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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,... →

Busa president Sipho Pityana addresses attendees at the Business Economic Indaba. Video and editing: Nicholas Boyd

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... →

Agbiz CEO Dr John Purchase discusses the agricultural sector's five-year business plan. Video and editing: Nicholas Boyd.

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... →

World Bank country director Paul Noumba Um on restructuring of Eskom and the need for power-market reform. Camera Work & Editing: Darlene Creamer

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... →

PricewaterhouseCoopers (PwC) Africa CEO Dion Shango speaks to Engineering News Online about the 2019 results of the company's annual CEO survey. Video & Editing: Nicholas Boyd

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... →

World Bank progamme leader for equitable growth, finance and institutions Sebastien Dessus on South Africa’s 2019 growth outlook. Camera Work & Editing: Darlene Creamer. Recorded: 22.1.2019

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... →

Inkunzi Student Accommodation Fund Ithubalethu CEO Owen Nkomo outlines that fund’s IPO, and future prospects. Video and editing: Nicholas Boyd.

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... →

Deloitte Africa Emerging Markets MD Dr Martyn Davies outlines the strategy African entities should take this year to bolster economies on the continent. Video and editing: Nicholas Boyd.

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... →

Seifsa CEO Kaizer Nyatsumba reflects back on 2018 and offer insight into prospects for the metals and engineering sector n 2019. Camera Work & Editing: Nicholas Boyd

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... →

Jet Demolition MD Joe Brinkmann speaking about the Industrial Demolition Award that his company won for a project at power utility Eskom’s Duvha power station. Camerawork and Editing: Nicholas Boyd.

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... →

Materials handling organisation, South African Institute of Materials Handling chairperson Adi Frittella and treasurer and tutor Bruce Watts discuss the organisation and its role in the materials handling industry. Camerawork and Editing: Nicholas Boyd.

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... →

Aubrey Matshiqi reflects on 2018. (Camera & editing: Nicholas Boyd)

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... →

Johannesburg Mayor Herman Mashaba discusses city shortfalls. Video and editing: Nicholas Boyd

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... →

Anti-dumping organisation FairPlay’s Lebogang Chaka discusses the impact of sugar dumping on the local industry. Camerawork and Editing: Nicholas Boyd

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... →

Eskom chairperson Jabu Mabuza on the utility's dire financial position and the board's proposed turnaround plan. Camera Work & Editing: Nicholas Boyd. 28.11.18

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... →

MTN South Africa CEO Godfrey Motsa discusses the milestone of achieving 90% 4G coverage in a short period of time. Camerawork and Editing: Nicholas Boyd.

Coal to remain significant part of South Africa’s energy generation mix

By: Simone Liedtke 21st November 2018 Notwithstanding recent and continued advances in the roll-out of renewable energy and energy efficiency measures, South African National Energy Development Institute (Sanedi) GM for cleaner fossil fuel use Professor Tony Surridge expects coal will continue to form a significant component of South... →

South African National Energy Development Institute GM for cleaner fossil fuel use Professor Tony Surridge speaks to Mining Weekly Online about South Africa's status quo surrounding carbon dioxide storage and utilisation. Video & Editing: Nicholas Boyd

South Africa’s coal output continues to decline

By: Simone Liedtke 20th November 2018 XMP Consulting senior coal analyst Xavier Prevost expects South Africa’s coal production to soon “drop drastically” as a result of low investment in new coal mining capacity and older mines reaching the end of their lives. Speaking to Mining Weekly Online on the sidelines of the Fossil Fuel... →

XMP Consultants senior coal analyst Xavier Prevost speaks to Mining Weekly Online on the sidelines of the Clean Coal Technologies conference about the current and future trends in coal production, trade and markets in South Africa. Video & Editing: Nicholas Boyd.

Jewel City development project marks sod-turning milestone

By: Tasneem Bulbulia 19th November 2018 The Jewel City development project in Johannesburg is coming to life, with the first sod turned on Monday and further development plans for the inner-city precinct unveiled. The sod-turning was attended by Johannesburg mayor Herman Mashaba and Sigma Capital executive chairperson Phuti Mahanyele. →

Sigma Capital executive chairperson Phuti Mahanyele details the Jewel City development project

PSG Wealth to move into Ingress development in Midrand

By: Marleny Arnoldi 16th November 2018 JSE-listed property developer Attacq and wealth management firm PSG Wealth on Friday held a sodturning ceremony to officiate the development of the Ingress office park, in the Waterfall precinct, in Midrand. PSG will take up residency in a four-storey 4 376 m2 building, with the construction... →

Attacq CEO Melt Hamman and PSG chairperson Willem Theron share details on the Ingress development in Midrand that will house PSG from August 2019. Video and editing: Nicholas Boyd.

Telkom delivers strong H1, retrenchment, retirement costs cut earnings

By: Natasha Odendaal 13th November 2018 Voluntary severance package (VSP) and voluntary early retirement package (VERP) costs have dragged down the earnings of JSE-listed Telkom during the first half of the year. Headline earnings per share (HEPS) for the six months ended September 30 declined by 3.3% to 288c apiece owing to a... →

Telkom CEO Sipho Maseko and CFO Tsholofelo Molefe discuss the groups financial results for the six months ended September 30. Video and video editing: Darlene Creamer 13.11.2018

Kubayi-Ngubane focuses on inclusivity, 4IR in discussions on STI White Paper

By: Marleny Arnoldi 9th November 2018 The South African National System of Innovation (NSI) is not yet fully inclusive and, since 1996, South Africa’s innovation performance, which is measured in patents and products, has been relatively flat, Science and Technology Minister Mmamoloko Kubayi-Ngubane said on Friday. →

Science and Technology Minister Mmamoloko Kubayi-Ngubane discusses the draft White Paper on Science, Technology and Innovation. Video and editing by Nicholas Boyd

Valve companies upgraded to Level 1 BBBEE status

By: Jessica Oosthuizen 9th November 2018 Valve manufacturer Ainsworth Engineering and its sister company valve distributor United Valve Company (UVC) are under new ownership and have been upgraded to Level 1 broad-based black economic empowerment (BBBEE) status. The initiative was funded by the Industrial Development Corporation and... →

Ainsworth Engineering and United Valves Company CEO Siyabonga Meyiwa and United Valves Company General Manager Ruben van Loggerenberg discuss the state of the valve industry and company developments. Camerawork and Editing: Nicholas Boyd.

Allied Steelrode launches second stretcher leveller to meet growing demand

By: Simone Liedtke 8th November 2018 As a result of increasing demand for stretched and flattened steel, local steel supplier and processing company Allied Steelrode on Thursday launched a second stretcher leveller at its Midvaal-based facility for the production of Allied Steelrode Stretcher Material (ASSM). Having the stresses of... →

Allied Steelrode executive director Warne Rippon and group CE Arun Chadha speak to Engineering News Online about the company’s most recent purchase, a second stretcher leveler, as well as some of the company’s corporate social investments in the Midvaal area. Video & Editing: Nicholas Boyd

South African, French companies collaborate on sustainable cities

By: Tasneem Bulbulia 6th November 2018 While there has been an ongoing push for environment-friendly practices and reducing harmful greenhouse-gas (GHG) emissions, in Africa, South Africa and France, growing urbanisation requires further efforts and an approach to engender sustainable cities for all citizens. This was outlined during... →

Business France trade development adviser Stefane Leny outlines the pioneer French-South Africa Sustainable City conference, its contribution to the countries’ bilateral relations, and the upcoming Pollutec event. Video and editing: Nicholas Boyd.

Intermodal transport systems vital for growth in South Africa, SADC region

By: Tasneem Bulbulia 23rd October 2018 Intermodal transport systems are vital for economic growth and development in South Africa and the Southern African Development Community (SADC) region, Gauteng Roads and Transport MEC Dr Ismail Vadi said during a presentation at the fifth edition of the South Africa-Italy Summit/Indaba on... →

Gauteng Roads and Transport MEC Dr Ismail Vadi outlines the need for intermodal transport systems in South Africa and the rest of the Southern African Development Community region. Video and editing: Nicholas Boyd.

SA and Italy seek to grow trade and investment partnerships

By: Tasneem Bulbulia 23rd October 2018 The fifth edition of the South Africa-Italy Summit/Indaba, held in Johannesburg on Tuesday, has emphasised the importance of bilateral trade relations and investment partnerships between the two countries. This year, trade between South Africa and Italy grew by 11% in the first seven months.... →

Italian ambassador to South Africa Pietro Giovanni Donnici speaks about bilateral trade relationships between South Africa and Italy, and Gauteng province director general Phindile Baleni outlines the province’s contribution. Video and editing: Nicholas Boyd.

This year marks new turning point for South African economy – economist

By: Simone Liedtke 22nd October 2018 Despite South Africa having experienced subpar economic growth in the last decade, financial services firm Citibank economist Gina Schoeman believes this year has marked a new turning point for the country. While the country's gross domestic product (GDP) growth is expected to be only 0.8% this... →

Citibank economist Gina Schoeman discusses the current state of South Africa's economy. Video and editing: Nicholas Boyd.

ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet

By: Simone Liedtke 15th October 2018 Luxury aviation company ExecuJet on Monday welcomed the first Pilatus PC-24 aircraft in Africa to its premises at Lanseria International Airport, in Johannesburg. ExecuJet, which held a photo opportunity on Monday, is the first business aviation company in Africa to operate and manage a Pilatus... →

Aviation company ExecuJet on Monday welcomed the first Pilatus PC-24 in Africa, to its premises based at Lanseria International Airport, in Johannesburg. Simone Liedtke reports. Video filming and editing: Nicholas Boyd.

Entries for inaugural Factory of the Year competition to close on Oct 31

By: Tasneem Bulbulia 15th October 2018 A.T. Kearney has extended the entry deadline for the inaugural South African Factory of the Year competition to October 31. The event is aimed at boosting competitiveness in the country’s ailing manufacturing sector. →

A.T Kearney manager Mark Saunders discusses the advantages of bringing its Factory of the Year competition to South Africa Video: Nicholas Boyd; Editing: Christo Greyling.

Air Products launches centralised acetylene facility

By: Tasneem Bulbulia 11th October 2018 Air Products has invested more than R90-million into a centrally located dissolved acetylene facility in Midvaal and decommissioning its two existing plants in Kempton Park, in Gauteng, and Pinetown, in KwaZulu-Natal. The company officially unveiled the new central facility on Thursday. →

Air Products MD Rob Richardson details that company’s new dissolved acetylene facility in Midvaal, and Midvaal executive mayor Bongani Baloyi outlines the impact for the area. Video and editing: Nicholas Boyd.

Divercity invests R2bn in Absa Towers, Jewel City redevelopments as part of inner city rejuvenation

By: Tasneem Bulbulia 10th October 2018 Divercity Urban Property Fund is investing R2-billion in two redevelopment projects – the Absa Towers Main building and Jewel City – in Johannesburg, as part of its strategy to create thriving mixed-use inner city precincts. This investment is the largest into the Johannesburg central business... →

Talis Property Fund chairman Tebogo Mogashoa outlines Divercity Urban Property Fund’s investment of R2-billion in the ABSA Towers Main building and Jewel City redevelopments for inner-city rejuvenation; and executive Mayor of the City of Johannesburg Herman Mashaba emphasises the city’s support for these projects. Video: Nicholas Boyd: Editing: Christo Greyling

Detailed Jobs Summit package includes R100bn for black industrial firms

By: Terence Creamer 4th October 2018 The detailed 84-page framework agreement unveiled by President Cyril Ramaphosa at the much-anticipated Jobs Summit on Thursday includes a reaffirmation of a commitment by the financial sector to invest R100-billion in black-owned industrial enterprises over the coming five years. Funding for... →

President Cyril Ramaphosa discusses the expected outcomes of the Jobs Summit and the importance of greater cooperation among social partners to grow the economy and create jobs. Video and editing: Nicholas Boyd.

Mercedes-Benz unveils self-driving, electric, interchangeable van vision

By: Irma Venter 4th October 2018 The future of the van is self-driving, electric and versatile, says Mercedes-Benz. The German manufacturer unveiled its Vision Urbanetic at the 2018 IAA Commercial Vehicle show in Germany last month. The envisaged new member of the Mercedes-Benz Vans family will be based on an all-electric... →

The Vision Urbanetic explained

No side-mirrors for new Actros truck, digital cab unveiled

By: Irma Venter 27th September 2018 The launch last week of the updated Mercedes-Benz Actros heavy truck in Germany saw the long-touted concept of the MirrorCam finally make its production debut. Gone are the large exterior side-mirrors in favour of two cameras, located outside the vehicle, and two 15-inch in-cab tablets that... →

The new Actros boasts technology that will perform an emergency stop if the driver fails to spot a pedestrian.

Aveng reports strong market interest in most of its noncore assets

By: Terence Creamer 26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... →

Aveng executive chairperson Eric Diack in conversation with Engineering News editor Terence Creamer on prospects for the group following some major interventions aimed at stabilising the balance sheet and turning around the struggling business. Camera Work & Editing: Nicholas Boyd. Recorded: 26.09.2018

Ascendis launches new strategic focus, announces positive FY18 results

By: Nadine James 25th September 2018 JSE-listed pharmaceutical company Ascendis Health on Tuesday announced a new strategic focus prioritising pharmaceutical and consumer healthcare. The company, which also reported on its results for the financial year ended June 30, plans to divest its biosciences businesses. →

CEO Thomas Thomsen discussing the company's new strategy and the need for divestment. Video and editing: Nicholas Boyd

Africa’s metals, engineering cluster needs to do more to attract investment

By: Marleny Arnoldi 21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. →

Seifsa chief economist Dr Michael Ade talks about the need for South Africa's metals and engineering sector to increase its exports throughout Africa, while IFC senior investment officer Paul Mukasa discusses financing in Africa. Video and editing: Darlene Creamer.

Phosa says South Africa should be ‘plotting’ a credible economic strategy

By: Terence Creamer 20th September 2018 Former African National Congress (ANC) treasurer-general Mathews Phosa made a forthright appeal on Thursday for the creation and implementation of a credible economic strategy, centred on growth and job creation, rather than “vague, ill-timed, conflicting and populist” policies. Speaking at the... →

Former African National Congress (ANC) treasurer-general Mathews Phosa on the need for a credible economic strategy, centred on growth and job creation, rather than 'vague, ill-timed, conflicting and populist policies'. Camera Work & Editing: Nicholas Boyd.

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