https://www.engineeringnews.co.za

Follow @EngNewsZA

Advertise on this page? Click Here to Learn More

Economy News

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... →

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. →

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

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... →

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... →

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... →

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. →

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... →

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... →

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... →

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... →

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. →

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... →

SystemicLogic buys Kagiso’s Knowledge Factory

By: Schalk Burger 2nd April 2019 Financial innovation consultancy SystemicLogic has acquired property data and information and communication technology company Knowledge Factory from media organisation Kagiso Media for an undisclosed sum. Knowledge Factory offers a range of solutions based on property data and marketing... →

Gartner expects 100m people to shop using digital reality tech by next year

By: Schalk Burger 2nd April 2019 Technology research and advisory multinational Gartner expects 100-million people to use augmented reality (AR) and virtual reality (VR) technology to shop online and in-store by next year. In a statement issued on Monday, the company said AR and VR have the potential to shake up the customer... →

South African poultry industry backs Namibia against dumping of chicken from Brazil

By: African News Agency 2nd April 2019 The South African Poultry Association (SAPA) said on Tuesday that it had noted with alarm that the insidious dumping of chicken from Brazil that plagues the local industry has also taken root in Namibia. Izaak Breitenbach, GM of SAPA's broiler division, said that it was increasingly clear that... →

Tariff war will hammer global trade growth this year, WTO says

By: Bloomberg 2nd April 2019 The World Trade Organization (WTO) slashed its global trade growth projection for 2019 to the lowest level in three years, citing the impact of rising commercial tensions and tariffs. World merchandise trade growth will slow to 2.6% this year and 3% next year, after notching 3% in 2018, the WTO... →

S Africans to know more about state of country's electricity supply tomorrow

By: News24Wire 2nd April 2019 Public Enterprises Minister Pravin Gordhan and chairperson of the Eskom board Jabu Mabuza are expected to brief the media on the state of South Africa's electricity supply tomorrow. The briefing is expected to be at a power station in Johannesburg. →

Public Enterprises Minister Pravin Gordhan

Necsa scientist in spotlight with award successes

By: Rebecca Campbell 2nd April 2019 A scientist from the South African Nuclear Energy Corporation, Dr Jan Rijn Zeevaart, has won two prestigious awards, one local and the other international. These are the Department of Science and Technology’s Top Intellectual Property Creator Award and the European Association of Nuclear... →

Youth unemployment in South Africa a 'human catastrophe', Nobel laureate tells BRICS bank delegates

By: African News Agency 2nd April 2019 Nobel laureate Paul Romer on Monday described South Africa as an "economic disappointment", citing the high levels of unemployment among the country's youth, calling it a "human catastrophe". "It's a very hard story because there was this political miracle in this country which was then followed... →

Brics banks should not look at SA in isolation of its neighbours – Mboweni

By: African News Agency 1st April 2019 The New Development Bank (NDB) cannot separate South Africa from its neighbours when deciding on extending development loans, Finance Minister Tito Mboweni said on Monday. Speaking at the fourth annual meeting of the NDB at the Cape Town International Convention Centre, Mboweni said countries in... →

Finance Minister Tito Mboweni

Higher refunds at Sars result in R14.6bn deficit

By: News24Wire 1st April 2019 The South African Revenue Service announced on Monday afternoon that it had collected R1 287.6-billion in tax for the financial year ended March 31 2019, some R14.6-billion less than what was estimated in the Budget. The tax agency's acting head Mark Kingon made the announcement in Pretoria. The... →

Photo by Creamer Media's Dylan Slater
Sars acting commissioner Mark Kingon

Tax revenues fall R15bn short of government target

By: Reuters 1st April 2019 Tax revenues fell R15-billion short of the government’s target in the 2018/19 fiscal year, with revenue estimated at R1.29-trillion, the revenue service said on Monday. South Africa has seen revenue collections fall consistently since 2015 due to weak economic growth and administrative weakness,... →

Latest News

Davies sees rising unilateralism as trade war escalates

Makhanda considering paying for 11 out of 15 boreholes drilled by Gift of the Givers

Senegal imports turbines for West Africa's first big wind farm project

Theresa May announces resignation

'Dead' former Thales boss and Zuma trial witness Alain Thétard found alive in Europe

NASA executive quits weeks after appointment to lead 2024 moon landing plan

Amended Act a ‘second revolution’ for competition law in South Africa

New Port of Ngqura liquid bulk facility to serve South African and African markets

Engineering News iPhone and Android Apps available for free download

Importance of scientific cooperation with South Africa reaffirmed by Japan

Enviro dept invites public comment on sulphur dioxide emissions amendment

Afrimat’s diversification contributes to strong full-year results

NPA starts prosecution of Aurora directors

SA Express says to lay charges against former execs

Reserve Bank again keeps repo rate unchanged at 6.75%

more

Latest Videos

Nuclear is a solution to Eskom’s woes

President's correct, S Africans need to act together to realise economic opportunities – Baissac

Vodacom reports full-year profit decline, but rise in service revenue

Redefine maintains sustained growth, value creation despite difficult local climate

Mantashe urges continued investment in clean coal tech

Hydrogen and platinum at centre of climate change solution – Anglo

Education important for future of industry – Cesa

Big business aims to ‘scale up’ ten black firms to R500m-plus enterprises in five years

more

Projects

Ffestiniog power station refurbishment, UK

Kangnas Wind Farm and Perdekraal East Wind Farm, South Africa

Ekandustria Industrial Park revitalisation, South Africa

more

Topics In These Articles

BBC Business Sandile Zungu And Busa Cleaning Education Gas Health Projects Roads System Tourism transport Waste Western Cape Treasury Export Manufacturing civil Mining Power Resources PROJECT South African National Roads Agency Limited Freight Freight Rail Nonkululeko Sishi rail Transnet Eskom ESKOM's International Monetary Fund ... 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

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

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