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Eskom hints at earlier Ingula completion as it marks start-up of first unit

By: Terence Creamer     Updated 1 hour 50 minutes ago With the first 333 MW unit, Unit 4, of Eskom’s Ingula pumped-storage scheme officially in commercial operation, the State-owned utility has expressed optimism that the full 1 332 MW, four-unit peaking plant will be completed ahead of its official timeline of July next year. Unit 4 was officially... 

Eskom hints at earlier Ingula completion as it marks start-up of first unit

South Africa will avoid recession this year – SARB

By: Reuters     Updated 3 hours ago South Africa will avoid a recession this year with a recovery in areas like mining and manufacturing likely to lift growth in the last three quarters, the central bank said on Wednesday. Growth in continent's most industrialised economy contracted 1.2 percent in the first quarter as the mining,... 

South Africa will avoid recession this year – SARB

Energy Minister cracks down on CEF governance

By: Megan van Wyngaardt     Updated 44 minutes ago The Central Energy Fund (CEF) board will review its governance processes, as well as its turnaround strategies for the subsidiaries in the group, after Energy Minister Tina Joemat-Pettersson raised concerns around the recent lapses in governance in the group. At a meeting held earlier this month... 

South African strike could hit oil refineries – union

By: Reuters     Updated 7 hours ago South African energy workers plan to strike from Thursday over wages, potentially affecting crude oil refineries and fuel depots, the Chemical, Energy, Paper, Printing, Wood and Allied Workers Union (CEPPWAWU) said on Wednesday. Around 23 000 workers in the petrochemical and pharmaceutical... 

CFOs concerned for 2016, more optimism expected next year

By: Natasha Odendaal     Updated 5 hours ago There is less optimism across Africa around the performance of companies, with currency volatility and political uncertainty topping the list of concerns for 2016. Deloitte’s ninth edition of the CFO Survey shows CFOs across the continent adopting “defensive strategies” with most focused on... 

CFOs concerned for 2016, more optimism expected next year
Photo by Duane Daws
Deloitte Emerging Markets and Africa MD Dr Martyn Davies

Necsa, unions reach wage agreement

By: Megan van Wyngaardt     Updated 59 minutes ago The South African Nuclear Energy Corporation (Necsa) and labour unions have reached a wage agreement, following months of negotiation. The parties agreed that, effective July 1, employees earning less than R600 000 a year, would receive a 7% increase, as well as a R5 000 one-off payment, while... 

A minimum wage is one thing; a living wage is another

By: African News Agency      27th July 2016 The debate around a minimum wage tends to get bogged down in headline-grabbing arguments over the gulf between executive and workers pay when a more meaningful discussion might be about another gap, that between a minimum wage and what a worker needs to earn to access a decent life. Martin... 

PIC in talks with SABMiller over improved offer by AB Inbev

By: Reuters     Updated 1 hour 14 minutes ago South Africa's Public Investment Corporation (PIC) is in talks with SABMiller over an improved offer from Anheuser-Busch Inbev, the state pension fund said on Wednesday. "We are in discussions with SABMiller on the offer price and would not like to make our view public at this point in time," PIC... 

WGBC, partners to improve energy efficiency of cities

By: Anine Kilian     Updated 1 hour 15 minutes ago The World Green Building Council (WGBC), along with the World Resources Institute-led Building Efficiency Accelerator (BEA), on Wednesday announced a new partnership to dramatically ramp up energy efficiency within buildings across the world, starting with the city of Tshwane, in Gauteng.... 

Green buildings can reduce climate change – WGBC

By: Anine Kilian     Updated 49 minutes ago There is a direct correlation between climate change and nongreen buildings, with 98% of the world’s megacities already experiencing climate risks, World Green Building Council (WGBC) CEO Terri Willis said on Wednesday. Addressing an audience at the country’s ninth yearly Green Building... 

South Africa ranks moderately on food security index

By: Megan van Wyngaardt     Updated 1 hour 2 minutes ago South Africa is ranked at 47 out of the 113 countries in this year’s Global Food Security Index (GFSI), reflecting a one-position decline from 2015, but an overall 0.6 point score increase. The country ranked first among its sub-Saharan African peers and landed in the top ten of... 

South Africa ranks moderately on food security index

South Africa a leader in aviation security

By: Keith Campbell     Updated 7 hours ago South Africa is one of the leading countries in the world in implementing the latest commercial aviation security systems. This was pointed out on Tuesday by International Air Transport Association (Iata) head of facilitation Bob Davidson. The systems concerned are Advanced Passenger Information... 

South Africa a leader in aviation security
Photo by Duane Daws/Creamer Media
Departure concourse, OR Tambo International Airport, Johannesburg

Dinosaur fossil found in South Africa finally gives up its secrets

By: News24Wire      Updated 5 hours ago A remarkable dinosaur fossil discovery made by a South African palaeontologist in 2005 has finally revealed its secrets. The fossil, the most complete ever found of a species known as Heterodontosaurus tucki, was recently scanned at the European Synchrotron Radiation Facility (ESRF) in Grenoble,... 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

     25th July 2016 This edition of Creamer Media’s Africa Mining Projects in Progress 2016 (First Edition) reviews recently announced scoping, prefeasibility and definitive/bankable feasibility studies on projects across the continent, as well as the projects that are under way. 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

Eskom’s letter causes uncertainty for IPPs 

     Updated 5 hours ago Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the fallout of Eskom’s indications that it will not sign further contracts with independent power producers until it has had further consultations with the Energy Minister. 

Eskom’s letter causes uncertainty for IPPs

South African to chair international maths commission

By: Megan van Wyngaardt     26th July 2016 The International Commission on Mathematical Instruction (ICMI) has appointed local mathematics educator and University of Witwatersrand (Wits) Professor Jill Adler as its president. She is the first African to lead the ICMI and will serve in this position until 2020. She succeeds Ferdinando... 

Supply, demand fundamentals remain challenging – Kumba Iron Ore 

By: Martin Creamer     26th July 2016 While iron-ore prices seem to have stabilised, supply and demand fundamentals remain challenging, outgoing Kumba Iron Ore CEO Norman Mbazima said on Tuesday. Speaking at the Anglo American group company's presentation of interim results for the six months to June 30, Mbazima said that the global... 

Outgoing Kumba Iron Ore CEO Norman Mbazima outlines the current state of the company to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Necsa, unions still in wage negotiations

By: Megan van Wyngaardt     26th July 2016 The South African Nuclear Energy Corporation (Necsa) on Tuesday said it was still engaging with the National Education, Health and Allied Workers' Union and Pelindaba Workers Unions on salary increases and conditions of service. Negotiations started in May, with the unions submitting 11 demands.... 

Fitch aligns South Africa’s local currency rating to its foreign currency rating

By: Megan van Wyngaardt     26th July 2016 International ratings agency Fitch Ratings has aligned South Africa’s long-term local currency rating to the long-term foreign currency rating at ‘BBB-’ with a stable outlook. This followed a recent update to Fitch’s Sovereign Rating Criteria, which is the methodology it uses to rate all... 

Mobile ecosystem adds $150bn to Africa’s economy 

By: Natasha Odendaal     26th July 2016 The mobile ecosystem is now adding in excess of $150-billion – 6.7% of gross domestic product (GDP) – to Africa’s economy, as mobile subscribers pass the 500-million mark and new opportunities for consumers, businesses and governments are unlocked, a new GSMA study shows. The Mobile Economy:... 

Mobile ecosystem adds $150bn to Africa’s economy

Public sector capex tops R1tn in five years

By: News24Wire      26th July 2016 The public sector’s capital expenditure increased by R14-billion to R272-billion in 2015 alone, according to a report released by Statistics SA on Tuesday. Capital expenditure refers to money spent on the purchasing or improvement of land, buildings, engineering structures, machinery and equipment. 

Customer care now as critical as mobile operator network quality – survey 

By: Natasha Odendaal     26th July 2016 Mobile customer care is now just as important as network quality to consumers as a deciding factor in choosing and staying with a mobile operator, a new report by Nokia has found. Nokia's tenth ‘Acquisition and Retention Study’, which highlights current consumer trends for mobile operators,... 

SAA requires a whole new board – Gordhan

By: News24Wire      26th July 2016 Finance Minister Pravin Gordhan said South African Airways (SAA) requires a whole new board on Tuesday. Speaking at the EY and Johannesburg Chamber of Commerce and Industry (JCCI) business breakfast in Sandton on Tuesday, Gordhan said SAA needs an an experienced management team. 

Fingerprint authentication coming to South African bank cards

By: News24Wire      26th July 2016 New standards to facilitate card payments using fingerprint authentication have been introduced to make transactions more secure and convenient for consumers. The Payments Association of South Africa (PASA), in partnership with Visa and Mastercard, announced on Tuesday a new standardised... 

86 MW Prieska solar plant enters commercial operation

By: Creamer Media Reporter      26th July 2016 The 86 MW Mulilo-Sonnedix-Prieska solar photovoltaic (PV) project, in the Northern Cape, has officially started operating commercially, following 17 months of construction. The R1.3-billion project, which is located on a 125 ha site 50 km south-west of Prieska, comprises 275 000 PV modules,... 

86 MW Prieska solar plant enters commercial operation
The 86 MW solar PV plant near Prieska in the Northern Cape

AB InBev raises offer for SABMiller

By: Tracy Hancock     26th July 2016 Multinational beverage and brewing company Anheuser-Busch InBev (AB InBev) has made a revised and final offer for the entire issued and to be issued share capital of JSE-listed SABMiller. This development follows a July 22 conversation between SABMiller’s chairperson and that of AB InBev on the... 

AB InBev raises offer for SABMiller

GE aiming to change coal narrative with high-efficiency power solutions

By: Terence Creamer     26th July 2016 Technology group GE is beginning to actively make the case for clean coal, having concluded that coal-fired generation will remain a major, albeit relatively smaller, part of the future electricity mix in many parts of the world. GE Power global sales and marketing leader for steam power systems,... 

GE aiming to change coal narrative with high-efficiency power solutions
Photo by Duane Daws
Michael Keroullé

African Energy, First Quantum advance Botswana coal/power project

By: Megan van Wyngaardt     26th July 2016 ASX-listed African Energy Resources (AFR) is looking to update its mining study to meet the requirements of fuel delivery for a 450 MW integrated coal and power project, up from the 300 MW it had initially planned for its Botswana-based Sese project. The update forms part of the work programmes... 

African Energy, First Quantum advance Botswana coal/power project

Zuma seeks clarity on land expropriation bill 

By: Reuters     26th July 2016 South African President Jacob Zuma has asked Parliament to explain the process it followed in passing a bill allowing State expropriations of land to redress racial disparities in land ownership. Land is an emotive issue in Africa's most industrialised country more than two decades after the end... 

AECI reports lower H1 earnings, higher revenue

By: Anine Kilian     26th July 2016 Specialty chemicals and explosives manufacturer AECI on Tuesday reported higher revenue, but lower earnings a share for the six months ended June 30. Headline earnings per share (HEPS) fell 48% year-on-year to 293c, while earnings a share (EPS) decreased 50% year-on-year to 292c. 

Brazilians and Moroccans agree to develop aviation industry in the African country

By: Keith Campbell     26th July 2016 Brazilian aerospace group Embraer and Morocco’s Mohammed VI International Academy of Civil Aviation (AIAC is its abbreviation in French) on Monday signed a memorandum of understanding (MoU) in Casablanca. The aim of the MoU is to develop aviation-related engineering in the North African country.... 

Brazilians and Moroccans agree to develop aviation industry in the African country
Photo by Embraer
Embraer’s latest generation airliner, the E190-E2

South Africa needs to rethink austerity – Gordhan 

By: Reuters     26th July 2016 South Africa cannot rely on austerity measures to reduce public debt and boost economic growth, as previously thought, Finance Minister Pravin Gordhan said on Tuesday. Gordhan has been trying to find a balance between reining in spending to contain South Africa's budget deficit and avoid credit... 

South Africa needs to rethink austerity – Gordhan
Photo by Duane Daws
Finance Minister Pravin Gordhan

Ndlovu to head Anglo coal

By: Martin Creamer     26th July 2016 Anglo American Platinum (Amplats) operational processing executive head July Ndlovu has been appointed CEO of Anglo American’s coal business in South Africa. This follows the appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore, following Norman Mbazima’s decision to step down after four... 

Ndlovu to head Anglo coal
Photo by Duane Daws
New Anglo Coal CEO July Ndlovu

Telecoms Minister threatens to sue Icasa over spectrum auction

By: News24Wire      26th July 2016 Telecoms and Postal Services Minister, Siyabonga Cwele, plans suing a local communications regulator over its auctioning off of spectrum for high-speed broadband. In a surprise move, the Independent Communications Authority of South Africa (Icasa) this month invited applicants to apply for... 

Telecoms Minister threatens to sue Icasa over spectrum auction
Photo by Reuters
Telecoms Minister Siyabonga Cwele

Kumba generates cash in tough half-year

By: Martin Creamer     26th July 2016 Anglo American company Kumba Iron Ore on Tuesday reported 20% higher headline earnings of R3-billion in the six months to June 30, when its financial performance was supported by strong cash generation. On a normalised basis, the R9.41 headline earnings a share were 4% lower on 11%-less... 

Kumba generates cash in tough half-year
Photo by Duane Daws
Outgoing Kumba CEO Norman Mbazima

Kumba Iron Ore changes guard

By: Martin Creamer     26th July 2016 Anglo American company Kumba Iron Ore on Tuesday announced the appointment of Themba Mkhwanazi as CEO with effect from September 1, following Norman Mbazima’s decision to step down after four years to focus on his role as deputy chairperson of Anglo American South Africa. Mbazima will remain a... 

Kumba Iron Ore changes guard
Kumba CEO designate Themba Mkhwanazi

Fuel cell thrust continuing – Anglo American Platinum 

By: Martin Creamer     25th July 2016 The momentum around fuel cell vehicles as one of the zero-emission technologies of the future is continuing to build as shown by launches and proposed launches of commercially available fuel cell electric vehicles by major car manufacturers. Pictures of fuel cell electric vehicles bearing... 

Anglo American Platinum CEO Chris Griffith talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

South Africa to host 11th International Heavy Haul Conference

By: Anine Kilian     25th July 2016 South Africa has won the bid to host the Eleventh International Heavy Haul Association (IHHA) conference, which will be held in Cape Town from September 2 to 6, 2017 at the Cape Town International Convention Centre. The IHHA has partnered with State-owned rail utility Transnet and the South... 

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