Idéle Esterhuizen

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Idéle Esterhuizen

UCT Graduate School of Business listed in global MBA ranking

23rd August 2013 The University of Cape Town (UCT) Graduate School of Business (GSB) has been ranked fifty-ninth in The Economist’s inaugural Which MBA? list of Executive Master of Business Administration (EMBA) programmes, making it the only African business school to do so. The comprehensive new ranking was... →

Transnet opens hub to support small businesses and new entrants

23rd August 2013 State-owned freight logistics group Transnet has launched the first of a series of enterprise development hubs, as part of a drive to expand opportunities for smaller enterprises and new entrants, especially black-owned entities. Public Enterprises Minister Malusi Gigaba, who officially opened... →

Japanese group invests €100m in Mainstream Renewable Power

23rd August 2013 Global wind and solar developer Mainstream Renewable Power has announced a €100-million equity investment deal with Marubeni Corporation, which would see the Japanese group take a 25% stake in the company. Ireland-based Mainstream, which has plans to build wind and solar projects in South... →

Changing South Africa’s labour law ‘not the answer’

16th August 2013 Despite ongoing calls for a review of South Africa’s labour legislation to resolve the country’s industrial-relations and unemployment problems, Department of Labour deputy director-general for labour policy and industrial relations Les Kettledas believes the answer lies not in amending the law,... →

Empowerment partners for Prasa fleet renewal unveiled

16th August 2013 Transport Minister Dipuo Peters announced earlier this month that Khiphunyawo Rail, Community Rail Services and Elgin-Identity Rail Corporation would be the 30% broad-based black economic-empowerment (BBBEE) shareholders of the Gibela Rail Transportation, which had secured a R51-billion rolling... →

Rise in manufacturing index attributed to weaker rand

16th August 2013 The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) remained above the key 50-point mark for the fourth consecutive month in July when it increased marginally by 0.6 points to 52.2, but challenging market conditions persisted. Kagiso Asset Management head of research Abdul Davids said... →

CEF invites parties to tender for torbanite project prefeasibility study

16th August 2013 JOHANNESBURG (miningweekly.com) – The Department of Energy’s Central Energy Fund (CEF) has invited capable service providers to submit proposals for a prefeasibility study (PFS) to determine the capital and operating costs for the design, construction and delivery of a process plant at its... →

Gemfields boosts Kagem output, talks over auctions continuing

16th August 2013 JOHANNESBURG (miningweekly.com) – Aim-listed Gemfields on Monday reported improved production results from its 75%-owned Kagem mine, in Zambia, and said that negotiations with the Zambian government over the location of its auctions were continuing. The company increased production from Kagem, in... →

Gold One, Goliath advance plans to restore gold mining on the East Rand

16th August 2013 JOHANNESBURG (miningweekly.com) – Dual-listed Gold One and exploration and development company Goliath Gold on Thursday said that two of three prospecting applications pertaining to the R70-million acquisition of the underground deposits and selected surface assets of the Pamodzi gold mine, on... →

Latest copper-theft index records first significant rise since September

9th August 2013 The South African Chamber of Commerce and Industry’s (Sacci’s) June Copper Theft Barometer registered its first significant increase since September last year when it rose to R11.1-million, up from R9-million in May and R9.9-million in April. While the index has been showing downward movement in... →

Zambia seeks investors for mini hydro projects

9th August 2013 Zambia’s energy sector offers ample opportunities for investors, Rural Electrification Authority (REA-Zambia) community mobilisation officer Naomi Sidomo said late last month, highlighting the particular potential for pubic–private partnerships in developing mini hydropower plants. With about... →

Carbon pricing idea gaining steam as global leaders recognise climate risks

9th August 2013 In three years time, the vast majority of global carbon dioxide (CO2) emissions would come from jurisdictions with carbon pricing, as more former sceptics reinvented themselves as contributors to the carbon pricing infrastructure of the future and global leaders recognised the risk that climate... →

Beacon Hill’s Minas Moatize to reach full production in ‘coming weeks’

9th August 2013 JOHANNESBURG (miningweekly.com) – Aim- and ASX-listed Beacon Hill Resources would move into full production at it Minas Moatize project, in Mozambique, in the coming weeks, CEO Rowan Karstel reported on Tuesday. The company started mining and processing operations at Minas Moatize in May,... →

African Barrick Gold’s first-half production higher than guidance

9th August 2013 JOHANNESBURG (miningweekly.com) – Tanzania-focused gold miner African Barrick Gold (ABG) delivered a strong operational performance in the first half of 2013, with production tracking ahead of guidance and cash costs below the bottom of the guidance range, CEO Greg Hawkins said on Tuesday. But... →

Villagers sue African Barrick Gold over 2011 deaths, injuries

9th August 2013 JOHANNESBURG (miningweekly.com) – London law firm Leigh Day on Tuesday served gold producer African Barrick Gold (ABG) with legal proceedings in a UK High Court, claiming that the company was liable for the deaths and injuries of villagers that lived close to its North Mara gold mine, in... →

Northam expects 60% to 70% improvement in earnings

8th August 2013 JSE-listed Northam Platinum on Thursday said it estimated earnings and headline earnings a share for the year ended June 30 would increase by between 60% and 70%, owing to an improved average basket price and sales volumes. Earnings a share of 81.2c and headline earnings a share of 80.9c were... →

Business confidence remains stable at low levels

8th August 2013 South Africa’s business confidence remained nearly unchanged in July, ending up by a marginal 0.5 points to 90.7, the South African Chamer of Commerce and Industry (Sacci) reported on Thursday. On a year-on-year basis, six sub-indices of the Business Confidence Index (BCI) were negative, five... →

Mondi reports strong profit growth in SA business

8th August 2013 International packaging and paper group Mondi has reported strong performance in its South Africa division, which achieved an underlying operating profit of €44-million in the six months ended June, a 52% increase on the comparable prior year period, boosted by higher domestic selling prices,... →

Photo by Duane Daws
Mondi group CEO David Hathorn

Worker dies at Atlatsa’s Bokoni mine

7th August 2013 Triple-listed platinum group metals miner Atlatsa Resources has halted operations at the vertical shaft at its Bokoni platinum mine, in Limpopo, after a worker was killed in a fall-of-ground incident on Tuesday. This followed an inspection and the subsequent issuing by the Department of Mineral... →

UCT Graduate School of Business listed in global Executive MBA ranking

7th August 2013 The University of Cape Town (UCT) Graduate School of Business (GSB) has been ranked fifty-ninth in The Economist’s inaugural Which MBA? list of Executive Master of Business Administration (EMBA) programmes, making it the only African business school to do so. The comprehensive new ranking was... →

Botswana Diamonds to revisit Orapa diamond licence

7th August 2013 Aim-listed Botswana Diamonds has reached an agreement with privately owned Eversharp Investments to operate and jointly own the 2.9 km2 PL 117/2011 diamond mining licence, in Botswana’s Orapa region. Botswana Diamonds said on Wednesday that it could earn up to a 51% interest in the joint venture... →

Gold One, Goliath advance plans to restore gold mining on the East Rand

7th August 2013 Dual-listed Gold One and exploration and development company Goliath Gold on Thursday said that two of three prospecting applications pertaining to the R70-million acquisition of the underground deposits and selected surface assets of the Pamodzi gold mine, on the East Rand, have been granted.... →

Stefanutti reports 35% fall in 2013 operating profit

6th August 2013 Depressed global and local economic conditions, the delayed awarding of private and public infrastructure investment projects, loss-making contracts, bad debts and protracted strike action in South Africa’s construction and transport sectors resulted in JSE-listed engineering and construction... →

Transnet opens hub to support small businesses and new entrants

6th August 2013 State-owned freight logistics group Transnet on Tuesday launched the first of a series of enterprise development hubs, as part of a drive to expand opportunities for smaller enterprises and new entrants, especially black-owned entities. Public Enterprises Minister Malusi Gigaba, who officially... →

Photo by Duane Daws
Public Enterprises Minister Malusi Gigaba

Aveng share price falls as company announces drop in FY earnings

5th August 2013 The share price of construction firm Aveng fell by 11.44% on Monday afternoon as its announced that it expected its headline earnings a share and earnings a share for the year ended June 30 to be 10% lower than the 128.1c a share and 134.9c a share recorded in the 2012 financial year. This was on... →

CEF invites parties to tender for torbanite project PFS

5th August 2013 The Department of Energy’s Central Energy Fund (CEF) has invited capable service providers to submit proposals for a prefeasibility study (PFS) to determine the capital and operating costs for the design, construction and delivery of a process plant at its torbanite project (T-project), currently... →

Gemfields boosts Kagem output, talks over auctions continue

5th August 2013 Aim-listed Gemfields on Monday reported improved production results from its 75%-owned Kagem mine, in Zambia, and said that negotiations with the Zambian government over the location of its auctions were continuing. The company increased production from Kagem, in which the Zambian government owns... →

Japanese group invests €100m in Mainstream Renewable Power

5th August 2013 Global wind and solar developer Mainstream Renewable Power on Monday announced a €100-million equity investment deal with Marubeni Corporation, which would see the Japanese group take a 25% stake in the company. Ireland-based Mainstream, which has plans to build wind and solar projects in South... →

Zululand wants PetroSA’s Ikhwezi production rights suspended

5th August 2013 The Department of Mineral Resources (DMR) has confirmed that it has received an appeal from black economic-empowerment (BEE) firm Zululand Oil & Gas Resources against the granting of national oil company PetroSA’s Ikhwezi production right, off the south coast of South Africa. PetroSA was granted... →

Photo by Duane Daws
Storage tanks at PetroSA's GTL refinery in Mossel Bay

Atlatsa names Naicker interim CFO

2nd August 2013 Triple-listed platinum group metals (PGMs) miner Atlatsa Resources has appointed senior financial controller Kogi Naicker interim CFO, with effect from August 1. Naicker replaces De Wet Schutte, whose fixed-term contract with the company came to an end after four years of service. His contract... →

Astronomical facilities partner to facilitate access to data

2nd August 2013 The National Research Foundation’s three astronomical facilities, the South African Astronomical Observatory (SAAO), the Hartebeesthoek Radio Astronomy Observatory and the Square Kilometre Array (SKA) South Africa have joined forces to form the South African Astroinformatics Alliance (SA3), which... →

Sappi Southern Africa Q3 profit falls as weak European market persists

2nd August 2013 JSE-listed paper, pulp and packaging group Sappi’s Southern African arm recorded an operating profit, excluding special items, of R183-million for the third quarter ending June, down from an operating profit of R255-million in the corresponding period in 2012. The lower profit was attributed to... →

Sappi Southern Africa CEO Alex Thiel

Tribunal confirms settlement deals with 15 construction firms

2nd August 2013 The Competition Tribunal has (on Wednesday) confirmed the last of the settlement agreements between the Competition Commission and 15 major construction firms which had admitted to collusive tendering in contravention of the Competition Act. This came as the tribunal confirmed the... →

Aquarius reports 22% production increase in June quarter

2nd August 2013 JOHANNESBURG (miningweekly.com) – Platinum-group metals (PGM) producer Aquarius Platinum on Wednesday delivered another increase in quarterly production and reminded investors that it had successfully concluded wage negotiations without any operational interruptions. The world’s fourth-largest... →

Anglo a ‘more efficient, agile’ organisation after management changes, CEO

2nd August 2013 Mark Cutifani, the new CEO of Anglo American last week announced various high-level management changes to create a “more efficient and agile” organisation. The management changes, which includes the recruitment of AngloGold Ashanti executive Tony O’Neill, come as the diversified group posted 28%... →

July new vehicle sales show 7.5% y-on-y increase

1st August 2013 New vehicle sales for July increased by 7.5% year-on-year, with 58 140 units sold in the month, data released by the Department of Trade and Industry, on Thursday, showed. The National Association of Automobile Manufacturers of South Africa (Naamsa) stated that new vehicle sales continued to be... →

Minister announces Prasa fleet renewal BEE partners

1st August 2013 Transport Minister Dipuo Peters on Thursday announced that Khiphunyawo Rail, Community Rail Services and Elgin-Identity Rail Corporation would be the 30% broad-based black economic-empowerment (BBBEE) shareholders of the Gibela Rail Transportation, which had secured a R51-billion rolling stock... →

Photo by Duane Daws
Transport Minister Dipuo Peters

PMI improves but manufacturing conditions remain tough

1st August 2013 The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) remained above the key 50-point mark for the fourth consecutive month in July when it increased marginally by 0.6 points to 52.2, but challenging market conditions persisted. Kagiso Asset Management head of research Abdul Davids said... →

NUM members hold march at Arnot mine

31st July 2013 About 1 000 miners represented by the National Union of Mineworkers (NUM) were planning to hold a march at diversified resources group Exxaro's Arnot coal mine, 43 km outside Middelburg, on Wednesday afternoon. The members would present the company’s management with a memorandum of demands. →

SA needs general anticorruption body – Hoffman

31st July 2013 Corruption “in high places” could be countered by an effective general anti-corruption body, South African Institute of Accountability director Paul Hoffman said on Wednesday. →

Changing SA’s labour law not the answer, says DDG

31st July 2013 Despite calls for a review of South Africa’s labour legislation to resolve the country’s labour issues, Department of Labour deputy director-general for labour policy and industrial relations, Les Kettledas, said on Tuesday that the answer was not in amending the law, but rather in the proper... →

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