Browsing: South Africa

• Platinum mining is where Loucas Pouroulis, the chairman of mining outfit Tharisa PLC made and then lost money and then made it again in South Africa. He is looking to make another fortune digging for platinum on the Great Dyke in Zimbabwe
• A look at the rise, fall and rise again of storied platinum mining entrepreneur Loucas Pouroulis.
• Tharisa PLC and Karo Mining Holdings, both Loucas Pourolis backed vehicles are the latest companies to venture into Zimbabwe’s rich Great Dyke platinum field
• Platinum mining is where Loucas Pouroulis and his family have made their wealth however the same mining sector nearly ruined his career 35 years ago
• Tharisa PLC through Karo Mining Holdings is developing a 150,000 platinum ounces a year project in Zimbabwe on the Great Dyke

• Tharisa PLC will be the latest foreign platinum mining firm to enter and invest in the Great Dyke in Zimbabwe.
• The Great Dyke has the second-largest platinum reserves in the world after South Africa.
• Tharisa has entered the Zimbabwean platinum mining sector through Karo Mining Holdings which owns the Karo Platinum Project.
• Tharisa will get into an 85%-15% joint venture with the government of Zimbabwe.
• The Karo Platinum project is expected to come on stream in 2 years and produce at least 150,000 ounces of the precious metal a year.

https://theexchange.africa/investing/investment-in-africa-2022/

Tharisa PLC which is listed on the JSE took control of Karo Mining Holdings when it increased its interest in March from 28% to 85%. The company is building a mine which it has named the Karo Platinum Project and is envisaged to take at least 20 years to complete. The first phase of the mine’s development is expected …

• Zimbabwe’s platinum resources are out of reach for most of the investing public.
• Platinum is one the largest generators of the foreign exchange for the southern African country.
• Zimbabwe has generated the most income in foreign exchange since 2013 due in large part to high platinum prices.
• There is currently no mechanism for investing in platinum for retail investors in Zimbabwe.
• The Great Dyke in Zimbabwe is the second largest platinum resource in the world.

Zimbabwe’s platinum is not for Zimbabwean people. This may at first come across as an outrageous and even preposterous statement however, there is plenty of truth in it. This precious metal has been central to the country achieving a trade surplus as reported in the country’s Monetary Policy Statement in February 2022. The southern African country received US$ 9 billion in foreign exchange receipts in 2021 which was a staggering 53.5% higher than the figure …

mRNA-1644 utilizes Moderna’s messenger RNA (mRNA) technology to deliver a specific class of B cells needed to develop broadly neutralizing antibodies (bnAbs) to fight HIV infection. Inducing bnAbs is considered the primary goal of an HIV vaccine, and this requires B-cell activation.

The primary trial endpoints are safety and immunogenicity. The IAVI-sponsored clinical trial, IAVI G003, will test the safety and efficacy of vaccination with the HIV immunogen eOD-GT8 60mer, delivered via Moderna’s mRNA platform. eOD-GT8 60mer was developed by IAVI and Scripps Research teams and was initially tested in phase 1 clinical trial IAVI G001.

According to Contagion Live, IAVI G003 is expected to enroll 18 healthy, HIV-negative adults. The participants will receive 2 doses of eOD-GT8 60mer mRNA, which contains a portion of the viral sequence but cannot cause HIV infection. They will be monitored for safety for 6 months after their second dose, and their immune responses …

• The Africa Green Hydrogen Alliance targets accelerating the transition from fossil fuels overreliance that has made the continent reluctant, as fossil fuels drive most economies in the continent
• Green hydrogen could provide Africans with new access to cleaner energy sources, employment opportunities, public health benefits due to cleaner air, GDP creation and export revenues outside Africa
• Six African nations have formally launched the Africa Green Hydrogen Alliance. The countries include South Africa, Kenya, Egypt, Morocco, Namibia and Mauritania

Six African nations have formally launched the Africa Green Hydrogen Alliance. The Alliance aims to make Africa a pioneer in adopting cleaner energy sources by producing green hydrogen.

The countries include South Africa, Kenya, Egypt, Morocco, Namibia and Mauritania.

The countries formally launched the Alliance at the first-ever Green Hydrogen Global Assembly in Barcelona, Spain, with the support of the UN Climate Change High-Level Champions, the Green Hydrogen Organisation (GH2), …

Stavros Nicolaou, a Senior Executive at Aspen Pharmacare Group said in the absence of orders or commitments, Aspen is considering the repurposing of two COVID-19 production lines for the manufacture of other products.

“The continent would lose its only existing COVID vaccine manufacturing capacity, It would be a massive setback for Africa’s plans to localize and reduce its dependency on imported vaccines,” he said.

John Nkengasong, director of the Africa Centres for Disease Control and Prevention, said global health security would be undermined if companies like Aspen were not backed.…

• Allianz reports that the overall group equity value is estimated to be more than US$2.1 billion, and the new business is likely to rank in the top three in the majority of the areas in which it operates.
• Initially, Sanlam will retain a 60 per cent stake in the joint venture, with Allianz holding a 40 per cent stake and the option to purchase an additional nine per cent at a later date
• Insurance penetration in Africa is considerably lower than the global average, standing at 2.78 per cent in 2019 compared to 7.23 per cent globally
• Only about 1 per cent of the population in Sub-Saharan Africa has insurance coverage

South African insurer Sanlam and German insurance giant Allianz have agreed to create a joint venture that will consolidate both their present and future activities across Africa.

The largest non-banking financial services institution in Africa

The partnership between the …

• The Mining Indaba Professional conference 2022 is set to take place from May 9th to May 12th in Cape Town, South Africa
• The Indaba Conference will take at the Cape Town International Convention Centre, where African countries will lure investment into the mining sector that has remained resilient during the pandemic
• US Department of State will travel to the Indaba Conference 2022 with a delegation to reset and mend relationships between African countries and the United States

The 2022 Mining Indaba Professional Conference

The Mining Indaba Professional conference 2022 is set to take place from May 9th to May 12th in Cape Town, South Africa. The Conference focuses on the mining and energy sectors in Africa, the steps that the countries have taken and the moves they are about to make.

This will be the first meeting in person since 2019 when COVID-19 measures halted cross-border travelling and mass congregation. …

• Initial predictions about Africa’s vulnerability to Covid-19 indicated that the continent would be overwhelmed by the effects of the pandemic
• Not only has Africa harnessed previously unrecognized power to help combat COVID-19, but it also provides indications that can be used to counter future pandemics.
•  Despite the significant economic disruptions caused by the Covid-19 outbreak, Africa’s economies are leading as a resilient continent with enormous promise.
• African start-ups raised US$1.8 billion in the first quarter of 2022, which is 2.5 times the capital raised in Q1 2021

Initial predictions about Africa’s vulnerability to Covid-19 indicated that the continent would be overwhelmed by the effects of the pandemic. Critics had argued that the continent’s medical and economic sectors would feel the heat both during and after the pandemic.

However, these worrying predictions concerning the continent and its vulnerability to the Covid-19 pandemic have largely gone unrealized. Globally, Africa accounted for a …

Bilateral relations between the two countries improved after the UAE showed its benevolence. This was by sending aid in response to the Cyclone Idai storm in March 2019. Planeloads of humanitarian assistance were sent to Zimbabwe, which went a long way in helping victims and mitigating the impact of the cyclone. UAE also assisted the Southern African country’s fight against Covid-19 with a consignment of required medical drugs.

Early March, the new dispensation approved the establishment of a commercial consulate in the commercial hub of Dubai. Economic and trade attachés will operate in the consulate. This is an effort to complement investment promotion being done by Zimbabwe’s embassy in the UAE.

In a cabinet briefing published by The Herald on March 17, 2022, Minister of Foreign Affairs and International Trade Ambassador Frederick Shava said the development created an environment conducive to doing business.…