Support for farmers affected by drought

Deputy President David Mabuza says government has offered support to farmers who were affected by drought in the Free State, Northern Cape and the Eastern Cape. “As government, we will not allow our agricultural sector to collapse because farmers are the lifeblood of our economy. That is why as part of our response to these challenges, we have set aside a package of financial assistance to affected farmers in various provinces. “I am advised by the Department of Agriculture, Land Reform and Rural Development that various provinces were assisted with…

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SA accelerates the manufacture of trains

The Passenger Rail Agency of South Africa (Prasa) is accelerating the manufacturing of trains in order to deal with the backlog in the supply of commuter trains, says Transport Deputy Minister Dikeledi Magadzi. “This forms part of the Department’s rail modernisation programme through which we shall ensure that rail becomes the backbone of both passenger and freight transportation in South Africa,” Magadzi said. Addressing the Women in Transport “Empowerpreneurship” Summit in Cape Town on Thursday, she said improving transport is an essential ingredient in improving the lives of people. “This…

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African cattle investing – the new cash cow?

The MyFarmbook app enables investors to buy shares in a cow from their mobile phone for as little as R576. Tanisha Heiberg, Reuters  /  29 July 2019 10:53 Livestock contributes around 51% to South Africa’s agricultural economy and is often seen as a measure of wealth across Africa. Picture: Brendon Thorne, Bloomberg Cattle have long been considered a measure of wealth across Africa – but it is not just farmers cashing in. A pioneering app in South Africa lets investors, eager to benefit from rising global beef demand, buy shares in a cow…

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Sasol’s South African plants threatened by emission standards

Company says equipment needed to cut emissions is too costly and difficult to install. While Sasol has already won a postponement, Eskom is yet to hear whether its applications to have its compliance with the sulfur dioxide emission standards delayed from 2020 until 2025 are successful. Picture: Bloomberg Sasol said some of its South African plants are under threat from sulfur dioxide emission standards that it will need to comply with by 2025. The company, South Africa’s biggest by revenue, operates plants that convert coal into motor fuel and chemicals…

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The Cape Chamber’s women in business project goes global

CAPE TOWN -The Cape Chamber of Commerce and Industry on Thursday said its newly launched project to help women in business, NextGen, has been accepted by the International Women’s Entrepreneurial Challenge (IWEC) Foundation for world-wide application. Former President of the Chamber and member of the IWEC international board, Janine Myburgh, said the purpose of the project is to develop the next generation of women entrepreneurs and elevate them to find global connections to grow their businesses. “The “NextGen” development programme has evolved from the IWEC mentorship scheme in which successful…

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Growth of Halaal industry in Africa creates trade and business opportunities

JOHANNESBURG – The explosive growth of the Halaal industry in Africa is creating many trade and business opportunities in the food, pharmaceuticals, personal care, cosmetics and tourism industries, organisers of an upcoming trade show said on Friday. The Global Trade Show (GTS) will run on July 29-31 in Midrand, with the South African National Halaal Authority (SANHA) among a growing number of Halaal organisations supporting it. South Africa is a leading producer of Halaal products worldwide, despite its relatively small Muslim population. “GTS attracts participants from around the world,” said Anina…

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AECI blames Eskom for under performance

JOHANNESBURG – AECI yesterday became the latest listed company to point to Eskom’s rolling blackouts earlier in the year for the under performance that underpinned some of its major divisions in the six months to end June.Chief executive Mark Dytor said the division’s Senmin’s overall volumes took a knock year-on-year due to a decrease in off-take of bulk liquid xanthate as a consequence of electricity supply constraints. Dytor said he expected the division to bounce back on lesser interruptions and a conducive international mining environment. He said while narrow reef…

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R135m power-cable plant to open in PE

CAPE TOWN – Trade and Industry Minister Ebrahim Patel will on Thursday open a R135million high-voltage power-cable plant in Port Elizabeth. The plant forms part of Aberdare Cables’ expansion strategy and is a direct response to President Cyril Ramaphosa’s campaign to attract investment and grow the economy, a statement said yesterday. The investment will increase Aberdare Cables’ manufacturing capability of cables from a current level of 33kV to a new product offering of up to 132kV. The facility is expected to be functional towards the end of July. Fifty-eight jobs…

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Consumer Watch: Chicken importers fight tariff hikes with facts

Domestic chicken producers and importers are sparring over tariff increases, which could see hikes of up to 82% on duties. Ultimately, those cost increases will filter down to the consumer. Now the Association of Meat Importers and Exporters (Amie) has released the findings of a comprehensive study it commissioned into the local industry, which shines new light on the impact of trade protection, domestic production and the critical role of these chicken imports. The research, commissioned from FTI Consulting, an international business advisory, indicates that implementing tariff increases on chicken…

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Scientists create low-cost flow batteries to store renewable energy

INTERNATIONAL – Researchers from the University of Colorado Boulder developed a low-cost, high-performance battery chemistry that could one day realize scalable grid-level storage for wind and solar energy, thus reducing people’s reliance on fossil fuels. The study published on Thursday in the journal Joule reported two flow batteries using chromium and organic binding agents to achieve exceptional voltage and high efficiencies. Renewable energy is currently lacking a large-scale solution for storing harvested energy and re-deploying it to meet demand when the sun isn’t shining and the wind isn’t blowing. The…

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