https://www.engineeringnews.co.za
R/€ = 16.08 Change: 0.09
R/$ = 14.15 Change: 0.08
Au 1405.33 $/oz Change: -4.29
Pt 816.36 $/oz Change: 9.44
 
Close

Email me free daily news

Email address

Denel rescued by local commercial bank, reports Minister’s spokesperson

By: Rebecca Campbell     Updated 2 hours 50 minutes ago The spokesperson for Public Enterprises Minister Pravin Gordhan, Adrian Lackay, has clarified to “Engineering News Online” that the lender who came to the assistance of beleaguered State-owned defence industrial group Denel, allowing it to pay its staff their full salaries for this month, was “a... 

Denel rescued by local commercial bank, reports Minister’s spokesperson
Photo by Duane Daws/Creamer Media
Two Denel products: the A-Darter air-to-air missile and, behind, the Seeker unmanned aerial vehicle

Former Tongaat official scrutinised in echo of Steinhoff scandal

By: Bloomberg     Updated 28 minutes ago Tongaat Hulett said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended. A criminal case has been opened against the individual, Tongaat said, without... 

Metal fabrication support programme in next 100 days – Patel

By: Martin Creamer     Updated 5 hours ago Within the next 100 days, the Department of Trade, Industry and Competition intends launching a support programme for new plant and equipment in metal fabrication. “We’ll meet investors and stakeholders on the long-term development of foundries and steel mini-mills, including measures to enable... 

Metal fabrication support programme in next 100 days – Patel
Photo by Creamer Media's Dylan Slater
Trade and Industry Minister Ebrahim Patel

Mminele retires as SARB deputy governor

By: Tasneem Bulbulia     Updated 4 hours ago South African Reserve Bank (SARB) deputy governor Daniel Mminele will retire when his second five-year term expires on June 30. Mminele has advised President Cyril Ramaphosa and SARB board of his decision not to serve another term. 

Mminele retires as SARB deputy governor
Photo by Bloomberg
Daniel Mminele

South Africa records FDI inflows of R11.7bn rand in first quarter

By: Reuters     Updated 3 hours ago South Africa's foreign direct investment swung to inflows in the first quarter from outflows in the final quarter of last year as domestic private firms received equity and debt funding from foreign parent companies, the central bank said on Thursday. Foreign direct investment inflows totalled... 

South Africa stuck in longest business-cycle slump since 1945

By: Bloomberg     Updated 3 hours ago South Africa’s economy remains stuck in its longest downward cycle since 1945, adding to the risk that it may fall into its second recession in a year. The economy entered the 67th month of a weakening cycle in June, according to the Reserve Bank’s Quarterly Bulletin released Thursday in the... 

South Africa says Eskom creditors won’t lose out in restructure

By: Bloomberg     Updated 3 hours ago South Africa has laid out a timeline for the restructuring of Eskom Holdings and pledged that creditors of the state-owned power company won’t suffer losses, according to a fund manager who attended a briefing by the head of the country’s Treasury. Treasury Director-General Dondo Mogajane set out... 

Large fuel price drop expected for July says AA

By: News24Wire      Updated 2 hours 49 minutes ago Lower international oil prices have set up a substantial fuel price drop for July, according to the Automobile Association (AA). In a fuel price prediction on Thursday, the association said it is expecting the petrol to drop by 86 cents a litre, diesel by 68 cents, and illuminating paraffin by 58... 

 Large fuel price drop expected for July says AA

Opinion: Why solar is an attractive solution for small firms

Updated 5 hours ago In this article, South African Photovoltaic Industry Association programme manager Niveshen Govender outlines the business case for those small firms weighing an investment in solar photovoltaic (PV) systems. Increased demand and technological advances have attributed to the significant decrease... 

Opinion: Why solar is an attractive solution for small firms

Datsun Go, NP200 cheapest vehicles to service and repair

By: Irma Venter     Updated 2 hours 51 minutes ago The Datsun Go is the cheapest passenger car to service and repair in South Africa, according to the 2019 Automobile Association (AA)-Kinsey Report on vehicle parts, servicing and repair costs, compiled by Malcolm Kinsey. The report does not cover 100% of the market, but does include the more... 

Datsun Go, NP200 cheapest vehicles to service and repair
The Datsun Go

People are dying from pollution in South Africa

By: Bloomberg     Updated 5 hours ago In Pullens Hope, your eyes itch and your nose clogs. It’s easy to figure out why. On the right side of the main street of the dilapidated village east of Johannesburg is a fenced-off electricity substation with a red sign warning of pollutants. On the left, a power plant belches emissions from... 

ATON extends long stop date for M&R mandatory buyout offer

By: Marleny Arnoldi     Updated 3 hours ago German family-owned holding company ATON has again extended the long stop date for completing the mandatory buyout of JSE-listed construction group Murray & Roberts’ (M&R’s) shares, from June 30 to September 30. Owing to pending merger control clearances and competition authority approvals from... 

Fastjet's hope for profit pinned on Zimbabwe currency – CEO

By: Reuters     Updated 2 hours 30 minutes ago Low-cost African airline Fastjet Plc expects to be profitable on an underlying basis in 2019, Chief Executive Officer Nico Bezuidenhout said on Thursday, a year after a cash crunch nearly drove the carrier into administration, The airline, which operates in South Africa, Mozambique and Zimbabwe,... 

Zambia directs State power firm to take cost-cutting measures

By: Reuters     Updated 3 hours ago Zambia's Zesco should freeze staff hiring, merge some of its departments and take other steps to cut costs and make the State power utility more efficient, a government body said. The government said in November it had started implementing measures to transform Zesco, which does not have enough... 

European steel warns of import tsunami if restrictions ease

By: Bloomberg     Updated 5 hours ago Europe’s steel industry faces a “tsunami of problems” if a relaxation of import restrictions goes ahead as planned next week, according to steelmakers including top producer ArcelorMittal. From July 1, steelmakers from outside the European Union will see tariff-free quotas increase by 5%, raising... 

Bridgestone South Africa appoints new CEO

By: Marleny Arnoldi     Updated 32 minutes ago Bridgestone South Africa has appointed Jacques Fourie CEO, effective July 1. He succeeds Gavin Young, who stepped down on June 7.  

Bridgestone South Africa appoints new CEO
Bridgestone CEO Jacques Fourie

Rural man’s innovation translates sign language into audio

By: African News Agency      Updated 1 hour 40 minutes ago Having struggled throughout his childhood to communicate with his deaf parents, Lucky Netshidzati (26) created a hand glove which translates South African sign language into voice, text, and voice-to-sign language animation to improve communication between him and his parents.  Netshidzati’s... 

Africa’s rules of origin

Updated 2 hours 54 minutes ago Creamer Media's Chanel de Bruyn speaks to Creamer Media Senior Deputy Editor Rebecca Campbell about the need for Africa to implement simple and transparent rules of origin and the need to consolidate the various sets of rules of origin on the continent into a single set. 

Africa’s rules of origin

Scientists want to dump hundreds of plastic blocks into the sea to solve litter mystery

By: News24Wire      Updated 3 hours ago We know a staggering volume of plastic waste is ending up in our oceans, but where it all goes is still a bit of a mystery. A ground-breaking new study aims to shed light on the subject, but scientists have hit a stumbling block after concerned citizens launched efforts to stop it from going ahead. 

Transport Minister dreams of bullets trains ... but commuters want Metrorail to work now

By: News24Wire      Updated 3 hours ago To see first-hand what commuters face in the Western Cape, Transport Minister Fikile Mbalula planned to take a train from Khayelitsha to Langa on Tuesday morning. The trip did not go as planned, reports GroundUp. After a long delay and with further delays expected because of two deaths on the... 

Airtel Africa to price London listing at bottom of range – bookrunner

By: Reuters     Updated 3 hours ago Airtel Africa's planned initial public offering (IPO) on the LSE is expected to price at 80p, the bottom end of its indicated price range, one of the bookrunners handling the sale said. Airtel Africa, a unit of India's Bharti Airtel, last week set a price range of 80p to 100p a share for its IPO,... 

Airtel Africa to price London listing at bottom of range – bookrunner

Morocco's Tangier port to become Mediterranean's largest

By: Reuters     Updated 3 hours ago Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean's largest ports Algeciras and Valencia in terms of container capacity, and drive more investment and manufacturing to the country. Tanger Med, the biggest port in Africa with an annual volume... 

Bosch Rexroth hosts first customer day at new location 

Updated 6 hours ago Engineering firm Bosch Rexroth South Africa Group of Companies held its first customer day last month at its new location, named Hytec United By Bosch, or HUBB, in Kempton Park, in Gauteng. Mamaili Mamaila tells us more.  

Bosch Rexroth hosts first customer day at new location

UN agency calls on Africa to give priority to Rules of Origin for products

By: Rebecca Campbell     26th June 2019 The United Nations Conference on Trade and Development (Unctad) released its “Economic Development in Africa Report 2019” on Wednesday, calling for the continent to give serious attention to the issue of Rules of Origin (RoO). RoO are the criteria which establish the nationality of a product, and... 

Education integral to solving manufacturing industry’s skills shortage

By: Simone Liedtke     26th June 2019 Solving the skills challenge in South Africa’s manufacturing industry and working towards its solution will require not only the identification of the skills needed now to meet short-term demand, but also the identification of the skills that will be needed in the future, a panel of speakers,... 

Rand Water planned maintenance wraps with minimal disruption

By: African News Agency      26th June 2019 Johannesburg residents can now breathe a sigh of relief after the 54-hour shut down for maintenance work on the B11 bulk supply line of Rand Water went off with minimum impact on households, the City of Johannesburg said on Tuesday. Member of the Mayoral Committee (MMC) for Environment and... 

Atlas Copco South Africa moving with the 4IR times

By: Marleny Arnoldi     26th June 2019 Amid a global rise in smart factories that form part of the Fourth Industrial Revolution, industrial equipment supplier Atlas Copco South Africa is taking its vision of a smart factory to a higher level. The company calls its concept the “Smart Connected Assembly – Powered by Data” and says it... 

Atlas Copco South Africa moving with the 4IR times
Photo by Creamer Media's Dylan Slater
Atlas Copco compressor

African nations join majority in opposing US blockage at WTO 

By: Reuters     26th June 2019 African countries have joined the list of nations wanting an end to a US veto on judicial appointments at the World Trade Organization (WTO), a statement showed on Wednesday, meaning a large majority of WTO member States now openly oppose the US position. The US is blocking new appointments... 

Kibo acquires 100% of Bordersley power generation project

By: Creamer Media Reporter      26th June 2019 Africa-focused energy company Kibo Energy on Wednesday announced that it had acquired a direct 100% interest in the shovel-ready Bordersley reserve power generation project, in the UK, sending its share prices on the JSE and LSE higher. The Bordersley project will comprise a 5 MW gas-fuelled... 

Ramaphosa places expanded African trade at heart of re-industrialisation effort

By: Terence Creamer     26th June 2019 President Cyril Ramaphosa has reinforced the importance of intra-African trade and investment to government’s unfolding industrialisation strategy, announcing on Wednesday that South Africa will prioritise trade liberalisation across the continent when assuming the role of African Union (AU)... 

Ramaphosa places expanded African trade at heart of re-industrialisation effort
Photo by Reuters
President Cyril Ramaphosa

Union threatens strikes as municipalities, SOEs and provinces battle to pay bills 

By: News24Wire      26th June 2019 Municipal staff and officials at State-owned entities are suffering as a seemingly countrywide delay in paying salaries has hit home. On Wednesday, the South African Municipal Workers' Union threatened strike action if all workers at around 30 municipalities around the country were not paid... 

Union threatens strikes as municipalities, SOEs and provinces battle to pay bills

PPC appoints CEO with global experience

By: Creamer Media Reporter      26th June 2019 Cement producer PPC has appointed Roland van Wijnen to succeed Johan Claassen as CEO of the group. Van Wijnen is a Dutch national, whose listed company experience and exposure to international global best practice is expected to broaden the management practices of PPC. 

PPC appoints CEO with global experience
Roland van Wijnen

Irregular spend at municipalities at R25.2bn, but could climb – AG

By: African News Agency      26th June 2019 Auditor General Kimi Makwetu on Wednesday revealed irregular spending at South Africa's municipalities decreased from R29.7-billion to R25.2-billion, but added the latter figure was likely to climb. Releasing the 2017/18 audit outcomes of municipalities, Makwetu said the irregular spend... 

Irregular spend at municipalities at R25.2bn, but could climb – AG
Auditor General Kimi Makwetu

Exxaro says Eskom woes to hit coal production

By: Reuters     26th June 2019 Exxaro Resources expects its coal production to fall by 5% by volume in the first half of 2019, mainly due to reduced demand from struggling state-owned power utility Eskom, it said on Wednesday. It added it expects domestic coal demand and pricing to remain stable for the remainder of the year,... 

Concerns about not being employed trouble 39% of graduates – PPS Index

By: Thabi Madiba     26th June 2019 Financial services provider PPS has revealed that 39% of students are concerned that they may not be employed immediately after their tertiary education. PPS released its 2018 Student Confidence Index, which revealed that 36% of professionals thought the government should draft conducive policies... 

Concerns about not being employed trouble 39% of graduates – PPS Index

Audit outcomes for South African municipalities continue to decline

By: African News Agency      26th June 2019 The audit outcomes of South Africans municipalities continued to deteriorate with only 18 of them achieving clean audits for 2017/18, Auditor General Kimi Makwetu said on Wednesday. Releasing the municipal audit outcomes in a media briefing, Makwetu said of the 257 municipalities and 21 municipal... 

Audit outcomes for South African municipalities continue to decline
Auditor General Kimi Makwetu

‘Platinum Valley’ SEZ in three months – Patel 

By: Martin Creamer     26th June 2019 The legal entity for the Bojanala Platinum Valley Special Economic Zone (SEZ) in North West, which already has an investment pipeline in place, will be set up in the next three months, Trade and Industry Minister Ebrahim Patel promised on Tuesday evening. Fuel cell development is listed as the... 

‘Platinum Valley’ SEZ in three months – Patel
Photo by Creamer Media's Dylan Slater
Trade and Industry Minister Ebrahim Patel

Nigerian court adjourns tax case between MTN and attorney general

By: Reuters     26th June 2019 A Nigerian judge on Wednesday adjourned until October 29 a case to resolve a $2-billion tax dispute between South African telecoms company MTN Group and Nigeria's attorney general. The attorney general has demanded MTN pay the $2-billion in September. The company has said the tax demand is... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

Reliable Transformers

Bosch Rexroth hosts first customer day at new location

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

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