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Rockefeller foundation backs African renewables platform

By: Terence Creamer     Updated 5 hours ago Private grantmaking foundation the Rockefeller Brothers Fund is participating in a $117.5-million investment in the Lekela Power Platform, which aims to build over 1.3 GW of wind and solar plants in Africa by 2018. The fund, created in 1940 by the sons of US oil industry pioneer John D... 

Rockefeller foundation backs African renewables platform
Mainstream Renewable Power CEO Eddie O’Connor

Unemployment rate remains virtually unchanged at 26.6% in Q2 – Stats SA

By: Anine Kilian     Updated 58 minutes ago South Africa’s unemployment rate fell by 0.1 of a percentage point to 26.6% in the second quarter, Statistics South Africa’s (Stats SA’s) latest Quarterly Labour Force Survey (QLFS) shows. In total, 129 000 jobs were lost quarter-on-quarter, with both the formal and informal nonagricultural... 

Cape Town’s Iziko Planetarium set for major digital upgrade

By: Kim Cloete     Updated 6 hours ago Cape Town’s much-loved Iziko Planetarium will undergo a thorough R27-million digital upgrade, culminating in a state-of-the-art digital full dome immersive theatre facility by early 2017. In tune with the digital revolution, the Iziko Planetarium will migrate from analogue to full dome digital... 

Cape Town’s Iziko Planetarium set for major digital upgrade

Local hotel tourism rakes in R14.2bn, despite visa gripes 

By: Megan van Wyngaardt     Updated 1 hour 19 minutes ago Despite uncertainty in the domestic tourism industry, owing to the revised visa regulations and a weak global economy, South Africa can still expect healthy growth over the next five years, PwC’s Hotels Outlook 2016 – 2020 reveals. Almost 2 600 rooms will be added to the South African hotel... 

PwC Southern Africa hospitality and gambling industry leader Pietro Calicchio tell Engineering News about the hotel tourism industry. Video and editing: Nicholas Boyd.

South Africa's largest oil refinery operating, no strike impact

By: Reuters     Updated 3 hours ago South Africa's largest oil refinery, jointly operated by Shell and BP, has not shut down due to a workers' strike over wages, a spokeswoman said on Thursday, contradicting an earlier union claim. "The plant has not stopped production and we have measures in place to ensure continued safe... 

Denel wins Gupta capture court challenge

By: African News Agency      28th July 2016 Denel on Wednesday said it felt vindicated from allegations of being co-opted by the Gupta family after the North Gauteng High Court in Pretoria dismissed an urgent business rescue application made by LMT Holdings against the state-owned defence conglomerate. The application for business rescue... 

MTN prepares for Nigeria listing

By: Natasha Odendaal     Updated 22 minutes ago JSE-listed MTN Group is targeting a 2017 Nigeria bourse listing for its Nigeria-based operations – a move that will be reliant on suitable market conditions. The group is set to embark on preparations for the NSE listing “as commercially and legally as possible”, with a management task team... 

Eni, Saipem to be tried in Algeria corruption case

By: Reuters     28th July 2016 Italian oil major Eni, oil services group Saipem and former Eni CEO Paolo Scaroni have been ordered by an Italian judge to stand trial in an Algerian corruption case. The long-running case revolves around allegations Saipem paid intermediaries around 198-million euros ($218-million) to bag... 

New positive wind blowing through South African mining – Sibanye

     Updated 3 hours ago A new positive wind is blowing through South African mining with government and industry engagement taking a turn for the better, Sibanye CEO Neal Froneman said on Thursday. Updating visiting mining analysts and journalists on strategy during the first of two investor days, Froneman remarked... 

New positive wind blowing through South African mining – Sibanye
Photo by Duane Daws
Sibanye CEO Neal Froneman

StatsSA boss slams UN invoice-fraud report

By: News24Wire      Updated 44 minutes ago Statistician-general Pali Lehohla disputed the accuracy of a United Nations report on invoice fraud, which states that there had been gross discrepancies in South Africa’s records of gold exports and that of its trading partners. The United Nations Conference on Trade and Development (Unctad)... 

Construction sector launches revised sector code

By: David Oliveira     Updated 29 minutes ago The Construction Sector Charter Council (CSCC) on Thursday launched the revised draft Construction Sector Code (CSC), which is aimed at aligning the unique aspects of the sector with the black economic-empowerment and transformation targets set out by the Department of Trade and Industry (DTI).... 

Molewa launches R30m Gauteng Youth Jobs in Waste Programme

By: Anine Kilian     Updated 33 minutes ago Environmental Affairs Minister Edna Molewa launched the R30-million Gauteng Youth Jobs in Waste Programme in Mohlakeng, Randfontein, on Thursday.   This is in line with the Minister’s commitment to launching projects that will contribute to overcoming the country’s waste challenge, as well as... 

South Africa a leader in aviation security

By: Keith Campbell     Updated 3 hours ago South Africa is one of the leading countries in the world in implementing the latest commercial aviation security systems. This was pointed out on Tuesday by International Air Transport Association (Iata) head of facilitation Bob Davidson. The systems concerned are Advanced Passenger Information... 

South Africa a leader in aviation security
Photo by Duane Daws/Creamer Media
Departure concourse, OR Tambo International Airport, Johannesburg

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      28th July 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

South African inspection robot attracting international interest 

     Updated 4 hours ago Johannesburg company Ryonic Industries is receiving both national and international interest in its newly developed pipeline inspection robot.  

South African inspection robot attracting international interest

South Africa struggling to manage the water crisis – Turton

By: Anine Kilian     27th July 2016 Albeit a water-strained country, South Africa has one of the most diverse economies in the world for the ecosystem in which it is embedded, according to University of the Free State professor and water expert Dr Anthony Turton. Speaking at the ninth yearly Green Building Conference in Sandton,... 

South Africa struggling to manage the water crisis – Turton

Energy Minister cracks down on CEF governance

By: Megan van Wyngaardt     27th July 2016 The Central Energy Fund (CEF) board will review its governance processes, as well as its turnaround strategies for the subsidiaries in the group, after Energy Minister Tina Joemat-Pettersson raised concerns around the recent lapses in governance in the group. At a meeting held earlier this month... 

Green buildings can reduce climate change – WGBC

By: Anine Kilian     27th July 2016 There is a direct correlation between climate change and nongreen buildings, with 98% of the world’s megacities already experiencing climate risks, World Green Building Council (WGBC) CEO Terri Willis said on Wednesday. Addressing an audience at the country’s ninth yearly Green Building... 

Necsa, unions reach wage agreement

By: Megan van Wyngaardt     27th July 2016 The South African Nuclear Energy Corporation (Necsa) and labour unions have reached a wage agreement, following months of negotiation. The parties agreed that, effective July 1, employees earning less than R600 000 a year, would receive a 7% increase, as well as a R5 000 one-off payment, while... 

South Africa ranks moderately on food security index

By: Megan van Wyngaardt     27th July 2016 South Africa is ranked at 47 out of the 113 countries in this year’s Global Food Security Index (GFSI), reflecting a one-position decline from 2015, but an overall 0.6 point score increase. The country ranked first among its sub-Saharan African peers and landed in the top ten of... 

South Africa ranks moderately on food security index

PIC in talks with SABMiller over improved offer by AB Inbev

By: Reuters     27th July 2016 South Africa's Public Investment Corporation (PIC) is in talks with SABMiller over an improved offer from Anheuser-Busch Inbev, the state pension fund said on Wednesday. "We are in discussions with SABMiller on the offer price and would not like to make our view public at this point in time," PIC... 

WGBC, partners to improve energy efficiency of cities

By: Anine Kilian     27th July 2016 The World Green Building Council (WGBC), along with the World Resources Institute-led Building Efficiency Accelerator (BEA), on Wednesday announced a new partnership to dramatically ramp up energy efficiency within buildings across the world, starting with the city of Tshwane, in Gauteng.... 

Eskom hints at earlier Ingula completion as it marks start-up of first unit

By: Terence Creamer     27th July 2016 With the first 333 MW unit, Unit 4, of Eskom’s Ingula pumped-storage scheme officially in commercial operation, the State-owned utility has expressed optimism that the full 1 332 MW, four-unit peaking plant will be completed ahead of its official timeline of July next year. Unit 4 was officially... 

Eskom hints at earlier Ingula completion as it marks start-up of first unit
Photo by Duane Daws
A reflecion of an Eskom employee in the control room window looking out on to the Ingula access tunnel

South Africa will avoid recession this year – SARB

By: Reuters     27th July 2016 South Africa will avoid a recession this year with a recovery in areas like mining and manufacturing likely to lift growth in the last three quarters, the central bank said on Wednesday. Growth in continent's most industrialised economy contracted 1.2 percent in the first quarter as the mining,... 

South Africa will avoid recession this year – SARB

Size of vehicle and asset loans shrinking, suggests Compuscan

By: Irma Venter     27th July 2016 There has been a 29% decrease in the number of vehicle and asset finance (VAF) accounts between the value of R400 001 and R999 999 recorded in the first quarter of 2016, compared with the last quarter of 2015, reports credit bureau Compuscan. Compuscan says this trend suggests that credit... 

Size of vehicle and asset loans shrinking, suggests Compuscan

CFOs concerned for 2016, more optimism expected next year

By: Natasha Odendaal     27th July 2016 There is less optimism across Africa around the performance of companies, with currency volatility and political uncertainty topping the list of concerns for 2016. Deloitte’s ninth edition of the CFO Survey shows CFOs across the continent adopting “defensive strategies” with most focused on... 

CFOs concerned for 2016, more optimism expected next year
Photo by Duane Daws
Deloitte Emerging Markets and Africa MD Dr Martyn Davies

Eskom’s letter causes uncertainty for IPPs 

     27th July 2016 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the fallout of Eskom’s indications that it will not sign further contracts with independent power producers until it has had further consultations with the Energy Minister. 

Eskom’s letter causes uncertainty for IPPs

Dinosaur fossil found in South Africa finally gives up its secrets

By: News24Wire      27th July 2016 A remarkable dinosaur fossil discovery made by a South African palaeontologist in 2005 has finally revealed its secrets. The fossil, the most complete ever found of a species known as Heterodontosaurus tucki, was recently scanned at the European Synchrotron Radiation Facility (ESRF) in Grenoble,... 

Strike could hit South African oil refineries – union

By: Reuters     27th July 2016 South African energy workers plan to strike from Thursday over wages, potentially affecting crude oil refineries and fuel depots, the Chemical, Energy, Paper, Printing, Wood and Allied Workers Union (CEPPWAWU) said on Wednesday. Around 23 000 workers in the petrochemical and pharmaceutical... 

A minimum wage is one thing; a living wage is another

By: African News Agency      27th July 2016 The debate around a minimum wage tends to get bogged down in headline-grabbing arguments over the gulf between executive and workers pay when a more meaningful discussion might be about another gap, that between a minimum wage and what a worker needs to earn to access a decent life. Martin... 

South African to chair international maths commission

By: Megan van Wyngaardt     26th July 2016 The International Commission on Mathematical Instruction (ICMI) has appointed local mathematics educator and University of Witwatersrand (Wits) Professor Jill Adler as its president. She is the first African to lead the ICMI and will serve in this position until 2020. She succeeds Ferdinando... 

Supply, demand fundamentals remain challenging – Kumba Iron Ore 

By: Martin Creamer     26th July 2016 While iron-ore prices seem to have stabilised, supply and demand fundamentals remain challenging, outgoing Kumba Iron Ore CEO Norman Mbazima said on Tuesday. Speaking at the Anglo American group company's presentation of interim results for the six months to June 30, Mbazima said that the global... 

Outgoing Kumba Iron Ore CEO Norman Mbazima outlines the current state of the company to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Necsa, unions still in wage negotiations

By: Megan van Wyngaardt     26th July 2016 The South African Nuclear Energy Corporation (Necsa) on Tuesday said it was still engaging with the National Education, Health and Allied Workers' Union and Pelindaba Workers Unions on salary increases and conditions of service. Negotiations started in May, with the unions submitting 11 demands.... 

Fitch aligns South Africa’s local currency rating to its foreign currency rating

By: Megan van Wyngaardt     26th July 2016 International ratings agency Fitch Ratings has aligned South Africa’s long-term local currency rating to the long-term foreign currency rating at ‘BBB-’ with a stable outlook. This followed a recent update to Fitch’s Sovereign Rating Criteria, which is the methodology it uses to rate all... 

Mobile ecosystem adds $150bn to Africa’s economy 

By: Natasha Odendaal     26th July 2016 The mobile ecosystem is now adding in excess of $150-billion – 6.7% of gross domestic product (GDP) – to Africa’s economy, as mobile subscribers pass the 500-million mark and new opportunities for consumers, businesses and governments are unlocked, a new GSMA study shows. The Mobile Economy:... 

Mobile ecosystem adds $150bn to Africa’s economy

Public sector capex tops R1tn in five years

By: News24Wire      26th July 2016 The public sector’s capital expenditure increased by R14-billion to R272-billion in 2015 alone, according to a report released by Statistics SA on Tuesday. Capital expenditure refers to money spent on the purchasing or improvement of land, buildings, engineering structures, machinery and equipment. 

Customer care now as critical as mobile operator network quality – survey 

By: Natasha Odendaal     26th July 2016 Mobile customer care is now just as important as network quality to consumers as a deciding factor in choosing and staying with a mobile operator, a new report by Nokia has found. Nokia's tenth ‘Acquisition and Retention Study’, which highlights current consumer trends for mobile operators,... 

SAA requires a whole new board – Gordhan

By: News24Wire      26th July 2016 Finance Minister Pravin Gordhan said South African Airways (SAA) requires a whole new board on Tuesday. Speaking at the EY and Johannesburg Chamber of Commerce and Industry (JCCI) business breakfast in Sandton on Tuesday, Gordhan said SAA needs an an experienced management team. 

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