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Judgment means new approach for South Africa’s nuclear project, not its end, says industry

By: Keith Campbell     Updated 7 hours ago The South African Nuclear Energy Corporation (Necsa) has called for “caution and common sense” in its press release on Friday, responding to the Western Cape High Court judgment on Wednesday, which set aside as unconstitutional and unlawful certain policy decisions and intergovernmental... 

Judgment means new approach for South Africa’s nuclear project, not its end, says industry
Photo by Duane Daws
Necsa chairperson Dr Kelvin Kemm

Gigaba has shown South Africa will stick to fiscal discipline and consolidation – Cabinet

By: African News Agency      28th April 2017 South African Finance Minister Malusi Gigaba’s interaction with investors and the global finance community has shown that government would stick to the course of fiscal discipline and consolidation charted by his predecessor, Cabinet said on Friday. “These engagements underscored that... 

Gigaba has shown South Africa will stick to fiscal discipline and consolidation – Cabinet
Photo by Bloomberg
Finance Minister Malusi Gigaba

South Africa plans emergency steel tariff from July – WTO

By: Reuters     27th April 2017 South Africa is proposing to put emergency "safeguard" tariffs on imports of certain flat hot-rolled steel products from July, it said in a filing published by the World Trade Organisation (WTO) on Thursday. The tariff would be in place for three years, and fall from 12% in the first year to 10%... 

South Africa plans emergency steel tariff from July – WTO

Volvo Trucks invests in fitment of safety features at Durban plant

By: Irma Venter     28th April 2017 Volvo Trucks South Africa (VTSA) has invested R6.5-million into its semi-knockdown manufacturing plant, in Durban. The investment will allow the facility to install and calibrate selected safety features that were previously not available in the local market. 

Volvo Trucks invests in fitment of safety features at Durban plant

South Africa's trade balance records R11.4bn surplus in March

By: Reuters     28th April 2017 South Africa's trade surplus grew sharply in March as commodity exports jumped on the back of strong global demand, raising the chances it will be able to narrow the current account deficit, which is seen as a key economic weakness. The treasury has an ambitious target to trim the current account... 

Leadership and inclusive growth to take centre stage at WEF on Africa

By: African News Agency      Updated 7 hours ago Africa’s drive to generate inclusive economic growth and the leadership this requires will be the focus of the twenty-seventh World Economic Forum on Africa, taking place in Durban, South Africa, from May 3 to 5. The 27th World Economic Forum on Africa will convene over 1,000 leaders from more... 

Leadership and inclusive growth to take centre stage at WEF on Africa

Zuma to lead Team SA at WEF Africa in Durban

By: African News Agency      28th April 2017 President Jacob Zuma will lead the South African delegation to the World Economic Forum in Africa, taking place in Durban next week, the Presidency confirmed on Friday. WEF Africa will be held at the Inkosi Albert Luthuli International Convention Centre from 3-5 May, under the theme “Achieving... 

Zuma to lead Team SA at WEF Africa in Durban
Photo by Duane Daws
President Jacob Zuma

South Africa's petrol, diesel pump prices to rise in May

By: Reuters     28th April 2017 The retail price of petrol and the wholesale price of diesel in South Africa will rise from May 3, the energy department said on Friday. The price of 95 octane petrol will climb 3.7% to R13.79 ($1.03) a litre in the commercial hub of Gauteng province, while diesel will rise 2.6% to R11.80 a... 

South Africa's petrol, diesel pump prices to rise in May

Digital platform opens up ‘new collar’ work vista for millions of Africans

By: Schalk Burger     28th April 2017 Digital devices and systems are crucial components of almost all professions and are changing industries and economies worldwide. Familiarity and competence with these technologies are usually the result of education and access to the technologies. Technology multinational IBM’s Digital-Nation... 

Digital platform opens up ‘new collar’ work vista for millions of Africans

Court finds for community in Shongweni landfill saga

By: African News Agency      28th April 2017 There was singing and dancing outside the Durban High Court this week as Judge Gregory Kruger granted an interim order compelling waste management giant EnviroServ to cease all acceptance, treatment and disposal of waste at its Shongweni landfill. The company has come under intense scrutiny as... 

Court finds for community in Shongweni landfill saga

Crop-eating armyworm marches on, UN says Angola now hit

By: Reuters     28th April 2017 The fall armyworm, which decimates fields as it marches ever forward - has spread to Angola as the caterpillar eats its way through Southern Africa, UN officials said on Thursday. With Angola the latest country affected, only Lesotho and island nations in the region have escaped the pest, which... 

Crop-eating armyworm marches on, UN says Angola now hit

Mexico's Bimbo enters Africa market with Morocco acquisition

By: Reuters     28th April 2017 Mexican breadmaker Grupo Bimbo said on Thursday it has entered the African market with the purchase of Adghal, a Morocco-based producer of baked goods. Financial details were not provided. 

Zimbabwe says has met all conditions to clear arrears to World Bank, AfDB

By: Reuters     28th April 2017 Zimbabwe has met all conditions to clear arrears to the World Bank and African Development Bank, paving the way for possible future funding from the International Monetary Fund, its finance minister said on Thursday. The southern African nation in October last year cleared its 15-year-old... 

Zimbabwe says has met all conditions to clear arrears to World Bank, AfDB
Photo by Reuters
Zimbabwe Finance Minister Patrick Chinamasa

Angola in full compliance with Opec output cuts – oil minister

By: Reuters     27th April 2017 Angolan oil minister José Maria Botelho de Vasconcelos said on Thursday his country was more than fully complying with Opec production cuts, and that he believed a deal to curb output would be extended beyond June. "Yes I think so," de Vasconcelos said at an industry event in Paris when asked... 

Angola in full compliance with Opec output cuts – oil minister

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      28th April 2017 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Engineering News iPhone and Android Apps available for free download

Platinum's process leap given Parliamentary pep

By: Martin Creamer     Updated 7 hours ago A significantly improved platinum group metals (PGMs) processing method has been developed with the assistance of South Africa's State-owned Industrial Development Corporation (IDC), Economic Development Minister Ebrahim Patel has informed Parliament. In response to questions posed by Shadow... 

Platinum's process leap given Parliamentary pep
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

State questions mental history of man accused of planning SA coup

By: African News Agency      28th April 2017 The State is questioning the mental history of a man who was allegedly plotting to assassinate South African government officials perceived as beneficiaries of State capture, including cabinet ministers, members of State-owned entities and other prominent South Africans. Elvis Ramosebudi appeared... 

State questions mental history of man accused of planning SA coup

Gordhan praises Ramaphosa, backs State capture inquiry

By: News24Wire      28th April 2017 Former Finance Minister Pravin Gordhan on Thursday told CNN that a judicial commission of inquiry into allegations of state capture would “clear the air”. Deputy President Cyril Ramaphosa recently called for the same thing, supporting a recommendation by former public protector Thuli Madonsela... 

Gordhan praises Ramaphosa, backs State capture inquiry
Photo by Reuters
Former Finance Minister Pravin Gordhan

Alleged ‘coup plotter’ set to make first appearance 

By: News24Wire      28th April 2017 A man who allegedly plotted to assassinate officials perceived as State capture beneficiaries is set to make his first appearance in the Johannesburg Magistrate’s Court on Friday. The man, 23, was arrested in Midrand on Wednesday and charged with conspiracy to commit murder and other charges. 

Alleged ‘coup plotter’ set to make first appearance

Fuel price to rise next week

By: African News Agency      27th April 2017 The Department of Energy has confirmed that the price of petrol in Gauteng will increase by 49c per litre on May 3. This is due to the international product prices of petrol increasing during the recent period, as well as the rand having depreciated against the US dollar. 

Fuel price to rise next week

SACCA to file review against SAA interdict

By: African News Agency      27th April 2017 Despite operations at South African Airways(SAA) returning to normal the South African Cabin Crew Association(SACCA) said on Thursday that their legal team was working on a review of the interdict against them. On Wednesday around 200 flight attendants were gathered outside the SAA head office... 

SACCA to file review against SAA interdict

Ruling welcomed as halting procurement of new nuclear plants

By: African News Agency      27th April 2017 Opposition parties and activists have hailed as a victory the Western Cape High Court ruling on Wednesday that has effectively called to a halt government’s controversial nuclear power expansion programme. Judge Lee Bozalek, in response to an application from environmental groups, set aside two... 

Ruling welcomed as halting procurement of new nuclear plants

Outokumpu expects Q2 profit to be slightly weaker than Q1

By: Reuters     27th April 2017 Finnish stainless steel producer Outokumpu said it expects current quarter profit to be "somewhat" below first-quarter levels due to lower ferrochrome prices and deliveries. Outokumpu's first-quarter adjusted earnings before interest, taxes, depreciation, and amortisation tripled to... 

Outokumpu expects Q2 profit to be slightly weaker than Q1

Oil market heading towards balance, more draws needed – Opec

By: Reuters     27th April 2017 Opec Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. "While it is evident that the market rebalancing is now moving forward and investment specifically in... 

Junior iron-ore miner outlines ambitious aims, supports local steel production

By: Ilan Solomons     26th April 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... 

Junior iron-ore miner outlines ambitious aims, supports local steel production
Wim de Klerk, Mathatha Tsedu and Matodzi Nesongozwi at official opening of Manngwe plant

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister 

By: Terence Creamer     26th April 2017 Having been effectively directed by the Western Cape High Court to “start with a clean slate” when approaching the controversial issue of nuclear procurement, South Africa’s new Energy Minister Mmamoloko Kubayi has some big calls to make. In the April 26 judgment signed off by justices Lee... 

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister
The Koeberg nuclear power plant in the Western Cape

DAFF pledges support for a game changing NWU food and energy security project

By: Mia Breytenbach     26th April 2017 The Department of Agriculture, Forestry and Fisheries (DAFF) has pledged its support for the SUNfarming Food & Energy project at the North-West University (NWU), in Potchefstroom, in the North West province, which promotes the growing of and provides an opportunity to grow affordable and... 

DAFF pledges support for a game changing NWU food and energy security project
Agriculture, Forestry and Fisheries Minister Senzeni Zokwana and Faculty of Engineering Dean Prof LJ Grobler at the SUNfarming Food & Energy project

Canada contributes R25m to help end spatial apartheid  

By: Anine Kilian     26th April 2017 Canada’s Deputy Minister of Global Affairs, Ian Shugart, on Wednesday announced a contribution of R25-million to the Equal Spaces: Social Housing to End Spatial Apartheid project, in South Africa. The project will be managed by Canadian nongovernmental organisation Rooftops Canada and will... 

Canada contributes R25m to help end spatial apartheid
Canada’s Deputy Minister of Global Affairs Ian Shugart

South Deep output 43% down, costs 56% up – Gold Fields

By: Martin Creamer     26th April 2017 Quarter-on-quarter gold production at the South Deep gold mine fell 43% in the first three months of 2017, when costs soared 56%, Gold Fields reported on Wednesday. All-in costs (AIC) at the mechanised mine, located 45 km southwest of Johannesburg, rose to a high level of $1 821/oz in the first... 

South Deep output 43% down, costs 56% up – Gold Fields
Photo by Duane Daws
Gold Fields CEO Nick Holland

Tribunal ratifies Citi's $5m FX rigging settlement

By: Reuters     26th April 2017 South Africa's Competition Tribunal on Wednesday confirmed a R69.5-million ($5.25-million) settlement with Citibank for its role in rigging rand currency trading, making the US bank the first among more than dozen banks named in a probe. The fine is less than 10% of Citibank's annual revenue in... 

Brown grants Eskom more time to reconsider Molefe’s pension payout

By: Anine Kilian     26th April 2017 Public Enterprises Minister Lynne Brown has granted Eskom’s board more time to resolve, through a mutually beneficial consultation process, issues around a pension payout to its former CEO Brian Molefe.   Brown on Sunday turned down the board’s proposal to award Molefe a R30-million pension... 

South African intellectual property agency seeking to stimulate innovation

By: Keith Campbell     26th April 2017 The Companies and Intellectual Property Commission (CIPC), an agency of the Department of Trade and Industry (DTI), has been holding talks with the Department of Higher Education about establishing a national Intellectual Property (IP), or Innovation, Academy, reported CIPC Executive Manager:... 

South African intellectual property agency seeking to stimulate innovation
Photo by Duane Daws/Creamer Media
The DTI office complex in Pretoria

Post Office to become fully-fledged bank – CEO 

By: African News Agency      26th April 2017 Plans are under way to remodel the South African Post Office (SAPO) into a fully-fledged bank, CE Mark Barnes said on Wednesday. “Let me tell you about where you are and what the future is. We believe that the Post Office will prove to be a critical element in financial inclusion, for a number of... 

Post Office to become fully-fledged bank – CEO

SA telcos broadening ICT services portfolios

By: Schalk Burger     26th April 2017 South African telecommunications providers are pursuing mobile-data-driven diversification strategies that are creating growth opportunities for the industry and are bolstering their information and communication technology (ICT) services portfolios, Frost and Sullivan’s ‘South African ICT... 

SAA granted interdict against striking cabin crew

By: News24Wire      26th April 2017 The Johannesburg Labour Court has granted South African Airways (SAA) an interdict against striking SA Cabin Crew Association (Sacca) members. Michael van As, for SAA, appeared briefly in the court before the matter was postponed until June 23. 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

By: Terence Creamer     26th April 2017 Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

SAA pleads with customers to ‘bear with it’ as cabin crew strike intensifies

By: African News Agency      26th April 2017 South African Airways (SAA) on Wednesday pleaded with its customers and stakeholders to “bear with it” amid operational delays and flight cancellations due to industrial action by members of its cabin crew. Around 200 flight attendants have gathered outside the SAA head office in Kempton Park in... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Job losses loom at troubled Marula – Implats
Photo by Duane Daws
Acting Implats CEO Gerhard Potgieter

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