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There is hope for South Africa’s manufacturing sector – October

By: Anine Kilian     Updated 6 hours ago South Africa has the potential to revive, remould and expand its manufacturing sector through partnerships between industry and government, Department of Trade and Industry deputy director general Lionel October said on Wednesday. Addressing delegates at the Manufacturing Indaba, in Sandton, he... 

There is hope for South Africa’s manufacturing sector – October
DTI deputy director general Lionel October

Binding constraints affecting South Africa’s growth – Matona

By: Simone Liedtke     Updated 6 hours ago There are binding constraints, including policy uncertainty, a regulatory environment that is not conducive to investment, and no sustained long-term partnerships between government and the industry, that are limiting South Africa’s growth potential, says National Planning Commission (NPC)... 

Education, NDP execution crucial in reaching development goals – Mohale

By: Simone Liedtke     Updated 6 hours ago Out of the 400 South African companies listed on the JSE, only 212 have reported on their black economic empowerment (BEE) activities in the last two years, Business Leadership South Africa CEO Bonang Mohale said on Wednesday. National statistics, he highlighted during an address at the Vision... 

Education, NDP execution crucial in reaching development goals – Mohale
BLSA CEO Bonang Mohale

Gauteng aims for integrated public transport ticketing in 2020

By: Irma Venter     20th June 2018 Gauteng commuters should, in 2020, be able to use one card/ticket for all their public transport journeys, across all modes, such as rail and bus. Speaking at the i-Transport and UATP Go Green, Go Smart conference in Midrand on Wednesday, Gautrain Management Agency technical and project services... 

Gauteng aims for integrated public transport ticketing in 2020

Basil Read applies for suspension of listing

By: Reuters     Updated 1 hour 36 minutes ago South African construction firm Basil Read Holdings said on Wednesday it had applied to the Johannesburg Stock Exchange for the voluntary suspension of the listing of its shares after a key unit started business rescue proceedings. The cash-strapped company announced on Friday that Basil Read... 

Momentum in local procurement can bolster South African SMME growth

By: Schalk Burger     Updated 7 hours ago While small, medium-sized and microenterprises (SMMEs) in South Africa do not contribute the equivalent proportion to employment or gross domestic product as those in developed countries, there are various initiatives that are helping to draw SMMEs into the formal sector and into larger supply... 

SMEs invited to apply for grant funding

By: Nadine James     20th June 2018 A new application round has opened for the R12.8-million Growth Fund to boost small and medium-sized enterprise (SME) growth and job creation. The Growth Fund is a grant fund specifically aimed at growing South African SMEs that need a cash injection to scale up their businesses and create jobs.   

S African automotive sector encouraged to embrace Fourth Industrial Revolution

By: Anine Kilian     20th June 2018 The automotive industry is undergoing tremendous transformation and change and there are various challenges that need to be addressed within South Africa’s automotive industry, African Innovators director Sherrie Donaldson said at the Manufacturing Indaba, in Sandton, on Wednesday. Speaking as... 

Cost competitiveness key for a thriving energy sector

By: Anine Kilian     Updated 6 hours ago The number of power projects across Africa and South Africa has grown in the last few years and has given rise to many opportunities, but also challenges, Trade and Industrial Policy Strategies executive director Saul Levin said on Wednesday. Speaking at the Manufacturing Indaba, in Sandton, he... 

More calls for Eskom to be restructured

By: Marleny Arnoldi     Updated 7 hours ago A South Africa-focused panel discussion at the Africa Energy Forum, in Mauritius, on Wednesday, concluded that while State-owned Eskom, as a dominant player in South Africa’s energy sector, needed to be restructured, so too did the energy industry as a whole. Panel moderator and publication house... 

Energy forum panelists reiterate need for regional integration in Africa

By: Marleny Arnoldi     20th June 2018 A panel of speakers at the 2018 Africa Energy Forum, in Mauritius, on Wednesday, agreed that Ministers of energy in Africa and other stakeholders should focus on regional power integration, and what would work accordingly, rather than debating country-specific suitable energy resources and... 

‘Prudent’ consolidation positions Accelerate for future growth – COO

By: Nadine James     20th June 2018 JSE-listed Accelerate Property Fund on Wednesday posted stable financial results for the year ended March 31, reporting a 57.56c a share distribution, in line with guidance. Since listing on the JSE in December 2013, the company’s portfolio has grown from about R5-billion to R12.3-billion,... 

Sephaku warns of lower FY earnings

By: Nadine James     20th June 2018 Sephaku Holdings on Wednesday advised shareholders that the company earnings for the 2018 financial year, ended March 31, are expected to be between 32% and 40% lower than the R68-million reported for 2017 financial year. Sephaku attributed the decrease in earnings to poor performances from its... 

S&P's doesn't see downside risks to South Africa's sovereign rating

By: Reuters     20th June 2018 S&P's Global Ratings does not see downside risks to South Africa's sovereign credit rating, its Africa regional manager said on Wednesday. "A stable outlook at this point signals to you the risks are not stacked on the downside (or) medium term ... unless obviously the situation would worsen... 

Mining charter, illegal mining, FDI in the spotlight  

20th June 2018 Mining Weekly editor Martin Creamer unpacks the news around the mining charter, illegal mining and FDI in the junior miners fund. 

Mining charter, illegal mining, FDI in the spotlight

Hyundai teams up with VW's Audi to boost hydrogen cars

By: Reuters     20th June 2018 Hyundai agreed a deal with Audi on Wednesday to collaborate on hydrogen car technology, hoping to boost an energy segment that has lagged behind battery electric vehicles. The South Korean firm wants to increase the uptake of hydrogen cars, which are propelled by electricity generated by fuel... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

Trust in South African government dips, businesses most trusted - survey

By: News24Wire      20th June 2018 South Africans do not place much trust in their government. This is according to a new global survey that has placed the country at the bottom of a list of 28 countries that were surveyed. The 2018 Edelman Trust Barometer report measured the public's trust across four sectors – government,... 

South Africa's GDP growth expected to hit 1.7% in 2018

By: Reuters     20th June 2018 South Africa's economy is expected to recover from a poor start this year, rescued by stronger growth in the rest of the world, a Reuters poll found on Wednesday. South African gross domestic product shrank 2.2% in the first quarter, led by a slowdown in agriculture and mining, after expanding... 

South Africa's GDP growth expected to hit 1.7% in 2018

'The future we don't want is already happening' – climate change expert

By: News24Wire      20th June 2018 The future we don't want is already happening with more intense droughts, floods, heat waves, blackouts, food shortages and sea levels gradually rising. It may sound like a post-apocalyptic movie, but delegates to the Adaptation Futures 2018 conference in Cape Town heard that these climate change... 

VW, Ford confirm talks on possible commercial vehicle tie-up

By: Reuters     20th June 2018 Volkswagen and Ford Motor Co are talking about jointly developing and building a range of commercial vehicles including vans, the companies confirmed on Tuesday. A Reuters story earlier on Tuesday said VW and Ford were discussing joint production of vans. 

Trade unions to respond to Eskom's 4.7% wage offer increase

By: African News Agency      20th June 2018 Trade unions involved in wage negotiations with Eskom will give a joint response to the power utility's revised 4.7 percent wage offer when the talks resume for the second day on Wednesday morning. In a joint statement, the National Union of Mineworkers, the National Union of Metalworkers of... 

 Trade unions to respond to Eskom's 4.7% wage offer increase

Trade unions to debate Eskom's 4.7% wage offer increase

By: News24Wire      20th June 2018 All recognised trade unions at Eskom met with South Africa's power utility on Tuesday to restart wage talks and would debate the new offer, the unions said. In a joint statement, the National Union of Mineworkers, the National Union of Metalworkers of South Africa, and Solidarity said they met... 

 Trade unions to debate Eskom's 4.7% wage offer increase

PTM subsidiary, Capricorn municipality ink plan to increase water supply

By: Simone Liedtke     19th June 2018 Waterberg JV Resources, the operating company of the Waterberg Joint Venture (JV), has entered into an agreement with the Capricorn district municipality, in Limpopo, to jointly develop a water supply management plan to increase the water supply and infrastructure capacity for both the local... 

Attacq appoints new CEO, CFO

By: Simone Liedtke     19th June 2018 JSE-listed Attacq has appointed Melt Hamman CEO and Raj Nana CFO and executive director, with immediate effect. “After a rigorous process we are delighted to permanently appoint Melt as the CEO. Melt has provided the team with clear direction and guidance as interim CEO and has a strong history... 

First equipment brings relief to Ngqura port maintenance

By: Simone Liedtke     19th June 2018 The Port of Ngqura, located in Port Elizabeth, has received its first piece of maintenance equipment since the port became operational in 2009. Valued at about R1.8-million, a crane truck was specifically modified to meet the port’s unique requirements. 

First equipment brings relief to Ngqura port maintenance

Female civil engineer appointed Saice Amathole region chair

By: Simone Liedtke     19th June 2018 Engineering and architecture company GIBB technologist Onke Ngacu has been appointed chairperson of the South African Institution of Civil Engineering (Saice) Amathole region. She is the first black woman to hold the position. 

Female civil engineer appointed Saice Amathole region chair
Newly-appointed chairperson of the South African Institution of Civil Engineering (Saice) Amathole region Onke Ngacu

Afrimat Construction Index reflects downward trend in construction activity in Q1

By: Simone Liedtke     19th June 2018 It is concerning that the construction sector – South Africa’s most labour-intensive sector in terms of labour/capital ratios – is not growing, said economist Dr Roelof Botha on Tuesday at the release of the Afrimat Construction Index (ACI) for the first quarter. The ACI, compiled by Botha on... 

Mining, manufacturing sectors urged to focus on local content

By: Anine Kilian     19th June 2018 There is a close relationship between mining and manufacturing, especially in terms of the equipment that is manufactured and supplied to the mining industry, Manufacturing Circle executive director Phillipa Rodseth said at the Manufacturing Indaba, on Tuesday. Speaking during a panel session on... 

Renewables, decentralisation top energy trends in Africa – Aggreko

By: Marleny Arnoldi     19th June 2018 The pace of electrification in Africa has nearly tripled since 2012, relative to the previous decade, with electrification in sub-Saharan Africa surpassing population growth for the first time in 2014. However, there is a long way to go to realise continental electrification, says Aggreko CEO... 

Renewables, decentralisation top energy trends in Africa – Aggreko

AfDB pledges $12bn for Africa’s energy development

By: Marleny Arnoldi     19th June 2018 The African Development Bank (AfDB) has placed access to sustainable energy development at the heart of its strategy, with the biggest priority ensuring improved access to electricity across the continent. AfDB power, energy, green growth and climate change VP Amadou Hott told delegates at the... 

Inaugural Factory of the Year competition to include future-proofing benchmark

By: Terence Creamer     19th June 2018 Global management consulting firm AT Kearney has officially launched the South African version of its internationally recognised ‘Factory of the Year’ competition and is urging domestic manufacturers to enter ahead of the August 20 deadline for submissions. AT Kearney partner and Africa MD Theo... 

Inaugural Factory of the Year competition to include future-proofing benchmark
AT Kearney partner and Africa MD Theo Sibiya

Global interest in investing in African energy sector picking up – Minister

By: Marleny Arnoldi     19th June 2018 The willingness and interest to invest in the African energy sector is picking up globally, says Mauritius Deputy Prime Minister and Energy and Public Utilities Minister Ivan Collendavelloo. Speaking at the Africa Energy Forum, now in its twentieth year, in Mauritius, on Tuesday, he said the... 

Eskom wage talks off to a bad start – union

By: News24Wire      19th June 2018 Talks between Eskom and unions got off to a bad start on Tuesday, with the power producer reneging on its earlier agreement to include "high-powered" members in its delegation, a union spokesperson said. "The talks started this morning, but we are not happy with Eskom’s failure to honour its... 

 Eskom wage talks off to a bad start – union

Gauteng Transport Authority Bill approved by Cabinet, Gautrain 2 ‘held back’ by Treasury

By: Irma Venter     19th June 2018 The bill to establish a Gauteng Transport Authority (GTA) has been approved by Cabinet. Speaking at the i-Transport and UATP Go Green, Go Smart conference in Midrand on Tuesday, Gauteng Roads and Transport MEC Dr Ismail Vadi said the bill would now be tabled at the Gauteng legislature “within the... 

Gauteng Transport Authority Bill approved by Cabinet, Gautrain 2 ‘held back’ by Treasury
Gauteng Roads and Transport MEC Dr Ismail Vadi

South Africa ahead of renewable energy curve – adviser

By: Simone Liedtke     19th June 2018 Despite the South African renewables market being in its infancy in comparison to well-established markets, South Africa is ahead of the curve, says owner’s engineer and lender’s technical adviser K2 Management. This, K2 Management South Africa country director Hebren James explains, is owing to... 

South Africa ahead of renewable energy curve – adviser

City of Cape Town will take 3 years to deal with drought impact - De Lille

By: African News Agency      19th June 2018 It will take at least three years for the City of Cape Town to deal with the impact of climate change and the current drought on the city, Cape Town mayor Patricia de Lille said on Tuesday. Welcoming delegates to Adaptation Futures 2018, the world’s leading conference on climate change adaptation... 

 City of Cape Town will take 3 years to deal with drought impact - De Lille
Photo by Reuters
Cape Town Mayor Patricia de Lille

Saica to start disciplinary proceedings against former Eskom CFO Anoj Singh

By: News24Wire      19th June 2018 The South African Institute of Chartered Accountants (Saica) announced on Tuesday it will start disciplinary proceedings against former Eskom CFO Anoj Singh. This follows a period of investigation and the professional body's decision to issue charges of misconduct against the chartered accountant. 

Saica to start disciplinary proceedings against former Eskom CFO Anoj Singh
Photo by Creamer Media
Former Eskom CFO Anoj Singh

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