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Audio Articles

Davies sees rising unilateralism as trade war escalates 

By: African News Agency      24th May 2019 South Africa, like the rest of the global economy, will continue to be collateral damage in the escalating trade war between China and the US, Trade and Industry Minister Dr Rob Davies has said, predicting a worrying rise in unilateral actions by individual states. Davies cast doubt on the World... 

Amended Act a ‘second revolution’ for competition law in South Africa 

By: Terence Creamer     24th May 2019 The Competition Amendment Act, which was signed into law by President Cyril Ramaphosa in February, represents a “second revolution” for competition law in South Africa and will require practitioners to enter territory that is unchartered globally, Justice David Unterhalter argues. Speaking during... 

Amended Act a ‘second revolution’ for competition law in South Africa
Nicola Theron, Norman Manoim, Liberty Mncube and Justice David Unterhalter

New Port of Ngqura liquid bulk facility to serve South African and African markets 

By: Schalk Burger     24th May 2019 A new liquid bulk handling facility at the deep-water Port of Ngqura, in the Eastern Cape, will be built to assist with the predicted future growth of petroleum product consumption in Africa. The terminal – for which civil construction is scheduled to start in July – will serve as a strategic... 

New Port of Ngqura liquid bulk facility to serve South African and African markets

Enviro dept invites public comment on sulphur dioxide emissions amendment  

By: Marleny Arnoldi     23rd May 2019 The Environmental Affairs Minister has temporarily withdrawn a provision that would have allowed for a doubling in the amount of harmful pollutant sulphur dioxide companies may emit. This follows environmental organisation GroundWork’s litigation, instituted last month, seeking to have the... 

Enviro dept invites public comment on sulphur dioxide emissions amendment

Reserve Bank again keeps repo rate unchanged at 6.75% 

By: News24Wire      23rd May 2019 The South African Reserve Bank's monetary policy committee has again decided to keep the repo rate unchanged at 6.75%, a decision widely expected by analysts.  The central bank's governor Lesetja Kganyago made the announcement at a media briefing in Pretoria on Thursday afternoon. The repo rate... 

 Reserve Bank again keeps repo rate unchanged at 6.75%
Photo by Bloomberg
SARB governor Lesetja Kganyago

South Africa’s fiscal crisis, price volatility among top energy risks for this year 

By: Kim Cloete     23rd May 2019 The South African National Energy Association (Sanea) has outlined its nine top energy risks for 2019, with price volatility and uncertainty, and South Africa’s fiscal crisis, among the top risks at both the country and industry level. The issue of price volatility and uncertainty was significant... 

South Africa’s fiscal crisis, price volatility among top energy risks for this year

Nersa to host workshop to clarify licensing process for small-scale power plants 

By: Terence Creamer     22nd May 2019 The National Energy Regulator of South Africa (Nersa) says it will, in due course, host a stakeholder workshop in order to provide clarity on the processes it will follows, as well as information it requires, in order to register or licence small-scale embedded generators (SSEGs). In a statement... 

Nersa to host workshop to clarify licensing process for small-scale power plants

Eskom keeps investors in the dark as debt speculation mounts 

By: Bloomberg     22nd May 2019 As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-billion of bond and loan debt, according to... 

Sasol to accelerate $2bn asset disposal plan as capex on US project leaps by another $1.3bn 

By: Terence Creamer     22nd May 2019 Energy and chemicals group Sasol, which announced another large increase in the capital cost of its Lake Charles Chemicals Project (LCCP) being built in the US, will accelerate its $2-billion noncore asset disposal programme and will used the proceeds to deleverage its balance sheet. Joint... 

Sasol to accelerate $2bn asset disposal plan as capex on US project leaps by another $1.3bn
Photo by Creamer Media
Joint presidents and CEOs Bongani Nqwababa and Stephen Cornell

BBBEE Commission says most broad-based schemes failing ‘ownership test’ 

By: Terence Creamer     21st May 2019 The regulatory body overseeing the implementation of South Africa’s broad-based black economic empowerment (BBBEE) legislation has dismissed suggestions that changes have been made to the rules governing the treatment of trusts and other broad-based structures under the ownership element of the... 

BBBEE Commission says most broad-based schemes failing ‘ownership test’

Gautrain will not reissue rolling stock tender 

By: Irma Venter     21st May 2019 The tender for the procurement of new 12 new four-car trains for the Gautrain system will not be reissued, says Gautrain Management Agency communication and marketing senior executive manager Dr Barbara Jensen. An almost three-year tender process, initiated in February 2016, to secure additional... 

Gautrain will not reissue rolling stock tender

Mboweni bemoans 'madness' of Eskom debt  

By: Bloomberg     21st May 2019 South Africa’s embattled State power utility must prioritise collecting the money it is owed by municipalities as a first step toward becoming financially sustainable, Finance Minister Tito Mboweni said. Eskom Holdings has reported that municipalities owed it R17-billion in arrears for power... 

Mboweni bemoans 'madness' of Eskom debt
Photo by Creamer Media's Dylan Slater
Finance Minister Tito Mboweni

Mboweni poised to retain post 

By: Bloomberg     20th May 2019 Finance Minister Tito Mboweni is likely to hold on to his job for at least another year, as President Cyril Ramaphosa moves to re-assure investors and ratings companies that the economy is in good hands, according to two people familiar with the Cabinet selection process. The former central bank... 

Buoyed by mining recovery, Barloworld looks to Mongolia for growth 

By: Irma Venter     20th May 2019 Barloworld’s results on Monday reflected some of the biggest trends in the South African economy, with the company reporting a sharp drop in equipment sales to the troubled construction industry, as well as a decline in new-vehicle sales and car rental days, but with the mining industry seemingly... 

Buoyed by mining recovery, Barloworld looks to Mongolia for growth

Researchers see manganese helping fuel cells down cost curve 

By: Martin Creamer     20th May 2019 A new manganese-containing material may contribute to platinum-using hydrogen fuel cells being driven down the cost curve. The new material, made from manganese hydride, is being earmarked for use in molecular sieves that work with the fuel cells in hydrogen fuelled systems that generate... 

Researchers see manganese helping fuel cells down cost curve
Hydrogen fuel cell cars use hydrogen and oxygen to generate electricity with the help of platinum.

YES helps position S Africa as credible springboard into continent again 

By: Marleny Arnoldi     17th May 2019 Foreign direct investment is critical to the development of the South African economy and some innovative thinking by the Department of Trade and Industry has turned recently gazetted amendments regarding the Youth Employment Service into an additional arrow in the DTI’s quiver on a recent... 

YES helps position S Africa as credible springboard into continent again
Photo by Creamer Media's Dylan Slater
YES CEO Dr Tashmia Ismail-Saville

Local expo to showcase South Africa’s manufacturing capabilities 

By: Simone Liedtke     17th May 2019 Determined to broaden the inclusion of local manufacturers in local and international supply chains, the South African Capital Equipment Export Council has partnered with Specialised Exhibitions Montgomery to launch the Local Southern African Manufacturing Expo, which has, so far, received over 3... 

Local expo to showcase South Africa’s manufacturing capabilities
South African Capital Equipment Export Council CEO Eric Bruggeman

Collaboration seen as key as SA moves to position for 4IR epoch 

By: Natasha Odendaal     17th May 2019 While President Cyril Ramaphosa’s Fourth Industrial Revolution (4IR) visions for South Africa are gaining some traction, the success of a new digital future will require extensive coordination and deep collaboration across every sphere and sector. Following a technology-centred State of the... 

Collaboration seen as key as SA moves to position for 4IR epoch

South Africa’s long-term growth outlook remains weak, warns Moody’s 

By: Simone Liedtke     16th May 2019 With South Africa’s sixth democratic election having run its course, ratings agency Moody’s expects the country’s new government, once formed, to put forward not just steady policies, but also to continue tackling the country’s main challenges, namely low growth, steadily rising debt, leveraged... 

South Africa’s long-term growth outlook remains weak, warns Moody’s

New skills needed for people to succeed in the 4IR workplace 

By: Marleny Arnoldi     16th May 2019 As the world continues to evolve and adapt to the Fourth Industrial Revolution (4IR), education is no longer the only requirement for success in the workplace. Skills such as communication, learning, attitude and emotional intelligence have also become important, economist Mike Schüssler said... 

New skills needed for people to succeed in the 4IR workplace
Economist Mike Schussler

Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission 

By: African News Agency      16th May 2019 Transnet acting CE Mohammed Mahomedy continued his testimony at the Zondo commission of inquiry into State capture on Thursday, further detailing how the State-owned entity was bleeding billions of rands as a result of irregular contracts and interest rate swaps. Mahomedy told the commission... 

Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission
Photo by Creamer Media's Dylan Slater
Transnet acting CE Mohammed Mahomedy

Positive reaction to Radebe’s lifting of licence restraints on small-scale power plants 

By: Terence Creamer     15th May 2019 Industry has reacted positively to revelations that Energy Minister Jeff Radebe has written to the National Energy Regulator of South Africa (Nersa) indicating that it should begin to license small-scale embedded generation (SSEG) projects with capacities of above 1 MW. Business Day reported on... 

Positive reaction to Radebe’s lifting of licence restraints on small-scale power plants

Rescue practitioners expect proceeds of R709m from initial Group Five disposals 

By: Terence Creamer     15th May 2019 Business rescue practitioners (BRPs) at construction firm Group Five reported on Wednesday that the disposal of stakes in three companies, together with sale of plant, assets and property, is expected to yield proceeds of R709-million. Group Five’s shares were suspended in March after the company... 

Rescue practitioners expect proceeds of R709m from initial Group Five disposals

Ramaphosa says to speed up economic reforms, fix Eskom 

By: Reuters     15th May 2019 President Cyril Ramaphosa said on Wednesday that he would use a new five-year term to speed up economic reforms and fix ailing state power firm Eskom, a week after his African National Congress party was re-elected with a reduced majority. Analysts have said reforms like cutting red tape and... 

Ramaphosa says to speed up economic reforms, fix Eskom
President Cyril Ramaphosa

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Release of updated IRP imminent, says Radebe, as he allays coal producers' fears  

By: Kim Cloete     14th May 2019 Energy Minister Jeff Radebe has promised that the update of the Integrated Resource Plan, which reflects the government’s policy blueprint for the power sector, will be concluded "very shortly". He told delegates attending the African Utility Week and PowerGEN Africa forum, in Cape Town, on... 

Release of updated IRP imminent, says Radebe, as he allays coal producers' fears
Photo by Bloomberg
Energy Minister Jeff Radebe

South African nuclear corporation CEO axed  

By: Rebecca Campbell     14th May 2019 South African Nuclear Energy Corporation (Necsa) CEO Phumzile Tshelane has been dismissed from his post and removed from the State-owned organisation’s board. This was announced on Tuesday by Energy Minister Jeff Radebe in a short press release. The decision was made because of the serious... 

South African nuclear corporation CEO axed
Photo by Creamer Media
Jeff Radebe

Global energy investment out of step with security of supply, climate needs  

By: Terence Creamer     14th May 2019 A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report,... 

Global energy investment out of step with security of supply, climate needs
IEA executive director Fatih Birol

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique 

By: Terence Creamer     13th May 2019 South Africa is failing to fully grasp the energy and economic significance of the impending development of the enormous gas reserves discovered in northern Mozambique since 2010, Standard Bank oil and gas specialist Paul Eardley-Taylor argues. Between 150- to 200-trillion cubic feet of gas has... 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique

Anadarko says to supply Mozambique LNG to Japan's JERA, Taiwan's CPC 

By: Reuters     13th May 2019 Anadarko Petroleum said on Monday that a unit it jointly owns which markets gas from Mozambique has signed a long-term deal to supply liquefied natural gas to Japan's JERA and Taiwan's CPC. This is its first long-term deal to be announced since the US independent energy group said late last week... 

Anadarko says to supply Mozambique LNG to Japan's JERA, Taiwan's CPC

Ramaphosa's hard choice: a Cabinet to lift the South African economy   

By: Bloomberg     13th May 2019 South African President Cyril Ramaphosa’s triumph in guiding his African National Congress to a sixth straight election victory has left him with an even more formidable challenge: to pick a cabinet that can dismantle a shadow state of corruption and revive the flagging economy. His window of... 

Ramaphosa's hard choice: a Cabinet to lift the South African economy
Photo by Creamer Media's Dylan Slater
President Cyril Ramaphosa

Eskom task team mulling new debt-relief options as it comes to terms with depth of crisis  

By: Terence Creamer     10th May 2019 The Eskom Sustainability Task Team – which has already had its proposal for the unbundling of the utility into three separate units accepted by government – is now finalising an updated report for President Cyril Ramaphosa which will include a financial recovery plan for the State-owned entity.... 

Eskom task team mulling new debt-relief options as it comes to terms with depth of crisis

Denel announces latest phase of its offset programme to Malaysia 

By: Rebecca Campbell     10th May 2019 South Africa’s State-owned defence industrial group Denel announced on Friday that its tenth and last offset project for Malaysia, being provided in return for the Asian country’s order for armoured gun turrets and integrated weapons systems for armoured fighting vehicles (AFVs), was launched... 

Denel announces latest phase of its offset programme to Malaysia
Photo by Denel
A Denel LCT-30 turret, armed with a GI-30 30 mm cannon, mounted on a South African Badger infantry fighting vehicle

Mahindra South Africa unveils comprehensive farming equipment range 

By: Irma Venter     10th May 2019 Mahindra has opened its fourth business in South Africa. The India-based conglomerate will now add farming equipment to its product line-up in the domestic market, along with vehicles, generators and construction equipment. 

 Mahindra South Africa unveils comprehensive farming equipment range
Mahindra has entered the farming equipment business in South Africa

March manufacturing output better than expected 

By: Mariaan Webb     9th May 2019 South Africa’s manufacturing output is continuing on a positive trend, with March output increasing by 1.2% year-on-year, beating market expectations of a contraction of 0.2%. The largest positive contributions were made by energy-intensive industries, which commentators say is surprising, given... 

Sappi says dissolving wood pulp prospects remain strong despite near-term pressures 

By: Terence Creamer     9th May 2019 Diversified forests products group Sappi is warning of lower full-year earnings, owing to ongoing market weakness for graphic paper, as well as near-term pricing and volume pressures for its expanding dissolving wood pulp business. The company reported a decline second-quarter profit to... 

Sappi says dissolving wood pulp prospects remain strong despite near-term pressures

Local vehicle production expected to grow by 6.2% in 2019 

By: Irma Venter     9th May 2019 South Africa’s vehicle production is expected to expand by 6.2% in 2019, to roughly 648 000 units, compared with 2018, says the National Association of Automobile Manufacturers of South Africa in its latest quarterly business review. South Africa made up 0.64% of global new vehicle production in... 

Local vehicle production expected to grow by 6.2% in 2019

South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue  

By: Terence Creamer     7th May 2019 South African Federation of Trade Unions general-secretary Zwelinzima Vavi has called for urgent social dialogue on South Africa’s “inevitable” energy transition from coal to renewable energy, warning that the country’s current framework will fail to deliver a just outcome for workers and poor... 

South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue
Photo by Creamer Media
Saftu general-secretary Zwelinzima Vavi
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