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Latest Videos
Transnet confirms legal review of 10-64 locomotive contracts 
By: Terence Creamer 11th November 2019 State-owned logistics group Transnet confirmed on Monday that it is initiating a legal review of the a R49-billion locomotive procurement contract, known as 10-64, having already declared the contracts irregular and unlawful. Speaking at the release of the group’s interim results, acting CEO... →
Steady progress being made to make South Africa a ‘competitive investment destination’
By: Terence Creamer 6th November 2019 President Cyril Ramaphosa outlined the “steady, but sure” progress being made to make South Africa a “more competitive investment destination” as he sought to consolidate an investment push designed to attract $100-billion (R1.2-trillion in 2018 exchange rates terms) of fixed investment over the... →
Sasol sets out plan to cut emissions by 10% by 2030
By: Marleny Arnoldi 5th November 2019 Petrochemicals giant Sasol is targeting a 10% reduction in its greenhouse gas (GHG) emissions by 2030, bringing the current 56-million tonnes a year of emissions down to 50-million tonnes. This forms part of Sasol’s commitment to mitigate climate change, especially considering that the group is... →
Redefine lifts full-year distributions a share by 4%
By: Tasneem Bulbulia 4th November 2019 JSE-listed real estate investment trust (Reit) Redefine Properties has lifted its distributable income for the financial year ended August 31 by 4% year-on-year to 101c a share, with total group assets exceeding R100-billion for the first time. Moreover, this marks the first time that full-year... →
M2 motorway to be reopened to motorists from next week
By: Simone Liedtke 31st October 2019 The M2 motorway will be reopened to traffic from November 4, the Johannesburg Roads Agency says. The motorway between the Crown Interchange and Maritzburg street had been closed since February 28 for rehabilitation. The closure, the JRA explained during a media event on Thursday was necessitated... →
Water-shedding can be avoided, says Sisulu
By: Natasha Odendaal 28th October 2019 Water-stressed South Africa has to decrease the amount of water consumed or face the prospect of “water-shedding”. The Department of Water and Sanitation on Monday urged citizens to heed calls of water demand reductions, as the country enters the summer period with water restrictions. →
Sasol mulling several gas supply options as it seeks to reduce carbon footprint
By: Terence Creamer 28th October 2019 Chemicals and energy group Sasol is investigating several gas-supply alternatives for its coal-heavy South African operations as it seeks ways to reduce its carbon footprint. The JSE-listed group is simultaneously working on a ‘sustainability roadmap’, which will have a strong focus on lowering... →
Sasol seeks to use leadership ‘reset’ to rebuild trust in wake of damning LCCP review
By: Terence Creamer 28th October 2019 Sasol CEO-designate Fleetwood Grobler insists that he is “realistic” about the challenges still confronting the chemicals and energy group, which parted ways with its previous joint CEOs on Monday, following a damning board review of cost and schedule overruns at the giant Lake Charles Chemicals... →
Lanseria opens three-storey parkade
By: Marleny Arnoldi 25th October 2019 Gauteng Public Transport and Road Infrastructure MEC Jacob Mamabolo on Friday inaugurated Lanseria International Airport’s new multistorey parkade. The parkade, built at a cost of R210-million, comprises three parking levels and 1 000 bays, and forms part of the airport’s strategy to support job... →
FTTX Council punts open-source architecture for network development
By: Natasha Odendaal 25th October 2019 With the increasing growth of data and the Internet of Things (IoT), there is a need to review the potential use of open-source architecture in the design and building of fibre networks, says FTTX Council president Andile Ngcaba. The open-source community has “changed the classic information... →
Government and telcos sign excellence pact
By: Natasha Odendaal 25th October 2019 Telecommunications leaders and government have signed a pact that will assit efforts to promote a sustainable industry built on excellence. The Industry Stakeholder Principles of Excellence was signed in October by an initial seven companies, including Altron, Liquid Telecoms, Dark Fibre Africa,... →
Transnet launches world’s longest production train
By: Simone Liedtke 24th October 2019 State-owned rail company Transnet Freight Rail (TFR) on Thursday launched a 4-km-long train, with 375 wagons, officially making it the longest train in the world. The train was driven by Lisa Clark and transported about 24 000 t of manganese over a distance of more than 860 km between the Sishen... →
Altron remains on track to achieve its five-year Ebitda goal
By: Natasha Odendaal 24th October 2019 JSE-listed Allied Electronics (Altron) on Thursday posted positive interim results as it continued to track towards its five-year goal of doubling its earnings before interest, taxes, depreciation and amortisation (Ebitda) by 2022. Ebitda improved by 19% to R803-million during the six months... →
DTIC, World Trade Organisation discuss AfCFTA opportunities, challenges
By: Marleny Arnoldi 23rd October 2019 Phase 2 agreements under the African Continental Free Trade Agreement are expected to be finalised by January 2021, the Department of Trade, Industry and Competition says. The Phase 2 agreements will deal with investment, intellectual property and competition issues. →
Seminar highlights need for greater energy generation flexibility
By: Marleny Arnoldi 22nd October 2019 It makes economic and technical sense for electricity utilities such as Eskom to source as much new wind and solar photovoltaic (PV) energy as possible, says EE Publishers MD Chris Yelland. Speaking at a seminar hosted by EE Publishers and Nedbank, on Tuesday, he said the only limitations were... →
South Africa to test market for emergency power ‘gap fillers’ as IRP is finalised
By: Terence Creamer 18th October 2019 South Africa will release a request for information (RFI) in the coming weeks to test the market for solutions to close an immediate electricity supply gap of between 2 000 MW and 3 000 MW, which has emerged primarily as a result of a fall in the energy availability factor (EAF) from Eskom’s coal... →
Role of equipment suppliers in food safety under spotlight
By: Schalk Burger 18th October 2019 Component and equipment multinational BMG hosted clients at its inaugural industry-specific engagement days with a showcase of its food and beverage industry solutions and components at its factory in Jeppestown, Johannesburg in September. The showcase provided advice from industry experts about... →
PPC warns against the threat of substandard cement products
By: Simone Liedtke 15th October 2019 Substandard cement products are threatening the built environment industry and placing South African lives at risk, says PPC South Africa MD Njombo Lekula. He explains that the use of substandard cement has various implications that may negatively affect the sustainability of buildings and... →
Large-scale dismissals continue to rise in labour market on back of legislative reform, 4IR
By: Marleny Arnoldi 14th October 2019 Council for Conciliation, Mediation and Arbitration director Cameron Morajane on Monday revealed the commission had observed increased referrals of large-scale dismissals in the 2018/19 financial year. It expects these numbers to increase further in 2019/20. →
Agri SA, Minister agree on need for partnerships to advance growth
By: Marleny Arnoldi 10th October 2019 With stagnant economic growth and an unemployment rate of about 29%, the pressure is increasing on the agricultural sector to contribute more to gross domestic product (GDP) and live up to its potential in the country. However, the sector is facing its own challenges, including policy... →
CBE Indaba identifies persistent built environment transformation barriers
By: Marleny Arnoldi 9th October 2019 The Council for Built Environment (CBE) acting chairperson Maphefo Mogodi says the built environment industry is plagued by barriers to transformation and that government and industry have not done enough to change the situation. “The inability of small and medium businesses to prosper... →
Investment in climate-positive companies growing – Joburg Indaba
By: Martin Creamer 7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... →
Energy transition the 'right path' for South Africa, says Mgojo
By: Simone Liedtke 3rd October 2019 South Africa’s transition from coal-fired electricity generation to other sources is a “complicated problem to solve”, in the sense that the solution cannot depend on one organisation, or entity, alone, Exxaro Resources CEO Mxolisi Mgojo told delegates at the Joburg Indaba on Thursday. This was... →
‘No future without Eskom’, says Mabuza
By: Simone Liedtke 3rd October 2019 Given the socioeconomic challenges facing South Africa, State-owned Eskom chairperson and acting CE Dr Jabu Mabuza on Thursday reiterated the power utility’s support for an energy mix that is based on providing reliable energy to the country. This should be a “practical energy mix”, he told... →
John Deere invites third-party providers to join its digital platform
By: Marleny Arnoldi 2nd October 2019 Agricultural equipment supplier John Deere sub-Saharan Africa (JD SA) on Tuesday hosted a technology day, inviting 18 solutions providers to learn more about the company’s Operations Centre (OC) platform. The OC platform comprises digital innovations to manage farming operations. →
Transnet sees slump in export coal volumes as ‘cyclical not structural’
By: Terence Creamer 30th September 2019 State-owned logistics group Transnet reported a 6.5% fall, from 77-million tons to 72-million tons, in export coal volumes in 2018/19, but described the decline as cyclical rather than structural. The group attributed the slump to “operational challenges, derailments, community unrest, train... →
Transnet aims to secure settlements on ‘unlawful’ loco contracts by end of financial year
By: Terence Creamer 30th September 2019 State-owned logistics company Transnet reported on Monday that settlement talks were under way with all four original-equipment manufacturers (OEMs) supplying it with 1 064 new diesel and electric locomotives under contracts that had since been deemed “irregular and unlawful” by the group. Under... →
Transnet reports dramatic rise in irregular expenditure to R49bn
By: Terence Creamer 30th September 2019 State-owned freight logistics utility Transnet received yet another qualified audit for its 2018/19 financial year and also announced a dramatic rise in irregular expenditure to R49-billion, after locomotive contracts valued at R41.5-billion where added to the figure, which stood at R8-billion at... →
Labour throws weight behind prescribed-assets proposal
By: Terence Creamer 26th September 2019 Congress of South Africa Trade Unions (Cosatu) general-secretary Bheki Ntshalintshali has come out in support of government's prescribed-assets proposal, arguing that trustees of worker pension funds are currently being stymied from investing in assets that would be in the long-term interests of... →
‘More inclusive’ Nedlac needed for crafting of growth-igniting compact
By: Terence Creamer 26th September 2019 Business and government acknowledged on Thursday that the National Economic Development and Labour Council (Nedlac) needs to be more inclusive and representative if it were to have any chance of crafting a social compact that lifts the South African economy out of its current low-growth and... →
Pan African studying solar power project
By: Martin Creamer 18th September 2019 Gold mining company Pan African is completing a feasibility study into the construction of a 10 MVA solar power plant at its Elikhulu Tailings Retreatment Plant, in Evander, Mpumalanga. The R1.74-billion project uses a conventional carbon-in-leach circuit with a proprietary preoxidation process... →
Gold’s safe haven status has returned – Pan African
By: Martin Creamer 18th September 2019 The safe haven status of gold appears to have returned for the time being. “The world is increasingly an unstable place. Project one world, or globalisation, seems to have failed,” Pan African CEO Cobus Loots said on Wednesday when the London Aim- and JSE-listed gold mining company reported group... →
Govt looking to create 'certainty' in local steel, manufacturing industries
By: Simone Liedtke 13th September 2019 Public Enterprises Deputy Minister Phumulo Masualle on Friday said the Department of Public Enterprises (DPE) was looking to create “a sense of certainty” in the local steel and manufacturing industries by leveraging investments from State-owned entities (SOEs). This, he told delegates at the... →
Master plans needed to expand productive South African sectors – Patel
By: Simone Liedtke 13th September 2019 To grow South Africa’s economy and expand its productive sectors, master plans will need to be developed for each of those sectors, Trade and Industry Minister Ebrahim Patel said on Friday. Speaking on the second day of the Metals and Engineering Indaba, in Sandton, on Friday, the Minister... →
Treasury's economic turnaround plan lacks 'inclusivity', says BBC
By: Marleny Arnoldi 9th September 2019 In reviewing Finance Minister Tito Mboweni’s 77-page economic growth policy paper, industry organisation, the Black Business Council says the policy is lacking in inclusivity, specific detail and ambition. Mboweni released the document, titled 'Economic Transformation, Inclusive Growth and... →
Discovery Health CEO Jonathan Broomberg unpacks the NHI
6th September 2019 The recent iteration of the National Health Insurance (NHI) has caused significant panic in the healthcare sector with Discovery's share price severely impacted following the tabling of the proposed NHI plans in parliament. Discovery Health CEO Jonathan Broomberg unpacks what the proposed NHI... →
Tricolt, Attacq launch new high-rise residential precinct in Waterfall City
By: Schalk Burger 28th August 2019 Residential property developer Tricolt and JSE-listed real estate investment trust Attacq on Wednesday launched the first phase of a high-rise residential project, called Ellipse, in Waterfall City, Midrand. The project, which involves the development of four residential buildings, broke ground... →
Jet Demolition ends search for right B-BBEE partners after 11 years
15th August 2019 To become a company that is truly invested in the transformation and betterment of South Africa, demolition contractor Jet Demolition has entered into a broad-based black economic empowerment (B-BBEE) deal. Subsequently, Jet Demolition founders Joe and Liz Brinkmann have become executive... →
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