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Audio Articles

DMR hopeful about shale gas prospects 

By: Kim Cloete     29th November 2018 The Department of Mineral Resources (DMR) and the Council for Geoscience (CGS) are upbeat about the prospect of shale gas in the Karoo. “Gas formations are starting to show already,” Mineral Resources Minister Gwede Mantashe told oil and gas investors at an event in Cape Town on Thursday. He said... 

Denel needs partners soon to survive – Wakeford 

By: Reuters     29th November 2018 South Africa's defence industry is facing a crisis as the State-owned arms maker Denel struggles to survive, and rapidly agreeing equity partnerships is the only way to save it, one of the country's top defence officials told Reuters. Denel's woes put at risk an industry estimated to directly... 

Mantashe lifts moratorium on oil, gas applications to kickstart exploration  

By: Kim Cloete     29th November 2018 Mineral Resources Minister Gwede Mantashe has announced he will amend the moratorium currently in place for the oil and gas sector, to allow for the processing of applications currently in the system. The moratorium, which was originally put in place in June, restricts the granting of... 

Mineral Resources Minister Gwede Mantashe
Mineral Resources Minister Gwede Mantashe

Another Eskom equity injection mooted amid R15bn loss warning   

By: Terence Creamer     28th November 2018 South Africa’s debt-laden electricity utility Eskom is in discussions with government about yet another equity injection, as well as various possible “debt-relief” options, as part of a turnaround plan, which chairperson Jabu Mabuza insists needs to be implemented immediately if the company is to... 

chairperson Jabu Mabuza
Eskom chairperson Jabu Mabuza on the utility's dire financial position and the board's proposed turnaround plan. Camera Work & Editing: Nicholas Boyd. 28.11.18

SAPP to prioritise Malawi, Tanzania, Angola for regional grid integration 

By: Marleny Arnoldi     28th November 2018 The Southern African Power Pool (SAPP) will prioritise connecting Malawi, Tanzania and Angola to the regional electricity grid by 2021, with an additional 22 000 MW of electricity generation capacity to be added to the regional grid by 2022. The SAPP currently serves around 300-million people,... 

Department of Energy to review how it costs basic fuel price 

By: News24Wire      28th November 2018 The department of energy has invited public comments on how it calculates the underlying prices of fuel, diesel and illuminating paraffin, known as the Basic Fuel Price (BFP). This is the price of fuel before taxes, transport, and other costs are added.  

 Department of Energy to review how it costs basic fuel price

Eskom, AfDB sign loan agreement to expand power pool in Southern Africa 

By: Simone Liedtke     27th November 2018 The African Development Bank group (AfDB) and South African power utility Eskom on Tuesday signed a loan agreement to the value of nearly R2.9-billion, or about $25-million, to improve power transmission across Southern Africa. This project contributes to the realisation of the AfDB’s New Deal on... 

Eskom acting CFO Calib Cassim
Photo by Dylan Slater
Eskom acting CFO Calib Cassim

Omnia sees R695m nitrophosphate investment as fertiliser ‘game changer’ 

By: Terence Creamer     27th November 2018 Diversified chemicals group Omnia says its innovative nitrophosphate plant under construction in Sasolburg will materially improve the company’s overall competitiveness in the production of fertilisers, despite an upward revision to the project’s capital cost. Omnia reported on Tuesday that the... 

Omnia's nitrophosphate plant under construction
Omnia's nitrophosphate plant under construction

SAA needs R7.5bn in working capital from next month  

By: Reuters     27th November 2018 Cash-strapped State-owned airline South African Airways (SAA) will need R7.5-billion from next month to fund day-to-day operations into 2019, a presentation by the airline showed on Tuesday. SAA, which has not generated a profit since 2011, survives on State guarantees and is regularly cited by... 

SAA needs R7.5bn in working capital from next month

National Minimum Wage a ‘positive step’ towards stable labour relations in South Africa – Busa 

By: Simone Liedtke     26th November 2018 Business Unity South Africa (Busa) says the signing into law of the National Minimum Wage (NMW) Bill is a “positive step” towards stabilising South Africa’s labour relations environment and signals the country’s commitment to social reform. This is against the backdrop of South Africa’s labour... 

Busa CEO Tanya Cohen
Photo by Dylan Slater
Busa CEO Tanya Cohen

Nonprofit manufacturing institute opens in KwaZulu-Natal to support industrialisation of Africa 

By: Simone Liedtke     26th November 2018 South Africa’s newest manufacturing institute and academic research hub – the Toyota Wessels Institute for Manufacturing Studies (TWIMS) – was officially launched on Monday. TWIMS is incorporated as a nonprofit organisation and was established with funding from the Toyota South Africa Educational... 

Toyota South Africa Motors chairperson and Toyota Europe president and CEO Dr Johan van Zyl, Toyota South Africa Educational Trust member Elisabeth Bradley, Trade and Industry Minister Dr Rob Davies and GIBS dean Professor Nicola Kleyn
Photo by Simone Liedtke
Toyota South Africa Motors chairperson and Toyota Europe president and CEO Dr Johan van Zyl, Toyota South Africa Educational Trust member Elisabeth Bradley, Trade and Industry Minister Dr Rob Davies and GIBS dean Professor Nicola Kleyn

Toyota South Africa will not produce the new generation Corolla  

By: Irma Venter     26th November 2018 Toyota South Africa Motors (TSAM) will not produce the new, twelfth-generation Corolla, unveiled earlier this month, the company confirmed on the weekend. “The next-generation Corolla will not be manufactured locally, but will be imported as a completely built up product,” TSAM told Engineering... 

The new, twelfth-generation Corolla
The new, twelfth-generation Corolla

Transnet halts Durban port berths project over tender probe  

By: Reuters     23rd November 2018 Transnet said on Friday it would stop a R7-billion ($505-million) project to deepen berths at Africa's biggest container terminal in the port city of Durban until a dispute over the awarding of a contract is resolved. Transnet, which operates nearly three-quarters of the African rail network,... 

South Africa realigns auto incentives as it seeks to raise local content to 60% by 2035 

By: Terence Creamer     23rd November 2018 South Africa’s revamped automotive industry framework places local content at the centre of any future support for the industry, with government having set a target of raising local content from less than 40% currently to 60% by 2035. The local-content target is outlined in the newly released... 

South Africa realigns auto incentives as it seeks to raise local content to 60% by 2035

WesBank departs Car of the Year, seeks ‘modernised’ approach to industry competitions  

By: Irma Venter     23rd November 2018 Vehicle and asset finance company WesBank is no longer the headline sponsor of the South African Guild of Motoring Journalists’ (SAGMJ’s) Car of the Year (COTY) competition. WesBank has sponsored the annual COTY competition for 32 consecutive years. There have been 33 COTY competitions to date. 

WesBank departs Car of the Year, seeks ‘modernised’ approach to industry competitions

Ramaphosa merges Ministries in Cabinet reshuffle 

By: Sashnee Moodley     22nd November 2018 President Cyril Ramaphosa announced on Thursday in his much anticipated Cabinet reshuffle the merging of the Telecommunications and Postal Services Ministry with the Communications Ministry, under the leadership of Minister Stella Ndabeni-Abrahams. The merger will take place after the 2019... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Cabinet approves extension of motor industry support programme to 2035 

By: Irma Venter     22nd November 2018 Cabinet announced on Thursday that it had approved the extension of the Automotive Production and Development Programme (APDP) from 2021 to 2035. The government support programme for the domestic vehicle manufacturing industry was originally scheduled to come to an end in 2020. 

Cabinet approves extension of motor industry support programme to 2035

Carbon Tax Bill provides for tax-free allowances of up to 95%, but concern over impact persists 

By: Terence Creamer     22nd November 2018 South Africa’s National Treasury has included several transitional tax-free allowances in the Carbon Tax Bill tabled in Parliament this week. The allowances will result in an effective carbon tax rate of between R6/t and R48/t for carbon dioxide-equivalent (CO2e) emissions released by industrial... 

Carbon Tax Bill provides for tax-free allowances of up to 95%, but concern over impact persists

Audit results of government departments show a shocking decline 

By: Kim Cloete     21st November 2018 The Auditor-General has been given more powers to crack down on national and provincial government department and their entities. This follows another year of overall decline in their audit results, with a rise in wasteful and irregular expenditure and weak financial controls. Releasing his... 

Auditor-General Kimi Makwetu
Auditor-General Kimi Makwetu

Eskom warns its debt could reach R550bn 

By: African News Agency      21st November 2018 Eskom's financial situation will remain dire for the next few years with a risk its debt burden would grow from R400-billion to some R550-billion in the foreseable future, the power utility's CEO Phakamani Hadebe conceded on Wednesday. "The institution is really under severe financial strain,"... 

Eskom CEO Phakamani Hadebe
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

Datsun adds features to Go as competition heats up in entry-level market 

By: Irma Venter     21st November 2018 Datsun South Africa has sold just under 25 000 new Datsuns onto the local market since its launch in April 2014, says Datsun South Africa marketing manager Tessa Cooke. The revived entry-level Japanese brand has two products available in South Africa, namely the Go hatchback and the Go+... 

The refreshed Datsun Go
The refreshed Datsun Go

MCIT unchanged at 58 index points for Q3, drop to 50 expected for Q4 

By: Marleny Arnoldi     20th November 2018 The Manufacturing Circle Investment Tracker (MCIT) for the third quarter of 2018 revealed stable investment spending in line with industry expectation and firmly above the neutral 50-point mark, with the overall index flat at 58 index points. Albeit stable on a quarter-on-quarter basis, the... 

2018 new-vehicle sales, exports flat, but 2019 offers some hope, says Naamsa 

By: Irma Venter     20th November 2018 In its latest quarterly report, the National Association of Automobile Manufacturers of South Africa (Naamsa) says it expects South African new-vehicle sales to reach 558 000 units this year, inching up from last year’s 557 701 units. At this point in time, the association expects only a marginal... 

2018 new-vehicle sales, exports flat, but 2019 offers some hope, says Naamsa

Ford starts production of Raptor engine in Port Elizabeth 

By: Irma Venter     20th November 2018 The Ford Struandale engine plant, in Port Elizabeth, has started production of the new-generation diesel engines that are set to power the Ford Ranger Raptor and selected Ranger and Everest models that will be launched in the first half of 2019. The Port Elizabeth facility opened its doors in... 

Ford starts production of Raptor engine in Port Elizabeth

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns 

By: Terence Creamer     16th November 2018 South Africa’s power utility Eskom reports that it has received approval for the National Treasury from the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations. More than 1.1-million tons have already... 

Eskom CEO Phakamani Hadebe
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

Regulator approves restart of NTP’s isotope production facility 

By: Marleny Arnoldi     16th November 2018 NTP Radioisotopes on Friday confirmed that the National Nuclear Regulator (NNR) had given it the go-ahead to resume production of essential medical radioisotopes at its Pelindaba facility. NTP, which is a subsidiary of State-owned South African Nuclear Energy Corporation (Necsa), will start with... 

Regulator approves restart of NTP’s isotope production facility

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet 

By: News24Wire      16th November 2018 National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic... 

Former Home Affairs Minister Malusi Gigaba
Photo by Bloomberg
Former Home Affairs Minister Malusi Gigaba

Own revenue generation enables Gauteng to extend budget allocation by R1.9bn  

By: Marleny Arnoldi     15th November 2018 Finance MEC Barbara Creecy has increased the Gauteng Provincial Government’s budget by R1.9-billion to R123.2-billion, compared with the R121.4-billion budget that was announced in March. Presenting the Adjustment Budget and Medium Term Budget Policy Statement in the Gauteng Legislature, on... 

Sappi mulls further Saiccor expansion as it moves ahead with R7.7bn project 

By: Terence Creamer     15th November 2018 JSE-listed forest products group Sappi has confirmed that it is considering a further expansion of its giant Saiccor dissolving wood pulp (DWP) mill in KwaZulu-Natal, having only recently pulled the trigger on a R7.7-billion investment to expand output at the facility by 110 000 t/y. An... 

The Saiccor mill
The Saiccor mill

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury 

By: African News Agency      15th November 2018 The revenue for South African municipalities is expected to rise to R431.5-billion in 2019/20 and R462.5-billion in 2020/21 from a budgeted R404.6-billion for 2018/19, the National Treasury said on Thursday. In a statement on the medium term revenue and expenditure framework for municipalities,... 

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes 

By: Terence Creamer     14th November 2018 Debt-laden electricity utility Eskom is preparing for yet another bruising encounter with consumers in the coming months, during which it will seek to justify it latest R762-billion, three-year revenue application. If successful with its fourth multiyear price determination (MYPD4) application,... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes

Investment pledges will add about R338bn to South Africa’s economic growth – PwC 

By: Tasneem Bulbulia     14th November 2018 The proposed investment pledges announced during the Presidential Investment Summit in October could add about R338-billion to South Africa’s gross domestic profit (GDP) between 2019 and 2024, says PwC. President Cyril Ramaphosa stated at the conference that “nearly R290-billion” had been pledged... 

Motus about more than car sales, says acting CEO 

By: Irma Venter     14th November 2018 Motus is on track to list on the JSE on November 22, in the specialised retail sector, following the unbundling of the Imperial group into its two main businesses: Imperial Logistics and Motus, with the latter housing all of its automotive related activities. Imperial was, in fact, founded as a... 

Ockert Janse van Rensburg
Ockert Janse van Rensburg

Electrifying the world no panacea for global warming, IEA says  

By: Bloomberg     13th November 2018 Driving electric cars and scrapping your natural gas-fired boiler won’t make a dent in global carbon emissions, and may even increase pollution levels. Higher electrification may lead to oil demand peaking by 2030, but any reduction in emissions from the likes of electric vehicles will be offset... 

IEA warns of damaging price spikes if weak oil investment left unchecked 

By: Terence Creamer     13th November 2018 The International Energy Agency (IEA) is cautioning of “damaging price spikes in the 2020s” if the current weak investment in new oil supply is “left unchecked”. The agency states that the average level of new conventional crude oil project approvals over the last three years is only half the... 

IEA warns of damaging price spikes if weak oil investment left unchecked

Defence sector code gazetted 

By: Marleny Arnoldi     12th November 2018 Trade and Industry Minister Dr Rob Davies expects transformation in South Africa’s defence sector to gain traction, following the gazetting, on Monday, of the Defence Sector Code in terms of Section 9(1) of the Broad-Based Black Economic Empowerment Amendment Act. Davies says the development of... 

Vodacom posts H1 uptick  

By: Natasha Odendaal     12th November 2018 JSE-listed Vodacom on Monday posted growth across the board for the first half of the 2019 financial year, with service revenue up 6.1% to R36.8-billion and group revenue up 5.6% to R44.4-billion. During the six months ended September 30, the group achieved headline earnings a share of 385c, a 6%... 

South Africa needs an ‘explicit’ digital industrial policy 

By: Terence Creamer     12th November 2018 Trade and Industry Minister Dr Rob Davies is warning that unless South Africa develops and “explicit digital industrial policy” there is no guarantee that the potential benefits of the so-called Fourth Industrial Revolution will outweigh the disadvantages. South Africa has had an official... 

Trade and Industry Minister Dr Rob Davies
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies
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