http://www.engineeringnews.co.za
R/€ = 15.94 Change: -0.37
R/$ = 13.77 Change: -0.34
Au 1276.11 $/oz Change: -4.19
Pt 869.50 $/oz Change: -15.98
 

Latest News

Cash-in-transit heists could lead to losses of R470m, Parliament hears

By: News24Wire      14th June 2018 Cash-in-transit heists will lead to cash losses of R470-million this year if the current trend continues, the Portfolio Committee on Police heard on Wednesday. The meeting brought together a range of stakeholders concerned with cash-in-transit heists, including the South African Banking Risk... 

Attacq continues to develop Waterfall City

By: Anine Kilian     13th June 2018 Construction and development of JSE-listed Attacq’s Waterfall City is ongoing, with new infrastructure including roads, residential properties and warehouses continuously in the pipeline. During a tour of the Waterfall City precinct on Wednesday, head of development Giles Pendleton said the last... 

Attacq continues to develop Waterfall City

Business trading conditions remain weak – index

By: Marleny Arnoldi     13th June 2018 Trade conditions for businesses remained weak in May, says the South African Chamber of Commerce and Industry (Sacci).  

Nissan announces Africa, Middle East and India expansion plans

By: Nadine James     13th June 2018 Nissan on Wednesday unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year midterm plan. The automotive manufacturer aims to build on its strengths and “solid profit margins” in markets including South Africa, India, the United Arab... 

TMH invests R500m into South African rail manufacturing facility

By: Simone Liedtke     13th June 2018 As part of its international growth strategy, Russian rolling stock manufacturer Transmashholding (TMH) on Wednesday launched its R500-million investment in a South African manufacturing facility through its newly acquired subsidiary, TMH Africa. TMH Africa, which is 70% owned by TMH and 30%... 

TMH invests R500m into South African rail manufacturing facility
(Left to Right) Mjisa Investments Director Sam Bhembe, TMH International CEO Martin Vaujour and TMH Africa CEO Jerome Boyet

Growthpoint Healthcare launches with R2.4bn portfolio

By: Nadine James     13th June 2018 Growthpoint Properties has launched South Africa’s first unlisted healthcare real estate investment trust (Reit), Growthpoint Healthcare Property Holdings, which already holds five assets valued at R2.4-billion. The introduction of Growthpoint Healthcare has received strong market interest with... 

Growthpoint Healthcare launches with R2.4bn portfolio

ACSA continues to work with African partners in developing airports 

By: Kim Cloete     13th June 2018 The Airports Company South Africa (ACSA) says it is working with its counterparts in Mozambique, Zambia and Ghana on the commissioning of airports. ACSA COO Fundi Sithebe says the company is assisting the Zambian government in commissioning its Kenneth Kaunda International Airport, as well as... 

African airlines boost routes but fare poorly financially

By: Kim Cloete     13th June 2018 African airlines have notched up an encouraging number of new routes, but are still in a poor financial position overall, the Aviation Development Conference, AviaDev, has heard. In a keynote address on the outlook for the industry, Embraer Commercial Aviation sales director Gad Wavomba, said... 

More airlines fly into Cape Town, connecting countries in Africa

By: Kim Cloete     13th June 2018 Two African airlines have launched flights to Cape Town over the past month, bringing more business and tourism opportunities to the Mother City. Kenya Airways launched a nonstop direct flight from Nairobi to Cape Town on June 6. The new service operates a Boeing 737-800. This is in addition to... 

South African company develops new generation field kitchens for army

By: Rebecca Campbell     13th June 2018 South African company Desert Wolf has started Phase 2 of its contract to design, manufacture and deliver stainless steel diesel-fired field kitchens to the South African National Defence Force, ordered under Project Teamster. The company only uses stainless steel to make its trailers. “During... 

South African company develops new generation field kitchens for army
Photo by Desert Wolf
One of the new Desert Wolf field kitchens for the South African Army

South Africa’s ratification of TFTA to solidify regional integration – DTI

By: Marleny Arnoldi     13th June 2018 The ratification of the Tripartite Free Trade Area (TFTA) agreement by South Africa will send a strong signal of the country’s commitment to regional integration, Trade and Industry Africa multilateral economic relations chief director Wamkele Mene told members of the Portfolio Committee on Trade... 

Kenya's Centum to finalise power plant funding this year

By: Reuters     13th June 2018 Kenya's Centum Investment Company said on Wednesday a $2-billion, 1 000 MW coal-fired power plant it has a stake in is expected to reach financial close this year. The Amu Power consortium that includes Centum, won a contract to build the plant in Lamu. The project has attracted criticism from... 

Electricity situation ‘tense but stable’ – Eskom

By: Marleny Arnoldi     13th June 2018 State-owned power utility Eskom’s power stations and other critical facilities continue to operate optimally, in line with the contingency measures put in place to ensure security of power supply during a period of “wildcat strikes”.  

Electricity situation ‘tense but stable’ – Eskom
Business as usual at Eskom, despite union protests

CIPC launches Extensible Business Reporting Language to relieve regulatory burden

By: Marleny Arnoldi     13th June 2018 The ease of doing business and particularly reducing the regulatory burden for businesses received a boost with the launch of the Companies and Intellectual Property Commission’s (CIPC’s) Extensible Business Reporting Language (XBRL) this week.  

CIPC launches Extensible Business Reporting Language to relieve regulatory burden
Trade & Industry Minister Dr Rob Davies at the XBRL launch, JSE

Q2 business confidence falls six points to 39 – RMB/BER

By: Reuters     13th June 2018 A South African business confidence index fell in the second quarter by six points, a survey showed on Wednesday, a sign the economy was struggling amid hopes that President Cyril Ramaphosa would help revitalise the country and attract investment. The Rand Merchant Bank (RMB) business confidence... 

MTN aims to launch mobile service in Namibia around August

By: Reuters     13th June 2018 MTN Group, Africa's biggest mobile telecoms firm, is aiming to launch a mobile service in Namibia around the end of August, a company executive told Reuters. Currently state-owned operator MTC dominates in Namibia, a country of two-million people. 

Digital revolution sees ticketless rail future, says Trenitalia

By: Irma Venter     13th June 2018 The digital revolution will soon affect rail operations at a station and ticketing level, said Trenitalia passenger affairs deputy director Enrico Trapazzo at Africa Rail, held in Johannesburg, on Wednesday. Barrier-less ticketing will enable passengers to walk straight through a station and... 

Medium-speed rail systems sufficient for Africa, most continents

By: Irma Venter     13th June 2018 Most continents, Africa included, should be “adequately serviced” by rail systems operating at speeds of between 150 km/h to 250 km/h, says Louis Berger Group rail programmes technical VP Vinay Mudholkar. Mudholkar is also a former Amtrak director and All Aboard Florida senior VP. 

Sea Harvest to acquire fishing business, stake in subsidiaries of Viking Fishing

By: Marleny Arnoldi     13th June 2018 A consortium of broad-based black economic empowerment investors, led by fishing and food business Sea Harvest together with its subsidiary Sea Harvest Corporation, has entered into sale agreements with Viking Fishing Holdings to acquire the fishing business and selected shareholdings of Viking... 

Mining companies combating malaria scourge – ICMM

By: Martin Creamer     13th June 2018 Mining companies are taking firm steps to help combat the scourge of malaria, which affects 3.3-billion people worldwide and kills a child every 30 seconds. International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton reports that: 

Mining companies combating malaria scourge – ICMM
International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton.

WTO chief warns of global downturn if trade dispute escalates

By: Reuters     13th June 2018 If the trade conflict between the United States and other countries intensifies, it could negatively impact the global economy and there are indications this is already happening, the head of the World Trade Organization warned. Asked if there was a risk for the global economy, WTO... 

Govt commits to saving jobs in steel industry 

By: African News Agency      13th June 2018 The South African government said on Tuesday that it will continue to work with the steel industry towards averting job losses in the sector, adding that it has put in place measures to save the steel industry from collapsing.  This emerged when officials from the Department of Trade and Industry... 

Govt commits to saving jobs in steel industry

NUM, Numsa reject Eskom wage offer, want Ramaphosa to intervene

By: African News Agency      12th June 2018 The National Union of Mineworkers (NUM) and National Union of Metalworkers of South Africa (Numsa) on Tuesday officially rejected Eskom's zero percent wage offer, saying that the state-owned power utility cannot plead poverty because it was "dealing with a self-imposed crisis". Last week, wage... 

NUM, Numsa reject Eskom wage offer, want Ramaphosa to intervene

Solidarity-ETM labour market index shows drop in job, wage security

By: Marleny Arnoldi     12th June 2018 Trade union Solidarity and ETM Analytics’ Labour Market Index (LMI), in the first quarter of this year, halted its continuing improvement since the first quarter of 2016.  

Barloworld concludes sale of Iberian Equipment operations

By: Anine Kilian     12th June 2018 The sale of JSE-listed Barloworld’s lossmaking Iberian Equipment operations to Italian group for R2.18-billion has closed. “The closing of the sale of Iberia is the first milestone in redeploying the group’s capital,” the company said in a statement on Tuesday. 

IMF says South Africa should spell out land reform plans to remove uncertainty

By: Reuters     12th June 2018 The International Monetary Fund (IMF) said on Tuesday that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment. South Africa's ruling African National Congress has said it plans to redistribute land without... 

IMF says South Africa should spell out land reform plans to remove uncertainty

Exemplar lists on JSE main board

By: Simone Liedtke     12th June 2018 Despite volatility in the current market, real estate investment trust (Reit) Exemplar REITail on Tuesday listed in the retail Reit sector of the main board of the JSE. Exemplar MD Jason McCormick on Tuesday said the listing will allow the company to stand alongside the “giants of commerce and... 

Exemplar lists on JSE main board
Photo by Dylan Slater
(Left-to-Right) JSE Capital Markets Director Donna Nemer, Exemplar MD Jason McCormick and Exemplar Executive Director John McCormick

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

PetroSA's GTL refinery could run out of natural gas in two years

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

African rail operators should jump to digital networks, says DB venture architect 

By: Irma Venter     12th June 2018 Similar to large parts of Africa jumping to mobile/phone-based Internet instead of using fixed-line access first, African railway operators should, from the onset, build systems that make use of the recent advances in technology, says Deutsche Bahn (DB) senior venture architect Henning Seeschaaf.... 

US embassy warns citizens to consider leaving district in north Mozambique

By: Reuters     12th June 2018 The US embassy in Mozambique said Americans should consider leaving a northeastern district close to a major gas field as imminent attacks are likely after suspected Islamist militants beheaded ten people and killed seven others since May. Any sign of militant activity is a concern for the... 

US embassy warns citizens to consider leaving district in north Mozambique

China's Tsingshan mulls $1bn steel plant in Zimbabwe

By: Reuters     12th June 2018 China's unlisted Tsingshan Holding Group on Monday signed a $1-billion outline agreement with Zimbabwe to build a steelmaking plant there after completing a feasibility study. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to... 

Eskom scrambles with contingency plans as workers strike looms

By: African News Agency      12th June 2018 South African state-owned power utility Eskom said on Tuesday it had put in place contingency measures to mitigate the impact of a planned strike by workers unions over the company's proposal not to increase wages. "Eskom has noted the statements made by the trade unions about their intentions to... 

Eskom scrambles with contingency plans as workers strike looms

Stor-Age reports continued strong trading results for FY18

By: Marleny Arnoldi     12th June 2018 Real estate investment trust Stor-Age has reported an 11.1% year-on-year total dividend increase to 97.8c a share for the year ended March 31.  

Stor-Age reports continued strong trading results for FY18
Stor-Age CEO Gavin Lucas

IMF's Lagarde says global economic outlook darkening by the day

By: Reuters     12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... 

IMF's Lagarde says global economic outlook darkening by the day
Photo by Reuters
IMF MD Christine Lagarde

Germany sees no quick solution to trade row with US, open to talks

By: Reuters     11th June 2018 Germany sees no immediate solution to the trade dispute between the United States and other major economies but remains open to talks "among friends", Economy Minister Peter Altmaier said on Monday, seeking to head off a full-blown global trade war. US President Donald Trump backed out of a joint... 

'No sacred cows': SAA boss plans deep cuts

By: Reuters     11th June 2018 Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan. Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio... 

'No sacred cows': SAA boss plans deep cuts

Davies bemoans corruption’s undermining of industrial policy capability

By: Marleny Arnoldi     11th June 2018 Trade and Industry Minister Dr Rob Davies on Monday said corruption undermines industrial policy capabilities.  

Davies bemoans corruption’s undermining of industrial policy capability
Trade and Industry Minister Dr Rob Davies

More Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close