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Eskom may re-advertise nuclear notices after noncomplaint E Cape notice

By: Terence Creamer     26th August 2016 State-owned electricity utility Eskom may re-advertise notices relating to its Nuclear Installation Site Licence (NISL) applications for Thyspunt, in the Eastern Cape, and Duynefontyn, in the Western Cape, having acknowledged that a notice published in the Eastern Cape Provincial Gazette on... 

Eskom may re-advertise nuclear notices after noncomplaint E Cape notice

Opinion: Start electricity reform process now before another crisis

     26th August 2016 South Africa has not had load shedding for nearly a year. This is a welcome development after years of power cuts that constrained economic growth. Electricity consumption has more or less flattened out, giving the national utility, Eskom, more space to catch up on maintenance and meet demand.... 

Opinion: Start electricity reform process now before another crisis
Photo by Duane Daws
Anton Eberhard

Opinion: Regulated electricity tariffs put squeeze on municipal finances

     26th August 2016 Annual increases in municipal charges take place in July each year and this week Stats SA’s Consumer Price Index reported that municipal electricity tariffs increased on average by 7.5%. This is slightly less than the 7.6% increase that the National Energy Regulator of South Africa (Nersa) set as... 

Opinion: Regulated electricity tariffs put squeeze on municipal finances

South Africa's credit rating to be cut to junk this year – poll

By: Reuters     26th August 2016 South Africa's credit rating is set to be cut to junk status this year, according to a Reuters poll taken just days after police summoned Finance Minister Pravin Gordhan over an investigation into a suspected rogue unit of the tax service. A police unit known as the Hawks is probing a... 

South Africa's credit rating to be cut to junk this year – poll
Photo by Duane Daws
Finance Minister Pravin Gordhan

ANC denies it benefited from PRASA deal

By: News24Wire      26th August 2016 The African National Congress (ANC) has rejected allegations that the party had been implicated in alleged bribery by a supplier of locomotives to the Passenger Rail Agency of South Africa (PRASA). News24 on Friday morning reported that PRASA chairperson Popo Molefe had filed new court papers in... 

ANC denies it benefited from PRASA deal

SARB says rate hiking cycle not over yet

By: Reuters     26th August 2016 South Africa's rate hiking cycle is not yet over as inflation remained elevated and sharp moves in the rand currency were affecting prices, the central bank's deputy governor Daniel Mminele said on Friday. Mminele said while the bank recognised the rand's recent recovery, it was also aware that... 

More financial access needed for female entrepreneurs – Zulu

By: Anine Kilian     26th August 2016 Regulatory frameworks, red tape and a lack of knowledge and understanding of support programmes are major challenges facing small businesses and cooperatives in South Africa, Small Business Development Minister Lindiwe Zulu said on Friday. She was addressing a delegation of female small business... 

More financial access needed for female entrepreneurs – Zulu
Photo by Duane Daws
Small Business Development Minister Lindiwe Zulu

New tug fleet will enable South African ports to handle larger vessels

By: David Oliveira     26th August 2016 As part of parastatal Transnet’s Market Demand Strategy (MDS), Transnet National Port Authority (TNPA) will spend about R56-billion by 2019 to improve efficiencies of South Africa’s ports, including a R1.4-billion tugboat replacement project. The contract, which was awarded to local shipbuilding... 

New tug fleet will enable South African ports to handle larger vessels

Adcock turns focus from survival to development

By: Natasha Odendaal     26th August 2016 After being in “remedial mode” for the past two years, JSE-listed pharmaceuticals giant Adcock Ingram is eyeing growth and development after generating healthy amounts of cash and accumulating “significant” resources during the year ended June 30. The group, which is progressing the sale of its... 

Adcock turns focus from survival to development

Ascendis completes European acquisitions valued at R7.3bn

By: Megan van Wyngaardt     26th August 2016 Ascendis Health has concluded its acquisitions of Cyprus-based pharmaceutical manufacturer Remedica and European sports nutrition company Scitec for a combined R7.3-billion.   The company on Friday said its fully underwritten rights offer of 54-million shares was three times oversubscribed, with... 

Treasury estimates ETI supported 5% of jobs

By: Megan van Wyngaardt     26th August 2016 Changes in the external environment have made it harder to assess whether Treasury’s Employment Tax Incentive (ETI) has led to the creation of new jobs or prevented a further worsening in youth unemployment, the National Treasury said on Friday. But broadly, it said, the estimates of jobs... 

AB InBev expects to cut 3% of jobs after SABMiller takeover

By: Reuters     26th August 2016 Anheuser-Busch (AB) InBev expects to cut some 3% of its combined workforce after it has acquired rival SABMiller, according to takeover documents published on Friday. That would be some 5 500 jobs, according to a source with information on the offer. 

Telkom doubles reward for capture of saboteurs

By: Natasha Odendaal     26th August 2016 Telecommunications giant Telkom on Friday doubled its reward for information leading to the prosecution of those responsible for malicious damage inflicted on Telkom facilities and its infrastructure over the last few weeks. Telkom is now offering a R1-million incentive to deal with increasingly... 

Telkom doubles reward for capture of saboteurs

Barloworld launches solar energy solution

By: Megan van Wyngaardt     26th August 2016 Global industrial company Barloworld on Friday launched a high-performance photovoltaic (PV) solar energy solution targeted at Southern Africa’s commercial and industrial (C&I) power segment. The Cat Thin Film PV solar energy system, available in sizes ranging from 25 kW to 5 MW, can deliver up... 

Barloworld launches solar energy solution

Eskom exec first African to be elected president of Cigre

     26th August 2016 Eskom master specialist in the technology group Dr Rob Stephen has been elected president of the International Council on Large Electric Systems (Cigre). He is the first African to hold the position of Cigre president, placing him in a favourable position to expand the benefit of the organisation... 

Northam investing R5.5bn in platinum growth projects 

By: Martin Creamer     26th August 2016 Platinum mining company Northam on Friday elaborated on the company’s suite of four growth projects timed to fill a demand gap expected to be created by constrained future South African platinum supply. The Johannesburg Stock Exchange- (JSE-) listed company, headed by CEO Paul Dunne, expects the... 

Northam Platinum CEO Paul Dunne outlines growth projects to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws: Video and Video Editing: Darlene Creamer. 26.08.2016

Tanzania’s rural electrification plan gets $470m boost

By: John Muchira     26th August 2016 Tanzania's plans to increase electricity connections in rural areas have been boosted by a $470-million loan that the East African country has secured from a consortium of development partners. The country has made efforts to tackle abject poverty in rural Tanzania, where electricity access has... 

Volkswagen to spend at least $1.2bn to compensate US dealers – sources

By: Reuters     26th August 2016 Volkswagen has agreed to spend more than $1.2-billion to compensate its 650 US dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday. The company and a lawyer for VW dealers announced a tentative settlement at a court... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      26th August 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

Union takes MTN to court over call centre outsourcing

By: News24Wire      26th August 2016 The Communication Workers Union (CWU) has applied for a court interdict against MTN over the company’s decision to outsource part of its call centre facility. The matter is scheduled to be heard on August 31. MTN earlier said it will adopt a hybrid outsource model which would result in retaining... 

Transport minister denies stopping probe into irregularities at PRASA

By: African News Agency      26th August 2016 Transport Minister Dipuo Peters on Thursday denied that she had stopped a probe into possible corruption involving contracts worth billions of rand at the Passenger Rail Agency of South Africa (PRASA). “It is categorically denied that the Minister at any stage instructed any member of the PRASA... 

Why SA needs to improve job prospects for youth

By: News24Wire      26th August 2016 South Africa won’t realise its demographic benefit if the job prospects for younger working-age people don’t improve, said statistician general Pali Lehohla on Thursday. A demographic dividend occurs when a country is entering a period in which the working age population has a low proportion of... 

Outa slates SAA board member for resigning 

By: Megan van Wyngaardt     25th August 2016 The Organisation Undoing Tax Abuse, or Outa, on Thursday lambasted State-owned enterprise South African Airways’ (SAA’s) Yakhe Kwinana for stepping down from its board. Media reports earlier this week stated that Kwinana was resigning, having said that, “it has come to a stage where I had to... 

Outa slates SAA board member for resigning

Despite commodity slump, M&R bets future on resources

By: Terence Creamer     25th August 2016 Murray & Roberts (M&R) CEO Henry Laas says the decision to sell its infrastructure and building unit, as well as Genrec, to create a multinational project company focused on oil and gas, underground mining, as well as power and water has created an entity that no longer fits neatly within the... 

Despite commodity slump, M&R bets future on resources
Photo by Duane Daws
Murray & Roberts CEO Henry Laas

Deteriorating global supply chain market faces increasing obtacles

By: Natasha Odendaal     25th August 2016 The latest data from the Chartered Institute of Procurement and Supply (CIPS), released on Thursday, reveals escalating operational risk, both globally and in sub-Saharan Africa, owing to the prolonged slump in global commodity prices and the slowdown in emerging markets. The CIPS risk index... 

Safety dominates Sibanye results presentation as 125% profit surge takes back seat 

By: Martin Creamer     25th August 2016 Top performing precious-metals mining company Sibanye Gold, dismayed by an uncharacteristic spate of mineworker fatalities, began its presentation of high-cash results for the half-year with a safety moment as a mark of its determination to up its safety performance. The 125% surge in profits in... 

Sibanye Gold presentation attended by Mining Weekly Online’s Martin Creamer. Photographs, Video and Video Editing: Darlene Creamer

Sasol awards SNC-Lavalin five-year contract

By: Anine Kilian     25th August 2016 Engineering and construction group SNC-Lavalin has been awarded a mechanical engineering-led framework agreement and associated project management services contract by petrochemicals group Sasol, in support of the general maintenance projects at its sub-Saharan Africa sites.   The five-year... 

Industry backlash continues against Hawks’ action against Gordhan

By: Anine Kilian     25th August 2016 The market received a wake-up call on Wednesday with news that Finance Minister Pravin Gordhan had been summoned by the Hawks to receive draft charges around the issue of the so-called rogue spy unit at the South African Revenue Service (Sars) when he was Commissioner, global research group... 

Bombardier opens new propulsion equipment production site in Isando 

By: Megan van Wyngaardt     25th August 2016 Rail technology provider Bombardier Transportation on Thursday inaugurated a new 6 000 m2 production site and headquarters in Isando. The facility will produce Bombardier Mitrac high-power propulsion equipment for use in the Transnet locomotives project, for which Bombardier is delivering 240... 

Bombardier has opened a new propulsion equipment manufacturing facility in Isando. Video and editing: Nicholas Boyd.

Water restrictions loom with Vaal Dam levels critical

By: News24Wire      25th August 2016 Gauteng, Mpumalanga and the North West could face water restrictions, with dam levels currently critical, the Water and Sanitation Department said on Thursday. Although water restrictions had so far been avoided, metros were looking at how they could be implemented successfully, spokesperson... 

Water restrictions loom with Vaal Dam levels critical

SA population balloons to 55.91m

By: News24Wire      25th August 2016 South Africa’s population is estimated to be 55.91-million of which 51% are female, according to Statistics South Africa’s mid-year calculations. Announcing the figures at a media conference in Pretoria on Thursday, statistician general Pali Lehohla said migration is an important demographic... 

SA population balloons to 55.91m

Broadband Infraco shows signs of improvement

By: Natasha Odendaal     25th August 2016 With revenue having reached record levels and losses narrowing significantly during the year to March 31, State-owned entity Broadband Infraco has turned earnings before interest, taxes, depreciation and amortisation- (Ebitda-) positive for the first time. This is in line with promises made by... 

Grindrod records R1.1bn loss, ready to develop Coega liquid-bulk terminal

By: Irma Venter     25th August 2016 A depressed commodities market continued to take its toll on shipping and logistics group Grindrod in the six months ended June 30. Grindrod on Thursday reported a drop in revenue to R11-billion in its management income statement – which included the company’s share in joint ventures – compared... 

Grindrod records R1.1bn loss, ready to develop Coega liquid-bulk terminal

Release coal docs at your own peril, Guptas warn Treasury

By: News24Wire      25th August 2016 Four days before the Guptas’ business chiefs ambushed Finance Minister Pravin Gordhan on a radio station, their company Tegeta threatened Treasury over a report into coal contracts with Eskom. The threat occurred when Democratic Alliance MP David Maynier submitted a request under the Promotion of... 

Ex-Sars duo mum on Hawks experience

By: African News Agency      25th August 2016 After spending more than four hours in Pretoria central offices of the Directorate for Priority Crime Investigation (DPCI), better known as the Hawks, former SA Revenue Services officials Ivan Pillay and Johann van Loggerenberg evaded a barrage of questions from throngs of media waiting outside.... 

Ex-Sars duo mum on Hawks experience

Twinsaver investing R580m in new equipment

     25th August 2016 Branded tissue products manufacturer Twinsaver has committed R580-million to the installation of new production equipment at its Bellville and Kliprivier operations. It has already completed the installation of an R80-million two-ply converting line at its Bellville factory, in the Western Cape,... 

Twinsaver investing R580m in new equipment

Nersa confirms appeal of court’s RCA judgment

By: Terence Creamer     25th August 2016 The National Energy Regulator of South Africa (Nersa) confirmed on Thursday that it would appeal the August 16 North Gauteng High Court judgment setting aside its approval of Eskom’s third multiyear price determination (MYPD3) Regulatory Clearing Account (RCA) adjustment for the 2013/14 financial... 

Nersa confirms appeal of court’s RCA judgment

South African presidency defends new team to oversee SOEs

By: Reuters     25th August 2016 South Africa's presidency on Thursday defended plans to give President Jacob Zuma supervision over State-owned companies after allies of under-fire Finance Minister Pravin Gordhan said it was a tool to limit his control. Cabinet announced on Monday that a new committee on state-owned enterprises... 

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