https://www.engineeringnews.co.za
R/€ = 15.73 Change: -0.01
R/$ = 14.00 Change: 0.02
Au 1422.20 $/oz Change: 18.34
Pt 849.69 $/oz Change: 11.29
 
Close

Email me free daily news

Email address

Ayanda Myoli appointed as acting Necsa CEO as Robertson departs 

By: Terence Creamer     17th July 2019 The South African Nuclear Energy Corporation has confirmed that Ayanda Myoli has been appointed acting CEO at the troubled State-owned enterprise, following the departure of Don Robertson at the end of June. Mineral Resources and Energy Minister Gwede Mantashe has been informed of Myoli’s... 

Ayanda Myoli appointed as acting Necsa CEO as Robertson departs
Ayanda Myoli

Radical plan to stem Necsa losses proposed and then withdrawn by board 

By: Rebecca Campbell     17th July 2019 The South African Nuclear Energy Corporation suffered cumulative losses of R257.78-million in the 2016/17 and 2017/18 financial years and is expected to announce an even larger loss of R294.27-million for 2018/19, resulting in cumulative losses of R552.05-million for the three-year period. The... 

Radical plan to stem Necsa losses proposed and then withdrawn by board
Photo by Duane Daws/Creamer Media
An aerial view of Necsa’s Pelindaba complex

Ford, now accounting for 1% of GDP, introduces third shift at Silverton plant 

By: Irma Venter     17th July 2019 Ford Motor Company of Southern Africa (FMCSA) is introducing a third shift at its Silverton assembly plant, in Pretoria, to meet growing international and local demand for its new Ranger pick-up, Ranger Raptor performance pick-up and Everest sports-utility vehicle. The additional shift, which... 

Ford, now accounting for 1% of GDP, introduces third shift at Silverton plant
Photo by Creamer Media's Dylan Slater
Ford Middle East and Africa operations VP Ockert Berry

Fixing Eskom will result in higher taxes, electricity prices – economist

By: Irma Venter     17th July 2019 There is little doubt that the taxpayer will be left footing the bill for the problems experienced at power supplier Eskom, and probably so through higher electricity prices and increased taxes. Over the last decade-plus, Eskom has seen generation capacity increase only slightly, with the amount... 

Fixing Eskom will result in higher taxes, electricity prices – economist
Photo by Creamer Media's Dylan Slater
Absa research head and chief economist Jeff Gable

South Africa positioning itself within platinum-rich hydrogen economy

By: Martin Creamer     17th July 2019 Nurturing new forms of economic activity brought about by the green economy was important, President Cyril Ramaphosa’s economic advisor Trudi Makhaya emphasised on Wednesday. Speaking at the fuel cell conference organised by Nedbank CIB Market Research, Makhaya said a point of rupture had been... 

South Africa positioning itself within platinum-rich hydrogen economy
Photo by Creamer Media's Veronica Creamer
Trudi Makhaya

Fuel cell developments poised to transform PGM, manufacturing sectors 

By: Martin Creamer     17th July 2019 Global developments in the fuel cell sector, which have begun to move at a far faster pace that expected after decades of build-up, are poised to transform South Africa’s platinum group metals and manufacturing sectors, a well-attended fuel cell conference heard on Wednesday. Speakers at the... 

Fuel cell developments poised to transform PGM, manufacturing sectors
Photo by Creamer Media's Veronica Creamer
Dr Ferdinand Panik

Defence Minister emphasises resource, capacity challenges

By: Marleny Arnoldi     17th July 2019 The South African National Defence Force (SANDF) has become progressively more unsustainable as the Department of Defence and Military Veterans’ allocated budget has been declining in recent years, Defence Minister Nosiviwe Mapisa-Nqakula said in a media briefing ahead of her Budget Vote, on... 

Defence Minister emphasises resource, capacity challenges
Photo by Creamer Media's Dylan Slater
Defence Minister Nosiviwe Mapisa-Nqakula

Record private equity investment indicative of growth potential

By: Simone Liedtke     17th July 2019 South African private equity recorded a considerable increase in investment activity in 2018, with the value of new investments and follow-on investments having reached a record R35.4-billion, compared with an annual average of R15.2-billion over the preceding decade, the Southern African Venture... 

Record private equity investment indicative of growth potential
Savca CEO Tanya van Lill

Furniture industry pursuing master plan to revive local sector

By: Tasneem Bulbulia     17th July 2019 South Africa’s furniture industry is in a state of distress, but a collaborative approach between industry, labour and government has the potential to promote its development and growth. In this vein, a Furniture Master Plan and Action Plan is being pursued as a joint initiative between... 

Altron reviewing options as City of Tshwane contract is set aside

By: Nadine James     17th July 2019 Allied Electronics Corporation (Altron) is considering its potential next steps after a broadband contract between the City of Tshwane and a special purpose vehicle (SPV) involving its Altron Nexus subsidiary was set aside by a court. The Gauteng High Court, in Pretoria, on Tuesday, approved the... 

AECI realignment projects offer long-term benefits

By: Marleny Arnoldi     17th July 2019 As a result of the strategic realignment projects completed by it in June, JSE-listed explosives and specialty chemicals group AECI expects to report a 22% year-on-year decrease in headline earnings per share (HEPS) for the six months ended June 30. HEPS were likely to be between 357c and 376c... 

CIPC to implement key iXBRL Phase 2 changes by Oct 1

By: Nadine James     17th July 2019 It has been about a year since the Companies and Intellectual Property Commission (CIPC) rolled out an automated mechanism to regulate financial reporting disclosures and compliance, becoming the first regulator to do a full-scale implementation of inLine eXtensible Business Reporting Language... 

New Nelson Mandela collectable coin series unveiled

By: Thabi Madiba     17th July 2019 Paying tribute to the legacy of South Africa’s first democratically elected President and global icon Nelson Mandela, the South African Mint, on Wednesday, unveiled the last edition in the ‘Life of a Legend – Nelson Mandela’ Protea collectable coin series. Since 2013, the coin series has... 

New Nelson Mandela collectable coin series unveiled
The 1 oz R25 gold coin

Talbot & Talbot rebrands as it celebrates thirtieth anniversary

By: Nadine James     17th July 2019 African pioneer in water and wastewater management Talbot & Talbot is “especially proud of reaching its 30 year landmark in 2019” and, in acknowledgment of its legacy, the company has chosen to commemorate by rebranding Talbot & Talbot as simply Talbot. “This evolved corporate identity represents... 

SA university research could lead to glass solar power breakthrough

By: African News Agency      17th July 2019 Academics from South Africa's University of the Free State (UFS), Professor Hendrik Swart and Lucas Erasmus, are doing joint research with Ghent University in Bel­gium towards developing a new type of window glass which would in effect be a transparent solar panel. The researchers have created a... 

Cape Town's MyCiTi N2 Express impasse escalated to national and provincial govt

By: News24Wire      17th July 2019 The City of Cape Town is hoping to meet the national and Western Cape's transport departments in the hopes of getting its suspended MyCiTi N2 Express to Khayelitsha and Mitchells Plain back in service. "We are doing our utmost to get the service back on track," said the city's mayoral committee... 

AFC provides $100m for Ghana oil project

By: Tasneem Bulbulia     17th July 2019 Africa Finance Corporation (AFC) on Tuesday announced that it had financed Aker Energy, a subsidiary of Aker ASA, by investing in $100-million of convertible bond notes. The funds will be used by Aker Energy to finance the development of the Deepwater Tano Cape Three Points (DWTCTP) block, which... 

Zuma denies insisting Gama be appointed Transnet CEO

By: African News Agency      17th July 2019 Former president Jacob Zuma denied vehemently that he pushed for Siyabonga Gama to be appointed Transnet CEO in 2009 over Sipho Maseko who was recommended by the Transnet board. Barbara Hogan, a former minister of public enterprises, told the state capture commission of inquiry last year that she... 

Zuma denies insisting Gama be appointed Transnet CEO
Photo by Creamer Media
Siyabonga Gama

Economists expect Reserve Bank to cut repo rate by 25 basis points

By: African News Agency      17th July 2019 Economists on Wednesday said that they expect the South African Reserve Bank (SARB) to cut the repurchase rate (repo rate) by 25 basis points in a bid to stimulate economic growth. The central bank had forecast in May that South Africa's growth would reach one percent in 2019. The reduction in... 

Economists expect Reserve Bank to cut repo rate by 25 basis points

SOEs in need of expert staff – Gordhan 

By: African News Agency      17th July 2019 South Africa's State-owned enterprises need technical experts to make up three-quarters of their staff, whereas at the moment up to half were administrative support staff, Public Enterprises Minister Pravin Gordhan said on Wednesday. "Three quarters of staff should be experts in each sector we... 

 SOEs in need of expert staff – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Corruption busters still cash-strapped, but DOJ in talks with Treasury about private funding

By: News24Wire      17th July 2019 While fighting corruption and fraud remains a part of the Department of Justice's "core mandate", Justice and Correctional Services Minister Ronald Lamola conceded that key corruption-fighting institution the National Prosecuting Authority (NPA) "is really financially constrained". However, the... 

South African interest rates may fall, and not due to politics

By: Bloomberg     17th July 2019 Should Lesetja Kganyago announce a cut in South African interest rates this week, as expected, it won’t be because the nation’s politicians want him to. The biggest economic contraction in a decade has led to renewed calls from labour unions and some officials in the ruling party for an expansion... 

Feeding 10bn people will require genetically modified food

By: Bloomberg     17th July 2019 Like it or not, genetic modification is going to be an important tool to feed the planet’s growing population. If we want to feed ten-billion people by 2050, in a world beset by rising temperatures and scarcer water supplies, we will need to dramatically change the way we produce food. Increased... 

Responsible remuneration gaining traction, but more work needed – PwC

By: Tasneem Bulbulia     16th July 2019 The concept of fair and responsible remuneration is gaining traction in South Africa, with companies beginning to embrace this, but more needs to be done to turn this into a reality, including raising awareness nationally, says professional services firm PwC. Evidence of this acceptance is found... 

Municipal managers to be hauled before Parliament to explain repeat adverse audits

By: African News Agency      16th July 2019 Parliament's watchdog on public accounts on Tuesday resolved to haul the accounting officers of municipalities who repeatedly have adverse audit findings made against them before MPs to account for financial mismanagement, corruption and other malfeasance.  

Municipal managers to be hauled before Parliament to explain repeat adverse audits

Numsa meeting with auto employers for second round of wage talks

By: African News Agency      16th July 2019 The National Union of Metalworkers of South Africa (Numsa) said on Tuesday that they were preparing to meet with auto employers for the second round of wage talks after an agreement couldn't be met at their previous meeting. "The wage agreement in the sector has lapsed and we need to negotiate... 

AfDB debars construction company for fraudulent practices

By: Nadine James     16th July 2019 The African Development Bank (AfDB) on Tuesday announced the debarment of Nigeria-based construction company Lutoyilex Construct and its MD Bamidele Obiniyi – also known as Bamidele Abayomi – for a period of 36 months. An investigation by the bank’s Office of Integrity and Anti-Corruption found... 

Sisulu promises traction in water sector 

By: Natasha Odendaal     16th July 2019 The Department Water and Sanitation is taking stock as it determines the required solutions for a sector fraught with major inequalities and unequal distribution, and an “inability to uphold the right of every South African to access water”. “South Africa’s water story is not a good one,” Human... 

Sisulu promises traction in water sector
Human Settlements, Water and Sanitation Minister Lindiwe Sisulu

Fedusa, Untu to shut down commuter train services nationwide on July 26

By: Nadine James     16th July 2019 The Federation of Unions of South Africa (Fedusa) and its commuter rail transport affiliate, the United National Transport Union (Untu), plan to shut down Metrorail’s commuter train operations across the country on July 26. Fedusa says the shutdown is part of a national day of protest against... 

BBC welcomes financial support for Black Industrialists Programme

By: Nadine James     16th July 2019 The Black Business Council (BBC) has welcomed the announcement that R40-billion in financial support will be made available for the Black Industrialists Programme over five years. “To enhance the growth of black industrialists, we will combine the efforts of the Department of Trade, Industry and... 

Nigeria's State oil firm awards oil-for-fuel swap deals – sources

By: Reuters     16th July 2019 Nigerian State oil firm NNPC issued award letters on Monday for highly sought-after contracts to exchange crude oil for imported fuel, oil industry sources told Reuters. A total of 15 groupings, with at least 34 companies in total, received award letters, four sources with knowledge of the deals... 

Didiza calls for conversation with land owners

By: African News Agency      16th July 2019 Agriculture, Land Reform and Rural Development Minister Thoko Didiza on Tuesday called for dialogue with land owners as the department seeks to change historically skewed ownership demographics. Didiza said the department planned to "revitalise" land that was transferred through the state's... 

Didiza calls for conversation with land owners
Agriculture, Land Reform & Rural Development Thoko Didiza

Cartrack surpasses one-million subscriber mark

By: Nadine James     16th July 2019 JSE-listed Cartrack has passed the one-million subscriber mark, as a result of its rapid expansion beyond Southern Africa into Europe and Asia-Pacific. In a statement on Tuesday, Cartrack Global CEO Zak Calisto confirmed that there were few global competitors of its size and even fewer which were... 

EOH says bribery, corruption limited to a few individuals, subsidiaries 

By: Schalk Burger     16th July 2019 JSE-listed information technology services company EOH on Tuesday revealed the preliminary findings of a forensic investigation conducted by legal firm ENSafrica into suspected bribery and corruption at the R18-billion-a-year-turnover company. EOH CEO Stephen van Coller said the scale of the... 

EOH says bribery, corruption limited to a few individuals, subsidiaries
EOH CEO Stephen van Coller

‘Monetisation’ of risks will be key to transitioning from climate awareness to resilience

By: Terence Creamer     16th July 2019 The City of Cape Town’s ‘Day Zero’ water crisis of 2018, as well as the deadly Cyclone Idai, which ravaged parts of Mozambique and Malawi in March, has increased awareness about the need to begin investing in climate-resilient infrastructure. To transition from awareness to implementation,... 

‘Monetisation’ of risks will be key to transitioning from climate awareness to resilience
Mott MacDonald global head of climate resilience services Ian Allison

GEPF looks to invest more offshore

By: Bloomberg     16th July 2019 South Africa’s Government Employees Pension Fund (GEPF) is planning to invest more of its R2-trillion under management outside the country and in unlisted assets to reduce risk of overexposure to locally traded companies. The strategy was outlined by GEPF Principal Executive Officer Abel Sithole... 

Tongaat CEO seeking to freeze payments on R11bn of debt 

By: Bloomberg     16th July 2019 Tongaat Hulett is asking ten lenders for a break from payments on as much as R11-billion of debt so it can recover from the impact of having to restate accounts, according to CEO Gavin Hudson. The embattled South African sugar maker is spending about R1-billion a year servicing the borrowings and... 

Nestle finds new way to make chocolate without adding sugar

By: Bloomberg     16th July 2019 Nestle has found a way to create chocolate without adding any sugar, relying on leftover material from cocoa plants for sweetening as consumers look for natural and healthier fare. The food company is using a patented technique to turn the white pulp that covers cocoa beans into a powder that... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

On-The-Air (12/07/2019)

Edcon supports revitalisation of clothing and textile industry

4IR summit

New Alrode fuel depot to guarantee security of supply, efficient service

On-The-Air (05/07/2019)

Stringent standards raising bar on emission reduction tech

AfriSam details carbon tax responses and showcases potential solutions

SA invests in its passenger rail services

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