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Archive for August 1st, 2018
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August 1, 2018

R1.6M TO KICKSTART QUARTZ MINING IN SA

The Lancaster Foundation, a nonprofit company created by Lancaster Group, said on Friday it would provide a R1.6 million grant to Difeme, the investment company established by trade union Fedusa, to help kickstart a quartz mining and beneficiation hub in the Northern Cape.

 

It said Difeme had partnered with state-owned mineral and mining research centre Mintek to develop the appropriate technologies to process the quartz to the valuable purity standard of greater than 99.99% purity.

“By supporting Difeme’s bankable feasibility study, the Lancaster Foundation is contributing to a venture that could bring significant economic development benefits to South [...]

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August 1, 2018

INVEST IN SA DEPUTY MINISTER URGES

South Africa’s Deputy Trade and Industry Minister (DTI) Bulelani Magwanishe has invited Indian pharmaceutical companies to invest in the South Africa in order to contribute to the growth of the country’s economy, the ministry said on Monday.

“We have launched a major investment recruitment drive of $100 billion (over a trillion Rand) in the next five years. Our visit to India prioritises investment in the pharmaceuticals, medical devices and consumables. These are the main sectors that we have identified for growth,” Magwanishe said addressing potential investors at a pharmaceutical sector engagement session.

“These provide unlimited opportunities for the Indian [...]

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August 1, 2018

BERMUDA,MALTA & GIBRALTA WANT YOUR CRYPTO CURRENCY COMPANY

In small countries and territories including Bermuda, Malta, Gibraltar and Liechtenstein, officials have recently passed laws, or have legislation in the works, to make themselves more welcoming to cryptocurrency companies and projects. In Malta, the government passed three laws on July 4 so companies can easily issue new cryptocurrencies and trade existing ones. In Bermuda this year, the legislature passed a law that lets start-ups doing initial coin offerings apply to the minister of finance for speedy approval.

“We are 65,000 people, and 20 square miles, but we have a very advanced economy,” the premier of Bermuda, E. David Burt, said in an interview at a cryptocurrency [...]

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