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Latest News

Volkswagen names fives winners in empowerment supplier project

By: Irma Venter     30th November 2017 Volkswagen Group South Africa (VWSA) has crowned five black-owned component supplier companies as the winners in its Ntinga Project. The Ntinga Project was launched on October 19, with the announcement of ten finalists. These finalists were each provided mentorship by an existing VWSA supplier,... 

Hendrina power station may not have adequate coal, no load-shedding seen

By: Reuters     30th November 2017 South African State-owned power utility Eskom said on Thursday coal stock at its Hendrina power station might be lower than the 20-day supply requirement, but rolling power cuts known locally as load shedding were not likely. Eskom may be forced to resume the nationwide electricity cuts that... 

Hendrina power station may not have adequate coal, no load-shedding seen

Academy of engineers calls for nuclear procurement halt until IRP consensus is reached

By: Terence Creamer     30th November 2017 The South African Academy of Engineering (SAAE) has called for a moratorium on the procurement of new electricity generation capacity, including nuclear power, until consensus has been reached on a new Integrated Resource Plan (IRP), which should be the outcome of “proper consultation in an open... 

Academy of engineers calls for nuclear procurement halt until IRP consensus is reached
Photo by Duane Daws
Energy Minister David Mahlobo

Water cuts: Treasury can't write off municipal debt

By: News24Wire      30th November 2017 National Treasury told Parliament on Wednesday that it cannot write off the debt of 30 municipalities facing possible water cuts next month. Water and Sanitation Minister Nomvula Mokonyane on Monday said at least 30 municipalities would experience water cuts if they failed to pay their debt... 

Lafarge Africa aims to cut debt with first equity sale in decade

By: Reuters     30th November 2017 Lafarge Africa will use part of the proceeds of a 131.65-billion naira ($415-million) rights issue to cut debt by around $270-million, almost halving its foreign currency exposure, the cement maker said in its offer document. The local unit of Franco-Swiss group Lafarge Holcim is offering five... 

Ansys boosts its IP, skills to capture future business

By: Schalk Burger     29th November 2017 AltX-listed digital technology solutions company Ansys has invested in developing its intellectual property (IP) and human capital to capture new business as a result of the digitalisation of operations in the sectors in which it operates, Ansys Group CEO Teddy Daka said during a presentation of... 

Civil rights groups voice opposition to ‘rushed’ Energy Indaba

By: Megan van Wyngaardt     29th November 2017 Twenty-three South African civil rights and environmental activist groups have sent a letter to Energy Minister David Mahlobo seeking clarity on the nature and purpose of the upcoming Energy Indaba, scheduled for December 7 to 8 in Johannesburg. “It appears that the indaba will relate to the... 

Civil rights groups voice opposition to ‘rushed’ Energy Indaba

Governments largest developers of Africa’s infrastructure projects

By: Creamer Media Reporter      29th November 2017 Governments remain the single largest developers of infrastructure projects – and own between 57% and 90% of tracked projects – across Africa, the 2017 edition of Deloitte’s ‘Africa Construction Trends’ report has found. The report, released on Wednesday, includes 303 infrastructure projects... 

Governments largest developers of Africa’s infrastructure projects

Integrated, regional approach needed for mine water treatment – DWS

By: Mia Breytenbach     29th November 2017 Government and regulators should promote a regional integrated approach to mine water treatment, says Department of Water and Sanitation (DWS) Mine Water/Water Quality Management chief director Marius Keet. Speaking at the Science Business Society Dialogue Conference on Linking Science, Society,... 

South Africa assesses battery energy storage prospects 

     29th November 2017 Creamer Media’s Samantha Herbst talks to Engineering News editor Terence Creamer about the future of battery energy storage in South Africa. 

South Africa assesses battery energy storage prospects
South Africa assesses battery energy storage prospects

Sandown Capital lists on the JSE

By: Creamer Media Reporter      29th November 2017 Investment holding company Sandown Capital has listed in the Equity Investment Instruments sector on the main board of the JSE. The company, which was unbundled from JSE-listed Peregrine Holdings to pursue its own listing, became the eighteenth company to invest on the JSE this year and the tenth... 

National Treasury appoints new acting Budget Office DDG

By: Megan van Wyngaardt     29th November 2017 Following Michael Sachs’ request to be transferred to other areas of public service earlier this month, the National Treasury Budget Office has appointed Ian Stuart to succeed Sachs as deputy director-general. Stuart is currently the chief director for fiscal policy in the Budget Office within... 

National Treasury appoints new acting Budget Office DDG

AfDB approves $160m loan for second Nairobi runway

By: Reuters     29th November 2017 The African Development Bank (AfDB) has approved a $160-million loan to Kenya for building a second runway at the main airport in the capital Nairobi, the bank said on Wednesday. The Jomo Kenyatta International Airport (JKIA) has a single runway and plans for a second one were first announced in... 

Crookes Brothers profits down on lower sugar cane revenue

By: African News Agency      29th November 2017 Agricultural firm Crookes Brothers said on Wednesday its after-tax profit decreased by 70.5% to R26.4 million in the six months ended September 2017, driven down by a decline in sugar cane revenue in the aftermath of drought. Crookes however said it expected results for the full year to March... 

SA municipal union worried about looming water cuts

By: African News Agency      29th November 2017 The South African Municipal Workers Union (Samwu) on Wednesday said it was disappointed by the water and sanitation department's plan to cut off water supplies to defaulting municipalities. General secretary Simon Mathe described the move as "an evil plan" which would leave millions of South... 

 SA municipal union worried about looming water cuts

Molefe's R30m pension was unlawful, must pay back – DA

By: African News Agency      29th November 2017 South Africa's official opposition, the Democratic Alliance (DA) on Wednesday told the High Court in Pretoria that the R30.1-million pension granted to former Eskom CEO Brian Molefe was unlawful. "He told the whole nation and the minister [Public Enterprises ... Minister Lynne Brown] that he was... 

 Molefe's R30m pension was unlawful, must pay back – DA
Photo by Duane Daws
Former Eskom CEO Brian Molefe

SAA's debt at R13.8bn, losses to widen – executives

By: Reuters     29th November 2017 Losses at South African Airways (SAA) are set to widen to R4-billion ($292.86 million) in 2017/18 from a previous estimate of R2.8-billion, the State airline's CFO said, piling further pressure on government finances. Last week, SAA said even with a government injection of R10-billion, the... 

Highveld agrees to Competition Commission-proposed R1m penalty

By: Creamer Media Reporter      29th November 2017 Embattled steel producer Evraz Highveld Steel has agreed to pay a R1-million administrative penalty for conduct allegedly amounting to price fixing and market allocation with ArcelorMittal South Africa (AMSA). The Competition Commission on Wednesday said it had recommended the approval of the... 

Highveld agrees to Competition Commission-proposed R1m penalty

Big development push for electric propulsion for airliners by European groups

By: Keith Campbell     29th November 2017 European aerospace giant Airbus, British high performance power systems company Roll-Royce and German engineering and technology business Siemens have partnered to develop a hybrid-electric propulsion system for commercial aircraft. This is intended to be test flown in the near term, the three... 

Big development push for electric propulsion for airliners by European groups
Photo by Airbus
An artist’s impression of the flight demonstrator aircraft; the electric motor is the inner engine

Only 7% of Transnet's senior supply chain staff have been vetted

By: News24Wire      29th November 2017 Transnet has only vetted seven percent of senior staff who handle supply chain management, despite a 2014 Cabinet directive to vet all employees in that field. Transnet CEO Siyabonga Gama told the standing committee on public accounts (Scopa) on Tuesday that only 56 of the more than 750 senior... 

Capetonians failing to stick to water consumption targets

By: News24Wire      29th November 2017 Less than half of Cape Town’s residents adhered to the City’s 87 litres per day individual water consumption targets in the last two weeks, according to Mayor Patricia de Lille. In the City’s weekly water updates, De Lille said on Tuesday only 36% of Capetonians used less than 87 litres of water... 

R22.5m for VVIP flights: Defence dept overspends budget

By: News24Wire      29th November 2017 The Department of Defence has overspent on VVIP flights by R22.5-million since 2015, a parliamentary reply has revealed. DA defence and military veterans spokesperson Kobus Marais submitted questions to Minister of Defence and Military Veterans Nosiviwe Mapisa-Nqakula asking how much she had... 

Pretoria court to hear application for Molefe to reimburse Eskom

By: African News Agency      29th November 2017 Former Eskom CEO Brian Molefe’s court action to repay his R30.1-million pension, has been set down to be heard in Pretoria’s North Gauteng High Court for three days, starting on Wednesday. Molefe was taken to court by Solidarity, the Democratic Alliance and the Economic Freedom Fighters, which... 

Koko disciplinary hearing 'fair and transparent' - Eskom

By: African News Agency      29th November 2017 Stung by criticism, Eskom on Wednesday issued a statement declaring that it's disciplinary hearing of its suspended group executive, Matshela Koko, was being conducted in "a fair, professional, and transparent manner". The power utility said it "has noted with great concern" some media reports... 

Fur flies as cheetah races electric Formula E car

By: Reuters     29th November 2017 The cheetah is renowned for being the world's fastest mammal, but is also one of its most endangered species. Organisers of the environmentally friendly Formula E racing series recently set up a race between one of their cars and a tame cheetah to highlight the impact of climate change on the... 

Nampak delivers ‘credible’ FY17 performance despite difficult trading environment

By: Megan van Wyngaardt     28th November 2017 In light of the current macroeconomic circumstances, packaging company Nampak has delivered a “credible” financial performance for the year ended September 30, CEO André de Ruyter said on Tuesday, adding that the company had increased its trading profit by 2% to R2-billion. He further noted... 

Nampak delivers ‘credible’ FY17 performance despite difficult trading environment
Photo by Duane Daws
Nampak CEO Andre de Ruyter

Grid operators turning to batteries as costs fall and need for flexibility rises

By: Terence Creamer     28th November 2017 The standalone cost of battery energy storage remains above South Africa’s prevailing, albeit rising, electricity tariffs, but could already be commercially viable in some instances when the “stacked benefits” of the technology are taken into account. A levelised cost of electricity (LCOE) study... 

Grid operators turning to batteries as costs fall and need for flexibility rises
Photo by Duane Daws
Eskom's battery energy storage test site at Rosherville, in Gauteng

DTI warns large-scale job creation not as simple as it seems

By: Dylan Slater     28th November 2017 The structure of the South African economy does not allow for the creation of large numbers of jobs, nor can it support a large number of new jobs at appropriate skills levels, the ‘State of Manufacturing 2017’ report has shown. One of the major reasons for the inability to create a large number... 

Long4Life acquires beverage producer Chill

By: Natasha Odendaal     28th November 2017 JSE-listed Long4Life has acquired beverage producer, packer and distributor Chill Holdings from Chill’s management, Africa Beverage Ventures and Raubenbe, for at least R452-million, after deducting net debt of R182-million. The transaction, effective from the locked-box date of July 1, 2017,... 

AfDB launches youth advisory group to tackle joblessness

By: African News Agency      28th November 2017 The President of the African Development Bank Group (AfDB) in Côte d'Ivoire, Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth. In a statement on Tuesday, AfDB said the “Jobs for Youth in... 

MPs call for Parliamentary probe into Transnet–Gupta links

By: African News Agency      28th November 2017 Members of Parliament (MPs) from across the political divide on Tuesday called for a probe into allegations of State capture at South African State-owned freight and logistics company, Transnet. Transnet group chief executive Siyabonga Gama and his team appeared before Parliament’s standing... 

Huge Group appoints new Huge Telecom MD

By: Natasha Odendaal     28th November 2017 JSE-listed Huge Group has appointed MTN deputy CFO Gunter Engling MD of Huge Telecom. His appointment will be effective April 1, 2018, following the completion of his notice period with MTN. 

Omnia delivers double-digit H1 growth

By: Natasha Odendaal     28th November 2017 JSE-listed Omnia on Tuesday posted double-digit growth in earnings for the first half of the 2018 financial year as the agriculture segment normalised after harsh drought conditions ended and the mining segment started to show signs of improvement. Profit after tax increased by 27% to... 

Ramos hits back after Public Protector guns for ABSA

By: News24Wire      28th November 2017 ABSA CEO Maria Ramos said the bank will seek a punitive cost order if Public Protector Busisiwe Mkhwebane continues to defend the Bankorp/CIEX report. This was revealed in ABSA’s responding affidavit in the North Gauteng High Court on Monday, which accused Mkhwebane of unlawful conduct in her... 

 Ramos hits back after Public Protector guns for ABSA
ABSA CEO Maria Ramos

Volvo Cars owner buys US flying car aspirant, targets 2019 launch

By: Irma Venter     28th November 2017 China’s Zhejiang Geely Holding Group (Geely) will acquire the operations and assets of Terrafugia, a US-based company focused on the engineering and production of flying cars and other future technologies. Geely also owns Lotus and Volvo Cars, and sells taxis under the London Taxi brand. 

Volvo Cars owner buys US flying car aspirant, targets 2019 launch
The Terrafugia VTOL

Eskom links Medupi new coal-fired unit to national grid

By: Reuters     28th November 2017 Eskom has linked unit four of its Medupi coal power station, which has been marred by delays, to the grid, the State-owned power utility said on Tuesday. The coal-fired unit in South Africa's Limpopo province is a rare example of a Medupi project that has been completed ahead of time. It was... 

South Africa's Q4 business confidence slips slightly

By: Reuters     28th November 2017 South African business confidence slipped deeper into negative territory in the fourth quarter, with an improvement in motor trade confidence offset by weakness in retail, building contractors and manufacturing, a survey showed. The Rand Merchant Bank (RMB) business confidence index compiled by... 

Rand bulls hold sway, at least until ANC's December ballot

By: News24Wire      28th November 2017 Rand bulls will win out over rand bears, at least for the next few weeks. That’s the view of analysts from Credit Agricole CIB and Toronto-Dominion Bank on the back on the rand’s best day in almost two years after Moody’s Investors Service kept South Africa’s local rating investment grade.... 

 Rand bulls hold sway, at least until ANC's December ballot

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