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Rehabilitation work begins to prepare Highveld structural mill for restart

By: Terence Creamer     23rd January 2017 Rehabilitation work at Highveld Steel’s heavy structural mill, located at the mothballed steel plant’s expansive site in Mpumalanga, is under way to prepare the facility for recommissioning, following the conclusion of a supply and marketing deal with ArcelorMittal South Africa (AMSA) in... 

Rehabilitation work begins to prepare Highveld structural mill for restart

Hulamin's shares rise on higher earnings expecations

By: Natasha Odendaal     23rd January 2017 JSE-listed Hulamin's shares rose by 11.68% on Monday morning after the company announced it expects a triple-digit surge in earnings for the year ended December 31, as a strong manufacturing performance delivered record sales volumes. Headline earnings a share for the 2016 financial year are... 

Western Cape’s dam water levels continue to decline

By: Natasha Odendaal     Updated 3 hours ago The Western Cape’s average overall dam level has dipped below 40% and is continuing its rapid decline despite efforts to reduce water consumption. While not yet at a “crisis level”, Western Cape Local Government, Environmental Affairs and Development Planning Minister Anton Bredell on Monday said... 

Western Cape’s dam water levels continue to decline

AB InBev offers voluntary severance in South Africa – newspaper

By: Reuters     23rd January 2017 Anheuser-Busch (AB) InBev, the world's largest brewer, has offered more than 1 000 employees in South Africa voluntary severance following its merger with SABMiller, the Business Day newspaper reported on Monday, citing an internal memo. AB InBev bought nearest rival SABMiller for £79-billion... 

Former Sars spokesperson 'kept in the dark on rogue unit'

By: News24Wire      Updated 2 hours 29 minutes ago Former Sars spokesperson Adrian Lackay claims he was "kept in the dark" when the report probing the so-called rogue unit was handed to commissioner Tom Moyane. Lackay is testifying at a Commission for Conciliation Mediation and Arbitration (CCMA) hearing and his legal team has hinted that his... 

Infrastructure gap in Africa ‘is not just about funding’

By: African News Agency      Updated 4 hours ago Lack of infrastructure is frequently cited as being among Africa’s biggest problems and it is often blamed on lack of funding. Another point of view (and one that comes with a plan on how to tackle it) is that raising more funding is less of a problem than making existing funding work. Ravi... 

Infrastructure gap in Africa ‘is not just about funding’

Mercedes-Benz invests in automated delivery robots

By: Irma Venter     Updated 3 hours ago Mercedes-Benz Vans (MB Vans) has expanded its goal of automated driving to also include automated delivery. The German manufacturer has announced that it is now the lead investor in Starship Technologies, a start-up company for the development of ground-based, autonomous delivery robots. 

Mercedes-Benz invests in automated delivery robots
The van-robot mothership concept was unveiled last year

Gold and diamonds for most expensive Rolls-Royce Phantoms ever built

By: Irma Venter     Updated 5 hours ago Two ‘gold’ Rolls-Royce Phantoms are set to join a fleet of 30 Phantoms soon to operate at Chinese billionaire Stephen Hung’s The 13 ultra-luxury hotel development in Macau, southern China. THE 13’s fleet of Phantoms, valued at R236-million when placed in 2014, represents the single largest order... 

 Gold and diamonds for most expensive Rolls-Royce Phantoms ever built
The fleet of 30 vehicles on their way to Macau

Fly Blue Crane business rescue practitioner confident of success

By: African News Agency      23rd January 2017 The business rescue practitioner overseeing Fly Blue Crane’s re-engineering process Etienne Naude says he is confident that the airline will overcome its current problems and go on to prosper. He has also been encouraged by the high morale, determination, and focus of both the management team and... 

Interwaste FD resigns

By: Anine Kilian     Updated 3 hours ago Andre Broodryk has resigned as FD of JSE-listed Interwaste. Group financial manager Andries Cronje has been appointed acting FD.   

Atterbury Property Fund appoints new chairperson

By: Natasha Odendaal     Updated 6 hours ago Property developers Atterbury group’s newly launched real estate holding fund Atterbury Property Fund has appointed Allen Swiegers as its new chairperson. Swiegers concluded 33 years with Deloitte where he held several senior positions, including that of Deloitte board member, COO of Deloitte... 

Opinion: South Africa at an electricity crossroads 

     Updated 6 hours ago In this commentary, independent economic consultant Rob Jeffrey cautions that a future electricity mix which relies heavily on wind and limits the contribution of coal could undermine South Africa’s plans for addressing unemployment and poverty 

Opinion: South Africa at an electricity crossroads
Rob Jeffrey

Edenville, Sinohydro sign MoU to codevelop Rukwa project

By: Anine Kilian     Updated 7 hours ago Aim-listed Edenville Energy and Chinese State-owned hydropower engineering and construction company Sinohydro Corporation have signed a memorandum of understanding (MoU) for the codevelopment of Edenville’s integrated Rukwa coal-to-power project, in western Tanzania. The MoU, which is valid for... 

Kibo completes MCPP integrated bankable feasibility study

By: Natasha Odendaal     Updated 7 hours ago The positive outcome of Aim- and AltX-listed Kibo Mining’s integrated bankable feasibility study (IBFS) for the Mbeya coal-to-power project (MCPP), in Tanzania, has placed the company in “a strong position” during the ongoing discussions and negotiations for the final power purchase agreement, as... 

Nigeria must not scare away MTN, says communications minister

By: Reuters     Updated 5 hours ago Nigeria must not scare away MTN, its minister of communications said, as lawmakers investigate alleged illegal money transfers just three months after the government fined Africa's biggest telecoms firm over $1-billion. The comments by Adebayo Shittu are the government's first statement on the... 

Absa campaign ‘led by Gupta-sponsored groups,’ – EFF

By: African News Agency      Updated 4 hours ago A campaign to get Barclays-owned Absa to pay back apartheid debt is led by “State Security” and the controversial Gupta family, Economic Freedom Fighters (EFF) leader Julius Malema said on Monday. The EFF has been attacked in recent times for being complacent after announcing that it would occupy... 

Absa campaign ‘led by Gupta-sponsored groups,’ – EFF

Platinum price upturn needed to sustain industry – Lonmin  

By: Martin Creamer     20th January 2017 An upturn in the platinum price is needed for the sustainability of the platinum industry as a whole, Lonmin CEO Ben Magara said on Friday. The head of the large London- and Johannesburg-listed platinum mining company said that although there had been a slight price recovery since November and... 

Lonmin CEO Ben Magara points out the unsustainability of the current low platinum price at a media conference covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

Grain SA cautiously optimistic on 2017 maize crop

By: Anine Kilian     20th January 2017 Grain farmers are grateful for the turnaround in general conditions following the severe drought South Africa experienced last year; however, the perception that all problems are now solved is premature, says Grain South Africa (SA) chairperson Jaco Minnaar. He notes that although the outlook for... 

Wine industry under pressure amid subdued economy

By: Megan van Wyngaardt     20th January 2017 While the local wine market has grown more than 14%, or by 50-million litres, over the past two years, to more than 400-million litres at the end of December, continued pressure on the local economy could hamper the industry’s future growth. The wine industry is currently in a slump, with only... 

Wine industry under pressure amid subdued economy

Alexander Forbes secures shareholder approval for ARC’s 10% acquisition

By: Natasha Odendaal     20th January 2017 JSE-listed specialised financial services group Alexander Forbes Group’s shareholders on Friday approved African Rainbow Capital’s (ARC’s) acquisition of a 10% stake in its African operations for R753.45-million, with net proceeds of R678.1-million to be settled in cash. The strategic empowerment... 

AfriForum to take legal action against defaulting municipalities

By: Megan van Wyngaardt     20th January 2017 Civil rights organisation AfriForum on Friday said it would call on the National Energy Regulator of South Africa (Nersa) to withdraw the licences of municipalities that have defaulted on their payments to power provider Eskom. “[We will be approaching] the courts in terms of the protection of... 

AfriForum to take legal action against defaulting municipalities

Guptas lambast Gordhan in court papers 

By: African News Agency      20th January 2017 Oakbay Investments, the company owned by the wealthy Gupta family, on Friday lambasted Finance Minister Pravin Gordhan’s court application seeking a court order enforcing his decision not to intervene in the debacle relating to the South African banks that cut links with the controversial family.... 

Guptas lambast Gordhan in court papers
Photo by Reuters
Finance Minister Pravin Gordhan

A400M reportedly wins second export order

By: Keith Campbell     20th January 2017 French aerospace journal “Air et Cosmos” and British defence media group Jane’s have both reported that the Indonesian government has approved the purchase of five Airbus A400M military airlifter aircraft. Both cite local Indonesian media as the source of the information. According to the French... 

A400M reportedly wins second export order
Photo by Airbus
An Airbus A400M

Operation Phakisa making strides in ICT in education

By: Natasha Odendaal     20th January 2017 Progress is being made in the implementation of the Information and Communications Technology (ICT) in Education segment of South Africa’s Operation Phakisa, the Department of Planning, Monitoring and Evaluation (DPME) said on Friday. Implemented by the Department of Basic Education (DBE) in... 

Operation Phakisa making strides in ICT in education

Recovery possible for SA, sub-Saharan truck markets, says UD Trucks

By: Irma Venter     20th January 2017 Both the South African and sub-Saharan African (SSA) new-truck markets should see growth this year, following a tough 2016, says UD Trucks Southern Africa (UDTSA) marketing director Rory Schulz. The South African new truck market, including exports from South Africa into Africa, declined by 11%,... 

Recovery possible for SA, sub-Saharan truck markets, says UD Trucks

Esor to raise R37.5m in rights offer

By: Anine Kilian     20th January 2017 JSE-listed Esor intends to raise up to R37.54-million in a rights offer to qualifying shareholders. Qualifying shareholders are being offered the right to acquire 25 shares for every 100 Esor shares held on the record date. Some 98.8-million shares will be on offer at 38c apiece. 

Imperial Logistics establishes new business in Ghana

By: Anine Kilian     20th January 2017 Supply chain and logistics company Imperial Logistics has partnered with Ghanaian conglomerate LMI Holdings to form a new business Imperial LMI Logistics to provide logistics services in Ghana and the rest of West Africa.   “The vision of Imperial LMI is to be an integrated, end-to-end supply... 

NWU business school secures five-year MBA accreditation

By: Natasha Odendaal     20th January 2017 North-West University (NWU) School of Business and Governance (SBG) has secured a five-year international accreditation for its new MBA degree programme from the London-based Association of MBAs (AMBA). The five-year accreditation period, the longest period of endorsement for an MBA degree... 

Adcock Ingram expects substantial increase in interim earnings

By: Megan van Wyngaardt     20th January 2017 Pharmaceuticals company Adcock Ingram expects its earnings per share (EPS) for the six-month period to December 31, 2016, to be at least 60% higher than the comparative period of 2015. The company noted that the 60c-a-share increase from the EPS of 99.6c reported in the prior year came on the... 

Ramaphosa hopeful Trump will have ‘positive disposition’ to Africa

By: African News Agency      20th January 2017 On the eve of Donald Trump’s inauguration as President of the United States, South Africa Deputy President Cyril Ramaphosa said he was hopeful the US leader would have a “positive disposition” towards Africa and South Africa. “He is going to be inaugurated tomorrow and clearly he is going to be... 

Ramaphosa concludes ‘productive’ visit to Davos

By: African News Agency      20th January 2017 South Africa Deputy President Cyril Ramaphosa has concluded his visit to the World Economic Forum (WEF) annual meeting in Davos-Klosters, Switzerland, where he delivered the message that South Africa was hard at work and remained open for business. A statement from his office on Friday said... 

Eskom acknowledges payment extension decision for defaulting municipalities

By: Megan van Wyngaardt     20th January 2017 Eskom has welcomed Public Enterprises Minister Lynne Brown’s decision to grant municipalities until the end of January to settle their arrear debt with the power utility. Brown on Thursday instructed the parastatal to allow municipalities until January 31 to settle arrears before switching off... 

Cape Town may be upgraded to tougher water restrictions

By: News24Wire      20th January 2017 On Thursday the City of Cape Town's mayoral committee requested that council implement more severe water restrictions at its sitting next week. The mayoral committee proposed a plan to upgrade the current Level 3 water restrictions to Level 3B because of diminishing dam levels and unnecessary... 

Owners of other Ford models join complaints over burning vehicles

By: News24Wire      20th January 2017 Owners of other models of the Ford Kuga  say their vehicles have also caught fire, challenging the vehicle manufacturer's claims that only one version of the car has a fault that could result in it bursting into flames. The National Consumer Commission (NCC) on Thursday confirmed it had received... 

EU grants Zambia $69m for energy projects

By: Reuters     20th January 2017 The European Union (EU) has given Zambia about $69-million to expand electricity supply in the continent's second biggest copper producer, which faces a power deficit that has hit mining and agriculture. In a statement, the EU said the grant would fund projects to provide access to reliable and... 

Local light passenger and utility aircraft programme taking off

By: Keith Campbell     20th January 2017 Wonderboom Airport, in Pretoria (within the Tshwane metropolitan municipality), is the nest within which a fledgling civilian aircraft manufac- turing company is developing. Based in the airport’s Hangar 1, Falcon Air has developed and is producing its Falcon 402 general aviation aircraft, albeit... 

Local light passenger and utility aircraft programme taking off

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      20th January 2017 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

Eskom ordered to halt power cuts to towns 

By: Reuters     19th January 2017 South African power utility Eskom has been instructed to allow municipalities until January 31 to settle arrears before switching off lights, a Cabinet Minister said on Wednesday. Public Enterprises Minister Lynne Brown said halting electricity supply to towns, who collectively owed more than... 

Eskom ordered to halt power cuts to towns
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

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Ford South Africa recalls Kuga model

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