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Proposed Mpumalanga SEZ to boost provincial economy, skills development

By: Simone Liedtke     Updated 17 minutes ago Trade and Industry Minister Dr Rob Davies has approved a recommendation that the Nkomazi Special Economic Zone (SEZ), in Mpumalanga, be designated and has called on the public and interested parties to comment on the proposed designation by June 28. The application for the designation of the... 

Barloworld H1 profits, revenue rise on higher Southern African, Russian equipment sales

By: Marleny Arnoldi     Updated 5 hours ago Despite a weaker first quarter, the global economy remains on track to show solid growth for 2018 in both developed and emerging markets, while South Africa’s economic outlook is also improving, benefiting multinational Barloworld. The company on Monday reported a 14.2% year-on-year increase in... 

Barloworld H1 profits, revenue rise on higher Southern African, Russian equipment sales
Barloworld CE Dominic Sewela

Nissan signs memorandum with Ghana to introduce auto programme

By: Irma Venter     Updated 5 hours ago The Nissan Group of Africa has signed a memorandum of understanding (MoU) with the government of Ghana to pave the way for the introduction of an automotive programme in this West African country. “The MoU seeks to unlock economic potential, promote development of the automotive sector and... 

Nissan signs memorandum with Ghana to introduce auto programme
Mike Whitfield

Outa welcomes Nersa’s withdrawal of SSEG registration rules

By: Marleny Arnoldi     Updated 1 hour ago Nonprofit organisation, the Organisation Undoing Tax Abuse (Outa), has welcomed the National Energy Regulator of South Africa’s (Nersa’s) decision to withdraw the proposed rules to govern the registration of small-scale embedded generation (SSEG) below 1 MW.  

Outa welcomes Nersa’s withdrawal of SSEG registration rules

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry

By: Marleny Arnoldi     Updated 3 minutes ago Steel supplier and processing company Allied Steelrode has affirmed its commitment to an industry representative group the CEO Task Force, which will aid in regenerating the country’s steel sector, through mobilising the downstream industry – which suffers the most when challenges arise in the... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry
Allied Steelrode executive director Warne Rippon

Pioneer Foods achieves credible interim performance

By: Simone Liedtke     Updated 4 hours ago JSE-listed Pioneer Foods achieved a credible performance for the six months ended March 31, with total sales volumes up 4% year-on-year and revenue up 3% year-on-year to R9.9-billion. Mainly as a result of volume growth and the normalisation of the maize procurement position, the company’s gross... 

Dipula reports solid H1 financial results, expects FY dividend growth

By: Marleny Arnoldi     Updated 12 minutes ago Real estate investment trust (Reit) Dipula Income Fund achieved an 11.5% year-on-year increase in distributable earnings to R216.4-million for the six months to February 28.  

Texton says concludes deal on acquisition of a portfolio of logistics properties

By: African News Agency      Updated 4 hours ago Property investment fund Texton said on Monday it had concluded agreements with Equites Property Fund and various wholly-owned subsidiaries for the acquisition of a portfolio of logistics properties for an aggregate purchase consideration of R205.3-million. Texton said the acquisition was... 

Alaris Holdings to acquire US radio frequency manufacturer

By: Marleny Arnoldi     Updated 11 minutes ago Global radio frequency technology holding group Alaris Holdings’ Alaris Investment Holdings UK subsidiary has signed a membership interest purchase agreement for the acquisition of all of the issued and outstanding membership interests of an undisclosed limited liability company based in the US... 

Operational due diligence important to mitigating risk

By: Anine Kilian     Updated 39 minutes ago Investing in operational risk management is key to mitigating corporate fraud, poor governance and simple errors which result in losses for companies and consequently investors, Mercer Sentinel Africa Middle East, India and Turkey head Nigel Morriss said on Monday. Addressing media at a briefing... 

AfDB, Unido sign MoU to improve Africa’s industrialisation

By: Marleny Arnoldi     Updated 1 hour 4 minutes ago The African Development Bank (AfDB) and the United Nations Industrial Development Organisation (Unido) have signed a memorandum of understanding (MoU) to step up collaboration that will boost Africa’s industrialisation. 

AfDB, Unido sign MoU to improve Africa’s industrialisation

Volvo Group Southern Africa to invest millions in youth empowerment

By: African News Agency      Updated 4 hours ago Volvo Group Southern Africa said it was planning to invest more than R20-million on apprenticeship training, automotive industry learnerships, disabled person learnerships, as well as internships in 2018. President of Volvo Group Southern Africa, Torbjörn Christensson, said that since 2015, the... 

TNPA appoints new COO, GM of corporate affairs

By: Simone Liedtke     Updated 4 hours ago Nozipho Mdawe has been appointed COO of Transnet National Ports Authority (TNPA), with effect from May 21. Mdawe takes over the role recently vacated by Phyllis Difeto and briefly held in an acting capacity by Moshe Motlohi.  

TNPA appoints new COO, GM of corporate affairs
Newly-appointed TNPA COO Nozipho Mdawe

South African CEO selected to Obama Africa leadership programme

By: African News Agency      Updated 4 hours ago Former US President Barack Obama's foundation has elected the chief executive of Johannesburg digital innovation hub, Tshimologong Precinct as a member of the inaugural class of its Africa leadership programme. Tshimologong Precinct said Lesley Williams, was appointed as part of the Obama... 

UJ home to new SARChI Chair in Built Environment

By: African News Agency      Updated 4 hours ago The University of Johannesburg (UJ) on Monday announced that it has received a new research chair following the announcement of the latest round of awards by the National Research Foundation in its South African Research Chairs Initiative (SARChI) programme. The Faculty of Engineering and the... 

Western Cape's mounting rubbish problem

By: News24Wire      Updated 6 hours ago "We have a serious waste problem in the Western Cape. We are running out of landfill space," MEC for environmental affairs Anton Bredell warned in a press release. The Western Cape generated approximately three million tonnes of waste in 2017 according to the government. The City of Cape Town... 

Global effort against climate change cannot be postponed – Basic countries

By: News24Wire      Updated 6 hours ago The Basic countries, comprising Brazil, South Africa, India and China, have reiterated that the global effort against climate change is an irreversible process that cannot be postponed. This was said following the 26th Basic Ministerial Meeting on Climate Change, held in Durban over the weekend.... 

Kropz clinches offtake from phosphates project

By: Martin Creamer     Updated 1 hour 33 minutes ago Plant nutrient minerals development company Kropz, which is developing the Elandfontein phosphates mining and processing project in the Western Cape, has secured several offtake agreements ahead of production. The cornerstone offtake agreement, for about a third of its production at market prices... 

Kropz clinches offtake from phosphates project
Photo by Creamer Media
Kropz CEO Ian Harebottle

Aton says will not support M&R’s proposed transaction with Aveng

By: Simone Liedtke     Updated 4 hours ago German-owned Aton believes Murray & Roberts (M&R) is putting its interests ahead of that of shareholders and other stakeholders with its proposed combination with Aveng. The sole intent of M&R’s announcement on Friday that it plans to merge with Aveng, Aton states, is to frustrate Aton’s... 

Government wage deal to go ahead, despite urgent call for more consultation

By: News24Wire      21st May 2018 The Public Service Coordinating Bargaining Council (PSCBC) will on Monday morning present the agreement to trade unions and government to be signed, as the Federation of Unions of South Africa (Fedusa) has called for a postponement and asked for more time to consult with members. Fedusa’s... 

Government wage deal to go ahead, despite urgent call for more consultation
Minister of Public Service and Administration Ayanda Dlodlo

Denel's rescue plan must be fast-tracked – Minister

By: African News Agency      18th May 2018 A rescue plan for South Africa's state-owned arms manufacturer Denel needed to be sped up so it did not negatively affect the capability of the army, Defence Minister Nosiviwe Mapisa-Nqakula said on Friday. Speaking after delivering her department's budget vote, Mapisa-Nqakula said the... 

VVIP presidential jet still an option even though defence's budget is cut by billions

By: News24Wire      18th May 2018 Despite a budget cut amounting to billions, the purchase of a VVIP presidential jet by the South African Defence Force is not off the table. In her speech in the debate about the South African Defence Force budget on Friday, Defence Minister Nosiviwe Mapisa-Nqakula said:  "I must now report to... 

Small modular reactors offer great promise but face major challenges

By: Rebecca Campbell     18th May 2018 Worldwide, there is significant interest in the development of small and medium modular reactors (SMRs). “At the moment there are 11 countries developing about 50 SMR designs and four units are under construction or have a certified design,” said University of Pretoria Mechanical and Aeronautical... 

R500m Gauteng plant lifts Twinsaver’s tissue manufacturing capacity to 75 000 t/y

By: Marleny Arnoldi     18th May 2018 Tissue manufacturer Twinsaver on Friday opened a new manufacturing plant in Kliprivier, on the border of the Midvaal and Ekurhuleni municipalities, in Gauteng. The R500-million plant increases Twinsaver’s tissue manufacturing capability to 75 000 t/y from 25 000 t/y – making it the largest tissue... 

R500m Gauteng plant lifts Twinsaver’s tissue manufacturing capacity to 75 000 t/y

Telkom expects FY18 earnings drop

By: Natasha Odendaal     18th May 2018 JSE-listed Telkom on Friday said it expected its headline earnings per share (HEPS) and basic earnings per share (BEPS) for the year ended March 31, to have declined by between 15% and 25% year-on-year. HEPS are expected to be between 541.1c and 611.1c, representing a 110c to 180c drop on the... 

Dredging project revitalises Durban’s beaches

By: Nadine James     18th May 2018 An innovative sand pumping initiative between eThekwini Municipality and Transnet National Ports Authority (TNPA) has successfully reinstated sand along eroded sections of Durban’s popular Golden Mile and could offer similar benefits for beaches extending further northwards. The municipality and... 

Anadarko seeks to raise $14bn to $15bn for Mozambique LNG project

By: Reuters     18th May 2018 Anadarko Petroleum is seeking to raise a record $14-billion to $15-billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is reassuring export project... 

Researchers suggest 100% renewable energy system is plausible

By: Nadine James     18th May 2018 A multinational group of researchers have co-authored a paper to demonstrate that there are no roadblocks to sourcing 100% of a country’s power supply from renewable sources. The researchers, from Germany’s Karlsruhe Institute of Technology, South Africa’s Council for Scientific and Industrial... 

Eskom evacuates contractor workers after protest at Kusile

By: African News Agency      18th May 2018 South African power utility Eskom on Friday, said it had to evacuate contractor workers at the Kusile power station, in Mpumalanga, after a violent protest erupted by employees of SGB, a subcontractor of Mitsubishi Hitachi Power Systems Africa. Mitsubishi Hitachi is appointed by Eskom to design,... 

Radebe officiates at launch of R9.4bn Xina Solar One plant

By: Simone Liedtke     18th May 2018 Xina Solar One, which is owned by a consortium between Abengoa, the Industrial Development Corporation, the Public Investment Corporation and the Xina Community Trust, was officially launched near Pofadder, in the Northern Cape, on Friday. The 300 ha solar thermal plant, which was built by... 

Radebe officiates at launch of R9.4bn Xina Solar One plant

Nzimande urges SOEs to plug leaks

By: News24Wire      18th May 2018 Transport Minister Blade Nzimande called for an end to warring board members and executives at entities within his department, urging them to prioritise turning the organisations around. Nzimande was speaking ahead of his budget vote at the Old Assembly chamber in Parliament on Friday morning.... 

Nzimande urges SOEs to plug leaks
Photo by Creamer Media
Transport Minister Blade Nzimande

R3bn budgeted for Moloto road upgrade

By: Irma Venter     18th May 2018 The Department of Transport has this financial year set aside roughly R3-billion to upgrade the Limpopo and Mpumalanga sections of the R573 Moloto road. Over the medium term, this road project will receive R4.3-billion. 

R3bn budgeted for Moloto road upgrade
Dr Blade Nzimande

M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up
Photo by Creamer Media
M&R CEO Henry Laas

Govt conducting a review of food safety legislation to curb listeriosis

By: African News Agency      18th May 2018 The South African government said on Friday that it was conducting a review of food safety legislation in a bid to prevent another deadly outbreak of listeriosis. The National Institute for Communicable Diseases reported this week that the death toll from what the World Health Organisation deems... 

CIG secures funding to turn Conco operation around

By: Marleny Arnoldi     18th May 2018 JSE-listed Consolidated Infrastructure Group (CIG) has secured funding to turn around its power infrastructure services provider subsidiary Conco, which fell into financial dire straits in November.  

Liberty Two Degrees to convert to Reit, acquires further assets

By: Marleny Arnoldi     18th May 2018 Liberty Two Degrees, a property portfolio established by financial services and holdings company Liberty Group, on Friday announced its intention to convert to a corporate real estate investment trust (Reit) and list on the JSE as a new company (NewCo).  

Conference highlights importance of nuclear regulators engaging the public

By: Rebecca Campbell     18th May 2018 Public engagement by nuclear regulatory bodies benefits the regulators as well as the public. So highlighted Canadian Nuclear Safety Commission (CNSC) director general: strategic planning Liane Sauer in her keynote address to the National Nuclear Regulator's second Nuclear Regulatory Information... 

MTN, Huawei deploy new spectrum-sharing solution

By: Natasha Odendaal     18th May 2018 Telecommunications group MTN South Africa and information and communications technology company Huawei have jointly deployed a commercial spectrum-sharing solution. CloudAir 2.0 will share spectrum between second-generation, third-generation, fourth-generation and narrow broadband Internet of... 

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