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South Africa makes surprise recovery in 2017 reputation index

By: Terence Creamer     21st July 2017 Despite ongoing political turmoil and an increase in policy uncertainty, South Africa made a surprise recovery in the 2017 edition of a global reputation study, rising four places to 45 out of 71 countries measured. Unveiling the results of the latest Country RepTrak study, which has been... 

South Africa makes surprise recovery in 2017 reputation index

Hulisani invests in global wind tower producer

By: Natasha Odendaal     21st July 2017 JSE-listed Hulisani has structured an investment path into wind towers producer GRI Wind Steel South Africa through a R82.5-million deal, marking Hulisani’s move “down the renewable-energy value chain”. The investment holding company provided preference share funding to Pele Green Energy (PGE)... 

New association launched to support emerging truck operators

By: Ilan Solomons     21st July 2017 The newly launched Emerging Truckers Association of South Africa (Tasa) aims to assist in meaningfully transforming the local truck and freight industry, with a long-term view of ensuring work for women and black truck owners and operators. This is according to Tasa convener Mary Phadi, who was... 

New association launched to support emerging truck operators
Photo by Duane Daws
Emerging Truckers Association of South Africa convener Mary Phadi

With drought threatening food security, farmers turn to drip irrigation

By: Anine Kilian     21st July 2017 With the recent drought in Southern Africa compounding the unpredictable impact of climate change on food production, local farmers are converting to drip irrigation in an attempt to conserve water, using less to produce more, according to Crookes Brother’s Limited (CBL) MD Guy Clarke. During a... 

With drought threatening food security, farmers turn to drip irrigation

FNB economists welcome interest rates cut

By: African News Agency      21st July 2017 Economists on Friday welcomed the decreased interest rates, saying that it would have a positive impact on many sectors of the economy, including agriculture, investment, and franchising. This comes after the South African Reserve Bank (Sarb) announced on Thursday, that the Monetary Policy... 

FNB economists welcome interest rates cut

Industrial cybersecurity resilience in focus as attacks increase

By: Schalk Burger     21st July 2017 Effective industrial cybersecurity protection improves the resilience of industries, defends investments in automation and control systems and becomes an asset to manage industrial systems, risks and business continuity, a range of industrial cybersecurity specialists explain. The increased... 

Industrial cybersecurity resilience in focus as attacks increase

Icasa number portability report shows room for improvement

By: Natasha Odendaal     21st July 2017 The Independent Communications Authority of South Africa (Icasa) has recommended the establishment of a technical committee to ensure a “quicker response” to the requirements outlined in its newly published Number Portability Findings Report. The findings report, published earlier this week,... 

Telkom injects R200m into educational programmes

By: Natasha Odendaal     21st July 2017 Telecommunications giant Telkom has pledged R200-million over the next five years towards a scalable three-phased strategy to deploy educational programmes in high schools in disadvantaged communities. Through the group’s Connected Schools Programme (CSP) and Supplementary Teaching Programme,... 

SA committed to increasing trade with Zambia, says DTI minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

SA committed to increasing trade with Zambia, says DTI minister
Trade and Industry Minister Dr Rob Davies

Moratorium infers intention to circumvent agreement – Leon

By: Martin Creamer     21st July 2017 The mineral rights moratorium gazette notice of Mineral Resources Minister Mosebenzi Zwane infers an intention to circumvent the underlying purpose of the agreement reached with the Chamber of Mines, Herbert Smith Freehills’ Africa partner and co-chair, Peter Leon, said on Friday. In particular,... 

Moratorium infers intention to circumvent agreement – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Africa practice partner and co-chair Peter Leon

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      21st July 2017 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

SA committed to increasing trade with Zambia, says dti minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

SA committed to increasing trade with Zambia, says dti minister
Photo by Duane Daws
Trade & Industry Minister Rob Davies

Opinion: Another look at South Africa’s electricity generating options

     21st July 2017 In this opinion article, economic risk consultant Rob Jeffrey calls for a re-evaluation for the draft Integrated Resource Plan (IRP) 2016 planned and recommended electricity mix going forward Energy is the critical component of the country’s future policy mix. Electricity is the necessary... 

Opinion: Another look at South Africa’s electricity generating options
Rob Jeffrey

CompComm invites public to comment on information exchange guidelines

By: Anine Kilian     20th July 2017 The Competition Commission is inviting the public to comment on draft guidelines regarding the exchange of information between competing companies. The guidelines are aimed at identifying what constitutes a permissible and impermissible exchange of information under the Competition Act, as well... 

Energy Minister, Sapia hold talks to strengthen shareholder relations

By: Anine Kilian     20th July 2017 In an attempt find lasting solutions to the challenges facing South Africa’s petroleum sector, Energy Minister Mmamoloko Kubayi held an informative introductory meeting with the South African Petroleum Industry Association’s (Sapia’s) board of governors on Thursday. The meeting, aimed at... 

New approach needed to develop Africa’s energy landscape

By: Natasha Odendaal     20th July 2017 Emerging from the closing panel at the PowerGen Africa conference is a strong new message – a different approach is needed to unlock 100% electricity access across Africa. There was no more time for discussions, no more time for political ramblings and no more time to rely on the traditional... 

Numsa has no desire to avoid strike action – Saefa

By: Anine Kilian     20th July 2017 Responding to the National Union of Metalworkers of South Africa’s (Numsa’s) alleged intention to take industrial action to “shut down” the country’s engineering sector, the South African Engineers and Founders Association (Saefa) feels that the trade union has no desire to avoid strike action,... 

Shell launches Dynaflex technology in South Africa

By: Anine Kilian     20th July 2017 Shell South Africa on Thursday launched its next generation of advanced fuel formulations enhanced with Dynaflex technology. The Dynaflex technology includes a new additive for Shell V-Power 50 ppm. 

Reserve Bank cuts repo rate, denies political pressure

By: Reuters     20th July 2017 South Africa's central bank unexpectedly cut its benchmark lending rate for the first time in five years on Thursday, citing weak growth and easing inflation, and denied any pressure from recent political attacks against its mandate. South Africa's main anti-graft watchdog recommended last month... 

Reserve Bank cuts repo rate, denies political pressure
Photo by Reuters
Lesetja Kganyago

Global steel output up 3.2% y/y in June

     20th July 2017 Global steel production rose by 3.2% year-on-year to 141-million tonnes in June, the World Steel Association (worldsteel) has reported. This brought global steel output for the six months to June 30 to 836-million tonnes, a 4.5% year-on-year increase. 

Sharp Pan African gold production rise on way

By: Martin Creamer     20th July 2017 Gold-mining company Pan African Resources is looking forward to a much improved performance in 2018 with a substantial increase in gold production. The group’s gold production guidance for the financial year ending June 30, 2018, is 190 000 oz-plus, a 10% increase on 2017 gold production. 

Sharp Pan African gold production rise on way
Photo by Duane Daws
Pan African CEO Cobus Loots

New screening processor launched to South African Market 

     20th July 2017 New screening technology to the South African mining market, the MS 703 EVO, has been introduced by mobile crushing and screening equipment supplier Kleemann in June. Victor Moolman tells us more. 

New screening processor launched to South African Market

AMSA predicts sharply higher H1 loss

By: Reuters     20th July 2017 Steelmaker ArcelorMittal South Africa expects first-half headline losses to increase by over 200% because of higher costs, the company said on Thursday. The company, majority-owned by ArcelorMittal, forecast a headline loss per share in a range of 143 and 152 cents for the six months ended 30... 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Diamond output leap helps Anglo
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Eskom ‘galloping’ towards financial distress, says Num

By: African News Agency      20th July 2017 The National Union of Mineworkers (Num) on Thursday said Eskom was heading for financial distress despite the power utility’s assurances this week that it was on firm financial footing. Eskom released its 2016/17 financial results on Wednesday in which it said earnings before interest, taxes,... 

Eskom ‘galloping’ towards financial distress, says Num

Eskom’s reputational platform is burning 

By: Terence Creamer     20th July 2017 Arguably one of the most telling statements made at this week’s Eskom results presentation was the public assurance given by interim CEO Johnny Dladla that “no decision would, in future, be taken outside the executive committee meetings. “Whatever decision is taken, it will be a decision that is... 

Second Take: Eskom’s reputational platform is burning

UK reassures SACU about future trade relations

By: Keith Campbell     20th July 2017 The Southern African Customs Union (SACU) has welcomed the UK’s intention of preventing disruption of trade relations with other countries as it leaves the European Union (EU). This was affirmed in a Joint Statement issued by SACU and the UK following discussions between Trade Ministers from the... 

Vodacom Q1 revenue rises on South African operation’s strong performance

By: Creamer Media Reporter      20th July 2017 Strong revenue growth in its South African operation boosted telecommunications group Vodacom’s group revenue for the quarter ended June 30, by 3.9% year-on-year to R20.7-billion. In South Africa, revenue grew by 7.8% year-on-year to R16.65-billion, underpinned by a 17% increase in equipment... 

Vodacom Q1 revenue rises on South African operation’s strong performance
Photo by Duane Daws
Vodacom CEO Shameel Joosub

Mercedes-Benz seeks ‘fair share’ of growing bakkie market with new X-Class 

By: Irma Venter     20th July 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

A preview of the new X-Class, to be launched in South Africa in 2018

Africa's major central banks embarking on policy easing cycle ride

By: Reuters     20th July 2017 Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related... 

Amplats own-mine output up, sales down in two-fatality quarter

By: Martin Creamer     20th July 2017 Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains... 

Guinea Bissau reaches $47m deal on submarine cable

By: Reuters     20th July 2017 Guinea Bissau has agreed a memorandum of understanding with the World Bank, Orange and MTN for a $47-million project to link the country to a submarine telecoms cable connecting Africa with Europe, the government said on Wednesday. Under the agreement, French telecoms company Orange and South... 

US steel tariffs likely to trigger swift EU 'safeguard' – sources

By: Reuters     20th July 2017 US President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift "safeguard" action by the European Union, political and industry sources said. Resorting to a Cold War-era law, Trump has initiated a 'Section 232' review of the US steel... 

Cape Town housing expansion not linked to water crisis

By: News24Wire      20th July 2017 Cape Town's water restrictions cannot be blamed on new housing projects popping up around the city, the city's mayoral committee member in charge of water and sanitation said. "Despite our population growth almost doubling since 1996, our water demand remained relatively flat," said Xanthea... 

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Interim Eskom CEO Johnny Dladla on his first 21 days and his main priorities for the embattled utility. Camera Work & Editing: Darlene Creamer. Recorded: 19.7.2017

Developed economy methodologies not the key to solving Africa’s energy poverty

By: Anine Kilian     19th July 2017 To overcome energy poverty, Africa will have to stop relying on Western solutions, that are appropriate for developed economies, to ensure access to electricity for citizens. Energy Security Services Africa head Gareth Gregory on Wednesday told delegates at the PowerGen Africa conference, in... 

Pallinghurst setting out to revitalise Gemfields as 100% owner

By: Martin Creamer     19th July 2017 Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take up of the... 

Pallinghurst setting out to revitalise Gemfields as 100% owner
Photo by Duane Daws
Pallinghurst CEO Arne Frandsen

Nuclear is essential to Africa’s energy mix – Rosatom 

By: Natasha Odendaal     19th July 2017 If Africa is to ensure it places itself on its expected path of becoming the future growth market of the world, nuclear energy needs to be included into its plans, as a lack of energy access is a major hurdle for the continent, Rosatom regional VP of sub-Saharan Africa Viktor Polikarpov said on... 

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