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Latest News

South Africa’s capital city replacing electricity meters after court ruling

By: African News Agency      2nd November 2017 South Africa’s capital city is replacing thousands of electricity meters after the high court ruled that the contract for their procurement was invalid, an official said on Thursday. Cilliers Brink, member of the mayoral committee for the municipality of Tshwane, which incorporates the capital... 

Afrimat continues ramp-up of new iron-ore asset Diro

By: Natasha Odendaal     2nd November 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase of... 

New Bloemfontein student residence to open its doors in January

By: Creamer Media Reporter      2nd November 2017 A R120-million, 469-bed student accommodation development built by Respublica Student Living Fund, in Bloemfontein, will be ready for occupation in January 2018.   The residence includes 58 apartments, each with eight single rooms, two bathrooms, a lounge/dining area and communal kitchen. The... 

New Bloemfontein student residence to open its doors in January

WEF Global Gender Gap report sees South Africa slip four places

By: African News Agency      2nd November 2017 The World Economic Forum’s (WEF) latest Global Gender Gap report shows that South Africa has dropped to nineteenth place out of 144 countries measured. According to a statement from WEF, this year painted a bleak picture of gender equality globally. WEF said that for the first time since... 

Transnet resumes operations at Port of Durban after KwaZulu-Natal storms

By: African News Agency      2nd November 2017 State-owned freight and logistics company Transnet said on Thursday that 100% of marine operations at the Port of Durban have resumed following a violent storm in KwaZulu-Natal last month. Last month inclement weather left a trail of destruction in the country’s busiest port, the Port of Durban... 

Fertiliser maker Yara may build $2bn Mozambique gas-fired plant

By: Reuters     2nd November 2017 Norwegian fertiliser maker Yara International is considering building a $2-billion plant in Mozambique and may seek partners to share the cost, the chief executive said. Mozambique awarded Yara a project in January to make ammonia and urea from the country's gas output, saying the firm could... 

Treasury grilled on R74bn deviation procurement

By: News24Wire      2nd November 2017 Treasury's Director General Dondo Mogajane was grilled by members of SCOPA on Wednesday on how it was possible for state entities and institutions to have been allowed to deviate from required procurement processes to the tune of a total of R74-billion in 2016/17. While the public procurement... 

SAA’s failure to settle its debt would have resulted in default – Ramaphosa

By: African News Agency      2nd November 2017 Deputy President Cyril Ramaphosa said the South African Airways (SAA) bailout was a crucial decision made by government because failure to settle debts would have resulted in SAA defaulting on its debts. Ramaphosa was answering questions in the National Council of Provinces. 

Rusal launches green aluminium brand to drive sales

By: Reuters     2nd November 2017 Russian aluminium giant Rusal launched a low-carbon certification programme and new brand on Wednesday in an effort to get more value from the green footprint of its smelters. Some customers are willing to pay $20 to $50 a tonne more for low-carbon metal, although no fixed premium will be... 

UK car execs tell prime minister they need clarity on Brexit transition

By: Reuters     2nd November 2017 British car executives told British Prime Minister Theresa May on Wednesday that there was an urgent need for clarity on the proposed transition period after Britain leaves the European Union. The automotive industry has been heralded as a manufacturing success story by the government, with... 

China must make polluters pay for waste treatment – legislator

By: Reuters     2nd November 2017 China needs to improve law enforcement and make polluters pay to treat-billions of tonnes of rural, industrial and household waste, the country's top legislator said in a report to parliament late on Wednesday. Zhang Dejiang, chairman of the National People's Congress (NPC), said China generates... 

Seifsa ‘cautiously optimistic’ following improved PMI

By: Creamer Media Reporter      1st November 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is “cautiously optimistic” about the sector’s performance, in light of data released by the Absa Purchasing Managers' Index (PMI),  which indicates an improvement in activity in the manufacturing sector. This was the... 

South Africa’s Master Drilling expands into India, Australia

By: Martin Creamer     1st November 2017 Raise bore drilling company Master Drilling on Wednesday announced its expansion into India, where it will support a zinc mine, and Australia, where it will support a gold project. The Johannesburg Stock Exchange-listed company said it would be deploying a large raisebore machine to a Vedanta... 

South Africa’s Master Drilling expands into India, Australia
Photo by Duane Daws
Master Drilling CEO Danie Pretorius

Vodacom commercially launches narrow-band IoT in Gauteng

By: Natasha Odendaal     1st November 2017 Mobile operator Vodacom has operationalised its first commercially available narrow-band Internet of Things (NB-IoT) network in Gauteng. The commercial rollout of NB-IoT is expected to accelerate IoT adoption rates. Vodacom currently averages 55 000 new IoT connections a month. 

SAB invests millions in black-owned SMMEs 

By: Anine Kilian     1st November 2017 Multinational beverage and brewing company Anheuser-Busch (AB) InBev subsidiary South African Breweries (SAB) has invested more than R200-million into creating an inclusive supply chain which incorporates black-owned and black women-owned small, medium-sized and microenterprises (SMMEs) through... 

SAB invests millions in black-owned SMMEs
SAB President Ricardo Tadeu talks to Engineering News online about SAB's entrepreneurship programmes. Video and Video editing: Darlene Creamer 1.11.2017

Turkcell welcomes litigation progress in South Africa

By: Natasha Odendaal     1st November 2017 Turkish mobile operator Turkcell has welcomed the progress made in its legal battle with South African mobile operator MTN. MTN this week filed a Statement of Defence plea in the South African High Court over a disputed 2004 telecommunications operating licence bid in Iran. 

Anglo Platinum co-opens pipe factory in Mokopane

By: Martin Creamer     1st November 2017 Anglo American Platinum has drawn applause for its role in the opening of a new pipe factory in job-short Limpopo, which is aimed at sustainably developing the community of Mokopane, where the mining company operates its rich Mogalawena opencast platinum mine. Anglo American Platinum partnered... 

Anglo Platinum co-opens pipe factory in Mokopane
Photo by Duane Daws
Anglo American Platinum CEO Chris Griffith

Global oil exploration dips to 60-year low

By: Natasha Odendaal     1st November 2017 With exploration activity waning, global oil and gas exploration has reached an historic low, according to the latest PwC Africa oil and gas review 2017, which highlights just three new major discoveries in Africa during 2016 and the first half of 2017, compared with 11 in 2015. In 2016, there... 

Global oil exploration dips to 60-year low

State irregular expenditure at R45.6bn – Auditor General 

By: News24Wire      1st November 2017 Despite "intensified contestations" by some state entities, Auditor General Kimi Makwetu on Wednesday released the financial report for the country’s national and provincial departments, as well as government entities for the 2016/17 financial year. The audit report reflects progress made since... 

 State irregular expenditure at R45.6bn – Auditor General
Auditor General Kimi Makwetu

Eskom gave Tegeta prepayment on day Optimum purchase price was due, inquiry hears

By: African News Agency      1st November 2017 A business rescue practitioner on Wednesday told the parliamentary inquiry into Eskom that the power utility agreed to pay Tegeta almost R600-million in advance for coal on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.... 

October new-vehicle sales up 4.6%, Porsche follows in Merc, BMW footsteps

By: Irma Venter     1st November 2017 New-vehicle sales in October increased for the fifth month in a row, improving by 4.6% on sales in the same month last year, to reach 51 037 units. Passenger car sales carried the market in October, with all other segments in decline. 

October new-vehicle sales up 4.6%, Porsche follows in Merc, BMW footsteps

We should avoid radical rhetoric and policies on land – AgriSA

By: News24Wire      1st November 2017 AgriSA believes progress is being made in the land reform debate in South Africa and that the country should steer away from radical rhetoric and policies. These were the views of Dan Kriek, the president of AgriSA during the launch of its national land audit on Tuesday. 

We should avoid radical rhetoric and policies on land – AgriSA

Zwane must be probed on State capture and Gupta relations – DA 

By: News24Wire      1st November 2017 There are enough grounds to establish an ad hoc committee of inquiry into Mineral Resources Minister Mosebenzi Zwane’s relationship with the Gupta family and allegations of State capture, said James Lorimer from the Democratic Alliance (DA). Speaking to journalists after a meeting of the... 

 Zwane must be probed on State capture and Gupta relations – DA
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Climate change harms health worldwide as millions swelter – study

By: Reuters     1st November 2017 Climate change has caused severe harm to human health since the year 2000 by stoking more heat waves, the spread of some mosquito-borne diseases and under-nutrition as crops fail, scientists said on Tuesday. Scant action to slow global warming over the past 25 years has jeopardized “human life... 

Japan's steelmakers in rare sweet spot, but Kobe Steel may miss out

By: Reuters     1st November 2017 Japan's steelmakers are in the midst of the best market conditions in at least three years as steel prices rise with construction in full swing for the 2020 Olympics in Tokyo and automakers boosting production. But the country's third-biggest steelmaker, Kobe Steel Ltd , is likely to be left out... 

Heavy increase in irregular expenditure in South Africa, now pegged above R45bn, says AG 

By: African News Agency      1st November 2017 Irregular expenditure by government departments and State-owned entities has ballooned by over 50% in 2016/2017 when compared to the previous financial year, topping R45-billion, Auditor-General Kimi Makwetu revealed on Tuesday. “Irregular expenditure has increased by 55% since the previous year... 

Heavy increase in irregular expenditure in South Africa, now pegged above R45bn, says AG
Auditor-General Kimi Makwetu

Nonkululeko Nyembezi appointed as first black woman to chair Alexander Forbes

By: African News Agency      1st November 2017 South African financial services group Alexander Forbes on Wednesday announced the appointment of veteran business executive Nonkululeko Nyembezi as the new independent nonexecutive chairperson with effect from January 1, 2018. Nyembezi will become the first woman to chair the board in the... 

Absa PMI rises to 47.8 in October

By: Reuters     1st November 2017 South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) rose to its best level in five months helped by an increase in new sales orders, a survey showed on Wednesday. The index, which is compiled by the Bureau for Economic Research and gauges manufacturing activity in Africa's... 

Joburg north residents warned of sewer contaminated water

By: African News Agency      1st November 2017 Joburg Water on Wednesday advised residents of Northriding not to drink tap water due to sewer contamination. ”Johannesburg Water suspects possible sewer contamination within the water network in parts of Northriding. We strongly advise residents residing in the area not to consume tap water... 

Cooke underground closes but 1 640 Beatrix jobs saved – Sibanye

By: Martin Creamer     1st November 2017 The underground mining operations at the Cooke 1, 2 and 3 gold mining shafts on the West Rand have been placed on care and maintenance resulting in the retrenchment of 2 025 employees, in addition to the 1 350 who took voluntary separation packages, precious metals mining company... 

Cooke underground closes but 1 640 Beatrix jobs saved – Sibanye
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman

New Eastern Cape business centre to boost township economy

By: African News Agency      1st November 2017 Local emerging businesses and aspiring business people from the Veeplaas community in the Eastern Cape have been granted an opportunity to boost the local township economy following the opening of a local Business Centre by the Nelson Mandela Bay municipality. Nelson Mandela Bay Mayor Athol... 

Zuma will establish inquiry into State capture if instructed by the court

By: News24Wire      1st November 2017 President Jacob Zuma has placed on "record" that he will establish a commission of inquiry into State capture within a month if ordered by a court. It comes as Zuma is seeking an order by the North Gauteng High Court in Pretoria to have former Public Protector Thuli Madonsela's remedial actions,... 

Zuma will establish inquiry into State capture if instructed by the court
Photo by Reuters
President Jacob Zuma

City of Joburg's anti-corruption unit makes major bust 

By: News24Wire      1st November 2017 The City of Johannesburg’s anti-corruption unit made one of its biggest busts since its inception a year ago, with about R80-million worth of City Power equipment seized from sub-contractors. The City's anti-corruption unit, which was established by Mayor Herman Mashaba last year, and headed by... 

Mamabolo commits to reclaiming govt buildings

By: Anine Kilian     31st October 2017 The Gauteng Department of Infrastructure Development has launched an initiative to recover government buildings that are illegally occupied across the province and to use them for student accommodation and other service delivery requirements. The department has identified several properties that... 

Tribunal confirms R4.35m settlement with Godrich Flour Mills

By: Anine Kilian     31st October 2017 The Competition Tribunal has confirmed a settlement agreement with Godrich Flour Mills for price fixing in the market for milled white maize products. Godrich has agreed to pay R4.35-million for participating in a cartel that colluded with other maize milling firms to fix the price of milled... 

Renergen reports modest interim results

By: Anine Kilian     31st October 2017 JSE-listed alternative and renewable energy business Renergen’s revenue increased by 179% to R1.4-million in the half-year ended August 31, bolstered by a higher diesel price following a weaker rand and higher oil prices in the period under review. The company’s cost of sales increased by 381% to... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Sub-Saharan Africa sets another record for number of business reforms

NUM mass meeting at Cooke

By: Martin Creamer     31st October 2017 The National Union of Mineworkers (NUM) will hold a mass meeting at Sibanye-Stillwater's Cooke Operations on the West Rand on Wednesday morning over the alleged issuing of termination letters to more 2 000 workers at the gold mine. Reuters earlier quoted a Sibanye-Stillwater spokesperson as... 

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