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Latest News

Government's economic stimulus package to be made public soon – Presidency

By: African News Agency      17th September 2018 The economic stimulus package adopted by cabinet will reprioritise government spending within the existing fiscal framework towards activities that will stimulate economic activity, the presidency said on Sunday. President Cyril Ramaphosa had "shared" with South Africa’s business and labour... 

Mandela Mining Precinct to bolster mining sector  

By: Tasneem Bulbulia     14th September 2018 JOHANNESBURG (miningweekly.com) – Science and Technology Minister Mmamoloko Kubayi-Ngubane on Friday stressed the need for the mining industry to embrace the Fourth Industrial Revolution. Speaking at the launch of the Mandela Mining Precinct, in Melville, Johannesburg, she reassured the industry... 

Mandela Mining Precinct to bolster mining sector
Science & Technology Minister Mmamoloko Kubyi-Ngubane discusses the role of the Mandela Mining Precinct in driving innovation in South Africa, while Mining Equipment Manufacturers of South Africa chairperson Freddy Mugeri talks about exporting products from South Africa. Video: Nicholas Boyd; Editing: Christo Greyling.

Pan African expects lower earnings

By: Martin Creamer     14th September 2018 Gold mining company Pan African on Friday advised shareholders that earnings in the 12 months to June 30 are expected to be lower than for the corresponding period last year. But the challenging operational environment has been ameliorated by the pouring last month of the first gold at the newly... 

Pan African expects lower earnings
Photo by Creamer Media
Pan African CEO Cobus Loots

DST prioritises innovation in new draft White Paper 

14th September 2018 Creamer Media's Chanel de Bruyn speaks to Creamer Media Senior Deputy Editor Rebecca Campbell about the contents of the new draft White Paper on Science, Technology and Innovation. 

DST prioritises innovation in new draft White Paper
DST prioritises innovation in new draft White Paper

Poland says door open for South African investors

By: Simone Liedtke     14th September 2018 Poland is open for business and remains committed to open trade between Poland and South Africa, Polish Ambassador to South Africa Andrzej Kanthak said on Friday. Speaking to delegates at the JSE’s first country investment day, in Johannesburg, which focussed on business relations between South... 

Trailblazers, innovators win awards at GIL

By: Kim Cloete     14th September 2018 Trailblazers, innovators and entrepreneurs have been honoured with Best Practices Awards by global market research and consulting firm Frost & Sullivan. The company held its Growth, Innovation and Leadership awards banquet, in Cape Town, this week, to recognise the achievements of people in South... 

Vinyl association appoints Spangenberg CEO

By: Schalk Burger     14th September 2018 Local product responsibility organisation the Southern African Vinyls Association (Sava), which represents the local polyvinyl chloride (PVC) industry, announced on Thursday that it had appointed Polystyrene Association of South Africa CEO Adri Spangenberg as its new CEO. Spangenberg was... 

Nedlac provides update on legislative changes, stresses need to cooperate to grow economy

By: Marleny Arnoldi     14th September 2018 Labour Minister Mildred Oliphant has announced that the Equity Act will be amended, following a report by the South African Human Rights Commission that found some policies around affirmative action unconstitutional and not aligned with international best practice. She said, in her opening... 

Nedlac provides update on legislative changes, stresses need to cooperate to grow economy
Labour Minister Mildred Oliphant

South Gauteng High Court overturns Nedlac decision on Solidarity strike

By: Schalk Burger     14th September 2018 The South Gauteng High Court, in Johannesburg, on Friday overturned the National Economic Development and Labour Council’s (Nedlac’s) decision to reject trade union Solidarity’s application for all of its members at all places of work to be permitted to lawfully participate in protest action in... 

Rand Water loses appeal on provision of piped water to Blyvooruitzicht village

By: Schalk Burger     14th September 2018 The Constitutional Court dismissed an appeal, brought by Gauteng water utility Rand Water, against an order of the Pretoria High Court preventing the disconnection of the piped water supply to the Blyvooruitzicht mining village, a distressed mining community of about 6 000 people located west of... 

State companies, small businesses must be global players in ICT, says minister

By: African News Agency      14th September 2018 The South African government was working to position state entities and small businesses as global players in the field of information and communication technology (ICT), according to telecommunications minister Siyabonga Cwele. “Our priority focus is to demonopolise the electronic and... 

State companies, small businesses must be global players in ICT, says minister
Telecommunications Minister Siyabonga Cwele

Mabuza: 'Surgical and difficult austerity measures' may be necessary

By: News24Wire      14th September 2018 Deputy President David Mabuza said on Friday during his address to the annual Nedlac conference in Johannesburg that the state may have to implement "surgical and difficult austerity measures”. He also called on local South African companies with cash reserves to start investing in SA, saying... 

 Mabuza: 'Surgical and difficult austerity measures' may be necessary
Deputy President David Mabuza

Top trends that are likely to change the way we work and live

By: Kim Cloete     14th September 2018 Quantum computing and flying cars are two of the top trends that Frost & Sullivan has outlined within its top trends for 2018/19 at its CEO Think Tank in Cape Town.  The company has looked at trends that are changing the way we work and live. 

Ramaphosa assures diplomatic community that land reform will be done in an 'orderly manner'

By: News24Wire      14th September 2018 Land redistribution is necessary to correct the injustices of South Africa’s apartheid history, President Cyril Ramaphosa told the diplomatic community in Pretoria on Friday. "Parliament is considering whether Section 25 needs to be amended or not to allow for expropriation of land without... 

Ramaphosa assures diplomatic community that land reform will be done in an 'orderly manner'
President Cyril Ramaphosa

Bharti Airtel picks banks for London flotation of Africa business – sources

By: Reuters     14th September 2018 India's biggest mobile carrier Bharti Airtel has chosen UBS, JP Morgan and Citi to coordinate the London initial public offering of its Africa business, two sources familiar with the matter said. In February Bharti Airtel said the holding company for its Africa operations was looking at a... 

Bombardier Transportation’s electric train makes its public debut

By: Irma Venter     14th September 2018 Bombardier Transportation’s new battery-operated train, the  Bombardier Talent 3 electro-hybrid train, was introduced to the German public this week. “We want to continue to electrify rail transport. A train that can charge its batteries from the overhead line while driving is a huge step toward... 

Bombardier Transportation’s electric train makes its public debut

PIC foresees great opportunity in investing in early stage tech-driven companies

By: Kim Cloete     14th September 2018 The Public Investment Corporation (PIC) has outlined its vision for its recently launched R2-billion fund aimed at early-stage tech-driven companies. PIC executive head of research Sholto Dolamo told a Frost & Sullivan CEO Think Tank, in Cape Town, that the PIC was venturing beyond its... 

Rand continues to gain from Turkish rate hike

By: News24Wire      14th September 2018 The rand traded firmer against the dollar in early trade on Friday, as emerging market currencies continued to benefit from the rise on Turkish interest rates.  The Turkish central bank on Thursday raised the benchmark interest rate from 17.75% to 24%, which caused the lira to strengthen by 4%.   

 Rand continues to gain from Turkish rate hike

Moves under way to lift SA film industry out of the doldrums

By: Kim Cloete     14th September 2018 The South African film industry has been going through some troubled times, as local films battle to draw audiences and provinces fail to attract as many foreign film and commercial shoots as in previous years.   The hardships have propelled various partners in the film industry to work together... 

Moves under way to lift SA film industry out of the doldrums

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      14th September 2018 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

Tribunal approves OTS’s acquisition of controlling share of Chevron South Africa

By: Simone Liedtke     13th September 2018 The Competition Tribunal on Thursday approved, with conditions, the proposed merger between Off The Shelf Investments 56 (OTS) and Chevron South Africa (CSA). The approval follows after the tribunal heard the second bid to acquire the controlling 75% stake in CSA and after receiving a minor... 

Aspen sells global nutritional business

By: Tasneem Bulbulia     13th September 2018 Pharmaceutical manufacturer and supplier Aspen has concluded an agreement to sell its global nutritional business to French-based multinational dairy corporation Lactalis Group for a fully funded cash consideration of €739.8-million, or about R12.9-billion. The company disclosed this during a... 

Stimulus package to rely on efficiencies not new budgetary resources – Nene

By: Terence Creamer     13th September 2018 Finance Minister Nhlanhla Nene announced on Thursday that government was “building a pipeline of investment opportunities and infrastructure projects” as part of redoubled efforts to address low levels of investment, which had been identified as the main inhibitor of growth in the... 

Stimulus package to rely on efficiencies not new budgetary resources – Nene
Finance Minister Nhlanhla Nene

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

Moody's sees little chance of South Africa downgrade

By: Reuters     13th September 2018 Moody's said on Thursday there was little chance it would strip South Africa of its investment grade credit rating this year – giving some respite to President Cyril Ramaphosa after the economy moved into recession. But the agency – the last of the top three ratings firms to have Pretoria's... 

Moody's sees little chance of South Africa downgrade

South Africa deal flow to continue upward trend this year – Savca

By: Simone Liedtke     13th September 2018 The South African venture capital industry exceeded the R1-billion mark for the first time in 2017 – investing R1.16-billion, the Southern Africa Venture Capital and Private Equity Association’s (Savca’s) ‘2018 Venture Capital Industry Survey’ reveals. The annual publication highlights start-up... 

Sygnia shares start trading on A2X

By: Simone Liedtke     13th September 2018 Investment management company Sygnia’s shares began trading on South African stock exchange A2X on Thursday, with the company becoming the eleventh issuer to secondary list on the exchange. Sygnia, which is based in South Africa, retains its primary listing on the JSE. 

Forensic identification results into CTown munitions explosion almost ready

By: African News Agency      13th September 2018 The results of a forensic identification into the deadly explosion at the Rheinmetall Denel Munition (RDM) munitions factory in Cape Town nine days ago will be released later this week. The management of RDM hosted a lunch on Wednesday for the families affected by the explosion which claimed the... 

Radebe moots shale gas exploration as answer to high fuel price

By: African News Agency      13th September 2018 Energy Minister Jeff Radebe on Wednesday called for all impediments to shale gas exploration to be removed as part of the government's response to the record high in the fuel price. Radebe told a debate in the National Assembly on the fuel price, the main driving factor was the current policies... 

ARC Fund to act as ‘anchor investor’ in London listing of South African phosphate mine

By: Terence Creamer     13th September 2018 African Rainbow Capital Investments (ARC) has announced that its ARC Fund will participate as the ‘anchor investor’ in the upcoming London listing of the Elandsfontein phosphate mine, which is located on South Africa’s West Coast. ARC Investments, which released its maiden set of result on... 

ARC Fund to act as ‘anchor investor’ in London listing of South African phosphate mine
Elandsfontein phosphate mine

Jaguar launches R30m EV charging network in SA

By: Irma Venter     13th September 2018 Jaguar, in partnership with electric vehicle (EV) charging company GridCars, will install 82 new public charging stations for EVs and plug-in hybrid vehicles (PHEVs) in the country’s major hubs, as well as along frequently-travelled holiday routes. The R30-million infrastructure investment should... 

Jaguar launches R30m EV charging network in SA
Jaguar's EV network coverage

India's steel minister wants import duty on coking coal scrapped

By: Reuters     13th September 2018 India's steel minister said on Thursday he wanted the finance ministry to scrap the 2.5% duty on imports of coking coal, a key steelmaking raw material, to limit input costs. "We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5% to 2%." 

Easing of water restrictions will restore international investor confidence in Cape Town

By: News24Wire      13th September 2018 The easing of the stringent water restrictions will restore international confidence in Cape Town as a destination for tourism and investment, say business leaders. But it will take hard work getting the message out there. Tim Harris, CEO of Wesgro, the agency that promotes tourism, trade and... 

Easing of water restrictions will restore international investor confidence in Cape Town

PRASA commits to paying R16m for special Rail Enforcement Unit

By: News24Wire      13th September 2018 The Passenger Rail Agency of SA (PRASA) says it is fully committed to its part in the establishment of a special Rail Enforcement Unit, pledging to pay its R16-million contribution towards the deployment of an additional 100 officers. The rail agency's contribution, which it reaffirmed at a... 

Mpact provides peek inside paper, plastic recycling operations  

13th September 2018 Paper and packaging company Mpact earlier this month hosted media for a tour inside its paper mill recycling facility in Springs, which also happens to be the biggest recycling plant in South Africa. Marleny Arnoldi tells us more. 

Mpact provides peek inside paper, plastic recycling operations
Mpact provides peek inside paper, plastic recycling operations

Implats reports after-tax loss on impairments

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats) on Thursday reported improved gross profit of R1.6-billion but an after-tax loss on impairments. Impairments of R13.6-billion, mainly due to the restructuring of Impala Rustenburg, resulted in an after-tax loss of R10.8-billion. 

Implats reports after-tax loss on impairments
Implats CEO Nico Muller

Zest WEG Group achieves Level 1 BBBEE status

By: Simone Liedtke     12th September 2018 Motors and controls manufacturer WEG’s subsidiary, Zest WEG Group, on Wednesday announced that it has achieved Level 1 status under the Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice. The achievement follows just over a year after Zest WEG reached Level 2 status, in... 

Zest WEG Group achieves Level 1 BBBEE status
Photo by Dylan Slater
Zest WEG CEO Louis Meiring and logistics and operations director Juliano Vargas

Union to approach High Court to allow all members to strike in solidarity with Sasol employees

By: Marleny Arnoldi     12th September 2018 Trade union Solidarity will approach the High Court in Johannesburg on Thursday for the right of its 180 000 members to go on strike in solidarity with Sasol employees, who have been on strike since earlier this month. This follows after the National Economic Development and Labour Council... 

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