Rabat – In 2016, financial and nonfinancial corporations were the first producer of national wealth, according to the recent report released by the High Commissioner for Planning (HCP).Tackling the institutional sector accounts for 2016, the HCP’s recent report noted that these companies have slightly improved their contribution to gross domestic product (GDP) from 42.9 percent in 2015 to 43.2 percent 2016.In addition to increasing the gross national income by 14.9 percent, these companies contributed by 53.6 percent to national savings and by 57 percent to investment (gross fixed capital formation), according to the public body. However, the contribution of households and non-profit institutions serving households (NPISHs) and that of general government registered, by contrast, a decrease of 0.4 percent and 0.1 percent respectively compared to 2015. According to the HCP, they stood respectively at 29.3 percent and 15.8 percent of the national GDP and are, respectively, down 0.4 points and 0.1 points from 2015.According to the data analyzed, the Gross National Income Available (GNI) has, for its part, increased by 3.2 percent in 2016 to reach MAD 1076.9 billion. “This improvement is due to the increase in gross disposable income of 6.8 percent for general government, 3.1 percent for corporations (financial and non-financial) and 2.1 percent for households and NPISHs,” explained the HCP.The public body added that the institutional sector contributions to GNI stood at 62.5 percent for households and NPISHs, 22.6 percent for general government, and 14.9 percent for corporations (with 2.6 percent for financial corporations).The analysis also shows that households’ gross disposable income (RBD) increased by 2.1 percent to MAD 665.1 billion in 2016, 87.6 percent of which was spent on household, final consumption, compared to 86.4 percent in 2015, said the HCP.Under these conditions, the analysts of the HCP established that the savings rate of households fell by 1.2 point, to stand at 12.9 percent in 2016.In relation to the population, they estimated that gross disposable income reached MAD 19,286 in 2016, up 1 percent from last year, and that “the increase in consumer prices being 1.6 percent in 2016, the power of household purchasing has therefore deteriorated by 0.6 percent.”As for gross fixed capital formation (GFCF). It stood at MAD 306.9 billion in 2016, up 9.5 percent from 2015.For the High Commission, there is no doubt that companies (financial and non-financial) remain the largest investor in Morocco, with a contribution increasing from 55.2 percent of GFCF in 2015 to 57 percent in 2016. On the other hand, household and government contributions declined from 26.9 percent to 25.9 percent and from 17.6 percent to 16.8 percent, respectively.“National savings, for its part, stood at MAD 292.7 billion in 2016, an improvement of 2.8 percent. Its breakdown by institutional sector shows that financial and non-financial corporations contribute by 53.6 percent, followed by households and NPISHs by 30.2 percent and general government for 16.2 percent.”In its note, the HCP also indicated that the nation’s financing requirement stood at MAD 43.2 billion in 2016 and represented 4.2 percent of GDP instead of 2 percent a year earlier.According to the explanations of the High Commission, this situation is mainly attributable to “the sharp increase of MAD 17.8 billion in the financing needs of non-financial corporations to reach MAD 54.1 billion in 2016.”On the other hand, the HCP noted that the financing of the public administrations fell by MAD 5.6 billion to represent MAD 9.4 billion. While the financing capacity of households has experienced, for its part, “a decline of MAD 10.4 billion and that of financial companies MAD 976 million, to stand respectively at 5.5 and MAD 14.7 billion in 2016”
JKTech, a technology transfer company based in Australia, has formed a partnership with Peru based Transmin Metallurgical Consultants. Transmin has been a leader in metallurgical consulting expertise in Peru and neighbouring countries and will now provide JKTech consulting services to the region. The partnership will provide comminution consulting, flotation consulting, training, and JKTech software and hardware products to the region.Adam Johnston, Transmin’s Chief Metallurgist says: “Many of our clients typically have crushing, grinding or flotation problems. JKTech’s suite of tools, services and experience at solving these problems are second to none. This is a fantastic opportunity for South American operations to use these cutting edge techniques with the additional benefits of local engineers offering fast bilingual support. The team at Transmin is ecstatic with the dynamic and cooperative integration that JKTech and Transmin are undertaking.”JKTech currently has strong relationships with many of the major mining companies in the region including BHP Billiton, Barrick Gold, Freeport McMoran International, Xstrata and Anglo American among others.Transmin Metallurgical Consultants has years of both operational and consulting experience in Peru. They carry out new project studies, audits, optimisation or plant expansion projects, whilst offering international contacts and experience; bilingual in Spanish and English; with a knowledge of current best practices.JKTech is the technology transfer company for the Julius Kruttschnitt Mineral Research Centre and other centres of the Sustainable Minerals Institute at The University of Queensland. Its role is to take viable research outcomes and transfer them to the international minerals industry. JKTech offers a range of innovative solutions for the minerals industry aimed at improving operating efficiency. These specialist products and services include consulting, automated quantitative mineralogy, specialist software, specialist equipment, laboratory services and training courses.