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Latest News

World Bank approves $455m loan for Tanzania power projects

By: Reuters     Updated 4 minutes ago The World Bank has approved a $455-million loan to Tanzania under its International Development Assistance (IDA) programme to support financing of power projects in the East African nation. The financing from IDA, which gives grants or low-interest loans to the world’s poorest countries, will... 

Durban High Court lifts Shongweni landfill interdict

By: African News Agency      Updated 11 minutes ago An interdict brought by a Durban community preventing national waste management firm EnviroServ from operating its Shongweni-based hazardous landfill site was lifted by the Durban High Court on Thursday. Judge Johan Ploos van Amstel lifted the restrictive interdict claiming it had served its... 

New-look IPP bid documents will need to strike delicate balance

By: Terence Creamer     Updated 38 minutes ago The new bid documentation being prepared by the Department of Energy (DoE) for future independent power producer (IPP) procurement rounds will have to strike a delicate balance between sustaining investor interest and responding to society’s demand for increased socioeconomic benefits. In fact,... 

New-look IPP bid documents will need to strike delicate balance
Allen & Overy partner Jason van der Poel

Nontechnical issues present the main obstacles to nuclear’s role in future energy mix

By: Rebecca Campbell     Updated 1 hour 8 minutes ago Key issues regarding the future of nuclear power in South Africa were raised at the National Nuclear Regulator’s recent 2nd Nuclear Regulatory Information Conference, held in northern Johannesburg. The conference took place over three days.  

Nontechnical issues present the main obstacles to nuclear’s role in future energy mix

Zimbabwe regulator cuts mobile data tariffs by 60 percent

By: Reuters     21st June 2018 Zimbabwe's telecoms regulator has cut the price of mobile data by 60% with effect from next month, it said on Thursday, adding that it will now review charges annually. Lower prices will likely increase the country's Internet penetration rate, which the country's regulator says stood at 50.8%... 

IEC encourages the youth to register to vote in the 2019 elections

By: Simone Liedtke     21st June 2018 The Electoral Commission of South Africa (IEC) aims to increase the voter’s roll by about one-million to at least 27-million people before the 2019 national elections take place. National elections are expected to be held at some stage between May and August next year. 

IEC encourages the youth to register to vote in the 2019 elections
Photo by Dylan Slater
IEC CEO Sy Mamabolo

Gama cites need for digital change to ensure greater economic growth

By: Simone Liedtke     21st June 2018 With an unemployment rate of about 27% in South Africa, State-owned Transnet CEO Siyabonga Gama highlights the need for creating, on an urgent basis, more job absorption strategies. This vision, he explained at the Vision 2030 Summit, in Johannesburg, on Thursday, will involve employing more of... 

Gama cites need for digital change to ensure greater economic growth
Photo by Dylan Slater
Transnet CEO Siyabonga Gama

New era for healthcare as Motsoaledi abolishes co-payments

By: News24Wire      21st June 2018 The abolishment of co-payments is one of the proposals of the Medical Schemes Amendment bill, announced by Health Minister Aaron Motsoaledi. Motsoaledi was speaking at a briefing on the medical schemes amendment bill and National Health Insurance bill in Pretoria on Thursday. 

 New era for healthcare as Motsoaledi abolishes co-payments
Health Minister Aaron Motsoaledi

Imperial board to proceed with Motus unbundling, separate listing

By: Nadine James     21st June 2018 Imperial Holdings’ board has resolved to proceed with the unbundling of its Motus automotive business, it announced on Thursday. The JSE-listed company has previously indicated its plans to restructure its operations into two large independent and self-sufficient businesses – one holding the... 

Imperial board to proceed with Motus unbundling, separate listing
Imperial CEO Osman Arbee

Govt to deploy support teams to assist distressed municipalities – Nel

By: Simone Liedtke     21st June 2018 Government is working to ensure that all distressed and dysfunctional municipalities have access to a district support team by December this year, says Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel. Speaking at the Vision 2030 Summit, in Johannesburg, on Wednesday, he... 

Govt to deploy support teams to assist distressed municipalities – Nel
Photo by Simone Liedtke
Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel

Brand new equipment takes centre stage at coal terminal

By: Martin Creamer     21st June 2018 The first phase of the equipment replacement project reached full swing at the Richards Bay Coal Terminal (RBCT) on Thursday when R1.34-billion worth of brand new stacker reclaimers and shiploaders went into official action, holding out the prospect of improved turnaround times for coal... 

Brand new equipment takes centre stage at coal terminal
Photo by Martin Creamer
The official launch of a new machine at the Richards Bay Coal Terminal

Cummins and Komatsu launch S Africa’s first TEC programme at Sedibeng TVET 

21st June 2018 Cummins Africa Middle East and Komatsu Africa have teamed up to bring the first Technical Education for Communities, or TEC, programme to South Africa. Natasha Odendaal tells us more. 

Cummins and Komatsu launch S Africa’s first TEC programme at Sedibeng TVET
Cummins and Komatsu launch S Africa’s first TEC programme at Sedibeng TVET

Zambia aiming for power prices that reflect costs by end 2018

By: Reuters     21st June 2018 Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price. In 2015 and 2016, Zambia experienced a... 

Current account deficit widens in Q1 as exports slump

By: Reuters     21st June 2018 South Africa's current account deficit widened more than expected in the first quarter to register its largest shortfall in two years as the trade balance swung to a deficit after a steep decline in exports, the central bank said on Thursday. Investor sentiment in South Africa picked up after... 

NGOs rate South Africa’s transition to a green economy at five out of ten

By: Nadine James     21st June 2018 Nongovernmental organisations (NGOs) on Thursday released the findings of new research, which describes South Africa’s transition to a low-carbon, sustainable and inclusive future as “stuck in first gear”, with ambitious policies but slow implementation. The ‘South Africa Green Economy... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector
Rio-Carb MD Martin Maine

Globeleq-led consortium partners with EDM to progress Moz gas-fired power project

By: Nadine James     21st June 2018 Lead partner in the Temane Energy Consortium (TEC), Globeleq, has signed a joint development agreement with Electricidade de Moçambique (EDM) to progress the 400 MW Temane gas-fired power project, located in Mozambique’s Inhambane province. The agreement, which was signed at the African Energy... 

Standard Bank promises fleet savings as fuel price surges

By: Irma Venter     21st June 2018 A number of fleet management solutions can save businesses the additional costs of the recent value-added tax (VAT) and fuel price increases, says Standard Bank Fleet Management executive head Derick de Vries. He says this year’s increase in VAT to 15% from 14% can be “comfortably offset” by... 

Standard Bank promises fleet savings as fuel price surges
Derick de Vries

Traffic on Gauteng’s freeways to grow by 50 000 trips a day in 2018

By: Irma Venter     21st June 2018 Current traffic growth on Gauteng’s e-toll freeways is running at around 4%, says South African National Roads Agency Limited (Sanral) planning, toll and transportation project engineer Alan Robinson. This means the current volume of 1.25-million people-trips a day on the e-toll freeway network... 

Traffic on Gauteng’s freeways to grow by 50 000 trips a day in 2018

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

By: Terence Creamer     21st June 2018 Murray & Roberts (M&R) announced on Thursday that it would proceed to further develop a potential tie-up with Aveng after the Takeover Regulation Panel (TRP) sanctioned the outcome of an earlier shareholder vote, which approved a resolution stating that the proposed Aveng deal was not designed to... 

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

For OPEC, oil tariff spat is short-term gain, long-term pain

By: Reuters     21st June 2018 Opec, which has lost Chinese market share to US oil producers, should in theory view a tariff spat between Beijing and Washington as a boon. But while Opec can sell more oil to China as a result of import tariffs on US crude, in the long term the trade dispute could hit economic growth and oil... 

Zambia urges South African firms to invest in public projects

By: Reuters     21st June 2018 Zambia's finance minister urged South African firms to invest in roads and power plants in Africa's No.2 copper producer after it suspended borrowing indefinitely, slowing down the accumulation of new debt amid worries about the risk of distress. The International Monetary Fund rejected Zambia's... 

Avocado 'green gold' ripe and ready for South Africa's farmers

By: Reuters     21st June 2018 Whether you like to squash it onto your toast in the morning, millennial-style, eat it to cut your cholesterol with healthy unsaturated oil, or moisturise your face with it - if you live in the West, you're probably rarely far from an avocado. And that is very good news for South Africa's... 

Eskom wage negotiations enter final day

By: African News Agency      21st June 2018 Wage negotiations between Eskom and trade unions will on Thursday enter the final day after workers rejected the 4.7% wage offer from the embattled power utility. Trade unions on Wednesday said they presented a consolidated wage proposal to Eskom as talks resumed for a second day this week after... 

Eskom wage negotiations enter final day

Mondi says completes acquisition of Egypt's NPP in Egypt

By: African News Agency      21st June 2018 Paper and packing company Mondi said late on Wednesday it had completed the acquisition of Egypt's National Company for Paper Products (NPP) for the equivalent of €24-million on a debt and cash free basis. NPP, which operates an industrial bags plant in Giza near Cairo, will be integrated into... 

Poor people most vulnerable to climate change – economist

By: African News Agency      21st June 2018 An estimated 20-million people will be pushed into poverty because of climate change in 2030, which may possibly rocket to more than 100-million people if speedy social developments are not conducted, an economist said on Wednesday. “We estimated that 20-million people will be pushed into poverty... 

SANDF rifle linked to cash-in-transit heist, Minister Mapisa-Nqakula reveals

By: News24Wire      21st June 2018 Some South African National Defence Force (SANDF) officials fall foul of the law by losing or stealing official firearms and ammunition, and at least one of these weapons has ended up being used during a cash-in-transit heist, Minister Nosiviwe Mapisa-Nqakula revealed this week. She was... 

Western Cape govt identifies 7 possible affordable housing sites

By: News24Wire      21st June 2018 At least seven vacant plots have been identified as "possible sites for social and affordable housing" in Cape Town's southern suburbs, including Parkwood, Lotus River and Retreat. The announcement was made by Thando Mguli, head of the Western Cape Department of Human Settlements, GroundUp... 

Motsoaledi to unveil crucial health bills

By: News24Wire      21st June 2018 Universal health care may become a reality as Health Minister Aaron Motsoaledi gears up to present two bills to the public on Thursday. The Medical Schemes Amendment Bill and the National Health Insurance Bill have the purpose of ushering in a set of health-financing reforms that aim to provide... 

Motsoaledi to unveil crucial health bills
Health Minister Aaron Motsoaledi

Basil Read applies for suspension of listing

By: Reuters     20th June 2018 South African construction firm Basil Read Holdings said on Wednesday it had applied to the Johannesburg Stock Exchange for the voluntary suspension of the listing of its shares after a key unit started business rescue proceedings. The cash-strapped company announced on Friday that Basil Read... 

Basil Read applies for suspension of listing

Cost competitiveness key for a thriving energy sector

By: Anine Kilian     20th June 2018 The number of power projects across Africa and South Africa has grown in the last few years and has given rise to many opportunities, but also challenges, Trade and Industrial Policy Strategies executive director Saul Levin said on Wednesday. Speaking at the Manufacturing Indaba, in Sandton, he... 

There is hope for South Africa’s manufacturing sector – October

By: Anine Kilian     20th June 2018 South Africa has the potential to revive, remould and expand its manufacturing sector through partnerships between industry and government, Department of Trade and Industry deputy director general Lionel October said on Wednesday. Addressing delegates at the Manufacturing Indaba, in Sandton, he... 

There is hope for South Africa’s manufacturing sector – October
Photo by Creamer Media
DTI deputy director general Lionel October

Binding constraints affecting South Africa’s growth – Matona

By: Simone Liedtke     20th June 2018 There are binding constraints, including policy uncertainty, a regulatory environment that is not conducive to investment, and no sustained long-term partnerships between government and the industry, that are limiting South Africa’s growth potential, says National Planning Commission (NPC)... 

Education, NDP execution crucial in reaching development goals – Mohale

By: Simone Liedtke     20th June 2018 Out of the 400 South African companies listed on the JSE, only 212 have reported on their black economic empowerment (BEE) activities in the last two years, Business Leadership South Africa CEO Bonang Mohale said on Wednesday. National statistics, he highlighted during an address at the Vision... 

Education, NDP execution crucial in reaching development goals – Mohale
BLSA CEO Bonang Mohale

More calls for Eskom to be restructured

By: Marleny Arnoldi     20th June 2018 A South Africa-focused panel discussion at the Africa Energy Forum, in Mauritius, on Wednesday, concluded that while State-owned Eskom, as a dominant player in South Africa’s energy sector, needed to be restructured, so too did the energy industry as a whole. Panel moderator and publication house... 

Momentum in local procurement can bolster South African SMME growth

By: Schalk Burger     20th June 2018 While small, medium-sized and microenterprises (SMMEs) in South Africa do not contribute the equivalent proportion to employment or gross domestic product as those in developed countries, there are various initiatives that are helping to draw SMMEs into the formal sector and into larger supply... 

‘Prudent’ consolidation positions Accelerate for future growth – COO

By: Nadine James     20th June 2018 JSE-listed Accelerate Property Fund on Wednesday posted stable financial results for the year ended March 31, reporting a 57.56c a share distribution, in line with guidance. Since listing on the JSE in December 2013, the company’s portfolio has grown from about R5-billion to R12.3-billion,... 

SMEs invited to apply for grant funding

By: Nadine James     20th June 2018 A new application round has opened for the R12.8-million Growth Fund to boost small and medium-sized enterprise (SME) growth and job creation. The Growth Fund is a grant fund specifically aimed at growing South African SMEs that need a cash injection to scale up their businesses and create jobs.   

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