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Jobs summit announced as Ramaphosa delivers message of ‘hope and renewal’

By: Terence Creamer     16th February 2018 President Cyril Ramaphosa, who sought to align his nascent presidency as closely as possible with that of President Nelson Mandela in his inaugural State of the Nation (SoNa) address on Friday night, announced that a jobs summit would be convened in the coming months to allow social partners to... 

Jobs summit announced as Ramaphosa delivers message of ‘hope and renewal’
President Cyril Ramaphosa

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions

By: Terence Creamer     16th February 2018 The global head of GE Power says the group anticipates that South Africa’s future electricity mix will incorporate higher contributions from wind and solar and that its South African unit, which currently has a strong coal focus, will “pivot and adjust” its skills and localisation strategies... 

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions
GE Power president and CEO Russell Stokes

Isuzu launches standalone South African business, new mu-X utility vehicle

By: Megan van Wyngaardt     16th February 2018 Isuzu Motors South Africa (IMSA) on Friday not only launched its standalone business at its manufacturing plant in Struandale, Port Elizabeth – apart from the General Motors brand, following the latter’s exit from South Africa last year –  but also showcased its new bakkie-derived sports utility... 

Isuzu launches standalone South African business, new mu-X utility vehicle
Isuzu mu-X

Eskom's Matshela Koko submits letter of resignation

By: News24Wire      16th February 2018 Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.   This came out at his second disciplinary hearing, currently taking place in Sandton. 

Eskom's Matshela Koko submits letter of resignation
Photo by Duane Daws
Eskom Executive Matshela Koko

Werksmans questions Transnet's statement about 1 064 locomotive procurement report

By: Simone Liedtke     16th February 2018 Law firm Werksmans Attorneys on Friday said it was surprised at State-owned Transnet board's attempt to absolve anyone of wrongdoing when its report into alleged fraud related to the procurement of 1 064 locomotives, had concluded that, not only should Transnet institute appropriate disciplinary... 

Altron secures R585m Limpopo broadband project

By: Natasha Odendaal     16th February 2018 JSE-listed Allied Electronics (Altron) subsidiary Altech Radio has been awarded a three-year, R585-million contract to establish an affordable, secure, open-access broadband network in Limpopo. Phase one of the Limpopo provincial government-led project, implemented through Limpopo Connexion, will... 

Davies assures DTI will weather budget constraints

By: Megan van Wyngaardt     16th February 2018 While the South African fiscus will face a tough Budget – to be tabled by Finance Minister Malusi Gigaba next week – Trade and Industry Minister Dr Rob Davies said his department would rise to the challenge and “work with whatever resources we get”. Speaking to Engineering News Online on the... 

Cartrack launches R9.99 a month anti-theft product

By: Irma Venter     16th February 2018 Fleet management and vehicle tracking group Cartrack has launched a R9.99-a-month theft-only insurance product. The JSE-listed group on Friday said the “first-to-market innovative insurance offering for vehicle theft” targeted the uninsured market in South Africa. 

Cartrack launches R9.99 a month anti-theft product
Cartrack CEO Zak Calisto

Stellenbosch declares Level 6B water restrictions

By: News24Wire      16th February 2018 Joining Cape Town, Stellenbosch municipality is set to enforce Level 6B water restrictions from Monday, February 19, to help extend the availability of water in the region, Mayor Gesie van Deventer announced. The municipality is situated about 50 km east of Cape Town and receives two thirds of... 

CDC launches inaugural supplier development day

By: Simone Liedtke     16th February 2018 The Coega Development Corporation (CDC) will hold its inaugural Supplier Development Day at the Vulindlela Accommodation and Conference Centre (VACC), in Coega, in the Eastern Cape, on February 22. The event seeks to facilitate access to information for small, medium-sized and microenterprises... 

Media companies fined for price-fixing

By: Simone Liedtke     16th February 2018 Two print media companies have concluded consent agreements with the Competition Commission and agreed to pay fines amounting to millions of rands after admitting to participating in price fixing and the fixing of trading conditions in contravention of the Competition Act. The two separate... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 People are concerned about noise, emissions and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, general director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Russian views on the future of civil aeronautics

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      16th February 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

Eyes on Gigaba amid talk of Cabinet reshuffle before budget

By: Reuters     16th February 2018 South Africa's Treasury is set to present its 2018 budget to parliament on Wednesday but market focus is on whether new President Cyril Ramaphosa will reshuffle the cabinet before then and replace Finance Minister Malusi Gigaba. Ramaphosa was sworn in as head of state on Thursday after his... 

Eyes on Gigaba amid talk of Cabinet reshuffle before budget
Photo by Bloomberg
Finance Minister Malusi Gigaba

Rand flirts with R11.50/$ as markets await possible Cabinet reshuffle

By: News24Wire      16th February 2018 Rand gains on the election of a new South African president have run their course, say analysts, as markets await a possible Cabinet reshuffle this weekend. The rand, which opened at R11.62 to the dollar on Friday, strengthened to R11.56/$ during the course of the morning. However, analysts... 

 Rand flirts with R11.50/$ as markets await possible Cabinet reshuffle

Ramaphosa carries weight of economic expectations on shoulders

By: African News Agency      16th February 2018 South Africa’s brand new President Cyril Ramaphosa is riding on a wave of goodwill across the political divide as the country looks to him to steer the recovery of an ailing economy widely attributed to his predecessor Jacob Zuma. But failure by Ramaphosa to quickly get the economy back on track... 

Ramaphosa carries weight of economic expectations on shoulders
President Cyril Ramaphosa

Ramaphosa set to outline priorities in key speech

By: Reuters     16th February 2018 President Cyril Ramaphosa is expected to give more details about how he plans to tackle corruption and boost economic growth on Friday, when he delivers his first state of the nation address. Ramaphosa was sworn in as head of state on Thursday after his scandal-plagued predecessor, Jacob Zuma,... 

Ramaphosa set to outline priorities in key speech
President Cyril Ramaphosa

Public Protector report on ABSA bailout set aside

By: News24Wire      16th February 2018 The Public Protector's Bankorp-CIEX report, where ABSA was ordered to pay R1.125-billion, was set aside on Friday by the Pretoria High Court. The case had seen Public Protector Busisiwe Mkhwebane and the South African Reserve Bank (SARB) face off in court. 

 Public Protector report on ABSA bailout set aside
Photo by Reuters
Public Protector Busisiwe Mkhwebane

Transnet not taking immediate disciplinary action following ‘inconclusive’ Werksmans report

By: African News Agency      16th February 2018 South African state entity, Transnet, said on Thursday that it would not be taking any disciplinary action at this stage or suspending any officials implicated in the 1064 locomotives scandal due to the inconclusive nature of the forensic report. Transnet last year appointed Werksmans Attorneys... 

'All systems go' for Sona, MPs hear

By: News24Wire      16th February 2018 Preparations for a State of the Nation Address (Sona), to be given by incoming president Cyril Ramaphosa, is on track for Friday evening. Ramaphosa was elected President at a sitting in the National Assembly on Thursday. 

 'All systems go' for Sona, MPs hear

PPC to pay particular attention to its financial position in 2018

By: Simone Liedtke     15th February 2018 While Johan Claassen, who was, on Wednesday, appointed permanent CEO of PPC, does not foresee any major changes for the company this year, he notes that particular attention will be paid to the company's financial position this year. This, he explained to Engineering News Online, falls in line... 

PPC to pay particular attention to its financial position in 2018
PPC CEO Johan Claassen

Contract duration key to hybrid-power-for-mines investment case

By: Terence Creamer     15th February 2018 Alignment between a mine’s life and the tenor of a power purchase agreement (PPA) has been held up as the main consideration for those mining operations considering investments into hybrid power solutions, which combine renewable energy and battery storage with gas or diesel generators. Speaking... 

Contract duration key to hybrid-power-for-mines investment case
The hybrid installation at the DeGrussa copper-gold mine in Western Australia

JRA to convert Jan Smuts avenue to a dual carriageway

By: Megan van Wyngaardt     15th February 2018 The Johannesburg Road Agency (JRA) has developed a draft design for the future upgrading of Jan Smuts avenue to a dual carriageway from Northwold drive to Bolton drive and from Eighth avenue to Kent road in Rosebank, to improve mobility and decrease congestion on the main arterial route. The... 

Ramaphosa says he faces a humbling task

By: African News Agency      15th February 2018 South African President Cyril Ramaphosa on Thursday told Parliament he felt humbled by being chosen to lead the country and would seek to work with all political parties. He said he planned to meet with the opposition, "so that we can try and find a way to work together and I am heartened by some... 

Ramaphosa says he faces a humbling task
President Cyril Ramaphosa

Tribunal approves amendment to payment terms of AMSA’s R1.5bn settlement agreement

By: Creamer Media Reporter      15th February 2018 The Competition Tribunal has approved a variation agreement allowing ArcelorMittal South Africa (AMSA) to pay the first R300-million instalment of its R1.5-billion fine in three tranches.   In late 2016, AMSA concluded a settlement agreement with the Competition Commission in terms of which it... 

Business organisations hope for greater policy certainty after Zuma’s resignation

By: Anine Kilian     15th February 2018 Industry bodies throughout South Africa have welcomed Jacob Zuma’s decision to step down as President. The South African Chamber of Commerce and Industry (Sacci) on Thursday said it applauded Zuma’s remarks where he reaffirmed and pledged his commitment to the Constitution and the rule of law,... 

Ramaphosa formally elected as President

     15th February 2018 Cyril Ramaphosa was elected as South Africa's new president by the National Assembly on Thursday, a day after the deeply unpopular Jacob Zuma was forced to resign by the ruling party. Ramaphosa, 65, was the sole candidate put forward by the National Assembly and takes up the top post two decades... 

Ramaphosa formally elected as President
President Cyril Ramaphosa

Blue Label to post higher interim earnings

By: Natasha Odendaal     15th February 2018 JSE-listed Blue Label Telecoms on Thursday said it expects its basic earnings per share (EPS) and headline and core headline earnings per share (HEPS) for the six months ended November 30 to surge by between 93% and 115%. The company expects to post EPS of between 159.25c and 175.61c apiece for... 

Zambia's President Lungu appoints new finance, mining ministers

By: Reuters     15th February 2018 Zambian President Edgar Lungu appointed new finance and mining ministers in a reshuffle on Wednesday that included changes in numerous other departments as well. Margaret Mwanakatwe was appointed finance minister while Richard Musukwa was named minister of mining, the government said in a... 

Moody's says monitoring policy implications of South African leadership changes

By: African News Agency      15th February 2018 Moody's said on Thursday it was closely monitoring developments in South Africa after President Jacob Zuma's resignation, and was focused on the policy implications of ongoing changes in the country's leadership. "The key point from a credit perspective will be the new leadership’s response to... 

Alstom Foundation unveils new welding curriculum for Duduza school 

     15th February 2018 Alstom Ubunye has unveiled its latest educational initiative, a new welding school at a Secondary School in the Duduza township near Nigel. Natasha Odendaal tells us more. 

Alstom Foundation unveils new welding curriculum for Duduza school. Editing: Christo Greyling.

Northam opens R900m platinum smelter expansion

By: Martin Creamer     15th February 2018 Platinum mining company Northam on Thursday officially opened a R900-million smelter expansion at its Zondereinde platinum mine in Limpopo province. The addition of a second furnace extends the JSE-listed company’s 30-year-old partnership with metals company Heraeus, which contributed €20-million... 

Northam opens R900m platinum smelter expansion
Heraeus Precious Metals president André Christl and Northam CEO Paul Dunne

What can business expect from a Cyril Ramaphosa Presidency 

     15th February 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about what business expects from the post-Zuma era and how Cyril Ramaphosa’s Presidency may meet those expectations. 

What can business expect from a Cyril Ramaphosa Presidency

Vandalism threatens Cape Town public transport – Councillor Herron

By: African News Agency      15th February 2018 The latest statistics on vandalism of Cape Town's bus services MyCiTi, Golden Arrow, and Prasa - the Passenger Rail Agency of South Africa – indicate that public transport faces an onslaught, Councillor Brett Herron said on Wednesday. Herron, a member of the mayoral committee for transport and... 

Any US tariffs could spark trade war, cut growth, Germany says

By: Reuters     15th February 2018 The German chamber of commerce said on Wednesday that US import tariffs on steel could trigger a trade war with major trading partners, which analysts say could cut growth in Europe's largest economy by up to one percentage point. US President Donald Trump said on Tuesday he was considering a... 

Cape Town to host a trio of major water conferences in 2018

By: Kim Cloete     15th February 2018 Cape Town is fast becoming the international water conference capital for this year, with the city and the Western Cape Convention Bureau having won a bid to host its third major conference on water this year. The International Conference on Sanitation, Waste and Water will be held in November... 

ARB maintains growth in tough environment

By: Natasha Odendaal     15th February 2018 JSE-listed ARB Holdings on Thursday posted a 34% hike in headline earnings per share (HEPS) to 37.62c for the six months ended December 31, mostly owing to a put option International Financial Reporting Standards (IFRS) adjustment. Nearly 21%, or 5.88c, of the HEPS increase was the positive... 

Rand hovers near 2-1/2 year highs after Zuma steps down

By: African News Agency      15th February 2018 South Africa's rand hovered near two-and-half year highs against the US dollar early on Thursday, boosted by President Jacob Zuma's late night resignation after his ruling ANC party recalled him from his post this week. Many South Africans are cheering the exit of Zuma who has been dogged by... 

Rand hovers near 2-1/2 year highs after Zuma steps down

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