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Latest News

African gas output could make up 10% of global total by 2040 – official

By: Reuters     5th September 2018 African production of natural gas could contribute as much as 10% of the global total by 2040, an expansion of around 530-billion cubic metres, the secretary general of the Gas-Exporting Countries Forum, Yury Sentyurin, told a conference on Wednesday. 

Site clearing, earthworks preparation starts at 25 MW Ngodwana biomass power project

By: Marleny Arnoldi     5th September 2018 Official site clearing and preparation for earthworks have started at Ngodwana Energy’s 25 MW biomass power project, in Mpumalanga. The ELB-KCC Consortium on Wednesday said the project will be erected at the Sappi Ngodwana site about 40 km from Nelspruit, next to the N4 highway and is part of... 

Sanral, Barloworld Equipment sign MoU to provide emerging contractors with access to equipment

By: Irma Venter     5th September 2018 The South African National Roads Agency Limited (Sanral) and Barloworld Equipment have signed a memorandum of understanding (MoU) that will provide emerging contractors with greater access to Caterpillar equipment. Barloworld Equipment is the dealer for Caterpillar earthmoving machines and power... 

Sanral, Barloworld Equipment sign MoU to provide emerging contractors with access to equipment

South Africa’s rating under threat as economy enters recession

By: Marleny Arnoldi     5th September 2018 South Africa’s slide into a technical recession in the second quarter is a timely warning and reminder for the country to get its economy in order, failing which it will lose its only investment grade rating, says Business Unity South Africa CEO Tanya Cohen. Moody’s Investors Service said in... 

South Africa’s rating under threat as economy enters recession

Standard Bank PMI falls to 29-month low in August

By: Marleny Arnoldi     5th September 2018 Operating conditions in South Africa’s private sector economy deteriorated for the second straight month in August, as business activity and input purchasing decreased in line with an accelerated drop in new orders, says Standard Bank in its Purchasing Managers’ Index (PMI) for August.... 

Standard Bank PMI falls to 29-month low in August

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

DRDGold shares leap on higher-grade fillip
DRDGold CFO Riaan Davel talks to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photographs: Creamer Media’s Dylan Slater.

Green light for affordable Cape Town housing near V&A Waterfront

By: African News Agency      5th September 2018 Western Cape Premier Helen Zille on Tuesday said she "welcomed" the green light for affordable housing close to the V&A Waterfront in Cape Town. He comments follow the rezoning approval received by the provincial government to develop affordable housing on one of South Africa’s most valuable... 

DNA testing required to identify casualties in Denel explosion – City official

By: News24Wire      5th September 2018 A community meeting where Rheinmetall Denel Munition officials were expected to answer questions from Macassar residents about what happened at their depot on Monday fell flat when those expected to attend cancelled at the last minute due to "fears for their safety". Residents on Tuesday night... 

Maiden's Cove development under fire

By: News24Wire      5th September 2018 A R1.5-billion plan by the City of Cape Town to develop Maiden's Cove – a scenic headland and beach between Clifton Fourth Beach and Glen Beach in Camps Bay – is facing a court challenge from City residents, GroundUp reports. The development of the cove area, devised in 2015, includes plans for... 

Tiny beetle is killing SA's trees – and nothing can stop it

By: News24Wire      5th September 2018 A beetle smaller than a sesame seed is killing huge trees throughout South Africa, and little can be done to stop it. The polyphagous shot hole borer, a native of southeast Asia no bigger than 2mm, has found its way to South Africa and is infesting trees at an alarming rate. According to... 

R1bn 'lost' to cash-in-transit robbers in 8 years – Hawks

By: News24Wire      5th September 2018 More than R1-billion has been "lost" as a result of cash-in-transit robberies in the eight years between 2008 and 2016, according to the Directorate for Priority Crime Investigation (DPCI). The DPCI, or the Hawks as they are more commonly known, granted a Public Access to Information Application... 

At China-Africa summit, officials dismiss debt criticism

By: News24Wire      5th September 2018 Chinese and African officials have rejected criticism of Beijing's development projects on the continent as they ended a summit that included a $60-billion pledge for more aid to the continent. President Xi Jinping hosted leaders from across Africa  amid questions whether his country's Belt and... 

At China-Africa summit, officials dismiss debt criticism
Chinese President Xi Jinping

Ethiopia opens logistics sector to foreign investment

By: News24Wire      5th September 2018 Ethiopia will open its logistics sector to foreign investors but cap their participation, the State investment body said on Tuesday in the latest reform to loosen the government's control of the economy. Prime Minister Abiy Ahmed has presided over a shake-up of one of the most heavily-regulated... 

Ethiopia opens logistics sector to foreign investment
Photo by Reuters
Ethiopian Prime Minister Abiy Ahmed

Rebels ambush South African peacekeepers in Congo Ebola zone

By: Reuters     5th September 2018 Two South African peacekeepers were wounded in a rebel ambush near the epicentre of an Ebola outbreak in eastern Democratic Republic of Congo, their United Nations (UN) mission said on Tuesday. The attack on Monday on the outskirts of the city of Beni underscored the challenges authorities face... 

Rebels ambush South African peacekeepers in Congo Ebola zone

Master Drilling acquires Atlantis

By: Martin Creamer     5th September 2018 The strengthening of diversified geographic footprint of mining technology company Master Drilling is continuing with the announcement on Wednesday that the Johannesburg Stock Exchange company had entered into agreements to acquire the businesses of the Atlantis Group, a South African... 

Master Drilling acquires Atlantis
Photo by Creamer Media Chief Photographer Dylan Slater
Master Drilling CEO Danie Pretorius

Treasury must abandon carbon tax plan in light of IRP

By: Martin Creamer     4th September 2018 National Treasury must abandon its plans to introduce carbon tax, which will result in the closure of smelters at a time of desperate need for job retention and export promotion. This is the consensus of opinion canvassed by Mining Weekly Online following last Friday’s release of the Integrated... 

Treasury must abandon carbon tax plan in light of IRP

Metals, engineering collective agreement to be submitted for gazetting

By: Simone Liedtke     4th September 2018 Parties to the Metals and Engineering Industries Bargaining Council (MEIBC) have voted in favour of the extension of the three-year agreement reached in the metals and engineering sector in 2017. Steel and Engineering Industries Federation of Southern Africa (Seifsa) operations director Lucio... 

African rail industry urged to adopt concepts of Fourth Industrial Revolution

By: Nadine James     4th September 2018 The African rail industry must adopt the concepts and develop the technologies of the Fourth Industrial Revolution to facilitate, and realise, the industrialisation aspirations of the continent, delegates attending a South African Heavy Haul Association (SAHHA) technical workshop, on Tuesday,... 

Mpact trials aluminium, plastic recyclate construction board manufacturing

By: Marleny Arnoldi     4th September 2018 Paper and packaging company Mpact is running manufacturing trials at its plant, in Benoni, Gauteng, to manufacture construction boards and pallets made from recycled aluminium and plastic. The aluminium and plastic are offcuts from liquid packaging that is recycled at the company’s paper mill in... 

Mpact trials aluminium, plastic recyclate construction board manufacturing

Water dept, stakeholders continue to seek solutions to Vaal river pollution

By: Simone Liedtke     4th September 2018 The Department of Water and Sanitation (DWS), together with the Gauteng provincial government, the Sedibeng district municipality and the Emfuleni local municipality say they remain seized with finding solutions to deal with pollution of the Vaal river. The Vaal river and Vaal dam, as critical... 

Serious questions being asked about decision to cap fuel price increase

By: Terence Creamer     4th September 2018 Questions are being asked about Energy Minister Jeff Radebe’s decision to approve an “urgent temporary fuel price intervention” leaving prices unchanged for September, apart from a 4.9c/l increase in the retail margin for petrol to accommodate wage increases for forecourt staff. Ahead of the... 

Serious questions being asked about decision to cap fuel price increase

Mantashe pleased with mining contribution to GDP

By: African News Agency      4th September 2018 The mining and quarrying sector contribution to the gross domestic product (GDP) bode well for the sector and indicated a commodity boom may be imminent, Mineral Resources Minister, Gwede Mantashe, said on Tuesday. Statistics South Africa said on Tuesday that mining and quarrying industry... 

Mantashe pleased with mining contribution to GDP
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

Water dept transfers R30m to Rand Water for War on Leaks programme

By: Simone Liedtke     4th September 2018 The Department of Water and Sanitation (DWS) has transferred R30-million to Rand Water for the War on Leaks (WoL) programme. The DWS noted in a statement on Tuesday that the money will assist Rand Water, as the implementing agent, to effect stipend payments to trainees. 

GemCap investment allows Linebooker to venture outside South Africa

By: Irma Venter     4th September 2018 African Rainbow Capital Investments subsidiary GemCap has acquired online transport management business Linebooker from the Oceana Group for an undisclosed amount.   “The investment by GemCap is significant in that it gives us the scope and capital to expand our service offering and logistical... 

 GemCap investment allows Linebooker to venture outside South Africa
Nick Hoffman

Distressed SA market to be offset by UK acquisitions, says WBHO

By: Irma Venter     4th September 2018 A South African construction company that still makes a profit is a rare sight these days, yet Wilson Bailey Holmes-Ovcon (WBHO) this financial year yet again managed to buck the depressing trend of failing domestic construction companies, owing largely to gains made in geographies outside South... 

Distressed SA market to be offset by UK acquisitions, says WBHO
Louwtjie Nel

More than 100 commuters injured in Joburg train collision

By: African News Agency      4th September 2018 Metrorail has said that a total 112 commuters, mostly without valid train tickets, sustained minor injuries and seven with serious but not critical injuries are receiving medical attention at four local hospitals after a collision between two passenger trains in Johannesburg. This comes after a... 

South Africa in recession for first time since 2009; rand slumps

By: Reuters     4th September 2018 South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa's efforts to revive the economy after a decade of stagnation. Statistics South Africa said the economy contracted by 0.7% quarter-on-quarter,... 

South Africa in recession for first time since 2009; rand slumps

In latest clash, Nigeria hands South Africa's MTN $2bn tax bill

By: Reuters     4th September 2018 MTN Group faces a $2-billion demand for taxes in Nigeria, the latest in a series of skirmishes with authorities in the South African mobile phone company's most lucrative but increasingly problematic market. The announcement of the tax bill incurred over the last decade comes days after the west... 

Fairvest maintains solid results for FY18

By: Simone Liedtke     4th September 2018 South African real estate investment trust Fairvest Property on Tuesday announced solid results for the year ended June 30, with annual distributions increasing by just over 9.9% to 20.15c a share. Fairvest continues to deliver sector-beating growth in distributions, while advancing the portfolio... 

South Africa in technical recession as second quarter GDP falls

By: News24Wire      4th September 2018 South Africa has officially entered a technical recession, after Stats SA announced on Tuesday that the country's real gross domestic product (GDP) had decreased by 0.7% in the second quarter of the year. This follows a GDP contraction of 2.2% in the first quarter. A technical recession is two... 

South Africa in technical recession as second quarter GDP falls

Exclusion of new nuclear power capacity not deliberate – Radebe

By: African News Agency      4th September 2018 The decision to shelve plans to build new nuclear power plants was not based on principle but price and reduced electricity demand, Energy Minister Jeff Radebe said on Tuesday.  "We have not deliberately left nuclear out but it is not in the plan due to lower demand and lower cost of other... 

 Exclusion of new nuclear power capacity not deliberate – Radebe
Energy Minister Jeff Radebe

Unions call for full investigation into explosion at Rheinmetall Denel Munition plant

By: Rebecca Campbell     4th September 2018 Rheinmetall Denel Munition (RDM) has confirmed that the fatal explosion which rocked its Somerset West plant, in the Western Cape, on Monday took place in the propellant operations building. “During operations an explosion occurred and destroyed the entire building and the immediate surrounding... 

Hotel group Hilton opens $100m Society Business Park in Zambian capital

By: African News Agency      4th September 2018 Luxury hotel group Hilton has opened the refurbished 20-floor mixed-use development Society Business Park which houses Hilton Garden Inn in the Zambian capital Lusaka. In 2011, Zambia National Building Society (ZNBS) and the National Pension Scheme Authority (NAPSA) entered into a 20-year... 

MTN says concludes sale of MTN Cyprus to Monaco Telecom

By: African News Agency      4th September 2018 South Africa-based multinational mobile telecommunications company MTN said on Tuesday it had concluded the sale of 100% of MTN Cyprus to Monaco Telecom. MTN announced on July 16 that its wholly owned subsidiary, MTN Dubai Limited, had entered into an agreement for the deal. 

SABS gears up to restart partial testing in response to industry frustration

By: Terence Creamer     4th September 2018 The South African Bureau of Standards (SABS), which was placed under administration by Trade and Industry Minister Dr Rob Davies earlier this year, intends lifting its two-year moratorium on the partial testing of product conformance, also referred to as customer specific requirement testing. The... 

SABS gears up to restart partial testing in response to industry frustration
Photo by Creamer Media
SABS acting CEO Garth Strachan

Eight killed in blast at South African munitions depot

By: Reuters     3rd September 2018 At least eight people were killed in an explosion at a South African munitions depot in Somerset West, near Cape Town, but the cause of the incident was still unknown, a fire and rescue official said on Monday. The blast occurred at Rheinmetall Denel Munition (RDM) depot, a joint venture between... 

Absa PMI falls to 18-month low in August

By: Marleny Arnoldi     3rd September 2018 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) has declined from a solid 51.5 points recorded in July to 43.4 in August – its lowest recorded level in 18 months. The deterioration was driven by sharp declines in the new sales orders index, as well as the business activity index;... 

Absa PMI falls to 18-month low in August

Sasol launches contingency plan in light of Solidarity strike over share scheme

By: Simone Liedtke     3rd September 2018 Petrochemicals company Sasol on Monday said it had activated contingency measures to minimise potential disruption to its operations, in light of trade union Solidarity’s plans to strike. Currently, parts of Sasol’s Secunda and Sasolburg operations are undergoing planned maintenance shutdowns,... 

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