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Latest Videos
Warning of ‘seismic’ tax hikes, spending cuts to close R50bn 2018 Budget hole 
By: Terence Creamer 13th February 2018 Standard Bank chief economist Goolam Ballim is warning that the upcoming Budget will include “seismic” tax increases and spending cuts to address a menacing “fiscal cleavage” that, in nominal terms, is unprecedented in South Africa’s history. The Budget is scheduled for release on February 21 and... →
Cape Town drought hits tourism, threatens province’s credit ratings
By: Natasha Odendaal 7th February 2018 As the ongoing drought and resultant water crisis threatens Cape Town’s credit ratings and gross domestic product (GDP) growth, warnings of the impact the drought on the local tourism industry are mounting. Tourism to one of South Africa’s most popular destinations is starting to take a knock as... →
Hudaco profit rises in FY17
By: Anine Kilian 2nd February 2018 JSE-listed Hudaco on Friday reported a 7% increase in sales to R5.9-billion for the financial year ended November 30, 2017, while operating profit rose 6% to R676-million. CEO Graham Dunford told Engineering News Online on Friday that comparable earnings a share were up by 7% to 1 251c, while... →
Albeit modest, metals sector poised for second consecutive year of growth
By: Terence Creamer 2nd February 2018 South Africa’s metals and engineering sector is poised for a second consecutive year of modest growth, with the Steel and Engineering Federation of Southern Africa (Seifsa) forecasting a 1.1% expansion for 2018. The sector grew by 2.7% in 2017, breaking a streak of three consecutive years of... →
Eskom expects to sign emergency funding deals in ‘day or two’
By: Terence Creamer 1st February 2018 Cash-strapped State-owned power utility Eskom confirmed on Thursday that its negotiations with funders to meet immediate debt-repayment obligations were at an advanced stage and that it expected to sign-off on the deals “in a day or two”. Eskom acting CEO Phakamani Hadebe revealed this week that... →
AMSA weighs asset disposals as losses mount, debt rises and rand strengthens
By: Terence Creamer 31st January 2018 ArcelorMittal South Africa (AMSA) is considering various asset disposals as part of a plan to strengthen its balance sheet, which remains under pressure as a result of a protracted period of lossmaking, which has endured since 2010. The JSE-listed steelmaker declared another headline loss of... →
Eskom cannot commit to nuclear expansion – acting CFO
By: Reuters 30th January 2018 South Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results. South Africa's government has said it will push ahead with its nuclear expansion plan but will now do... →
Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure
By: Terence Creamer 30th January 2018 Having secured “in principle” commitments from funders to enable Eskom to meet looming debt obligations of R20-billion by the end of February, the new leadership at the power utility has started weighing various options, including asset sales, for shoring up the group’s fragile balance sheet.... →
Cesa to focus on strengthening engineering industry through effective leadership
By: Anine Kilian 30th January 2018 Industry body Consulting Engineers South Africa (Cesa) has set effective, ethical leadership and embracing the fourth industrial revolution as its priorities for this year. Delivering his presidential message, in Johannesburg, on Tuesday, Cesa president Neresh Pather said the organisation would... →
Concerns raised over lack of policy framework for competition law changes
By: Terence Creamer 19th January 2018 Concern has been expressed about the absence of a comprehensive competition policy framework to help guide proposed amendments to competition legislation and facilitate greater alignment with other government policies and programmes, such as the Industrial Policy Action Plan. In December,... →
Autonomous driving in SA faces pedestrian, road sign challenges, finds Merc
By: Irma Venter 15th January 2018 It may surprise the taxi haters, but South Africa is not the most challenging country to sit behind the wheel of a vehicle in self-driving mode. The winner is China, with its sometimes erratic cyclists, lack of lane markings and confusing traffic signals. Mercedes-Benz at the end of last year... →
Smarter mining, manufacture, agriculture needed, says IDC’s Maia
By: Martin Creamer 12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... →
ANC leadership race really a contest between Ramaphosa and Zuma
By: Aubrey Matshiqi 15th December 2017 Twelve months ago, I had no doubt that the national conference of the African National Congress (ANC) would elect Nkosazana Dlamini-Zuma as president of the ruling party and successor to President Jacob Zuma. Today, a day before the commencement of the conference, I am not so sure. In the past... →
Khato Civils opens new head office in South Africa
By: Anine Kilian 8th December 2017 South African construction and engineering company Khato Civils on Friday unveiled its official headquarters, located in Samrand, Gauteng. Speaking at the launch, Khato Civils chairperson Simbi Phiri noted that the company has expanded its operations to Botswana, Malawi, Zimbabwe, Ghana and... →
Second Norway-South Africa Science Week to stimulate oceans science and economy
By: Schalk Burger 1st December 2017 The second Norway-South Africa Science Week will provide a platform for scientists, researchers, civil servants and business people from both countries to share best practices and policies to promote the sustainable use of ocean resources. Norwegian ambassador to South Africa, Botswana,... →
Unfiltered air shortens air compressors’ life span
By: Victor Moolman 1st December 2017 With many industrial air compressors being used in dusty conditions, the lack of proper filtration of incoming air can shorten the life span of the compressors by 75% to 80%, says specialised engineering company RTS Africa Engineering MD Ian Fraser. “Air compressors used in industries are, for... →
South Zambezi delivers Engineering services: for Africa by Africans
By: Tracy Hancock 1st December 2017 South Zambezi corporate director Sikanyisiwe Phiri and Makoko Makgonye discuss its role in developing Africa →
Here is why CR17 is not ahead in ANC leadership race
By: Aubrey Matshiqi 24th November 2017 In a matter of weeks, the African National Congress (ANC) will elect its fourteenth president. Depending on who or what section of the media one believes, it is either Cyril Ramaohosa (CR17 to his supporters) or Nkosazana Dlamini-Zuma (NDZ) who is, as they say, ‘miles ahead’. This is not... →
Upcoming energy event to showcase African project opportunities
By: Simone Liedtke 10th November 2017 A key focus point of the African Energy Indaba (AEI) – which celebrates its ten-year milestone next year – is to provide access to project opportunities across the African continent. →
New SAA leadership team promises to take airline ‘back from the brink’
By: Terence Creamer 7th November 2017 Finance Minister Malusi Gigaba has promised that there will be a clear delineation of the roles between the shareholder, the board and the CEO at embattled national carrier South African Airways (SAA), following the constitution of the new board on November 3 and the appointment of Vuyani Jarana... →
SAB invests millions in black-owned SMMEs
By: Anine Kilian 1st November 2017 Multinational beverage and brewing company Anheuser-Busch (AB) InBev subsidiary South African Breweries (SAB) has invested more than R200-million into creating an inclusive supply chain which incorporates black-owned and black women-owned small, medium-sized and microenterprises (SMMEs) through... →
Transnet looking abroad for growth as it again pares back South Africa capex
By: Terence Creamer 30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... →
Bloodhound makes successful 200 mph run in the UK
By: Irma Venter 26th October 2017 “We came to show the world Bloodhound is go,” says Bloodhound supersonic car (SCC) driver Andy Green. The Bloodhound on Thursday proved to be top dog as it successfully concluded its first official run, stretching its legs at 200 mph (322 km/h) on the Newquay Airport runway, in Cornwall, in the... →
New labelling system introduced for HDPE PE100 stub ends in SA
By: Victor Moolman 20th October 2017 Thermoplastic piping company Plasti-Tech is supplying high-density polyethylene (HDPE PE100) stub ends, which have been labelled using a Lynx laser printer using invisible laser-radiation. “The significance of labelling the stub ends using the Lynx laser machine is that the manufacture, size and... →
KPMG scandal could be the tip of the iceberg
By: Aubrey Matshiqi 20th October 2017 The KPMG scandal is an example of what happens when accounting meets the profit imperative. It is also an example of what happens when the profit motive, accounting and politics meet. That said, I am happy that members of Parliament's Standing Committee on Public Accounts (Scopa) are not as... →
R20bn Swazi Rail Link being prepared for presentation to investors before year-end
By: Terence Creamer 12th October 2017 An expression of interest (EoI) for the R20-billion crossborder Swazi Rail Link infrastructure project between South Africa and Swaziland will be released to potential investors before the end of 2017, South Africa’s Transnet Freight Rail (TFR) and Swaziland Rail confirmed on Thursday. The 150 km... →
Transport key to continental integration, says minister
By: Anine Kilian 11th October 2017 Intercontinental integration is not feasible without transport playing a critical and strategic role in ensuring that African countries are linked through roads, railway lines, shipping routes and air transport connections, says Deputy Transport Minister Sindisiwe Chikunga. Speaking at the... →
SA Mint launches new coin to honour stalwart OR Tambo
By: Natasha Odendaal 4th October 2017 The South African Mint Company (SA Mint) on Wednesday unveiled a new R5 general circulation coin, as well as a series of collectible coins, under the theme ‘freedom, democracy and culture’ to commemorate the birth centenary of late struggle stalwart Oliver Reginald Tambo. Showcasing the new coins... →
NDT at height can start immediately after shutdown
By: Victor Moolman 29th September 2017 Industrial rope access specialist Skyriders Access Specialists (Skyriders) can reach high places as soon as ropes have been rigged after which nondestructive testing (NDT) can be done. Skyriders marketing manager Mike Zinn explains that the company uses rope access techniques to do different... →
BMG invests R400m in Joburg distribution centre
By: Mia Breytenbach 29th September 2017 Technical solutions provider BMG, which is part of Invicta Holdings, has officially launched its BMG World site, in Johannesburg, which is the culmination of a consolidation and supply chain re-engineering strategy that began nearly ten years ago. “The company’s R400-million investment to upgrade... →
Blue Chip Lubricants opens plant, seals empowerment deal as it aims for fifth of the market
By: Irma Venter 28th September 2017 Blue Chip Lubricants (BCL) has completed the construction of a new blending plant in Johannesburg, which it hopes will help the company to secure a fifth of the lubricants market in South Africa. The company will be aided in this ambition by the sale of 51% of the business to black-owned firm... →
Sasol proposes new R21bn BBBEE ownership transaction
By: Anine Kilian 20th September 2017 JSE-listed Sasol on Wednesday announced a proposed new R21-billion broad-based black economic empowerment (BBBEE) ownership transaction, Sasol Khanyisa, which will replace Sasol’s debt-ridden Sasol Inzalo fund, which expires in June 2018. When Sasol Inzalo lapses, it will not be able to... →
Big fall in DBSA disbursements partly attributed to renewables stand-off
By: Terence Creamer 19th September 2017 The Development Bank of Southern Africa (DBSA) recorded a sharp fall in disbursements to R12.4-billion in 2017, from a record R17.1-billion in 2016, but has promised to "step up" its role as a catalyst of development in 2018, setting a R20-billion disbursement target for the year. The development... →
Repackaged technology to serve local minerals market well – FLSmidth
By: Donna Slater 15th September 2017 The repackaging of established technology to process mined minerals is set to serve the local market well, according to mining and cement process technology company FLSmidth. →
Afrox sees 22% increase in headline earnings
By: Anine Kilian 8th September 2017 JSE-listed African Oxygen (Afrox) has reported a 22% rise in headline earnings a share to 93.3c, though this was at the lower end of the company’s recent guidance for the half-year ended June 30. Delivering the company’s financial results presentation in Johannesburg on Friday, CEO Schalk Venter... →
Sandvik unveils new R15m local production facility, launches new LHD line
By: Ilan Solomons 5th September 2017 Mining equipment and services provider Sandvik Mining and Rock Technology on Tuesday officially opened its new R15-million production unit in Boksburg. The opening of the new 1 500 m2 facility, which has ten production bays, coincided with the launch of the 5 t Sandvik LH115L low-profile load... →
Zest WEG Group achieves Level 2 BBBEE status
By: Mia Breytenbach 1st September 2017 Motor and controls manufacturer WEG subsidiary Zest WEG Group has taken steps to create a broader-based and more sustainable ownership foundation to ensure its compliance with the new Broad-Based Black Economic Empowerment (BBBEE) Codes of Good Practice, which has seen the group achieve a Level 2... →
Caterpillar inaugurates new Joburg parts distribution centre
By: Mia Breytenbach 31st August 2017 Caterpillar has officially inaugurated its new parts distribution facility, near Johannesburg, Gauteng. The 60 000 m2 facility consolidated two smaller parts distribution sites – Linbro Park and Isando – and offers several advantages, including enabling the company to work more efficiently, while... →
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