https://www.engineeringnews.co.za
R/€ = 17.34 Change: -0.01
R/$ = 14.50 Change: 0.01
Au 1743.46 $/oz Change: 15.71
Pt 1178.97 $/oz Change: 5.95
 

Macro and Micro News

SARS collects R1.25tr in 2020/21

By: Reuters     1st April 2021 South Africa collected R1.25-trillion in tax revenue in the financial year ended March 2021, around 12% less than the government's original target of R1.425-trillion, the revenue service said on Thursday. The initial 2020/21 target was set by the National Treasury before the coronavirus pandemic... 

Absa PMI expands again in March

By: Reuters     1st April 2021 South Africa's seasonally-adjusted Absa Purchasing Managers' Index (PMI) expanded for third month in a row in March as new sales and exports rose with the easing of coronavirus lockdown restrictions, a survey showed on Thursday. The index, a gauge of manufacturing activity in Africa's most... 

DMRE delays release of renewables bid documentation  

By: Terence Creamer     1st April 2021 The release of the request for proposal (RFP) documentation for Bid Window 5 (BW 5) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has been delayed, the Department of Mineral Resources and Energy (DMRE) has confirmed. The department reports that the delay is... 

DMRE delays release of renewables bid documentation

Global energy leaders say jobs must be at heart of people-centred energy transition 

By: Terence Creamer     31st March 2021 Employment creation for workers and communities at the highest risk of disruption as a result of the shift to greater climate-resiliency was identified during a gathering of global energy leaders on Wednesday as essential to ensuring that the transition was not only people-centred but also... 

Global energy leaders say jobs must be at heart of people-centred energy transition

Sun International approved for secondary listing on A2X

By: Schalk Burger     31st March 2021 South African hospitality, gaming and entertainment group Sun International has been approved for a secondary listing on local bourse A2X markets. The company's shares will be available for trade on A2X from April 12. 

Slight improvements in SOE audits are no reason to celebrate, new AG Tsakani Maluleke warns

By: News24Wire      31st March 2021 Auditor General Tsakani Maluleke said while there were marginal improvements in the audit outcomes of national and provincial government departments as well as their entities, the improvement were not nearly enough to reverse the negative financial trend many auditees have been tracking for... 

Govt finances still a mess, greater accountability needed, says Auditor-General   

By: News24Wire      31st March 2021 Widespread weaknesses in basic internal controls are still prevalent at several government departments and agencies, Auditor-General (AG) Tsakani Maluleke says. On Tuesday, Maluleke painted a grim picture of the country's finances when she released the general report on national and provincial... 

Govt finances still a mess, greater accountability needed, says Auditor-General

World Bank report highlights big economic benefits of an accelerated South African vaccination roll-out  

By: Terence Creamer     31st March 2021 An analysis published in a new World Bank report shows that vaccinating 60% of South Africa’s population to induce so-called “herd immunity” against Covid-19 would have a benefit-cost ratio of more than 29, and that the economic benefits would be amplified by an accelerated vaccination roll-out.... 

World Bank report highlights big economic benefits of an accelerated South African vaccination roll-out

No outright booze ban, but liquor industry still not happy

By: News24Wire      31st March 2021 The announcement of restrictions on alcohol sales over the Easter weekend has ended speculation about an outright ban, but the industry is concerned about the effect on retailers. On Tuesday evening, President Cyril Ramaphosa announced that alcohol trading would be restricted to onsite... 

Public service professionalisation a balancing act for civil servants and government

By: Schalk Burger     31st March 2021 Speakers participating in the third instalment of industry association Consulting Engineers South Africa's 'Protecting Lives and Livelihoods' webinar series addressed the range of challenges and opportunities that exist all the road to professionalising South Africa's civil service to enable it... 

Ramaphosa announces changes to alcohol sales, gatherings ahead of Easter

By: News24Wire      30th March 2021 President Cyril Ramaphosa has announced alcohol restrictions and changes to limits for gatherings ahead of the Easter Weekend. The country, however, remains in Level 1 lockdown. These are: 

Ramaphosa announces changes to alcohol sales, gatherings ahead of Easter
President Cyril Ramaphosa

SAIW, CSIR sign tech, data sharing MoU

By: Schalk Burger     30th March 2021 Nonprofit technical organisation the Southern African Institute of Welding (SAIW) and research organisation the Council for Scientific and Industrial Research (CSIR) have entered into a memorandum of understanding (MoU) that will see the organisations collaborate on new technology and data... 

SAIW, CSIR sign tech, data sharing MoU

South Africa’s draft climate pledge offers quicker emission cuts, but seeks steep rise in yearly climate funding to $8bn 

By: Terence Creamer     30th March 2021 South Africa’s draft updated Nationally Determined Contribution (NDC) unveiled by Forestry, Fisheries and the Environment Minister Barbara Creecy on March 30, proposes quicker emission cuts, but also outlines the need for a step change in international climate finance to support the country’s... 

South Africa’s draft climate pledge offers quicker emission cuts, but seeks steep rise in yearly climate funding to $8bn
Photo by Creamer Media's Donna Slater
Forestry, Fisheries and the Environment Minister Barbara Creecy

Moody's withdraws all ratings of South Africa's Land Bank for 'business reasons'

By: Reuters     30th March 2021 Ratings agency Moody's said on Tuesday it was withdrawing all ratings of South Africa's cash-strapped state-owned Land and Agricultural Development Bank, citing "its own business reasons" for the move. Moody's did not elaborate on why it had taken the decision in the statement, but policy... 

South Africa records FDI inflows in 2020; sales of bonds and equities soar 

By: Reuters     30th March 2021 South Africa recorded foreign direct investment inflows of R16.0-billion in the fourth quarter from outflows of R12.2-billion in the third, the central bank said on Tuesday. The South African Reserve Bank said in its Quarterly Bulletin that the inflows in the latest quarter were caused by... 

South Africa records FDI inflows in 2020; sales of bonds and equities soar

J&J to produce 220m vaccine doses for Africa

By: Yvonne Silaule     30th March 2021 US multinational corporation Johnson & Johnson has signed a contract to deliver 220-million vaccine doses to Africa, with South Africa to receive 30-million doses. President Cyril Ramaphosa made the announcement this week, saying he was pleased that J&J had signed a contract with the Africa... 

J&J to produce 220m vaccine doses for Africa

Mantashe to co-chair global panel this week on people-centred energy transitions  

By: Terence Creamer     29th March 2021 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, will co-chair a high-level Ministerial panel this week on ‘Ensuring People-Centred Transitions’ as part of a global ‘Net Zero Summit’ being hosted jointly by International Energy Agency (IEA) executive director Fatih Birol and... 

Mantashe to co-chair global panel this week on people-centred energy transitions
Mineral Resources and Energy Minister Gwede Mantashe

Giant ship blocking Suez canal refloated in dawn rescue effort

By: Bloomberg     29th March 2021 The giant container ship blocking the Suez Canal has been at least partially refloated, the first step toward getting one of the world’s most important trade arteries moving again. The Ever Given was successfully refloated at about 04:30 local time in Egypt and the vessel is currently being... 

Total postpones restart of work on $20bn Mozambique gas project amid violence

By: Reuters     29th March 2021 Suspected Islamist insurgents attacked a convoy of fleeing civilians, including foreign workers, as fighting continued in a northern Mozambique town that is near a number of gas projects, security and diplomatic sources said. At least one person was killed and a number wounded in Friday's attack,... 

Big business to approach government with solutions for accelerating infrastructure spending  

By: Terence Creamer     26th March 2021 Big business in South Africa plans to approach government with a series of solutions aimed at narrowing the ever-widening gap between the country’s fixed-investment spending targets and the dismal reality of declining spending on both social and economic infrastructure. Through the National... 

Big business to approach government with solutions for accelerating infrastructure spending

Global wind installation step change required to meet net-zero goal 

By: Terence Creamer     25th March 2021 Despite Covid-afflicted 2020 emerging as the best-ever year for global wind-energy installations, a new industry report argues that the rate of yearly deployments will have to more than double before the end of the current decade if onshore and offshore wind generators are to make their rightful... 

Global wind installation step change required to meet net-zero goal

Growth of local entrepreneurs to drive job creation, says Adrian Gore

By: Donna Slater     25th March 2021 The South African economy and jobs market stand to benefit if South Africa can accelerate the growth and extend the reach of high-impact local entrepreneurs onto the global stage, says financial services company Discovery CEO and private sector initiative SA SME Fund chairperson Adrian Gore.... 

Shift in Solidarity Fund's approach to combating Covid-19

By: Simone Liedtke     25th March 2021 Nonprofit organisation the Solidarity Fund has shifted its focus to Covid-19 vaccines as “the year has seen a lot of devastation”, CEO Tandi Nzimande said during a media briefing on March 25. However, while she was grateful that the fund had "been able to be part of the solution”, she emphasised... 

Reserve Bank keeps rates on hold at 3.5% 

By: News24Wire      25th March 2021 The Reserve Bank has kept the repo rate on hold at 3.5%, in line with economists' expectations. Governor Lesetja Kganyago made the announcement on Thursday. The decision was unanimous as all five Monetary Policy Committee members voted to hold. Members see inflation remaining relatively contained... 

Eskom fund supports Pension Funds Act amendments

By: Schalk Burger     25th March 2021 The Eskom Pension and Provident Fund (EPPF) has welcomed proposed amendments to the Pension Funds Act regulation 28 that will allow funds to elect to invest in infrastructure projects, says EPPF chief investment officer Ndabe Mkhize. The proposed amendments are aligned to the EPPF's investment... 

The corrupt took advantage of the public health crisis – David Lewis

By: Thabi Madiba     25th March 2021 Civil rights and anti-corruption group Corruption Watch on Thursday expressed anger and sadness towards reports relating to corruption in the health sector, saying the corrupt took advantage of the public health crisis to loot the procurement necessitated by Covid-19 and even stooped as low as to... 

The corrupt took advantage of the public health crisis – David Lewis

World Bank calls for stronger national data systems to fight poverty

By: Schalk Burger     24th March 2021 Global development finance organisation the World Bank has called for national data systems to be strengthened to realise the full potential of the data revolution to transform the lives of poor people. It has likened data to steam-power and electricity and highlights that new systems will also... 

Africa displays pockets of positivity amid pandemic fallout, report finds

By: Marleny Arnoldi     24th March 2021 The latest NielsenIQ Africa Prospects Indicator (API) report, titled 'Recalibrating for an Unprecedented Future', has revealed that, despite the unprecedented times in which we live, there are pockets of positivity to drive businesses through the Covid-19 storm. Commenting on the results of the... 

Mind the gap: Where the 'extra' R3.5bn for SAA's rescue will come from and how it will be spent

By: News24Wire      24th March 2021 In February, Finance Minister Tito Mboweni said South African Airways's business rescue practitioners had asked government for an additional R3.5-billion, which caused a bit of a stir. SAA's rescue practitioners, on the other hand, maintained that the money had already been allocated as part of... 

 Mind the gap: Where the 'extra' R3.5bn for SAA's rescue will come from and how it will be spent

Coronavirus command council advised to move SA to Level 2 as it mulls over hiking church gatherings  

By: News24Wire      24th March 2021 The National Coronavirus Command Council has been advised, by the Ministerial Advisory Committee, to put the country under an Alert Level 2 lockdown as a precaution for the Easter holidays, News24 understands.   Scientists and government officials have long warned of a third wave of coronavirus... 

 Coronavirus command council advised to move SA to Level 2 as it mulls over hiking church gatherings

Civil construction index rises for third quarter, but most experiencing work shortage

By: Schalk Burger     24th March 2021 The FNB and Bureau of Economic Research Civil Confidence Index rose by five points to 21 in the first quarter of this year. This was the third consecutive quarterly increase, but the current index level means that the vast majority (close to 80%) of respondents are dissatisfied with prevailing... 

February inflation slips to 2.9%, below the Reserve Bank's target range  

By: News24Wire      24th March 2021 February inflation slipped to 2.9% year-on-year, from 3.2% reported in January. Consumer inflation data, released by Stats SA on Wednesday, showed that this is the lowest reading since June 2020 when the rate was 2.2%. The Reserve Bank's monetary policy committee is meeting this week and is due... 

 February inflation slips to 2.9%, below the Reserve Bank's target range

Against the odds, solar-plus-storage project emerges with lowest RMIPPPP bid 

By: Terence Creamer     23rd March 2021 The fact that a hybrid generation project – combining solar photovoltaic (PV), a battery energy storage system (BESS) and a small portion of gas – emerged with the lowest evaluation price in the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) has been described as... 

Against the odds, solar-plus-storage project emerges with lowest RMIPPPP bid

Agriculture bodies call for increased access to growing Brics markets

By: Schalk Burger     23rd March 2021 The Agricultural Business Chamber of South Africa (Agbiz), industry organisations Agri SA, the African Farmers’ Association of South Africa (Afasa), the Bureau for Food and Agricultural Policy (BFAP) and the National African Farmers’ Union (Nafu) have met with the Department of Trade, Industry... 

Private equity firm looking to invest R350m in South Africa's mining, manufacturing sectors

By: Schalk Burger     23rd March 2021 South African private equity firm Moshe Capital Fund Managers aims to invest up to R350-million in manufacturing, industrial and mining products or services and secondary agriculture in South Africa, says Moshe Capital founder and CEO Mametja Moshe. The company predominantly invests in... 

Absa report shows second quarter of raw material constraints in manufacturing supply chain 

By: Schalk Burger     23rd March 2021 Financial services firm Absa's 2021 first-quarter Manufacturing Survey shows that, for a second quarter in a row, manufacturers are reporting issues in the supply chain that are resulting in raw material shortage constraints negatively affecting their production processes. “Currently, a major... 

Resolving energy challenges is fundamental to economic recovery – Ramaphosa 

By: Thabi Madiba     23rd March 2021 President Cyril Ramaphosa has acknowledged the disruption caused by load-shedding and outlined government’s plans to restructure and strengthen the country’s electricity system to fundamentally change the country’s energy future. Ramaphosa wrote in his weekly letter to the nation that for more... 

Resolving energy challenges is fundamental to economic recovery – Ramaphosa
President Cyril Ramaphosa
1
2
3 4 5 6 7 8 9
 

Latest News

more

Latest Videos

more

Projects

more

 
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
Free daily email newsletter Register Now
Register Close