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Agricultural sector urged to collaborate
Published: 24 Apr 19
The agricultural sector needs to pursue collaboration to mitigate the various challenges it is facing, as well as to grow the sector, says Agri SA Commodity Chamber chairperson Dr Pieter Prinsloo. Speaking at Agri SA’s Commodity and Corporate Chamber Conference, in Pretoria, on Wednesday, he emphasised the need for greater collaboration, rather than duplication; highlighting that isolationist and protectionist behaviour would not provide an answer to the shared challenges of the future.
Vodacom, MTN shares fall on outcome of Competition Commission's data market inquiry
Published: 24 Apr 19
The share prices of South Africa's two largest mobile operators, MTN and Vodacom, fell on Wednesday, after the Competition Commission announced that international benchmarking had confirmed that the country performs poorly in terms of data pricing, with unnecessarily high prices, particularly for mobile prepaid data. Competition Commissioner Tembinkosi Bonakele told media at the release of a provisional report on the commission's Data Services Market Inquiry, that the country’s prepaid mobile data prices faired poorly internationally and among its Brazil, Russia, India, China and South Africa, or Brics, and Southern African Development Community, peers, noting, in particular, that MTN and Vodacom have lower data prices in other markets in which they operate.
Cabinet Ministers’ meeting with Xolobeni community postponed
Published: 24 Apr 19
A delegation of Cabinet Ministers, led by Mineral Resources Minister Gwede Mantashe, which were to meet with the Xolobeni community, in the Eastern Cape, on Thursday, has postponed its visit to the area owing to the heavy rainfall that has led to flooding and damaged roads in the province. The visit would have formed part of government’s ongoing engagement with the community about an integrated and sustainable development approach for the area. The development model would look at, among others, road and transport infrastructure, agriculture and fisheries, tourism and mining.
Brazilian miner Vale files $2bn lawsuit over Guinea project
Published: 24 Apr 19
Brazilian miner Vale said on Wednesday it has filed a lawsuit in the United States to force BSG Resources (BSGR) to pay it about $1.25-billion, as mandated by an arbitrator in a dispute over a joint venture in Guinea, plus interest and expenses. Earlier this month, Vale said an arbitration court in London had ordered BSGR to pay $1.246-billion. The suit, filed in the US District Court for the Southern District of New York, seeks payment of more than $2-billion when interest and expenses are taken into account.
Defy showcases latest tech at new regional experience centre Defy showcases latest tech at new regional experience centre
Published: 24 Apr 19
Home appliance manufacturer Defy on Wednesday unveiled its regional experience centre, at its Midrand facility, to showcase its latest innovations. The centre also includes a museum documenting the progress the company has made since 1933. According to Defy regional marketing director Rajan Gungiah, the centre intends to give both retailers and consumers “an experience” of Defy’s latest technologies.
N1 highway project in Cape Town nearing completion
Published: 24 Apr 19
The project to add a third lane to the N1 in both directions between Plattekloof Road and Old Oak Interchange in Cape Town is expected to be complete early next month. This is according to the Western Cape Department of Transport and Public Works (DTPW) which said the project would help ease traffic on the major highway. 
South Sudan invites investment in agriculture, mining, oil
Published: 24 Apr 19
Since its official independence from Sudan in 2011, South Sudan has ripened the environment for investment in the country, which was apparent when the country’s Ministers on Wednesday met with South African investors and businesspersons during a roadshow, in Sandton, to discuss investment opportunities. This was the final leg of the Invest in South Sudan Roadshow, which had previously been held in Washington DC, New York and Dubai.
ICMM to establish mine tailings storage facilities standard
Published: 24 Apr 19
International mining organisation, the International Council of Mining and Metals (ICMM) will conduct an independent review of mine tailings storage facilities to establish an international standard for the safe management of tailings storage facilities that can be applied to all tailings dams wherever they are located and whoever operates them, the ICMM said on Wednesday. The ICMM, the Principles for Responsible Investment and the United Nations Environment Programme are co-conveners of the review.
Gold worth billions smuggled out of Africa Gold worth billions smuggled out of Africa
Published: 24 Apr 19
Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1-billion worth of gold from Africa in 2016, more than any other country and up from $1.3-billion in 2006. The total weight was 446 t, in varying degrees of purity – up from 67 t in 2006.
CSIR analysis highlights positive contribution of renewables during 2019 load-shedding periods CSIR analysis highlights positive contribution of renewables during 2019 load-shedding periods Has PDF
Published: 24 Apr 19
South Africa’s fleet of utility-scale variable renewable energy plants contributed to limiting the extent of load-shedding instituted by Eskom during the first quarter of 2019 by 46%, new analysis by the Council for Scientific and Industrial Research research shows. The report adds that, absent the instantaneous contributions from the VRE fleet of up to 2.3 GW during those periods when rotational cuts were made, Eskom would have been forced to raise the level of load-shedding instituted from Stage 4 to Stage 5, or even Stage 6.
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