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BMW, Nissan roll out electric car charging stations in Cape Town

By: Irma Venter     Updated 2 hours 28 minutes ago BMW Group South Africa (BMW SA) and Nissan South Africa are expanding the national charging footprint for electric vehicles (EV) and plug-in electric hybrid vehicles (PHEV) with the introduction of their first joint charging stations in the Western Cape. The continued roll-out of charging... 

BMW, Nissan roll out electric car charging stations in Cape Town
The new charging stations are at the Victoria and Alfred (V&A) Waterfront, in Cape Town.

Kia SA targets selective local assembly, plans bakkie launch in 2020

By: Irma Venter     Updated 2 hours 25 minutes ago Kia Motors South Africa (KMSA) is close to finalising a deal with Hyundai Motors South Africa (HMSA) to assemble its K2700 and K2500 workhorse bakkies at HMSA’s Benoni plant, says KMSA CEO Ray Levin. HMSA assembles the Hyundai HD65 and HD72 medium-duty trucks at the Benoni facility, as well as... 

Kia SA targets selective local assembly, plans bakkie launch in 2020
Ray Levin

SAA asks lenders for $1bn

By: Reuters     Updated 5 hours ago South Africa's cash-strapped national carrier plans to raise R16-billion ($1-billion) from banks and other financial institutions, a newspaper notice showed, days after saying it could pay its debts. State-owned South African Airlines (SAA) is seeking secured and unsecured funding with a 3 to 15... 

SAA asks lenders for $1bn

Anti-tax abuse group says response good to call for submissions on planned nuclear sites

By: Keith Campbell     Updated 2 hours 36 minutes ago Civil society group Organisation Undoing Tax Abuse (Outa) reported on Monday morning that more than 17 000 individual submissions had been made through its web portal, regarding national electricity utility Eskom’s proposed locations for new nuclear power plants (NPP). The organisation affirms... 

Scandal-hit Gupta family says plans to sell South African holdings

By: Reuters     Updated 6 hours ago South Africa's wealthy Gupta family, which has been accused of holding undue political sway over President Jacob Zuma, said on Saturday it planned to dispose of all stakes it holds in South African businesses before the end of the year. The Guptas have denied accusations that they have used their... 

Scandal-hit Gupta family says plans to sell South African holdings

Maimane presses Madonsela on Gupta probe

By: African News Agency      Updated 2 hours 25 minutes ago The Democratic Alliance (DA) has demanded a progress report from Public Protector Thuli Madonsela on her investigation into the allegations of State capture by the Gupta family, party leader Mmusi Maimane said on Monday. “I have today written to the Public Protector, Thuli Madonsela, requesting a... 

Maimane presses Madonsela on Gupta probe
Photo by Duane Daws
DA Leader Mmusi Maimane

Eskom continues to cooperate with National Treasury on coal contract probes

By: African News Agency      Updated 6 hours ago Eskom on Sunday dismissed reports that findings have been made against the parastatal, insisting it continues to cooperate with the National Treasury on its investigations of Eskom coal contracts. “Contrary to the allegations made by the Sunday Times today [Sunday], the National Treasury has not... 

SA Treasury to hold sugar tax workshop

By: African News Agency      Updated 3 hours ago National Treasury on Monday confirmed that it will hold a stakeholder workshop in November to discuss the proposed tax on sugar sweetened beverages. This comes after the Beverages Association of South Africa (BevSA) last week warned that the proposed tax on sugar-sweetened beverages had the... 

SA Treasury to hold sugar tax workshop

Gordhan may be charged for graft – City Press

By: Reuters     Updated 6 hours ago South African Finance Minister Pravin Gordhan may be charged this week for graft, the City Press newspaper reported on Sunday, citing senior sources in the police, the National Prosecuting Authority (NPA), and the tax service. Thirty witnesses had been lined up to testify against Gordhan and... 

Japan pledges $30bn for Africa over next three years

By: Reuters     Updated 6 hours ago Japanese Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30-billion in public and private support for infrastructure development, education and healthcare expansion in the continent. Resource-poor Japan has long been interested in tapping Africa's vast... 

Japan pledges $30bn for Africa over next three years
Photo by Bloomberg
Japanese PM Shinzo Abe

SA to cease membership of SADC Troika on Politics, Defence and Security Cooperation

By: African News Agency      Updated 6 hours ago South Africa is to end its membership of the Southern African Development Community (SADC) troika on politics, defence and security, the Presidency has revealed. “South Africa will cease to be a Member of the Organ Troika on Politics, Defence and Security Cooperation on 30 August 2016 when the... 

SA to cease membership of SADC Troika on Politics, Defence and Security Cooperation
Photo by Duane Daws
President Jacob Zuma

City of Cape Town lights up residents’ lives

By: African News Agency      Updated 5 hours ago The City of Cape Town’s utility services directorate plans to invest R65.8-million in street lighting projects by the end of June 2017, but says vandalism, theft, and damage to infrastructure as a result of motor vehicle accidents remain problems. “The funds have been allocated for expansion of... 

Chrome output becoming ‘strategic’ for Northam Platinum

By: Martin Creamer     Updated 2 hours 27 minutes ago Chrome ore is becoming increasingly strategic for platinum mining company Northam Platinum. The Johannesburg Stock Exchange-listed company, which produced 45.1% more chrome in the 12 months to June 30 than the prior year, expects to be producing at a rate of one-million tonnes of chrome ore a... 

Chrome output becoming ‘strategic’ for Northam Platinum
Photo by Duane Daws
Northam Platinum CEO Paul Dunne

EDF chief urges Britain to give go-ahead to nuclear plant

By: Reuters     Updated 6 hours ago The head of EDF Energy has urged the British government to approve the Hinkley Point C nuclear power project, an explict appeal by the French energy giant ahead of a decision due within weeks. Prime Minister Theresa May intervened last month to delay the £18-billion ($24-billion) project, just... 

More financial access needed for female entrepreneurs – Zulu

By: Anine Kilian     26th August 2016 Regulatory frameworks, red tape and a lack of knowledge and understanding of support programmes are major challenges facing small businesses and cooperatives in South Africa, Small Business Development Minister Lindiwe Zulu said on Friday. She was addressing a delegation of female small business... 

More financial access needed for female entrepreneurs – Zulu
Photo by Duane Daws
Small Business Development Minister Lindiwe Zulu

Eskom may re-advertise nuclear notices after noncomplaint E Cape notice

By: Terence Creamer     26th August 2016 State-owned electricity utility Eskom may re-advertise notices relating to its Nuclear Installation Site Licence (NISL) applications for Thyspunt, in the Eastern Cape, and Duynefontyn, in the Western Cape, having acknowledged that a notice published in the Eastern Cape Provincial Gazette on... 

Eskom may re-advertise nuclear notices after noncomplaint E Cape notice

Treasury estimates ETI supported 5% of jobs

By: Megan van Wyngaardt     26th August 2016 Changes in the external environment have made it harder to assess whether Treasury’s Employment Tax Incentive (ETI) has led to the creation of new jobs or prevented a further worsening in youth unemployment, the National Treasury said on Friday. But broadly, it said, the estimates of jobs... 

Northam investing R5.5bn in platinum growth projects 

By: Martin Creamer     26th August 2016 Platinum mining company Northam on Friday elaborated on the company’s suite of four growth projects timed to fill an expected future demand pull unmet by constrained future South African platinum supply. The Johannesburg Stock Exchange- (JSE-) listed company, headed by CEO Paul Dunne, expects the... 

Northam Platinum CEO Paul Dunne outlines growth projects to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws: Video and Video Editing: Darlene Creamer. 26.08.2016

Barloworld launches solar energy solution

By: Megan van Wyngaardt     26th August 2016 Global industrial company Barloworld on Friday launched a high-performance photovoltaic (PV) solar energy solution targeted at Southern Africa’s commercial and industrial (C&I) power segment. The Cat Thin Film PV solar energy system, available in sizes ranging from 25 kW to 5 MW, can deliver up... 

Barloworld launches solar energy solution

Telkom doubles reward for capture of saboteurs

By: Natasha Odendaal     26th August 2016 Telecommunications giant Telkom on Friday doubled its reward for information leading to the prosecution of those responsible for malicious damage inflicted on Telkom facilities and its infrastructure over the last few weeks. Telkom is now offering a R1-million incentive to deal with increasingly... 

Telkom doubles reward for capture of saboteurs

Ascendis completes European acquisitions valued at R7.3bn

By: Megan van Wyngaardt     26th August 2016 Ascendis Health has concluded its acquisitions of Cyprus-based pharmaceutical manufacturer Remedica and European sports nutrition company Scitec for a combined R7.3-billion.   The company on Friday said its fully underwritten rights offer of 54-million shares was three times oversubscribed, with... 

ANC denies it benefited from PRASA deal

By: News24Wire      26th August 2016 The African National Congress (ANC) has rejected allegations that the party had been implicated in alleged bribery by a supplier of locomotives to the Passenger Rail Agency of South Africa (PRASA). News24 on Friday morning reported that PRASA chairperson Popo Molefe had filed new court papers in... 

ANC denies it benefited from PRASA deal

South Africa's credit rating to be cut to junk this year – poll

By: Reuters     26th August 2016 South Africa's credit rating is set to be cut to junk status this year, according to a Reuters poll taken just days after police summoned Finance Minister Pravin Gordhan over an investigation into a suspected rogue unit of the tax service. A police unit known as the Hawks is probing a... 

South Africa's credit rating to be cut to junk this year – poll
Photo by Duane Daws
Finance Minister Pravin Gordhan

AB InBev expects to cut 3% of jobs after SABMiller takeover

By: Reuters     26th August 2016 Anheuser-Busch (AB) InBev expects to cut some 3% of its combined workforce after it has acquired rival SABMiller, according to takeover documents published on Friday. That would be some 5 500 jobs, according to a source with information on the offer. 

Opinion: Start electricity reform process now before another crisis 

     26th August 2016 South Africa has not had load shedding for nearly a year. This is a welcome development after years of power cuts that constrained economic growth. Electricity consumption has more or less flattened out, giving the national utility, Eskom, more space to catch up on maintenance and meet demand.... 

Opinion: Start electricity reform process now before another crisis
Photo by Duane Daws
Anton Eberhard

Adcock turns focus from survival to development

By: Natasha Odendaal     26th August 2016 After being in “remedial mode” for the past two years, JSE-listed pharmaceuticals giant Adcock Ingram is eyeing growth and development after generating healthy amounts of cash and accumulating “significant” resources during the year ended June 30. The group, which is progressing the sale of its... 

Adcock turns focus from survival to development

Opinion: Regulated electricity tariffs put squeeze on municipal finances

     26th August 2016 Annual increases in municipal charges take place in July each year and this week Stats SA’s Consumer Price Index reported that municipal electricity tariffs increased on average by 7.5%. This is slightly less than the 7.6% increase that the National Energy Regulator of South Africa (Nersa) set as... 

Opinion: Regulated electricity tariffs put squeeze on municipal finances

Eskom exec first African to be elected president of Cigre

     26th August 2016 Eskom master specialist in the technology group Dr Rob Stephen has been elected president of the International Council on Large Electric Systems (Cigre). He is the first African to hold the position of Cigre president, placing him in a favourable position to expand the benefit of the organisation... 

Tanzania’s rural electrification plan gets $470m boost

By: John Muchira     26th August 2016 Tanzania's plans to increase electricity connections in rural areas have been boosted by a $470-million loan that the East African country has secured from a consortium of development partners. The country has made efforts to tackle abject poverty in rural Tanzania, where electricity access has... 

SARB says rate hiking cycle not over yet

By: Reuters     26th August 2016 South Africa's rate hiking cycle is not yet over as inflation remained elevated and sharp moves in the rand currency were affecting prices, the central bank's deputy governor Daniel Mminele said on Friday. Mminele said while the bank recognised the rand's recent recovery, it was also aware that... 

Union takes MTN to court over call centre outsourcing

By: News24Wire      26th August 2016 The Communication Workers Union (CWU) has applied for a court interdict against MTN over the company’s decision to outsource part of its call centre facility. The matter is scheduled to be heard on August 31. MTN earlier said it will adopt a hybrid outsource model which would result in retaining... 

Volkswagen to spend at least $1.2bn to compensate US dealers – sources

By: Reuters     26th August 2016 Volkswagen has agreed to spend more than $1.2-billion to compensate its 650 US dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday. The company and a lawyer for VW dealers announced a tentative settlement at a court... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      26th August 2016 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

Transport minister denies stopping probe into irregularities at PRASA

By: African News Agency      26th August 2016 Transport Minister Dipuo Peters on Thursday denied that she had stopped a probe into possible corruption involving contracts worth billions of rand at the Passenger Rail Agency of South Africa (PRASA). “It is categorically denied that the Minister at any stage instructed any member of the PRASA... 

Why SA needs to improve job prospects for youth

By: News24Wire      26th August 2016 South Africa won’t realise its demographic benefit if the job prospects for younger working-age people don’t improve, said statistician general Pali Lehohla on Thursday. A demographic dividend occurs when a country is entering a period in which the working age population has a low proportion of... 

New tug fleet will enable South African ports to handle larger vessels

By: David Oliveira     26th August 2016 As part of parastatal Transnet’s Market Demand Strategy (MDS), Transnet National Port Authority (TNPA) will spend about R56-billion by 2019 to improve efficiencies of South Africa’s ports, including a R1.4-billion tugboat replacement project. The contract, which was awarded to local shipbuilding... 

New tug fleet will enable South African ports to handle larger vessels

Outa slates SAA board member for resigning 

By: Megan van Wyngaardt     25th August 2016 The Organisation Undoing Tax Abuse, or Outa, on Thursday lambasted State-owned enterprise South African Airways’ (SAA’s) Yakhe Kwinana for stepping down from its board. Media reports earlier this week stated that Kwinana was resigning, having said that, “it has come to a stage where I had to... 

Outa slates SAA board member for resigning

Despite commodity slump, M&R bets future on resources

By: Terence Creamer     25th August 2016 Murray & Roberts (M&R) CEO Henry Laas says the decision to sell its infrastructure and building unit, as well as Genrec, to create a multinational project company focused on oil and gas, underground mining, as well as power and water has created an entity that no longer fits neatly within the... 

Despite commodity slump, M&R bets future on resources
Photo by Duane Daws
Murray & Roberts CEO Henry Laas

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