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LS Double Helix turbines at the V&A Waterfront in Cape Town
LS Double Helix turbines at the V&A Waterfront in Cape Town
V&A Waterfront pilots ‘aesthetically pleasing’ small-scale wind turbines
3rd June 2024 By: Terence Creamer

Cape Town’s V&A Waterfront is pioneering the integration of small, low-noise vertical-axis wind turbines into its green electricity supply mix, following the installation of four 1-kW units within the mixed-use property’s Silo District and another... 


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IATA expects higher net profit margins for African airlines this year
3rd June 2024 By: Rebecca Campbell

The global representative body for the airline industry, the International Air Transport Association (IATA), has forecast that African airlines would enjoy a higher net profit margin this year than... 


Nigeria has released almost all blocked airline funds, switching IATA’s primary focus to Asia
3rd June 2024 By: Rebecca Campbell

Africa is no longer the continent holding the greatest amount of airline funds blocked from repatriation by governments, the International Air Transport Association (IATA) has reported, at its AGM,... 


Report reveals tax transparency, exchange of info progress in Africa
3rd June 2024 By: Sabrina Jardim

The ‘2024 Tax Transparency in Africa’ report shows that improved tax transparency, exchange of information (EOI) and related measures have enabled an increase in fiscal revenue for African... 


Electricity, logistics reforms in the spotlight as coalition govt looms
Electricity, logistics reforms in the spotlight as coalition govt looms
31st May 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the coalition scenarios facing South Africa as the election results are being tallied and what this could mean for the reforms under way in... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM completes strategic investment in Canada’s Surge Copper
3rd June 2024 By: Martin Creamer

South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, a Toronto Stock Exchange-Venture Exchange company that is advancing an... 


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Precium co-founder and CEO Ruaan Botha.
Payments platform Revio rebrands to Precium
3rd June 2024 By: Schalk Burger

South African enterprise payments platform startup Revio has rebranded to Precium in a move made to signify its growth from a local processor to a global payments platform. Precium experienced... 


OPEC+ extends deep oil production cuts into 2025
3rd June 2024 By: Reuters

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US... 


Rand Currency
South Africa’s post-election wrangling leaves investors in limbo
3rd June 2024 By: Bloomberg

Investors braced for further upheaval in South Africa’s financial markets in the wake of last week’s elections that produced no outright winner, with the outcome of ongoing coalition talks... 


EOH appoints new interim CEO, nonexecutive directors after resignations
31st May 2024 By: Schalk Burger

JSE-listed information technology services company EOH has appointed Marius de la Rey as interim CEO, Veronica Motloutsi as an independent nonexecutive director, and Dennis Venter and Rhys... 


Emira Property Fund CEO Geoff Jennett
Emira reports strong full-year operational results
31st May 2024 By: Sabrina Jardim

Despite high interest rates and difficult operating conditions, JSE-listed Emira Property Fund reported strong operational results, strategic delivery and capacity-enhancing active capital... 


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South Africa achieves trade balance surplus of R10.5bn in April
31st May 2024 By: Tasneem Bulbulia

South Africa recorded a preliminary trade balance surplus of R10.5-billion in April, the South African Revenue Services (Sars) reports. This surplus is attributed to exports of R169.5-billion and... 


Armscor lab to host African scientists for anti-chemical warfare course
31st May 2024 By: Marleny Arnoldi

A division of the Armaments Corporation of South Africa (Armscor), Protechnik Laboratories, will soon host 22 scientists from 14 countries for an analytical chemistry course. Protechnik has been... 


An image showing SMMEs at Coega
Coega achieves R1bn SMME procurement spend for 2023/24
31st May 2024 By: Tasneem Bulbulia

The Coega Development Corporation’s (CDC’s) Small, Medium-Sized and Microenterprises (SMME) Development Programme has achieved procurement spend of over R1-billion for the 2023/24 financial year.... 


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JustGO CarPooling connects people looking for a city-to-city ride
31st May 2024 By: Irma Venter

Online bus and flight-ticket sales specialist JustGO has launched a new CarPooling service. Using an online booking platform on which drivers can post their availability for inter-city travel,... 


Solar power panels at South Deep gold mine.
ESG intrinsic to long-term mining success, Gold Fields AGM hears
31st May 2024 By: Martin Creamer

Managing environmental, social, and governance (ESG) aspects is intrinsic to the long-term success of mining, Gold Fields chairperson Yunus Suleman highlighted at this week’s annual general meeting... 


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Magazine

Magazine round up | 31 May 2024
Magazine round up | 31 May 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

GOLDEN AGE: The gold price is extremely sensitive to global developments and to newsflow, and the strong upward momentum in the price of the precious metal during 2024 has been underpinned by geopolitical uncertainty. This month, gold surged to an all-time dollar high, and with persistent inflation, economic pressures and central bank interest, supportive factors appear to remain in place.
GOLDEN AGE

The gold price is extremely sensitive to global developments and to newsflow, and the strong upward momentum in the price of the precious metal during 2024 has been underpinned by geopolitical... 

Photo of Martin Creamer
Govt must give policy support to green reindustrialisation across full spectrum

In the same way that South Africa’s green electron-providing sun and wind energy required policy certainty to stimulate the quick ramp-up of bankable projects by the private sector, green molecules... 

Worth the ink?
Worth the ink?

The National Council of Provinces’ (NCOP’s) recent approval of the Electricity Regulation Amendment (ERA) Bill has far-reaching implications for the future structure and operation of an industry... 

Business Leader

Michelle Tinkhof, group commercial and imports director at C Steinweg Group
Michelle Tinkhof

This week we profile Michelle Tinkhof, group commercial and imports director at C. Steinweg Group, a provider of storage, handling, forwarding, chartering and other logistics services 

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AFTER THE STORM

The election storm, which has just past, carried with it developments that were at times entertaining, at times revealing and at times downright disconcerting. Now that it has passed, attention... 

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

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SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

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ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

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Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

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