https://www.engineeringnews.co.za
R/€ = 17.24 Change: 0.09
R/$ = 14.40 Change: 0.11
Au 1736.07 $/oz Change: 8.32
Pt 1178.76 $/oz Change: 5.74
 

Latest News

R549m SA – EC deal for black empowerment

13th March 2002 The South African government and the European Commission (EC) concluded a R549-million agreement aimed at supporting job creation in the private sector through black economic empowerment (BEE). 

Algeria – Russia in gas talks

13th March 2002 Algeria and Russia’s energy ministers said in talks that the two countries, suppliers of most of Europe’s natural gas imports, should cooperate on gas issues as their key markets are liberalised. 

Low-cost housing subsidy to rise

13th March 2002 Cabinet has approved a rise in the subsidy it gives to low cost housing, effective from next month. 

Big Gabon electrification drive

13th March 2002 A hundred villages in Gabon are currently being electrified by the Siemens Power Transmission and Distribution Group (PTD) in a 20-million euro project ordered by the state energy ministry and is scheduled for completion by the end of 2003. 

US support for waste industry empowerment

13th March 2002 South Africa’s first black economic empowerment merger achieved through privatisation in the waste-management industry has recieved support from the United States Agency for International Development (USAid). 

Union seething over bus makers liquidation

12th March 2002 Bus-manufacturing company Durabuild was placed under provisional liquidation and an estimated 500 workers have lost their jobs. 

DBSA's credit rating confirmed

12th March 2002 International ratings firm Standard and Poor’s affirmed all the ratings on the Development Bank of Southern Africa 

Africa should accelerate integration

12th March 2002 Africa must take rapid, sequenced, realistic and irreversible steps towards the acceleration of its integration if it is to realise the dream of African unity. 

Construction group's order book rises to R8,7bn

12th March 2002 South Africa’s largest construction group, Aveng, which is rapidly geographically diversifying its revenue stream, has reported good results for the six months to December. 

Australia in line for gas-to-liquids project

12th March 2002 South African petrochemical giant Sasol has announced Australia as the destination of its third gas-to-liquid (GTL) project. 

Joburg's innercity campaigner wants a 'real 24-7 city' again

11th March 2002 Personal involvement in the rejuvenation of a city requires determination and tenacity. Such involvement in the rejuvenation of a city like Johannesburg requires an additional component – passion. 

Empowerment merger in consulting sector

11th March 2002 Engineering firms Stewart Scott International and Karabo Engineering have merged their operations in a move that brings together one of the largest consulting engineering firms and one of the leading independent electrical engineering firms in South Africa. 

SA airliner orders 500 engines

11th March 2002 The global aerospace, marine and energy company, Rolls-Royce announced an order for Trent 500 engines from South African Airways (SAA) as the airline unveiled its fleet renewal programme in Johannesburg. 

West Coast oil development a boon for SA

11th March 2002 The rapidly-developing oilfields off the West Coast of Africa have opened up huge opportunities for steel and engineering companies in the Western Cape and South Africa. 

Former CEOs in pension payback

11th March 2002 Engineering group ABB said two former top executives will repay some 137-million Swiss francs out of 233-million in controversial pensions and benefits. 

Japanese acquire SA truck maker

11th March 2002 Nissan Diesel Motor Corporation (NDMC) said it had acquired South African truck maker Nissan Diesel and will pump R300-million into the company as part of the deal. 

Mining-steel unbundling could be hurt by US tariff hike

8th March 2002 High new US tariffs on steel imports might cast a shadow over early trade in the shares of the steel division of BHP Billiton when they are spun off mid-year from the mining giant. 

EU aircraft maker wins SA contract

8th March 2002 South Africa has awarded a multibillion-rand aircraft supply contract to Europe’s Airbus Industrie, marking the planemaker’s return to the South African Airways (SAA) fleet. 

Competition looms in energy sector

By: Terence Creamer     8th March 2002 A third of power utility Eskom is to be broken off and is likely to be in the hands of domestic and foreign competitors by as early as 2003, opening the way for real competition in the South African generation sector for the first time in history. 

State makes way for abalone farm

8th March 2002 The hundred and eleven hectares of land, formerly known as the Tooth Rock weapons range, near Saldanha in the Western Cape, has been leased to Clear Seas Aquaculture for the development of an abalone farm. 

Bush ignites steel war

7th March 2002 The world’s top steel producers condemned the US for slapping hefty tariffs on steel imports, saying the move undermined the ideals of free trade preached by Washington. 

Gauteng refractories business changes hands

7th March 2002 The sale of Vereeniging Refractories by its former owner, Anglo American, has been concluded following final approval by the South African Competition Board. 

Paper firm to invest in Russian mill

7th March 2002 Paper firm Mondi Europe, an Anglo American subsidiary, has agreed to acquire an additional 68,5% of the voting stock in the Russian Syktyvkar Forest Enterprise business. 

SA agricultural sector grows in competitiveness

7th March 2002 The South African agricultural sector has consistently manifested positive trends in competitiveness, business confidence and investment. 

Nigeria probes $1,3bn telecoms deal

7th March 2002 The Nigerian parliament launched an inquiry into the $1,3-billion sale of national telecoms company Nitel after questioning its transparency. 

Tanzania to pursue $40m air-traffic control system

6th March 2002 Tanzania insisted that it would buy a $40-million air-traffic control system from BAE Systems, the UK’s biggest defence company, despite pressure from the World Bank for significant changes to the contract, reports the Financial Times. 

$2,7bn approved for Nigerian gas project

6th March 2002 Shareholders gave Nigerian Liquefied Natural Gas (NLNG) approval to proceed with a $2,7-billion expansion of its Bonny Island liquefied gas plant, officials said. 

Some 30% of black builders are women

6th March 2002 About 30% of black building contractors who have registered with the Department of Public Works in Mpumalanga are women, said national spokesperson Lucky Mochalibane. 

Big station-upgrade programme launched

6th March 2002 Rail transport company Spoornet has signed a multimillion-rand contract with Intersite Property Management Services to upgrade and expand Shosholoza Meyl passenger facilities in Johannesburg, Pretoria and Durban. 

SA’s steel lobbying pays off

6th March 2002 South Africa's intense lobbying of Washington during December and January appears to have paid off, with this countries steel industry being exempted from action taken by the US President George W Bush against steel importers into the US. 

SA's new holistic approach to space

5th March 2002 An initiative to combine the existing space-science activities in South Africa into a coherent and holistic approach has been embraced by the Board of the National Research Foundation (NRF) for testing in a wider forum. 

Scrap over SA's aluminium scrap

5th March 2002 The ongoing debate on whether restrictions or controls should be placed on the aluminium scrap industry are set to be tackled tomorrow at a panel discussion, which will take place at the TAC Club in Houghton, Johannesburg. 

Nigeria sets $176m oil spill fine

5th March 2002 Nigeria said oil tankers or production companies responsible for oil spills in its territorial waters could face a fine of up to $176-million. 

Telkom competitor to target data – analyst

5th March 2002 A fixed telecoms network to rival South Africa’s Telkom will likely focus on providing data rather than voice services and will probably only turn a profit in its seventh or eighth year, a research house said. 

Vehicle exports off to a flying start

5th March 2002 South African new vehicle sales were lower in February, in line with expectations, as pre-emptive buying to avoid price increases fizzled out, manufacturers said. 

Bearing Baron: From two-bit store to billion-rand business

4th March 2002 Picture this. A young wife minds the store while her husband holds down three jobs. He's driven by a determination to be financially independent following a difficult childhood. 

Hedge instrument to protect against weather

4th March 2002 A wholly-owned subsidiary of the financial services group Sanlam, Gensec Bank will be the first to offer the South African market weather derivatives following the formation of a strategic alliance with Aquila. 

French win Mali telecoms bid

4th March 2002 The bidding to operate fixed-line and mobile phone services in Mali has been won by France Telecom, after competing with State-owned operator Sotelma. 

Company Article

more

More Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

 ...    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

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
Free daily email newsletter Register Now
Register Close