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Latest News

UCT still highest ranked in Africa despite Covid-19

By: Sane Dhlamini     6th September 2021 University of Cape Town vice-chancellor Professor Mamokgethi Phakeng is pleased with the institution’s latest Times Higher Education ranking, which sees it retain its top spot in Africa and come 183rd out of the more than 16 000 international institutions ranked. The THE World University Rankings... 

Local world-record rower joins Solar Capital as South Africa country manager

By: Marleny Arnoldi     6th September 2021 Renewable energy company Solar Capital has appointed the Row2Rio ocean rower Zirk Botha country manager of its South African operations. Solar Capital is a subsidiary of the Phelan Energy Group.  

A photo of Zirk Botha on his boat Ratel
Zirk Botha on his boat

Chery South Africa, WesBank sign financial services agreement

By: Irma Venter     6th September 2021 South Africa has signed an agreement with WesBank for the provision of financial services to the importer’s clients and dealers. The agreement includes the provision of vehicle finance solutions under the newly created Chery Finance.  

Image of the signing of the Chery SA and WesBank finance agreement

Embraer delivers its 1 500th business jet

By: Rebecca Campbell     6th September 2021 Brazilian major aerospace group Embraer has announced that it delivered its 1 500th executive, or business, jet to a client last week. The company achieved this milestone in only 20 years, while the industry average for reaching this number was 34 years. The 1 500th delivery by the group was a... 

Bidvest reports strong full-year financial, operational performance

By: Tasneem Bulbulia     6th September 2021 JSE-listed Bidvest says it achieved an “excellent financial and operating performance” for the financial year ended June 30, with trading profit up by 47.8% year-on-year to R7.9-billion and cash generated by operations up by 48.6% to R13.6-billion.  The group says these results reflect success in... 

RCL declares 80% higher total dividend as sugar, baking units deliver

By: Marleny Arnoldi     6th September 2021 “Exceptional performances” in its sugar and baking business units helped drive JSE-listed RCL Foods’ earnings growth for the financial year ended June 30. However, the company’s strong topline growth was offset by input pricing pressure in certain business units, owing to a significant rally in... 

RCL Foods' meat-free and vegan foods
RCL Foods' meat-free and vegan foods

N7 upgrade set to boost Swartland local economy – Sanral

By: Creamer Media Reporter      6th September 2021 The South African National Roads Agency Limited (Sanral) says the R600-million upgrade of the N7 between Rooidraai and Moorreesburg, in the Western Cape, holds major economic benefits for the Swartland region. “The scope of work entails widening the cross section of the N7 Section 8 for about 25... 

A photo of the Hopefield interchange on the N7 in the Western Cape
The N7 Hopefield interchange

ACWA says investor pitch well received as it gears up for IPO

By: Bloomberg     6th September 2021 ACWA Power, one of Saudi Arabia’s main vehicles for building renewable energy projects, said meetings with potential investors ahead of an initial public offering have gone “very well.” The company, half-owned by the kingdom’s sovereign wealth fund, is pushing ahead with an IPO it’s been... 

ARM earnings soar 136%, dividend up double plus

By: Martin Creamer     6th September 2021 The headline earnings of diversified mining company African Rainbow Minerals (ARM) soared 136% to a record R13-billion in the 12 months to June 30. The JSE-listed company, headed by executive chairperson Dr Patrice Motsepe, declared a final dividend of R20 a share, totalling R4 489-million. This... 

Creamer Media picture of the executive chairperson of African Rainbow Minerals.
Photo by Creamer Media
ARM executive chairperson Dr Patrice Motsepe

New Busa leadership to drive growth, BLSA’s Mavuso says

By: Tasneem Bulbulia     6th September 2021 In her weekly letter, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has welcomed the appointment of Business Unity South Africa (Busa) incoming president Bonang Mohale and deputy president Adrian Gore, during what she calls a “crucial time”. They take up the seats... 

BMW orders up $24bn worth of batteries as EV demand grows

By: Bloomberg     6th September 2021 BMW has boosted orders for batteries cells to keep pace with accelerating demand for electric cars that made up for more than 11% of deliveries during the half of the year. The German carmaker now has contracts for more than €20-billion worth of batteries, up from €12-billion previously, CEO... 

Military unit seizes power in Guinea, dissolves constitution

By: Bloomberg     6th September 2021 A group of soldiers seized power in Guinea and dissolved the nation’s constitution, according to a statement broadcast on state television. The announcement came hours after heavy gunfire erupted near the presidential palace in the capital, Conakry, earlier on Sunday morning. Agence France-Presse... 

Matjhabeng municipality: Rampant looting, illegal mining, theft could wipe out ailing entity

By: News24Wire      6th September 2021 Unemployment and closure of businesses in the Free State's mining towns has left one municipality with a burden of problems resting on its shoulders. The Matjhabeng local municipality servicing Allanridge, Odendaalsrus, Welkom, and Virginia, is now grappling with increasing unemployment. 

PwC Africa announces focus areas as part of global strategy

By: Schalk Burger     3rd September 2021 Advisory services multinational PwC Africa has announced its six focus areas to support the group's global New Equation strategy, which aims to deliver sustained outcomes for its clients. PwC Africa’s six key focus areas are trust; growth and value creation; environmental, social and governance... 

Municipality investing in a new wastewater treatment works, high school for Moorreesburg

By: Schalk Burger     3rd September 2021 The Swartland municipality, in the Western Cape, is upgrading the wastewater treatment works of rural town Moorreesburg at a cost of R122-million, says Western Cape Local Government, Environmental Affairs and Development Planning Minister Anton Bredell. The project is expected to be completed by... 

Eskom CEO says carbon capture being considered in South Africa

By: Bloomberg     3rd September 2021 Eskom Holdings, South Africa’s biggest emitter of greenhouse gases, is evaluating the use of carbon capture at power plants as part of decarbonisation plans to transform the coal-burning utility. The process that captures carbon-dioxide emissions would need to be financially viable, CEO Andre de... 

Polymer plastic waste management among the challenges facing African recyclers

By: Simone Liedtke     3rd September 2021 Waste management is one of the biggest challenges faced by the African recycled polymer supply chain and the continent’s waste management challenges urgently need to be dealt with, says Independent Commodity Intelligence Servcies (ICIS) plastic recycling analyst Carolina Holland. In an insight... 

Ramaphosa hints at yet more reforms as he predicts ‘massive investment’ in wake of electricity amendment 

By: Terence Creamer     3rd September 2021 President Cyril Ramaphosa has described a recently gazetted amendment to Schedule 2 of the Electricity Regulation Act, opening the way for sub-100 MW grid-tied embedded generators to supply one or more customers without a licence, as a “defining moment in energy generation in our country”.... 

President Cyril Ramaphosa in a face mask as he prepares to answer questions during a hybrid sitting of Parliament on Friday
President Cyril Ramaphosa in a face mask as he prepares to answer questions during a hybrid sitting of Parliament on Friday

Implats studying three new projects as three approved projects get under way  

By: Martin Creamer     3rd September 2021 Platinum group metals mining and marketing company Implats is studying three new projects at the same time as three already approved projects get under way at a combined capital expenditure of close to R12-billion, Implats CEO Nico Muller has announced. During this week’s presentation of record... 

Picture of Implats CEO Nico Muller provided by Implats
Implats record financial results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mediclinic Southern Africa enters R2bn renewables procurement deal 

By: Simone Liedtke     3rd September 2021 Diversified international private healthcare services group Mediclinic’s Southern Africa division has entered into an agreement, valued at up to £110-million, or about R2-billion, with Energy Exchange of Southern Africa to procure renewable electricity. As part of the group's broad environmental,... 

Pic of Wind Turbines and solar panels.

Parliamentary committee concerned about ongoing expenditure for 1 Military Hospital project

By: Schalk Burger     3rd September 2021 The Parliamentary Joint Standing Committee on Defence on September 3 said it was concerned about the unending repair and maintenance programme (Ramp) of the first floor of 1 Military Hospital, in Tshwane. The committee’s concerns are based on the cost implications involved, with more than... 

CSIR develops polymer composite for steel pipe maker for push-fit applications

By: Schalk Burger     3rd September 2021 The Council for Scientific and Industrial Research (CSIR) has developed a polymer composite solution for, and in partnership with, steel pipe manufacturer Hall Longmore. The solution advances Hall Longmore's aim to offer the South African water industry a localised push-fit application for... 

Nissan develops technology to halve recycling cost of rare earths

By: Reuters     3rd September 2021 Japan's Nissan Motor Co has developed a new technology to halve the cost of recycling rare earths used in magnet motors for electric vehicles (EVs), the company said on Friday. With tension simmering between China and the United States, automakers are trying to reduce their reliance on a key... 

South African business activity stabilised in August after unrest - PMI

By: Reuters     3rd September 2021  South African private sector activity stabilised in August after a sharp downturn in July amid civil unrest and Covid-19 lockdown measures, despite widespread supply chain issues, a survey showed on Friday. IHS Markit's Purchasing Managers' Index (PMI) rose to 49.9 in August from an 11-month low... 

Metals, engineering industry wage negotiations deadline extended to Sept 14

By: Donna Slater     3rd September 2021 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) reports that its affiliated employer associations – the National Employers Association of South Africa and the South African Engineers and Founders Association, have agreed to extend the deadline for concluding wage... 

An image of Seifsa CEO Lucio Trentini
Seifsa CEO Lucio Trentini

Company issued with prohibition notice for flouting health, safety regulations

By: Donna Slater     3rd September 2021 The alleged flouting of various health and safety regulations, and non-reporting of a major and serious incident, has resulted in a prohibition notice being issued by Department of Employment and Labour (DEL) inspectors to Coega Steel, in Gqeberha, in the Eastern Cape. The discovery of... 

Researchers using Joburg as live lightning research laboratory

By: Schalk Burger     3rd September 2021 The University of the Witwatersrand' (Wits') Johannesburg Lightning Research Laboratory (JLRL) is turning Johannesburg into a laboratory where live lightning events are measured and characterised through the use of high-speed cameras, direct current measurements, fast electric field measurements,... 

WBHO returns to profitability in a challenging climate

By: Tasneem Bulbulia     3rd September 2021 JSE-listed Wilson Bayly Holmes-Ovcon (WBHO) says it delivered significantly improved results for the full-year ended June 30, returning to overall profitability in what remained a challenging operating environment. The improved performance is primarily attributable to reduced losses in Australia,... 

Covid-19 disrupted private equity market, panel encourages local confidence

By: Simone Liedtke     3rd September 2021 The Covid-19 pandemic has been one of the largest disruptors to global industries in history and that includes the private equity (PE) market. That disruption has resulted in practical changes in how fundraising took place over the last year, PE company Actis partner Natalie Kolbe said this week. 

African airlines still need help to survive heavy losses from effects of Covid-19

By: Rebecca Campbell     3rd September 2021 As the Covid-19 pandemic continues to afflict Africa, with the number of deaths increasing while the rate of vaccination remains slow, the African Airlines Association (AFRAA) has warned that the lack of support from governments and development finance institutions for the continent’s aviation... 

Eskom debt remains a challenge as utility posts nearly R19bn loss  

3rd September 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the nearly R19-billion loss posted by power utility Eskom for the 2021 financial year, as well as about Eskom's still-high debt levels and what impact this could have on the utility's just energy transition... 

Photo of Terence Creamer
Eskom debt remains a challenge as utility posts nearly R19bn loss

TFR approaches customers on security levy to raise funds for rapid security overhaul 

By: Terence Creamer     3rd September 2021 State-owned railway utility Transnet Freight Rail (TFR) is approaching its customers about instituting a three-year security levy, which will be used to raise the funding needed for the rapid deployment of technology-based security solutions across a network that is currently collapsing under the... 

A photo of a TFR locomotive

Magazine round up | 03 September 2021 

3rd September 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Cover image of Engineering News and Mining Weekly magazine
Magazine round up | 03 September 2021

South Africa’s radio telescope success stimulates international expansion investment

By: Rebecca Campbell     3rd September 2021 The South African Radio Astronomy Observatory (SARAO) has already awarded the contracts for the construction of the infrastructure required for the expansion of the country’s world-leading MeerKAT radio telescope array. Located in the Karoo region, roughly west of the Northern Cape town of... 

Cover image of Engineering News and Mining Weekly magazine

Focus on South Africa’s critical PGMs supply role increasing – Implats 

By: Martin Creamer     2nd September 2021 The critical role South Africa plays in the supply of platinum group metals (PGMs) is gaining increasing focus, Implats said on Thursday. Following a period where South Africa’s relevance and the country’s importance tended to be discounted on the assumption that sourcing could be done from... 

Picture from Impats of Emma Townshend
Implats executive corporate affairs Emma Townshend

CLAB Africa initiative aims to raise African climate, biodiversity science voices on national, international stages

By: Schalk Burger     2nd September 2021 The Climate, Land, Agriculture and Biodiversity (CLAB) Africa project is making progress towards its aim to leverage the grassroots insights of African scientists to inform policies and drive climate change, biodiversity and food and water security actions within nations, as well as to provide... 

Eskom ponders options for debt recovery from Emfuleni municipality

By: Marleny Arnoldi     2nd September 2021 Power utility Eskom has won a summary judgment against the Emfuleni local municipality for R1.3-billion, which the municipality owes the State-owned entity for unpaid bulk electricity services in 2019. The R1.3-billion was part of a total debt of R1.9-billion, which the local government had... 

Dask to manufacture Saint-Gobain bonding tapes in South Africa

By: Tasneem Bulbulia     2nd September 2021 Engineering consumables manufacturer and distributor Dask Distributors has partnered exclusively with Saint-Gobain Tapes Solutions to locally manufacture automotive bonding tapes for original-equipment manufacturers (OEM) assembly plants in South Africa. Dask Distributors notes that it is now... 

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