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Latest Videos
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... →
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 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... →
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. →
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... →
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... →
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. →
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... →
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... →
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... →
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... →
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.... →
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... →
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... →
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. →
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. →
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... →
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