R/€ = 0.16 Change: 0.00
R/$ = 0.14 Change: 0.00
Au 1326.53 $/oz Change: 0.00
Pt 1075.50 $/oz Change: 0.00


ANC denies it benefited from PRASA deal

By: News24Wire      26th August 2016 The African National Congress (ANC) has rejected allegations that the party had been implicated in alleged bribery by a supplier of locomotives to the Passenger Rail Agency of South Africa (PRASA). News24 on Friday morning reported that PRASA chairperson Popo Molefe had filed new court papers in... 

Transport minister denies stopping probe into irregularities at PRASA

By: African News Agency      26th August 2016 Transport Minister Dipuo Peters on Thursday denied that she had stopped a probe into possible corruption involving contracts worth billions of rand at the Passenger Rail Agency of South Africa (PRASA). “It is categorically denied that the Minister at any stage instructed any member of the PRASA... 

Centre developing clean tech SMEs to support low-carbon transition

By: Schalk Burger     26th August 2016 The Climate Innovation Centre South Africa (CICSA) of The Innovation Hub plans to increase the number of clean technology small and medium-sized enterprises (SMEs) to support the transition of government and industry to a less carbon-intense economy, says CICSA innovation specialist Nhlakanipho... 

Image processing system upgraded

By: Nadine James     26th August 2016 Multinational electronics company Omron earlier this year launched the upgraded Vision FH high-speed camera controller with enhanced optical character recognition (OCR) to allow for high-speed production line inspection without compromising on quality. Omron South Africa Vision field application... 

New fuel-economy benchmarks for diesel and petrol vehicles

By: Irma Venter     26th August 2016 A Porsche Panamera has set a new South African benchmark for how far a diesel-powered vehicle can travel on one tank of fuel, while Volkswagen’s new Passat has done the same for petrol-powered vehicles. With the backing of Continental Tyre, Porsche South Africa, Volkswagen South Africa, Total and... 

PRASA New Rolling Stock Acquisition Programme, South Africa

By: Sheila Barradas     26th August 2016 The Passenger Rail Agency of South Africa has reported that manufacturing of the trains is progressing well. 

PRASA rail signalling system project, South Africa

By: Sheila Barradas     26th August 2016 Overall completion of Phase 1 and 2 of the Gauteng signalling projects is at 28%. 

SA urged to grasp opportunities afforded by platinum and gold resurgence, rising coal exports

By: Dylan Slater     26th August 2016 According to consulting engineers and scientists SRK Consulting South Africa, the fact there are signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities it missed in the last... 

Simon Smith

By: Martin Zhuwakinyu     26th August 2016 This week we feature Simon Smith, MD of Triton-Leo, which manufactures and sells the Q20 multipurpose lubricant and the Q-range brand of products and, most recently, with the acquisition of Flight Chemical Manufacturers, manufactures and sells the Flight hand cleaner, Flight Spray Klean and M7... 

South African students receive technical training in Berlin

By: Dylan Slater     26th August 2016 As part of its domestic commitment to address South Africa’s shortage of engineers, global engineering firm Siemens is placing three top-performing South African grade 12 students in the Siemens Apprenticeship Scheme, thereby granting them a place to undergo further training in Germany.  

Grindrod records R1.1bn loss, ready to develop Coega liquid-bulk terminal

By: Irma Venter     25th August 2016 A depressed commodities market continued to take its toll on shipping and logistics group Grindrod in the six months ended June 30. Grindrod on Thursday reported a drop in revenue to R11-billion in its management income statement – which included the company’s share in joint ventures – compared... 

Bayer opens first SeedGrowth Centre in Africa

     25th August 2016 The SeedGrowth Centre has the potential to help farmers in the region to not only secure, but significantly increase their yields in key crops   Bayer South Africa has opened its first multi-million rand SeedGrowth Centre, the first of its kind for the company in Africa, at its Production... 

South32’s local coal expansion projects progressing to feasibility stage

By: Samantha Herbst     25th August 2016 While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy Coal operation, noting that both proposed expansion projects are progressing well into the... 

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

Growing govt procurement, exports can push up local content – truck makers

By: Irma Venter     25th August 2016 Increased parts localisation within the truck assembly industry in South Africa will be difficult, largely because of the relatively low number of trucks sold in the country each year, says Daimler Trucks & Buses Southern Africa executive director Kobus van Zyl. Van Zyl is also vice-chairperson... 

DoL to host workshop on explosives regulations amendments

By: Anine Kilian     25th August 2016 The Department of Labour (DoL), in partnership with the University of South Africa (Unisa), will, on August 29, host a day-long workshop to sensitise explosives industry stakeholders to explosives regulation amendments. DoL deputy director of explosives Rudzani Ramabulana says the regulations are... 

How sugar tax will create future taxpayers

By: News24Wire      25th August 2016 A sugar tax should be seen as part of the serious intervention needed to ensure the taxpayer of today is around to pay their taxes and boost the SA economy of tomorrow, Ettiene Retief of the SA Institute of Professional Accountants (Saipa), told Fin24 on Tuesday. The decision to put a tax on... 

BLSA, Basa warn of negative consequences surrounding Hawks' action against Gordhan

By: Natasha Odendaal     24th August 2016 The confidence of investors in South Africa, which has been steadily recovering on the back of joint action by government, business and labour in recent months, is now in jeopardy, says Business Leadership South Africa (BLSA). This follows media reports that the South African priority crimes... 

Liquidation order against Platfields set aside

     24th August 2016 The High Court of South Africa has set aside a provisional liquidation order against JSE-listed Platfields. The company on Wednesday said it, however, remained in settlement negotiations with the company that had implemented the liquidation proceedings against it. 

Local is Lekker

     24th August 2016 The grass is not always greener on the other side … the grass will be greener on your side when you are installing one of our new Easigrass grass ranges!   Easigrass South Africa, a division of Van Dyck Carpets, has taken the lead to redesign its entire range of 9 artificial grasses to better... 

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

South Africa not surrendering its steel industry, says Davies

By: Kim Cloete     23rd August 2016 South Africa’s steel industry is facing some serious challenges, brought on by a global steel glut of 44-million tons a year, but it is vital for the country to do everything possible to maintain a sustainable, competitive steel industry as it is of strategic importance to the country, says Trade... 

Liberty eyes year-end listing on JSE for property portfolio

By: Creamer Media Reporter      23rd August 2016 Financial services company Liberty Holdings plans to list part of its property portfolio as a real estate investment trust (Reit) to be called Liberty Two Degrees, with an expected net asset value of R10-billion, on the Johannesburg bourse by the end of the year. The listing of Liberty’s property... 

IFM completes sale of local assets to Samancor Chrome

By: Megan van Wyngaardt     23rd August 2016 As part of its ongoing business rescue process, Aim-listed International Ferro Metals (IFM) has completed the R300-million sale of its local subsidiary to Samancor Chrome. The balance of R10-million is payable upon transfer of the immovable properties, with proceeds distributed to creditors of... 

Sugar tax ‘unfair and regressive’ – BevSA 

By: Anine Kilian     23rd August 2016 The Beverages Association of South Africa (BevSA) believes that the proposed 20% tax on sugar sweetened beverages (SSBs) could trigger between 62 000 and 72 000 job losses, hurting the South African economy and exacerbating the broader fiscal and societal costs associated with unemployment.... 

Basil Read intensifies focus on integrated housing development to strengthen order book

By: Megan van Wyngaardt     23rd August 2016 Construction company Basil Read will be focusing in particular on the integrated housing development sector to drive future growth and strengthen its order book, as this “is a real opportunity for South Africa”. Speaking to Engineering News Online on Tuesday, CEO Neville Nicolau highlighted that... 

‘Sleep cities’ no longer an option for urban development

     23rd August 2016 The creation of ‘sleep cities’, far away from work opportunities, is no longer sustainable in terms of urban development. New cities have to integrate all facets of life (live, work, play) in close proximity so as to enhance quality of life for inhabitants. Urban development in general has... 

Besam door system facilitates passage of luxury vehicles through showroom

     23rd August 2016 The seamless operation of Besam bi-parting sliding door system from ASSA ABLOY Entrance Systems allows for the easy passage of vehicles in and out of a luxury vehicle show room in Fourways, Johannesburg. Managing Director of ASSA ABLOY Entrance Systems South Africa, André Aiton, explains that the... 

New unit to be set up to oversee rail local-content push

By: Terence Creamer     22nd August 2016 The Department of Public Enterprises and National Treasury will consolidate procurement for locomotives into a single institution, under Transnet, to ensure “efficiency and compliance with the localisation requirements”. The decision to set up the unit was made at the recent Cabinet lekgotla,... 

BMW launches remote-control parking in South Africa 

By: Irma Venter     22nd August 2016 Is that parking spot just too tight to allow you to get into and out of your car? Never fear, remote-control parking is here. BMW South Africa (SA) has launched its remote control parking system that allows 7 Series owners to manoeuvre in or out of a garage or forward-parking space – no parallel... 

CompComm approves AMSA’s R1.5bn settlement proposal

By: Samantha Herbst     22nd August 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... 

Trade fair to provide industry networking platform

     22nd August 2016 Trade fair food & drink technology Africa (fdt Africa) – taking place on September 14 and 15 at Gallagher Convention Centre, in Midrand – is set to provide a platform for networking in the food and beverage industry. 

Political risk, poor infrastructure and lack of geodata stymying African exploration

By: Jade Davenport     19th August 2016 It is an age old adage that, when the mining industry enters a slump, exploration budgets, particularly those designated for greenfield activities, are the first to be curtailed. This has certainly been reiterated over the last few years as the drastic slump in commodity prices and, consequently,... 

Embrace digitisation with care, GIL speakers advise

By: Kim Cloete     19th August 2016 Countries in Africa need to “lean in” towards cloud computing even though it may be uncomfortable and could cost jobs, says T-Systems South Africa MD Gert Schoonbee. “Data is the new currency. One of the key enablers of digitisation is the cloud, and it’s no good running away from it. We must... 

SKF South Africa appoints new authorised industrial distributor, enhances service delivery to customers

     19th August 2016 SKF South Africa proudly announces the appointment Bolt & Engineering Distributors Group as an Authorised SKF Industrial Distributor. With this latest agreement SKF now has 60 Industrial Authorised Distributors with an overall total of 169 distributors located throughout Southern Africa.... 

On-The-Air (19/08/2016) 

By: Martin Creamer     19th August 2016 Illegal occupation of the Obuasi gold mine in Ghana by ‘galamsey’ miners is dealing a devastating blow to South African investors. South African project engineering company DRA is hitting the high spots as a developer of new gold mines in Africa. A revolutionary new gold-mining... 

Anaergia takes over as manager of SA’s first commercial biogas plant

By: Irma Venter     19th August 2016  The day-to-day management of South Africa’s first commercial biogas plant have shifted to biogas expert Anaergia Africa, part of the Anaergia international group of companies, as from July. Anaergia Africa will manage the plant in a two-year contract. 

Brief history of 15th ICG, the first to be hosted in Africa

By: Jade Davenport     19th August 2016 The City of Cape Town is set to host the thirty-fifth International Geological Congress, the most prestigious of geoscientific conferences held every four years, between August 27 and September 4. While it is certainly an exciting occasion for South Africa, it is interesting to note that the... 

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