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Eskom to seek special procurement dispensation to help it address ‘crisis’ 

By: Terence Creamer     19th March 2019 Crisis-ridden power utility Eskom is approaching the Auditor-General and the National Treasury to seek approval for a special procurement dispensation that will allow it to accelerate the purchase of critical goods and services required to address ongoing breakdowns of its coal fleet. The... 

Eskom to seek special procurement dispensation to help it address ‘crisis’
Public Enterprises Minister Pravin Gordhan and Eskom chairperson Jabu Mabuza

Hulamin reviews extrusions business, rolled products reaches record volumes 

By: Marleny Arnoldi     19th March 2019 JSE-listed aluminium supplier and exporter Hulamin’s rolled products division reported a “superb” manufacturing performance for the year ended December 31, 2018, increasing its sales by 6% to 228 000 t. This third consecutive year of record sales volumes from rolled products helped to offset... 

Hulamin reviews extrusions business, rolled products reaches record volumes

No escaping the move to electric, says Jaguar as it launches new I-Pace 

By: Irma Venter     19th March 2019 A third fully electric vehicle has made its debut in South Africa. The new Jaguar I-Pace adds to the Nissan Leaf and BMW i3 already available in the local market. 

No escaping the move to electric, says Jaguar as it launches new I-Pace
The Jaguar I-Pace

Menar’s Canyon offers Eskom cheaper coal on open-book basis  

By: Martin Creamer     19th March 2019 Coal mining company Canyon Coal, a Menar group company, is prepared to offer coal to State-owned electricity utility Eskom at a cheaper price on an open-book basis from two new projects. The Menar group, which does not supply coal to Eskom at present, employs 3 500 people on a R7-billion asset... 

Menar MD and Canyon Coal executive chairperson Vuslat Bayoğlu talks to Mining Weekly Online’s Martin Creamer. Photos: Creamer Media’s Dylan Slater. Video: Nicholas Boyd

NUM says Ramaphosa assured union no jobs would be lost in Eskom unbundling

By: Marleny Arnoldi     Updated 6 hours ago The National Union of Mineworkers (NUM) on Tuesday confirmed that it had met with President Cyril Ramaphosa, Public Enterprises Minister Pravin Gordhan and Energy Minister Jeff Radebe this week. The union noted, however, that it still needed to consult with its members employed at Eskom, on the... 

Greenpeace opposes Eskom’s application to postpone air quality legislation compliance

By: Simone Liedtke     Updated 6 hours ago Nonprofit organisation Greenpeace Africa on Tuesday reaffirmed its opposition to State-owned Eskom’s application for further postponements and/or suspensions from air quality legislation. The organisation explained that, in the interests of realising the Constitutional right to a healthy... 

Greenpeace opposes Eskom’s application to postpone air quality legislation compliance
Photo by Creamer Media's Dylan Slater
Greenpeace global air pollution unit lead analyst Lauri Myllyvirta

Numsa members continue strike at AMSA

By: Marleny Arnoldi     Updated 6 hours ago The National Union of Metalworkers of South Africa (Numsa) has met with the Commission for Conciliation, Mediation and Arbitration (CCMA) to help resolve the strike at steel producer ArcelorMittal South Africa (AMSA). The union said in a statement on Tuesday that it had been unable to reach an... 

Imperial roof collapse inquiry to take a recess, reconvene in June

By: Marleny Arnoldi     Updated 7 hours ago The Imperial Logistics construction structural collapse inquiry will go on recess and reconvene on June 18. The Department of Labour (DoL) in January launched an investigation into the causes of the roof collapse of a building, which was under construction on the premises of Imperial Logistics,... 

Oxford Parks Phase 2 construction set for Sept 2020 completion

By: Marleny Arnoldi     19th March 2019 Construction company Concor Buildings anticipates completion of construction on Phase 2 of the Oxford Parks project, in Rosebank, in September 2020. Concor in February started construction on Phase 2 of the mixed-use development, following the completion of the construction of Phase 1 last year.  

Oxford Parks Phase 2 construction set for Sept 2020 completion
Phase 2 of Oxford Parks, in Rosebank

Phaswana to retire as Mondi joint chairperson

By: Simone Liedtke     Updated 6 hours ago LSE- and JSE-listed packaging and paper group Mondi on Tuesday announced that Fred Phaswana, joint chairperson of the boards of Mondi Limited and Mondi, has informed the boards of his decision to retire. Phaswana will retire after the completion of the company’s proposed simplification, which is... 

Financial markets driven by politics, rather than economic fundamentals – Peregrine

By: Marleny Arnoldi     Updated 6 hours ago The world is in an era of populism and nationalism, marked by the rapid rise of politicians echoing the message of a “selfish” State, effectively making the geopolitical landscape a treacherous one, says Peregrine Treasury Solutions. Corporate treasury manager Bianca Botes noted in a release... 

Boeing reiterates its commitment to ensuring aviation safety

By: Tasneem Bulbulia     19th March 2019 In a March 19 letter addressed to airlines, passengers and the aviation community, Boeing Company chairperson and CEO Dennis Muilenburg stressed the company’s commitment to ensuring safe and reliable travel on its airplanes. “This overarching focus on safety spans and binds together our entire... 

Africa is running out of water as cities' populations boom

By: Bloomberg     19th March 2019 As water supplies in Ghana’s capital grew increasingly erratic, Beatrice Kabuki stopped customers from using her grocery store’s bathrooms and installed a plastic storage tank at her home. “The taps flow once a week and usually at night, so we stay awake to fetch what we can store,” Kabuki, 35,... 

Kenya, France collaborate on new Nairobi railway line

By: African News Agency      19th March 2019 A French consortium will build a new railway line linking Nairobi’s Jomo Kenyatta International Airport (JKIA) and the central business district within the next two years, according to a report on Tuesday. The commuter rail, complemented by a Rapid Bus Transit System are expected to greatly... 

Davies hails Hisense’s R72m investment in Atlantis factory expansion

By: Tasneem Bulbulia     Updated 6 hours ago Minister of Trade and Industry Dr Rob Davies has hailed Hisense’s investment of R72-million into its refrigeration and television production lines at its factory in Atlantis, in Cape Town, as an “important achievement” and “another example of the fruits of South Africa’s successful partnership... 

Eskom, government plans for Stage 5 and Stage 6 load-shedding to stave off national blackouts  

By: News24Wire      19th March 2019 Eskom and government have started planning for Stage 5 and Stage 6 load-shedding, according to officials who say that there is a race against time to ensure that a national blackout and grid collapse does not happen.  Stage 5 and Stage 6 load shedding imply shedding 5 000 MW and 6 000 MW... 

 Eskom, government plans for Stage 5 and Stage 6 load-shedding to stave off national blackouts

We only have ourselves to blame – Eskom COO 

By: News24Wire      19th March 2019 Eskom only has itself to blame for the lapse of a contract for early detection of maintenance failures, according to Eskom chief operations officer (COO) Jan Oberholzer. There are currently seven generating units which have broken down due to boiler tube leaks as Eskom struggles to maintain its... 

 We only have ourselves to blame – Eskom COO

Mapisa-Nqakula cancels meeting with Mozambique counterpart

By: African News Agency      19th March 2019 The Defence and Military Veterans Minister has announced the cancellation of a meeting scheduled to take place on Tuesday with her counterpart from neighbouring Mozambique, which has been hit by the deadly Cyclone Idai that has left a trail of death and destruction. "Owing to unforeseen... 

South Africa police probe into Steinhoff fraud at advanced stage

By: Bloomberg     19th March 2019 An investigation into an alleged fraudulent transaction by Steinhoff International Holdings is at an advanced stage, South Africa’s Serious Commercial Crime Investigation unit said in a presentation to be delivered to lawmakers in Cape Town on Tuesday. The emergence of new details into the probe... 

Eskom sets aside R50bn over 5 years for maintenance

By: News24Wire      19th March 2019 Eskom has set aside R50-billion over the next five years for maintenance as ageing infrastructure is unable to keep up with electricity demand, according to the power utility’s CEO Phakamani Hadebe. Hadebe said Eskom had been using its maintenance spend previously on generation alone but will now... 

 Eskom sets aside R50bn over 5 years for maintenance
Photo by Creamer Media's Dylan Slater
Eskom CEO Phakamani Hadebe

Eskom needs 'crisis reaction' – Mabuza

By: News24Wire      19th March 2019 Eskom chairperson Jabu Mabuza says the operational side of Eskom requires “crisis reaction” as well as time and speed to fix the current load-shedding situation. He was briefing the media on Tuesday, along with Minister of Pubic Enterprises Pravin Gordhan as the country entered the fifth... 

 Eskom needs 'crisis reaction' – Mabuza
Photo by Creamer Media
Eskom Chairperson Jabu Mabuza

'No magic formula to solve power crisis' – Gordhan

By: News24Wire      19th March 2019 There is no magic formula to solve the current load-shedding crisis and the Minister of Public Enterprises Pravin Gordhan is unable to say when the rotational blackouts will be over. Gordhan was briefing the media on Tuesday, along with senior Eskom officials as the country entered its fifth... 

 'No magic formula to solve power crisis' – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Gordhan, Mabuza to shed light on SA’s power crisis

By: News24Wire      19th March 2019 Minister of Public Enterprises Pravin Gordhan and the chairperson of the Eskom Board, Jabu Mabuza, will hold a media briefing to give an update on electricity supply problems on Tuesday morning in Johannesburg.  South Africans have faced five consecutive days of load-shedding, including power... 

 Gordhan, Mabuza to shed light on SA’s power crisis
Photo by Creamer Media's Dylan Slater
Eskom board chairperson Jabu Mabuza

Water supply, economic activity under threat as Eskom struggles to supply power

By: African News Agency      19th March 2019 South Africa's State-owned electricity company Eskom continued implementing rolling blackouts on Tuesday as its crippled generating units struggled to supply enough power in a crisis likely to further hurt the ailing economy. In its latest statement Eskom said it was implementing "stage 2"... 

Water supply, economic activity under threat as Eskom struggles to supply power

Mandatory, compulsory programmes launched in response to systemic challenges facing govt departments

By: Simone Liedtke     18th March 2019 In direct response to the systemic challenges facing government departments, the National School of Government’s (NSG’s) mandatory and compulsory programmes were launched on Monday, in Pretoria. The launch follows President Cyril Ramaphosa’s statement during his State of Nation Address last... 

Ascendis Health records strengthened interim gross margin

By: Tasneem Bulbulia     18th March 2019 Ascendis Health’s gross margin for the six months ended December 31, 2018, strengthened by 260 basis points to 44.9%, mainly owing to improved raw material pricing through strategic sourcing in Farmalider and Remedica, the discontinuation of low-margin products in the Wellness, Biosciences and... 

Eskom's 'perfect storm' and how the power utility is managing the crisis 

By: News24Wire      18th March 2019 South Africa has been oscillating between Stage 2 and Stage 4 load shedding since Friday, cutting up to 4 000 MW from the national grid per day. The rolling blackouts are expected to continue until Wednesday, with demand expected to taper off towards the end of the week, as Thursday is a public... 

 Eskom's 'perfect storm' and how the power utility is managing the crisis

FNB/BER Building Confidence Index declines to near 8-year low

By: Tasneem Bulbulia     18th March 2019 The First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index dropped to 25 in the first quarter of this year, from 32 in the fourth quarter of 2018. This 7-point decrease resulted in the index nearly reaching an eight-year low. 

Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth 

By: Terence Creamer     18th March 2019 The Public-Private Growth Initiative (PPGI), an evolving sector-based collaboration between government and business, has earmarked 18 projects across various sectors of the South African economy for priority implementation in the coming months. Minister in the Presidency Dr Nkosazana Dlamini-Zuma... 

Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth
Minister in The Presidency Dr Nkosazana Dlamini-Zuma speaks, while Dr Johan van Zyl, Mpumi Mpofu and Roelf Meyer listen

M&R Cementation awarded Palabora ventilation shaft contract

By: Marleny Arnoldi     18th March 2019 Mining contractor Murray & Roberts (M&R) Cementation has been awarded a contract by Palabora Mining Company for a 1 200 m deep ventilation shaft. The shaft, with a lined diameter of 8.5 m, will reach a final blind sink depth of 1 190 m before a drop raise takes it to its final depth.  

Western Cape water levels hold steady

By: Natasha Odendaal     18th March 2019 While the average water levels of the Western Cape's dams have remained steady over the past two weeks, the drought is far from over, the Western Cape government warns. The average water level for all dams in the Western Cape currently stands at 39.8%, up from the 19.5% reported in the... 

Opec+ affirms commitment to oil cuts, defers decision to extend

By: Bloomberg     18th March 2019 Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the... 

The BioCycle aims to turn human waste into lubricants, biodiesel 

By: Irma Venter     18th March 2019 The BioCycle plans to have completed the design of its first South African commercial scale facility by the end of 2020, to be followed by a global rollout of the technology, says MultiCycle director Marc Lewis. The BioCycle aims to develop commercially viable and scalable processes for the... 

The BioCycle aims to turn human waste into lubricants, biodiesel

Zimbabwe currency crisis robs Bell of record year 

By: Irma Venter     18th March 2019 A new currency regime in Zimbabwe robbed Bell Equipment of a record financial year, giving the company a R87.4-million “ankle-tap that went straight to the bottom line”, said CEO Leon Goosen on Monday. “It happened right at the end of the year. It’s incredibly sad.” 

Zimbabwe currency crisis robs Bell of record year

Ramaphosa stuck in train with commuters

By: African News Agency      18th March 2019 President Cyril Ramaphosa on Monday experienced first hand the daily struggles of commuters after being stuck for hours on a train with disgruntled commuters while on the election campaign trail. Ramaphosa and the commuters boarded the train at Mabopane Station in Pretoria before 08:00. The train... 

Nederburg, KWV remain among top 50 global most admired wine brands

By: Marleny Arnoldi     18th March 2019 Winery Nederburg has, for a fourth consecutive year, ranked in the top 50 list of the “World’s Most Admired Wine Brands” in UK-based publication Drinks International. Nederburg is one of only two South African wine brands that made the list, which selects out of more than 200 of the most... 

Nederburg, KWV remain among top 50 global most admired wine brands
Nederburg vinyard

Looming SA 'expat tax' is ultimately fair – Citadel

By: African News Agency      18th March 2019 Changes to South Africa's Income Tax Act which will from March 2020 see expatriates taxed locally for income from foreign employment exceeding R1-million is ultimately fair given their continued ties in the country, financial services group Citadel said on Monday. The National Treasury held a... 

 Looming SA 'expat tax' is ultimately fair – Citadel

Channelling Thatcher, South Africa’s President takes on its unions

By: Bloomberg     18th March 2019 In 1987, an anti-apartheid firebrand named Cyril Ramaphosa led South Africa’s biggest-ever mining strike. Some 300 000 miners – from a union Ramaphosa himself had founded – walked off the job, protesting pay and working conditions. The mining company “used fascist methods to destroy workers’... 

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