https://www.engineeringnews.co.za
R/€ = 20.21 Change: -0.10
R/$ = 17.20 Change: -0.14
Au 1970.98 $/oz Change: -5.30
Pt 914.56 $/oz Change: 6.07
 

Latest News

With IMF loan granted, govt has a chance to embed pro-growth economic reforms  

By: Marleny Arnoldi     28th July 2020 North West University Business School economist Professor Raymond Parsons says the timing of the International Monetary Fund’s (IMF’s) loan to South Africa again emphasises the extent to which the country has reached a defining fork in the road in dealing with challenges and that a clear sense of... 

Mboweni asked to reveal govt procurement guidelines for Covid-19 materials following corruption allegations  

By: Sane Dhlamini     28th July 2020 Finance Minister Tito Mboweni has been asked to present to MPs Treasury’s guidelines on government procurement of personal protective equipment (PPE) during the coronavirus (Covid-19) pandemic, following recent allegations of corruption relating to awarded tenders. The Eastern Cape, Gauteng and... 

Mboweni asked to reveal govt procurement guidelines for Covid-19 materials following corruption allegations
Finance Minister Tito Mboweni

Lower demand drives decrease in Sephaku's full-year earnings

By: Schalk Burger     28th July 2020 Building and construction materials company Sephaku Holdings expects its earnings a share for the financial year ended March 31 to be between 7.67c and 9.37c and its headline earnings a share to be between 6.72c and 8.41c. This compares with earnings a share and headline a share of 21.08c... 

Covid-19 forces changes to standard construction contracts, says MDA

By: Irma Venter     28th July 2020 Specialists in construction law MDA Attorneys say disruptions to business and operations owing to Covid-19 are no longer unanticipated, which means that all new contract negotiations have to take the possibility of this happening into account.  “Initially, force majeure notices were being issued... 

Covid-19 forces changes to standard construction contracts, says MDA
Barry Herholdt

African Centre of Excellence at Stellenbosch University to receive UK research grant

By: Rebecca Campbell     28th July 2020 Stellenbosch University’s African Research Universities Alliance (ARUA) Centre of Excellence (CoE) in Energy is to receive funding of R12-million over two years from the UK. The money is being provided by Britain’s science, technology and innovation funding agency, UK Research and Innovation... 

Without infrastructure and manufacturing, AfCFTA will fall short – senior African policymaker 

By: Terence Creamer     28th July 2020 An Ethiopian senior minister and special adviser to Prime Minister Abiy Ahmed has cautioned that, without major infrastructure investment and the development of manufacturing capacity, African countries will not be in a position to take full advantage of the African Continental Free Trade... 

Without infrastructure and manufacturing, AfCFTA will fall short – senior African policymaker
Dr Arkebe Oqubay speaking during virtual TIPS 2020 Fourm meeting

Aguru completes contact tracing trial at Adcock Ingram Critical Care

By: Natasha Odendaal     28th July 2020 Automation and digital transformation advisory and project management services Aguru Business Solutions has completed the proof of concept (PoC) trial for its newly developed Safe-Trace Contact Tracing system at Adcock Ingram Critical Care. The system, built in partnership with Johannesburg-based... 

Covid-19 peak expected late August, with SA economy to recover in 2 years  

By: News24Wire      28th July 2020 Business lobby group, Business for South Africa, has urged South Africans and businesses to continue with precautions in work and public life as the economic devastation wrought by the Covid-19 pandemic rages on. In a statement released on Tuesday morning, B4SA said it expected the national... 

 Covid-19 peak expected late August, with SA economy to recover in 2 years

SA loses 3 000 jobs in first quarter of 2020, but impact of lockdown not felt yet

By: News24Wire      28th July 2020 Total employment in SA's non-agricultural formal sector fell by 3 000 between December 2019 and March 2020, Statistics SA announced on Tuesday in its latest Quarterly Employment Statistics bulletin.  The QES results are based on a sample survey conducted by Stats SA and include findings on... 

SA loses 3 000 jobs in first quarter of 2020, but impact of lockdown not felt yet

National Automobile Dealers’ Association appoints Marcia Mayaba as VP

By: Irma Venter     28th July 2020 Barloworld Motor Retail franchise executive Marcia Mayaba has been elected as National Automobile Dealers’ Association (Nada) VP. “We are extremely excited to have Marcia on board,” says Nada chairperson Mark Dommisse. “We look forward to working closely with her on various matters impacting... 

National Automobile Dealers’ Association appoints Marcia Mayaba as VP
Marcia Mayaba

Nissan’s Mike Whitfield elected as AAAM president

By: Irma Venter     28th July 2020 Nissan Africa South (NAS) chairperson Mike Whitfield has been elected president of the African Association of Automotive Manufacturers (AAAM). He replaces Volkswagen Group of South Africa chairperson and MD Thomas Schäfer. 

Nissan’s Mike Whitfield elected as AAAM president
Mike Whitfield

SA Express employees still pleading for govt help with airline in provisional liquidation

By: News24Wire      28th July 2020 A group of employees at state-owned regional airline SA Express are still desperately hoping that government will be able to assist them in getting their unpaid salaries - last paid in February - as well as retrenchment packages. Unlike South African Airways, which is still in business rescue, SA... 

SA Express employees still pleading for govt help with airline in provisional liquidation

New research suggests the universe is younger than previously believed

By: Rebecca Campbell     28th July 2020 Using a new approach, a team of scientists at the University of Oregon (UO) in the US have come up with a new estimate for the age of the universe – 12.6-billion years. Since 2013, the generally accepted age of the universe has been 13.77-billion years. The universe started with the Big Bang, and... 

IMF approves $4.3bn loan for South Africa

By: African News Agency      28th July 2020 The International Monetary Fund (IMF) Executive Board has approved a US$4.3-billion loan for South Africa to help the country weather the Covid-19 health crisis on the economy, National Treasury said late on Monday. "The IMF Executive Board has approved South Africa’s request for emergency... 

 IMF approves $4.3bn loan for South Africa

Kumba, Anglo boards approve new R7bn iron-ore project at Kolomela 

By: Martin Creamer     28th July 2020 Iron-ore mining and marketing company Kumba Iron Ore on Tuesday announced the approval of the Kapstevel South project at its Kolomela mine, by both the company’s and Anglo American’s boards. The total capital cost of the project will be approximately R7-billion, including prestripping. 

Kumba, Anglo boards approve new R7bn iron-ore project at Kolomela
Kumba Iron Ore CEO Themba Mkhwanazi.

Kumba pays 75%-of-earnings dividend, creates R13bn in shared value 

By: Martin Creamer     28th July 2020 Iron-ore mining and marketing company Kumba Iron Ore on Tuesday declared an interim cash dividend of R19.60 per share, representing a payout ratio of 75% of headline earnings. Kumba CEO Themba Mkhwanazi said the company adapted its business quickly and comprehensively to meet the human,... 

Kumba pays 75%-of-earnings dividend, creates R13bn in shared value
Kumba Iron Ore CEO Themba Mkhwanazi.

Invicta reports on tough financial year

By: Tasneem Bulbulia     27th July 2020 JSE-listed Invicta Holdings had an exceptionally challenging financial year to March 31, as a result of load-shedding, water restrictions owing to drought in many parts of South Africa, massive currency volatility and hardly any growth across the sectors in which the group trades, CEO Steven... 

PGM prices expected to remain robust in the short term   

By: Martin Creamer     27th July 2020 Platinum group metals (PGMs) prices are expected to remain robust in the short term, with demand and supply starting to balance. Covid notwithstanding, the average realised dollar basket price of Anglo American Platinum (Amplats) in the six-month to June 30 was 56% higher year-on-year at $1 956 a... 

PGM prices expected to remain robust in the short term
Anglo American Platinum CEO Natascha Viljoen is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

SAA administrators seek creditor fund accord

By: Bloomberg     27th July 2020 The administrators of South African Airways, the state-owned airline that’s in bankruptcy protection, want the government to ring-fence R16.4-billion that it has guaranteed can be used to pay creditors if the airline fails, a person familiar with the situation said. The administrators want an... 

Approvals for Gazetted list of infrastructure projects valued at R360bn to be fast-tracked 

By: Terence Creamer     27th July 2020 The Presidency’s Investment and Infrastructure Office head Dr Kgosientso Ramokgopa  reported on Monday that the publication of an initial list of 50 Strategic Integrated Projects and 12 Special Projects in the Government Gazette is motivated by a desire to ensure that the approval processes... 

Approvals for Gazetted list of infrastructure projects valued at R360bn to be fast-tracked
Dr Kgosientso Ramokgopa

African Continental Free Trade Area could boost regional income by $450bn by 2035 

By: Terence Creamer     27th July 2020 The African Continental Free Trade Area could, a new World Bank report asserts, boost regional income by 7%, or $450-billion, by 2035 and help offset the negative effects of the Covid-19 pandemic, which is expected to cause up to $79-billion in output losses in Africa this year. If fully... 

African Continental Free Trade Area could boost regional income by $450bn by 2035

Gauteng SACP, Cosatu united in condemning corruption

By: Sane Dhlamini     27th July 2020 The Gauteng branch of the South African Communist Party (SACP) and the Congress of South African Trade Unions (Cosatu) have called on the Gauteng provincial government to act decisively and swiftly on allegations of corruption relating to coronavirus (Covid-19) efforts. The unions said action... 

Gauteng SACP, Cosatu united in condemning corruption
Gauteng Premier David Makhura

Embraer highlights ways of carrying cargo in the passenger cabins of its airliners

By: Rebecca Campbell     27th July 2020 Brazilian aerospace group Embraer, the world’s top manufacturer of airliners with up to 150 seats, has announced that it has developed ways for airlines to carry cargo on the passenger decks of its aircraft. This is to help meet the great demand for more air cargo capacity, which has resulted... 

Embraer highlights ways of carrying cargo in the passenger cabins of its airliners
Photo by Embraer
A computer model of an Embraer E-Jet showing most of its seats removed to make space for cargo 

Afrimat declares dividend

By: Tasneem Bulbulia     27th July 2020 JSE-listed Afrimat has approved and declared a final gross dividend of 81c a share, from income reserves for the financial year ended February 29. The dividend is subject to a local dividend withholding tax rate of 20%, resulting in a net 

Industry body seeks to raise R100m to support taverns

By: Schalk Burger     27th July 2020 Industry organisation, the National Liquor Traders Council (NLTC ), announced on July 27 that it aims to raise R100-million to support 34 500 taverns over a two- to three-month period by providing food parcels and other necessary supplies. NLTC convener Lucky Ntimane said the organisation was... 

Alcohol industry review disputes SAMRC alcohol trauma report, calls for dialogue to reopen

By: Schalk Burger     27th July 2020 An independent review of the South African Medical Research Council's (SAMRC's) 'Impact of Alcohol on Health Services in South Africa' report and its data inputs, has identified a number of study design and statistical modelling limitations owing to the lack of complete data presented, alcohol... 

Synchronising operating hours one option to reduce port congestion

By: Irma Venter     27th July 2020 The Port of Durban Decongestion Task Team is looking at synchronising the operating hours of the back-of-port container depots with the port’s 24/7 operating hours.  The team also wants to introduce a holistic truck booking system that could provide an integrated view of expected truck volumes... 

Synchronising operating hours one option to reduce port congestion

Mboweni warns of consequences for theft of Covid-19 relief funds

By: News24Wire      27th July 2020 "What kind of people are these criminals?" This was a line from one of three late-night tweets by Minister of Finance Tito Mboweni on Sunday evening about corruption involving Covid-19 tenders. The minister took to Twitter on Sunday evening to tweet about the theft of funds, a few days after... 

Mboweni warns of consequences for theft of Covid-19 relief funds
Finance Minister Tito Mboweni

Sector regulators get insurers to agree to interim relief for Covid-19 business interruption

By: Rebecca Campbell     27th July 2020 Public loss adjustment company Insurance Claims Africa (ICA), which is representing more than 600 tourism and hospitality businesses, has welcomed an agreement reached between, on the one hand, the Financial Services Conduct Authority (FSCA) and the Prudential Authority (PA), and, on the other,... 

SANEDI, defence dept partner on delivery of energy efficient water treatment works in Hoedspruit

By: Schalk Burger     27th July 2020 The South African National Energy and Development Institute (SANEDI) and the Department of Defence (DoD) on July 27 announced a partnership to develop an energy efficient water treatment works at the South African National Defence Force (SANDF) Air Force Base, in Hoedspruit, in the Maruleng... 

Government, President alienating South Africans – BLSA

By: Marleny Arnoldi     27th July 2020 Business Leadership South Africa (BLSA) CEO Busi Mavuso says there is a sense that government is too easily bent by powerful lobbies instead of acting clearly in the best interest of all people. In a weekly newsletter, published on Monday, she expresses her concern that South Africans are... 

Govt to meet social partners to finalise economic recovery plan – Ramaphosa  

By: Sane Dhlamini     27th July 2020 In the coming weeks government will liaise with its social partners to finalise an economic recovery programme, with a strong focus on the safeguarding and creation of jobs. In his weekly address to the nation, President Cyril Ramaphosa said the programme will consolidate the best proposals. He... 

Govt to meet social partners to finalise economic recovery plan – Ramaphosa
President Cyril Ramaphosa

L2D remains focused on adapting to changing retail landscape

By: Marleny Arnoldi     27th July 2020 JSE-listed real estate investment trust Liberty Two Degrees (L2D) in its results for the six months ended June reports that despite recording only 55% of the average footcount that was recorded in the six months ended June 30, 2019, July has started to see recovery to just over 60%. CEO Amelia... 

L2D remains focused on adapting to changing retail landscape
Liberty Two Degrees CEO Amelia Beattie

PRASA, railway equipment company managers arrested for theft

By: Irma Venter     27th July 2020 The Organised Crime Unit of the South Africa Police Service (SAPS) and the Protection Services of the Passenger Rail Agency of South Africa (PRASA) on the weekend arrested two suspects in possession of stolen PRASA assets, worth almost R2-million. One of the suspects is a PRASA branch manager at... 

PRASA, railway equipment company managers arrested for theft

Cautious optimism in used-car market, says AutoTrader 

By: Irma Venter     27th July 2020 There is reason for “cautious optimism” when it comes to the used-car market in South Africa, says AutoTrader CEO George Mienie. “Prices have begun to increase – albeit slightly – while cars are also selling faster than experienced earlier this year. Both of these factors bode well for the... 

Cautious optimism in used-car market, says AutoTrader

Steinhoff proposes $1bn settlement to solve legal disputes

By: Reuters     27th July 2020 South African retailer Steinhoff International said on Monday it had proposed a settlement worth up to around $1-billion to settle a stream of legal claims against it following a massive accounting fraud. Lawsuits worth billions of dollars are now the biggest challenge facing Steinhoff, which is... 

Fatality-free Amplats delivers higher earnings, declares dividend

By: Martin Creamer     27th July 2020 Platinum group metals (PGM) mining and marketing company Anglo American Platinum (Amplats) on Monday reported a robust set of financial results and a strong safety performance, illustrating the resilience of the business despite significant headwinds. The JSE-listed company delivered 6%-higher... 

Fatality-free Amplats delivers higher earnings, declares dividend
Anglo American Platinum CEO Natascha Viljoen.

Researchers build AI tool capable of identifying individual birds

By: Schalk Burger     27th July 2020 New research demonstrates for the first time that artificial intelligence (AI) can be used to train computers to recognise individual birds; a task humans are unable to do. Researchers from the FitzPatrick Institute of African Ornithology, based at the University of Cape Town (UCT); the French... 

1 2 3
4
5 6 7 8 9

Company Article

more

More Latest News

more

Latest Videos

more

Company Announcements

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