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New-vehicle sales down 10.4% in the first half of 2016

By: Irma Venter     Updated 4 hours ago Statistics released by the Department of Trade and Industry on Friday revealed that South Africa’s new car market was down 10.4% for the first half of the year compared with the first six months of 2015. Light commercial vehicle (LCV) sales had declined by 8.9% in the first half of 2016, while... 

New-vehicle sales down 10.4% in the first half of 2016

Barclays PMI rises to 53.7 in June

By: Anine Kilian     Updated 5 hours ago The seasonally adjusted Barclays Purchasing Managers’ Index (PMI) rose to 53.7 points in June, the fourth consecutive month above the neutral 50-point mark and up from the 51.9 points recorded in May. Barclays noted that this was an encouraging sign that conditions in the factory sector  may be... 

Sasol mulling bid for Chevron's South African assets

By: Reuters     Updated 4 hours ago Petrochemicals firm Sasol said on Friday it was considering buying a majority stake in Chevron's South African assets, including a 110 000 bbl/d oil refinery and retail stations. Chevron, which has had a presence in South Africa for more than a century, said in January it would sell its 75% stake... 

DoT CFO joins PRASA as acting group CEO

By: Natasha Odendaal     Updated 3 hours ago The Department of Transport (DoT) has welcomed the appointment of Collins Letsoalo as acting group CEO of the Passenger Rail Agency of South Africa (PRASA), effective immediately. Letsoalo was moving from his position as CFO at the DoT, assuming the role until PRASA’s board resolved several... 

South Africa's credit rating key to stabilising inflation – SARB deputy governor

By: Reuters     1st July 2016 South Africa's ability to maintain its investment-grade credit rating is key to stabilising inflation expectations, Deputy South African Reserve Bank (SARB) Governor Francois Groepe said on Thursday. The SARB has hiked the key benchmark rate - now standing at 7% - by a cumulative 200 basis points... 

South Africa's credit rating key to stabilising inflation – SARB deputy governor

Hudaco keeps eye on acquisition opportunities as it diversifies

By: Natasha Odendaal     Updated 4 hours ago As JSE-listed Hudaco Industries continues diversifying into markets with stronger growth potential, acquisitions remain on the cards as the company feels the pinch of a stalled economy. Businesses in the automotive, food and beverage and communication sectors were of particular interest to... 

South Africa takes steps to nurture nascent biomanufacturing industry

By: David Oliveira     1st July 2016 The Council for Scientific and Industrial Research’s (CSIR’s) Biomanufacturing Industry Development Centre (BIDC), a biomanufacturing innovation hub aimed at supporting small, medium-sized and micro- enterprises (SMMEs) in entering the local bio- industry, will have provided about R50-million... 

South Africa takes steps to nurture nascent biomanufacturing industry

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

By: Mia Breytenbach     1st July 2016 Advances in energy-storage technology and rising demand for batteries from the global electric vehicle (EV) market are driving the need for technology minerals – such as lithium and graphite – which are increasingly used in lithium-ion batteries. The sectors mining these industries are “young and... 

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

WorleyParsons dismisses reports of ties with Rosatom

By: Anine Kilian     Updated 4 hours ago Consultancy firm WorleyParsons has dismissed media reports that suggest it has a close working relationship with Russian nuclear firm Rosatom and the Russian government. The Business Day earlier this week reported that WorleyParsons, which has been appointed as an adviser to the South African... 

Grayston Drive bridge collapse inquiry to resume

By: African News Agency      Updated 7 hours ago The on and off inquiry into the Grayston Drive pedestrian and cyclist bridge that collapsed and killed two people and injured 19 others last year is set to resume, the Department of Labour said on Friday. The inquiry, which was set up after the 14 October 2015 collapse of the temporary bridge... 

Grayston Drive bridge collapse inquiry to resume

Sapvia, German solar association formalise PV cooperation

By: Creamer Media Reporter      1st July 2016 The South African Photovoltaic Industry Association (Sapvia) and German solar association Bundesverband Solarwirtschaft (BSW-Solar) have teamed up to support the development of the nascent rooftop photovoltaic (PV) market segment in South Africa. The agreement, formally signed in Munich, would... 

Sapvia, German solar association formalise PV cooperation

UJ appoints professor to lead research in ‘green’ economy

By: Anine Kilian     Updated 5 hours ago Engineer and specialist consultant Dr Pat Naidoo will, from July 1, join the University of Johannesburg (UJ) as Professor of Research and City of Johannesburg chair in green economy and innovation. “The key areas that I will focus on include the engineering and development of microgrids to... 

UJ’s Bheki Twala wins prestigious research award

By: Anine Kilian     Updated 3 hours ago University of Johannesburg (UJ) Professor Bheki Twala has received the yearly TW Kambule-NSTF award for his work in building on diverse expertise in making decisions given incomplete information. The award also recognized his work in using artificial intelligence (AI) techniques for predicting... 

Trevor Manuel, Max du Preez honoured with doctorates by UFS

By: News24Wire      1st July 2016 Former Minister of Finance Trevor Manuel and renowned author and News24 columnist Max du Preez were on Thursday awarded honorary doctorates by the University of Free State. The two donned their red gowns and walked onto stage to receive their doctorates. 

Trevor Manuel, Max du Preez honoured with doctorates by UFS
Photo by Duane Daws
Former Finance Minister Trevor Manuel

Private sector rail entry in Italy sees jump in rail market share

By: Irma Venter     1st July 2016 Airlines in Italy have received some surprise competition from high-speed rail links over the last four years, says TRA Consulting CEO and NTV studies office head Professor Andrea Giuricin. NTV operates the Italotreno nonstop service between Milan and Rome, in competition with State operator... 

Private sector rail entry in Italy sees jump in rail market share

BHP fighting rollercoaster legal battle over Brazil dam collapse

By: Martin Creamer     Updated 7 hours ago Claims and appeals in Brazil's unpredictable legal environment are obscuring the potential size of BHP Billiton's burst-dam compensation payout, which is oscillating between a hoped-for $2.3-billion, the sudden return of a suspended $6.2-billion and the refusal to go away of a $58-billion claim.... 

BHP fighting rollercoaster legal battle over Brazil dam collapse
BHP Billiton CEO Andrew Mackenzie

Barclays Africa Group taps former Tiger Brands boss as deputy CEO

By: Reuters     Updated 7 hours ago South Africa's Barclays Africa Group has appointed former Tiger Brands CEO Peter Matlare as its deputy chief executive, the bank said on Friday. Matlare, who spent seven years at the helm of the country's biggest consumer goods manufacturer until December last year, will have responsibility for... 

Barclays Africa Group taps former Tiger Brands boss as deputy CEO
Former Tiger Brands CEO Peter Matlare

Rwanda harnesses lake 'demons' to power the economy

By: Reuters     Updated 5 hours ago Rwandans blame the "demons" of Lake Kivu for the deaths of fisherman and others who have occasionally disappeared on one of Africa's great expanses of water in the heart of the continent. Now Rwanda is turning the methane gas which can bubble up from the lake bed, sometimes with fatal... 

Hudaco posts lower H1 earnings

By: Creamer Media Reporter      1st July 2016 JSE-listed Hudaco Industries on Friday posted a dip in half-year earnings as it battled an “exceedingly difficult” economic environment. The group’s basic and headline earnings a share decreased by 13.9% to 472c for the six months ended May 31, 2016. 

M&A activity under threat from Brexit fallout

By: Anine Kilian     30th June 2016 The shockwaves that have rippled through global markets following the UK’s decision to exit the European Union are likely to contaminate corporate activity which, in 2015, had amounted to more than $3.8-trillion globally, according to business advisory firm Grant Thornton.   Even the prospect of... 

New policymaker booklet to be introduced next week

By: Creamer Media Reporter      30th June 2016 A new policymakers advisory booklet on climate change adaptation and resilience in Africa will be launched at an upcoming communication event in Mauritius next week. The Academy of Science of South Africa (ASSAf), the Mauritius Academy of Science and Technology and the German National Academy of... 

New policymaker booklet to be introduced next week

Métier reports lower margins, higher revenue  

By: Anine Kilian     30th June 2016 JSE-listed Sephaku Holdings’ mixed concrete subsidiary Métier increased its revenue 13% to R874-million in the year to March 31, but subdued demand from the construction industry resulted in prices remaining flat year-on-year, resulting in Métier having to prioritise cost management and the... 

Eskom in surprise termination of Duvha contract talks

By: Terence Creamer     30th June 2016 State-owned electricity utility Eskom reported on Thursday that it had terminated contract negotiations for the rebuild portion of the Duvha Unit 3 boiler recovery project after the “supplier was unable to meet the conditions precedent to enable agreement on the contract”. Eskom did not name the... 

Eskom in surprise termination of Duvha contract talks

Ansys concludes acquisition integration, on path for growth

By: Natasha Odendaal     30th June 2016 AltX-listed technology group Ansys has completed its intensive acquisitive and consolidation phase to integrate and extend its offerings to its four target sectors, leading to positive results for the 13 months to March 31 and setting the group on a path of good organic growth during the current... 

Ansys concludes acquisition integration, on path for growth
Ansys CEO Teddy Daka

enX, Eqstra sign R7.8bn deal to create ‘industrial powerhouse’

By: Creamer Media Reporter      30th June 2016 JSE-listed industrial energy group enX will acquire two of JSE-listed industrial and capital equipment group Eqstra’s divisions and recapitalise Eqstra’s contract mining division in a R7.8-billion deal. enX would issue 52.7-million of its shares (consideration shares), at R21 apiece, to Eqstra... 

enX, Eqstra sign R7.8bn deal to create ‘industrial powerhouse’
enX CEO Paul Mansour

Ethiopia receives the first Airbus A350XWB in Africa

By: African News Agency      30th June 2016 Ethiopian airlines this week took delivery of the first Airbus A350XWB in the French aeronautics city of Toulouse, becoming the first African carrier to own the new-generation wide-body aircraft and the first airliner in the world to fly the airplane with the capacity of carrying 343 passengers... 

S African taxi associations brand Uber as a 'swine flu'

By: African News Agency      30th June 2016 The regulation and legalisation of Uber drivers in the country took centre stage at a taxi indaba in Johannesburg on Thursday as the South African taxi associations described the app-based service as a "swine flu". The South African National Taxi Council (Santaco) and the National Taxi Alliance... 

Unitrans’s Megabus procures first Scania Euro 6, CNG buses, Tetra 4 to supply local gas 

     30th June 2016 Unitrans’s subsidiary Megabus has procured ten Scania, 280 horsepower, 100% compressed natural gas buses. Megabus will trial these buses for the next five years at its Free State operations. Mia Breytenbach tells us more. 

Don't let gold’s Brexit rally go to waste – Dixon

By: Martin Creamer     30th June 2016 As Britain’s decision to leave the European Union gives an extra boost to the gold price’s strong showing this year, the real question is how to use the much-needed financial respite to make South African mines more sustainable.   The danger, according to SRK Consulting corporate consultant Roger... 

Don't let gold’s Brexit rally go to waste – Dixon
SRK Consulting corporate consultant Roger Dixon

Government part of the dysfunction in the taxi industry, says Gauteng Premier Makhura

By: African News Agency      30th June 2016 Gauteng Premier David Makhura said government had a hand in the dysfunction of the local taxi industry. On Thursday, during the Ntirhisano Provincial Taxi Indaba held at the Standard Bank Arena in Johannesburg, Makhura said he was aware of the corruption by government officials who themselves... 

DoE ‘disturbed’ by SFF's disregard for governance processes in Chevron bid

By: Terence Creamer     30th June 2016 Department of Energy (DoE) director-general Thabane Zulu has slammed the announcement by the Strategic Fuel Fund (SFF) of its intention to bid for Chevron’s South African assets, saying the government is “disturbed at the complete disregard for governance processes by the entity in question”. On... 

DoE ‘disturbed’ by SFF's disregard for governance processes in Chevron bid

Intra-African trade costs highest of all developing regions

By: Irma Venter     30th June 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Intra-African trade costs highest of all developing regions

GE, Transnet explore use of digital technologies to boost locomotive performance

By: Terence Creamer     30th June 2016 Technology multinational GE reports that it is working with South Africa’s Transnet on ways to integrate its digital solutions into the locomotives it has already supplied, and is in the process of supplying, to the State-owned freight logistics group. The two companies are using GE’s newly... 

GE, Transnet explore use of digital technologies to boost locomotive performance
Photo by Duane Daws
GE South Africa CEO Thomas Konditi

South African regulator clears AB InBev, SABMiller merger with conditions

By: Reuters     30th June 2016 South Africa cleared Anheuser-Busch Inbev's $100-billion-plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months. The Competition Tribunal, which gives the final word on mergers in Africa's most industrialised... 

South African regulator clears AB InBev, SABMiller merger with conditions

Makhura eyes Gauteng as heart of South Africa’s industrial revival

By: Natasha Odendaal     30th June 2016 Gauteng, and more specifically the City of Ekurhuleni, should be used as a base for South Africa’s reindustrialisation programmes and drive the unfolding fourth industrial revolution, Premier David Makhura has said. Ekurhuleni, South Africa’s oldest industrialised region, remained the... 

Makhura eyes Gauteng as heart of South Africa’s industrial revival
Photo by Duane Daws
Gauteng Premier David Makhura

Transnet pares back its capital investment plan 

     30th June 2016 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Transnet’s slowing capital investment and the impact of this on the economy. 

Plans for municipal entity to run Durban’s troubled bus service put on hold

By: African News Agency      30th June 2016 The establishment of a new entity to run Durban’s troubled municipal bus service will not take place at the start of July as had been promised. A statement released by the eThekwini Metro Municipality on Wednesday said plans to establish a municipal bus service had been placed on hold. 

How Brexit could be a boost for SA trade

By: News24Wire      30th June 2016 A worst case scenario for the United Kingdom (UK) could be a boost for South African trade between the UK and the European Union (EU), a trade consultant and economist said on Wednesday. This follows a referendum, where the UK voted to leave the European Union last Thursday. 

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Métier reports lower margins, higher revenue

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Transnet pares back its capital investment plan

TNPA luring private oil-services investors to Saldanha using ‘flexible’ terminal concessions

TNPA to add container capacity at Durban harbour as it puts dig-out port on hold

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