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Latest News

New helicopters ordered for TNPA's Durban, Richards Bay ports

By: Megan van Wyngaardt     20th February 2018 Transnet National Ports Authority (TNPA) has concluded negotiations and signed an agreement for the manufacture, supply and delivery of two new helicopters to service the Durban and Richards Bay ports, as part of its helicopter marine pilotage service - one of only three countries in the world to... 

Minigrid solutions suitable for addressing Africa’s energy challenge

By: Anine Kilian     20th February 2018 Minigrids have the capability to operate in isolation from the national grid and have been shown to reduce the cost of, and dramatically increase the pace of, rural electrification, says Blue World Power Energy and Resources MD Gavin Carlson. “We view minigrids as a game changer for the rapid,... 

Minigrid solutions suitable for addressing Africa’s energy challenge
Photo by Duane Daws
Blue World Power Energy and Resources MD Gavin Carlson

South Africa falls to small percentage of AngloGold output 

By: Martin Creamer     20th February 2018 South African gold mines now represent around 13% of the AngloGold Ashanti portfolio, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Tuesday. The fall in the contribution from AngloGold's South Africa region mines follows the sale of Moab and Kopanang and the closure of the Tau... 

South Africa falls to small percentage of AngloGold output
AngloGold Ashanti 2017 results presentation covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer. Video Editing: Christo Greyling.

Transnet board cannot revoke its responsibility – Brown

By: Megan van Wyngaardt     20th February 2018 Public Enterprises Minister Lynne Brown on Tuesday instructed State-owned Transnet to report alleged irregularities identified in an investigative report by law firm Werksmans Attorneys on the R54-billion procurement of 1 064 locomotives in 2014 to law enforcement authorities. The parastatal last... 

Ramaphosa's plan for SOEs

By: News24Wire      20th February 2018 President Cyril Ramaphosa has revealed more details of how he plans to fix State-owned enterprises (SOEs), and he will be considering proposals by Members of Parliament (MPs). He was addressing the National Assembly on Tuesday, in a reply to the debate on the State of the Nation Address (Sona). 

 Ramaphosa's plan for SOEs
President Cyril Ramaphosa

Sapoa continues to focus on transformation, advocacy

By: Simone Liedtke     20th February 2018 The South African Property Owners Association (Sapoa), under the leadership of president Peter Levett, continues to focus on education, advocacy, transformation and research in the property sector. Sapoa plays a “pivotal role” in advocacy, providing targeted participation in legislative... 

Lifestyle audits on government politicians, public servants set to start - Ramaphosa

By: African News Agency      20th February 2018 Tests on whether the lifestyles of politicians and public officials in South Africa match their incomes are set to become the norm, President Cyril Ramaphosa said on Tuesday, starting with himself and members of his cabinet. "If there ever has been anything that many South Africans would like to... 

 Lifestyle audits on government politicians, public servants set to start - Ramaphosa
President Cyril Ramaphosa with MPs

There is relevance for nuclear power in South Africa, says Group Five exec

By: Anine Kilian     20th February 2018 South Africa needs to be prepared for the nuclear build programme, which has been in the pipeline for a decade now, says Group Five nuclear construction services director Des Muller. Speaking at the Africa Energy Indaba, in Johannesburg, on Tuesday, Muller, who is on the Nuclear Industry... 

Tough trading environment put Transpaco under pressure in H1

By: Megan van Wyngaardt     20th February 2018 JSE-listed plastics and packaging group Transpaco reported a 4.7% fall in operating profit to R78.5-million in the six months to December 31. While in line with expectations, the company said its performance remained under pressure from a continued challenging economic environment, leading to a... 

Cape Town’s Day Zero delayed until July

By: Natasha Odendaal     20th February 2018 Day Zero has again been pushed back by another month as daily water use in the drought-stricken province drops by three-million litres, with the average consumption averaging 523-million litres a day. While still short of the 450-million-litre a day target, Democratic Alliance leader Mmusi... 

Imperial Holdings delves into unbundling plans, reports solid H1 results

By: Megan van Wyngaardt     20th February 2018 Imperial Holdings' plans for unbundling its Imperial Logistics and Motus entities, and listing them separately, are still in the works but are dependent on a number of internal and external factors, CEO Mark Lamberti said on Tuesday. The company last year said work was in progress to determine... 

Imperial Holdings delves into unbundling plans, reports solid H1 results
Photo by Duane Daws
CEO Mark Lamberti

Icasa to hold public hearings on end-user and subscriber service charter regulations

By: Natasha Odendaal     20th February 2018 The Independent Communications Authority of South Africa (Icasa) has announced that March 1 and 2 have been earmarked for public hearings into the second draft of the End-User and Subscriber Service Charter Regulations. Following the receipt of 13 written submissions, the communications authority... 

Fireblade executive terminal at OR Tambo airport is now handling international flights

By: Rebecca Campbell     20th February 2018 The Fireblade Aviation Fixed-Base Operations (FBO) terminal at Johannesburg’s OR Tambo International Airport handled its first international flight last week, the company reported on Tuesday. A FBO is a private air terminal, to cater for VIP and VVIP passengers, flying into, out of and within a... 

Cell C FY17 rallies on Blue Label recapitalisation

By: Natasha Odendaal     20th February 2018 South Africa’s third-largest mobile operator Cell C on Tuesday posted strong financial results for the year ended December 31, bolstered by the R5.5-billion recapitalisation programme led by JSE-listed Blue Label last year. The recapitalisation, which resulted in Blue Label earning a 45% stake in... 

Cell C FY17 rallies on Blue Label recapitalisation
Photo by Duane Daws
Cell C CEO Jose dos Santos

Volvo Trucks grows 6% in 2017, aims for another 5% in 2018

By: Irma Venter     20th February 2018 Volvo Trucks Southern Africa has increased Volvo truck sales by 6% in 2017, from 1 957 units in 2016, to 2 074 units in 2017. Volvo trucks secured a third sport in the South Africa heavy-duty commercial vehicle segment in 2017, the only segment in which it competes. 

Volvo Trucks grows 6% in 2017, aims for another 5% in 2018
The Volvo Trucks plant in Durban

Ramaphosa calls for new social compact

By: African News Agency      20th February 2018 President Cyril Ramaphosa on Tuesday called for national unity and a new social compact to revive the economy and ease the plight of South Africa's poor majority. "One thing that we will unite on is advancing the interests of our people," Ramaphosa said in his reply to the debate on his maiden... 

Ramaphosa calls for new social compact
Photo by Reuters
President Cyril Ramaphosa

AfDB expresses strong support for new Eskom leadership

By: Terence Creamer     20th February 2018 The African Development Bank (AfDB), which has extended loan facilities worth a collective R20-billion to South Africa’s power utility Eskom, expressed confidence on Tuesday that the new leadership at the cash-strapped State-owned company would restore the group’s governance and creditworthiness.... 

AfDB expresses strong support for new Eskom leadership
Photo by Duane Daws
AfDB VP for power, energy, green growth and climate change Amadou Hott

Gordhan, Jonas said to be part of Ramaphosa's new Cabinet plan

By: News24Wire      20th February 2018 Former ministers banished to the political wilderness under Jacob Zuma’s presidency are set to make a comeback as President Cyril Ramaphosa prepares to revive the stagnant economy. The African National Congress’s (ANC's) top-six officials, including President Cyril Ramaphosa, will meet on Friday... 

 Gordhan, Jonas said to be part of Ramaphosa's new Cabinet plan
Photo by Reuters
Mcebisi Jonas & Pravin Gordhan

Congo seeks relief talks with oil traders over $2bn debt

By: Reuters     20th February 2018 Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2-billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly lend... 

EU warns it will retaliate if hit by US trade curbs

By: Reuters     20th February 2018 The European Commission said on Tuesday it had expressed its concern to Washington about possible measures to curb imports of steel and aluminium and warned that it was ready to react if its industry was hit. "We have made it clear to the US administration at the highest level that we would be... 

SNC-Lavalin secures 4yr maintenance contract with Shell South Africa

By: Schalk Burger     20th February 2018 SNC-Lavalin has been awarded a four-year maintenance service and support contract for ten fuel storage facilities for oil multinational Shell Downstream South Africa. The scope of work includes mechanical, electrical, instrumentation and piping maintenance related services for ten Shell terminal... 

New Toyota magnet cuts dependence on key rare earth metal for EV motors

By: Reuters     20th February 2018 Toyota Motor Corp has found a way to reduce the amount of a key rare earth metal used in magnets for electric car motors by around 20%, which could tame the cost of producing electric cars and reduce the risk of a supply shortage of materials needed for their production. The Japanese automaker... 

Ramaphosa should shift to green energy – Greenpeace

By: News24Wire      20th February 2018 Environmental organisation Greenpeace is demanding newly-elected President Cyril Ramaphosa takes urgent action on energy policy in South Africa. Ramaphosa delivered his maiden State of the Nation Address (SoNA) on Friday, when he highlighted economic growth and combating corruption. 

Atterbury starts construction at R800m Midrand industrial park

By: Megan van Wyngaardt     20th February 2018 South African property developer Atterbury has started construction on Old Mint Park, a prime industrial development neighbouring the landmark South African Mint and fronting the N1 highway, centrally located between Midrand and Centurion. The R800-million project entails the development of a new... 

Atterbury starts construction at R800m Midrand industrial park

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Investors watching closely as Ramaphosa considers Cabinet line-up

By: Reuters     20th February 2018 President Cyril Ramaphosa said on Tuesday his early morning walks gave him time to think about his cabinet amid growing speculation about its composition and the future of the finance minister. In his state of nation address on Friday, Ramaphosa strongly hinted at a cabinet shake-up when he said... 

Investors watching closely as Ramaphosa considers Cabinet line-up
President Cyril Ramaphosa

City of Cape Town welcomes 'major court victory for preservation of water sources'

By: News24Wire      20th February 2018 A ruling by the Western Cape High Court has been described as "a watershed ruling" for the preservation of Cape Town's rivers, floodplains, and wetlands. The judgment refers to a case in which the City approached the courts to order Really Useful Investments, a developer of the Hout Bay Beach... 

Zille blames department of water for stalled Clanwilliam Dam project

By: News24Wire      20th February 2018 A project which aims to double the capacity of the Clanwilliam Dam in the Western Cape will not be able to proceed because of a lack of funding. This is according to Western Cape Premier Helen Zille, who on Monday said the project, for which R2bn had been budgeted as far back as 2013/2014, would... 

Emerging Africa Infrastructure Fund commits $200m in loans to fragile States

By: African News Agency      20th February 2018 The Emerging Africa Infrastructure Fund (EAIF), suppliers of debt finance to private sector infrastructure projects in sub-Saharan Africa, said on Tuesday that it had ended 2017 on a high note with $200-million in loan commitments to fragile states. EAIF, a company of the Private Infrastructure... 

Fiscal consolidation the buzzword for Gigaba's maiden Budget 2018?

By: African News Agency      20th February 2018 South African economists have set their sights on fiscal consolidation and avoiding a credit ratings downgrade as Finance Minister Malusi Gigaba scrambles to close the R50-billion deficit when he delivers his maiden Budget Speech on Wednesday. In his 2017 Medium Term Budget Policy Statement... 

Fiscal consolidation the buzzword for Gigaba's maiden Budget 2018?
Photo by Bloomberg
Finance Minister Malusi Gigaba

Public-private partnerships key for gas infrastructure development in SADC region

By: Anine Kilian     19th February 2018 Public-private partnerships are key to developing gas supply projects in the Southern African Development Community (SADC), Nepad Business Foundation (NBF) Africa infrastructure programme manager Peter Varndell said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, he said there was... 

Eskom board called on to prove utility not trading recklessly

By: Terence Creamer     19th February 2018 The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be... 

Eskom board called on to prove utility not trading recklessly
Accountability Now director advocate Paul Hoffman

Africa not making the most of its gas reserves

By: Anine Kilian     19th February 2018 Only 8% to 10% of Africa’s known gas reserves are being priortised, despite the fact that gas reserves on the continent are abundant, Catalyst Capital managing partner Adero Okudo said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, she said there were only two crossborder pipelines... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell
Anglo American Platinum CEO Chris Griffith delivers 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Liberty Two Degrees posts maiden full-year results

By: Dylan Slater     19th February 2018 South Africa-focused real estate investment trust (Reit) Liberty Two Degrees (L2D) on Monday posted a distribution of 59.22c a unit in its maiden full-year results.  

Legacy issues, poor Q1 affect Rolfes' H1 earnings

By: Simone Liedtke     19th February 2018 Black-empowered chemical group Rolfes' financial results for the six months ended December 31 were negatively affected by legacy issues and a poor first quarter, resulting in headline earnings halving to R23.62-million, from R48.23-million in the six months to December 31, 2016. Revenue from... 

Koeberg participating in development of other desalination projects

By: Kim Cloete     19th February 2018 Apart from its recently announced temporary desalination plant, the Koeberg nuclear power station is working on a range of desalination projects, including a detailed feasibility study with the City of Cape Town on a large-scale desalination plant. If the feasibility study is successful, it will... 

Koeberg participating in development of other desalination projects
Photo by Duane Daws
Koeberg nuclear power station

Coega SEZ receives EIA approval for desalination, aquaculture zones

By: Schalk Burger     19th February 2018 The Coega Special Economic Zone (SEZ), in the Eastern Cape, has received environmental-impact assessment (EIA) approval for a 440 ha land-based aquaculture development zone (ADZ) and a desalination plant in Zone 10 of the Coega SEZ. “The approval of the EIA is a step towards fulfilling the Coega... 

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