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World-class projects in SA are being rolled out with the NEC4 contract. Are you up-to-speed?

By: Creamer Media Reporter      24th May 2019 Described by the NEC as an ‘evolution, not a revolution’, the NEC4 builds on the success as well as the content of the NEC3 to achieve further improvements.  Alusani® Course Leader, Cameron Staude, says that most of South Africa’s state-owned enterprises, including Transnet and Eskom, are... 

A fresh approach to South Africa’s power challenge

By: Creamer Media Reporter      24th May 2019 In March 2019, Eskom announced that it had been forced to implement Stage 6 load shedding. This amounted to as much as 6000MW of a total estimated installed capacity of 51 000 MW being unavailable to users, with more disruptions likely to come during the approaching winter. A combination of... 

Dear Mr President

By: Terry Mackenzie-hoy     24th May 2019 Happily, if I google 'Ramaphosa', I get 12.7-billion hits. If I google 'Mackenzie-Hoy, it is 8.1-million, and if I google 'Alan Mulally, I get 462 000 hits. So, I am more famous than Mulally and about 8% as famous as our President. I doubt if the President or anybody in his party has the vaguest... 

Cosatu wants Gordhan's department scrapped

By: Bloomberg     23rd May 2019 South Africa’s biggest labor-union group wants state companies to be managed by various ministries and wants the Department of Public Enterprises scrapped when President Cyril Ramaphosa announces his new executive. Such a step would do away with the department currently led by Public Enterprises... 

Bushveld establishes dividend policy following ‘transitional’ 2018

By: Marleny Arnoldi     23rd May 2019 Aim-listed Bushveld Minerals’ financial results for the year ended December 31, 2018, reflect its transition from a junior mining company to a significant vanadium producer. The company’s flagship vanadium platform includes a 74% controlling interest in mining and processing company Bushveld... 

Prepare For Business Unusual This South African Winter

22nd May 2019 South African businesses heavily-relevant on realtime telecoms links for their bread and butter need to start squirreling away redundant capacity forthwith. That’s the message from leading independent telco Huge Networks, now incorporating Otel, as autumn sets in. One senior opposition party... 

Vanggatfontein to ramp up to full output two weeks ahead of schedule

By: Tasneem Bulbulia     22nd May 2019 JSE-listed Wescoal on Wednesday said it had resumed coal mining, handling and processing activities at the Vanggatfontein mine as of May 20 and that the mine was expected to ramp-up to full production in early June – two weeks ahead of schedule. In late April, the coal producer was forced to halt... 

Eskom keeps investors in the dark as debt speculation mounts 

By: Bloomberg     22nd May 2019 As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-billion of bond and loan debt, according to... 

Hope for SA economy: Thinking ahead to Fourth Industrial Automation technologies

21st May 2019 South Africa’s economy may be nearing the end of its slump, and could start showing stronger growth by 2021/22, says leading economist  After years of slow grow, South Africa may be over the worst, and could start seeing growth by 2021/22. This is according to leading economist Mike Schüssler,... 

Mboweni bemoans 'madness' of Eskom debt  

By: Bloomberg     21st May 2019 South Africa’s embattled State power utility must prioritise collecting the money it is owed by municipalities as a first step toward becoming financially sustainable, Finance Minister Tito Mboweni said. Eskom Holdings has reported that municipalities owed it R17-billion in arrears for power... 

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