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Gautrain adds R6.4bn to the Gauteng economy a year, says new study  

By: Irma Venter     15th July 2019 A new study on the socio-economic impact of the Gautrain indicates that the rapid-rail system adds R6.64-billion to Gauteng economy’s gross domestic product (GDP) – or 0.56% ­– during a typical year of operation. The newest study – the second – was conducted by consulting engineering firm Hatch. 

Gautrain adds R6.4bn to the Gauteng economy a year, says new study
Photo by Creamer Media's Irma Venter
Gauteng Roads and Transport MEC Jacob Mamabolo and Gautrain Management Agency CEO Jack van der Merwe

South African Navy falling behind other navies in Africa 

By: Kim Cloete     15th July 2019 Hit by budget cuts over the past few years, the South African Navy is bucking the regional trend and falling behind other navies in Africa, says the Chief of the South African Navy, Vice Admiral Mosiwa Samuel Hlongwane. “The naval balance of power is shifting on our continent,” Hlongwane told the... 

South African Navy falling behind other navies in Africa

Fuel cell electric vehicles set to make strong entry – visiting experts  

By: Martin Creamer     15th July 2019 There is simply no doubt that fuel cell electric vehicles (FCEVs), which use platinum group metal catalysts, will make a very strong global entry in the next decade, global experts said on Monday. Speaking to Mining Weekly Online on the eve of Nedbank’s FCEV conference in Cape Town, Professor Dr... 

Fuel cell experts talk to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photograph: Cramer Media’s Dylan Slater.

Commission finds competition distortions in public passenger transport industry

By: Marleny Arnoldi     15th July 2019 Competition Commission economist Nonkululelo Moeketsi says the commission has found various competition distortions and inefficiencies within the public passenger transport industry. Moeketsi presented preliminary findings of the inquiry into the public transport industry at the Southern African... 

Bidvest buys Eqstra Fleet Management for R3bn

By: Marleny Arnoldi     15th July 2019 JSE-listed services, trading and distribution company Bidvest has entered into an agreement to acquire Eqstra Fleet Management and Logistics from JSE-listed industrial group enX for an enterprise value consideration of R3.1-billion. Eqstra provides full fleet management solutions, including... 

Eskom’s quickest fix is giving it cash now, swapping debt later

By: Bloomberg     15th July 2019 Ask Nedbank Group CEO Mike Brown how to save South Africa’s beleaguered State-owned power utility and his approach is simple: first give it cash and then consider a debt-to-equity swap later. Eskom Holdings is paying so much in interest on its debt – at the same time that its income is falling –... 

Eskom group treasurer resigns

By: Tasneem Bulbulia     15th July 2019 Eskom group treasurer Andre Pillay has tendered his resignation and will leave at the end of August. Pillay has been with Eskom since 2011, when he was appointed senior manager for funding execution in the Eskom Treasury department. He was subsequently promoted to GM (group treasurer) in... 

Labour Court issues interdict to halt Port of Ngqura strike

By: Tasneem Bulbulia     15th July 2019 State-owned Transnet on Sunday said it had obtained a court interdict from the Labour Court in Port Elizabeth to stop the illegal strike action by employees at the Ngqura Container Terminal. The interdict also ordered workers to increase performance levels at the Port of Ngqura, where a “go-slow”... 

Jacob Zuma details ‘conspiracy’ against him 

By: Sashnee Moodley     15th July 2019 Former President Jacob Zuma on Monday proposed that an elaborate and detailed plan of character assassination against him beginning in 1990 up until his recent resignation as President had been pursued. While giving his long-awaited testimony at the State capture commission of inquiry, Zuma also... 

Jacob Zuma details ‘conspiracy’ against him
Photo by Reuters
Former President Jacob Zuma

FairPlay argues association’s reasons for supporting chicken import tariffs

By: Marleny Arnoldi     15th July 2019 Nonprofit trade movement FairPlay founder Francis Baird has reiterated the importance of curbing chicken imports into South Africa, stating that a reasonable imposed tariff will level the playing field in the domestic chicken market. This was in response to Emerging Black Importers and... 

WC dam levels continue to rise, but user cautioned not to waste water

By: Natasha Odendaal     15th July 2019 The Western Cape government on Monday urged permanent behavioural change with regard to water use as average dam levels stabilised. The average level of dams across the province contracted from 48% in 2018 to 47.2% during the same period in 2019. 

Total South Africa achieves Level 1 BBBEE rating

By: Marleny Arnoldi     15th July 2019 Petrochemicals company Total South Africa has achieved a Level 1 broad-based black economic empowerment rating. Total has since 2003 implemented a dedicated transformation strategy, which includes 52% black ownership, skills development programmes, preferential procurement, enterprise and... 

Cape Town SMME ‘uniquely positioned’ for export-led growth

By: Simone Liedtke     15th July 2019 Cape Town-based Cape Mohair is uniquely positioned for export-led growth following an “innovative” deal that addressed its need for new machinery and additional working capital. The mohair sock manufacturer is the latest in a long list of small, medium-sized and microenterprises (SMMEs) to... 

South Africa’s IRPTNs remain underdeveloped

By: Marleny Arnoldi     15th July 2019 South Africa’s integrated rapid public transport networks (IRPTNs) are still largely underdeveloped and officials are still learning lessons along the way. During city-specific sessions at the Southern Africa Transport Conference, last week, Tshwane bus service A Re Yeng acting director Ruth... 

Good party MP to call on transport minister to address MyCiTi bus issues on the Cape Flats

By: African News Agency      15th July 2019 Good party secretary-general, Brett Herron on Monday said he will appeal to Transport Minister Fikile Mbalula to intervene in reinstating MyCiTi bus services, suspended for almost two months, to residents of Khayelitsha and Mitchells Plain. He said the City of Cape Town has abandoned almost 6,000... 

Donated headsets to go a long way in helping Kruger National Park pilots

By: Yvonne Silaule     15th July 2019 Bose Aviation and Century Avionics have stepped in to assist South African National Parks pilots to communicate better with ground crews by donating 34 Bose A20 aviation headsets to the Kruger National Park. Kruger National Park communications and marketing GM Ike Phaahla said the donation would... 

Donated headsets to go a long way in helping Kruger National Park pilots
Garmir da Costa

Kibo forms strategic partnership with German power plant operator

By: Tasneem Bulbulia     15th July 2019 Aim-listed Kibo Energy has signed a collaboration agreement that will result in it establishing a strategic partnership with Steag Energy Services (SES) to further develop and advance Kibo’s energy portfolio. SES is a German engineering and operations and maintenance (O&M) company within Steag’s... 

AB InBev seeks plan B after investors bail on Asian IPO

By: Bloomberg     15th July 2019 Anheuser-Busch InBev's shares fell after the demise of a blockbuster initial public offering of the brewer’s Asian business, leaving the company in a bind. After reversing course on Friday over plans to sell a stake in the unit to raise as much as $9.8 billion, the Budweiser owner needs to find a... 

Financial constraints pose threat to the South African Navy, says Gulube

By: Kim Cloete     12th July 2019 Financial constraints and limited resources pose a "critical problem" to the running of the South African Navy and the South African National Defence Force as a whole, says South Africa’s Secretary for Defence, Sam Gulube. “The challenges pose a serious and critical problem for the continued... 

IDC drives development in Mpumalanga

By: Marleny Arnoldi     12th July 2019 Funding provided by the Industrial Development Corporation (IDC) has helped start-up recycling company Mihula Holdings increase its staffing levels to eight people. The IDC in March provided funding to enable Mihula to buy a baler and trucks for collecting raw material. 

IDC drives development in Mpumalanga

Hulamin earnings to fall on lower rolled products, automotive demand

By: Tasneem Bulbulia     12th July 2019 A sharp decline in demand in the US common alloy market following overstocking, as well as a reduction in demand for heat-treated plate, has had a severe impact on the financial performance of Hulamin’s rolled products division in the first half of the current financial year. The JSE-listed... 

Council pursuing sustainable initiatives for property sector transformation

By: Tasneem Bulbulia     12th July 2019 The property sector achieved a mixed performance in terms of broad-based black economic empowerment (BBBEE) over the past year, Property Sector Charter Council (PSCC) CEO Portia Tau-Sekati said on Thursday. She was speaking at the PSCC seminar, in Johannesburg, during which the entity’s ‘2019... 

Council pursuing sustainable initiatives for property sector transformation
Portia Tau-Sekati

City of Joburg takes construction approvals system online

By: Tasneem Bulbulia     12th July 2019 The City of Joburg (CoJ) will roll out a Building Application System to optimise the process of securing construction approvals and permits, thereby moving away from manual processes to a streamlined, efficient online solution.  This forms part of CoJ’s plan to bolster economic growth in the city... 

Aveng disposes of Rand Roads business unit

By: Tasneem Bulbulia     12th July 2019 Aveng has entered into a fully funded binding sale of business agreement with Ultra Asphalt for the sale of its Rand Roads business unit, subject to certain conditions. This followed a strategic review concluded last year wherein the business was identified as noncore. 

International AIV consortium completes work ahead of SKA construction

By: Simone Liedtke     12th July 2019 The international engineering consortium tasked with planning the assembly, integration and verification (AIV) of the SKA radio telescope has formally completed its work, representing another crucial step towards the construction of the world’s largest radio telescope. The work completed by the... 

Climate change takes priority in Creecy’s budget vote debate  

By: Nadine James     12th July 2019 Newly appointed Environment, Forestry and Fisheries Minister Barbara Creecy delivered her R7.5-billion budget vote statement in the National Assembly on Thursday, emphasising the socioeconomic threat of climate change, as more than two-million South Africans are directly dependent on the... 

Fedusa welcomes appointment of Ivan Fredericks to PIC board

By: African News Agency      12th July 2019 The Federation of Unions of South Africa on Friday welcomed the appointment of Ivan Fredericks to the Interim Board of Directors of the Public Investment Corporation. Fedusa spokesperson Frank Nxumalo described Fredericks as part of a cohort of prominent worker leaders. 

Fedusa welcomes appointment of Ivan Fredericks to PIC board

Garden Route Dam spillway on track for completion

By: African News Agency      12th July 2019 Construction on the raising of the Garden Route Dam spillway is on track and is expected to be completed within ten months, George Municipality said in a statement on Friday.  Construction of the spillway kicked off in May and the old concrete spillway was demolished and a new drainage channel... 

Heavy haul industry business models to be modelled under 4IR – Monakali

By: Simone Liedtke     12th July 2019 The official 40-page-long International Heavy Haul Association (IHHA) Vision 2030 Strategy will be published next month. The strategy, which took about 15 months to compile, is expected to unpack what the future will look like for the global heavy haul industry in terms of customer experience,... 

Heavy haul industry business models to be modelled under 4IR – Monakali
Photo by Creamer Media's Dylan Slater
Transnet Freight Rail GM Brian Monakali

Eskom seeks advice on how to spend financial aid

By: News24Wire      12th July 2019 Eskom has put out a request for information for financial services groups to assist it with "advising on the efficient and effective implementation of the government financial support package". A RFI is generally the first phase of a tender process. It is followed by a request for proposal and a... 

Eskom seeks advice on how to spend financial aid

WearCheck acquires reliability testing company, boosts services

By: Simone Liedtke     12th July 2019 Durban-based condition monitoring specialist WearCheck has bought Anglo Field Services (AFS), adding three new established divisions to the company’s reliability solutions portfolio, including nondestructive testing (NDT), technical compliance (TC) and rope condition assessment (RCA). The fourth... 

WearCheck acquires reliability testing company, boosts services
WearCheck MD Neil Robinson

Astral confirms ammonia leak at Olifantsfontein abattoir

By: Simone Liedtke     12th July 2019 Poultry producer Astral Foods has confirmed that an ammonia leak occurred at the refrigeration plant at the company’s Festive abattoir, in Olifantsfontein, in the early hours of Friday morning. The Festive abattoir and neighbouring businesses were evacuated as a precaution. 

Denel’s liquidity crisis plunges employees into new financial crisis

By: Simone Liedtke     12th July 2019 Following a further breakdown in trust between the management of State-owned defence company Denel and labour after this week’s announcement that the company had not paid over either workers’ or the company’s retirement fund contributions, a special labour forum was held on Thursday to discuss... 

Group Five BRPs still committed to Aug 30 deadline for business rescue plan

By: Tasneem Bulbulia     12th July 2019 Group Five on Thursday reiterated that its business rescue practitioners (BRPs) plan to publish a business rescue plan by August 30. This follows after it announced last month that creditors had agreed to extend the deadline for the publication of the plan from Jun 28. 

De Beers reports successful second translocation of elephants

By: Simone Liedtke     12th July 2019 The second translocation of elephants from diamond miner De Beers’ Venetia Limpopo Nature Reserve (VLNR), in South Africa, to Zinave National Parks, in Mozambique, has been completed. The first herds of elephants were corralled at the VLNR on June 25, before being transported by road for about 1... 

Nzimande promises R1bn in bursaries to poor students

By: African News Agency      12th July 2019 The national bursary scheme for students from families earning up to R350 000 a year will see R102.4-billion disbursed over the next three years, Higher Education, Science and Technology Minister Blade Nzimande said on Friday.  

Nzimande promises R1bn in bursaries to poor students
Higher Education, Science and Technology Minister Blade Nzimande

Restructuring DTI to focus heavily on AfCFTA implementation  

By: Tasneem Bulbulia     12th July 2019 The departments of Trade and Industry, and Economic Development, which are merging to become the Department of Trade, Industry and Competition (DTIC), will focus on six areas over the next five years. For this year, the priority would be the African Continental Free Trade Area (AfCFTA), which... 

Restructuring DTI to focus heavily on AfCFTA implementation
Minister Ebrahim Patel

South African energy storage firm secures innovation grant

By: Tasneem Bulbulia     12th July 2019 South African battery manufacturer Elektron Energy has been awarded a grant from Eureka Eurostars, supported by the South African Department of Science and Technology, for the research and development of next-generation bi-polar batteries. The move towards greater, more efficient and more... 

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