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Eskom approval is last remaining hurdle for R2.3bn Seriti Coal deal

By: Terence Creamer     Updated 2 hours 58 minutes ago The black-empowerment consortium selected as the preferred bidder for Anglo American’s Eskom-tied coal operations is optimistic that the State-owned utility will approve the ceding of three coal supply agreements (CSAs) from Anglo to Seriti Coal by year-end. The R2.3-billion transaction was... 

Eskom approval is last remaining hurdle for R2.3bn Seriti Coal deal
Photo by Duane Daws
Thebe Energy and Resources CEO Sizwe Mncwango

Nersa releases dates and venues for upcoming Eskom hearings

By: Creamer Media Reporter      Updated 1 hour 18 minutes ago The National Energy Regulator of South Africa (Nersa) has published the dates and venues for its upcoming public hearings into Eskom’s revenue application for the 2018/19 financial year. Eskom has applied for an allowable revenue of R219.5-billion, which would translate to a 19.9% average... 

Nersa releases dates and venues for upcoming Eskom hearings

Gauteng optimistic new project toolkit will raise infrastructure delivery efficiency

By: Natasha Odendaal     Updated 4 hours ago Gauteng’s Department of Infrastructure Development (DID) believes transforming from a department characterised by crisis management and chasing shadows to an “efficient project delivery machine” is well under way and has led to the “cracking of the code” for efficient infrastructure delivery in... 

Gauteng optimistic new project toolkit will raise infrastructure delivery efficiency

Dangote Cement still interested in South Africa's PPC – CEO

By: Reuters     Updated 4 hours ago Dangote Cement is still interested in acquiring South African rival PPC and would do a deal at the right price, its outgoing chief executive officer Onne van der Weijde said on Thursday. Weijde said PPC was a "good fit" for Dangote Cement, which is majority owned by Africa's richest man, Aliko... 

Flights are going to get a lot more bumpy, says new research

By: Irma Venter     Updated 13 minutes ago Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

Flights are going to get a lot more bumpy, says new research

Latest Airbus airliner type makes first flight

By: Keith Campbell     Updated 38 minutes ago The first development aircraft in Europe-based major aerospace group Airbus’ new A330neo (new engine option) family made its maiden flight on Thursday, from Toulouse-Blagnac Airport in France. The aircraft took off at 09:57 local time and landed at 14:10, having flown for four hours and 13... 

Latest Airbus airliner type makes first flight
Photo by Airbus
The first A330neo, an A330-900, takes off for the first time

Parly committee rejects BLF’s demand that it stop Eskom inquiry

By: African News Agency      Updated 1 hour 59 minutes ago Parliament’s portfolio committee on Public Enterprises on Friday rebuffed a demand from Black First Land First (BLF) to stop its inquiry into Eskom, which the group termed a witchhunt against the Gupta family. Committee chairperson Zukiswa Rantho asked MPs how she should respond to the missive,... 

Parly committee rejects BLF’s demand that it stop Eskom inquiry

KPMG ‘rogue unit’ report grossly unfair to former finance minister Gordhan – Ramaphosa

By: African News Agency      Updated 4 hours ago Deputy President Cyril Ramaphosa on Thursday said a report compiled by auditing firm KPMG for the South African Revenue Service into the existence of a “rogue spy unit” was “grossly unfair” to former finance minister Pravin Gordhan. The KPMG report , which insinuated that Gordhan knew of a... 

KPMG ‘rogue unit’ report grossly unfair to former finance minister Gordhan – Ramaphosa
Photo by Duane Daws
Pravin Gordhan

New Statistician-General and head of Statistics South Africa appointed

By: Natasha Odendaal     Updated 22 minutes ago Statistics South Africa (Stats SA) deputy director-general for statistical collections and outreach Risenga Maluleke has been appointed as successor to Statistician-General and Stats SA head Dr Pali Lehohla. Lehohla’s tenure expires at the end of October. 

Improved African policy can harness industrial development – UN

By: African News Agency      Updated 1 hour 4 minutes ago The right African policy framework, including industrial policies that will generate the skilled jobs and productivity gains needed for the structural transformation of economies, could harness the continent’s rapid urban transition to drive industrial development, the UN said. “African... 

New AfDB, OpenOil report shows gaps in extractive resources management

By: Natasha Odendaal     Updated 51 minutes ago The African Development Bank (AfDB) and Berlin-based financial analysis firm OpenOil are hoping to trigger a new debate within Africa’s oil and gas and mining sectors with the publication of a jointly produced report on how African governments use financial models to manage projects. In an effort... 

'Implement water demands, or we'll ask for you to be placed under administration' – ANC

By: News24Wire      Updated 4 hours ago The Western Cape African National Congress (ANC) says it intends calling for the provincial government and City of Cape Town to be placed under administration for their dismal handling of the ongoing water crisis. ANC provincial leader Khaya Magaxa said on Thursday that they would approach the... 

'Implement water demands, or we'll ask for you to be placed under administration' – ANC

MEA manufacturing sector second-most vulnerable to cyberattacks

By: Schalk Burger     Updated 11 minutes ago The manufacturing sector was second only to the finance industry in terms of the most cyberattacks recorded in any sector in the Middle East and Africa (MEA) region in 2016, information technology (IT) services multinational Dimension Data’s ‘Global Threat Intelligence Report for 2017’ reveals.... 

MEA manufacturing sector second-most vulnerable to cyberattacks
Dimension Data Security Solutions MEA executive Sean Duffy

Pilot strike at South Africa's low-cost Mango airline ends after wage deal

By: Reuters     Updated 3 hours ago Pilots at South Africa's Mango, a low-cost airline owned by state-run national carrier South African Airways, on Friday reported for work ending a four-day strike, the union representing most of the pilots said. The airline granted pilots a 7% salary hike and agreed to table an agreement... 

South Africa expects to renew Total's offshore exploration right

By: Reuters     Updated 1 hour 38 minutes ago South Africa is expected to renew French oil major Total's offshore exploration right next year, the chief executive of the State petroleum agency said on Friday. "It is expected to be granted in the second quarter of 2018," Lindiwe Mekwe, acting CEO of the Petroleum Agency of South Africa, told... 

Engie targets Africa with home solar acquisition

By: Reuters     Updated 3 hours ago French gas utility Engie has bought a Ugandan home solar systems company to expand in sub-Saharan Africa by providing power to millions of people who have no access to electricity. Engie said on Thursday that it had acquired Fenix International, which sells home solar kits financed through tiny... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      20th October 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

Rand extends losses as speculation Ramaphosa may be fired weighs

By: Reuters     Updated 52 minutes ago South Africa's rand weakened on Friday, pressured by a firmer dollar and underperforming emerging market peers as speculation that President Jacob Zuma may axe his deputy Cyril Ramaphosa weighed on sentiment. At 0830 GMT the rand was 1.15% weaker at 13.6725 per dollar, extending losses and... 

Rand extends losses as speculation Ramaphosa may be fired weighs

Construction companies warned on compliance

By: African News Agency      Updated 54 minutes ago Labour Minister Mildred Oliphant has warned construction companies to comply with South Africa’s labour laws or face being shut down. Oliphant’s warning came after she visited a construction site where 400 housing units were being built in Rustenburg, North West. 

Japan govt wants to get actively involved in Kobe Steel issue – trade minister

By: Reuters     Updated 3 hours ago The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday, as the company's widespread misconduct has sent a chill along global supply chains. Kobe Steel, Japan's third-biggest... 

Miner defends Western Cape phosphate project, highlights its importance

By: Ilan Solomons     19th October 2017 Emerging miner Kropz has warned that the West Coast Environmental Protection Association’s (WCEPA’s) application to have the water-use license (WUL) for Kropz’s Elandsfontein phosphate mine, near Saldanha Bay, in the Western Cape, suspended, would, if successful, cause “irreversible environmental... 

Miner defends Western Cape phosphate project, highlights its importance

Eskom’s new R174bn grid plan includes R18bn for IPP connections

By: Terence Creamer     19th October 2017 State-owned electricity utility Eskom says all connection costs relating to 27 outstanding renewable-energy projects have been included in its latest Transmission Development Plan (TDP), which covers the ten-year period from 2018 to 2027. The renewable-energy projects were legally procured in... 

Eskom’s new R174bn grid plan includes R18bn for IPP connections

PPC, NUM make headway on wage impasse

By: Creamer Media Reporter      19th October 2017 Cement producer PPC and trade union National Union of Mineworkers (NUM) have reached an agreement on wage negotiations at the company’s Slurry plant, in the North West. This followed a protected strike by the union on Monday after the parties were unable to reach an agreement through a Commission... 

Volkswagen’s black-owned suppliers support project selects ten finalists

By: Natasha Odendaal     19th October 2017 Volkswagen South Africa’s (VWSA’s) Ntinga Project, established to assist, train and mentor up-and-coming black-owned suppliers in the automotive sector, has culminated in the selection of ten finalists set to compete for the top five positions. The final five will then embark on an 18-month... 

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

Treasury appoints new deputy director-general for public finance

By: Thabi Madiba     19th October 2017 National Treasury on Thursday issued a statement congratulating the newly appointed deputy director-general for public finance Dr Mampho Modise. She was formerly a chief director for strategy and risk management in the department’s Asset and Liability Management division and dealt with policy... 

Treasury appoints new deputy director-general for public finance
Photo by Duane
Finance Minister Malusi Gigaba

Busa welcomes SAA board changes

     19th October 2017 Business Unity South Africa (Busa) on Thursday welcomed the appointment of a new board of directors for South African Airways (SAA) as a step in the right direction to ensuring financial stability and good governance at the State-owned airline.    “The appointment of JB Magawaza, an accomplished... 

Insimbi’s H1 earnings rise

By: Anine Kilian     19th October 2017 JSE-listed Insimbi Refractory and Alloys’ earnings before interest, taxes, depreciation and amortisation increased by 273% year-on-year to R179.8-million for the six months ended August 31. Earnings a share were up by 142% year-on-year to 11.97c and headline earnings a share increased by 150%... 

If Zuma removes me, I’ll accept it – Ramaphosa

By: African News Agency      19th October 2017 I serve at the pleasure of the President, and If I’m fired, it will be at the pleasure of the President, South Africa’s deputy president said on Thursday. Cyril Ramaphosa was asked by opposition party members in the National Assembly to confirm or deny speculation that he was next in line to be... 

If Zuma removes me, I’ll accept it – Ramaphosa
Deputy President Cyril Ramaphosa

Zuma unveils OR Tambo statue in commemoration

By: Sane Dhlamini     19th October 2017 The life of former African National Congress (ANC) president Oliver Reginald Tambo was commemorated on Thursday with the unveiling of a new statue of the former anti-apartheid struggle stalwart at international arrivals at the OR Tambo International Airport in Johannesburg. President Jacob Zuma... 

Zuma unveils OR Tambo statue in commemoration
Photo by Duane Daws
Jacob Zuma, members of the Tambo family & government officials

Atterbury consolidates headquarters in Pretoria

By: Natasha Odendaal     19th October 2017 International property developer and investor Atterbury has consolidated its two Gauteng branches into a single regional headquarters at the Die Klubhuis, housed within the Pretoria precinct development, The Club. The move included its major businesses Atterbury Asset Management, Atterbury... 

South Africa should avoid rating cuts in Nov – Kganyago

By: Reuters     19th October 2017 A narrowing current account deficit, improving economy and stable inflation should help South Africa avoid credit rating cuts in November, central bank governor Lesetja Kganyago said in an interview, playing down concerns over the most recent cabinet reshuffle. Growth in Africa's most... 

South Africa should avoid rating cuts in Nov – Kganyago
Photo by Reuters
Reserve Bank governor Lesetja Kganyago

Steel and Vanadium complex finds new life as industrial park 

     19th October 2017 A closed steel complex in Mpumalanga is finding new vigour as an industrial park, by focusing on providing key facilities for specialist services companies. 

Steel and Vanadium complex finds new life as industrial park

Japan transport ministry considering checks of cars, trains using Kobe Steel products – Kyodo

By: Reuters     19th October 2017 Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel, Kyodo reported on Thursday. With the data falsification scandal at Japan's No. 3 steelmaker affecting a wide range of manufacturers, the... 

Time and money – two major obstacles in tackling Cape Town's water crisis

By: News24Wire      19th October 2017 Desalination plants and other plans, which are in the pipeline for Cape Town to help alleviate the water crisis, will probably cost the city billions of rand, and it is not yet clear where this money will come from. Another possibly hampering factor could be the time it will take to construct... 

4Sight lists on AltX

By: Schalk Burger     19th October 2017 The first pure technology company to list on the JSE’s AltX in 18 years, technology decision support group 4Sight, has artificial intelligence, machine learning, Internet of Things and big data technology capabilities, which are reshaping business and individual lives worldwide, 4Sight CEO... 

4Sight lists on AltX
4Sight Group CEO Antonie Van Rensburg, Group executive merger & acquisitions Gary Lauryssen, Group CFO Jacques Hattingh and non-executive director Conal Lewer-Allen at the JSE on Thursday

FBI opens investigation into South Africa's Guptas – FT

By: Reuters     19th October 2017 The FBI has opened an investigation into US links to South Africa's Guptas, escalating a scandal over the family's alleged use of a friendship with President Jacob Zuma to control state businesses, the Financial Times said on Thursday. Separately, Britain's banking regulator, the Financial... 

FBI opens investigation into South Africa's Guptas – FT
Photo by Duane Daws
Atul Gupta

Outa accuses Eskom consultants of ‘gambling’ with public money

By: Kim Cloete     19th October 2017 The Organisation Undoing Tax Abuse (Outa) has alleged that Eskom consultants Trillian Capital Partners have been “dabbling” in derivatives and losing billions of rands in the process. “Trillian has been dabbling in derivatives with our public money, racking up losses of R27-billion,” Outa... 

Outa accuses Eskom consultants of ‘gambling’ with public money
Photo by Duane Daws
Ted Blom

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