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Eskom to fast-track socioeconomic assessments for five coal stations facing closure

By: Terence Creamer     Updated 6 hours ago Public Enterprises Minister Lynne Brown has called on Eskom to urgently complete socioeconomic impact assessments for its coal-fired power stations in Mpumalanga, five of which having been earmarked for decommissioning over the coming five years, owing to flat demand and the introduction of new... 

Eskom to fast-track socioeconomic assessments for five coal stations facing closure

Eskom board probes allegations of impropriety against acting chief executive

By: African News Agency      Updated 6 hours ago Eskom's board on Thursday said it had initiated a probe into allegations that acting CE Matshela Koko’s stepdaughter’s shareholding in Impulse International – a company which won nine tenders from the power utility worth a billion rand. In a statement Eskom said its “board resolved, in its... 

Afrimat Construction Index shows industry far from dead

By: Irma Venter     Updated 5 hours ago Construction activity in South Africa is not as depressed as suggested by the media, large construction firms or industry analysts, says Afrimat CEO Andries van Heerden. Afrimat is a JSE-listed openpit mining company, as well as industrial mineral and construction material supplier. 

Afrimat Construction Index shows industry far from dead
Andries van Heerden

South Africa's Zuma considers stepping down early in deal to oust Gordhan

By: Reuters     Updated 7 hours ago President Jacob Zuma is considering offering to step down next year, at least 12 months before his term as South African president ends, under a deal with opponents in his ruling party that would see Finance Minister Pravin Gordhan leave office now, two senior party sources said. Zuma is due to... 

South Africa's Zuma considers stepping down early in deal to oust Gordhan
Photo by Duane Daws
President Jacob Zuma

Govt gives green light for shale gas fracking in Karoo

By: News24Wire      Updated 4 hours ago The government has given the go-ahead for shale gas development in the Karoo region, Mineral Resources Minister Mosebenzi Zwane said on Thursday. He revealed this during a community engagement on shale gas development in Richmond, in the Northern Cape. 

Africa needs nuclear energy – Rosatom

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

Africa needs nuclear energy – Rosatom
Photo by Duane Daws
Viktor Polikarpov

Solidarity stresses importance of saving South Africa’s steel industry

By: Anine Kilian     Updated 4 hours ago Trade union Solidarity on Thursday emphasised the importance of South Africa’s steel industry, stating that it is a “key enabler of every part of the South African economy – including the automotive, mining, construction, energy and infrastructure sectors, all of which have been identified as... 

Sapvia reiterates call for ‘least-cost’ approach as IRP, IEP public comment deadline looms

By: Natasha Odendaal     Updated 5 hours ago As the deadline for the public participation for the draft Integrated Resource Plan (IRP) and Integrated Energy Plan (IEP) 2016 approaches, the South African Photovoltaic Industry Association (Sapvia) has reiterated its call for the use of the “least-cost” approach in South Africa’s future energy... 

President Zuma needs to reveal reasons for cancelling investor road trip – BLSA

By: Megan van Wyngaardt     Updated 5 hours ago Business Leadership South Africa on Thursday called on President Jacob Zuma to reveal his reasons for cutting Finance Minister Pravin Gordhan’s investor roadshow trip, to the UK, short. “If the President has credible and actionable reasons for the crisis unleashed by his action, he needs to tell... 

SARB keeps interest rate steady

By: News24Wire      Updated 5 hours ago South African Reserve Bank (SARB) governor Lesetja Kganyago announced on Thursday that the bank's Monetary Policy Committee (MPC) has decided to leave the interest rate unchanged at its second meeting this year. The repurchase rate, which is the interest rate at which the Sarb lends money to... 

SARB keeps interest rate steady
Photo by Duane Daws
Reserve Bank governor Lesetja Kganyago

Supply, enterprise development can help businesses meet BEE requirements

By: Megan van Wyngaardt     Updated 5 hours ago South African companies cannot continue with business as usual practices in terms of meeting black economic-empowerment (BEE) targets, as it is no longer just a “tick-box exercise”, panelists at the Inyosi Enterprise and Supplier Development BEE debate said on Thursday. Panelist Leanne... 

Coca-Cola SA supplier development event a ‘lot more than box ticking’

By: African News Agency      Updated 7 hours ago Holding a supplier development conference was a condition linked to its parent company’s establishment last year, but executives from Coca Cola Beverages South Africa (CCBSA) were at pains on Thursday to convince attendees that its inaugural event would achieve a lot more than ticking that box.... 

France sets up new nuclear company as part of restructuring process

By: Keith Campbell     Updated 4 hours ago The latest step in the restructuring of the French nuclear industry was announced on Thursday evening. Areva TA (responsible for propulsion and research reactors) has been separated from its parent company, Areva SA (Société Anonyme) and set up as an independent company in its own right. The new... 

‘Little Foot’ hominid is much younger than originally thought

By: African News Agency      30th March 2017 New research by the University of Johannesburg (UJ) and James Cook University (JCU) in Australia has found that the “Little Foot” hominid is much younger than originally thought. “A human ancestor thought to be 3.7-million years old, should be younger than 2.8-million years, says the newest... 

‘Little Foot’ hominid is much younger than originally thought

Ncondezi progresses JDA with SEP on 300 MW Mozambique power plant project

By: Natasha Odendaal     Updated 6 hours ago Aim-listed Ncondezi Energy is steadily progressing the joint development agreement (JDA) with Shanghai Electric Power (SEP) for its 300 MW power plant project, located near Tete, in northern Mozambique. The agreement, once effective, will see SEP inject $25.5-million to fund the balance of the... 

Wesizwe completes platinum shaft development

By: Martin Creamer     Updated 4 hours ago JOHANNESBURG (miningweekly.com) – China-controlled South African mining company Wesizwe Platinum said on Thursday that it had completed 779 m of service shaft development in the 12 months to December 31. The Johannesburg Stock Exchange-listed company, with R455-million cash on hand as at... 

Wesizwe completes platinum shaft development

Zuma says restitution without compensation won’t lead to land grabs

By: African News Agency      Updated 6 hours ago President Jacob Zuma on Thursday said land restitution without compensation would not end in land grabs, but would restore dignity to poor South Africans. Zuma was responding to a debate in a sitting of the National House of Traditional Leaders in Parliament, and said the return of land to its... 

Zuma says restitution without compensation won’t lead to land grabs
Photo by Duane Daws
President Jacob Zuma

EFF goes to ConCourt to have Zuma impeached

By: African News Agency      Updated 7 hours ago The Economic Freedom Fighters (EFF) would on Thursday approach the Constitutional Court to seek a directive that would order Parliament to impeach President Jacob Zuma. “The court application to the Constitutional Court seeks to order the Speaker of Parliament to institute impeachment or... 

EFF goes to ConCourt to have Zuma impeached

South Deep Reaffirms Rebase Plan 

     30th March 2017 Gold mining major Gold Fields has reinforced its rebase plan for its South Deep mine with renewed focus being put into safety, production and mechanisation.  

South Deep Reaffirms Rebase Plan

R50m budget approved for revitalisation of Ekandustria Industrial Park

By: African News Agency      30th March 2017 The Department of Trade and Industry (the DTI) on Thursday said a budget of about R50-million has been approved to address the first phase of the revitalisation programme of the Ekandustria Industrial Park. The Deputy Director-General for Special Economic Zones and Economic Transformation at the... 

Big boost for platinum as world's mayors tackle urban air pollution

By: Martin Creamer     30th March 2017 The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40... 

Big boost for platinum as world's mayors tackle urban air pollution
World Platinum Investment Council CE Paul Wilson

Eskom considers special pricing deals for energy-intensive companies 

     30th March 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Eskom considering, once again, entering into special pricing deals with energy-intensive firms in light of the energy surplus and stagnant electricity demand. 

Eskom considers special pricing deals for energy-intensive companies

Ford SA expands safety recall to include Fiesta ST

By: News24Wire      30th March 2017 Ford South Africa on Wednesday announced that it had expanded the safety recall of the 1.6-litre GTDi Ecoboost engine to include the Ford Fiesta ST. This after Ford recalled 4 556 Kuga 1.6l Ecoboost models, produced between December 2012 and February 2014, in January following several reports of... 

ANC top six split on whether to fire Gordhan – sources 

By: Reuters     29th March 2017 The top six of South Africa's ruling African National Congress (ANC) are divided down the middle on whether to remove Finance Minister Pravin Gordhan, two sources told Reuters. President Jacob Zuma, who is part of the top six wants to replace Gordhan and has the support of chairperson Baleka... 

ANC top six split on whether to fire Gordhan – sources

SAA, Ethiopian Airlines extend code-share agreement

By: Megan van Wyngaardt     29th March 2017 The extension of South African Airways’ (SAA’s) code-share service agreement with Ethiopian Airlines to include Cape Town, Durban and Toronto, Canada, became effective this week. The expanded code share now offers a direct service between Addis Ababa and Cape Town and Addis Ababa and Durban.... 

SAA, Ethiopian Airlines extend code-share agreement

Eskom confident of its ability to implement new nuclear build programme 

By: Keith Campbell     29th March 2017 A Request for Proposals (RFP) for new nuclear power plants (NPPs) and a new research reactor could be issued by the middle of this year. This was reported by Eskom chief nuclear officer Dave Nicholls at the Nuclear Africa 2017 conference on Wednesday. In parallel, the process of obtaining the... 

Eskom confident of its ability to implement new nuclear build programme
Photo by Duane Daws
Eskom chief nuclear officer Dave Nicholls

Stifling legislation deters economic disruptors – Winde

By: Megan van Wyngaardt     29th March 2017 Stifling legislation slowing down businesses and innovators will not be tolerated in the Western Cape, provincial Economic Opportunities Minister Alan Winde said on Wednesday. During his budget speech for the province’s Department of Economic Development and Tourism, Winde highlighted that the... 

Stifling legislation deters economic disruptors – Winde

Western Cape budgets for drought relief

By: Megan van Wyngaardt     29th March 2017 The Western Cape government has set aside R797-million for its Department of Agriculture in the 2017/18 financial year. Of this, R47-million was allocated towards drought relief, with a special focus on emerging entrepreneurs. “In 2015, South Africa recorded its lowest rainfall in a calendar year... 

Western Cape budgets for drought relief

Kenya adopts South Africa’s Green Star rating system

By: Natasha Odendaal     29th March 2017 The Kenya Green Building Society (KGBS) has signed a Green Star license agreement that will see it use the Green Building Council of South Africa’s (GBCSA’s) Green Star rating system and trademark in Kenya for certification of green buildings. The licence will also be used to train and accredit... 

AFC aims to have $5bn in assets by 2019

By: Megan van Wyngaardt     29th March 2017 Multilateral development finance institution Africa Finance Corporation (AFC) on Wednesday reported that it had invested $688-million during the 2016 financial year, returning a robust financial performance of $115.3-million in total comprehensive income – a 64% year-on-year improvement. The... 

EU decides against provisional duties on hot-rolled steel – sources

By: Reuters     29th March 2017 The European Commission has decided it will not impose provisional duties on hot-rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, but could still find the countries have breached rules on unfair competition, industry sources said on Wednesday. The EU executive has a deadline of April 7... 

Universal electrification a necessity for Africa  

By: Anine Kilian     29th March 2017 The African continent must ensure universal access to electricity to resolve energy poverty, Energy Security Services Africa head Gareth Gregory said on Wednesday. Addressing a global audience at the Power & Electricity World Africa 2017 conference, he noted that it was unacceptable that the vast... 

Energy Security Services Africa MD Gareth Gregory talks about the need for Africa to resolve its energy poverty. Video and editing: Nicholas Boyd

DTI sets aside R15bn for new investment in incentives

By: Natasha Odendaal     29th March 2017 The Department of Trade and Industry (DTI) has set aside R15-billion for projected investments across all incentives, and the entire budget for the new financial year is to be spent on efforts to industrialise the country and broaden the manufacturing sector, as reflected in its performance... 

NUM goes to war over proposed Eskom power station closures

By: Natasha Odendaal     29th March 2017 The National Union of Mineworkers (NUM) on Wednesday said it was planning mass protest action over State-owned power utility Eskom’s decision to mothball five power stations to make room for independent power producers (IPPs). In an effort to “save” Eskom from bankruptcy and privatisation, as... 

After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy

By: Reuters     29th March 2017 Toshiba Corp's US nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future. Bankruptcy will allow Pittsburgh-based Westinghouse, once... 

Motus seeks synergies, cost savings, says CEO Arbee

By: Irma Venter     29th March 2017 The automotive business of the JSE-listed Imperial group has a new leader. Former Imperial CFO, Osman Arbee, was named as the CEO of Imperial’s newest business venture, the Motus Corporation, in January. Arbee has been with Imperial for close to 13 years. 

Motus seeks synergies, cost savings, says CEO Arbee
Osman Arbee

Oakbay/Gordhan debacle a settled issue in law – Guptas lawyer

By: African News Agency      29th March 2017 Oakbay Investments on Wednesday told the high court in Pretoria that there was no need for Finance Minister Pravin Gordhan to seek a declaratory order relating to the Gupta-owned entity’s wrangle with South Africa’s major banks. “The Supreme Court of Appeal held that even a court does not have... 

Oakbay/Gordhan debacle a settled issue in law – Guptas lawyer

Shareholders in Aveng approve sale of 51% stake in Grinaker-LTA

By: Reuters     29th March 2017 Shareholders in South Africa's Aveng approved the sale of a 51% stake in the Grinaker-LTA business to Kutana Construction, the company said on Wednesday, bringing in a partner owned by black women. The deal helps Aveng, a 125-year-old company, to align the business with the government's economic... 

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