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12Dec

By Africa BusinessNo Comments

JinkoSolar to Supply 81 MW WBHO-Building Energy in South Africa

SHANGHAI, Dec. 12, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has signed a contract with fix price to supply WBHO-Building Energy (Pty) Ltd. ("WBHO-BE") with 81 MW of photovoltaic (PV) modules for the solar PV park project in Gamagara Local Municipality, Northern Cape Province, South Africa. The project will be developed, designed, constructed and commissioned by WBHO- BE and is, so far, the largest project in African Continent and one of the first approved under the South African government's Renewable Energy Program. JinkoSolar will deliver a total of 344,540 PV high quality solar panels for the project, which is expected to generate...

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...

6Nov

By Africa BusinessNo Comments

African News

Lubricant Demand Growth Stalls in Mature Markets, Strong Growth on the Horizon for New Emerging Markets, Sees Kline

PARSIPPANY, N.J., Nov., 2012 /PRNewswire/ -- Despite the challenges of a precarious economic environment, the 2011 global lubricant market grew a resilient 2%, with global lubricant demand estimated at 38.6 million tonnes. This growth was largely fuelled by the BRIC countries' resurgent industrial activity and expansion in the commercial and passenger vehicles sales, according to the recent Global Lubricants: Market Analysis and Assessment report by international consulting and research firm Kline & Company. The United States remains the largest lubricant market, but its near 22% global share continues to decrease. China and India are the next biggest markets with a combined total of over 26%, with Russia's consumption expected to surpass Japan's and consequently be the fourth...

16Oct

By Africa BusinessNo Comments

African News, South Africa News

China in South Africa: media responses to a developing relationship

Chinese Journal of Communication Volume 5, Issue 3, 2012 Special Issue: Media and the State: China and Beyond China in South Africa: media responses to a developing relationship DOI:10.1080/17544750.2012.701428 Herman Wassermana Abstract The formal invitation extended to South Africa by China late in 2010 to join the BRIC formation of emerging economies (Brazil, Russia, India, and China) may be seen as a confirmation of the growing economic ties between China and South Africa. The expanded trade between these two countries allows South Africa an opportunity to meet its development needs. For China, the interest in South Africa as an emerging market forms part of its growing interest in Africa for resources, markets, and diplomatic support. However, this involvement...

15Oct

By Africa BusinessNo Comments

African News, South Africa News

BRICS Countries: Delayed Reforms are Jeopardising Positive Development

BERLIN and RIO DE JANEIRO, October 15, 2012 /PRNewswire/ -- Growth alone will not resolve problems if emerging markets do not change at the same time Contrary to the forecasts of success in recent years, the 'BRICS' (Brazil, Russia, India, China and South Africa) are greatly in need of reform in key political areas. At the same time, their political systems often lack the capacity to reform, which is jeopardising future growth potential. A large-scale international comparative study by the German Bertelsmann Stiftung also comes to the same conclusion. The urgency of the problem and the capacities for reform vary significantly between the five countries. By comparison, Brazil has the most promising future prospects. Here, major reforms, for example in the fight against poverty a...

11Oct

By Africa BusinessNo Comments

African News

Altai Technologies Connects One of the Largest Townships in South Africa with Super WiFi Solution

HONG KONG, Oct. 11, 2012 /PRNewswire/ -- Altai Technologies Limited today announced that a leading wireless internet service provider in South Africa, e-Mbizo, has selected Altai Super WiFi Solutions to provide wireless connectivity in Tembisa, one of the largest townships in South Africa. In Tembisa, e-Mbizo has deployed Altai A8 Super WiFi Stations to provide large area outdoor WiFi coverage as well as C1 Super WiFi CPE's to provide indoor coverage and extend the outdoor coverage. In addition, it has deployed Altai A2 for backhaul links across the town. The wireless network covers the major areas of Tembisa to provide high speed and affordable WiFi connectivity across the district. Mr. Thabo Malebadi, Group CEO of e-Mbizo said, "After a lengthy and in-depth research of numero...

22Jul

By AfricaBusiness.comNo Comments

African News, Algeria News, Egypt News, Ethiopia News, Mauritius News, Nigeria News, South Africa News, Zambia News

Africa to gear up for more meaningful engagement with China

The partnership with China should aim to boost Africa's overall capacity, competitiveness and trade in a way that supports African development. African nations must use the Forum on China-Africa Cooperation to complement the continent's regional institutions and policy agenda. This is according to a report by Standard Bank Group economists Jeremy Stevens and Simon Freemantle ahead of the fifth Forum on China-Africa Cooperation (FOCAC) in Beijing, China, that starts on 19 July 2012. Jeremy Stevens, Standard Bank Group's Beijing-based economist, says that the summit comes at a time when China is distracted by domestic economic challenges and political matters. Meanwhile Africa is now even more reliant on China, in particular Chinese demand for African commodity exports, but even ...

22Jul

By The African Press OrganizationNo Comments

African News

IN CHINA, AFRICA, UNITED NATIONS WILL CONNECT THOSE WHO FACE CHALLENGES WITH THOSE WHO HAVE SOLUTIONS, SECRETARY-GENERAL SAYS AT BEIJING FORUM

NEW YORK, July 20, 2012/African Press Organization (APO)/ — Following are UN Secretary-General Ban Ki-moon’s remarks to the Fifth Ministerial Conference of the Forum on China-Africa Cooperation, in Beijing, 19 July: It is a great honour for me to participate on behalf of the United Nations at this important Forum on China-Africa cooperation. I thank the Government of China and the people for their kind invitation and warm hospitality. I commend the leadership of President Hu Jintao in organizing this forum at this very important time in Beijing. I also thank the Government of Egypt for their contribution and leadership and for co-chairing this Forum during the last several years. As the largest developing country, and as the region with the largest number of developing countrie...

22Jul

By The African Press OrganizationNo Comments

African News

Consumer Lifestyles Market in Estonia, Nigeria, Spain, Saudi Arabia & Hong Kong, China Reviewed in New Research Reports

DALLAS, July, 2012 /PRNewswire/ – ReportsnReports.com adds new market research reports on Consumer Lifestyles in Hong Kong, Saudi Arabia, Spain, Nigeria and Estonia to its store. These Consumer Lifestyle Reports provide current and detailed snapshots of the unique behaviours, attitudes and spending patterns of consumers in concerned countries. Explore the reports @: 1. Consumer Lifestyles in Estonia 2. Consumer Lifestyles in Nigeria 3. Consumer Lifestyles in Spain 4. Consumer Lifestyles in Saudi Arabia 5. Consumer Lifestyles in Hong Kong, China Find other Country Specific Reports on the Consumer Lifestyle Market @ http://www.reportsnreports.com/tags/consumer-lifestyles-market-research.html. In addition to covering important core topics like h...

10Jul

By AfricaBusiness.comNo Comments

African News

Frost & Sullivan: Heavy-Duty Truck Market on the Verge of Increasing Dedicated Global Production Platforms

Nearly one in three trucks manufactured by 2018 to feature platform based lineage MOUNTAIN VIEW, Calif., July 10, 2012 /PRNewswire/ -- After less than 10 years, since Western original equipment manufacturers (OEMs) started entering Brazil, Russia, India and China (BRIC) markets with serious intent, the very face and structure of the global heavy-duty truck market has changed. Markets considered an afterthought a few decades ago are now dictating the course of global commercial vehicle demand and the growth of the industry. Seismic changes shaping the global commercial vehicle industry have truly flattened the world, where OEMs from both triad (United States, European Union and Japan) and non-triad markets are aggressively competing for sustainable and robust growth. As they begin developin...