https://www.engineeringnews.co.za
R/€ = 19.15 Change: -0.04
R/$ = 17.36 Change: 0.03
Au 1712.44 $/oz Change: 4.39
Pt 833.75 $/oz Change: 8.30
 
Close

Email me free daily news

Email address

Auto industry to face up to 30% job, production losses, says AIDC report 

By: Irma Venter     27th May 2020 Taking into account an anticipated 6.1% decline in South Africa’s economic growth owing to the Covid-19 pandemic, new-vehicle sales will probably fall by between 20% and 30% in 2020, says a report issued by the Automotive Industry Development Centre (AIDC), titled Re-gearing the Gauteng... 

Auto industry to face up to 30% job, production losses, says AIDC report

Engineering News & Mining Weekly e-magazine now available

21st May 2020 For the duration of South Africa’s Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. 

Engineering News & Mining Weekly e-magazine now available

VWSA restarts production, exports  

By: Irma Venter     27th May 2020 Following a gradual production ramp-up, the Volkswagen Group South Africa (VWSA) plant in Uitenhage has resumed its manufacturing and export operations. Production was restarted on May 4 already, in line with the regulations pertaining to Alert Level 4 of the Covid-19 lockdown, with essential... 

VWSA restarts production, exports 
Thomas Schäfer

Pandemic-induced slump in global energy investment risks locking in obsolete technologies 

By: Terence Creamer     27th May 2020 The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge by $400-billion in 2020, a new International Energy Agency (IEA) report shows. Describing the slump as “unparalleled” and “staggering” in both scale and swiftness, the... 

Pandemic-induced slump in global energy investment risks locking in obsolete technologies
IEA executive director Dr Fatih Birol

Reports of CEF acquiring Sasol’s fuel retail network dismissed

By: Terence Creamer     27th May 2020 Chemicals and energy group Sasol has dismissed reports that it plans to sell its fuel retail business as part of an ongoing asset disposal process, while the State-owned Central Energy Fund (CEF) has described as “malicious” reports that it is in talks to acquire Sasol’s petrol stations. Sasol... 

Reports of CEF acquiring Sasol’s fuel retail network dismissed
Photo by Creamer Media's Donna Slater
Sasol CFO Paul Victor

Scopa unsatisfied with pace of DWS investigation

By: Creamer Media Reporter      27th May 2020 The Standing Committee on Public Accounts (Scopa) has expressed its discontent over the slow progress of investigations into unauthorised, irregular, fruitless and wasteful expenditure cases at the Department of Water and Sanitation (DWS) and its water trading entities. While the committee... 

Sithole appointed PIC chief

By: Marleny Arnoldi     27th May 2020 The Ministry of Finance on May 27 announced that Cabinet had approved its recommendation of appointing Abel Moffat Sithole as CEO and nonexecutive director of the Public Investment Corporation (PIC), for a period of five years. Sithole is currently the principal executive officer of the... 

More than one in six youth out of work owing to Covid-19 − ILO

By: Simone Liedtke     27th May 2020 More than one in six young people have stopped working since the onset of the Covid-19 pandemic, while those who remain employed have seen their working hours cut by, on average, 23%, says the International Labour Organisation (ILO). According to a report, titled 'ILO Monitor: Covid-19 and the... 

More than one in six youth out of work owing to Covid-19 − ILO

International and national air transport bodies appeal to South Africa to support its airlines

By: Rebecca Campbell     27th May 2020 The International Air Transport Association (Iata), the Airlines Association of Southern Africa (AASA) and the Board of Airline Representatives of South Africa (Barsa) have jointly appealed to the South African government to provide direct financial relief to the country’s airline sector. This... 

SAA will not be resuming flights just yet, say BRPs

By: Simone Liedtke     27th May 2020 A press statement issued this week, which suggests that South African Airways (SAA) will resume domestic services by mid-June, is “incorrect” and in violation of SAA’s business rescue practitioners’ (BRP’s) communications protocol. The protocol was put in place to ensure that unvetted releases... 

SAA will not be resuming flights just yet, say BRPs

South Africa's central bank says lenders can handle coronavirus crisis 

By: Reuters     27th May 2020 South Africa's central bank said on Wednesday the coronavirus had resulted in far reaching risks to financial stability and banks' profitability would suffer, but lenders were in a good position to weather the storm. The country's banks, some of the largest on the continent including Standard... 

South Africa's central bank says lenders can handle coronavirus crisis
Photo by Reuters
SARB governor Lesetja Kganyago

Denel divisions finalise ventilator projects

By: Donna Slater     27th May 2020 Two divisions within State-owned defence company Denel have reached critical stages in the design and manufacture of medical ventilators needed to assist critically ill patients diagnosed with Covid-19. The projects both fall under Project Sabela, which is being coordinated by Denel, in... 

NWU comes up with creative solution to screen pupils for Covid-19 using cellphones

By: News24Wire      27th May 2020 In the times in which we currently find ourselves, adequate healthcare and accompanying screening are of the utmost importance to limit the spread of the coronavirus. As the Minister of Basic Education, Angie Motshekga, announced that Grade 7 and Grade 12 pupils will be able to return to schools... 

NWU comes up with creative solution to screen pupils for Covid-19 using cellphones

UIF apologises for delay in capturing May claims

By: Simone Liedtke     27th May 2020 The Unemployment Insurance Fund (UIF) has apologised for the break in its network which has affected plans to capture the May Covid-19 Temporary Employer-Employee Relief Scheme (TERS) online applications. The system, which has been undergoing test runs since last week, was scheduled to go live on... 

Datatec posts strong results as Westcon turns around fortunes 

By: Natasha Odendaal     27th May 2020 JSE-listed Datatec on Wednesday May 27 posted strong results for the year ended February 29, as Westcon International returns to profitability and Logicalis Latin America produces an “exceptional performance”. The information and communications technology (ICT) group reported earnings before... 

Arrowhead performs above expectations in tough interim period

By: Tasneem Bulbulia     27th May 2020 Diversified real estate investment trust Arrowhead recorded a solid performance ahead of expectations for the six months ended March 31, despite having to contend with a tough economic environment. Speaking to Engineering News on May 27, Arrowhead CEO Mark Kaplan highlighted some of the... 

Global Business Services sector's prominence offers advantage for South Africa

By: Tasneem Bulbulia     27th May 2020 The South African Global Business Services (GBS) sector is gaining prominence across the global outsourcing landscape for offshore locations, with the country in May named the second-most preferred offshore customer experience location globally, says not-for-profit company BPeSA CEO Andy Searle.... 

Wyzetalk secures Dutch investor to drive European footprint growth

By: Marleny Arnoldi     27th May 2020 Dutch software-focused investment company CNBB Venture Partners has made a multimillion-euro investment in digital employee engagement company Wyzetalk. Wyzetalk connects large organisations with their frontline employees through its software solution to improve communication, increase employee... 

Wind energy market set new installation record in 2019 with 63 GW added

By: Donna Slater     27th May 2020 According to its second edition of its annual 'Supply Side Analysis 2019' report, the Global Wind Energy Council (GWEC) reports that in 2019 a new supply side record, in terms of capacity for the wind energy industry, was set, with 22 893 wind turbines being installed internationally. These wind... 

Iata reports that global airline debt as ballooned as a result of Covid-19 measures

By: Rebecca Campbell     27th May 2020 In its latest briefing regarding the impact of the Covid-19 pandemic (and the near total halt in commercial air passenger traffic to help try and contain it) on the global airline industry, the International Air Transport Association (Iata) has reported that it expected global airline debt to... 

IDC confirms Kalagadi Manganese business rescue application

By: Martin Creamer     27th May 2020 The Industrial Development Corporation (IDC) confirmed on Wednesday that it had initiated business rescue proceedings at Kalagadi Manganese (Pty) Ltd. The application was issued out of the Johannesburg High Court on April 29, in which IDC argued that Kalagadi Manganese urgently required the... 

IDC confirms Kalagadi Manganese business rescue application
Photo by Creamer Media
Kalagadi Manganese mine in the Kalahari Basin.

Mining industry's 5 000 tests detect 320 Covid cases – Minerals Council 

By: Martin Creamer     27th May 2020 Just under 5 000 Covid tests carried out by the South African mining industry have detected 320 Covid positive cases, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during a virtual media conference following the council’s annual general meeting, Baxter said the number... 

Mining industry's 5 000 tests detect 320 Covid cases – Minerals Council
Minerals Council South Africa CEO Roger Baxter

Koch industries completes acquisition of Infor

By: Tasneem Bulbulia     27th May 2020 Wichita-based private company Koch Industries has completed the acquisition of the remaining portion of Infor from San Francisco-based private equity investment firm Golden Gate Capital. Infor, a global company in business cloud software, has been a key component of Koch Industries’ technological... 

Koch industries completes acquisition of Infor
Mark Bannerman

Minerals Council president reflects on urgency of restoring economy 

By: Martin Creamer     27th May 2020 Re-elected Minerals Council South Africa president Mxolisi Mgojo on Wednesday called on all the leaders of the mining industry to commit to continuing to address the Covid-19 health threat with uncompromising vigour and emphasised that the introduction of measures to restructure the economy was... 

Minerals Council president reflects on urgency of restoring economy
Photo by Creamer Media
Minerals Council President Mxolisi Mgojo

South Africa's rand falls as Sino-US friction dents risk appetite

By: Reuters     27th May 2020 South Africa's rand fell early on Wednesday in line with weakness in other emerging market currencies, as increasing Sino-US friction over China's proposed security law for Hong Kong dented risk appetite. At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close. 

South Africa's rand falls as Sino-US friction dents risk appetite

Environmental, social, governance integral to Prieska copper-zinc project 

By: Martin Creamer     27th May 2020 The Prieska copper-zinc mine being developed so spectacularly by Orion Minerals in the Northern Cape has environmental, social and governance principles integrally built into it, Mining Weekly can today report. The updated bankable feasibility study just released not only reduces the capital... 

Environmental, social, governance integral to Prieska copper-zinc project
General layout of the Prieska project

Bid documents for 2 000-MW emergency power being finalised after Nersa concurrence ‘milestone’ 

By: Terence Creamer     26th May 2020 The Department of Mineral Resources and Energy (DMRE) confirmed on Tuesday that the National Energy Regulator of South Africa (Nersa) had concurred with a Ministerial determination submitted to the regulator in February for the procurement of 2 000 MW of emergency electricity from independent... 

Bid documents for 2 000-MW emergency power being finalised after Nersa concurrence ‘milestone’
IPP Office working on scheme to procure 128 MW of additional energy from existing wind and solar farms

SAA getting ready to restart domestic flying

By: Rebecca Campbell     26th May 2020 State-owned national flag carrier South African Airways (SAA) is making preparations for the resumption of domestic air flights, between Johannesburg and Cape Town. It is seeking to be operationally ready for the the restart of this route in the middle of next month, should this be authorised.... 

IT professionals report increased cybersecurity threats related to remote working

By: Schalk Burger     26th May 2020 A survey has found that 71% of information technology (IT) and security professionals have reported an increase in security threats related to remote working, while Interpol and Europol have warned of a huge spike in Covid-19-related fraud, says cybersecurity multinational Check Point Africa... 

WEF provides action plan principles to combat Covid-19 cybersecurity risks

By: Schalk Burger     26th May 2020 The World Economic Forum (WEF) on May 26 launched its 'Cybersecurity Leadership Principles: Lessons learned during the Covid-19 pandemic to prepare for the new normal' report to support business leaders to reinforce the cyber resilience of their organisations. In a matter of weeks, the pandemic... 

Australian-led international astronomy team finds ring-of-fire galaxy in early universe

By: Rebecca Campbell     26th May 2020 An Australian-led international team of astronomers has reported the discovery of an extremely rare type of galaxy, early in the history of the universe. The galaxy, designated R5519, was discovered using spectroscopic data collected by the WM Keck Observatory in Hawaii and images taken by the... 

Australian-led international astronomy team finds ring-of-fire galaxy in early universe
Photo by James Josephides/Swinburne Astronomy Productions
Composite image of galaxy R5519

Development resumes at Kibo’s UK power plant

By: Simone Liedtke     26th May 2020 Subject to certain ongoing Covid-19-related restrictions and safety measures, AB Impianti has resumed engineering, procurement and construction (EPC) operations, which will increase over the coming months, for the 5 MW Bordersley gas-fuelled power generation plant in the UK. Bordersley is a... 

DMRE to fast-track mining rights, capital projects to help save jobs 

By: Marleny Arnoldi     26th May 2020 To help create jobs in what will remain a challenging macroeconomic environment for the foreseeable future, the Department of Mineral Resources and Energy (DMRE) says it will fast-track its capital expenditure (capex) projects planned for the next five years. If an allocated R25-billion can be... 

SANEDI says clean energy could boost country’s Covid-19 economic stimulus plan

By: Tasneem Bulbulia     26th May 2020 Government organisation, the South African National Energy Development Institute (SANEDI) says clean energy principles and technologies should form part of the country’s post Covid-19 economic stimulus plan. This will help to ensure the country stays on target to achieve national environmental... 

Rolls Royce, Daimler to partner in fuel-cell generator alternative for data centres

By: Simone Liedtke     26th May 2020 Rolls-Royce Power Systems business unit and Daimler Truck plan to cooperate on stationary fuel-cell generators as carbon dioxide- (CO2-) neutral emergency power generators for safety-critical facilities such as data centres, and a comprehensive cooperation agreement is to be prepared and signed... 

Rolls Royce, Daimler to partner in fuel-cell generator alternative for data centres

Transnet reports recovery in some units, but still expects big Covid-19 revenue hit 

By: Terence Creamer     26th May 2020 State-owned freight logistics group Transnet reports that there has been a recovery in some of its operations since the easing of lockdown restrictions and is increasing tending towards an “optimistic” recovery scenario for many of its units – a scenario that assumes a ramp-up to full operations... 

Transnet reports recovery in some units, but still expects big Covid-19 revenue hit

SA's economic reopening while Covid-19 numbers rise is unique – Mkhize 

By: African News Agency      26th May 2020 South Africa found itself in the unique position of lifting lockdown restrictions as the national number of Covid-19 infections surged, Health Minister Zweli Mkhize told the National Council of Provinces on Tuesday. Mkhize said the government had no choice to lift confinement measures given the... 

SA's economic reopening while Covid-19 numbers rise is unique – Mkhize
Health Minister Zweli Mkhize

South Africa’s virus fight pits government against scientists

By: Bloomberg     26th May 2020 The scientific community’s support for South Africa’s management of the coronavirus outbreak risks being undermined by the health ministry’s harsh response to criticism from a leading expert. Glenda Gray, president of the South African Medical Research Council and a member of a virus advisory... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

Supplier launches 450 new products

Datatec posts strong results as Westcon turns around fortunes

AfCFTA to be continent’s main post-pandemic ‘stimulus’ lever

On-The-Air (22/05/2020)

Eskom provides update on power system, maintenance and financial balancing act

Eskom committed to ‘aggressive’ end-2021 unbundling timeline

As Eskom rolls out boiler fixes to more Medupi units, it confirms FGD talks with World Bank

AECI provides water infrastructure for Hammanskraal communities

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