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An image depicting the Cape Town MPT
Cape Town MPT records 43% volume increase in agri-bulk
18th March 2024 By: Sabrina Jardim

The Cape Town Multi-Purpose Terminal (MPT) has increased volume throughput in the agricultural bulk sector by 43% in the year-to-date. In January, the terminal handled 25 704 t of agricultural bulk... 


IRP 2023 could reset South Africa’s social and economic woes if implemented correctly
IRP 2023 could reset South Africa’s social and economic woes if implemented correctly
18th March 2024

ACTOM recently held a webinar on the “Draft IRP2023 Impact on the Manufacturing Sector”, with the following panellists (Mervyn Naidoo, Group CEO ACTOM, Phillipa Rodseth – Executive Director,... 


An image of Thungela CEO July Ndlovu
Thungela delivers strong financial performance despite rail, price headwinds
18th March 2024 By: Tasneem Bulbulia

Thermal coal exporter Thungela Resources says it delivered a resilient performance for the year ended December 31, 2023, which underpinned strong cash generation and a robust net cash position.... 


Energy Regulator approves 10.13% pipeline tariff hike on Durban-to-Alrode route
Energy Regulator approves 10.13% pipeline tariff hike on Durban-to-Alrode route
15th March 2024 By: Terence Creamer

The Energy Regulator has approved a 5.98% increase, from R6.8-billion in 2023/24 to R7.2-billion in 2024/25, in Transnet’s allowable revenue from petroleum pipelines system tariffs. “This... 


LNG infrastructure
Energy investor Reatile gears up for LNG importation as gas shortage looms
15th March 2024 By: Marleny Arnoldi

In light of the looming natural gas supply constraints from mid-2026, investment company Reatile Group is actively engaging Sasol on mitigating the gap between 2026 and the eventual arrival of... 


Port of Durban
TNPA seeks to unlock land value through big leasing offer across seven ports
14th March 2024 By: Creamer Media Reporter

South Africa’s State-owned Transnet National Ports Authority (TNPA) has released tenders for nearly 100 leasing opportunities across seven of its sea ports in line with a real estate strategy that... 


Industrial Gas Users Association of South Africa executive director Jaco Human
Industrial gas users prepare to make ‘orderly transition’ case at crunch gas-cliff meeting
14th March 2024 By: Terence Creamer

The creation of a formal public-private platform to assess solutions to a pending “gas cliff” for industrial consumers in South Africa points to the fact that the issue is finally being taken... 


Work under way at the Black Rock manganese operation.
New level of Transnet transparency much improved – ARM
13th March 2024 By: Martin Creamer

Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African... 


Reserve Bank governor Lesetja Kganyago
South Africa should get off global regulator's 'grey list' in 2025, says Kganyago
13th March 2024 By: Reuters

South Africa's central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog's "grey list" next year, given the work that... 


A locomotive and wagons owned by Transnet Freight Rail
Africa’s biggest freight rail market set for private operators
13th March 2024 By: Bloomberg

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African... 


Port of Richards Bay
Zululand Energy Terminal partners test market appetite for LNG services
12th March 2024 By: Terence Creamer

The Vopak Terminal Durban & Transnet Pipelines joint venture selected recently as the preferred bidder for a proposed liquefied natural gas (LNG) terminal at Richards Bay has issued an expression... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
Right things are being done with Transnet, right things will be done with Eskom – Motsepe
12th March 2024 By: Martin Creamer

Dr Patrice Motsepe, the founder and chairperson of diversified mining company African Rainbow Minerals (ARM), has expressed confidence in the direction being taken by South Africa’s State transport... 


Broad-based weakness evident in the logistics sector – Ctrack index
Broad-based weakness evident in the logistics sector – Ctrack index
12th March 2024 By: Irma Venter

After increasing somewhat in December, the Ctrack Transport and Freight Index (TFI) declined notably in January to a level of 119.3 – a drop of 2.1% compared with December’s 121.9. The extent of... 


TNPA invests in road rehabilitation project at Port of Durban
11th March 2024 By: Sabrina Jardim

The intensified pressure posed by an influx of trucks on the Port of Durban’s road infrastructure has prompted State-owned utility Transnet National Ports Authority (TNPA) to invest R233-million on... 


African Rainbow Minerals (ARM) CEO Phillip Tobias.
ARM CEO commends workforce for heeding clarion call to improve volume, cost, grade
11th March 2024 By: Martin Creamer

Full ownership and execution of factors that are within management’s control are being elevated to the highest possible level by African Rainbow Minerals (ARM) CEO Phillip Tobias. ARM has sharpened... 


Image of Cyril Ramaphosa
Ramaphosa assures Eskom working on increasing electricity generation capacity
11th March 2024 By: Thabi Shomolekae

President Cyril Ramaphosa noted on Monday that Eskom, under the leadership of its new Group CEO, is finalising an agreement with business to deploy additional independent skilled experts to support... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
We are committed to confronting climate change – ARM
8th March 2024 By: Martin Creamer

African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said during Friday’s presentation of dividend-yielding results that his diversified mining company is committed to... 


Business Unity South Africa president Mxolisi Mgojo
Mgojo says collaborative efforts will enable Transnet to report higher volumes than initially forecast
8th March 2024 By: Terence Creamer

Business Unity South Africa president Mxolisi Mgojo reports that the collaboration between business and government to turn around the performance of Transnet could result in the struggling... 


Public Enterprises Minister Pravin Gordhan
Gordhan to retire after elections
8th March 2024 By: Reuters

Minister of Public Enterprises, Pravin Gordhan, will retire after this year's general elections on May 29, he told Reuters on Friday. Gordhan oversees State entities including struggling power... 


Photo of Terence Creamer
Business, govt meet to discuss electricity, logistics reforms
8th March 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the latest meeting held between senior business leaders and President Cyril Ramaphosa and his Cabinet; the feedback provided on efforts to tackle... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


LEONARD DE VILLIERS
Challenges have resulted in significant disruptions and inefficiencies in the country’s transportation network
Local expertise needed to address challenges
8th March 2024

Despite having the most advanced railway system on the continent, with about 30 000 km of track, the South African rail and transportation sector is currently facing numerous significant... 


DENYS HOBSON
Global growth is expected to be subdued, if not stagnant, in 2024
Close collaboration essential to ensure competitive market, industry
8th March 2024

Global growth is expected to be subdued, if not stagnant, in 2024, and amid this slow growth and some challenging market conditions, global trade is also expected to be sluggish, says financial... 


SCOTT EDMUNDSON
By creating an international registry for recognising and enforcing creditor and lessor rights, these treaties aim to reduce financing costs and risks
Immediate actions needed to foster a more competitive rail industry
8th March 2024 By: Simone Liedtke

South Africa’s rail sector is faced with unprecedented challenges that threaten its operational viability and economic contribution, says law firm Webber Wentzel partner Scott Edmundson, who says... 


Swasap image
SWASAP railway axle manufacturer
8th March 2024

Manufacturer and supplier of railway axles Swasap is a proudly South African-owned broad-based Black Economic Empowered company that is committed to expanding education and skills to develop... 


Infrastructure Fund chief investment officer Mohale Rakgate
Fund requesting RFPs for infrastructure projects worth R70bn
7th March 2024 By: Nadine James

Infrastructure Fund chief investment officer Mohale Rakgate has reported that various strategic projects identified through government, and in previous Sustainable Infrastructure Development... 


South Africa's current account deficit widens sharply in fourth quarter
7th March 2024 By: Reuters

South Africa's current account deficit widened sharply in the fourth quarter of 2023 to 2.3% of gross domestic product (GDP) from a revised 0.5% of GDP in the third quarter, central bank data... 


Property transformation programme launched
6th March 2024 By: Tasneem Bulbulia

Industry regulator the Property Practitioners Regulatory Authority (PPRA) on March 6 launched the Transformation Property Partnership programme, which is aimed at enabling meaningful youth... 


Kendal power station
Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025
6th March 2024 By: Terence Creamer

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 


Scopa/SIU MoU flags Eskom intelligence, National Skills Fund reports for investigation in seventh administration
6th March 2024 By: Sashnee Moodley

The Standing Committee on Public Accounts and the Special Investigating Unit have assured that the Eskom intelligence report and the National Skills Fund matters will be flagged for consideration... 


Menar MD Vuslat Bayoglu
South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when... 


A truck operating at a mine
South African economy averts recession as mining sector rebounds
5th March 2024 By: Bloomberg

South Africa’s economy escaped a technical recession in the fourth quarter as fewer rotational power cuts helped energy-intensive industries including mining and manufacturing rebound. Gross... 


An aerial view of the Port of Durban
Business activity picks up in February, PMI survey shows
5th March 2024 By: Reuters

South African private sector activity expanded in February for the first time in six months as staffing and purchasing levels increased amid stronger confidence, a survey showed on Tuesday. The S&P... 


A truck with the Bidvest International Logistics logo
Bidvest grows trading profit, declares dividend, pursuing further acquisitions
4th March 2024 By: Schalk Burger

JSE-listed diversified services, trading and distribution company Bidvest recorded an 8.8% year-on-year increase in revenue to R62.2-billion andan 11.8% increase in trading profit to R6.5-billion... 


Port of Durban
TNPA to appoint developer soon for common-user infrastructure required for LNG terminal
4th March 2024 By: Terence Creamer

South Africa’s Transnet National Ports Authority (TNPA) expects to appoint a developer within months for the common-user infrastructure required to support the proposed liquefied natural gas (LNG)... 


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... 


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Magazine round up | 15 March 2024
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