Agnieszka's Feed
Apr 30, 2012

S.Africa ups oil from Iran despite US pressure

JOHANNESBURG, April 30 (Reuters) – South African crude oil
imports from Iran rose to 3.37 billion rand ($434.8 million) in
March from 2.8 billion the previous month, customs data showed
on Monday, indicating Pretoria had not bowed to U.S. pressure to
curb commercial links with Tehran.

The Revenue Service said Africa’s biggest economy imported
505,908 tonnes of Iranian crude in March, up from 417,188 tonnes
the previous month.

Apr 23, 2012

Mozambique to buy gas from South Africa’s Sasol

MAPUTO, April 23 (Reuters) – Mozambique will buy 6 million
gigajoules of gas from South African petrochemicals group Sasol
to bring cleaner energy to the country, the head of
state-owned Empresa Nacional de Hidrocarbonetos (ENH) said on
Monday.

Nelson Ocuane said ENH will need to build a 30-kilometre
(19-mile) pipeline from Matola, where Sasol’s current pipeline
passes on the way to South Africa, to the capital Maputo and
further north to the Maracuene district.

Mar 27, 2012

S.Africa halts Iranian oil purchases in Jan

JOHANNESBURG, March 27 (Reuters) – South Africa imported no
oil from Iran in January, according to government trade and
customs data, suggesting Africa’s biggest economy has heeded a
call from the United States to halt oil shipments from Tehran as
part of Western sanctions.

Trade figures showed marked increases in January imports
from Qatar, Bahrain, Saudi Arabia and Kuwait, indicating they
have replaced Iran, usually South Africa’s biggest supplier of
crude accounting for a quarter of its oil imports.

Mar 12, 2012

Sasol says time right for next gas acquisition

JOHANNESBURG, March 12 (Reuters) – South African
petrochemicals group Sasol Ltd sees opportunities to
buy cheap natural gas assets in North America that would help
boost its output of chemicals and synthetic fuels, a senior
official said on Monday.

Sasol, the world’s top maker of motor fuel from coal, is
investing heavily in growth, especially by expanding its shale
gas portfolio, with capital expenditure seen at 29 billion rand
($3.9 billion) this financial year rising to 32 billion in
2012/13.

Mar 9, 2012

S.Africa cuts 2012/13 power rate hike to 16 pct

JOHANNESBURG, March 9 (Reuters) – South Africa’s
energy regulator said on Friday it had cut the increase in
electricity rates for power utility Eskom to 16 percent for the
2012/13 financial year from a previously approved hike of 25.9
percent.

The decision follows Eskom’s application to reduce the hike
after the utility had been asked by the government to ease up on
private and industrial consumers, who have been hit in recent
years with soaring power costs.

Mar 8, 2012

S.Africa goes big on nuclear a year on from Fukushima

JOHANNESBURG, March 8 (Reuters) – South Africa will
come to the rescue of a nuclear industry, still struggling for
customers a year after Japan’s Fukushima disaster, with a tender
for one of the world’s biggest atomic power deals.

Firms from France, the United States, Japan, South Korea,
China and Russia have been lining up for years for a chance to
win the contract worth between 400 billion rand ($52.3 billion)
and a trillion rand($130.8 billion).

Feb 23, 2012

Exxaro-Coal terminal expansion to 100 mln T likely

JOHANNESBURG, Feb 23 (Reuters) – Major South African
coal producers that own shares in the Richards Bay Coal Terminal
(RBCT) may invest to expand the terminal to handle up to 100
million tonnes of coal a year, the head of Exxaro’s
coal unit said on Thursday.

Mxolisi Mgojo said coal miners had been surprised by the
improved rate at which logistics group Transnet transported
their coal via rail to the port in the second half of last year.

Feb 23, 2012

Exxaro-Coal terminal expansion to 100 mln T likely

JOHANNESBURG, Feb 23 (Reuters) – Major South African
coal producers that own shares in the Richards Bay Coal Terminal
(RBCT) may invest to expand the terminal to handle up to 100
million tonnes of coal a year, the head of Exxaro’s
coal unit said on Thursday.

Mxolisi Mgojo said coal miners had been surprised by the
improved rate at which logistics group Transnet transported
their coal via rail to the port in the second half of last year.

Feb 20, 2012

Transnet to borrow $12.9 bln to pay for new capex

JOHANNESBURG, Feb 20 (Reuters) – South African
logistics group Transnet will borrow 100 billion rand
($12.93 billion) over the next seven years to pay for a 300
billion rand infrastructure programme, its chief executive said
on Monday.

The spending plan was heavily promoted in President Jacob
Zuma’s “State of the Nation” policy address this month, with
government officials saying it will help create jobs and
increase the country’s competitiveness.

Feb 16, 2012

Mondi seen sweetening $374 mln bid for Polish unit

JOHANNESBURG/WARSAW, Feb 16 (Reuters) – Shares in
Polish paper maker Mondi Swiecie climbed above an
offer price from its South African parent on Thursday, as
investors bet Mondi Ltd would have to sweeten its $374
million buy-out bid.

The South African paper maker owns two-thirds of Mondi
Swiecie, whose products are used to make items including paper
bags, and offered 69 zlotys ($21.5) per share for the remaining
34 percent of the Polish company.