https://www.engineeringnews.co.za
R/€ = 18.24 Change: -0.59
R/$ = 14.97 Change: -0.48
Au 1775.82 $/oz Change: -29.71
Pt 1229.00 $/oz Change: -30.01
 
Close

Email me free daily news

Email address

Energy tariff increases to slam brakes on auto industry competitiveness – AIDCEC 

By: Irma Venter     25th February 2021 The Eastern Cape Automotive Industry Development Centre (AIDCEC) has warned that the 15% electricity tariff increase that comes into effect on April 1 will slam the brakes on the South African automotive supply chain's drive to achieve greater levels of global competitiveness. The AIDCEC says... 

Energy tariff increases to slam brakes on auto industry competitiveness – AIDCEC

Convergence Partners to acquire Ctrack in Africa, Middle East 

By: Irma Venter     25th February 2021 Technology investor Convergence Partners has entered into an agreement with Inseego to acquire 100% of Ctrack’s operations in Africa and the Middle East.  The transaction will be the maiden investment for its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF).  

Convergence Partners to acquire Ctrack in Africa, Middle East

Energy Regulator approves 40 MW solar licence for Gold Fields' South Deep 

By: Creamer Media Reporter      Updated 4 hours ago The National Energy Regulator of South Africa (Nersa) announced on Thursday that the Energy Regulator, at its meeting held on February 25, approved the issuance of a generation licence for a 40 MW solar photovoltaic (PV) plant to be developed at the South Deep gold mine, in Gauteng. The licence... 

Energy Regulator approves 40 MW solar licence for Gold Fields' South Deep

PPC making positive progress with restructuring, refinancing 

By: Donna Slater     Updated 6 hours ago JSE-listed building materials company PPC reports it is making positive progress against key milestones of its restructuring and refinancing project, which is centred on implementing a sustainable capital structure and improving the investment prospects of the group. In South Africa, to date,... 

Mondi generates robust cash, increases total dividend for 2020 by 5%

By: Donna Slater     25th February 2021 JSE- and LSE-listed packaging and paper group Mondi generated cash from operations of €1.48-million during the 2020 financial year ended December 31, 2020, which is down 9% on the year prior. Group revenue was also down 8% year-on-year, to €6.66-million, while operating profit decreased by 29%... 

Mondi generates robust cash, increases total dividend for 2020 by 5%

Mixed response to Mboweni's Budget Speech

By: Tasneem Bulbulia     Updated 5 hours ago Industries and business have responded with mixed reviews to the Budget Speech delivered by Finance Minister Tito Mboweni on February 24. Industry organisation Business Leadership South Africa (BLSA) posits that it showed the fruits of a better-than-expected economic recovery and tax collection... 

Organisation bemoans Treasury’s decision to cancel S12J investments

By: Tasneem Bulbulia     Updated 5 hours ago The 12J Association of South Africa has expressed disappointment at the decision by the National Treasury not to extend Section 12 J of the Income Tax Act beyond June 30. Association chairperson Dino Zuccollo points out that this was announced in the National Treasury's 2021 Budget Review, on... 

Alcohol, tobacco industries bemoan excise tax increase

By: Tasneem Bulbulia     Updated 5 hours ago The South African alcohol industry, including the National Liquor Traders Council (NLTC), South African Liquor Brandowners Association (Salba), Vinpro, the Consumer Goods Council of South Africa (CGCSA), retailers and manufacturers, have noted their concern about Finance Minister Tito Mboweni’s... 

SA Canegrowers welcomes maintained sugar tax rate

By: Marleny Arnoldi     25th February 2021 South African Canegrowers (SA Canegrowers) has welcomed government’s decision to maintain the health promotion levy, or “sugar tax” at its current rate. The industry association says that, although it had called for a reduction in the sugar tax, Finance Minister Tito Mboweni’s 2021 Budget adds... 

Gate upgrade to improve truck turnaround at Ngqura

By: Schalk Burger     Updated 5 hours ago A R20-million upgrade project of the Ngqura Container Terminal's automated gate system will reduce truck turnaround times and improve traffic flow, State-owned Transnet Port Terminals Cape Terminals managing executive Wandisa Vazi says. The automated gate system was introduced in 2009 when... 

Sars establishes unit to crack down on high wealth tax evaders and offshore accounts

By: Donna Slater     25th February 2021 The South African Revenue Service (Sars) is establishing a separate unit – the High Wealth Individual Taxpayer Segment (HWI) – to focus on individual taxpayers with wealth and complex financial arrangements. The unit will initially be co-located with the Large Business and International Taxpayer... 

Some of Kruger’s ‘lost hoard’ up for sale through SA Mint

By: Donna Slater     Updated 5 hours ago The South African Mint has released what it says is a rare, intriguing trove of century-old South African gold coins – Kruger ponde – that were discovered in a Swiss vault. The Mint is a wholly-owned subsidiary of the South African Reserve Bank.   

Some of Kruger’s ‘lost hoard’ up for sale through SA Mint
The Kruger half-pond

IFC invests in Liquid Telecom bond

By: Natasha Odendaal     25th February 2021 The International Finance Corporation (IFC) has invested into a Liquid Telecommunications subsidiary’s bond issue. IFC, playing an anchor role, subscribed to 16% of the bond, equivalent to $100-million, which was listed on Ireland's main stock exchange, Euronext Dublin on February 25. The... 

Education dept makes headway on national rollout of coding, robotics curriculum

By: Schalk Burger     25th February 2021 The Department of Basic Education is making headway on the national rollout of coding and robotics, with Grade R to 3 pupils from 200 schools to participate in pilot programme using a draft curriculum this year. Grade 7 pupils from 1 000 schools will also be piloting the curriculum, President... 

Agreement between Mahindra SA, SsangYong comes to an end

By: Irma Venter     Updated 7 hours ago Mahindra South Africa (MSA) says the multiyear agreement between itself and the SsangYong Motor Company (SYMC) has ended, which means that MSA will no longer act as the local distributor for SYMC, as from February 28. This marks the end of a multiyear agreement, during which MSA took over full... 

JRA welcomes arrest of suspects as efforts to curb road infrastructure theft continue

By: Marleny Arnoldi     25th February 2021 The Johannesburg Roads Agency (JRA), in partnership with the Johannesburg Metropolitan Police Department (JMPD), has announced that their collaboration has resulted in the arrest of two suspects posing as technicians of the agency. The JRA has partnered with the JMPD to intensify law... 

Giant defence group BAE Systems reports good results for 2020

By: Rebecca Campbell     Updated 5 hours ago UK-based global major aerospace and defence group BAE Systems (BAES) has reported strong full-year results for 2020. The group is active in the aerospace, maritime (including shipbuilding), armoured vehicle, cyber and intelligence, and electronic systems domains of defence. Only a very small part... 

Giant defence group BAE Systems reports good results for 2020
Photo by BAE Systems
A mock-up of the Tempest next-generation combat aircraft

Iata identifies key issues for airlines and governments for reopening air travel 

By: Rebecca Campbell     Updated 5 hours ago The International Air Transport Association (Iata) has appealed to the world’s governments to work with the global airline industry – for which Iata is the representative body – to prepare for the restart of international air travel, once it had been determined that national borders could be... 

Iata forecast that 2021 will be more gloomy for airlines than previously expected

By: Rebecca Campbell     25th February 2021 The representative body for the world airline industry, the International Air Transport Association (Iata), has become more pessimistic about the prospects for the sector during this year. Whereas, previously, it expected the airline industry to turn cash positive in the last quarter, now, it its... 

Iata forecast that 2021 will be more gloomy for airlines than previously expected
Photo by Iata
Iata director-general and CEO Alexandre de Juniac

SABS amends hand sanitiser standard in line with global guidelines

By: Schalk Burger     Updated 5 hours ago National standards body the South African Bureau of Standards (SABS) has published the amendments to the national standard SANS 490, which specifies the requirements for all alcohol-based liquid, gel, foam and aerosol hand sanitisers, driven by global guidelines such as the requirements specified... 

Implats in final stages of approving R10bn worth of new platinum projects  

By: Martin Creamer     Updated 7 hours ago Platinum group metals (PGMs) mining and marketing company Implats is in the final stages of approving two exciting new platinum projects that tick all the boxes of the company’s strategic intent, CEO Nico Muller said on Thursday. The one project is a Merensky reef expansion project at the Two... 

Implats presentation of results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality  

By: Martin Creamer     25th February 2021 Platinum group metals (PGMs) mining and marketing company Implats is pursuing green hydrogen, greenfield exploration and carbon neutrality, the company made clear during question time after presenting a stellar set of high-dividend-yielding interim financial results on Thursday, which cut debt by... 

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality
Impala Platinum's Shaft 16 in Rustenburg

Budget highlights  

25th February 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Finance Minister Tito Mboweni's 2021 Budget, which included a focus on the importance of the Covid-19 vaccine rollout. Tax changes and better than expected debt and deficit projections also featured. 

Budget highlights

Renergen Covid-19 vaccine transport solution unveiled 

25th February 2021 South African emerging domestic natural gas and helium producer Renergen earlier this month unveiled its Covid-19 vaccine transport solution, the Cryo-Vacc. Creamer Media journalist Simone Liedtke, who attended the unveiling event, tells us more. 

Renergen Covid-19 vaccine transport solution unveiled

Implats' earnings soar 328%, record R7.9bn interim dividend declared

By: Martin Creamer     25th February 2021 Buoyed by the high rand platinum group metals (PGMs) basket price, Impala Platinum Holdings Limited (Implats) has posted a 328% increase in headline earnings and declared a record interim dividend of R7.9-billion on a strong production, safety and sales performance. Implats delivered stellar... 

Implats' earnings soar 328%, record R7.9bn interim dividend declared
Nico Muller

Boeing announces start of production of new advanced trainer for US Air Force

By: Rebecca Campbell     24th February 2021 US major aerospace and defence group Boeing announced on Wednesday that it had started production of the eT-7A advanced jet trainer for the US Air Force (USAF). The eT-7A had been jointly developed by Boeing and Swedish aerospace and defence group Saab. The Swedish company was manufacturing the... 

Boeing announces start of production of new advanced trainer for US Air Force
Photo by Boeing
One of the prototype eT-7A trainers

UK, Australia sign first-of-its-type space sector partnership agreement

By: Rebecca Campbell     24th February 2021 In what has been described as the first such agreement in the world, the UK and Australia on Tuesday created a partnership to greatly strengthen space cooperation between the two countries in most, if not all, its dimensions. The agreement has been designated the Space Bridge. The two countries... 

Adcock Ingram reports ‘resilient’ interim trading performance

By: Simone Liedtke     24th February 2021 South African pharmaceutical manufacturer Adcock Ingram on February 24 reported a 4% increase in turnover, to R3.8-billion, for the six months ended December 31, 2020, during which the group experienced challenging trading conditions brought on by the Covid-19 pandemic, as well as a depressed... 

Master plans are paying off, says DTIC

By: Marleny Arnoldi     24th February 2021 The implementation of master plans has already started bearing fruit in four sectors of the South African economy – sugar, automotive, poultry and retail (clothing), textile, footwear and leather (R-CTFL). Close to R70-billion has been invested toward reigniting major key sectors that drive... 

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Govt needs to focus on securing reliable hydrological information to ensure water security

By: Natasha Odendaal     24th February 2021 The South African Academy of Engineering (SAAE) has urged government to focus on securing reliable hydrological information to manage South Africa’s scarce water resources. In an advisory note written to President Cyril Ramaphosa, the association recommended that the Ministers responsible for... 

Government commits to improving infrastructure spending 

By: Tasneem Bulbulia     24th February 2021 The 2021 Budget, presented by Finance Minister Tito Mboweni on February 24, outlines that R93.1-billion has been earmarked for economic regulation and infrastructure, from consolidated government expenditure of R2.02-trillion each year over the medium term. To boost infrastructure spending,... 

Committee recommends expanding Covid-19 loan scheme controls

By: Tasneem Bulbulia     24th February 2021 The Standing and Select Committee on Finance on the 2020 second Revised Fiscal Framework has recommended that Finance Minister Tito Mboweni consider extending the R200-billion Covid-19 loan guarantee scheme enable development finance institutions to provide liquidity to projects that they are... 

R7bn allocated for Land Bank recapitalisation

By: Tasneem Bulbulia     24th February 2021 The Land and Agricultural Development Bank of South Africa (Land Bank), which defaulted on its debt obligations on April 1, 2020, and is renegotiating it repayment terms, will receive R7-billion in recapitalisation over the medium term to put it on a stable and sustainable development path, the... 

R7bn allocated for Land Bank recapitalisation

Mboweni withdraws R40bn tax proposal amid smaller-than-projected revenue shortfall 

By: Terence Creamer     24th February 2021 As was widely anticipated, Finance Minister Tito Mboweni refrained from announcing any new tax measures in his 2021 Budget, citing the need to support the pandemic-afflicted economy’s recovery. In addition, he announced a surprise withdrawal of previously announced hikes worth R40-billion, which... 

Mboweni withdraws R40bn tax proposal amid smaller-than-projected revenue shortfall

Vaccination roll-out a vital growth stimulus, but decisive action on reforms remains key to recovery 

By: Terence Creamer     24th February 2021 Finance Minister Tito Mboweni made a direct link to a successful roll-out of South Africa’s free Covid-19 vaccination programme and the country’s economic recovery, telling lawmakers on Wednesday that a successful roll-out would support a full reopening of the economy, boost growth and facilitate... 

Vaccination roll-out a vital growth stimulus, but decisive action on reforms remains key to recovery
Finance Minister Tito Mboweni

Strong used-car, aftermarket sales see Motus bounce back 

By: Irma Venter     24th February 2021 A buoyant used-car market and strong aftermarket parts sales have helped mobility group Motus bounce back from the significant decline the group experienced owing to the Covid-19 pandemic in the last half of the previous financial year. Reporting on the company’s results for the first six months... 

Strong used-car, aftermarket sales see Motus bounce back 

Nissan CEO who oversaw Ghosn’s downfall testifies in court

By: Bloomberg     24th February 2021 Former Nissan Motor CEO Hiroto Saikawa told a Tokyo court that he agreed that former chairperson Carlos Ghosn should have been paid more to prevent him from going to a rival automaker. Greg Kelly, the former Nissan director who was arrested on the same day as Ghosn in November 2018, is standing... 

Latest News  by  

more

Company Article

more

Latest Videos and Audio

Budget highlights

Renergen Covid-19 vaccine transport solution unveiled

Worst listed property year on record impacts Redefine’s distributable income

NPC outlines the National Water Security Framework

On-The-Air (19/02/2021)

Research council refutes claims 5G poses health threats

Spectrum licensing may be slower than hoped - Webber Wentzel

Food & Trees for Africa, Promethium introducing new carbon standard

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
Free daily email newsletter Register Now
Register Close