South Africa News Archives - Page 64 of 72

12Nov

By Africa BusinessNo Comments

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta of Nigeria, from 1 November 2012. China Development Bank joined Standard Bank Group as mandated lead arranger. They were joined by lead arrangers Ecobank Nigeria and First City Monument Bank. The facility was fully underwritten by Standard Bank Group. It was signed with Shoreline on 29 June 2012, has a 12+6 month tenor and is structured as a bank ...

10Nov

By Africa BusinessNo Comments

South Africa News

Standard Bank Group to scale back its international operations

Given the challenging global economic climate and evolving regulatory regime for banks, Standard Bank Group's Corporate & Investment Banking business (CIB) is continuing to right size its international operations in a responsible and deliberate manner. As part of this process, CIB will be driving higher levels of efficiency in both its front and back offices, and is planning to scale back certain product lines and geographies. These actions will be focused on CIB's geographic footprint outside Africa excluding Latin America. Says David Munro, Chief Executive, CIB: "Our strategic positioning remains strong. However we continue to seek ways to simplify our business, reduc...

9Nov

By Africa BusinessNo Comments

African News, South Africa News

IMN’s 10th Annual South African & African Capital Markets Conference

IMN's 10th Annual South African & African Cap Mkts Conference (Microsoft Word) 22-23 November 2012 The Westin Cape Town, Cape Town, South Africa NEW YORK CITY, NY – As we enter this next decade in the event's timeline, IMN and our event sponsors will build on our excellent reputation as the only 'must attend' capital markets conference in South Africa. Join us in Cape Town 22-23 November 2012, as the South African and African Capital Markets communities convene to explore and define the road ahead for the international debt capital markets. Co-Host: IFC The conference is co-hosted by IFC, a member of the World Bank Group and the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable ...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Ireland’s Minister for Trade and Development Leads Enterprise Ireland Trade Mission to South Africa

On Sunday 10 November 2012, Ireland’s Minister for Trade and Development, Joe Costello TD, will lead an Enterprise Ireland trade mission with 37 companies to South Africa. The trade mission is being organised by Irish trade and technology agency, Enterprise Ireland in close cooperation with Ireland’s Department of Foreign Affairs and Trade and the Embassy of Ireland in Johannesburg. It is aimed at cementing the growing trade relations between the two countries and is part of a broad, long term strategy to further develop Irish trade links and partnerships not just in the South African market, but in the wider Sub-Saharan region. Last year Irish exports to South Africa increased to €944m and exports for 2012 are expected to continue this momentum. South Africa exports ...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Leading IT summit to boost ICT sector in South Africa through improved broadband and infrastructure

The 4th annual IT Leaders Africa Summit will be held in South Africa's city of gold, Johannesburg from 13 to 14 March 2013. The summit is hosted and produced by international business-to-business conferencing company, Kinetic Events. The IT Leaders Summit series is hosted in strategic locations all over the world including Johannesburg, Dubai, Ghana, Cape Town and Nairobi. The series hosts over 150 CIOs and senior IT executives representing leading companies from the respective regions. South Africa, Republic of, Nov, 2012 - Telecommunications is one of the fastest growing sectors within South Africa's economy, driven by rapid growth in mobile and broadband connectivity within recent years. South Africa boasts a network that is reportedly 99.9% digital and includes the latest advancemen...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Mobile games partnerships on the rise in Africa

By Thandisizwe Mgudlwa EA has appointed Nazara Technologies to be their premier distributor of Mobile Games in Africa. And Nazara Technologies and EA leverage an existing relationship to maximize availability of high end games to mobile phone users across 49 countries in Africa. The announcement came from Dubai in the United Arab Emirates. Nazara Technologies , a leading mobile games developer and publisher, and Electronic Arts Inc. (NASDAQ: EA) announced they have entered into an exclusive business alliance to distribute EA’s collection of world class mobile games to over 770 million mobile phone consumers across Africa. Moreover, the agreement entitles Nazara to exclusive distribution rights of EA mobile games to all telecom operators across the African continent...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Coface projections on SA, Africa and the global economy will have to be tested

By Thandisizwe Mgudlwa Africa is best positioned to provide a thriving business environment, a leading International credit insurer attests. Coface has projected that by 2016, South African exports into Africa will increase significantly but will be offset by an equivalent drop in trade with Europe. The group also says that the will also be an increase in trade with Asia but trade with the US will remain at the current levels. And Garth de Klerk, CEO of Coface South Africa, says: "China will play an important role in SA’s economic future. Currently, 13% of total SA’s exports are to China. They consume 65% of all primary aluminum produced in SA and 70% of all iron ore mined in SA. Notably, China’s biggest export markets in 2011 was the EU at $356-billion followed by the US at...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

CTICC and Neotel taking conferencing to international standards

By Thandisizwe Mgudlwa The Cape Town International Convention Centre (CTICC) in conjunction with Neotel have produced a modern innovative conferencing technology. Also, this partnership has opened South Africa’s second public TelePresence room. TelePresence is an immersive meeting experience that offers ultimate video and audio clarity. The CTICC is also the first conference centre in South Africa to have a dedicated public TelePresence room. Participants are life-size, and every sound, gesture, and facial expression supports natural communication. Rashid Toefy, Chief Executive Officer said: “Joining multiple TelePresence calls creates a single, exclusive meeting space. This provides innovative and effective business collaboration and contributes towards faster decision m...

8Nov

By Africa BusinessNo Comments

African News, Rwanda News, South Africa News

International Gateway Traffic Verification System Now Fully Operational in Rwanda

CAPE TOWN, South Africa, November 8, 2012/PRNewswire via African Press Organization (APO)/ — A Joint Realization of Global Voice Group and SGS Societe Generale de Surveillance for the Rwanda Utility Regulatory Agency Global Voice Group (GVG) and SGS Societe Generale de Surveillance are proud to announce that the International Gateway Traffic Verification System (IGTVS), commissioned by the Rwanda Utility Regulatory Agency (RURA) earlier this year, is now fully operational. This successful rolling-out represents the outcome of a procurement process that began in November 2011 with an international tender issued by the RURA for a system “that would enhance their technical capacity to effectively exercise their regulatory mandate”. The bid was won by a consortium made of GVG and...

7Nov

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Abengoa Begins Construction on Two CSP Plants Awarded by the South Africa Department of Energy

- Khi Solar One and KaXu Solar One will be the first concentrating solar power (CSP) plants in South Africa and will use advanced technology specifically developed for the country's needs - Both plants will be able to store energy and generate power after sunset SEVILLE, Spain, Nov., 2012 /PRNewswire/ -- Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, announced today that it has begun construction on the 50 MW solar power tower Khi Solar One and the 100 MW parabolic trough plant KaXu Solar One in South Africa. The concentrating solar power (CSP) plants were two of the 28 renewable energy projects announced late 2011 by the South Africa Department of Energy (DOE). The DOE ...