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Sanral says it is ready to implement R30bn in projects

By: Irma Venter     Updated 1 hour 11 minutes ago The South African National Roads Agency Limited (Sanral) says it is ready to implement R30-billion worth of construction projects. Sanral engineering executive Louw Kannemeyer says the road agency has a portfolio of projects that will be implemented during the course of the 2020/21 financial year... 

Sanral says it is ready to implement R30bn in projects

Kingsgate Clothing adds localised isolation gown to PPE line-up

By: Irma Venter     Updated 4 hours ago The Kingsgate Clothing Group has expanded its personal protective equipment (PPE) production line-up to include isolation gowns, used by hospital personnel. The group already produces cloth masks for the commercial and corporate market. 

Kingsgate Clothing adds localised isolation gown to PPE line-up
The localised isolation gown

R15bn in investment eyed for Cape Town Harbour Arch development

By: Simone Liedtke     Updated 1 hour 38 minutes ago Plans are afoot to invest R15-billion into a project to develop the area of the Cape Town foreshore that is currently underused but that is expected to become another major success for the region, similar to the V&A Waterfront. The area will be developed into a desirable mixed-use precinct that... 

R15bn in investment eyed for Cape Town Harbour Arch development
An artist's rendering of the Harbour Arch development, in Cape Town.

MTN to exit Middle East markets, focus on Africa 

By: Natasha Odendaal     Updated 4 hours ago Telecommunications giant MTN is planning to exit its Middle East markets over the medium term as it turns its focus solely to its African markets. The group’s renewed focus on the future of its pan-African strategy forms part of its ongoing portfolio review programme. 

MTN Group president and CEO Rob Shuter discusses MTN’s planned exit from its Middle East markets.

Transnet signs deal to supply 300 freight rail wagons to Mozambican rail operator

By: Donna Slater     Updated 5 hours ago State-owned rail engineering company Transnet Engineering (TE) and Mozambican State-owned railway operator Caminhos De Ferros De Mocambique (CFM) have signed a rolling stock supply agreement valued at more than R400-million. Under the terms of the agreement, TE will supply 300 freight wagons to... 

Transnet signs deal to supply 300 freight rail wagons to Mozambican rail operator
Representatives from Transnet Engineering and Caminhos De Ferros De Mocambique sign the 300 wagon deal

Eskom: Former execs 'conspired' to benefit the Gupta brothers

By: News24Wire      Updated 5 hours ago Former Eskom executives conspired with the Gupta brothers and their business associates for six years to syphon funds from the power utility, a summons revealed. The 73-page summons, filed by Eskom with the Special Investigating Unit, with the North Gauteng High Court on Monday seeks to recover... 

 Eskom: Former execs 'conspired' to benefit the Gupta brothers

Mondi resumes dividends thanks to resilient business model

By: Marleny Arnoldi     Updated 4 hours ago JSE-listed paper and packaging group Mondi has decided to resume dividend payments relating to the 2019 financial year and the six months ended June 30. The company declared a final dividend of €0.29 in 2019.  

Seifsa says high court ruling in favour of the DTIC ‘gives hope’

By: Simone Liedtke     Updated 3 hours ago The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the High Court ruling in favour of the Department of Trade, Industry and Competition (DTIC) in a procurement matter, saying that it will boost struggling local businesses amid the pandemic-induced economic... 

South African stakeholders to bring together partners for AI development discussions

By: Natasha Odendaal     6th August 2020 Academia, private sector and civil society have signed an Expression of Interest (EoI) aimed at bringing together experts to lead the development of artificial intelligence (AI) in South Africa and establish an internationally aligned AI institute. Inked during the virtual AI Dialogue South... 

EIB, Afreximbank direct €300m of support to Africa's Covid-19 response 

By: Donna Slater     Updated 3 hours ago The European Investment Bank (EIB), an arm of the European Union, and multilateral trade finance institution, the African Export-Import Bank (Afreximbank), are directing €300-million of financing to support the resilience and recovery of African nations in response to the Covid-19 pandemic. The... 

World airlines expect next 12 months to be tough

By: Rebecca Campbell     Updated 4 hours ago No less than 68% of the world’s airline Chief Financial Officers and Heads of Cargo expect profits not to improve or even to decline further over the next 12 months. This is one of the results reported in the International Air Transport Association’s (IATA’s) “Airline Business Confidence Index... 

Covid-19 hits Embraer commercial jet deliveries hard in second quarter, group reports

By: Keith Campbell     Updated 4 hours ago Embraer, the Brazil-based major aerospace group which is the world’s number one manufacturer of commercial jets with up to 150 seats, has confirmed that it is slowing down the development of its new generation E175-E2 airliner, because of the current poor condition of the global airliner market,... 

Covid-19 hits Embraer commercial jet deliveries hard in second quarter, group reports
Photo by Rebecca Campbell
An Embraer E190-E2 photographed at the Airlink facility at OR Tambo International Airport while on a demonstration tour

BLSA says foreign investment levels continue to be affected by crime levels

By: Sashnee Moodley     Updated 45 minutes ago Foreign investment will be difficult to attract as long as South Africa’s crime levels, particularly violent crime levels, remain high. This was the view of Business Leadership South Africa national project manager Fouche Burgers on Thursday, followings the release of the country’s crime... 

BLSA says foreign investment levels continue to be affected by crime levels

Kibo subsidiary acquires 100% interest in Mast Energy

By: Donna Slater     Updated 1 hour 25 minutes ago Multi-asset, Africa-focused, energy company Kibo Energy, through its 100%-owned UK subsidiary Sloane Developments (Sloane), has acquired 100% interest in Mast Energy Developments (MED). As part of the existing deal with MED, Sloane has acquired from St Anderton on Vaal the remaining 40% interest... 

FTI launches ESG diagnostic tool to expand compliance

By: Donna Slater     Updated 1 hour 28 minutes ago The strategic communications division of NYSE-listed business advisory firm FTI Consulting strengthened its environment social governance (ESG) and sustainability practice with the official launch of the ESG Compass on August 5. ESG Compass is a distinctive diagnostic tool that maps a company’s... 

Claims continue to pour in for workers contracting Covid-19 at work, says department

By: Simone Liedtke     Updated 1 hour 41 minutes ago As the country races to the peak of the coronavirus pandemic, the Department of Employment and Labour (DEL) continues to offer services that either shield workers from the worst of the effects of the pandemic or, at worst, compensate workers who contract it at work. With regard to compensation, a... 

TBCSA launches app to assist tourism industry navigate Covid-19 protocols

By: Donna Slater     Updated 3 hours ago Through a multistakeholder partnership, hospitality, travel and tourism sector lobby organisation, the Tourism Business Council of South Africa (TBCSA), has launched a tourism and hospitality industry Covid-19 assistance mobile application – the Opus4business App. The app is intended to aid in... 

Eskom, Sasol gear up for energy storage and renewables roll-outs 

Updated 6 hours ago Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about Eskom's battery energy storage plans and Sasol's renewables roll-out. 

Eskom, Sasol gear up for energy storage and renewables roll-outs

Glencore holds back on dividend, accelerates net debt reduction

By: Martin Creamer     Updated 7 hours ago Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the London- and Johannesburg-listed diversified... 

Glencore holds back on dividend, accelerates net debt reduction
Ivan Glasengerg

PPE scandal highlights need to modernise public procurement – National Treasury 

By: Terence Creamer     5th August 2020 The National Treasury has halted the emergency procurement of personal protective equipment (PPE) and reverted to open procurement processes amid a normalisation of supply and growing allegations of corruption, which Finance Minister Tito Mboweni acknowledged on Wednesday had led to a breakdown... 

PPE scandal highlights need to modernise public procurement – National Treasury
Finance Minister Tito Mboweni

Covid-19 relief should reach all SMEs, says SAVCA

By: Simone Liedtke     5th August 2020 Small- and medium-sized enterprise (SME) relief was short-lived after President Cyril Ramaphosa announced a R200-billion government Covid-19 loan guarantee scheme in April. The scheme was intended to support businesses with a yearly turnover of less than R300-million, as part of efforts intended... 

Covid-19 relief should reach all SMEs, says SAVCA
SAVCA CEO Tanya van Lill

BBBEE report shows worrying ownership trends

By: Tasneem Bulbulia     5th August 2020 The Broad-Based Black Economic Empowerment (B-BBEE) Commission's 'BBBEE Transactions Analysis Report for 2018/19' shows that, of the 95 ownership deals filed for registration, 70 were subsequently registered but 25 were rejected owing to their failure to comply with the registration requirements.... 

Italtile appoints new CFO

By: Tasneem Bulbulia     5th August 2020 JSE-listed Italtile has appointed Brandon Wood CFO with effect from August 3. He succeeds Tsundzukani Mhlanga, who resigned with effect from June 30. 

Creecy extends public comment on compulsory proposed manufacturer recycling regulations

By: Donna Slater     5th August 2020 Environment, Forestry and Fisheries Minister Barbara Creecy, on August 5, granted a 30-day extension for public comment on proposed regulations regarding extended producer responsibility with regard to the management of waste post the consumer stage of a product’s lifecycle. Members of the... 

Tourism department releases list of SMEs that benefited from R200m fund

By: Donna Slater     5th August 2020 Tourism Minister Mmamoloko Kubayi-Ngubane, on August 5, made public a list of small, medium-sized and microenterprises that benefited from the tourism relief funding programme during the ongoing Covid-19 pandemic that has forced the vast majority of the sector to close its doors in line with... 

Mpact ensures business continuity as electricity, Covid-19 challenges persist 

By: Simone Liedtke     5th August 2020 Paper and plastic packaging manufacturer Mpact managed to ensure business continuity, alongside the safety and health of employees, over the past six months, especially as the period, which ended on June 30, began with persistent external electricity supply interruptions across South Africa,... 

Mpact CEO Bruce Strong speaks to Engineering News following the release of the company's results on August 5. Camerawork: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Platinum continuing to attract strong investor interest – WPIC  

By: Martin Creamer     5th August 2020 The interest in platinum group metals (PGMs) is high at the moment, World Platinum Investment Council (WPIC) research director Trevor Raymond said on Wednesday. Speaking to Mining Weekly from London in a Zoom interview, Raymond said: “As you know, the WPIC doesn’t forecast price but one of our... 

World Platinum Investment Council research director Trevor Raymond talks to Mining Weekly’s Martin Creamer. (Video: Darlene Creamer)

Local vehicle production to decline by 31% in 2020, says Naamsa 

By: Irma Venter     5th August 2020 Following record new-vehicle production of 631 983 units in 2019, supported by record vehicle exports, 2020 vehicle production is expected to decline by about 31%, to 435 500 units, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its newest quarterly business... 

Local vehicle production to decline by 31% in 2020, says Naamsa

Climate change must be considered when granting water use licences, says Water Tribunal

By: Simone Liedtke     5th August 2020 A landmark decision by the Water Tribunal confirms that water licensing authorities must consider the impacts of climate change when deciding whether or not to grant water use licences for new coal-fired power stations. In a decision handed down on July 21, the tribunal upheld an appeal to set... 

Gauteng High Court rules in favour of government on localisation matter

By: Tasneem Bulbulia     5th August 2020 The Gauteng High Court recently ruled in favour of government in a matter involving procurement conditions applicable to electrical transformers. The challenge arises from a government decision to refuse an exemption from a localisation condition to enable imports of electrical transformers on... 

Seed companies join forces to form Limagrain Zaad South Africa

By: Tasneem Bulbulia     5th August 2020 Three of South Africa’s agricultural seed companies, Link Seed, Klein Karoo Seed Marketing (K2) and Seed Co South Africa, have joined forces to create a joint venture (JV) company − Limagrain Zaad South Africa − to provide multi crop alternatives for farmers in Southern Africa. K2 offers an... 

Covid-19 trends in Africa informed by various factors

By: Tasneem Bulbulia     5th August 2020 The Covid-19 pandemic has not been as significant a public health issue in some parts of Africa as it has been in other parts of the world, University of Birmingham International Development Department head Dr Jonathan Fisher said during  an Australia-Africa Minerals & Energy Group webinar on... 

Opinion: Highlights of upcoming code for embedded generation

5th August 2020 In this article, South African Photovoltaic Industry Association board member Frank Spencer offers insight on the upcoming SANS 10142-1 standards for embedded generation installations 

Opinion: Highlights of upcoming code for embedded generation

Penguin guano seen from space leads to discovery of new colonies

By: Bloomberg     5th August 2020 Satellite-mapping technology that detects stains on the ice from penguin droppings has revealed there are nearly 20% more Emperor colonies than previously identified in fast-warming Antarctica. Eleven new colonies of the species were found, taking the census to 61 across the polar continent,... 

Just Share labels Investec’s climate-risk disclosure report as new benchmark

By: Terence Creamer     5th August 2020 Shareholder activism organisation Just Share has described the ‘Climate Related Financial Disclosures’ report published by Investec in May as having set a new benchmark for South African banks in climate-risk disclosure. The Just Share analysis has been released ahead of Investec’s August 8... 

Just Share labels Investec’s climate-risk disclosure report as new benchmark

Astral Foods says chair, CEO have recovered from Covid-19

By: Donna Slater     5th August 2020 Poultry producer Astral Foods reports that its chairperson Dr Theuns Eloff and CEO Chris Schutte have both recovered from Covid-19. The company announced on July 16 that Eloff and Schutte had contracted the disease, following which Eloff self-isolated and received medical treatment. 

Parliamentary committee welcomes new Secretary for Defence

By: Rebecca Campbell     5th August 2020 Parliamentary Portfolio Committee of Defence and Military Veterans Chairperson Cyril Xaba has welcomes the appointment of Gladys Sonto Kudjoe as the new Secretary for Defence. She is the first woman to hold this post, which is the senior civilian public service position within the Department of... 

Sluggish growth in safety features on entry-level cars, says AA report 

By: Irma Venter     5th August 2020 The number of safety features on entry-level vehicles remains low in South Africa, although there have been some positive developments. This is according to the 2020 Automobile Association (AA) Entry-Level Vehicle Safety (ELVS) report, which assesses available safety features on entry-level... 

Sluggish growth in safety features on entry-level cars, says AA report

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MTN to exit Middle East markets, focus on Africa

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PwC says pandemic forces a relook at remuneration policies

On-The-Air (31/07/2020)

AMSA implements large-scale, but ‘flexible’, labour reorganisation as Covid-19 bites

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AECI still turns healthy profit, dividend owing to a robust response plan

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