R/€ = 16.26 Change: 0.18
R/$ = 14.66 Change: 0.12
Au 1334.52 $/oz Change: 17.84
Pt 1030.50 $/oz Change: 13.00


Durban port upgrade and expansion project, South Africa

By: Sheila Barradas     1st July 2016 Having postponed any immediate development of the Durban Dig-Out Port, Transnet National Ports Authority is progressing with two more modest projects to expand the container capacity at the Port of Durban. 

Electrical engineering during WWII – Part 3

By: Terry Mackenzie-hoy     1st July 2016 German and British scientists knew that radar was going to be an important component in the Second World War. However, at the beginning of the war, while both sides had developed radar systems, neither was sure that the other side had done the same. The prime mover on British radar technology was... 

Ukhta – Torzhok-2 gas pipeline project, Russia

By: Sheila Barradas     1st July 2016 The Ukhta – Torzhok-2 gas pipeline project aims to ensure the delivery of the required gas volumes to north-western Russia for domestic consumption and export purposes. 

S Africa still reliant on coal, struggling to transition to low-carbon economy

By: Anine Kilian     29th June 2016 South Africa is the twelfth-greatest emitter of greenhouse gases (GHGs) in the world, as well as the biggest polluter on the African continent, according to German political foundation Friedrich Ebert Stiftung (FES) South Africa director Renate Tenbusch, speaking at a roundtable event on black... 

World Bank ranks S Africa among top 20 in logistics report  

By: Anine Kilian     28th June 2016 South Africa was ranked at 20 out of 160 countries based on income grouping and trade logistics performance in the latest edition of the World Bank’s Logistics Performance Index, which was a part of biannual report titled Connecting to Compete 2016: Trade Logistics in the Global Economy. The... 

Volkswagen's US diesel emissions settlement to cost $15bn – source

By: Reuters     28th June 2016 Volkswagen AG's settlement with nearly 500 000 US diesel owners and government regulators over polluting vehicles is valued at more than $15-billion cash, two sources briefed on the matter said on Monday. The settlement, to be announced on Tuesday in Washington, includes $10.03-billion to offer... 

Huge Brexit bonanzas for AngloGold, Gold Fields – Moody’s

By: Martin Creamer     27th June 2016 As a result of Britain deciding to exit the European Union, two South African gold mining companies are heading for huge free cash bonanzas, ratings agency Moody’s said on Monday. AngloGold Ashanti is set to generate an additional $120-million in free cash flow in the second half of 2016 and Gold... 

Volatile rand dives over Brexit as Fed silver lining emerges

By: News24Wire      27th June 2016 The rand remained the worst performing emerging market currency on Monday, but an analyst said there is a silver lining for the local unit. It continued to show its volatile nature on Monday, after losses against the dollar swung between 2% and 8.5% on Friday. 

Businesses are experiencing uncertainty – Gordhan

By: News24Wire      27th June 2016 Finance Minister Pravin Gordhan said following the result of the Brexit referendum, in which 52% of Britons voted to leave the European Union, developing countries, including South Africa, were experiencing volatility in business. In an interview with Power FM on Sunday, Gordhan said the jumping... 

Brexit could push gold price as high as $1 400/oz in coming weeks

By: Ilan Solomons     24th June 2016 Gold and silver prices on Friday surged above their 2016 highs in the wake of the outcome of the British referendum to leave the European Union (EU) – the so-called Brexit. Fitch Group research firm BMI on Friday said it expected additional gains for these precious metals over the coming weeks. 

‘Staggering’ uncertainty driving gold – World Gold Council

By: Martin Creamer     24th June 2016 With Britain voting to exit the European Union, the World Gold Council expects to see strong and sustained inflows into the gold market driven by the "staggering" level of protracted uncertainty that investors now face. The council said on Friday that gold’s surge to $1 313.85/oz was providing... 

Britain votes to leave EU, Cameron quits

By: Reuters     24th June 2016 Britain has voted to leave the European Union, forcing the resignation of Prime David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Global financial markets plunged as results from Thursday's referendum showed a near 52% to 48% split for leaving. 

Cape Town doctor aiming to rewrite the sports safety-gear script  

By: Irma Venter     24th June 2016 Fifteen years ago, Dr Chris Leatt witnessed the death of a fellow motorcycle rider a few weeks after his four-year-old son, Matthew, got on a bike and fell in love with the sport. “Alan Selby had fallen at the top of a hill and I travelled up with the paramedic to assist,” says Leatt from his... 

Cape Town doctor aiming to rewrite the sports safety-gear script

By: Irma Venter     24th June 2016 Fifteen years ago Dr Chris Leatt witnessed the death of a fellow motorcycle rider a few weeks after his four-year-old son, Matthew, got on a bike and fell in love with the sport. “Alan Selby had fallen at the top of a hill and I travelled up with the paramedic to assist,” says Leatt from his home... 

German train operator orders more train units

     24th June 2016 Rail technology leader Bombardier Transportation has won a contract to supply German rail operator Abellio Rail Südwest GmbH with 43 Bombardier Talent 2 multiple unit trains. The order is valued at about €215-million. 

Slow economic growth challenges local engineering industry

By: Sebastian Whyle     24th June 2016 Infrastructure projects, consulting and project management services provider Aecom Africa CEO Carlos Poñe tells Engineering News that low economic growth in South Africa is a major challenge for the consulting engineering industry.  

Summit brings governments, operators and investors together

     24th June 2016 Regional and international stakeholders for East and Central Africa's transport infrastructure sector will be gathering once again at the seventh East & Central Africa Roads & Rail Infrastructure Summit 2016 (Roads & Rail 2016) to be held on September 27 and 28 in Dar es Salaam, in Tanzania. 

AFC nets $150m loan facility

By: Natasha Odendaal     23rd June 2016 International investment grade multilateral finance institution Africa Finance Corporation (AFC) has secured a $150-million, 15-year loan facility from Germany’s KfW Development Bank (KfW) to refinance core projects in power, telecommunications, transport and heavy industries across Africa.... 

Austrian chancellor says need fair competition for steel exports

By: Reuters     23rd June 2016 Austrian Chancellor Christian Kern said he had agreed in talks with Germany's Angela Merkel on Thursday that a level playing field was needed for steel exports and that the two had discussed ways of tackling 'dumping' from China. "We discussed how to deal with steel exports given dumping... 

Fastener Fair India 2016: New Delhi edition hits the heights, ending with positive results

     23rd June 2016 The fourth edition of Fastener Fair India took place in the country’s capital city, New Delhi, for the first time from 19-20 May 2016. The exhibition attracted 2,651 Indian and international visitors and 151 exhibiting companies were present at the two-day event. The majority of exhibitors were... 

ABB delivers largest multi-million rand high voltage gas insulated switchgear (GIS) board to new Sebenza intake substation near Kempton Park

     23rd June 2016 ABB South Africa has delivered its largest 132kV high voltage gas insulated switchgear board as part of a multi-million rand order to City Power's new Sebenza intake substation. The new 1000MVA 400 kV/275 kV/132 kV Sebenza intake substation near Kempton Park will strengthen City Power’s... 

EuroBLECH 2016 presents online competition “The New Generation of Sheet Metal Working”

     23rd June 2016 After the great success of the first online competition in 2014, EuroBLECH 2016 is presenting this year “The New Generation of Sheet Metal Working”. The online competition will reward six organisations or individuals in the sheet metal working industry for best practice, innovation, excellence... 

China's Minmetals signs $3bn copper purchase agreement with Poland's KGHM

By: Reuters     22nd June 2016 State-owned metals trader China Minmetals Corp has agreed to buy copper from Poland's KGHM with a total contract value of $3 billion, the Chinese firm said in a posting on its website on Tuesday. The company did not disclose the volume of the contract or how long it would run. 

South Africa’s stands at 49/70 in 2016 Global Country RepTrak® Study

     22nd June 2016 Brand South Africa, today joined Reputation House and the Wits Business School in announcing the results of the 2016 Global Country RepTrak® Study.  South Africa stands at 49 of 70 countries assessed in the study scoring highly on the beauty of the country and the warmth and friendliness of the... 

K+S on track to start August commissioning of $4.1bn Legacy project

By: Henry Lazenby     21st June 2016 Germany's K+S Potash Canada (KSPC) on Tuesday said its $4.1-billion Legacy potash project, in Saskatchewan, was on track to start commissioning activities by the end of August, with the aim of producing the first tonne of potash before year-end. KSPC broke ground on the project – the first new... 

The state of the European plastics industry

     21st June 2016 Despite a host of issues to tackle that range from marine waste to multiple force majeures at materials suppliers, the European plastics industry approaches K 2016 in a good state of health and with cautious optimism. But there are still many hills to climb. Plastics industry consultant Applied... 

Konecranes introduces the BOXPORTER RMG

     21st June 2016 On the 14th of June at the TOC Europe exhibition in Hamburg, Germany, Konecranes introduced a new Rail Mounted Gantry crane (RMG) to the world: the BOXPORTER. This new crane offers the clearest view in intermodal container handling with its “smarter cabin”, which gives the operator superb... 

Fighting for market share - manufacturing CEOs report aggressive growth strategies: KPMG International

     20th June 2016 More than half categorise growth strategies as ‘aggressive’; more than one-in-six say growth strategy is ‘very aggressive’. New markets beckon; Switch on who wants it most. India and China making moves  The 2016 KPMG International Global Manufacturing Outlook stated that seventy-four percent of... 

Lantek: Software offering custom-built solutions for the railway industry

     17th June 2016 Ever faster, ever more reliable... From the first steam trains to old-time locomotives right up to the high speed TGV, the railway world has always been at the cutting edge of progress and technological innovation. To meet the challenges of today and particularly tomorrow, key companies within... 

LG Chem approves the Ingeteam hybrid inverter for use with the RESU Series batteries

     17th June 2016 LG Chem, a leading energy storage system manufacturer, has approved the use of its RESU 6.4 EX battery with the Ingeteam INGECON® SUN STORAGE 1Play hybrid inverter. With a capacity of 6.4 kWh, the lithium-ion battery made by LG Chem is designed for residential and commercial use, storing... 

SA citizens need more visa-free deals to up global ranking

By: News24Wire      17th June 2016 South Africa, which ranks 89th out of 161 on a new index that measures the quality of a nationality, should improve visa-free travel status for its citizens to increase its ranking. That’s the message from Henley & Partners SA spokesperson Sandra Woest, who spoke to Fin24 about the release of... 

Air passenger traffic forecast to double over next 15 years

By: Keith Campbell     17th June 2016 Worldwide, air transport has proven very resilient over the past 45 years, despite periodic major crises. This was highlighted by Airbus Chief Operating Officer Customers John Leahy to international aerospace journalists at the company’s recent Innovation Days briefing in Hamburg. Since 1970,... 

Equipment supplier strengthens bonds with German companies 

By: Simon Sonnekus     17th June 2016 The continued quality of German products has allowed Boksburg-based capital equipment and consumables provider Elquip Solutions to thrive in a challenging local market. According to Elquip Solutions MD Mike Cronin, the resounding quality of the German-made electrical, automation and mechanical... 

Prioritise labour-intensive industries – EU Chamber

By: Nadine James     17th June 2016 The European Union Chamber of Commerce and Industry in Southern Africa (EUCCIISA) believes that the manufacturing sector and the Department of Trade and Industry (DTI) should prioritise less complex, labour-intensive production – as opposed to high-end, high-precision production –  to increase... 

South African problems pose difficulties for German companies

By: Simon Sonnekus     17th June 2016 German companies aiming to enter the South African market in the near future will face several adversities, including visa regulations, a weakening currency and stringent regulations, says the Southern African–German Chamber of Commerce and Industry (SAGCC). Germany, South Africa’s biggest... 

The Fastener Factory

By: Zandile Mavuso     17th June 2016 South Africa-based fasteners supplier The Fastener Factory – which will be celebrating its 1st birthday in July – offers a specialist supply and support service to diverse industries throughout the country. These industries include the automotive, engineering, packaging, printing, agriculture,... 

EU reaches outline deal to stem flow of conflict minerals

By: Reuters     16th June 2016 The European Union agreed an outline deal late on Wednesday on a law to clean up the commodities supply chain to stem the use of gold and other metals from conflict zones. Human rights campaigners said the agreement was progress after months of argument but did not go far enough. Industrial... 

As lithium demand rises, investors sharpen focus on Chile, Argentina and Bolivia

By: Henry Lazenby     14th June 2016 In line with the breakneck growth in lithium demand, driven by the unprecedented use of the soft, silver-white metal in new battery technologies, investors are increasingly scrutinising South American countries such as Bolivia, Chile and Argentina, where about 70% of the world’s known lithium... 

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