R/€ = 16.43 Change: -0.05
R/$ = 14.47 Change: -0.02
Au 1302.44 $/oz Change: -1.30
Pt 834.24 $/oz Change: 1.99


Medupi, Kusile contracts were misguided, Mabuza says 

By: African News Agency      12th March 2019 The contracts to build Medupi and Kusile were badly structured, leading to corruption and making Eskom carry the cost of time overruns, Deputy President David Mabuza conceded in Parliament on Tuesday. "The contracting model did not achieve the objective of maximising local participation," Mabuza... 

Managing multiple mining projects is a breeze with Passport 360

12th March 2019 Passport 360 allows project owners to set compliance requirements and standards against multiple projects. This avoids the issue of inconsistency across sites, which often results in confusion, unnecessary travel time, duplications, cost inflation, and added risk. The contractor community is... 

Metals, engineering sector set to grow amid challenges

By: Jessica Oosthuizen     1st March 2019 Despite continuous challenges in recent years, the local metals and engineering sector is expected to show moderate growth of 1.8% this year. The various subsectors will register varied levels of growth, with some expanding and others contracting during the year. This is according to the Steel... 

Implats pumps cash, slashes debt in laudable turnaround 

By: Martin Creamer     28th February 2019 A higher platinum group metals (PGMs) rand basket price boosted by increases in palladium, rhodium and nickel resulted in an laudable operational and financial turnaround by Impala Platinum (Implats) in the six months to end December, when earnings before interest tax depreciation and... 

South Africa to increase spending on health insurance to R3bn by 2021/22

By: African News Agency      20th February 2019 South Africa will increase spending on its National Health Insurance programme at an average annual rate of 36.6 percent, from R1.2-billion in 2018/19 to R3-billion in 2021/22, the National Treasury said on Wednesday. In its 2019 budget review, the Treasury said the allocations for national... 

Eskom 'technically insolvent', won't last beyond April 2019 – committee hears

By: News24Wire      13th February 2019 Eskom is "technically insolvent" and will cease to exist at the current trajectory by April 2019, the portfolio committee on public enterprises heard. The department of public enterprises (DPE) briefed members of the portfolio committee on public enterprises on Wednesday, where the issues at... 

Proudly South African Trend Group supports local suppliers, contractors

12th February 2019 Trend Group has fine-tuned its business model in the local market, which means not only that it has evolved an in-depth understanding of the construction industry, but has formed key relationships with local contractors, guaranteeing that it can secure the best products in terms of price and... 

Rothsay expected to deliver more gold

By: Esmarie Iannucci     12th February 2019 An updated definitive feasibility study (DFS) on the Rothsay gold project, in Western Australia, has increased the project’s projected gold production from 250 000 oz to 289 000 oz. ASX-listed EganStreet Resources on Tuesday told shareholders that the forecast increase in production, which came... 

Metals, engineering sector set for third consecutive year of growth – Seifsa  

By: Tasneem Bulbulia     8th February 2019 The metals and engineering sector is set to grow for the third consecutive year in 2019, despite the past year having been generally challenging for both the global and domestic economies. This is according to the Steel and Engineering Industries Federation of Southern Africa (Seifsa), which... 

Global IT spending forecast to increase in 2019

By: Natasha Odendaal     8th February 2019 Worldwide information technology (IT) spending is projected to total $3.76-trillion in 2019 – an increase of 3.2% from 2018 – reaching $3.87-trillion by 2020. The latest forecast by research and advisory company Gartner shows growth across all segments in the next year, with IT services expanding... 

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