Alberta/Canadian crude oil backwardation an investor opportunity

The Alberta/Canadian crude market is the only one in the world currently in backwardation, presenting opportunities for investors, Auspice Capital Advisors has pointed out in a research note. 

First Nickel under TSX delisting review

Mining and exploration company First Nickel reported it has received notice that the TSX is reviewing the eligibility of the company’s common shares for continued listing on the TSX. 

PearTree appoints new president, head of mining

PearTree Securities, a subsidiary of PearTree Financial Services, the originator of flow through donation financing in Canada, has appointed Trent Mell PearTree president and head of mining.  

Iamgold reports high-grade gold at Monster Lake from winter programme

Mining and exploration company Iamgold on Thursday revealed that it had intersected high-grade gold at its Monster Lake project in Quebec, Canada, during its 2015 winter drilling programme. Iamgold... 

Manufacturing, economy need each other to grow

Stronger alignment between policy-makers and the private sector was important, said the Manufacturing Circle earlier this month, citing research that showed the interdependence of a healthy South... 

Commission gives conditional nod to Hebei, Duferco transaction

The Competition Commission has given its approval for the intermediate merger between Chinese-owned Hebei Iron and Steel Group and Swiss steel trader Duferco International Trading Holding SA, with... 

Tshwane properties popular in recent auction

Properties in the City of Tshwane were the most sought after in an auction held by property auctions company High Street Auction in Johannesburg in May. 

Aggreko Zambia appoints new chairperson

Temporary power generation services provider Aggreko announced earlier this month that it had appointed Dr Sixtus Mulenga as nonexecutive chairperson of Aggreko Zambia, a move it believed was... 

Afrimat to buy out remaining Infrasors shares

JSE-listed Afrimat will make a cash offer to acquire the entire remaining issued share capital of subsidiary Infrasors that it does not already own. 

Cities drive greater innovation, says Harvard professor

The success of any city depends on the ability of its citizens to share ideas and influence each other, says Harvard University economics professor Edward Glaeser. Glaeser, who was hosted on... 

CDC to install solar panels at Coega industrial zone

The Coega Development Corporation (CDC) plans to fit 15 of its buildings, totalling 127 000 m2 of roof space, in the Coega Industrial Development Zone (IDZ), in the Eastern Cape, with solar panels.... 

Property company pursues European growth with two acquisitions

European property investment company Stenprop has acquired 25 Argyll Street, a 65 000 ft2 office building in London, for R1.385-billion and is acquiring Hermann Quartier, a shopping centre in... 

Tshwane free WiFi project may help catalyse social-impact bonds

Tshwane municipality’s free WiFi initiative, rolled out by nonprofit organisation Project Isizwe, could provide a model for social-impact bonds in South Africa, whereby the private sector... 

Zambian opposition leader outlines partnership vision in SA address

Zambian opposition party the United Party for National Development (UPND) aims to improve the way business is conducted in Zambia by removing bureaucracy and to find an opportunity for government... 

Failing to collect rainwater is a waste, harvesting firm avers

Rainwater harvesting is the easiest method to practice water conservation and if we are not colleting rainwater, we are actually wasting water, polyethylene plastic storage tanks manufacturer JoJo... 

Trade unions call for judicial enquiry into Eskom crisis

Trade unions and the Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Thursday called for a judicial enquiry into Eskom’s business and declared its intention to make... 

S Africa’s economic growth target not enough to deliver required tax revenue

Finance Minister Nhlanhla Nene on Wednesday stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the... 

South Africa on the cusp of a drought, WWF-SA warns

Just 8% of South Africa’s land area provided 50% of the country’s surface water and the country could be on the cusp of a drought, Worldwide Fund for Nature South Africa (WWF-SA) Freshwater... 

US group acquires SA energy company

US-based NRG Renew last month announced its acquisition of South African Kayema Energy Solutions as part of its strategy to strengthen its capabilities in South Africa.  

Government leaders indicate their readiness to support embattled NUM

The mining sector was no longer the main driver of the South African economy but it still contributed significantly towards the country’s gross domestic product, said Mineral Resources Minister... 

Tshwane properties popular in S Africa auction

Properties in the City of Tshwane were the most sought after in an auction held by property auctions company High Street Auction in Johannesburg in May. 

Aggreko Zambia appoints new chairperson

Temporary power generation services provider Aggreko announced on Thursday that it had appointed Dr Sixtus Mulenga as nonexecutive chairperson of Aggreko Zambia, a move it believed was integral to... 

Afrimat to buy-out remaining Infrasors shares

JSE-listed Afrimat will make a cash offer to acquire the entire remaining issued share capital of subsidiary Infrasors that it does not already own. 

Commission gives conditional approval for Hebei, Duferco merger

The Competition Commission has given its approval for the intermediate merger between Chinese-owned Hebei Iron and Steel Group and Swiss steel trader Duferco International Trading Holding SA, with... 

S African economic growth correlative with expanded manufacturing output

Stronger alignment between policy-makers and the private sector was important, said the Manufacturing Circle on Thursday, citing research that showed the interdependence of a healthy South African... 

Joburg seeks to sustain ICT intensity by ‘hacking’ into local innovation

The City of Johannesburg recently called on entrepreneurs to take advantage of the economic public space it has created through its inaugural Hack.Jozi Challenge to boost the productivity of the... 

R950m mall expected to stimulate Springs’ economy

Construction is underway on the R950-million Springs Mall at the Blue Crane Eco Park development in the Ekurhuleni Metropolitan in Gauteng and it is expected to stimulate the local economy with job... 

Drilling company makes one-hundredth raiseboring rig

JSE-listed drilling solutions provider Master Drilling celebrated the manufacture of its one-hundredth raise boring rig at its head office in Fochville, Gauteng, last month.  

Joburg seeks to sustain ICT intensity by ‘hacking’ into local innovation

The City of Johannesburg recently called on entrepreneurs to take advantage of the economic public space it created, through its inaugural Hack.Jozi Challenge, to boost the productivity of the... 

Solar academy to open in Mali aims to develop expertise for Africa

Solar power initiative Akon Lighting Africa will launch its solar academy next month in Bamako, Mali, to help develop skills and expertise in the solar energy sector in Africa.  

Renewables IPP delivering across four technology platforms

Italian independent power producer (IPP) Building Energy has been awarded preferred bidder status in round four of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)... 

Mining sector no longer leading the S African economy – Minister

The mining sector was no longer the main driver of the South African economy but it still contributed significantly towards the country’s gross domestic product, said Mineral Resources Minister... 

S Africa on the cusp of a drought – WWF-SA

Just 8% of South Africa’s land area provided 50% of the country’s surface water and the country could be on the cusp of a drought, World Wide Fund for Nature South Africa (WWF-SA) Freshwater... 

Sappi expecting better earnings, but currency movements may impact

Pulp and paper producer Sappi has increased its net profit for the three months to March 31, by 75% to $56-million, compared with the profit of $32-million recorded in the March 2014 quarter. 

Apprenticeships, internships crucial to automotive industry

Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and... 

S Africa invited to invest in Egypt

Upcoming projects, including the Suez Canal expansion, in Egypt, afforded South Africa opportunities to invest in that country, further boosting trade relations between the two States, Small... 

Gauteng hopes Vaal River City project will unlock waterfront investments

The development of the multibillion-rand Vaal River City megacity project will begin at the end of this year and it will create new economic and industrialisation activity anchored by the Vaal river. 

TNPA invests in Africa’s ‘largest and most powerful dredger’

State-owned Transnet National Port Authority’s (TNPA’s) Dredging Service division launched its 5 500 m3 trailing suction hopper dredger (TSHD), the Ilembe, at the shipyard of manufacturer Royal... 

Seifsa launches small business hub to assist SMEs

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) launched its small business hub (SBH) earlier this month to assist in meeting the needs of small and microenterprises... 

New tenant signs up for R55m Cape Town industrial park

JSE-listed Growthpoint Properties has secured packaged goods company Tiger Brands’ milling logistics division as a tenant to its new R55-million Range Industrial Park development in Blackheath,...