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Sashnee Moodley

Sashnee Moodley

Sashnee Moodley is Senior Deputy Editor Polity and Multimedia.

Load-shedding the biggest risk to SMEs, survey finds

21st August 2015 At least 71% of small and medium-sized enterprises (SMEs) consider load-shedding the biggest external threat to their businesses this year. 

Ascendis makes international foray with Spanish acquisition

21st August 2015 Health and care brands group Ascendis Health last week announced its first international acquisition – an initial 49% stake in Spanish pharmaceutical group Farmalider for R210-million. 

Ascendis makes international foray with Spanish acquisition
KARSTEN WELLNER The acquisition was aligned with the Ascendis international growth strategy of diversifying across different markets

Eastern Cape wind farm on track for 2016 operation

21st August 2015 Cleaner energy company Cennergi’s Amakhala Emoyeni Wind Farm, in the Eastern Cape, is set for commercial operation in June 2016, with the first shipment of wind turbines having arrived in May at Coega Bay, in Port Elizabeth.  

Eastern Cape wind farm on track for 2016 operation
WIND TURBINES The 134.4 MW plant will consist of 56 N117/2400 Nordex turbines and will have a capacity factor of 35%

Turbine foundations being laid at N Cape wind project

21st August 2015 The construction of the first 14 wind turbine foundations for the Noupoort Wind Farm in the Umsobomvu local municipality, in the Northern Cape, was completed last month, with the remaining 21 foundations expected to be completed by the end of the year.  

Turbine foundations being laid at N Cape wind project
LAYING THE FOUNDATION Umsobomvu local municipality mayor Nombulelo Hermans at the Noupoort Wind Farm site

Baking third-scarcest job in South Africa

21st August 2015 Deputy President Cyril Ramaphosa chaired a Human Resources Development Council (HRDC) meeting at the Pick n Pay regional offices in Johannesburg earlier this month, where it was revealed that baker was the third scarcest occupation in South Africa.  

Baking third-scarcest job in South Africa
Photo by Duane Daws
CYRIL RAMAPHOSA Attention needs to be paid to basic and secondary education, as well as higher education, vocational training and adult education

Northam posts R1.03bn FY loss

20th August 2015 JSE-listed Northam Platinum has posted a R1.03-billion loss for the 2015 financial year, in line with expectations as set out in a trading statement earlier this week. 

Northam posts R1.03bn FY loss

Emira achieves 9% distribution growth in FY 2015

19th August 2015 JSE-listed Emira Property Fund on Wednesday reported distributions per participatory interest (PI) of 134.27c – a distribution growth of 9% – for the 12 months to June 30. Emira’s net asset value increased by 15.9% to R17.51/PI and it achieved a distributable income growth of 14% to R685.5-million. 

Emira achieves 9% distribution growth in FY 2015
Emira outgoing CEO James Templeton

Makhura advocates for more black entrepreneurs in the economy

18th August 2015 Sector strategies to break the monopoly structured economy were being developed for Gauteng, said Premier David Makhura in Sandton on Monday. 

Makhura advocates for more black entrepreneurs in the economy
Photo by Duane Daws
David Makhura

Retrenchment crisis already affecting 45 000 jobs in S Africa – union

18th August 2015 Analysis has shown that at least 45 000 jobs across 58 companies are already affected by staff reduction processes this year, trade union Solidarity said at a media conference, in Centurion, on Tuesday.  

Retrenchment crisis already affecting 45 000 jobs in S Africa – union
Photo by Reint Dykema
Solidarity CEO Dirk Hermann

Joburg chosen to host 2017 Global Entrepreneurship Congress

14th August 2015 Johannesburg has been chosen to host the Global Entrepreneurship Congress (GEC) in March 2017 – a first for Africa – that will bring together entrepreneurs, investors, researchers and policymakers to foster entrepreneurship worldwide as a tool for development.  

Joburg chosen to host 2017 Global Entrepreneurship Congress
Photo by Duane Daws
LINDIWE ZULU Government was certain that the Global Entrepreneurship Congress 2017 would help sustain momentum in creating an entrepreneurial revolution

Eastern Cape ‘sky economy’ will support NDP, Ipap visions

14th August 2015 The Coega Development Corporation (CDC) says its project to develop a proposed sky economy – a R3.67-billion cargo airport and aerospace and advanced manufacturing industrial cluster at the Coega Industrial Zone (IDZ), in the Eastern Cape – aligns with the National Development Plan (NDP) and the... 

Eastern Cape ‘sky economy’ will support NDP, Ipap visions
MOGAMAD SADICK DAVIDS The sky economy forms part of the greater Coega development

Baker third scarcest job in S Africa

11th August 2015 Deputy President Cyril Ramaphosa last week chaired a Human Resources Development Council (HRDC) meeting at the Pick n Pay regional offices in Johannesburg, where it was revealed that baker was the third scarcest occupation in South Africa.  

Baker third scarcest job in S Africa

Consulting engineering industry achievements to be recognised

7th August 2015 Top honours will be awarded to member companies of Consulting Engineers South Africa (Cesa) next week, in Midrand, at the Cesa Aon Engineering Excellence Awards, which will showcase the quality, innovation and exceptional workmanship in the consulting engineering industry.  

Four-million low- to middle-income housing units needed

7th August 2015 Owing to an economic boom witnessed in most African countries, an opportunity for young engineers to venture into engineering management has transpired, stated Australia-based professional services firm SMEC COO Dr Tom Marshall at the launch of the Postgraduate School of Engineering Management... 

Four-million low- to middle-income housing units needed
WILL JIMERSON Growth will continue in the industry and the affordability and financeability of the end-user will be solved

Unified construction measurement standards to be published next year

7th August 2015 The International Construction Measurement Standards (ICMS) coalition was launched at the International Monetary Fund headquarters in Washington DC, in the US, last month, following the gathering of more than 30 worldwide professional bodies.  

Unified construction measurement standards  to be published next year
UNIFYING FOR PROGRESS The Royal Institution of Chartered Surveyors senior VP Amanda Clack signs the ICMS coalition declaration alongside representatives of other coalition organisations at the International Monetary Fund headquarters, in Washington DC

V&A Waterfront begins R20m solar project

7th August 2015 In an effort to reduce its demand on the energy grid in the Western Cape, the V&A Waterfront has begun a R20-million solar project that will include the installation of 7 000 m2 of solar panels on the roof of eight buildings across the property. 

V&A Waterfront begins  R20m solar project
V&A WATERFRONT The tourist attraction hopes to reduce its demand on the energy grid in the Western Cape with a R20-million solar project

Vacations drew tourists in 2014 but foreign arrivals down

4th August 2015 Vacationing was the main reason for tourists to visit South Africa in 2014, with a significant majority of 95.7% of tourists on holiday, while business travel and students made up less than 4% of tourists.  

Vacations drew tourists in 2014 but foreign arrivals down

SouthGobi CFO resigns, successor to be announced

4th August 2015 Mongolia-focused coal miner SouthGobi Resources CFO Bertrand Troiano has resigned following a two-year secondment from mining giant Rio Tinto, which ended on July  

Former Centerra Gold president, CEO detained in Bulgaria

4th August 2015 Bulgarian authorities have detained former Centerra Gold president and CEO Leonard Homeniuk, apparently at the request of Kyrgyz Republic authorities. 

First Nickel resumes operations at Lockerby after explosion

4th August 2015 Mining and exploration company First Nickel resumed normal operations on Monday, following an underground explosion at its Lockerby mine, south-west of Sudbury, in Ontario, on Sunday morning.  

First Nickel resumes operations at Lockerby after explosion

Sanral embarks on R2.2bn worth of projects in the Eastern Cape

3rd August 2015 State-owned South African National Roads Agency Limited (Sanral) is undertaking 32 projects, totalling R2.2-billion, in the Eastern Cape, this year. 

Sanral embarks on R2.2bn worth of projects in the Eastern Cape
Sanral CEO Nazir Alli

Ascendis makes first international acquisition with buy-out of Spanish group

3rd August 2015 Health and care brands group Ascendis Health on Monday announced its first international acquisition – an initial 49% stake in Spanish pharmaceutical group Farmalider for R210-million. 

Ascendis makes first international acquisition with buy-out of Spanish group
Karsten Wellner

Joburg places digital innovation roll-out at heart of smart-city strategy

31st July 2015 As part of its commitment to a smart city, the City of Johannesburg is digitally empowering citizens to ensure that they are fluent in the uses and possibilities of the digital space. 

Joburg places digital innovation roll-out at heart of smart-city strategy
PARKS TAU Digital access is becoming as much an equity issue in society as access to water and electricity

UK Bloodhound sponsorship launched ahead of car’s SA arrival

31st July 2015 The global launch of the British sponsorship of the Bloodhound Supersonic Car (SSC) took place in Centurion earlier this month ahead of the cars arrival in South Africa, in 2016, for its attempt to break the world land speed record with a design speed of 1 690 km/h. 

UK Bloodhound sponsorship launched  ahead of car’s SA arrival
UK SPONSORSHIP The project is a rich vein of scientific collaboration

Load-shedding the biggest risk to SMEs – survey

30th July 2015 At least 71% of small and medium-sized enterprises (SMEs) consider load-shedding the biggest external threat to their businesses this year. 

Load-shedding the biggest risk to SMEs – survey

Busa to mark Women’s Month with business programmes for corporate women

28th July 2015 Business Unity South Africa (Busa) will, in August, host the Women in Business Master Class Series and the Women on Board Training, to commemorate Women’s Month and promote and embrace transformation in the workplace. 

Busa to mark Women’s Month with business programmes for corporate women

Joburg chosen to host international entrepreneurship congress in 2017

28th July 2015 Johannesburg has been chosen to host the Global Entrepreneurship Congress (GEC) in March 2017 – a first for Africa – that will bring together entrepreneurs, investors, researchers and policymakers to foster entrepreneurship worldwide as a tool for development.  

Joburg chosen to host international entrepreneurship congress in 2017
Photo by Duane Daws
Small Business Development Minister Lindiwe Zulu

Spaza shop discount App wins inaugural Hack.Jozi challenge

24th July 2015 The three winners of the inaugural R5-million Hack.Jozi Challenge were announced earlier this month at a formal awards ceremony in Johannesburg, following five months of competition among the 140 participants.  

Spaza shop discount App wins inaugural Hack.Jozi challenge
DESMOND MONGWE The PopApp Deals secured Mongwe R1-million for product development

Lydian says further project upgrades possible at Amulsar

17th July 2015 Gold mining and mineral exploration company Lydian International on Thursday said there was potential for further project upgrades through a value-engineering programme at its 100% owned Amulsar gold project, in Armenia. 

Lydian says further project upgrades possible at Amulsar

Brio says output on track to meet 2015 guidance, new discovery at Fazenda Brasileiro

17th July 2015 Brio Gold, a subsidiary of Yamana Gold, announced on Thursday that its mines were on track to meet its 2015 guidance of 130 000 oz of gold at an average cash cost of $730/oz of gold. 

Brio says output on track to meet 2015 guidance, new discovery at Fazenda Brasileiro

$2m drilling programme starts at Alaska Peninsula copper-gold project

17th July 2015 A drilling programme had started at the Alaska Peninsula copper-gold project, in south-west Alaska, explorer Millrock Resources reported on Thursday.  

$2m drilling programme starts at Alaska Peninsula copper-gold project

UK sponsorship of Bloodhound launched ahead of its arrival in S Africa

17th July 2015 The global launch of the British sponsorship of the Bloodhound Supersonic Car (SSC) took place in Centurion on Thursday ahead of the car’s arrival in South Africa, in 2016, for its attempt to break the world land speed record with a design speed of 1 690 km/h. 

UK sponsorship of Bloodhound launched ahead of its arrival in S Africa
BLOODHOUND SPONSORSHIP

Warnings of lost opportunities amid delay in finalising new solar-geyser rebate

17th July 2015 Government’s ambitious national solar water heating (SWH) rebate programme, which was suspended in February until further notice, has left investors and businesses in limbo. The programme was launched in 2008 to help mitigate energy system constraints by installing a million solar geysers in... 

Warnings of lost opportunities amid delay in finalising new solar-geyser rebate

Warnings of lost opportunities amid delay in finalising new solar-geyser rebate

17th July 2015 Government’s ambitious national solar water heating (SWH) rebate programme, which was suspended in February until further notice, has left investors and businesses in limbo.  

Warnings of lost opportunities amid delay  in finalising new solar-geyser rebate
GORDON MACKAY The Department of Energy has failed to present documentation to the Portfolio Committee on Energy indicating its intentions regarding the programme

National minimum wage could lead to higher unemployment, warns Neasa

13th July 2015 Government’s proposal for a national minimum wage creates a challenge because if the wage threshold is set too high, it will result in job losses but, if set too low, it becomes meaningless, says National Employers’ Association of South Africa (Neasa) CEO Gerhard Papenfus.  

National minimum wage could lead to higher unemployment, warns Neasa

Metals, engineering sector challenges will affect employment – Seifsa

13th July 2015 Stagnant demand and high production costs are likely to result in declining employment in the metals and engineering sector.  

Metals, engineering sector challenges will affect employment – Seifsa
Photo by Duane Daws
Henk Langenhoven

Company punts patented tank solution as water-crisis safeguard

10th July 2015 Water conservation company Waterbank Africa hopes to engage government in the high-volume roll-out of its patented, pressurised water tank – the Waterbank– to help ease the burden of water loss.  

Company punts patented  tank solution as  water-crisis safeguard
WATERBANK Waterbank founders Geoff Brown and Les Lange

Harvard academic outlines the importance of cities in spurring innovation

10th July 2015 The success of any city depends on the ability of its citizens to share ideas and influence each other, says Harvard University economics professor Edward Glaeser. 

Harvard academic outlines the importance of cities  in spurring innovation
EDWARD GLAESER There is no future in rural urbanisation

South African learners to conduct experiment at CERN

10th July 2015 Eight Grade 11 learners from St John’s College and two from Barnato Park High School, both in Johannesburg, recently teamed up to win the European Organisation for Nuclear Research’s (CERN’s) Beamline for Schools competition and will travel to Switzerland in September to carry out their winning... 

South African learners to conduct  experiment at CERN
TEAMWORK Accelerating Africa’s proposed experiment will study the properties of a crystal undulator for the production of megaelectron volts-range gamma radiation

Free trade zone could add impetus to already growing intra-African trade

10th July 2015 The Africa Free Trade Zone is a “fantastic” initiative that will easily increase tradability and, ultimately, increase trade flow among the 26 countries in Africa, says trade-related credit insurance solutions provider Euler Hermes MD Greg Nosworthy. 

Free trade zone could add impetus  to already growing intra-African trade
GREG NOSWORTHY Over past ten years, intratrade flow in Africa has increased by almost 300%

2% GDP growth within reach but not enough to heal SA’s ills – Nene

3rd July 2015 Finance Minister Nhlanhla Nene earlier this month stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the country’s challenges.  

2% GDP growth within reach but not enough to heal SA’s ills – Nene
Photo by Duane Daws
NHLANHLA NENE The main constraints to economic growth are domestic
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