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Zuma beats off efforts to oust him

By: African News Agency      Updated 4 hours ago President Jacob Zuma has survived a second attempt to force him to step down, at the African National Congress’s (ANC's) national executive committee (NEC) meeting on Sunday night, IOL reports. It was apparently agreed, as a compromise between bitterly divided groups to refer the issue of Zuma’s... 

Zuma beats off efforts to oust him
Photo by Duane Daws
President Jacob Zuma

Zuma Cabinet reshuffle appeal postponed

By: News24Wire      Updated 2 hours 24 minutes ago The application by President Jacob Zuma to appeal an order to hand over the record of decision to reshuffle his Cabinet will not go ahead on Monday as planned due to a bereavement in the legal team, Democratic Alliance (DA) MP James Selfe said on Monday. Selfe said the application for leave to... 

Zuma Cabinet reshuffle appeal postponed

Delta increases distribution by 7.1%, but sees earnings flat for year ahead

By: Megan van Wyngaardt     Updated 3 hours ago JSE-listed real estate investment trust (Reit) Delta Properties has declared a distribution of 97.24c a share for the financial year ended February 28, which represents a 7.1% year-on-year increase. CEO Sandile Nomvete highlighted that this was testimony to the company’s ongoing efforts to focus... 

G7 leaders turn gaze to Africa, climate harmony elusive

By: Reuters     Updated 4 hours ago Leaders of the Group of Seven wealthy nations met African heads of state on Saturday, the final day of their annual summit which has been marked by discord over climate change, but unity on tackling terrorism. Italy had hoped to make Africa the major focus of the annual G7 gathering, holding the... 

Steel CEOs say EU carbon reforms threaten jobs, investment

By: Reuters     Updated 2 hours 18 minutes ago Steelmakers in Europe have written to EU leaders urging them not to burden the industry with extra carbon emissions costs they say would make them uncompetitive against foreign rivals and raise the risk of job losses and plant closures. Draft reforms to the EU Emissions Trading System (ETS)... 

Nigeria oil governance bill aims to break up state oil company NNPC

By: Reuters     Updated 4 hours ago The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company into three commercial entities supported by a regulatory body and a fund to oversee the distribution of money. The Petroleum Industry Governance Bill, passed on Thursday... 

Nigeria's 'bad bank' says nearing sale of Peugeot car assembly plant to Dangote

By: Reuters     Updated 4 hours ago The Asset Management Company of Nigeria (AMCON), the country's 'bad bank' set up following the banking crisis, is close to selling Peugeot Automobile Nigeria (PAN), a local car assembly joint venture, to Africa's richest man, Aliko Dangote, and two Nigerian states. "We have concluded all... 

Construction begins on world's largest telescope in Chilean desert

By: Reuters     Updated 4 hours ago Construction began in Chile on Friday on the European Extremely Large Telescope, which when completed will be the world's largest optical telescope, some five times larger than the top observing instruments in use today. The size of the ELT has the potential to transform our understanding of the... 

SACP outraged at ‘pinprick’ MultiChoice settlement

By: Natasha Odendaal     Updated 13 minutes ago The South African Communist Party (SACP) on Monday hit out at the Competition Tribunal for issuing a penalty against pay-television operator MultiChoice for price-fixing that was “nothing close to a slap on the wrist”. Last week, MultiChoice’s DStv Media Sales agreed to a R180-million consent... 

LHDA calls on construction companies to attend information briefings

By: Megan van Wyngaardt     Updated 24 minutes ago Water resources development and management organisation, the Lesotho Highlands Development Authority (LHDA) will host a briefing session on June 12, at the Wanderers Club, in Johannesburg, to provide information relating to the Lesotho Highlands Water Project (LHWP) Phase 2 project schedule. The... 

LHDA calls on construction companies to attend information briefings

Tongaat delivers double-digit earnings growth for FY17

By: Natasha Odendaal     Updated 1 hour ago JSE-listed Tongaat Hulett on Monday reported double-digit earnings growth for the year ended March 31. The group achieved a 44.6% hike in headline earnings, from R679-million in 2016, to R982-million in the 12 months under review. 

Famous Brands reins in acquisition pipeline, focuses on growth path

By: Natasha Odendaal     Updated 2 hours 1 minute ago After wrapping up the 2017 financial year with seven successfully integrated acquisitions and a strong financial performance, JSE-listed Famous Brands plans to remain strongly focused on growth in a difficult operating climate. However, while the group remained acquisitive by nature and was... 

Proudly SA develops tender monitoring system to track government compliance

By: Megan van Wyngaardt     Updated 2 hours 7 minutes ago Buy local advocacy campaign Proudly South African (SA) has developed an in-house tender tracking system to monitor government’s compliance with its own mandate to make local procurement a priority. The system trawls the websites of all three spheres of government, their agencies and entities,... 

The Gupta Emails

By: News24Wire      Updated 4 hours ago A cache of damning e-mails between members of the Gupta family, some of their trusted lieutenants and President Jacob Zuma's son, Duduzane, has brought forward fresh details on the mechanics of the Guptas' dubious state capture strategies. City Press, News24's sister publication, on Sunday... 

The Gupta Emails

SA will take some three years to recover from drought, WC more – Mokonyane

By: African News Agency      26th May 2017 South Africa will take two to three years to recover from the worst drought in a century but the Western Cape will feel the effects for longer than that, Water and Sanitation Minister Nomvula Mokonyane said on Friday. Mokonyane said in her budget vote speech major dams were almost three quarters... 

Uganda, Tanzania sign deal for world's longest heated pipeline

By: Reuters     26th May 2017 Uganda and Tanzania signed a framework agreement on their proposed $3.55-billion crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years. An official at Uganda's Ministry of Energy told Reuters the... 

Finance Minister Gigaba continues to oppose Denel Asia deal

By: Keith Campbell     26th May 2017 The National Treasury on Friday reaffirmed, in a press release, that Finance Minister Malusi Gigaba continues to oppose the proposed joint venture between the State-owned Denel defence industrial group and VR Laser Asia, intended to create a company called Denel Asia. The press release was issued... 

Rising US output holding back Opec’s efforts to cut global supply

By: Anine Kilian     26th May 2017 Fast-rising US shale output continues to hamper efforts by the Organisation of the Petroleum Exporting Countries (Opec) to cut oil supply to boost prices. IHS Markit senior director Bhushan Bahree noted in a statement on Friday that the US’s crude oil production is expected to rise by more 900... 

Patel moves to bolster Competition Act’s powers to fight economic concentration 

By: Terence Creamer     26th May 2017 Economic Development Minister Ebrahim Patel has established an advisory panel to develop draft amendments to the Competition Act with a view to bolstering South Africa’s legislative capacity of to address “persistently high levels of economic concentration”. Patel announced the proposed... 

 Patel moves to bolster Competition Act’s powers to fight economic concentration
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

Durban port takes delivery of Umbilo tug

By: Shirley le Guern     26th May 2017 “Made for Durban in Durban” is how Transnet National Ports Authority (TNPA) CEO Richard Vallihu described the Umbilo, the latest tug to be launched in Durban, on Friday. The sixth to roll off the South African Shipyards’ (SAS’s) production line, the Umbilo will be the first tug to be based at its... 

Durban port takes delivery of Umbilo tug

Nigerian wins the Africa Prize for Engineering Innovation

By: Anine Kilian     26th May 2017 Nigerian systems engineer Godwin Benson has won £25 000 as the winner of the Africa Prize for Engineering Innovation. He developed an online digital platform called Tuteria, which links students to qualified tutors in their area and within their budget. Users find the skill they want to learn on... 

Outa welcomes new ‘State capture’ study

By: Sane Dhlamini     26th May 2017 The Organisation Undoing Tax Abuse (Outa) has welcomed the research undertaken by independent research organisation Public Affairs Research Institute (Pari) in collaboration with the South African Council of Churches (SACC), which exposes how State institutions have been “repurposed to serve the... 

Outa welcomes new ‘State capture’ study
South African President Jacob Zuma

DTI spends R42m on Hammanskraal industrial park security upgrades

By: Megan van Wyngaardt     26th May 2017 The Department of Trade and Industry has spent R42-million on security upgrades at the Babelegi industrial park, in Hammanskraal, which included the installation of invisible fencing, a control room, guard houses, swing gates and pedestrian gates, a new boom gate and high-mast lighting upgrades... 

Zuma says not opposed to inquiry into corruption allegations

By: Reuters     26th May 2017 South Africa's President Jacob Zuma said on Friday he was not opposed to setting up a commission of inquiry into corruption into his government after anti-graft report alleged he was influenced by the wealthy Gupta family in making government appointments. The former Public Protector, a... 

Zuma says not opposed to inquiry into corruption allegations
Photo by Duane Daws
President Jacob Zuma

Ncondezi calls off joint development agreement with SEP

By: Megan van Wyngaardt     26th May 2017 Mozambique-focused coal miner and energy developer Ncondezi Energy will engage with new strategic partners who have expressed an interest in helping to develop its integrated thermal coal mine and 300 MW power plant in the country’s Tete province. This comes after the company on Friday suspended... 

Ncondezi calls off joint development agreement with SEP

Liquid appoints new CEO for Neotel

By: Creamer Media Reporter      26th May 2017 Pan-African telecoms group Liquid Telecom has appointed Kyle Whitehill CEO of its newly acquired subsidiary Neotel. Liquid fully concluded its R6.55-billion buyout of Neotel in February, with plans to focus on delivering enhanced network services to enterprises and consumers. 

Rezidor opens first Park Inn by Radisson in Rwanda

By: Natasha Odendaal     26th May 2017 The Rezidor Hotel Group has continued its African growth momentum with the unveiling of its first Park Inn by Radisson in Kigali, Rwanda, which is its fifth in East Africa. The newest four-star hotel, which is the second to be opened in the region this year, brings the hotel group’s African and... 

PE composites cluster investigates basalt, kenaf potential 

By: Irma Venter     26th May 2017 Nelson Mandela Bay Composites Cluster MD Andy Radford says the cluster has mapped the value chain for the production and application of basalt in composites. He says the cluster is at an advanced stage of securing local and global beneficiators and buyers for the mineral for use in composite... 

PE composites cluster investigates basalt, kenaf potential
Dr Kjelt van Rijswijk (technical director) and Andy Radford (MD) of the Mandela Bay Composites Cluster

New-look procurement rules punted as possible transformation game changer 

By: David Oliveira     26th May 2017 Major reform of the Preferential Procurement Policy Framework Act (PPPFA) regulations, which came into effect last month, has been held up as a key tool in driving radical economic transformation in South Africa by providing greater opportunities for small, medium-sized and microenterprises... 

New-look procurement rules punted as possible transformation game changer

Stellenbosch municipality announces tougher water restrictions

By: News24Wire      26th May 2017 The Stellenbosch municipality will also introduce Level 4 water restrictions from June 1, with exemptions available on application for the town's important agricultural and nursery industries, it announced on Thursday. This is after Western Cape Premier Helen Zille declared a drought disaster in... 

New State capture report launched at Wits

By: News24Wire      26th May 2017 The need for drastic economic reform cannot justify the widespread looting of state coffers, while the current state capture networks active in South Africa pose a dire threat to the country's long-term future. These were some of the sentiments shared by a group of academics gathered at the Wits... 

New State capture report launched at Wits

SA Mint should review Mandela coin plans after Royal Mint blazes new platinum coin trail

By: Martin Creamer     26th May 2017 The decision of the Royal Mint, in the UK, to launch its first-ever platinum bullion products has rekindled hopes that the South African Mint will wipe the dust off its plans for a Mandela coin in platinum and mimic some of its gold coin success. In what is potentially a beneficial measure to... 

SA Mint should review Mandela coin plans after Royal Mint blazes new platinum coin trail
Photo by Darlene Creamer
This week's Mining Weekly cartoon on prospect of launching a platinum Mandela coin.

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      26th May 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

Hazelton Pumps, Weir Minerals win big at Seifsa Awards for Excellence

     25th May 2017 Family-owned Hazelton Pumps and engineering solutions provider Weir Minerals were the big winners at the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Awards for Excellence. Almost 100 guests representing small and large companies in the metals and engineering sector... 

Data costs to be subject of market inquiry 

By: African News Agency      25th May 2017 A market inquiry into high data costs in South Africa is on the horizon. “We will also in the budget speech, note that I will be making request to the Competition Commission to conduct a market inquiry into the high cost of data,” Economic Development Minister Ebrahim Patel said during a media... 

SARB holds repo rate on inflation concerns

By: Reuters     25th May 2017 South Africa's central bank kept its benchmark repo rate steady at 7% on Thursday, as expected, citing concerns about the inflation outlook, even though it cut its growth forecasts. Governor Lesetja Kganyago said consumer inflation is now within the bank's target of between 3% and 6%, but the... 

CSP projects boost South Africa’s green economy

By: Anine Kilian     25th May 2017 Global private engineering company Sener believes the 50 MW Bokpoort concentrated solar power (CSP) plant, together with the 100 MW Ilanga and 100 MW Kathu CSP plants, will significantly contribute to South Africa’s green economy. Sener is the engineering, procurement and construction partner on... 

CSP projects boost South Africa’s green economy
Bokpoort CSP

Jasco acquires majority stake in Reflex

By: Natasha Odendaal     25th May 2017 JSE-listed Jasco Electronics has acquired a majority 51% stake in Johannesburg-based information technology (IT) managed services group Reflex Solutions for R39.8-million. The acquisition of Reflex, which recently expanded into fibre-to-the-home (FTTH) solutions, adding to a portfolio of hosted... 

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