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ACSA starts with new strategy while reporting good results

By: Keith Campbell     23rd September 2016 Airports Company South Africa (ACSA) has started to implement elements of its new operational strategy, says chairperson Skhumbuzo Macozoma. "It's very important to have sound corporate governance in a company like ACSA," he said at a briefing on Friday. "I'm happy to announce we've finalised a... 

ACSA starts with new strategy while reporting good results
Photo by Duane Daws
ACSA CEO Bongani Maseko

Eskom to use $11bn future earnings for nuclear expansion 

By: Reuters     23rd September 2016 South Africa's power utility Eskom estimates it would have R150-billion ($11-billion) within the next decade to help fund a nuclear expansion programme planned by the government, a senior executive said. In a column in the BusinessDay newspaper, Eskom's group executive for generation, Matshela... 

Eskom to use $11bn future earnings for nuclear expansion
Photo by Duane Daws
Eskom group executive for generation Matshela Koko

Commission’s ports probe to place spotlight on Transnet’s economic impact

By: Mia Breytenbach     23rd September 2016 State-owned logistics company Transnet, which owns all commercial ports in South Africa and is the sole operator of the country’s container and automotive terminals, has naturally had a major influence over port operations and terminal handling charges. However, that role and dominance have often... 

Commission’s ports probe to place spotlight on Transnet’s economic impact

Gauteng govt, JCCI sign MoU to promote SMMEs

By: Megan van Wyngaardt     23rd September 2016 The Johannesburg Chamber of Commerce and Industry (JCCI) and Gauteng MEC for Economic Development, Environment, Agriculture and Rural Development Lebogang Maile on Friday signed a memorandum of understanding (MoU) to ensure that small, medium-sized and micro enterprises (SMMEs) in townships have... 

Gauteng govt, JCCI sign MoU to promote SMMEs
Photo by Duane Daws
MEC Lebogang Maile

PRASA, Vodacom sign R1bn, 15-year fibre deal

By: Irma Venter     23rd September 2016  Vodacom has signed a 15-year deal with the Passenger Rail Agency of South Africa (PRASA), through its subsidiary Intersite Asset Investments, valued at more than R1-billion. Intersite is responsible for property and asset development within PRASA. It aims to raise additional revenue for the... 

PRASA, Vodacom sign R1bn, 15-year fibre deal

Motsepe’s ARC buys 18% stake in Afrimat

By: Anine Kilian     23rd September 2016 African Rainbow Capital (ARC), which is owned by billionaire businessperson Patrice Motsepe, has bought an 18.36% stake in JSE-listed Afrimat. “Afrimat is of the view that this will create a long-term and sustainable black economic empowerment partner with certainty around shareholding which will... 

Data pricing has come down – Icasa

By: Natasha Odendaal     23rd September 2016 With the current #DataMustFall movement headlining most social media posts and highlighting the high costs of communication and data in South Africa, the Independent Communications Authority of South Africa (Icasa) this week said that data pricing is falling year-on-year. It reports that there... 

Data pricing has come down – Icasa

Social media indispensable in 2017 – survey

By: Sane Dhlamini     23rd September 2016 Social media will become an indispensable tool for South African marketers,  politicians, artists, activists, reporters and media personalities next year.    This was according to the 2017 edition of the South African Social Media Landscape, released this week by technology market researchers... 

Social media indispensable in 2017 – survey

Rail Road Association to hold AGM

By: Creamer Media Reporter      23rd September 2016 The Rail Road Association of South Africa (RRA) will hold its annual general meeting on Thursday, September 29. The gathering will take place at Scaw Metals’ offices in Germiston from 8:30. The RRA has been critical of what it views as uneven localisation efforts in Transnet’s multibillion-rand... 

Rail Road Association to hold AGM

Barberton tailings plant shoots lights out with cheap, upped gold 

By: Martin Creamer     23rd September 2016 In the 12 months to June 30, gold was produced by the Barberton Tailings Retreatment Plant (BTRP) of Pan African Resources at the exceptionally low all-in cost of $332/oz. While Barberton Mines as a whole had a good financial year underground and on surface, it was the on-surface BTRP that shot... 

Blurb: Pan African CEO Cobus Loots talks to Mining Weekly Online’s Martin Creamer on Barberton gold. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Kibo, Sepco agree to 3-week extension on MCPP development cost determination

By: Natasha Odendaal     23rd September 2016 Aim- and Alt-X-listed Kibo Mining has agreed to a three-week extension for the determination of the final development amount still due by China-based contractor Sepco III as part of a redefined agreement for the progression of Kibo’s Mbeya coal-to-power project (MCPP), in Tanzania. The agreement,... 

BioTherm Energy secures 20 MW solar project in Ghana

By: Anine Kilian     23rd September 2016 Independent power producer BioTherm Energy has won the tender to develop a 20 MW solar project in Ghana. The company will build, own and operate the facility under a 20-year power purchase agreement. 

BioTherm Energy secures 20 MW solar project in Ghana

Namibia's fiscal deficit to narrow on rising mining production, spending cutbacks – BMI

By: Anine Kilian     23rd September 2016 Rising mining production and cutbacks on nonessential spending will see Namibia's fiscal deficit narrow in the coming months, says BMI Research, which is part of Fitch Group. BMI points out in a new report that Namibia's fiscal balance will begin to narrow over 2017, after widening substantially... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      23rd September 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

Date set for nuclear procurement case

By: Creamer Media Reporter      22nd September 2016 A High Court hearing into an application brought by the Southern African Faith Communities’ Environment Institute (Safcei) and Earthlife Africa Johannesburg relating to the legality of South Africa’s nuclear procurement process has been set down for December 13 and 14. The two organisations... 

BLSA outlines three urgent interventions for restoring confidence

By: Terence Creamer     22nd September 2016 Business Leadership South Africa (BLSA), which is an association of the biggest domestic and multinational businesses in the country, urged government on Thursday to take three urgent steps to demonstrate its commitment to delivering on its promise to support the economy and restore investor... 

BLSA outlines three urgent interventions for restoring confidence
Photo by Duane Daws
BLSA president Saki Macozoma

Weakness in economy becoming more broad-based

By: Anine Kilian     22nd September 2016 The weakness in South Africa’s economy is coming from all sectors and increasingly becoming more broad-based, says Nedbank economist Nicky Weimar. Speaking at the eighth Integrated Housing Solutions Affordable Housing Summit, in Johannesburg, on Thursday, she pointed out that the 3.3%... 

Parliament may take #DataMustFall debate further

By: News24Wire      22nd September 2016 Members of Parliament could the take the debate on allegedly high South African mobile data prices one step further than just a portfolio committee hearing. Parliament’s Portfolio Committee on Telecommunications and Postal Services conducted a two-day hearing this week on South Africa’s mobile... 

South Africans must focus on positive impacts of political turmoil – Malala

By: Anine Kilian     22nd September 2016 While it is easy for South Africans to maintain a negative outlook about the volatile challenges South African society faces, political analyst Justice Malala feels that it is important to look at the positive impacts that arise from these situations. Addressing an audience at the eighth... 

South Africans must focus on positive impacts of political turmoil – Malala
Political analyst Justice Malala

Lafarge Africa raises 60bn naira in bond issues

By: Reuters     22nd September 2016 Lafarge Africa said on Thursday it has raised 60-billion naira ($184-million) by issuing three and five-year bonds through book building. The local unit of the world's biggest cement maker, LafargeHolcim, issued a three-year bond at 14.25% to raise 26.38-billion naira and sold a five-year bond at... 

Treasury postpones implementation of tyre levy to Feb 2017

By: Megan van Wyngaardt     22nd September 2016 The National Treasury has postponed the implementation of the environmental tyre levy to February 1. The levy had been due for implementation on October 1. 

Business eases inflation expectations for next year

By: Megan van Wyngaardt     22nd September 2016 Analysts and businesspersons have lowered their forecasts for average inflation expectations from 6.2% in the second quarter, to 6% in the third quarter, the Stellenbosch University’s Bureau for Economic Research said on Thursday. However, it noted that trade unions had left their forecasts... 

Tribunal confirms R2.9m settlement with Ben Jacobs Metals

By: Megan van Wyngaardt     22nd September 2016 The Competition Tribunal on Thursday confirmed a R2.9-million settlement agreement between the Competition Commission and scrap metal dealer Ben Jacobs Metals. 

South Africa holds repo rate, lowers inflation forecasts

By: Reuters     22nd September 2016 South Africa's Reserve Bank kept its benchmark repo rate unchanged at 7% on Thursday, with a weak economic growth outlook balancing out its concerns about the inflation trajectory. The bank's Monetary Policy Committee (MPC) revised its forecast for growth in Africa's most industrialised country... 

South Africa holds repo rate, lowers inflation forecasts
Photo by Duane Daws
Reserve Bank Governor Lesetja Kganyago

CSIR displays its ability to support industrial development

By: Keith Campbell     22nd September 2016 The Council for Scientific and Industrial Research (CSIR) highlighted its abilities to support the development of the country's industries at an event at its complex in Pretoria on Thursday. "For industry development we showcased to our stakeholders that we have the national infrastructure and... 

CSIR displays its ability to support industrial development
Photo by Keith Campbell
CSIR Aerospace key account manager Marié Botha

CSIR demonstrates several technological developments

By: Keith Campbell     22nd September 2016 As part of the Council for Scientific and Industrial Research's (CSIR's) Industry Day, held on Thursday as part of at its four-day CSIR Live exhibition, at the organisation's complex in Pretoria, it displayed and demonstrated integrated technologies relevant to national industrial development.... 

CSIR demonstrates several technological developments

Small business can only thrive if Minister has more say – FMF

By: Megan van Wyngaardt     22nd September 2016 The Free Market Foundation (FMF) has called on government to give Small Business Development Minister Lindiwe Zulu more power to screen legislation that could possibly negatively impact small businesses in future, as well as intervene where other departments are failing to pay, or delaying... 

Small business can only thrive if Minister has more say – FMF
Photo by Duane Daws
Minister Lindiwe Zulu

DBSA aims to ‘catalyse’ funding to poor munis as it sets R100bn funding goal

By: Terence Creamer     22nd September 2016 The Development Bank of Southern Africa (DBSA) disbursed a record R17.1-billion during its 2016 financial year, up from R13-billion in 2015, with disbursements to the country’s eight metropolitan councils (metros) surging to R7.5-billion from R3.7-billion. CEO Patrick Dlamini said a total of... 

DBSA aims to ‘catalyse’ funding to poor munis as it sets R100bn funding goal
Photo by Duane Daws
Finance Minister Pravin Gordhan and DBSA CEO Patrick Dlamini

New segments need to be added to housing delivery model – UCT academic

By: Anine Kilian     22nd September 2016 The current South African housing delivery model is generally seen as problematic and more housing categories need to be introduced to better accommodate different housing needs, UCT construction economics and management lecturer Rob McGaffin said on Thursday. A research report compiled by... 

Train plant construction ‘on track’, says Gibela 

By: Irma Venter     22nd September 2016 The construction of Gibela’s R1-billion train factory at Dunnottar, in Ekurhuleni, is on schedule, says the rail consortium in a project update. Gibela has been contracted to supply the Passenger Rail Agency of South Africa with 600 new passenger trains, in a deal worth R51-billion. The first 20... 

Train plant construction ‘on track’, says Gibela
Construction work at the site of Gibela’s R1-billion train factory in Dunnottar

Van Zyl departs MBSA trucks division

By: Irma Venter     22nd September 2016 Mercedes-Benz South Africa (MBSA) will, on December 1, welcome Jasper Hafkamp as its new Regional Centre Southern Africa (RCSA) executive director. In this position he will be responsible for Daimler Trucks & Buses (DT&B) in Southern Africa. Hafkamp joined Mercedes-Benz Nederland in 1995 after... 

Van Zyl departs MBSA trucks division
Kobus van Zyl

Bribery, corruption a high risk when conducting business in South Africa – lawyer

By: News24Wire      22nd September 2016 Doing business in South Africa comes with a high risk of being drawn into corrupt activities, including bribery, law firm ENS Africa said on Thursday. This was according to a 2016 antibribery and corruption survey conducted by the firm. 

Bombardier affirms localisation with new Isando facility 

     22nd September 2016 A new 6 000 m2 production site for rail technology provider Bombardier Transportation’s high-power propulsion equipment was opened earlier this month. Megan van Wyngaardt has the story. 

Bombardier affirms localisation with new Isando facility

Sanral judgment a victory for Cape Town - De Lille 

By: News24Wire      22nd September 2016 Sanral should stop wasting taxpayers' money and concede that they have followed an unlawful process in trying to toll the N1 and N2 freeways in Cape Town, the city's mayor said on Thursday. "The City of Cape Town has won every round in court since we launched our review application on 28 March... 

Sanral judgment a victory for Cape Town - De Lille
Cape Town Mayor Patricia de Lille

End-to-end mechanisation edging South Deep forward – Gold Fields

By: Martin Creamer     22nd September 2016 South Deep, Gold Fields’ fully mechanised deep-level gold mine, has reached the point of honouring its full mining value chain with on-the-go ground support, simultaneous backfilling of the voids created, an extension of mechanising to hanging wall and side wall drilling, and mesh support... 

End-to-end mechanisation edging South Deep forward – Gold Fields
Photo by Duane Daws
Gold Fields CEO Nick Holland

High-technology sport becomes virtual

By: Schalk Burger     22nd September 2016 The 65-year-old high-technology Formula One motorsport is increasingly using digital and virtual systems to gain small, but crucial, advantages against competitors, says Red Bull Racing CIO Matt Cadieux. Formula One is the pinnacle of motorsports, he enthuses, and cars can typically reach speeds... 

Ghana could be Africa's number four oil producer by 2020 – report

By: Reuters     22nd September 2016 Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240 000 bl/d, pan-African bank Ecobank said on Wednesday. The West African country produces around 103 000 bl/d ranking it ninth, far behind... 

SCA to rule on Winelands tolling

By: News24Wire      22nd September 2016 The Supreme Court of Appeal is to rule on the Winelands toll route matter on Thursday. The South African National Roads Agency Limited (Sanral) appealed a judgment over the right to toll the N1 and the N2 highways in August. The judgment was in favour of the City of Cape Town.On September 30 last... 

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