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Nersa grants Eskom's tariff hike, but not 20%

By: News24Wire      15th December 2017 South Africa's National Energy Regulator (Nersa) has declined Eskom request for a 20% hike, instead granting Eskom a 5.2% hike. The regulator is due to publish a document outlining the decision in the next couple of days, Nersa chair Jacob Modise said. The 5.23% tariff increase, announced by... 

Nersa grants Eskom's tariff hike, but not 20%

Appointment of new Eskom CEO a priority - Minister Brown

By: African News Agency      15th December 2017 Public Enterprises minister Lynne Brown said on Friday that the process of appointing a new permanent group chief executive for power utility Eskom was "a priority" and that the finalization of the investigation into suspended executives was of "paramount importance". This comes as news... 

Sappi confirms expansion plans for dissolving wood pulp capacity

By: Creamer Media Reporter      15th December 2017 JSE-listed Sappi has announced plans to “significantly” expand its dissolving wood pulp (DWP) capacity by 2020, starting with the preparatory work for the potential expansion of its Saiccor DWP mill. The company aims to increase the mill’s capacity by up to 250 000 t/y to meet strong projected... 

Sappi confirms expansion plans for dissolving wood pulp capacity
Photo by Duane Daws
Ngodwana mill

Busa raises red flag over lack of IRP consultations

By: Creamer Media Reporter      15th December 2017 Business Unity South Africa (Busa) on Friday said it was concerned over a lack of consultation on the final draft of the updated Integrated Resource Plan (IRP), which was approved by Cabinet last week. The IRP determines South Africa’s long-term electricity demand and details how the demand... 

Busa raises red flag over lack of IRP consultations

Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury

By: Schalk Burger     15th December 2017 The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

Sars to collect sugar tax from April

By: Natasha Odendaal     15th December 2017 The South African Revenue Service (Sars) will start collecting the sugary beverages levy (SBL) from April 1. The levy is fixed at 2.1c/g for a sugar content exceeding the levy-free threshold of 4 g per 100 ml. 

Balancing rules, safety and certification will be key to drone industry success

By: Dylan Slater     15th December 2017 The regulations and laws governing access to South African air space for remotely piloted aircraft systems (RPASes) are sound and among the “best in the world”, according to commercial drone operator Visual Air Productions director Stephen Verheul. The term RPAS refers to the more common... 

Balancing rules, safety and certification will be key to drone industry success

Paramount delivers foreign adaptation of Marauder to Kazakh special forces

By: Dylan Slater     15th December 2017 Kazakhstan Paramount Engineering (KPE), the Kazakhstani division of South African defence and aerospace company Paramount Group, has delivered a new batch of mine-resistant ambush protected (MRAP) armoured vehicles, called Arlan, to the Kazakhstan Special Forces.  

Paramount delivers foreign adaptation of Marauder to Kazakh special forces
The Arlan is based on the South African-designed and manufactured Marauder MRAP

Star Alliance, Plug and Play partner to develop start-ups

By: Natasha Odendaal     15th December 2017 Global airline alliance Star Alliance has teamed up with start-up accelerator and innovation centre Plug and Play to identify and support relevant start-ups that are developing disruptive technologies in the travel and hospitality industry. The partnership will see the pair “accompany” the... 

Longmeadow solar PV project nearing completion

By: Nadine James     15th December 2017 Solar power specialist Energy Partners (EP) Solar has invested in a photovoltaic (PV) solar system to power South African retailer Pick n Pay’s Longmeadow distribution centre, in Modderfontein, Gauteng. The project is currently about 80% complete and will be fully operational by the end of... 

French Development Agency in discussions with City of Cape Town over climate resilience strategy

By: News24Wire      15th December 2017 The French Development Agency is discussing the possibility of providing financial support for the City of Cape Town's climate resilience strategy as the municipality battles a devastating drought gripping the Western Cape. "This would be mostly around infrastructure needed for desalination and... 

Novare opens two new malls in sub-Saharan Africa

By: Megan van Wyngaardt     15th December 2017 Private equity fund Novare Fund Manager, which invests in retail and commercial real estate in sub-Saharan Africa, excluding South Africa, opened over 34 000 m2 of prime retail space over the last two weeks in Nigeria and Mozambique. Novare Gateway – a modern lifestyle centre of 15 000 m2... 

Green building improvements needed to meet Paris agreement

By: Megan van Wyngaardt     15th December 2017 The energy intensity per square metre of buildings need to improve by 30% by 2030 to keep the Paris Agreement on track, the Global Alliance for Buildings and Construction’s ‘Global Status Report 2017’ has revealed. The report, released on Monday, found that total floor area reached an estimated... 

LafargeHolcim revamps management, trims executive board

By: Reuters     15th December 2017 LafargeHolcim is revamping its management structure to make countries more accountable for results, the world's largest cement maker said on Friday, in a bid to boost growth and performance. "The strengthening of the profit and loss responsibility of the countries and the simplification of global... 

LafargeHolcim revamps management, trims executive board

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      15th December 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

Wiese resigns as Steinhoff chairperson in wake of accounting scandal

By: Reuters     15th December 2017 South African tycoon Christo Wiese resigned on Thursday as chairperson of Steinhoff, the latest setback for the retail group in the throes of an accounting scandal. Once a must-have for investors who backed its reinvention from small furniture outfit into a retail empire, Steinhoff has seen its... 

SAA, Mango rationalise and revise local schedules

By: Natasha Odendaal     14th December 2017 National airliner South African Airways (SAA) and low-cost subsidiary Mango are planning to rationalise their route network to improve efficiencies, provide more diverse offerings and unlock optimal aircraft use. The two airline brands will ensure seamless implementation of the revised schedule,... 

Echo Polska posts another set of strong results

By: Megan van Wyngaardt     14th December 2017 JSE-listed Echo Polska Properties (EPP) has posted growth in distributable earnings to €59.2-million and a distribution per share of €0.8 for the nine months ended September 30. CEO Hadley Dean said during a presentation on Thursday that the company was pleased with another robust performance,... 

Standard Bank SA appoints ex-Treasury DG Lungisa Fuzile as CEO

By: News24Wire      14th December 2017 Standard Bank South Africa on Thursday announced the appointment of Lungisa Fuzile as its new CEO with effect from January 15, 2018. The former director general of the National Treasury will replace Sim Tshabalala, who as recently as September 2017 took over as sole CEO at the bank. Before this,... 

Standard Bank SA appoints ex-Treasury DG Lungisa Fuzile as CEO
Photo by Bloomberg
Former Treasury DG Lungisa Fuzile

Authority to implement plan to protect Lesotho’s local heritage

By: Megan van Wyngaardt     14th December 2017 The Lesotho Highlands Development Authority has appointed PSG Heritage Solutions to develop and implement a comprehensive cultural heritage plan that will protect and manage Lesotho’s rich cultural heritage during the construction and operation of Phase II of the Lesotho Highlands water project.... 

Ansys acquires LAWtrust

By: Natasha Odendaal     14th December 2017 JSE-listed Ansys has entered into a sales agreement with the shareholders of information technology developer Law Trusted Third Party Services (LAWtrust) to acquire the firm for an undisclosed amount. Ansys on Thursday said in an update to the market that the transaction remained subject to... 

Inkunzi making headway in student accommodation 

     14th December 2017 Real estate investment trust Inkunzi Student Accommodation Fund, which listed on the JSE in November, will acquire nine purpose-built, student accommodation assets valued at R1.7-billion. Anine Kilian has the story. 

Inkunzi making headway in student accommodation

Pioneer Foods eyes acquisition of UK granola brand Lizi’s

By: Creamer Media Reporter      14th December 2017 JSE-listed Pioneer Foods plans to acquire, for an undisclosed amount, UK-based The Good Carb Food Company, the owner of granola brand Lizi’s, to add to its breakfast cereals portfolio. Pioneer Foods UK has been manufacturing Lizi’s products under contract for The Good Carb Food Company. 

Data analytics trends spill over into energy sector

By: Natasha Odendaal     14th December 2017 The vision of a low-carbon future allied with advances in the information technology sector are set to become game changers that will shift the future energy landscape as technology gives rise to peripheral industries and cross-sector transformations. The future of energy generation is embedded... 

M&A markets remain resilient despite geopolitical risks

By: Megan van Wyngaardt     14th December 2017 Despite the growth in global geopolitical risks, merger and acquisition (M&A) markets continued to prove highly resilient, with a 19% year-on-year increase recorded in the number of deals valued at between $1-billion and $5-billion, international law firm Allen & Overy’s (A&O’s) latest M&A... 

South Africa's current account deficit narrows, FDI and trade surplus climb

By: Reuters     14th December 2017 South Africa's current account deficit narrowed slightly to 2.3% of GDP in the third quarter and foreign direct investment in Africa's most industrialised economy grew, as did the trade surplus, the central bank said on Thursday, After contracting in the last quarter of 2016 and the first of this... 

PPC ends merger talks with LafargeHolcim; proposes top-up BEE transaction

By: Schalk Burger     14th December 2017 Cement producer PPC’s shares fell by nearly 20% in early morning trade on the JSE on Thursday, after announcing that it has ended merger talks with LafargeHolcim and that it is considering a new black economic empowerment (BEE) transaction. The independent board set up by PPC to evaluate bids... 

PPC ends merger talks with LafargeHolcim; proposes top-up BEE transaction

UK group and top university unveil radical flight control technology demonstrator UAV

By: Rebecca Campbell     14th December 2017 British aerospace, defence, security and shipbuilding group BAE Systems and the University of Manchester unveiled on Wednesday their joint Magma experimental jet-powered unmanned aerial vehicle (UAV) programme. They announced that the Magma had successfully completed its first phase of flight... 

UK group and top university unveil radical flight control technology demonstrator UAV
Photo by BAE Systems
The Magma UAV. Chairs just visible in the background give a rough idea of scale

Electronic waste at new high, squandering gold, other metals – study

By: Reuters     14th December 2017 Electronic waste rose to a record 45-million tonnes worldwide in 2016, squandering valuable metals such as gold and copper since few trashed televisions, cellphones or other products get recycled, a UN-backed study showed on Wednesday. Rising incomes and falling prices for everything from solar... 

GEPF, PIC insist on joining board committee investigating Steinhoff

By: Megan van Wyngaardt     13th December 2017 The Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) insist that they form part of the board committee investigating Steinhoff International. Steinhoff last week announced that its CEO Markus Jooste has stepped down amid allegations of financial irregularities. 

Koeberg Unit 1 passes 400 days of continuous operation

By: Schalk Burger     13th December 2017 Unit 1 of the Koeberg nuclear power station has reached the milestone of 400 days of continuous operation. State-owned power utility Eskom on Wednesday said this was achieved after the unit was shut down for scheduled refuelling, inspection and maintenance on September 19, 2016, after a safe,... 

ICT service provider Ayo to list on JSE

By: Schalk Burger     13th December 2017 Ayo Technology Solutions will list on the main board of the JSE on December 21. The company provides information and communications technology (ICT) services to the healthcare industry, as well as information systems for hospitals, pharmacies and laboratories. 

Zuma 'lost on all fronts' – Outa

By: News24Wire      13th December 2017 Civil rights body the Organisation Undoing Tax Abuse (Outa) has welcomed Wednesday’s judgment in the North Gauteng High Court in Pretoria which found that President Jacob Zuma must fulfil the remedial actions of former Public Protector Thuli Madonsela’s 2016 State of Capture report. The court... 

 Zuma 'lost on all fronts' – Outa
President Jacob Zuma

Water department recoups portion of R10.7bn municipal debt

By: Natasha Odendaal     13th December 2017 Since threatening to restrict water flow to recover R10.7-billion debt from defaulting municipalities, the Department of Water and Sanitation (DWS) has recouped more than R250-million and secured commitments amounting to R300-million. In November, the DWS had issued notices to 30 defaulting... 

Water department recoups portion of R10.7bn municipal debt
Photo by Duane Daws
Water and Sanitation Minister Nomvula Mokonyane

Size of new mall developments increasing despite saturation being at 88% – MSCI

By: Schalk Burger     13th December 2017 The average size of shopping centres has steadily increased since the 1990s, with centres slated for completion between this year and 2020 being significantly larger than those developed during the 1990s and 2000s, a study by Morgan Stanley Capital International (MSCI) Real Estate South Africa on... 

Trade remains constrained, but employment numbers expected to rise

By: Megan van Wyngaardt     13th December 2017 The South African Chamber of Commerce and Industry’s (Sacci’s) latest Trade Activity Index (TAI) remained in negative territory during November, declining by one index point to 45. This, the chamber noted, was as a result of important elements of trade contracting during the month, except for new... 

KZN education department awarded green building certification

By: Dylan Slater     13th December 2017 The Green Building Council South Africa (GBCSA) has awarded the KwaZulu-Natal Department of Education a 4 Star Green Star SA Office Design v1.1 certification for its Ugu district office.  

KZN education department awarded green building certification
The KwaZulu-Natal Department of Education

Court rejects Zuma's bid to review State capture report

By: African News Agency      13th December 2017 The High Court in Pretoria on Wednesday ruled that Chief Justice Mogoeng Mogoeng will select the judge to preside over the State capture commission of inquiry ordered by former public protector Thuli Madonsela. "The President [Jacob Zuma] is directed to appoint a commission of inquiry within 30... 

Court rejects Zuma's bid to review State capture report

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