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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

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

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

By: Terence Creamer     Updated 7 hours ago 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... 

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

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

Mozambique gas riches near as $25bn LNG plant approved

By: Bloomberg     19th June 2019 Anadarko Petroleum approved a $25-billion liquefied natural gas (LNG) project in Mozambique that could help transform the economy of one of the world’s poorest countries. CEO Al Walker signed off on what he called the biggest ever foreign investment in Africa. Anadarko sees potential for... 

Mozambique gas riches near as $25bn LNG plant approved

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

Resilient infrastructure key to limiting natural disaster costs – World Bank

By: Marleny Arnoldi     Updated 2 hours 43 minutes ago 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

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. 

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... 

Science academies call for increased air pollution mitigation

By: Marleny Arnoldi     Updated 5 hours ago 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... 

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

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

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... 

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

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... 

Balwin registers over 16 000 EDGE certified units

By: Simone Liedtke     18th June 2019 JSE-listed Balwin Properties has registered more than 16 000 units across seven of its built-to-sell and three of its rental developments as excellence in design for greater efficiency certified with the Green Building Council South Africa. The registration will be completed over the next six... 

Balwin registers over 16 000 EDGE certified units
Balwin Properties Kikuyu development

Index points to mild uptick in building confidence in second quarter

By: Tasneem Bulbulia     18th June 2019 Following a decline for the last two quarters, and after having reached an eight-year low of 25 in the first quarter, the First National Bank (FNB)/Bureau for Economic Research Building Confidence Index rose by four points to 29 in the second quarter. “While confidence is marginally higher, it... 

Govt explores new approach to industrial policy implementation

By: Nadine James     18th June 2019 The government – led by the Presidency – is rethinking how industrial policy is conceptualised and implemented as a key element in revitalising the economy. This emerged during a recent debate organised by trade research organisation Trade & Industrial Policy Strategies (TIPS) on the role of... 

Ramaphosa to announce more support for Eskom 

By: Reuters     18th June 2019 President Cyril Ramaphosa will announce more measures to support cash-strapped power utility Eskom, his office said on Tuesday, without providing details. "It is expected that the President will announce further measures to support Eskom's efforts at recovery and financial and operational... 

Ramaphosa to announce more support for Eskom

High Court orders Trillian to pay back Eskom R595m 

By: News24Wire      18th June 2019 Trillian Capital Partners has been ordered to pay back Eskom almost R595-million by the High Court in Pretoria. The ruling was handed down on Tuesday. Approached for comment, Eskom said it would need to refer to its legal team for more information. The court ruled that payments from the... 

 High Court orders Trillian to pay back Eskom R595m

Aviation technology leaders reaffirm their determination to cut industry’s CO2 emissions

By: Rebecca Campbell     18th June 2019 At the 2019 Paris Air Show on Tuesday, the Chief Technology Officers (CTOs) of seven of the world’s major aerospace companies issued a joint statement on their joint and cooperative commitment to reduce carbon dioxide (CO2) emissions by the aviation industry. The companies were, in alphabetical... 

Aviation technology leaders reaffirm their determination to cut industry’s CO2 emissions

State capture inquiry hears about 'Myeni's person' at SAA

By: News24Wire      18th June 2019 The judicial commission of inquiry into State capture on Tuesday heard from a former South African Airways executive about how she was advised by then board chairperson Dudu Myeni to interact with her "personal advisor". The airline's former chief financial officer Phumeza Nhantsi, a chartered... 

 State capture inquiry hears about 'Myeni's person' at SAA

SAA defends interim CEO, warns against strikes 

By: News24Wire      18th June 2019 The board of South African Airways has backed its new interim CEO Zukisa Ramasia after the South African Airways Pilots Association criticised her appointment and threatened to go on strike.  Ramasia was appointed as the flag carrier's interim head earlier this month after Vuyani Jarana stepped... 

 SAA defends interim CEO, warns against strikes
Photo by Reuters
SAA interim CEO Zukisa Ramasia

Threats to embark on industrial action could hurt SAA, airline warns

By: Nadine James     18th June 2019 South African Airways (SAA) on Tuesday noted a “deep sense of disappointment” at the South African Airways Pilots’ Association’s (Saapa’s) comments that it may embark on industrial action in protest against the appointment of Zukisa Ramasia as the airline’s acting CEO. Saapa chairperson Captain... 

Six new members join Hydrogen Council

By: Creamer Media Reporter      18th June 2019 Six new member companies have joined the Hydrogen Council, a global CEO-led initiative for hydrogen technologies. The council now has 60 members after BP joined as a steering member and AVL, Itochu Corporation, Liebherr Group, Power Assets Holdings and SinoHytec joined as supporting members. 

Aspen Pharmacare exec stresses need to include private sector in Iora

By: Shirley le Guern     18th June 2019 The Indian Ocean Rim Association (Iora) conference, held in Durban on June 17 and 18, presented an opportunity to reconfigure the conference from what has” largely been a talk shop” to “something that will make sense to business people”, Aspen Pharmacare senior executive Dr Stavros Nicolaou said.... 

The world will get half its power from wind, solar by 2050

By: Bloomberg     18th June 2019 Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3-trillion into new projects, according... 

Joburg warns of 54-hour water cuts due to major Rand Water shutdown

By: African News Agency      18th June 2019 Joburg Water on Tuesday said that Rand Water, which is the main bulk water supplier, was planning a major shutdown that will affect all its reservoirs and towers in terms of water supply for 54 hours from next Monday, 24 June. Nico de Jager, MMC for environment and infrastructure services, said... 

City of Joburg to reclaim hijacked shops in Riverlea for community use

By: African News Agency      18th June 2019 The City of Joburg on Tuesday, said it was moving ahead with efforts to reclaim hijacked properties after its Council passed a report to enable the City to reclaim local community shops in Riverlea, south of Johannesburg. Leah Knott, Member of the Mayoral Committee (MMC) for Economic Development,... 

Indian Ocean Rim economies urged to increase trade with each other

By: Shirley le Guern     18th June 2019 It is time to re-energise the Indian Ocean Rim Association (Iora), created by Nelson Mandela in 1997, and transform it into an active body that unlocks tangible business opportunities and helps negotiate the removal of disruptive nontariff barriers between the 22 member States. This was the... 

Cosatu argues for worker representation on PIC board

By: News24Wire      18th June 2019 South Africa's largest trade union federation the congress of South African Trade Unions has argued for worker representation on the board of State-run asset manager the Public Investment Corporation, saying this would help keep looting in check and increase workers' trust. Matthew Parks, the... 

 Cosatu argues for worker representation on PIC board

South Africa not the gateway to Africa, warns research house 

By: Irma Venter     18th June 2019 South Africa is not, as is so often punted, the gateway to Africa, says Africa House director Duncan Bonnett – this is a mere “influence illusion”. The country is more a gateway to Southern African, and not even all of that. 

South Africa not the gateway to Africa, warns research house

SBI launches scorecard to measure South Africa’s business performance

By: Tasneem Bulbulia     18th June 2019 The Small Business Institute (SBI) is launching a new scorecard, the SBI Index Tracker, to measure South Africa’s performance relative to other countries in terms of the ease of doing business and other metrics. The SBI Index Tracker measures South Africa’s business environment across the... 

Entries for AB Sugar’s Innovation Irrigate Challenge to close this week

By: Simone Liedtke     18th June 2019 Online entries for global sugar producer AB Sugar’s Innovate Irrigation Challenge, which is aimed at generating new ideas to reduce water losses from irrigation in the sugar industry, will be open for a 48-hour period over June 19 and 20. The global initiative was launched by AB Sugar in... 

SA soldiers and Mozambique border police involved in shooting incident

By: African News Agency      18th June 2019 South African soldiers and Mozambique police have been involved in a shooting incident along the border in KwaZulu-Natal, prompting a board of inquiry into the matter. "The South African National Defence Force (SANDF) can confirm that a shooting incident occurred between the South African... 

Gauteng to vet minibus taxis before they can operate on reopened Soweto routes

By: African News Agency      18th June 2019 The Gauteng Provincial Government (GPG) on Tuesday said it will vet minibus taxis before they can be allowed to operate on reopened Soweto routes. "The GPG will today, 18 June 2019, begin the process of vetting minibus taxis that will be operating on the now reopened Soweto ranks and routes that... 

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