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2018 new-vehicle sales, exports flat, but 2019 offers some hope, says Naamsa 

By: Irma Venter     20th November 2018 In its latest quarterly report, the National Association of Automobile Manufacturers of South Africa (Naamsa) expects South African new-vehicle sales to reach 558 000 units this year, inching up from last year’s 557 701 units. At this point in time, the association expects only a marginal... 

2018 new-vehicle sales, exports flat, but 2019 offers some hope, says Naamsa

Ford starts production of Raptor engine in Port Elizabeth 

By: Irma Venter     20th November 2018 The Ford Struandale engine plant, in Port Elizabeth, has started production of the new-generation diesel engines that are set to power the Ford Ranger Raptor and selected Ranger and Everest models that will be launched in the first half of 2019. The Port Elizabeth facility opened its doors in... 

Ford starts production of Raptor engine in Port Elizabeth

MCIT unchanged at 58 index points for Q3, drop to 50 expected for Q4 

By: Marleny Arnoldi     20th November 2018 The Manufacturing Circle Investment Tracker (MCIT) for the third quarter of 2018 revealed stable investment spending in line with industry expectation and firmly above the neutral 50-point mark, with the overall index flat at 58 index points. Albeit stable on a quarter-on-quarter basis, the... 

Startup launches water-based fuel

By: Irma Venter     20th November 2018 An Australian-Israeli startup says it has found a way to use water to power fuel-cell vehicles. Electriq-Global, formerly known as Terragenic, has developed a fuel that comprises 60% water. The company says its technology extracts hydrogen from the water-based fuel, which is then harnessed to... 

Startup launches water-based fuel
Guy Michrowski

Big plans afoot for training more young people in renewable energy

By: Kim Cloete     Updated 2 hours 22 minutes ago The South African Renewable Energy Technology Centre (Saretec), which provides training for wind turbine service technicians and which has recently expanded into training solar photovoltaic (PV) installers, has been officially launched in Cape Town. The sophisticated and state-of-the-art training... 

Ramaphosa is said to mull economy super Ministry

By: Bloomberg     20th November 2018 President Cyril Ramaphosa may create a super ministry for economic policy as part of an overhaul of the nation’s executive, according to three people familiar with the matter. The new ministry will combine various economic departments, including the National Treasury, to simplify policy... 

New stage 8 load shedding 'nothing to panic about', says Eskom 

By: News24Wire      20th November 2018 Power utility Eskom recently announced that it would be expanding its load shedding plan to eight stages, allowing for up to 8 000 MW to be shed from the national grid. It previously had four stages that allowed for up 4 000 MW to be cut.   The new schedule is "nothing to panic about", Eskom... 

 New stage 8 load shedding 'nothing to panic about', says Eskom

Eskom ordered to keep Musina's lights on

By: African News Agency      20th November 2018 The North Gauteng High Court on Tuesday ruled in favour of business organisation Sakeliga to interdict Eskom from interrupting electricity supply after Musina and other municipalities failed to settle their debts. "The first respondent be interdicted and restrained from implementing it's decision... 

Khashoggi killing complicates Saudi rescue bid for Denel

By: Reuters     20th November 2018 Loss-making South African arms maker Denel has a problem as it fights to survive. Its potential saviour is Saudi Arabia, now drawing fierce criticism following the killing of journalist Jamal Khashoggi. But after being mismanaged for years and tainted by a far-reaching influence-peddling scandal,... 

South Africa marks ten years of collaboration with CERN

By: Kim Cloete     20th November 2018 South Africa this week celebrated its ten-year collaboration with CERN, the European Organisation for Nuclear Research, best known for major breakthroughs such as the discovery of the Higgs-Boson particle in 2012. South Africa’s science community, together with the ambassadors from the French and... 

South Africa is making strides in physics, but lags in gender equality

By: Kim Cloete     20th November 2018 South Africa is making strides in the field of physics, as well as steady progress in developing and appointing black researchers in the field, but is lagging way behind in gender equality, a study has shown. “Over the period 2005 to 2015, the impact of South African physics publications has... 

I am not accountable to bullies – Gordhan  

By: African News Agency      20th November 2018 Public Enterprises Minister Pravin Gordhan on Tuesday took a swipe at his detractors, telling the State capture commission of inquiry that he does not submit to bullies. The minister is testifying for a second day at the commission of inquiry into State capture, led by deputy chief justice... 

I am not accountable to bullies – Gordhan
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Icasa starts inquiry into the mobile broadband market

By: Natasha Odendaal     20th November 2018 The Independent Communications Authority of South Africa (Icasa) has launched an inquiry into the mobile broadband market as part of its efforts and interventions to reduce the high cost of communication in the country. The notice of intention, published last week, is the third intervention by... 

Stor-Age achieves growth despite challenging economic climate

By: Marleny Arnoldi     20th November 2018 Real estate investment trust Stor-Age has achieved a 9.1% year-on-year increase in dividends a share to 51.3c apiece for the six months ended September 30, underpinned by solid organic growth in its South African and UK portfolios and the successful integration of acquisitions. Stor-Age... 

Dipula delivers strong FY results

By: Tasneem Bulbulia     20th November 2018 Diversified real estate investment trust Dipula Income Fund on Tuesday reported double-digit growth in distributable earnings to R504.2-million for the year ended August 31. Dipula’s property portfolio ended the year with a 25% higher value at R8.6-billion. 

Report lays out action plan for sanitation crisis in Limpopo schools

By: Sashnee Moodley     20th November 2018 Public-interest law centre Section27 has released its long-awaited sanitation report, offering an overview of the state of school sanitation in Limpopo and calling on the Limpopo Department of Education (LDE) and the Department of Basic Education (DBE) to address the issue. The report, ‘Towards... 

Report lays out action plan for sanitation crisis in Limpopo schools

New toilet can save 30% of water and 30% of consumers' water bills

By: News24Wire      20th November 2018 South Africa has developed a revolutionary new toilet that uses less than two litres of water for a full flush – saving around 700 litres of water a person every month. Normal lavatories use between six and 12 litres for each flush and account for 30% to 40% of a household's water use, so the new... 

Santaco acquires 25% stake in SA Taxi for R1.7bn

By: African News Agency      20th November 2018 The South African National Taxi Council (Santaco) has acquired a 25 percent stake in SA Taxi for R1.7-billion, following several years of a mutually-beneficial working relationship. SA Taxi finances entrepreneurs who operate minibus taxis that may not otherwise have access to credit from... 

South Africa’s coal output continues to decline   

By: Simone Liedtke     20th November 2018 XMP Consulting senior coal analyst Xavier Prevost expects South Africa’s coal production to soon “drop drastically” as a result of low investment in new coal mining capacity and older mines reaching the end of their lives. Speaking to Mining Weekly Online on the sidelines of the Fossil Fuel... 

XMP Consultants senior coal analyst Xavier Prevost speaks to Mining Weekly Online on the sidelines of the Clean Coal Technologies conference about the current and future trends in coal production, trade and markets in South Africa. Video & Editing: Nicholas Boyd.

No land grabs in SA, your investments are safe – Ramaphosa tells German counterpart

By: News24Wire      20th November 2018 President Cyril Ramaphosa said at a media briefing on Tuesday morning in Cape Town with German President Frank-Walter Steinmeier that there will be no land grabs in South Africa and that foreign investments in the country are safe. “Investors should have no fear that their land or investment will... 

No land grabs in SA, your investments are safe – Ramaphosa tells German counterpart
President Cyril Ramaphosa

Hawks investigating 311 cases involving municipalities

By: News24Wire      20th November 2018 The Hawks are investigating 311 cases involving municipalities across the country, the Department of Cooperative Governance and Traditional Affairs (Cogta) says. Cogta spokesperson Musa Zondi said 98 of the cases were in court, 178 were under investigation, and 35 were either finalised or... 

Hawks investigating 311 cases involving municipalities

Nissan boss' downfall sparks questions about links to property deals

By: Bloomberg     20th November 2018 Almost 24 hours after Carlos Ghosn’s shock arrest, details are emerging of the alleged financial transgressions that have the auto industry titan facing jail-time in Japan, throwing the car alliance that he built into turmoil. Nissan Motor Co., one of three companies in the world’s biggest... 

IMF says optimism in South Africa's economic recovery fading

By: Reuters     20th November 2018 South Africa's economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a result of global trade tensions, the International Monetary Fund (IMF) said on Monday. In October the global lender said it saw Africa's most industrialised... 

IMF says optimism in South Africa's economic recovery fading

Optimism in South Africa's economic recovery fading – IMF

By: Reuters     19th November 2018 South Africa's economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a result of global trade tensions, the International Monetary Fund (IMF) said on Monday. "Some of the initial optimism has dissipated as growth remains stuck in... 

Jewel City development project marks sod-turning milestone  

By: Tasneem Bulbulia     19th November 2018 The Jewel City development project in Johannesburg is coming to life, with the first sod turned on Monday and further development plans for the inner-city precinct unveiled. The sod-turning was attended by Johannesburg mayor Herman Mashaba and Sigma Capital executive chairperson Phuti Mahanyele. 

Sigma Capital executive chairperson Phuti Mahanyele details the Jewel City development project

Gibela to hand over SA-built train before year-end 

By: Marleny Arnoldi     19th November 2018 The first new Xtra’polis Mega commuter train to be built in South Africa since the 1970s is undergoing final testing at transport consortium Gibela’s train manufacturing facility in Dunnottar, Gauteng, ahead of being handed over before the end of 2018 to the Passenger Rail Agency of South Africa... 

Gibela to hand over SA-built train before year-end

State capture was evident as early as 2014 – Gordhan 

By: African News Agency      19th November 2018 The State capture phenomenon had been around as early as 2014 in South Africa during former president Jacob Zuma's administration, Public Enterprises Minister Pravin Gordhan told the State capture commission of inquiry on Monday. He said individual corrupt activities, through procuring goods and... 

State capture was evident as early as 2014 – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Eskom says it is not load shedding

By: African News Agency      19th November 2018 Eskom on Monday said it was not implementing load shedding but the power grid was stretched with a low possibility of load shedding for the rest of week. "We will keep our customers informed if there are any changes to the system. Eskom would like to thank its customers for assisting in keeping... 

Eskom says it is not load shedding

Barloworld mulls adding another Cat business; cuts 1 000 auto jobs 

By: Irma Venter     19th November 2018 Barloworld is mulling the acquisition of another distribution deal with US equipment manufacturer Caterpillar, says Barloworld CEO Dominic Sewela. This follows the sale of the Iberia Equipment business in Spain for R2.5-billion. 

Barloworld mulls adding another Cat business; cuts 1 000 auto jobs
Dominic Sewela

Patel: I declined several invites from the Guptas 

By: News24Wire      19th November 2018 Economic Development Minister Ebrahim Patel has said he declined several invitations from the Gupta family, including one to the now-infamous wedding at Sun City in 2013. In a written reply to a question from Democratic Alliance (DA) MP Michael Bagraim, Patel clarified that neither he nor... 

 Patel: I declined several invites from the Guptas
Photo by Creamer Media
Economic Development Minister Ebrahim Patel

Steinhoff appoints Louis du Preez as new permanent CEO, shares soar

By: Reuters     19th November 2018 Steinhoff’s CEO Danie van der Merwe has decided to step down from this position at the end of December, the global retailer said in an update to shareholders on Monday.  He will be replaced by Louis du Preez, the group’s current commercial director. 

Steinhoff appoints Louis du Preez as new permanent CEO, shares soar

Nampak forecasts higher earnings

By: Simone Liedtke     19th November 2018 Leading up to the finalisation of its results for the year ended September 30, JSE-listed packaging company Nampak on Monday said that it expected its headline earnings per share (HEPS) for continuing operations to increase by between 12% and 17%. HEPS was 146.3c a share in the previous... 

Astral commits to R1.1bn in expansion projects 

By: Simone Liedtke     19th November 2018 On the back of President Cyril Ramaphosa’s recent investment drive and stimulus plan, integrated poultry producer Astral Foods has committed R1.1-billion to expansion projects over the next three years. This is the JSE-listed company’s first major expansion in its poultry division in a decade and... 

Astral commits to R1.1bn in expansion projects

Electricity access finance not enough to meet 2030 global energy goals

By: Marleny Arnoldi     19th November 2018 The finance required to close electricity and clean cooking access gaps remains “drastically short” of what is needed to meet global energy goals by 2030, international energy organisation Sustainable Energy for All states in its latest report. Titled ‘Energizing Finance: Understanding the... 

Gordhan alerts commission to 'mental lapse'

By: African News Agency      19th November 2018 Public Enterprises Minister Pravin Gordhan said he had to consult with officials at National Treasury and ''refresh his mind'' on events and meetings he took part in back when he was finance minister. Testifying in the commission of inquiry into State capture, chaired by Deputy Chief Justice... 

 Gordhan alerts commission to 'mental lapse'
Photo by Reuters
Public Enterprises Minister Pravin Gordhan

Eskom’s monopoly plunging South Africa into power shortages – DA

By: African News Agency      19th November 2018 State-owned power utility Eskom needs a firm plan of action to make it more efficient and productive and its monopoly on electricity must be broken, the main opposition Democratic Alliance (DA) said on Monday. Eskom was forced to implement an emergency blackout on Sunday, referred to as stage one... 

Eskom’s monopoly plunging South Africa into power shortages – DA

The battery boom to attract $620bn in investment by 2040

By: Bloomberg     19th November 2018 The battery boom is coming to China, California and basically everywhere else – and it will be even bigger than previously thought. The global energy-storage market will surge to a cumulative 942 GW by 2040, according to a new forecast from Bloomberg NEF published on November 13, and that growth... 

Eskom is said to base executive revamp on consultant work

By: Bloomberg     19th November 2018 Eskom is proposing executive job cuts and a reorganisation of management units in an effort to improve the South African utility’s financial position, according to a document seen by Bloomberg. Eskom, which produces about 90% of the nation’s electricity, hired Boston Consulting Group earlier... 

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