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Botswana promoted as attractive investment destination Botswana promoted as attractive investment destination
Published: 25 Mar 19
Botswana holds a number of opportunities for prospective investors, owing to its various inherent characteristics and incentives, and companies are encouraged to capitalise on these. This was the key message at the Botswana Investment and Trade Centre’s (BITC’s) Doing Business in Botswana business seminar, held on Monday, in Johannesburg.
Kibo provides update on four key projects
Published: 25 Mar 19
JSE- and Aim-listed Kibo Energy on Monday confirmed that it is developing four key projects – two thermal coal power projects, in Botswana and Mozambique; a UK-focused flexible energy portfolio; and an advanced coal-to-power project, in Tanzania – in parallel. The projects fall in line with the company’s strategy to progress a diverse portfolio of advanced power generation and mining projects in sub-Saharan Africa and the UK through international relationships with key development partners.
Numsa members embark on strike at BMW’s Rosslyn plant
Published: 25 Mar 19
The National Union of Metalworkers of South Africa (Numsa) on Monday claimed that BMW South Africa had unilaterally changed the terms of service for contract workers. As a result, Numsa members have embarked on a strike at BMW’s Rosslyn plant, in Pretoria.
JRA completes two Ivory Park road upgrades, more to follow
Published: 25 Mar 19
City of Johannesburg mayor Herman Mashaba on Monday opened two newly built and rehabilitated roads in Ivory Park, Ward 78, near Midrand. The R6-million project, which was funded by the Johannesburg Roads Agency (JRA), included the installation of underground stormwater management systems and interlocking blocks on the sidewalk path of the road, since stormwater and blocked drains contributed to the deterioration of roads.
90 000 gold and platinum jobs at risk as Eskom hikes loom 90 000 gold and platinum jobs at risk as Eskom hikes loom Has PDF
Published: 25 Mar 19
The Minerals Council South Africa is ringing alarm bells over the threat posed to employment and production in the gold and platinum sectors as a result of recently approved electricity tariff increases, including the 13.8% hike to be implemented from April 1. In addition, the council is warning that the hikes will accelerate the State-owned utility’s own downward spiral as mines and smelters, which currently consumes 30% of Eskom’s yearly production, respond by closing unprofitable operations.
ATON extends long stop date of M&R takeover offer to June
Published: 25 Mar 19
Construction and engineering group Murray & Roberts (M&R) announced on Monday that Germany-based ATON has extended the long stop date for completing the buyout of M&R share from March 31 to June 30. This is owing to pending merger control clearances and competition authority approvals from South African and Canadian authorities, following the launch by ATON of a hostile takeover bid, at R17 per M&R, last year.
Icasa appoints acting chairperson
Published: 25 Mar 19
The Independent Communications Authority of South Africa (Icasa) on Monday announced the appointment of Dr Keabetswe Modimoeng as acting chairperson, effective immediately. Modimoeng, appointed following a special council meeting, will remain in the acting position until a permanent successor to former chairperson Rubben Mohlaloga is appointed.
EOH Microsoft licence partnership woes deepen
Published: 25 Mar 19
JSE-listed information technology services company EOH announced in a statement on Monday that it had, on March 12, received a 30-day notice period from software multinational Microsoft Ireland of its intention to terminate the Partner Network Agreement with a number of EOH group companies, and was not provided with reasons for the termination. It did not stipulate which companies in the group had been served with the notice. The EOH group comprises about 270 legal entities that employ about 11 500 people.
Sacci, SBI urge govt to do more to resolve Eskom’s troubles
Published: 25 Mar 19
The recent round of rolling blackouts plaguing South Africa, and uncertainty about the longer-term power supply situation in South Africa are having a devastating impact on business, says South African Chamber of Commerce and Industry (Sacci) CEO Alan Mukoki. Although Eskom does not expect to implement load-shedding this week, people and businesses across the country have been negatively affected by load-shedding in recent weeks.
Cape Town forum to look at how data can enable South African cities to build resilient govts
Published: 25 Mar 19
Cape Town is hosting a conference from Monday which will explore how cities can utilise data to build resilient and responsive local governments. In a statement, the city said the British High Commission had brought in representatives from United Kingdom organisations specialising in the use of data to improve public sector planning and operations, including Future Cities Catapult and the United Kingdom Government Digital Services.
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