News2018-08-01T16:20:10+01:00

SA farmers turning to technology to boost yields and financial resilience

Amid a challenging economic climate in South Africa, as well as prevailing drought in some provinces, emerging and commercial farmers have become price-conscious and focused on optimising operations to remain competitive, says Afgri Equipment branch manager Riaan Muller. Industry body Agri SA’s ‘Agriculture Drought’ report for 2018/19 finds that the agriculture sector has shed 31 [...]

World Bank doubles pledge to climate efforts in Africa

The World Bank will more than double its commitment to climate adaptation and mitigation in Africa over the next five years to $22.5-billion. “This region is particularly vulnerable to increasing floods, droughts and destructive storms,” World Bank Group Interim President Kristalina Georgieva said in an emailed statement Wednesday. “We have to do more and do [...]

Uganda probes refinery over alleged smuggling of gold

Ugandan authorities said on Wednesday they are investigating the country's biggest gold refinery over recent imports of an estimated 7.4 tonnes of gold, worth some $300-million. Ugandan state-run media has reported the gold could have originated from Venezuela, which has been selling gold to prop up its struggling, sanctions-hit economy.

Redisa says to revive operations after Supreme Court ruling

The Recycling and Economic Development Initiative of South Africa (Redisa) says it is committed to reviving its operations after the Supreme Court of Appeal (SCA) in January overturned a liquidation order against it granted in 2017. Redisa said the SCA judgement found that former environmental affairs minister Edna Molewa, who instructed the order but died last [...]

Raytheon’s improved missile-defence warhead delayed by two years

Raytheon’s redesigned missile-interceptor warhead -- an improvement on a system intended to defend against a potential North Korean attack -- will be delayed for two years because of technical difficulties, according to the Pentagon’s Missile Defense Agency. The new version of the interceptor would be used in the $34-billion missile-defense system that’s intended to detect [...]

Ethiopia to send Boeing black boxes abroad, Norway airline wants compensation

Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad, while a Norwegian airline sought compensation from the US planemaker after two thirds of that model were grounded globally. Sunday's still unexplained crash of the passenger jet, just after take-off from Addis Ababa en route to Nairobi, [...]

Ten worst South African performers tell tale of battling economy

It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall. The likes of sugar producer Tongaat Hulett, tech provider EOH Holdings, Blue Label Telecoms and Aspen Pharmacare Holdings have lost billions in value, sending [...]

‘No tomorrow’ for many unless consumption falls – UN

Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources – 92-billion tonnes in 2017 – accounts for half of [...]

NUM to march on Luthuli House on March 30 to protest Eskom unbundling

The National Union of Mineworkers (NUM) announced on Tuesday that it would march on the African National Congress’ (ANC's) Luthuli House head office, in Johannesburg, March 30 to voice its opposition to the unbundling of Eskom. It would also use the protest action to call for the resignation of the Eskom board and the cancellation [...]

Fire fraudster Rubben Mohlaloga from Icasa immediately, MPs agree

Parliament's Portfolio Committee on Communications has resolved that Independent Communications Authority of SA (Icasa) chairperson Rubben Mohlaloga be removed from his position with immediate effect. MPs met on Tuesday to discuss Mohlaloga's future after he was sentenced to 20 years in prison for fraud and money laundering in the Pretoria Specialised Commercial Crimes Court last [...]

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