https://www.engineeringnews.co.za
R/€ = 18.23 Change: 0.02
R/$ = 15.34 Change: 0.08
Au 1825.72 $/oz Change: -43.65
Pt 938.39 $/oz Change: -8.11
 

Economy News

Nearly 6 000 Covid-19-related claims lodged with the Compensation Fund

By: Simone Liedtke     3rd September 2020 A total of 5 986 claims have been lodged with the Compensation Fund for persons having contracted the Covid-19 virus while at work. Of this number, 3 782 claims have been submitted directly to the fund and a further 2 009 to Rand Mutual, while Federated Employers received 195 claims. 

SA Innovation Summit to be held virtually  

By: Tasneem Bulbulia     3rd September 2020 The Department of Trade, Industry and Competition (DTIC) has partnered with the South African Innovation Summit (SAIS) to host the 2020 Innovation Summit virtual event, which will be held from September 30 to October 1. The summit brings together innovation leaders from different countries,... 

Patel notes progress in expanding black industrialists’ participation

By: Tasneem Bulbulia     2nd September 2020 While progress has been made with expanding the number of black industrialists in the economy, they face challenges that require coordinated responses from within the State and the private sector, Trade, Industry and Competition Minister Ebrahim Patel said during a presentation to the... 

Nedlac discusses respective steps to promote local procurement of PPE, curb corruption

By: Marleny Arnoldi     2nd September 2020 The National Economic Development and Labour Council (Nedlac) has issued a statement discussing its efforts to address both the corruption around procurement and lack of procurement of locally manufactured personal protective equipment (PPE) by government bodies. Media reports in recent weeks... 

How health dept's new app will assist the fight against Covid-19  

By: News24Wire      2nd September 2020 The national health department has launched the Covid Alert SA app, which informs people if they have been in contact with someone who has Covid-19. President Cyril Ramaphosa called the app, which was launched on Wednesday, a "powerful tool to support our digital contact tracing efforts". 

How health dept's new app will assist the fight against Covid-19
Health Minister Zweli Mkhize

Eskom to move to stage 4 load shedding from 15:00, cuts to continue over weekend 

By: News24Wire      2nd September 2020 Power utility Eskom says it will move from stage 2 to stage 4 load shedding at 15:00 on Wednesday due to "exceptionally high demand". Stage 4 power cuts will continue until 22:00. Eskom said cold weather had placed additional demands on the country's grid which was already severely constrained... 

Eskom to move to stage 4 load shedding from 15:00, cuts to continue over weekend

South African stocks rise as vaccine news boosts risk appetite

By: Bloomberg     2nd September 2020 South Africa’s main stock index gains for a second day, rising 0.4% by 10 am in Johannesburg, as reports that a Covid-19 vaccine may be available earlier than expected drives risk appetite higher. The biggest listed companies, Naspers Ltd., Richemont, and Anglo American Plc, led gains, with the... 

South African stocks rise as vaccine news boosts risk appetite

Clear signs of overpricing, unfair processes, potential fraud in PPE tenders - AG report reveals 

By: News24Wire      2nd September 2020 Auditor-General Kimi Makwetu has released damning findings on Covid-19 relief funding which details the extent of the rot surrounding personal protective equipment tender procurement processes. Makwetu briefed the media on Wednesday and detailed how contracts in the R22.4-billion PPE budget has... 

Clear signs of overpricing, unfair processes, potential fraud in PPE tenders - AG report reveals
Auditor General Kimi Makwetu

Recovery plan advancing amid ‘unprecedented’ collaboration, Kingston reports 

By: Terence Creamer     2nd September 2020 Business for South Africa’s Martin Kingston has described the current level of cooperation and collaboration between labour, government, civil society and business as “unprecedented” and reports that the social partners are making good progress in their attempts to reach agreement on a... 

 Recovery plan advancing amid ‘unprecedented’ collaboration, Kingston reports
Photo by Creamer Media
Business for South Africa’s Martin Kingston

Eskom: More load-shedding ahead, additional stages loom as utility battles breakdowns

By: News24Wire      2nd September 2020 Eskom has said in a statement that due to a severely constrained generation system as a result of multiple unit breakdowns, it will be implementing load-shedding again on Wednesday. A total of ten generation units have broken down at seven power stations in a matter of two days, with the power... 

Eskom: More load-shedding ahead, additional stages loom as utility battles breakdowns

Head of largest women-owned engineering firm troubled by lack of work amid talk of infrastructure-led recovery 

By: Terence Creamer     2nd September 2020 The chief executive officer of South Africa’s largest black- and women-owned consulting engineering company is concerned about the current dearth of infrastructure-related workflow within the profession, which is typically at the forefront of preparing projects for implementation. In fact, Malani... 

Head of largest women-owned engineering firm troubled by lack of work amid talk of infrastructure-led recovery
Malani Padayachee-Saman and Ipeleng Mkhari

Thebe Investment Corp welcomes new group FD

By: Simone Liedtke     1st September 2020 Grathel Motau has been appointed Thebe Investment Corporation’s group FD, effective September 1. She will also serve as an executive director on the Thebe board. 

Thebe Investment Corp welcomes new group FD
Grathel Motau

Seifsa, trade unions adopt standstill main agreement 

By: Tasneem Bulbulia     1st September 2020 The 19 employer associations affiliated to industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) and the industry’s five trade unions on September 1 formally adopted the 2020 to 2021 standstill main agreement concluded in August. The collective agreement,... 

State firms request bailouts over Covid-19  

By: Reuters     1st September 2020 South African State companies have requested billions of rand in funding from the government to help them weather the impact of the coronavirus crisis, a finance ministry presentation to parliament showed on Tuesday. Loss-making State companies have long been an Achilles heel for Africa's most... 

State firms request bailouts over Covid-19

IFC confirms $225m green-economy loan to FirstRand

By: Terence Creamer     1st September 2020 The World Bank’s International Finance Corporation (IFC) has extended a $225-million loan to South Africa’s FirstRand Bank, which will deploy the finance in support of “energy-efficient and water-smart projects” in South Africa. The loan includes a $75-million contribution from the Dutch... 

IFC confirms $225m green-economy loan to FirstRand

Opinion: Can the private sector deliver government’s proposed infrastructure plan?

1st September 2020 In this opinion article, Vantage GreenX MD Alastair Campbell, who spent 25 years as an investment banker and who manages the R5-billion GreenX Debt Funds, says the renewables programme has proved that the private sector will invest in South African infrastructure once policy certainty is... 

Opinion: Can the private sector deliver government’s proposed infrastructure plan?
Alastair Campbell

Civil society organisations urge leaders to tackle corruption

By: Donna Slater     1st September 2020 In an open letter addressed to President Cyril Ramaphosa and Finance Minister Tito Mboweni, Corruption Watch executive director David Lewis and Public Affairs Research Institute executive director Dr Mbongiseni Buthelezi urge the leaders to tackle corruption by taking advantage of the current... 

Public Works and Infrastructure launches youth unemployment database

By: Donna Slater     31st August 2020 The Department of Public Works and Infrastructure (DPWI) has launched a district model-type unemployed database for youth, professionals and artisans throughout South Africa. The database will be used to capture and store information on these unemployed groups in an effort to help determine... 

Ninth yearly Small Business Day happening this week

By: Simone Liedtke     31st August 2020 September 4 will mark the ninth yearly Small Business Friday − the biggest small business day of the year in South Africa. Small Business Friday is dedicated to supporting the diverse range of local businesses that create jobs, help boost the economy, and enhance communities around the country. 

Key court case in tourist business interruption claims against insurers on Tuesday

By: Rebecca Campbell     31st August 2020 A case of the greatest importance for the hospitality and tourism sector, on the one hand, and the insurance sector, on the other, is to be heard by a full bench of the Western Cape High Court on Tuesday. The case is Ma-Afrika Hotels and the Stellenbosch Kitchen restaurant versus insurance group... 

New ‘single channel’ service created to help resolve barriers to South African exports 

By: Terence Creamer     31st August 2020 The Department of Trade, Industry and Competition (DTIC) has launched a new ‘single channel’ online service through which South African exporters are able to register any problems they are experiencing in their trade interactions and secure dedicated support from government to resolve concerns.... 

 New ‘single channel’ service created to help resolve barriers to South African exports

South Africa working towards reopening international borders

By: African News Agency      31st August 2020 Tourism Minister Mmamoloko Kubayi-Ngubane on Monday said the South African government was working towards the reopening of international travel, which had been put on ice for months since President Cyril Ramaphosa imposed a nationwide lockdown to curb the spread of Covid-19.  “Our next step is to... 

 South Africa working towards reopening international borders
Tourism Minister Mmamoloko Kubayi-Ngubane

State is falling short of expectations – Ramaphosa  

By: Sane Dhlamini     31st August 2020 As South Africa prepares to observe Public Service Month in September, President Cyril Ramaphosa admits that there are fundamental problems government is working to fix. He pointed out that the experience for many South Africans is a State that is falling short of expectations. He said government... 

State is falling short of expectations – Ramaphosa
President Cyril Ramaphosa

RCL Foods leverages diverse portfolio for resilience amid ‘unprecedented hardship’ in South Africa

By: Simone Liedtke     31st August 2020 JSE-listed consumer goods company RCL Foods leveraged the resilience of its diverse portfolio to finish the 12 months to June 30 in a strong cash position, delivering revenue growth of 7.4% in a period of “unprecedented hardship for South African consumers and the local economy”. Underlying... 

RCL Foods leverages diverse portfolio for resilience amid ‘unprecedented hardship’ in South Africa
RCL CEO Miles Dally

Ethiopia seeks US clarification on reports of planned aid cut

By: Bloomberg     31st August 2020 Ethiopia asked the US government to clarify reports it may withhold about $130-million of aid in a bid to pressure the Horn of Africa nation to review its plans to fill a new dam that have affronted its neighbors. “We have asked for clarification on reports of the United States’ decision not to... 

Ramaphosa strengthens hold over South Africa’s ruling party

By: Bloomberg     31st August 2020 President Cyril Ramaphosa gained the upper hand in a power struggle in the nation’s deeply divided ruling party after surviving a bid to force him out of office, clearing the way for him to overhaul his cabinet. The ouster attempt was made during a three-day meeting of the African National... 

Ramaphosa strengthens hold over South Africa’s ruling party
President Cyril Ramaphosa

Mavuso stresses need to clamp down on indebtedness, corruption once and for all

By: Marleny Arnoldi     31st August 2020 Business Leadership South Africa CEO Busi Mavuso says corruption is accelerating South Africa’s indebtedness and will continue to counter any economic revival efforts if it is not stopped. She points out in her latest weekly newsletter that the in-your-face nature of personal protective... 

Mavuso stresses need to clamp down on indebtedness, corruption once and for all
Photo by Creamer Media's Donna Slater
Business Leadership South Africa CEO Busi

More transparency needed in SOE appointments – IoDSA

By: Sane Dhlamini     31st August 2020 The Institute of Directors in Southern Africa has called for more public transparency around board appointments in State-owned enterprises following the recent appointment of African National Congress Youth League leader Magasela Mzobe as Umgeni Water interim board chairperson. Minister of Human... 

More transparency needed in SOE appointments – IoDSA
Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu

Ramaphosa considers Cabinet changes in bid to drive reforms

By: Bloomberg     30th August 2020 President Cyril Ramaphosa is considering making changes to his cabinet after he meets the ruling party’s leadership this weekend, people familiar with the deliberations said. The meeting could be a showdown between the president and his rivals within the African National Congress, the people... 

Ramaphosa considers Cabinet changes in bid to drive reforms

Redefine bids farewell to long-time COO David Rice

By: Simone Liedtke     28th August 2020 JSE-listed real estate investment trust (Reit) Redefine Properties will be bidding farewell to its long-time COO David Rice on August 31. Rice will be retiring from a career of more than 30 years in the property industry but will still remain on-hand on a month-to-month basis to assist in... 

Citizens can collect smart IDs, passports at participating banks

By: Yvonne Silaule     28th August 2020 Citizens who had applied for their smart identification (ID) cards or passports at certain banks before the lockdown was implemented in March, will now be able to collect those documents from the banks on Mondays, Wednesdays and Fridays, the Department of Home Affairs (DHA) has announced. During... 

Bleak outlook for South Africa’s unemployment rate − Schussler

By: Tasneem Bulbulia     28th August 2020 The Covid-19 pandemic and the months of lockdown have had an immense negative impact on economies worldwide, with entire industries forced to close their doors, affecting millions of  workers who either lost their income for weeks on end or lost their jobs altogether, economist Mike Schussler... 

Fin find to conduct SMME survey to gauge Covid-19 impact

By: Tasneem Bulbulia     28th August 2020 Fin find, which provides online access to finance solutions for small, medium-sized and microenterprises (SMMEs), has partnered with industry organisation Business Leadership South Africa (BLSA), government and other stakeholders to conduct a comprehensive study on the impact of the Covid-19... 

OR Tambo International Airport expects passenger numbers to significantly increase next month

By: Rebecca Campbell     28th August 2020 OR Tambo International Airport (OR Tambo) will probably handle more than 210 000 passengers next month. That is the estimate of the airport’s management. The currently operating airlines have booked more than 2 500 take-off and landing slots at the airport (which is owned and operated by the... 

SA small business turnover up 9 pct after govt eases Covid-19 restrictions

By: African News Agency      28th August 2020 The further relaxation of Covid-19 restrictions by South Africa's government to allow more economic activity to resume after a nationwide lockdown has led to a nine percent improvement in turnover among small and medium enterprises, a survey released on Friday showed. small business financial... 

 SA small business turnover up 9 pct after govt eases Covid-19 restrictions

Technology company launches tailored Industrial IoT solution for TSF insights

By: Simone Liedtke     28th August 2020 Global Industrial Internet of Things (IIoT) and cloud technology company sensemetrics Inc is transforming sensor data into real-time business intelligence by launching a tailored IIoT solution that gives mining companies and their insurers real-time, end-to-end tailings storage facilities (TSF)... 

South Africa says no extra money available for next three years 

By: Bloomberg     28th August 2020 South Africa’s National Treasury says there are no additional resources available for government departments in the next three years. Any additional allocations will have to be funded from reductions in other programs, either within the department’s budget, or from another department’s budget,... 

South Africa says no extra money available for next three years
8 9 10 11
12
13 14 15 16
 

Latest News

more

Latest Videos

more

Projects

more

Topics In These Articles

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 for $119
Free daily email newsletter Register Now
Subscribe Close