http://www.engineeringnews.co.za
R/€ = 15.51 Change: 0.17
R/$ = 13.89 Change: 0.27
Au 1350.66 $/oz Change: 4.14
Pt 1150.50 $/oz Change: 5.50
 
Close

Email me free daily news

Email address

Steel designations, Highveld supply to shore up AMSA demand amid weak market

By: Terence Creamer     29th July 2016 Steel producer ArcelorMittal South Africa (AMSA) expects a proposed deal to reopen the heavy-section mill at Evraz Highveld Steel & Vanadium (Highveld), together with recent moves by government to stipulate the use of local steel when calculating local content on certain infrastructure... 

Steel designations, Highveld supply to shore up AMSA demand amid weak market
Photo by Duane Daws
AMSA CEO Wim de Klerk

New steel chief seeks dialogue on power-tariff risks

By: Terence Creamer     29th July 2016 New ArcleorMittal South Africa (AMSA) CEO Wim de Klerk views the prospect of ongoing electricity tariff increases as among his chief anxieties as he settles in at a company that is edging towards recovery, having not shown a profit since 2010. Addressing shareholders for the first time on Friday,... 

New steel chief seeks dialogue on power-tariff risks

Joemat-Pettersson backs renewables; promises coal, expedited renewable-energy IPP decision soon

By: Natasha Odendaal     29th July 2016 With government preparing to announce its long-awaited decision on the expedited round of  the Renewable-Energy Independent Power Producer Procurement Programme (REIPPPP) and the Coal Baseload Independent Power Producer Procurement  Programme (CBIPPPP), Energy Minister Tina Joemat-Pettersson has... 

Joemat-Pettersson backs renewables; promises coal, expedited renewable-energy IPP decision soon

Gautrain agency crunching numbers on new lines, tunnels and rolling stock

By: Irma Venter     29th July 2016 Building and operating the Gautrain rail system has always been a complex numbers game, ever since former Gauteng Premier Mbhazima Shilowa first announced the project in 2000. Six years from the start of operations in 2010, not much has changed. 

Gautrain agency crunching numbers on new lines, tunnels and rolling stock

South Africa's main two airports to expand capacity again

By: Keith Campbell     29th July 2016 The Airports Company South Africa (ACSA) is planning to start work on new or expanded domestic passenger terminal facilities at both Cape Town International Airport and Johannesburg's OR Tambo International Airport in the near future. ACSA CEO Bongani Maseko conveyed this information to... 

South Africa's main two airports to expand capacity again
Photo by Duane Daws
OR Tambo International airport

New aviation statistics report shows strong South African passenger growth

By: Keith Campbell     29th July 2016 Airline passenger traffic is growing strongly in South Africa. "Passenger growth in South Africa is defying all economic logic!" highlighted Airports Company South Africa (ACSA) CEO Bongani Maseko on Friday. Passenger traffic growth usually reflects growth in gross domestic product (GDP). "GDP... 

New aviation statistics report shows strong South African passenger growth
Photo by Duane Daws
ACSA CEO Bongani Maseko

SacOil says DRC drilling may start in 2017 after positive exploration results

By: Terence Creamer     29th July 2016 South African oil and gas junior SacOil is optimistic that energy major Total could initiate a drilling campaign in 2017 on a resource in the Democratic Republic of Congo (DRC), following positive geophysical exploration results. The French group is the operating partner over the 3... 

 SacOil says DRC drilling may start in 2017 after positive exploration results
SacOil group executive of operations Bradley Cerff

Eskom urges NUM union members not to strike on August 8

By: Reuters     29th July 2016 South Africa's power utility Eskom has urged National Union of Mineworkers members who are planning to hold a strike on August 8 to report for work as they provide an essential service, a spokesman said on Friday. "People who work for institutions like Eskom, the laws of the nation say we can't... 

Gordhan says domestic, global growth outlook bleak

By: Reuters     29th July 2016 South African Finance Minister Pravin Gordhan said on Friday that the domestic and global growth outlooks remained bleak and sounded a warning about the financial health of state-owned companies, which include power utility Eskom "As a country we are operating in a global environment that is not... 

Trade surplus shrinks to R12.53bn in June

By: Reuters     29th July 2016 South Africa recorded a trade surplus of R12.53-billion ($886-million) in June, from a revised record surplus of R18.37-billion rand in May, data from the national revenue agency showed on Friday. Exports inched up 0.7% to R105.2-billion on a month-on-month basis, while imports were up 7.6% to... 

Huge petrol price relief

By: News24Wire      29th July 2016 The pump price for a litre of petrol will be 99c a litre cheaper for all grades from next Wednesday, while the price of diesel 0.05% sulphur and diesel 0.005% sulphur will decrease by 74c and 73c a litre respectively. Motorists will now pay R12.35 a litre for unleaded petrol inland and R11.87 on... 

Huge petrol price relief

South Africa regulator to look into incorrect bourse data

By: Reuters     29th July 2016 South Africa's Financial Services Board (FSB) said on Friday it would look into a programming error that resulted in the JSE Ltd, which runs the stock exchange, to publish incorrect data about the trading of equities by non-residents. "The error has raised concerns in the market and amongst... 

AB InBev gets China blessings for SABMiller takeover

By: African News Agency      29th July 2016 Anheuser-Busch InBev’s (AB InBev) bid to take over SABMiller Plc and create a monolith brewer moved one step closer on Friday when China’s Ministry of Commerce gave the proposed merger a clearance. AB InBev has since welcomed the conditional approval of China’s Ministry of Commerce of the... 

Italtile to oppose commission’s finding on merger

By: Megan van Wyngaardt     29th July 2016 Italtile on Friday said it was strongly opposed to the Competition Commission’s ruling, prohibiting Italtile Group’s proposed acquisition of Ceramic Industries and Ezee Tile Adhesive Manufacturers. 

We cannot fight railway crime alone – PRASA

By: News24Wire      29th July 2016 The Passenger Rail Agency South Africa (PRASA) says it cannot fight increasing violent crime at South Africa's train stations on its own. PRASA was responding to the United National Transport Union (Untu) after the union slammed the body on Wednesday, following a number of violent murders in the... 

Cim Global Business opens office in Johannesburg

By: Megan van Wyngaardt     29th July 2016 Mauritius’s largest fund administrator Cim Global Business, which provides corporate and trust structuring and administration services, has opened a representative office at Nelson Mandela Square, in Sandton. The company, which currently employs about 250 people at its Mauritius office and ten... 

Southern Africa in urgent need of food production assistance

By: African News Agency      29th July 2016 Some 23-million people in southern Africa are in need of urgent support to be able to produce enough food to feed themselves and avoid being dependent on humanitarian assistance until mid-2018, the United Nations agricultural agency has warned. According to the Food and Agricultural Organisation... 

EU raises duties on steel rebar imports from China

By: Reuters     29th July 2016 The European Union (EU) will imposed duties on imports from China of steel bars used to reinforce concrete at rates higher than initially proposed, the EU's official journal said on Friday. The bloc has set definitive anti-dumping duties on high performance reinforcement bars (HFP rebars) at... 

Britain casts doubt on EDF's Hinkley Point nuclear plan

By: Reuters     29th July 2016 Britain's new government has cast doubt over a project with French energy company EDF to build the UK's first new nuclear plant in decades, delaying a decision on the plan just a day after the company's board voted to proceed. In a surprise move, the government said it wanted to give the Hinkley... 

Britain casts doubt on EDF's Hinkley Point nuclear plan
Photo by Reuters
Hinkley Point A and B

Petrol could fall by R1/litre – AA

By: News24Wire      29th July 2016 Motorists could see a drop in the petrol price by up to R1 a litre in August as the rand continues its robust run against dollar, according to the Automobile Association (AA). The organisation commented on Friday on unaudited month-end fuel price data released by the Central Energy Fund (CEF). 

Petrol could fall by R1/litre – AA

AMSA calls for more support as loss increases

By: African News Agency      29th July 2016 ArcelorMittal South Africa (AMSA) called for more state support for the steel sector as it reported a loss of R450-million for the six months to the end of June, a hefty increase on the loss of R111-million recorded for the corresponding period a year before. The company acknowledged the support... 

AMSA calls for more support as loss increases

Eskom postpones IPP signing with Redstone

By: News24Wire      29th July 2016 Eskom postponed the signing of a 20-year power purchase agreement (PPA) with Redstone Solar Thermal Power Project, intended to happen on Thursday July 28 2016. The agreement would have seen Eskom buy 100 MW from the project for an estimated R50-billion for the duration of the contract, according... 

Creamer Media scores highly with readers for credibility, accuracy

     29th July 2016 Accurate reporting and a high credibility rating continue to be the hallmarks of Creamer Media’s publishing effort, according to a survey completed by nearly 2 000 readers of Engineering News, Mining Weekly, Polity and Research Channel Africa. During the reader survey conducted during May, June... 

Creamer Media scores highly with readers for credibility, accuracy
Photo by Duane Daws
Creamer Media publishing editor Martin Creamer

Seshego Industrial Park receives R21m boost from DTI

By: Ilan Solomons     28th July 2016 The Department of Trade and Industry (DTI) has launched the R21-million first phase of the Seshego Industrial Park revitalisation project, in Polokwane, which is aimed at promoting industrialisation, job creation and economic growth. Trade and Industry Minsiter Dr Rob Davies, Limpopo Premier Stan... 

Seshego Industrial Park receives R21m boost from DTI
Photo by Ilan Solomons
Trade and Industry Minister Dr Rob Davies

NNR passes Eskom’s nuclear site applications, further scrutiny to follow

By: Creamer Media Reporter      28th July 2016 The National Nuclear Regulator (NNR) has completed the initial review of State-owned Eskom’s nuclear installation site licence (NISL) applications for the Eastern Cape-based Thyspunt site, and the Western Cape-based Duynefontein site. The regulator indicated that the applications, submitted in... 

CSIR transport infrastructure engineering expert wins JD Roberts Award

By: Anine Kilian     28th July 2016 Council for Scientific and Industrial Research (CSIR) senior researcher and manager of the bituminous binders’ laboratory Georges Mturi was awarded the 2016 JD Roberts Award, which is sponsored by construction group Murray & Roberts (M&R) and held in partnership with the CSIR. The award, which... 

Hold off nuclear until current projects are complete, Outa urges Eskom

By: Creamer Media Reporter      28th July 2016 The Organisation Undoing Tax Abuse (Outa) on Thursday urged State-owned power utility Eskom to complete its currently-under-construction Medupi, Kusile and Ingula power stations before embarking on any new mega power station projects, particularly nuclear projects. Outa spokesperson Ted Blom... 

Cennergi wind farm enters commercial operation

By: Megan van Wyngaardt     28th July 2016 Local independent power producer Cennergi on Thursday celebrated achieving commercial operations at its 134 MW Amakhala Emoyeni wind farm, near Bedford, in the Eastern Cape. Cennergi, a 50:50 joint venture between miner Exxaro Resources and Tata Power, was selected as the preferred bidder for two... 

Aurecon-led consortium wins award for aerotropolis master plan

By: Megan van Wyngaardt     28th July 2016 The South African Planning Institute (SAPI) has recognised an Aurecon-led consortium for its completion of the Ekurhuleni OR Tambo Aerotropolis Master Plan, declaring it the winner of the Private Sector category of the institute’s Planning Awards. The consortium, comprising Aurecon, the Council... 

CompComm prohibits tiles and sanitaryware merger

By: Megan van Wyngaardt     28th July 2016 The Competition Commission has prohibited Italtile Group’s proposed acquisition of Ceramic Industries and Ezee Tile Adhesive Manufacturers, as it found that there would be no viable alternatives for competitors in the downstream retail market. The commission added that the merged entity could... 

MTN prepares for Nigeria listing 

By: Natasha Odendaal     28th July 2016 JSE-listed MTN Group is targeting a 2017 Nigeria bourse listing for its Nigeria-based operations – a move that will be reliant on suitable market conditions. The group is set to embark on preparations for the NSE listing as and when it is "commercially and legally" possible, with a management... 

Construction sector launches revised sector code

By: David Oliveira     28th July 2016 The Construction Sector Charter Council (CSCC) on Thursday launched the revised draft Construction Sector Code (CSC), which is aimed at aligning the unique aspects of the sector with the black economic-empowerment and transformation targets set out by the Department of Trade and Industry (DTI).... 

Molewa launches R30m Gauteng Youth Jobs in Waste Programme

By: Anine Kilian     28th July 2016 Environmental Affairs Minister Edna Molewa launched the R30-million Gauteng Youth Jobs in Waste Programme in Mohlakeng, Randfontein, on Thursday.   This is in line with the Minister’s commitment to launching projects that will contribute to overcoming the country’s waste challenge, as well as... 

Stats SA boss slams UN invoice-fraud report

By: News24Wire      28th July 2016 Statistician-general Pali Lehohla disputed the accuracy of a United Nations report on invoice fraud, which states that there had been gross discrepancies in South Africa’s records of gold exports and that of its trading partners. The United Nations Conference on Trade and Development (Unctad)... 

Unemployment rate remains virtually unchanged at 26.6% in Q2 – Stats SA

By: Anine Kilian     28th July 2016 South Africa’s unemployment rate fell by 0.1 of a percentage point to 26.6% in the second quarter, Statistics South Africa’s (Stats SA’s) latest Quarterly Labour Force Survey (QLFS) shows. In total, 129 000 jobs were lost quarter-on-quarter, with both the formal and informal nonagricultural... 

Local hotel tourism rakes in R14.2bn, despite visa gripes 

By: Megan van Wyngaardt     28th July 2016 Despite uncertainty in the domestic tourism industry, owing to the revised visa regulations and a weak global economy, South Africa can still expect healthy growth over the next five years, PwC’s Hotels Outlook 2016 – 2020 reveals. Almost 2 600 rooms will be added to the South African hotel... 

PwC Southern Africa hospitality and gambling industry leader Pietro Calicchio tell Engineering News about the hotel tourism industry. Video and editing: Nicholas Boyd.

South Africa's largest oil refinery operating, no strike impact

By: Reuters     28th July 2016 South Africa's largest oil refinery, jointly operated by Shell and BP, has not shut down due to a workers' strike over wages, a spokeswoman said on Thursday, contradicting an earlier union claim. "The plant has not stopped production and we have measures in place to ensure continued safe... 

New positive wind blowing through South African mining – Sibanye

By: Martin Creamer     28th July 2016 A new positive wind is blowing through South African mining with government and industry engagement taking a turn for the better, Sibanye CEO Neal Froneman said on Thursday. Updating visiting mining analysts and journalists on strategy during the first of two investor days, Froneman remarked... 

New positive wind blowing through South African mining – Sibanye
Photo by Duane Daws
Sibanye CEO Neal Froneman

Latest News  by  

more

Company Post

more

Latest Videos and Audio

On-The-Air (29/07/2016)

Concentrated solar plants valuable for South Africa

Local hotel tourism rakes in R14.2bn, despite visa gripes

South African inspection robot attracting international interest

Eskom’s letter causes uncertainty for IPPs

An update on the state of the electricity system

On-The-Air (22/07/2016)

Africa’s brightest youth brainstorm solutions to socioeconomic challenges

more

Manufacturing News

Capital Equipment

Chemicals & Pharmaceuticals

Clothing & Textiles

Food & Beverage

Foundries, Forges & Die-Casting

Furniture & Wood Products

Hydraulics

Industrial Filters & Filtration

Instrumentation & Control

Manufacturing

Metals & Engineering

Paper, Plastics, Packaging, Printing

Pipes & Tubes

Pumps

Rubber

Valves

Welding & Cutting

Services News

Architecture

Business Process Outsourcing

Consulting Engineers

Corrosion Control

Education & Skills Development

Financial

Legal

Maintenance

Materials Handling

Quality Assurance & Standards

Quantity Surveyors

Company Announcements

more

Research Reports

Projects

Press Office

more

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close