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        <title>Engineering News | Economy</title>
        <description><![CDATA[Latest news on economy, including budget, competition policy, labour & skills development, legislative environment, state companies, tourism and macro and micro industry.]]></description>
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            <title>Transnet installs new tippler at Saldanha Iron Ore Terminal to boost capacity</title>
            <link>https://www.engineeringnews.co.za/article/transnet-installs-new-tippler-at-saldanha-iron-ore-terminal-to-boost-capacity-2026-06-04</link>
            <description><![CDATA[State-owned Transnet Port Terminals (TPT) has completed its R4-billion infrastructure expansion project for the Saldanha Iron Ore Terminal, with the installation of a new tippler, which is used to empty rail wagons. Testing and commissioning activities began on June 3, TPT says.]]></description>
            <author>Schalk Burger</author>
            <category>IRON PORT</category>
            <pubDate>Thu, 04 Jun 2026 09:44:00 +0200</pubDate>
        <a_id>722828</a_id>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>TPT testing the new tippler at Saldanha Iron Ore Terminal</image_title>
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            <title>September Distribution Agency Agreement deadline looms for Eskom-indebted municipalities</title>
            <link>https://www.engineeringnews.co.za/article/september-distribution-agency-agreement-deadline-looms-for-eskom-indebted-municipalities-2026-06-03</link>
            <description><![CDATA[The National Treasury has issued termination letters to 13 municipalities and is preparing to issue similar notices to 14 others in relation to their continued participation in a scheme set up in 2023 to address rising arrear debt to Eskom. Under the so-called Municipal Debt Relief Programme, municipalities that owed the State-owned utility a collective R58.5-billion as of March 2023 became eligible to have their historical debt written off over three years, with a maximum of one-third being cancelled in each year.]]></description>
            <author>Terence Creamer</author>
            <category>ELECTRICITY</category>
            <pubDate>Wed, 03 Jun 2026 15:50:00 +0200</pubDate>
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        <editor>Creamer Media Reporter  </editor>
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            <title>South Africa private sector contracts after four months of growth, PMI shows</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-private-sector-contracts-after-four-months-of-growth-pmi-shows-2026-06-03</link>
            <description><![CDATA[South Africa's private sector contracted in May as output and new orders fell amid higher fuel prices and uncertainty linked to the Iran war, a business survey showed on Wednesday. The S&P Global South Africa Purchasing Managers' Index fell to 49.6 in May from 51.6 in April. The 50 mark separates growth from contraction. "The war in the Middle East, and increases in fuel prices in particular, took their toll on the South African private sector in May. Renewed falls in output and new orders were signalled as inflationary pressures strengthened further," said Andrew Harker, economics director at S&P Global Market Intelligence.]]></description>
            <author>  Reuters</author>
            <category>Economy</category>
            <pubDate>Wed, 03 Jun 2026 09:20:00 +0200</pubDate>
        <a_id>722727</a_id>
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        <editor>  Reuters</editor>
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            <title>Traxtion says R1.4bn equity raise positions it for yet more rail investments as market opens</title>
            <link>https://www.engineeringnews.co.za/article/traxtion-says-r14bn-equity-raise-positions-it-for-yet-more-rail-investments-as-market-opens-2026-06-03</link>
            <description><![CDATA[Independent railways operator Traxtion has concluded an $86-million (R1.4-billion) equity capital raise, which the company says has created the financial platform for yet further investments into a South African market that is beginning to open up to competition. The transaction involves STANLIB Infrastructure Investments and Standard Bank, which have acquired an undisclosed minority position in Traxtion, as well as Harith’s InfraCo and PAIDF2 funds, consolidating Harith’s long-standing shareholding in the company.]]></description>
            <author>Terence Creamer</author>
            <category>RAILWAYS</category>
            <pubDate>Wed, 03 Jun 2026 09:05:00 +0200</pubDate>
        <a_id>722720</a_id>
        <updated>1780471334</updated>
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        <editor>Creamer Media Reporter  </editor>
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            <title>TIA 2.0 aims to spearhead innovation </title>
            <link>https://www.engineeringnews.co.za/article/tia-20-aims-to-spearhead-innovation-2026-06-02</link>
            <description><![CDATA[The Technology Innovation Agency (TIA), an entity of the Department of Science, Technology and Innovation (DSTI), is entering a new stage for the agency, TIA 2.0, to position the agency at the forefront of innovation and drive economic growth and sustainable development. Speaking at a media engagement, in Sandton, on June 2, TIA chairperson Loyiso Tyira explained that this was a completely new way of working for the agency, differing from TIA 1.0, by adopting a systems-based approach and a quadruple helix model of innovation, which was cognisant of the fact that a working innovation system required an all-of-society method.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>TECHNOLOGY</category>
            <pubDate>Tue, 02 Jun 2026 16:36:00 +0200</pubDate>
        <a_id>722713</a_id>
        <updated>1780414130</updated>
        <published>1780410960</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>South Africa meeting fiscal, structural reform targets, Treasury DG Pieterse assures</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-meeting-fiscal-structural-reform-targets-treasury-dg-pieterse-assures-2026-06-02</link>
            <description><![CDATA[South Africa has demonstrated that it can deliver on its fiscal targets and its structural reform agenda, and the benefits of latent improving fiscal credibility are already evident in the form of lower borrowing costs and a stronger currency, National Treasury director-general Dr Duncan Pieterse has said. According to the National Budget tabled in February, South Africa's debt-to-GDP ratio stabilised for the first time since before the 2008 global financial crisis, and was expected to decrease to 76.5% by 2028/29. The country also posted a third consecutive primary surplus, he said in a prepared speech.]]></description>
            <author>Schalk Burger</author>
            <category>FISCAL REFORMS</category>
            <pubDate>Tue, 02 Jun 2026 16:28:00 +0200</pubDate>
        <a_id>722712</a_id>
        <updated>1780413720</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>Middle East tensions interrupt business confidence recovery – report</title>
            <link>https://www.engineeringnews.co.za/article/middle-east-tensions-interrupt-business-confidence-recovery-report-2026-06-02</link>
            <description><![CDATA[The Business Confidence Index (BCI) published by financial services firm RMB and economic research organisation the Bureau for Economic Research (BER) fell by eight points to 39 in the second quarter, reversing the gains recorded over the previous two quarters and leaving the index just below its long-term average of 40. The index indicates that, while the recovery in business sentiment has lost momentum, confidence remains well above the recent low of 27 reached in the second quarter of 2023.]]></description>
            <author>Sabrina Jardim</author>
            <category>ECONOMY</category>
            <pubDate>Tue, 02 Jun 2026 16:21:00 +0200</pubDate>
        <a_id>722710</a_id>
        <updated>1780412657</updated>
        <published>1780410060</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>S&amp;P flags Middle East oil risk for South Africa, warns low growth an outlier among peers</title>
            <link>https://www.engineeringnews.co.za/article/sp-flags-middle-east-oil-risk-for-south-africa-warns-low-growth-an-outlier-among-peers-2026-06-02</link>
            <description><![CDATA[S&P Global Ratings warned on Tuesday that rising oil prices from the Middle East crisis pose a growing risk to South Africa's consumer-led economy, even as the fiscal consolidation push remains broadly on track. Ravi Bhatia, director at S&P, said at a conference in Johannesburg that South Africa was “really an outlier” among peers, consistently ranking near the bottom on growth — a weakness that feeds into fiscal pressure through softer revenues and weak job creation. S&P left its South Africa ratings unchanged at BB on foreign-currency and BB+ on local on Friday. It had upgraded ratings in November, its first upward move in nearly two decades, citing falling inflation, improving growth and fiscal consolidation.]]></description>
            <author>  Reuters</author>
            <category>Economy</category>
            <pubDate>Tue, 02 Jun 2026 12:15:00 +0200</pubDate>
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        <editor>  Reuters</editor>
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