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Industry teams up to craft road map for ‘a million new manufacturing jobs’

By: Terence Creamer     Updated 3 hours ago Manufacturing associations across a range of subsectors, including plastics and packaging, chemicals, agroprocessing and steel have endorsed a Manufacturing Circle-led initiative, designed to find ways of creating an additional one-million manufacturing jobs in South Africa. Manufacturing Circle... 

Industry teams up to craft road map for ‘a million new manufacturing jobs’
Photo by Duane Daws
Manufacturing Circle chairperson André de Ruyter

SA’s component sector should pursue growth strategies, says report

By: Irma Venter     Updated 5 hours ago South Africa’s component industry will be well served by implementing innovative growth strategies in the short to medium term. This emerged as one of the recommendations of the South African Automotive Supplier Performance Report 2017, produced for the National Association of Automotive... 

SA’s component sector should pursue growth strategies, says report
Photo by Duane Daws
Renai Moothilal

Group Five reviews enquiries around voluntary rebuild programme

By: Megan van Wyngaardt     Updated 6 hours ago JSE-listed Group Five, led by CEO Themba Mosai, on Monday said it had received a number of enquiries and correspondences regarding equity-based transactions at both the group and subsidiary company level, which forms part of the voluntary rebuild programme (VRP). Group Five, along with five other... 

2017 a watershed year for Insimbi

By: Natasha Odendaal     Updated 3 hours ago Insimbi Refractory and Alloy Supplies is no longer the company it was a year ago, with significant changes undertaken in a year described as watershed for the Johannesburg-listed group. During the year ended February 28, the Fred Botha-led company underwent significant changes in its market... 

Proudly SA develops tender monitoring system to track government compliance

By: Megan van Wyngaardt     29th May 2017 Buy local advocacy campaign Proudly South African (SA) has developed an in-house tender tracking system to monitor government’s compliance with its own mandate to make local procurement a priority. The system trawls the websites of all three spheres of government, their agencies and entities,... 

Column: Koeberg aims to ease Cape Town's water woes through desalination

     Updated 5 hours ago In this article, Koeberg power station manager Velaphi Ntuli outlines initiatives under way at the nuclear power station to reduce water consumption and desalinate groundwater. Cape Town is in a drought crisis, and it is predicted that this will certainly not be the city’s last water crisis. Dam... 

Column: Koeberg aims to ease Cape Town's water woes through desalination

Stalwarts disappointed at another failed attempt to remove Zuma, caution opposition

By: Sane Dhlamini     Updated 4 hours ago Stalwarts of the African National Congress (ANC) on Monday expressed concern that President Jacob Zuma had in the past 48 hours survived a second attempt at the level of the organisation’s National Executive Committee (NEC) to force him to step down. A significant number of the NEC’s number... 

Stalwarts disappointed at another failed attempt to remove Zuma, caution opposition

Tongaat delivers double-digit earnings growth for FY17

By: Natasha Odendaal     29th May 2017 JSE-listed Tongaat Hulett on Monday reported double-digit earnings growth for the year ended March 31. The group achieved a 44.6% hike in headline earnings, from R679-million in 2016, to R982-million in the 12 months under review. 

Famous Brands reins in acquisition pipeline, focuses on growth path

By: Natasha Odendaal     29th May 2017 After wrapping up the 2017 financial year with seven successfully integrated acquisitions and a strong financial performance, JSE-listed Famous Brands plans to remain strongly focused on growth in a difficult operating climate. However, while the group remained acquisitive by nature and was... 

Clover sees earnings dip owing to drought, rand volatility

By: Megan van Wyngaardt     Updated 5 hours ago The prolonged drought and rand volatility, which resulted in above inflation input costs that could not be recovered through revenue increases, owing to subdued consumer sentiment and aggressive competitive pricing in the first half of the financial year, will be largely disruptive to branded... 

Clover sees earnings dip owing to drought, rand volatility

Taste Holdings’ FY loss widens, revenue up 7%

By: Anine Kilian     Updated 4 hours ago Business franchise management group Taste Holdings, which has launched Starbucks Coffee and Domino’s Pizza outlets in South Africa, has widened its loss to R101.15-million in the financial year ended February 28, compared with a loss of R74.1-million the year before. Its headline loss a share... 

LHDA calls on construction companies to attend information briefings

By: Megan van Wyngaardt     Updated 7 hours ago Water resources development and management organisation, the Lesotho Highlands Development Authority (LHDA) will host a briefing session on June 12, at the Wanderers Club, in Johannesburg, to provide information relating to the Lesotho Highlands Water Project (LHWP) Phase 2 project schedule. The... 

LHDA calls on construction companies to attend information briefings

Western Cape dams drop below 20%

By: Megan van Wyngaardt     Updated 4 hours ago The average water level of dams across the Western Cape has dropped to below 20%, with the latest data showing that the major dams in the Western Cape including the Voëlvlei dam, currently, at 14.7%; the Theewaterskloof dam, at 13.4%; and the Clanwilliam dam, at 6%, are struggling. Western Cape... 

Western Cape dams drop below 20%

Renewable Energy Holdings signs private power supply contract

By: Megan van Wyngaardt     Updated 3 hours ago Bethlehem Hydro, an independent power producer (IPP) and subsidiary of Renewable Energy Holdings (REH), has entered into a contract under which the full output from its 4 MW Merino hydropower plant, near Clarens, in the Free State, will be sold to electricity trader PowerX. REH and Bethlehem... 

Delta increases distribution by 7.1%, but sees earnings flat for year ahead

By: Megan van Wyngaardt     29th May 2017 JSE-listed real estate investment trust (Reit) Delta Properties has declared a distribution of 97.24c a share for the financial year ended February 28, which represents a 7.1% year-on-year increase. CEO Sandile Nomvete highlighted that this was testimony to the company’s ongoing efforts to focus... 

SACP outraged at ‘pinprick’ MultiChoice settlement

By: Natasha Odendaal     Updated 7 hours ago The South African Communist Party (SACP) on Monday hit out at the Competition Tribunal for issuing a penalty against pay-television operator MultiChoice for price-fixing that was “nothing close to a slap on the wrist”. Last week, MultiChoice’s DStv Media Sales agreed to a R180-million consent... 

National English Literary Museum obtains green building rating

By: Anine Kilian     Updated 4 hours ago The National English Literary Museum, in the Eastern Cape, has been awarded a 5-Star Green Star SA Public Education Building v1 As-Built rating – a first for South Africa. The museum was built by the Department of Public Works (DPW) for the Department of Arts and Culture at a cost of... 

Zambezi Protocol providing strategic direction to identity-changing Chamber of Mines 

By: Martin Creamer     Updated 4 hours ago The 128-year-old Chamber of Mines South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Mining Weekly Online’s Martin Creamer asks new Chamber of Mines office bearers to spell out the influential institution’s decision to change its 128-year-old name and identity. Photographs and Video: Duane Daws. Video Editing : Lionel d Silva.

DA asks Speaker to appoint ad hoc committee on State capture

By: African News Agency      Updated 5 hours ago The Democratic Alliance (DA) on Monday asked Speaker Baleka Mbete to appoint an ad hoc parliamentary committee to probe ties between President Jacob Zuma, Cabinet ministers and the politically-connected Gutpa family, party leader Mmusi Maimane said on Monday. “Parliament is mandated by the... 

DA asks Speaker to appoint ad hoc committee on State capture
Photo by Duane Daws
DA leader Mmusi Maimane

Steel CEOs say EU carbon reforms threaten jobs, investment

By: Reuters     29th May 2017 Steelmakers in Europe have written to EU leaders urging them not to burden the industry with extra carbon emissions costs they say would make them uncompetitive against foreign rivals and raise the risk of job losses and plant closures. Draft reforms to the EU Emissions Trading System (ETS)... 

Zuma Cabinet reshuffle appeal postponed

By: News24Wire      29th May 2017 The application by President Jacob Zuma to appeal an order to hand over the record of decision to reshuffle his Cabinet will not go ahead on Monday as planned due to a bereavement in the legal team, Democratic Alliance (DA) MP James Selfe said on Monday. Selfe said the application for leave to... 

Zuma Cabinet reshuffle appeal postponed

G7 leaders turn gaze to Africa, climate harmony elusive

By: Reuters     29th May 2017 Leaders of the Group of Seven wealthy nations met African heads of state on Saturday, the final day of their annual summit which has been marked by discord over climate change, but unity on tackling terrorism. Italy had hoped to make Africa the major focus of the annual G7 gathering, holding the... 

Construction begins on world's largest telescope in Chilean desert

By: Reuters     29th May 2017 Construction began in Chile on Friday on the European Extremely Large Telescope, which when completed will be the world's largest optical telescope, some five times larger than the top observing instruments in use today. The size of the ELT has the potential to transform our understanding of the... 

Nigeria oil governance bill aims to break up state oil company NNPC

By: Reuters     29th May 2017 The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company into three commercial entities supported by a regulatory body and a fund to oversee the distribution of money. The Petroleum Industry Governance Bill, passed on Thursday... 

Nigeria's 'bad bank' says nearing sale of Peugeot car assembly plant to Dangote

By: Reuters     29th May 2017 The Asset Management Company of Nigeria (AMCON), the country's 'bad bank' set up following the banking crisis, is close to selling Peugeot Automobile Nigeria (PAN), a local car assembly joint venture, to Africa's richest man, Aliko Dangote, and two Nigerian states. "We have concluded all... 

Zuma beats off efforts to oust him

By: African News Agency      29th May 2017 President Jacob Zuma has survived a second attempt to force him to step down, at the African National Congress’s (ANC's) national executive committee (NEC) meeting on Sunday night, IOL reports. It was apparently agreed, as a compromise between bitterly divided groups to refer the issue of Zuma’s... 

Zuma beats off efforts to oust him
Photo by Duane Daws
President Jacob Zuma

The Gupta Emails

By: News24Wire      29th May 2017 A cache of damning e-mails between members of the Gupta family, some of their trusted lieutenants and President Jacob Zuma's son, Duduzane, has brought forward fresh details on the mechanics of the Guptas' dubious state capture strategies. City Press, News24's sister publication, on Sunday... 

The Gupta Emails

SA will take some three years to recover from drought, WC more – Mokonyane

By: African News Agency      26th May 2017 South Africa will take two to three years to recover from the worst drought in a century but the Western Cape will feel the effects for longer than that, Water and Sanitation Minister Nomvula Mokonyane said on Friday. Mokonyane said in her budget vote speech major dams were almost three quarters... 

Uganda, Tanzania sign deal for world's longest heated pipeline

By: Reuters     26th May 2017 Uganda and Tanzania signed a framework agreement on their proposed $3.55-billion crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years. An official at Uganda's Ministry of Energy told Reuters the... 

Finance Minister Gigaba continues to oppose Denel Asia deal

By: Keith Campbell     26th May 2017 The National Treasury on Friday reaffirmed, in a press release, that Finance Minister Malusi Gigaba continues to oppose the proposed joint venture between the State-owned Denel defence industrial group and VR Laser Asia, intended to create a company called Denel Asia. The press release was issued... 

Rising US output holding back Opec’s efforts to cut global supply

By: Anine Kilian     26th May 2017 Fast-rising US shale output continues to hamper efforts by the Organisation of the Petroleum Exporting Countries (Opec) to cut oil supply to boost prices. IHS Markit senior director Bhushan Bahree noted in a statement on Friday that the US’s crude oil production is expected to rise by more 900... 

Patel moves to bolster Competition Act’s powers to fight economic concentration 

By: Terence Creamer     26th May 2017 Economic Development Minister Ebrahim Patel has established an advisory panel to develop draft amendments to the Competition Act with a view to bolstering South Africa’s legislative capacity of to address “persistently high levels of economic concentration”. Patel announced the proposed... 

 Patel moves to bolster Competition Act’s powers to fight economic concentration
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

Durban port takes delivery of Umbilo tug

By: Shirley le Guern     26th May 2017 “Made for Durban in Durban” is how Transnet National Ports Authority (TNPA) CEO Richard Vallihu described the Umbilo, the latest tug to be launched in Durban, on Friday. The sixth to roll off the South African Shipyards’ (SAS’s) production line, the Umbilo will be the first tug to be based at its... 

Durban port takes delivery of Umbilo tug

Nigerian wins the Africa Prize for Engineering Innovation

By: Anine Kilian     26th May 2017 Nigerian systems engineer Godwin Benson has won £25 000 as the winner of the Africa Prize for Engineering Innovation. He developed an online digital platform called Tuteria, which links students to qualified tutors in their area and within their budget. Users find the skill they want to learn on... 

Outa welcomes new ‘State capture’ study

By: Sane Dhlamini     26th May 2017 The Organisation Undoing Tax Abuse (Outa) has welcomed the research undertaken by independent research organisation Public Affairs Research Institute (Pari) in collaboration with the South African Council of Churches (SACC), which exposes how State institutions have been “repurposed to serve the... 

Outa welcomes new ‘State capture’ study
South African President Jacob Zuma

DTI spends R42m on Hammanskraal industrial park security upgrades

By: Megan van Wyngaardt     26th May 2017 The Department of Trade and Industry has spent R42-million on security upgrades at the Babelegi industrial park, in Hammanskraal, which included the installation of invisible fencing, a control room, guard houses, swing gates and pedestrian gates, a new boom gate and high-mast lighting upgrades... 

Zuma says not opposed to inquiry into corruption allegations

By: Reuters     26th May 2017 South Africa's President Jacob Zuma said on Friday he was not opposed to setting up a commission of inquiry into corruption into his government after anti-graft report alleged he was influenced by the wealthy Gupta family in making government appointments. The former Public Protector, a... 

Zuma says not opposed to inquiry into corruption allegations
Photo by Duane Daws
President Jacob Zuma

Ncondezi calls off joint development agreement with SEP

By: Megan van Wyngaardt     26th May 2017 Mozambique-focused coal miner and energy developer Ncondezi Energy will engage with new strategic partners who have expressed an interest in helping to develop its integrated thermal coal mine and 300 MW power plant in the country’s Tete province. This comes after the company on Friday suspended... 

Ncondezi calls off joint development agreement with SEP

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