http://www.engineeringnews.co.za
R/€ = 17.50Change: 0.14
R/$ = 15.72Change: 0.12
Au 1217.02 $/ozChange: 11.80
Pt 978.00 $/ozChange: 8.50
 

Topic

Police deny Gordhan inquiry moved to new unit

By: Reuters     30th May 2016 South Africa's elite Hawks police unit denied on Sunday a report that an investigation involving Finance Minister Pravin Gordhan, which has helped to weaken the rand, has been transferred to another part of the force. Citing an unnamed source, the City Press newspaper said the police crime... 

South Africa needs to 'reduce noise' in its political system – Treasury official

By: Reuters     27th May 2016 South Africa has to reduce the "noise" in its politics in order to attract investment and improve confidence, a senior Treasury official said on Friday. "We have got to reduce the amount of noise in our political system, especially as it pertains to various policies that are under consideration... 

Zuma not 'at war' with Gordhan – Presidency 

By: Reuters     27th May 2016 South Africa's President Jacob Zuma is not "at war" with Finance Minister Pravin Gordhan over the control of the National Treasury, the presidency said on Friday in response to widespread media reports. Recent media reports have spoken of a clash between Zuma and Gordhan, who is embroiled in an... 

SA won't end up like Venezuela – Gordhan

By: News24Wire      27th May 2016 South Africa will not turn into “another Venezuela”, Finance Minister Pravin Gordhan said in Parliament on Thursday. “We are miles away from Venezuela. We are a well-managed fiscus,” Gordhan said at the end of a long debate on South Africa's economy. 

Gordhan says cannot predict S&P, Fitch ratings outcomes – report

By: Reuters     26th May 2016 Finance Minister Pravin Gordhan has said it was still unclear whether South Africa's debt could be downgraded by Standard & Poor's and Fitch after holding discussions with the rating agencies last week, the Financial Mail reported on Thursday. A team from S&P met officials in Africa's most... 

Ministers stall on banks intervention over Gupta blacklisting

By: News24Wire      26th May 2016 The ministers tasked with intervening in the ongoing stand-off between South Africa’s big four banks and the Gupta-owned Oakbay Investments have missed their deadline. Minister in the Presidency Jeff Radebe told Parliament via a written reply to the Democratic Alliance on Wednesday that the... 

S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns 

By: Terence Creamer     23rd May 2016 A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding on around 200 000... 

South African police says have no plans to arrest finmin Gordhan

By: Reuters     23rd May 2016 South Africa's elite Hawks police unit has no plans to arrest Finance Minister Pravin Gordhan as part of an investigation into a surveillance unit set up by the revenue service during his time in charge, a spokesman said on Monday. Gordhan, who was reinstated as Finance Minister in December, had... 

Finance Minister Gordhan 'not the criminal type' – ANC chief whip 

By: African News Agency      20th May 2016 African National Congress (ANC) chief whip in Parliament Jackson Mthembu on Thursday backed Finance Minister Pravin Gordhan, saying he was not the criminal type and called on those who were “peddling lies” about him to be caught. Addressing journalists in Parliament, Mthembu condemned weekend... 

Call for snap debate on attack against Gordhan

By: News24Wire      19th May 2016 The Democratic Alliance (DA) on Thursday called for a snap debate on what it called the political assault against Finance Minister Pravin Gordhan and the National Treasury. DA shadow minister of finance David Maynier said in a statement that he has sent a request to Speaker of the National... 

Gordhan spy charges could be unconstitutional – law expert

By: News24Wire      19th May 2016 The 1982 Protection of Information Act, which would reportedly be used to charge Finance Minister Pravin Gordhan with espionage, could be unconstitutional. According to criminal law expert James Grant, Sections 3 and 4, which prohibit obtaining and disclosing certain information, deal with... 

SA debt not unsustainable – Gordhan 

By: African News Agency      18th May 2016 South Africa’s debt had not reached unsustainable levels and the deficit was being managed well, Finance Minister Pravin Gordhan said on Wednesday. “We kept our promise that we will consolidate our fiscus ever further and above all we said we would make sure that our debt is sustainable. 

Gordhan does not know if Gupta family under investigation

By: Reuters     18th May 2016 South Africa's Finance Minister Pravin Gordhan said on Wednesday he did not know whether a wealthy family with close ties to President Jacob Zuma was under investigation on allegations of illegally moving money out of the country. The main opposition Democratic Alliance says it has written to the... 

Gordhan speaks out on arrest reports

By: News24Wire      18th May 2016 Finance Minister Pravin Gordhan says reports of his imminent arrest have been extremely distressing for him and his family. He said in a statement on Tuesday that he was not aware of any charges or further investigations until the reports surfaced over the weekend. 

South African executives delaying investment decisions – Grant Thornton

By: Anine Kilian     17th May 2016 Nearly two-thirds of South African business executives are delaying their investment decisions, while almost half are considering investing offshore, owing to uncertainty regarding the future political direction of the country. These were the findings of the latest Grant Thornton International... 

DA proposes R9.52bn amendment to Gordhan's budget

By: News24Wire      16th May 2016 The Democratic Alliance (DA) has announced that it will propose a R9.52-billion adjustment to Finance Minister Pravin Gordhan's 2016/17 budget on Tuesday. In a statement on Monday, the DA said it would propose 399 amendments to fund six proposals, aimed at improving the lives of people in South... 

Presidency slams Gordhan arrest rumours

By: African News Agency      16th May 2016 The Presidency on Sunday slammed media reports on the “imminent arrest” of Finance Minister Pravin Gordhan. “The presidency has noted the story in the Sunday Times alleging an imminent arrest of the minister of finance,” President Jacob Zuma’s spokesperson Bongani Ngqulunga said in a statement. 

Ramatlhodi's office received ex-DGs letter on State capture

By: News24Wire      16th May 2016 Public Service and Administration Minister Ngoako Ramatlhodi's office has confirmed that it received a letter purporting to be drafted by former directors general calling for an inquiry into the allegations of state capture by the politically connected Gupta family. Ramatlhodi's special advisor... 

South East Asia venture 'part and parcel' of Denel’s growth strategy

By: Samantha Herbst     11th May 2016 Continuing to defend its joint venture (JV) with steel manufacturing group VR Laser Services to establish Denel Asia, State-owned defence industrial group Denel told the Portfolio Committee on Public Enterprises in Parliament on Wednesday that its decision to extend its business footprint in... 

Ministers did meet with banks over Guptas, concedes Oliphant

By: News24Wire      11th May 2016 Labour Minister Mildred Oliphant conceded on Tuesday that a meeting between cabinet ministers and South Africa’s four banks had taken place. However, she didn’t want to provide further details, as the ministers were still to report back to cabinet on what had transpired. Oliphant responded to a... 

Guptas' Dubai move puts Treasury in spotlight

By: News24Wire      10th May 2016 National Treasury is facing a transparency test, according to David Maynier, Democratic Alliance (DA) spokesperson on finance. Maynier said he still hasn’t had word on whether the Financial Intelligence Centre (FIC), which falls under National Treasury, was conducting an investigation into the... 

Gordhan says to talk with Fitch, S&P soon over credit rating

By: Reuters     9th May 2016 South Africa will seek to convince Fitch and Standard and Poor's that the country is on the right economic track after fellow ratings agency Moody's decided not to downgrade its own rating, Finance Minister Pravin Gordhan said on Monday. Southern Africa's biggest economy won some breathing space... 

South Africa says bringing finances under control after Moody's affirms rating

By: Reuters     9th May 2016 South Africa's Treasury said on Saturday it was bringing public finances under control despite recent "adverse political development" after Moody's affirmed the country's investment-grade credit rating but kept its negative outlook. In a statement, the Treasury said President Jacob Zuma's... 

Economic status hinders nuclear developments

By: Simon Sonnekus     6th May 2016 The development of the proposed nuclear energy project in South Africa could become increasingly difficult to complete, should the economy be downgraded to junk status by credit rating companies. According to advisory firm KPMG global infrastructure major projects advisory head De Buys Scott,... 

Denel tells Gordhan: We are not arrogant and belligerent 

By: News24Wire      5th May 2016 Denel’s board said Finance Minister Pravin Gordhan’s accusation that the board and executives are “arrogant and belligerent … are unsubstantiated, baseless and unfounded”. Gordhan made the accusation during his Treasury budget debate in Parliament on Wednesday. This follows a statement in April,... 

Gordhan tells Denel to stop being ‘arrogant’ 

By: African News Agency      4th May 2016 Finance Minister Pravin Gordhan on Wednesday termed Denel, which is at loggerheads with National Treasury over a joint venture with a company linked to the Gupta family, arrogant and belligerent. “One of the tendencies that we are noting in recent times is that when boards are beginning to do... 

Finance Minister says would like SAA minority equity partner

By: Reuters     4th May 2016 South Africa's Finance Minister Pravin Gordhan said on Wednesday he favoured a minority equity partner buying into struggling national airline South African Airways (SAA) at "some stage". SAA, which has been placed under National Treasury oversight, has already had state guarantees of... 

Gordhan confident of meeting fiscal targets

By: Reuters     4th May 2016 South Africa's Finance Minister Pravin Gordhan said on Wednesday he was confident of meeting fiscal targets for 2016, but that stronger economic growth remained a challenge. In a speech to parliament, Gordhan said the budget deficit would be reduced to 2.4% of gross domestic product over the next... 

Gordhan gets tough on government procurement 

By: News24Wire      4th May 2016 The way the government buys its goods and services is getting a shake-up aimed at saving billions, Finance Minister Pravin Gordhan said on Wednesday. This includes saving a targeted R1.4-billion by reviewing the government's top 100 contracts, saving a possible R1.8-billion by having a closer... 

Business incubation can play key role in stimulating and sustaining small firms 

By: Mia Breytenbach     29th April 2016 One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the economy to expand by better than... 

Business incubation can play key role in stimulating and sustaining small firms

By: Mia Breytenbach     29th April 2016 One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the economy to expand by better than... 

Renewables programme showcases benefits of public–private collaboration

By: David Oliveira     29th April 2016 The success of the Department of Energy’s (DoE) Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is a shining example of South Africa’s ability to undertake large infrastructure programmes to boost the local economy, despite the current period of slow growth... 

Business, govt working on funding instrument for SMEs 

By: Anine Kilian     26th April 2016 CEOs and business leaders working with government to foster inclusive growth have made significant progress in identifying new areas for investment and job creation, including the design of a funding instrument for investing in high-growth small and medium-sized enterprises (SMEs), the Banking... 

Oakbay workers march to South African banks to ‘save’ their jobs

By: African News Agency      26th April 2016 Hundreds of workers from Gupta family-owned Oakbay Investments will on Tuesday march to the banks in an effort to save their jobs. The operations of Oakbay were thrown into jeaopardy after South Africa’s four main banks closed accounts of businesses owned by the controversial family. 

Nothing wrong in working with legal businesses, even with the Guptas – Denel

By: News24Wire      25th April 2016 There is nothing wrong in working with any registered, legally trading business in South Africa, whether it's with the Guptas or others, the Denel board of directors said on Saturday. This follows allegations that the board “brought the Gupta family into Denel”. City Press reported last week that... 

Commission study shows only 47% alignment between Budget and NDP

By: Terence Creamer     22nd April 2016 A preliminary analysis conducted by South Africa’s second National Planning Commission (NPC) of the current alignment between the country’s Budget and the National Development Plan (NDP) shows there to be only a 47% correlation. Nevertheless, Minister in the Presidency Jeff Radebe, who is NPC... 

Gas-to-power an industrial milestone for South Africa

     22nd April 2016 The South African government’s bold bid to procure energy from gas could position the country as an African gas leader. The Department of Energy (DoE) says development of South Africa’s gas industry could be anchored on the demand from its imminent gas-to-power programme. This makes gas-to-power... 

The case for gas as SA’s gas-to-power procurement programme looms

     22nd April 2016 By Sabine Dall’Omo The Department of Energy (DoE) says development of South Africa’s gas industry could be anchored on the demand from its imminent gas-to-power programme. 

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 $149 Close