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Latest News

Sasol, Indian companies join EP100 global energy saving initiative

By: Marleny Arnoldi     10th September 2018 Petrochemicals giant Sasol and Indian companies UltraTech Cement, Mahindra Vehicle Manufacturers, Mahindra Heavy Engines and Godrej Industries and Associate Companies (Gilac) on Monday pledged to put energy efficiency at the heart of their business growth strategies by joining EP100. EP100 is a... 

Govt to accelerate licensing of new radio spectrum – Ramaphosa

By: Reuters     10th September 2018 President Cyril Ramaphosa said on Monday that the government will accelerate the long-delayed licensing of radio frequency spectrum to mobile operators. Allocation of spectrum is seen as key to expanding broadband services in Africa's most industrialized economy, where the high cost of... 

MTN CEO confident about Nigeria dispute as firm applies for injunction

By: Reuters     10th September 2018 Telecoms firm MTN Group said on Monday it was confident a multi-billion dollar dispute with the Nigerian government would be resolved even as it applied for a court injunction to protect its Nigerian assets. Nigeria's central bank last month ordered MTN's Lagos-based unit to hand over... 

Aveng shareholders vote in favour of 14bn shares issue to pay off debt

By: Marleny Arnoldi     10th September 2018 Construction group Aveng’s shareholders on Monday voted in favour of the resolutions that will give effect to the specific issue of 14.5-billion Aveng ordinary shares. These shares will be issued to the company’s existing bondholders as part of a process that will see the early redemption of... 

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

Afrox achieves double-digit HEPS growth amid subdued economic environment
African Oxygen (Afrox) MD Schalk Venter speaks to Engineering News Online about the company’s interim results, and upcoming investment plans. Video & Editing: Darlene Creamer

Shift to renewables to become a growing trend in the mining sector

By: Tasneem Bulbulia     10th September 2018 Owing to a reduction in renewable energy costs, the prospect of a more reliable power supply and an increasingly favourable regulatory environment in key mining markets, renewable energy is anticipated to play an increasingly important role in powering mining operations worldwide over the coming... 

Local manufacturing expo to bolster exports, economy

By: Tasneem Bulbulia     10th September 2018 The South African Capital Equipment Export Council (SACEEC) will host its inaugural Local Manufacturing Expo next year, to showcase local manufacturing capabilities and bolster the country’s economic growth, SACEEC CEO Eric Bruggeman told attendees at a presentation during Electra Mining, on... 

Liberty Two Degrees harnesses experienced staff to drive asset efficiency

By: Marleny Arnoldi     10th September 2018 Precinct-focused real estate investment trust (Reit) Liberty Two Degrees (L2D) has added to its team of experienced asset managers, with Carmen Collison now managing the Eastgate shopping centre, in east Johannesburg. Collison previously managed retail assets across a number of listed... 

South African M&A activity declined in H1 – Baker McKenzie

By: Marleny Arnoldi     10th September 2018 Analysis by law firm Baker McKenzie of Thomson Reuters’ data finds that merger and acquisition activity in South Africa declined, in terms of the volume and value of domestic and cross-border deals, in the first half of this year. Transactions fell by 44% and volume and value fell by 52%,... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

Stor-Age to acquire self-storage properties in major cities for R58m

By: Marleny Arnoldi     10th September 2018 JSE-listed real estate investment trust Stor-Age has entered into agreements to acquire Roeland Street Investments 2 (RSI2) and Roeland Street Investments 3 (RSI3), for R58-million. RSI2 is being sold by Acucap Investments – a subsidiary of Growthpoint Properties, Stor-Age Property Holdings... 

Solidarity CE writes open letter to Sasol directors amid ongoing strike

By: Marleny Arnoldi     10th September 2018 Solidarity CE Dr Dirk Hermann has written an open letter to two Sasol directors, on the eve of the union’s lawsuit to seek approval for a Section 77 application at the High Court, which will enable all the union’s members nationwide to strike along with those members employed at Sasol, who have... 

Solidarity CE writes open letter to Sasol directors amid ongoing strike
Solidarity CE Dr Dirk Hermann

Agribusiness confidence declines significantly in third quarter – index

By: Marleny Arnoldi     10th September 2018 The Agbiz/Industrial Development Corporation (IDC) Agribusiness Confidence Index has fallen below the neutral 50-point mark, declining by six points to 48 in the third quarter of the year – the lowest level since the second quarter of 2016, which was a drought year. Agbiz states that while the... 

Agribusiness confidence declines significantly in third quarter – index

Melting ice due to climate change disrupting shipping routes

By: Irma Venter     10th September 2018 Climate change is freeing up new trade routes in some areas, while increasing the risk of ice in others. There was another milestone for Arctic shipping in early 2018 when a specially designed liquid natural gas tanker became the first commercial ship to travel the Northern Sea Route in winter... 

Melting ice due to climate change disrupting shipping routes

High-level meeting planned to set innovation agenda as new draft White Paper launched

By: Rebecca Campbell     10th September 2018 The Presidency is to lead a Science, Technology and Innovation (STI) “Plenary meeting” involving major sectors of South African government and society, Science and Technology Minister (Ms) MT Kubayi-Ngubane told the media on Monday. No date for the meeting was given. “South Africa needs to set... 

High-level meeting planned to set innovation agenda as new draft White Paper launched
Photo by Dylan Slater
Science and Technology Minister Mmamoloko Kubayi-Ngubane

Fortress secures blue-chip tenant Vodacom for Louwlardia logistics park

By: Marleny Arnoldi     10th September 2018 Real estate investment trust Fortress has secured telecoms and services provider Vodacom as a new tenant at its Louwlardia logistics park development, in Centurion, Gauteng, on a five-year lease, with the option to renew for a further five years. Vodacom will occupy a 17 000 m2 warehouse at... 

Youth, women, SMMEs at centre of Fourth Industrial Revolution – Ramaphosa

By: African News Agency      10th September 2018 President Cyril Ramaphosa has said that unless women, the youth and small businesses were intrinsically involved in technological advancement, the Fourth Industrial Revolution would fail. Ramaphosa made the remarks on Monday during his opening address at the International Telecoms Union (ITU)... 

Youth, women, SMMEs at centre of Fourth Industrial Revolution – Ramaphosa
President Cyril Ramaphosa

Zambia's SMEs urged to raise packaging standards to improve global competitiveness

By: African News Agency      10th September 2018 The International Trade Centre (ITC) on Monday urged Zambia's small and medium enterprises to improve packaging standards to make their products more competitive on international markets and also called for more investment into local packaging centres for agri-food processors. Speaking at the... 

 Zambia's SMEs urged to raise packaging standards to improve global competitiveness

Congo mining revenues triple in H1; oil revenues fall by a third

By: Reuters     10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

FAW’s Coega plant produces 4 000th truck

By: Irma Venter     10th September 2018 FAW South Africa’s Coega assembly plant, in the Eastern Cape, in August celebrated the assembly of the 4 000th FAW truck in South Africa. Inaugurated in July 2014, the FAW plant was the first large-scale investment made by a China-based company in the region. 

FAW’s Coega plant produces 4 000th truck

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

Mali's Keita names new defence and mines ministers for second term

By: Reuters     10th September 2018 Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating... 

TNPA to prioritise ship repairs, oil and gas facilities at Cape Town, Saldanha ports

By: Marleny Arnoldi     10th September 2018 Transnet National Ports Authority (TNPA) has identified infrastructure and port development projects that will be prioritised at its Cape Town and Saldanha ports. This was announced following the Western Cape Regional Customer Forum, held on August 31. The forum is aimed at aligning TNPA’s... 

TNPA to prioritise ship repairs, oil and gas facilities at Cape Town, Saldanha ports
TNPA COO Nozipho Mdawe

South Africa may miss tax take target, says finance minister

By: Reuters     10th September 2018 South Africa's tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on Monday. The country entered recession in the second quarter for the first time since 2009. 

Passenger EV sales hit four-million units, fifth million expected in March

By: Irma Venter     10th September 2018 Cumulative passenger electric vehicle (EV) sales have, most likely, surpassed four-million units at the beginning of September, says Bloomberg New Energy Finance (NEF). This includes battery electric passenger vehicles and plug-in hybrid passenger vehicles. 

 Passenger EV sales hit four-million units, fifth million expected in March

City of Cape Town relaxes water restrictions, tariffs to Level 5

By: News24Wire      10th September 2018 The City of Cape Town has made the move to relax current water restrictions from Level 6B to Level 5 from October 1, Deputy Mayor Ian Neilson announced. After suffering from the worst drought in recent history, Cape Town's dams are nearing 70% of storage capacity – a significant improvement from... 

City of Cape Town relaxes water restrictions, tariffs to Level 5

Hydrogen from renewables may be energy transition’s ‘missing link’

By: Terence Creamer     7th September 2018 Producing hydrogen from variable renewable electricity (VRE) could be the ‘missing link’ in the unfolding transition to a decarbonised global energy system, a newly released report argues. Published by the International Renewable Energy Agency (Irena), the study explores the production of... 

Hydrogen from renewables may be energy transition’s ‘missing link’

Tongaat Hulett appoints interim CEO

By: Simone Liedtke     7th September 2018 Sydney Mtsambiwa has been appointed as the interim CEO of JSE-listed agriculture and agroprocessing group Tongaat Hulett, with effect from November 1, following the retirement of long-serving CEO Peter Staude. Mtsambiwa will serve as the interim CEO until the board has finalised the appointment... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

Saice parts ways with CEO following controversial opinion piece

By: Marleny Arnoldi     7th September 2018 The South African Institution of Civil Engineering (Saice) has decided to part ways with its CEO, after Manglin Pillay penned a controversial opinion piece on women in science, technology, engineering and mathematics (Stem) careers. Following outraged reactions to the article, titled ‘Out on a... 

Saice parts ways with CEO following controversial opinion piece
Saice former CEO Manglin Pillay

There are deliberate attempts to sabotage government buildings – Nxesi

By: African News Agency      7th September 2018 There are deliberate acts to sabotage government buildings through arson, Public Works Minister, Thulas Nxesi, said on Friday. Nxesi was speaking at a media briefing in Pretoria, accompanied by Health Minister, Aaron Motsoaledi. 

 There are deliberate attempts to sabotage government buildings – Nxesi
Photo by Creamer Media
Public Works Minister Thulas Nxesi

EPP reports strong portfolio, income growth

By: Marleny Arnoldi     7th September 2018 JSE-listed Polish property company EPP has declared a distribution growth of 12% apiece to 5.82c for the six months ended June 30, compared with 5.19c in the first half of 2017, placing the company on track to deliver full year dividends of between 11.6 and 11.8c apiece. EPP’s results show... 

EPP reports strong portfolio, income growth
EPP CEO Hadley Dean

Fearmongering over recession won't do any good – Madonsela

By: News24Wire      7th September 2018 Choose hope over fear and leadership over victimhood, former Public Protector Thuli Madonsela urged South Africans on Friday.  Fearmongering over the recession would not do the country any good, she added.  

 Fearmongering over recession won't do any good – Madonsela
Photo by Creamer Media
Former Public Protector Thuli Madonsela

Kenya economic growth to be curbed by new tax on fuel – industry

By: Reuters     7th September 2018 Kenya's economic growth momentum for this year could be snuffed out if a widely unpopular 16% value-added tax on fuel is maintained, the country's chamber of commerce said on Friday, pointing at higher prices of goods and transport. The tax, which came into force on September 1, is part of a... 

New mobile science, maths, tech laboratory using robotics to inspire children 

By: Schalk Burger     7th September 2018 The latest mobile laboratory of the Department of Science and Technology, launched on Friday, has robotics kits that children use to build and program robots, thereby inspiring them to pursue careers in science, mathematics, engineering and technology. The inspire science, engineering and... 

New mobile science, maths, tech laboratory using robotics to inspire children
i-Set project leader & Unisa lecturer Patricia Gouws discusses the i-Set Programme. (Camera & editing: Nicholas Boyd)

Tribunal confirms Omnia’s R30m penalty in 2003 Nutri-Flow complaint

By: Marleny Arnoldi     7th September 2018 The Competition Tribunal has confirmed the settlement agreement between Omnia Fertilizer and the Competition Commission, in which the Omnia Holdings subsidiary agreed to an administrative penalty of R30-million. The agreement stemmed from a 2003 complaint lodged by small fertilizer blender and... 

Expropriation without compensation could 'trigger classical banking crisis' – Nedbank

By: African News Agency      7th September 2018 Expropriating property without compensation could "trigger a classical banking crisis", Nedbank chief executive Mike Brown told MPs on Friday. Brown was participating in the last round of public hearings by a parliamentary committee probing whether section 25 of the Constitution needs to be... 

 Expropriation without compensation could 'trigger classical banking crisis' – Nedbank

Why a policy expert says S Africa's current phase of chaos is 'normal'

By: News24Wire      7th September 2018 South Africa is currently in a period of chaos – a normal phase to go through after years of neglect, corruption and weak leadership. This is the view of policy specialist Theo Venter of the North West University School of Business and Governance. He was one of the speakers at the Momentum... 

Why a policy expert says S Africa's current phase of chaos is 'normal'

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