Germans warn of investor nervousness following signing of new law

South Africa’s Promotion and Protection of Investment Bill, which was signed into law by President Jacob Zuma in December, is likely to dull the appetite of potential German investors, as... 

Renewed calls for quality-based evaluation of construction tenders

Declining levels of performance in the construction industry have prompted the Construction Industry Development Board’s (CIDB’s) renewed call for increased use of functionality when evaluating... 

DBSA, USTDA seek to accelerate infrastructure development in SSA

Power, transport and information and communication technology infrastructure projects in sub-Saharan Africa (SSA) have received additional commitment from the Development Bank of Southern Africa... 

Chinese economic slump not the precursor to Africa’s demise – Tshabalala

While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic opinion which cautions of a devastating knock-on... 

Potential bidders for R3.5bn Gautrain rolling-stock contract named

Pointing to a sustained increase in ridership figures that continues to place strain on the Gautrain’s limited capacity, Gauteng MEC for Roads and Transport Dr Ismail Vadi has outlined the business... 

Silver market deficit to widen in 2016 – report

Global silver production is projected to fall in 2016 by as much as 5% year-on-year as output from more mature operations begins to decline and the lower-price environment provides little incentive... 

Tiger overshoots FY guidance to deliver 26 151 t in 2015

ASX-listed Tiger Resources has overshot its 2015 production guidance by 5% to deliver 26 151 t of copper, benefitting from a consistent performance from its Democratic Republic of Congo-based Kipoi... 

Acacia reports fatality at North Mara

A contract employee at Acacia Mining’s North Mara mine, in Tanzania, has passed away following a vehicle accident at the mine, the company has informed the market. Chacha Range was killed on Friday... 

Sandton road users warned of ‘short-term pain’ as road upgrades set to continue into 2016

Road construction under way in the Sandton central business district (CBD) is set to continue for the majority of 2016, with the City of Johannesburg investing R180-million in sweeping improvements... 

AfDB extends $112.3m loan to Morocco to extend rail network

The African Development Bank (AfDB) has approved a $112.3-million loan to Morocco for the improvement of infrastructure on the Tangier–Casablanca–Marrakech railway route. Allocated to the Moroccan... 

Platinum deficit to average 250 000 oz/y to 2021 – report

Fundamental analysis of the global platinum market for the next six-year period to 2021 supports a bullish price forecast for the metal, a World Platinum Investment Council- (WPIC-) commissioned... 

Technology, education, incentives key to solving water challenge – Grant Thornton

As South Africa battles its most serious water crisis in recent history, professional services firm Grant Thornton has urged government and industry to adopt a comprehensive long-term water... 

Millennials redefining career, work expectations, survey shows

In the next year, given the choice, one in four global Millennials – classified as those reaching young adulthood around the year 2000 – would quit his or her current job to embark on another... 

Wits, Unilever pioneer practical work training for engineering students

In the first corporate-academic partnership of its kind, consumer goods manufacturer Unilever South Africa and the University of the Witwatersrand (Wits) have announced a collaborative skills... 

Energy efficiency tax rebate increased to 95c/kWh

An amendment to Section 12L of the recently promulgated Taxation Laws Amendment Act, which deals with the energy-efficiency tax incentive, has increased the amount of the deduction from 45c/kWh to... 

Business weighs in on South Africa’s 2016 prospects

With South Africa expected to narrowly escape a technical recession this year, with economic growth pegged at 1.5% and gross domestic product expansion a marginal 1.7%, the country’s business... 

Aquarius shareholders approve takeover by Sibanye

Shareholders of Aquarius Platinum have approved a proposed deal that will see the company acquired by fellow miner Sibanye Gold for of $0.195 a share. The transaction, which would be implemented by... 

Germans warn of investment retreat following signing of investment Bill

South Africa’s Promotion and Protection of Investment Bill, which was signed into law by President Jacob Zuma in December, is likely to dull the appetite of potential German investors, as... 

Aquarius posts flat Q2 production, battered PGM basket prices

Attributable platinum production from Aquarius’s operating mines increased by a marginal 0.5% in the three months ended December 31, to 89 399 oz, despite production headwinds at the group’s... 

Stellar’s Tongo mining application under review by Mineral Advisory Board

Aim-listed Stellar Diamonds continues to progress the mining licence application for its Tongo Dyke-1 project, in Sierra Leone, informing the market on Thursday that the application had been... 

SAA strengthens ties with Nigeria with addition of Jhb–Abuja route

National carrier South African Airways (SAA) has launched flights between Johannesburg and Abuja, Nigeria, creating a second air connection between South Africa and the West African country. SAA... 

No bid awarded for new Durban cruise terminal

Transnet National Ports Authority’s (TNPA’s) latest request for proposals (RFPs) for the development of a new passenger terminal in the Port of Durban has ended in a nonaward. “In terms of Section... 

Denel adds 6x6 offering to Casspir portfolio

State-owned aerospace and defence technology group Denel has expanded the range of its recovery vehicles based on the well-known Casspir mine resistant system, responding to what it describes as... 

Renewed calls for quality-based evaluation of public construction tenders

Declining levels of performance in the construction industry have prompted the Construction Industry Development Board’s (CIDB’s) renewed call for increased use of functionality when evaluating... 

Resgen’s Boikarabelo mine nears completion as hunt for funding advances

Coal hopeful Resource Generation (Resgen), which has recently emerged from an extensive board overhaul that saw it lose several senior executives and members of its Sydney-based office, continues... 

Ethos sells CQS to JSE-listed Adapt IT

South African private equity investor Ethos has sold its investment in niche technology company CQS Investment Holdings, which distributes software products for the audit, risk management and... 

S Africa ranked middle-of-the-road in terms of global innovation support

South Africa has been ranked thirtieth globally for the extent to which its domestic policies support global innovation, analysis released by global technology policy think tank, the Information... 

Avocet FY gold output dips to 74 755 oz

Gold production from unhedged gold mining and exploration company Avocet’s Inata gold mine, in Burkina Faso, has dipped year-on-year, narrowing from 86 037 oz in 2014 to 74 755 oz in 2015. Cash... 

M&R subsidiaries awarded contracts in Korea, US LNG sectors

Construction multinational Murray & Roberts’ (M&R’s) Perth-based subsidiary Clough and Baltimore-based subsidiary CH-IV have secured contracts in the oil and gas sectors in Korea and the US. “We... 

Gauteng reveals potential bidders for R3.5bn Gautrain rolling stock contract

Pointing to a sustained increase in ridership figures that continues to place strain on the Gautrain’s limited capacity, Gauteng MEC for Roads and Transport Dr Ismail Vadi has outlined the business... 

Wescoal’s Elandspruit hits monthly production target

Wescoal’s flagship Elandspruit colliery is delivering its production target of 165 000 t a month of run-of-mine coal on a continuous basis, with mine development at an advanced stage, the company... 

PPC progresses expansion strategy, despite warning of lower H1 earnings

Cement supplier PPC says its expansion programme remains on track, with construction at sites in the Democratic Republic of the Congo, Zimbabwe and Ethiopia continuing to progress on schedule. The... 

Ethos acquires 65% of Eazi Group in R1.6bn deal

In a deal valued at R1.6-billion, South African private equity investor, the Ethos Fund has acquired 65% of work-at-height and material handling solutions provider Eazi Group. An investment vehicle... 

S Africa posts 16.3% uptick in 2015 steel output to 7.6Mt

While crude steel output from the 66 steel producing countries reporting to industry body worldsteel saw a 2.8% year-on-year drop to 1.62-billion tonnes, South Africa managed to lift its output by... 

Petra raises H1 diamond output 2%, exceeding guidance

Petra Diamonds lifted overall diamond production by 2% to 1.62-million carats for the six months ended December 31, exceeding its 1.5-million-carat production target for the first half of the year.... 

Small business dept to hold stakeholder engagement over review of legislation

The Department of Small Business Development (DSBD) is embarking on a nationwide consultation process to solicit inputs from stakeholders on the review of the National Small Business Act and the... 

Amplats’ FY earnings fall on impairments, restructuring costs

Platinum major Anglo American Platinum (Amplats) has warned that impairments and restructuring costs would result in it reporting lower earnings and headline earnings for the year ended December... 

DBSA, US trade org to accelerate infrastructure development in SSA

Power, transport and information and communication technology infrastructure projects in sub-Saharan Africa (SSA) have received additional commitment from the Development Bank of Southern Africa... 

Moody's places 55 mining companies on review for downgrade

Reflecting an effort by the ratings agency to recalibrate mining portfolio ratings to align with the fundamental shift in the credit conditions of the global mining sector, Moody's has placed 55... 

Greenland, Denmark ink deal over uranium mining, export

The government of Denmark and the self‐rule government of Greenland have reached formal agreement to establish an internal framework within Denmark regarding the special foreign, defence, and...