Corporate Affairs

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    Sierra Leone axes plan to build Chinese-funded airport

    Sierra Leone’s government has terminated a $400-million scheme to build a new airport with Chinese labour and loans, according to a letter written last week by the country’s minister of transport and aviation, reviewed by Reuters. The plan – one of many Chinese infrastructure projects that have proliferated across Africa in the last two decades – had repeatedly been criticised by international financial institutions for the additional burden it would place on Sierra Leone’s external debt.

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    Tellumat optimistic aerial surveillance system will fill gap in market

    The Astus unmanned aerial surveillance (UAS) system is a tactical surveillance platform with a line-of-sight range of 200 km, an endurance of 8-hours, and is a medium-sized UAS weighing under 100 kg. This makes it suitable for addressing a gap in the m…

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    New bitumen binding application introduced

    Transport infrastructure specialists Bouygues Group’s South African subsidiary Colas has introduced Colbifibre – its latest bitumen binding process – for use on deteriorating roadways. Colbifibre is a new process aimed at road surfaces that have suffered significant wear and tear. It combines its Colmat L microsurfacing with in situ cut glass fibres and the material is suited to the requirements of not only road authorities and municipalities but also private clients such as those managing housing estates and shopping malls.

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    Opportunities abound for Italian entrepreneurs expanding into Africa

    The Italian-South African Chamber of Trade and Industries says Italian companies are becoming increasingly positive about the opportunities offered by South Africa, which is being acknowledged as a hub from which to expand and invest into surrounding African countries, says Italian-South African Chamber of Trade and Industries Secretary General Mariagrazia Biancospino. “There are several opportunities in developing infrastructure in South Africa and especially in the Southern African Development Community region, with Italian companies specifically interested in how commodities can circulate inland,” she explains.

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    Local constraints preventing SA civil aerospace firms from spreading wings

    In his speech, officially opening the recent Africa Aerospace and Defence (AAD) 2018 exhibition held at Air Force Base Waterkloof in Pretoria (City of Tshwane), President Cyril Ramaphosa made an all-too-brief reference to South Africa’s civil aerospace industry. “Some of our aircraft-related businesses are expanding in a highly competitive environment as suppliers to the biggest players in the global aircraft industry,” he said.

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    ACSA reports fall in earnings in line with lower aeronautical charges

    The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported recently that, despite declines in its revenues, profits, and earnings before interest, tax, depreciation and amortisation (Ebitda), it was still financially sound. “Financially, we are very sound,” assured ACSA Acting Chief Financial Officer Dirk Kunz. It reported revenues for the 2017/2018 financial year (which ended on March 31) of R6.9-billion, profits of R0.8-billion and Ebitda of R3-billion. The respective figures for the 2016/2017 financial year were R8.6-billion, R2-billion and R5.1-billion. These falls were largely due to a cut of 35.5% in the aeronautical charges ACSA was allowed to levy.

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    Tellumat optimistic aerial surveillance system will fill gap in market

    The Astus unmanned aerial surveillance (UAS) system is a tactical surveillance platform with a line-of-sight range of 200 km, an endurance of 8-hours, and is a medium-sized UAS weighing under 100 kg. This makes it suitable for addressing a gap in the m…

  • 0

    New bitumen binding application introduced

    Transport infrastructure specialists Bouygues Group’s South African subsidiary Colas has introduced Colbifibre – its latest bitumen binding process – for use on deteriorating roadways. Colbifibre is a new process aimed at road surfaces that have suffered significant wear and tear. It combines its Colmat L microsurfacing with in situ cut glass fibres and the material is suited to the requirements of not only road authorities and municipalities but also private clients such as those managing housing estates and shopping malls.

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    Opportunities abound for Italian entrepreneurs expanding into Africa

    The Italian-South African Chamber of Trade and Industries says Italian companies are becoming increasingly positive about the opportunities offered by South Africa, which is being acknowledged as a hub from which to expand and invest into surrounding African countries, says Italian-South African Chamber of Trade and Industries Secretary General Mariagrazia Biancospino. “There are several opportunities in developing infrastructure in South Africa and especially in the Southern African Development Community region, with Italian companies specifically interested in how commodities can circulate inland,” she explains.

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    Local constraints preventing SA civil aerospace firms from spreading wings

    In his speech, officially opening the recent Africa Aerospace and Defence (AAD) 2018 exhibition held at Air Force Base Waterkloof in Pretoria (City of Tshwane), President Cyril Ramaphosa made an all-too-brief reference to South Africa’s civil aerospace industry. “Some of our aircraft-related businesses are expanding in a highly competitive environment as suppliers to the biggest players in the global aircraft industry,” he said.

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