R/€ = 17.08 Change: -0.59
R/$ = 15.50 Change: -0.93
Au 1321.33 $/oz Change: 4.58
Pt 979.00 $/oz Change: -6.00


Renewable-energy costs rapidly decreasing – SolarReserve

By: Anine Kilian     Updated 2 hours 17 minutes ago Concentrated solar power (CSP) plants with storage systems are expected to result in lower installation costs as global deployment accelerates. Proposed projects for future development were already seeing a 30% reduction in capital costs, utility-scale solar power project developer SolarReserve... 

Vandalised assets costing PRASA millions, raises concern over risk to new rolling stock

By: Natasha Odendaal     Updated 2 hours 43 minutes ago The Passenger Rail Agency of South Africa (PRASA) on Monday said extensive, ongoing incidences of vandalism against, and theft of, its assets had severely impacted on services, threatened safety and cost the operator some R331-million it could ill afford to lose. The ongoing incidents of... 

First new PRASA trains to enter service in Pretoria in October

By: Irma Venter     Updated 4 hours ago The first new passenger trains to be delivered according to a multibillionrand contact signed between Gibela and the Passenger Rail Agency of South Africa (PRASA), were set to enter service in October, said PRASA strategic asset development group executive Piet Sebola on Monday. Speaking at a... 

Substantive mineral law issues still far from resolved – Herbert Smith Freehills 

By: Martin Creamer     Updated 6 hours ago The content and the implications of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill are extraordinarily complicated. Three issues, which embody the most significant negative implications for the mining industry and South Africa, have been delaying the finalisation of... 

PPC enters into standby underwriting agreement in support of R4bn rights offer

By: Creamer Media Reporter      27th June 2016 The share price of JSE-listed cement producer PPC rose by 8.9% on Monday morning after the company announced that it had entered into a standby underwriting agreement to support its proposed R4-billion rights offer. PPC had appointed a syndicate of banks, including Standard Bank South Africa,... 

South Africa has lost respect in Africa – Mbeki

By: News24Wire      27th June 2016 Former President Thabo Mbeki said South Africa has lost the respect of countries, both in Africa and globally,  which had invested in its success. Speaking in Johannesburg on Friday night at the launch of The Thabo Mbeki I Know , a book written by various contributors about him, Mbeki said it... 

Big ‘focus’ on ensuring rail OEMs meet local-content commitments 

By: Terence Creamer     24th June 2016 A senior Department of Trade and Industry (DTI) official “promised” on Friday that the department was giving focused attention to ensuring that the local-content targets associated with Transnet’s R50-billion locomotive procurement programme were met. Chief director for industrial procurement Dr... 

Portfolio committee chair questions DTI’s exclusion from ‘steel committee’

By: Terence Creamer     24th June 2016 The Portfolio Committee on Trade and Industry has raised serious concern about the exclusion of the Department of Trade and Industry (DTI) as a direct participant in so-called ‘steel committee’ set up to monitor interventions made to shore up the domestic primary steel industry, which is under... 

Industrial Equipment range brings cost and energy-saving benefits to the Namibian mining sector through Renttech SA’s branch SA Welding in Walvis Bay

     24th June 2016 Renttech South Africa’s pan-African expansion strategy is well on track with the company’s new branch in Namibia. Featuring a broad range of well-known names in welding machinery and consumables, lifting and rigging equipment, as well as diesel generators and compressors, Renttech - situated in... 

Union threatens to strike over SABMiller scheme

By: Reuters     24th June 2016 South Africa's Food and Allied Workers Union (Fawu) said on Thursday it will strike and may take legal action if no agreement is reached with brewer Anheuser-Busch InBev on SABMiller's plan to give blacks a larger role in the business. AB InBev, the world's largest brewer, last month gained... 

Bridging sustainability reporting gap

     24th June 2016 Taking stock of business requirements and reporting on active participation, have become a vital part of scaling up the value for any successfully-driven business, says African infrastructure solutions provider GIBB sustainability consultant Lowrens van der Merwe.  

Conference celebrates 19 years of success

By: Victor Moolman     24th June 2016 The longest running rail conference and exhibition in Africa, Africa Rail, will mark its nineteenth year of existence, says international business to business media company Terrapinn. 

International company sees local potential

     24th June 2016 Earlier this year Reelcare was proud to announce the expansion of its successful UK business as the company now have an operation based in South Africa. The company has set up its hose and cable reel business in a fully stocked warehouse facility located in Wadeville in Gauteng. Reelcare sales... 

Isuzu expects South Africa’s new truck market to slump again in 2016

By: Irma Venter     24th June 2016 The South African new-truck market will probably drop 13.2% in 2016, to 26 500 units, compared with 2015, says Isuzu Trucks South Africa (ITSA) COO Craig Uren. Next year holds little promise for recovery, with the market currently forecast at around 27 500 units or less, he adds. 

Lack of government expenditure hits hard on firms

By: Sebastian Whyle     24th June 2016 Despite infrastructural investment promises made by government, engineering consulting service provider SMEC South Africa CEO Kostas Rontiris tells Engineering News that investment in civil infrastructure has not been up to scratch in recent times, which has seen big consulting firms increase... 

List of local suppliers for new passenger trains continues to grow

By: Irma Venter     24th June 2016 The number of local suppliers in the R51-billion contract to produce 600 new passenger trains for the Passenger Rail Agency of South Africa (PRASA) has reached 32. Six trains have been completed and shipped to South Africa to date. These units form part of an order of 20 that are being imported... 

Microgrid technologies can help unlock electrification

By: Mia Breytenbach     24th June 2016 Large scale centralised generation will increase with the development of grid solutions, which will include an increase in focus on microgrid and standalone home systems, as well as off-the-grid, distributed generation solutions, expects advisory firm PWC Power, Capital Projects, and... 

Microwave communication range launched after company link-up

By: David Oliveira     24th June 2016 Information and communications technology (ICT) provider Netshield South Africa, a Westcon-Comstor Southern Africa company, launched the product range of leading microwave research and production company Youncta in Pretoria earlier this month. Netshield is the sole distributor of Youncta products... 

No-dig pipeline renovations an efficient alternative

By: Sascha Solomons     24th June 2016 Needle punch products manufacturer Fibertex asserts that the Fibertex KAVI felts, which is a textile that is produced by matting, condensing and pressing fibres together, has numerous advantages over conventional open trench pipe repair procedures. Fibertex South Africa business development... 

Partnership to increase infrastructure growth

     24th June 2016 Three international firms consisting of the technology developer General Electric (GE) Africa, multi-industry company Mara Group and financial institution Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects such as rail... 

Rail upgrade project largest in the world

By: Victor Moolman     24th June 2016 The new rolling stock procurement programme from the Passenger Rail Agency of South Africa (PRASA) is the largest passenger rail and system upgrade in the world, says professional service firm KPMG. 

Transport demand underestimated

By: Victor Moolman     24th June 2016 The number of passengers that could use rail transport has been grossly underestimated, says WSP Parsons|Brinckerhoff Africa (WSP) Transportation and Infrastructure divisional director Vishaal Lutchman. 

BevSA welcomes KPMG sugar report 

By: Anine Kilian     23rd June 2016 The Beverage Association of South Africa (BevSA) has welcomed a report by accounting and auditing firm KPMG calling for a socioeconomic impact assessment (SEIAS) of the sugar tax proposed by National Treasury.   In the report, titled ‘Taxing your sweet tooth – Effective nudge or economic... 

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... 

Chevron South Africa and Caltex with Techron® growing innovations within the fuel segment

     23rd June 2016 Ever conscious of the needs of motorists, the Caltex™ brand has reformulated its signature additive package with the addition of new Clean & Glide Technology™.   The new active ingredients are specifically formulated to clean and protect metal surfaces within the engine. This formulation is at... 

ActionAid South Africa launches report highlighting human rights violations at Anglo Platinum mine

     23rd June 2016 ActionAid South Africa (AASA) will be launching their latest research report titled, Precious Metals II – A Systemic Inequality. The report is a follow up to a similar study in 2008, and as such, demonstrates how Anglo Platinum has not delivered on their promises, and how the lives of people... 

One Macmahon worker shot dead, seven expats kidnapped in Nigeria

By: Mariaan Webb     23rd June 2016 Mining services company Macmahon on Thursday confirmed the abduction of seven of its employees, including three Australians, two Nigerians, a New Zealander and a South African, at its operations near Calabar, in Nigeria. The security incident also led to the death of a local Macmahon employee,... 

RBCT unveils new R49m coal sampling lab

By: Martin Creamer     22nd June 2016 The new R49-million coal sampling laboratory opened at the Richards Bay Coal Terminal on Wednesday ensures faster sample turnaround times from a state-of-the-art facility built in partnership with leading sampling service provider SGS South Africa. SGS, which employs 2 500 employees in South... 

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... 

Bidvest McCarthy invests in Isuzu Trucks dealership

By: Anine Kilian     21st June 2016 Vehicle retailer Bidvest McCarthy has invested in an Isuzu Trucks dealership strategically situated just off the N4 at Gateway Industrial Park in Pretoria East. The Bidvest industrial conglomerate was extensively involved in freight management, logistics services, terminal operations and marine... 

SABMiller CEO to get R1.2bn payout – report

By: News24Wire      21st June 2016 SABMiller CEO Alan Clark will get a R1.2-billion (£55m) payout when Anheuser-Busch (AB) InBev takes over the company, the Financial Times (FT) revealed on Tuesday. Crunching the numbers from SABMiller’s annual report released on Monday, the UK-based finance publication said while Clark’s... 

Acquisition of SABMiller by Anheuser-Busch InBev to come before the Tribunal

     20th June 2016 From 22 to 24 June the Competition Tribunal will hear the proposed large merger between beer and cider giants Anheuser-Busch InBev SA/NV (AB InBev) and SABMiller plc (SABMiller). The hearing follows the Competition Commission’s recommendations to the Tribunal that the merger be approved with... 

MTN announces new group CEO, several board posts

By: Natasha Odendaal     20th June 2016 Telecommunications giant MTN on Monday announced the appointment of Rob Shuter as group president and CEO following  a global search in the wake of the resolution of the “Nigerian dispute”. Shuter would assume the new role by no later than July 1, 2017, as he wrapped up his current obligations as... 

Patel to face competition watchdog in SABMiller merger

By: News24Wire      20th June 2016 The Competition Tribunal expects to hear a submission from Economic Development Minister Ebrahim Patel in the biggest proposed beer deal in history between Anheuser-Busch (AB) InBev and SABMiller. The proposed R1.657trn merger plan was reached in November as a way to gain access to emerging... 

Atlas Copco exposes teenage girls to working environment & future career options

     17th June 2016 In acknowledgment of the importance of empowering young women for the promotion of socio-economic growth in South Africa, Atlas Copco invited 24 Grade 11 and 12 learners from Lethukuthula Secondary School, situated in Katlehong on the East Rand to share sound advice and career planning with the... 

Suzuki introduces first commercial vehicle to the local market

By: Irma Venter     17th June 2016 Suzuki Auto South Africa (SASA) has launched its first commercial vehicle in the local market, in the form of the Super Carry ultracompact bakkie. SASA says South Africa is the first market outside of India – where the Super Carry is manufactured – to introduce the newcomer. 

On-The-Air (17/06/2016) 

By: Martin Creamer     17th June 2016 Botswana taking steps to export electricity to South Africa; There is a new way of mining and this has the potential to make mining saver and more productive; Mining has been given a boost with the reopening of Joburgs once world renowned Research Organisation. 

Aerosud Aviation exceeds growth objectives

     17th June 2016 In 2014, Aerosud Aviation was comprehensively restructured to ensure continued strong growth. This included recognition by the Industrial Development Corporation (IDC) of the business as a national strategic industrial asset, with the IDC investing in a substantial financial stake in the company... 

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