Sunday , August 25 2019

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Gold smuggling a drawback to Africa

A news agency recently carried out an investigation on the billions of money being lost from Africa resulting from gold smuggling. According to the report by news agency Reuters, billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates (UAE) in …

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Uranium production predicted to rise

Uranium production in the country is forecast to rise by 50 percent, year-on-year this year, double the rate of expansion from last year’s 20 percent, a research firm has said. Fitch Solutions Macro Research’s recent Africa Monitor report for Southern Africa said depressed uranium prices due to overcapacity led to …

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Cummins opens power hub in SA

Cummins has unveiled a state-of-the-art facility known as ‘The Power Hub’ in South Africa’s Waterfall, Midrand. The development is bearing testament to the confidence the global power leader has in southern Africa and the continent; as it celebrates 100 years in business. The Power Hub strategically consolidates and solidifies various business …

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