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MTN disposes of its MTN Cyprus holdings for R4.1bn

By: Natasha Odendaal     16th July 2018 JSE-listed MTN Group subsidiary MTN Dubai has sold 100% of MTN Cyprus to Monaco Telecom for R4.1-billion in cash. The deal, which forms part of the group’s ongoing portfolio review, values the Cyprus subsidiary eight times that of reported 2017 earnings before interest, taxes, depreciation and... 

Davies concerned about extension of US tariffs to autos and auto parts

By: African News Agency      16th July 2018 South Africa’s steel and aluminium exports to the United States does not pose any threat to US national security, says Trade and Industry Minister Dr Rob Davies. Davies was speaking during bilateral meetings in Washington DC with US Trade Representative Ambassador Robert Lighthizer, US Secretary... 

Davies concerned about extension of US tariffs to autos and auto parts
Trade and Industry Minister Dr Rob Davies

Acwa Power, CEF to co-invest in Redstone CSP project

By: Marleny Arnoldi     16th July 2018 Power generation technology developer Acwa Power on Monday signed an investment agreement with South Africa’s Central Energy Fund (CEF) regarding the Redstone concentrated solar thermal power plant (CSP) plant, in the Northern Cape.  

Acwa Power, CEF to co-invest in Redstone CSP project
Acwa investment agreement signed with CEF

UAE pledges $10bn in investment, South Africa says

By: Reuters     16th July 2018 The United Arab Emirates (UAE) has pledged to invest $10-billion in South Africa's economy, including the tourism and mining sectors, the South African presidency said on Saturday. Saudi Arabia committed a similar sum with a focus on energy during a Middle East visit by South African President... 

Multimillion-rand French funding deal for drought-stricken Western Cape still needs environmental approval

By: News24Wire      16th July 2018 A nearly R9-million joint desalination project between the Western Cape government and the French government still needs the required environmental approval for operation in November. The solar-powered desalination plant, the first of its kind, will be located in the coastal town of Witsand on... 

Ministers reiterate commitment to implementation of LHWP Phase 2

By: Simone Liedtke     16th July 2018 South African Water and Sanitation Minister Gugile Nkwinti, Lesotho Water Minister Samonyane Ntsekele and the Lesotho High Commissioner Sello Moloto have reaffirmed their commitment to the successful implementation of the Lesotho Highlands Water Project (LHWP) Phase 2. Poised to secure a... 

SA business delegation arrives in Angola for trade and investment mission

By: African News Agency      16th July 2018 The South African business delegation arrived in Luanda, Angola on Monday, for a five-day trade and investment mission. The mission is led by the Deputy Minister of Trade and Industry, Bulelani Magwanishe, and is set to take place from Monday until July 21. 

 SA business delegation arrives in Angola for trade and investment mission

New South African private market firm drives international portfolio access for local investors

By: Simone Liedtke     16th July 2018 Global private markets investment manager Partners Group and African information and communications technology impact investor Convergence Partners have joined forces to support the establishment of a private markets firm, Helical Capital Partners, which will provide the South African investor... 

Brazilian aerospace group predicts strong growth in smaller airliner segment

By: Rebecca Campbell     16th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released on Sunday at Farnborough in the UK, the day before the start... 

Brazilian aerospace group predicts strong growth in smaller airliner segment
Photo by Airlink
An Embraer E190 aircraft of South African airline Airlink

South African engineers invited to enter Africa Prize for Engineering Innovation programme

By: Simone Liedtke     16th July 2018 Entries are open for engineers from South Africa and other sub-Saharan African countries to participate in the Africa Prize for Engineering Innovation. The deadline for entries is July 23. 

Telecom Egypt, Liquid Telecom sign MoU to complete fibre network from Cape Town to Cairo

By: Reuters     16th July 2018 Telecom Egypt has signed a memorandum of understanding with Liquid Telecom to enable the Pan-African group to complete Africa’s terrestrial fibre network stretching across the African continent, the companies said on Saturday. Liquid Telecom, a subsidiary of Econet Wireless Global, has been... 

Africa's richest man signs $650m Afreximbank loan for oil refinery

By: Reuters     16th July 2018 Africa's richest man, Aliko Dangote, has signed a $650-million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12 J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

CCP 12j MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

SARB launches commemorative Mandela notes, R5 coin for circulation

By: Marleny Arnoldi     13th July 2018 The South African Reserve Bank (SARB) on Friday hosted a commemorative occasion at Freedom Park, in Pretoria, to introduce a series of banknotes and a R5 circulation coin, in honour of what would have been former President Nelson Mandela’s one-hundredth birthday this year.  

SARB launches commemorative Mandela notes, R5 coin for circulation
Photo by Marleny Arnoldi
SARB commemorative notes to be circulated in July

Total’s acquisition of Engie LNG portfolio closes

By: Marleny Arnoldi     13th July 2018 Petroleum giant Total’s acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5-billion, has closed.  

Transnet Pipelines unveils new national operating centre

By: Shirley le Guern     13th July 2018 A new national operating centre (NOC) that will serve as a nerve centre for Transnet Pipelines (TPL) and its 3 800 km underground national pipeline network was officially opened in Durban on Friday. Up until now, the control centre was based at TPL’s head office in the Durban central business... 

Transnet Pipelines unveils new national operating centre
Transnet Group CEO Siyabonga Gama, TPL COO Sibongiseni Khathi and Transnet COO Mlamuli Buthelezi

Putin to take part in Brics summit in South Africa – Kremlin

By: Reuters     13th July 2018 Russian President Vladimir Putin plans to visit South Africa for a summit of BRICS countries on July 26 and 27, Kremlin foreign policy aide Yuri Ushakov said on Friday. The BRICS group of emerging economies comprises Brazil, Russia, India, China and South Africa. 

Low-carbon economy scenarios project under way

By: Terence Creamer     13th July 2018 Amid growing calls for South Africa’s transition to a low-carbon economy to be a just one, a project has been launched to map the possible socioeconomic and environmental scenarios for the transition. The initiative is being undertaken by the Mapungubwe Institute for Strategic Reflection... 

Low-carbon economy scenarios project under way
Zamanzima Mazibuko

One arrested as Eskom stolen cables worth R5m discovered in Johannesburg

By: Reuters     13th July 2018 An investigation team from Eskom recovered stolen Eskom infrastructure worth R5-million, the power utility said on Friday. One person was arrested when the team and members of the SA Police Service made the discovery of the infrastructure, which included aluminium and copper cables, in... 

Action needed to integrate UAVs into civil air space in South Africa – Denel

By: Rebecca Campbell     13th July 2018 Unmanned aerial vehicle (UAV) manufacturer Denel Dynamics (which also produces missiles and space technology) has called for a national programme to integrate UAVs (popularly called drones) into the country’s civilian controlled air space. Controlled air space is air space in which all air... 

Action needed to integrate UAVs into civil air space in South Africa – Denel
Photo by Duane Daws/Creamer Media
A Denel Dynamics Seeker military UAV (with a Casspir mine-protected vehicle in the background)

Thyssenkrupp launches industrial-scale water electrolysis solution for large projects

By: Schalk Burger     13th July 2018 Engineering and construction company Thyssenkrupp Industrial Solutions on Thursday launched its industrial-scale advanced water electrolysis solution that makes large-scale hydrogen production from electricity economically attractive. The advanced water electrolysis features a well-proven cell... 

Inquiry into Grayston drive bridge collapse awaiting heads of arguments

By: Creamer Media Reporter      13th July 2018 The Department of Labour-led inquiry into the October 2015 collapse of the Grayston drive pedestrian and cyclist structural bridge this week completed its work of gathering evidence. It is now awaiting the submission of written heads of arguments by legal representatives of interested... 

Bell Equipment, Sanral MoU gives small contractors access to earthmovers

By: Schalk Burger     13th July 2018 The South African National Roads Agency Limited (Sanral) and construction machinery company Bell Equipment have signed a memorandum of understanding that will give small contractors access to earthmoving machinery to allow them to participate more meaningfully in major construction projects. The... 

Stenprop acquires industrial estate for £3.1m

By: Creamer Media Reporter      13th July 2018 JSE- and LSE-listed industrial property investor Stenprop has acquired an industrial estate in Newport, South Wales, from Storage Giant for £3.1-million. Estuary Court is a modern estate, located in the established industrial location of Queensway Meadows. It comprises 20 units offering 34 980... 

BBBEE certification company punished for lack of verification quality control

By: Schalk Burger     13th July 2018 The Broad-Based Black Economic Empowerment (BBBEE) Commission has found that empowerment certification company BEE Matrix South Africa issued certificates between 2015 and 2017 that did not comply with verification procedures. The commission said in a statement on Friday that BEE Matrix SA has... 

Infrastructure-focused firm moving to raise capital for next round of acquisitions

By: Terence Creamer     13th July 2018 JSE-listed investment holding company GAIA Infrastructure Capital is embarking on an investor roadshow in an effort to raise the capital it needs to acquire additional infrastructure assets with a combined value of R1.7-billion. The company, which invests in operating infrastructure assets in... 

Infrastructure-focused firm moving to raise capital for next round of acquisitions
GAIA Infrastructure Capital CEO Prudence Lebina

China June aluminium, steel exports rise as trade row intensifies

By: Reuters     13th July 2018 China's aluminium exports exceeded half a-million tonnes for only the second time ever in June as stronger international than domestic prices encouraged overseas shipments, while steel exports hit an 11-month high, defying US tariffs. China is the world's biggest producer of both steel and... 

UN Security Council to vote Friday on proposed arms embargo on South Sudan

By: Reuters     13th July 2018 The United Nations Security Council is due to vote on Friday on a US-drafted resolution that would impose an arms embargo on South Sudan, five years after civil war broke out in the country, diplomats said on Thursday. A resolution needs nine votes in favor and no vetoes by Russia, China,... 

Truck dealerships facing a tough future, says BB Group CEO

By: Irma Venter     13th July 2018 The number of truck dealerships in South Africa will decrease over the next few years, says BB Motor Group CEO Arnold du Plessis. The 59-year-old BB Group owns 33 dealerships, ranging from passenger cars to heavy trucks. 

Truck dealerships facing a tough future, says BB Group CEO

MeerKAT radio telescope inaugurated as precursor to larger SKA project

By: Simone Liedtke     13th July 2018 After a decade in design and construction, the MeerKAT radio telescope, located about 90 km from Canarvon in the Northern Cape, was inaugurated on Friday. The MeerKAT is the precursor to the R10-billion Square Kilometre Array (SKA) – an international enterprise to build the largest and most... 

MeerKAT radio telescope inaugurated as precursor to larger SKA project

Others expected to follow Coca-Cola’s solar leadership as costs fall

By: Simone Liedtke     13th July 2018 Coca-Cola Beverages South Africa (CCBSA), Coca-Cola’s bottling partner in South Africa, is aiming to have 25% of its electricity powered by renewable sources by 2025. The company says the first 10% of this renewable energy, about 18-million kilowatt hours a year, will be rolled out nationwide... 

Others expected to follow Coca-Cola’s solar leadership as costs fall

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      13th July 2018 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

Panasonic launches its new headquarters in Cape Town

By: Kim Cloete     12th July 2018 Prompted by a growing customer base in the Western Cape, Panasonic South Africa has launched its new South African headquarters in Century City, in Cape Town. “We are excited about our new headquarters. We decided to move to the Western Cape because of the growth in our customer base in this... 

Panasonic launches its new headquarters in Cape Town
Springbok rugby captain Siya Kolisi and Panasonic South Africa MD Hidetoshi Kaneko

Wind energy industry warned of tough road ahead

By: Kim Cloete     12th July 2018 A leading economist has warned the wind energy industry that it will need to become even more competitive and lower the price of wind power in a stagnant and increasingly challenging South African energy sector.   “Our power sector is bankrupt. Whether we like it or not, this will impact the wind... 

Wind energy industry warned of tough road ahead

Property sector must do more on transformation – PSCC

By: Schalk Burger     12th July 2018 The South African property sector is making reasonable efforts towards transformation, but it needs to pick up the pace, says the Property Sector Charter Council (PSCC). The PSCC this week released the results of its ‘2016-2017 State of Transformation Report’, which sampled institutional... 

South African M&A activity declines in H1

By: Marleny Arnoldi     12th July 2018 Merger and acquisition (M&A) transactions in South Africa declined in terms of both volume and value of domestic and cross-border deals, according to analysis by law firm Baker McKenzie.  

Mintek, Unisa acquire 3D X-ray microscopy system

By: Marleny Arnoldi     12th July 2018 Minerals beneficiator Mintek and Unisa’s College of Science, Engineering and Technology have jointly acquired a three-dimensional (3D) X-ray microscopy system, which the companies will launch on July 24 at Unisa’s Florida science campus.  

Saudi Arabia pledges to invest R133bn in South African energy sector

By: News24Wire      12th July 2018 President Cyril Ramaphosa’s ambitious plan to attract $100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest $10-billion (about R133-billion) in the country. This is expected to be invested in the energy and power creation... 

Saudi Arabia pledges to invest R133bn in South African energy sector
President Cyril Ramaphosa and Saudi Arabian Minister of African Affairs Mahomed bin Adullah Al-Kattan

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