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Radebe says IRP to be finalised in March and promises to address IPP issues soon 

By: Terence Creamer     19th February 2019 Energy Minister Jeff Radebe listed the finalisation of the Integrated Resource Plan (IRP) for electricity as South Africa’s main energy priority and indicated on Tuesday the policy should be approved in March. Speaking on the sidelines of the 2019 edition of Africa Energy Indaba he said he would... 

Radebe says IRP to be finalised in March and promises to address IPP issues soon
Energy Minister Jeff Radebe

Load-shedding 'extremely dangerous' to local auto sector, warns Naamsa chairperson 

By: Irma Venter     19th February 2019 Load-shedding is “extremely dangerous” to the local automotive industry, says Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby. Kirby is also chairperson of the National Association of Automobile Manufacturers of South Africa (Naamsa). 

Load-shedding 'extremely dangerous' to local auto sector, warns Naamsa chairperson
TSAM president and CEO Andrew Kirby

Nampak marks 50 years on JSE amid moves to streamline and reduce environmental footprint 

By: Terence Creamer     19th February 2019 Packaging group Nampak, which celebrated 50 years on the JSE on February 19, is a markedly different business from the one that has its roots in a cardboard box-making factory established by John Herzberg in Waterkant Street, Cape Town, in 1918. Rising levels of automation across a portfolio of... 

Nampak marks 50 years on JSE amid moves to streamline and reduce environmental footprint

AfDB optimistic about Eskom’s turnaround prospects

By: Terence Creamer     19th February 2019 The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News... 

AfDB optimistic about Eskom’s turnaround prospects
Photo by Creamer Media
AfDB power, energy, climate and green growth complex VP Amadou Hott

Regional development focus necessary for Africa’s energy future – panel

By: Marleny Arnoldi     19th February 2019 A number of trends and influences are driving change in the energy sector, with the collective drive towards a safer, more environment-friendly, reliable and sustainable future. Leading a panel discussion at the Africa Energy Indaba, on Tuesday, Strategic Concepts chairperson Sean Cleary said the... 

Digitalisation could facilitate energy access, efficiency in Africa – panel

By: Marleny Arnoldi     19th February 2019 Digitalisation within the African energy sector is accelerating at a rapid rate, creating demand for innovation and adaptation to new market technologies and the development of new skill sets within organisations, Trade and Industry Policy Strategies executive director Saul Levin told delegates... 

Digitalisation could facilitate energy access, efficiency in Africa – panel

Parliament approves long-delayed Carbon Tax Bill

By: Reuters     19th February 2019 Parliament on Tuesday approved the long-delayed Carbon Tax Bill as it seeks to reduce harmful carbon emissions in Africa's most industrialised and polluting country. Big energy users including Sibanye-Stillwater and ArcelorMittal's local unit have opposed plans by South Africa to enact carbon tax... 

Defence group Denel to seek investment partners – CEO

By: Reuters     19th February 2019 State-owned defence group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said on Tuesday. The company has also asked the government for financial support to help underpin a strategy its board approved last week,... 

Paramount secures armoured vehicle contract with UAE

By: Nadine James     19th February 2019 South African defence and aerospace company Paramount Group has secured a contract with the United Arab Emirates (UAE) for its next generation armoured personnel carrier – Mbombe 4, which was unveiled at defence and security expo IDEX 2019, being held in the Middle East this week.  Manufactured... 

Paramount secures armoured vehicle contract with UAE
Ivor and Eric Ichikowitz

M&R expects significant improvement in interim HEPS

By: Nadine James     19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Clough set to acquire Saulsbury’s oil and gas unit, EPC portfolio

By: Nadine James     19th February 2019 Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury’s Gulf Coast downstream and chemical business unit, as well as its EPC portfolio, for $5.2-million.  In the statement issued on Tuesday, M&R CE Henry Laas... 

Retrenchments at South32’s Hillside smelter could affect up to 500 jobs – Solidarity

By: Nadine James     19th February 2019 Trade union Solidarity on Tuesday said it had received a retrenchment notice from South32’s Hillside aluminium smelter, in Richards Bay. The trade union stated that the retrenchment process could impact the lives of up to 30 000 people and, consequently, the entire Richards Bay area. 

Air cargo sector essential for Africa but needs infrastructure and regulatory reform

By: Rebecca Campbell     19th February 2019 Air transport would play a crucial role in the growth of intra-African trade, because of the poor terrestrial communications across the continent and the number of landlocked countries it contains. So affirmed South African Airways (SAA) CEO Vuyani Jarana in his keynote address at the opening of... 

Comair continues to perform well, despite setbacks in Q1 of FY19

By: Simone Liedtke     19th February 2019 Despite the technical recession in the first quarter of its financial year, South African aviation group Comair performed well to deliver a record 12% increase in revenue for the interim period ended December 31, 2018. However, the company said on Tuesday that the revenue growth was offset by... 

Saldanha Bay IDZ concludes R3bn in investment deals

By: African News Agency      19th February 2019 The Saldanha Bay Industrial Development Zone has concluded investment agreements, which bring the total of signed investors to eight and the investment value to just over R3-billion. This investment includes five international investors from the United Kingdom, Europe, the Middle East and... 

Balwin Rentals to acquire 4 544 rental apartments

By: Nadine James     19th February 2019 JSE-listed Balwin Properties’ subsidiary Balwin Rentals has secured a right of first refusal to acquire 4 544 rental apartments that will be developed by Balwin. The developments are Greenpark, comprising 1 056 apartments, in Boksburg, which is expected to be completed by December 2021; Greenlee,... 

Sun Exchange signs fund agreement with Decentral Energy for solar projects

By: Schalk Burger     19th February 2019 Solar-generation microleasing platform Sun Exchange on Tuesday announced that it had signed an agreement with Johannesburg-based boutique clean energy fund manager Decentral Energy, said Sun Exchange founder and CEO Abe Cambridge. The agreement gives Decentral’s Grovest Energy, an Income Tax Act... 

Sun Exchange signs fund agreement with Decentral Energy for solar projects
473 kW Nioro Plastics solar project

Brazil iron-ore tragedy brings home reality of mining risk – Kumba  

By: Martin Creamer     19th February 2019 Following 58 mineworkers suffering fatal occupational accidents in South Africa in 2018, Kumba Iron Ore CE Themba Mkhwanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of life at Brumadinho, in Brazil, as a result of an iron-ore tailings dam collapse that killed 134... 

Price premiums boosting quality-focused Kumba Iron Ore  

By: Martin Creamer     19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... 

Mining Weekly Online’s Martin Creamer reports on Kumba Iron Ore. Video: Creamer Media’s Nicholas Boyd.

Don't trample on workers, Cosatu pleads in march to Parliament 

By: News24Wire      19th February 2019 The Congress of South African Trade Unions (Cosatu) marched to Parliament on Tuesday – the day before Finance Minister Tito Mboweni is set to deliver his maiden Budget – to call for job security and an end to retrenchments.  The trade union federation held marches in eight of South Africa's nine... 

 Don't trample on workers, Cosatu pleads in march to Parliament

Ramaphosa’s big growth plan threatened by power cuts

By: News24Wire      19th February 2019 A major 18-sector growth initiative is imperilled by power cuts now ripping up the economy, warns one of the architects of President Cyril Ramaphosa's signature growth strategy. At the State of the Nation Address (SoNA), Ramaphosa said the Public Private Growth Initiative, stewarded by Minister... 

 Ramaphosa’s big growth plan threatened by power cuts
President Cyril Ramaphosa

SAA in talks to roll over $650m of debt

By: Reuters     19th February 2019 State-owned airline is in talks with lenders about rolling over $650-million of debt due next month, its finance chief said on Monday, a move that would give the struggling company breathing space to push through a turnaround plan. President Cyril Ramaphosa has made a point of supporting ailing... 

Kumba pays dividend, boosts safety, explores, creates local jobs

By: Martin Creamer     19th February 2019 Product-improving  Kumba Iron Ore generated hefty operational cash flow, paid a competent final 2018 cash dividend, pressed on with exploration in a new area and supported the creation of 2 600 new jobs in the local community, during a fatality-free, safety-boosted year, characterised by higher... 

Kumba pays dividend, boosts safety, explores, creates local jobs
Kumba Iron Ore CE Themba Mkhwanazi

Africa has opportunity to supply more gas to China

By: Marleny Arnoldi     18th February 2019 Gas demand is expected to overtake coal demand globally by 2030, says Standard Bank Southern Africa oil and gas head Paul Eardley-Taylor. Speaking at Africa Gas Forum, on Monday, he stated that global energy demand was increasing by 1.3% a year, while gas demand was increasing at between 1.7% and... 

Aveng to sell Infraset to Colossal Africa Consortium

By: Tasneem Bulbulia     18th February 2019 JSE-listed Aveng has entered into a binding term sheet for the sale of the Aveng Infraset businesses, comprising the South African division and the Infraset business of the foreign subsidiaries of Aveng Africa, to the Colossal Africa Consortium. Infraset was identified as a noncore asset during... 

Adcock Ingram, Cipla awarded portions of State’s ARV tender

By: Tasneem Bulbulia     18th February 2019 Pharmaceutical manufacturers Adcock Ingram and Cipla have each secured a portion of a tender to provide State-run hospitals with antiretroviral (ARV) medicines over a three-year period from July 1. Adcock was awarded a 12% share of the ARV tender.   

High-flying Amplats sets ‘next wave of strategy’ in motion 

By: Martin Creamer     18th February 2019 Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set its “next new wave of strategy” in motion, which involves extracting the full potential from its operations through people and... 

High-flying Amplats sets ‘next wave of strategy’ in motion
Photo by Creamer Media Chief Photographer Dylan Slater
Anglo American Platinum CEO Chris Griffith

Brian Dames: Why I stepped down from the Eskom task team

By: News24Wire      18th February 2019 Former Eskom CEO Brian Dames said in order to maintain a high standard of ethics, he stepped down from the presidential task team on Eskom when a perceived conflict of interest arose. Dames was speaking alongside SA billionaire Patrice Motsepe at a briefing at the African Energy Indaba held in... 

 Brian Dames: Why I stepped down from the Eskom task team
Photo by Creamer Media
Former Eskom CEO Brian Dames

Africa must have clear plan for using its gas reserves

By: Marleny Arnoldi     18th February 2019 It is vital that Africa has a clear and cohesive vision in place for how it plans to use its gas reserves, says New Partnership for Africa's Development Business Foundation senior project manager John Rocha. Speaking at the Africa Gas Forum, on Monday, he pointed out that African countries have... 

Motsepe rejects Eskom conspiracy claims as ‘ridiculous’, but admits to ‘serious’ perception problem 

By: Terence Creamer     18th February 2019 Black business luminary Patrice Motsepe has labelled as “ridiculous” a recurring allegation that African Rainbow Energy & Power (AREP) is part of an unscrupulous plan to collapse Eskom and supplant the State-owned power utility with independent power producers (IPPs), in which the business would... 

Motsepe rejects Eskom conspiracy claims as ‘ridiculous’, but admits to ‘serious’ perception problem
Photo by Creamer Media
AREP chairperson Patrice Motsepe

Denel explores new growth opportunities in the Middle East, North Africa

By: African News Agency      18th February 2019 State arms company Denel said on Monday it was attending a major global defence exhibition in Abu Dhabi this week to explore new growth opportunities for business in the Middle East and North Africa. Denel said its innovative products and systems would form the centrepiece of the South African... 

Vukile appoints Laurence Cohen CFO designate

By: Tasneem Bulbulia     18th February 2019 Real estate investment trust (Reit) Vukile Property Fund has appointed Laurence Cohen as CFO designate, effective March 1. He will succeed Vukile’s FD Mike Potts and be appointed to the Vukile board of directors on July 1, after Potts’ planned retirement on June 30. 

Vukile appoints Laurence Cohen CFO designate
Laurence Cohen

President Ramaphosa 'urgently' looking into e-tolls, says Makhura 

By: African News Agency      18th February 2019 Gauteng Premier David Makhura on Monday again assured residents in the province that the unwanted e-tolling system was receiving attention from national government. "While the user-pay principle is not in question, there is clear recognition that urban tolling increases the cost of living and is... 

 President Ramaphosa 'urgently' looking into e-tolls, says Makhura

Black farmers urge Mboweni not to hike excise taxes

By: African News Agency      18th February 2019 The recently launched Black Tobacco Farmers Association (BTFA) on Monday called for government to keep excise taxes at their current level as finance minister Tito Mboweni readies to table his maiden Budget this week.  BTFA said their call to action was inspired by the SA Revenue Service's (Sars)... 

Black farmers urge Mboweni not to hike excise taxes
Finance Minister Tito Mboweni

SAA not splitting up, but plans to change operating model – spokesperson

By: News24Wire      18th February 2019 State-owned airline South African Airways (SAA) will not be broken up into three separate entities, but does plan to change its operating model, according to SAA spokesperson Tlali Tlali.  Tlali was responding to a news headline stating CEO Vuyani Jarana said on Monday the cash-strapped airline... 

 SAA not splitting up, but plans to change operating model – spokesperson

Makhura envisages Gauteng as a 'single, multitier, mega-SEZ' 

By: Natasha Odendaal     18th February 2019 As Gauteng Premier David Makhura delivered his last State of the Province Address, on Monday, he envisaged a future wherein Gauteng would grow into a single, multitier, mega-special economic zone (SEZ). Addressing the province, he said South Africa’s most populous province should be raised one... 

Makhura envisages Gauteng as a 'single, multitier, mega-SEZ'
Photo by Creamer Media
Gauteng Premier David Makhura

70 schools in SA red-flagged for structural defects

By: News24Wire      18th February 2019 A tragedy similar to the one at Hoërskool Driehoek is possible at 70 schools in South Africa, after they were red-flagged for structural defects. On February 1, the country mourned the death of four pupils after a concrete slab above a corridor at Hoërskool Driehoek in Vanderbijlpark collapsed.... 

SAA to reorganise in turnaround drive

By: Reuters     18th February 2019 Struggling State-owned airline, South African Airways (SAA) will reorganise into three business units as part of a revamp plan that could also involve the partial sale of its catering unit, its chief executive officer said on Monday. Vuyani Jarana said during a briefing that South African Airways... 

SAA to reorganise in turnaround drive

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