R/€ = 16.95 Change: -0.01
R/$ = 16.63 Change: -0.01
Au 1783.95 $/oz Change: 6.70
Pt 943.00 $/oz Change: 8.50


Copper dips but interest rate hopes support

By: Reuters     8th August 2022 Copper prices eased on Monday but were supported by rising imports of the industrial metal by top consumer China and by hopes that interest rates will peak soon after rapid increases aimed at curbing inflation. Benchmark copper CMCU3 on the London Metal Exchange (LME) traded down 0.2% at $7 850... 

Industrial property faces expansion hurdles

By: Nadine Ramdass     5th August 2022 The local property sector was subjected to a forced slowdown, owing to the Covid-19 pandemic, consequently resulting in tension within the industrial property space as industrial tenants that needed to execute growth plans were waiting to evaluate what the real effects of Covid would be on their... 

High-flying Glencore locks in renewable power, prioritises future-facing metals  

By: Martin Creamer     4th August 2022 Diversified mining and marketing company Glencore, which delivered exceptionally strong financial results in the six months to June30, is taking steps to progress its decarbonisation pathway, CEO Gary Nagle said on Thursday. The steps include locking in a number of renewable purchase power... 

Eskom moves to ramp up maintenance at six coal plants as it seeks permission to buy up to 1 600 MW of surplus power 

By: Terence Creamer     1st August 2022 Public Enterprises Minister Pravin Gordhan reports that Eskom will seek the exemptions it requires to immediately buy up to 1 600 MW of surplus electricity generation that it believes could be available immediately from existing independent power producers (IPPs) and those private South African... 

Purpose-built drive solutions for African mining

29th July 2022 Motors and drives original-equipment manufacturer (OEM) SEW-EURODRIVE notes the completion of the new multimillion local assembly facility in Johannesburg has resulted in lead time advantages.  The OEM is currently delivering on a R200-million investment in the expanded South African facility,... 

Kinross expects FY production at low-end of guidance

By: Mariaan Webb     28th July 2022 Canada-based Kinross has increased production in the second quarter, producing 453 978 gold-equivalent ounces (GEOs) in the three months ended June, mainly owing to higher grades and throughput at the Tasiast mine, in Mauritania. The miner cautioned, however, that its full-year production would... 

Supplier leveraging industry experience to carve out market segment

By: Simone Liedtke     27th July 2022 Industrial equipment supplier Caslad is leveraging its industry experience and contacts to solidify themselves as a large player within the light industrial and materials handling market segment. Since the start of the Covid-19 pandemic, the company has seen a dramatic increase in sales through... 

Ramaphosa doubles next renewables round, scraps 100 MW cap on distributed plant and moots feed-in tariff as he unveils load-shedding crisis response 

By: Terence Creamer     25th July 2022 President Cyril Ramaphosa unveiled several far-reaching interventions – including a doubling in the allocation for the next renewables procurement round, the scrapping of the 100 MW licence-exemption threshold for distributed generators and a proposal of a feed-in tariff for self-generating... 

A2C Distributors grows from strength-to-strength, attending EMA2022

By: Simone Liedtke     18th July 2022 Still going strong since it was established in 1997, business support services provider A2C Distributors has grown its range progressively. The company supplies a variety of tools and solutions to suit a customers’ needs and requirements. 

Confectionery company using vacuum pump gripper tech

15th July 2022 Global packaging system manufacturer Tecno Pack SpA has designed and built grippers able to handle pick-and-place applications in the plant of a leading international confectionery company, using industrial vacuum equipment supplier Piab's piGRIP suction cups and piCOMPACT 23 SMART vacuum pumps.... 

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