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Bell laments import duties on steel, tyres; Kamaz assembly could start in 2019

By: Irma Venter     19th April 2018 “South African manufacturers are paying 22% too much for their steel; whether you are making lamp posts or electrical cabinets, you are not going to pay what you would pay on the global market,” says Bell Equipment CEO Gary Bell. Bell Equipment manufactures six lines of capital equipment,... 

 Bell laments import duties on steel, tyres; Kamaz assembly could start in 2019
The Bell Equipment factory in Richards Bay

BRICS members work towards better trade by 2021

By: African News Agency      19th April 2018 The BRICS member countries are working towards strengthening co-operation and mutual assistance to facilitate trade with one another, the South African Revenue Service (Sars) said on Thursday. The delegates from Brazil, Russia, India, China and South Africa met in the coastal city of Durban for... 

 BRICS members work towards better trade by 2021

BLSA throws weight behind Ramaphosa's R1.2trn investment drive

By: News24Wire      19th April 2018 President Cyril Ramaphosa’s initiative to raise R1-trillion in new investments over five years could add 4 percentage points to the country’s foreign direct investment, Business Leadership South Africa (BLSA) said Thursday, as it welcomed the plan. "If we achieve these figures, I believe we can... 

 BLSA throws weight behind Ramaphosa's R1.2trn investment drive
Photo by Creamer Media
BLSA CEO Bonang Mohale

Ramaphosa says he'll use his private sector experience to grow SA economy

By: News24Wire      19th April 2018 President Cyril Ramaphosa will approach the task of rebuilding South Africa's image as an attractive investment destination “with a private-sector lens”, he said in an interview with the Financial Times on Wednesday.  The president is in the UK where he is leading South Africa’s delegation to the... 

 Ramaphosa says he'll use his private sector experience to grow SA economy
President Cyril Ramaphosa

Salga voices concern about impact of possible higher electricity tariffs on municipalities

By: Marleny Arnoldi     19th April 2018 During public hearings being held to enable the National Energy Regulator of South Africa (Nersa) to determine whether to allow power utility Eskom to recoup R66.6-billion under the Regulatory Clearing Account (RCA) mechanism, the South African Local Government Association (Salga) has expressed... 

Solidarity alleges mismanagement of funds at Denel

By: Simone Liedtke     19th April 2018 Trade union Solidarity on Thursday alleged in a report titled ‘Denel Dossier’ that State-owned aerospace and defence group Denel’s top management received increases of up to 60% in their salaries, as well as 100% performance bonuses last year, while there were insufficient funds to pay employees... 

Solidarity alleges mismanagement of funds at Denel
Photo by Simone Liedtke
Trade union Solidarity on Thursday made several allegations in a report titled 'Denel Dossier' on the mismanagement of funds

Gauteng province to streamline approval process for projects to boost investment – MEC

By: African News Agency      19th April 2018 The Gauteng provincial government is working at streamlining the process of assessing the environmental impact of projects in order to speed up the approval process for businesses and encourage investment, its member of the executive council for economic development, environment, agriculture and... 

Illegal mining threatens Johannesburg infrastructure – Mashaba

By: African News Agency      19th April 2018 Johannesburg mayor Herman Mashaba said on Thursday he was concerned about apparent inaction by the national government to curb illegal mining which threatened critical bulk infrastructure and posed an imminent disaster in the city of Johannesburg. Mashaba said the activities could also... 

Atterbury completes Trumali House refurbishment, signs Hungry Lion

By: Marleny Arnoldi     19th April 2018 Property developer Atterbury has completed the refurbishment of Trumali House, in Stellenbosch, into modern multitenant A-grade offices with 3 500 m2 of space.  

Atterbury completes Trumali House refurbishment, signs Hungry Lion
Atterbury Western Cape development manager Gerrit van den Berg

Competition Commission wins international award

By: Marleny Arnoldi     19th April 2018 The Competition Commission has won the Agency of the Year in Asia-Pacific, Middle East and Africa award at the eighth annual Global Competition Review (GCR) Awards held in Washington DC, in the US.  

Volvo Trucks launches first all-electric truck, sales to start in 2019

By: Irma Venter     19th April 2018 Volvo Trucks has introduced its first all-electric truck for commercial use. The FL Electric will be used for urban distribution and refuse operations, among other applications. Sales and series production of the new model will start in Europe next year. 

Volvo Trucks launches first all-electric truck, sales to start in 2019

NCPC-SA hosts green chemistry awareness workshop

By: Marleny Arnoldi     19th April 2018 As part of a global initiative, the National Cleaner Production Centre of South Africa (NCPC-SA), in partnership with the United Nations Industrial Development Organisation and the Center for Green Chemistry and Green Engineering at Yale University, hosted a workshop on green chemistry, in... 

NCPC-SA hosts green chemistry awareness workshop
Prof Paul Anastas Yale University, Ndivhuho Raphulu National Cleaner Production Centre South Africa and Dr Alufelwi Tshavhungwe Department of Science and Technology

Pioneer Foods expects higher H1 headline earnings

By: Anine Kilian     19th April 2018 JSE-listed Pioneer Foods expects to report a 44% year-on-year improvement in operating profit and a 32% year-on-year improvement in headline earnings for the six months ended March 31. The company noted in a trading update on Thursday that adjusted headline earnings a share are likely to increase... 

Oanda awarded EPC contract for Nigeria’s AKK pipeline

By: Anine Kilian     19th April 2018 JSE-listed Oando together with Oilserv have been awarded the engineering, procurement, construction (EPC) mandate for the Ajaokuta – Abuja portion of the $727-million Ajaokuta-Kaduna-Kano (AKK) pipeline system by the Nigerian National Petroleum Corporation (NNPC). The contract award follows an... 

EVs not yet a market force to disrupt oil demand growth

By: Anine Kilian     19th April 2018 Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the forecasted future plateau in oil demand, according to a new report from IHS Markit’s oil and gas team.... 

Nigeria plans power tariff overhaul by 2021 to attract investment

By: Reuters     19th April 2018 Nigeria plans to overhaul its energy tariff system by 2021 to try to attract investment and improve power supply, the vice chairman of the country's electricity regulator said. Only about half of the 190 million people in Africa's most populous country have access to power. The problem has been... 

AfriForum to privately prosecute Malema for fraud and corruption

By: Sane Dhlamini     19th April 2018 Lobby group AfriForum on Thursday announced its intention to prosecute Economic Freedom Fighters (EFF) leader Julius Malema if the National Prosecuting Authority (NPA) did not reinstate the case against Malema for fraud and tender corruption in the On-Point Engineering matter. On-Point, in which... 

AfriForum to privately prosecute Malema for fraud and corruption
AfriForum's Kallie Kriel & Gerrie Nel

Industrial microgrid leveraging solar and storage launched 

     19th April 2018 Power management multinational Eaton South Africa has launched a grid-tied microgrid that uses solar photovoltaic and lithium ion battery storage systems. The microgrid powers its Wadeville campus and factory.  

Industrial microgrid leveraging solar and storage launched

AfriForum to privately prosecute Julius Malema

By: News24Wire      19th April 2018 Lobby group AfriForum announced on Thursday that it intended to privately prosecute Economic Freedom Fighters (EFF) leader Julius Malema on charges of fraud and corruption. The announcement was made in Centurion on Thursday morning by AfriForum's private prosecution head, the so-called "Pit Bull"... 

AfriForum to privately prosecute Julius Malema
Photo by Reuters
EFF leader Julius Malema

Ramaphosa urges closer ties between South African businesses and other Commonwealth nations

By: Simone Liedtke     18th April 2018 South African President Cyril Ramaphosa has encouraged South African businesses to reach out to their Commonwealth counterparts across the globe to forge closer ties and create avenues for greater trade and investment. In an address in London, on Wednesday, he said that the Commonwealth Business... 

Further tariff increases would exacerbate Eskom’s death spiral – EIUG

By: Simone Liedtke     18th April 2018 The Energy Intensive User Group (EIUG) of Southern Africa, whose members account for about 40% of electrical energy consumed in the country, has warned that increases to electricity tariffs will exacerbate State-owned power utility Eskom’s “death spiral”. The EIUG is participating in the National... 

Department shares Vaal dam water regulatory best practice with Nigerian group

By: Marleny Arnoldi     18th April 2018 The Department of Water and Sanitation (DWS) on Wednesday hosted a delegation from the Nigerian government’s integrated water resources management commission at the Vaal dam, in the Free State, to undertake a technical study tour and share water regulatory best practices. The study tour comes as... 

Department shares Vaal dam water regulatory best practice with Nigerian group
Photo by Marleny Arnoldi
Vaal dam

AfriSam bolsters Western Cape prominence with technical Zeitz Museum concrete work

By: Schalk Burger     18th April 2018 Building materials company AfriSam designed and supplied specialist concrete for the construction of the Zeitz Museum of Contemporary Art Africa, which involved the cutting away of the inside of the old grain silo at the V&A Waterfront, in Cape Town, to build the modern art museum. The museum,... 

AfriSam bolsters Western Cape prominence with technical Zeitz Museum concrete work
Photo by Dylan Slater
Zeitz Museum of Contemporary Art Africa

Rand recovery double-edged sword, land must be shared – Ramaphosa

By: Reuters     18th April 2018 President Cyril Ramaphosa said on Wednesday the rebound in the country's currency, the rand, had both positive and negative effects but wasn't quite complete. "It is a double-edged sword," Ramaphosa said in a interview with Bloomberg television. "It reflects the level of confidence that the world... 

Rand recovery double-edged sword, land must be shared – Ramaphosa
President Cyril Ramaphosa

Grindrod concludes sale of Unicorn Bunker Services

By: Simone Liedtke     18th April 2018 Grindrod has finalised the sale of its bunker division, Unicorn Bunker Services, for an undisclosed amount. Unicorn Bunker Services, which employs 110 people, was first established in 2006 and operates three modern bunker tankers in the ports of Durban and Cape Town under contract to BP, Engen... 

UK, SA Trade Ministers hold talks in London

By: Rebecca Campbell     18th April 2018 South African Trade and Industry Minister Dr Rob Davies met with his British counterpart, International Trade Secretary Dr Liam Fox, on Tuesday on the margins of the Commonwealth Heads of Government Meeting in London, to discuss the bilateral trade relationship. They both expressed pleasure at... 

UK, SA Trade Ministers hold talks in London
UK Secretary of State for the Department of International Trade Dr Liam Fox and South African Minister of Trade and Industry Dr Rob Davies

Ramaphosa's plan to attract R1.2tr in investment marks potential new dawn

By: News24Wire      18th April 2018 President Cyril Ramaphosa’s plan to raise over R1-trillion in new foreign investment has been hailed by economists as the beginning of a “new dawn” for South Africa after years of low growth and policy uncertainty. On Monday, Ramaphosa announced that South Africa will later this year host a major... 

 Ramaphosa's plan to attract R1.2tr in investment marks potential new dawn
President Cyril Ramaphosa

Solidarity gives Brian Molefe Friday deadline to pay back the money

By: African News Agency      18th April 2018 Trade union Solidarity has given former Eskom chief executive Brian Molefe until Friday 11am to pay back the money he unlawfully received from the power utility as part of the R30-million pension payout granted to him. On Tuesday, Molefe lost his court bid to appeal a January high court judgement... 

 Solidarity gives Brian Molefe Friday deadline to pay back the money
Former Eskom CEO Brian Molefe

World Bank sees microgrids playing bigger role in Africa’s electrification as solar costs fall

By: Terence Creamer     18th April 2018 Changes in generation technologies, including the sharp fall in solar photovoltaic (PV) costs, means that the evolution of electricity systems in sub-Saharan Africa (SSA) will need to involve more than one national grid, a new World Bank report argues. “The path to universal electrification will... 

World Bank sees microgrids playing bigger role in Africa’s electrification as solar costs fall
Bank says microgrids have worked well in East and South Asia

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

Busa supports labour law amendments, but concerned about risks

By: Simone Liedtke     18th April 2018 Business Unity South Africa (Busa) has voiced its support for amendments to legislation to introduce provisions to enhance labour relations stability and the implementation of a National Minimum Wage (NMW). Busa warned, however, that the risks to employment and business, particularly smaller and... 

Rebosis postpones H1 results, CEO resigns

By: Reuters     18th April 2018 South Africa's Rebosis Property Fund said on Wednesday its CEO Andile Mazwai had resigned and the firm would postpone the release of its interim financial results, sending shares down more than 10%. The company said in a statement its current executive deputy dhairperson Sisi Ngebulana would be... 

Railway industry to develop new roadmap towards Fourth Industrial Revolution

By: Simone Liedtke     18th April 2018 The International Heavy Haul Association (IHHA) has commissioned a study to provide a global strategic view of Heavy Haul 4.0, and attempt to visualise the heavy haul railway of the future. The ‘Development of the Heavy Haul Vision in the Fourth Industrial Revolution’ study, which will be... 

St Helena's cherished lifeline ship to return as anti-piracy armoury

By: Reuters     18th April 2018 The RMS St Helena, Britain's last working postal ship, was for nearly three decades the main source of contact between one of humanity's remotest islands and the outside world. Now the ship, cherished by the 4 500 residents of British-ruled St. Helena, will start a new life as a floating armoury,... 

St Helena's cherished lifeline ship to return as anti-piracy armoury
Photo by Reuters
RMS St Helena

Eskom board continues to clean house

By: African News Agency      18th April 2018 Board members at Eskom are continuing with their clean sweep at the State-owned power utility, with 239 cases of possible wrongdoing being identified through whistleblowers alone, MPs heard on Wednesday. Briefing Parliament's portfolio committee on public enterprises, board member Sindi... 

Another hydrogen boost for platinum fuel cells

By: Simone Liedtke     18th April 2018 The introduction of platinum-using fuel cells has received another boost with the latest success in hydrogen compression announced by Anglo American Platinum (Amplats) on Wednesday.   Last week, Amplats revealed plans for a fuel cell dozer, which makes use of hydrogen in liquid, to make a 2019... 

Another hydrogen boost for platinum fuel cells
Photo by Creamer Media
Amplats PGM investment programme CEO Andrew Hinkly

R360m Admin Craft Basin opens opportunities for growth at Port of Ngqura

By: Simone Liedtke     18th April 2018 The completed Admin Craft Basin (ACB), valued at R360-million, in the Port of Ngqura has opened up opportunities for revenue growth in the developing port. The new structure will be home to the port’s three tugs and one pilot boat, thereby freeing up Berth C101, which was designed to handle... 

R360m Admin Craft Basin opens opportunities for growth at Port of Ngqura
The completed Admin Craft Basin (ACB), in the Port of Ngqura, is valued at R360-million

Imperial CEO resigns after court ruling over employee dismissal

By: Reuters     18th April 2018 South Africa's Imperial Holdings said on Wednesday CEO Mark Lamberti will resign at the end of the month following a court judgement against him involving a remarks he made to an ex-employee at one of Imperial's units. Osman Arbee, currently CEO of the Imperial division Motus, will replace... 

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