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Infrastructure deficit shaves 40% off Africa’s competitiveness Infrastructure deficit shaves 40% off Africa’s competitiveness
Published: 21 Aug 17
Africa’s multibillion-dollar infrastructure deficit is not only severely hampering seamless regional integration, industrialisation and efficiencies, but is also detrimental to the overarching competitiveness of the emerging continent. It is believed that Africa could be losing in excess of 40% of its competitiveness owing to the absence and inefficiencies of the continent’s infrastructure, which faces a deficit in funding of $93-billion a year over the next 20 years, South African Trade and Industry Minister Dr Rob Davies said on Monday.
Balwin, Transcend partner to deliver 8 900 affordable rental apartments in Gauteng
Published: 21 Aug 17
JSE-listed Balwin Properties and Transcend Residential Property Fund have entered into a strategic alliance to bring to market up to 8 900 quality, affordable rental apartments across five developments in key Gauteng nodes over the next six years.   Balwin will be responsible for the design and construction of each development and sectional title apartment, as well as for marketing and securing lease agreements for the apartments with prospective tenants.
Robotics surgery offers peace of mind to more men with prostate cancer Robotics surgery offers peace of mind to more men with prostate cancer
Published: 21 Aug 17
As the field of robotics advances, South Africans are increasingly opting for robotics surgery for prostate cancer as an alternative to conventional procedures. Urological and robotics surgeon Dr Greg Boustead says medical schemes are beginning to appreciate the long-term, overall benefits of the robotic approach.  
Cell C appoints new chairperson, deputy chairperson
Published: 21 Aug 17
Telecommunications giant Cell C has appointed Kuben Pillay and Larry Nestadt to its board. The appointments follow the recent recapitalisation of Cell C whereby telecommunication company’s Blue Label Telecoms and Net1 respectively acquired 45% and 15% of the company’s share capital.   “We are honoured to have two of South Africa’s most astute business leaders join the Cell C board at a time when the company enters a new growth path,” Cell C CEO Jose Dos Santos said in a statement.   Pillay, who previously served on the boards of several public and private companies, including Primedia, and as chairperson of the Mineworkers Investment Company, succeeds Mohammed Hariri as nonexecutive chairperson of Cell C.    Nestadt, a cofounder and former director of Investec Bank and the current chairperson of Blue Label Telecoms, will serve as nonexecutive deputy chairperson of Cell C.
Sylvania lifts FY profit amid another year of record production
Published: 21 Aug 17
Platinum group metals (PGMs) processor Sylvania Platinum has posted a net profit of $8.87-million for the year ended June 30, compared with a profit of $3.73-million in the 2016 financial year. The company’s Sylvania Dump Operations (SDO) had achieved a fourth consecutive year of record production, at 70 869 oz, for the 2017 financial year – a 17% increase on the 60 643 oz produced in the 2016 financial year.
Hyundai SA mulls heavy truck introduction, awaits 2019 small SUV
Published: 21 Aug 17
Hyundai Automotive South Africa (HASA) is testing the Xcient heavy-duty truck for possible introduction into the South African new-vehicle market. HASA CEO Niall Lynch says the truck, with a gross vehicle mass of 36.6 t, is undergoing road tests within Imperial Logistics.
CoM files replying affidavit in Mining Charter interdict application
Published: 21 Aug 17
The Chamber of Mines (CoM) has submitted a replying affidavit in the High Court, in Pretoria, in response to Mineral Resources Minister Mosebenzi Zwane’s August 7 affidavit, in an interdict application against the implementation of the Reviewed Mining Charter. Zwane in June introduced the Reviewed Mining Charter, which has been strongly criticised by the mining industry.
Beowulf moves forward with exploration in Sweden
Published: 21 Aug 17
Explorer Beowulf Mining on Monday announced that it would move ahead with its exploration programme in Sweden, with work focusing on the Parikijaure licences to the south of its Kallak project. The magnetic signature of magnetite mineralisation at Kallak extends southwards from Kallak North to Kallak South, and then beyond to the Parkijaure licences.
 Guptas sell ANN7 and The New Age to Mzwanele Manyi Guptas sell ANN7 and The New Age to Mzwanele Manyi
Published: 21 Aug 17
A firm owned by Mzwanele Manyi has bought Gupta-owned media units ANN7 and The New Age, it was announced on Monday. Gupta-owned Oakbay Investments said in a statement that Manyi-owned Lodidox bought ANN7 (Infinity Media) for R300-million and The New Age (TNA Media) for R150-million.
China Minmetals to invest 10bn yuan to upgrade smelters in Hunan province
Published: 21 Aug 17
China Minmetals Corp (CHMIN.UL) plans to invest 10-billion yuan ($1.50-billion) to upgrade its copper, lead and zinc smelting facilities Hunan province, a spokesman confirmed on Monday, after a recent rebuke from the Ministry of Environmental Protection (MEP). The company will invest in new smelting technology starting this month that eliminates the discharge of industrial wastewater, Huasheng Online, a website run by the Hunan provincial government, reported on Friday, citing Huang Guoping, chairman of China Minmetals Nonferrous Metals Co.
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