https://www.engineeringnews.co.za
R/€ = 16.74 Change: -0.01
R/$ = 15.81 Change: 0.03
Au 1852.73 $/oz Change: 9.02
Pt 964.50 $/oz Change: -4.49
 

Audio Articles

NUM calls for reskilling of Eskom workers to equip them for clean-energy jobs  

By: Terence Creamer     30th April 2019 The National Union of Mineworkers (NUM) has called for greater attention to be given to the reskilling of Eskom workers “so that they can be absorbed” into clean-energy technology work opportunities. In a statement released following a meeting of its national executive committee in Gauteng, the... 

NUM calls for reskilling of Eskom workers to equip them for clean-energy jobs

Nedbank reports ‘overwhelmingly positive’ response to pioneering renewable-energy bond 

By: Terence Creamer     30th April 2019 Financial services group Nedbank reported an “overwhelmingly positive” market response on Tuesday to its pioneering listing of a renewable-energy bond on the Green Bond Segment of the JSE. Nedbank became the first South African bank to list such an instrument on the bourse’s platform, which was... 

Bruce Stewart (holding Vuvuzela) at the listing on April 30 of the Nedbank Renewable Energy Bond
Bruce Stewart (holding Vuvuzela) at the listing on April 30 of the Nedbank Renewable Energy Bond

SAA agrees debt rollover deal in principle – CEO 

By: Reuters     30th April 2019 State-owned South African Airways has reached an agreement in principle with lenders to roll over $642-million of debt, its CEO said on Tuesday, giving him room to execute a turnaround aimed at weaning the airline off government bailouts. President Cyril Ramaphosa has made a point of supporting... 

SAA agrees debt rollover deal in principle – CEO

KZN floods cause damage of over R1bn, province wants disaster declared 

By: News24Wire      29th April 2019 The cost of damage to various parts of KwaZulu-Natal following last week's heavy rains and localised flooding has run into billions of rand, Premier Willies Mchunu said on Monday. "The estimated damage currently stands at R1.1-billion, with the eThekwini damage alone estimated at over... 

KZN floods cause damage of over R1bn, province wants disaster declared

Zambia sets sights on yet more solar as another 34 MW is connected to grid 

By: Terence Creamer     29th April 2019 The 34 MW Ngonye solar photovoltaic plant, in Zambia, has been connected to the country’s grid and has started operations. Once fully up and running, the facility is expected to produce about 70 GWh of electricity yearly and help the Southern African country diversify its power mix away from its... 

Zambia sets sights on yet more solar as another 34 MW is connected to grid

Sugar industry advised to diversify product offering, enter niche product markets 

By: Marleny Arnoldi     29th April 2019 Trade and Industry Minister Dr Rob Davies and the South African Cane Growers Association have agreed that increases in sugar imports in South Africa have an unavoidable impact on the competitiveness of the local sugar industry and that certain measures were necessary to restore its... 

Sugar industry advised to diversify product offering, enter niche product markets

Nzimande announces Revised Taxi Recapitalisation Programme  

By: Tasneem Bulbulia     26th April 2019 Transport Minister Dr Blade Nzimande on Friday announced government interventions to transform the minibus taxi industry, through revising the Taxi Recapitalisation Programme. The Revised Taxi Recapitalisation Programme resumed in March with the appointment of a new service provider, Anthus... 

Nzimande announces Revised Taxi Recapitalisation Programme

Nedbank commits to further investment in Youth Employment Service 

By: Marleny Arnoldi     26th April 2019 Nedbank has agreed to sponsor 3 315 youths between the ages of 18 and 29 for paid work experience over the 12 months from May 1. This forms part of the bank’s funded skills development programme run with the Youth Employment Service (YES). The agreement, dubbed the CEO Pledge, was signed by... 

YES CEO Tashmia Ismail-Saville and Nedbank CEO Mike Brown sign the CEO pledge
Photo by Creamer Media's Dylan Slater
YES CEO Tashmia Ismail-Saville and Nedbank CEO Mike Brown sign the CEO pledge

Long period of backsliding masks genuine promise South Africa still holds 

By: Terence Creamer     26th April 2019 It was the best of times, it was the worst of times, it was the age of political inclusion, it was the age of income inequality, it was the epoch of human dignity, it was the epoch of neglect and corruption, it was the season of electricity access, it was the season of load-shedding, it was... 

Long period of backsliding masks genuine promise South Africa still holds

Poultry association says importers should support local jobs 

By: African News Agency      25th April 2019 The South African Poultry Association (SAPA) said on Thursday it was concerned about what it called irresponsible claims by a consumer protection body and a new organisation for black chicken importers and exporters in support of predatory trade from Brazil, at the expense of local jobs. Last... 

Barloworld optimistic ‘black public’ will take up offer to invest in new property group 

By: Terence Creamer     25th April 2019 Industrial group Barloworld is optimistic that qualifying black South Africans will respond positively to its offer to buy a maximum of 30% of the shares available in a new black-owned property company, called Khula Sizwe Property Holdings, being created as part of a larger R3.5-billion... 

Barloworld to sell 68 mostly industrial properties to Khula Sizwe
Barloworld to sell 68 mostly industrial properties to Khula Sizwe

SA Mint commemorates 25 years of democracy with three collectable coins 

By: Marleny Arnoldi     25th April 2019 South African Reserve Bank subsidiary South African Mint Company has launched an “SA25 – Celebrating South Africa” coin series, which commemorates the rights and freedoms espoused by the country’s Constitution. This week, 25 years ago, South Africa held its first democratic elections. The SA Mint... 

Sa Mint's SA25 - Celebrating South Africa coin series
Sa Mint's SA25 - Celebrating South Africa coin series

CSIR analysis highlights positive contribution of renewables during 2019 load-shedding periods  

By: Terence Creamer     24th April 2019 South Africa’s fleet of utility-scale variable renewable energy plants contributed to limiting the extent of load-shedding instituted by Eskom during the first quarter of 2019 by 46%, new analysis by the Council for Scientific and Industrial Research research shows. The report adds that, absent... 

CSIR analysis highlights positive contribution of renewables during 2019 load-shedding periods

FAW SA aims to produce 1 200 trucks at its Coega plant this year 

By: Irma Venter     24th April 2019 FAW Vehicle Manufacturers South Africa (FAW SA) aims to assemble 1 200 trucks at its Coega plant, in the Eastern Cape, this year, slightly up from the 1 153 units produced last year. FAW SA sales and marketing GM Cheng Zhang says the local arm of the Chinese truck giant sold 986 units in the... 

Cheng Zhang
Cheng Zhang

Bank report points to transport being next decarbonisation frontier 

By: Terence Creamer     24th April 2019 Newly released research by international banking group HSBC outlines a scenario for reducing transport emissions by 76% by 2040 through combining technology and regulation in a way that results in electricity, hydrogen and biofuels replacing oil as the primary fuel feedstock across transport... 

Bank report points to transport being next decarbonisation frontier

Defy South Africa celebrates R1.2bn investment milestone 

By: Shirley le Guern     23rd April 2019 A R121-million brownfield development at the Defy plant, in Jacobs, Durban, has seen the addition of an automated plant to manufacture top loader washing machines for both the local and export markets. Defy South Africa CEO Evren Albas, Turkish holding company Arçelik Global chief technology... 

Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies

South African premium car market faces another tough year 

By: Irma Venter     23rd April 2019 The South African premium car market has seen four years of decline, ending 2018 below 50 000 units, says BMW Group South Africa CEO Tim Abbott. The first quarter of this year has also not signaled a turnaround, with sales below that of the first three months of 2018, he adds. The previous peak... 

Tim Abbott
Tim Abbott

Sandton’s Leonardo an example of South Africa’s architectural future, says Co-Arc 

By: Simone Liedtke     23rd April 2019 The nascent Fourth Industrial Revolution and the resultant information revolution will affect South African architecture “quite markedly” moving forward, South African architecture firm Co-Arc International Architects director Patrick McInerney tells Engineering News Online, adding that... 

The Leonardo building, which is still under construction, pictured against the Sandton skyline
The Leonardo building, which is still under construction, pictured against the Sandton skyline

Van der Merwe to lead establishment of Gauteng Transport Authority 

By: Irma Venter     18th April 2019 Gautrain Management Agency (GMA) CEO Jack van der Merwe will, in the short term, steer the establishment of the Gauteng Transport Authority (GTA), says Gauteng Roads and Transport MEC Dr Ismail Vadi. ‘Short term’ refers to a period of six months. Van der Merwe will remain in his position as... 

Gauteng Roads and Transport MEC Dr Ismail Vadi and GMA CEO Jack van der Merwe
Photo by Creamer Media
Gauteng Roads and Transport MEC Dr Ismail Vadi and GMA CEO Jack van der Merwe

Sasol reports stabilisation in synfuels output  

By: Terence Creamer     18th April 2019 Chemicals and energy group Sasol reports that output at its Secunda Synfuels Operations (SSO) stabilised in the third quarter, following the total shutdown of the West factory during the first half of its 2019 financial year, which had negatively affected production. In a note to shareholders,... 

Sasol reports stabilisation in synfuels output

Load-shedding may cut growth close to zero, SARB says 

By: Bloomberg     18th April 2019 South Africa’s power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the South African Reserve Bank (SARB) said. The wave of rolling blackouts that started in November and are among the worst the country has yet experienced could... 

SARB deputy governor Kuben Naidoo
SARB deputy governor Kuben Naidoo

Eskom CEO says 'days of surprises' over as problems exposed 

By: Bloomberg     17th April 2019 Almost 15 months into the job, and the boss of South Africa’s state-owned electricity company is getting to grips with issues spanning corruption to defective power plants that threatened to collapse the grid. “The days of surprises are over,” Eskom Holdings CEO Phakamani Hadebe said in an... 

South Africa's decline worst of nations not at war, model shows   

By: Bloomberg     17th April 2019 South Africa’s performance on a range of social, economic and governance measures deteriorated more in the past 12 years than any other nation not at war, according to Eunomix Business & Economics. The decline is likely to continue as the country wrestles with the consequences of nine years of... 

South Africa's decline worst of nations not at war, model shows

S&P Global downgrades Cell C on liquidity risks 

By: Creamer Media Reporter      17th April 2019 Ratings agency S&P Global Ratings has downgraded South Africa’s third largest mobile operator Cell C to 'CCC-', with a developing outlook, on the back of considerable short-term liquidity and refinancing risks. The mobile operator’s rating was lowered from ‘CCC+’ and ‘B-‘ on S&P’s issuer credit... 

EOH shares surge as restructuring takes form 

By: Schalk Burger     16th April 2019 JSE-listed information and communication technology (ICT) service provider EOH’s share price rose by 55.76% on Tuesday as the company reported its financial results for the six months ended January 31. The company reported a loss for the six months of R3.3-billion mainly owing to one-off costs... 

Policy and regulatory malaise undermining efforts to address power deficit  

By: Terence Creamer     16th April 2019 Lingering policy uncertainty and regulatory delays are continuing to impede the development of hundreds of small-scale embedded generation (SSEG) projects, which are seen at the quickest and cheapest way for South Africa to address its current electricity supply deficit. The South African... 

Policy and regulatory malaise undermining efforts to address power deficit

Fourth Industrial Revolution Centre launched in South Africa  

By: Rebecca Campbell     16th April 2019 South African Science and Technology Minister Mmamoloko Kubayi-Ngubane on Tuesday highlighted that the country's future development probably depended on how fast it mastered the technologies of the Fourth Industrial Revolution. She was addressing a breakfast forum to mark the setting up of a... 

Science and Technology Minister Mmamaloko Kubayi-Ngubane
Photo by Creamer Media's Dylan Slater
Science and Technology Minister Mmamaloko Kubayi-Ngubane

Global finance chiefs prepared to 'act promptly' on growth 

By: Bloomberg     15th April 2019 Global finance ministers and central bankers are prepared to “act promptly” to shore up growth in a world economy that faces downside risks including trade tensions, according to a statement issued Saturday. While growth is projected to firm up in 2020, “risks remain tilted to the downside,”... 

South African Reserve Bank governor Lesetja Kganyago
Photo by Bloomberg
South African Reserve Bank governor Lesetja Kganyago

Council, Minister discuss BBBEE achievements, shortfalls   

By: Creamer Media Reporter      15th April 2019 The Broad-Based Black Economic Empowerment (BBBEE) Advisory Council last week conceded that the generic 25% black ownership target across industries should be inclusive of active participation of the beneficiaries and not passive involvement. The council met with Trade and Industry Minister Dr... 

Activists push South African pension funds to tally climate costs  

By: Bloomberg     15th April 2019 Pension funds in South Africa have a legal obligation to account for the financial effects of climate change on their investments, according to two groups lobbying money managers to pay closer attention to the issue. Shareholder activists Just Share and environmental law organisation ClientEarth... 

Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts 

By: Terence Creamer     12th April 2019 State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers (OEMs) supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in... 

Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts

South Africa must do 'a lot more' work to improve credit ratings – S&P 

By: News24Wire      12th April 2019 It has been two years since Standard & Poor's downgraded South Africa's foreign currency debt to junk status, and the sticking point is its weak economic performance, an official of S&P Global Ratings has said. Speaking during a panel discussion at the S&P Global Annual South Africa Conference... 

South Africa must do 'a lot more' work to improve credit ratings – S&P

Supportive policy held up as key to unlocking Africa’s auto ambitions 

By: Irma Venter     12th April 2019 Policy certainty and flexible thinking will play an important role as Africa increasingly look to the automotive industry to grow its industrialisation footprint, says Thomas Schaefer, chairperson and MD at Volkswagen Group South Africa (VWSA), as well as chairperson of the African Association of... 

Supportive policy held up as key to unlocking Africa’s auto ambitions

SME sector ‘critical’ to growing South Africa’s economy – Pityana  

By: Simone Liedtke     11th April 2019 Business Unity South Africa (Busa) president Sipho Pityana on Thursday said the organisation would convene a Small Business Working Group to obtain the view of small and medium-sized enterprises (SMEs) to further determine the challenges facing the SME sector and seek solutions to those... 

Busa president Sipho Pityana
Photo by Creamer Media's Dylan Slater
Busa president Sipho Pityana

Brexit deadline extension positive for South Africa – Parsons  

By: Tasneem Bulbulia     11th April 2019 The extension of the Brexit deadline to October 31 and avoiding a “no deal” Brexit outcome this week will give South Africa space to maintain continuity and predictability in its important trade relations with the UK and the European Union (EU), says North West University (NWU) Business School... 

Seifsa ‘disappointed’ by slower Feb manufacturing output growth 

By: Marleny Arnoldi     11th April 2019 The latest preliminary data published by Statistics South Africa (Stats SA) indicates that production in the broader manufacturing sector grew at a slower pace in February than in January. On a continuous three-monthly basis, output in the manufacturing sector has been volatile, increasing from... 

Seifsa economist Michael Ade
Photo by Creamer Media's Dylan Slater
Seifsa economist Michael Ade

First ever image of Black Hole released by international consortium 

By: Rebecca Campbell     10th April 2019 The international science consortium called the Event Horizon Telescope (EHT) on Wednesday unveiled, in six simultaneous press conference around the world, the first image ever taken of a Black Hole. The object imaged was the supermassive Black Hole in the centre of the M87 galaxy, 55-million... 

First image of a black hole
Photo by Event Horizon Telescope Collaboration
First image of a black hole

Nissan invests R3bn in Rosslyn plant to build Navara pickup  

By: Irma Venter     10th April 2019 Japanese vehicle manufacturer Nissan will invest R3-billion to prepare its Rosslyn plant, in Pretoria, for production of the Navara pickup.  Assembly will start in November 2020, and will add to current production of the NP300 one-ton bakkie and NP200 half-ton bakkie, which is set to continue. 

Nissan Group of Africa MD Mike Whitfield
Photo by Creamer Media's Dylan Slater
Nissan Group of Africa MD Mike Whitfield
51 52 53 54
55
56 57 58 59

Latest News

more

Real Economy Report

more

Second Take

more

SAFM

more

Topics In These Articles

 ...    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
Subscribe Now
Free daily email newsletter Register Now