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Latest Videos
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... →
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... →
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... →
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... →
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,... →
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. →
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. →
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... →
Mandela Mining Precinct to bolster mining sector
By: Tasneem Bulbulia 14th September 2018 JOHANNESBURG (miningweekly.com) – Science and Technology Minister Mmamoloko Kubayi-Ngubane on Friday stressed the need for the mining industry to embrace the Fourth Industrial Revolution. Speaking at the launch of the Mandela Mining Precinct, in Melville, Johannesburg, she reassured the industry... →
Cape vulture provides inspiration for homegrown vertical-axis wind turbine
By: Terence Creamer 11th September 2018 A South African start-up has developed a vertical-axis wind-turbine that employs a groundbreaking morphing wing design, which seeks to mimic the movements of the Cape vulture. A prototype of the turbine, developed by Brayfoil Technologies in collaboration with WorleyParsons, is currently being... →
Afrox achieves double-digit HEPS growth amid subdued economic environment
By: Simone Liedtke 10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... →
New mobile science, maths, tech laboratory using robotics to inspire children
By: Schalk Burger 7th September 2018 The latest mobile laboratory of the Department of Science and Technology, launched on Friday, has robotics kits that children use to build and program robots, thereby inspiring them to pursue careers in science, mathematics, engineering and technology. The inspire science, engineering and... →
SAIW receives robot welding system for training
By: Donald Makhafola 7th September 2018 South Africa-based Japanese automation and robotic company Yaskawa Southern Africa is handing over a complete robot welding system to the Southern African Institute of Welding (SAIW) for its new robot-welding training programme. The programme comprises the training of robotic-welding operators,... →
Proudly South African precision bearing packer launched
By: Schalk Burger 30th August 2018 A new Proudly South African precision bearing packer just launched is intended for bearings used in mining, engineering, transport and heavy industry. The locally developed unit allows for easy and precise lubrication of bearings with an inner diameter of 15 mm to 150 mm and a maximum outer... →
Ring-fence Eskom’s ‘bad bank’ generation assets, says energy expert 
By: Terence Creamer 29th August 2018 A leading electricity expert is warning that there is little or no prospect that Eskom can trade itself out of its current financial difficulties and that restructuring – including a vertical separation of its cash-guzzling generation assets from its transmission, system operator and distribution... →
Dissecting the ANC’s sudden interest in land expropriation
By: Aubrey Matshiqi 24th August 2018 Does South Africa belong to those who live in it, or to those who conquered it? In other words, is land expropriation without compensation constitutionally permissible and, is it possible to expropriate land without compensation without the consent of the conquerors? According to the Freedom... →
Backup power to ensure safety, continuous production
By: Erin Steenhoff-Snethlage 24th August 2018 There has been increased interest in the generator sets of Himoinsa Southern Africa, a subsidiary of Spain-based power solutions provider Himoinsa. This is a good sign from the mines, as it indicates that they are prioritising their safety requirements,” claims Himoinsa Southern Africa services... →
Local company develops precision bearing packer
By: Schalk Burger 10th August 2018 The new precision Pumprite bearing packer was launched last month for bearings used in the transport, mining, engineering and heavy industries. The locally developed unit allows for easy and precise lubrication of bearings with an inner diameter from 15 mm to 150 mm inner diameter and a maximum... →
Energy access a catalyst for economic growth, says green energy company
By: Simone Liedtke 3rd August 2018 Access to cheaper and reliable energy, through renewable energy technology, would be a catalyst for boosting the African continent’s gross domestic product (GDP) in a sustainable way, green energy technology provider New Southern Energy (NSE) CEO David Masureik told Engineering News Online in a... →
Energy access solution lies in adopting VRFB technology in renewable energy – Nikomarov
By: Simone Liedtke 1st August 2018 With about 650-million people in Africa currently without access to electricity, Bushveld Minerals subsidiary Bushveld Energy CEO Mikhail Nikomarov believes the solution lies in area-specific solutions. He explained in an interview with Mining Weekly Online that a solution needs to be an... →
IDC open to ‘all options’ for turning around Foskor as impairments surge
By: Terence Creamer 31st July 2018 The State-owned Industrial Development Corporation (IDC) reported a sharp rise in impairments during its 2018 financial year, which surged 178% to R2.7-billion, from R954-million in 2017. Impairments as a percentage of total financing also increased to R4.9-billion (R2.1-billion), or 17.4%, only... →
France, Mauritania order 60 6 x 6 Land Cruiser conversion kits from SA
By: Irma Venter 30th July 2018 South Africa has a new go-anywhere vehicle on the market. Pretoria-based 6 x 6 Africa has converted a standard Toyota Land Cruiser to a 6 x 6 vehicle – yes, with six wheels – to supply the local and export markets. →
Researchers build scientific research cloud to process images from the MeerKAT telescope
By: Kim Cloete 24th July 2018 Three universities are making strides in an extensive project to build a computing infrastructure capable of processing the vast amounts of data that will come from the MeerKAT telescope. The Inter-University Institute for Data Intensive Astronomy (IDIA) has developed a scientific research cloud... →
Eskom confident of raising R72bn despite qualified audit
By: Terence Creamer 23rd July 2018 Financially stressed electricity producer Eskom expressed confidence on Monday that it would be able raise the R72-billion it required for the 2019 financial year, despite having received a qualified audit opinion for the 2018 financial year, reporting a R2.3-billion loss and nearly 20-billion in... →
SA’s ambitious Youth Employment Service starts taking shape
By: Marleny Arnoldi 20th July 2018 The Youth Employment Service (YES) aims to create one-million jobs within three years to help alleviate the situation of six-million unemployed youths in South Africa, 60% of whom reside in townships and rural areas. YES was established by the CEO Initiative, which is a partnership created... →
Ramaphoria index falling
By: Aubrey Matshiqi 20th July 2018 This month we are celebrating the centenary of the birth of Nelson Mandela. I suspect that the country will celebrate more the older Mandela than the young hothead of a militant who became a commander in the armed struggle against white minority rule. To me, the commemoration of the centenary of... →
Listed contractors feeling the pinch as construction sector dynamics change
By: Natasha Odendaal 18th July 2018 A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa. With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry Insight senior economist David Metelerkamp on... →
More than R650m budgeted to prepare Gauteng land for expropriation
By: Anine Kilian 2nd July 2018 The Department of Human Settlements has budgeted more than R650-million to prepare identified portions of land in Gauteng for expropriation without compensation. Human Settlements MEC Dikgang Uhuru Moiloa said on Monday that the province’s rapid land release programme, launched in May, would... →
Omnia lifts FY18 profit by 12% y/y
By: Anine Kilian 26th June 2018 JSE-listed Omnia Holdings posted positive results for the financial year ended March 31, with group revenue having increased by 7% year-on-year to R17.37-billion, as a result of a stronger performance by the mining and chemicals divisions. Earnings before interest, taxes, depreciation and... →
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