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Latest News

Cabinet Ministers’ meeting with Xolobeni community postponed

By: Simone Liedtke     24th April 2019 A delegation of Cabinet Ministers, led by Mineral Resources Minister Gwede Mantashe, which were to meet with the Xolobeni community, in the Eastern Cape, on Thursday, has postponed its visit to the area owing to the heavy rainfall that has led to flooding and damaged roads in the province. The... 

N1 highway project in Cape Town nearing completion

By: African News Agency      24th April 2019 The project to add a third lane to the N1 in both directions between Plattekloof Road and Old Oak Interchange in Cape Town is expected to be complete early next month. This is according to the Western Cape Department of Transport and Public Works (DTPW) which said the project would help ease... 

Defy showcases latest tech at new regional experience centre

By: Simone Liedtke     24th April 2019 Home appliance manufacturer Defy on Wednesday unveiled its regional experience centre, at its Midrand facility, to showcase its latest innovations. The centre also includes a museum documenting the progress the company has made since 1933. According to Defy regional marketing director Rajan... 

Defy showcases latest tech at new regional experience centre
Photo by Creamer Media's Dylan Slater
Home appliance manufacturer Defy's Midrand facility

South Sudan invites investment in agriculture, mining, oil

By: Marleny Arnoldi     24th April 2019 Since its official independence from Sudan in 2011, South Sudan has ripened the environment for investment in the country, which was apparent when the country’s Ministers on Wednesday met with South African investors and businesspersons during a roadshow, in Sandton, to discuss investment... 

CSIR analysis highlights positive contribution of renewables during 2019 load-shedding periods  

By: Terence Creamer     24th April 2019 South Africa’s fleet of utility-scale variable renewable energy plants contributed to limiting the extent of load-shedding instituted by Eskom during the first quarter of 2019 by 46%, new analysis by the Council for Scientific and Industrial Research research shows. The report adds that, absent... 

CSIR analysis highlights positive contribution of renewables during 2019 load-shedding periods

Tongaat to restate prior results after review

By: Reuters     24th April 2019 South African sugar producer Tongaat Hulett said on Wednesday it expects to restate prior financial information, after a review showed some accounting practices that might require remedial action. "The implementation of a turnaround plan resetting the financial and commercial priorities,... 

UCT adopts global ethics code, a first in Africa

By: Sashnee Moodley     24th April 2019 To ensure its researchers maintain the highest of ethical standards, the University of Cape Town has become the first African university to adopt the Global Code of Conduct for Research in Resource-Poor Settings. The UCT Senate explained that the adoption of the GCC was an important statement of... 

UCT adopts global ethics code, a first in Africa

Renergen publishes prospectus for proposed ASX listing

By: Creamer Media Reporter      24th April 2019 AltX-listed alternative and renewable energy business Renergen has, ahead of its planned listing on the ASX in May, announced a further increase in reserves at its subsidiary Tetra4’s Virginia project, in South Africa’s Free State province. The company, which on Wednesday published its prospectus... 

FAW SA aims to produce 1 200 trucks at its Coega plant this year 

By: Irma Venter     24th April 2019 FAW Vehicle Manufacturers South Africa (FAW SA) aims to assemble 1 200 trucks at its Coega plant, in the Eastern Cape, this year, slightly up from the 1 153 units produced last year. FAW SA sales and marketing GM Cheng Zhang says the local arm of the Chinese truck giant sold 986 units in the... 

FAW SA aims to produce 1 200 trucks at its Coega plant this year
Cheng Zhang

Occidental makes Anadarko bid, seeks to derail Chevron deal

By: Bloomberg     24th April 2019 Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38-billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76 a share in cash and stock, a premium of about 20% over Chevron’s April 12 agreement to buy... 

South Africa's 2018/19 maize crop seen down 15% on drought

By: Reuters     24th April 2019 South Africa is likely to harvest 15% less maize in 2018/2019 compared with the previous season after drought delayed plantings, a Reuters poll showed on Wednesday. The government's Crop Estimates Committee (CEC), which will provide its third production forecast for the 2018/2019 crop on... 

Bank report points to transport being next decarbonisation frontier 

By: Terence Creamer     24th April 2019 Newly released research by international banking group HSBC outlines a scenario for reducing transport emissions by 76% by 2040 through combining technology and regulation in a way that results in electricity, hydrogen and biofuels replacing oil as the primary fuel feedstock across transport... 

Bank report points to transport being next decarbonisation frontier

MTN converts Nigerian unit to public company before planned listing

By: Reuters     24th April 2019 MTN has converted its Nigerian unit into a public company from a private one before a planned listing on the Nigerian bourse in the first half of the year, the unit of the South African telecoms firm said. MTN Nigeria said the conversion was a legal requirement to prepare for the listing and that... 

Closure of Blantyre Airport’s main runway has forced changes to SAA operations

By: Rebecca Campbell     24th April 2019 South African Airways (SAA) announced on Wednesday that, because of the closing of the main runway of Malawi’s Chileka International Airport in Blantyre, also with effect from Wednesday (April 24), and until July 24 this year, the national flag carrier would not be able to operate services to... 

Closure of Blantyre Airport’s main runway has forced changes to SAA operations
Photo by Bob Adams/Creative Commons
A Bombardier Q400 airliner of SA Express

Johannesburg mayor announces R20bn investment for inner city

By: African News Agency      24th April 2019 Johannesburg mayor Herman Mashaba on Wednesday announced a R20-billion investment which he said was the single biggest property investment the city had ever made through private sector development. "Through the release of city properties to the private sector for redevelopment, the city expects... 

Johannesburg mayor announces R20bn investment for inner city
City of Johannesburg Mayor Herman Mashaba

Sanedi’s reflective roof coatings pilot moves to scale

By: Schalk Burger     24th April 2019 The South African National Energy Development Institute (Sanedi) on Wednesday announced that its Cool Surfaces Project has moved from collaboration to a completed, scaled-up project in Groblershoop, in the Northern Cape. Reflective roof coatings have reduced the indoor daytime temperatures at a... 

Sanedi’s reflective roof coatings pilot moves to scale
Reflective coating

Vanggatfontein coal deliveries to Eskom interrupted as striking miners dismissed 

By: Simone Liedtke     24th April 2019 Production at Wescoal’s Vanggatfontein mine, in Mpumalanga, will be suspended for six to eight weeks after the mining contractor dismissed its 274 employees at the mine following unlawful industrial action – that turned violent – earlier this month. The mining contractor and Wescoal have, on... 

Vanggatfontein coal deliveries to Eskom interrupted as striking miners dismissed

TPT activates disaster management plan following heavy rains, flooding

By: Simone Liedtke     24th April 2019 Transnet Port Terminals has activated its disaster management plan following the recent heavy rains and flooding that has impacted terminal operations at the Durban Container Terminal (DCT), as well as at the Durban and Richards Bay bulk, breakbulk and car terminals. Despite earlier disruptions,... 

Accor plans 60 new hotels in Africa, half of them in Egypt

By: Bloomberg     24th April 2019 Accor SA will open 60 new hotels in 14 countries in Africa in the next four years, its CEO for Middle East and Africa Mark Willis said. Over the next two years, the European hotel operator will open over half of them in Egypt, which Willis said was rebounding after “external factors” hurt the... 

SANDF remains on standby in flood-stricken KZN, EC

By: News24Wire      24th April 2019 The South African National Defence Force (SANDF) remains on high alert in KwaZulu-Natal (KZN) and Eastern Cape following deadly floods. At least 32 people have been confirmed dead on Tuesday and hundreds of residents have been displaced after their homes had been flooded. 

Transforming South Africa's fishing industry key to unlocking economic growth – Zokwana

By: African News Agency      24th April 2019 Substantive transformation in South Africa's fishing industry remains a challenge and requires a collective responsibility and focus given its potential to unlock economic growth, agriculture, forestry and fisheries minister Senzeni Zokwana has said. In a speech on Tuesday to launch the 2020... 

BMW to buy cobalt direct from Australia, Morocco for EV batteries

By: Reuters     24th April 2019 German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday. The announcement came as the London Metal Exchange (LME) launched an initiative... 

Hoërskool Driehoek walkway rebuilt following collaborative community effort

By: Simone Liedtke     24th April 2019 A newly built walkway was handed over to Hoërskool Driehoek, in Vanderbijlpark, at a sombre event on Monday. The handover, which was attended by school management and its governing body, parents, learners, various businesses and representatives of the Gauteng Department of Basic Education,... 

Hoërskool Driehoek walkway rebuilt following collaborative community effort
The newly built walkway at Hoërskool Driehoek, in Vanderbijlpark

China's Tsingshan expands plans for Zimbabwe steel plant

By: Reuters     24th April 2019 China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining,... 

Reserve Bank will likely keep interest rates steady at next MPC meeting – economist

By: News24Wire      24th April 2019 Interest rates are likely to remain unchanged at next month's meeting of the Monetary Policy Committee of the South African Reserve Bank, according to Sanisha Packirisamy, an economist at Momentum Investments. The MPC will start its three-day meeting on May 21. Reserve Bank governor Lesetja... 

Reserve Bank will likely keep interest rates steady at next MPC meeting – economist
Photo by Reuters
SARB governor Lesetja Kganyago

Sasol reaches beneficial operation of new alkoxylation production facility in China

By: Tasneem Bulbulia     23rd April 2019 Dual-listed integrated chemicals and energy company Sasol reached beneficial operation of its new alkoxylation plant in Nanjing, in China’s Jiangsu province, on April 18. “Sasol has successfully built the new facility by implementing state-of-the-art technology for alkoxylation plants,” Sasol... 

SACPCMP urges industry to be vigilant amid ‘construction mafia’ challenge

By: Tasneem Bulbulia     23rd April 2019 South African Council for the Project and Construction Management Professions (SACPCMP) registrar Butcher Matutle has urged the construction industry to be cognisant of the benefits of employing and recognising registered professionals, and “in doing so, remain strong in the resolve towards... 

Pandor opens Centre of Specialisation at False Bay college

By: Tasneem Bulbulia     23rd April 2019 Higher Education and Training Minister Naledi Pandor last week opened a Centre of Specialisation for mechanical fitters and riggers at the False Bay Technical and Vocational Education and Training (TVET) College. This brings to six the number of TVET colleges in the Western Cape that specialise... 

Magwanishe to launch first phase of revitalised Nkowankowa Industrial Park

By: Tasneem Bulbulia     23rd April 2019 Deputy Trade and Industry Minister Bulelani Magwanishe will officially launch the completed first phase of the revitalised Nkowankowa Industrial Park, in Tzaneen, on April 29. He is expected to be joined at the ceremony by Limpopo Economic Development, Environment and Tourism MEC Seaparo Sekoati,... 

Magwanishe to launch first phase of revitalised Nkowankowa Industrial Park
Contract workers Mogale Neo and Donation Monyela putting the touches to the vehicular access gate of Nkowankowa Industrial Park ahead of the launch next week

Defy South Africa celebrates R1.2bn investment milestone 

By: Shirley le Guern     23rd April 2019 A R121-million brownfield development at the Defy plant, in Jacobs, Durban, has seen the addition of an automated plant to manufacture top loader washing machines for both the local and export markets. Defy South Africa CEO Evren Albas, Turkish holding company Arçelik Global chief technology... 

Defy South Africa celebrates R1.2bn investment milestone
Trade and Industry Minister Dr Rob Davies

South African premium car market faces another tough year 

By: Irma Venter     23rd April 2019 The South African premium car market has seen four years of decline, ending 2018 below 50 000 units, says BMW Group South Africa CEO Tim Abbott. The first quarter of this year has also not signaled a turnaround, with sales below that of the first three months of 2018, he adds. The previous peak... 

South African premium car market faces another tough year
Tim Abbott

New technologies to change supply chain operating models, says Gartner

By: Schalk Burger     23rd April 2019 New technologies, such as blockchain, artificial intelligence (AI) and machine learning, can potentially and significantly disrupt existing supply chain operating models, information technology research and advisory multinational Gartner VP analyst Christian Titze said on Tuesday. Gartner... 

CMH’s full-year earnings decrease amid political, economic headwinds

By: Tasneem Bulbulia     23rd April 2019 As a result of the headwinds facing the domestic economy, Combined Motor Holdings (CMH) suffered an 8.3% year-on-year decrease in headline earnings a share to 305.2c for the financial year ended February 28. Widespread corruption, mismanagement of State-owned enterprises, uncertainty regarding... 

Post Office launches commemorative Mama Sisulu stamp

By: African News Agency      23rd April 2019 As part of the Mama Albertina Sisulu centenary, Communications Minister Stella Ndabeni-Abrahams together with the South African Post Office South Africa (Sapo) on Tuesday officially launched a commemorative stamp to honour the struggle stalwart's efforts during the apartheid era. Ndabeni-Abrahams... 

Post Office launches commemorative Mama Sisulu stamp
Duma Sisulu and Communications Minister Stella Ndabeni-Abrahams

Manuel vs EFF: I want to vindicate my name, as well as Sars and Treasury

By: News24Wire      23rd April 2019 Trevor Manuel says his court battle with the Economic Freedom Fighters is not only to clear his name, but also to protect the integrity of National Treasury and the South African Revenue Service (Sars). The former finance minister filed a founding affidavit at the high court in Johannesburg on... 

Manuel vs EFF: I want to vindicate my name, as well as Sars and Treasury
Photo by Creamer Media
Former Finance Minister Trevor Manuel

Global Witness welcomes LME’s new responsible sourcing rules 

By: Marleny Arnoldi     23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... 

Global Witness welcomes LME’s new responsible sourcing rules

JDA starts development on Jabulani node community facility

By: Marleny Arnoldi     23rd April 2019 One of the Johannesburg Development Agency’s (JDA’s) signature projects, the Jabulani node, has entered Phase 6B – the development of a community and recreational environment for people of all ages, including a Jabulani community facility and South African Football Association (SAFA) Safe Hub.... 

JDA starts development on Jabulani node community facility
Soweto Theatre

Businesses must seek finance to develop renewable energy, energy efficiency projects – Sanedi

By: African News Agency      23rd April 2019 The time is ripe for local businesses to seek finance in order to develop renewable energy and efficiency projects in the face of recent rotational blackouts and rising prices, the South African National Energy Development Institute (Sanedi) said on Tuesday. Sanedi urged businesses to consider... 

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