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South African regulator clears AB InBev, SABMiller merger with conditions

By: Reuters     Updated 1 hour 16 minutes ago South Africa's Competition Tribunal granted conditional approval for the proposed merger of about $100 billion by brewer Anheuser-Busch Inbev and SABMiller, the anti-trust authority said on Thursday. The Tribunal, which gives the final word on mergers in Africa's most industrialised country, said... 

South African regulator clears AB InBev, SABMiller merger with conditions

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

By: Natasha Odendaal     Updated 2 hours 9 minutes ago 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

How Brexit could be a boost for SA trade

By: News24Wire      Updated 3 hours ago 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. 

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

By: African News Agency      Updated 2 hours 58 minutes ago 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. 

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

By: News24Wire      Updated 3 hours ago 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... 

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     Updated 3 hours ago 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... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      Updated 3 hours ago 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

Transnet pares back its capital investment plan 

     Updated 2 hours 41 minutes ago 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. 

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

Rand recovers further from oversold levels after Brexit

By: Reuters     29th June 2016 South Africa's rand clawed back further ground against the dollar on Wednesday, pulling back from recent oversold levels after a British vote to exit the European Union triggered a flight from risky assets. Government bonds also firmed, and the yield for the 2026 benchmark instrument fell 12.5... 

South Africa's slowing growth to be hit by Brexit – Reserve Bank governor

By: Reuters     29th June 2016 The governor of the South African Reserve Bank said on Tuesday that although the decision by Britain to exit the European Union would not cause a recession, already slowing economic growth would be hit. Speaking to Bloomberg TV in Portugal Lesetja Kganyago said: "We would not venture into a... 

South Africa's slowing growth to be hit by Brexit – Reserve Bank governor
Photo by Reuters
Reserve Bank governor Lesetja Kganyago

Govt deals with about 4 000 tenders daily – Brown

By: News24Wire      29th June 2016 Government deals with approximately 4 000 tenders each day and it’s impossible to know what’s happening with every single tender, according to chief procurement officer Kenneth Brown. Brown, who was part of a panel discussion on the progress made by the national procurement office, said South... 

World Bank ranks S Africa among top 20 in logistics report  

By: Anine Kilian     28th June 2016 South Africa was ranked at 20 out of 160 countries based on income grouping and trade logistics performance in the latest edition of the World Bank’s Logistics Performance Index, which was a part of biannual report titled Connecting to Compete 2016: Trade Logistics in the Global Economy. The... 

Despite El Niño, Omnia maintains agri sales volumes, chemicals division excels

By: Mia Breytenbach     28th June 2016 Despite the effects of the El-Niño weather phenomenon and the resulting drought this past year, JSE-listed Omnia’s Agriculture division maintained sales volumes, with revenue growing 13% to R8.22-billion. This was despite a 4% decrease in total volumes, said group CEO Rod Humphris on Tuesday,... 

Southern African gas industry shows economic potential

By: Natasha Odendaal     28th June 2016 The development of a regionally shared vision on developing a gas industry could provide a catalytic opportunity for a regional ecosystem to the benefit of Southern Africa’s economies. A seamless, integrated and coordinated approach was needed to exploit the maximum regional potential of the... 

Southern African gas industry shows economic potential
Photo by Duane Daws
DTI upstream and midstream oil and gas industrial development division director Kishen Pillay

Gauteng voices satisfaction with services, government in survey  

By: Sane Dhlamini     28th June 2016 The largest social attitudes survey ever conducted in Gauteng was launched on Tuesday at the University of Johannesburg, revealing the level of satisfaction and the concerns of 30 000 Gauteng residents from all municipalities. The Quality of Life Survey for 2015 was conducted between July 2015... 

Gauteng voices satisfaction with services, government in survey
Photo by Sane Dhlamini
Mondli Gungubele, Qedani Mahlangu, David Makhura, Parks Tau, Paul Mashatile, Mzi Khumalo and Rob Moore

Coal price forecast to rise on production fall

By: Martin Creamer     28th June 2016 A greater-than-expected decline in global mine production, predominately in China, has prompted Fitch group company BMI Research to forecast higher coal prices. The research group now calculates that Newcastle coal will average $53/t this year, up on its previous forecast of $51/t. 

Waterberg rail supply disappoints Exxaro

By: Martin Creamer     28th June 2016 Rail supply in the Waterberg region since the beginning of the year has been disappointing, Exxaro Resources said on Tuesday. The JSE-listed company reported receiving only 3.5 trains a week from Transnet Freight Rail instead of the required five, a situation likely to persist until the... 

Waterberg rail supply disappoints Exxaro
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

Sasol experience shows sharing information with universities benefits both sides

By: Keith Campbell     28th June 2016 South African petrochemicals giant Sasol warns that maintaining strict secrecy regarding intellectual property (IP) hampers cooperation between businesses and universities and thus constrains the development of new innovations, to the disadvantage of business. This was pointed out by Sasol... 

Automotive sector part of South Africa’s manufacturing success story – Davies

By: Natasha Odendaal     28th June 2016 South Africa’s automotive sector is a success story in an embattled manufacturing industry. Trade and Industry Minister Dr Rob Davies on Tuesday credited the success of the sector, in part, to the country’s long-term policy certainty and incentives developed under the Industrial Policy Action... 

TNPA to add container capacity at Durban harbour as it puts dig-out port on hold 

By: Terence Creamer     28th June 2016 Having pulled back from any immediate development of the so-called Durban Dig-Out Port (DDOP), Transnet National Ports Authority (TNPA) is moving ahead with two more modest projects to expand the container capacity at the Port of Durban. Transnet CEO Siyabonga Gama has indicated that the DDOP is... 

South Africa needs to increase value-added exports – Davies 

By: Natasha Odendaal     28th June 2016 Amid growing global economic uncertainty and volatility, it has become ever more imperative for South Africa to industrialise, diversify and break its dependence on exporting its raw resources. Even if the country faced a better economic climate, there was an urgent need to deal with the... 

South Africa needs to increase value-added exports – Davies
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Investment from China on the rise in Africa, despite growth wobble

By: Irma Venter     28th June 2016 Despite talk that the Chinese economy was in trouble and that China’s investment in Africa had subsided, investment by Chinese companies in Africa was, in fact, on the rise. China had indeed seen its economy slow down from 9% growth to 6% or 7%, but it was “still robust by any account”, said... 

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