Africa

South Africa's Exxaro Resources has confirmed its bid of up to A$338 million for Australia’s African Iron.

Buying African Iron would give Exxaro ownership of the Mayoko and Ngoubou-Ngoubou projects, located in the Republic of Congo in central West Africa.

Nyanza Bottling Company Limited (NBCL), a joint venture between Sumaria Corporation and the CMG Group of Companies, is one of East Africa’s most dynamic companies. Christopher M Gachuma talks to Jayne Alverca about his passion for excellence.

Afric Oil, South Africa’s first BEE oil company, is embarking on a strategy to achieve security of supply and growth in the marketplace, as finance director Mangadi Dikotla explains to Gay Sutton.

BHP Billiton Energy Coal South Africa (BECSA) has entered into an empowerment transaction with a black-owned consortium led by Pembani Group, it announced today.

The consortium will effectively hold an eight per cent equity interest in BECSA, and also includes a Broad-Based Empowerment grouping. BECSA shareholders have also approved the implementation of an Employee Share Ownership Plan in which participating employees will hold a beneficial interest of two per cent equity in BECSA.

Afferro Mining has agreed to sell its 38.5 per cent interest in its Putu iron ore project in Liberia to Russia’s second biggest steelmaker.

Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, already owns the remaining 61.5 per cent of Putu through its subsidiary, Lybica Holdings.

Afferro will receive a cash payment of $65 million on completion of the deal. It said it would use the funds from the sale to accelerate its development strategy for its 100 per cent owned Nkout iron ore project in Cameroon.

Namibia Breweries Ltd (NBL) offers more than a winning portfolio of some of the region’s best-selling beers. Contracts manager Gideon Shilongo explains it is also setting the standard with a range of ground-breaking environmental initiatives.

There’s a mining boom in Namibia that is placing extra demands on electricity supply—necessitating a complete restructuring of the industry, as Alan Swaby learns.

Let a private company sell below cost for any length of time and it will inevitably end up staring down the barrel of disaster. But when the seller is a public body, it’s much easier to fudge the true situation and avoid a similar fate.

As Alan Swaby learns, there’s precious little allowance for Africa’s regional differences or difficulties when it comes to the performance expectations of multi-national customers.

Carl Zeiss Vision South Africa has been making use of strategic partnerships in order to improve visibility across the supply chain and underline its commitment to excellent customer service.

Investec has agreed with the European Investment Bank (EIB) to establish a €100 million renewable energy funding facility to promote clean energy generation and energy efficiency initiatives in South Africa.

Investec and the EIB are to be equal partners in the programme, with each contributing €50 million.