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Cabinet to consider emergency power plan as Eskom asks for 5 000 MW breathing space

By: Terence Creamer     11th December 2019 President Cyril Ramaphosa on Wednesday said Cabinet would consider several emergency power supply options at its meeting on Friday. He indicated during a briefing at Eskom's Megawatt Park head office that the power utility needed 5 000 MW of additional supply to help it address a deficit that has... 

Cabinet to consider emergency power plan as Eskom asks for 5 000 MW breathing space

Salvokop mixed-use development example of new, integrated urban development, says De Lille 

By: Simone Liedtke     11th December 2019 The establishment of Salvokop, in Tshwane, as a mixed-use development by the Department of Public Works and Infrastructure (DPWI) would drive integration and act as a catalyst for private sector investment, Public Works and Infrastructure Minister Patricia de Lille announced on Wednesday. She... 

Salvokop mixed-use development example of new, integrated urban development, says De Lille
Photo by Reuters
Patricia de Lille

Icasa to review end-user charter’s impact 

By: Natasha Odendaal     11th December 2019 The Independent Communications Authority of South Africa (Icasa) plans to investigate whether the amended End-user and Subscriber Service Charter Regulations are being adhered to. The authority is calling for public comments and submissions, within 30 days, on its intention to undertake a... 

Tongaat to ask JSE for resumed trade only late in January

By: Marleny Arnoldi     11th December 2019 JSE-listed sugar producer Tongaat Hulett has decided to only ask the JSE to lift the suspension in the trading of its shares after it publishes its trading statement for the six months ended September 30. The company in its results for the year ended March 31, published on Tuesday, indicated... 

Metair completes Romanian battery factory, mulls sale of energy storage business

By: Marleny Arnoldi     11th December 2019 JSE-listed automotive components maker Metair has successfully completed the installation of the company’s first lithium-ion battery cell manufacturing and assembly facility in Bucharest, Romania. The facility will start producing cells from the second quarter of next year, at a capacity of... 

Bell Equipment completes BEE transaction

By: Simone Liedtke     11th December 2019 In demonstrating its ongoing commitment to transformation and black economic empowerment (BEE) ownership in South Africa, machine industry company Bell Equipment’s Bell Equipment Company South Africa (Becsa) and Bell Equipment Sales South Africa (Bessa) subsidiaries have entered into transactions... 

Manufacturing key to 4IR, economic prosperity

By: Simone Liedtke     11th December 2019 Global Manufacturing and Industrialisation Summit (GMIS) organising committee MD Namir Hourani says the manufacturing sector is key to the Fourth Industrial Revolution (4IR). Speaking to Engineering News Online on the sidelines of GMIS, in Pretoria, on Tuesday, he explained that the sector –... 

Manufacturing key to 4IR, economic prosperity
Photo by Creamer Media's Dylan Slater
GMIS organising committee MD Namir Hourani

South Africa risks becoming a ‘forgotten country,’ top banker warns

By: Bloomberg     11th December 2019 South Africa must move quickly to implement the reforms needed to salvage its status as an investment destination and breathe life into the struggling economy, a senior banker said. “South Africa is rapidly becoming a forgotten country and has stopped being talked about as an investment... 

Goldman Sachs names new head of Johannesburg office

By: Reuters     11th December 2019 US investment bank Goldman Sachs has appointed Jonathan Penkin as head of its Johannesburg office, the bank's base for sub-Saharan Africa where the current chief executive is retiring at the end of the year. Penkin, who will relocate to Johannesburg, will be named CEO of Goldman Sachs... 

Cape Town to spend R65m on new transport facility in Somerset West

By: African News Agency      11th December 2019 The Cape Town council said on Wednesday it would spend approximately R65-million to construct a new public transport interchange in Somerset West. Mayoral committee member for transport Felicity Purchase said this was the biggest public investment in the central business district in recent years,... 

Alphabet's Loon agrees airspace deal with Uganda for internet balloon service

By: Reuters     11th December 2019 Loon, a unit of Google's owner Alphabet, which uses high-altitude balloons to provide mobile internet to remote areas, has signed a key access airspace agreement with Uganda. The deal grants Loon overflight rights crucial to its plans to provide floating balloon-enabled internet services in... 

African cities bet on new technology to fix growing water shortages

By: Reuters     11th December 2019 From solar-powered ground pumps to 3D-printed filters, new technology can help solve water shortages in African cities facing rapid growth, entrepreneurs and policymakers said. These were among the solutions discussed at a summit hosted by the Islamic Development Bank in Senegal's capital Dakar... 

Ramaphosa: 'There has been a measure of sabotage' behind power cuts 

By: News24Wire      11th December 2019 President Cyril Ramaphosa has said that sabotage contributed to recent uninterrupted load-shedding. Ramaphosa is briefing the media on Eskom after cutting short an official visit to Egypt. The president said that while a number of factors contributed to recent rotational power cuts, including... 

Ramaphosa: 'There has been a measure of sabotage' behind power cuts
President Cyril Ramaphosa

Top gold sector investor demands more action on carbon emissions

By: Reuters     11th December 2019 South Africa's biggest money manager has written to 22 gold mining companies asking them to disclose data on the emissions they cause, adding to pressure on the resources sector to tackle climate change. Investec Asset Management, which manages around £111-billion, including over $1-billion in... 

'I am not the minister responsible for Eskom' – Mantashe says he is not to blame for blackouts 

By: News24Wire      11th December 2019 Mineral Resources and Energy Minister Gwede Mantashe says South Africans should not blame him for Eskom's woes, pointing out that the power utility is actually part of Public Enterprises Minister Pravin Gordhan's area of responsibility. The minister, who faced widespread criticism this week, was... 

'I am not the minister responsible for Eskom' – Mantashe says he is not to blame for blackouts
Mineral Resources & Energy Minister Gwede Mantashe

Edenville inks two key coal supply contracts

By: Simone Liedtke     11th December 2019 Aim-listed Edenville Energy has signed two new significant contracts to supply washed coal from the company’s flagship Rukwa coal project, in western Tanzania. The two contracts are for the supply of up to 6 000 t and up to 3 000 t, respectively, of washed coal a month to industrial customers in... 

Newly appointed South African army chief dies

By: African News Agency      11th December 2019 The chief of the South African army, lieutenant-general Thabiso Collin Mokhosi, died on Tuesday morning at Unitas Hospital following a short illness.  Mokhosi was promoted to the position on November 1.  

Mining companies resuming operations after Stage 6 load-shedding impact 

By: Marleny Arnoldi     11th December 2019 JSE-listed Harmony Gold has resumed shifts at its nine South African underground gold mines from Tuesday afternoon, after power utility Eskom had returned to lower stages of load-shedding. London-listed Petra Diamonds also resumed its South African mining operations on Tuesday, albeit at a 20%... 

Mining companies resuming operations after Stage 6 load-shedding impact

Eskom’s Oberholzer: ‘Grid has been abused for far too long and we’re now reaping the reward’ 

By: News24Wire      11th December 2019 South Africa's national electricity grid has been abused for too long and both Eskom and the country are now suffering the consequences of a management approach that all but ignored the health of the system. "The electricity system has been abused for far too long. For at least ten years the... 

 Eskom’s Oberholzer: ‘Grid has been abused for far too long and we’re now reaping the reward’
Eskom COO Jan Oberholzer

Eskom implements Stage 2 load-shedding on Wednesday

By: News24Wire      11th December 2019 Electricity company Eskom said it was implementing Stage 2 load-shedding until 11 pm on Wednesday as capacity remained constrained, albeit at a lesser level than earlier in the week, adding that the probability for further rolling blackouts remained high for the rest of the week. "Load-shedding... 

Eskom implements Stage 2 load-shedding on Wednesday

Eskom: Multiple systems failures but grid remains stable and ‘won’t collapse’

By: News24Wire      11th December 2019 Eskom, the beleaguered national electricity utility, is suffering from multiple system failures at power stations around the country brought about by poor planning, old and malfunctioning infrastructure, an acute lack of skills and a loss of institutional expertise. Internal Eskom status updates... 

 Eskom: Multiple systems failures but grid remains stable and ‘won’t collapse’

Blackouts weighing heavily on business cycle - SACCI

By: African News Agency      11th December 2019 South Africa's rotational blackouts are placing the country's prospects of economic recovery under severe pressure and weighing heavily on businesses, the South African Chamber of Commerce and Industry (SACCI) has said.  "We have received many complaints from businesses in the retail and other... 

SANDF splashes R20.5m on luxury German cars, but says funding shortfall is impacting on maintaining military base in Centurion

By: News24Wire      11th December 2019 While the South African National Defence Force was unable to maintain the Thaba Tshwane military base in Centurion due to "predominantly a lack of funds", it has managed to find the cash to spend R20.5-million on "luxury vehicles", valued at over R600 000 each, for senior management in the... 

SANDF splashes R20.5m on luxury German cars, but says funding shortfall is impacting on maintaining military base in Centurion
Defence & Military Veterans Minister Nosiviwe Mapisa-Nqakula

DMRE’s promise of urgent action on power supply fails to include timelines

By: Terence Creamer     10th December 2019 The Department of Mineral Resources and Energy (DMRE) announced on Tuesday that the much-anticipated request for information (RFI) for emergency supply- and demand-side solutions to close the gap left by Eskom’s underperforming coal-fired power stations, both old and new, would be published soon.... 

DMRE’s promise of urgent action on power supply fails to include timelines
Photo by Creamer Media's Dylan Slater
Mineral Resources and Energy Minister Gwede Mantashe

Lurco's application against Koornfontein sale to be heard in January

By: Mamaili Mamaila     10th December 2019 Coal and chrome beneficiation and trading company Lurco Group is forging ahead with plans to take legal action against the sale of Koornfontein coal mine, with a new court date set for January 28, 2020.  Providing an update on the current status of the sale of the mine on Tuesday, the group noted... 

Manufacturing declines at slower pace in October 

By: Marleny Arnoldi     10th December 2019 Manufacturing output continued to decrease in October, albeit at a slower pace of 0.8% year-on-year, following a 2.4% year-on-year dip in September. The sector recorded growth of 2.7% on a seasonally adjusted month-on-month basis, from -2.4% in September.  

Productivity SA releases 2019 stats with renewed political support

By: Schalk Burger     10th December 2019 Statistical agency Productivity South Africa (SA) on Tuesday released the 2018/19 productivity statistics report, with Productivity SA chairperson Professor Mthunzi Mdwaba noting renewed political support and funding to fulfil the agency's mandate to support growth, employment and productivity to... 

Ramaphosa cuts short Egypt trip over power crisis

By: Reuters     10th December 2019 President Cyril Ramaphosa cut short his state visit Egypt so he could return home and meet with utility Eskom, local news agency EWN said on Tuesday, over a deepening power crisis that has seen six straight days of nationwide blackouts. Opposition political party, the Democratic Alliance, and... 

Ramaphosa cuts short Egypt trip over power crisis

Erik Smuts to succeed De Ruyter as Nampak CEO

By: Creamer Media Reporter      10th December 2019 Packaging product manufacturer Nampak has appointed Erik Smuts as CEO designate. He will take over as CEO on January 15, when outgoing CEO Andre de Ruyter takes up the position of CEO at power utility Eskom. 

BMW boss elected as new Naamsa president

By: Irma Venter     10th December 2019 The National Association of Automobile Manufacturers of South Africa (Naamsa) has elected BMW Group South Africa and sub-Saharan Africa CEO Tim Abbott as its new president. He will serve a two-year term. 

BMW boss elected as new Naamsa president
Tim Abbott

Mines halt operations countrywide as Eskom asks for 20% power savings 

By: News24Wire      10th December 2019 Several mining companies in South Africa have had to temporarily shut down domestic operations after receiving requests by Eskom to reduce their load on the national power system. This comes after Eskom instituted stage 6 load-shedding for the first time on Monday evening. Stage 6 was downgraded... 

Western Cape’s first property report provides ‘one stop shop’ guide for investors

By: Marleny Arnoldi     10th December 2019 The Western Cape's trade promotion agency Wesgro has launched an inaugural report on the province’s property market, which it says provides a comparative analysis on commercial office, retail, industrial and residential property for sale or to rent. Wesgro CEO Tim Harris said in a statement on... 

Load-shedding could slash SA's GDP growth to just 0.3% – Intellidex

By: News24Wire      10th December 2019 At the start of 2019, the World Bank and other financial institutions predicted that South Africa's economy would grow at around 1.3% in 2019. This figure has been repeatedly downgraded, with the SA Reserve Bank anticipating growth of just 0.5% - below the GDP growth South African achieved in... 

 Load-shedding could slash SA's GDP growth to just 0.3% – Intellidex

4IR could lead to ‘profound changes’, says German embassy

By: Simone Liedtke     10th December 2019 The Fourth Industrial Revolution (4IR) would “radically transform the working environment” and affect almost every industry and country and, in so doing, lead to “profound changes in systems, production and government”, Embassy of the Federal Republic of Germany to South Africa cooperation head... 

4IR could lead to ‘profound changes’, says German embassy
Photo by Creamer Media's Dylan Slater
Embassy of Germany cooperation head Fabian Kyrieleis

FairPlay again asks for Brazilian chicken import ban

By: Marleny Arnoldi     10th December 2019 Nonprofit trade movement FairPlay has welcomed the food-safety-related prosecutions of 11 former employees of Brazilian poultry processor BRF SA. BRF was under criminal investigation by Brazilian federal prosecutors for allegedly evading food safety checks, leading to the employees, including... 

FairPlay again asks for Brazilian chicken import ban

Tongaat starts seeing green shoots as business restructuring progresses

By: Marleny Arnoldi     10th December 2019 Sugar producer Tongaat Hulett managed to contain headline losses at R923-million for the financial year ended March 31. This is slightly lower than the headline loss of R947-million reported for the year ended March 31, 2018.  

Tongaat starts seeing green shoots as business restructuring progresses

South African nuclear industry body announces new president

By: Rebecca Campbell     10th December 2019 The Nuclear Industry Association of South Africa (Niasa) announced, on Tuesday, that it had appointed a new president, with effect from this month. He is Professor Itumeleng Mosala. The association has also appointed two special advisers to its board, namely Dr Pali Lehohla and Silas Zimu. “Prof... 

Load-shedding: Cape Town warns that water supply may be intermittent at Stage 6

By: News24Wire      10th December 2019 Capetonians who are seeing red over load-shedding should also prepare for possible interruptions to their water supply should Eskom decide to move to Stage 6, it emerged on Tuesday. Citizens around the country were caught by surprise when the power utility moved to Stage 6 on Monday evening. On... 

Load-shedding: Cape Town warns that water supply may be intermittent at Stage 6

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