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Economy News

SME politics hindering civil projects, says consulting firm

By: Cameron Mackay     5th April 2019 Government efforts to motivate for the employment of small and medium-sized enterprises (SMEs) for civil engineering and construction projects are causing difficulties for local infrastructure projects, says engineering and construction company Hyson Cells CEO and founder Sally Hall. “The... 

Education important for future of industry – Cesa  

By: Cameron Mackay     5th April 2019 Consulting engineering association Consulting Engineers South Africa (Cesa) president Neresh Pather says introducing new technology subjects at technical high schools will play a critical role in preparing future generations for the Fourth Industrial Revolution (4IR) and the general consulting... 

Education important for future of industry – Cesa
Consulting Engineers South Africa president Neresh Pather & Gauteng Road & Transport MEC Dr Ismail Vadi discuss education and technology in consulting engineering. Camerawork and Editing: Creamer Media's Nicholas Boyd.

Airbus signs agreement to sell hundreds of airliners to China

By: Rebecca Campbell     5th April 2019 Europe-based global aerospace giant Airbus and the China Aviation Supplies Holding Company (CAS) signed, late last month, a General Terms Agreement (GTA) for the purchase, by Chinese airlines, of 300 Airbus airliners. These will be composed of 290 A320-family single aisle air craft and ten... 

Digital tech can improve client and project interaction

By: Cameron Mackay     5th April 2019 Professional services firm WSP is finding more opportunities to use emerging digital technologies in delivering engineering and infrastructure projects globally, points out WSP in Africa MD Mathieu du Plooy. This involves the managing of information and data, designing and collaboration efforts... 

Digital tech can improve client and project interaction
MATHIEU DU PLOOY WSP’s focus on the African continent is more sector-based than geographical. We will follow the countries where the need is pressing

Opinion: If renewables are so cheap, why are we paying so much for them? 

By: Tobias Bischof-Niemz     5th April 2019 Hardly a week passes without a statement being made about the high costs of renewable energy in South Africa. Typically, the argument is made on social media and is framed to suggest that Eskom is buying electricity at R2.22/kWh from renewable-energy independent power producers (REIPPs) and that... 

Opinion: If renewables are so cheap, why are we paying so much for them?

Uptick in demand for water-sector consulting

By: Cameron Mackay     5th April 2019 Despite subdued demand for consulting engineering services in South Africa, engineering consulting firm SRK Consulting South Africa has noted an increase in demand for the group’s water-sector consulting services. “As the country faces a backlog in water infrastructure maintenance, it must also... 

Uptick in demand for water-sector consulting
THE MATZIKAMMA MUNICIPALITY The Matzikamma municipality coastline was deemed suitable for land-based aquaculture farming

Consulting firm shifts to public-sector partner role

By: Cameron Mackay     5th April 2019 Multinational engineering consultancy Aurecon sees a need to shift the group’s role from that of consultant for engineering design and delivery to being more of a partner to government, specifically in the capacity of adviser and decision-maker on important infrastructural challenges. This will... 

Consulting firm shifts to public-sector partner role
GREEN BUILDINGS The next for green buildings will be the integration the Internet of Things and consistent use of technology through the life cycle of an asset

Emphasis on STEM subjects at schools vital

By: Cameron Mackay     5th April 2019 The announcement by President Cyril Ramaphosa in his State of the Nation Address in February this year that government plans to introduce more technical subjects at high schools in South Africa, is long overdue, says consulting engineering and project implementation firm Hatch’s Sibongile... 

Emphasis on STEM subjects at schools vital
MEANINGFUL CONTRIBUTION Companies should create an inclusive environment for employees to enable them to contribute to the company and community

Early crypto-asset regulations indicate firmer rules on the way

By: Schalk Burger     5th April 2019 The initial regulations proposed by a crypto-asset regulations consultation paper, released by the South African Reserve Bank in January, indicate that a firmer regulatory regime will be put in place, says legal firm Cliffe Dekker Hofmeyr finance and banking director Bridget King and Cliffe... 

Nihilent opens first user experience lab on African continent

By: Nadine James     4th April 2019 Global consulting firm Nihilent officially launched its first user experience (UX) laboratory on the African continent on Thursday. The facility, located in Bryanston, is the second of its kind globally, aside from Nihilent’s Indian facility, and was inaugurated by Public Enterprises Minister... 

Myriad of factors impacting South Africa’s economic growth forecast - Citi

By: Tasneem Bulbulia     4th April 2019 There are a number of factors dictating the economic climate of the country and that are impacting on Citi’s forecast of future economic growth. This was a theme during a media roundtable held by Citi, in Johannesburg, on Thursday. The roundtable was presented by Citi chief economist for South... 

ANC expected to clinch national elections, albeit weakened

By: Tasneem Bulbulia     4th April 2019 Independent elections analyst and management consultant Dawie Scholtz expects the African National Congress will again win the May 8 national election and secure an estimated 56% of votes. Scholtz, who was speaking at a panel discussion hosted by Herbert Smith Freehills, in Sandton, on Wednesday,... 

Eskom review team says strong leadership key for restoration of plant performance 

By: Terence Creamer     4th April 2019 The Eskom Technical Review Team, appointed in March to provide an independent assessment of the performance of the State-owned utility’s power stations, says several coal plants can, with strong and empowered leadership, meet the much-vaunted energy availability factor (EAF) goal of 80%. It has... 

Eskom review team says strong leadership key for restoration of plant performance

Digital initiatives can unlock value for South Africa – Accenture

By: Schalk Burger     4th April 2019 South Africa can unlock financial value and create meaningful outcomes for citizens in their daily lives by implementing key digital initiatives across government services and key industry sectors, professional services multinational Accenture said in a statement on Thursday. Research indicated... 

Expanding KP’s scope will help create economic potential, says WDC executive director

By: Simone Liedtke     4th April 2019 Expanding the scope of the Kimberley Process to include issues related to human rights and labour relations, as is being advocated by the World Diamond Council (WDC), will help create conditions in which Sub-Saharan Africa's artisanal diamond miners can meet their economic potential, and so... 

'The whole country is counting on us': What Eskom boss told staff when stage 4 hit 

By: News24Wire      4th April 2019 "The whole country is counting on every one of us to do the right thing".  This is what Eskom's COO, Jan Oberholzer, wrote to staff in a memo mid-March when the power utility was implementing stage 4 load-shedding to keep the lights on.  

 'The whole country is counting on us': What Eskom boss told staff when stage 4 hit
Photo by Creamer Media's Dylan Slater
Eskom COO Jan Oberholzer

Eskom provides system update 

4th April 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about a media briefing hosted by Eskom and Public Enterprises Minister Pravin Gordhan at the Lethabo power station this week to update the country on the state of Eskom’s power system and whether the country is... 

Eskom provides system update
Eskom provides system update

EOH expects Microsoft investigations to be completed by end-May

By: Schalk Burger     4th April 2019 JSE-listed information technology services group EOH expects the investigations into alleged impropriety in the resale of multinational technology company Microsoft’s licences to be completed by the end of May, EOH CEO Stephen van Coller said in an update to shareholders sent out on Wednesday.... 

Mkhize gives municipalities to-do list for successful SEZ implementation

By: African News Agency      4th April 2019 Cooperative Governance Minister, Dr Zweli Mkhize, has told attendees at a Special Economic Zones conference on Thursday, that in order for the zones to be successful, municipalities had to be fully involved in the process. SEZs were located in local, district or metropolitan municipalities, and... 

Mkhize gives municipalities to-do list for successful SEZ implementation
Photo by Creamer Media
Cogta Minister Zweli Mkhize

Investment in SEZs reaches R16.8bn, says Davies

By: African News Agency      4th April 2019 Government's Special Economic Zones (SEZ) programme currently had 115 investors with a private investment value of over R16.8 billion, department of trade and industry (DTI) minister Rob Davies said on Wednesday.  Davies made the statement at Durban's Inkosi Albert Luthuli International... 

Intu Properties appoints Matthew Roberts CE

By: Simone Liedtke     4th April 2019 Matthew Roberts has been appointed CE of JSE-listed Intu Properties, with effect from April 29. Roberts will succeed David Fischel, who will be standing down from the board and leaving the company on April 26. 

SA's stagnant growth a drag on expansion in southern Africa – AfDB

By: African News Agency      4th April 2019 Gross Domestic Product in southern Africa is expected to grow by around 2.2 percent in 2019 from 1.2 percent last year, the lowest pace of expansion on the continent, the African Development Bank said this week. In its annual economic outlook the AfDB said southern Africa -- which includes... 

SA's stagnant growth a drag on expansion in southern Africa – AfDB

Eskom’s financial woes not abating in sync with load-shedding risk 

By: Terence Creamer     3rd April 2019 The cautiously optimistic prognosis provided by Eskom on the outlook for electricity supply for the coming nine months has been more than offset by the State-owned utility’s disturbing assessment of its financial predicament. The group, which implemented ten days of confidence-sapping power cuts... 

Eskom’s financial woes not abating in sync with load-shedding risk
Photo by Creamer Media's Terence Creamer
Lethabo power station

Economy to remain ‘weak, patchy’ until after national elections – PUI 

By: Simone Liedtke     3rd April 2019 Economic and policy uncertainty in South Africa is expected to remain elevated until after the national elections on May 8. According to the North West University Business School’s Policy Uncertainty Index (PUI), positive and negative trends appear to be putting the South African economy in a... 

Load-shedding: Eskom's plan for winter and how it will keep the lights on 

By: News24Wire      3rd April 2019 Public Enterprises minister Pravin Gordhan says that Eskom has come up with a detailed winter plan that includes several possible scenarios. Gordhan said the first scenario was if no load-shedding was implemented. 

 Load-shedding: Eskom's plan for winter and how it will keep the lights on

Brics Business Council making good progress, faces great opportunities

By: Rebecca Campbell     3rd April 2019 The Brazil, Russia, India, China, South Africa (Brics) alignment offered its members "massive" trade opportunities, which must be exploited. So affirmed Brics Business Council South Africa Chapter chairperson Busi Mabuza on Wednesday. She was addressing the Brics Business Council mid-term meeting... 

Africa growth at 7-year high, no thanks to its major economies

By: Bloomberg     3rd April 2019 Growth in Africa’s two largest economies may be sputtering along but that won’t stop the continent’s gross domestic product from expanding at the fastest pace since at least 2012. Growth domestic product (GDP) growth for the continent is forecast to accelerate to 4% this year, up from an... 

Brics group can help develop Africa and reshape world – Makhura

By: Rebecca Campbell     3rd April 2019 Gauteng Premier David Makhura on Wednesday hailed the Brazil, Russia, India, China, South Africa (Brics) alignment as a force that could promote global inclusive economic growth and help develop Africa. He was delivering the keynote address at the Brics Business Council mid-term meeting in... 

Sandile Zungu, Sipho Pityana smoke the peace pipe

By: African News Agency      3rd April 2019 Prominent South African black businessmen Sandile Zungu and Sipho Pityana on Wednesday decided to smoke the peace pipe and bury the hatchet following two face-to-face meetings after widely publicised differences between them. Zungu and Pityana are the presidents of the Black Business Council and... 

Sandile Zungu, Sipho Pityana smoke the peace pipe
Photo by Creamer Media's Dylan Slater
Busa president Sipho Pityana

Rooibos research gets R4.5m injection

By: African News Agency      3rd April 2019 The South African Rooibos Council is ramping up research efforts into how the indigenous tea could help tackle diseases, with R4.5-million to be invested into its potential to reduce allergies, heart disease, diabetes and skin cancer between now and 2022. These diseases combined afflict more than... 

Power cuts slow South African private sector activity in March – PMI 

By: Reuters     3rd April 2019 Activity in South Africa's private sector contracted sharply in March, a survey showed on Wednesday, with firms citing electricity blackouts as the main drag on business. IHS Markit's Purchasing Managers' Index (PMI) slipped to 48.8 from February's 50.2 as falls in new orders and employment saw... 

Power cuts slow South African private sector activity in March – PMI

South Africa needs rapid, employment-intensive growth – CDE

By: Simone Liedtke     2nd April 2019 Centre for Development and Enterprise executive director Ann Bernstein on Tuesday said that, for South Africa to achieve rapid economic growth, it would require a “decisive shift in policy, growth and jobs”, which remain at the apex of national priorities in South Africa. However, accelerated,... 

Improved policy, regulation needed to help Eskom power SA, Brics Bank meeting told

By: African News Agency      2nd April 2019 Without alternative power generation capacity, unemployment will remain rampant in South Africa, Development Bank of Southern Africa (DBSA) chief executive Patrick Dlamini said on Tuesday. "The policy makers, they have a decision to make, to make sure that you can be able to enable and sustain... 

Improved policy, regulation needed to help Eskom power SA, Brics Bank meeting told

Nehawu accepts latest Sars wage offer, not happy with term of agreement 

By: African News Agency      2nd April 2019 The National Education, Health and Allied Workers’ Union on Tuesday accepted the latest wage offer tabled by the South African Revenue Services, bringing an end to the nationwide strike that crippled the revenue service. This after the Public Servants Association, the majority union at Sars, on... 

Nehawu accepts latest Sars wage offer, not happy with term of agreement

Central banks are thinking greener as climate change hits policy

By: Bloomberg     2nd April 2019 Climate change is increasingly affecting the world’s central banks and their monetary policies. At a time when students around the globe are urging governments, companies and citizens to protect the environment, awareness is growing among currency guardians that weather disruptions, carbon... 

Law firm plans class action against Eskom over load-shedding 

By: News24Wire      2nd April 2019 The national load-shedding crisis will shortly come under legal scrutiny, if a local law firm has its way. Law firm De Beer Attorneys has called on businesses who have suffered financial losses to join a class action lawsuit against State-owned enterprise Eskom. 

Law firm plans class action against Eskom over load-shedding

Govt aid, tariffs may not be enough for debt-laden Eskom – Moody's  

By: News24Wire      2nd April 2019 Ratings agency Moody's on Tuesday said that government's financial support to embattled power utility Eskom and the announcement of recent electricity tariffs by the National Energy Regulator of South Africa may prove "insufficient to address the company's long-standing financial troubles". It... 

 Govt aid, tariffs may not be enough for debt-laden Eskom – Moody's
 

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