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EIUG supports Eskom plan for new pricing deals with power-intensive firms

By: Terence Creamer     22nd March 2017 The Energy Intensive User Group of Southern Africa (EIUG) believes there is policy, legislative and regulatory space to introduce new electricity pricing arrangements to help restart of idle mining and process-industry activities, as well as encourage new investments to absorb Eskom’s surplus,... 

EIUG supports Eskom plan for new pricing deals with power-intensive firms

S&P affirms Eskom rating on ‘extremely high’ likelihood of govt support as liquidity weakens

By: Terence Creamer     22nd March 2017 S&P Global Ratings has sustained a negative outlook on Eskom after affirming its 'BB-' sub-investment-grade rating this week, pointing to the State-owned electricity utility’s weakening liquidity position as a result of a “lower-than-expected” tariff increase for 2017/18. On February 23, the... 

S&P affirms Eskom rating on ‘extremely high’ likelihood of govt support as liquidity weakens

Eskom announces executive committee changes

By: Megan van Wyngaardt     22nd March 2017 Power provider Eskom has seconded group capital executive Abram Masango to the office of the group CE, to further strengthen the implementation of Eskom’s corporate plan. Eskom interim CEO Matshela Koko said the move was part of the company’s design-to-cost five-year strategic corporate plan,... 

Attacq welcomes BMW’s R400m investment in Waterfall distribution facility

By: Anine Kilian     22nd March 2017 JSE-listed Attacq has welcomed BMW Group South Africa’s (BMW SA's) decision to invest in the construction of a 32 000 m2 regional distribution facility at the Waterfall Distribution Campus, in Midrand, Gauteng. The value of this investment and the revamp of its headquarters, also in Midrand,... 

BMW SA invests in new warehouse, X3 production to start in 2018

By: Irma Venter     22nd March 2017 BMW Group South Africa (BMW SA) will, over the next two years, invest R400-million in a new regional distribution centre (RDC) and the expansion of its Midrand headquarters. The R400-million investment is in addition to the R6-billion injection, announced in November 2015, to prepare the... 

BMW SA invests in new warehouse, X3 production to start in 2018
Photo by Boogertman + Partners
Design impressions of the future BMW Group SA Midrand campus

Argosy truck out, electric vehicles in, says Merc SA

By: Irma Venter     22nd March 2017 Daimler Trucks and Buses Southern Africa (DTBSA) saw a 12.6% drop in sales in 2016 compared with 2015. The company sold 4 631 new trucks and buses in South Africa in 2016, down from the 5 300 units and 5 897 units recorded in 2015 and 2014, respectively. 

Argosy truck out, electric vehicles in, says Merc SA

China's Sinopec buys first major refinery in Africa from Chevron

By: Reuters     22nd March 2017 China's Sinopec will pay almost $1-billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the... 

Current account deficit narrows to near 6-year low; inflation slows

By: Reuters     22nd March 2017 South Africa's current account deficit narrowed more than expected in the fourth quarter of last year to its lowest in nearly six years, helped by a surge in mining exports after a rise in global commodity prices, the central bank said on Wednesday. The rand extended gains against the dollar in... 

Seifsa welcomes easing inflation

By: Megan van Wyngaardt     22nd March 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Wednesday welcomed the easing in consumer price inflation to 6.3% in February, down from 6.6% in January. Contributors to easing inflation included food and nonalcoholic beverages, as well as household contents and... 

Jasco acquires 65% stake in Cross Fire for R52m

By: Natasha Odendaal     22nd March 2017 JSE-listed Jasco is acquiring a 65.4% stake in Cross Fire in a R52.3-million deal with Cross Fire management and its Cross Fire founder John Cross. The addition of Cross Fire will bolster Jasco’s existing fire solutions portfolio in the blue-chip corporate market and lift it into the top three... 

Outa threatens DWS with court over water issues

By: Megan van Wyngaardt     22nd March 2017 Seventy-one per cent of wastewater treatment facilities in South Africa are noncompliant and discharge more than four-billion litres of toxic wastewater into South Africa’s water resources every day, an investigation by the Organisation Undoing Tax Abuse (Outa) has revealed. The organisation on... 

The African way of Western leadership practices can lead to business success, study finds

By: Natasha Odendaal     22nd March 2017 A hybrid approach to leadership, merging Western and African styles, may be key to business success in African markets, a new Nelson Mandela Metropolitan University (NMMU) Business School study has found. Despite the significant differences, a combination of Western pragmatism and African... 

Business school association appoints new president

By: Anine Kilian     22nd March 2017 The South African Business School Association (Sabsa) has appointed Gordon Institute of Business Science (GIBS) Dean Professor Nicola Kleyn as its new president. Kleyn who was appointed dean at GIBS in April 2015, is widely published on the topics of business ethics, branding and reputation... 

Water availability in rural regions still lags

By: Natasha Odendaal     22nd March 2017 Around 3.5-million rural people in South Africa are still living without access to clean water, WaterAid Southern Africa regional director Robert Kampala said this week following the release of WaterAid’s yearly analysis of global water access. The report, titled ‘Wild Water: The State of the... 

Water availability in rural regions still lags

Soweto hearings on prepaid electricity begin

By: African News Agency      22nd March 2017 Petition hearings on Soweto prepaid electricity metering concerns get underway Wednesday morning at the St John’s Church, Jazzyville in Diepkloof extension 1, Parliament has announced. “The hearings will be held under the auspices of Parliament’s Committees on Public Enterprises and Cooperative... 

DTI urges captains of industry to take the lead in African trade

By: African News Agency      22nd March 2017 The South African Department of Trade and Industry (DTI) on Wednesday called on business leaders to take the lead in fighting poverty, unemployment and inequality on the continent through the promotion of regional trade. The department said in a statement that Seema Sardha, director of export... 

Wärtsilä supplies 15 MW solar plant in Burkina Faso

By: Megan van Wyngaardt     22nd March 2017 Technology group Wärtsilä has entered into an agreement with independent power producer Eren Renewable Energy’s 90%-owned Essakane Solar, in Burkina Faso, to supply it with a 15 MW solar photovoltaic (PV) power plant. The remaining 10% is owned by Eren’s development partner African Energy... 

US firm seeks $561m from Tanzania in power supply dispute

By: Reuters     22nd March 2017 Symbion Power is seeking $561-million from Tanzania's state power supplier Tanesco via international mediation, accusing it of breach of contract, the US firm said on Tuesday. Symbion owns a 120 MW thermal power plant in Tanzania's commercial capital Dar es Salaam and is one the handful of... 

New British factory turns London's black cabs green

By: Reuters     22nd March 2017 The Chinese-owned maker of London's black cabs opened a new factory in central England on Wednesday to produce electric taxis which it also hopes to sell overseas for the first time to cities keen on the famous brand and concerned about pollution. The London Taxi Company plant near the city of... 

City of Cape Town to try flexi-time, work from home, to reduce gridlock

By: News24Wire      22nd March 2017 The City of Cape Town will introduce flexi-hours and an option for working from home for some employees to help reduce the city's infamous rush-hour gridlock. The city also wants bosses in private companies to consider doing the same. Something had to give, said Brett Herron, the city's mayoral... 

Namibian President calls for land expropriation

By: Reuters     22nd March 2017 Namibia's president said Tuesday that the government is considering radical land expropriation to spur the transfer of property to the country's black majority. Speaking at Namibia's 27th independence celebrations, President Hage Geingob said the government should evoke part of the Constitution... 

Namibian President calls for land expropriation
Photo by Creative Commons
Namibian President Hage Geingob

World Bank to lend Tanzania $2.4bn over three years for infrastructure projects

By: Reuters     20th March 2017 The World Bank will lend Tanzania $2.4-billion over the next three years to finance infrastructure projects, the bank's president Jim Yong Kim said on Monday. Tanzania is seeking financing for infrastructure projects as part of its plans to transforming the country into a regional transport and... 

UJ, Singapore university strengthen research ties, to improve local maths, science education

By: Anine Kilian     20th March 2017 The Johannesburg Institute for Advanced Study (JIAS), which was established through a partnership with Singapore’s Nanyang Technological University (NTU), has renewed its partnership with the University of Johannesburg (UJ) through the signing of a second memorandum of understanding (MoU) on... 

Sibanye’s Stillwater deal to come under April 25 spotlight

By: Martin Creamer     20th March 2017 The proposed acquisition by Sibanye of Stillwater Mining will come under the spotlight on April 25, when shareholders will be asked to consider resolutions to give effect to the transaction, with or without amendment. The Johannesburg- and New York Stock Exchange-listed Sibanye, headed by CEO... 

Sibanye’s Stillwater deal to come under April 25 spotlight
Sibanye CEO Neal Froneman

Sars systems to be investigated by Tax Ombud

By: Anine Kilian     20th March 2017 The South African Revenue Service (Sars) on Monday confirmed that it has been informed that the Office of the Tax Ombud has been given permission to investigate Sars’s systems. Sars said in a statement on Monday that it fully supported the investigation. “Given the recent narrative about the... 

Municipal entity to manage Cape Town Stadium

By: African News Agency      20th March 2017 The City of Cape Town’s Mayoral Committee approved a recommendation to council on Monday, that a municipal entity be established to manage and operate the Cape Town stadium on behalf of the city. “Our goal is to minimise the financial losses of the Cape Town Stadium and to maximise the potential... 

G20’s Compact with Africa launched with widespread support

By: Natasha Odendaal     20th March 2017 Clear support emerged last week from Group of 20 (G20) members’ Finance Ministers and central bank governors for the broadening of international economic and financial cooperation with African countries to “foster sustainable and inclusive growth” in line with the African Union’s Agenda 2063. At... 

G20’s Compact with Africa launched with widespread support
Photo by Duane Daws
Finance Minister Pravin Gordhan attended the G20 Finance Ministers meeting in Germany last week

Outa calls on Human Rights Commission to investigate drinking water challenges

By: Anine Kilian     20th March 2017 The Organisation Undoing Tax Abuse (Outa) has lodged a complaint with the South African Human Rights Commission, calling for an investigation into maladministration within the Department of Water and Sanitation (DWS), which threatens drinking water supply and quality in South Africa. According to... 

ArcelorMittal consortium submits top bid for Italian steel plant

By: Reuters     20th March 2017 ArcelorMittal, the world's top steelmaker, and Italian processor Marcegaglia have offered €1.6-billion ($1.72-billion) to buy Italy's troubled Ilva steel plant, outbidding a rival consortium, three sources said on Friday. The rival group that includes India's JSW Steel bid €1.2-billion for the... 

Algerian State energy firm Sonatrach replaces CEO

By: Reuters     20th March 2017 Algerian state energy firm Sonatrach has replaced CE Amine Mazouzi after less than two years in the job, naming Abdelmoumen Ould Kadour to replace him, the energy ministry said on Monday. A statement from the ministry gave no reason for the change. Ould Kadour is an engineer who graduated from... 

Sunrise Energy secures two international deals for LPG terminal

By: Creamer Media Reporter      20th March 2017 Sunrise Energy has secured two commercial contracts with international traders and their South African joint venture partners for the sourcing and importation of liquefied petroleum gas (LPG) through its new import and storage facility in the Western Cape. The R1.2-billion open-access Sunrise... 

Majuba coal silo recovery completed

By: Anine Kilian     20th March 2017 The construction of a permanent coal-handling solution for State-owned Eskom’s Majuba power station has been completed, including the rebuilding of Silo 20, the reinforcement of silos 10 and 30, as well as the implementation of a lift shaft, two piers and a coal conveyor system.   “We commend the... 

Majuba coal silo recovery completed
The collapsed Silo 20

South Africa needs a water-conscious, water-smart approach to mitigating looming water deficit 

By: Natasha Odendaal     20th March 2017 A new report ‘Scenarios for the future of water South Africa’ has revealed how the drought-stricken, water-scarce country needs to transition towards a water-conscious, water smart economy with stronger water governance. In the report unpacking various scenarios, the World Wide Fund for Nature... 

JRA to upgrade Roodepoort intersection

By: Anine Kilian     20th March 2017 The Johannesburg Roads Agency (JRA) has embarked on a R4.3-million upgrade of the Jim Fouche road and Wilhelmina avenue intersection in Constantia Kloof, Roodepoort, to ease congestion and improve motorist safety. The project will be completed in September. 

Metrorail cancels trains in Soweto due to protest

By: African News Agency      20th March 2017 Metrorail train services operating in Soweto between New Canada, Dube and Mzimhlophe were on Monday morning suspended Monday morning during peak hours because of a service delivery protest. It was not immediately clear what the protesters were demanding, but the unrest began in the early hours of... 

Climate change could have devastating effect on citrus crops

By: Anine Kilian     17th March 2017 Climate change could have a drastic effect on South Africa’s citrus crops, as pests, such as the Asian citrus psyllid, which causes the citrus greening disease, emerge in Africa. Speaking at the Agricultural Research Symposium 2017 in Centurion, on Friday, Agricultural Research Council (ARC)... 

DBSA secures $100m AFD loan facility to support continental activity

By: Natasha Odendaal     17th March 2017 The Development Bank of Southern Africa (DBSA) has secured a $100-million loan facility from the Agence Française de Développement (AFD), earmarked for energy, water, transport and information and communication technology infrastructure across Africa. The DBSA aims to continue to advance... 

Vedanta already turning Anglo’s discarded zinc assets to account 

By: Martin Creamer     17th March 2017 Diversified mining company Vedanta, which is being associated with the acquisition of 13% of the equity of Anglo American by Volcan Investments because of the link both these entities have with Indian billionaire Anil Agarwal, has done well with the South African assets it acquired from Anglo... 

Flashback video: Vedanta's Zinc International CEO Deshnee Naidoo updates Mining Weekly Online’s Martin Creamer on the Gamsberg zinc project. Video and Video Editing: Nicholas Boyd.

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