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Cost of disintegration to thwart de-globalisation efforts, Lamy avers

By: Terence Creamer     18th August 2017 Former World Trade Organisation director-general Pascal Lamy sees no turning back from globalisation, despite the current rise in political nationalism and trade protectionism. Speaking in Johannesburg this week, Lamy argued that the cost of “disintegration” would simply be too high for countries... 

Cost of disintegration to thwart de-globalisation efforts, Lamy avers
Pascal Lamy

Competition Commission sets sights on high data costs

By: Natasha Odendaal     18th August 2017 The Competition Commission has initiated a market inquiry into data services following widespread calls by consumers for lower data costs and subsequent queries from at least three Ministers over high data costs and data affordability. With the gazetting of the terms of reference (ToR) of the... 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

By: Mia Breytenbach     18th August 2017 In the findings and recommendations of the first-ever market inquiry into the local liquefied petroleum gas (LPG) industry, the Competition Commission urges public and private organisations to improve performance in the sector, yet much uncertainty remains in the wake of the report’s publication.... 

Still much uncertainty as LPG stakeholders grapple with market inquiry findings

Latest technology promises to solve drone/manned aircraft interaction problem

By: Keith Campbell     18th August 2017 The latest generation of aircraft transponder technology, known as ADS-B, offers to provide the safety and security necessary to prevent collisions between manned aircraft and civil unmanned aerial vehicles (UAVs, popularly known as drones) and so will allow drones to be operated in controlled... 

Latest technology promises to solve drone/manned aircraft interaction problem

South Africa rate cut likely in November; possibility of September

By: Reuters     18th August 2017 South Africa's Reserve Bank is expected to cut interest rates again in November and possibly even September given the relatively tame inflation outlook, a Reuters poll found on Friday. The central bank unexpectedly cut its repo rate by 25 basis points to 6.75% for the first time in five years in... 

Opinion: Turning the chicken war into a trade war

     18th August 2017 In this opinion article, XA director Donald Mackay questions why legitimate legal processes are being overlooked in the dispute over European Union chicken imports. Mackay acknowledges that his consultancy is not a disinterested party in the matter. I read the recent fiery opinion piece by... 

Opinion: Turning the chicken war into a trade war
Donald Mackay

ARB lifts FY profit, despite flat revenue

By: Anine Kilian     18th August 2017 JSE-listed ARB Holdings has maintained its revenue at R2.5-billion for the year ended June 30, while gross profit rose 8.4% year-on-year, owing to disciplined trading practices. The company on Friday said its electrical division's revenue remained constrained as a result of the limited government... 

Afrox anticipates higher interim earnings

By: Anine Kilian     18th August 2017 Higher sales volumes and improved operational efficiencies have contributed to an expected 20% to 32% year-on-year rise in JSE-listed Afrox’s earnings per share (EPS) for the six months to June 30. EPS are likely to be between 93c and 103c, compared with 77.8c in the first six months of 2016. 

Cesa Aon Engineering Excellence Awards winners for 2017 announced

     18th August 2017 Consulting Engineers South Africa (Cesa), supported by Aon South Africa, on Thursday announced the winners of this year’s Cesa Aon Engineering Excellence Awards, which recognise outstanding achievements in the engineering industry and celebrate innovation, quality, outstanding workmanship and... 

Cape Town reveals sites of proposed new water desalination plants

By: News24Wire      18th August 2017 Cape Town's Granger Bay, Hout Bay and Dido Bay may soon be home to three proposed new desalination plants that the city intends commissioning to make extra drinking water for its residents and visitors, according to tender documents issued this week. Earlier on Thursday Cape Town Mayor Patricia... 

Cabinet approves coastal tourism plan

By: Anine Kilian     18th August 2017 Cabinet has approved a coastal and maritime tourism implementation plan. In a statement released on Friday, Tourism Minister Tokozile Xasa said the implementation plan was developed by the Department of Tourism in partnership with various tourism stakeholders.   

Cabinet approves coastal tourism plan

Discovery CE scoops innovation award

By: Kim Cloete     18th August 2017 Discovery Group CE Adrian Gore has been awarded the 2017 Growth, Innovation and Leadership (GIL) Visionary Innovation Award: Africa 2017. He received the award from global research and consulting organisation Frost & Sullivan, which, this week, hosted its yearly GIL Africa summit, in Cape Town.... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      18th August 2017 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Engineering News iPhone and Android Apps available for free download

WTO mixed ruling in Indonesia steel import duties case

By: Reuters     18th August 2017 Duties imposed by Indonesia on imports of certain flat-rolled iron or steel products do not constitute WTO safeguard measures, a World Trade Organization (WTO) panel said on Friday, rejecting the key argument of complaints brought by Taiwan and Vietnam. Safeguard duties are emergency tariffs that... 

Ten injured after Metrorail train derails near Bellville station

By: African News Agency      18th August 2017 At least ten people suffered minor to moderate injuries when a train carriage derailed near Bellville station in Cape Town on Friday morning. Emergency services provider ER24 said that at about 08.15, paramedics from ER24, Metro EMS and Rescue Services, police, as well as other services, arrived... 

Gordhan declaratory relief application dismissed

By: News24Wire      18th August 2017 A court has ruled that former finance minister Pravin Gordhan's application seeking declaratory relief from having to intervene with the banks has been dismissed. Judge Aubrey Ledwaba read out the order at the North Gauteng High Court on Friday. 

Gordhan declaratory relief application dismissed
Photo by Reuters
Former Finance Minister

Africa can benefit from global volatility

By: Kim Cloete     17th August 2017 Despite major global challenges, including global trade, Africa has the opportunity to step up to global change and benefit from the volatility that is shaking up the world, says Thomson Reuters Africa MD Sneha Shah. “Africa has the richest resource pool in the world, but we always lose, because... 

RAL, Northam partner to upgrade road in Waterberg district

By: Anine Kilian     17th August 2017 Roads Agency Limpopo (RAL) and platinum producer Northam Platinum have signed a R60-million strategic partnership to upgrade the P20 road that links Sataria to the road artery that goes to Koedoeskop, in the Waterberg district. Under the terms of the agreement, RAL will contribute R37.5-million... 

Business leaders facing the wave of digital transformation

By: Kim Cloete     17th August 2017 Business leaders are urgently trying to keep pace with the surging pace of digital transformation globally.   Frost & Sullivan senior partner Dorman Followwill told delegates at the Growth, Innovation and Leadership (GIL) Africa 2017 summit, in Cape Town, on Thursday that the world was faced with... 

PPC Q1 trading in line with expectations

By: Creamer Media Reporter      17th August 2017 Cement maker PPC on Thursday said its first-quarter revenue had tracked ahead of the comparative period in the prior year, while group earnings before interest, taxes, depreciation and amortisation (Ebitda) were in line with that of the first quarter of the previous year. However, while the South... 

Study urges South Africa to find energy-storage niche

By: Mia Breytenbach     17th August 2017 With energy storage considered to be the “new wave” in the energy sector and increasingly becoming a reality, South Africa needs to prepare itself if it wishes to take advantage of the energy storage growth opportunities within the energy storage stationary value chain and the mobility value... 

Study urges South Africa to find energy-storage niche
Photo by Bloomberg
Tesla powerpacks and inverters at the Southern California Edison Company's Mira Loma energy storage system facility in California, in the US.

Govt denies rumours of 'super presidency' taking over budget process

By: News24Wire      17th August 2017 Communications Minister Ayanda Dlodlo on Wednesday downplayed suggestions that government wants to create a so-called super presidency by having a hand in budgetary processes. During a media briefing following the Cabinet meeting, Dlodlo said Cabinet approved the mandate paper for the 2018 Budget. 

 Govt denies rumours of 'super presidency' taking over budget process
Communications Minister Ayanda Dlodlo

Icasa, CEO part ways

By: Creamer Media Reporter      17th August 2017 The Independent Communications Authority of South Africa (Icasa) on Thursday issued a statement confirming the “mutual separation” of the authority and its CEO Pakamile Pongwana. This followed the announcement in July that Pongwana had been placed on precautionary suspension pending an... 

Harmony ups South African capex, pays 70% higher dividend 

By: Martin Creamer     17th August 2017 Gold mining company Harmony Gold, which spent R2.3-billion capital expenditure (capex) on its South African operations in the 12 months to June 30, will be increasing its capex to R2.7-billion for mainly the ongoing development of the Phakisa and Tshepong gold mines in the Free State. The... 

Harmony Gold CEO Peter Steenkamp delivering results at presentation covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer. Video Editing: Lionel da Silva.

Infraco to get new CEO as Kwele’s term ends

By: Creamer Media Reporter      17th August 2017 Cabinet on Thursday reported the appointment of AD Matseke as CEO of State-owned Broadband Infraco for a five-year term from September 1, 2017, to August 30, 2022. Further, the fixed-contract of current CEO Phuleng Kwele has been extended by three months from September 1 to November 30. 

M&R warns ‘costly’ Middle East exit will drag 2017 earnings lower

By: Terence Creamer     17th August 2017 Engineering group Murray & Roberts (M&R), which sold its Southern African infrastructure and building units to a Southern Palace-led consortium in November, has warned that its earnings will fall by more than expected in 2017, owing to additional costs associated with four remaining building... 

New Brics bank plans $1.5bn lending for South African projects 

By: Reuters     17th August 2017 The New Development Bank (NDB) set up by the Brics group of emerging economies plans to lend $1.5-billion to South Africa for infrastructure projects over the next eighteen months. The BRICS - Brazil, Russia, India, China and South Africa - agreed to create the infrastructure-focussed lender in... 

Denel appoints new CFO, legal officer

     17th August 2017 State-owned Denel has appointed Odwa Mhlwana CFO and Vuyokazi Xaxa company secretary and legal officer.   “The new additions to our executive team are critical to create stability in Denel and will contribute to our transformation into a self-sustaining State-owned company,” says Denel acting CEO... 

Cybersecurity must be foundation for digital economy, but skills deficit problematic – BMI-T

By: Schalk Burger     17th August 2017 Information technology (IT) security incidents, such as ransomware attacks carried out this year, occasion a large, but reactionary, response from companies and industries; however, this typically happens only after significant damage has been done. “IT security can no longer be an afterthought... 

New Development Bank to benefit Africa – Zuma

By: African News Agency      17th August 2017 President Jacob Zuma said on Thursday that the New Development Bank (NDB) was set to benefit infrastructure projects on the African continent as a whole, and having a permanent regional centre showed commitment to that undertaking. “We are therefore happy to know that the bank is working on... 

New Development Bank to benefit Africa – Zuma
President Jacob Zuma

Enviroserv officials in the dock over 'big stink'

By: News24Wire      17th August 2017 EnviroServ CEO Dean Thompson and four other officials from the waste management company are now personally facing criminal charges relating to allegations that their Hillcrest landfill site is causing a noxious "big stink" in the area, west of Durban. The alleged gases emanating from the site are... 

Metair ready for market shift to electric vehicles, says Loock

By: Irma Venter     17th August 2017 Metair is ready for the anticipated revolution in the automotive industry, including the introduction of electric vehicles (EV), hybrid vehicles and autonomous drive vehicles. These vehicle still need lights, brakes and wiring harnesses, for example, said Metair MD Theo Loock on Thursday at the... 

Metair ready for market shift to electric vehicles, says Loock
Metair MD Theo Loock

Eskom tariffs in the spotlight 

By: Creamer Media Reporter      17th August 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the National Energy Regulator of South Africa’s decision not to grant Eskom’s request for a deviation from the tariff methodology for its upcoming price determination application and how industry is likely to... 

Eskom tariffs in the spotlight

DPO acquires VCS South Africa

By: Creamer Media Reporter      17th August 2017 Payment services provider Direct Pay Online (DPO) Group has acquired Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of the VCS group, following the earlier acquisition of VCS Namibia and VCS Botswana. It also bolsters DPO’s position in Southern Africa post... 

In a context of State capture, the ‘developmental-State project is almost dead’ 

By: Terence Creamer     17th August 2017 In the context of State capture and corruption, former Deputy Finance Minister Mcebisi Jonas believes South Africa’s “developmental-State project is almost dead”, with resources being diverted away form dealing with the country’s serious unemployment crisis towards poorly governed State-owned... 

In a context of State capture, the ‘developmental-State project is almost dead’
Mcebisi Jonas

World treaty to ban and reduce mercury poison comes into force 

By: News24Wire      17th August 2017 It is rated as one of the top ten chemical poisons endangering human health and the natural world. Tiny drops of this poison can be found in human teeth, in fresh fish, in light bulbs, paints, batteries and even cosmetics. And it is in the air, water and soil everywhere, in varying amounts. 

Industrial gas supplier showcases commitment to craft beer market 

     17th August 2017 Industrial gas supplier Air Products hosted media at Johannesburg-based restaurant and microbrewery Mad Giant in June, where it showcased its support for South Africa’s bourgeoning craft beer industry. David Oliveira tells us more. 

Industrial gas supplier showcases commitment to craft beer market

Krugerrand demand resurgence anticipated to result in record sales  

By: Ilan Solomons     16th August 2017 Increased demand for gold has supported sales of the gold bullion Krugerrands and this year is predicted to yield the highest sales since the 1980s, with an expected 15% to 20% increase on the 1.1-million ounces of the coins sold in 2016. This is according to precious metal smelting and refining... 

Rand Refinery marketing executive head Richard Collocott discusses the significance of the fiftieth anniversary of the launch of the gold bullion Krugerrand

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