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Zuma beats off efforts to oust him

By: African News Agency      Updated 40 minutes ago President Jacob Zuma has survived a second attempt to force him to step down in 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 beats off efforts to oust him
Photo by Duane Daws
President Jacob Zuma

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

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

G7 leaders turn gaze to Africa, climate harmony elusive

By: Reuters     Updated 15 minutes 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... 

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

By: Reuters     Updated 20 minutes 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 24 minutes 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... 

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... 

Construction begins on world's largest telescope in Chilean desert

By: Reuters     Updated 18 minutes 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... 

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

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 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

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

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

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... 

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. 

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... 

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... 

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... 

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... 

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

The Gupta Emails

By: News24Wire      Updated 46 minutes 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

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... 

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... 

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

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.

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... 

GEPF assures its funds are not used to bail out troubled SAA

By: Natasha Odendaal     25th May 2017 The Government Employees Pension Fund (GEPF) on Thursday assured that it was not funding the recapitalisation of ailing national airliner South African Airways (SAA), nor had it been approached to contribute. Speculation emerged last week that the GEPF’s assets will be used, through its fund... 

‘Onerous’ Northern Aqueduct project impacts Esor’s FY17 results

By: Anine Kilian     25th May 2017 Losses of R102-million incurred on the Northern Aqueduct water pipeline project, in KwaZulu-Natal, severely impacted on JSE-listed Esor’s profitability for the year ended February 28. The nonrealisation of the R50-million Franki agterskot in terms of the three-year earn-out clause under the sale... 

Cabinet approves revised National Radio Frequency Plan

By: Natasha Odendaal     25th May 2017 South Africa’s Cabinet on Wednesday endorsed the revised National Radio Frequency Plan (NRFP) 2017, submitted by the Department of Telecommunications and Postal Services, which aims to ensure the most efficient use of radio frequency spectrum. The Independent Communications Authority of South... 

CompCom approves AMSA’s buyout of Thabazimbi mine

By: Megan van Wyngaardt     25th May 2017 The Competition Commission has recommended the Competition Tribunal approve ArcelorMittal South Africa’s (AMSA’s) proposed acquisition of the Thabazimbi mine, in Limpopo. Kumba Iron Ore in February agreed to transfer the mine to AMSA. Until 2014, the mine was a captive mine owned and run by Kumba... 

South Africa's govt wants Sinopec to retain refinery capacity 

By: Reuters     25th May 2017 South Africa is in talks with China's Sinopec over its take-over of Chevron Corp's Cape Town refinery and will look to ensure that production capacity was retained and enhanced, Economic Development Minister Ebrahim Patel said on Thursday. Sinopec will pay almost $1-billion for a 75% stake in... 

Competition Commission approves Denel buy of local aero-engine company

By: Keith Campbell     25th May 2017 South Africa’s Competition Commission has recommended that State-owned defence and aerospace group Denel be allowed to buy local aero-engine company Turbomeca Africa (TMA). The recommendation was given to the Competition Tribunal. The Commission announced this decision on Thursday.  

Political developments mar Massmart’s first-half performance

By: Megan van Wyngaardt     25th May 2017 Massmart CEO Guy Hayward on Thursday said the company expected to report “disappointing” results for the first half of the year, as any green shoots in the economy – the drought ending, a stronger rand, potentially lower interest rates, and improvements in the Reserve Bank’s leading indicators –... 

JRA spends R14.4m on bridge joints

By: Megan van Wyngaardt     25th May 2017 The Johannesburg Roads Agency (JRA) has, over the last year, invested R14.4-million in the replacement of 42 bridge expansion joints on 16 bridges across the city, including on Buccleuch drive and the M1 near the Joe Slovo bridges. The repair and replacement of bridge joints forms part of JRA’s... 

JRA spends R14.4m on bridge joints

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