Friday, March 26, 2010

Shelley Point Hotel on the Cape West Coast appoints new GM

Three Cities Group has announced the appointment of Desmond O’Connor as new GM of Shelley Point Hotel, Country Club and Spa on the Cape West Coast.

The hotel is one of the properties recently acquired by Three Cities and, with 20 years experience as an hotelier, Desmond brings significant experience & panache to Shelley Point, set on a private peninsula 90 minutes from Cape Town.

Along with nearby white beaches and clear azure water, a links style golf course and luxury spa, Shelley Point Hotel, Country Club & Spa a premier destination on the West Coast.

O’Connor served his three year management apprenticeship with the Karos Group followed by stints at the Indaba Hotel and Conference Centre and the Theatre on Track conference centre in Johannesburg after which he took on the demanding role of banqueting manager at Spier near Stellenbosch for two years.

His next position was that of assistant executive manager at Hôtel Le Vendôme, Sea Point, for two years followed by a move to the Table Bay Hotel, in the V & A Waterfront, where he was F & B manager and deputy GM for five years before accepting a position as the first GM at the Cape Royal Luxury Hotel and Residence (also a five-star establishment).

After a two year period here he opted for a more tranquil lifestyle in the country as GM at Shelley Point Hotel, Spa and Country Club.

“Shelley Point is a particularly exciting challenge because it is, as yet, “undiscovered” and little known to the majority of Capetonians, upcountry travellers and international tourists. Nevertheless, it has the facilities and service standards to satisfy the most demanding of clients.

“We are already the premier Cape West Coast hospitality destination and my job will be to see that a far wider market becomes aware of this. It’s an exciting challenge in a spectacular environment.”

Desmond O'connor

With 44 elegantly decorated en-suite rooms, the traveller may choose from a Studio Suite, Mezzanine suite with loft bedroom and Garden Suite – all emphasizing privacy, space and comfort.

Along with a sun-splashed swimming pool and adjacent club lounge, the hotel also boasts a large, luxurious wellness spa, boutique, hair salon, pro golf shop, a hi-tech gym, tennis courts and fully fledged Kids Club (allowing the guest to take time out on the golf course or in the spa).

The exclusive 4 star Shelley Point Hotel, Country Club & Spa was also designed to host private conferences from 25 to 80 delegates, with its own lounge, meeting rooms, private garden & bar and state of the art presentation facilities.

A second phase is currently underway at Shelley Point Hotel, Country Club & Spa with the construction of a new accommodation block which Desmond says will be “elegant in a Ralph Lauren-style of décor” and opens mid-May.

source http://www.travelwires.com

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Wednesday, March 24, 2010

West Coast Langebaan Lagoon Festival Paddle Challenge

SUP Race in Langebaan this weekend. We have some spare boards to rent and will be holding demos after the race. Come join in this fun race! Only 6kms and weather is looking perfect for SUPs on Saturday. If you want to reserve a board, contact
peter@sup-sulture.co.za

See you in Langebaan this weekend!

West Coast Lagoon Festival Paddle Challenge
1. WHERE : Registration & Start - Main Beach, Langebaan (in front of Pearlys Restuarant)
2. DATE : SATURDAY 27 MARCH 2010
3. TIME : Reg: 08h00 - 10h00 @ Pearlys
Start: Guppies:- 09h00
Short Course:- 10h00 (SUP Paddlers also welcome!)
Long Course:- Briefing at 10h30, race won't start before 11h00
4. COURSES : Guppies will be decided on the day according to conditions (+/- 2km’s)
Short Course:- 6km's in the protected waters of the Lagoon, start and finish at Main Beach (in front of Pearlys)
Long Course:- +/- 12km's, course will be decided on the day, possible Downwind with finishes either at Mykonos or Saldanha
PFD's/LIFEJACKETS TO BE WORN BY ALL COMPETITORS! SUP's need to wear shortie wetsuit or full suit.
LEASHES, CELL PHONES AND FLARES REQUIRED BY LONG COURSE PADDLERS IF DOWNWIND IS DONE!

5. ENTRY FEE : R50, Guppies R20 (NB: Those guppies not enrolled in the Langebaan Guppie Program must provide their own equipment and be proficient paddlers, those that are part of the Guppie Program must book a boat, paddle and lifejacket with Rob on a first come, first serve basis)
6. PRIZES : There will be R4 000 CASH in prize money, medals for category winners and other lucky draws!

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Sunday, March 21, 2010

Langebaan Lagoon festival

WhereLangebaan
When2010/03/26 08:00 am to 2010/03/28 05:00 pm

Get to the West Coast for one of the wildest music festivals in the Cape. Friday’s awesome line-up of performers includes David Fourie, Wicus vd Merwe, Chereè, Wynand Strydom, Die Broers, Lianie May, Snotkop & Band, Watershed and Ray Dylan.

On Saturday Dewald Dippenaar, Anton Botha, Piet Plagiaat, DJ Ossewa, Arno Jordaan, Eden, Jakkie Louw, DR Victor & Rasta Rebels, Juanita, Kurt Darren and Bok van Blerk will be jamming into the early hours. On Sunday Dixie Hillbilly Trio, Freddie Nest, Sasha-lee Davids, Kalahari Orkes, Andries Botha & Nedine Blom, Emo Adams & Band, Bobby van Jaarsveld and Romanz take the stage.

How fast are you? Try your skills at the West Coast Lagoon Festival Kite Surfing Challenge, the Hobie Cat Speed Challenge or Kayak race. Apart from theses races and the array of popular musical acts, there will also be many other fun things on the go as well as lots of kids activities to look forward to.

Need to know? Venue: Club Mykonos Die Fees word aangebied vanaf 26 tot 28 Maart 2010 in Langebaan en benewens gewilde Musieksterre, word ook baie ander tydverdrywe en pret in die vooruitsig gestel!


Contact Person
Contact Details022 772 0654 sunshinepro@mweb.co.za
Event websitewww.weskuslagoonfees.co.za










Source www.safarinow.com


ArcelorMittal in Saldanha Bay could face price increase for iron ore

Details of an "interim pricing arrangement" between iron-ore belligerents ArcelorMittal South Africa (AMSA) and Kumba Iron Ore (KIO) are expected to be concluded in the near term, with detailed discussions on the finer details reaching maturity. Further, an update on the progress regarding the channel through which the two companies would seek to resolve their dispute could also be communicated within days or weeks.

But neither company was willing to elaborate further on Friday on the surprise move by the Department of Mineral Resources (DMR) to grant a prospecting licence in relation to AMSA's "lapsed" 21,4% undivided share of the Sishen mine, which is operated by Sishen Iron Ore Company (SIOC), which is 74% held by KIO.

KIO has indicated that that it is pursuing its objection to the granting of the right to the little-known Imperial Crown Trading 289 on the basis of the appeal process prescribed in the Mineral And Petroleum Resources Development Act (MRPDA).

It is particularly perplexed by the granting of a prospecting right on a property that has housed an operating mine since 1954, and on the basis of a right that was effectively for an undivided share of the mine.

Both Imperial Crown and SIOC apparently applied for the rights on May 4, 2009, after AMSA failed to convert its rights by the April 30, 2009, deadline, outlined in the Act. But it emerged on Thursday that, despite its application for prospecting and not mining rights, the Imperial Crown application had been favoured by the DMR.

It has since emerged that the company has material links to the African National Congress, South Africa's current governing party.

But the a DMR spokesperson told Engineering News Online that the application for, and the issuance of, the prospecting right were done strictly in accordance with the law, and that a statement explaining the decision would probably be issued early next week.

AMSA, meanwhile, would not comment further on the matter, saying only that it was considering all its legal options, having insisted previously that its rights and an associated supply agreement remained intact.

The supply agreement, which was concluded as part of the 2001 unbundling of the then Iscor, was meant to be a 25-year, but "evergreen" deal guaranteeing AMSA access to 6,25-million tons a year of Sishen ore on a cost plus 3% pricing formula.

However, SIOC notified AMSA on February 5, 2010, that the contract was no longer valid, owing to the steel group's failure to convert its Sishen rights in line with the prescripts of the MRPDA.

PRICE NOT, SUPPLY THE, ISSUE

Material continues to flow from the mine to AMSA's South African mills, with discussion continuing on what price would be charged as from March 1, 2010, onwards - the date on which SIOC "cancelled" the discounted price agreement.

KIO told Engineering News Online that it had not yet invoiced AMSA for March deliveries.

It is widely understood that SIOC is proposing that the interim supply be priced on "commercial terms", with a possible clawback agreement should AMSA prevail during any dispute-resolution process.

In other words, AMSA will be asked to begin paying the yet-to-be-agreed price, which would be materially more than current estimates of between $26/t and $35/t. But SIOC might only redeem what was owing to it in relation to the cost plus 3% arrangement, with the balance going into a separate account.

SIOC would be entitled to the difference should its argument be accepted during arbitration. However, it is not yet certain that the matter will in fact go to arbitration, with both companies still weighing the legal options.

In other words, both parties are treating the award of the prospecting rights to Imperial Crown as separate to their commercial dispute, which resulted in a halt in the trading of AMSA stock, between the afternoon of February 26, 2010, and the afternoon of March 3, 2010, when it was first disclosed.

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Source www.engineeringnews.co.za

Friday, March 19, 2010

Saldanha Bay Liquefied Natural Gas Regasification pipe

Liquefied Natural Gas Regasification and Transmission Facilities, Port of Ngqura, Eastern Cape
The project entails the construction of a liquefied natural gas regasification facility and the three-phase construction of a 
1 926-km pipeline facility for gas transmission from Coega, passing through the Coega industrial development zone. The client is Unigas Import & Export.

Phase 1 of the gas transmission facility involves construction of a 635-km pipeline, with a route that will reach Mossel Bay, George, Knysna, Port Elizabeth, Grahamstown, Peddie and East London.

Phase 2 includes the construction of a 511-km pipeline route reaching Mossel Bay, Riversdale, Swellendam, Caledon, Cape Town, Kraaifontein, Bloubergstrand, Atlantis, Swart-land and Saldanha Bay.

Finally, the third phase consists of a 780-km pipeline construction that will extend to East London, Butterworth, Idutywa, Mthatha, Qumbu, Mount Frere, Mount Ayliff, Kokstad, Harding, Port Shepstone, Margate, Scott-burgh, Amanzimtoti, Durban, Pietermaritzburg, KwaMashu, Tongaat, Stanger and Richards Bay.

Phase 1 is expected to be completed in 2013, with phase 2 and phase 3 expected to be completed in 2015 and 2018 respectively.

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Source www.engineeringnews.co.za

Monday, March 15, 2010

ArcelorMittal in Saldanha Bay could be facing iron ore supply problems.

Kumba Iron Ore appears to have dealt steel giant ArcelorMittal South Africa another body blow in the ongoing battle between the two companies.

The Mail & Guardian understands that Kumba has applied for a 21% share in the mining rights to the Sishen mine, which lie at the heart of the corporate bun fight.

The matter is being closely watched as it ultimately goes to the heart of steel pricing in the country and could affect manufacturing and jobs.

Neither company would comment, but they are understood to have entered arbitration to resolve the dispute. To add to ArcelorMittal’s woes an industry insider speculates that the government’s dissatisfaction with its steel pricing, as well as its lack of empowerment status, has left it with little sympathy in the corridors of power.

If Kumba is granted ownership of the minority portion of the rights, which ArcelorMittal held and failed to convert into new order mining rights, this could give Kumba the leverage it needs to force a better price for the 6.25-million tons of iron ore that it supplies to Arcelor-Mittal each year, according to analysts.

The rights have since reverted to the state. “The holder of the right was meant to apply for conversion before April 2009 and they [ArcelorMittal] failed to do so,” said Jeremy Michaels, a spokesperson for the department.

How Kumba’s application will be received is unclear. The department viewed the issue as a dispute between “two private companies”, said Michaels. DMR would not comment on any applications for the rights.

Under a contract negotiated through the unbundling of the state-owned Iscor in 2001 -- which resulted in the creation of what became Kumba Iron Ore, its ironore mining arm, and ArcelorMittal South Africa -- ArcelorMittal, because of its share of the mining rights in Sishen, would receive 6.25-million tonnes of ore from the Sishen mine at cost plus 3%.

The mining rights, viewed as undivided, are 79% owned by Kumba through its subsidiary the Sishen Iron Ore company, with the minority share or 21% lying with ArcelorMittal. ArcelorMittal paid R2.5-billion at the time for the rights to Sishen and the 6.25-million tonnes of ore a year at cost plus 3%

On February 26 ArcelorMittal suspended trading of its shares after Sishen notified the company on February 5 that it would no longer be supplying ArcelorMittal with ore at the preferential price, but rather at market-related prices.

It is understood that Kumba viewed ArcelorMittal’s failure to convert its share of the mining rights as an opportunity to amend the deal unilaterally. A prior arbitration ruling on a related matter is believed to have given it the impetus to do so.

In the development of the Sishen South project -- an extension of the Sishen mine -- ArcelorMittal had assumed a matching arrangement (cost plus 3%) on the output of Sishen South. Kumba disputed this.

The matter went to arbitration and late last year it was ruled that, because ArcelorMittal did not own the mining rights in this matter, it was not entitled to a similar deal.

But ArcelorMittal is understood to take a different view, which is that, on the division of the Sishen mining rights, Kumba, owning the majority share, would deal with the regulatory issues, including mining-rights applications and conversions. Mittal re-opened trading of its shares last week, with a reported 23% drop in the price.

The very sweet price granted to ArcelorMittal has been a sore point for the South African government.

On Iscor’s unbundling, facilitated by the department of trade and industry, under Alec Erwin, the price granted was, in part, aimed at locking in lower costs for the local steel industry and ensuring its competitiveness. But ArcelorMittal has been accused of not passing on the benefits of these prices to local customers.

Instead, it opted to benchmark its price against a basket of countries, which critics argue is closer to import prices and ensures Arcelor- Mittal retains extensive profits. Its pricing saw the company being dragged to the Competition Tribunal and slapped with just under R700-million in fines. But it challenged the ruling and subsequently settled with the complainants.

ArcelorMittal has long denied the accusations, citing rebates to customers that allow them to export competitively as one example of the support it provides to customers.

According to Matt Brenzel, portfolio manager at Cadiz Securities, a victory for Kumba might not affect local steel prices. Instead, a better price for Kumba would ideally affect only ArcelorMittal’s profit margins.

Brenzel estimated that ArcelorMittal was receiving ore from Sishen at roughly R125/tonne. Compared with an export parity price of around R475/tonne ArcelorMittal stood to earn more than R2-billion a year from the deal.

He noted that if Kumba did get ArcelorMittal’s share of the rights, the company would achieve little besides room to negotiate for a better price.

In terms of off-take, ArcelorMittal was the only real customer that Kumba had for the ore, given the constraints on the rail line to transport ore to Saldanha Bay for export, he said. Aside from pricing issues Arcelor-Mittal’s failure to strike an empowerment deal is also seen as an irritation to some sectors of government.

ArcelorMittal is one of the largest suppliers of steel to a number of companies, including mining houses. Under the mining charter, companies are expected to procure goods from BEE-compliant suppliers.

One industry insider argued that, with ArcelorMittal being one of the largest suppliers of such a key input, it has meant the transformation performance of miners is looking increasingly bad.

ArcelorMittal had apparently planned to undertake a BEE deal but this was put on hold because of the financial crisis and the recession that followed.


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Source http://www.mg.co.za

Friday, March 12, 2010

Superloads At Saldanha Port

CONCARGO was commissioned by World Groupage Services (a sea freight and forwarding company) to handle the transportation of a bucket wheel reclaimer and two ore stackers from Saldanha Port to a mine in Postmasburg. The total distance is approximately 850 km.

The total shipment weighed in at 840 tons and measured 6 200 cubic meters. Sixty-three trucks were loaded totransport the equipment of which 42 are abnormal out-of-gauge loads, four of which were superloads up to 9.54 meters wide. These had to be loaded onto a mix of 100 ton lowbeds, step decks and extendable trailers. The balance of the loads was made up of tri-axles and superlinks truck tractor articulated vehicles.

The shipment arrived in Saldanha Port on 6 November from the Far East on a special charter vessel. It was the biggest project shipment ever handled by the Port so far.

The abnormal load project was no small task as it was subject to the issuing of permits by the Department of Transport and Public Works. The loads needed to be staggered in such a way to keep the disruption of general traffic flows to a minimum. Provincial traffic escorts were required to ensure the safety of other road users. The most challenging part of the route was Piekenierskloof Pass. Route surveys and traffic accommodation plans had to be carried out prior to the transportation of the larger loads, and in the case of the superloads, periodical closure of the roads were necessary.

Source http://www.cbn.co.za

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West Coast could see 500 wind turbines

Cape Town - Wind-driven power projects, which could involve the erection of up to 500 wind turbines, are being envisaged in the Western and Northern Cape.

This has emerged from recently published notices.

Moyeng Energy (Pty) Ltd hopes to erect up to 18 wind turbines near Darling as part of its projected Rheboksfontein wind energy plant.

An area of about 39km² is under consideration, within which this plant and associated infrastructure will be built, if permission is given. It will include access roads, a substation and a 132kV power line that will connect to the transmission network.

Moyeng Energy is looking to construct the so-called Suurplaat wind-energy plant close to Sutherland. The applicant is considering an area of 286km² for this wind farm.

According to the relevant notice of the environmental impact review, this scheme involves up to 400 wind turbines, one or more 400kV power lines to connect to the transmission network, a substation and access roads.

Plans are also being devised to launch a commercial wind farm project at Britannia Bay on the West Coast. Terra Power Solutions Ltd, a Johannesburg company in the GEO Group, wants to erect up to 20 wind turbines about 2.3km south-east of the coastal town should it get approval from the relevant authorities.

Notice has been given regarding the review study process that needs to be done in this connection. The intended area for the wind farm is some 30km from Saldanha Bay.

All of the projects that government is seeking to supply about 10 000 gigawatt hours (GWh) of renewable energy by 2013 could be identified as early as the third quarter of 2010, Sake24.com recently reported.

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Wednesday, March 10, 2010

Langebaan lagoon. Save SharkBay from the developers

Shark Bay

Please help, its now or never...

A fresh attempt is being made at developing Shark Bay in Langebaan Lagoon.

You can help to prevent the destruction of this pristine natural beauty (and world class kitesurfing venue) by following these steps:

  1. Download the SaveSharkBay objection document (Our experts have prepared a prewritten response which address all the legal problems with the development)
  2. "Cut & Paste" the information into an email. (We encourage you to add your own comments as well, but if you don't have time there is no need)
  3. You then need to email it to: lindsay@dougjeff.co.za and CC savesharkbay@gmail.com

Midnight tonight 10th March is the last day of objections, so please email your objection today, as in NOW!

Together, we can stop this development.

Thanks for your support

The SaveSharkBay team




Monday, March 8, 2010

Saldanha Bay police boat gathering dust in Cape Town

A R35-million fleet of new police patrol boats has been confiscated by court officials after the company building them went bust.


FULL STOP: This half-finished skeleton of a police patrol boat is in a warehouse in Cape Town after being seized by the court
FULL STOP: This half-finished skeleton of a police patrol boat is in a warehouse in Cape Town after being seized by the court





Nearly three years after the tender was awarded to a Cape Town company, the four hi-tech boats are gathering dust in a warehouse without ever having put to sea.

Now police want to pull the plug on the fleet, which is still under construction and has so far cost taxpayers between R10-million and R20-million.

The vessels were to have had the latest navigational equipment, sleeping and ablution facilities for six permanent crew and eight additional people, and a cruising speed of 21 knots.

They were due to be deployed in Saldanha Bay, Cape Town, Port Elizabeth and Richards Bay, where some of the boats from the 90-strong police sea arm - dilapidated from years of neglect - are kept.

The Sea Border Unit is demanding its money back from Eraco Boat Builders, who successfully applied for liquidation last month in the High Court in Cape Town. Eraco claim to have been hard hit by price increases during the recession.

Eraco legal representative Julian Jones, from Cliffe Dekker Hofmeyr, said: "As a result of the increase in the project price, SAPS refused to inject further funds into the project or pay for work done. In fact, SAPS has demanded a refund of all monies paid to the corporation and has confirmed that it will not be furnishing additional funds."

One boat is 90% complete, a second 50% and a third and a fourth only 30%, Jones said.

Eraco owner Deon Erasmus said: "We would really like to get the boats finished for the police. I want to save these boats for South Africa."

Police said they were preparing a response. "It's a complicated matter," said national police spokesman Senior Superintendent Lindela Mashigo.

Source http://www.timeslive.co.za

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Friday, March 5, 2010

Industrial development zone in Saldanha Bay

The Western Cape Depart-ment of Economic Devel-opment and Tourism reports that manufacturing output in the Western Cape is 
expected to grow between 2% and 3% in 2010 as the global economy recovers.

Western Cape Finance, Eco-nomic Development and Tourism MEC Alan Winde says that the province’s diversified economy, particularly in strong sectors, such as financial intermediation, insurance, real estate and business services, has kept 
financial figures afloat during the global recession.

“These sectors contribute more than 30% to the provincial economy and are growing rapidly. As the global economy and stock markets recover and invest-
ments increase, more growth is expected. However, further growth will be constrained if the supply of skills is not increased,” he asserts.

The department recognises that increasing the skills levels in the province is important in 
increasing manufacturing output. To this end, it has identified sectors and industries that are well placed to absorb labour, which it will support through skills programmes, funding and cofunding to increase job opportunities and skills availability.

Wholesale and retail, as well as catering and accommodation, which contribute 16% to the provincial economy, are growing rapidly. The growth in tourism, as well as the growth in trade 
locally and globally, also contributes to growth in these sectors.

Manufacturing, contributing 17% to the provincial economy, has not experienced significant growth and its contribution to the provincial economy is declining. But, as the global economy picks up, this industry is expected 
to perform better. Within the industry, there are particularly good prospects in food and beverage sectors.

“The Western Cape has 
escaped the worst of the nationwide slump in the manufacturing of consumer goods, particularly 
because food, beverage and clothing manufacturing form a larger share of the provincial manufacturing sector than is the case nationally,” Winde explains.

Meanwhile, the department 
believes that the continued growth in exports is critical to the province’s economic future. Exports from the Western Cape to the global market increased from R48-billion, in 2007, to R60-billion, in 2008, representing a 24,7% growth. The department plans to increase these figures substantially over the next five
years. The most significant 
export products are vegetable and mineral products, as well as prepared foodstuffs, which make up 56% of the total exports. The largest market is Europe, which buys 46% of the province’s 
exports.

The department also expects the growth of exports to keep pace with the renewed growth of the global economy.

“The global market holds the key to future prospects. If we can increase our global participation, we will be able to scale up production by significantly increasing manufacturing output and employment. The department is optimistic about the province’s export prospects since most of the priority sectors, like oil and gas, business process outsourcing, including call centres and information and communication 
technology (ICT), have significant 
export potential,” says Winde.

While there is a wide range of growth opportunities in existing sectors, there are also economic growth opportunities in new areas.

“Oil and gas services are particularly promising. As these industries develop on the West Coast of Africa, and, with new discoveries of oil and gas, indications are that the market will grow rapidly,” Winde asserts.

Another area of future growth is business process outsourcing, particularly in call centres. This industry is expanding rapidly, and is expected to expand even more as global demand for outsourcing grows and domestic services, such as telecommunications linkages with the rest of the world, improve. The province is particularly positive about supporting development in this sector as it is labour intensive.

Winde points out that there are also many new ICT-based businesses in marketing, design and software development in Cape Town.

“Typically, these operations are developed by young and creative people, who are educated and are global in their outlook and connections. They bring a new creative energy to the city and the province, and are likely to introduce the province to new products, services and markets,” he asserts.

Meanwhile, a prefeasibility 
study for an industrial development zone, in Saldanha Bay, was completed in October 2009. An environmental-management framework is currently being 
developed for the area and the full feasibility study is likely to start in the next few months.

SOurcehttp://www.engineeringnews.co.za

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Pioneer Foods, Morreesburg Koringboere price fixing

Johannesburg - At Pioneer Foods an investigation is under way to determine whether all information was disclosed during the Competition Commission's investigation into the company's role in fixing bread prices.

This could eventually lead to a request for the resignation of the entire board of directors, even should this idea not have the support of all shareholders.

The Competition Appeal Court recently fined Pioneer R195m for its role in bread-price fixing. The Competition Commission has indicated that it will appeal the fine and ask for Pioneer to be fined R1.5bn.

This would represent 10% of the company's total turnover, in contrast to the R195m, which represents 10% of its bread division turnover alone.

Far-reaching steps are possible at Pioneer because the commission will want tangible proof that changes have taken place. Pioneer will have to send a clear message that it is serious about resolving the problem once and for all. This is what the Competition Commission has expected in all recent cases.

The two biggest shareholders in Pioneer are Kaap Agri (27.8%) and the Morreesburg Koringboere (12.2%). The PSG group has a 41% stake in Kaap Agri, via its investment in Zeder.

At the annual PSG Konsult investment conference on Thursday, PSG executive chairman Jannie Mouton said that an increased fine could have a significant impact on PSG's earnings.

A R195m fine would dilute its headline earnings by R10m, or 6c per share. A R450m fine would cost PSG R24m, or 13.9c per share.

Source http://www.fin24.com

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