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... 

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... 

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... 

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... 

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... 

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... 

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.... 

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... 

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... 

African Potash meets with Ugandan President over creation of local fertiliser industry

Aim-listed African Potash chairperson Chris Cleverly has met with Ugandan President Yoweri Museveni and a delegation of officials in Kampala, Uganda, to discuss potential opportunities to develop a... 

Pilot programme set to upgrade lower-tier automotive suppliers

Gauteng-based government implementation agency the Automotive Industry Development Centre (AIDC), in collaboration with the United Nations Industrial Development Organisation (Unido) and the... 

M&R's Canadian subsidiary buys project management group

Murray & Roberts (M&R) subsidiary Cementation Canada has completed the acquisition of project and construction management services group Merit Consultants International. Merit has worked with... 

Sub-Saharan African sovereigns face rising financing costs – report

Governments in sub-Saharan Africa (SSA) are facing increasingly expensive debt financing, as favourable global and domestic conditions come to an end, ratings agency Standard & Poor's (S&P’s)... 

Eskom to select coal supplier for Arnot station by March

Energy utility Eskom is in the throes of reviewing various requests for proposals submitted as part of its hunt for a new coal supplier for the Arnot power station, in Mpumalanga, after the... 

Prices, decline in share value to dent Assore’s H1 earnings

On the back of lower export selling prices across its product portfolio, a declining share portfolio value and a subsequent impairment, mining holding company Assore expects headline earnings to... 

Moz tax ruling issued for Manica project sale

The Mozambique Tax Authority has determined that $698 968.78 in capital gains tax is due and payable at completion of the sale of the Manica gold project, owner Sydney-listed Auroch Minerals has... 

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... 

Sibanye shareholders approve Rustenburg Platinum Mines deal

Shareholders of gold miner Sibanye Gold have approved the acquisition of the North West-based Bathopele, Siphumelele and Thembelani mines from Anglo American Platinum (Amplats) subsidiary... 

Yanfolila DFS doubles NPV to $142m

A definitive feasibility study (DFS) of Aim-listed Hummingbird Resources’ Yanfolila gold project, in Mali, has demonstrated “significant enhancement” to its economics as an openpit, low-cost gold... 

AMSA rights offer undersubscribed

After announcing in December that it would undertake a R4.5-billion fully underwritten renounceable rights offer, ArcelorMittal South Africa (AMSA) said on Monday that the offer, which closed on... 

South African research strengthened through involvement in European Union scheme

A study of the impacts of South Africa’s participation in the Seventh Framework Programme for Research and Technological Development (FP7) of the European Union (EU) has found it to have... 

Futurist advocates ‘strategic foresight’ in corporate planning

United Nations Educational, Scientific and Cultural Organisation chair in futures studies Professor Sohail Inayatullah has touted the adoption of “transformative and strategic foresight” by... 

Central, West Africa a hotbed of infrastructure growth, report finds

A study into infrastructure development in Africa has pointed to the emergence of Central and North Africa as megaproject hotspots, with 301 transport, energy and power, water and mining projects –... 

Services, not manufacturing, Africa’s silver growth bullet – Wooldridge

While a resurgence in manufacturing in Africa has been popularly touted as the silver bullet that will accelerate the continent’s economic growth prospects, The Economist management editor and... 

GE kicks off local production of Transnet locomotives

Industrial giant GE has started production late last year of the 233 GE Evolution Series locomotives it has been contracted to supply to State-owned Transnet Freight Rail (TFR) as part of its...