Kibo Energy makes rapid progress with Benga project in Mozambique

Negotiations with potential coal suppliers and private power off-takers would receive priority attention during 2019 Q1.

Multi-asset Africa-focused company Kibo Energy said on Wednesday its 65%-owned Benga Independent Power Project in Mozambique, which includes a 150-300MW coal-fired power station, was advanced toward potential development with joint venture partner Termoelectrica.

Kibo Energy makes rapid progress with Benga project in Mozambique
Kibo Energy makes rapid progress with Benga project in Mozambique

Kibo Energy makes rapid progress with Benga project in Mozambique

Negotiations with potential coal suppliers and private power off-takers would receive priority attention during 2019 Q1.

Competition Tribunal halts Mediclinic hospital merger in North West

Competition Tribunal halts Mediclinic hospital merger in North West

The merger was prohibited reportedly due to the substantial lessening of competition that would likely arise.
EXEO Capital buys 36% stake in juice maker Jumbo Brands

EXEO Capital buys 36% stake in juice maker Jumbo Brands

Chief executive Gustav Kraaij says the partnership looks forward to pursuing opportunities in the beverage and snack markets.
Transport sector retirement fund recognised as industry leader

Transport sector retirement fund recognised as industry leader

The fund says it’s grateful the industry has given it recognition for putting its members at the heart of the business.
Venezuelans fear fuel shortages after US oil sanctions

Venezuelans fear fuel shortages after US oil sanctions

The US imposed sanctions on Venezuela’s state oil company PDVSA on Monday.
Competition Commission’s funding challenges worries Black Business Council

Competition Commission’s funding challenges worries Black Business Council

The council says the commission plays a key role in investigating and evaluating business practices in the country.
‘Lord Voldemort’ insurance agent jailed in Singapore

‘Lord Voldemort’ insurance agent jailed in Singapore

A disgruntled insurance agent threatened to harm his clients unless they paid him bitcoins.
Lewis Group benefits from diversification despite challenging conditions

Lewis Group benefits from diversification despite challenging conditions

Merchandise sales were enhanced by the acquisition of United Furniture Outlets and increased by 22.8% for the quarter.
Trust trumps money for Facebook with earnings due

Trust trumps money for Facebook with earnings due

Winning back trust is seen as the key priority for Facebook as the world’s biggest social network readies its update on the final months of 2018 on Wednesday.
Uniconta opens first offices in Cape Town

Uniconta opens first offices in Cape Town

According to the company, the new Cloud ERP solution was precisely developed to help companies work more efficiently.
Technology and employment explained by head of business administration

Technology and employment explained by head of business administration

Martin Butler was addressing about 200 guests at the university’s business seminar held on Tuesday
The time for bemoaning Zuma years is over, says Sipho Pityana

The time for bemoaning Zuma years is over, says Sipho Pityana

The president of BUSA was speaking at the inaugural 2019 Business Economic Indaba in Johannesburg.
Vodacom says MTN invented the ‘Please Call Me’ first

Vodacom says MTN invented the ‘Please Call Me’ first

MTN allegedly created the idea and patented it a month before Makate approached Vodacom with his version.
Ramaphosa to address business economic indaba

Ramaphosa to address business economic indaba

Finance Minister Tito Mboweni and minister of public enterprises Pravin Gordhan will also participate.
Cape Town, science and technology department to host Africa Tech Week

Cape Town, science and technology department to host Africa Tech Week

According to the organisers, the conference will be speaking to all kinds of businesses about digital disruption.
Orion Minerals secures R35m loan for Prieska Zinc-Copper Project

Orion Minerals secures R35m loan for Prieska Zinc-Copper Project

The project is underway in the Areachap belt in South Africa’s Northern Cape province.
US free news sites BuzzFeed, HuffPost feel the layoff pinch

US free news sites BuzzFeed, HuffPost feel the layoff pinch

America’s free online news heavyweights, BuzzFeed and HuffPost, this week were rocked by a new wave of layoffs, a sign of an advertising-dependent economic model under threat.
Torn over coal, German village struggles to heal

Torn over coal, German village struggles to heal

Sybille Tetsch returned to the German village of Proschim to set up a restaurant four years ago, in an attempt to save her birthplace from mining excavators and heal a deep rift there over the future of coal.
Businesses struggle as cracks appear in China’s economy

Businesses struggle as cracks appear in China’s economy

Cracks are opening in China’s mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs.
Mixed emotions in Germany as 500-euro note bows out

Mixed emotions in Germany as 500-euro note bows out

As the ECB takes the final step in phasing out the 500-euro note, few are expected to mourn a bill favoured by criminals but rarely seen in daily life.
US, China resume high-stakes poker in trade talks

US, China resume high-stakes poker in trade talks

With a month left in their truce, senior US and Chinese officials will meet in Washington this week, hoping to move toward a bargain to end their unprecedented trade war.
Supreme skateboard collection auctioned for $800,000

Supreme skateboard collection auctioned for $800,000

A collection of all 248 skateboards produced by streetwear brand Supreme has been sold for a record $800,000 at a Sotheby’s online auction.
Facebook getting its messaging apps to be friends

Facebook getting its messaging apps to be friends

Facebook says it is trying to get its messaging apps to be friends, allowing encrypted missives be exchanged no matter which of its services are used.
Amcu threatens to shut down mining operations

Amcu threatens to shut down mining operations

Amcu members at Sibanye-Stillwater at Beatrix in the Free State, Kloof and Driefontein in Gauteng have been on strike since November.
10 years after crisis, bank CEO pay swells again

10 years after crisis, bank CEO pay swells again

Ten years after Wall Street recklessness helped lead to the Great Recession, compensation for top bank CEOs is soaring even as pay flattens at junior levels.
US video game industry scored $43.4 bn record sales in 2018

US video game industry scored $43.4 bn record sales in 2018

From “Fortnite” to “Pokemon Go,” play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday.

 

 

 

 

 

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