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South Africa losing R250m a day because of illicit trade – BLSA

By: Simone Liedtke 10th March 2020 Illicit trade is one of the biggest contributors to the strain that South Africa’s fiscus is currently experiencing, as the country is losing about R250-million a day in tax revenue as a direct result of illicit trade. Illicit trade is defined as the production, import, export, purchase, sale or... →

Business Leadership South Africa (BLSA) CEO Busi Mavuso

Business Leadership South Africa CEO Busi Mavuso speaks to Engineering News about the commissioned report surrounding illicit trade in South Africa. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Healthcare business gives Afrox’s earnings, profits a boost

By: Marleny Arnoldi 4th March 2020 Growth in strategic markets, solid price cost inflation recovery, continued productivity gains from efficiency projects and the positive impact of restructuring activities contributed to a 23.3% year-on-year increase in earnings before interest and taxes for JSE-listed African Oxygen (Afrox) in... →

Afrox CEO Schalk Venter discusses the company's performance in 2019

Not all is lost for the construction industry, says AfriSam

By: Simone Liedtke 28th February 2020 The 2020 Budget, as outlined by Finance Minister Tito Mboweni earlier this week, “didn’t give much hope to the construction industry”, construction materials company AfriSam sales and marketing executive Richard Tomes told Engineering News on Friday. Growth in this sector was expected to remain... →

AfriSam sales and marketing executive Richard Tomes speaks to Engineering News about the 2020 Budget and how it could influence the future of the country's infrastructure and construction sectors, and the businesses - like AfriSam - that operate within this space. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Local steel industry still holds much potential

By: Mamaili Mamaila 28th February 2020 The current capacity and capabilities of the local steel industry are still largely understated, says export trade promotion agency the International Steel Fabricators (ISF). →

International Steel Fabricators CEO Neels van Niekerk discusses the South African steel sector. Camerawork: Creamer Media’s Nicholas Boyd. Editing: Creamer Media’s Nicholas Boyd. Recorded: 30.01.2020

Sasol confirms making 600 MW own-gen proposal in response to DMRE RFI

By: Terence Creamer 24th February 2020 Sasol CEO Fleetwood Grobler confirmed on Monday that the energy and chemicals group made a submission to the Department of Mineral Resources and Energy in line with its request for information (RFI) on possible emergency electricity solutions that could be “grid-connected in the shortest time at... →

Sasol CEO Fleetwood Grobler on the need for a culture change at the company following major cost overruns at its US project. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. Recorded: 24.2.2020

Sasol pulls back on capex as it seeks to deleverage from ‘peak gearing’

By: Terence Creamer 24th February 2020 Energy and chemicals group Sasol has indicated that its capital expenditure (capex) will continue to taper during its 2020 and 2021 financial years as the group seeks to deleverage a balance sheet that reached “peak gearing” of close to 65% in the six months to December 31, 2019. Sasol’s gearing... →

Sasol CFO Paul Victor on how capex will be tapered as it seeks to navigate its 'peak gearing' phase. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. Recorded: 24.2.2020

SAB, AB InBev unveil new R5.4bn empowerment scheme

By: Simone Liedtke 17th February 2020 South African brewery company AB InBev on Monday announced details of its new black economic empowerment (BEE) scheme, where a new BEE ownership transaction will be implemented through a company called South African Breweries (SAB) Zenzele Kabili. The R5.4-billion SAB Zenzele Kabili transaction... →

South African brewery company AB InBev on Monday announced details of its new black economic empowerment (BEE) scheme, where a new BEE ownership transaction will be implemented through a company called South African Breweries (SAB) Zenzele Kabili. The Ndlovu Youth Choir also performed for attending delegates and media. Camerawork: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Darlene Creamer.

Bushveld sees battery storage potential beyond EVs

By: Simone Liedtke 17th February 2020 While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of... →

Bushveld Minerals CEO Fortune Mojapelo chats to Engineering News & Mining Weekly about the energy transition, how vanadium plays a role in this as well as how this fits into the company's growth plans. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.

CESA remains hopeful about the future

By: Mc'Kyla Nortje 14th February 2020 Despite the country’s current economic uncertainty, consulting engineering firms association Consulting Engineers South Africa (CESA) president Sugen Pillay believes that the country is in the “catharsis phase” and that there is a sense of regeneration and renewal looking towards the future. “The... →

Sugen Pillay
CESA is also calling for the Construction Industry Development Board to fast-track the Register of Professional Service Providers

CESA president Sugen Pillay and CESA CEO Chris Campbell discussed CESA's annual media briefing as well as issues facing the industry and how it plans to mitigate them. Camerawork: Creamer Media's Kutlwano. Editing: Creamer Media's Nicolas Boyd.

Motlanthe weighs in on what is needed for South Africa to create a capable State

By: Marleny Arnoldi 7th February 2020 Any efforts to improve social cohesion and obtain buy-in for social compacts are happening against a backdrop of crisis and a destabilising State, says former President Kgalema Motlanthe. Speaking at the Department of Sport, Arts and Culture’s Social Cohesion Compact event, which was aimed at... →

Former President Kgalema Motlanthe discusses the need for a capable State

Octodec, Raizcorp launch enterprise and supplier development programme

By: Simone Liedtke 6th February 2020 In collaboration with business incubator Raizcorp, real estate investment trust Octodec has launched its enterprise and supplier development (ESD) programme, which offers participants internationally accredited business learning and guidance. The ESD programme aims to enhance the impact,... →

Raizcorp prosperator manager Sharon Venn chats to Creamer Media's Engineering News about the ESD Programme and its participants.

Video: Venkat, Bristow enourage miners, govts to take a long-term view

By: Creamer Media Reporter 6th February 2020 Mining companies and host governments have been urged to take a long-term view when investing in the natural resources sector in Africa. In a panel discussion on why investors should consider investing in Africa, Vedanta Resources CEO Srinivasan Venkatakrishnan (Venkat) highlighted the... →

Mining executives discuss the benefits of investing in Africa's mining sector and the impediments holding back the success of projects. Video and editing: Nicholas Boyd.

Mazars says Mboweni facing a daunting task as he prepares to deliver the 2020 Budget

By: Simone Liedtke 4th February 2020 The upcoming National Budget is likely to be a “watershed moment” for South Africa, accounting and consulting group Mazars tax partner Bernard Sacks said on Tuesday. Speaking to media at a pre-Budget briefing, he said the Budget itself would, however, not be a “watershed Budget”. →

(Left to right) Bernard Sacks, Graham Molyneux, Bongiwe Mbunge, Mike Teuchert and David French.

The video looks at some of the highlights from Mazars tax partner Bernard Sacks' presentation during a panel discussion, giving media some insight into the South African economy and what to expect ahead of the National Budget later this month, while also briefly discussing what can potentially solve power utility Eskom’s challenges. Video: Creamer Media’s Kutlwano Matlala. Editing: Creamer Media’s Nicholas Boyd.

Video: Minerals Council chairperson Mgojo talks about electricity self-generation

By: Creamer Media Reporter 3rd February 2020 Minerals Council South Africa chairperson Mxolisi Mgojo on Monday told delegates and media attending the Investing in African Mining Indaba 2020, in Cape Town, that the council had been speaking to the National Energy Regulator of South Africa, the Department of Mineral Resources and Energy and... →

Minerals Council South Africa chairperson Mxolisi Mgojo discusses electricity self-generation at the 2010 Investing in African Mining Indaba. Video and editing: Creamer Media's Nicholas Boyd.

Mantashe eases constraints on mining companies' ability to generate own electricity

By: Kim Cloete 3rd February 2020 Mineral Resources and Energy Minister Gwede Mantashe has assured mining companies in South Africa they will be able to generate their own energy to counter severe energy constraints. He also on Monday announced that government would be talking to investors about establishing a generating company... →

Minister of Mineral Resources and Energy, Gwede Mantashe, says mining companies will be able to generate their own energy in the light of severe energy constraints. The announcement was received with great applause by thousands of delegates to the Investing in African Mining Indaba in Cape Town. Video and editing: Nicholas Boyd.

Urgent steps needed to revive South Africa’s economy – Minerals Council

By: Martin Creamer 3rd February 2020 Urgent steps are needed to revive the South African economy, Minerals Council South Africa chairperson Mxolisi Mgojo said on Monday. Speaking on the first day of the four-day Investing in African Mining Indaba, he said the Minerals Council was ready and willing to work with the government. →

Minerals Council chief economist Henk Langenhoven, chairperson Mxolisi Mgojo and CEO Roger Baxter at the 2020 Investing in African Mining Indaba.

Minerals Council chairperson Mxolisi Mgojo discusses low investor confidence in South Africa, while CEO Roger Baxter warns about the deterioration in security in the South African mining industry and how this is impacting on the sector and the economy. Video and editing: Creamer Media's Nicholas Boyd.

Company supplies motors for automotive plant upgrade

By: Mamaili Mamaila 31st January 2020 Drive technology provider SEW-Eurodrive has supplied geared motors to an automotive company as part of an expansion project at its assembly plant in Silverton, Pretoria. →

SEW-Eurodrive export sales representative Phillip Steyn discusses one of the company’s latest projects. Camerawork: Creamer Media’s Kutlwano Matlala. Editing: Creamer Media’s Nicholas Boyd. Recorded: 11.12.2019 latest projects

Climate change will hit Africa much harder than other continents – panel

By: Marleny Arnoldi 30th January 2020 A panel of speakers participating in consultancy Deloitte's Africa Outlook 2020 event, on Thursday, highlighted the economic and social themes that are expected to feature prominently on the continent this year, including climate change, which is anticipated to hit Africa the hardest. Deloitte... →

A panel of experts explain why Africa has been and will be hit hardest by climate change going forward

A new approach is needed to solve the unemployment crisis, says CDE

By: Simone Liedtke 29th January 2020 Development think tank, the Centre for Development and Enterprise, on Wednesday urged South Africa to consider “a new approach” to alleviate the country’s unemployment crisis, saying this should include actions to promote faster economic growth. South Africa’s official unemployment rate is above... →

The video sees CDE executive director Ann Bernstein in conversation with Engineering News, where she gives some insight into what CDE's report is about and why a labour-intensive market should be such a key focus for South Africa. Video: Kutlwano Matlala. Editing: Nicholas Boyd.

Use private engineers to boost State’s ability to plan and execute infrastructure projects - CESA

By: Terence Creamer 29th January 2020 Consulting Engineers South Africa is calling on government to consider immediately boosting the capacity of State departments and municipalities to plan and execute infrastructure projects by opening the way for an injection of private engineering skills and expertise into the public sector. In a... →

Consulting Engineers South Africa president Sugen Pillay on how private engineering capacity could be injected to boost the State's infrastructure-planning capacity. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. Recorded: 29/1/2020

South African CEOs expect slower global economic growth

By: Marleny Arnoldi 23rd January 2020 A mere 14% of South African CEOs were very confident about their 12-month revenue prospects this year, compared with 18% last year, while 27% of CEOs globally said they were very confident in their own organisation’s growth prospects. This aligned with the view of 44% of South African CEOs that... →

PwC SA CEO Dion Shango discusses upskilling as a pertinent issue that CEOs globally face

Dynamic, inclusive global economy essential to meeting 2030 Agenda – UN

By: Simone Liedtke 22nd January 2020 The broad-based deterioration of global economic prospects may cause setbacks in the pursuit of the United Nation’s (UN’s) Sustainable Development Goals (SDGs), the UN’s ‘World Economic Situation and Prospects’ report has found. According to the report, which was discussed with media on... →

Plus Economics research director Dr Kirsten Thompson speaks to Engineering News about what to expect in the UN's report, and gives us a little more insight into South Africa's economic position. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.

Resist using Eskom as ‘political football’, Pityana says as he calls for ‘decisive action’ on economic reforms

By: Terence Creamer 14th January 2020 Business Unity South Africa president Sipho Pityana has cautioned against using the ongoing crisis at State-owned electricity producer Eskom as a “political football, as evidenced by the attack on [Public Enterprises Minister] Pravin Gordhan and the new-found passion, in some quarters, for moving... →

Busa president Sipho Pityana about the leadership that is needed to help South Africa revive its economy. Video: Kutlwano Matlala; Editing: Nicholas Boyd.

Project aims to create Africa’s helium hub

By: Simone Liedtke 13th December 2019 Emerging natural gas producer Renergen marked the start of the pipeline construction at its flagship Virginia gas project, in the Free State, with a sod-turning ceremony, last month. Liquefied natural gas (LNG) and liquid helium production is expected by 2021, when Phase 1 of the project is... →

BREAKING GROUND
(Left to right) Renergen CEO Stefano Marani, DMRE technical support chief director Xolile Mbonambi, Renergen CFO Fulu Ravele and Renergen COO Nick Mitchell at the groundbreaking event at the Virginia gas project

Renergen CEO Stefano Marani speaks to Engineering News about the company’s flagship Virginia gas project, and what this milestone means for the company

Private-sector investment a key driver of growth

By: Mamaili Mamaila 13th December 2019 Ahead of the 2019 South African Investment Conference, JSE-listed and diversified mining company Exxaro hosted a media tour, which started at The conneXXion – its head office in Centurion, Gauteng. →

InvestSA CEO Yunus Hoosen discusses the importance of domestic investments. Camerawork: Creamer Media’s Kutlwano Matlala. Editing: Creamer Media’s Nicholas Boyd. Recorded: 31.10.2019

Diversified miner announces R20-billion investment drive

By: Mamaili Mamaila 13th December 2019 JSE-listed diversified mining company Exxaro officially announced its commitment of R20-billion towards President Cyril Ramaphosa’s investment drive for South Africa at the 2019 South African Investment Conference, which took place in Johannesburg, last month. →

Exxaro CEO Mxolisi Mgojo discussed the company’s investments ahead of the 2019 South African Investment Conference. Camerawork: Creamer Media’s Kutlwano Matlala. Editing: Creamer Media’s Nicholas Boyd. Recorded: 31.10.2019

IDC assures black industrialists of its support

By: Tasneem Bulbulia 3rd December 2019 The Industrial Development Corporation (IDC) does present funding opportunities to black industrialists, CEO Tshokolo Nchocho assured on Tuesday. Speaking at the Black Business Council’s (BBC’s) Access to Funding Series engagement with the IDC, in Johannesburg, he pointed out that there were a... →

Industrial Development Corporation South Africa CEO Tshokolo Nchocho outlines some of the successes the organisation has achieved in funding for black businesses. Camerawork: Kutlwano Matlala; Editing: Nicholas Boyd.

Research grant awarded at environment conference

By: Halima Frost 29th November 2019 Stellenbosch University research fellow Dr Hayley Clements was announced as the recipient of the inaugural Jennifer Ward Oppenheimer Research Grant last month at the tenth Oppenheimer Research Conference held in Midrand, Gauteng. The research grant was set up to honour the late Jennifer Ward... →

SHELL SHOCKED
The African Pangolin is poached more than any other animal in Africa and is on the brink of extinction

Oppenheimer Generations research head Dr Duncan MacFadyen discusses the Oppenheimer Research Conference and the recipient of the Jennifer Ward Oppenheimer Research Grant

DWS launches national water master plan

By: Natasha Odendaal 28th November 2019 The Department of Water and Sanitation on Thursday launched its long-awaited master plan to guide investment in the water sector and facilitate development planning for water resources and the delivery of water and sanitation services to 2030 and beyond. The National Water and Sanitation Master... →

Human Settlements, Water and Sanitation Minister Lindiwe Sisulu talks about the country's water resources and the National Water and Sanitation Master Plan. Camerawork: Kutlwano Matlala; Editing: Nicholas Boyd.

South Africa’s transport future depends on how economy is stimulated

By: Simone Liedtke 21st November 2019 Transport infrastructure is considered a critical part of the National Development Plan 2030, with State-owned Transnet capital projects acting project director Shraveen Ramdhar on Thursday saying South Africa’s transport future was dependent on how government intended to stimulate the economy.... →

(From left to right) Fana Marutla, Victor Radebe, Mesela Nhllapo, Shraveen Ramdhar

Transnet capital projects acting project director Shraveen Ramdhar speaks to Engineering News Online about South Africa’s transport future. (Video: Creamer Media’s Kutlwano Matlala. Editing: Creamer Media’s Nicholas Boyd)

Companies mostly behave ethically, but internal issues persist

By: Marleny Arnoldi 20th November 2019 The Gordon Institute of Business Science (Gibs) has shared details of the first phase of its ethics barometer initiative, finding that the overall “ethical fitness” of 15 participating companies was rated at 73, on a scale of zero to 100. Fifteen organisations and 8 000 of their employees... →

Gibs Ethics & Governance Think Tank founder Gideon Pogrund shares insight of its first ethics barometer survey and relates its findings to the South African context. Video: Kutlwano Matlala. Editing: Nicholas Boyd.

Altron keeps focus on innovation as it reaches strategy halfway mark

By: Natasha Odendaal 15th November 2019 As JSE-listed technology company Allied Electronics (Altron) celebrates the half way mark of its five year plan, CEO Mteto Nyati, who took the helm nearly three years ago, indicates that the next phase for the company will focus on geographic expansion. Two-and a half years since implementing the... →

ALTRON CEO MTETO NYATI Altron has created a great environment for its workforce to meaningfully contribute to the growth of the company and it shows in the significant improvement in customer service

Altron CEO Mteto Nyati discusses the next steps for the company as it reaches the halfway mark of a five-year strategy. Camerawork: Kutlwano Matlala. Video editing: Nicholas Boyd.

Inaugural Africa wire, cable and tube conference gets under way in Jhb

By: Tasneem Bulbulia 12th November 2019 Research and consulting company CRU and the Southern Africa–German Chamber of Commerce and Industry (AHK), along with global trade shows, Wire & Tube as lead sponsor, on Monday kicked off the inaugural Africa Wire, Cable & Tube Conference, which is being held until November 13 in Johannesburg.... →

CRU Wire and Cable head Michael Finch details the conference, and speaks briefly about the markets

Investment case for LNG imports into South Africa to be completed by year-end

By: Terence Creamer 11th November 2019 State-owned logistics group Transnet says the investment case for the import of liquefied natural gas (LNG) into South Africa will be completed by year-end and that the solution will be aligned with the anticipated drop-off in gas imports from Mozambique from 2023 onwards. The study is being... →

Transnet chief business development officer Gert de Beer

State-owned logistics group Transnet says the investment case for the import of liquefied natural gas into South Africa will be completed by year-end, Transnet chief business development officer Gert de Beer says. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. 11.11.2019

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... →

Transnet acting CEO Mohammed Mahomedy on the initiation of a legal review of the 10-64 contracts. Camera Work: Kutlwano Matlala. Editing Nicholas Boyd. 11.11.2019

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... →

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 five-year period to 2023. Video and editing: Darlene Creamer 6.11.2019

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... →

Sasol Southern Africa operations VP Bernard Klingenberg and climate change VP Shamini Harrington unpack the company’s inaugural climate change report. Video: Kutlwano Matlala. Editing: Nicholas Boyd.

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... →

Redefine CEO Andrew Konig discusses the company's results. Camerawork: Kutlwano Matlala; Editing: Nicholas Boyd.

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