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Business welcomes appointment of new Transnet leadership
Business welcomes appointment of new Transnet leadership
1st March 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the business community's reaction to the appointment of permanent executive leadership at Transnet; signs that the turnaround and reforms at... 


Acting TFR CEO Russell Baatjies and Sasol CEO Fleetwood Grobler (seated at centre) sign the agreement, in front of their respective teams, including (standing from left to right) Mario Klaasen, Loven Naidoo, Bonginkosi Mabaso, Pierre Koch, Pierre Taljaard and Kevin Govender, with Ayanda Mokhesi seated to the left of Baatjies and Brad Griffith and David Mokomela seated to Grobler’s right
Cabinet and business praise Sasol and TFR for ‘first-of-its-kind’ partnership to repair 128 ammonia tankers
29th February 2024 By: Terence Creamer

Both Cabinet and organised business have lauded the five-year public-private partnership agreement between Sasol and Transnet Freight Rail (TFR), under which the energy and chemicals group will... 


TFR train
Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan
29th February 2024 By: Terence Creamer

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility... 


TFR acting CEO Russell Baatjies and Sasol CEO Fleetwood Grobler sign the agreement, alongside their respective teams
Sasol to fund TFR’s maintenance of 128 ammonia tankers
28th February 2024 By: Terence Creamer

JSE-listed Sasol has signed a five-year public-private partnership (PPP) agreement with Transnet Freight Rail (TFR), under which the energy and chemicals group will fund the maintenance and repair... 


AECI CEO Holger Riemensperger
Amid disposals, AECI aligns internationalisation strategy to regions geared for rapid critical minerals growth
28th February 2024 By: Terence Creamer

JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies... 


Shirts on hangers in a clothing factory
South African fashion retailers boost local production amid port delays
28th February 2024 By: Reuters

South African fashion retailers are ramping up local production and using alternative sea ports and air freight to mitigate the impact of congestion at traditional ports that has caused massive... 


Bidvest sells 27.5% in logistics unit to investment firm Akhona
28th February 2024 By: Bloomberg

A subsidiary of South African conglomerate Bidvest Group is selling a 27.5% stake in a logistics business to black women-owned financial firm Akhona Strategic Investments. Akhona, headed by former... 


Tugboats owned by TNPA
TNPA orders seven new tugboats to enhance operations at its commercial seaports
28th February 2024 By: Schalk Burger

State-owned Transnet National Ports Authority (TNPA) has, as part of its marine fleet renewal programme, ordered seven tugboats in a R1-billion investment aimed at enhancing marine operations at... 


Deputy President Paul Mashatile
169 Zondo Commission 'recommendations' still under investigation – Mashatile
27th February 2024 By: Sashnee Moodley

The Integrated Task Force, set up by the National Prosecuting Authority and the Hawks, is coordinating the implementation of 205 'recommendations' that came out of the Zondo Commission of Inquiry... 


Deloitte's head office, in Midrand
Onus largely on private sector to recover economy, says Deloitte
26th February 2024 By: Marleny Arnoldi

With the 2024/25 national Budget not having provided much relief to taxpayers, and the economy having a high debt to gross domestic product (GDP) ratio and slow growth rates, South Africans need to... 


BLSA CEO Busisiwe Mavuso
‘Deep’ reforms, Transnet appointments key to dealing with South Africa’s logistics crisis – BLSA
26th February 2024 By: Sabrina Jardim

With commodity prices declining and mining companies being unable to get output to their markets owing to issues with the rail and port services that State-owned utility Transnet provides, business... 


Private rail network investment expected to focus on bulk freight at first – Traxtion
22nd February 2024 By: Schalk Burger

Private rail operator Traxtion expects the first investment into private freight train capacity to be announced later this year and to be focused on the bulk freight sectors. This is excellent for... 


A farm with irrigation equipment
Innovative interventions needed to turn around underperforming growth trajectory – Agbiz
22nd February 2024 By: Schalk Burger

Against the backdrop of a profoundly challenging macroeconomic environment where South Africa’s economy is expected to continue underperforming, averaging at 1.6% growth in the next three years,... 


Busa CEO Cas Coovadia
Budget seen as realistic, generally positive in economic context
22nd February 2024 By: Schalk Burger

Business organisations Business Leadership South Africa (BLSA) and Business Unity South Africa (Busa) said the 2024 Budget presented by Finance Minister Enoch Godongwana on February 21, was... 


Minerals Council CEO Mzila Mthenjane
Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


R4bn may be removed from Eskom debt-relief for failure to meet EFC sale deadline
R4bn may be removed from Eskom debt-relief for failure to meet EFC sale deadline
21st February 2024 By: Terence Creamer

The South African government is proposing to reduce its planned allocations to Eskom under a previously announced R254-billion debt-relief package by R2-billion a year for the 2023/24 and 2024/25... 


metal works with sparks
Metals, engineering output up 1.7% but still far below 2008/9 peak
20th February 2024 By: Darren Parker

While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was... 


An image of Kumba Iron Ore CEO Mpumi Zikalala
Kumba weathers headwinds but 490 jobs at risk as it reconfigures business
20th February 2024 By: Tasneem Bulbulia

Anglo American subsidiary Kumba Iron Ore delivered solid operational and financial results for the year ended December 31, 2023, despite macroeconomic challenges; however, about 490 jobs could be... 


Roads
Dispute over 5km road could highlight far bigger roadbuilding problem for Gauteng
20th February 2024 By: Terence Creamer

A legal dispute over the granting of an environmental authorisation for a 5-km new road, the K148, in southern Gauteng has the potential to highlight serious legal impediments to the development of... 


Finance Minister Enoch Godongwana
Reserves drawdown is wildcard in South Africa’s election budget
19th February 2024 By: Bloomberg

Enoch Godongwana needs to conjure an annual budget that balances spending pressures stemming from this year’s elections with the South African National Treasury’s commitment to stabilise its... 


Silhouette of a construction site
Budget must address revenue challenges, infrastructure investments – Mavuso
19th February 2024 By: Schalk Burger

While there has been a clear effort by the National Treasury to rein in spending and turn the trajectory of government's financial performance around, the revenue side of the equation has not been... 


Photo of Terence Creamer
Reform momentum
16th February 2024 By: Terence Creamer

From an economic perspective, the most important signal provided by President Cyril Ramaphosa in his State of the Nation Address was that the reform agenda remains in place, and that it will be... 


Initial signs energy supply is stabilising, logistics to endure for longer – Minerals Council 
16th February 2024 By: Irma Venter

The domestic mining industry is looking at 2024 as a year of stabilisation, rather than growth, says Minerals Council South Africa CEO Mzila Mthenjane. The industry continues to face persistent... 


An image of two automotive vehicles treated with ISO-Reliability Partners' Royal Purple lubricants
Supplier secures five-year contract
16th February 2024 By: Trent Roebeck

Marking a successful 2023, lubrication solutions supplier ISO-Reliability Partners has secured a five-year contract with State-owned rolling stock company Transnet Engineering. The company will... 


An image of Cesa CEO Chris Campbell
2024 could be ‘turning point’ for infrastructure sector
16th February 2024 By: Lumkile Nkomfe

Amid an evolving political landscape and the imminent challenges of an upcoming national election, Consulting Engineers South Africa (Cesa) underscores the critical need to expedite infrastructure... 


Locomotives owned by Transnet Freight Rail
EIB in talks with South Africa over loan for ports, freight rail
15th February 2024 By: Bloomberg

The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the... 


Budget expected to show conditions remain unsupportive of fiscal consolidation – Nedbank
15th February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana's 2024 Budget Speech, to be delivered next week, is expected to show that economic conditions will remain broadly unsupportive of significant fiscal consolidation,... 


Santa Rita vessel
Cape Town Container Terminal achieves record refrigerated containers load
14th February 2024 By: Marleny Arnoldi

Transnet’s Cape Town Container Terminal has loaded a record 1 726 refrigerated containers on a single vessel, called the Santa Rita. The vessel, carrying fruit, is destined for Europe. 


New shore tension units acquired by TNPA
TNPA receives first four of 52 new hydraulic tension mooring units
12th February 2024 By: Schalk Burger

State-owned Transnet National Ports Authority (TNPA) has received and operationalised four hydraulic tension mooring units at the ports of Cape Town and Ngqura. This is the first batch of the 52... 


Minerals Council CEO Mzila Mthenjane
Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses
9th February 2024 By: Schalk Burger

The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in... 


Photo of Martin Creamer
Agriculture, crime, health & safety make headlines
9th February 2024

Mining Weekly Editor Martin Creamer unpacks headlines from the Investing in African Mining Indaba, criminal syndicates identified by Transnet and noise-induced hearing loss displacing TB and... 


Transnet needs ‘the right, permanent management, quickly’ – Stellenbosch University academic
9th February 2024 By: Irma Venter

State-owned rail and port operator Transnet could, potentially, show significant improvement this year, compared with last year’s dismal performance, says transport economist and macrologistics... 


Telkom says it has made ‘significant strides’ against vandalism, cable theft
9th February 2024 By: Natasha Odendaal

Telecommunications group Telkom says it has made significant strides against cable theft and vandalism as various joint initiatives drive down infrastructure-related crime at its facilities. Joint... 


IMAGE OF LIQUID BULK TERMINAL
South Dunes Precinct development, South Africa
9th February 2024 By: Sheila Barradas

The Transnet National Ports Authority issued a request for proposals in December 2023 for the appointment of suitable terminal operators to fund, design, develop, operate, maintain and transfer the... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA sees plausible pathway for salvaging longs unit, but ready to reverse closure deferral if urgent progress is not made
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Transnet train transporting iron ore
Transnet problems force Kumba to moderate output
8th February 2024 By: Darren Parker

Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the... 


An image of President Cyril Ramaphosa
Busa seeks govt's backing on private sector support to resolve energy, logistics crises
8th February 2024 By: Tasneem Bulbulia

Business organisation Business Unity South Africa (Busa) has outlined its expectations for President Cyril Ramaphosa’s State of the Nation Address tonight, with the first being a call for a clear... 


Long product being produced
AMSA announces six-month deferral to longs closure after agreements on short-term measures
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Standard Bank chief economist Goolam Ballim
Standard Bank not expecting major fiscal slippage despite election pressures
7th February 2024 By: Terence Creamer

Standard Bank chief economist Goolam Ballim does not anticipate “material fiscal slippage” in the 2024 Budget, despite expenditure pressures associated with the upcoming elections, as well as calls... 


The Cape Town Container Terminal
Backlog at Cape Town Container Terminal reduced
7th February 2024 By: Schalk Burger

The Cape Town Container Terminal completed services for three vessels in a single shift over the weekend, reducing the vessels at anchor from four to one, despite three hours of lost time owing to... 


Reserve Bank governor Lesetja Kganyago
Kganyago roots for central bank independence
7th February 2024 By: Bloomberg

South African Reserve Bank Governor Lesetja Kganyago defended the independence of the monetary authority, which has faced repeated calls for its mandate to be expanded ahead of elections this year.... 


Transnet receives locomotive batteries through RBCT partnership
6th February 2024 By: Schalk Burger

State-owned Transnet has taken delivery of seven full sets of batteries procured by the Richards Bay Coal Terminal (RBCT). The delivery of these critical spares will improve the reliability of... 


Werner Duvenhage, Dr Mashego Mashego and Stephen Bullock
Procurement extortion, copper theft serious issues for South African miners
5th February 2024 By: Rebecca Campbell

One of the major crime problems facing South African mining companies is that of the so-called “construction mafias”, or perhaps more accurately (as far as mining is concerned) “procurement... 


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