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Audio Articles

Business confidence remains low  

By: Marleny Arnoldi     7th August 2019 The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) for July declined by 1.3 index points month-on-month to 92. The BCI was also lower than the 94.7 index points recorded for July 2018.  

Three scenarios for EV uptake in SA; spark missing for the best one, says Jaguar  

By: Irma Venter     6th August 2019 There are three possible scenarios for electric vehicle (EV) uptake in South Africa, says Jaguar Land Rover South Africa (JLRSA) dealer network director and electrification project leader Brian Hastie. EVs are projected to make up around 50% of all global new light-duty vehicle sales by 2040, up... 

 Three scenarios for EV uptake in SA; spark missing for the best one, says Jaguar

Africa wants one trade deal with the US, the US wants many 

By: Bloomberg     6th August 2019 The US and Africa have different views on their future trade relationship when a preferential access deal expires in 2025. US Assistant Secretary of State for African Affairs Tibor Nagy said in an interview Sunday his country favours bilateral trade agreements with African nations. A day later,... 

Africa wants one trade deal with the US, the US wants many

Demand sags at record South African bond sale to help fund Eskom 

By: Bloomberg     6th August 2019 Demand at South Africa’s weekly bond auction fell after the country raised issuance to a record, partly to fund the rescue of troubled State-owned company Eskom Holdings. Traders placed R10.3-billion rand of orders, or 2.3 times the R4.53-billion rand of securities on sale, at the scheduled... 

Cost of motoring continues to rise, says WesBank 

By: Irma Venter     5th August 2019 Despite July’s interest rate cut, the cost of motoring continues to rise steadily, says WesBank. WesBank’s Mobility Calculator, a tool used to track and calculate motoring expense, has risen to R7 851.39 a month. 

Cost of motoring continues to rise, says WesBank

Public transport subsidy policy to go to Cabinet at end of 2020 

By: Irma Venter     5th August 2019 Future of Transport (FOT) Consulting expects the new policy on South Africa’s public transport subsidy regime to be finalised and presented to Cabinet for approval by the end of 2020. FOT Consulting strategic planning and transformation specialist Rehana Moosajee says a draft policy document... 

Public transport subsidy policy to go to Cabinet at end of 2020

Cape Town construction industry calls for changes to city's tender processes  

By: Kim Cloete     5th August 2019 The construction industry in Cape Town, already under immense economic strain, is facing the continuing disintegration of the city’s tendering and procurement processes, says the Western Cape Property Development Forum (WCPDF). The WCPDF says slow tender processes are crippling construction and... 

Cape Town construction industry calls for changes to city's tender processes

EIUG calls for urgent overhaul of industrial power tariffs to stem job losses  

By: Terence Creamer     2nd August 2019 The Energy Intensive Users Group of Southern Africa is calling for urgent consideration to be given to the development of industrial tariffs for large power users, in the light of the threat being posed to domestic mining and industrial firms by steeply rising electricity tariffs. In a statement... 

EIUG calls for urgent overhaul of industrial power tariffs to stem job losses

Work won’t start on next phase of Mokolo-Crocodile transfer scheme until EIA appeal finalised 

By: Terence Creamer     2nd August 2019 The Department of Water and Sanitation has confirmed that work on the R12.3-billion Mokolo-Crocodile Water Augmentation Project Phase 2A (MCWAP-2A) project will not commence while there is an appeal against the project’s environmental impact assessment authorisation. In June, the Trans-Caledon... 

The MCWAP-2A is designed to transfer water largely to support mining and energy activities in the Limpopo province
Photo by Creamer Media
The MCWAP-2A is designed to transfer water largely to support mining and energy activities in the Limpopo province

As steel consumption plumbs ten-year lows, AMSA seeks power-tariff relief 

By: Terence Creamer     1st August 2019 JSE-listed steel group ArcelorMittal South Africa (AMSA) is continuing to pursue tariff relief from electricity producer Eskom as part of broader efforts to navigate an increasingly hostile domestic steel market. The group, which is in consultation with its labour unions that could result in as... 

AMSA CEO Kobus Verster
Photo by Creamer Media
AMSA CEO Kobus Verster

Sappi buys Canada mill for $175m, reports lower third-quarter profit 

By: Simone Liedtke     1st August 2019 Diversified woodfibre company Sappi on Thursday announced that it would buy the 270 000 t Matane high yield hardwood pulp mill, in Quebec, Canada, from Rayonier Advanced Materials for $175-million. The acquisition, which was subject to approvals from competition authorities, would increase... 

Sappi CEO Steve Binnie
Sappi CEO Steve Binnie

Sanral to issue tenders worth R40bn over next three years 

By: Simone Liedtke     1st August 2019 Road construction tenders to the value of more than R40-billion will come to the market over the next two to three years, the South African National Roads Agency Limited (Sanral) announced on Thursday. Engineering executive Louw Kannemeyer said that there would be a surge in road construction... 

Sanral to issue tenders worth R40bn over next three years

SAREC dismisses Eskom claim that IPPs account for 25% of its primary energy costs  

By: Creamer Media Reporter      31st July 2019 The South African Renewable Energy Council (SAREC) has questioned an Eskom claim that independent power producers (IPPs) accounted for 25% of its primary energy costs in 2018/19, while supplying only 5% of the grid’s energy requirements. In a statement released following the release of financial... 

SAREC dismisses Eskom claim that IPPs account for 25% of its primary energy costs

Lack of funding, Autopax fingered in preliminary public transport inquiry findings 

By: Irma Venter     31st July 2019 Autopax, the Passenger Rail Agency of South Africa (PRASA) and insufficient funding are all potentially distorting competition in the public transport sector, this according to the preliminary findings of the Competition Commission’s Public Passenger Transport Market Inquiry (PPTMI). Autopax is... 

Lack of funding, Autopax fingered in preliminary public transport inquiry findings

Denel assures that it will take action against former executives accused of wrongdoing 

By: Rebecca Campbell     31st July 2019 State-owned defence industrial group Denel gave the assurance, on Wednesday, that it would soon start legal actions to recover losses from fraud and misappropriation. These would be the result of several forensic investigations into the actions of the group’s previous management. “We started... 

Denel assures that it will take action against former executives accused of wrongdoing

Digital twinning, robotic testing, hydrogen trains and the railways 

By: Irma Venter     30th July 2019 There are numerous digital technologies available to help develop the railway systems of the future, says University of Birmingham Centre for Railway Research and Education director Professor Clive Roberts. Roberts also leads the UK Rail Research and Innovation Network (UKRRIN) digital systems... 

Digital twinning, robotic testing, hydrogen trains and the railways

Unemployment rate rises to record 29% 

By: Simone Liedtke     30th July 2019 South Africa’s official unemployment rate has increased by 1.4 percentage points to 29%, Statistics South Africa’s latest Quarterly Labour Force Survey shows. This is the country’s highest unemployment rate since the first quarter of 2008. 

Unemployment rate rises to record 29%

Mabuza appointed acting CEO at struggling Eskom 

By: Reuters     29th July 2019 Jabu Mabuza has been appointed acting CE of troubled power utility Eskom following a board meeting on Monday, Public Enterprises Minister Pravin Gordhan said. "I have informed the Eskom annual general meeting this afternoon of my decision to appoint Mr Jabu Mabuza as the interim executive... 

Jabu Mabuza
Photo by Creamer Media's Dylan Slater
Jabu Mabuza

Telecoms policy proposes shared approach to spectrum to open market 

By: Natasha Odendaal     29th July 2019 The Department of Communications and Digital Technologies has released the long-awaited Policy on High Demand Spectrum, along with the Policy Direction on the Licensing of a Wireless Open-Access Network. The policies suggest the Independent Communications Authority of South Africa assign the high... 

Stella Ndabeni-Abrahams
Photo by Creamer Media
Stella Ndabeni-Abrahams

AIH, PAC form new SA company to tackle automotive projects 

By: Irma Venter     29th July 2019 Automotive Investment Holdings (AIH) and the PAC Group (PAC) have inked a deal for the formation of the PAC Group South Africa (PAC SA). The new company is 51% owned by AIH and 49% owned by PAC. 

PAC Group CEO Shah Firoozi
PAC Group CEO Shah Firoozi

Japan funding plastic waste research project in South Africa 

By: Rebecca Campbell     26th July 2019 Japan is funding a joint research programme into plastic waste and alternative materials in South Africa. The programme will run for three years, paid for by a Japanese grant of $1.8-million. It will be jointly implemented by the United Nations Industrial Development Organisation and South... 

Eskom’s review of Nersa rulings draws direct link between debt surge and ‘inadequate tariff’ 

By: Terence Creamer     26th July 2019 State-owned electricity utility Eskom’s court papers challenging two recent price determinations by the National Energy Regulator of South Africa (Nersa) include a detailed financial analysis showing a direct correlation between its surging debt levels and what it describes as years of “chronic... 

Eskom’s review of Nersa rulings draws direct link between debt surge and ‘inadequate tariff’

Japan, UN agency and CSIR to jointly research plastic waste in South Africa 

By: Rebecca Campbell     26th July 2019 Japan and the United Nations Industrial Development Organisation signed an agreement at the Council for Scientific and Industrial Research in Pretoria on Friday, to cooperate to counter plastic pollution in South Africa. The CSIR will work jointly with UNIDO to implement the agreement.  

Japanese Ambassador to South Africa Norio Maruyama
Photo by Creamer Media's Dylan Slater
Japanese Ambassador to South Africa Norio Maruyama

Poultry importers, producers in standoff over proposed import tariffs  

By: Simone Liedtke     25th July 2019 The standoff between South African poultry producers and importers, about proposed import tariff increases continues. A decision to implement tariff increases of up to 82% on chicken imported from non-European Union (EU) and non-Southern African Development Community (SADC) countries could result... 

AMIE CEO Paul Matthew
Photo by Creamer Media's Simone Liedtke
AMIE CEO Paul Matthew

Advocate Sandra Coetzee appointed acting IPP Office head 

By: Terence Creamer     25th July 2019 The Development Bank of Southern Africa (DBSA) announced on Thursday that Advocate Sandra Coetzee had been appointed acting head of the Independent Power Producers Office (IPPO), pending the recruitment of a permanent replacement for Karen Breytenbach, who confirmed this week that she had left... 

Advocate Sandra Coetzee
Advocate Sandra Coetzee

Spectrum policy to be issued in the next few days 

By: Natasha Odendaal     25th July 2019 Cabinet has approved the latest iteration of the long-awaited Policy and Policy Direction for the Licensing of the High Demand Spectrum. It is expected that Communications Minister Stella Ndabeni-Abrahams will, within the next few days, issue the Cabinet-approved final policy and brief the media. 

Stella Ndabeni-Abrahams
Photo by Creamer Media's Dylan Slater
Stella Ndabeni-Abrahams

New transport DG to prioritise PRASA security 

By: Tasneem Bulbulia     24th July 2019 Transport Minister Fikile Mbalula on Wednesday announced Alec Moemi as the new director-general of the Department of Transport, effective August 1. Moemi was the former Department of Sports and Recreation director-general. 

Transport Minister Fikile Mbalula
Photo by Creamer Media's Dylan Slater
Transport Minister Fikile Mbalula

IRP to be out of date by time of Cabinet approval as a result of protracted talks 

By: Terence Creamer     24th July 2019 The protracted nature of the ongoing consultation process for updating the Integrated Resource Plan (IRP) will result in the plan being immediately out of date when Cabinet finally approves it later this year. In fact, South African Independent Power Producer Association general-secretary Dave... 

IRP to be out of date by time of Cabinet approval as a result of protracted talks

Transport society wants Mbalula to draft planning progamme to 2050 

By: Irma Venter     24th July 2019 A large number of people believed South Africa would never be able to host the 2010 FIFA Soccer World Cup, yet the country organised this global event to international acclaim, says Intelligent Transport Society South Africa (ITSSA) CEO Dr Paul Vorster. How did this happen? 

Transport society wants Mbalula to draft planning progamme to 2050

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 chief business development officer Gert de Beer and IFC regional manager for infrastructure and natural resources Marcel Bruhwiler
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... 

Finance Minister Tito Mboweni
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.  

PRASA AFRO4001
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 head office, Megawatt Park
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
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