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Gas technology group makes case for flexibility as South Africa mulls power road map

By: Terence Creamer     Updated 5 hours ago Leading gas-engine technology provider Wärtsilä has started making the case for greater flexibility within South Africa's evolving electricity supply industry, as well as within the gas-to-power subsector itself, as the country seeks comment on its future electricity road map. The Finnish group,... 

Gas technology group makes case for flexibility as South Africa mulls power road map
The 180 MW Sasolburg gas-engine plant

MTN brings more new blood into management

By: Reuters     Updated 2 hours 37 minutes ago South African mobile phone group MTN said on Wednesday it had appointed three new executives who will join its new CEO and finance head next year, part of a management overhaul after its first half-year loss. MTN agreed in June to pay a 330-billion naira ($1.05-billion at the time) fine in a... 

Tanzania, Nigeria's Dangote Cement haggle over price of natural gas

By: Reuters     Updated 5 hours ago Tanzania is in talks with Nigeria's Dangote Cement on the supply of natural gas to a manufacturing plant for the building material, but negotiations are currently held up over prices, said a government body in the East African country. The $500-million cement factory in the southeastern Tanzanian... 

New-vehicle sales likely to decline further in 2017, says FNB

By: Irma Venter     6th December 2016 New-vehicle sales in South Africa will drop by around 12% in 2016 compared with 2015, says First National Bank (FNB) senior industry analyst Jason Muscat. The same forecast model used to determine this decline suggests that sales in 2017 may drop another 5%, as a worst case scenario, he adds. 

New-vehicle sales likely to decline further in 2017, says FNB

GDP growth slows to 0.2% in Q3

By: News24Wire      6th December 2016 South Africa’s gross domestic product (GDP) grew at a meagre 0.2% in the third quarter of 2016, Statistics South Africa announced on Tuesday. The growth recorded was significantly lower than the previous quarter’s 3.3% and 0.1 percentage point lower than the 0.3% recorded in the third quarter of... 

GDP growth slows to 0.2% in Q3

Negative outlook for sub-Saharan Africa remains – Fitch

By: Creamer Media Reporter      6th December 2016 Continued fiscal and external pressures, compounded by rising government debt, weak economic growth and political instability in some countries, is keeping the 2017 ratings outlook negative for sub-Saharan Africa. However, some of the growth-offsetting factors, such as lower commodity prices,... 

Liberty lists new Reit, raises nearly R4bn 

By: Natasha Odendaal     6th December 2016 Liberty Group on Tuesday successfully unbundled and listed a portion of its property portfolio on the JSE’s main board as real estate investment trust (Reit) Liberty Two Degrees (L2D), raising some R3.8-billion. The Amelia Beattie-led Reit raised R3-billion at listing price from invited investors... 

Liberty Group on Tuesday successfully unbundled and listed a portion of its property portfolio on the JSE’s main board as real estate investment trust Liberty Two Degrees, raising some R3.8-billion. Camerawork and editing: Darlene Creamer 6.12.2016

Sasol shows off new corporate head office 

By: Megan van Wyngaardt     6th December 2016 The final phase of global chemicals company Sasol’s new headquarters, Sasol Place, in Sandton, its tenth floor, was commissioned on Monday. This not only houses its group executive suites, but also hosts the company’s engagement facilities. This completes the 11-storey, 47-m-tall office complex,... 

Sasol project management lead Adam Sargent tells Engineering News Online about the new office. Cameraperson and editing: Nicholas Boyd 06/12/16

Eskom outlook still negative, but could change – Moody’s

By: Megan van Wyngaardt     6th December 2016 Ratings agency Moody’s Investors Service has affirmed State-owned power utility Eskom’s Ba1 senior unsecured and senior unsecured medium-term notes’ ratings, while simultaneously assigning to Eskom a national scale rating of A2.za. The outlook on both ratings is negative. In its statement,... 

Eskom outlook still negative, but could change – Moody’s

Outa objects to handling of IRP public consultation process 

By: African News Agency      6th December 2016 Organisation Undoing Tax Abuse (Outa) on Tuesday accused the department of energy of giving the public too little time to weigh in on the draft Integrated Resource Plan (IRP), which sees South Africa adding 20 gigawatt of nuclear energy to its power grid over the next three decades. “Outa has... 

Outa objects to handling of IRP public consultation process

KZN turns sod on R85bn privately owned coal power station 

By: African News Agency      6th December 2016 KwaZulu-Natal Premier Willies Mchunu on Tuesday said he was confident that the R85-billion investment to build a smelter park would usher in a new era characterised by employment and prosperity in the province. The CS Smelter Park, an investment made through the Brics countries, is earmarked to... 

Boardroom shuffle sees Merc SA’s Van der Merwe head to China 

By: Irma Venter     6th December 2016 German automaker Daimler has announced the appointment of Andreas Engling as the new CEO and manufacturing executive director of Mercedes-Benz South Africa (MBSA). Current CEO, Arno van der Merwe, will start a new chapter in his career as president and CEO of Beijing Benz Automotive (BBAC). 

Boardroom shuffle sees Merc SA’s Van der Merwe head to China
Andreas Engling

Transnet lauds successful training collaboration with Glasgow university

By: Anine Kilian     6th December 2016 Another 145 Transnet Freight Rail (TFR) employees have completed degrees, diplomas and certificates in railway operations management through the Glasgow Caledonian University (GCU). The graduates, along with GCU principal and Vice-Chancellor Professor Pamela Gillies and Transnet CEO Siyabonga... 

Invicta’s Walters to join Assore as CEO

     6th December 2016 JSE-listed mining holding company Assore has appointed Charles Walters CEO, effective July 1. He will join the company as CEO designate on April 1. 

Aveng wins Gamsberg zinc mining contract

By: Martin Creamer     6th December 2016 A contract to establish and mine the Gamsberg opencast zinc operation has been awarded to Aveng Moolmans by Black Mountain Mining, a Vedanta Zinc International operation. Vedanta acquired zinc assets including Gamsberg from Anglo American in 2010 for $1 338-million. 

Aveng wins Gamsberg zinc mining contract
Photo by Duane Daws
Vedanta Zinc International CEO Deshnee Naidoo

Desalination a ‘serious’ option to augment water supply

By: Creamer Media Reporter      6th December 2016 More needs to be done to ensure the recycling of water and the desalination of water was a “serious option” to augment South Africa’s strained water supply, Western Cape Department of Water and Sanitation provincial head Rashid Khan said on Tuesday. In an opinion piece to clarify the “many facets... 

West African countries tell Europeans to keep their ‘dirty fuel’ 

By: African News Agency      6th December 2016 Five West African nations are banning ‘dirty’ European fuels – exported fuels with higher sulphur levels – in response to concerns over vehicle emissions and in an effort to bring safer, cleaner air to more than 250 million people. On Monday the United Nations Environment Programme (UNEP) said... 

Sacci BCI improves to 93.9

By: Megan van Wyngaardt     Updated 1 hour 3 minutes ago The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) improved to 93.9 in November, despite a depressed domestic and global economy and further harmful domestic sociopolitical “diversions that unfavourably influenced the business climate”. The improvement was... 

GDP contraction a worry for investors

By: African News Agency      6th December 2016 South African investors should be concerned about the stagnant economic growth which also has an adverse impact on business confidence, an economist said on Tuesday. This comes after South Africa’s gross domestic product (GDP) growth rate slowed to 0.2 percent in the third quarter, recording a... 

GDP contraction a worry for investors

1 500 houses in Risinga View village in Limpopo now have electricity – Eskom

By: African News Agency      6th December 2016 As many as 1 500 houses in Risinga View village, near Giyani in Limpopo, have been connected to the grid allowing them to have electricity for the for the first time, Eskom said on Tuesday. The project at Risinga View started in July 2016 and took four months to complete. It was energised from... 

Time to listen, no time for arrogance – Ramaphosa

By: African News Agency      6th December 2016 It is time that the country’s leaders listen to South Africans and heed their cry, Deputy President Cyril Ramaphosa said on Monday. “This is a time to listen, and be in conversation with our people. This is not a time to display arrogance and ignore the people. This is the time to heed everything... 

Time to listen, no time for arrogance – Ramaphosa
Photo by Reuters
Deputy President Cyril Ramaphosa

Zuma, Masutha to respond to ICC court challenge

By: News24Wire      6th December 2016 The High Court in Pretoria is expected to hear arguments from government on Tuesday on reasons for wanting to withdraw from the International Criminal Court (ICC). Representatives for President Jacob Zuma, Justice Minister Michael Masutha, the National Assembly speaker, the chair of the National... 

Zuma, Masutha to respond to ICC court challenge

TFR opens steel hub to encourage rail transport 

By: Natasha Odendaal     5th December 2016 Transnet Freight Rail (TFR), in conjunction with ArcelorMittal South Africa (AMSA), Barloworld and Grindrod Logistics, have launched a ‘steel hub’ at TFR’s Elandsfontein yard to migrate steel volumes that are being transported by road back onto rail. Two years after first deliberations, last week... 

TFR opens steel hub to encourage rail transport

Glencore producing zinc at minus cost

By: Martin Creamer     5th December 2016 Diversified mining and marketing company Glencore is producing zinc at negative cost. Towards the end of this year it has been doing so at -3c/lb and next year it expects to do so at an even better -14c/lb, supported by healthy lead by-product credits. 

Glencore producing zinc at minus cost
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Bushveld Energy upbeat about IRP, but concedes challenges remain

By: Megan van Wyngaardt     5th December 2016 While independent power producers await government’s updated Integrated Resource Plan (IRP) with bated breath, as it could possibly impact on the roll-out of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), electricity storage provider Bushveld Minerals is excited... 

Bushveld Energy upbeat about IRP, but concedes challenges remain

Old Mutual’s Cape Town office a southern hemisphere leader in green building

By: Anine Kilian     5th December 2016 Old Mutual’s Mutualpark offices, in Pinelands, Cape Town, have received a 5-star Green Star South Africa (SA) Existing Building Performance rating.   This rating by the Green Building Council South Africa (GBCSA) makes it the largest existing building to achieve this level of environmental... 

Clover restructures, establishes raw milk supplier spin-off

By: Natasha Odendaal     5th December 2016 JSE-listed Clover has unbundled its raw milk supplier operations into a special-purpose vehicle, Dairy Farmers of South Africa (DFSA), through a restructure programme aimed at reducing its exposure to the cyclicality of its low-margin business and developing higher-margin, value-added products in... 

Clover restructures, establishes raw milk supplier spin-off

South Africa urged to invest in Algeria to boost trade 

By: Megan van Wyngaardt     5th December 2016 Algeria is a strategic [partner] country for South Africa, being the largest trading partner in the North Africa region and accounting for 43% of South Africa’s total trade with North Africa from 2011 to 2015. For this reason, Department of Trade and Industry Africa bilateral and economic... 

Eskom reiterates 50%-plus black ownership requirement for coal suppliers

By: Megan van Wyngaardt     5th December 2016 State-owned electricity provider Eskom on Monday reiterated its commitment to procure coal for its power stations from companies that have a black ownership of more than 50%, throughout the life of the mine. This comes after Exxaro Resources recently revealed a new black economic empowerment... 

Eskom reiterates 50%-plus black ownership requirement for coal suppliers

Italtile increases sales by 14.7% in five months to November

By: Megan van Wyngaardt     5th December 2016 Ceramic tiles and related products provider Italtile increased its system-wide sales for the five months to November 30, to R2.9-billion, representing growth of 14.7% compared with the five months ended November 30, 2015. Nine TopT stores were opened during the five months, although their full... 

Group Five, AIF enter into JV for Intertoll Europe assets

By: Natasha Odendaal     5th December 2016 JSE-listed Group Five has entered into a strategic joint venture (JV) alliance that will see Aberdeen Infrastructure Funds (AIF) acquire a 49.99% stake in Group Five’s European investment and concession assets within the Intertoll Europe underlying public–private-partnership (PPP) project’s... 

Group Five, AIF enter into JV for Intertoll Europe assets

DA in bid to force Zuma to institute State capture inquiry

By: News24Wire      5th December 2016 The DA will not only oppose the President’s application to have the Public Protector's State of Capture report set aside, but will also approach the Constitutional Court to force him to appoint an inquiry. “We will file papers today to compel President Jacob Zuma to appoint a commission of... 

DA in bid to force Zuma to institute State capture inquiry
Photo by Duane Daws
Former Public Protector Thuli Madonsela

Business commits to continue building South Africa after S&P’s maintains country’s credit rating

By: Megan van Wyngaardt     5th December 2016 The business community has welcomed ratings agency Standard & Poor’s (S&P’s) decision to retain South Africa’s sovereign credit rating at its current level, which meant that the country’s long-term foreign currency debt was rated as investment grade by all three major rating agencies. “This is a... 

Business commits to continue building South Africa after S&P’s maintains country’s credit rating

Western Cape provisional municipal audit report shows municipalities continue upward trend towards good governance

By: African News Agency      5th December 2016 The Auditor General of South Africa (Agsa) has awarded clean audits to 23 of 30 Western Cape municipalities for 2015/16, the Western Cape government said on Sunday. This was highlighted in the Agsa's provisional audit report on Western Cape municipalities, and was an improvement from the 22... 

Western Cape provisional municipal audit report shows municipalities continue upward trend towards good governance

Illegal electricity connections tripping up service delivery in Cape Town

By: African News Agency      5th December 2016 The City of Cape Town’s electricity services department is facing an uphill battle to prevent illegal connections to the grid, the city said on Sunday. Last week, attempts to disconnect illegal users resulted in violent protest action in Schaapkraal and the Philippi horticultural area. 

South Africa's Zuma reassures investors after dodging credit downgrade

By: Reuters     5th December 2016 President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings downgraded the local debt of Africa's most... 

South Africa's Zuma reassures investors after dodging credit downgrade
Photo by Duane Daws
President Jacob Zuma

Bonuses for failing PetroSA executives must be paid back, says DA

By: African News Agency      5th December 2016 The Democratic Alliance (DA) on Sunday called for the R17.3-million in bonuses paid by PetroSA to its top executives to be paid back immediately, and for the legal opinion which “informed this disastrous payment” to be made public and tabled before Parliament. “This is after it was revealed today... 

Infrastructure-focused legal firm sets up Africa practice

By: Terence Creamer     5th December 2016 International law firm Pinsent Masons is formally establishing its African office in Johannesburg, from where it plans to pursue continental opportunities in the areasof infrastructure, energy and technology. The firm, which is domiciled in the UK, is a specialist infrastructure practice... 

Infrastructure-focused legal firm sets up Africa practice
Pinsent Masons founding partners Rob Morson, George Sibanda and Shane Voigt

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