http://www.engineeringnews.co.za
R/€ = 14.12 Change: -0.05
R/$ = 13.22 Change: -0.13
Au 1244.71 $/oz Change: -7.74
Pt 950.00 $/oz Change: -1.00
 

Topic

President Zuma needs to reveal reasons for cancelling investor road trip – BLSA

By: Megan van Wyngaardt     Updated 6 hours ago Business Leadership South Africa on Thursday called on President Jacob Zuma to reveal his reasons for cutting Finance Minister Pravin Gordhan’s investor roadshow trip, to the UK, short. “If the President has credible and actionable reasons for the crisis unleashed by his action, he needs to tell... 

Zuma says restitution without compensation won’t lead to land grabs

By: African News Agency      Updated 7 hours ago President Jacob Zuma on Thursday said land restitution without compensation would not end in land grabs, but would restore dignity to poor South Africans. Zuma was responding to a debate in a sitting of the National House of Traditional Leaders in Parliament, and said the return of land to its... 

South Africa's Zuma considers stepping down early in deal to oust Gordhan

By: Reuters     Updated 7 hours ago President Jacob Zuma is considering offering to step down next year, at least 12 months before his term as South African president ends, under a deal with opponents in his ruling party that would see Finance Minister Pravin Gordhan leave office now, two senior party sources said. Zuma is due to... 

EFF goes to ConCourt to have Zuma impeached

By: African News Agency      30th March 2017 The Economic Freedom Fighters (EFF) would on Thursday approach the Constitutional Court to seek a directive that would order Parliament to impeach President Jacob Zuma. “The court application to the Constitutional Court seeks to order the Speaker of Parliament to institute impeachment or... 

ANC top six split on whether to fire Gordhan – sources 

By: Reuters     29th March 2017 The top six of South Africa's ruling African National Congress (ANC) are divided down the middle on whether to remove Finance Minister Pravin Gordhan, two sources told Reuters. President Jacob Zuma, who is part of the top six wants to replace Gordhan and has the support of chairperson Baleka... 

NUM goes to war over proposed Eskom power station closures

By: Natasha Odendaal     29th March 2017 The National Union of Mineworkers (NUM) on Wednesday said it was planning mass protest action over State-owned power utility Eskom’s decision to mothball five power stations to make room for independent power producers (IPPs). In an effort to “save” Eskom from bankruptcy and privatisation, as... 

Gordhan will 'open a new chapter' if sacked as Finance Minister

By: Reuters     29th March 2017 South Africa's finance minister Pravin Gordhan said on Wednesday he will "open a new chapter" of his life if speculation that President Jacob Zuma is set to sack him proves correct. Speaking after the funeral of anti-apartheid icon Ahmed Kathrada, Gordhan told eNCA television: "You deal with it... 

Expectations Gordhan will go leave South African markets on edge

By: Reuters     29th March 2017 South Africa's currency and bonds weakened again on Wednesday as expectations rise that President Jacob Zuma will sack Finance Minister Pravin Gordhan following the funeral of anti-apartheid icon Ahmed Kathrada later in the day. "Speculation is that the duo may be fired tomorrow evening, after... 

Presidency explains Zuma involvement in Pravin court matter

By: African News Agency      29th March 2017 The Presidency on Wednesday moved to explain why President Jacob Zuma’s lawyers were present at the high court in a matter in which finance minister, Pravin Gordhan, is seeking a declaration that he has no legal right to intervene in matters between banks and their clients. In a statement the... 

Zuma postpones Cabinet meeting

By: News24Wire      29th March 2017 President Jacob Zuma has postponed the start of Wednesday’s Cabinet meeting “to later this afternoon” to enable members to attend the funeral of struggle stalwart Ahmed Kathrada, the Presidency said. “President Jacob Zuma has again expressed deep sadness and extended his heartfelt condolences to... 

Gordhan says still Finance Minister despite talk of sacking

By: Reuters     28th March 2017 Finance Minister Pravin Gordhan flew back to South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said he was still the Finance Minister when asked about reports that he was about to be sacked. The rand, which trimmed its losses to 1% against the dollar following his... 

Moyane says complaints about Sars damaging the economy 

By: African News Agency      28th March 2017 South African Revenue Service commissioner Tom Moyane told MPs on Tuesday that attacks on the organisation were damaging the South African economy as it had led to lower levels of tax compliance. “Those who launch unwarranted attacks on Sars should know that they are impacting negatively on our... 

Business warns of downgrade threat amid Gordhan uncertainty

By: Natasha Odendaal     28th March 2017 The Chamber of Mines (CoM) is the latest business entity to express concern that President Jacob Zuma’s unexpected decision to cut short an international investor roadshow led by Finance Minister Pravin Gordhan will leave investors unsettled and raise the possibility of a downgrade. Media reports... 

Minister moves to calm land reform fears 

By: News24Wire      28th March 2017 Minister of Rural Development and Land Reform Gugile Nkwinti has said the country needs clarity on the ruling party's current stance on land, and that the ANC is still guided by the provisions in the Constitution. Nkwinti held a media briefing in Parliament on Tuesday to update the country on a... 

Zuma court move in Gupta matter fails

By: News24Wire      28th March 2017 President Jacob Zuma’s legal representatives declined to join proceedings in the matter between Finance Minister Pravin Gordhan and Gupta-owned Oakbay Investments. On Monday Zuma entered the case, which involves 14 companies owned by the Guptas, National Treasury, the Reserve Bank governor, the... 

Gordhan returns, says 'let's wait and see' on sacking

By: Reuters     28th March 2017 Finance Minister Pravin Gordhan flew back into South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said "let's wait and see" when asked about reports that he was about to be sacked. The rand fell sharply after Zuma ordered Gordhan's immediate return from a trip to... 

Rand, government bonds tumble as political risks weigh

By: Reuters     28th March 2017 South Africa's rand and government bonds extended losses early on Tuesday after President Jacob Zuma asked Finance Minister Pravin Gordhan to return early from an investor roadshow, triggering speculation of an imminent cabinet reshuffle. At 0645 GMT, the rand traded at 12.9950 per dollar, 2%... 

BLSA calls for cool heads after Gordhan’s mid-roadshow return

By: Natasha Odendaal     28th March 2017 Business Leadership South Africa (BLSA) has cautioned on the consequences of the ill-advised, “unexpected and unexplained” request by President Jacob Zuma for Finance Minister Pravin Gordhan to return to South Africa midway through an international investor roadshow to the UK and the US. The... 

Gordhan to return from London ahead of Gupta court case

By: Reuters     28th March 2017 Finance Minister Gordhan ordered home from London ahead of Gupta court case is set to return to South Africa early on Tuesday after being ordered home from London by President Jacob Zuma, hours before a court hearing over the closure of accounts belonging to friends of the president. Zuma's order... 

Outrage over Zuma's order to Gordhan, Jonas 

By: News24Wire      27th March 2017 President Jacob Zuma's instruction to Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas to immediately return home from an investor roadshow in the UK and US has raised eyebrows among the opposition and civil society. "The instruction to cancel the international investor roadshow... 

Gordhan flying back to SA tonight – Treasury

By: News24Wire      27th March 2017 Finance Minister Pravin Gordhan will comply with President Jacob Zuma’s order and return to South Africa on Monday evening. That is according to Treasury spokesperson Yolisa Tyantsi, who told Fin24 on Monday that arrangements were being made to fly him back to South Africa later on Monday evening. 

Zuma orders Gordhan home from UK talks with investors

By: African News Agency      27th March 2017 President Jacob Zuma on Monday ordered Finance Minister Pravin Gordhan and Deputy Finance Minister Mcebisi Jonas to abandon talks with foreign investors in the UK and US and return home, prompting the rand to fall amid fears of a Cabinet reshuffle. “President Jacob Zuma has instructed the... 

Zuma recalls Gordhan from international roadshow, rand falls

By: Reuters     27th March 2017 President Jacob Zuma ordered Finance Minister Pravin Gordhan to return from an investor roadshow to Britain and the US on Monday because he "did not give permission for the trip", a government source said. Appointed in late 2015 after a predecessor's sudden sacking, Gordhan was in London for the... 

Gordhan on getting South Africa’s growth, transformation dynamic right 

By: Terence Creamer     24th March 2017 Finance Minister Pravin Gordhan has again responded to questions about whether his ‘inclusive growth’ narrative is at odds with the ‘radical economic transformation’ vision being espoused by President Jacob Zuma. Addressing businesspeople at a function hosted by Deloitte in Johannesburg on... 

Opportunities from the Indian Ocean Rim

By: Riaan de Lange     24th March 2017 Indian Ocean Rim Association Well, this certainly is a blast from the past. It was a long time ago. I had just joined the then South African Chamber of Business (Sacob) – on March 1, 1995 – and, within a few days, I was jetting off to Mauritius. I thought that I had hit the big time, and yes, the... 

State of the township economy

By: Sydney Majoko     24th March 2017 During this year's chaotic State of the Nation address (Sona), in February, President Jacob Zuma promised that, in line with the radical economic development that government is embarking on, the State will use its buying power to boost and empower small business enterprises, especially rural and... 

Coal transporters take Eskom, government to court 

By: African News Agency      23rd March 2017 The Coal Transporters Forum (CTF) has approached the high court, seeking an interdict to bar Eskom from entering into contracts with renewable energy independent power producers (IPPs) as envisaged by government. At a press briefing in Pretoria on Thursday, CTF spokesperson Mary Phadi however... 

We need to change how we use water – World Bank

By: News24Wire      23rd March 2017 The world needs to transform the way it manages its water, Professor Patrick Verkooijen of the World Bank said on Wednesday. To accelerate the transformation, World Bank President Jim Kim and UN secretary general Antonio Guterres are convening a high-level panel on water with 11 heads of state,... 

Zuma unveils UN's global water and sanitation plan

By: News24Wire      23rd March 2017 President Jacob Zuma unveiled the UN's broad-based plan to provide water and sanitation for ten-billion people by 2030 on Wednesday. Zuma was part of the UN's high level panel on water and sanitation. 

Namibian President calls for land expropriation

By: Reuters     22nd March 2017 Namibia's president said Tuesday that the government is considering radical land expropriation to spur the transfer of property to the country's black majority. Speaking at Namibia's 27th independence celebrations, President Hage Geingob said the government should evoke part of the Constitution... 

South Africa asks World Bank to review ease-of-doing-business position in light of InvestSA initiative 

By: Terence Creamer     17th March 2017 The South African government has officially launched a new investment facilitation service, dubbed InvestSA, which it claims will dramatically reduce red tape for foreign and domestic businesses seeking to pursue greenfield or brownfield projects in the country. The service, which has both... 

DAFF to assist agricultural sector increase production  

By: Anine Kilian     17th March 2017 The Department of Agriculture, Forestry and Fisheries (DAFF) plans to boost agricultural production, which was severely affected by the drought in recent years. Addressing delegates at the Agricultural Research Symposium 2017 in Centurion, Gauteng, on Friday, Agriculture, Forestry and Fisheries... 

DBSA backs key highway project in Kenya

By: John Muchira     17th March 2017 The Development Bank of Southern Africa (DBSA) has agreed to avail $572.8-million debt funding for a key highway project in Kenya. Kenya Transport principal secretary Irungu Nyakera says the funds are already available for the 580 km Lamu-Garissa–Isiolo highway, which forms part of the Lamu Port... 

Eskom initiates talks on triggering government support to cover IPP costs 

By: Terence Creamer     15th March 2017 Eskom has written to the signatories of the Government Support Framework Agreement (GSFA) – which guarantees support for the State-owned utility in meeting its obligation to buy electricity from renewable-energy independent power producers (IPPs) – to discuss a possible triggering of government... 

ANC wants Presidency to have more powers to allocate State resources

By: News24Wire      13th March 2017 The frican National Congress (ANC) has proposed that the Presidency be strengthened to become a "strategic centre of power" in government, driving resource allocation within the state. This is one of the key proposals in the governing party’s policy document on legislature and governance released... 

PRASA locomotives contractor paid ANC 'fundraisers' 

By: News24Wire      10th March 2017 Less than a week after PRASA made its first payment of nearly R500-million to the supplier of the controversial Afro4000 locomotives, the latter's managing director paid an amount of R14.3-million into the account of a lawyer who had introduced himself as a fundraiser for the African National... 

UN World Water Development Report to be launched in Durban

By: Megan van Wyngaardt     8th March 2017 President Jacob Zuma will launch the seventeenth edition of the United Nations (UN) 'World Water Development Report', focusing on the critical role of wastewater management for vibrant economies, resilient societies and the maintenance of healthy environments, at the World Water Day Summit, in... 

Taking the gap

By: Terence Creamer     3rd March 2017 Like a Mamelodi Sundowns striker against a hapless Orlando Pirates defender, Finance Minister Pravin Gordhan skilfully took the gap left by President Jacob Zuma in defining what is meant by “radical socio-economic transformation”. Only days earlier the President had a real opportunity to use the... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close