https://www.engineeringnews.co.za
R/€ = 20.76 Change: 0.02
R/$ = 17.61 Change: 0.03
Au 2028.34 $/oz Change: -32.57
Pt 972.24 $/oz Change: -0.33
 
Close

Email me free daily news

Email address

DBSA gears up to fill Covid-induced municipal funding gaps 

By: Terence Creamer     7th August 2020 Development Bank of Southern Africa (DBSA), which recently disbursed loans worth R4.5-billion to two Gauteng metropolitan councils to support ongoing infrastructure delivery amid coronavirus-induced liquidity constraints, reports that it is gearing up to support several other municipalities to... 

DBSA gears up to fill Covid-induced municipal funding gaps
Mohan Vivekanandan

Create, own your own driving data through AA Connected Car 

By: Irma Venter     7th August 2020 Ordinary motorists may now have access to the digital details of their driving behaviour and vehicle performance, through the launch of the Automobile Association (AA’s) Connected Car.  “This is a truly fantastic product which will not only give individual drivers, but also fleet managers, access... 

Create, own your own driving data through AA Connected Car
Gert Pretorius (left) and Willem Groenewald

Presidential Commission Report on 4IR to head to Cabinet 

By: Natasha Odendaal     7th August 2020 The Presidential Commission on the Fourth Industrial Revolution (4IR) is set to present to Cabinet after President Cyril Ramaphosa received its landmark report on the recommendations to harness the available 4IR opportunities. The report was presented by Communications and Digital Technologies... 

Municipalities, municipal entities receive two-month extension for audit submissions 

By: Simone Liedtke     7th August 2020 Finance Minister Tito Mboweni has issued a Ministerial exemption of the Municipal Finance Management Act, exempting municipalities and municipal entities from submitting their yearly financial statements and related reports for auditing at the end of August. The exemption allows for a two-month... 

Municipalities, municipal entities receive two-month extension for audit submissions
Finance Minister Tito Mboweni

PIC appoint acting CIO

By: Donna Slater     7th August 2020 State-owned asset management firm the Public Investment Corporation (PIC) has appointed Sholto Dolamo as acting chief investment officer (CIO) with effect from August 6. He is PIC research and projects development executive head and a member of the PIC executive committee.  

Denel seeking extension to period in which it has to pay its staff their arrears

By: Rebecca Campbell     7th August 2020 In a press statement released on Friday, financially-embattled State-owned defence industrial group Denel reported that it was trying to get an extension to the court-ordered deadline for it to pay its workers their full salaries. In a judgment handed down on August 4, the Labour Court had... 

Peaceful use of nuclear tech underscores its value to Africa’s developmental needs

By: Simone Liedtke     7th August 2020 The development and peaceful use of nuclear technology could further underscore its value by helping to meet Africa’s developmental needs, says African Commission on Nuclear Energy (Afcone) executive secretary Messaoud Baaliouamer. He says the safe and peaceful use of nuclear technology has... 

SAFCEI encourages govt to reconsider its nuclear ambitions

By: Donna Slater     7th August 2020 According to the Southern African Faith Communities’ Environment Institute (SAFCEI), the South African government should rather shift its renewed interest in building new nuclear power generation capacity to ethical, equitable and sustainable energy plans. As “South Africa faces another push for... 

Laser beam technology breakthrough could revolutionise optical communications

By: Rebecca Campbell     7th August 2020 Researchers a the University of Central Florida (UCF) in the US have developed a new category of laser beams that could revolutionise optical communications and laser technologies. These new laser beams have properties that are unique and not possessed by standard laser beams.  The new laser... 

South Africa’s women nuclear professionals elect new president

By: Rebecca Campbell     7th August 2020 Local sectoral professional organisation Women in Nuclear South Africa (Winsa) announced on Friday the election of its new president. She is radiation protection professional Tebogo Motlhabane, a scientist with the National Radioactive Waste Disposal Institute (NRWDI). She replaces Nomathemba... 

Coca-Cola changes Sprite packaging to increase recycling

By: Tasneem Bulbulia     7th August 2020 The Coca-Cola Company in South Africa has stopped the production of Sprite’s iconic green packaging to produce fresh, new clear polyethylene terephthalate (PET) plastic bottle packaging. The transition to clear packaging means that more Sprite bottles can be collected, recycled and reused to make... 

SANEDI says cool roofs could combat higher GHG emissions in South Africa

By: Simone Liedtke     7th August 2020 Much progress still needs to be made on the road to a more sustainable world, with South Africa facing hotter and drier summers, and continued high levels of greenhouse-gas (GHG) emissions when compared with the rest of Africa, says South African National Energy Development Institute (SANEDI).... 

SANEDI says cool roofs could combat higher GHG emissions in South Africa
Aerial view of a 'cool roof'.

Interim board for Umgeni water appointed

By: Creamer Media Reporter      7th August 2020 An 11-member interim board has been appointed to stabilise governance at Umgeni Water while Human Settlements, Water and Sanitation Minister Lindiwe Sisulu finalises the process to appoint a fully-fledged permanent board. The interim board comprises chairperson Magasela Mzobe and deputy... 

Tourism Minister publishes amended Risk Adjusted Strategy

By: Sane Dhlamini     7th August 2020 The amended Risk Adjusted Strategy for Tourism Facilities, Services and Products has been announced by Minister of Tourism Mmamoloko Kubayi-Ngubane. Guided tour operators, which includes overland safari vehicle operators, will now be permitted to operate in national parks from August 7, provided... 

Tourism Minister publishes amended Risk Adjusted Strategy
Minister of Tourism Mmamoloko Kubayi-Ngubane

High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption 

By: Martin Creamer     7th August 2020 Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30. Free cash flow before growth capital, the metric on which dividends are calculated, rose 376% - or nearly fivefold - to $324-million... 

High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption
Photo by Creamer Media
AngloGold CFO Christine Ramon (right) is interim CEO, with pre-Dushnisky CEO Srinivasan Venkatakrishnan. Some have speculated on Venkat's possible return.

Deputy President Mabuza blames struggling municipalities for Eskom woes

By: News24Wire      7th August 2020 Deputy President David Mabuza has blamed the failure of municipalities to pay their debt to Eskom for ongoing service delivery issues. In replies to written questions from the National Council of Provinces submitted on 5 August, Mabuza said municipalities experiencing severe electricity... 

Deputy President Mabuza blames struggling municipalities for Eskom woes
Deputy President David Mabuza

Rising data use, e-commerce bodes well for industrial property market

By: Marleny Arnoldi     6th August 2020 Accelerating trends such as e-commerce and data centres are adding resiliency to industry property against the backdrop of the Covid-19 pandemic, says real estate investment trust (Reit) Redefine Properties. While online sales in 2018, at R14-billion, still constituted only a fraction of what... 

Coal will continue to be assessed but should remain in Glencore right now – Glasenberg 

By: Martin Creamer     6th August 2020 Coal will continue to be assessed but should remain in Glencore right now, Glencore CEO Ivan Glasenberg said on Thursday. For the six months to June 30, the London- and Johanneburg-listed diversified mining and marketing company report that its energy business was down 65% at $0.7-billion on... 

Coal will continue to be assessed but should remain in Glencore right now – Glasenberg
Ivan Glasenberg

Minerals Council says new exploration strategy could help mining recover from Covid-19 hit 

By: Terence Creamer     6th August 2020 Minerals Council South Africa is calling for the urgent development of a comprehensive and competitive greenfield exploration strategy, arguing that a far higher level of exploration is required to help stimulate higher levels of mining investment and job creation and to support the country’s... 

Minerals Council says new exploration strategy could help mining recover from Covid-19 hit
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter

African Climate Justice Group calls on govts, institutions to respond to pandemic

By: Tasneem Bulbulia     6th August 2020 The African Climate Justice Group has released a statement calling on African governments and institutions to respond urgently to the climate, health and Covid-19 crises facing the continent. The statement has, to date, been endorsed by more than 300 African and international organisations and... 

Agri SA joins call for alcohol ban to be lifted

By: Tasneem Bulbulia     6th August 2020 Industry organisation Agri SA has noted its concern about the impact of the current alcohol ban on the entire alcohol value chain. It says South African Breweries (SAB) is the only beer producer that procures almost all of its input ingredients locally, and the impact of the ban on the sale of... 

Researchers elucidate key details of Mars’ internal structure using seismic data

By: Rebecca Campbell     6th August 2020 Seismologists from Rice University in Houston in the US state of Texas have for the first time been able to directly measure the boundaries between the different levels that compose the planet Mars – the crust, the mantle and the core – plus a very important transition zone within the mantle.... 

Researchers elucidate key details of Mars’ internal structure using seismic data
Photo by Nasa
Mars

BLSA says foreign investment levels continue to be affected by crime levels

By: Sashnee Moodley     6th August 2020 Foreign investment will be difficult to attract as long as South Africa’s crime levels, particularly violent crime levels, remain high. This was the view of Business Leadership South Africa national project manager Fouche Burgers on Thursday, followings the release of the country’s crime... 

BLSA says foreign investment levels continue to be affected by crime levels

Sanral says it is ready to implement R30bn in projects 

By: Irma Venter     6th August 2020 The South African National Roads Agency Limited (Sanral) says it is ready to implement R30-billion worth of construction projects. Sanral engineering executive Louw Kannemeyer says the road agency has a portfolio of projects that will be implemented during the course of the 2020/21 financial year... 

Sanral says it is ready to implement R30bn in projects

Kibo subsidiary acquires 100% interest in Mast Energy

By: Donna Slater     6th August 2020 Multi-asset, Africa-focused, energy company Kibo Energy, through its 100%-owned UK subsidiary Sloane Developments (Sloane), has acquired 100% interest in Mast Energy Developments (MED). As part of the existing deal with MED, Sloane has acquired from St Anderton on Vaal the remaining 40% interest... 

FTI launches ESG diagnostic tool to expand compliance

By: Donna Slater     6th August 2020 The strategic communications division of NYSE-listed business advisory firm FTI Consulting strengthened its environment social governance (ESG) and sustainability practice with the official launch of the ESG Compass on August 5. ESG Compass is a distinctive diagnostic tool that maps a company’s... 

R15bn in investment eyed for Cape Town Harbour Arch development

By: Simone Liedtke     6th August 2020 Plans are afoot to invest R15-billion into a project to develop the area of the Cape Town foreshore that is currently underused but that is expected to become another major success for the region, similar to the V&A Waterfront. The area will be developed into a desirable mixed-use precinct that... 

R15bn in investment eyed for Cape Town Harbour Arch development
An artist's rendering of the Harbour Arch development, in Cape Town.

Claims continue to pour in for workers contracting Covid-19 at work, says department

By: Simone Liedtke     6th August 2020 As the country races to the peak of the coronavirus pandemic, the Department of Employment and Labour (DEL) continues to offer services that either shield workers from the worst of the effects of the pandemic or, at worst, compensate workers who contract it at work. With regard to compensation, a... 

TBCSA launches app to assist tourism industry navigate Covid-19 protocols

By: Donna Slater     6th August 2020 Through a multistakeholder partnership, hospitality, travel and tourism sector lobby organisation, the Tourism Business Council of South Africa (TBCSA), has launched a tourism and hospitality industry Covid-19 assistance mobile application – the Opus4business App. The app is intended to aid in... 

EIB, Afreximbank direct €300m of support to Africa's Covid-19 response 

By: Donna Slater     6th August 2020 The European Investment Bank (EIB), an arm of the European Union, and multilateral trade finance institution, the African Export-Import Bank (Afreximbank), are directing €300-million of financing to support the resilience and recovery of African nations in response to the Covid-19 pandemic. The... 

Seifsa says high court ruling in favour of the DTIC ‘gives hope’

By: Simone Liedtke     6th August 2020 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the High Court ruling in favour of the Department of Trade, Industry and Competition (DTIC) in a procurement matter, saying that it will boost struggling local businesses amid the pandemic-induced economic... 

Mondi resumes dividends thanks to resilient business model

By: Marleny Arnoldi     6th August 2020 JSE-listed paper and packaging group Mondi has decided to resume dividend payments relating to the 2019 financial year and the six months ended June 30. The company declared a final dividend of €0.29 in 2019.  

World airlines expect next 12 months to be tough

By: Rebecca Campbell     6th August 2020 No less than 68% of the world’s airline Chief Financial Officers and Heads of Cargo expect profits not to improve or even to decline further over the next 12 months. This is one of the results reported in the International Air Transport Association’s (IATA’s) “Airline Business Confidence Index... 

Covid-19 hits Embraer commercial jet deliveries hard in second quarter, group reports

By: Rebecca Campbell     6th August 2020 Embraer, the Brazil-based major aerospace group which is the world’s number one manufacturer of commercial jets with up to 150 seats, has confirmed that it is slowing down the development of its new generation E175-E2 airliner, because of the current poor condition of the global airliner market,... 

Covid-19 hits Embraer commercial jet deliveries hard in second quarter, group reports
Photo by Rebecca Campbell
An Embraer E190-E2 photographed at the Airlink facility at OR Tambo International Airport while on a demonstration tour

MTN to exit Middle East markets, focus on Africa 

By: Natasha Odendaal     6th August 2020 Telecommunications giant MTN is planning to exit its Middle East markets over the medium term as it turns its focus solely to its African markets. The group’s renewed focus on the future of its pan-African strategy forms part of its ongoing portfolio review programme. 

MTN Group president and CEO Rob Shuter discusses MTN’s planned exit from its Middle East markets.

Kingsgate Clothing adds localised isolation gown to PPE line-up 

By: Irma Venter     6th August 2020 The Kingsgate Clothing Group has expanded its personal protective equipment (PPE) production line-up to include isolation gowns, used by hospital personnel. The group already produces cloth masks for the commercial and corporate market. 

Kingsgate Clothing adds localised isolation gown to PPE line-up
The localised isolation gown

Eskom: Former execs 'conspired' to benefit the Gupta brothers

By: News24Wire      6th August 2020 Former Eskom executives conspired with the Gupta brothers and their business associates for six years to syphon funds from the power utility, a summons revealed. The 73-page summons, filed by Eskom with the Special Investigating Unit, with the North Gauteng High Court on Monday seeks to recover... 

 Eskom: Former execs 'conspired' to benefit the Gupta brothers

Transnet signs deal to supply 300 freight rail wagons to Mozambican rail operator

By: Donna Slater     6th August 2020 State-owned rail engineering company Transnet Engineering (TE) and Mozambican State-owned railway operator Caminhos De Ferros De Mocambique (CFM) have signed a rolling stock supply agreement valued at more than R400-million. Under the terms of the agreement, TE will supply 300 freight wagons to... 

Transnet signs deal to supply 300 freight rail wagons to Mozambican rail operator
Representatives from Transnet Engineering and Caminhos De Ferros De Mocambique sign the 300 wagon deal

Latest News  by  

more

Company Article

more

Latest Videos and Audio

On-The-Air (07/08/2020)

MTN to exit Middle East markets, focus on Africa

Eskom, Sasol gear up for energy storage and renewables roll-outs

Mpact ensures business continuity as electricity, Covid-19 challenges persist

PwC says pandemic forces a relook at remuneration policies

On-The-Air (31/07/2020)

AMSA implements large-scale, but ‘flexible’, labour reorganisation as Covid-19 bites

Electricity tariffs to increase

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 Close