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DoE ‘disturbed’ by SFF's disregard for governance processes in Chevron bid

By: Terence Creamer     30th June 2016 Department of Energy (DoE) director-general Thabane Zulu has slammed the announcement by the Strategic Fuel Fund (SFF) of its intention to bid for Chevron’s South African assets, saying the government is “disturbed at the complete disregard for governance processes by the entity in question”. On... 

DoE ‘disturbed’ by SFF's disregard for governance processes in Chevron bid

Eskom in surprise termination of Duvha contract talks

By: Terence Creamer     30th June 2016 State-owned electricity utility Eskom reported on Thursday that it had terminated contract negotiations for the rebuild portion of the Duvha Unit 3 boiler recovery project after the “supplier was unable to meet the conditions precedent to enable agreement on the contract”. Eskom did not name the... 

Eskom in surprise termination of Duvha contract talks

GE, Transnet explore use of digital technologies to boost locomotive performance

By: Terence Creamer     30th June 2016 Technology multinational GE reports that it is working with South Africa’s Transnet on ways to integrate its digital solutions into the locomotives it has already supplied, and is in the process of supplying, to the State-owned freight logistics group. The two companies are using GE’s newly... 

GE, Transnet explore use of digital technologies to boost locomotive performance
Photo by Duane Daws
GE South Africa CEO Thomas Konditi

South African regulator clears AB InBev, SABMiller merger with conditions

By: Reuters     30th June 2016 South Africa cleared Anheuser-Busch Inbev's $100-billion-plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months. The Competition Tribunal, which gives the final word on mergers in Africa's most industrialised... 

South African regulator clears AB InBev, SABMiller merger with conditions

enX, Eqstra sign R7.8bn deal to create ‘industrial powerhouse’

By: Creamer Media Reporter      30th June 2016 JSE-listed industrial energy group enX will acquire two of JSE-listed industrial and capital equipment group Eqstra’s divisions and recapitalise Eqstra’s contract mining division in a R7.8-billion deal. enX would issue 52.7-million of its shares (consideration shares), at R21 apiece, to Eqstra... 

enX, Eqstra sign R7.8bn deal to create ‘industrial powerhouse’
enX CEO Paul Mansour

Makhura eyes Gauteng as heart of South Africa’s industrial revival

By: Natasha Odendaal     30th June 2016 Gauteng, and more specifically the City of Ekurhuleni, should be used as a base for South Africa’s reindustrialisation programmes and drive the unfolding fourth industrial revolution, Premier David Makhura has said. Ekurhuleni, South Africa’s oldest industrialised region, remained the... 

Makhura eyes Gauteng as heart of South Africa’s industrial revival
Photo by Duane Daws
Gauteng Premier David Makhura

M&A activity under threat from Brexit fallout

By: Anine Kilian     Updated 7 hours ago The shockwaves that have rippled through global markets following the UK’s decision to exit the European Union are likely to contaminate corporate activity which, in 2015, had amounted to more than $3.8-trillion globally, according to business advisory firm Grant Thornton.   Even the prospect of... 

Government part of the dysfunction in the taxi industry, says Gauteng Premier Makhura

By: African News Agency      30th June 2016 Gauteng Premier David Makhura said government had a hand in the dysfunction of the local taxi industry. On Thursday, during the Ntirhisano Provincial Taxi Indaba held at the Standard Bank Arena in Johannesburg, Makhura said he was aware of the corruption by government officials who themselves... 

S African taxi associations brand Uber as a 'swine flu'

By: African News Agency      30th June 2016 The regulation and legalisation of Uber drivers in the country took centre stage at a taxi indaba in Johannesburg on Thursday as the South African taxi associations described the app-based service as a "swine flu". The South African National Taxi Council (Santaco) and the National Taxi Alliance... 

Intra-African trade costs highest of all developing regions

By: Irma Venter     30th June 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Intra-African trade costs highest of all developing regions

Ansys concludes acquisition integration, on path for growth

By: Natasha Odendaal     30th June 2016 AltX-listed technology group Ansys has completed its intensive acquisitive and consolidation phase to integrate and extend its offerings to its four target sectors, leading to positive results for the 13 months to March 31 and setting the group on a path of good organic growth during the current... 

Ansys concludes acquisition integration, on path for growth
Ansys CEO Teddy Daka

Métier reports lower margins, higher revenue  

By: Anine Kilian     30th June 2016 JSE-listed Spehaku Holdings’ mixed concrete subsidiary Métier increased its revenue 13% to R874-million in the year to March 31, but subdued demand from the construction industry resulted in prices remaining flat year-on-year, resulting in Métier having to prioritise cost management and the... 

New policymaker booklet to be introduced next week

By: Creamer Media Reporter      30th June 2016 A new policymakers advisory booklet on climate change adaptation and resilience in Africa will be launched at an upcoming communication event in Mauritius next week. The Academy of Science of South Africa (ASSAf), the Mauritius Academy of Science and Technology and the German National Academy of... 

New policymaker booklet to be introduced next week

Don't let gold’s Brexit rally go to waste – Dixon

By: Martin Creamer     30th June 2016 As Britain’s decision to leave the European Union gives an extra boost to the gold price’s strong showing this year, the real question is how to use the much-needed financial respite to make South African mines more sustainable.   The danger, according to SRK Consulting corporate consultant Roger... 

Don't let gold’s Brexit rally go to waste – Dixon
SRK Consulting corporate consultant Roger Dixon

New Wits Mining Institute to focus on innovation

By: Martin Creamer     30th June 2016 Innovative technology solutions for the struggling mining sector will be the focus of a new unit at the University of the Witwatersrand (Wits), which brings together various disciplines under former School of Mining Engineering head Professor Fred Cawood. The new Wits Mining Institute will... 

New Wits Mining Institute to focus on innovation
Wits Mining Institute director Professor Fred Cawood

Tullow unlikely to halt Ghana oil output despite damaged ship

By: Reuters     30th June 2016 Tullow Oil is set to announce on Thursday how it will repair a ship that is a hub for its most important oil field, and is likely to recommend a fix that will allow output to continue - instead of suspending it for a year, officials said. The 'spread mooring' solution would mean Tullow avoids the... 

Ethiopia receives the first Airbus A350XWB in Africa

By: African News Agency      30th June 2016 Ethiopian airlines this week took delivery of the first Airbus A350XWB in the French aeronautics city of Toulouse, becoming the first African carrier to own the new-generation wide-body aircraft and the first airliner in the world to fly the airplane with the capacity of carrying 343 passengers... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      30th June 2016 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

Unitrans’s Megabus procures first Scania Euro 6, CNG buses, Tetra 4 to supply local gas 

     30th June 2016 Unitrans’s subsidiary Megabus has procured ten Scania, 280 horsepower, 100% compressed natural gas buses. Megabus will trial these buses for the next five years at its Free State operations. Mia Breytenbach tells us more. 

Transnet pares back its capital investment plan 

     30th June 2016 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Transnet’s slowing capital investment and the impact of this on the economy. 

Plans for municipal entity to run Durban’s troubled bus service put on hold

By: African News Agency      30th June 2016 The establishment of a new entity to run Durban’s troubled municipal bus service will not take place at the start of July as had been promised. A statement released by the eThekwini Metro Municipality on Wednesday said plans to establish a municipal bus service had been placed on hold. 

How Brexit could be a boost for SA trade

By: News24Wire      30th June 2016 A worst case scenario for the United Kingdom (UK) could be a boost for South African trade between the UK and the European Union (EU), a trade consultant and economist said on Wednesday. This follows a referendum, where the UK voted to leave the European Union last Thursday. 

Proudly SA seeks new CEO as Leslie Sedibe's contract ends

By: News24Wire      30th June 2016 The future of Proudly South African CEO Leslie Sedibe at the organisation hangs in the balance after the board decided not to renew his contract, which comes to an end in August. News24 has seen the board's resolution which was taken on June 10 in Rosebank where the board was asked to review... 

South Africa's Strategic Fuel Fund bids for Chevron refinery

By: Reuters     29th June 2016 South Africa's state-owned Strategic Fuel Fund (SFF) said on Wednesday it had offered to buy Chevron's majority stake in the country's oil refinery in Cape Town and other downstream assets as well as those in neighbouring countries. "SFF has forwarded a commercial offer to Chevron and its... 

More than half of BBBEE businesses found to be fronting  

By: Anine Kilian     29th June 2016 Seventy out of 109 surveyed broad-based black economic-empowerment (BBBEE) businesses have been found to be fronting and circumventing the BBBEE Codes of Good Practice, Department of Trade and Industry (DTI) head of strategy and advocacy for the Black Industrialists (BI) programme Nompumelelo... 

MTN Nigeria wins 2.6 GHz frequency spectrum auction

     29th June 2016 The Nigerian Communications Commission (NCC) has awarded MTN a ten-year frequency spectrum licence for the 2.6 GHz band, which guarantees superior performance for wireless networks, especially fourth-generation (4G)/long-term evolution (LTE) services.    Although Nigeria is one of 28 African... 

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

S Africa still reliant on coal, struggling to transition to low-carbon economy

By: Anine Kilian     29th June 2016 South Africa is the twelfth-greatest emitter of greenhouse gases (GHGs) in the world, as well as the biggest polluter on the African continent, according to German political foundation Friedrich Ebert Stiftung (FES) South Africa director Renate Tenbusch, speaking at a roundtable event on black... 

S Africa still reliant on coal, struggling to transition to low-carbon economy

South Africa’s manufacturing sector needs ‘industrial activists’

By: Natasha Odendaal     29th June 2016 South Africa needs “industrial activists” to jumpstart the manufacturing sector and reposition the country on a growth path, Aspen Pharmacare senior executive for strategic trade development Stavros Nicolaou said on Wednesday. Chairing a panel on the second day of the Manufacturing Indaba, he... 

TNPA luring private oil-services investors to Saldanha using ‘flexible’ terminal concessions  

By: Terence Creamer     29th June 2016 Freight logistics group Transnet is optimistic of receiving positive responses to a tender for the development of an offshore supply base (OSSB) for the oil and gas industry in Saldanha Bay, reporting that around 120 people attended a tender site briefing this week. A request for proposals (RFP)... 

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Growthpoint introduces electric bikes, solar charging hubs to Sandton

By: Irma Venter     29th June 2016 Growthpoint Properties has introduced two electronic bike hubs to the Sandton business district, in a pilot project the company hopes will grow its footprint, says Growthpoint head of energy sustainability Werner van Antwerpen. The two hubs are opposite the Sandton Gautrain Station, at the... 

Growthpoint introduces electric bikes, solar charging hubs to Sandton
Photo by Duane Daws
Growthpoint's e-bike charging hub

Sephaku lifts FY profit

By: Creamer Media Reporter      29th June 2016 JSE-listed Sephaku Holdings has posted a R60.42-million net profit for the year ended March 31, a 28% improvement on the profit of R47.16-million posted the year before. Headline earnings a share rose by 5.41c to 29.84c, while revenue increased to R874.3-million, compared with R775.4-million. 

Sephaku lifts FY profit
Photo by Duane Daws
Sephaku CEO Dr Lelau Mohuba

Salaries take up bulk of municipal costs 

By: News24Wire      29th June 2016 Over a quarter of municipal expenditure in the 2014-15 financial year went towards employee costs, according to the latest financial census of municipalities. Statistician general Pali Lehohla released the various financial statistics on municipalities in South Africa, including income sources... 

Salaries take up bulk of municipal costs
Statistician general Pali Lehohla

Loeriesfontein wind farm turbine foundations completed on schedule

     29th June 2016 The Loeriesfontein wind farm has completed the foundations for the 61 wind turbines to be erected at the site. Situated in the Hantam municipality 60 km north of Loeriesfontein in the Northern Cape, the wind farm will have 61 99-m-high wind turbines erected on 3 453 ha of agricultural land. 

Loeriesfontein wind farm turbine foundations completed on schedule

TFR to begin 14-day coal-line shutdown on July 11

By: Creamer Media Reporter      29th June 2016 State-owned railways utility Transnet Freight Rail (TFR) announced on Wednesday that it would begin a 14-day total shutdown of the coal export line on July 11. The yearly maintenance shutdown would continue until July 24. On average, 230 000 t/day is railed down the corridor, which links the... 

TFR to begin 14-day coal-line shutdown on July 11

Leverage mistakes in developing manufacturing sector – Professor

By: Natasha Odendaal     29th June 2016 A step-change was needed in South Africa’s approach to growing its embattled manufacturing sector, SOAS, University of London Emeritus Professor of Economics John Sender said on Wednesday. “If you want to grow the economy, you have to grow manufacturing,” he said, telling delegates at the... 

Leverage mistakes in developing manufacturing sector – Professor
Photo by Duane Daws
SOAS, University of London Emeritus Professor of Economics John Sender

Black Industrialists programme to unlock barriers in manufacturing sector 

By: Natasha Odendaal     29th June 2016 The Department of Trade and Industry’s (DTI’s) Black Industrialists (BI) programme would break down the barriers to entry for black-owned and -managed firms in South Africa’s manufacturing sector, acting chief director for the BI programme Takalani Tambani said on Wednesday. Addressing delegates... 

Black Industrialists programme to unlock barriers in manufacturing sector
Photo by Duane Daws
DTI acting BI programme chief director Takalani Tambani

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