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Apr 29, 2016
Updated 26 minutes ago Cabinet has extended the contract of director general of finance Lungisa Fuzile for another five years, Minister in the Presidency Jeff Radebe said on Friday. The renewal of Fuzile’s contract was reported to hang in the balance after President Jacob Zuma reshuffled...
Apr 29, 2016
Updated 1 hour 50 minutes ago The South African Council for the Architecture Profession (Sacap) has appointed a task team to increase the participation of women in the architectural profession and deal with the gender imbalance of registered professionals. The new Women in Architecture South...
Apr 29, 2016
Updated 3 hours ago The Department of Environmental Affairs on Thursday handed over a three-year R40 million agreement to the Walter Sisulu University for a water research programme. University spokesperson, Yonela Tukwayo, said in a statement that the programme was aimed at curbing...
Apr 29, 2016
Updated 3 hours ago One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the...
Apr 29, 2016
Apr 28, 2016
In an attempt to maintain a pro-poor stance on public spending aimed at improving social development, the City of Ekurhuleni will inject R3.5-billion of its 2016 budget for into its community empowerment package, Mintirho Ya Vula Vula. Tabling the budget vote for the...
Apr 28, 2016
African private equity firms cashed in on investments last year at the highest rate in almost a decade, with South Africa, Egypt, Nigeria and Kenya accounting for two-thirds of these exits. Equity firms sold investments in 44 companies in 2015, compared to 39...
Apr 28, 2016
Transnet’s Phelophepa I and II healthcare trains are on track to reach their 12-millionth patient by the end of September, Transnet chairperson Linda Mabaso reports. To date, the ‘clinics-on-wheels’ have reached a combined 11.7-million patients since inception in...
Apr 28, 2016
Apr 28, 2016
Apr 28, 2016
Apr 28, 2016
 
 
 
Apr 28, 2016
After its official opening on Thursday morning, the Mall of Africa, in Waterfall City, Midrand, had played host to about 70 000 people by 17:00, a figure likely to double before closing, according to property developer Attacq CEO Morne Wilken. He told Engineering...
Apr 28, 2016
Around 90% of workers at the South African Post Office could go on a two-day strike next week, the Communication Workers Union (CWU) has warned. Sapo employees have not received salary increases for two years, the head of CWU Clyde Mervin told Fin24 by phone....
Apr 28, 2016
Waste tyre recycling company Mathe Group’s investment in a new multimillion-rand tyre processing facility in Hammarsdale, in KwaZulu-Natal, is expected to increase the company’s processing capacity to about 150 000 tyres a year to produce about 7 000 t/y of rubber...
Apr 28, 2016
The railways sector and government have agreed to the creation of a framework to improve the monitoring and implementation of localisation commitments associated with multibillion-rand investments being undertaken by both Transnet and the Passenger Rail Agency of...
Apr 28, 2016
Pinky Zungu
Transnet National Ports Authority (TNPA) has appointed Port of Durban’s first black female deputy harbour master – nautical, effective May 1. Pinky Zungu, who was one of the first three women in Africa to obtain a marine pilot open licence in 2011, would now be...
Apr 28, 2016
Apr 28, 2016
Outa will be going to court to defend members who received summonses for e-toll bills, including one for R8-million, it said. Organisation Undoing Tax Abuse (Outa) chairperson Wayne Duvenage told News24 that it had notified the SA Roads Agency Limited (Sanral) of its...
Apr 28, 2016
Apr 28, 2016
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...
Apr 28, 2016
The Namibian Ministry of Fisheries and Marine Resources (MFMR) has warned that illegal fishers stationed alongside Namibia’s 140-km-long Zambezi River border, which it shares with Zambia, are bleeding revenue from the country’s fishing industry. Speaking from...
 
 
 
 
Apr 28, 2016
Nigeria's Dangote Sugar Refinery plans to raise 100-billion naira ($503-million) through a mix of debt and equity by the third quarter, its chief finance officer Babatunde Ajao said on Wednesday. The company, owned by Africa's richest man Aliko Dangote, and supplies...
Apr 27, 2016
Armscor has published a tender to lease of an intercontinental VIP aircraft.
The Democratic Alliance on Wednesday expressed its displeasure over a tender issued for the lease of a VIP aircraft by Armscor. "We believe that such a procurement is wasteful and an insult to poor South Africans," said DA MP Kobus Marais in a statement.
Apr 27, 2016
South Africa is likely to be the worst performer in sub-Sahara Africa (SSA) with a projected gross domestic product (GDP) expansion of 0.7% this year. This is according to the latest outlook for the region by FocusEconomics.
Apr 27, 2016
South African power utility Eskom is not under pressure to tap international markets to help fund its 340-billion rand ($23.5-billion) five-year expansion plan, its chief executive said on Tuesday. State-owned Eskom is building new plants and transmission lines to...
Apr 26, 2016
The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals...
Apr 26, 2016
Dangote Cement, Nigeria's biggest listed company, said it aims to nearly double its production capacity over the next three years and half of its output by the end of 2019 will come from African plants outside its home market. The company, majority owned by...
Apr 26, 2016
Article contains comments
Public Enterprises Minister Lynne Brown
Government needs to retain its ownership of state-owned companies to ensure economic growth and create employment for generations to come, said Public Enterprises Minister Lynne Brown. In her budget speech for the 2016-17 financial year, Brown emphasised that South...
Apr 26, 2016
JSE-listed information and communication technology group Datatec’s shares dropped by 12.72% after the company predicted a 51% drop in headline earnings a share to 18c, from the 37c initially reported for the period. Underlying earnings a share was expected to be...
Apr 26, 2016
There is little hope that South Africa’s manufacturing, mining, electricity, construction and transport sectors will create jobs unless commodity prices strengthen, economist Mike Schüssler asserted on Tuesday. Speaking at an event hosted by union Uasa, he stated...
Apr 26, 2016
Article contains comments
Initial results of a solar photovoltaic (PV) installation at 382 Jan Smuts avenue are proving to be “exciting”, with 300 highly-efficient rooftop solar panels providing 26% of the three-storey building’s electricity requirements. The installation, managed by Spire...
 
 
 
 
Apr 26, 2016
The 2016 Sun International CEO SleepOut was launched on Tuesday in Johannesburg under the #4SouthAfricaMustRise and #Leaders4Change hashtags. It will take place on Nelson Mandela Bridge on July 28, where CEOs will spend the night on the streets, raising empathy and...
Apr 26, 2016
Petroleum giant Sasol has approved R15-million in grant funding for several strategic basic research projects at local universities and universities of technology. This followed a call to universities in September to submit research proposals for consideration under...
Apr 26, 2016
Solidarity CEO Dirk Hermann
With South Africa facing a direct “jobs bloodbath”, the peripheral consequences in the wake of the retrenchment of some 60 000 workers would be five times the impact expected, a new report by trade union Solidarity revealed on Tuesday. The current pattern and wave of...
Apr 26, 2016
Article contains comments
Public Enterprises Minister Lynne Brown
Opposition parties on Tuesday laid into Public Enterprises Minister Lynne Brown for allowing the controversial Gupta family to infiltrate South Africa’s State-owned companies. In her budget speech for the 2016-17 financial year, Brown said the government needs to...
Apr 26, 2016
A total of 143 720 new land claims had been lodged across South Africa by the end of March 2016, Chief Land Claims Commissioner Nomfundo Ntloko-Gobodo said on Tuesday. Of those, around 27 696 were lodged with the help of officials who used mobile offices to reach...
Apr 26, 2016
Article contains comments
Zambia and Zimbabwe plan to start repairs to Kariba dam in the first quarter of next year without affecting hydropower supply in either country which is generated from the reservoir, a senior World Bank official said. The Zambezi River Authority, a joint venture...
Apr 26, 2016
Terence Goodlace
Continuing mourning over the loss of the lives of six employees had completely overshadowed the encouraging progress being made to build a stronger and more robust business, Impala Platinum (Implats) CEO Terence Goodlace said on Tuesday. In the three months to March...
Apr 26, 2016
Derek Tod will step down as CEO of construction materials supplier Distribution and Warehousing Network (Dawn) on May 31. He was the founder CEO of Dawn.
Apr 26, 2016
Article contains comments
Public Enterprises Minister Lynne Brown argued in Parliament on Tuesday that, as a 60% offtaker of coal in South Africa, Eskom should be in a position to command better coal prices and lamented the fact that the State-owned utility’s coal costs were rising at levels...
Apr 26, 2016
South Africa could be losing as much as R80-billion rand a year through illicit financial outflows, State Security Minister David Mahlobo said on Tuesday. “In the past year we identified global illicit financial flows as a major security concern that knows no...
 
 
 
 
Apr 26, 2016
South Africa’s highest legal authority, the Constitutional Court, has ruled that Vodacom must compensate the inventor of the Please Call Me SMS product. The court on Tuesday morning found Vodacom was bound by an agreement with Kenneth Nkosana Makate who has said he...
Apr 26, 2016
The African Union (AU) is scheduled to hold an Extraordinary Summit on Maritime Security and Development for Africa on October 15 and 16 2016 in Lomé, Togo. The announcement was made during a meeting of the United Nations Security Council (UNSC) in New York on Monday...
Apr 26, 2016
Article contains comments
CEOs and business leaders working with government to foster inclusive growth have made significant progress in identifying new areas for investment and job creation, including the design of a funding instrument for investing in high-growth small and medium-sized...
Apr 26, 2016
Former President Thabo Mbeki
In what seemed to be a veiled reference to President Jacob Zuma, former president Thabo Mbeki has said the country’s interests needed to come before those of an individual. A national dialogue was needed to deal with the country’s problems. People needed to discuss...
Apr 26, 2016
Grounded low-cost airline Skywise announced on Monday that it is considering selling off a sizable stake in the airline. According to a statement issued by the airline, six companies have already expressed interest in such an acquisition. Of the six potential...
 
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