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Latest News

SAA adds six flights a week to Johannesburg–East London route

By: Marleny Arnoldi     8th June 2018 State-owned South African Airways (SAA) has added additional flights to the Eastern Cape to cater for business travelers between East London and Johannesburg.  

ATON bemoans M&R’s Competition Tribunal application

By: Marleny Arnoldi     8th June 2018 German investment company ATON says JSE-listed Murray & Roberts (M&R) has initiated another ‘frustrating action’ against its offer to acquire all shares in M&R, by trying to prevent ATON from exercising its full rights and voting against M&R’s proposed combination with construction giant Aveng.  

Court order delays implementation of new end-user regulations

By: Natasha Odendaal     8th June 2018 Mobile operator Cell C has succeeded in its court bid to postpone the Independent Communications Authority of South Africa’s (Icasa’s) stipulated deadline for the implementation of the end-user and subscriber services charter regulations. The High Court on Thursday granted the urgent interdict to... 

Radebe hosts stakeholder forum; Eskom takes Nersa decision to court 

8th June 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the latest developments on the energy policy front, as well as Eskom’s turnaround. 

Radebe hosts stakeholder forum; Eskom takes Nersa decision to court
Terence Creamer on the latest energy developments and Eskom's turnaround. (Camera & editing: Nicholas Boyd)

Good corporate citizenship in a post-State-capture South Africa 

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Good corporate citizenship in a post-State-capture South Africa

Petco confident in South Africa’s PET recycling resilience

By: Marleny Arnoldi     7th June 2018 Polyethylene terephthalate (PET) recycling company Petco describes 2017 as one of the most challenging years for the company, with a 13% year-on-year consumption decline in the local PET market.  

Petco confident in South Africa’s PET recycling resilience
Photo by Marleny Arnoldi
Petco chairperson Dr Casper Durandt speaks at the Petco AGM

Basil Read enters new avenue with Savanna City residential development

By: Simone Liedtke     7th June 2018 As part of its turnaround strategy, construction group Basil Read on Thursday launched Basil Read Homes with the first of its 44 residential units on a land parcel at Savanna City, south of Johannesburg, which will, upon completion, boast about 18 399 integrated housing units. “This launch is a... 

Basil Read enters new avenue with Savanna City residential development

April manufacturing output up 1.1% Y/Y

By: Reuters     7th June 2018 South Africa's manufacturing output expanded by 1.1% year-on-year in April following a revised 1.6% contraction in March, the statistics agency said on Thursday. Statistics South Africa said factory production on a month-on-month basis shrunk 0.6% in April, decreased by 3% in the three months to... 

Reinstatement of Eskom system reports seen as way to rebuild trust through transparency

By: Terence Creamer     7th June 2018 State-owned electricity producer Eskom has re-launched its weekly system status report as part of broader efforts to rebuild trust with South African citizens, who remain skeptical about the utility’s ability to keep the lights on. The service, which is now available on Eskom’s website, was... 

Reinstatement of Eskom system reports seen as way to rebuild trust through transparency
Photo by Dylan Slater
Eskom system operator Bernard Magoro

Workers call for total shutdown of Eskom amid wage negotiations deadlock 

By: African News Agency      7th June 2018 The National Union of Mineworkers (NUM) on Thursday called for a total shutdown of South African state-owned power utility, Eskom, following another collapse in wage negotiations.  Eskom workers are demanding a 15% wage increase across the board in a one-year agreement, 80:20 percent contribution... 

Eskom must diversify its energy mix – MacColl  

By: Nadine James     7th June 2018 State-owned power utility Eskom should diversify its energy mix, Electric Power Research Institute senior regional manager Barry MacColl said during a panel discussion on South Africa’s energy policy, and specifically the Integrated Resource Plan (IRP). The panel, held on Thursday at the Mazars... 

ATON reiterates its view on M&R’s proposed acquisition of Aveng

By: Anine Kilian     7th June 2018 Investment company ATON, which has made a mandatory offer to buy all the shares in Murray & Roberts (M&R) it does not already own, has once again reiterated it opposition to M&R’s proposed acquisition of Aveng. The company said in a statement on Thursday that the potential Aveng transaction... 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Eskom to approach courts to have Nersa’s 5.23% tariff decision set aside 

By: Terence Creamer     7th June 2018 State-owned electricity utility Eskom will, in the coming days, approach the courts to have the National Energy Regulator of South Africa’s (Nersa’s) tariff determination for 2018/19 set aside, chairperson Jabu Mabuza confirmed on Thursday. The action would represent Eskom’s first-ever legal... 

Eskom to approach courts to have Nersa’s 5.23% tariff decision set aside
Public Enterprises Minister Pravin Gordhan on Eskom's restructuring, 'Gupta-risation' of coal and improving primary-energy security and costs. Camera Work & Editing: Nicholas Boyd: Recorded: 7.6.2018

Icasa steps closer to priority markets review

By: Natasha Odendaal     7th June 2018 The Independent Communications Authority of South Africa (Icasa) has taken its next step in pursuing a priority markets review to identify markets for a regulatory review that could lead to lower communications costs. Icasa on Thursday embarked on public hearings on the discussion document on... 

SAA chief executive dismisses calls for business rescue

By: African News Agency      7th June 2018 South African Airways (SAA) chief executive Vuyani Jarana on Thursday ruled out the possibility of the airline being placed under business rescue. "We believe we are already executing a recovery plan. We don't believe the plan [from business rescue practitioners] is going to be significantly... 

Public sector wage deal inches closer as more unions sign

By: News24Wire      7th June 2018 The public sector wage agreement is close to being a done deal, with 48% of workers represented by trade unions at the Public Service Coordinating Bargaining Council (PSCBC) supporting the offer. A majority of 50%+1 employee agreement is required to implement the deal. 

 Public sector wage deal inches closer as more unions sign

MeerLICHT launch signals world’s first optical/radio telescope collaboration 

7th June 2018 The South African Astronomical Observatory and the Department of Science and Technology last month launched the MeerLICHT optical telescope at the Observatory site in Sutherland, which will be ‘the eye’ of the MeerKAT radio telescope. Marleny Arnoldi tells us more. 

MeerLICHT launch signals world’s first optical/radio telescope collaboration
MeerLICHT launch signals world’s first optical/radio telescope collaboration

City of Cape Town to spend R2.1bn on housing 

By: African News Agency      7th June 2018 The City of Cape Town on Thursday said its Transport and Urban Development Authority (TDA) will spend R2.1-billion on the development of new housing opportunities. This comes after the TDA budget for the next financial year, starting on 1 July 2018, was set at R5.34-billion. 

Siemens CEO urges more countries to participate in China’s Belt and Road Initiative

By: Zandile Mavuso     7th June 2018 China’s Belt and Road Initiative (BRI) represents a “new world trade order”, says Siemens global president and CEO Joe Kaeser. In a keynote address at the first Belt and Road International Summit, in Beijing, China, this week, he urged more countries to get actively involved in the BRI. 

Busa attending G7 Summit with Ramaphosa

By: Anine Kilian     7th June 2018 Business Unity South Africa (Busa) is part of the South African delegation, led by President Cyril Ramaphosa and the Department of Trade and Industry, attending the Group of Seven (G7) Summit, in Canada.   

Treasury hits back after EFF attack on Momoniat

By: Sashnee Moodley     7th June 2018 National Treasury on Thursday came to the defence of its deputy director-general Ismail Momoniat following what it called “vitriolic utterances” by the Economic Freedom Fighters (EFF). Earlier this week EFF deputy president Floyd Shivambu accused Momoniat of being corrupt, undermining black... 

Treasury hits back after EFF attack on Momoniat
Treasury deputy director-general Ismail Momoniat

Tanzania charges telecoms executives with fraud in tax evasion crackdown

By: Reuters     7th June 2018 Tanzanian prosecutors on Wednesday charged two chief executives of mobile phone companies and four other suspects with fraud as part of a crackdown against tax evasion in the East African nation. The executives charged were Le Van Dai, 35, managing director of Halotel Tanzania, owned by... 

Tribunal confirms R40m settlement agreement with Cape Gate

By: Simone Liedtke     7th June 2018 The Competition Tribunal has confirmed a R40-million settlement agreement with wire and steel manufacturer Cape Gate, following the company’s admission of price fixing, dividing markets and collusive tendering in respect of lightly galvanised wire, nails, wire and various wire products. The... 

One in every three cars exported from SA in 2017 a Merc

By: Irma Venter     7th June 2018 Mercedes-Benz South Africa (MBSA) last year again produced a record number of vehicles. MBSA’s East London plant built 106 500 vehicles (passenger cars and commercial vehicles) in 2015, growing this to a new record of 118 700 vehicles in 2016. 

One in every three cars exported from SA in 2017 a Merc

LME says plans to launch about 15 new contracts in January 2019

By: Reuters     7th June 2018 The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them from January,"... 

Seriti Resources interested in Optimum Coal as it looks to export

By: Reuters     6th June 2018 South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. Bidding for Optimum Coal would pit Seriti, which has ambitions to become a black-owned mining champion, with bigger... 

Seriti Resources interested in Optimum Coal as it looks to export
Photo by Creamer Media
Seriti CEO Mike Teke

Brand South Africa taking investor temperature ahead of investment summit

By: Terence Creamer     6th June 2018 Brand South Africa has begun consultations with foreign investors and diplomats as part of preparations for the investment conference, which President Cyril Ramaphosa will convene later this year. Ramaphosa has set a target of attracting $100-billion-worth of direct investment over the coming... 

Brand South Africa taking investor temperature ahead of investment summit
President Cyril Ramaphosa will convene an investment conference later this year

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

Africa's largest fishing firm Oceana could lose fishing rights in Namibia

By: Reuters     6th June 2018 Africa's largest fishing company Oceana Group faces a battle to hold onto its fishing rights in Namibia after the southern African country said listed firms would no longer be awarded quotas. Bidvest Namibia, which is listed on Namibia's stock exchange, could also lose its local fishing rights... 

TFR’s MMC business unit to conduct national maintenance in June

By: Marleny Arnoldi     6th June 2018 Transnet Freight Rail’s (TFR’s) Mineral Mining and Chrome (MMC) business unit, which is responsible for yearly planned maintenance where major capital replacement activities are implemented, will hold its financial year shutdown from June 7 to 13.  

TFR’s MMC business unit to conduct national maintenance in June

Rhodes’ Centre for Biological Control awarded R68m contract to help control alien plants

By: Marleny Arnoldi     6th June 2018 The newly-established Centre for Biological Control (CBC) at Rhodes University has been awarded a R68-million contract by the Department of Environmental Affairs (DEA).  

Rhodes’ Centre for Biological Control awarded R68m contract to help control alien plants
DEA Deputy Director General Dr Guy Preston & Centre for Biological Control Director Professor Martin Hill

Interest in IFC’s solar procurement solution growing across Africa

By: Terence Creamer     6th June 2018 The International Finance Corporation (IFC) reports that its programme to support African governments and utilities in procuring solar photovoltaic (PV) capacity from independent power producers (IPPs) has made significant headway in four countries, with construction of the first project under... 

Interest in IFC’s solar procurement solution growing across Africa
IFC country manager Saleem Karimjee

Metrorail does not run where people stay, work

By: Irma Venter     6th June 2018 Metrorail does not currently run “where the people are”, says Gautrain Management Agency (GMA) CEO Jack van der Merwe. Metrorail is operated by the Passenger Rail Agency of South Africa (PRASA). 

Metrorail does not run where people stay, work

AgriProtein aims to break ground on R500m Gauteng fly factory in November

By: Irma Venter     6th June 2018 Waste-to-nutrient group AgriProtein aims to break ground on its second South African fly factory in November. AgriProtein rears fly larvae on organic waste and harvests the larvae to make natural, high-protein animal and fish feed products. 

 AgriProtein aims to break ground on R500m Gauteng fly factory in November
The Cape Town fly factory

Congo mining revenues triple in Q1; oil revenues down 11%

By: Reuters     6th June 2018 Democratic Republic of Congo's (DRC's) revenues from its mining sector tripled year-on-year in the first quarter of 2018 to $397.86-million, finance ministry data showed. Revenues from the oil and gas sector dropped 10.87 percent year-on-year in the first quarter to $29.45-million, according to... 

Nkwinti announces turnaround strategy for water department

By: Marleny Arnoldi     6th June 2018 Water and Sanitation Minister Gugile Nkwinti has announced bold plans to turn around the Department of Water and Sanitation (DWS) and accelerate service delivery.  

Nkwinti announces turnaround strategy for water department
Photo by Dylan Slater
Water & Sanitation Minister Gugile Nkwinti

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

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