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South Africa not the gateway to Africa, warns research house 

By: Irma Venter     18th June 2019 South Africa is not, as is so often punted, the gateway to Africa, says Africa House director Duncan Bonnett – this is a mere “influence illusion”. The country is more a gateway to Southern African, and not even all of that. 

South Africa not the gateway to Africa, warns research house

South Africa finds a credit rating, once lost, is hard to regain 

By: Bloomberg     18th June 2019 Lesetja Kganyago, then the top official at South Africa’s National Treasury, was taking a break at Sugarloaf Mountain in Rio de Janeiro between two G20 meetings in November 2008 when he got the bad news. Barely three years after his country had managed to get its highest-ever investment-grade... 

South Africa finds a credit rating, once lost, is hard to regain
Photo by Bloomberg
Reserve Bank governor Lesetja Kganyago

Ramaphosa to announce more support for Eskom 

By: Reuters     Updated 6 hours ago President Cyril Ramaphosa will announce more measures to support cash-strapped power utility Eskom, his office said on Tuesday, without providing details. "It is expected that the President will announce further measures to support Eskom's efforts at recovery and financial and operational... 

Ramaphosa to announce more support for Eskom

High Court orders Trillian to pay back Eskom R595m 

By: News24Wire      Updated 7 hours ago Trillian Capital Partners has been ordered to pay back Eskom almost R595-million by the High Court in Pretoria. The ruling was handed down on Tuesday. Approached for comment, Eskom said it would need to refer to its legal team for more information. The court ruled that payments from the... 

 High Court orders Trillian to pay back Eskom R595m

SBI launches scorecard to measure South Africa’s business performance

By: Tasneem Bulbulia     18th June 2019 The Small Business Institute (SBI) is launching a new scorecard, the SBI Index Tracker, to measure South Africa’s performance relative to other countries in terms of the ease of doing business and other metrics. The SBI Index Tracker measures South Africa’s business environment across the... 

Indian Ocean Rim economies urged to increase trade with each other

By: Shirley le Guern     18th June 2019 It is time to re-energise the Indian Ocean Rim Association (Iora), created by Nelson Mandela in 1997, and transform it into an active body that unlocks tangible business opportunities and helps negotiate the removal of disruptive nontariff barriers between the 22 member States. This was the... 

Aspen Pharmacare exec stresses need to include private sector in Iora

By: Shirley le Guern     18th June 2019 The Indian Ocean Rim Association (Iora) conference, held in Durban on June 17 and 18, presented an opportunity to reconfigure the conference from what has” largely been a talk shop” to “something that will make sense to business people”, Aspen Pharmacare senior executive Dr Stavros Nicolaou said.... 

Index points to mild uptick in building confidence in second quarter

By: Tasneem Bulbulia     Updated 6 hours ago Following a decline for the last two quarters, and after having reached an eight-year low of 25 in the first quarter, the First National Bank (FNB)/Bureau for Economic Research Building Confidence Index rose by four points to 29 in the second quarter. “While confidence is marginally higher, it... 

Balwin registers over 16 000 EDGE certified units

By: Simone Liedtke     Updated 6 hours ago JSE-listed Balwin Properties has registered more than 16 000 units across seven of its built-to-sell and three of its rental developments as excellence in design for greater efficiency certified with the Green Building Council South Africa. The registration will be completed over the next six... 

Balwin registers over 16 000 EDGE certified units
Balwin Properties Kikuyu development

Threats to embark on industrial action could hurt SAA, airline warns

By: Nadine James     Updated 7 hours ago South African Airways (SAA) on Tuesday noted a “deep sense of disappointment” at the South African Airways Pilots’ Association’s (Saapa’s) comments that it may embark on industrial action in protest against the appointment of Zukisa Ramasia as the airline’s acting CEO. Saapa chairperson Captain... 

State capture inquiry hears about 'Myeni's person' at SAA

By: News24Wire      Updated 7 hours ago The judicial commission of inquiry into State capture on Tuesday heard from a former South African Airways executive about how she was advised by then board chairperson Dudu Myeni to interact with her "personal advisor". The airline's former chief financial officer Phumeza Nhantsi, a chartered... 

 State capture inquiry hears about 'Myeni's person' at SAA

Govt explores new approach to industrial policy implementation

By: Nadine James     Updated 6 hours ago The government – led by the Presidency – is rethinking how industrial policy is conceptualised and implemented as a key element in revitalising the economy. This emerged during a recent debate organised by trade research organisation Trade & Industrial Policy Strategies (TIPS) on the role of... 

Aviation technology leaders reaffirm their determination to cut industry’s CO2 emissions

By: Rebecca Campbell     Updated 7 hours ago At the 2019 Paris Air Show on Tuesday, the Chief Technology Officers (CTOs) of seven of the world’s major aerospace companies issued a joint statement on their joint and cooperative commitment to reduce carbon dioxide (CO2) emissions by the aviation industry. The companies were, in alphabetical... 

Aviation technology leaders reaffirm their determination to cut industry’s CO2 emissions

Airbus launches extra long range version of its best-selling airliner family

By: Rebecca Campbell     18th June 2019 At the Paris Air Show on Monday, global major aerospace group Airbus launched the latest version of its A321neo (new engine option) single-aisle airliner (itself the largest model in the A320neo family). This is the A321XLR, XLR standing for extra long range. This new version, which will enter... 

Airbus launches extra long range version of its best-selling airliner family
Photo by Airbus
Computer-generated image of the A321XLR

Six new members join Hydrogen Council

By: Creamer Media Reporter      18th June 2019 Six new member companies have joined the Hydrogen Council, a global CEO-led initiative for hydrogen technologies. The council now has 60 members after BP joined as a steering member and AVL, Itochu Corporation, Liebherr Group, Power Assets Holdings and SinoHytec joined as supporting members. 

Joburg warns of 54-hour water cuts due to major Rand Water shutdown

By: African News Agency      18th June 2019 Joburg Water on Tuesday said that Rand Water, which is the main bulk water supplier, was planning a major shutdown that will affect all its reservoirs and towers in terms of water supply for 54 hours from next Monday, 24 June. Nico de Jager, MMC for environment and infrastructure services, said... 

Entries for AB Sugar’s Innovation Irrigate Challenge to close this week

By: Simone Liedtke     18th June 2019 Online entries for global sugar producer AB Sugar’s Innovate Irrigation Challenge, which is aimed at generating new ideas to reduce water losses from irrigation in the sugar industry, will be open for a 48-hour period over June 19 and 20. The global initiative was launched by AB Sugar in... 

SAA defends interim CEO, warns against strikes 

By: News24Wire      Updated 7 hours ago The board of South African Airways has backed its new interim CEO Zukisa Ramasia after the South African Airways Pilots Association criticised her appointment and threatened to go on strike.  Ramasia was appointed as the flag carrier's interim head earlier this month after Vuyani Jarana stepped... 

 SAA defends interim CEO, warns against strikes
Photo by Reuters
SAA interim CEO Zukisa Ramasia

The world will get half its power from wind, solar by 2050

By: Bloomberg     18th June 2019 Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3-trillion into new projects, according... 

City of Joburg to reclaim hijacked shops in Riverlea for community use

By: African News Agency      18th June 2019 The City of Joburg on Tuesday, said it was moving ahead with efforts to reclaim hijacked properties after its Council passed a report to enable the City to reclaim local community shops in Riverlea, south of Johannesburg. Leah Knott, Member of the Mayoral Committee (MMC) for Economic Development,... 

Cosatu argues for worker representation on PIC board

By: News24Wire      18th June 2019 South Africa's largest trade union federation the congress of South African Trade Unions has argued for worker representation on the board of State-run asset manager the Public Investment Corporation, saying this would help keep looting in check and increase workers' trust. Matthew Parks, the... 

 Cosatu argues for worker representation on PIC board

SA soldiers and Mozambique border police involved in shooting incident

By: African News Agency      18th June 2019 South African soldiers and Mozambique police have been involved in a shooting incident along the border in KwaZulu-Natal, prompting a board of inquiry into the matter. "The South African National Defence Force (SANDF) can confirm that a shooting incident occurred between the South African... 

Gauteng to vet minibus taxis before they can operate on reopened Soweto routes

By: African News Agency      18th June 2019 The Gauteng Provincial Government (GPG) on Tuesday said it will vet minibus taxis before they can be allowed to operate on reopened Soweto routes. "The GPG will today, 18 June 2019, begin the process of vetting minibus taxis that will be operating on the now reopened Soweto ranks and routes that... 

Cargo handled by Kenya's Mombasa port up 6% in eleven months to May

By: Reuters     18th June 2019 Kenya’s main port of Mombasa handled 6.3% more cargo in the last eleven months thanks to higher efficiency, a surge in imports and greater capacity after the port was expanded, the facility's management said on Monday. The rise in cargoes came despite uncertainty after 75 tax agency staff... 

Drought leaves key African hydro dam less than a third full

By: Bloomberg     18th June 2019 A regional drought has reduced water levels at Kariba Dam, the main source of power for Zambia and Zimbabwe, to less than a third of its capacity. The dam is only 29% full, compared with 88% a year ago and 31% at the start of June, the Zambezi River Authority said in an emailed statement on... 

State capture inquiry: Pressure mounts on Jacob Zuma to testify

By: News24Wire      18th June 2019 The Zondo commission of inquiry has informed former president Jacob Zuma's lawyers that it urgently needs him to indicate whether he agrees to testify, BusinessLive reported. Pressure has been mounting on Zuma to answer to allegations witnesses made against him at the commission. In September... 

Egypt's Tourah Cement stops production due to oversupply

By: Reuters     18th June 2019 Egyptian cement maker Tourah Cement, a subsidiary of Germany's HeidelbergCement , says it has suspended production because of financial distress caused by oversupply in the Egyptian market and is considering liquidation. "Estimated cement consumption during 2019 will end at around 50-million... 

Congo court upholds suspension of Vodacom's 2G licence

By: Reuters     18th June 2019 A court in Democratic Republic of Congo on Monday upheld the government's suspension of the second-generation (2G) telecoms licence of Vodacom Group's local unit, an official at the telecommunications ministry said. John Aluku, the minister's chief of staff, said that the Council of State issued... 

SA govt urges developing countries to respond to anti-globalisation initiatives

By: African News Agency      18th June 2019 The South African government on Monday, urged the 22 countries that belong to the Indian Ocean Rim Association to discuss how to respond to the anti-globalisation initiatives that were arising from powerful countries in the world. Sipho Zikode, deputy director-general of special economic zones at... 

SA govt urges developing countries to respond to anti-globalisation initiatives
President Cyril Ramaphosa

Salga appoints new president

By: Tasneem Bulbulia     14th June 2019 The South African Local Government Association’s (Salga's) National Executive Committee has appointed Councillor Thembisile Nkadimeng as president of the association.  She succeeds former Salga president Parks Tau, who has been appointed Deputy Cooperative Governance and Traditional Affairs... 

Salga appoints new president
Thembisile Nkadimeng

Mergence’s investment in Namibian solar plant signals further localisation

By: Tasneem Bulbulia     14th June 2019 Local asset manager Mergence Unlisted Investment Managers (Namibia) has bought a majority stake in the 6 MW Momentous Solar One plant, near Keetmanshoop, in Namibia. “The purchase of a majority stake in the Keetmanshoop project signals a positive trend to localisation of the industry – a solar... 

Mergence’s investment in Namibian solar plant signals further localisation
Momentous Solar One solar energy plant

AMIE calls on government to lead formulation of a national poultry strategy

By: Tasneem Bulbulia     14th June 2019 The right of South Africans to access a prime source of dietary protein must outweigh the factional interests of sectors of the poultry producing industry, the Association of Meat Importers and Exporters (AMIE) said on Friday, when it called on government to arbitrate in the brewing tariff battle... 

Reviving South Africa’s economy requires active involvement by all citizens – Neasa

By: Tasneem Bulbulia     14th June 2019 National Employers’ Association of South Africa (Neasa) CE Gerhard Papenfus has called on all South Africans to create the environment they envision, instead of waiting on government to ensure a conducive climate for greater economic growth. Papenfus says it is possible that the ideal environment... 

South African Express says that it is turning itself around

By: Rebecca Campbell     14th June 2019 South African State-owned regional airline SA Express (SAX) affirmed on Friday that it was making substantial progress in its turnaround programme. It has also been taking action against employees found to have been engaged in wrongdoing. All those employees who have been charged with offences,... 

South African Express says that it is turning itself around
A CRJ-700 of SA Express

Naamsa seeks quick end to wage negotiations in auto sector

By: Irma Venter     14th June 2019 The National Association of Automotive Manufacturers of South Africa (Naamsa) wants the quickest possible resolution to the looming wage negotiations between vehicle manufacturers and the National Union of Metalworkers of South Africa (Numsa), says  Naamsa executive director and CEO Mike Mabasa.... 

Naamsa seeks quick end to wage negotiations in auto sector

Good news for SA motorists! Huge 91c fuel price drop – AA

By: News24Wire      14th June 2019 Retreating oil prices have painted a rosier picture for South African fuel users than has been the case for much of 2019.  This is according to the Automobile Association which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. At this stage of the month,... 

Good news for SA motorists! Huge 91c fuel price drop – AA

Atterbury’s Western Cape office relocated to Stellenbosch heritage building

By: Nadine James     14th June 2019 Atterbury’s new Western Cape office is the La Gratitude Manor House – an iconic building, national monument and the second-oldest building in Stellenbosch. Atterbury’s decision to move its Western Cape head office was based primarily on its space requirements, but Atterbury Western Cape... 

Atterbury’s Western Cape office relocated to Stellenbosch heritage building
La Gratitude

AST declares maiden quartz resource, celebrates with inaugural blast

By: Nadine James     14th June 2019 AST Sand Mines’ Van Dykspruit quarry, on the border between Gauteng and Mpumalanga, on Friday declared its maiden quartzite-roadstone resource. AST management also oversaw the inaugral blast that would provide access to the underlying high-grade quartzite rock. 

AST declares maiden quartz resource, celebrates with inaugural blast
Van Dykspruit Quarry

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