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Audio Articles

Global growth to remain subdued, says IMF 

By: Simone Liedtke     23rd July 2019 While global economic growth is expected to remain subdued, at 3.2%, this year, the International Monetary Fund’s latest edition of the ‘World Economic Outlook (WEO)’ points to anticipated growth of 3.4% for sub-Saharan Africa. With global growth expected to pick up to 3.5% in 2020, sub-Saharan... 

Transnet and IFC team up in effort to catalyse Richards Bay LNG PPP  

By: Terence Creamer     23rd July 2019 The International Finance Corporation (IFC) has made a $2-million cost-sharing commitment to support the completion, by Transnet, of a feasibility study into the development of a liquefied natural gas (LNG) storage and regasification terminal at the Port of Richards Bay, in KwaZulu-Natal by 2024.... 

Transnet and IFC team up in effort to catalyse Richards Bay LNG PPP
In this video, IFC and Transnet officials outline the central role that the private sector is expected to play in the construction and operation of new liquefied natural gas (LNG) infrastructure at the Port of Richards Bay, in KwaZulu-Natal. The proposed project is the subject of a feasibility study that is being jointly funded by the two organisations. It is proposed that the LNG infrastructure be developed by a private-sector-led special purpose vehicle, which will emerge following a competitive bidding process. Camera Work & Editing: Darlene Creamer. Recorded: 23.7.2019

Mboweni warns extra R59bn allocated to Eskom comes at 'huge' cost to fiscus 

By: Kim Cloete     23rd July 2019 Finance Minister Tito Mboweni has allocated an additional R26-billion to debt-ridden Eskom for 2019/20 and R33-billion for 2020/21 in a bid to help the utility meet its financial obligations. “Eskom’s funding plan is dependent on Eskom raising additional finance from the market, which in turn... 

Mboweni warns extra R59bn allocated to Eskom comes at 'huge' cost to fiscus
Finance Minister Tito Mboweni

South Africa allocates extra R59bn for cash-strapped Eskom 

By: Reuters     22nd July 2019 The South African government has made an extra R59-billion available to State-owned power utility Eskom over the next two years so it can meet its obligations, a Special Appropriation Bill seen by Reuters on Monday showed. Eskom, which supplies more than 90% of the country's electricity but has... 

South Africa allocates extra R59bn for cash-strapped Eskom

AFRO4000 locomotives to be auctioned off 

By: Marleny Arnoldi     22nd July 2019 Online auction house WH Auctioneers will, in September, auction off 13 AFRO4000 locomotives that were initially procured for use on the Passenger Rail Agency of South Africa’s (PRASA’s) long-distance network. The auction will open on September 1 and close on September 12.  

AFRO4000 locomotives to be auctioned off
PRASA AFRO4001

Eskom asks prospective CEOs to apply by August 2  

By: Marleny Arnoldi     22nd July 2019 State-owned Eskom is continuing its search for a group CE, following Phakamani Hadebe’s resignation in May, which becomes effective at the end of this month. Hadebe, at the time, said he was stepping down for health reasons after leading efforts to stabilise the highly indebted State firm since... 

Eskom asks prospective CEOs to apply by August 2
Photo by Creamer Media
Eskom head office, Megawatt Park

Commission recommends Tribunal prohibit ATON’s takeover of M&R  

By: Tasneem Bulbulia     19th July 2019 The Competition Commission has recommended to the Competition Tribunal that the proposed acquisition of Murray & Roberts by ATON be prohibited. ATON, through Redpath South Africa, provides a range of mining services, including the excavation of vertical or inclined openings from the surface for... 

Commission recommends Tribunal prohibit ATON’s takeover of M&R

South Africa set to name 'bad cop' to oversee Eskom rescue  

By: Bloomberg     19th July 2019 Of all the executives, government officials and consultants being recruited to tackle the mammoth task of rescuing South Africa’s state power utility, the toughest task could fall to the person who has to take it apart. President Cyril Ramaphosa last month said a soon-to-be appointed chief... 

Pioneer’s shares rise on $1.7bn PepsiCo deal 

By: Simone Liedtke     19th July 2019 JSE-listed Pioneer Foods’ share price rose by nearly 29% on Friday morning after the company announced the conclusion of an agreement with New York-headquartered PepsiCo, which plans to acquire all of the outstanding shares in Pioneer at R110 a share. The acquisition represents a 56% premium to... 

Pioneer’s shares rise on $1.7bn PepsiCo deal

Bahrain composites group aiming to use PRASA contract as platform for expansion into other sectors  

By: Terence Creamer     18th July 2019 Composites multinational BFG International, of Bahrain, has officially opened a R50-million factory in Ekurhuleni, South Africa, to supply fibreglass components for the Passenger Rail Agency of South Africa’s (PRASA’s) new trains. The investment, which is the first-ever by a Bahraini... 

Bahrain composites group aiming to use PRASA contract as platform for expansion into other sectors
BFG International group president Dr Samer Aljishi in conversation with Engineering News Editor Terence Creamer about the company's investment in South Africa and prospects for future growth. Camera Work & Editing: Nicholas Boyd. Recorded: 18.7.2019

Govt to see a 19% drop in road-generated revenue by 2030, study predicts 

By: Irma Venter     18th July 2019 By 2030, government will see a 19.45% loss in its total road-generated revenue, owing to technological and societal trends, forecasts Johann van Rensburg, a PhD candidate conducting research on transport finance. Van Rensburg delivered a paper entitled ‘Disruptive Transport Technologies:... 

 Govt to see a 19% drop in road-generated revenue by 2030, study predicts

Gautrain looks at procuring pre-owned trains from the UK  

By: Irma Venter     18th July 2019 The Gautrain Management Agency (GMA) is investigating the procurement of pre-owned rolling stock from the UK to address peak-hour congestion on the Gautrain system. This follows as a tender process to secure 12 new four-car train sets for the Gautrain system failed to deliver the desired results... 

Gautrain looks at procuring pre-owned trains from the UK

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

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

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

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

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

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... 

Gautrain adds R6.4bn to the Gauteng economy a year, says new study   

By: Irma Venter     15th July 2019 A new study on the socio-economic impact of the Gautrain indicates that the rapid-rail system adds R6.64-billion to Gauteng economy’s gross domestic product (GDP) – or 0.56% ­– during a typical year of operation. The newest study – the second – was conducted by consulting engineering firm Hatch. 

Gautrain adds R6.4bn to the Gauteng economy a year, says new study
Photo by Creamer Media's Irma Venter
Gauteng Roads and Transport MEC Jacob Mamabolo and Gautrain Management Agency CEO Jack van der Merwe

Fuel cell electric vehicles set to make strong entry – visiting experts   

By: Martin Creamer     15th July 2019 There is simply no doubt that fuel cell electric vehicles (FCEVs), which use platinum group metal catalysts, will make a very strong global entry in the next decade, global experts said on Monday. Speaking to Mining Weekly Online on the eve of Nedbank’s FCEV conference in Cape Town, Professor Dr... 

Fuel cell electric vehicles set to make strong entry – visiting experts
Fuel cell experts talk to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photograph: Creamer Media’s Dylan Slater.

South African Navy falling behind other navies in Africa  

By: Kim Cloete     15th July 2019 Hit by budget cuts over the past few years, the South African Navy is bucking the regional trend and falling behind other navies in Africa, says the Chief of the South African Navy, Vice Admiral Mosiwa Samuel Hlongwane. “The naval balance of power is shifting on our continent,” Hlongwane told the... 

South African Navy falling behind other navies in Africa

Climate change takes priority in Creecy’s budget vote debate  

By: Nadine James     12th July 2019 Newly appointed Environment, Forestry and Fisheries Minister Barbara Creecy delivered her R7.5-billion budget vote statement in the National Assembly on Thursday, emphasising the socioeconomic threat of climate change, as more than two-million South Africans are directly dependent on the... 

Restructuring DTI to focus heavily on AfCFTA implementation  

By: Tasneem Bulbulia     12th July 2019 The departments of Trade and Industry, and Economic Development, which are merging to become the Department of Trade, Industry and Competition (DTIC), will focus on six areas over the next five years. For this year, the priority would be the African Continental Free Trade Area (AfCFTA), which... 

Restructuring DTI to focus heavily on AfCFTA implementation
Minister Ebrahim Patel

CSIR doubles down on solar PV amid energy-autonomous campus success 

By: Dylan Slater     12th July 2019 The Pretoria-based headquarters of research organisation the Council for Scientific and Industrial Research (CSIR) has almost doubled its commissioning of solar photovoltaic (PV) installed capacity because of its rooftop-mounted fixed-axis solar PV plant exceeding initial performance expectations.  

CSIR doubles down on solar PV amid energy-autonomous campus success

Gordhan says draft Eskom unbundling White Paper to be finalised soon 

By: Terence Creamer     11th July 2019 Public Enterprises Minister Pravin Gordhan says a draft White Paper outlining government’s approach to the unbundling of State-owned power utility Eskom, as well as how its “unsustainable” debt burden will be managed, is being prepared and should be finalised within weeks. Gordhan made the... 

Gordhan says draft Eskom unbundling White Paper to be finalised soon
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

IRP will serve before Cabinet only in September as Nedlac process drags on 

By: Terence Creamer     11th July 2019 The long-awaited update to the Integrated Resource Plan for electricity is only likely to serve before Cabinet in September, Mineral Resources and Energy Minister Gwede Mantashe reported on Thursday. The minister said that the draft IRP was still being considered by the social partners at the... 

IRP will serve before Cabinet only in September as Nedlac process drags on
Mineral Resources and Energy Minister Gwede Mantashe

Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo 

By: Martin Creamer     11th July 2019 If South Africans make use of their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity at a cost potentially cheaper than when Eskom burns coal and pollutes the air. That, in itself, is in line with the world’s decarbonisation demands. But there is more.... 

Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo
Photo by Creamer Media's Dylan Slater
Isondo Precious Metals COO Dr Sakib Khan

AMSA shares fall on job cuts warning 

By: Marleny Arnoldi     10th July 2019 Primary steel producer ArcelorMittal South Africa’s (AMSA’s) share price on the JSE fell by 10.4% on Wednesday morning after it said it could possibly cut more than 2 000 jobs. In a trading update for the six months ended June 30, it said a difficult domestic economic environment was negatively... 

Africa’s vehicle policies threatening its air quality, warns Nissan’s Dando 

By: Irma Venter     10th July 2019 If not regulated, Africa could become one of the world’s fastest developing polluters, says Nissan Group of Africa sales and operations director Jim Dando. There are currently about 45-million vehicles in Africa, at 27 vehicles per 1 000 inhabitants, compared with 481 vehicles per 1 000 people in... 

 Africa’s vehicle policies threatening its air quality, warns Nissan’s Dando
Jim Dando

National minimum wage not the jobs poison pundits feared – Minister Nxesi 

By: News24Wire      10th July 2019 Minister of Employment and Labour Thulas Nxesi told reporters in Parliament on Wednesday that the employment market had taken well to the National Minimum Wage since it was signed into law, with only 7% of employers in the country not complying. Nxesi was speaking ahead of his first Budget Vote... 

National minimum wage not the jobs poison pundits feared – Minister Nxesi
Photo by Creamer Media
Minister of Employment and Labour Thulas Nxesi

‘Weak’ carbon tax to be significantly strengthened from 2023 – Treasury official 

By: Terence Creamer     9th July 2019 A leading National Treasury official has warned industry to prepare for a significant strengthening of South Africa’s carbon tax during the second phase of implementation, which will begin in January 2023, describing the first phase, which came into force on June 1, as “weak”. South Africa’s... 

‘Weak’ carbon tax to be significantly strengthened from 2023 – Treasury official
Photo by Creamer Media
National Treasury deputy director-general Ismail Momoniat

Exciting new stimulus for hydrogen power, fuel cells, platinum economy 

By: Martin Creamer     9th July 2019 The emerging world of hydrogen power, fuel cells, platinum and climate change mitigation received another stimulus on Tuesday with the announcement of new high-level investment backing for a fund that promotes technologies dependent on the high-performance characteristics of platinum group metals... 

Exciting new stimulus for hydrogen power, fuel cells, platinum economy
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Durban rail corridor to benefit most from addition of standard gauge track 

By: Irma Venter     9th July 2019 The freight corridor between Durban and Gauteng would benefit most from a standard gauge railway track being constructed next to the current narrow gauge track. The addition of the line would aid in the transport of mainly double-stacked containers, as well as various other commodities. 

Durban rail corridor to benefit most from addition of standard gauge track

UCT researchers say road maintenance backlog exceeds R400bn 

By: Marleny Arnoldi     8th July 2019 The cost of South Africa’s road maintenance backlog is nearing R417-billion, research undertaken by the University of Cape Town’s School of Economics academics Don Ross and Matthew Townshend have found. This is more than double the amount set out in the South African National Roads Agency’s... 

UCT researchers say road maintenance backlog exceeds R400bn
Photo by Creamer Media's Dylan Slater
UCT researcher Matthew Townshend

Conference presentations tackle spatial development, transport planning issues 

By: Simone Liedtke     8th July 2019 University of Johannesburg Professor Steven Friedman has called for an “urgent conversation” between people with technical expertise who understand planning and transport issues, to debate ways in which the country can begin to integrate its poor people into the country’s economic hubs. This... 

Conference presentations tackle spatial development, transport planning issues
Photo by Creamer Media's Dylan Slater
UJ Professor Steven Friedman

Task team to look at future of e-tolling, completion date set for August  

By: Irma Venter     8th July 2019 A governmental task team will produce a report on the future of electronic tolling in Gauteng by August. Speaking at a media conference at the Southern African Transport Conference in Pretoria, on Monday, Transport Minister Fikile Mbalula said this report will be presented to President Cyril... 

Task team to look at future of e-tolling, completion date set for August
Photo by Creamer Media's Dylan Slater
Transport Minister Fikile Mbalula

Marubeni seeks sites and partners as it gears up for next renewables bid window 

By: Terence Creamer     5th July 2019 Japanese multinational Marubeni has issued an expression of interest (EoI) notice calling on entities with ‘bid ready’ wind and solar photovoltaic (PV) project sites in South Africa to approach it with the view to potentially jointly submitting the project as part of any future renewables auction... 

Marubeni seeks sites and partners as it gears up for next renewables bid window

Ramaphosa throws weight behind 4IR as South Africa’s growth accelerator 

By: Natasha Odendaal     5th July 2019 South Africa is positioning itself not as an adopter but rather as a leader and driver of the Fourth Industrial Revolution (4IR) worldwide, President Cyril Ramaphosa promised on Friday, throwing his weight fully behind the imminent digital disruption. He believes that taking the global lead on... 

Ramaphosa throws weight behind 4IR as South Africa’s growth accelerator
Photo by Creamer Media's Dylan Slater
President Cyril Ramaphosa
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