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United Kingdom

Joe Bavier

Volkswagen South Africa targets record output despite headwinds

20 Feb 2019

JOHANNESBURG German carmaker Volkswagen's South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with unions, its managing director said.

UPDATE 1-VW South Africa targets record output despite headwinds

20 Feb 2019

JOHANNESBURG, Feb 20 German carmaker Volkswagen's South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with unions, its managing director said.

African nations sense upper hand in minerals stand-off

08 Feb 2019

CAPE TOWN African nations with rich reserves of copper and cobalt needed for the shift to electric vehicles sense they have the upper hand in negotiations with mining companies that are struggling to secure better terms.

Cannabis craze weeds out junior mining field

07 Feb 2019

CAPE TOWN A boom in cannabis investment is siphoning capital away from mining and hitting junior miners hardest, forcing them to up their game and potentially improving the quality of projects in a sector long rife with cowboy speculators.

Guinea not flexible on Simandou infrastructure - minister

06 Feb 2019

CAPE TOWN, Feb 6 Guinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on Wednesday.

Ethiopia finalizing mining industry reforms: minister

05 Feb 2019

CAPE TOWN Ethiopia will finalize reforms for its underdeveloped mining and oil sectors within the next two months as it seeks to encourage more foreign investors, its mines and petroleum minister said on Tuesday.

Ethiopia finalising mining industry reforms -minister

05 Feb 2019

CAPE TOWN, Feb 5 Ethiopia will finalise reforms for its underdeveloped mining and oil sectors within the next two months as it seeks to encourage more foreign investors, its mines and petroleum minister said on Tuesday.

Ghana to miners: 'Respect the land that provides the riches'

05 Feb 2019

CAPE TOWN Ghana's President Nana Akufo-Addo demanded mining deals be more beneficial for Africa on Tuesday, calling on governments to end fiscal incentives traditionally used to attract investment to countries long viewed as rife with risk.

Congo poll leaves uncertainty for miners at heart of EV revolution

13 Jan 2019

JOHANNESBURG The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila - has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution.

Exclusive: South African state asset manager buys up struggling arms firm's bonds

20 Dec 2018

JOHANNESBURG South Africa's state asset manager has quietly bought up almost 90 percent of cash-strapped arms manufacturer Denel's bonds in the past 12 months, data from the country's main securities depositary showed.

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