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AMCU threatens to extend strike at Sibanye-Stillwater's platinum mine
Published: 22 Jan 19
Association of Mineworkers and Construction Union (AMCU) will extend a one-day strike at Sibanye-Stillwater's platinum mine if the firm does not return to the negotiating table, its president said on Tuesday. "If they don't come to the table and settle with us we will be calling for a total shutdown in Rustenburg, we are going to shut down those mines," Joseph Mathunjwa said during a march to protest wages for workers at Sibanye's gold mines.
 World Bank says Eskom simply too big to fail World Bank says Eskom simply too big to fail
Published: 22 Jan 19
The World Bank has argued that Eskom is too big to fail, and the South African economy would not withstand a financial meltdown of the cash-strapped power utility. "It is just too big to allow it to disintegrate, and fixing all these pieces will be costlier than trying to reform it," the bank’s country director for SA, Paul Noumba Um, said at the launch of the bank's 12th SA economic update on Tuesday in Johannesburg. 
Cape Town’s WhereIsMyTransport expands to Latin America, India Cape Town’s WhereIsMyTransport expands to Latin America, India
Published: 22 Jan 19
Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India.
GETI provides insights into talent environment for energy sectors
Published: 22 Jan 19
The third annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report, was released on Tuesday, and offered insights into five industry subsectors – oil and gas, renewables, power, nuclear and petrochemicals. The report, compiled by Airswift and Energy Jobline, surveyed more than 17 000 energy professionals and hiring managers in 162 countries.
South Africa says there is no Saudi proposal on Denel under consideration South Africa says there is no Saudi proposal on Denel under consideration
Published: 22 Jan 19
The South African government is not considering any proposal from Saudi Arabia on taking a stake in struggling state arms company Denel, Public Enterprises Minister Pravin Gordhan said, after the Gulf country offered to partner with Denel last year. "There is no proposal from the country in question under consideration," Gordhan said, answering a question from an Inkatha Freedom Party lawmaker about whether the government was considering selling a stake in Denel to the Saudis.
Western Cape govt starts Holgaten trunk road improvement project
Published: 22 Jan 19
The Western Cape Department of Transport and Public Works has started a project to improve and reseal 16.5 km of trunk road between Holgaten and Oudtshoorn, and reseal another 6.7 km section of trunk road between Holgaten and Uniondale. The first section is a major north-south link between Oudtshoorn and George, while serving the N12/R62 route to the Southern Cape. The second section is a major west-east link between Holgaten and Uniondale, serving the N9/R62 route to the Southern Cape.
Uganda deports French, Rwandan MTN execs citing national security – police
Published: 22 Jan 19
Uganda has deported a French and a Rwandan executive from telecoms group MTN, accusing them of planning to compromise national security, police said on Tuesday. MTN Uganda, a unit of the South African telecoms firm, said its Chief Marketing Officer, Olivier Prentout, was detained at Entebbe airport on Saturday after returning from a business trip and then sent back to France.
Multichoice sweetens Naspers split with dividend plan
Published: 22 Jan 19
Africa's biggest pay-TV business Multichoice plans to pay a R2.5-billion dividend two years after leaving its parent of three decades – media and e-commerce group Naspers – and pursuing a listing solo in South Africa. Multichoice CFO Tim Jacobs said on Monday the firm would make its first payment to shareholders in 2020, after the JSE approved Naspers' plan to spin-off and list the pay-TV company.
Leagold sets 2019 guidance at up to 420 000 oz
Published: 22 Jan 19
Canadian junior Leagold Mining has set a production target for 2019 of between 380 000 oz and 420 000 oz, at an all-in sustaining cost (AISC) of between $920/oz and $970/oz. This guidance range incorporates the company’s first full year of contributions from the three mines in Brazil that it acquired in May 2018.
Africa's position as the world's hottest oil and gas frontier to be entrenched this year
Published: 22 Jan 19
The year ahead will be key for the advancement of new exploration and production development projects from West to East Africa in the hydrocarbons market, entrenching the continent’s position as the word’s hottest oil and gas frontier, the African Energy Chamber (AEC) has said. The year however also brings a new set of dynamics and challenges that could influence the future of the industry, from presidential elections to megaprojects developments, amidst intensifying international competition, the AEC said on Monday.
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