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Radebe insists IRP to be approved soon, amid Nedlac uncertainty 

By: Terence Creamer     18th January 2019 Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan (IRP) for electricity, despite persistent suggestions that National Economic Development and Labour Council (Nedlac) sign-off of the document is still... 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty

Aveng sells noncore Aveng Water business  

By: Tasneem Bulbulia     18th January 2019 JSE-listed Aveng will sell Aveng Water and the Aveng Namibia Water business to Cambrose 735, a special purpose vehicle incorporated as a private company, Infinity Partners, for the purpose of the transaction, for R95-million. Infinity Partners is a 100% black-owned company jointly held by... 

Aveng sells noncore Aveng Water business

Clough JV selected as preferred tenderer for civil works at Australian hydropower project 

By: Creamer Media Reporter      18th January 2019 The Clough Salini Joint Venture (JV) has been selected as the preferred tenderer for about A$4-billion worth of civil works packages for the Snowy 2.0 project – a multiyear infrastructure project. Clough is a wholly owned subsidiary of Murray & Roberts and has a 35% shareholding in the JV. 

Location a key discussion point as Saudi Aramco mulls South African refinery investment

By: Terence Creamer     18th January 2019 “Location, location, location,” South Africa’s Minister Jeff Radebe quipped on Friday after a meeting with his Saudi counterpart, Khalid Al-Falih, where it was agreed that Saudi Aramco and the Central Energy Fund (CEF) would jointly study a plan for a new oil refinery and petrochemical investment... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment
Kingdom of Saudi Arabia’s Energy, Industry and Mineral Resources Minister Khalid Al-Falih with South Africa's Energy Minister Jeff Radebe

Policy uncertainty index remains in negative territory – NWU

By: Tasneem Bulbulia     18th January 2019 The North West University (NWU) Business Schools’ Policy Uncertainty Index (PUI) remained in negative territory in the fourth quarter of 2018. The business school noted that the country’s economy had moved out of recessionary territory, but that economic recovery was slow and patchy. 

SA has good policies but lacks implementation – Trade and Industry official

By: African News Agency      18th January 2019 South Africa has some of the best economic policies in the world but fails when it comes to implementing them, a senior government official said on Friday. The deputy director-general of special economic zones and economic transformation at the department of trade and industry Sipho Zikode also... 

SA has good policies but lacks implementation – Trade and Industry official

E-toll contract not renewed but extended – Electronic Toll Collection

By: News24Wire      18th January 2019 The Electronic Toll Collection (ETC) says its Gauteng e-toll contract with the South African National Roads Agency (Sanral) has been extended - not renewed. It says the extension was made as per the provisions of the contract entered into between the parties in 2009. This was after the Democratic... 

President signs into law three 2018 tax Bills

By: Tasneem Bulbulia     18th January 2019 President Cyril Ramaphosa has signed into law three 2018 tax Bills that give legislative effect to the tax proposals announced by former Finance Minister Malusi Gigaba in his yearly National Budget Speech on February 21, 2018, the National Treasury announced in a statement on Friday. These are... 

South African-built Hilux wins Dakar 2019

By: Irma Venter     18th January 2019 A South African-built bakkie has clinched the 2019 Dakar rally. Driven by Qatari driver Nasser Al Attiyah and French co-driver Mathieu Baumel, the Toyota Gazoo Racing South Africa’s (SA’s) Hilux powered to the checkered flag on Thursday, nearly 47 minutes clear of second-place Nani Roma and Alex... 

South African-built Hilux wins Dakar 2019
Mathieu Baumel, Glyn Hall and Nasser Al Attiyah

Inside one of Joburg’s flagship urban renewal projects

By: Dylan Slater     18th January 2019 Urban property fund Divercity is helping City of Johannesburg mayor Herman Mashaba to realise his concept of restoring the Johannesburg central business district (CBD) to a degree of its former glory, as well as his wish to “turn Johannesburg into a construction site”, with old buildings being... 

Inside one of Joburg’s flagship urban renewal projects

Evolution II Fund closes $41m funding round

By: Tasneem Bulbulia     18th January 2019 Africa-focused investment advisory firm Inspired Evolution led a $41-million equity investment by its Evolution II Fund and other consortium partners into Africa-focused solar business d.light. Evolution II invested $18-million alongside $10.6-million from the Dutch Development Bank FMO,... 

Roads Agency Limpopo accepts CEO's resignation

By: African News Agency      18th January 2019 Provincial road infrastructure delivery parastatal Roads Agency Limpopo said on Friday it had accepted the resignation of CEO Maselaganye Matji with effect from March 31, for personal reasons. Matji was appointed on a five-year contract ending February 2020 after the agency was effectively... 

How the cargo ship industry is cleaning up its filthy act

By: Bloomberg     18th January 2019 Air pollution from cars and factories has been regulated in much of the world since the 1970s. When it comes to the smoke-belching ships that carry global trade, the rules have been a lot looser. Big changes start next January, though, when long-debated standards from the International Maritime... 

IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      18th January 2019 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

Drought, animal disease threaten South African farmers

By: Reuters     Updated 27 minutes ago South African grain and red meat farmers are bracing for hard times after dry weather conditions and an outbreak of the highly contagious foot and mouth disease suspended meat exports, officials said on Friday. Maize prices have climbed amid concerns that dry conditions in the main part of South... 

Saudi Arabia plans oil refinery, petrochemicals plant in South Africa

By: Reuters     18th January 2019 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10-billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said on Friday. In comments following a meeting with South Africa's energy minister Jeff Radebe in Pretoria, Al-Falih... 

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

By: African News Agency      18th January 2019 State-owned electricity utility Eskom is grappling with a coal supply shortfall at several power stations with long term contracts coming to an end, a senior company executive has said. South Africa is also experiencing lack of new mining investments in large scale coal mines and execution of... 

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

No pleasantries as KZN consumers challenge Eskom’s proposed tariff increase

By: African News Agency      18th January 2019 Instead of granting increases to Eskom’s “fat cats”, the state-owned energy supplier should be told to reclaim money stolen through corruption, representatives from the National Energy Regulator of South Africa (Nersa) were told on Thursday. “We propose a radical shift in how electricity is... 

South Africa’s electricity sector 

18th January 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Eskom’s latest tariff applications, its debt burden and what South Africa needs to ensure the future sustainability of its electricity supply. 

South Africa’s electricity sector

R35m clothing firm to stimulate textile sector in KZN

By: Marleny Arnoldi     17th January 2019 Trade and Industry Deputy Minister Bulelani Magwanishe and KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala will, on January 22, launch a multimillion-rand textile firm Africa Bespoke Apparel (ABA), in KwaZulu-Natal. ABA is a 100%-black owned company... 

AEMFC says will submit bid for Optimum assets

By: Marleny Arnoldi     17th January 2019 An African Exploration Mining and Finance Corporation- (AEMFC-) led consortium on Thursday announced that it would submit a bid for the Optimum Coal assets, which are currently in business rescue. State-owned AEMFC believed the Optimum Coal transaction would be fundamental to the country’s... 

AEMFC says will submit bid for Optimum assets
Coal stockpile

DoL launches formal inquiry into roof collapse at KZN building

By: Marleny Arnoldi     17th January 2019 The Department of Labour (DoL) has set up a formal inquiry into the collapse of a structure that was under construction last year on the premises of Imperial Logistics, in Durban. The collapse led to the death of four employees and the injury of four others.  

Group Five to sell Everite, Sky Sands subsidiaries for R480m

By: Creamer Media Reporter      17th January 2019 Construction firm Group Five will sell its Everite and Sky Sands subsidiaries to a consortium comprising Trinitas Private Equity and Agile Capital for R480-million. The subsidiaries form part of the firm's manufacturing cluster. 

African entities urged to be proactive in growing the continent's economies  

By: Tasneem Bulbulia     17th January 2019 Africa is sitting on the financial periphery and the onus is on entities on the continent to take proactive measures to grow countries’ economies and drive market reforms, Deloitte Africa Emerging Markets MD Dr Martyn Davies said on Thursday. Speaking at the Deloitte Africa in 2019 Outlook... 

Deloitte Africa Emerging Markets MD Dr Martyn Davies outlines the strategy African entities should take this year to bolster economies on the continent. Video and editing: Nicholas Boyd.

Outa, WSSA call for establishment of independent water regulator

By: Marleny Arnoldi     17th January 2019 The Organisation Undoing Tax Abuse (Outa) and Water Shortage South Africa (WSSA) says South Africa is in need of an independent water regulator. The organisations agree that the Department of Water and Sanitation (DWS) is failing to effectively regulate the country’s water sector and requires a... 

Outa, WSSA call for establishment of independent water regulator

SARB holds rate as CPI outlook improves 

By: Reuters     17th January 2019 South Africa's central bank kept its benchmark repo rate unchanged as expected at 6.75% on Thursday, saying it had taken note of an improvement in the near-term inflation outlook. Governor Lesetja Kganyago said a significant drop in international oil prices and a less depreciated rand exchange... 

SARB holds rate as CPI outlook improves

Kenya's Safaricom's overdraft service exceeds expectations – CEO

By: Reuters     17th January 2019 Kenya's biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO's expectations, he said on Thursday. Started 11 years ago as a service to allow Kenyans without access to the banking network to... 

Investec, UK Climate Investments kickstart renewable energy vehicle with R1bn

By: Marleny Arnoldi     17th January 2019 Investec Bank and UK Climate Investments have committed a combined R1-billion to a dedicated renewable energy investment vehicle Revego Africa Energy. Revego Fund Managers (RFM) – a newly incorporated black-owned and managed fund manager – will be responsible for managing Revego’s investments... 

Tulisa cleared of cable price-fixing charges

By: Marleny Arnoldi     17th January 2019 The Competition Tribunal has dismissed a case of price fixing against power cable manufacturer Tulisa, after finding that there was insufficient evidence to show the company had been part of a cartel that had allegedly sought to fix the price of power cables from 2001 to 2010. At the time of... 

US urges Zimbabwe military to practice restraint amid protests

By: African News Agency      17th January 2019 The United States Embassy in Harare on Thursday expressed concern over reports of violence in parts of Zimbabwe, urging all parties to exercise restraint. "We condemn any disproportionate use of force and call on Zimbabwe’s security forces to respond to civil unrest professionally and with... 

Climate change threatens to make your morning brew more expensive

By: Bloomberg     17th January 2019 Coffee farmer Masumi Kondo wrapped himself in a cosy blanket on cool nights in the 1970s when he began growing the crop in the Franca region of Brazil’s Sao Paulo state. Now, thanks to persistently warmer weather, he needs an air conditioner. It’s not just the sleeping habits of farmers... 

Ghosn ouster from Renault nears as France abandons car titan

By: Bloomberg     17th January 2019 France is turning on Carlos Ghosn almost two months after his arrest in Tokyo, eliminating one of the executive’s last potential allies within the global auto alliance he has held together for almost two decades. The French government has called for Ghosn’s dismissal as chairman and chief... 

First Oxford Parks building completed

By: Marleny Arnoldi     17th January 2019 Construction of the Oxford Parks development, in Rosebank, has progressed, with the first building, built by Concor Buildings to serve as the new head office of oil company BP South Africa, completed. The 4-star green rated building is part of Phase 1 of the Oxford Parks vision, which will... 

First Oxford Parks building completed
Oxford Parks Phase 1 building one - BP South Africa's head office

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts 

By: Terence Creamer     17th January 2019 Having determined the procurement of 1 064 diesel and electric locomotives to be “irregular and unlawful”, Transnet has communicated its intention to review contracts awarded to four original equipment manufacturers (OEMs) in 2015. The State-owned freight logistics group has also indicated that... 

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts
Photo by Dylan Slater
Transnet chairperson Dr Popo Molefe

Alstom warns Siemens rail deal could be blocked by Europe

By: Bloomberg     17th January 2019 Alstom and Siemens’s planned rail merger appeared to be increasingly in danger of collapse, with the French company warning of a possible block by European antitrust regulators and its former German rival said to be considering alternatives for its business. “It’s a very frustrating moment for... 

Vaal river system water levels show year-on-year decline

By: Natasha Odendaal     17th January 2019 The water levels across the 14 dams forming part of the Integrated Vaal River System (IVRS) continue to decline. A Department of Water and Sanitation statement on Thursday indicates that the high temperatures and above normal water use in recent days have resulted in a decrease in water levels to... 

Agrizzi shows inquiry video of Bosasa bosses counting money for ACSA tender bribe

By: African News Agency      17th January 2019 Former Bosasa chief operating officer Angelo Agrizzi on Thursday showed the commission probing state capture a video in which businessman Gavin Watson counted money allegedly used to pay a bribe to secure a R14 million a month contract from the Airports Company of South Africa (ACSA). Continuing... 

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