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Koeberg participating in development of other desalination projects

By: Kim Cloete     19th February 2018 Apart from its recently announced temporary desalination plant, the Koeberg nuclear power station is working on a range of desalination projects, including a detailed feasibility study with the City of Cape Town on a large-scale desalination plant. If the feasibility study is successful, it will... 

Koeberg participating in development of other desalination projects
Photo by Duane Daws
Koeberg nuclear power station

Eskom board called on to prove utility not trading recklessly

By: Terence Creamer     19th February 2018 The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be... 

Eskom board called on to prove utility not trading recklessly
Accountability Now director advocate Paul Hoffman

No Brics leader among those who first phoned President Ramaphosa, on Sunday

By: Rebecca Campbell     19th February 2018 Not one of the five world and regional leaders who formed the first group to phone new South African President Cyril Ramaphosa on Sunday to hold preliminary discussions with, and to congratulate, him came from a Brics (Brazil, Russia, India, China and South Africa) group country. Two of the... 

No Brics leader among those who first phoned President Ramaphosa, on Sunday
President Cyril Ramaphosa

Solidarity calls for suspension of Denel top brass following 'shocking financial mismanagement'

By: African News Agency      19th February 2018 Trade union Solidarity has asked Public Enterprises Minister Lynne Brown to urgently suspend Denel's top officials to prevent hundreds of possible job losses. In the run-up to Denel’s board meeting on February 22, at which the group’s management would submit its proposed restructuring plan to the... 

Sprinter reboots for digital efficiency as global parcel, food deliveries soar

By: Irma Venter     19th February 2018 Global parcel deliveries reached roughly 44-billion units in 2014, growing by almost 48%, to 65-billion parcels, in 2016.  This trend is far from flattening out. Various studies expect yearly growth rates of between 6% and 8% a year through to 2025. 

Sprinter reboots for digital efficiency as global parcel, food deliveries soar

Metair expands lithium-ion capabilities in Romania

By: Irma Venter     19th February 2018 Energy storage and automotive component specialist Metair has acquired 35% in Primemotors (Prime), in Romania, through its wholly owned subsidiary, Rombat, in an effort to accelerate its production of lithium-ion (li-ion) batteries for the growing European market. Metair recently launched a... 

Metair expands lithium-ion capabilities in Romania
Metair MD Theo Loock

SA, UK political uncertainty dampens trading conditions, says Super Group

By: Irma Venter     19th February 2018 Challenging trading conditions and political uncertainty continued to depress trading conditions at transport logistics and mobility company, Super Group. The group on Monday reported a 27.5% increase in revenue for the six months ended December 31, compared with the same period in 2016, to... 

Commission recommends tribunal approve Southern Palace Group's Genrec buy

By: Simone Liedtke     19th February 2018 The Competition Commission has recommended to the Competition Tribunal that Southern Palace Group's (SPG's) proposed acquisition of steel fabrication and manufacturing business Genrec Engineering, from construction and engineering company Murray and Roberts, be approved without conditions. SPG,... 

Tribunal approves Barnes Southern Palace's acquisition of Scaw

By: Simone Liedtke     19th February 2018 The Competition Tribunal has conditionally approved the transaction, in terms of which holding company Barnes Southern Palace plans to acquire Scaw South Africa from the Industrial Development Corporation (IDC). To address information sharing concerns, the transaction was approved subject to a... 

Liberty Two Degrees posts maiden full-year results

By: Dylan Slater     19th February 2018 South Africa-focused real estate investment trust (Reit) Liberty Two Degrees (L2D) on Monday posted a distribution of 59.22c a unit in its maiden full-year results.  

Legacy issues, poor Q1 affect Rolfes' H1 earnings

By: Simone Liedtke     19th February 2018 Black-empowered chemical group Rolfes' financial results for the six months ended December 31 were negatively affected by legacy issues and a poor first quarter, resulting in headline earnings halving to R23.62-million, from R48.23-million in the six months to December 31, 2016. Revenue from... 

Africa needs to develop its gas infrastructure

By: Anine Kilian     19th February 2018 Africa has a significant and growing gas resource, but gas capability on the continent is disappointingly low, says Quantum Power founding partner Dr Louis van Pletsen. He told delegates attending the Africa Gas Forum, in Johannesburg, on Monday, that, although there were large hydro and... 

Public-private partnerships key for gas infrastructure development in SADC region

By: Anine Kilian     19th February 2018 Public-private partnerships are key to developing gas supply projects in the Southern African Development Community (SADC), Nepad Business Foundation (NBF) Africa infrastructure programme manager Peter Varndell said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, he said there was... 

Africa not making the most of its gas reserves

By: Anine Kilian     19th February 2018 Only 8% to 10% of Africa’s known gas reserves are being priortised, despite the fact that gas reserves on the continent are abundant, Catalyst Capital managing partner Adero Okudo said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, she said there were only two crossborder pipelines... 

SA Mint new coin releases include Mandela-focused Celebrating South Africa series

By: Schalk Burger     19th February 2018 South African Reserve Bank subsidiary, the South African Mint, has announced new collectables product ranges that will appear in the global coin market this year, including the ‘Celebrating South Africa’ series, which will commemorate the life of former President, distinguished Statesman and... 

Mines pledge to assist RAL with provincial road infrastructure delivery projects

By: Simone Liedtke     19th February 2018 Provincial road infrastructure delivery agency Roads Agency Limpopo (RAL) has identified four opportunities for potential future strategic partnerships, which are valued at an estimated R1.12-billion, based on a preliminary technical assessment. This follows the RAL's stakeholder engagement and... 

Coega SEZ receives EIA approval for desalination, aquaculture zones

By: Schalk Burger     19th February 2018 The Coega Special Economic Zone (SEZ), in the Eastern Cape, has received environmental-impact assessment (EIA) approval for a 440 ha land-based aquaculture development zone (ADZ) and a desalination plant in Zone 10 of the Coega SEZ. “The approval of the EIA is a step towards fulfilling the Coega... 

Cryptocurrencies speculative, but blockchain can bring positive disruption – S&P’s

By: Schalk Burger     19th February 2018 Global ratings agency Standard and Poor’s (S&P’s) currently views cryptocurrencies as speculative instruments that will have an “insignificant effect on global financial stability if its value were to collapse”, but that blockchain – a shared digital transaction ledger – presents an opportunity... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Anglo American Platinum CEO Chris Griffith delivers 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Sars welcomes tax administration inquiry

By: African News Agency      19th February 2018 The South African Revenue Service (Sars) on Monday welcomed President Cyril Ramaphosa's pledge to launch a Commission of Inquiry into tax administration and governance at Sars. During his maiden State of the Nation Address (Sona) on Friday, Ramaphosa said he would shortly appoint a Commission of... 

Sars welcomes tax administration inquiry

Japan's steel industry urges Trump to make careful trade decision

By: Reuters     19th February 2018 Japan's steel industry said on Monday the US Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. The US Commerce Department recommended on Friday that Trump... 

Avian flu detected among seabird species

By: African News Agency      19th February 2018 The Department of Agriculture on Monday confirmed that the highly pathogenic H5N8 avian flu have been detected among sea bird populations in the Western Cape. Seven cases from six different sites across the provincial coastline have tested positive among African penguins and due to these species... 

Amplats restores dividend, productivity soars, six die

By: Martin Creamer     19th February 2018 Six employees died in a year in which Anglo American Platinum (Amplats) chalked up R2.4-billion in free cash flow generated from its operations, doubled return on capital employed to 18% and reintroduced a cash dividend for the first time in seven years. Productivity has soared by 58% since 2012... 

Amplats restores dividend, productivity soars, six die
Photo by Duane Daws
Amplats CEO Chris Griffith and FD Ian Botha

Banking Association 'ready to respond' to Ramaphosa’s SoNA call

By: News24Wire      19th February 2018 The Banking Association of South Africa have said they are ready to respond to President Cyril Ramaphosa’s call in the State of the Nation Address, to work with other stakeholders towards the recovery of the economy and country. Managing Director of BASA, Cas Coovadia, said the association joined... 

SANDF allowed peaceful 'change of leadership' – Ramaphosa

By: News24Wire      19th February 2018 The South African National Defence Force (SANDF) has proven its role as a protector of the country’s constitutional order by allowing a peaceful handover of leadership in the ANC, President Cyril Ramaphosa said in Kimberley on Sunday. "Our nation celebrates the change of leadership in the... 

Jobs summit announced as Ramaphosa delivers message of ‘hope and renewal’

By: Terence Creamer     16th February 2018 President Cyril Ramaphosa, who sought to align his nascent presidency as closely as possible with that of President Nelson Mandela in his inaugural State of the Nation (SoNa) address on Friday night, announced that a jobs summit would be convened in the coming months to allow social partners to... 

Jobs summit announced as Ramaphosa delivers message of ‘hope and renewal’
President Cyril Ramaphosa

Werksmans questions Transnet's statement about 1 064 locomotive procurement report

By: Simone Liedtke     16th February 2018 Law firm Werksmans Attorneys on Friday said it was surprised at State-owned Transnet board's attempt to absolve anyone of wrongdoing when its report into alleged fraud related to the procurement of 1 064 locomotives, had concluded that, not only should Transnet institute appropriate disciplinary... 

Media companies fined for price-fixing

By: Simone Liedtke     16th February 2018 Two print media companies have concluded consent agreements with the Competition Commission and agreed to pay fines amounting to millions of rands after admitting to participating in price fixing and the fixing of trading conditions in contravention of the Competition Act. The two separate... 

CDC launches inaugural supplier development day

By: Simone Liedtke     16th February 2018 The Coega Development Corporation (CDC) will hold its inaugural Supplier Development Day at the Vulindlela Accommodation and Conference Centre (VACC), in Coega, in the Eastern Cape, on February 22. The event seeks to facilitate access to information for small, medium-sized and microenterprises... 

Eyes on Gigaba amid talk of Cabinet reshuffle before budget

By: Reuters     16th February 2018 South Africa's Treasury is set to present its 2018 budget to parliament on Wednesday but market focus is on whether new President Cyril Ramaphosa will reshuffle the cabinet before then and replace Finance Minister Malusi Gigaba. Ramaphosa was sworn in as head of state on Thursday after his... 

Eyes on Gigaba amid talk of Cabinet reshuffle before budget
Photo by Bloomberg
Finance Minister Malusi Gigaba

Isuzu launches standalone South African business, new mu-X utility vehicle

By: Megan van Wyngaardt     16th February 2018 Isuzu Motors South Africa (IMSA) on Friday not only launched its standalone business at its manufacturing plant in Struandale, Port Elizabeth – apart from the General Motors brand, following the latter’s exit from South Africa last year –  but also showcased its new bakkie-derived sports utility... 

Isuzu launches standalone South African business, new mu-X utility vehicle
Isuzu mu-X

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions

By: Terence Creamer     16th February 2018 The global head of GE Power says the group anticipates that South Africa’s future electricity mix will incorporate higher contributions from wind and solar and that its South African unit, which currently has a strong coal focus, will “pivot and adjust” its skills and localisation strategies... 

GE Power expects to build a renewables ‘ecosystem’ in South Africa as electricity mix transitions
GE Power president and CEO Russell Stokes

Cartrack launches R9.99 a month anti-theft product

By: Irma Venter     16th February 2018 Fleet management and vehicle tracking group Cartrack has launched a R9.99-a-month theft-only insurance product. The JSE-listed group on Friday said the “first-to-market innovative insurance offering for vehicle theft” targeted the uninsured market in South Africa. 

Cartrack launches R9.99 a month anti-theft product
Cartrack CEO Zak Calisto

Rand flirts with R11.50/$ as markets await possible Cabinet reshuffle

By: News24Wire      16th February 2018 Rand gains on the election of a new South African president have run their course, say analysts, as markets await a possible Cabinet reshuffle this weekend. The rand, which opened at R11.62 to the dollar on Friday, strengthened to R11.56/$ during the course of the morning. However, analysts... 

 Rand flirts with R11.50/$ as markets await possible Cabinet reshuffle

Ramaphosa carries weight of economic expectations on shoulders

By: African News Agency      16th February 2018 South Africa’s brand new President Cyril Ramaphosa is riding on a wave of goodwill across the political divide as the country looks to him to steer the recovery of an ailing economy widely attributed to his predecessor Jacob Zuma. But failure by Ramaphosa to quickly get the economy back on track... 

Ramaphosa carries weight of economic expectations on shoulders
President Cyril Ramaphosa

Davies assures DTI will weather budget constraints

By: Megan van Wyngaardt     16th February 2018 While the South African fiscus will face a tough Budget – to be tabled by Finance Minister Malusi Gigaba next week – Trade and Industry Minister Dr Rob Davies said his department would rise to the challenge and “work with whatever resources we get”. Speaking to Engineering News Online on the... 

Eskom's Matshela Koko submits letter of resignation

By: News24Wire      16th February 2018 Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.   This came out at his second disciplinary hearing, currently taking place in Sandton. 

Eskom's Matshela Koko submits letter of resignation
Photo by Duane Daws
Eskom Executive Matshela Koko

Ramaphosa set to outline priorities in key speech

By: Reuters     16th February 2018 President Cyril Ramaphosa is expected to give more details about how he plans to tackle corruption and boost economic growth on Friday, when he delivers his first state of the nation address. Ramaphosa was sworn in as head of state on Thursday after his scandal-plagued predecessor, Jacob Zuma,... 

Ramaphosa set to outline priorities in key speech
President Cyril Ramaphosa

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