https://www.engineeringnews.co.za
R/€ = 16.34 Change: -0.05
R/$ = 14.34 Change: -0.01
Au 1408.95 $/oz Change: 24.87
Pt 815.50 $/oz Change: 11.91
 
Close

Email me free daily news

Email address

US official outlines conditions for enticing more US firms to Africa

By: Terence Creamer     21st June 2019 US Assistant Secretary of State for African Affairs Tibor Nagy believes there is a window of opportunity for South Africa to attract direct investment from American firms that are currently seeking outlets for billions of dollars in capital, accumulated as a result of strong economic conditions... 

US official outlines conditions for enticing more US firms to Africa

Perdekraal East Wind Farm turbine foundations completed ahead of schedule

By: Simone Liedtke     Updated 1 hour 53 minutes ago The developers of the Perdekraal East Wind Farm, in the Western Cape, last week completed the project’s 48 wind turbine foundations – three weeks ahead of schedule and still within budget. The first of the foundations was poured in November 2018. 

Perdekraal East Wind Farm turbine foundations completed ahead of schedule

Libstar increases its competitiveness with new par-baked goods offering

By: Simone Liedtke     Updated 1 hour 51 minutes ago Food and beverage producer Libstar Group has further increased its competitiveness by expanding its facilities to meet client requirements by converting a section of the group’s Amaro Foods facility, in Epping, into a par-bake facility.   

Libstar increases its competitiveness with new par-baked goods offering

South Africa, China sign deals that signify ‘deepening economic relationship’

By: Simone Liedtke     Updated 2 hours 5 minutes ago The signing of 93 economic and trade cooperation agreements between South African and Chinese entrepreneurs signifies a deepening of the economic relationship between the respective countries, newly appointed Trade and Industry Minister Ebrahim Patel said in a statement. The statement was issued... 

South Africa, China sign deals that signify ‘deepening economic relationship’
Trade and Industry Minister Ebrahim Patel handing peppadews to Chinese Assistant Minister of Commerce Ren Hongbin and Ambassador Lin Songtian as part of promoting Proudly SA products

Theft, vandalism slow new train rollout at Metrorail 

By: Irma Venter     21st June 2019 While the Gibela factory in Gauteng has started to steadily produce new, made-in-South Africa trains for the Metrorail system in South Africa, it appears it may take some time before these trains all start carrying passengers. The Gibela Rail Transport Consortium is to deliver 600 new trains (3... 

Theft, vandalism slow new train rollout at Metrorail
A new train on the Metrorail system

We need detail, and we need it soon, business says in SoNA response 

By: Terence Creamer     21st June 2019 Business Unity South Africa (Busa) has lamented the absence of “real implementation plans” from President Cyril Ramaphosa’s June State of the Nation Address (SoNA) and has urged him to work with business to table a clear implementation plan, with timeframes and milestones, to address South... 

We need detail, and we need it soon, business says in SoNA response
Photo by Creamer Media's Dylan Slater
Busa president Sipho Pityana

Freezing cold, water cuts and power outages: Gauteng's week of triple challenges

By: African News Agency      Updated 4 hours ago Gauteng residents began the last week of June facing the triple challenges of freezing temperatures, water supply cuts and power outages in various parts of the province. In the south of Gauteng, the province, SA Weather Services warned of extreme cold on Monday, with overnight temperatures... 

Wild weather is endangering world's oldest form of clean power

By: Bloomberg     Updated 4 hours ago The Kariba Dam has towered over one of Africa’s mightiest rivers for 60 years, forming the world’s largest reservoir and providing reliable electricity to Zambia and Zimbabwe. But as drought grips the region, flow on the Zambezi river has dwindled to a third of what it was a year ago. Last month,... 

Etion to report further full-year earnings slippage

By: Natasha Odendaal     Updated 3 hours ago JSE-listed Etion on Monday posted an update to its trading statement, revealing a further slide in its expected headline earnings per share (HEPS) and earnings per share (EPS) for the financial year ended March 31. The group expects HEPS and EPS to slip to a loss of between 50c and 75c apiece,... 

As South African demand stagnates, auto exports set new records 

By: Irma Venter     21st June 2019 Automotive exports from South Africa had a positive 2018, setting a number of new records on the way up. In doing so, the industry managed to compensate for some of the losses seen in the South African new-vehicle sales market last year as the domestic economy continued its uphill battle, says... 

As South African demand stagnates, auto exports set new records

SARB likely to cut rates at next meeting – economist 

By: News24Wire      21st June 2019 The South African Reserve Bank will likely cut the repo rate by about 25 basis points at its Monetary Policy Committee meeting in July and then keep rates flat for a while, Nicky Weimar, senior economist at Nedbank, said on Wednesday. In her view, such a rate cut might lead to some consumer... 

 SARB likely to cut rates at next meeting – economist

Eskom welcomes Trillian judgment, calls on more firms to come forward 

By: News24Wire      21st June 2019 Eskom has welcomed a high court judgement ordering Trillian to pay back the R595-million it earned in an "unlawful and invalid" contract. The Gupta-linked advisory firm was ordered by the High Court in Pretoria on Tuesday to pay back the money after the utility in March 2018 launched a bid to set... 

 Eskom welcomes Trillian judgment, calls on more firms to come forward

CSIR announces new head of its Defence and Security Technology Sector Cluster

By: Rebecca Campbell     21st June 2019 The Council for Scientific and Industrial Research (CSIR) announced on Friday that Sipho Mbhokota had been appointed as the new executive manager of CSIR Defence and Security (previously Defence, Peace, Safety and Security). He has been at the CSIR since 2014, when he was appointed Competency... 

South African drone sector association created

By: Rebecca Campbell     21st June 2019 A representative body for the South African unmanned aerial vehicle (UAV), or drone, sector was launched on Thursday evening at Kyalami, north of Johannesburg. This is the South African Federation of Unmanned Aircraft Systems (UAS – another term for drones), officially abbreviated to Safu.... 

South African drone sector association created

TCTA appoints interim CFO

By: Marleny Arnoldi     21st June 2019 Trans-Caledon Tunnel Authority (TCTA) on Friday announced that its CFO Halima Nazeer had resigned, effective July 1. She has worked for TCTA since 2001 and will now pursue a director-general position of finance, budgeting and accounting at New Development Bank Shanghai.  

EOH strengthens its board

By: Marleny Arnoldi     21st June 2019 JSE-listed information technology services group EOH has appointed Dr Anushka Bogdanov, Andrew Mthembu and Michael Bosman as independent nonexecutive directors, effective immediately. “The skill and experience brought by our incoming directors will go a long way towards enhancing and... 

GVK to pay R6m fine in settlement with competition authorities

By: Simone Liedtke     21st June 2019 The Competition Tribunal has ordered local construction firm GVK Siyazama Building to pay an administrative penalty of just over R6-million after the firm admitted to collusive tendering in three construction projects in the Western Cape. The firm’s admission and its agreement to pay the fine,... 

Johannesburg water shutdown: Contingency measures in place

By: African News Agency      21st June 2019 Environment and Infrastructure Services Department on Friday assured residents that during 54-hour Rand Water maintenance shutdown next week water supplies will be available, but some areas may experience low pressure. The City of Johannesburg said Rand Water, which supplies water to... 

 Johannesburg water shutdown: Contingency measures in place

Standard Bank launches Africa China Agent Proposition in South Africa

By: Tasneem Bulbulia     21st June 2019 Standard Bank on Friday launched its Africa China Agent Proposition (ACAP), which connects African importers and Chinese exporters and facilitates trade financing and payments and collections that support Africa–China trade flow, in South Africa.     

Insimbi to acquire metals trading firm Treppo

By: Tasneem Bulbulia     21st June 2019 JSE-listed Insimbi Industrial Holdings will see ISB acquire Treppo, which is involved in the sourcing, trading and buying of recycled metals – mainly ferrous metals or steel – in the greater Gauteng area. Through this transaction, Insimbi will expand its ferrous business and its client base,... 

PnP joins metal packaging recycling organisation

By: Marleny Arnoldi     21st June 2019 Supermarket group Pick n Pay (PnP) has signed up as a member of MetPac-SA, a producer responsibility organisation representing the metal packaging recycling industry in South Africa. MetPac-SA CEO Kishan Singh this week applauded PnP’s decision to support the local metal packaging industry’s... 

Vodacom to sell some operations in five African markets

By: Reuters     21st June 2019 South African mobile phone operator Vodacom Group said on Friday it had entered into agreements to sell some of its Business Africa operations, which offer business-managed services to enterprises. Vodacom, which is majority-owned by Vodafone Group, said it had agreed to sell the Angolan assets... 

Vasari to invest $100m in African breweries

By: Marleny Arnoldi     21st June 2019 Alcoholic beverage investor Vasari Beverages has completed a $100-million capital raise to fund the expansion of its existing beverage operations in Ethiopia, as well as to pursue new acquisitions and greenfield development opportunities across Africa and Asia. Vasari, majority owned by CEO... 

MAST successfully closes Bordersley flexible power site acquisition

By: Tasneem Bulbulia     21st June 2019 Dual-listed Kibo Energy’s 60%-owned subsidiary, MAST Energy Developments (MED), has completed its acquisition of Bordersley Power, a special purpose vehicle (SPV) that will hold a 5 MW gas-fuelled power generation plant targeting commercial commissioning at the end of the first quarter of 2020.... 

GE wins bid to build $4bn Zambia-Zimbabwe hydropower plant

By: Bloomberg     21st June 2019 Zimbabwe and Zambia chose General Electric (GE) and Power Construction Corporation of China to build a $4-billion hydropower project straddling their border, Zimbabwean President Emmerson Mnangagwa said. The 2 400 MW Batoka Gorge plant has been planned for years by the two southern African... 

French car maker PSA opens $630m Morocco plant

By: Reuters     21st June 2019 French carmaker PSA on Friday opened its €555-million ($630-million) factory in Kenitra's Atlantic Free Zone, near Rabat. PSA will initially produce an annual 100 000 cars in 2020 increasing to 200 000 by 2023, Morocco's Industry Minister Moulay Hafid Elalamy said at an official inauguration... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      21st June 2019 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Engineering News iPhone and Android Apps available for free download

Resgen says final member confirms participation in lending syndicate for Boikarabelo

By: African News Agency      Updated 1 hour 17 minutes ago Energy resources firm Resource Generation (Resgen), which is listed on the ASX and the JSE, on Monday said the third and final member of the proposed lending syndicate for the construction of its Boikarabelo mine in South Africa had confirmed its participation in writing. It said the combined... 

Orion education initiative ‘well received’, says COO

By: Simone Liedtke     21st June 2019 JSE- and ASX-listed Orion Minerals’ introductory mining familiarisation short courses within the Siyathemba municipality, in the Northern Cape, have raised public awareness of the mining industry and the opportunities it offers, the company reports. The five-day short courses have been offered... 

R230bn in Eskom funding confirmed 

21st June 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the confirmation by President Cyril Ramaphosa that Eskom will receive R230-billion in funding from government over a ten-year period. 

R230bn in Eskom funding confirmed

Ramaphosa confirms R230bn support for Eskom to be front-loaded

By: Terence Creamer     20th June 2019 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

Social enterprise here to stay, says Deloitte

By: Marleny Arnoldi     20th June 2019 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... 

Solidarity offers input on how Denel can resolve its financial problems

By: Tasneem Bulbulia     20th June 2019 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     20th June 2019 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     20th June 2019 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

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

By: Reuters     20th June 2019 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... 

Engineers concerned over lack of projects, skills

By: Tasneem Bulbulia     20th June 2019  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,... 

Entries for Africa Netpreneur Prize Initiative to close on June 30

By: Tasneem Bulbulia     20th June 2019 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... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

Siemens Digital Industries

On-The-Air (21/06/2019)

R230bn in Eskom funding confirmed

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

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