Engineering News | Real-Economy News

https://www.engineeringnews.co.za

Close

Email me free daily news

AMSA confirms death of three employees after Vanderbijlpark Works stack collapse

By: Tasneem Bulbulia Updated 24 minutes ago Steel company ArcelorMittal South Africa (AMSA) has confirmed that the bodies of three missing employees have been recovered, with all three having succumbed to injuries sustained in an incident at the company’s Vanderbijlpark Works on the morning of February 17. The incident entailed a portion... →

Photo by Creamer Media
Vanderbijlpark Works

DMRE says emergency-power deviation notice will not trigger legal challenge

Updated 57 minutes ago On February 12, Trade, Industry and Competition Minister Ebrahim Patel published a Gazette notice granting the Department of Mineral Resources and Energy (DMRE) permission to deviate from the relevant Broad-Based Black Economic Empowerment code of good practice for the Risk Mitigation Independent... →

Eskom's 'deplorable' R840m Kusile housing blunder could go to local community

By: News24Wire Updated 1 hour 18 minutes ago Eskom is considering handing over its R840 million white elephant of a block of flats near Witbank to local community members - after cost overruns described by its CEO André de Ruyter as "deplorable". The Wilge Residential Development Project was meant to house contractors and artisans working... →

Environmental affairs dept investigating elevated levels of sulphur in Gauteng, Mpumalanga

By: News24Wire Updated 1 hour 43 minutes ago The Department of Environment, Forestry and Fisheries will on Thursday visit the Sasol plant in Secunda which is suspected to be behind a sulphuric smell that is enveloping parts of Gauteng and Mpumalanga since the weekend. "While there are many sources in the area that could be contributing to... →

SAHRC recommends Emfuleni municipality be placed under administration amid ongoing Vaal river pollution

By: Schalk Burger 17th February 2021 The South African Human Rights Commission warns that the Vaal river, "Gauteng's most vital water resource", may have been irreparably damaged and recommends that the Emfuleni municipality be placed under administration and that public servants, municipal administrators and staff who failed to... →

SAA Technical workers still in dark about their future, as they receive partial salaries

By: News24Wire Updated 1 hour 27 minutes ago While the Department of Public Enterprises (DPE) keenly awaits the completion of the implementation of the business rescue plan of South African Airways (SAA), employees of its subsidiary, SAA Technical (SAAT) are still in the dark about their future, it seems. Unlike SAA, its subsidiaries are... →

Crime and (no) punishment: Why Africa's ports are vulnerable to counterfeit Covid vaccines

By: News24Wire Updated 1 hour 23 minutes ago Black-green tears of moss streak the facades of once-white buildings. The city is a maze of narrow streets, some cobbled with sea-stones, calcified by the centuries that have passed since they were laid. The air, always humid, is aromatic with sweet spices and fish, salt-washed from the nearby... →

Three employees missing after incident at AMSA's Vanderbijlpark Works

By: Marleny Arnoldi 17th February 2021 Primary steel producer ArcelorMittal South Africa (AMSA) on February 17 reported that there had been an incident at its Vanderbijlpark Works facility, which resulted in three employees going missing. The company explained that a portion of a 90 m stack at one of the operation’s coke batteries... →

EIUG says tariff hike will curtail economic recovery efforts

By: Marleny Arnoldi 17th February 2021 The Energy Intensive Users Group of Southern Africa (EIUG) has noted "with disappointment" the Eskom price increase announced on February 16. The National Energy Regulator of South Africa (Nersa) has agreed to the State-owned power utility increasing its tariff by 15.6% for the 2021/22... →

AfriForum, Solidarity to pursue legal options over Tourism Equity Fund

By: Marleny Arnoldi 17th February 2021 Trade union Solidarity and civil rights group AfriForum have announced that they will proceed with litigation against the Tourism Equity Fund (TEF) after having unfruitful talks with the Ministry. Tourism Minister Mmamoloko Kubayi-Ngubane suspended the TEF’s activities on February 5 until... →

Tourism Minister Mmamoloko Kubayi-Ngubane

Second Covid-19 wave and stricter lockdown impact on trade conditions

By: Donna Slater 17th February 2021 The second wave of Covid-19 infections and the return to a more stringent lockdown in December 2020 caused a setback in trade conditions during the holiday period, which spilled over into January, the South African Chamber of Commerce and Industry’s (Sacci's) Trade Activity Index (TAI) shows.... →

Budget to focus on tax enforcement, improved collections, and wealth tax unlikely, says EY

By: Tasneem Bulbulia 17th February 2021 South Africa’s budget, which is to be presented in parliament on February 24, is unlikely to result in the introduction of a wealth tax or any other significant tax increases. Rather, it is more likely that the National Treasury will take steps to ensure tax enforcement and collection, says... →

Greenpeace calls on Creecy to revise weakening minimum emission standards

By: Simone Liedtke 17th February 2021 Nongovernmental organisation Greenpeace Africa has called on Environment, Forestry and Fisheries Minister Barbara Creecy to revise the weakening of the minimum emission standards (MES) to avoid further air pollution. The organisation has also requested the Department of Environment, Forestry and... →

TPI warns that most large firms have not gone clean enough to meet Paris agreement

By: Marleny Arnoldi 17th February 2021 The Transition Pathway Initiative (TPI) has warned that 86%, or 95 out of 111, of global publicly listed firms surveyed in heavy industries have failed to prepare for the “transition decade”. Research done by the initiative points to an $856-billion climate risk, which is the combined market cap... →

‘Solid’ results bolster Emira's financials

By: Simone Liedtke 17th February 2021 Diversified real estate investment trust (Reit) Emira’s headline earnings a share decreased by 6.1% to 80.12c for the six months ended December 31, 2020. Earnings a share decreased by 100.6% to 0.46c for the period. →

Blue Label to report increase in half-year earnings

By: Creamer Media Reporter 17th February 2021 JSE-listed Blue Label Telecoms expects a more than 20% increase in earnings for the six months ended November 30. The group’s basic earnings a share are set to increase 41% to 45% year-on-year to a range between 49.23c and 50.62c apiece for the first six months of the year. →

Sappi starts work on developing furfural pilot plant

By: Marleny Arnoldi 17th February 2021 JSE-listed paper and packaging manufacturer Sappi says it has made progress in the development of its biorefinery capacity. The company confirmed in a release on February 17 that it will build a pilot plant using technology developed in-house to prove the feasibility of a future commercial... →

Airlink announces suspension for flights to Nosy Be

By: Rebecca Campbell 17th February 2021 South African private-sector regional airline Airlink has announced that it has had to further suspend its route between Johannesburg in South Africa and Nosy Be in Madagascar. The new suspension will be in force until June 27 this year. Nosy Be is a destination which has been growing in... →

Food & Trees for Africa, Promethium introducing new carbon standard

By: Tasneem Bulbulia 17th February 2021 Development organisation Food & Trees for Africa and carbon and climate change adviser Promethium Carbon on February 17 introduced the new Inclusive Carbon Standard that they are developing. Food & Trees for Africa executive director Chris Wild explained that the new carbon standard idea came... →

Paratus, Telecom Namibia to land Equiano cable

By: Natasha Odendaal 17th February 2021 Pan African network operator Paratus and broadband solutions and backbone infrastructure provider Telecom Namibia have signed an agreement to land the subsea cable, Equiano, in Namibia. Google’s subsea cable project, announced in 2019, will connect Africa with Europe, running along the west coast... →

Volatility continues to impact Africa’s capital markets activity

By: Marleny Arnoldi 17th February 2021 African equity capital market (ECM) activity had been the lowest in the last decade in 2020, recording a significant decline in both volume and value, PwC notes in its latest edition of the 'Africa Capital Markets Watch' publication. African ECM recorded a value decline of 2% and a volume decline... →

Construction on Inga 3 hydropower project could start by year end, ambassador says

By: News24Wire 17th February 2021 Democratic Republic of Congo's ambassador to Ethiopia and the African Union, Jean Le'on Ngandu Ilunga has hinted that construction on the Inga 3 hydro-power project could start by the end of the year. "We believe in the coming month we will see concrete steps towards implementation. Towards the... →

Brazilian group reports fewer aircraft deliveries in 2020, year-on-year

By: Rebecca Campbell 17th February 2021 Brazilian aerospace group Embraer has reported that it delivered nearly 35% fewer civilian jets last year than the year before. During 2020, the company delivered 130 such jets, as against the 198 delivered during 2019. During the last quarter of last year, it delivered 71 jets, which was ten... →

Photo by Embraer
A modernised Embraer E-99M airborne early warning and control aircraft

Irish aviation group exercises options for more Boeing 737 cargo aircraft

By: Rebecca Campbell 17th February 2021 Irish aviation group ASL Aviation Holdings (ASL), with which South African air cargo and humanitarian operations company Safair is associated, has announced that it is taking up the ten options that it took out in mid-2019 for Boeing 737-800BCF cargo aircraft. BCF stands for Boeing Converted... →

Photo by Boeing
A modified image showing a ASL 737-800BCF flying over Brussels, Belgium

Sibanye-Stillwater profit soars, free cash rockets, R9.4bn dividend

By: Martin Creamer Updated 1 hour 9 minutes ago The free cash flow of precious metals company Sibanye-Stillwater rocketed 63-fold to within a hair’s breadth of R20-billion in the six months to the end of December. The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, reported a sky-high profit rise to R29.3-billion for... →

Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman.

Chubb launches Civil Engineering Completed Risks insurance in South Africa

By: Schalk Burger 17th February 2021 Insurance multinational Chubb has launched its Civil Engineering Completed Risks (CECR) insurance offering in the South African market. The CECR is aimed at medium-sized and large organisations operating in all areas of infrastructure. →

Glencore ferrochrome business evaluating clean energy projects

By: Martin Creamer 17th February 2021 The ferrochrome business of diversified mining and marketing company Glencore, which uses a substantial amount of electricity, is evaluating various clean energy projects, Glencore ferroalloys head Japie Fullard said during this week’s Glencore a media conference. The media conference followed... →

Glencore Alloys CEO Japie Fullard

Ramaphosa, Mkhize receive J&J vaccine in Khayelitsha

By: Sashnee Moodley 17th February 2021 President Cyril Ramaphosa and Health Minister Zweli Mkhize have received two of the country’s first ever Covid-19 vaccine shots from the Johnson & Johnson consignment, which arrived in the country on Tuesday evening. Ramaphosa and Mkhize were vaccinated alongside health workers at the Khayelitsha... →

President Cyril Ramaphosa

Coal to China set to continue while Asian giant not buying from Australia – Glencore

By: Martin Creamer 17th February 2021 The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference. “China still imports round about 185-million tons to 190-million tons of seaborne coal. They like to... →

Photo by Bloomberg
Glencore heading for a future without any coal production.

Repowering and Repurposing

17th February 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Eskom's plans for repowering and repurposing the Komati power station and others in its coal-fired fleet, as well as the power utility's focus on ensuring the transition to renewables is just. →

Repowering and Repurposing

Ramaphosa, Mkhize to be vaccinated in Khayelitsha

By: Sashnee Moodley 17th February 2021 President Cyril Ramaphosa and Health Minister Zweli Mkhize will be vaccinated at the Khayelitsha District Hospital, in the Western Cape, on Wednesday, following the late-night arrival of 800 000 Johnson & Johnson vaccines on Tuesday. Ramaphosa said in statement that he and Mkhize will join health... →

President Cyril Ramaphosa

MWCB, Impact Catalyst aim for Upper Olifants mine water management platform

By: Schalk Burger 17th February 2021 Mpumalanga mine water public-private organisation the Mine Water Coordinating Body (MWCB) hopes its new partnership with socioeconomic development collaboration company The Impact Catalyst will provide a collaborative platform for the collective, integrated and sustainable mine water management... →

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy

By: Martin Creamer 16th February 2021 Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle, Outgoing Glencore CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global... →

Gary Nagle

PwC global survey highlights risks that family businesses will not meet ESG targets

By: Schalk Burger 16th February 2021 A global survey of 2 801 family business-owners by advisory multinational PwC found that 55% of respondents saw the potential for their business to lead on sustainability, but only 37% have a defined environmental, social and governance (ESG) strategy in place. Furthermore, European and American... →

AfDB debars Kenyan civil engineering firm for fraudulent practices

By: Schalk Burger 16th February 2021 Development finance institution the African Development Bank Group (AfDB) on February 16 announced the 36-month debarment of civil engineering company Global Interjapan (Kenya), with effect from August 24, 2020, which renders Global Interjapan (Kenya) and its affiliates ineligible to participate... →

MTN, MasterCard partnership enables mobile e-commerce payments

By: Schalk Burger 16th February 2021 Payment technology multinational MasterCard and telecommunications services multinational MTN on February 16 announced that MTN customers in 16 African countries will be able to make e-commerce payments safely and securely using a MasterCard virtual payment solution linked to MTN's mobile money... →

Budget must reflect fiscal credibly, says Citi

By: Tasneem Bulbulia 16th February 2021 This year’s budget must showcase the country’s fiscal credibility, investment bank and financial services company Citi Research head and chief economist Gina Schoeman said during the company’s pre-budget media roundtable on February 16. She indicated that fiscal credibility depends on maintaining... →

Implementation key for South Africa’s ‘way forward’ following Ramaphosa’s 2021 SoNA

By: Simone Liedtke 16th February 2021 Stellenbosch University economics professor Nicola Theron says the implementation of the measures set out by President Cyril Ramaphosa in the 2021 State of the Nation Address (SoNA) will be key for South Africa. With “sober realism”, she stated on February 16, that there was “not much new” said... →

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

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

Read Now

Advertise Now

Free daily email newsletter Register Now

Register Close

By

Engineering News | Real-Economy News | Industry News

Where...

With?

When?

Search for this

And must exclude these words...

Email me free daily news

Email address

Latest News by

Company Article

Latest Videos and Audio

Manufacturing News

Services News

Company Announcements

Research Reports

Projects

Press Office

About

About

Newsletters

Newsletters

Subscriptions

Subscriptions

Advertise

Advertise