https://www.engineeringnews.co.za
R/€ = 16.21 Change: -0.13
R/$ = 14.36 Change: -0.04
Au 1387.99 $/oz Change: 44.51
Pt 807.60 $/oz Change: 5.91
 
Close

Email me free daily news

Email address

Ramaphosa confirms R230bn support for Eskom to be front-loaded

By: Terence Creamer     Updated 3 hours ago President Cyril Ramaphosa announced on Thursday that the R230-billion in fiscal support being directed to debt-laden power utility Eskom over the coming ten years would be structured in a way that ensures a significant portion is provided in the early years. A Special Appropriation Bill would be... 

Ramaphosa confirms R230bn support for Eskom to be front-loaded
President Cyril Ramaphosa

Group Five shareholders unlikely to receive any value from business rescue process 

By: Simone Liedtke     Updated 7 hours ago Dave Lake and Peter van den Steen, the business rescue practitioners (BRPs) for Group Five on Thursday informed shareholders that it was “very unlikely” that they would receive any value back on their investments in the construction group. Shares “are not worth very much at all”, Lake told... 

Group Five shareholders unlikely to receive any value from business rescue process

Tambo Springs project an 'exciting experience', says Italian Railways 

By: Irma Venter     20th June 2019 Italian Railways senior VP Nino Cingolani expects the consortium appointed as the preferred bidder in the Tambo Springs Intermodal Terminal project to sign the 20-year concession agreement with Transnet Freight Rail by the end of the year. The consortium, announced earlier this month, is led by... 

Tambo Springs project an 'exciting experience', says Italian Railways

Afrimat Construction Index shows marginal improvement year-on-year

By: Simone Liedtke     20th June 2019 JSE-listed Afrimat’s Construction Index (ACI) for the first quarter broadly followed the same “disappointing trend” evident in overall economic activity during the quarter, with gross domestic product (GDP) having contracted by more than 3% quarter-on-quarter. Economist Dr Roelof Botha, who... 

Afrimat Construction Index shows marginal improvement year-on-year
Photo by Creamer Media's Dylan Slater
Afrimat CEO Andries van Heerden

Solidarity offers input into how Denel can resolve its financial problems

By: Tasneem Bulbulia     Updated 6 hours ago Solidarity has submitted a memorandum with containing possible solutions it believes will help defence group Denel overcome the challenges it faces. The memorandum was addressed to Denel CE Dr Danie du Toit and was compiled after Solidarity conducted a survey among its members at Denel group... 

Local steel exporters suffering amid lower US steel demand

By: Marleny Arnoldi     Updated 6 hours ago Trade union Solidarity says South African exporters of steel and aluminium products are under severe pressure after the US recently granted Canada and Mexico exemption from steel and aluminium tariffs. The US in May lifted the 25% tariff on steel and the 10% tariff on aluminium for Canada and... 

Local steel exporters suffering amid lower US steel demand
Photo by Creamer Media's Dylan Slater
Solidarity deputy general secretary Marius Croucamp

Mercuria, South African firms place bids for South32's SAEC coal mines 

By: Reuters     Updated 6 hours ago Seriti Resources and a consortium backed by global energy trader Mercuria are among up to six groups to have submitted final bids for the South African coal assets of South32, four sources familiar with the matter told Reuters. A consortium backed by South African miner Exxaro Resources dropped... 

Mercuria, South African firms place bids for South32's SAEC coal mines

Engineers concerned over lack of projects, skills

By: Tasneem Bulbulia     Updated 6 hours ago  The decline in engineering projects and a shortage of engineering skills are issues of concern to engineers, the 2019 PPS Graduate Professional Index (GPI) results have revealed. An overwhelming 78% of engineers believe there has been a decline in South African engineering project opportunities,... 

Social enterprise here to stay, says Deloitte

By: Marleny Arnoldi     Updated 6 hours ago Intensifying economic, social and political disruption are forcing organisations to move beyond mission statements and social impact programmes, to putting people at the centre of their business strategies and learning to lead the social enterprise. “To bring meaning back into the workplace and... 

R600m retail boost on the cards for PE’s Boardwalk Precinct

By: Simone Liedtke     20th June 2019 Flanagan & Gerard Group and Moolman Group have signed an agreement with Emfuleni Resorts, a subsidiary of Sun International, to extend and upgrade the retail area at Boardwalk Casino and Entertainment World, in Port Elizabeth, in a R600-million redevelopment project. The Boardwalk Mall... 

R600m retail boost on the cards for PE’s Boardwalk Precinct
An artist's impression of the entrance area of the upgraded retail area at Boardwalk Casino and Entertainment World

Naamsa Automotive Conference to boast two themes this year

By: Simone Liedtke     20th June 2019 This year’s iteration of the Naamsa Automotive Conference will feature two themes that will be linked under the overall slogan of ‘Reimagining the future together’. The first theme, ‘Embracing innovation as an indispensable catalyst for prosperity and sustainable growth’, will interrogate how... 

Entries for Africa Netpreneur Prize Initiative to close on June 30

By: Tasneem Bulbulia     Updated 6 hours ago Entries for the Africa Netpreneur Prize Initiative (ANPI) will officially close on June 30, leaving less than ten days for African entrepreneurs to submit their applications for the chance to pitch their business ideas to Chinese business magnate Jack Ma and win a share of the $1-million prize at... 

Sierra Leone President opens bids for 7 km airport bridge

By: Reuters     20th June 2019 Sierra Leone's President opened a tender process on Wednesday for building a 7 km bridge at a cost of up to $2-billion to link Freetown to the country's only international airport. Freetown International Airport at Lungi is currently accessible only by boat or helicopter, separated from the... 

Kenya slashes 2030 power production targets as use still low – media

By: Reuters     20th June 2019 Kenya has cut its target for expanding its electricity output by 2030 by nearly 30% as demand is growing more slowly than expected, its energy minister was quoted as saying. The country now plans to add 7 200 MW of installed electricity capacity to its grid by 2030, down from an original target... 

Kenya slashes 2030 power production targets as use still low – media

Karpowership sees 'huge potential' in energy-hungry Africa

By: Bloomberg     20th June 2019 Karpowership, one of the world’s largest powership companies, is building vessels the size of several football fields to meet rising demand for energy, especially from Africa. The unit of Turkey’s Karadeniz Energy Group has about 20 ships under construction, according to Karpowership’s director... 

Lafarge Africa rises to 3-week high after it sells South African unit

By: Reuters     Updated 6 hours ago Shares of Lafarge Africa rose 9.95% to a three-week high on Thursday after the cement maker said it had sold its loss-making South African operations. The stock of the local unit of Franco-Swiss group Lafarge Holcim listed in Lagos, climbed to 10.50 naira, outperforming the weaker Nigerian All... 

Minergy appoints CEO-designate 

By: Martin Creamer     20th June 2019 The Botswana Stock Exchange-listed Minergy on Thursday announced that its CFO Morne du Plessis had been appointed CEO-designate and would take over the reins of the coal mining and coal trading company on August 1. This follows last month’s announcement that current Minergy CEO Andre Bojé, 63,... 

Minergy appoints CEO-designate
Minergy CEO-designate Morne du Plessis

Cape's plants are dying out – and local authorities need citizens' help

By: News24Wire      20th June 2019 Almost 40 plant species have gone extinct in the Western Cape since 1900, making it one of the hot spots for plant extinction on the planet. A new study, published in the journal Nature Ecology and Evolution, found that across the world about 600 trees, flowers, and fruit-bearing plants have died... 

Nigeria to consider its industries in Africa free trade zone decision

By: Reuters     20th June 2019 Nigeria will consider the interests of its industries in deciding whether to sign up to a $3-trillion Africa free-trade agreement, President Muhammadu Buhari said in a meeting with local manufacturers on Wednesday. The African Continental Free Trade Agreement (AfCFTA) encompasses 1.2-billion... 

Vivo Energy in joint venture to accelerate growth of KFC franchise in East Africa

By: African News Agency      20th June 2019 Vivo Energy said on Thursday it had agreed to form a joint venture with Kuku Foods East Africa Holdings, the owner of KFC franchises in East Africa, to accelerate the growth of its current franchise portfolio of 30 restaurants in Kenya, Uganda and Rwanda. Vivo Energy, the pan-African retailer and... 

Wits launches first solar district heating system in South Africa 

20th June 2019 The South African National Energy Development Institute last month launched the first solar district heating system in South Africa at the Wits University’s Junction Campus, saving the buildings millions in energy costs a year. 

Wits launches first solar district heating system in South Africa

Five things to watch out for in Ramaphosa’s State of the Nation speech

By: Bloomberg     20th June 2019 South African President Cyril Ramaphosa on Thursday delivers his first state-of-the-nation speech since the ruling party extended its quarter-century grip on power in last month’s election. His address to Parliament in Cape Town is scheduled to begin at 19:00. Here are five key things to watch... 

Five things to watch out for in Ramaphosa’s State of the Nation speech

Resilient infrastructure key to limiting natural disaster costs – World Bank

By: Marleny Arnoldi     19th June 2019 World Bank and Global Facility for Disaster Reduction and Recovery in its latest report had found that the net benefit (on average) of investing in more resilient infrastructure in low- and middle-income countries would be $4.2-trillion, or $4 in benefit for each $1 invested. The report, titled... 

Resilient infrastructure key to limiting natural disaster costs – World Bank

Science academies call for increased air pollution mitigation

By: Marleny Arnoldi     19th June 2019 The National Academies of Sciences and Medicine from South Africa, Brazil, Germany and the US had joined forces in calling to action on harmful air pollution. The academies were calling for a new global compact to improve collaboration on the growing problem, and for governments, businesses and... 

TCTA moves ahead with R12.3bn second phase of Mokolo-Crocodile water scheme 

By: Terence Creamer     19th June 2019 Trans-Caledon Tunnel Authority (TCTA) announced on Wednesday that it had commenced with the implementation of the Mokolo-Crocodile Water Augmentation Project Phase 2A (MCWAP-2A) project, which is strongly associated with minerals and energy projects in the Limpopo province and is, thus, facing... 

Motus’ South African vehicle sales decrease

By: Tasneem Bulbulia     19th June 2019 Motus’ total vehicle market performance in South Africa declined by 2.4% in the 11 months to May 31, with 496 512 units sold, compared with the 508 785 units sold in the 11 months to May 31, 2018, with the country’s and global economic and political environments having been unsettled during the... 

Transnet signs R8.5bn rail deal with UMK 

By: Marleny Arnoldi     19th June 2019 State-owned freight utility Transnet and manganese producer United Manganese of Kalahari on Wednesday “renewed their business vows” by signing an R8.5-billion contract to move two-million to three-million tonnes a year of manganese by rail to six South African exports channels. Transnet... 

Transnet signs R8.5bn rail deal with UMK
Photo by Creamer Media's Marleny Arnoldi
UMK CEO Victor Radko and Transnet commercial sales and marketing group executive Mike Fanucchi

South Africa urged to do more to develop its human capital base

By: Tasneem Bulbulia     19th June 2019   It is important for countries, and especially South Africa, to revisit how they build their human capital base. 

Govt to spend R38bn on Metrorail, Mbalula to seek 'proper policing' on trains 

By: Irma Venter     19th June 2019 The South African government will spend about R38-billion over the next three years on the procurement of new trains for the Metrorail service, as well as on the modernisation of signalling systems, depots, perway and stations, says new Transport Minister Fikile Mbalula. “The expenditure will... 

Govt to spend R38bn on Metrorail, Mbalula to seek 'proper policing' on trains
Photo by Creamer Media's Irma Venter
Transport Minister Fikile Mbalula

Emira’s Denver warehouse attracts tenants looking for ‘state-of-the-art’ facilities

By: Simone Liedtke     19th June 2019 JSE-listed Emira Property Fund’s refurbished warehouse facility, in Denver, Johannesburg, has opened its doors and is attracting tenants looking for state-of-the-art facilities paired with contemporary office space and energy efficiency. The real estate investment trust invested R8.2-million in... 

Emira’s Denver warehouse attracts tenants looking for ‘state-of-the-art’ facilities
Emira Property Fund’s refurbished warehouse facility, in Denver, Johannesburg

Eskom appoints Nxumalo as new head of generation 

By: Terence Creamer     19th June 2019 State-owned power utility Eskom has announced that Bheki Nxumalo has been appointed as its group executive for generation as from July 1 2019. Nxumalo takes over the role permanently from Andrew Etzinger, who has been acting in the position for the past nine months. 

Eskom appoints Nxumalo as new head of generation
Bheki Nxumalo

Johannesburg Water warns of major supply shutdown

By: African News Agency      19th June 2019 A major water supply shutdown by Rand Water will affect businesses and residences next week. Johannesburg Water said the Monday shutdown will last for 54 hours. "The shutdown is on the B11 pipeline to a 2500mm butterfly valve from Lethabo to Vereeniging pumping stations and will affect Rand Water... 

 Johannesburg Water warns of major supply shutdown

SAA says possible strike by pilots could hurt airline's business

By: African News Agency      19th June 2019 South African Airways has said that the industrial action threatened by aggrieved pilots could hurt the embattled airline's business.  This as the South African Airways Pilots’ Association on Monday questioned the interim SAA chief executive Zukisa Ramasia's competency to run the State-owned... 

SAA says possible strike by pilots could hurt airline's business
Photo by Reuters
SAA interim CEO Zukisa Ramasia

UCT ranked in top 20% of world’s universities

By: Thabi Madiba     19th June 2019 The University of Cape Town has moved up two places to 198 in the latest Quacquarelli Symonds World University Rankings, placing it in the top 20% of the world’s universities. UCT keeps its title as the top university in Africa. Early this year in the 2019 QS World University Rankings by Subject,... 

UCT ranked in top 20% of world’s universities

Local cotton lint buying driving clothing and textile industry’s revitalisation 

By: Marleny Arnoldi     19th June 2019 Clothing retailer Edcon has increased its order for cotton lint to 2 200 t for the next year as part of its commitment to the clothing and textile industry through the Sustainable Cotton Cluster (SCC). Edcon first bought 600 t of cotton lint in mid-2016 when it signed a cotton lint commitment... 

Local cotton lint buying driving clothing and textile industry’s revitalisation
Photo by Creamer Media's Dylan Slater
Commercial cotton farm in Marble Hall, Limpopo

The only option for Eskom is one South Africa can't afford

By: Bloomberg     19th June 2019 South Africa simply has to rescue the nation’s distressed power utility. Even though it can’t afford to. Eskom Holdings supplies 95% of the nation’s electricity. If it went bankrupt, the entire economy would be dragged down as well. The danger of that is growing: The utility has a mountain of... 

The only option for Eskom is one South Africa can't afford
Photo by Creamer Media's Terence Creamer
Eskom's Lethabo power station

Steinhoff takes first steps toward recovery as losses narrow

By: Bloomberg     19th June 2019 Steinhoff International Holdings reduced its loss by 70% in the fiscal year ended in September, the South African retailer’s first step toward recovering from an accounting scandal. The net loss was €1.2-billion during the period, down from €4-billion in the previous year. The owner of Conforama... 

Kenyan lawmakers propose nationalisation of Kenya Airways

By: Bloomberg     19th June 2019 Kenya’s Parliamentary transport committee proposed the nationalisation of Kenya Airways after rejecting the airline’s proposal to allow it to manage the nation’s biggest airport. The committee proposed creating a holding company with four subsidiaries including the carrier and the Jomo Kenyatta... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

Wits launches first solar district heating system in South Africa

On-The-Air (14/06/2019)

Aviation manufacturing can be showcase for industrial stimulation

Industrial development funding mix can improve success

SAA, Eskom faced with leadership challenge

Builders Warehouse opens flagship store in Boksburg

Heavy Haul Game Changer

Renergen dual listing to provide benefit of Australian research, understanding

more

Manufacturing News

Capital Equipment

Chemicals & Pharmaceuticals

Clothing & Textiles

Food & Beverage

Foundries, Forges & Die-Casting

Furniture & Wood products

Hydraulics

Industrial Filters & Filtration

Instrumentation & Control

Manufacturing

Metals & Engineering

Paper, Plastics, Packaging, Printing

Pipes & Tubes

Pumps

Rubber

Valves

Welding & Cutting

Services News

Architecture

Business Process Outsourcing

Consulting Engineers

Corrosion Control

Education & Skills Development

Financial

Legal

Maintenance

Material Handling

Quality Assurance & Standards

Quantity Surveyors

Company Announcements

more

Research Reports

Projects

more

Press Office

more

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close