http://www.engineeringnews.co.za
R/€ = 16.69 Change: 0.06
R/$ = 14.67 Change: 0.06
Au 1175.73 $/oz Change: -1.19
Pt 780.50 $/oz Change: 4.80
 
Close

Email me free daily news

Email address

Metair to deliver its first lithium-ion batteries before the end of the year

By: Irma Venter     16th August 2018 JSE-listed Metair will deliver its first production lithium-ion batteries to a customer before the end of the year. Metair is a distributor and retailer of energy storage solutions and automotive components. 

 Metair to deliver its first lithium-ion batteries before the end of the year
Theo Loock

Ramaphosa launches commission of inquiry into PIC

By: African News Agency      16th August 2018 President Cyril Ramaphosa will appoint a commission of inquiry to investigate the scandal-plagued Public Investment Corporation (PIC), it was announced on Thursday afternoon. The PIC invests government pensions and handles assets worth about R1.928-trillion. It is one of the biggest known funds... 

Transnet signals intention to suspend CEO Gama

By: African News Agency      16th August 2018 The Transnet board has served notice on CEO Siyabonga Gama and two other top senior officials that it intends to place them on precautionary suspension. Chief procurement officer Thamsanqa Jiyana and supply chain manager Lindiwe Mdletshe also received letters on Wednesday. 

Transnet signals intention to suspend CEO Gama
Photo by Creamer Media
Transnet CEO Siyabonga Gama

Hawks investigate cases related to Gupta-loot worth more than R40bn

By: News24Wire      16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

NUM says ready to sign Eskom's wage offer

By: Reuters     16th August 2018 The National Union of Mineworkers (NUM) said on Thursday it was ready to sign a three-year wage offer from state power firm Eskom provided the utility agrees not to discipline staff who went on strike illegally. Investors want to see a resolution to the standoff between workers and Eskom as any... 

SA Express airline cleared to fly again

By: Rebecca Campbell     16th August 2018 Small, State-owned South African airline SA Express confirmed on Thursday that it would restart its operations on August 23. This announcement followed a statement by Public Enterprises Minister Pravin Gordhan to Parliament’s Portfolio Committee on Public Enterprises on Wednesday that the carrier... 

SA Express airline cleared to fly again
Photo by SA Express
A Bombardier CRJ700 of SA Express

Tiger Brands’ shares fall on lower FY18 earnings expectations

By: Simone Liedtke     16th August 2018 JSE-listed Tiger Brands’ share price fell by nearly 9.8% on Thursday morning after it announced that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year to end September 30 are likely to decrease by 22% to 37% year-on-year. It reported EPS of R19.15 and HEPS... 

ARB headline earnings up nearly 16% in 2018

By: Natasha Odendaal     16th August 2018 JSE-listed ARB Holdings on Thursday reported double-digit growth in earnings for the financial year ended June 30. The investment and property holding company posted headline earnings a share and earnings a share of 71.7c, a 15.9% and 14.9% increase respectively on the prior year, with the... 

CESA Aon Awards adds Lifetime Industry Achievement category

By: Anine Kilian     16th August 2018 Ivor Evans was, on Wednesday, awarded the first ever Consulting Engineers South Africa (CESA) Lifetime Industry Achievement Award posthumously at the 2018 CESA Aon Engineering Excellence awards on Wednesday. This year close to 50 submissions were received and in celebration of Nelson Mandela’s... 

Iceberg water could be cheaper than desalination

By: News24Wire      16th August 2018 Icebergs can supply Cape Town with extra water in drought years at a far cheaper rate than a big desalination plant. It will cost R3.8-billion to use Antarctic iceberg water to bolster Cape Town's water supply for any three dry years that are likely to occur over the next 20 years – compared to... 

Uganda wants unit of MTN Group to list locally before licence extension

By: Reuters     16th August 2018 Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters on Wednesday. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications... 

Kibo receives water permit approval for MCPP

By: Simone Liedtke     16th August 2018 Aim-listed Kibo Energy has received provisional approval from the Lake Rukwa Water Basin Board for water permits for the Mbeya coal-to-power project (MCPP), in Tanzania. An application was made to permit the operation of numerous water boreholes, which the Africa-focussed energy company said are... 

PwC puts focus on gender pay gap

By: Anine Kilian     16th August 2018 Although South African companies are not required by law to report on the gender pay gap, many organisations have started taking steps to identify pay disparities at all levels, says PwC. “Many companies have also adopted a long-term view to ensure that diversity and, in particular, gender pay... 

Kenya's ARM Cement CEO says to leave post, to stay as board member

By: Reuters     16th August 2018 The chief executive officer of Arm Cement said on Thursday he planned to leave his post as part of a management shake-up, but would stay on as a board member. "As founder shareholder and entrepreneur, I will be an active Board member and support the incoming CEO and the management team in... 

Angola aims to boost oil output with new block sale agency

By: Reuters     16th August 2018 Angola will launch next year a new agency to handle oil concessions, the government said on Thursday, as President João Lourenço pushes ahead with reforms aimed at boosting production in Africa's second biggest oil industry. The creation of a National Agency of Petroleum and Gas to manage and... 

Rothdene pumpstation upgrade allows municipality to accommodate growth in area 

16th August 2018 Following the completion of the Rothdene Pump Station at the end of June, the project aims to provide the Midvaal Municipality with an opportunity to start several housing and social developments in the area. Simone Liedtke tells us more. 

Rothdene pumpstation upgrade allows municipality to accommodate growth in area

KML bearings from BI a perfect fit for food-and-beverage applications

16th August 2018 The KML range of corrosion-resistant, food-grade ball bearings, distributed exclusively in Southern Africa by leading supplier BI, continue to set the quality and hygiene benchmark in the food-and-beverage industry. With over 35 years’ experience in power transmission, KML Bearings has developed... 

KML bearings from BI a perfect fit for food-and-beverage applications

Parliament considers tougher anti-smoking Bill

By: Reuters     16th August 2018 A Bill that would toughen anti-smoking legislation in South Africa has been submitted to Parliament for review by lawmakers, a health ministry spokesman said on Wednesday, as a campaign against the proposed changes intensifies. The Control of Tobacco Products and Electronic Delivery Systems Bill... 

Trump says his steel tariffs will save the US industry – WSJ

By: Reuters     16th August 2018 President Donald Trump said on Wednesday his tariffs on foreign steel are saving the US industry and he predicted that in the future American steelmakers will mostly face domestic competition, the Wall Street Journal reported. In a 20-minute interview with the newspaper, Trump said some people... 

Numsa rejects Eskom disciplinary action proposal against striking workers

By: African News Agency      16th August 2018 The National Union of Metalworkers South Africa has rejected Eskom's proposal to institute disciplinary action against workers who participated in industrial action during protracted wage negotiations, on the grounds that the power utility is an essential service.  On Wednesday Eskom declared a... 

Emira delivers positive FY18 performance with 2.53% distribution increase

By: Simone Liedtke     15th August 2018 Real estate investment trust (Reit) Emira Property Fund’s distributions for the financial year ended June 30, increased by 2.53% year-on-year, despite persistently tough trading conditions. This increase, CFO Greg Booyens said on Wednesday, reaffirms the company’s turnaround and return to... 

Orion turbocharges Prieska study

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion turbocharges Prieska study
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Rand rout threatens fuel price stability, warns AA

By: News24Wire      15th August 2018 Substantial rand weakness could undo recent fuel price stability, the Automobile Association (AA) warned on Wednesday. It was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF). "Almost two months of modestly improving rand strength ended in a dramatic... 

Two workers die at Dubai aluminium furnace, EGA says

By: Reuters     15th August 2018 Two workers died at an industrial furnace in Dubai, reportedly by burning to death, the operator of the plant said on Tuesday. Emirates Global Aluminium said the accident took place on Monday as the men "were working at an industrial furnace, which was shut down for routine maintenance and was... 

ANC chairperson wants state to seize land from those with over 12 000 ha

By: Reuters     15th August 2018 National Chairperson of the African National Congress (ANC) Gwede Mantashe gestures at the end of the 54th National Conference of the ruling ANC at the Nasrec Expo Centre in Johannesburg, South Africa, December 21, 2017. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) - The chairman of South... 

Freedom Property subsidiary sells noncore residential units

By: Anine Kilian     15th August 2018 Zambesa Investments, a wholly owned subsidiary of JSE-listed Freedom Property Fund, has agreed to sell eight residential units and 33 service stands, collectively called Tubatse Homes, in Burgersfort. The purchase consideration is R12.6-million and comprises a deposit of R2.52-million, which is... 

Rand slumps as Moody's says fiscal consolidation slows

By: Reuters     15th August 2018 The rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised economy had slowed. Moody's is the only one of the "big three" ratings agencies which still has South Africa's sovereign rating in investment grade, so any hint... 

What is driving a rally in EU carbon permit prices?

By: Reuters     15th August 2018 The Benchmark European carbon price hit a 10-year high on Wednesday, marking a near 130% rise this year, with prices set to continue climbing over the next few years. The European Union's Emissions Trading System (ETS) charges power plants and factories for every tonne of carbon dioxide (CO2)... 

M&R expects to report higher FY18 earnings

By: Anine Kilian     15th August 2018 JSE-listed Murray & Roberts (M&R) expects its results for the financial year ended June 30, to show an improvement of at least 20% year-on-year in diluted and basic earnings a share and headline earnings a share. The group said on Wednesday that it also expects to report cash, net of debt, of at... 

South African black property owners want certainty over land reform policy

By: African News Agency      15th August 2018 South Africa's black practitioners in the property development sector do not have any qualms about an amendment of the Constitution to expropriate land without compensation, but they want certainty over the policy and decisive action if it is to be implemented.  Nkuli Bogopa, president of the... 

Gordhan announces whistleblower hotline to boost fight against corruption

By: News24Wire      15th August 2018 Stabilising State-owned enterprises could take six months or longer, depending on the extent of corruption, said Public Enterprises Minister Pravin Gordhan. The minister on Wednesday briefed the portfolio committee on public enterprises on the progress made in addressing governance challenges at... 

Gordhan announces whistleblower hotline to boost fight against corruption
Photo by Dylan Slater
Public Enterprises Minister Pravin Gordhan

Kibo to acquire 60% stake in UK energy company

By: Simone Liedtke     15th August 2018 Africa-focussed energy company Kibo Energy has signed a memorandum of understanding (MoU) for the acquisition of a 60% equity interest in UK company Mast Energy Developments (MED). Under the terms of the MoU, Kibo can acquire a 60% shareholding in MED for £300 000 payable to existing MED... 

SA Express flights to take off next week – Gordhan

By: News24Wire      15th August 2018 Grounded SA Express will be ready to take off next week, said Public Enterprises Minister Pravin Gordhan. He was briefing the portfolio committee on public enterprises in Parliament on Wednesday, on the progress made in addressing governance challenges at various state-owned enterprises. Speaking... 

City of Joburg’s inner city revitalisation 

15th August 2018 Creamer Media's Chanel de Bruyn speaks to Creamer Media Online Writer Marleny Arnoldi about the latest developments with regard to the City of Joburg’s inner city revitalisation project. 

City of Joburg’s inner city revitalisation

Davies endorses Itac’s recommendation of increase in sugar import duties

By: Simone Liedtke     15th August 2018 Trade and Industry Minister Dr Rob Davies has endorsed the International Trade Administration Commission of South Africa’s (Itac’s) recommendation for an increase in import duties on sugar to $680/t. While the level is not at the maximum bound rate, as initially requested by the industry in the... 

South Africa's 2018 growth to be 'much lower' than initial forecasts – SARB

By: Reuters     15th August 2018 South Africa's economic growth this year will be "much lower" than initial expectations, the South African Reserve Bank (SARB) said in a presentation to Parliament on Wednesday, calling any recovery "weak and choppy". The SARB added that fixed investment was not expected to pick up meaningfully... 

South Africa's 2018 growth to be 'much lower' than initial forecasts – SARB

Trade prospects deteriorate further in July – Sacci

By: Marleny Arnoldi     15th August 2018 Trade prospects have deteriorated further in July, from the already negative outlook in June, the South African Chamber of Commerce and Industry (Sacci) reported on Wednesday, following the release of its latest Trade Conditions Survey. Trade expectations for the next six months, as reflected... 

ARB acquires Radiant Group

By: Natasha Odendaal     15th August 2018 JSE-listed ARB Holdings and its subsidiary Eurolux have taken the next step towards acquiring 100% of the total issued share capital of Radiant Group from South Ocean Holdings. The parties on Wednesday announced the signing of the definitive agreements, which outlined that the purchase price for... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

Rothdene pumpstation upgrade allows municipality to accommodate growth in area

City of Joburg’s inner city revitalisation

On-The-Air (10/08/2018)

Local company develops precision bearing packer

Development continues at Waterfall City

Foreign investment in Zimbabwe

Energy access a catalyst for economic growth, says green energy company

On-The-Air (03/08/2018)

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

Material Handling

Quality Assurance & Standards

Quantity Surveyors

Company Announcements

more

Research Reports

Projects

more

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
Free daily email newsletter Register Now
Subscribe Now for $119 Close