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WhereIsMyTransport targets expansion into rest of Africa

By: Irma Venter     Updated 45 minutes ago WhereIsMyTransport is expanding its reach to the rest of Africa. WhereIsMyTransport is a technology company that collects and connects public transport data, centralising regularly updated information about a city’s formal and informally run public transport networks (minibus taxis included) on... 

WhereIsMyTransport targets expansion into rest of Africa

Aveng CEO resigns

By: Reuters     Updated 2 hours 44 minutes ago South African construction firm Aveng on Tuesday said its chief executive, Kobus Verster, will resign with immediate effect after it reported a wider full-year loss. "Eric Diack, current executive chairperson, will assume the duties of CEO until such time as a new CEO has been appointed," the... 

Aveng CEO resigns
Kobus Verster

South Africa will provide world class 2023 Rugby World Cup, Ramaphosa tells bid committee

By: African News Agency      Updated 2 hours 40 minutes ago South Africa was more than ready to deliver a world class sporting experience should the country’s bid to host the 2023 Rugby World Cup be successful, Deputy President Cyril Ramaphosa said on Monday. Ramaphosa was in London where he added some gravitas to the country’s world cup bid by addressing... 

South Africa will provide world class 2023 Rugby World Cup, Ramaphosa tells bid committee
Rugby 2023 bid delegation

Gigaba denies Treasury looking at PIC to bail out struggling SOEs

By: African News Agency      25th September 2017 Finance Minister Malusi Gigaba on Monday, rubbished claims that he would use funds from the Public Investment Corporation (PIC) to bail out South Africa’s failing state-owned enterprises. Responding to reports last week that Treasury was looking to tap into the PIC, which manages public service... 

Gigaba denies Treasury looking at PIC to bail out struggling SOEs
Photo by Duane Daws
Finance Minister Malusi Gigaba

Myeni approached PIC for R6bn for SAA – reports

By: African News Agency      25th September 2017 Controversial South African Airways (SAA) board chairwoman Dudu Myeni appears to be involved in the “planned raid on pensioners’ money” to prop up SAA and other bankrupt state-owned enterprises (SoEs), the Democratic Alliance said on Sunday. The DA had noted the media report that Dudu Myeni had... 

Myeni approached PIC for R6bn for SAA – reports
Photo by Duane Daws
The face of SAA's failure: chairperson Dudu Myeni seeks R6-billion to prop up the failing State-owned enterprise

Cape Town gets tough with delinquent water users

By: News24Wire      Updated 4 hours ago The City of Cape Town plans to install roughly 2 000 water management devices per week on properties of excessive users to force down consumption, mayoral committee member Xanthea Limberg said on Monday. In a statement, Limberg said the devices will only allow water consumption of 350 litres a... 

Cape Town gets tough with delinquent water users

WG Wearne secures R300m funding commitment from Milost

By: Creamer Media Reporter      Updated 1 hour 29 minutes ago A R300-million equity and debt funding commitment letter has been signed between JSE-listed WG Wearne and Milost Global. Subject to certain terms and conditions, Milost will invest R50-million through the subscription of ordinary shares in Wearne and lend and advance it R250-million in... 

Fedusa calls for return of railway police

By: African News Agency      25th September 2017 The Federation of Unions of South Africa (Fedusa) on Monday called for urgent action to stop criminality on trains, including the reintroduction of the Railway Police. In a statement, Fedusa said decisive action was particularly needed in the Cape Town area which has borne the brunt of violent... 

Fedusa calls for return of railway police

VW moves to secure cobalt supplies in shift to electric cars

By: Reuters     Updated 4 hours ago Germany's Volkswagen is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars. Cobalt industry sources told Reuters that VW, the world's largest automaker, has asked producers to submit proposals... 

BHP, world's largest miner, says 2017 is 'tipping point' for electric cars

By: Reuters     Updated 4 hours ago This year looks set to be the "tipping point" for electric cars, Arnoud Balhuizen, chief commercial officer at global miner BHP said on Tuesday, with the impact for raw materials producers to be felt first in the metals market, and only later in oil. "In September 2016 we published a blog and we... 

Wits seeks commercial partner for scalable DC-microgrid innovation

By: Terence Creamer     22nd September 2017 Researchers at the University of the Witwatersrand are aiming to commercialise a plug-and-play DC-microgrid innovation, which is incrementally scalable to any number of power sources, loads and batteries. The direct-current solution has already been proved at a laboratory level through a test-bed... 

Wits seeks commercial partner for scalable DC-microgrid innovation
Professor Willie Cronje

Gigaba calls for criminal probe into KPMG

By: Reuters     22nd September 2017 South African law enforcement agencies should investigate KPMG after the global auditor sacked its top management over work done for business friends of President Jacob Zuma, Finance Minister Malusi Gigaba said on Friday. KPMG dismissed its South African division's top management last week... 

redT sells energy storage units in Botswana

By: Anine Kilian     Updated 25 minutes ago Energy storage technology company redT energy has sold fourteen 40 kWh energy storage units to remote critical communications infrastructure sites across Botswana. The locations currently have no connection to the grid and will use 11 kW of solar panels per site as the sole form of generation.... 

AHI changes name to SBI

By: Anine Kilian     Updated 37 minutes ago Members of the Afrikaanse handelsinstituut (AHI) have adopted a new memorandum of incorporation and a new name, the Small Business Institute (SBI). “We would be proud if, over time, SBI becomes synonymous with credible research and public positions on all matters of interest to small business.... 

Integration of Gemfields realising cost benefits – Pallinghurst

By: Martin Creamer     Updated 1 hour 30 minutes ago The integration of Gemfields is beginning to realise cost benefits, Pallinghurst reported on Tuesday when it reiterated its transformation into a long-life operating mining company from being a former closed-end investment vehicle. In presenting half-year results of the company on Tuesday,... 

Integration of Gemfields realising cost benefits – Pallinghurst
Photo by Duane Daws
Pallinghurst CEO Arne Frandsen

Thyssenkrupp to raise capital ahead of Tata deal

By: Reuters     25th September 2017 Germany's Thyssenkrupp will increase its capital by 10% in a sale of new shares to bolster its balance sheet ahead of a planned deal with India's Tata Steel. The two firms agreed last week to combine their European steel operations in a move to create the continent's second-largest steelmaker... 

Thyssenkrupp to raise capital ahead of Tata deal

Egypt expects IPO of state-owned ENPPI in Q1 2018 – minister

By: Reuters     25th September 2017 Egypt expects an initial public offering of state-owned oil company ENPPI during the first quarter of 2018, Investment Minister Sahar Nasr told Reuters on Monday, later than initially anticipated. The minority share offering in oil company ENPPI will be the first in an Egyptian state-owned... 

Egypt expects IPO of state-owned ENPPI in Q1 2018  – minister

Court draws ocean border favouring Ghana in Ivory Coast dispute

By: Reuters     25th September 2017 The International Tribunal for the Law of the Sea on Saturday drew an ocean boundary that appeared to favour Ghana in a dispute with its neighbour Ivory Coast, ruling that Accra had not violated Ivorian rights in drilling for oil. The decade-old row between the two West African neighbours has... 

Court draws ocean border favouring Ghana in Ivory Coast dispute

Remgro acquires Unilever’s spreads business in Southern Africa

By: Anine Kilian     22nd September 2017 Investment company Remgro will sell its 25.75% interest in Unilever South Africa to the Unilever group, in exchange for full ownership of the Unilever spreads business in Southern Africa and R4.9-billion in cash. The full value of the transaction is R11.9-billion, with the spreads business valued... 

Jarana to start as SAA CEO on November 1

By: Anine Kilian     22nd September 2017 South African Airways (SAA) announced that its new CEO Vuyani Jarana will take up his position on November 1.   “The decision follows the conclusion of negotiations with his current employer [Vodacom] on his release date,” said SAA spokesperson Tlali Tlali.   Jarana's appointment is intended to... 

South African nuclear achievement crowned by US award

By: Keith Campbell     22nd September 2017 South African company NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation, has been presented with an Award for Outstanding Achievement by the US National Nuclear Security Administration (NNSA), an agency of the US Department of Energy (DoE), the two... 

South African nuclear achievement crowned by US award
Photo by Necsa
NTP Group Executive for Operations Gavin Ball

WTO raises global merchandise trade growth estimate to 3.6% for 2017

By: Anine Kilian     22nd September 2017 The World Trade Organisation (WTO) has raised its estimate for growth in world merchandise trade volume for this year to 3.6%. The previous estimate for 2017 was 2.4%, although this was set within a range of between 1.8% and 3.6%, reflecting the high level of economic and policy uncertainty.  The... 

Opec says winning battle to curb oil glut

By: Reuters     22nd September 2017 Output cuts by Opec and other oil producers are clearing a supply glut that has weighed on crude prices for three years, ministers said at a meeting on Friday to review the pact that expires in March 2018. The Organization of the Petroleum Exporting Countries, Russia and several other producers... 

Nigeria unlikely to cut fuel sulphur level anytime soon – Rainoil

By: Reuters     22nd September 2017 Nigeria's efforts to cut sulphur levels in its fuel imports are unlikely to succeed this year, the head of a major Nigerian downstream company told the Platts refining conference in Brussels. The government has delayed its target to slash allowed sulphur on imports to 50 parts per million (ppm)... 

Hernic Ferrochrome in business rescue – Mitsubishi

By: Martin Creamer     22nd September 2017 Ferrochrome producer Hernic has been placed in business rescue, Mitsubishi Corporation said on Friday. The businessrescue of the Japanese subsidiary, Mitsubishi Corporation said in a release to Creamer Media’s Mining Weekly Online, is taking place under the Companies Act, following a... 

Lower ARV price to benefit S Africa, increase recipient numbers

By: Sashnee Moodley     22nd September 2017 A new antiretroviral (ARV) pricing agreement reached by the South African government, international organisations and agencies will ensure that more people will have access to treatment, while saving South Africa nearly R12-billion over the next six years. A statement released by the Department... 

Lower ARV price to benefit S Africa, increase recipient numbers

Exxaro, NUM wage agreement halts strike

By: Martin Creamer     22nd September 2017 Coal mining company Exxaro Coal and the National Union of Mineworkers (NUM) have reached a three-year wage agreement, which brings the current wage strike at its Grootegeluk and Leeuwpan mines to a conclusion.  “We are pleased that the parties were able to resolve the dispute speedily,” Exxaro... 

KPMG booted off Business Leadership SA

By: News24Wire      22nd September 2017 The Board of Business Leadership South Africa (BLSA) has decided to suspend the membership of KPMG SA pending the outcome of an independent investigation into the organisation’s involvement in conduct related to “state capture” in South Africa. This follows a process of engagement with KPMG,... 

KPMG booted off Business Leadership SA

Gigaba says SAA's Myeni's contract is legal

By: News24Wire      22nd September 2017 Finance Minister Malusi Gigaba has told parliament’s standing committee on finance that South African Airways (SAA) chairperson Dudu Myeni’s extended contract is legal. This after the Companies and Intellectual Property Commission (CIPC) said her extended tenure in September was illegal according... 

 Gigaba says SAA's Myeni's contract is legal
Photo by Bloomberg
Finance Minister Malusi Gigaba

CMH expects higher H1 earnings a share

By: Creamer Media Reporter      22nd September 2017 JSE-listed Combined Motor Holdings (CMH) expects to report a 5% to 15% increase in headline earnings per share (HEPS) to between 122.4c and 134.1c for the six months ended August 31. HEPS were 116.6c for the six months to August 31, 2016. 

Tharisa transitions to owner mining, absorbs 900 contractor personnel

By: Martin Creamer     22nd September 2017 Platinum group metal (PGM) and chrome co-producer Tharisa Minerals on Friday announced the unconditional purchase of mining equipment from MCC Contracts as part of its switch to owner mining, which includes the employment of 900 MCC employees, effective from October 1.  The company, which has... 

Tharisa transitions to owner mining, absorbs 900 contractor personnel
Tharisa CEO Phoevos Pouroulis

Global steel output up 6.3% y/y in August

By: Creamer Media Reporter      22nd September 2017 Global crude steel production for the 67 countries reporting to the World Steel Association (worldsteel) increased by 6.3% year-on-year to 143.6-million tonnes in August. China’s crude steel output increased by 8.7% year-on-year to 74.6-million tonnes, while India’s output increased by 4.1%... 

Toxic environment to galvanise opposition as Eskom seeks 19.9% hike  

     22nd September 2017 Creamer Media’s Samantha Herbst talks to Engineering News editor Terence Creamer about what can be expected from Eskom’s application for a 19.9% tariff hike. 

A look into Eskom’s double-digit tariff hike application

Kenya Airways asks State to help it with growing competition

By: Reuters     22nd September 2017 Kenya Airways has started talks with the government, seeking its help in coping with competition from foreign carriers operating flights to its Nairobi hub, its chairman said on Thursday. The airline, part-owned by the state and Air France-KLM, is restructuring its finances to cut huge debts and... 

Legislation, without enforcement, is useless in combating poaching in Africa – expert

By: African News Agency      22nd September 2017 Passing legislation, which is not backed up by competent law enforcement on the ground, will not save Africa’s wildlife from the scourge of poaching, an expert said on Thursday. Speaking at ENACT’s World Rhino Day seminar of the Institute for Security Studies (ISS) and Interpol, panellist Tapuwa... 

Gordhan, Jonas meet KPMG International on State capture

By: African News Agency      22nd September 2017 Former finance minister Pravin Gordhan and his former deputy Mcebisi Jonas met with a delegation from auditing firm KPMG International on Thursday. The meeting was attended by KPMG International chairperson, John Veihmeyer, as well as newly appointed CEO for KPMG South Africa, Nhlamu Dlomu. 

Cosatu lays charges against Metrorail with Cape Town police

By: News24Wire      22nd September 2017 The Congress of South African Trade Unions in the Western Cape laid charges against Metrorail at Cape Town Central Police Station on Thursday. At issue is the worsening situation of train transport in the city over the past ten years. 

Building the safety case for operating drones beyond visual line of sight

By: Dylan Slater     22nd September 2017 Applications that can benefit from using drones are increasing worldwide, almost daily. However, commercial users of drones are being constrained by generalised legislation, which is difficult to understand and expensive to implement. A much-contested application – and one that is illegal to... 

Building the safety case for operating drones beyond visual line of sight

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