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Pioneer’s shares rise on $1.7bn PepsiCo deal

By: Simone Liedtke     Updated 42 minutes ago JSE-listed Pioneer Foods’ share price rose by nearly 29% on Friday morning after the company announced the conclusion of an agreement with New York-headquartered PepsiCo, which plans to acquire all of the outstanding shares in Pioneer at R110 a share. The acquisition represents a 56% premium to... 

Pioneer’s shares rise on $1.7bn PepsiCo deal

How technology is starting to change logistics ecosystems

By: Schalk Burger     Updated 3 hours ago New technologies being applied to supply chains – helping to digitalise them further – can provide significant intelligence that will improve control and streamline business processes. This will be grounded in more real-time information and predictions based on analytical outputs of the data,... 

How technology is starting to change logistics ecosystems

OPINION: Making farming cool for youngsters

By: Martin Zhuwakinyu     Updated 3 hours ago In this opinion piece, Engineering News Senior Deputy Editor Martin Zhuwakinyu discusses the stigma in Africa that farming is synonymous with poverty.  

OPINION: Making farming cool for youngsters
Photo by Creamer Media's Dylan Slater
Engineering News Senior Deputy Editor Martin Zhuwakinyu

Jasco’s Reflex dispute settled favourably

By: Natasha Odendaal     Updated 1 hour 22 minutes ago A dispute challenging JSE-listed Jasco Electronics' majority ownership of Reflex Solutions by the latter’s minority shareholders has been concluded, with an arbitrator having ruled in favour of Jasco. The arbitrator ruled that the cancellation by the minority shareholders of the sale of shares... 

Gautrain looks at procuring pre-owned trains from the UK 

By: Irma Venter     18th July 2019 The Gautrain Management Agency (GMA) is investigating the procurement of pre-owned rolling stock from the UK to address peak-hour congestion on the Gautrain system. This follows as a tender process to secure 12 new four-car train sets for the Gautrain system failed to deliver the desired results... 

Gautrain looks at procuring pre-owned trains from the UK

Union reports Denel has failed to pay contributions to pension fund

By: Rebecca Campbell     Updated 1 hour 7 minutes ago Trade union Solidarity reported on Thursday that pension funds for Denel workers had not been paid to the company’s pension fund, Denret. This information had been provided by Denret. The union also reported that it had demanded that Denel provide proof of payment. Solidarity further stated that... 

Bahrain composites group aiming to use PRASA contract as platform for expansion into other sectors  

By: Terence Creamer     18th July 2019 Composites multinational BFG International, of Bahrain, has officially opened a R50-million factory in Ekurhuleni, South Africa, to supply fibreglass components for the Passenger Rail Agency of South Africa’s (PRASA’s) new trains. The investment, which is the first-ever by a Bahraini... 

BFG International group president Dr Samer Aljishi in conversation with Engineering News Editor Terence Creamer about the company's investment in South Africa and prospects for future growth. Camera Work & Editing: Nicholas Boyd. Recorded: 18.7.2019

Govt to see a 19% drop in road-generated revenue by 2030, study predicts 

By: Irma Venter     18th July 2019 By 2030, government will see a 19.45% loss in its total road-generated revenue, owing to technological and societal trends, forecasts Johann van Rensburg, a PhD candidate conducting research on transport finance. Van Rensburg delivered a paper entitled ‘Disruptive Transport Technologies:... 

 Govt to see a 19% drop in road-generated revenue by 2030, study predicts

Eskom to pay Nedbank R9m in interest before month end

By: News24Wire      18th July 2019 Eskom is due to pay over R9-million in interest to Nedbank Corporate and Investment Banking before the end of the month, it said in a notice on Wednesday evening. The interest payment notification, posted on the Johannesburg Stock Exchange News Service, relates to bond ES23 and covers the... 

Eskom to pay Nedbank R9m in interest before month end

Repo rate cut welcomed

By: Sane Dhlamini     18th July 2019 Black Business Council (BBC) CEO Kganki Matabane on Thursday welcomed the South African Reserve Bank (SARB) Monetary Policy Committee’s decision to cut the repo rate by 25 basis points to 6.5% from 6.75%. Matabane said the committee’s decision to decrease the repo rate will bring much needed... 

Repo rate cut welcomed

Platinum-linked fuel cell business accelerating at rapid rate, say experts 

By: Martin Creamer     18th July 2019 South Africa is continuing to gather top-tier insight into fuel cell technology as it navigates the electric vehicle market’s growing links to this country’s globally unparalleled platinum group metals industry. Expert after expert at this week’s Nedbank CIB’s Market Research conference outlined... 

Platinum-linked fuel cell business accelerating at rapid rate, say experts
Nedbank CIB Market Research mining analyst Arnold van Graan

South African radio astronomer elected to highly prestigious scientific body

By: Rebecca Campbell     18th July 2019 South African radio astronomer Dr Bernie Fanaroff has been inducted as a Fellow of the very prestigious Royal Society, at a ceremony in London. He headed SKA South Africa (SKA SA) from 2003 to 2015, directing South Africa’s involvement in, and contribution to, the international Square Kilometre... 

South African radio astronomer elected to highly prestigious scientific body
Photo by Sarao
Dr Bernie Fanaroff

MTN appoints new group chief digital, fintech officer

By: Natasha Odendaal     18th July 2019 Telecommunications giant MTN has appointed Yolanda Cuba group chief digital and fintech officer to lead the strategic expansion of the company’s financial services and digital solutions and transformation into a digital operator. She joins MTN from Vodacom, where she served as the chief officer... 

Calisto takes majority interest in Cartrack, triggering mandatory offer

By: Simone Liedtke     18th July 2019 Minority shareholders in JSE-listed Cartrack have, so far, declined a mandatory offer by investment holding firm Karoo and Cartrack founder and CEO Zak Calisto to buy their shares as part of a mandatory offer at R13.44 a share. Karoo, in which Calisto is the sole shareholder, has acquired a 68.2%... 

China, South Africa discuss trade relations at forum

By: Marleny Arnoldi     18th July 2019 In working towards shared development goals, South Africa and China hosted a business forum, in Midrand, on Thursday, highlighting how far trade between the two countries has come and what opportunities lie ahead. China became South Africa’s largest trading partner in 2009, when South Africa... 

China, South Africa discuss trade relations at forum

WEF on Africa to focus on inclusiveness in the 4IR

By: Tasneem Bulbulia     18th July 2019 The twenty-eighth World Economic Forum (WEF) on Africa, which will be held in Cape Town, in September, will aim to address a number of key issues impacting inclusive development in the region. These issues include supporting growth and integration through the African Continental Free Trade Area;... 

DBSA infrastructure competition gives youth chance to win R1.5m

By: Tasneem Bulbulia     18th July 2019 The Development Bank of Southern Africa (DBSA) has launched a competition aimed at getting young people in the country to come up with solutions to some of South Africa’s infrastructure challenges. The DBSA Youth Challenge is open to anyone between the ages of 18 and 35. Interested persons must... 

Nehawu 'disappointed' by government's intent to cut 30 000 public service jobs  

By: African News Agency      18th July 2019 The National Education, Health and Allied Workers' Union said on Thursday it was disappointed by the department of public service and administration's intent to cut more than 30 000 jobs. Public service and administration minister Senzo Mchunu said the department would open an opportunity for... 

Nehawu 'disappointed' by government's intent to cut 30 000 public service jobs

Rhinos come to the bond market, and other species may follow

By: Bloomberg     18th July 2019 The planned sale of a rhino impact bond, aimed at growing the population of the endangered black rhino, is seen by its backers as a test for the creation of a conservation debt market that could be used for everything from protecting species facing extinction to preserving wildlife areas. The... 

Renault and Nigeria's Coscharis Group form partnership

By: Reuters     18th July 2019 French carmaker Renault and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday. The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the... 

Air Products, Jeka highlight benefits of solar rooftop installations 

By: Simone Liedtke     Updated 33 minutes ago A solar photovoltaic roof-mounted power plant system installed at industrial and specialty chemicals supplier Air Products’ Kempton Park facility generates sufficient energy to meet between 60% and 70% of the facility’s day-time requirements, Air Products GM Maropeng Bahula says. The plant,... 

Air Products GM Maropeng Bahula speaks to Engineering News Online about the company’s newly-installed solar rooftop PV system, while Jeka Energy CEO Thembani Marhanele touches on some of the system’s specifics. Video & Editing: Creamer Media’s Nicholas Boyd.

Reserve Bank cuts repo rate 

By: News24Wire      18th July 2019 The South African Reserve Bank's monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%.  This is the first time since March 2018 that the benchmark interest rate has been cut. The central bank now expects SA's economy to grow by 0.6% in 2019. 

Reserve Bank cuts repo rate
Photo by Reuters
SARB governor Lesetja Kganyago

Atlas Copco optimises in tough market conditions 

18th July 2019 Atlas Copco South Africa last month hosted a tour at their head office in Boksburg to covey the company’s new corporate brand message – “The Home of Industrial Ideas” – which is one of the many ways Atlas Copco has tweaked its company to move into the Fourth Industrial Revolution. Marleny Arnoldi... 

Atlas Copco optimises in tough market conditions

Record private equity investment indicative of growth potential

By: Simone Liedtke     17th July 2019 South African private equity recorded a considerable increase in investment activity in 2018, with the value of new investments and follow-on investments having reached a record R35.4-billion, compared with an annual average of R15.2-billion over the preceding decade, the Southern African Venture... 

Record private equity investment indicative of growth potential
Savca CEO Tanya van Lill

AFC provides $100m for Ghana oil project

By: Tasneem Bulbulia     17th July 2019 Africa Finance Corporation (AFC) on Tuesday announced that it had financed Aker Energy, a subsidiary of Aker ASA, by investing in $100-million of convertible bond notes. The funds will be used by Aker Energy to finance the development of the Deepwater Tano Cape Three Points (DWTCTP) block, which... 

South Africa positioning itself within platinum-rich hydrogen economy

By: Martin Creamer     17th July 2019 Nurturing new forms of economic activity brought about by the green economy was important, President Cyril Ramaphosa’s economic advisor Trudi Makhaya emphasised on Wednesday. Speaking at the fuel cell conference organised by Nedbank CIB Market Research, Makhaya said a point of rupture had been... 

South Africa positioning itself within platinum-rich hydrogen economy
Photo by Creamer Media's Veronica Creamer
Trudi Makhaya

Furniture industry pursuing master plan to revive local sector

By: Tasneem Bulbulia     17th July 2019 South Africa’s furniture industry is in a state of distress, but a collaborative approach between industry, labour and government has the potential to promote its development and growth. In this vein, a Furniture Master Plan and Action Plan is being pursued as a joint initiative between... 

CIPC to implement key iXBRL Phase 2 changes by Oct 1

By: Nadine James     17th July 2019 It has been about a year since the Companies and Intellectual Property Commission (CIPC) rolled out an automated mechanism to regulate financial reporting disclosures and compliance, becoming the first regulator to do a full-scale implementation of inLine eXtensible Business Reporting Language... 

New Nelson Mandela collectable coin series unveiled

By: Thabi Madiba     17th July 2019 Paying tribute to the legacy of South Africa’s first democratically elected President and global icon Nelson Mandela, the South African Mint, on Wednesday, unveiled the last edition in the ‘Life of a Legend – Nelson Mandela’ Protea collectable coin series. Since 2013, the coin series has... 

New Nelson Mandela collectable coin series unveiled
The 1 oz R25 gold coin

Defence Minister emphasises resource, capacity challenges

By: Marleny Arnoldi     17th July 2019 The South African National Defence Force (SANDF) has become progressively more unsustainable as the Department of Defence and Military Veterans’ allocated budget has been declining in recent years, Defence Minister Nosiviwe Mapisa-Nqakula said in a media briefing ahead of her Budget Vote, on... 

Defence Minister emphasises resource, capacity challenges
Photo by Creamer Media's Dylan Slater
Defence Minister Nosiviwe Mapisa-Nqakula

Zuma denies insisting Gama be appointed Transnet CEO

By: African News Agency      17th July 2019 Former president Jacob Zuma denied vehemently that he pushed for Siyabonga Gama to be appointed Transnet CEO in 2009 over Sipho Maseko who was recommended by the Transnet board. Barbara Hogan, a former minister of public enterprises, told the state capture commission of inquiry last year that she... 

Zuma denies insisting Gama be appointed Transnet CEO
Photo by Creamer Media
Siyabonga Gama

Fixing Eskom will result in higher taxes, electricity prices – economist

By: Irma Venter     17th July 2019 There is little doubt that the taxpayer will be left footing the bill for the problems experienced at power supplier Eskom, and probably so through higher electricity prices and increased taxes. Over the last decade-plus, Eskom has seen generation capacity increase only slightly, with the amount... 

Fixing Eskom will result in higher taxes, electricity prices – economist
Photo by Creamer Media's Dylan Slater
Absa research head and chief economist Jeff Gable

AECI realignment projects offer long-term benefits

By: Marleny Arnoldi     17th July 2019 As a result of the strategic realignment projects completed by it in June, JSE-listed explosives and specialty chemicals group AECI expects to report a 22% year-on-year decrease in headline earnings per share (HEPS) for the six months ended June 30. HEPS were likely to be between 357c and 376c... 

Altron reviewing options as City of Tshwane contract is set aside

By: Nadine James     17th July 2019 Allied Electronics Corporation (Altron) is considering its potential next steps after a broadband contract between the City of Tshwane and a special purpose vehicle (SPV) involving its Altron Nexus subsidiary was set aside by a court. The Gauteng High Court, in Pretoria, on Tuesday, approved the... 

Economists expect Reserve Bank to cut repo rate by 25 basis points

By: African News Agency      17th July 2019 Economists on Wednesday said that they expect the South African Reserve Bank (SARB) to cut the repurchase rate (repo rate) by 25 basis points in a bid to stimulate economic growth. The central bank had forecast in May that South Africa's growth would reach one percent in 2019. The reduction in... 

Economists expect Reserve Bank to cut repo rate by 25 basis points

Ayanda Myoli appointed as acting Necsa CEO as Robertson departs 

By: Terence Creamer     17th July 2019 The South African Nuclear Energy Corporation has confirmed that Ayanda Myoli has been appointed acting CEO at the troubled State-owned enterprise, following the departure of Don Robertson at the end of June. Mineral Resources and Energy Minister Gwede Mantashe has been informed of Myoli’s... 

Ayanda Myoli appointed as acting Necsa CEO as Robertson departs
Ayanda Myoli

SOEs in need of expert staff – Gordhan 

By: African News Agency      17th July 2019 South Africa's State-owned enterprises need technical experts to make up three-quarters of their staff, whereas at the moment up to half were administrative support staff, Public Enterprises Minister Pravin Gordhan said on Wednesday. "Three quarters of staff should be experts in each sector we... 

 SOEs in need of expert staff – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

SA university research could lead to glass solar power breakthrough

By: African News Agency      17th July 2019 Academics from South Africa's University of the Free State (UFS), Professor Hendrik Swart and Lucas Erasmus, are doing joint research with Ghent University in Bel­gium towards developing a new type of window glass which would in effect be a transparent solar panel. The researchers have created a... 

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Edcon supports revitalisation of clothing and textile industry

4IR summit

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