Power, a special purpose vehicle (SPV) that will hold a 5 MW gas-fuelled power generation plant targeting commercial commissioning at the end of the first quarter of 2020.... 

As South African demand stagnates, auto exports set new records 

By: Irma Venter     21st June 2019 Automotive exports from South Africa had a positive 2018, setting a number of new records on the way up. In doing so, the industry managed to compensate for some of the losses seen in the South African new-vehicle sales market last year as the domestic economy continued its uphill battle, says... 

As South African demand stagnates, auto exports set new records

By: Irma Venter     21st June 2019 Automotive exports from South Africa had a positive 2018, setting a number of new records on the way up. In doing so, the industry managed to compensate for some of the losses seen in the South African new-vehicle sales market last year as the domestic economy continued its uphill battle, says... 

Aerospace giants displaying their wares at Paris

By: Rebecca Campbell     21st June 2019 Global major aerospace groups Airbus and Boeing are both using the current Paris Air Show (at Le Bourget Airport) to display innovative technologies and programmes. Airbus will also be marking its 50th birthday. Both companies will have commercial and military, fixed- and rotary-wing, aircraft on... 

Resolute Mining determined to grow as adds London listing

By: Reuters     20th June 2019 Australian-listed gold miner Resolute Mining lists on the London Stock Exchange on Thursday to broaden its investor base and pursue its ambition to be a high-tech, pan-African gold producer, partly through acquisitions. New listings have been scant in London, where uncertainty over Britain's... 

Motus’ South African vehicle sales decrease

By: Tasneem Bulbulia     19th June 2019 Motus’ total vehicle market performance in South Africa declined by 2.4% in the 11 months to May 31, with 496 512 units sold, compared with the 508 785 units sold in the 11 months to May 31, 2018, with the country’s and global economic and political environments having been unsettled during the... 

Lydian’s trespassing woes not over yet despite court ruling

By: Mariaan Webb     18th June 2019 Despite a court ruling that police should remove trespassers and their property from TSX-listed Lydian International’s Amulsar site, in Armenia, illegal blockages are continuing and the company had to turn to the courts again for an additional ruling. Lydian expects its new motion to be heard... 

Airbus signs amended contract with launch customers for A400M airlifter

By: Rebecca Campbell     14th June 2019 The Airbus group announced in Amsterdam on Friday that it had signed an amendment to its contract with OCCAR (the French acronym for the Organisation for Joint Armament Cooperation) for the A400M military airlift aircraft. The OCCAR member states are Belgium, France, Germany, Italy, Spain and the... 

Brazilian VP says Brics should focus on economics, not politics

By: Rebecca Campbell     14th June 2019 In comments made in Beijing on May 24, which appear not to have been much, if at all, reported outside his home country, Brazilian Vice President Hamilton Mourão called on the Brazil, Russia, India, China, South Africa (Brics) alignment to switch away from political issues and focus instead on... 

Airbus has flown flapping wing-tip scale demonstrator aircraft

By: Rebecca Campbell     13th June 2019 Europe-based giant aerospace group Airbus announced on Thursday that it had successfully flown a remote-controlled scale-model aircraft (based on the Airbus A321 single-aisle airliner and designated AlbatrossOne) fitted with flapping wing-tips. This is the first time that any category of aircraft... 

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