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Ramaphosa appoints high-level Eskom sustainability task team to resolve problems

By: African News Agency      14th December 2018 President Cyril Ramaphosa has appointed a high-level task team to come up with solutions to the many challenges that Eskom faces, the Presidency said in a statement on Friday. And as a signal of the urgency of its task, the President has asked the Eskom sustainability task team to submit initial... 

 Ramaphosa appoints high-level Eskom sustainability task team to resolve problems
Photo by Creamer Media
Former Eskom CEO Brian Dames

Eskom evaluating bids for mortgage business

By: Reuters     15th December 2018 Cash-strapped power utility Eskom is evaluating bids for its finance company that specialises in mortgage lending to employees, its spokesman said on Friday. State-run Eskom is scrambling to keep the lights on in Africa's most advanced economy and has been implementing frequent controlled power... 

Enforcing local procurement rules would help offset weak demand  

By: Terence Creamer     14th December 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) wants government to take decisive action in 2019 to ensure that departments and State-owned companies (SoCs) honour their obligations to purchase designated steel products from domestic manufacturers. The organisation is also... 

Seifsa CEO Kaizer Nyatsumba reflects back on 2018 and offer insight into prospects for the metals and engineering sector n 2019. Camera Work & Editing: Nicholas Boyd

Eskom debt swap not an option – Ramaphosa 

By: Reuters     14th December 2018 A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa's President Cyril Ramaphosa said on Thursday, adding there was a need to look at other options to shore up the company's balance sheet. Eskom, which has had to implement power cuts due to... 

Electric trucking no silver bullet, but pace of development picking up 

By: Irma Venter     14th December 2018 Perusing the floor of the 67th IAA commercial vehicle fair, held in Hannover, Germany, in September, it was clear that the electric truck (ET) is not just a passing fancy. Yes, the so-called electric revolution may not happen in the next year, and not yet for long-distance, heavy-duty deliveries,... 

Electric trucking no silver bullet, but pace of development picking up

Denel's accounts littered with flaws – Auditor General

By: Reuters     14th December 2018 Shoddy and incomplete accounting at South Africa's troubled state-run arms firm Denel left the country's Auditor General unable to make a judgement on the soundness of its most recent financial statements, according to the firm's annual report. In the report the Auditor General listed more than... 

Transfer of Eskom's debt to South African government credit neutral – Moody's

By: Reuters     14th December 2018  Power utility Eskom's request for government to take up R100-billion of its debt could cause the country's overall debt ratio to jump two%age points from the current 55.8%, ratings agency Moody's said on Friday. Moody's, the last of the top three ratings firms to still rate Pretoria's debt at... 

Air cargo revenue to increase by 5% in 2019, despite trade friction

By: Nadine James     14th December 2018 Air cargo revenue is expected to increase by about 5% to $116-billion in 2019, despite potential escalations in the US-China trade war and the uncertainty surrounding Brexit, International Air Transport Association (Iata) chief economist Brian Pearce told attendees of the Iata Cargo Day, in... 

Johannesburg mayor urges Ramaphosa to intervene in housing funding row

By: African News Agency      14th December 2018 Johannesburg mayor Herman Mashaba on Friday said the provincial government had reduced the city’s Human Settlements Development Grant (HSDG) funding by R180-million for the current financial year, a move he said would worsen its housing crisis, and urged President Cyril Ramaphosa to intervene.... 

Kingon’s term as Sars acting Commissioner extended for 90 days

By: Tasneem Bulbulia     14th December 2018 Finance Minister Tito Mboweni has reappointed Mark Kingon as acting Commissioner of the South African Revenue Service (Sars) for a further 90 days, beginning December 13, or until such date as a new Commissioner for Sars is appointed by the President. Section 7 of the Sars Act empowers the... 

Kingon’s term as Sars acting Commissioner extended for 90 days

Foreign direct investment in South Africa down in Q3, portfolio flows up

By: Reuters     14th December 2018 South Africa's foreign direct investment inflows fell by nearly R3-billion in the third quarter, the central bank said on Friday in its quarterly bulletin, as foreign firms sent less money to local subsidiaries. South Africa's direct investment liability fell to R27.9-billion from R31.6-billion,... 

Aerospace industrial park should receive new tenants in four months

By: Rebecca Campbell     14th December 2018 The Centurion Aerospace Village (CAV) industrial park could be transformed from a national State-owned non-profit entity into a Gauteng Provincial Government-owned for-profit company, CAV CEO Lance Schultz told “Engineering News Online” on Thursday. “We are conducing a due diligence into our... 

PRASA closes Pretoria station for 40 days for maintenance

By: News24Wire      14th December 2018 If you take a train from Metrorail's Bosman station in Pretoria as part of your commute to work, you'll need to consider other modes of transport. The Passenger Rail Agency of South Africa (PRASA) will be carrying out maintenance at the station, completely closing it to the public for at least 40... 

US to counter China, Russia influence in Africa – Bolton

By: Reuters     14th December 2018 The United States plans to counter the rapidly expanding Chinese and Russian economic and political influence in Africa, US national security adviser John Bolton said on Thursday, calling business practices of the two nations "corrupt" and "predatory." Washington's No 1. priority will be... 

SACAA suspends CemAir’s air operator certificates

By: Tasneem Bulbulia     14th December 2018 CemAir can no longer operate as an airline or air operator or fly any of its 21 aircraft, following a decision by the South African Civil Aviation Authority (SACAA) to suspend two of the airline’s air operator certificates (AOCs). The suspension became effective at around 15:30 on December 13. 

Tongaat to make CEO announcement next month

By: Creamer Media Reporter      14th December 2018 JSE-listed agriculture and agroprocessing group Tongaat Hulett is finalising the appointment of a permanent CEO and said on Friday that it would make an announcement before the end of January. Sydney Mtsambiwa is currently interim CEO, following retirement of long-serving CEO Peter Staude on... 

Ministers work around the clock to strengthen global climate deal

By: Reuters     14th December 2018 Ministers are working around the clock to complete and strengthen the rules for making a landmark agreement to combat climate change operational, with one day of talks remaining. Delegates from nearly 200 nations are on a self-imposed deadline to produce a "rule book" to flesh out details of... 

Aspen says on track to dispose of baby milk business

By: Reuters     14th December 2018 Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35% within a week after it announced the sale of its infant formula business in September to French company Lactalis... 

Fourways office park goes solar

By: Tasneem Bulbulia     14th December 2018 To convert Willow Wood Office Park, in Fourways, Gauteng, to using solar energy, Heartwood Properties has partnered with SolarSaver, which offers a rent-to-own model that does not require any capital outlay, to reduce the building’s footprint and save on electricity costs. All indications are... 

Fourways office park goes solar
Willow Wood solar

Sandton Central introduces sensory pedestrian crossing traffic signal

By: Tasneem Bulbulia     14th December 2018 Sandton Central Management District has introduced new initiatives at Sandton Central, that of traffic signals that improve streets for pedestrians, including those with impaired vision, and all other road users. Working closely with the Johannesburg Roads Agency (JRA), Sandton Central, which is... 

Sandton Central introduces sensory pedestrian crossing traffic signal
Audible lights will soon be installed at the corner of Katherine St and Rivonia Rd, Sandton Central

Maluti Crescent Shopping Centre Phase 1 complete

By: Tasneem Bulbulia     14th December 2018 Maluti Crescent Shopping Centre, formerly Setsing Crescent in Phuthaditjhaba, in the Free State, has unveiled the first part of its major redevelopment and expansion undertaken by JSE-listed retail real estate investment trust Vukile Property Fund; and is well on track for its official launch on... 

Maluti Crescent Shopping Centre Phase 1 complete
Opening of the taxi rank L-R: Maluti Crescent community liaison officer Elias Mokoena, Vukile Property Fund’s Johan le Roux, Maluti Crescent Shopping Centre manager Jeffrey Motloung, Local Economic Development MMC at Maluti-a-Phofung local municipality Mojalefa Naledi, Maluti-a-Phofung local municipality mayor Gilbert Mokotso and Qwa Qwa United Taxi Association chairlady Matshidiso Rachel Nteu

Cape Town agrees to transfer R114.3m Salt River site for 10% of its value for housing

By: News24Wire      14th December 2018 The City of Cape Town has agreed, "in principle", to sell the Salt River Market site to a "social housing institution (SHI)" for 10% of its market value for an 820 unit mixed-use development, it announced on Thursday. "I'm elated by Council's decision to agree, in principle, to transfer this... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      14th December 2018 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

Cabinet to assess municipal electricity debt management plan in Feb

By: Marleny Arnoldi     13th December 2018 The Department of Cooperative Governance and Traditional Affairs (CoGTA) on Thursday said Cabinet would, in February, consider a detailed implementation plan to deal with the more than R14-billion in debt owned by municipalities to power utility Eskom. This plan is part of CoGTA’s municipal... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole 

By: Terence Creamer     13th December 2018 State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole
Photo by Dylan Slater
Primary energy division GM Dan Mashigo

Emira highlights good demand, pricing for debt refinancing programme

By: Tasneem Bulbulia     13th December 2018 Emira Property Fund has, to date, successfully refinanced more than R1.2-billion of its debt maturing in the current financial year ending June 30, 2019, and is experiencing “keen demand and favourable pricing” in the process, the company noted in a statement on Thursday. In September, the... 

Emira highlights good demand, pricing for debt refinancing programme
Emira CFO Greg Booyens

DEA launches climate change monitoring app at UN climate change conference

By: Marleny Arnoldi     13th December 2018 The Department of Environmental Affairs (DEA) on Friday launched the South Africa Biennial Update Report Explorer (BURE) app on the sidelines of the United Nations Framework Convention on Climate Change conference in Katowice, Poland. The BURE app is part of South Africa’s Climate Change... 

Eskom signs R1.5bn AFD loan agreement 

By: Tasneem Bulbulia     13th December 2018 Eskom and Agence Française de Développement (AFD) on Thursday signed a R1.5-billion loan agreement to support the electricity utility’s investments in extending and strengthening its power transmission grid along the west coast of South Africa. This loan constitutes the first tranche of a... 

ATNS launches 3D mobile simulator

By: Marleny Arnoldi     13th December 2018 Transport Minister Dr Blade Nzimande on Thursday unveiled Air Traffic and Navigation Services’ (ATNS’) new three-dimensional (3D) mobile simulator during the commemoration of the annual International Civil Aviation Day, in Mbombela, Mpumalanga. ATNS chairperson Simphiwe Thobela said the 3D... 

Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

By: Reuters     13th December 2018 Lawyers for the Nigerian government said they had filed a $1.1-billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal. The OPL 245 oilfield is also at the heart of an ongoing corruption trial in Milan in which former and... 

Eskom signs R1.5bn loan with French development agency 

By: African News Agency      13th December 2018 Eskom said on Thursday it had signed a loan agreement with the Agence Française de Développement (AFD) for R1.5-billion to extend its transmission grid along the west coast. It is the first tranche of a R6.5-billion loan facility agreed last year. 

Eskom signs R1.5bn loan with French development agency
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

South African students jet off for prestigious six-months internship with Boeing in USA

By: African News Agency      13th December 2018 Two South Africans will be jetting off to the United States next month for the coveted international business intern program (IBIP) at the Boeing Company's head office in Seattle, Washington. The American multinational aircraft maker said the University of Witwatersrand students, Robert Clark and... 

2019 Petco Awards open for nominations

By: Tasneem Bulbulia     13th December 2018 The South African polyethylene terephthalate (PET) industry’s biggest celebration of recycling and waste management excellence, the Petco Awards, are now open for nominations. The awards recognise leadership and future-thinking across the PET industry and beyond in addressing a reduction in, as... 

MTN, Nigerian central bank dispute will be over 'very soon' – regulator

By: Reuters     13th December 2018 The Nigerian telecoms regulator said on Thursday that an $8.1-billion dispute between South African telecoms group MTN and the Nigerian central bank "is being resolved and very soon it will be over." Nigeria's government "is disposed to (an) amicable resolution," Umar Garba Dambatta, executive... 

Japanese trading giant Mitsubishi throws weight behind platinum 

By: Martin Creamer     13th December 2018 The Japanese trading giant Mitsubishi has thrown its weight behind technologies that harness the high-performance characteristics of platinum group metals (PGMs) by joining Anglo American Platinum (Amplats) and South Africa’s Public Investment Corporation (PIC) as an investor in AP Ventures,... 

Japanese trading giant Mitsubishi throws weight behind platinum
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Afrox seeks to improve efficiencies in light of declining growth

By: Tasneem Bulbulia     13th December 2018 Against a backdrop of subdued economic growth during the past two years, which Afrox believes will prevail in the medium term, the company has reviewed its operating model to enable continued growth in earnings, the company said in a trading statement released on Thursday. Particular areas have... 

New Necsa board to consider important issues 

13th December 2018 Creamer Media's Chanel de Bruyn speaks to Creamer Media Senior Deputy Editor Rebecca Campbell about the changes that have been made to the board and management of the South African Nuclear Energy Corporation and what the entity’s new board will need to focus on going forward. 

New Necsa board to consider important issues

Prequalification for construction of Phase 2 works on LHWP to launch in January

By: Marleny Arnoldi     13th December 2018 The Lesotho Highlands Water Project (LHWP) will kick 2019 into gear with the launch in January of the prequalification for construction of the Phase 2 main works of the Polihali dam and Polihali transfer tunnel. “The call for expressions of interest for the construction of the 165-m-high... 

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