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

Egypt plans $1bn flat steel production site – Cabinet

Egypt plans to establish an integrated industrial compound to produce flat steel with investments worth $1-billion, the cabinet said in a statement on Wednesday. The compound, with a flat steel production capacity of 1.8-million metric tons per year, would target global exports while also serving the local market.

Construction index records positive quarter-on-quarter progress

JSE-listed diversified miner and materials supplier Afrimat finds in its latest construction index that eight of the nine constituent indicators of the index recorded real growth rates in the second quarter of the year, compared with the first quarter. Notably, the construction sector added more than 100 000 jobs in the quarter, outperforming all other sectors [...]

ACSA narrows loss to R142m, expects profitability by next year

State-owned Airports Company South Africa (ACSA) has reported an improvement in earnings before interest, taxes, depreciation and amortisation to R2-billion for the financial year ended March 31. This compares with Ebitda of R342-million posted for the prior financial year, which reflects a steady recovery and significant improvement on performance in the reporting year.

'The world is not waiting for us' on digital technology – Minister Gungubele

South Africa will become an irrelevant trading partner if the country does not keep up with the pace of global technological development says Communications and Digital Technology Minister Mondli Gungubele. "Digital transformation is moving fast globally. It is not informed by our spirit, it is informed by the speed of the world," he said in [...]

New mining school nurturing human capital in anticipation of major upcoming demand

The Copper 360 School of Mining, which announced the development of the training facility in August, has launched its first set of courses at the Concordia operation in the Northern Cape, which are aimed at nurturing human capital in anticipation of an expected provincial minerals development surge. The school’s first courses are unaccredited and Copper [...]

Three scrap metal companies brought to book for violating trade permit conditions

The International Trade Administration Commission of South Africa (ITAC) has taken legal action against three companies that it says attempted to export scrap metal and copper ingots without valid export permits or in violation of permit conditions. The Durban Regional Court issued fines to the three companies on September 6 following their admission of guilt.

Gauteng economy to get private sector boost

A major private-sector-led initiative, in partnership with the Gauteng Provincial Treasury, has been launched to unlock significant private sector resources for investment into South Africa’s largest economy and bridge the gap between government vision and corporate action. The Project 35% Plus Roundtable, unveiled at Standard Bank’s Johannesburg headquarters on Monday, also aims to strategically influence [...]

Ramaphosa promises action against those involved in corruption

In marking Public Service Month, President Cyril Ramaphosa stated on Monday that action to discourage corruption in government departments must continue if government is to build an accountable, professional civil service. He said “it is correct” that corrupt activities be exposed and action taken against those responsible. Ramaphosa wrote in his weekly letter to the [...]

Ethiopia says it has completed filling of disputed dam project's reservoir

Ethiopia said on Sunday it had completed the fourth and final phase of filling a reservoir for its planned massive hydroelectric power plant on the Blue Nile, a project that Egypt and Sudan have long opposed. Construction of the $4-billion Grand Ethiopian Renaissance Dam (GERD) began in 2011 and Ethiopia sees the project as crucial [...]

TIA invites applications for funding natural resource, energy technologies

The Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation, is calling for the submission of funding applications for developing innovative natural resource and energy technologies. The technology focus areas include water and sanitation, particularly digitisation for water and wastewater treatment plants and other efficiency technologies; circular economy, particularly waste-to-energy and [...]

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