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Transnet confirms legal review of 10-64 locomotive contracts  

By: Terence Creamer     11th November 2019 State-owned logistics group Transnet confirmed on Monday that it is initiating a legal review of the a R49-billion locomotive procurement contract, known as 10-64, having already declared the contracts irregular and unlawful. Speaking at the release of the group’s interim results, acting CEO... 

Transnet acting CEO Mohammed Mahomedy on the initiation of a legal review of the 10-64 contracts. Camera Work: Kutlwano Matlala. Editing Nicholas Boyd. 11.11.2019

Investment case for LNG imports into South Africa to be completed by year-end  

By: Terence Creamer     11th November 2019 State-owned logistics group Transnet says the investment case for the import of liquefied natural gas (LNG) into South Africa will be completed by year-end and that the solution will be aligned with the anticipated drop-off in gas imports from Mozambique from 2023 onwards. The study is being... 

State-owned logistics group Transnet says the investment case for the import of liquefied natural gas into South Africa will be completed by year-end, Transnet chief business development officer Gert de Beer says. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. 11.11.2019

Isuzu announces R1.2bn investment in next-gen bakkie programme 

By: Irma Venter     11th November 2019 Isuzu Motors, of Japan, has confirmed that it will be investing R1.2-billion in the production of its next-generation one-ton bakkie in South Africa, while an additional total local parts and content value of R2.8-billion should be generated through the lifecycle of the assembly programme. This... 

Isuzu announces R1.2bn investment in next-gen bakkie programme
The current generation Isuzu bakkie

AMSA to put Saldanha Works on care and maintenance

By: Tasneem Bulbulia     11th November 2019 Steel producer ArcelorMittal South Africa (AMSA) has decided to undertake an orderly and commercial wind-down of steel operations at its Saldanha Works, with the intent to place the operation on care and maintenance. This follows the completion of the first phase of a review of the operational... 

AMSA to put Saldanha Works on care and maintenance

Forum expected to drive investment to improve regional integration in Africa

By: Marleny Arnoldi     11th November 2019 This year's Africa Investment Forum (AIF) is focused on regional integration and accelerating investment accordingly, says African Development Bank (AfDB) president Akinwumi Adesina. Speaking on the first day of the forum, which is being held in Sandton, he noted that a lack of infrastructure,... 

Fixing Eskom is about more than South Africa, AfDB says

By: Bloomberg     11th November 2019 South Africa’s struggling power utility must be fixed because energy security in the region largely depends on it, according to the African Development Bank (AfDB). Eskom Holdings, which is buckling under R450-billion of debt, is “too big to fail” because it powers Africa’s most-industrialized... 

Peace and stability are key for Africa to draw investors – Ramaphosa

By: African News Agency      11th November 2019 President Cyril Ramaphosa on Monday officially opened the Africa Investment Forum, with a call for the deepening of peace and stability across Africa if the continent were to reach its ambitious investment and trade volume targets. Ramaphosa told delegates, who included fellow heads of state and... 

Peace and stability are key for Africa to draw investors – Ramaphosa
President Cyril Ramaphosa

Concession agreement signed for $3bn Accra SkyTrain

By: Marleny Arnoldi     11th November 2019 Ghana Infrastructure Investment Fund and Africa Investment SkyTrain Consortium Holdings on Monday signed a concession agreement with the government of Ghana towards the development of a world-class mass transport system in the city of Accra.   The Accra SkyTrain system, valued at about... 

Vodacom’s interim earnings up nearly 20%

By: Natasha Odendaal     11th November 2019 Telecommunications giant Vodacom on Monday posted an 18.9% year-on-year increase in headline earnings a share to 460c and a 19.4% year-on-year increase in earnings a share to 461c for the six months ended September 30. This was attributed to the one-off R1.5-billion broad-based black... 

Raubex’s interim performance improves following rightsizing efforts

By: Tasneem Bulbulia     11th November 2019 Infrastructure development and construction materials group Raubex is now in a better position to manage the lower volume of construction work available in the market and has maintained sufficient capacity to participate in an anticipated improvement in the sector, CEO Rudolf Fourie said on... 

Tourism industry welcomes waiver of unabridged birth certificates

By: Tasneem Bulbulia     11th November 2019 South African Tourism acting CEO Sthembiso Dlamini says a waiver signed by Home Affairs Minister Dr Aaron Motsoaledi on Friday, allowing foreign children to enter the country without carrying additional supporting documents such as unabridged birth certificates and consent letters, would be... 

Tourism industry welcomes waiver of unabridged birth certificates

Conference highlights critical role of small business in the economy

By: Mamaili Mamaila     11th November 2019 The small business sector in South Africa plays a significant role in the national economy, with government’s National Development Plan looking to small-, medium-sized and microenterprises (SMMEs) to create 11-million jobs and help drive economic growth, project delivery company Worley project... 

Tribunal dismisses bus company’s application for interim interdict against PRASA

By: Tasneem Bulbulia     11th November 2019 The Competition Tribunal has dismissed an interim relief application by Africa People Mover (APM), which had sought to retain its access to one of Africa’s biggest passenger railway stations – Johannesburg Park Station. The tribunal dismissed APM’s application with costs, including the costs of... 

Water dept steps in to ease Free State shortages

By: Tasneem Bulbulia     11th November 2019 To augment dwindling water levels in the Free State, the Department of Water and Sanitation has released water from the Saulsport dam to benefit areas such as Frankfort, Tweeling and Reitz. The department on Monday said the Saulsport dam was in a better state this week, at 80%, compared with most... 

Water dept steps in to ease Free State shortages

Iata urges African airlines and countries to address issues hampering the sector

By: Rebecca Campbell     11th November 2019 International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac on Monday urged the member airlines of the African Airline Association (AFRAA) to focus on safety, cost-competitiveness, opening Africa to trade and travel, and gender diversity. He was addressing the... 

Iata urges African airlines and countries to address issues hampering the sector
Photo by IATA
Alexandre de Juniac

Allan Gray, founder of South Africa fund manager, dies at age 81

By: Bloomberg     11th November 2019 Allan Gray, the founder of Cape Town-based asset manager that bears his name, has died. He was 81. “It is with deep sadness that we share the news of the death of Allan William Buchanan Gray on 10 November 2019, of natural causes,” the company said in an emailed statement Monday. 

Aspen to sell Japanese operations to Sandoz for up to €400m

By: Tasneem Bulbulia     11th November 2019 JSE-listed Aspen’s subsidiary, Aspen Global Incorporated (AGI), which is incorporated in Mauritius, has concluded an agreement to sell its Japanese operations and any related intellectual property to multinational pharmaceutical company Sandoz, a Novartis division, for up to €400-million in cash.... 

Angola may seek almost half the power from a $14bn Congo hydro plant

By: Bloomberg     11th November 2019 Angola may buy as much as 5 000 MW from neighbouring Democratic Republic of Congo’s proposed $14-billion hydropower plant. In its current design, the Inga III dam would be the biggest hydropower plant in Africa, generating 11 050 MW. The two partners developing the project – one Chinese, one... 

Business folk tell me they're more hopeful now – Ramaphosa  

By: News24Wire      11th November 2019 Despite business confidence figures languishing at multi-year lows, President Cyril Ramaphosa says that business people are telling him they are more hopeful about investing. The president dedicated his weekly newsletter to the second annual investment conference which he presided over last week... 

 Business folk tell me they're more hopeful now – Ramaphosa
President Cyril Ramaphosa

Electricity system remains constrained and vulnerable – Eskom

By: African News Agency      11th November 2019 South Africa's electricity system remains extremely constrained and vulnerable as generating plants perform at very low levels of reliability, with a probability of rotational blackouts being implemented if there is any unexpected deterioration, power company Eskom said on Monday. Eskom said it... 

Electricity system remains constrained and vulnerable – Eskom

Western Cape government to drive gas agenda

By: Marleny Arnoldi     8th November 2019 The Western Cape government has completed a comprehensive study to assess the feasibility of importing liquefied natural gas (LNG) through Saldanha Bay and developing gas storage, transmission and distribution infrastructure along the West Coast corridor. The study confirms that the Western... 

Ramaphosa promises equal protection of the law as he opens Mpumalanga High Court

By: Yvonne Silaule     8th November 2019 President Cyril Ramaphosa on Friday promised that each province would eventually have its own High Court, giving all citizens access to justice regardless of their social circumstances. Speaking at the official opening of the Mpumalanga High Court, in Mbombela, he said residents of the province... 

Ramaphosa promises equal protection of the law as he opens Mpumalanga High Court

Japan-South Africa Business Council aims to add to winning World Cup momentum 

By: Terence Creamer     8th November 2019 Hot on the heels of South Africa’s famous Rugby World Cup victory in Yokohama on November 2, Japan and South Africa have formally agreed to create a business council that will seek to further strengthen trade and investment relations between the two countries. The Japan-South African Business... 

Japan-South Africa Business Council aims to add to winning World Cup momentum
Photo by Creamer Media's Dylan Slater
Japanese Ambassador to South Africa Norio Maruyama

OptiPower making progress on EC wind farm project, welcomes benefits of M&R buyout 

By: Tasneem Bulbulia     8th November 2019 Transmission and distribution services provider OptiPower Projects, which was recently acquired by Murray & Roberts (M&R), is progressing with its work on the Golden Valley Wind Farm, in the Eastern Cape. The 120 MW Golden Valley project is a BioTherm Energy development, comprising 48 2.5 MW... 

OptiPower making progress on EC wind farm project, welcomes benefits of M&R buyout

AIDC to deliver, operate auto SEZ, eighteen confirmed occupancies so far

By: Marleny Arnoldi     8th November 2019 The Automotive Industry Development Centre (AIDC) will deliver and operate Africa’s first automotive city project, on behalf of the Gauteng provincial government. The Tshwane Automotive City Special Economic Zone (SEZ) was launched by President Cyril Ramaphosa on Tuesday.  

AIDC to deliver, operate auto SEZ, eighteen confirmed occupancies so far
Photo by Creamer Media's Dylan Slater
Automotive SEZ launch

Serco invests in renewable energy for its Durban factory

By: Marleny Arnoldi     8th November 2019 Truck body manufacturer Serco Industries has invested R5-million in a solar rooftop plant for its Durban factory. A total 1 029 solar panels have been installed on the roof of the truck and trailer building factory, allowing the premises to be off the grid during the day.  

Serco invests in renewable energy for its Durban factory
Serco's factory in Durban with solar panels

TRAC intervenes to alleviate truck backlog between Komatipoort, Lebombo border post

By: Marleny Arnoldi     8th November 2019 Toll route manager Trans African Concessions (TRAC) has expressed concern about a truck backlog between the Komati Load Control Centre and the Lebombo Border Post over the past few weeks. The backlog is negatively impacting on the N4 toll route.  

Mobilisation of private finance key to closing Africa’s $2.6tr energy gap 

By: Terence Creamer     8th November 2019 State budgets and development finance will not be sufficient to fund the investments required to meet Africa’s growing power demands to 2040, a new International Energy Agency (IEA) report warns. Titled ‘Africa Energy Outlook 2019’, the report states that cumulative investments of $2.6-trillion,... 

Mobilisation of private finance key to closing Africa’s $2.6tr energy gap

Deputy Minister calls for back-up power at Rooiwaal wastewater treatment works

By: Marleny Arnoldi     8th November 2019 Water and Sanitation Deputy Minister David Mahlobo on Friday raised concerns about the lack of back-up electricity capacity at the Rooiwaal wastewater treatment works, which has left large parts of Hammanskraal without reliable water supply for weeks. The treatment works was struck by lightning... 

Tiger Brands to sell value-added meats business

By: Marleny Arnoldi     8th November 2019 JSE-listed Tiger Brands has started a formal due diligence process towards selling its value-added meat products (VAMP) business. The company started an evaluation of the role of the VAMP business within the group’s portfolio in 2017, given the business’ unique value chain and the perishable... 

Tiger Brands to sell value-added meats business

High chance of load-shedding later today – Eskom

By: News24Wire      8th November 2019 Eskom announced on Friday morning that South Africa's national power system remains "tight and vulnerable" with a high risk or rotational power cuts later in the day.  This comes after the power utility terminated stage 2 load-shedding at 05:00 on Friday morning. The utility did not say when... 

 High chance of load-shedding later today – Eskom

SepHold expects lower HEPS for H1

By: Marleny Arnoldi     8th November 2019 JSE-listed Sephaku Holdings (SepHold) expects to report lower headline earnings per share (HEPS) of between 3.36c and 4.37c for the six months ended September 30, compared with the HEPS of 12.59c reported for the six months ended September 30, 2018. The company attributed the lower earnings to... 

SepHold expects lower HEPS for H1

Clear buying-down trend in truck market, says UD Trucks

By: Irma Venter     8th November 2019 Despite South Africa’s struggling economy, the truck market has grown by 3.1% in the first ten months of the year, compared with the same period last year. According to the latest sales results, 23 190 new trucks and buses, in total, have been sold so far in 2019.   

Clear buying-down trend in truck market, says UD Trucks

VWSA notches up production record, in the hunt for annual record

By: Irma Venter     8th November 2019 Volkswagen Group South Africa (VWSA) has set a new record for the number of vehicles produced in one month. The company’s plant in Uitenhage, in the Eastern Cape, produced 16 453 vehicles in October, exceeding the company’s previous record, set a decade ago, in October, 2009, when the plant... 

VWSA notches up production record, in the hunt for annual record

BMW set to launch electric Mini in South Africa in 2020

By: Irma Venter     8th November 2019 BMW Group South Africa (BMW SA) will launch the fifth fully electric vehicle (EV) to enter the local market in the middle of next year – the Mini Copper SE. This move means BMW SA will also be the first manufacturer to have two EV models available in the local market. 

BMW set to launch electric Mini in South Africa in 2020

Gautrain resumes full train service after power outage left morning commuters stranded

By: African News Agency      8th November 2019 Commuter service Gautrain resumed full services on Friday after hundreds of passengers were earlier left stranded when a power outage forced trains to stop running halfway between Johannesburg and Pretoria and on the route between the Sandton district and OR Tambo International Airport. "We are... 

Gautrain resumes full train service after power outage left morning commuters stranded

Green SanteQ lightweight walling system in heavy demand

By: Tracy Hancock     8th November 2019 Discussions are under way with developers in the Democratic Republic of Congo, Ghana and Botswana for the supply of the ‘green’, locally produced SanteQ lightweight walling system, as well as  for potential partnerships and projects in Sri Lanka, the UK and Australia. Introduced early this year,... 

Green SanteQ lightweight walling system in heavy demand

Opinion: Staying put in Mzansi

By: Martin Zhuwakinyu     8th November 2019 In this opinion piece, Engineering News Senior Deputy Editor Martin Zhuwakinyu writes about the #ImStaying movement. Humans have a propensity for being highly vocal when they are unhappy about how they are governed and for showing little hesitation in moving to lands where the grass appears to be... 

Opinion: Staying put  in Mzansi

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