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SA ECONOMIC GROWTH HIT BY MINING SECTOR

Posted on 14 May 2013 by Africa Business

Will the Chinese purchase divested mining interests?

South Africa’s economic growth is lagging somewhat behind that of its peers in the developing world. IMF forecasts for 2013 indicate that emerging and developing economies will grow by 5,5% while SA’s GDP is expected to grow between 2,5% and 3%.

Global ranking

Country Name

GDP in Millions of US dollars (2011)

27

South Africa

408,237

39

Nigeria

243,986

60

Angola

104,332

88

Kenya

33,621

105

Zambia

19,206

One of the key reasons for slower growth is SA’s foreign trade structure and reliance on Europe. President Zuma used the opportunity at the World Economic Forum in Davos earlier this year to ensure foreign investors that South Africa is on the right track.

2012 will be remembered for the negative impact of labour unrest and resultant production stoppages in the mining sector. Mining reduced GDP by 0,5% in the first three quarters of the year. This excludes the biggest slump in the sector during the fourth quarter 2012.

Other significant features of the growth slowdown in 2012 were the slowdown in household consumption spending, poor growth in private fixed investment spending and a slump in real export growth.

South African’s inflation rate slowed to a five-month low in January 2013 after the statistics office adjusted the consumer price basket while food and fuel prices eased. In December, the inflation rate fell to 5,4% from 5,7% Statistics South Africa stated.

Government cut the price of fuel by 1,2% in January 2013, as a stronger rand in the previous month helped to curb import costs. Since then, the currency has plunged 4,8% against the dollar and fuel prices are on the rise, with prices increasing in March by a further 8%, adding to pressure on inflation.

South Africa’s strengths

· South Africa is the economic powerhouse of Africa, leading the continent in industrial output and mineral production, generating a large portion of the continent’s electricity.

· The economy of South Africa is the largest in Africa, accounting for 24% of the continent’s GDP in terms of PPP, and is ranked as an upper-middle income economy by the world bank.

· The country has abundant natural resources, well developed financial, legal and transport sectors, a stock exchange ranked amongst the top 20 in the world, as well as a modern infrastructure supporting efficient distribution of goods throughout the Southern African region.

South Africa’s weaknesses

· South Africa suffers from a relatively heavy regulation burden when compared to most developed countries.

· Increasing costs for corporates with rising wages.

· Poverty, inequalities sources of social risk mixed with high unemployment and shortage of qualified labour.

Mining

Output in the mining sector remained weak in December with total mining production down by 7,5% y-o-y after falling by a revised 3,8% (previously -4,5%) in November. On a monthly basis production rose by a seasonally adjusted 1,2% compared with 12,0% in November. Non-gold output was down by 5,0% y-o-y, while gold production slumped by 21,2% in December. For the fourth quarter, total mining production fell by a seasonally-adjusted and annualised 4,6% q-o-q as output of most minerals dropped.

For 2012 as a whole, mining volumes fell by 3,1% after contracting by 0,9% in 2011. Mineral sales were down by 15,6% y-o-y in November after falling 13,7% in October. On a monthly basis sales rose by a seasonally-adjusted 2,3% in November, but sales were down by a seasonally-adjusted 10,2% in the three months to November after declining by 6,8% in the same period to October. These figures indicate that the mining sector is still reeling from the devastating effects of widespread labour strikes in the third and early fourth quarters.

Prospects for the mining sector remain dim as the industry faces headwinds both on the global and domestic fronts. Globally, commodity prices are not likely to make significant gains as demand conditions remain relatively unfavourable. Locally, tough operating conditions persist. Rapidly rising production costs, mainly energy and labour costs, are likely to compel mining companies to scale back operations or even halt them in some cases.

This will have a negative impact on production, with any improvements coming mainly from a normalisation of output should strike activity ease. These numbers, together with other recent releases, suggest that GDP growth for the fourth quarter was around 2,0%, with overall growth of 2,5% for the year as a whole. Overall economic activity in the sector therefore remains generally sluggish while upside risks to inflation have increased due to the weaker rand.

Retail

Annual growth in retail sales slowed to 2,3% in December from 3,6% in the previous month. Over the month, sales rose by a seasonally-adjusted 1,0%, causing sales for the last quarter of 2012 to decline by 0,2% following 2,1% growth in the third quarter.

As a whole, 2012 retail sales rose by 4,3%, slightly down from 5,9% in 2011. Consumer spending is likely to moderate during 2013 as weak consumer confidence, heightened worries about job security and high debt, make consumers more cautious about spending on non-essential items. The overall economic outlook remains weak and fragile, while inflation may increase due to the weaker rand.

Manufacturing

Annual growth in manufacturing production slowed to 2,0% in December 2012 from 3,7% in the previous month, versus the consensus forecast of 2,9%. The increase in output was recorded in seven of the ten major categories. Significant contributions came from petroleum, chemical products, rubber and plastic products. Over the month, total production fell by 2,2% on a seasonally adjusted basis following a 2,6% rise in November.

On a quarterly basis, however, production improved by 1,6% in the final quarter of 2012 following two quarters of weaker growth. Both local and international economic conditions are expected to improve only moderately during 2013. A weak Eurozone will continue to hurt the large export-orientated industries.

The recent recovery in infrastructure spending by the public sector will probably support the industries producing capital goods and other inputs for local projects. But the growth rate will be contained by slower capital expenditure by the private sector in response to the bleaker economic environment both locally and internationally.

Therefore, while a moderate recovery in manufacturing production will continue in 2013, no impressive upward momentum is expected. Overall economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand.

Infrastructure

A new economic plan, the National Development Plan (NDP), is likely to be adopted in 2013 promoting low taxation for businesses and imposing less stringent employment requirements. This a measure that the ANC is pursuing ahead of the 2014 national elections. The NDP will encourage partnerships between government and the private sector, creating opportunities in petrochemical industries, metal-working and refining, as well as development of power stations.

Construction companies are especially likely to benefit from government plans to invest $112-billion from 2013 in the expansion of infrastructure as part of the NDP. Some 18 strategic projects will be launched to expand transport, power and water, medical and educational infrastructure in some of the country’s least developed areas.

Energy companies will also benefit, following the lifting of a moratorium on licences for shale gas development. Meanwhile, there will be significant opportunities, especially for Chinese state-owned enterprises that have recently made high-profile visits to South Africa, to acquire divested assets in the platinum and gold mining sector as large mining houses withdraw from South Africa.

According to government reports, the South African government will have spent R860-billion on new infrastructure projects in South Africa between 2009 and March 2013. In the energy sector, Eskom had put in place 675 kilometers of electricity transmission lines in 2012, to connect fast-growing economic centers and also to bring power to rural areas. More than 200 000 new households were connected to the national electricity grid in 2012. Construction work is also taking place in five cities including Cape Town, Port Elizabeth, Rustenburg, Durban and Pretoria to integrate different modes of transport.

Business Climate

Due to South Africa’s well-developed and world-class business infrastructure, the country is ranked 35th out of 183 countries in the World Bank and International Finance Corporation’s Doing Business 2012 report, an annual survey that measures the time, cost and hassle for businesses to comply with legal and administrative requirements. South Africa was ranked above developed countries such as Spain (44) and Luxembourg (50), as well as major developing economies such as Mexico (53), China (91), Russia (120), India (132) and Brazil (126).

The report found South Africa ranked first for ease of obtaining credit. This was based on depth of information and a reliable legal system.

Foreign trade

SA’s trade deficit narrowed to R 2,7-billion in December from R7,9-billion in November on account of seasonal factors. The trade balance usually records a surplus in December due to a large decline in imports. Exports declined 9,8% over the month. The decrease was mainly driven by declines in the exports of base metals. Vehicles, aircraft and vessels (down R1,1-billion), machinery and electrical appliances (down R0,9-billion) and prepared foodstuffs, beverages and tobacco (down 0,8-billion). Imports dropped 15,8% m-o-m.

Declines in the imports of machinery and electrical appliances (down R3,3-billion), original equipment components; (R1,8-billion), products of the chemicals or allied industries (R1,5-billion) and base metals and articles thereof (R1,2-billion) were the main drivers of the drop.

The large trade deficit for 2012 is one of the major reasons for the deterioration in the 2012 current account deficit forecast to 6,2% of GDP from 3,3% in 2011. South Africa’s trade performance will remain weak in the coming months on the back of unfavourable global conditions and domestic supply disruptions. Weak global economic conditions will continue to influence exports and growth domestically.

Skills and education

The need to transform South Africa’s education system has become ever more urgent, especially given the service delivery issues that have plagued the system. While government continues to allocate a significant amount of its budget to education (approximately 20%), it has not been enough to transform the schooling system. Coface expects the government to continue to support this critical sector, but that an opportunistic private sector will take advantage of government inefficiencies.

South Africa’s education levels are quite low compared to other developed and developing nations. South Africa began restructuring its higher education system in 2003 to widen access to tertiary education and reset the priorities of the old apartheid-based system. Smaller universities and technikons (polytechnics) were incorporated into larger institutions to form comprehensive universities.

Debt

The total number of civil judgments recorded for debt in South Africa fell by 9,8% year on year in November 2012 to 35 268, according to data released by Statistics South Africa. The total number of civil judgments recorded for debt decreased by 15,2% in three months ended November 2012 compared with the three months ended November 2011.

The number of civil summonses issued for debt fell 23,9% year-on-year to 70 537. During November, the 35 268 civil judgments for debt amounted to R414,1-million, with the largest contributors being money lent, with R142,5-million. There was a 21,9% decrease in the total number of civil summonses issued for debt in the three months ended November last year compared with the same period in 2011. A 23,9% y-o-y decrease was recorded in November.

South Africa maintains respectable debt-to-GDP ratios, although these grew to 39% of GDP by end-2012, substantially higher than the 34% for emerging and developing economies as a whole. When Fitch downgraded SA earlier this year, it specifically mentioned concerns about SA’s rising debt-to-GDP ratio, given that the ratio is higher than the country’s peers.

South Africa is uniquely exposed to foreign investor sentiment through the deficit on the current account combined with liquid and deep fixed interest markets. SA’s widening deficit on the current account is a specific factor that concerns the rating agencies and is one of the metrics the agencies will use to assess SA’s sovereign risk in the near future. Further downgrades are the risk – potentially driven by foreign investor sentiment about political risks.

Political landscape

Persistent unemployment, inequality and the mixed results of BEE (Black Economic Empowerment) intended to favour access to economic power by the historically disadvantaged populations have led to disappointment and resentment.

Social unrest is increasing. Recent events weakened the ruling coalition which came under fire for its management of these events. Tensions could intensify in the run up to the 2014 presidential elections. South Africa has a well-developed legal system, but government inefficiency, a shortage of skilled labour, criminality and corruption are crippling the business environment. South Africa also has a high and growing youth unemployment, high levels of visible inequality and government corruption so we would keep an eye on the escalating service delivery protest trends.

Labour force

The unemployment rate fell to 24,9% in the fourth quarter of 2012 from 25,5% in the third quarter, mainly reflecting an increase in the number of discouraged work seekers. Over the quarter, a total of 68 000 jobs were lost while the number discouraged work seekers rose by 87 000. The formal non-agricultural sector lost 52 000 jobs over the quarter, while the informal sector, in contrast, employed 8 000 more people. The breakdown shows that the highest number of jobs were lost in the private households category (48 000), followed by the trade and transport sectors, which shed 41 000 and 18 000 jobs respectively.

The agricultural sector led employment creation over the quarter, adding 24 000 jobs. Both local and international economic conditions are expected to improve only moderately during 2013.

Weak confidence and high wage settlement will make firms more cautious to expand capacity and employ more people this year. Government is likely to be the main driver of employment as it rolls out its infrastructure and job creation plans. The unemployment rate will therefore remain high in the short term.

Although the reduction in the unemployment rate is good news, it mainly reflects the large number of discouraged work seekers. Overall economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand. Coface believes that this will persuade the Monetary Policy Committee to keep policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. A reversal in policy easing is likely only late in the year or even in 2014.


 


Issued by:                                                                              Sha-Izwe/CharlesSmithAssoc

ON BEHALF OF:                                                   Coface

FURTHER INFORMATION:                                  Charles Smith

Tel:          (011) 781-6190

Email: charles@csa.co.za

Web:       www.csa.co.za

Media Contact:

Michele FERREIRA /
SENIOR MANAGER: MARKETING AND COMMUNICATION
TEL. : +27 (11) 208 2551  F.: +27 (11) 208 2651   M.: +27 (83) 326 2268
michele_ferreira@cofaceza.com

 

BUILDING D, DRA MINERALS PARK, INYANGA CLOSE

SUNNINGHILL, JOHANNESBURG, SOUTH AFRICA
T. +27 (11) 208 2500 –
www.cofaceza.com

About Coface

The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2012, the Group posted a consolidated turnover of €1.6 billion. 4,400 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 158 countries, based on its unique knowledge of companies’ payment behaviour and on the expertise of its 350 underwriters located close to clients and their debtors. In France, Coface manages export public guarantees on behalf of the French state.

Coface is a subsidiary of Natixis. corporate, investment management and specialized financial services arm of Groupe BPCE.. In South Africa, Coface provides credit protection to clients. Coface South Africa is rated AA+ by Global Ratings.

www.cofaceza.com

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“MTN Business are passionate about Machine2Machine and therefore utilize our own solutions effectively as part of our green drive.”

Posted on 08 May 2013 by Africa Business

 



Exclusive interview with Kevin Jacobson
, General Manager, Business Indirect Sales, MTN Business. MTN is a platinum sponsor at African Utility Week.



Q: What are you most excited about regarding MTN’s current utility projects?

A: Our extensive M2M experience allows us to play a consultative role in the value chain. At MTN Business we have the opportunity to work with companies that provide a multitude of solutions including smart metering, where we are able to offer the know-how for effective implementation in this regard.

MTN Business have launched two products that Corporates themselves can monitor measure and in doing so, control and become more operationally effective and environmentally conscious.

These products include:

· Water Monitoring (WM) – a Machine2Machine solution that allows the customer to monitor their business’ water usage and access real-time and reporting through a web-based service. This MTN Machine2Machine device is connected to a water meter and using the meter’s standard pulse outputs, provides accurate hourly, daily, weekly, monthly and annual consumption reports. In addition, a business can also generate flow rate graphs detailing hourly consumption patterns, and can configure maximum/minimum flow rate alarms with escalation via SMS and email.

· Automated Meter Management (AMM) – controls and monitors a business’ electricity usage and takes advantage of the accurate hourly, daily, weekly, monthly and annual monitoring. Not only does this solution provide an overview of the meter, the SIM card and the network status, but it allows a business to remotely configure its electricity meter and backup usage information on a database.

Q: What sets MTN’s solutions apart from the competition?

A: MTN Business are passionate about Machine2Machine and therefore utilize our own solutions effectively as part of our green drive. We aim to not only save money and allow companies to do the same; but we are also doing our bit to save the planet. We have the vision that will take our customers into the future.

Q: Can you give us an indication of MTN’s interests in the African utility market?
A:
MTN is the largest operator on the African continent. At MTN, we understand the scarcity of resources and therefore the need to preserve and conserve resources. It is important to have real time information and manage our resources as best we can. We therefore selected this platform to participate in, in order to network with those who share a similar viewpoint to us, to gain insight as well as to showcase our innovations and the products that we offer to the utilities sector.

Q: What do you think are the main challenges for the energy industry in Africa?

A: We have a shortage of power in South Africa, inadequate resource running at full capacity without the luxury of being able to implement effective preventative maintenance. This leads to the risks of load shedding which in turn negatively impacts the economy. The Energy sector is battling to get their energy savings message across as well as failing in providing effective billing and collection leading to overloaded and oversized call centers, high debtors days and massive bad debt. Utilities need to get real time billing to the customer, increase transparency to consumers, demonstrate the real effects of energy conservation and let them experience the fruits of their effort. Consumers need to tangibly see the cost saving in order to change behavior.

Q: What is your vision for the industry?

A: Smart Grids; Smart meters; informed Corporates and consumers. Our vision for the industry is this:

· Smart Grids and Smart Meters

· Effective use of alternative enerygy

· Corporates and Consumers with a real time view of their accurate bills

· Utilities use time based tariffs to control usage.

· Creation of a larger green conscious community that understand the value of preserving resources.

Q: What surprises you about this industry?

A: So much can be done with the technology that is already available. Technology is at our finger tips and we have yet to exploit it as we could.

Q: What is your specific message at this year’s African Utility Week?
A:
Let’s start to effectively involve both corporates and consumers, give them the power and the consciousness to make a difference and lead them. Let’s use the technology available, partner and leave our mark.

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“I think energy efficiency and management in the short to long term is the way to go and this conference’s emphasis on ways to improve these is impressive.”

Posted on 08 May 2013 by Africa Business

Exclusive interview with Norman Ndaba:
Global Client Services Partner (GCSP),
Director: Power & Utilities at Ernst & Young –
platinum sponsors at African Utility Week.

1) Norman Ndaba is Ernst & Young’s Sector Leader for Power and Utilities. Here is some background on him and the position:

Position Role
Norman is Ernst & Young’s Power & Utilities sector leader in Africa and he is also the Global Client Service Partner (GSCP) for Eskom. Amongst his duties Norman does the following;

· With account teams achieve the goals for global revenue, global margin, and global sales/pipeline

· Build and leverage strong client relationships

· Champions Expected Service Quality (ESQ) and Assessment of Service Quality (ASQ) levels

· For specific large pursuits, develop the pursuit strategy. Support the account team in pursuit of new business, including escalating decisions regarding required investment in the account

· Sponsor account-wide knowledge and technology initiatives and participate in knowledge sharing activities.

· Identify solutions provided to the client that could be leveraged to other accounts

· Build, develop and maintain a diverse, high performance teams with appropriate expertise.

· Identify key account investment needs, including alliances and partnering.

Value to Power & Utilities Africa

Wide energy industry knowledge and expertise in serving energy companies in sub-saharan Africa.

Norman has over 25 years experience in the energy industry. Prior to joining Ernst & Young, he spent 15 years in various positions and locations in the downstream oil business of Royal Dutch Shell. He has had extensive exposure to strategic marketing planning, project investment and evaluation analysis, and participated in strategic internal and external studies.

In the last 10 years Norman has served as Eskom’s client services partner on behalf of Ernst & Young and has been instrumental in forging and initiating Ernst & Young Africa Power & Utilities strategy including coordinating local and international Ernst & Young teams to serve clients across Africa.

Relevant clients

Eskom Holdings

City Power

PeU investments

City of Tshwane

Central Energy Fund (CEF)

Department of Energy (DOE)

EDI Holdings (EDI)

Nampower

PetroSA

Sasol Limited.

2) Any exciting projects that you are working on that you can share with us?
I am currently working on a security of revenue project for a major Metro with emphasis on energy efficiency and energy management.

3) What would you say are the main challenges today for utilities on the continent?

· Finding the resources and the capacity to deal with climate change,

· providing acceptable, reliable and affordable energy in an accountable manner,

· war for talent,

· cost of capital and accessibility, and

· capital Projects execution.

4) The power sector is still seen as a good investment opportunity by many, would you agree with that?

Yes

5) What is your vision for this industry?

To leapfrog the energy divide in Africa by 2020.

6) What surprises you about this industry?
How many smart people there are.

7) Ernst & Young are platinum sponsors at African Utility Week – why did you decide to
partner with this event?

I think energy efficiency and management in the short to long term is the way to go and that this conference’s emphasis on ways to improve these is impressive.

8 ) What are you most looking forward to at the CEO Forum during the event?

I am looking forward to interactive discussions with the people who actually do manage the power sector and hear their views in an open forum.

9) You are launching a power and utility report during the CEO Forum, can you give us a
sneak preview of its contents? Any surprises?

No surprises really. Globalisation has got a way of levelling the playing field and shortening distances so to speak.

10) What will be your main message at African Utility Week?
Africa you are not alone. Leapfrog Vision 2020 – is it achievable, if so what is achievable?

11) Anything you would like to add?

I wish a good conference at a personal and corporate level for all the delegates.

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PLATINUM SPONSOR INTERVIEW: “Symbion and many other companies from the United States are ready to invest in Africa.”

Posted on 07 May 2013 by Africa Business

Exclusive interview with Paul Hinks, CEO of Symbion Power, platinum sponsors at the upcoming African Utility Week (http://www.african-utility-week.com).

1) Why the recent decision to acquire the stake in the South African company EJP Power?
We wanted a foothold in South Africa and we wanted to strengthen the management of our organization on the Africa continent.  EJ Power has good, experienced management who live in Africa.  We can’t manage day to day business with a whole day of time difference and between 9,000 and 13,000 kms of distance, depending which of our current operations you measure it against.

2) Is this a vote of confidence in South Africa’s economy and future?
It’s a vote of confidence in Africa.  South Africa’s economy is mature compared to many of the emerging economies in Africa but it’s a hub for African business so a good location to have people.  But we don’t consider South Africa as the only hub in Africa these days.  There are others in West Africa and East Africa where the economies are thriving.

3) You already have a good track record in Tanzania.  Can you tell us how your project is progressing there?  How important has your relationship with the government been?
Tanzania is the first country in Africa that we have worked in. Until then we were heavily focused on Iraq and Afghanistan so it has been a pleasure to return to Africa.  We now own 3 power plants in Tanzania generating 217 Megawatts and we have recently signed an agreement with the utility there, TANESCO, to jointly develop a 400MW power plant and a 650km transmission line in the south at Mtwara.  This plant will have the potential to provide natural gas fired power to neighboring countries such as Mozambique and Malawi and eventually it can feed the Southern African Power Pool. It’s an important Public Private Partnership due to the large gas deposits that have been discovered, in addition to the existing gas field at Mnazi Bay.

4) How excited are you about entering the Nigerian market?
Very excited. Nigeria is the most vibrant market in the energy sector in Africa and it’s so very, very different than the Nigeria we used to hear about decades ago.  I tell everyone who is skeptical to just go there and see what’s happening and not rely on old information, or the words of people who haven’t been in recent years.   We will soon open a new office in Lagos that will become the headquarters of our African independent power business.  South Africa will be the headquarters for our construction and engineering business but we intend to pursue IPP opportunities in South Africa too.

5) What is your vision for Symbion in Africa?
I’d like to see Symbion become one of the leading independent power companies on the continent who can also build our own infrastructure at economic costs.  I’d also like us to leverage our origin in the United States to bring other US interests into our developments such as the various government agencies that provide debt funding and credit support as well as other US and African private sector companies.  The name Symbion comes from the word Symbiotic, which means a relationship of mutual benefit between two or more entities.  That’s what we strive to achieve. We have many different partnerships in Africa and elsewhere.

6)  What surprises you about this industry?
What most surprises me is that electricity, a commodity that people all over the world see as being essential for daily life and critical to growth, is so insufficient in Africa.  However, right now I see great efforts being made throughout the continent to change this although some places are still woefully behind the curve.

7)  What has been the secret of Symbion’s success so far?
Symbiotic partnerships with local companies.  Not being greedy and trusting and sharing with our local partners.  Symbion’s men and women are committed and they are courageous.  They aren’t intimidated by adverse news reports about security issues and we make our own judgments about the risks we will take.  Eight years of Iraq and Afghanistan built a very strong team who look out for each other.

8 )  What will be your message at African Utility Week?
My message to everyone at African Utility Week is that Symbion and many other companies from the United States are ready to invest in Africa.  These firms are ethical, they have integrity and they need partners in both the public and private sectors.  The US government wants to support both the US and the African private sector as this is the route to development on the continent.  President Obama’s strategy for Sub Saharan Africa was set out in June 2012 and I am sure that everyone will soon see that he is committed to it.

9)  Anything to add?
Yes,  as well as my duties as the Chief Executive Officer of Symbion Power I am also the Chairman of the Corporate Council on Africa which is the largest (not for profit) organization in the United States that promotes trade and investment between the United States and Africa.  Until this year it was exclusively American but now we have opened the doors to companies from Africa too.  I’d encourage private sector players who have interests in partnering with US companies to join the CCA www.africacncl.org because this is where you can get the introductions and the information you need to build new relationships with some of the major players in the US.  I’d also encourage public utilities to attend our CCA US Africa Summit in Chicago in October this year.  Details on membership and the Summit can be found on the website.

 

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Sponsors and supporters sign up on mass for The 2nd East Africa Oil and Gas Summit (EAOGS) taking place 29-30 October 2013 in Nairobi

Posted on 27 April 2013 by Africa Business

 

Nairobi, April

The 2nd East Africa Oil and Gas Summit (EAOGS) announces a host of new sponsors and supporters for the Summit taking place in 6 months’ time at the Intercontinental in Nairobi. Afren and Ernst and Young have signed up as Platinum Sponsors, Africa Oil and ABS as Gold Sponsors, Aggreko and Simba Energy as Bronze Sponsors and Afex Group as Associate Sponsor. EAOGS is also supported by leading industry and government associations including The Eastern Africa Chambers of Commerce, UKTI, Delegation of German Industry and Commerce in Kenya and the US Commercial Service.

‘We’re delighted by the response from sponsors and supporters for this year’s EAOGS and it’s clear that the event has really made its mark as the most prestigious Oil & Gas Summit for the East Africa region’ said Danny Grogan from the organisers Global Event Partners (K) Ltd. ‘We had excellent feedback from the EAOGS 2012 participants and we’ve had a lot of interest from international and local companies, so the Summit is set to be a huge success’ added Grogan.

The EAOGS 2013 conference will bring together regional National Oil Companies, Ministries, IOC’s, independent oil companies, service companies, legal advisors and investors to debate the oil and gas road map for the region. The Speaker line-up so far features Hon Stephen Dhieu Dau, Minister of Petroleum and Mining, South Sudan, Elly Karuhanga, President, Tullow Uganda, Galib Virani, Director, Afren East Africa Exploration, Keith Hill, CEO, Africa Oil and Lex Huurdeman, Senior Expert, Oil, Gas and Mining Policy Unit, SEGOM – World Bank. The full list of confirmed speakers and the latest programme and 2013 brochure are available to view on the website.

EAOGS 2013 will build on the success of the 2012 Summit which was co-hosted by the Ministry of Energy, Kenya and Global Event Partners (K) and was a resounding success welcoming 326 delegates from over 170 regional and international companies attended with delegates coming from 29 countries.

EAOGS 2013 BROCHURE (Acrobat Reader)

Organisers
EAOGS is organised by Global Event Partners (K) Ltd and is part of Global Event Partners Ltd headquartered in London. Global Event Partners Ltd has more than 40 years’ experience of delivering events of the highest quality and at the highest level for the oil & gas industry, specifically working in Africa for the past 12 years.

Corporate website : www.gep-events.com Event website www.eaogs.com

 

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World Earth Day: Clean Power Africa to showcase renewable energy solutions for businesses

Posted on 15 April 2013 by Africa Business

Clean Power Africa to showcase top hydro, solar and wind technology

“Today’s World Earth Day reminds us all of our need to commit to protecting our environment and increasing renewable energy projects instead of relying on the more traditional power sources is a great way for countries and companies to start making a difference.”   This is according to Emma Sayers, the conference producer of the upcoming Clean Power Africa in Cape Town’s CTICC from 14-15 May. 

The event will give an exclusive look at hydro, wind and solar projects and opportunities across the African continent, gathering major stakeholders in the clean power energy generation sector looking at feasible solutions to fulfil Africa’s generation capacity needs.

Benefits of energy efficiency
Says Emma Sayers:  “renewable energy sources need to play a vital role in increasing capacity worldwide.  Not only are they necessary to create sustainable energy sources, reduce carbon emissions but they also help to create jobs.“ 

She continues:  “more and more governments around the world are acknowledging the benefits of energy efficiency and renewable energy as central elements of any green economy strategy.  Renewables are also increasingly becoming critical to providing access to energy, particularly in rural areas of the developing world, especially in Africa.”

Clean Power Africa provides a unique focus on renewable energy and the plans that need to be put to integrate this technology into the utility environment.  The specially designed exhibition floor workshops will pull together some of the more technical aspects of the renewable energy sector with important topics such as integrating wind energy with the grid and technical innovation of hydro mechanical structures.

Better quality of life
Global energy giant, the 121-year-old Marelli Motori, is the top, platinum sponsor for Clean Power Africa.  “Our goal is to help ordinary people in Africa have a better quality of life”, says Regional Manager Africa, Dean Pratt.  Marelli Motori designs, manufactures and supplies in excess of 200 000 synchronous and asynchronous generators and electric motors to the power generation, renewable power, petrochemical and marine industries annually.  Says Dean Pratt:  “20% of Marelli Motori turnover is already based on renewable energies, namely mini-micro power stations.”

Silver sponsors for the event are the solar experts
DuPont.   Stephan Padlewski, Market & Program Leader at DuPont Photovoltaic Solutions:  “The African continent is well suited for solar power, since it is mostly rural and there is a need for power in many areas.  Solar energy can help address these issues in the short-term and also contribute to local economic development.”

He says the biggest challenge to the South African energy market is in building and strengthening investor confidence, which he says is the key to a healthy solar industry in South Africa.  Stephan Padlewski continues:  “And, well-defined regulatory and legislative frameworks are needed that allow for feed-in to the grid at all voltage levels.  These frameworks will further allow the market to develop at a sound pace.”

Some 5000 power professionals from all over the continent are to meet at Clean Power Africa and the co-located African Utility Week from 14-15 May at the CTICC, where Eskom CE Brian Dames will once again deliver the keynote address.

Renewable energy in action
The event will also offer a unique site visit to three successful renewable energy projects in the Cape Town region including the Green Energy District in Montague Gardens with a state of the art manufacturing facility at AEG Power Solutions where over 60% of the components are locally sourced.  Clean Power Africa delegates also have the opportunity to visit Africa’s largest rooftop solar installation at Vodacom in Century City.  The 500kw installation supplies 65% of the peak power required for the Vodacom site.   At the Oldenburg Wine Estate a 44.65kw ground mounted solar installation provides much needed power on the farm.

The dates for Clean Power Africa are:
Exhibition & Conference: 14-15 May 2013
Pre-conference Workshops: 13 May 2013
Site Visits: 16 May 2013
Location:  CTICC, Cape Town
Website: www.clean-power-africa.com ; www.african-utility-week.com

Contact:
Communications manager:  Annemarie Roodbol
Office:  +27 21 700 3558
Mobile:  +27 82 562 7844
Email:  annemarie.roodbol@clarionevents.com

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7e electro, automation & energy du 18 au 21 mai 2013 à Alger

Posted on 13 April 2013 by Africa Business

Le salon leader de l’énergie en Algérie est appuie par la participation active de Sonelgaz et Condor Electronics

La 7e édition de l’événement n°1 en Algérie sur les énergies se tiendra du 18 au 21 mai 2013 au Palais des Expositions d’Alger – Safex. Le salon compte de nombreux leaders du marché de neuf pays, le groupe Sonelgaz et l’un des plus grands participant et Condor Electronics est le Sponsor Platinum. Le salon international s’accompagnera d’un riche programme de conférence étalé sur deux jours sur les énergies renouvelables et l’efficacité énergétique. electro, automation & energy 2013 est organisé par fairtrade, et son équipe algéro-allemande. L’entrée au salon et aux conférences est gratuite et réservée qu’aux professionnels.


Le groupe Sonelgaz – la Société Algérienne de l’Électricité et du Gaz vient de confirmer sa participation comme l’un des exposants majeurs. Sonelgaz sera présent avec 6 de leurs sociétés filiales, notamment : AMC – Société des Appareils de Mesure et de Contrôle, CEEG – Compagnie d’Engineering de l’Electricité et du Gaz, CREDEG – Centre de Recherche et de Développement de l’Electricité et du Gaz, MEI – Société de Maintenance des Equipements Industriels, ROUIBA Eclairage, SPE – La Société Algérienne de Production de l’Électricité.

Condor Electronics, un des producteurs leader dans la fabrication de produits électroniques, se mets sur le marché des énergies renouvelables et de l’efficacité énergétique. Leur présence comme exposant et Sponsor Platinum donne une haute valeur à cet évènement comme plateforme B2B idéal pour présenter leurs innovations et solutions.

De plus la forte participation de l’Algérie, nombreux leaders du marché d’Allemagne, China, Corée du Sud, Égypte, France, Italie, Serbie et Tunisie ont déjà réservés leur espace.

Le salon s’accompagnera d’une conférence plénière sous le thème : « Energies Renouvelables & Efficacité Energétique dans le cadre du développement durable en Algérie – RSE à RGA ». Des conférenciers et experts renommés participerons aux conférences et débats sur le développement durable, parmi eux : le Ministère de l’Energie et des Mines, Sonelgaz, GTP filiale SH, APRUE, Ministère de la PME & PMI – Investissements, CDER et le Ministère de l’environnement.

Les organisateurs recommandent aux visiteurs de préenregistrer pour le salon en avance, au site web de l’évènement. Selon Dominik Rzepka, Directeur marketing et RP de fairtrade : «  un pré-enregistrement ne prend plus que trois minutes et permet aux visiteurs non seulement un accès gratuit, mais assure en plus de recevoir une copie du catalogue officiel du salon ».

www.electro-automation.info

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Sonelgaz and Condor Electronics featuring Algeria’s leading energy exhibition

Posted on 13 April 2013 by Africa Business

 

7th electro, automation & energy from 18 to 21 May 2013 in Algiers

The 7th edition of Algeria’s leading energy exhibition takes place from May 18 – 21, 2013 at the Palais des Expositions d’Alger – Safex. Amongst numerous market leaders from nine countries, the Sonelgaz Group is one of the major exhibitors and Condor Electronics is the Platinum Sponsor. The event is accompanied by conferences on renewables and on energy efficiency. electro, automation & energy 2013 is organized by the trade fair specialists from fairtrade Messe and its algero-german team. The entrance to the exhibition and the conference is free-of-charge and restricted to professionals only.


Sonelgaz, the state-owned utility in charge of electricity and natural gas distribution in Algeria confirmed their participation as exhibitor at electro, automation & energy 2013. The participation of Sonelgaz includes also the participation of six of its subsidiary companies, namely: AMC – Society for measuring and control systems, CEEG –Engineering company for electricity and gas, CREDEG – Centre for research and development in electricity and gas, MEI – Society for industrial equipment maintenance, ROUIBA Eclairage and SPE – The Algerian society for production of electricity.

Condor Electronics, one of Algeria’s leaders in consumer electronics, now also enters the field of renewable energies and energy efficiency. Being exhibitor and Platinum Sponsor of electro, automation & energy Condor Electronics values this event as the ideal business to business platform to display their innovations and solutions.

Additionally to the strong Algerian participation, numerous international market leaders from China, Egypt, France, Germany, Italy, Serbia, South Korea and Tunisia already signed in.

The exhibition will be accompanied by a two-day conference with the topic: “Renewables & Energy Efficiency in the context of sustainable development in Algeria”. As in 2012, top-level speakers of the Algerian Ministries of Energy and Mines, of Industry and Commerce and of Environment as well as executives of Sonelgaz, GTP filiale SH, APRUE, CDER and many others will participate.

The organisers recommend to the trade visitors to pre-register for the exhibition at the event’s website in advance. According to Dominik Rzepka, Head of Marketing and PR with fairtrade, pre-registration takes less than three minutes and provides visitors with a free, fast track entry to the exhibition, a personal visitor badge and a complimentary copy of the official show catalogue.

www.electro-automation.info

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“With over 600 hundred referenced sites across the globe Clean Power Africa offers us an opportunity to share our experiences.”

Posted on 08 April 2013 by Africa Business

“To help ordinary people in Africa have a better quality of life.”

Exclusive interview with Dean Pratt, MarelliMotori’s Regional Manager Africa.  MarelliMotori is a platinum sponsor for Clean Power Africa

 

1) What are you most excited about currently in terms of Marelli’s products and solutions?

The past year’s outstanding results.
The progress in both the Italian and Malaysian factory expansions.
Increasing our global presence.
Major focus on strategic products (renewable energies, large machines, machines for hazardous applications and bespoke solutions).
Focus on service points.

 

2) What is on the calendar for MarelliMotori for 2013?

Obviously Marelli Motori plans for further growth.
To achieve further growth Marelli Motori has invested in technology, R & D and product development.
Additional human resources have been hired despite the difficult international scenarios.
Being unchanged we offer the same levels of quality and integrity.
Being more visible at conferences/exhibitions etc (Middle East Electricity in Dubai, 3rd Energy Forum in China, Clean Power Africa) to name a few.

 

3) What opportunities do you see in Africa?

Africa is a giant continent with huge energy challenges but rich in natural resources. These natural resources could and should be utilised to improve the energy challenges which in turn would improve the quality of life for many people living on this continent.
Marelli Motori can assist with renewable energies (hydro, bio mass), oil and gas whenever energy and or power solutions are required.
Marelli Motori’s long lasting presence in Africa confirms our commitment to support the continent needs. The local office has been present in South Africa since 2001.

4) What do you think makes Marelli Motori competitive in this market?

Quality.
Service.
Commitment to meet customer requirements.
Offering a wide range of products (hydro power generators, large machines, machines for hazardous applications and bespoke solutions).

5) What do you think are the biggest challenges to the South African/African energy market?

Financing of projects.
Slow decision making.
Lack of planning.

6) Why does Marelli Motori keep returning to Clean Power Africa?

20% of Marelli Motori turnover is based on renewable energies (mini – micro power stations).
With over 600 hundred referenced sites across the globe this event offers us an opportunity to share our experiences.
To help ordinary people in Africa have a better quality of life.

7) What will be the main message that Marelli Motori has for the African Utility Week delegate and visitor?

With over 121 years of experience Marelli Motori is ready to advise on the best power solution for our customers’ application.
As part of its commitment to its customers Marelli Motori has in place a global support structure through the Marelli Motori sales, service and distribution offices located in: Italy, Great Britain, Germany, Malaysia, the USA and South Africa.
Worldwide, Marelli Motori designs, manufactures and supplies in excess of 200,000 synchronous and asynchronous generators and electric motors to the power generation, renewable power, petrochemical and marine industries annually.

8)   Anything you would like to add?
Marelli Motori has a tradition dating back to 1891 when Ercole Marelli founded the company. Today Marelli Motori is recognised internationally as a leading designer, manufacturer and supplier of synchronous and asynchronous generators and electric motors to the power generation, renewable power, petrochemical and marine industries to name a few. These products are available up to 9,000 kVA for generators and 5,000 kW for electric motors from 400 V to 15,000 V.

 

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Global Jewellery Market to Surpass USD 272 Billion Revenues by 2018 Says TechSci Research

Posted on 11 March 2013 by Africa Business

Increasing population, rising household income and changing lifestyle in Asia Pacific and Middle Eastern region to drive global jewellery market revenues in the next decade.

 

Vancouver, Canada –(PR.com)– According to recently published report “Global Gems and Jewellery Market Forecast & Opportunities, 2018”, in 2012, United States generated maximum revenues in the global jewellery market. The country is also the largest consumer for diamonds globally.

However, regionally Asia Pacific holds the largest jewellery market in the world with more than half of the share being contributed by India and China alone. India and China are also the two largest gold consumers in the world followed by the Middle Eastern region. Other countries in Asia pacific such as Thailand and Vietnam are also large consumers of gold and the driving the regional growth of the market.

China is the world’s largest platinum consumer followed by Japan. India accounts for more than half of the world’s diamond processing industry and is the world’s largest importer of rough diamonds and largest re-exporter of diamonds.

The jewellery market in the developing regions is made up of several small family run businesses which make up for a large unorganized market. Even though, multinational companies are operating jewellery chains across most of the regions which contribute to the global jewellery market’s organized sector, but the market still governed for a large unorganized sector. The market is somewhat more organized in the developed regions such as North America and Europe. The markets in Middle East and Asia pacific are the fastest growing markets in the world and are now contributing to the maximum jewellery demand.

The market is also experiencing trends such as implementation of CAD (Computer Aided Designing) and RP (Rapid Prototyping) for enhancing the production procedures. The market for imitation jewellery is an emerging segment and is growing fast all across the world. Factors such as increasing population, rising household incomes, changing lifestyles are constantly contributing to the increasing demand of jewellery products across the globe.

According to a recently published report by TechSci Research “Global Gems and Jewellery Market Forecast and Opportunities, 2018”, the gold jewellery market currently accounts for 43% of the global jewellery market. Given the increasing disposable incomes and growing markets in the Asia Pacific and Middle East regions, the market is set to expand immensely. TechSci Research estimates the global jewellery market to grow beyond USD 272 Billion by 2018, growing at a CAGR of over 5%.

The jewellery market is further classified into segments such as gold, diamond, platinum and other categories such as silver , imitation jewellery, colored gems and precious stones etc. In 2012, gold jewellery market dominated the industry in terms of value. But, diamond jewellery and other types of jewellery are set to grow rapidly over the coming years.

The report “Global Gems and Jewellery Market Forecast and Opportunities, 2018” has analyzed the growth potential of jewellery segments across various regions in the world and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.

Contact Information
TechSci Research
Arpita Sharma
+1 646 360 1656
Contact
www.techsciresearch.com
2950, Boundary Road,
Burnaby, British Columbia,
Canada – VM5 3Z9
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