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Sep 01, 2015
   
Updated 5 hours ago Global management consultancy McKinsey & Company argues that South Africa should urgently pursue a ‘big gas’ energy option to bridge an electricity supply gap of between 6 GW and 10 GW that could arise by 2025 as older coal-fired power stations are decommissioned....
 
Aug 31, 2015
Energy Minister Tina Joemat-Pettersson
There are indications that South Africa’s much neglected gas industry may start seeing renewed activity, as Energy Minister Tina Joemat-Pettersson on Monday pushed forward her ambitions for immediate focus to shift to the development of gas-sourced power, alongside...
Aug 31, 2015
Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that processes had been initiated “with immediate effect” that could result in the retrenchment of 400 people at the Vereeniging meltshop and the forge, in southern Gauteng. An “industrial footprint...
Aug 31, 2015
Three formal bids have been received by the practitioners presiding over the business rescue of steel producer Evraz Highveld Steel and Vanadium and a preferred bidder could be named by as early as Wednesday. Business rescue practitioner Piers Marsden told...
Aug 31, 2015
Louwtjie Nel
The slow Australian market and a declining mining sector took their toll on construction group Wilson Bayly Holmes-Ovcon (WBHO) for the year ended June 30, with operating profit sliding to R602-million, down sharply from the previous year’s R978-million. Earnings a...
Aug 31, 2015
FMCSA's Struandale engine plant
Ford Motor Company of Southern Africa’s (FMCSA’s) Struandale engine plant, in Port Elizabeth, last week launched Job 1 of its latest generation Duratorq TDCi engines. Production of the new units sees installed capacity at the plant increase from 75 000 to 110 000...
Aug 31, 2015
Koeberg unit 2 will be shut down on Monday August 31 for scheduled refuelling and maintenance and is expected to return back to service by mid-December 2015, Eskom said late Monday afternoon. The scheduled shutdown of Koeberg unit 2 is part of Eskom’s overall...
Aug 31, 2015
Several trade unions, representatives of the Department of Mineral Resources and leaders from the Chamber of Mines (CoM) have committed to embarking on a ten-point action plan aimed at stemming the deluge of jobs in the buckling sector, on Monday signing a...
Aug 31, 2015
South Africa recorded a trade deficit of R400-million ($30-million) in July from a revised surplus of R5.5-billion in June, the national revenue agency said on Monday. Exports increased by 4.7% to R94.2-billion, while imports were up 12% to R94.6-billion on a...
 
Aug 31, 2015
After recent reports by the Auditor-General and Public Protector pointed to several tender irregularities, as well as fruitless and wasteful expenditure, at the Passenger Rail Agency of South Africa (PRASA), the agency has committed to “taking appropriate steps” to...
Aug 31, 2015
The Democratic Alliance says it will on Monday submit an application in terms of section 18 (1) of the Promotion of Access to Information Act (PAIA) to obtain the tender contract details of the acquisition of the Afro4000 diesel locomotives from the Spanish company...
Aug 31, 2015
An investigation is to be launched into allegations of cronyism and corruption within certain Gauteng Department of Infrastructure Development (GDID) programmes. MEC Nandi Mayathula-Khoza, speaking before the Gauteng infrastructure portfolio committee at the...
Aug 31, 2015
Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe
President Jacob Zuma has transferred the Ministry of Planning, Monitoring and Evaluation to the Department of Planning, Monitoring and Evaluation (DPME), thus completing the reconfiguration of government in line with changes made to the National Executive in May...
Aug 31, 2015
South Africa is set to play host to Africa’s first international renewable-energy conference, providing a platform to showcase the continent’s numerous renewable-energy projects to high-level international delegates, in Cape Town, from October 4 to 7. The South...
Aug 31, 2015
A delay in repairs to the hospital ship Africa Mercy has driven a two-and-a-half week adjustment of timelines for Transnet National Ports Authority’s (TNPA’s) R30-million repair project at the Prince Edward Graving Dry Dock, in Durban. This came after private ship...
Aug 31, 2015
The high court in Pretoria has struck another blow to the technology company that is trying to hold on to the lucrative contract to operate the electronic national administration traffic information system (eNaTIS). Judge Wendy Hughes on Friday last week approved the...
Aug 31, 2015
“Excellent trading results” in the food, electrical, industrial, paperplus, services and rental and products divisions of JSE-listed Bidvest, pushed the group’s headline earnings per share (HEPS) up by 8.6% to R18.82 for the year ended June 30, from R17.34 in 2014....
 
Aug 31, 2015
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