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Power sector’s gas demand ‘insufficient’ to act as anchor in South Africa 

By: Terence Creamer     Updated 5 hours ago There is insufficient demand for gas in the power sector to “anchor” demand for the fuel in the broader South African energy sector, as gas will have only a limited peaking support role in a system transitioning from coal to renewables, analysis by Meridian Economics shows. Presented by... 

LNG storage
LNG storage

‘Worst first’ road repair strategy no solution amid rapid deterioration 

By: Irma Venter     27th May 2022 A lack of preventive maintenance is by far the biggest contributor to the deterioration of the South African road network, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. “It is purely because the infrastructure is not being maintained. And,... 

Magazine Cover Image

More arrests expected in corruption case against Gama and other ex-Transnet officials  

By: News24Wire      Updated 3 hours ago Former Transnet CEO, Siyabonga Gama, who is among the five people accused of R93-million fraud and corruption in a case relating to the procurement of 1 064 locomotives by the State-owned freight rail company, was released on R50 000 bail following his arrest on Friday. Gama is facing charges... 

Former Transnet CEO Siyabonga Gama
Photo by Creamer Media
Former Transnet CEO Siyabonga Gama

Mahindra SA records 37% sales growth in 2022 financial year

By: Irma Venter     Updated 7 hours ago Mahindra South Africa (SA) says it has sold 3 306 vehicles in the first quarter of the year, breaking through the 1 000-unit-a-month barrier for three consecutive months and setting an overall sales record for its financial year ending March 31. Mahindra wrapped up its financial year with total... 

Image of Mahindra South Africa CEO Rajesh Gupta
Rajesh Gupta

Study highlights potential export markets for South African, SADC products

By: Schalk Burger     Updated 6 hours ago A study, undertaken as part of the European Union (EU) and Southern African Customs Union (SACU) Economic Partnership Agreement (EPA) on trade in goods, has highlighted specific opportunities for various industries to grow and/or diversify their exports and, in the process, help to offset some... 

South African terms of trade boon provides unique opportunity for the economy

By: Darren Parker     Updated 7 hours ago South Africa is currently enjoying a terms of trade boon, with export prices outpacing import prices, market research firm Intellidex director and capital markets research head Peter Attard Montalto said on May 25. “It’s an unusual situation, driven by metals prices and helped by the fact that... 

Truck and fruit
South Africa is currently a net exporter of food

Clough, Saipem JV awarded $2.7bn urea plant contract in Australia

By: Donna Slater     Updated 7 hours ago A 50:50 joint venture (JV) between construction company Clough and technological and engineering firm Saipem has been awarded the engineering, procurement and construction contract for Perdaman Industries’ $2.7-billion urea plant in Western Australia. Clough is a wholly-owned subsidiary of... 

Transnet welcomes sentence for diesel theft, tampering with essential infrastructure

By: Schalk Burger     Updated 6 hours ago State-owned logistics and freight agency Transnet has welcomed the 20-year sentence handed down by the Harrismith Regional Court for a 42-year-old man found guilty of tampering with essential infrastructure and stealing diesel. He was arrested for stealing diesel from Transnet’s Multiproduct... 

Forum says OR Tambo jet fuel shortage to be largely resolved by month-end

By: Schalk Burger     Updated 2 hours 15 minutes ago The Jet Fuel Forum (JFF) has said the jet fuel shortage at OR Tambo International Airport should largely be resolved by the end of the month, as additional fuel will be made available to airlines whose suppliers are currently unable to fulfil their contractual obligations. On May 24, the JFF said... 

Investors should focus on climate opportunities instead of risks

By: Darren Parker     Updated 2 hours 44 minutes ago There is significant tension not so much between the need for economic development and the need for climate action, but rather between the losses expected to be incurred as a result of climate inaction and the immense opportunities for growth that result from taking action, World Wide Fund for... 

Nelson Mandela Bay needs new approach amid water crisis

By: Natasha Odendaal     Updated 7 hours ago With the Nelson Mandela Bay municipality (NMBM) experiencing a severe drought that could leave it without water by the end of June, a new approach is required to ensure water security, a webinar has heard. The Mandela Bay Development Agency (MBDA), in collaboration with the Water Research... 

Maintenance to leave some municipalities in Gauteng, North West without water for June 3 and 4

By: Schalk Burger     Updated 2 hours 28 minutes ago Water utility Rand Water will conduct maintenance at the Vereeniging Water Treatment Plant, and power utility City Power will do maintenance of the electrical systems that feed Rand Water’s Eikenhof pump station from June 3 to 4. This will leave Johannesburg, Merafong, Randwest, Mogale City and... 

KZN taxi owners empowered to become bus drivers

By: Yvonne Silaule     Updated 1 hour 57 minutes ago KwaZulu-Natal taxi owners are now eligible to be bus owners following the signing, this week, of a memorandum of understanding (MoU) between the KwaZulu-Natal Department of Transport and the Ithala Development Finance Corporation (IDFC) under the Department of Economic Development, Tourism and... 

Brikor posts nets loss as bricks revenue rises but coal revenue falls

By: Schalk Burger     Updated 2 hours 20 minutes ago JSE-listed bricks manufacturer and coal supplier Brikor, for the financial year ended February 28, reported the highest revenue in five years in its bricks segment, at R195.1-million. That represents a 34.6% year-on-year increase in revenue for the bricks segment. 

Nasa reports successful landing of new Boeing space capsule after second test flight

By: Rebecca Campbell     Updated 6 hours ago The Boeing CST-100 Starliner space capsule successfully landed in the western US, early Thursday morning (00h49) South African time. This marked the end of the Starliner’s second uncrewed orbital flight test (OFT-2) mission, and the first such mission to be fully executed as planned. The capsule... 

The Starliner touches down at the White Sands Missile Range in the US State of New Mexico
Photo by Nasa
The Starliner touches down at the White Sands Missile Range in the US State of New Mexico

Engineering centre for research into future air mobility launched in Brazil

By: Rebecca Campbell     Updated 3 hours ago Brazil-based major international aerospace group Embraer has announced that it is partnering with two other Brazilian institutions to create an Engineering Research Centre (ERC) into the future of air mobility. The other two bodies are the Federal Government’s Aeronautical Technology Institute... 

Unlocking the 100 MW reform projects  

By: Creamer Media Reporter      27th May 2022 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the progress being made to advance the 100 MW reform and the efforts to simplify the registration process for these projects. 

Unlocking the 100 MW reform projects

Weekend load-shedding to stay on Stage 2 for now, says Eskom

By: News24Wire      Updated 5 hours ago Load-shedding will remain on Stage 2 during evening peak hours over the weekend, Eskom confirmed on Friday morning.  Spokesperson Sikonathi Mantshantsha said any changes would be announced in due course, but at the time of publication, "nothing [had] changed with the current guidance". Last week,... 

Electricity Pylons

Commission says Computicket agrees to pay R11.3m fine

By: Schalk Burger     Updated 6 hours ago The Competition Commission and ticketing services company Computicket have reached a settlement agreement in terms of which Computicket has agreed to pay a fine of R11.3-million to settle a second prosecution against it by the commission for alleged abuse of market dominance. The settlement... 

Low oil output barely enough to cover petrol imports – Nigeria FinMin

By: Reuters     Updated 7 hours ago Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenues, Finance Minister Zainab Ahmed told Reuters on Thursday. Ahmed added in an interview at the World Economic Forum in Davos that she hoped Nigerian oil production would average... 

Former Transnet CEO Siyabonga Gama arrested

By: News24Wire      27th May 2022 Five former Transnet officials have been arrested by the Hawks and the National Prosecuting Authority's Investigating Directorate on Friday morning on charges of fraud, corruption and money laundering. News24 has established that two of the five include former Transnet CEO Siyabonga Gama and Eric... 

Former Transnet CEO Siyabonga Gama
Photo by Creamer Media
Former Transnet CEO Siyabonga Gama

Magazine round up | 27 May 2022 

27th May 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 27 May 2022

Energy sector expects increase in cyberattacks, research shows

By: Schalk Burger     26th May 2022 New research published by risk management and quality assurance company DNV shows that energy executives anticipate life, property and environment-compromising cyberattacks on the sector within the next two years. The ‘Cyber Priority’ report finds that 85% of professionals working in the power,... 

Wasaa to upgrade newly acquired East London Terminal capacity

By: Schalk Burger     26th May 2022 Local black women-owned and managed petrochemicals company Wasaa has completed the acquisition and handover of the East London liquid fuel import terminal from energy multinational BP Southern Africa (BPSA). The company's subsidiary Wasaa Terminals will upgrade and increase capacity of the... 

Attacq appoints leaders to bolster broader corporate strategy

By: Donna Slater     26th May 2022 JSE-listed real estate investment trust Attacq has appointed David Oosthuizen development executive and Lourens Du Toit sustainability, infrastructure and land head – both as a result of internal promotions, which the company says is an indication of the strength of the talent pipeline it has... 

Ukraine conflict squeezes South Africa's citrus exports to Russia

By: Reuters     26th May 2022  The conflict in Ukraine has throttled South Africa's citrus exports to Russia and driven input costs higher, further squeezing fruit producers already suffering from spiralling shipping costs, an industry body said. The war, which started on February 24, blocked South Africa's citrus shipments... 

NUM frustrated at exclusion from Mpumalanga energy summit

By: Yvonne Silaule     26th May 2022 The National Union of Mineworkers (NUM) has expressed its frustration at not having been invited to participate in a two-day energy summit held in eMalahleni, Mpumalanga, earlier this week. The union says the Mpumalanga government had undermined it as a key stakeholder in the just energy... 

South Africa must reform its regulatory environment, make itself investor-friendly – simple  

By: Martin Creamer     26th May 2022 South Africa must reform its regulatory environment and make itself investor-friendly – simple. That is the straight-forward view of Dr Mathews Phosa, who was speaking to Mining Weekly in his capacity as the non-executive vice-chairperson of the high-flying Jubilee Metals Group plc, a London Aim-... 

Jubilee's Dr Mathews Phosa interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

EV sales surging, but future growth needs battery, minerals diversification – IEA 

By: Irma Venter     26th May 2022 Despite electric car sales remaining strong this year, future growth will demand greater efforts to diversify battery manufacturing and critical mineral supply to reduce the risk of bottlenecks and price increases, says the International Energy Agency (IEA).  Sales of electric cars (including... 

Image of a Jaguar I-Pace charging

Treasury fills two top positions that were vacant for years

By: News24Wire      26th May 2022 Two top positions in the National Treasury, which have been vacant for several years, are to be filled, Cabinet announced on Thursday.  Minister in the Presidency Mondli Gungubele said Cabinet had approved the appointment of Shabeer Hamid Khan as Accountant General and Mendoe Ntswahlana as Chief... 

Top ranked CSIR materials scientist Ray praises research centre team

By: Schalk Burger     26th May 2022 The Council for Scientific and Industrial Research (CSIR) Centre for Nanostructures and Advanced Materials chief researcher and manager Professor Suprakas Sinha Ray has praised the team at the research centre and said the recognition by peer scientists worldwide means they are making an impact in... 

CSIR Centre for Nanostructures and Advanced Materials chief researcher and manager Professor Suprakas Sinha Ray
CSIR Centre for Nanostructures and Advanced Materials chief researcher and manager Professor Suprakas Sinha Ray

Govt mulls extending fuel levy intervention as major fuel hikes loom – Gungubele  

By: News24Wire      26th May 2022 Government is still deliberating whether to continue with its fuel price relief intervention introduced in March, as the latest data from the Central Energy Fund shows a marked increase expected for June. With the hopes that global energy prices would stabilise by the end of May, government... 

Petrol Pump

Airbus launches a fifth zero carbon flight research centre, in its fourth home country, the UK

By: Rebecca Campbell     26th May 2022 Europe-based global major aerospace group Airbus has announced that it has set up a Zero Emission Development Centre (ZEDC) in the UK. The ZEDC, which is located at Filton, near Bristol, in England, has already started work. Filton is also the home of one of the company’s main airliner wing... 

Stefanutti sees some green shoots amid persistent challenging trading environment

By: Marleny Arnoldi     26th May 2022 Construction group Stefanutti Stocks has posted an operating loss of R99-million for the financial year ended February 28, a widening of the restated R55-million operating loss from the year ended February 28, 2021. CEO Russel Crawford explains that the group delivered an improved performance... 

SA poultry producers missing out on export market with lax livestock health standards

By: Donna Slater     26th May 2022 The South African poultry industry is “missing a massive opportunity” to export products as a result of it not meeting the health and safety standards required by trade blocs such as the European Union (EU), says the South African Association of Meat Importers and Exporters (AMIE). A robust and... 

Barloworld to buy back 10% of its shares

By: Darren Parker     26th May 2022 JSE-listed industrial brand management company Barloworld has announced that it will buy back up to 10% of its issued ordinary share capital through a repurchase programme. The board said on May 26 that it was responsible for capital allocation and continuously monitored opportunities to enhance... 

Saben boosts TVET college connectivity

By: Natasha Odendaal     26th May 2022 South African Broadband Education Networks (Saben) has increased bandwidth for Technical and Vocational Education and Training (TVET) colleges from 10 Mb/s up to 200 Mb/s using FortiGate devices from NEC XON. Saben has connected and upgraded 256 of a targeted 283 TVET college campuses from 48... 

Nampak reports satisfactory but challenging interim period  

By: Tasneem Bulbulia     26th May 2022 JSE-listed Nampak has announced improved trading conditions for the six months ended March 31, in what it says was a challenging period. The period was characterised by robust trading conditions in key markets and Nampak’s Metals businesses were the main contributors to revenue and trading profit... 

Nampak CEO Erik Smuts outlines the company’s progress in implementing its focus areas during the interim period.

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