http://www.engineeringnews.co.za
R/€ = 15.68 Change: -0.04
R/$ = 13.45 Change: -0.02
Au 1267.72 $/oz Change: -0.38
Pt 878.00 $/oz Change: 13.83
 
Close

Email me free daily news

Email address

IDC denies politically connected elite has ‘hijacked’ black industrialist scheme

By: Terence Creamer     22nd June 2018 South Africa’s Industrial Development Corporation (IDC) has defended the integrity of the credit approval processes for its flagship Black Industrialist Programme and has given the assurance that the scheme has not be captured by individuals with connections to the governing African National... 

IDC denies politically connected elite has ‘hijacked’ black industrialist scheme
Photo by Creamer Media
Economic Development Minister Ebrahim Patel has promised that the IDC will release the names of beneficiaries

New-look IPP bid documents will need to strike delicate balance

By: Terence Creamer     22nd June 2018 The new bid documentation being prepared by the Department of Energy (DoE) for future independent power producer (IPP) procurement rounds will have to strike a delicate balance between sustaining investor interest and responding to society’s demand for increased socioeconomic benefits. In fact,... 

New-look IPP bid documents will need to strike delicate balance
Allen & Overy partner Jason van der Poel

Restructuring Eskom top of South Africa's agenda – Nene

By: Reuters     22nd June 2018 Restructuring State-run power firm Eskom is "on top of the agenda" for South Africa, Finance Minister Nhlanhla Nene said on Friday, though he said recent outages likely had very little impact on the economy. Africa's most industrialised economy suffered power outages earlier in June because of... 

Restructuring Eskom top of South Africa's agenda – Nene
Photo by Creamer Media
Finance Minister Nhlanhla Nene

Nontechnical issues present the main obstacles to nuclear’s role in future energy mix

By: Rebecca Campbell     22nd June 2018 Key issues regarding the future of nuclear power in South Africa were raised at the National Nuclear Regulator’s recent 2nd Nuclear Regulatory Information Conference, held in northern Johannesburg. The conference took place over three days.  

Nontechnical issues present the main obstacles to nuclear’s role in future energy mix

More must be done for youth development, job creation – Mabuza

By: Anine Kilian     22nd June 2018 The Human Resource Development Council (HRDC) should be able to contribute meaningfully in answering why South Africa’s unemployment rate remains stubbornly high, at 27.7%, Deputy President David Mabuza said on Friday.   Addressing delegates at the twentieth HRDC meeting, in Johannesburg, he... 

Govt eyes staff cuts, hiring caps after wage deal

By: Reuters     22nd June 2018 Government is considering layoffs and early retirement packages for staff in the public sector to avoid breaking its pledge to cut spending after unions clinched above-inflation wage increases, the Treasury said on Friday. Under a deal reached in May, the government will raise salaries of public... 

Govt eyes staff cuts, hiring caps after wage deal

Saldanha Bay aquaculture development zone gets green light

By: Marleny Arnoldi     22nd June 2018 The proposed sea-based Aquaculture Development Zone (ADZ), in Saldanha Bay, in the Western Cape, has been granted an environmental authorisation.  

Saldanha Bay aquaculture development zone gets green light

Durban High Court lifts Shongweni landfill interdict

By: African News Agency      22nd June 2018 An interdict brought by a Durban community preventing national waste management firm EnviroServ from operating its Shongweni-based hazardous landfill site was lifted by the Durban High Court on Thursday. Judge Johan Ploos van Amstel lifted the restrictive interdict claiming it had served its... 

Arid cities urged to adopt climate responsive design solutions

By: Anine Kilian     22nd June 2018 A new research report by multinational professional services firm Arup highlights the need for cities in arid and semi-arid climates, like Cape Town, to not only manage their scarce water resources better, but to promote smarter ways of living in arid urban environments through climate responsive... 

Getting below the surface of the Cape Town water crisis

By: News24Wire      22nd June 2018 It will take three months and cost R350-million for a small-scale temporary desalination plant to produce enough water to raise the level of Cape Town’s supply dams by just 1%. Yet the small amount of rain over the long weekend in April raised the dam levels by more than 1% – free of charge.... 

AfDB launches index to drive improvements in electricity regulatory environment

By: Marleny Arnoldi     22nd June 2018 The African Development Bank (AfDB) this week launched its Electricity Regulatory Index (ERI) at the Africa Energy Forum 2018, in Mauritius.  

AfDB launches index to drive improvements in electricity regulatory environment
African Development Bank power, energy, climate change and green growth development VP Amadou Hott

IFC signs $34m financing agreement for Zambia solar project

By: Marleny Arnoldi     22nd June 2018 The International Finance Corporation (IFC) has signed a $34-million financing agreement with Enel, the Industrial Development Corporation of Zambia and the European Investment Bank for the construction of the 34 MW Ngonye solar plant, in Zambia.  

Zambia shortlists ten firms for 100 MW solar projects

By: Reuters     22nd June 2018 Zambia has shortlisted ten regional and international companies to build a total of 100 MW of solar electricity projects by 2020, the director of the project said on Friday. Zambia is heavily dependent on hydropower and following a drought in 2016, an electricity shortage hit Africa's No.2 copper... 

Kenya Airways to restart hedging to counter oil price volatility

By: Reuters     22nd June 2018 Kenya Airways' immediate biggest challenge is oil price volatility, and the airline will restart price hedging, its chief executive officer said on Friday. "The volatility of the oil price has been really tremendous. Addressing this is of utmost concern," Sebastian Mikosz told a news conference... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      22nd June 2018 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

Seychelles parliament blocks planned Indian naval base on remote island

By: Reuters     22nd June 2018 Seychelles parliament will not ratify a pact allowing India to build naval facilities on one of the archipelago’s islands, a top foreign affairs ministry official said on Friday. The two countries signed an agreement in January to build military facilities on the remote island of Assumption, but... 

World Bank approves $455m loan for Tanzania power projects

By: Reuters     22nd June 2018 The World Bank has approved a $455-million loan to Tanzania under its International Development Assistance (IDA) programme to support financing of power projects in the East African nation. The financing from IDA, which gives grants or low-interest loans to the world’s poorest countries, will... 

Zimbabwe regulator cuts mobile data tariffs by 60 percent

By: Reuters     21st June 2018 Zimbabwe's telecoms regulator has cut the price of mobile data by 60% with effect from next month, it said on Thursday, adding that it will now review charges annually. Lower prices will likely increase the country's Internet penetration rate, which the country's regulator says stood at 50.8%... 

IEC encourages the youth to register to vote in the 2019 elections

By: Simone Liedtke     21st June 2018 The Electoral Commission of South Africa (IEC) aims to increase the voter’s roll by about one-million to at least 27-million people before the 2019 national elections take place. National elections are expected to be held at some stage between May and August next year. 

IEC encourages the youth to register to vote in the 2019 elections
Photo by Dylan Slater
IEC CEO Sy Mamabolo

Gama cites need for digital change to ensure greater economic growth

By: Simone Liedtke     21st June 2018 With an unemployment rate of about 27% in South Africa, State-owned Transnet CEO Siyabonga Gama highlights the need for creating, on an urgent basis, more job absorption strategies. This vision, he explained at the Vision 2030 Summit, in Johannesburg, on Thursday, will involve employing more of... 

Gama cites need for digital change to ensure greater economic growth
Photo by Dylan Slater
Transnet CEO Siyabonga Gama

New era for healthcare as Motsoaledi abolishes co-payments

By: News24Wire      21st June 2018 The abolishment of co-payments is one of the proposals of the Medical Schemes Amendment bill, announced by Health Minister Aaron Motsoaledi. Motsoaledi was speaking at a briefing on the medical schemes amendment bill and National Health Insurance bill in Pretoria on Thursday. 

 New era for healthcare as Motsoaledi abolishes co-payments
Health Minister Aaron Motsoaledi

Imperial board to proceed with Motus unbundling, separate listing

By: Nadine James     21st June 2018 Imperial Holdings’ board has resolved to proceed with the unbundling of its Motus automotive business, it announced on Thursday. The JSE-listed company has previously indicated its plans to restructure its operations into two large independent and self-sufficient businesses – one holding the... 

Imperial board to proceed with Motus unbundling, separate listing
Imperial CEO Osman Arbee

Govt to deploy support teams to assist distressed municipalities – Nel

By: Simone Liedtke     21st June 2018 Government is working to ensure that all distressed and dysfunctional municipalities have access to a district support team by December this year, says Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel. Speaking at the Vision 2030 Summit, in Johannesburg, on Wednesday, he... 

Govt to deploy support teams to assist distressed municipalities – Nel
Photo by Simone Liedtke
Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel

Brand new equipment takes centre stage at coal terminal

By: Martin Creamer     21st June 2018 The first phase of the equipment replacement project reached full swing at the Richards Bay Coal Terminal (RBCT) on Thursday when R1.34-billion worth of brand new stacker reclaimers and shiploaders went into official action, holding out the prospect of improved turnaround times for coal... 

Brand new equipment takes centre stage at coal terminal
Photo by Martin Creamer
The official launch of a new machine at the Richards Bay Coal Terminal

Cummins and Komatsu launch S Africa’s first TEC programme at Sedibeng TVET 

21st June 2018 Cummins Africa Middle East and Komatsu Africa have teamed up to bring the first Technical Education for Communities, or TEC, programme to South Africa. Natasha Odendaal tells us more. 

Cummins and Komatsu launch S Africa’s first TEC programme at Sedibeng TVET

Zambia aiming for power prices that reflect costs by end 2018

By: Reuters     21st June 2018 Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price. In 2015 and 2016, Zambia experienced a... 

Current account deficit widens in Q1 as exports slump

By: Reuters     21st June 2018 South Africa's current account deficit widened more than expected in the first quarter to register its largest shortfall in two years as the trade balance swung to a deficit after a steep decline in exports, the central bank said on Thursday. Investor sentiment in South Africa picked up after... 

NGOs rate South Africa’s transition to a green economy at five out of ten

By: Nadine James     21st June 2018 Nongovernmental organisations (NGOs) on Thursday released the findings of new research, which describes South Africa’s transition to a low-carbon, sustainable and inclusive future as “stuck in first gear”, with ambitious policies but slow implementation. The ‘South Africa Green Economy... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector
Rio-Carb MD Martin Maine

Globeleq-led consortium partners with EDM to progress Moz gas-fired power project

By: Nadine James     21st June 2018 Lead partner in the Temane Energy Consortium (TEC), Globeleq, has signed a joint development agreement with Electricidade de Moçambique (EDM) to progress the 400 MW Temane gas-fired power project, located in Mozambique’s Inhambane province. The agreement, which was signed at the African Energy... 

Standard Bank promises fleet savings as fuel price surges

By: Irma Venter     21st June 2018 A number of fleet management solutions can save businesses the additional costs of the recent value-added tax (VAT) and fuel price increases, says Standard Bank Fleet Management executive head Derick de Vries. He says this year’s increase in VAT to 15% from 14% can be “comfortably offset” by... 

Standard Bank promises fleet savings as fuel price surges
Derick de Vries

Traffic on Gauteng’s freeways to grow by 50 000 trips a day in 2018

By: Irma Venter     21st June 2018 Current traffic growth on Gauteng’s e-toll freeways is running at around 4%, says South African National Roads Agency Limited (Sanral) planning, toll and transportation project engineer Alan Robinson. This means the current volume of 1.25-million people-trips a day on the e-toll freeway network... 

Traffic on Gauteng’s freeways to grow by 50 000 trips a day in 2018

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

By: Terence Creamer     21st June 2018 Murray & Roberts (M&R) announced on Thursday that it would proceed to further develop a potential tie-up with Aveng after the Takeover Regulation Panel (TRP) sanctioned the outcome of an earlier shareholder vote, which approved a resolution stating that the proposed Aveng deal was not designed to... 

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

For OPEC, oil tariff spat is short-term gain, long-term pain

By: Reuters     21st June 2018 Opec, which has lost Chinese market share to US oil producers, should in theory view a tariff spat between Beijing and Washington as a boon. But while Opec can sell more oil to China as a result of import tariffs on US crude, in the long term the trade dispute could hit economic growth and oil... 

Zambia urges South African firms to invest in public projects

By: Reuters     21st June 2018 Zambia's finance minister urged South African firms to invest in roads and power plants in Africa's No.2 copper producer after it suspended borrowing indefinitely, slowing down the accumulation of new debt amid worries about the risk of distress. The International Monetary Fund rejected Zambia's... 

Avocado 'green gold' ripe and ready for South Africa's farmers

By: Reuters     21st June 2018 Whether you like to squash it onto your toast in the morning, millennial-style, eat it to cut your cholesterol with healthy unsaturated oil, or moisturise your face with it - if you live in the West, you're probably rarely far from an avocado. And that is very good news for South Africa's... 

Eskom wage negotiations enter final day

By: African News Agency      21st June 2018 Wage negotiations between Eskom and trade unions will on Thursday enter the final day after workers rejected the 4.7% wage offer from the embattled power utility. Trade unions on Wednesday said they presented a consolidated wage proposal to Eskom as talks resumed for a second day this week after... 

Eskom wage negotiations enter final day

Mondi says completes acquisition of Egypt's NPP in Egypt

By: African News Agency      21st June 2018 Paper and packing company Mondi said late on Wednesday it had completed the acquisition of Egypt's National Company for Paper Products (NPP) for the equivalent of €24-million on a debt and cash free basis. NPP, which operates an industrial bags plant in Giza near Cairo, will be integrated into... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

On-The-Air (22/06/2018)

When crime intelligence is lacking

Cummins and Komatsu launch S Africa’s first TEC programme at Sedibeng TVET

Mining charter, illegal mining, FDI in the spotlight

On-The-Air (15/06/2018)

China–Africa Industrial Cooperation

Twinsaver opens Kliprivier plant, now largest tissue manufacturer in sub-Saharan Africa

On-The-Air (08/06/2018)

more

Manufacturing News

Capital Equipment

Chemicals & Pharmaceuticals

Clothing & Textiles

Food & Beverage

Foundries, Forges & Die-Casting

Furniture & Wood products

Hydraulics

Industrial Filters & Filtration

Instrumentation & Control

Manufacturing

Metals & Engineering

Paper, Plastics, Packaging, Printing

Pipes & Tubes

Pumps

Rubber

Valves

Welding & Cutting

Services News

Architecture

Business Process Outsourcing

Consulting Engineers

Corrosion Control

Education & Skills Development

Financial

Legal

Maintenance

Material Handling

Quality Assurance & Standards

Quantity Surveyors

Company Announcements

more

Research Reports

Projects

more

Press Office

more

RSS Feed

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 $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close