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Audio Articles

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... 

Saftu general-secretary Zwelinzima Vavi
Photo by Creamer Media
Saftu general-secretary Zwelinzima Vavi

Eberhard calls for renewables to play a far greater role in South Africa 

By: Kim Cloete     7th May 2019 Energy expert Anton Eberhard has called for renewable energy to play a far greater role in South Africa, adding that solar and wind energy had saved the country from what could have been a far darker place during the recent spate of load-shedding. “Independent power producers have mitigated... 

Anton Eberhard
Photo by Creamer Media
Anton Eberhard

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls  

By: Terence Creamer     6th May 2019 The International Energy Agency has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018, which, at 180 GW, remained in line with additions recorded in 2017. It was the first time since 2001 that year-on-year additions of renewable energy failed to... 

IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls

Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds 

By: Simone Liedtke     6th May 2019 French integrated oil and gas company Total has reached a binding agreement with Occidental Petroleum to acquire Anadarko’s assets in Africa for $8.8-billion in the event of the successful completion of Occidental’s takeover bid for Anadarko. The transaction hinges on Occidental entering into and... 

Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds

South African private sector activity grows in April as electricity crunch eases – PMI 

By: Reuters     6th May 2019 Activity in South Africa's private sector grew in April, a survey showed on Monday, with easing electricity blackouts off-setting a slide in businesses selling prices as they continued to struggle with weak demand. IHS Markit's Purchasing Managers' Index jumped to 50.3 in April from 48.8 in... 

South African private sector activity grows in April as electricity crunch eases – PMI

MTN appoints Jonas chairperson designate, establishes international advisory board 

By: Natasha Odendaal     3rd May 2019 JSE-listed telecommunications giant MTN Group has established an international advisory board (IAB), led by political and business heavyweights. The group also plans on effecting an “evolution of the board”, with former Finance Minister Mcebisi Jonas appointed chairperson designate, as it enters... 

Mcebisi Jonas
Photo by Creamer Media
Mcebisi Jonas

Intellidex market research forecasts ANC will win with 57% of votes 

By: Marleny Arnoldi     3rd May 2019 Markets believe there is only a one-third chance of growth-boosting reform after the elections and that there is a 75% probability of President Cyril Ramaphosa remaining in his seat until 2022, at least, according to financial services research house Intellidex. Overall, the market anticipated... 

Intellidex market research forecasts ANC will win with 57% of votes

Ekurhuleni Aerotropolis core to Albertina Sisulu Corridor development plans  

By: Nadine James     3rd May 2019 The Albertina Sisulu Corridor – which links the Johannesburg central business district, OR Tambo International Airport and Pretoria – is benefitting from the establishment of public-private partnerships and infrastrucutre investments, designed to facilitate the implementation of the 30-year... 

Ekurhuleni Aerotropolis core to Albertina Sisulu Corridor development plans

Seifsa welcomes PMI increase to 47.2 in April 

By: Marleny Arnoldi     2nd May 2019 The Steel and Engineering Industries Federation of Southern Africa has welcomed the increase in the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) for April. Chief economist Dr Michael Ade said the rebounding indicator was encouraging for production processes. The PMI data for April... 

Seifsa chief economist Dr Michael Ade
Photo by Creamer Media
Seifsa chief economist Dr Michael Ade

April new-vehicle sales rise by 0.7%, exports by nearly 54% – Naamsa 

By: Marleny Arnoldi     2nd May 2019 The National Association of Automobile Manufacturers of South Africa on Thursday reported that the latest new-vehicle sales reflected a “welcome surprise” on the upside, with export sales continuing to perform “exceptionally” well. “Exports sales had registered strong growth, reflecting a... 

April new-vehicle sales rise by 0.7%, exports by nearly 54% – Naamsa

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO 

By: Terence Creamer     2nd May 2019 State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12... 

New acting Transnet CEO Mohammed Mahomedy
Photo by Creamer Media's Dylan Slater
New acting Transnet CEO Mohammed Mahomedy

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... 

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