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Nuclear is a solution to Eskom’s woes 
By: Mamaili Mamaila 17th May 2019 The success of all the countries that have undertaken large nuclear programmes shows that nuclear energy is a credible solution to State-owned power utility Eskom’s power challenges, says retired Eskom chief nuclear officer David Nicholls. →
President's correct, S Africans need to act together to realise economic opportunities – Baissac 
By: Martin Creamer 14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... →
Vodacom reports full-year profit decline, but rise in service revenue
By: Natasha Odendaal 13th May 2019 JSE-listed Vodacom on Monday posted muted growth in earnings and a rise in service revenue for the financial year ended March 31. The telecommunications giant reported earnings a share of 867c for the 12 months under review, an 8.7% decline on the prior year, along with a 6.6% year-on-year... →
Redefine maintains sustained growth, value creation despite difficult local climate
By: Tasneem Bulbulia 6th May 2019 JSE-listed Redefine Properties, which increased its distribution for the six months ended February 28 by 4% to 49.2c, maintained a strong platform for sustained growth and value creation despite ongoing economic and political uncertainty. The South Africa-based real estate investment trust holds... →
Mantashe urges continued investment in clean coal tech
By: Tasneem Bulbulia 12th April 2019 Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery. He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is... →
Hydrogen and platinum at centre of climate change solution – Anglo
By: Martin Creamer 11th April 2019 Hydrogen is at the centre of the solution to climate change and platinum, in turn, is at the centre of hydrogen, London-based Anglo American executive head of market development Benny Oeyen emphasised when he spoke to Mining Weekly Online on the sidelines of this week’s Platinum Group Metals... →
Education important for future of industry – Cesa
By: Cameron Mackay 5th April 2019 Consulting engineering association Consulting Engineers South Africa (Cesa) president Neresh Pather says introducing new technology subjects at technical high schools will play a critical role in preparing future generations for the Fourth Industrial Revolution (4IR) and the general consulting... →
Big business aims to ‘scale up’ ten black firms to R500m-plus enterprises in five years
By: Terence Creamer 28th March 2019 Big business in South Africa unveiled a new initiative on Thursday aimed at deliberately accelerating, over the coming five years, the expansion of ten established black-owned companies into “substantial” enterprises with yearly revenues of more than R500-million. Discovery CEO Adrian Gore... →
Cummins consolidates business units at new multimillion-rand premises
By: Tasneem Bulbulia 27th March 2019 Global power company Cummins on Wednesday officially launched the “Power Hub”, its new multimillion-rand premises in the business area of the Waterfall Logistics Precinct, in Waterfall City, in Midrand. The new premises has enabled the company to consolidate its various services and sales... →
Traxtion unveils new facility to provide locomotive rebuild, overhaul services for Africa
By: Simone Liedtke 26th March 2019 Private locomotive and rail operator Traxtion on Tuesday showcased its new maintenance and refurbishment facility, in Rosslyn, as part of its plans to increase its capacity to provide locomotive rebuild and overhaul services for Africa. The facility is on the third phase of a planned eight-phase... →
Afrox FY18 HEPS fall amid adverse operating environment
By: Simone Liedtke 6th March 2019 Adverse movements in JSE-listed African Oxygen’s (Afrox’s) operating environment resulted in the company’s headline earnings per share (HEPS) for the year ended December 31, 2018, decreasing by 23% year-on-year to 154.9c. Basic earnings per share (EPS) decreased by 29% to 144.8c, while diluted... →
Post-Sona blues
By: Aubrey Matshiqi 1st March 2019 The 2019 State of the Nation address (Sona) will be remembered for two things in the main: the anger with which some social partners greeted the announcement by President Cyril Ramaphosa that State-owned electricity utility Eskom would be unbundled into three independent entities and the... →
Sasol to accelerate portfolio ‘simplification’ as review of 100 assets nears completion
By: Terence Creamer 25th February 2019 Chemicals and energy group Sasol confirmed on Monday that its asset review was at an advanced stage and indicated that it would, in the coming months, accelerate efforts to simplify its portfolio. The group has indicated previously that it expects to realise more than $1-billion from the disposal... →
Now is the time to focus on Industry 4.0 – CEA chairperson
By: Shannon de Ryhove 22nd February 2019 With 2019 ushering in new executive leadership at employer and employee representative association, the Constructional Engineering Association of South Africa (CEA), chairperson Rajen Govender believes that it is the ideal time to focus on the association and industry’s readiness for the Fourth... →
AfriSam expects ‘tough 2019’ amid continuing political, policy uncertainty
By: Simone Liedtke 21st February 2019 Construction materials company AfriSam CEO Rob Wessels expects “a tough 2019”, especially amid ongoing political and policy uncertainty. Wessels was, on Thursday, joined by political analyst Aubrey Matshiqi and AfriSam sales and marketing executive Richard Tomes at a briefing post Finance... →
Electrical equipment group aims to penetrate new markets with integrated offering
By: Terence Creamer 12th February 2019 Electrical products manufacturer Zest WEG Group has added an integrated-solutions offering to its products-oriented sales strategy in a bid to penetrate market segments in which there is a growing appetite for all-encompassing solutions. The South African company is the fifth largest branch... →
Steel group to approach Nersa for power-tariff relief
By: Terence Creamer 7th February 2019 Steel producer ArcelorMittal South Africa (AMSA) says it will submit site-specific applications to the National Energy Regulator of South Africa (Nersa) to secure tariff relief from Eskom for its operations in Gauteng, KwaZulu-Natal and the Western Cape. The submissions will be made in line with... →
AMSA reports first profit since 2010 on back of higher steel prices
By: Terence Creamer 7th February 2019 Following years of sustained losses, steel producer ArcelorMittal South Africa (AMSA) reported a full-year profit in 2018, on the back of a 12% rise in average realised prices and a 5% increase in sales volumes, supported by a 21% rise in export sales. The company last reported a full-year profit... →
Ramaphosa challenges mining to take ten value-adding steps
By: Martin Creamer 5th February 2019 President Cyril Ramaphosa on Tuesday challenged the mining industry to take ten value-adding steps to hoist the industry into a potent new orbit across the entire continent. Addressing the Investing in African Mining Indaba, the president said he wished to issue a challenge against the background... →
South32’s South Africa Energy Coal expresses concern about Eskom’s fragile state
By: Kim Cloete 4th February 2019 Mining and metals company South32 says it is concerned about the challenges that have increasingly threatened the stability of South African power utility Eskom and needs to ensure the continuity of supply of its coal to Eskom in the long run. South32’s South Africa Energy Coal (SAEC) company... →
Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year
By: Nadine James 30th January 2019 State-owned utility Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral”, Minerals Council South Africa chief... →
Ramaphosa identifies growth as the 'one goal' of his Presidency
By: Terence Creamer 29th January 2019 South African President Cyril Ramaphosa has identified higher economic growth as the overarching goal of his Presidency and has urged business leaders to partner with government to put in place the building blocks required for achieving growth rates of higher than 5%. South Africa dipped into a... →
Automotive sector to prioritise local, specialised component manufacturing
By: Marleny Arnoldi 29th January 2019 Vehicle manufacturer Toyota South Africa (Toyota SA) on Tuesday pointed to localisation and specialised component manufacturing as the top priorities in the five-year Automotive Sector Business Plan. Toyota SA president and CEO Andrew Kirby presented the plan on behalf of the automotive sector at... →
Business outlines five partnership priorities as it calls for new growth framework
By: Terence Creamer 29th January 2019 Business Unity South Africa (Busa) president Sipho Pityana has called for a “new framework for growth” that addresses, through public-private partnerships, the economic risk being posed by high levels of inequality. Speaking at Busa’s inaugural Business Economic Indaba in Johannesburg on Tuesday,... →
Agricultural sector plan prioritises job creation, agroprocessing
By: Marleny Arnoldi 29th January 2019 Agbiz CEO Dr John Purchase on Tuesday shared the agricultural sector’s five-year business plan at the Business Unity South Africa Business Economic Indaba, held in Midrand. The plan for this sector prioritised the recovery of jobs lost as a result of the drought in the country and to continue... →
World Bank says Eskom debt restructuring should be coupled to power market reform
By: Terence Creamer 23rd January 2019 World Bank country director Paul Noumba Um believes the South African government is moving in the “right direction” by pursuing discussions on possible debt relief for Eskom in conjunction with plans for restructuring the utility and overhauling the architecture of domestic power market. He also... →
CEOs to be more cautious this year as uncertainty, pessimism prevail – PwC
By: Simone Liedtke 22nd January 2019 There are consistent trends in the 2018 and 2019 results of PricewaterhouseCoopers’ (PwC’s) annual CEO survey, with global CEOs – including those based in South Africa – plagued by pessimism and uncertainty in the new year. According to the survey, which was released on Monday, caution among CEOs... →
World Bank says confidence not enough to lift South Africa’s growth prospects
By: Terence Creamer 22nd January 2019 The World Bank expects South Africa's growth to pick up modestly in 2019 to 1.3% on the back of several “promising” policy announcements made by President Cyril Ramaphosa’s administration in 2018. It expects the economy to expand by 1.7% in 2020. Nevertheless, the bank believes that the country’s... →
ISAF Ithubalethu launches IPO for student accommodation
By: Tasneem Bulbulia 21st January 2019 Inkunzi Student Accommodation Fund (ISAF) Ithubalethu is aiming to counter the shortage of affordable student accommodation, while enabling access to the property market for the general public, and delivering returns to investors, ISAF Ithubalethu CEO Owen Nkomo outlined on Monday, during a... →
African entities urged to be proactive in growing the continent's economies
By: Tasneem Bulbulia 17th January 2019 Africa is sitting on the financial periphery and the onus is on entities on the continent to take proactive measures to grow countries’ economies and drive market reforms, Deloitte Africa Emerging Markets MD Dr Martyn Davies said on Thursday. Speaking at the Deloitte Africa in 2019 Outlook... →
Enforcing local procurement rules would help offset weak demand
By: Terence Creamer 14th December 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) wants government to take decisive action in 2019 to ensure that departments and State-owned companies (SoCs) honour their obligations to purchase designated steel products from domestic manufacturers. The organisation is also... →
SA demolition firm’s work at Duvha power station receives international acclaim
14th December 2018 Jet Demolition has won the Industrial Demolition Award at the World Demolition Awards for the fast-track demolition of a damaged boiler structure at power utility Eskom’s Duvha power station, in Mpumalanga. The awards were held in Dublin, Ireland, in November. The awards are hosted by Demolition... →
Education at forefront for materials handling institute
By: Khutso Maphatsoe 14th December 2018 The committee of the South African Institute of Materials Handling (SAIMH) aims to reverse the trend of constantly declining institute membership by actively running training workshops and lectures to educate members and people that are new to the industry about the industry. According to SAIMH... →
A reflection on 2018
By: Aubrey Matshiqi 14th December 2018 Almost a year ago, Cyril Ramaphosa was elected president of the African National Congress (ANC) at the Nasrec national conference of the ruling party. Two months later, he became the President of the republic. His election was greeted with a great sense of euphoria, optimism and hope. The end of... →
Mashaba seeks to reignite entrepreneurship, address infrastructure challenges
By: Marleny Arnoldi 10th December 2018 Johannesburg Mayor Herman Mashaba on Monday said the mayoral committee has approved another 100 buildings to be released for private sector development, as part of the metro’s inner city development programme. Following this, national government will give its stamp of approval and the... →
Sugar dumping remains a crisis for industry
By: Paige Müller 7th December 2018 While national government has shown a willingness to protect the sugar industry against corrosive trade-dumping practices, nonprofit anti-dumping organisation FairPlay founder Francois Baird emphasises that government’s ineffective administrative processes have made its previous attempts at... →
Another Eskom equity injection mooted amid R15bn loss warning
By: Terence Creamer 28th November 2018 South Africa’s debt-laden electricity utility Eskom is in discussions with government about yet another equity injection, as well as various possible “debt-relief” options, as part of a turnaround plan, which chairperson Jabu Mabuza insists needs to be implemented immediately if the company is to... →
MTN South Africa reaches 90% LTE coverage
By: Natasha Odendaal 27th November 2018 Telecommunications giant MTN South Africa’s long-term evolution (LTE)/fourth-generation (4G) technology now covers 90% of South Africa after the company deployed its 11 000th LTE site in Qatywa, in rural Eastern Cape. MTN South Africa’s coverage had reached 88% by August and the deployment of the... →
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