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Latest News

YES helps position S Africa as credible springboard into continent again 

By: Marleny Arnoldi     17th May 2019 Foreign direct investment is critical to the development of the South African economy and some innovative thinking by the Department of Trade and Industry has turned recently gazetted amendments regarding the Youth Employment Service into an additional arrow in the DTI’s quiver on a recent... 

We need to get our 'house in order' to fix our 'brokenness' – Eskom exec

By: News24Wire      17th May 2019 Eskom Chief Operating Officer Jan Oberholzer has appealed to staff to help the power utility fix its "brokenness". In a leaked memo, which had various pictures attached of poor workmanship, Oberholzer called on staff to be accountable and to take "ownership" of the work and tasks they do.... 

 We need to get our 'house in order' to fix our 'brokenness' – Eskom exec
Photo by Creamer Media's Dylan Slater
Eskom COO Jan Oberholzer

Local expo to showcase South Africa’s manufacturing capabilities 

By: Simone Liedtke     17th May 2019 Determined to broaden the inclusion of local manufacturers in local and international supply chains, the South African Capital Equipment Export Council has partnered with Specialised Exhibitions Montgomery to launch the Local Southern African Manufacturing Expo, which has, so far, received over 3... 

Local expo to showcase South Africa’s manufacturing capabilities
South African Capital Equipment Export Council CEO Eric Bruggeman

Pioneers and projects that shone at African Power, Energy & Water Industry Awards

By: Kim Cloete     17th May 2019 A dynamic South African leader in renewable energy, a former influential government minister in Ethiopia, the Ghana Grid Company and a range of renewable energy projects were among the winners at the annual African Power, Energy & Water Industry Awards announced in Cape Town this week. The... 

Time to engage

By: Terence Creamer     17th May 2019 The mood at the media conference hosted in February at the National Union of Mineworkers (NUM) 7 Rissik Street head office in downtown Johannesburg was beyond angry. President Joseph Montisetse reported that the union was “bitterly dismayed” at the decision of its former general-secretary,... 

Time to engage

Opinion: How could South Africa depoliticise its electricity planning process?

By: Tobias Bischof-Niemz     17th May 2019 As South Africans know all too well, the processes involved in drafting and approving an Integrated Resource Plan (IRP) for electricity are emotive, opaque and highly political. It took nearly ten years to update the initial IRP 2010, despite the fact that the document lost relevance almost from... 

Opinion: How could South Africa depoliticise its electricity planning process?
Photo by Creamer Media
Dr Tobias Bischof-Niemz

Collaboration seen as key as SA moves to position for 4IR epoch 

By: Natasha Odendaal     17th May 2019 While President Cyril Ramaphosa’s Fourth Industrial Revolution (4IR) visions for South Africa are gaining some traction, the success of a new digital future will require extensive coordination and deep collaboration across every sphere and sector. Following a technology-centred State of the... 

Collaboration seen as key as SA moves to position for 4IR epoch

PPPs could help ailing municipal water sector, suggests NBI

By: Kim Cloete     16th May 2019 A series of public–private partnerships with municipalities could help ailing local water and sanitation departments (WSDs), many of which face challenges ranging from deteriorating infrastructure to declining water quality and poor governance. According to the National Business Initiative,... 

Eaton acquires controlling interest in Turkish company

By: Kim Cloete     16th May 2019 Power management company Eaton has acquired a controlling interest in Ulusoy Elektrik, a manufacturer of medium-voltage electrical equipment based in Ankara, Turkey. The acquisition will help Eaton develop innovative power solutions for the African market. “The acquisition of Ulusoy Elektrik... 

South Africa’s long-term growth outlook remains weak, warns Moody’s 

By: Simone Liedtke     16th May 2019 With South Africa’s sixth democratic election having run its course, ratings agency Moody’s expects the country’s new government, once formed, to put forward not just steady policies, but also to continue tackling the country’s main challenges, namely low growth, steadily rising debt, leveraged... 

South Africa’s long-term growth outlook remains weak, warns Moody’s

New skills needed for people to succeed in the 4IR workplace 

By: Marleny Arnoldi     16th May 2019 As the world continues to evolve and adapt to the Fourth Industrial Revolution (4IR), education is no longer the only requirement for success in the workplace. Skills such as communication, learning, attitude and emotional intelligence have also become important, economist Mike Schüssler said... 

New skills needed for people to succeed in the 4IR workplace
Economist Mike Schussler

Land Bank reshuffles executive after CEO's resignation

By: African News Agency      16th May 2019 The Land and Agricultural Development Bank of South Africa on Thursday appointed its head of internal audit Yatheen Ramrup, as acting CFO to support Konehali Gugushe in her capacity of acting chief executive. Ramrup is a chartered accountant who articled with Ernst & Young and has an extensive... 

Toyota targets wider market with new Quantum, retains old model for taxi industry

By: Irma Venter     16th May 2019 Toyota this week unveiled a new generation Quantum minibus, but says it will retain the old Quantum for use by South Africa’s minibus taxi industry. While the new generation Quantum will be imported, the old one will still be produced at Toyota South Africa Motors’ (TSAM’s) plant, in Durban. 

 Toyota targets wider market with new Quantum, retains old model for taxi industry
The new Quantum

Finance professionals urged to become proficient in digital technologies

By: Tasneem Bulbulia     16th May 2019 The Chartered Institute of Management Accountants (Cima) has emphasised the need for finance professionals to embrace digital technology. This was highlighted during a Future of Finance discussion, hosted by Cima on Wednesday, which explored how finance is being redefined in terms of a digital... 

Tongaat Hulett, lenders to consider standstill agreement

By: Reuters     16th May 2019 Tongaat Hulett said on Thursday it was looking to negotiate a standstill agreement with its lenders, which had already agreed to waive some of their rights related to their loans to the troubled sugar producer. The news supported Tongaat shares, which have been under pressure since it issued a... 

Sakeliga welcomes Radebe's decision on private electricity generation

By: African News Agency      16th May 2019 Business organisation Sakeliga on Thursday welcomed Energy Minister Jeff Radebe's decision to allow private businesses to generate their own power and feed it into the grid. The energy department this week confirmed Radebe gave the National Energy Regulator of South Africa the go ahead to licence... 

Sakeliga welcomes Radebe's decision on private electricity generation
Energy Minister Jeff Radebe

Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission 

By: African News Agency      16th May 2019 Transnet acting CE Mohammed Mahomedy continued his testimony at the Zondo commission of inquiry into State capture on Thursday, further detailing how the State-owned entity was bleeding billions of rands as a result of irregular contracts and interest rate swaps. Mahomedy told the commission... 

Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission
Photo by Creamer Media's Dylan Slater
Transnet acting CE Mohammed Mahomedy

Datatec expects continued improvements following a strong 2019 performance

By: Simone Liedtke     16th May 2019 International information and communications technology (ICT) company Datatec’s integration and managed services division, Logicalis, produced strong results for the financial year ended February 28, despite emerging market currency headwinds, especially in its key Latin America region, CEO Jens... 

Emira expands US portfolio with two equity investments

By: Simone Liedtke     16th May 2019 Emira Property Fund has made two further equity investments into grocery-anchored dominant shopping centres in Texas, in the US. Emira has now assembled a portfolio of eight value-focused retail centre assets in the US. 

Power Africa moves towards its goal of bringing more energy to the continent

By: Kim Cloete     16th May 2019 Power Africa, which was launched by former US President Barack Obama six years ago, is working towards its target of providing energy access to an additional 60-million new homes and businesses and adding 30 000 MW of cleaner, more efficient electricity generation capacity on the African... 

$62m Zimbabwe smelter heeds local beneficiation call 

By: Martin Creamer     16th May 2019 The $62-million smelter at Unki Mine’s existing complex is a strategic investment, which meets local beneficiation commitments, Anglo American Platinum said on Thursday, when it opened the completed installation at a ceremony in Shurugwi, Zimbabwe. The smelter investment is indicative of the... 

$62m Zimbabwe smelter heeds local beneficiation call
Matte casting at the new smelter at Anglo American Platinum’s Unki Mine in Zimbabwe.

Eskom's Mabuza says South Africa facing 'unemployment time bomb'

By: Bloomberg     16th May 2019 South Africa needs to increase state support in education as well as private sector involvement to avoid devastating job losses, according to Eskom chairperson Jabu Mabuza. “Our overriding objective should be to maximize the impact of policy interventions through labor-absorbing growth,” Mabuza,... 

Desalination plant ends contract with City of Cape Town, plans to sue

By: News24Wire      16th May 2019 Quality Filtration Systems (QFS), the V&A Waterfront desalination plant owner, has terminated its water supply contract with the City of Cape Town and will pursue legal action. The City was notified of this decision on May 7, GroundUp reports. "The City is disappointed with this unilateral... 

Energy in focus following elections 

16th May 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about President Cyril Ramaphosa’s focus on Eskom and South Africa’s energy sector as he considers the appointment of a new Cabinet, as well as the changes on the regulatory front with regard to small-scale embedded... 

Energy in focus following elections
Energy in focus following elections

Transnet CEO tells Zondo Inquiry of irregularly awarded contracts

By: African News Agency      16th May 2019 Transnet's acting group chief executive, Mohammed Mahomedy, on Wednesday told the Zondo Commission that a review of tender documents by Transnet's new board revealed that several contracts at the state-owned freight operator had been entered into irregularly.  Mahomedy was acting CFO at Transnet... 

Presidency slapped with hefty R29.9bn claim over Lesotho diamonds

By: News24Wire      16th May 2019 A diamond mining company has filed a R29.9-billion claim against President Cyril Ramaphosa and his government as a near three-decade-long dispute over expropriated diamond mining rights in Lesotho reaches South African courts again. Josias van Zyl, MD of Swissbourgh Diamond Mining, is arguing... 

User experience lab could assist in product development, government programmes  

16th May 2019 Global consulting firm Nihilent officially launched its first user experience laboratory on the African continent last month. The facility, located in Bryanston, is the second of its kind globally and was inaugurated by Public Enterprises Minister Pravin Gordhan. Nadine James has the story. 

User experience lab could assist in product development, government programmes
User experience lab could assist in product development, government programmes

Mozambique power utility begins the long process of recovery following cyclones

By: Kim Cloete     15th May 2019 Mozambique’s energy sector is trying to get back on track following the devastation wreaked on its power system by Cyclone Idai in March and cyclone Kenneth in April.   Electricity Company of Mozambique chairperson and CEO Aly Impija told delegates attending the African Utility Week, in Cape... 

Positive reaction to Radebe’s lifting of licence restraints on small-scale power plants 

By: Terence Creamer     15th May 2019 Industry has reacted positively to revelations that Energy Minister Jeff Radebe has written to the National Energy Regulator of South Africa (Nersa) indicating that it should begin to license small-scale embedded generation (SSEG) projects with capacities of above 1 MW. Business Day reported on... 

Positive reaction to Radebe’s lifting of licence restraints on small-scale power plants

Sanedi launches two solar heating system projects

By: Marleny Arnoldi     15th May 2019 South African National Energy Development Institute (Sanedi) on Wednesday launched the first solar district heating system in South Africa at the University of the Witwatersrand’s (Wits’) Junction Campus, as well as the largest solar process heat system in sub-Saharan Africa at the Klein Karoo... 

Sanedi launches two solar heating system projects

Antibribery, corruption compliance programme critical to combatting corruption – CDH

By: Simone Liedtke     15th May 2019 The cost of corruption, globally, is estimated at $2.6-trillion a year, of which the private sector contributes about $515-billion a year, Cliffe Dekker Hofmeyr dispute resolution executive consultant Willem Janse van Rensburg said on Wednesday. “It constitutes a massive illegal and fraudulent... 

Rescue practitioners expect proceeds of R709m from initial Group Five disposals 

By: Terence Creamer     15th May 2019 Business rescue practitioners (BRPs) at construction firm Group Five reported on Wednesday that the disposal of stakes in three companies, together with sale of plant, assets and property, is expected to yield proceeds of R709-million. Group Five’s shares were suspended in March after the company... 

Rescue practitioners expect proceeds of R709m from initial Group Five disposals

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit 

By: Martin Creamer     15th May 2019 Platinum group metals and chrome mining company Tharisa Minerals has not allowed lower half-year production, profit and cash flow to get in the way of declaring an interim dividend. The Johannesburg- and London-listed company declared a $0.005-a-share payout on earnings a share of $0.4c, in... 

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit
Photo by Creamer Media
Tharisa Minerals CEO Phoevos Pouroulis.

Nersa slams Mashaba’s ‘misleading’ statement on municipal tariff increase 

By: Sashnee Moodley     15th May 2019 The National Energy Regulator of South Africa on Wednesday hit back against City of Johannesburg Mayor Herman Mashaba, following his statement that Nersa was rewarding corruption at State-owned power utility Eskom with a municipal tariff increase. The City of Johannesburg issued a statement on... 

Nersa slams Mashaba’s ‘misleading’ statement on municipal tariff increase
City of Johannesburg Mayor Herman Mashaba

Eskom 'too big to fail' and won't be privatised, Ramaphosa tells investors 

By: News24Wire      15th May 2019 President Cyril Ramaphosa reiterated at an investment conference in Johannesburg on Wednesday that struggling power utility Eskom would not be privatised, adding it was "too big to fail".  Ramaphosa was delivering his first major post-election economic address at a conference hosted by the... 

 Eskom 'too big to fail' and won't be privatised, Ramaphosa tells investors
President Cyril Ramaphosa

Cabinet to be restructured to benefit economy – Ramaphosa

By: African News Agency      15th May 2019 President Cyril Ramaphosa on Wednesday assured a gathering of investors in Johannesburg that his Cabinet will be restructured to bolster plans to grow South Africa's economy. "The structure of Cabinet in the sixth administration will enable government to focus on generating higher economic... 

Cabinet to be restructured to benefit economy – Ramaphosa
President Cyril Ramaphosa

Zimbabwe platinum mines to ride out power cuts, gold output less secure 

By: Reuters     15th May 2019 Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said. State utility ZETDC this week started indefinite rolling power cuts... 

Coca-Cola outlines its work on replenishing water in Africa

By: Kim Cloete     15th May 2019 Multinational beverage company Coca-Cola has outlined its efforts to replenish the water it uses through partnerships and projects across communities in Africa. “The company has made significant strides in improving its water use over the past ten years and recently announced that three-million... 

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