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KPMG to lead the energy conversation at the 2017 African Utility Week

     Updated 1 hour 31 minutes ago KPMG’s commitment to create agile utilities in the energy sector across Sub-Saharan Africa, has motivated the Firm to take up a diamond sponsorship opportunity at the 2017 African Utility Week. The 17th annual African Utility Week is the only global meeting place, conference and trade exhibition... 

African Utility Week returns to Cape Town in May and showcases how community scale projects are the continent’s energy future

     Updated 1 hour 41 minutes ago Expo and conference to focus on major industry trends “The power and energy landscape in Africa is undergoing significant change” says Evan Schiff, African Utility Week event director, adding that current trends include “the availability of private investment for power and energy projects, the... 

Organic growth in local companies to boost employment, but scarce skills a concern – PwC 

By: Megan van Wyngaardt     17th January 2017 Amid the country’s rising unemployment rate, 83% of South African CEOs are confident about their company’s prospects for revenue growth over the next year, which will result in an increase in headcount. In its eighth South African edition of the yearly Global CEO Survey, financial services firm... 

Too early to speculate on US trade policy, says South African auto body

By: Irma Venter     17th January 2017 It is too early to speculate on the effects the incoming Trump administration may have on automotive trade between South Africa and the US, says National Association of Automobile Manufacturers of South Africa (Naamsa) director Nico Vermeulen. “It is best to wait for the installation of the new... 

Ford South Africa recalls Kuga model  

By: Anine Kilian     16th January 2017 Ford South Africa has recalled its 1.6 litre Ford Kuga model. CEO Jeffrey Nemeth on Monday said the recall was limited to 1.6 litre models manufactured in Valencia, Spain, between December 2012 and February 2014. About 4 556 vehicles will be affected by the safety recall. 

Fedusa takes aim at SoEs with Section 77 notice  

By: Natasha Odendaal     16th January 2017 The Federation of Unions of South Africa (Fedusa) is taking a stand against government’s alleged failure to appoint “suitably qualified, accountable, responsible and responsive” management at some of South Africa’s vital parastatals. A Section 77 Protest Action Notice has been lodged with the... 

Wealth of top three South African billionaires equal to that of bottom half of country's population

By: News24Wire      16th January 2017 The wealth of the top three South African billionaires is equal to that of the bottom half of the country's population, Oxfam South Africa (SA) said in a report released on Monday. The report, entitled ‘An economy for the 99%’, coincides with the upcoming forty-seventh World Economic Forum (WEF)... 

BMW SA to escape effects of Trump’s 35% duty threat

By: Irma Venter     16th January 2017 BMW Group South Africa (SA) on Monday said it would not suffer any negative effect from US president-elect Donald Trump’s threat to implement a 35% import duty on German cars. BMW Group SA exports the 3 Series from its Rosslyn plant, in Tshwane, to the US. 

Competition authorities approve Kgalagadi Manganese takeover

By: Megan van Wyngaardt     16th January 2017 The Competition Tribunal has approved the merger between Kgalagadi Alloys and Kalagadi Manganese without conditions. Kgalagadi Alloys will acquire Northern Cape-based Kalagadi Manganese. 

Toyota Gazoo misses out on podium spot at Dakar 2017

By: Irma Venter     16th January 2017 Winning the gruelling Dakar race has again proved an elusive goal for the Toyota Gazoo Racing team. The team could not secure a podium position in this year’s rather chaotic race, following its third spot last year. 

Clover expands product offering through acquisition of olive oil manufacturer 

By: Megan van Wyngaardt     16th January 2017 JSE-listed Clover has acquired the Olive Pride business from Southern Canned Products (SCP), which is a wholly-owned subsidiary of explosives and specialty chemicals company AECI. SCP will dispose of Olive Pride to the newly formed Clover Pride, in which Clover South Africa holds 51% and AECI the... 

Kusile power plant project, South Africa

By: Sheila Barradas     13th January 2017 Eskom connected the first power-generating unit of the new Kusile coal-fired power station at the end of December 2016. 

Medupi power station project, South Africa

By: Sheila Barradas     13th January 2017 The second unit of Eskom's Medupi coal-fired power station was loaded to full capacity in December 2016. 

ACSA appoints acting CFO

By: Anine Kilian     12th January 2017 Airports Company South Africa (ACSA) has appointed Dirk Kunz acting CFO. His appointment follows the resignation of Maureen Manyama as ACSA CFO and executive director. 

Govt's proposed fuel changes a ticking time-bomb – Naamsa

By: News24Wire      12th January 2017 Time is running out for government to avoid the oil currently refined in SA from becoming illegal, Stuart Rayner, chair of the fuel and emissions committee of the National Association of Automobile Manufacturers of South Africa (Naamsa), told Fin24 on Wednesday. Rayner explained that Naamsa... 

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

CTIA expands routes to boost tourism as it reaches 10m passengers a year milestone

By: Megan van Wyngaardt     10th January 2017 Cape Town International Airport (CTIA) is, in collaboration with the Western Cape government, targeting the development and initiation of new routes to key strategic markets. Cape Town Air Access, in a partnership with CTIA, the City of Cape Town, Wesgro, Airports Company South Africa (ACSA) and... 

Mineral ‘wrongs’ righted 

By: Martin Creamer     10th January 2017 A company that showed diligence in applying for mineral rights ended up getting mineral ‘wrongs’, a court has found. The Gauteng division of the High Court in Pretoria has ruled that Aquila Steel South Africa is entitled to the mineral right that South Africa’s Department of Mineral Resources... 

Fiat Chrysler SA appoints new CEO

By: Irma Venter     10th January 2017 Fiat Chrysler Automobiles (FCA) on Tuesday announced the appointment of Robin van Rensburg as the new CEO and MD of Fiat Group Automobiles South Africa, the importer of Fiat, Fiat Professional, Abarth and Alfa Romeo brands. Van Rensburg will hold the same title at Chrysler South Africa, the... 

CRG secures $1m loan

By: Megan van Wyngaardt     10th January 2017 Dual-listed Central Rand Gold's (CRG's) share price on the JSE and LSE rose by more 10% early on Tuesday after the company announced it had secured a $1-million loan from an investor and appointed a new chairperson. CRG has entered into a $1-million loan agreement with investor Jia Bang Wang,... 

NETSCOUT Helps Sub Saharan Africa IT Decision Makers Maximize the Benefit of their Information and Communications Technology (ICT) Investments

     10th January 2017 Networks Unlimited signs distribution agreement with NETSCOUT (Centurion, South Africa) Networks Unlimited, a value-added distributor (VAD) with branches in South Africa and Africa has announced its distribution agreement with NETSCOUT today and will now offer NETSCOUT’s range of enterprise... 

New-vehicle sales drop 11.4% in 2016; uptick possible in 2017 – Naamsa

By: Irma Venter     9th January 2017 Data released by the Department of Trade and Industry on Monday shows that South African new-vehicle sales declined for the third year in a row in 2016. Sales dropped by 11.4%, to 547 442 units, compared with 617 648 units in 2015. New-vehicle sales fell 4.1% in 2015 and 0.7% in 2014. 

ACSA’s airport charges for 2017/18 decrease by 35.5%

By: Anine Kilian     9th January 2017 Airports Company South Africa’s (ACSA’s) airport charges will be reduced by 35.5% for the 2017/18 financial year. Airport charges will then rise by 5.8% in the 2018/19 financial year and 7.4% in the 2019/20 financial year. 

VW to launch ride hailing in Rwanda as part of Africa expansion

By: Reuters     23rd December 2016 Volkswagen is to start producing cars in Kenya and Rwanda and start a ride-hailing service in Kigali, as the German carmaker expands pay-per-use transportation business models in markets where rival Uber has not gained traction. Emerging markets with poor transportation links have become a key... 

AMSA, Highveld conclude manufacturing agreement 

By: Megan van Wyngaardt     22nd December 2016 Steel manufacturer ArcelorMittal South Africa (AMSA) has concluded a contract manufacturing agreement with embattled Evraz Highveld Steel & Vanadium (Highveld) and its HSM subsidiary, whereby AMSA would supply blooms and slabs to HSM for processing into heavy structural steel. This will result in... 

PRASA must get house in order or face collapse – Untu 

By: Megan van Wyngaardt     22nd December 2016 The United National Transport Union (Untu) has lashed out against South African railway services, including the Passenger Rail Agency of South Africa (PRASA) and Transnet, stating that it needed to provide proper service, or face “total collapse”. The union said that a number of incidences in the... 

Andrea Nono

By: Martin Zhuwakinyu     16th December 2016 This week we feature Andrea Nono, CEO of MTU South Africa, a company established in 2001 that is responsible for the Rolls-Royce Power System business in over 30 countries in Sub-Saharan Africa   

Company completes Wolmerton rail project

By: Sascha Solomons     16th December 2016 Rail track construction, rehabilitation, electrification and maintenance provider Grindrod Rail Construction (GRC), in a joint venture with engineering company Bakara, has completed the rail refurbishment of the Wolmerton Depot. This forms part of the Passenger Rail Agency of South Africa’s... 

Execution of PRASA project contributes to outstanding results

     16th December 2016 Railway sector services provider Alstom Group announced in its “outstanding” fiscal year 2016/17 results that trains reached €1.6-billon sales, with ongoing execution of the Passenger Rail Agency of South Africa (PRASA) project in South Africa among other deliveries of suburban, regional and... 

First new PRASA train sets to enter service

By: Irma Venter     16th December 2016 The first trains delivered in the R51-billion rolling stock acquisition programme for Metrorail operations are gearing up for service, says the Passenger Rail Agency of South Africa (PRASA). The agency says the testing and commissioning of the units “have progressed well in the past six months,... 

Fourteen airport rail links planned in Africa, including two more in SA

By: Irma Venter     16th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those handling more than 1-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Negative vehicle sales trend continued in November

By: Irma Venter     16th December 2016 November new-vehicle sales provided little festive cheer ahead of the holiday season, continuing the negative trend evident throughout this year by dropping 9.6%, to 46 413 units, compared with November last year. Statistics released by the Department of Trade and Industry show that November... 

Northern Cape wind farms receive main transformers

By: David Oliveira     16th December 2016 The Northern Cape-based Khobab and Loeriesfontein wind farms announced last month that they had received their main transformer, which were transported by road from Johannesburg. The 160 MVA transformers are to be housed in substations, from where all the generated power from the wind farms will... 

Railway company investments to facilitate economic growth

By: Sascha Solomons     16th December 2016 The current investments by the Passenger Rail Agency of South Africa (PRASA) and State-owned freight utility Transnet will largely facilitate economic growth in South Africa through major infrastructure projects currently under way, says consulting and auditing firm KPMG infrastructure deal... 

Fourteen airport rail links planned in Africa, including two more in South Africa

By: Irma Venter     15th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those hand- ling more than one-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Dunnottar train manufacturing complex project, South Africa

By: Sheila Barradas     15th December 2016 Visible progress is being made on the Dunnottar train manufacturing complex. 

DTI-funded manufacturing intern programme saves local industry R6m

By: Megan van Wyngaardt     14th December 2016 Local industry has saved R6-million in resources, including 133 000 kℓ of water, after 16 manufacturing facilities nationwide implemented the Resource Efficient and Cleaner Production (RECP) internship programme, funded by the Department of Trade and Industry (DTI) to conduct onsite resource... 

Govt renegotiating software contracts to cut costs

By: Megan van Wyngaardt     12th December 2016 The National Treasury, the State Information Technology Agency (SITA) and Microsoft are renegotiating the existing contract between the parties, which will effect significant savings to the national fiscus on the government-wide software licences and services contract. In addition, it is... 

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