http://www.engineeringnews.co.za
R/€ = 17.56Change: -0.19
R/$ = 15.78Change: -0.25
Au 1204.27 $/ozChange: -9.72
Pt 969.00 $/ozChange: -12.00
 

Topic

Positive returns from bank’s supplier development scheme

By: Zandile Mavuso     14th February 2014 Financial services group Standard Bank’s supplier development programme has noted an average increase of 38% in the turnover of black-owned small and medium-size enterprises (SMEs) since the inception of the programme. 

BLSA ushers in high-profile board members

By: Natalie Greve     13th February 2014 Following a reshuffle of its executive body, Business Leadership South Africa (BLSA) has announced changes to its board of directors, which would now comprise several of South Africa’s heavy-hitters in business. The new board, effective from February 20, would be led by president and Stanlib... 

SA banks maintain appetite for renewable energy projects

By: Natasha Odendaal     11th February 2014 South Africa has enough liquidity to finance the next round of renewable-energy projects, with local banks maintaining their appetite in the emerging industry, a panel said at the Solarplaza conference, held in Sandton on Tuesday. The panel, which comprised Standard Bank investment banking senior... 

Power, labour pose risks to realising weak-rand benefits in 2014 

By: Terence Creamer     10th February 2014 The weaker rand should be supportive of a reduction in South Africa’s current account deficit over the medium-term, but Standard Bank chief economist Goolam Ballim warns that continued industrial unrest and ongoing electricity constraints remain key risks to realising the potential trade benefits... 

One in four imported cars now comes from India 

By: Irma Venter     3rd February 2014 The top three countries from which South Africa imported vehicles in 2013 were India, at number one, with 97 167 vehicles, with South Korea second, at 62 058 units, and Germany third, at 56 997 units, said Standard Bank vehicle and asset finance head Sydney Soundy on Monday. This means India has... 

New vehicle sales drop 6.8%, exports down 20%

By: Irma Venter     3rd February 2014 New vehicle sales in South Africa decreased by 6.8% in January, to 53 025 units, compared with the same month last year, reported the Department of Trade and Industry on Monday. During January, 38 008 new passenger cars were sold – a 7% drop compared with the same month last year.  

General Electric, Standard Bank sign $350m power finance deal

By: Natalie Greve     31st January 2014 Efforts to increase access to power infrastructure in Africa have received a boost following a $350-million financing agreement between industrial and finance heavyweights General Electric (GE) and Standard Bank, which will aim to provide affordable access to power infrastructure that augments... 

Gas-engine-based technology supplies power to banking firm

By: Ilan Solomons     31st January 2014 Power equipment company Barloworld Power’s multimillion-rand gas-powered generator plant solution is in full operation at banking firm Standard Bank’s offices in Rosebank, Johannesburg, Barloworld Power sales  manager Nalen Alwar tells Engineering News. The plant was in operational readiness in... 

Africa seen as window of opportunity

By: Creamer Media Reporter      30th January 2014 Banking group Standard Bank says there are very few regions in the world that has lively per capita consumption of commodities, which presents Africa with a window of opportunity.  

Africa a growth story despite waning global mining investment

By: Natasha Odendaal     28th January 2014 Africa remained a desirable mining investment destination, despite challenges and softer growth in the global mining sector. The continent offered more “bang for its buck” from a value perspective and there was more upside in the continent’s growth, said Standard Bank global head of metals and... 

Sephaku Cement projects, South Africa

By: Sheila Barradas     24th January 2014 Cement production has started at Sephaku’s 1.4-million-ton-a-year Delmas milling plant, in Mpumalanga. 

Tower exceeds H1 maiden distribution forecast, declares 33c/share

By: Natalie Greve     23rd January 2014 After becoming the country’s first real estate investment trust (REIT) to list on the JSE in July last year, Tower Property Fund produced a “pleasing” operational and financial performance, generating headline earnings of R35.3-million for the six months ended November 30, 2013. This enabled the... 

Standard Bank, Massmart set up R20m assistance facility for BEE contractors

By: Natalie Greve     22nd January 2014 Standard Bank has joined forces with construction materials group Massbuild to provide a R20-million credit facility for select black economic-empowerment (BEE) building contractors, aimed at enabling them to establish sustainable businesses and improve their ability to deliver as preferred... 

Experts weigh in on the mining industry’s 2014 outlook

By: Jade Davenport     17th January 2014 South Africa’s once mighty and economy-dominating mining industry is, at present, in dire straits. It is an industry – and this is particularly true of its gold and platinum sectors – that is struggling for survival under a gloomy pall weaved out of a myriad of challenging factors. In 2013, such... 

Kouga wind farm project, South Africa

By: Sheila Barradas     17th January 2014 Civil works on the Kouga wind farm are expected to be completed by April 2014. 

2014 could be year SA catches up to African growth 

By: Leandi Kolver     15th January 2014 There was good reason to expect that South Africa could, in 2014, catch up with the rest of the African continent in terms of growth, Standard Bank joint CE Sim Thsabalala said on Wednesday. Speaking at Frontier Advisory’s Africa Frontiers Forum, in Sandton, Tshabalala stated that, according to... 

The flip side of modern technology

By: Kelvin Kemm     13th December 2013 Modern technology advance brings many benefits, but, almost always, a technology advance also brings with it the potential for negative side effects. People interact with technology and so the effects, both positive and negative, bring changes to the way people interact with one another.... 

Bank increases investment in agriculture centre

     6th December 2013 Financial services firm Standard Bank has increase its initial investment in its Centre for AgriLeadership and Business Development, at Stellenbosch University, from R3.45-million, in 2010, to R5.13-million over the next three years, says Standard Bank agribusiness head Nico Groenewald. 

Sephaku Cement projects, South Africa

By: Creamer Media Reporter      6th December 2013 Sephaku Cement’s cement milling plant, in Delmas, Mpumalanga, is 95% complete and on track for production to start early in the new year. 

Western Cape dairy farmers look to Africa for growth

     6th December 2013 An 18-month period of low prices for milk, that has forced a number of dairy farmers out of business, is reversing itself in the Western Cape. This positive change is a consequence of a number of milk, cheese, yoghurt and other dairy product brand owners expanding into Africa, says Standard Bank... 

Gautrain rapid rail link, South Africa

By: Creamer Media Reporter      29th November 2013 An arbitration tribunal has ordered the Bombela Concession Company to undertake immediate remedial work on the Gautrain tunnel section between Johannesburg Park Station and Emergency Shaft 2 to halt the inflow of water into the tunnel. 

Sephaku Cement projects, South Africa

By: Creamer Media Reporter      29th November 2013 A new limestone operation that will supply Sephaku is scheduled to get under way early next year near Lichtenburg, in the North West. 

Kalkbult solar photovoltaic project, South Africa

By: Creamer Media Reporter      22nd November 2013 Scatec Solar formally launched its 75 MW solar farm on November 12. 

Solar body urges DoE to allocate more capacity in light of competitive bids

By: Terence Creamer     22nd November 2013 The South African Photovoltaic Industry Association has urged the Department of Energy (DoE) to take up the opportunity to extend the list of preferred bidders arising from the highly competitive third bid window, arguing that the projects offer good value and could also help to consolidate gains... 

MRI advances board restructuring as CEO Schoeman exits

By: Natalie Greve     18th November 2013 ASX-listed Mine Restoration Investments (MRI) is advancing a board restructuring drive that is aimed at gearing up expertise and experience in mining and resources, given the company’s short- to medium-term focus on the production of coal briquettes. The restructuring had thus far seen the... 

SA’s renewables portfolio expands to R150bn as programme gains traction

By: Terence Creamer     15th November 2013 Energy Minister Dikobe Ben Martins says it is premature to say for certain that further renewable-energy projects will be added to the list of 17 preferred projects, collectively valued at R44-billion, already confirmed following a highly competitive third-bidding round. However, he stressed that... 

Solar body urges DoE to allocate more capacity in light of competitive bids

By: Terence Creamer     8th November 2013 The South African Photovoltaic Industry Association has urged the Department of Energy (DoE) to take up the opportunity to extend the list of preferred bidders arising from the highly competitive third bid window, arguing that the projects offer good value and could also help to consolidate gains... 

SARB to invest in Chinese bond market

By: Sapa     5th November 2013 For the first time in the South African Reserve Bank's (SARB's) history a portion of reserves will be invested in the Chinese interbank bond market, SARB deputy governor Daniel Mminele said on Tuesday. "South Africa was the first African central bank to be granted an investment quota for the... 

SA weighs appointment of more IPPs, as green-energy portfolio expands to R150bn 

By: Terence Creamer     4th November 2013 Energy Minister Dikobe Ben Martins says it is premature to say for certain that further renewable-energy projects will be added to the list of 17 preferred projects, collectively valued at R44-billion, already confirmed following a highly competitive third-bidding round. However, he stressed that... 

Gautrain rapid rail link, South Africa

By: Sheila Barradas     25th October 2013 The Gautrain Management Agency has proposed the development of seven new rapid rail routes along identified high-mobility corridors in Gauteng. 

Sephaku Cement projects, South Africa

By: Sheila Barradas     25th October 2013 Sephaku Cement continues to advance the ramp-up of its cement milling plant, in Delmas, Mpumalanga. 

Sephaku Cement on track to launch Delmas plant in early 2014

By: Natalie Greve     23rd October 2013 Sephaku Cement continues to advance the ramp-up of its cement milling plant, in Delmas, in Mpumalanga, which it aims to bring into operation early next year. Project manager Andre Roeloffze said in a statement that power had been connected to the 1.4-million-ton-a-year plant’s primary electrical... 

18/10/2013 (On-The-Air)

By: Martin Creamer     18th October 2013 After a 13-year search, South Africans have managed to discover important new industrial uses for gold; A new Canadian platinum investor is talking up a ‘Platinum Valley’ for South Africa that mimics America’s famous ‘Silicon Valley’; and Standard Bank is backing another R10-billion worth of... 

Scatec Solar photovoltaic projects, South Africa

By: Sheila Barradas     18th October 2013 Raubex Infra has been awarded two contracts by Scatec Solar to provide civils and electrical work for its two photovoltaic projects. 

Standard Bank, ICBC provides $108m for Kenya power project 

By: Leandi Kolver     17th October 2013 Standard Bank and the Industrial and Commercial Bank of China (ICBC) on Wednesday concluded a $108-million debt-financing package with power producer Triumph Kenya for the construction of an 83 MW heavy fuel oil plant. Standard Bank group company CfC Stanbic Bank contributed $28-million of the... 

Standard Bank backing another R10bn worth of SA renewables projects

By: Terence Creamer     14th October 2013 Standard Bank Corporate and Investment Banking reports that it is backing projects worth R10-billion as part of South Africa’s third renewable-energy bidding round, which is currently in the final stages of adjudication. CEO David Munro says the projects have a combined capacity of more than 1... 

Management team, financial adviser appointed for Rukwa coal-to-power project

By: Leandi Kolver     8th October 2013 Mineral exploration and development company Kibo Mining has appointed a management team to manage and execute its Rukwa Coal to Power project (RCPP) in Tanzania. The newly appointed team includes Kibo CEO Louis Coetzee, Kibo COO Louis Scheepers and external appointees, former Hydro Tasmania CEO... 

GBCSA to unveil interior rating tool

By: Natasha Odendaal     4th October 2013 The Green Building Council of South Africa (GBCSA) plans to unveil a new rating tool for interiors in response to market demand. The Green Star SA – Interiors rating tool will assess the design, construction and refurbishments of interior spaces in both existing and new buildings, and extend to... 

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