R/€ = 18.8675 Change: 0.1441
R/$ = 17.3721 Change: 0.1725
Au 1924.06 $/oz Change: -4.93
Pt $/oz Change:


LME copper hits more than 6-month peak as China reopens border

By: Reuters     9th January 2023 London copper jumped to a more than six-month high on Monday, while most other base metals also rose as demand prospects brightened after top consumer China reopened its borders. Three-month copper on the London Metal Exchange was up 1.3% at $8 698.50 a tonne, as of 08:05 GMT, after hitting its... 

New space weather centre to provide real-time solar storm forecasts

By: Rebecca Campbell     16th December 2022 For the South African National Space Agency’s (SANSA’s) Hermanus facility, 2022 has been the year of space weather – in August, its new Space Weather Centre (SWC) began operations, although its formal launch took place in November. (Hermanus is a coastal town in the Western Cape province, some... 

More mines being recommissioned

By: Sabrina Jardim     9th December 2022 Many South African mines have, in recent years,  been placed under care and maintenance, owing to various factors, including an increase in production costs, Covid-19 lockdown restrictions and electricity, infrastructure and water constraints, says law firm Beech Veltman CEO Warren Beech.... 

UK approves first coal mine in 30 years, weakening climate push  

By: Bloomberg     8th December 2022 The UK approved opening its first deep coal mine in more than 30 years, risking backlash from activists portraying the project as a backward step in meeting ambitious climate goals. The Woodhouse Colliery project in Whitehaven, northern England, can go ahead, the Department for Levelling Up,... 

New high-tech African facility for SEW-EURODRIVE 

7th December 2022 SEW-EURODRIVE South Africa, a specialist in drive and control technologies, moved into its new state-of-the-art 26 000-m2 headquarters complex in Aeroton, Johannesburg, earlier this year. The new complex more than triples the floor and factory space that was available at its previous premises. 

There are signs of life in the local construction sector – CIDB

By: Irma Venter     2nd December 2022 There are some green shoots in the South African construction industry, despite predictions that the sector is facing imminent collapse, says Construction Industry Development Board (CIDB) CEO Bongani Dladla. “Next year will be a year of recovery, after the industry was hit by successive waves of... 

Trade, property developments, standards can grow industry

By: Cameron Mackay     25th November 2022 The African Continental Free Trade Area (AfCFTA) will offer growth opportunities for the local steel cladding sector as States ramp up extraction of their mineral and other natural resources, says Southern African Metal Cladding and Roofing Association (Samcra) executive director Dennis White.... 

Company supplies innovative products to sector

By: Cameron Mackay     25th November 2022 The prevalence of build projects for new warehouses, distribution centres and other logistics infrastructure has provided local steel supplier Macsteel with opportunities to supply its innovative products for steel construction and cladding projects. Some of these products include Novotexi and... 

New branches bring steel closer to customers

By: Cameron Mackay     25th November 2022 The new branches in Polokwane, in Limpopo, and Windhoek, in Namibia, have enabled steel products supplier Stewarts & Lloyds (S&L) to bring steel closer to customers, who would normally have had to wait for deliveries from a larger branch. “We’ve brought the steel to their doorstep; customers can... 

Local, global indicators suggest used-car market bubble may be about to burst – AutoTrader CEO

By: Irma Venter     25th November 2022 The used-car market has flourished in recent years, says digital vehicle marketplace AutoTrader. “Comparing AutoTrader trading data between the first quarter and third quarter this year to the same period last year indicates that the market has continued to thrive.” 

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