https://www.engineeringnews.co.za
R/€ = 19.21 Change: 0.00
R/$ = 16.20 Change: 0.01
Au 1901.17 $/oz Change: -7.77
Pt 901.50 $/oz Change: 10.81
 

Macro and Micro News

South Africa won’t meet debt targets, President’s Council says 

By: Bloomberg     13th October 2020 South Africa won’t be able to meet its finance ministry’s debt targets and it may be undesirable for it to attempt to do so at a time when the economy is being battered by the fallout from the coronavirus, according to an advisory panel appointed by President Cyril Ramaphosa. In a more than... 

Solar ‘new king’ of electricity, but shift to net zero will require ‘unwavering efforts from all’ 

By: Terence Creamer     13th October 2020 The International Energy Agency (IEA) has declared solar the “new king” of electricity, arguing that, while renewables technologies as a whole are poised for rapid growth over the coming several decades, solar will be “at the centre of this new constellation of electricity generation... 

Solar ‘new king’ of electricity, but shift to net zero will require ‘unwavering efforts from all’

Gauteng inland port developer takes legal steps to halt ‘irrational’ road realignments needed to unlock Tambo-Springs hub 

By: Terence Creamer     12th October 2020 The developer of a private inland port in southern Gauteng, known as Distribution Junxion Port of Gauteng, has initiated legal action against the provincial administration in a bid to prevent it from implementing road infrastructure developments required to facilitate the construction of a... 

Gauteng inland port developer takes legal steps to halt ‘irrational’ road realignments needed to unlock Tambo-Springs hub
Map showing the location of Distribution Junxion Port of Gauteng and Tambo-Springs Logistics Gateway in relation to the road and rail networks in the region.

Violent crime a threat to community safety, food security – Ramaphosa 

By: Sashnee Moodley     12th October 2020 President Cyril Ramaphosa on Monday called for greater coordination and better communication between the South African Police Service, business, farming organisations and communities, as well as integrated communications technologies to increase the success of the rural safety strategy.... 

Violent crime a threat to community safety, food security – Ramaphosa
President Cyril Ramaphosa

Infrastructure plan good news for battered metals industry – Seifsa chair

9th October 2020 In his address during the 2020 edition of the Steel and Engineering Industries Federation of Southern Africa's presidential breakfast on October 9, outgoing president and chairperson Elias Monage reflected on what has been another difficult year for the metals and engineering sector. He expressed... 

Infrastructure plan good news for battered metals industry – Seifsa chair
Photo by Creamer Media's Donna Slater
Elias Monage

Growing determination for municipalities to build, procure own electricity  

9th October 2020 There is a growing determination among some municipalities to begin building and procuring their own electricity to reduce their dependence on Eskom. Engineering News Editor Terence Creamer unpacks the prospects in this regard. 

Growing determination for municipalities to build, procure own electricity
Growing determination for municipalities to build, procure own electricity

De Ruyter: Benefits of Eskom maintenance to be felt by April 2021, but power cuts won't be over

By: News24Wire      9th October 2020 The effects of Eskom's maintenance programme - which is expected to ease the risk of load-shedding- would be felt by April next year as the power utility works to ensure the long-term sustainability of its infrastructure, its CEO Andre de Ruyter said on Thursday. "We anticipate that by April next... 

De Ruyter: Benefits of Eskom maintenance to be felt by April 2021, but power cuts won't be over
Photo by Donna Slater
Eskom CEO Andre de Ruyter

Integrated approach critical for pump requirements 

By: Simone Liedtke     9th October 2020 Responding to customer pump requirements is not about selling a product, but rather about an integrated approach, says equipment rental agency Integrated Pump Rental rental development manager Steven Du Toit. Taking “a more integrated approach” to customer requirements and problems enables the... 

Integrated approach critical for pump requirements
Integrated Pump Rental’s Steven Du Toit gives more insight into the company’s holistic approach.

Agricultural transformation a Presidential imperative, says Ramaphosa

By: Simone Liedtke     8th October 2020 President Cyril Ramaphosa has highlighted access to agricultural land for subsistence farming and commercial production as a national priority, stating that the transformation of patterns of ownership “are fundamental in addressing not only food security, but also historical injustices”. In his... 

World Bank forecasts ‘weak’ recovery for South Africa from Covid-19 

By: Terence Creamer     8th October 2020 The World Bank expects South Africa’s recovery from the Covid-19 pandemic to be weak relative to most other countries in sub-Saharan Africa, forecasting an economic expansion of only 2.6% in 2021 on the back of a massive 7.2% contraction this year. In its latest ‘Africa’s Pulse’ publication, the... 

World Bank forecasts ‘weak’ recovery for South Africa from Covid-19
Photo by Creamer Media
World Bank highlights power reforms in South Africa to reduce dependence on Eskom

GreenCape launches open source digital directory to help grow green business

By: Marleny Arnoldi     7th October 2020 Nonprofit green economy organisation GreenCape has launched an open source Green Business Support Services Directory. This interactive digital directory, which was developed in partnership with the Friedrich Neumann Foundation for Freedom (FNF), is a public resource with information on... 

ARC Investments successfully raises R750m for new investment opportunities

By: Simone Liedtke     7th October 2020 Investment holding company African Rainbow Capital (ARC) Investments has successfully raised R750-million from shareholders following a recent rights offer to the market. The company said in September that it was seeking to raise R750-million with the intention of deploying the capital in new... 

South Africa unlikely to force specific investments on retirement funds

By: Bloomberg     6th October 2020 South Africa’s government is unlikely to force retirement funds to plow money into specific companies or projects, an industry body of fund managers and insurers said. Of the economic plans under discussion to revive South Africa’s economy, none are calling for prescribed assets to be used as a... 

Small Business Institute undertakes research to understand SMMEs better

By: Marleny Arnoldi     6th October 2020 The Small Business Institute (SBI) says much more could have been done to coordinate a more considered, rapid, comprehensive and successful response to forestall the brutal effect of Covid-19 on small, medium-sized and microenterprises (SMMEs) in South Africa. SBI has undertaken a review of... 

SA corruption arrests a show of teeth and boost of confidence, BLSA says

By: African News Agency      6th October 2020 A recent slew of arrests linked to corruption are a much needed show of teeth by authorities and a boost of confidence, the chief executive of Business Leadership South Africa has said. In a column published on the website of the association of South Africa's largest corporations and major... 

 SA corruption arrests a show of teeth and boost of confidence, BLSA says
Photo by Donna Slater
BLSA CEO Busi Mavuso

DBSA appoints Rakgate to head Infrastructure Fund

By: Terence Creamer     5th October 2020 The State-owned Development Bank of Southern Africa (DBSA) has, from October 1, appointed Mohale Rakgate as its new group executive for the Infrastructure Fund, which has been established by government to support an accelerated roll-out of economic and social infrastructure. Infrastructure is... 

DBSA appoints Rakgate to head Infrastructure Fund
Mohale Rakgate

TIPS Tracker: The economy and the pandemic

5th October 2020 Trade and Industrial Policy Strategies' (TIPS's) 'Tracker: The economy and the pandemic' highlights important trends in the Covid-19 pandemic in South Africa and how they affect the economy. The rate of transmission of Covid-19 has continued on a secular upward trend, but the increase has been... 

IHS Markit PMI signals uptick in economic activity

By: Marleny Arnoldi     5th October 2020 The IHS Markit Purchasing Managers’ Index (PMI) data for September has signalled a notable softening in the economic decline across South Africa’s private sector as Covid-19 restrictions were eased to Level 1. British financial analyst company IHS Markit economist David Owen reports that the... 

Patel prioritising AfCFTA trading by start of 2021 as he takes on key African role 

By: Terence Creamer     5th October 2020 South Africa’s Trade, Industry and Competition Minister Ebrahim Patel, who has been elected to chair the African Ministers of Trade (AMOT), says he will prioritise the finalisation of the outstanding work and negotiations required to enable the start of trading under the African Continent Free... 

Patel prioritising AfCFTA trading by start of 2021 as he takes on key African role
Trade, Industry and Competition Minister Ebrahim Patel

Spanish solar tracking group establishes formal presence in South Africa 

By: Terence Creamer     5th October 2020 Spanish solar tracker and structures specialist STI Norland has, since the start of October, established an active presence in South Africa, which it views as an attractive market for utility scale solar photovoltaic (PV) projects. An office and warehouse facility is being established in Port... 

Spanish solar tracking group establishes formal presence in South Africa
The 94.3 MWp Sishen PV Plant in the Northern Cape

Treasury sees debt jump if wage deal implemented

By: Bloomberg     2nd October 2020 South Africa’s government is opposing a bid by labour unions to compel the state to honor a public-service wage deal, warning the accord would lump the country with R37.8-billion of additional debt. The government in April reneged on an agreement to raise pay for more than 1.2 million servants as... 

Gauteng, Western Cape leaders advocate for greater powers to grow their economies

By: Marleny Arnoldi     2nd October 2020 In discussing the Gauteng and Western Cape provinces’ efforts to recover their economies after experiencing massive job losses in the last few months, Western Cape Premier Alan Winde and Gauteng policy research head Duduzi Mbada have said provincial governments need more power. The two provinces... 

Gauteng, Western Cape leaders advocate for greater powers to grow their economies
Western Cape Premier Alan Winde

Safety up but costs hamper industry uptake

By: Tracy Hancock     2nd October 2020 Safety is improving in the local metal fabrication sector as more companies realise the importance of having stricter safety protocols in place, says local blades and electrodes manufacturer, and cutting consumables and capital equipment supplier First Cut machine division GM Anthony Lezar. “Some... 

Safety up but costs hamper industry uptake
TICKING THE BOX Some companies are putting only the bare minimum in place to ensure safety within their manufacturing processes

Creecy hints to inclusion of green components in economic recovery plan 

By: Terence Creamer     1st October 2020 Environment, Fisheries and Forestry Minister Barbara Creecy has indicated that government is likely to integrate green-economy components into the country’s Covid-19 economic recovery strategy, details of which are yet to be released by President Cyril Ramaphosa. Speaking during a webinar on... 

Creecy hints to inclusion of green components in economic recovery plan
Photo by Creamer Media's Donna Slater
Environment, Forestry and Fisheries Minister Barbara Creecy

SA making the shift from coal to renewables 

1st October 2020 Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about a just transition in South Africa's energy sector and how the country should go about preparing the way for that transition. 

SA making the shift from coal to renewables

South African plan must address constraints or fail, central bank says  

By: Bloomberg     1st October 2020 South Africa’s plan to revive an economy mired in the longest recession since 1992 will fail unless it deals with structural constraints such as power cuts, central bank Governor Lesetja Kganyago said. A recovery program agreed on earlier this month is banking on the rejuvenation of the... 

South African plan must address constraints or fail, central bank says
Central Bank Governor Lesetja Kganyago

New study will determine extent of Covid-19 infection across population

By: Yvonne Silaule     1st October 2020 The Human Sciences Research Council is in the final stages of preparation for a study that will establish the extent of Covid-19 infection in the general population through two waves of cross-sectional population-based household seroprevalence surveys. The study will investigate age-specific... 

New study will determine extent of Covid-19 infection across population
Higher Education, Science and Innovation Minister Blade Nzimande

Tiger Brands' Olifantsfontein abattoir disposal finalised

By: Simone Liedtke     30th September 2020 South African packaged goods company Tiger Brands has successfully disposed of its abattoir business at Olifantsfontein to Molare Proprietary Limited for R100-million. The acquisition has become unconditional, Tiger Brands confirmed in a statement on September 30. 

August consumer price inflation dips to 3.1% 

By: News24Wire      30th September 2020 Annual consumer price inflation for August dipped slightly to 3.1% from 3.2% in July, according to Stats SA. This falls midway within the target range of between 3% to 6% target range set by the Reserve Bank. The main contributors to August’s print were food and non-alcoholic beverages, which... 

August consumer price inflation dips to 3.1%

Solar retains top jobs spot as renewables employment climbs to 11.5m

By: Terence Creamer     29th September 2020 Renewable-energy jobs rose to 11.5-million globally last year, from 11-million in 2018, with the solar photovoltaic (PV) industry retaining its leading position with 3.8-million jobs, a new study shows. The ‘Renewable Energy and Jobs – Annual Review 2020’, published by the International Renewable... 

Solar retains top jobs spot as renewables employment climbs to 11.5m

Food retailers commit to reduce food waste

By: Yvonne Silaule     29th September 2020 Leading food retailers in South Africa have asserted their commitment to initiatives that reduce food waste in their businesses, during the launch of the Food Loss and Waste Voluntary Agreement, on Tuesday. The Agreement brings together the Consumer Goods Council of South Africa; the Department... 

Food retailers commit to reduce food waste
Photo by Donna Slater
Environment, Forestry and Fisheries Minister Barbara Creecy

Official unemployment rate drops as lockdown discourages job seekers 

By: Reuters     29th September 2020 South Africa's official unemployment rate fell in the second quarter as a coronavirus lockdown saw fewer people actively looking for employment, but the expanded jobless figure which includes people who have stopped looked for work soared, the statistics agency said on Tuesday. In its quarterly... 

Illegal money flows from Africa near $90bn, UN study says

By: Reuters     29th September 2020 Africa is losing nearly $89-billion a year in illicit financial flows such as tax evasion and theft, amounting to more than it receives in development aid, a UN study showed on Monday. The estimate, in the United Nations Conference on Trade and Development's (Unctad) 248-page report, is its most... 

SA commits $500 000 to empower female financial leaders  

By: Yvonne Silaule     28th September 2020 South Africa has made a commitment of $500 000 to the African Women Impact Fund, which seeks to empower women financial leaders. South African President Cyril Ramaphosa, in his capacity as President of the African Union, said on Monday, during a high level virtual panel hosted by G7 Partnership... 

SA commits $500 000 to empower female financial leaders
AU President Cyril Ramaphosa

South Africa's post coronavirus economic recovery faces risks - Moody's  

By: Reuters     28th September 2020 South Africa's post coronavirus economic recovery will face a number of constraints, with risks of a larger than forecast contraction this year tilted to the upside, ratings firm Moody's said on Monday. A recession deepened by the impact of the coronavirus has frustrated economic reform efforts... 

South Africa's post coronavirus economic recovery faces risks - Moody's

G20 Trade Ministers support economic diversification

By: Yvonne Silaule     25th September 2020 Ministers from the largest economies – including the US, China, the EU, India, Japan, Brazil and Indonesia – attended the G20 Trade and Investment Ministers meeting earlier this week, where they took a stance to support economic diversification. South Africa was the only country representing the... 

G20 Trade Ministers support economic diversification
Minister of Trade, Industry and Competition Ebrahim Patel

Unilever, govt partner to increase SMME investment

By: Simone Liedtke     23rd September 2020 Unilever South Africa and the Department of Small Business Development have partnered to increase investment in small-, medium-sized and microenterprise development. The partnership follows the publication of a racially offensive advert on the Clicks website by Unilever hair brand, TRESemmé. This... 

Unilever, govt partner to increase SMME investment
1
2
3 4 5 6 7 8 9
 

Latest News

more

Latest Videos

more

Projects

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close