India’s Essar Group, which operates Indian ports handling 82 million tons per annum (mtpa) with expansion to 110 mtpa in the near future, will be investing $440 million in creating a New Coal Terminal at Beira Mozambique, Captain Tej Nargundkar,
Vedanta to hunt for oil off South Africa’s west coast
Vedanta Resources would search for oil off SA’s west coast as it confirmed its interest in the country’s mineral wealth, said chairman Anil Agarwal, who, as Anglo American’s largest shareholder, is urging the London-based company to remain true to its
Indian Budget 2018 – Highlights
Here are the key highlights from Arun Jaitley’s Budget speech: Introduction of GST has made indirect tax system simpler Demonetisation kept a check on liquidity in the economy, promoted digital transactions India is currently a USD 2.5 trillion economy and
South Africa will host the 10th BRICS summit in July
South Africa, which took over the rotational chairship of the emerging economies grouping Brazil, Russia, India, China and South Africa (BRICS), is set to host the 10th summit in July. The summit, which is scheduled from 25 – 27 July
Coal prices are set to decline in the next two years
The coal price rally is expected to be derailed over the next two years amid expectations that China and India, the world’s two biggest consumers of the energy source, were likely to address domestic issues that have facilitated the strength
India donates 500 tonnes of rice to Lesotho
India today donated 500 metric tonnes of rice to the Kingdom of Lesotho, in Southern Africa, which is facing acute food shortage due to famine. High Commissioner of India to South Africa and Lesotho, Ruchira Kamboj handed over the donation
Durban entrepreneur sets off for global summit in India
Business woman and entrepreneur, Melissa Constance, is not only living her dream, but she has been given the opportunity to increase her knowledge by jetting off to India next week to a Global Entrepreneurship Summit. Melissa said she always wanted
Surat traders to get diamonds directly from South Africa
Surat Diamond Association (SEA) has signed a Memorandum of Understanding (MoU) with South African government in Johannesburg to start a direct trade of rough diamonds from the country. As per the MoU, rough diamonds from the mines of South Africa
Uflex engineers a retortable spouted stand-up pouch for cold beverages
Some three months ago Jo’s- a leading snacks brand in North India that also happens to be an existing client of Uflex approached the company for developing flexible packaging solution for its new range of cold beverages. The brief from
The 4th World Tamil Economic Conference to kick off in Durban
The 4th World Tamil Economic Conference will commence this week at the Durban ICC. The conference brings together the Tamil community from Tamil Nadu in India and Tamilians under one platform to discuss business and investment opportunities. Chairman of the