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Inside one of Joburg’s flagship urban renewal projects

By: Dylan Slater     Updated 3 hours ago Urban property fund Divercity is helping City of Johannesburg mayor Herman Mashaba to realise his concept of restoring the Johannesburg central business district (CBD) to a degree of its former glory, as well as his wish to “turn Johannesburg into a construction site”, with old buildings being... 

Inside one of Joburg’s flagship urban renewal projects

Aveng sells noncore Aveng Water business

By: Tasneem Bulbulia     Updated 46 minutes ago JSE-listed Aveng will sell Aveng Water and the Aveng Namibia Water business to Cambrose 735, a special purpose vehicle incorporated as a private company, Infinity Partners, for the purpose of the transaction, for R95-million. Infinity Partners is a 100% black-owned company jointly held by... 

Aveng sells noncore Aveng Water business

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

By: African News Agency      Updated 55 minutes ago State-owned electricity utility Eskom is grappling with a coal supply shortfall at several power stations with long term contracts coming to an end, a senior company executive has said. South Africa is also experiencing lack of new mining investments in large scale coal mines and execution of... 

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

No pleasantries as KZN consumers challenge Eskom’s proposed tariff increase

By: African News Agency      Updated 2 hours 9 minutes ago Instead of granting increases to Eskom’s “fat cats”, the state-owned energy supplier should be told to reclaim money stolen through corruption, representatives from the National Energy Regulator of South Africa (Nersa) were told on Thursday. “We propose a radical shift in how electricity is... 

E-toll contract not renewed but extended – Electronic Toll Collection

By: News24Wire      Updated 3 hours ago The Electronic Toll Collection (ETC) says its Gauteng e-toll contract with the South African National Roads Agency (Sanral) has been extended - not renewed. It says the extension was made as per the provisions of the contract entered into between the parties in 2009. This was after the Democratic... 

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts 

By: Terence Creamer     17th January 2019 Having determined the procurement of 1 064 diesel and electric locomotives to be “irregular and unlawful”, Transnet has communicated its intention to review contracts awarded to four original equipment manufacturers (OEMs) in 2015. The State-owned freight logistics group has also indicated that... 

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts
Photo by Dylan Slater
Transnet chairperson Dr Popo Molefe

Roads Agency Limpopo accepts CEO's resignation

By: African News Agency      Updated 1 hour 4 minutes ago Provincial road infrastructure delivery parastatal Roads Agency Limpopo said on Friday it had accepted the resignation of CEO Maselaganye Matji with effect from March 31, for personal reasons. Matji was appointed on a five-year contract ending February 2020 after the agency was effectively... 

SA has good policies but lacks implementation – Trade and Industry official

By: African News Agency      Updated 23 minutes ago South Africa has some of the best economic policies in the world but fails when it comes to implementing them, a senior government official said on Friday. The deputy director-general of special economic zones and economic transformation at the department of trade and industry Sipho Zikode also... 

SA has good policies but lacks implementation – Trade and Industry official

Gautrain seeks ways to grow ridership as 2018 hits govt's pocket 

By: Irma Venter     17th January 2019 The patronage guarantee payable by the Gautrain Management Agency (GMA) to the Bombela Concession Company (BCC), as the Gautrain operator, has increased from R1.34-billion in the 2016/17 financial year, to around R1.5-billion for the 2017/18 financial year. GMA CEO Jack van der Merwe says the... 

Gautrain seeks ways to grow ridership as 2018 hits govt's pocket

African entities urged to be proactive in growing the continent's economies  

By: Tasneem Bulbulia     17th January 2019 Africa is sitting on the financial periphery and the onus is on entities on the continent to take proactive measures to grow countries’ economies and drive market reforms, Deloitte Africa Emerging Markets MD Dr Martyn Davies said on Thursday. Speaking at the Deloitte Africa in 2019 Outlook... 

Deloitte Africa Emerging Markets MD Dr Martyn Davies outlines the strategy African entities should take this year to bolster economies on the continent. Video and editing: Nicholas Boyd.

SARB holds rate as CPI outlook improves 

By: Reuters     17th January 2019 South Africa's central bank kept its benchmark repo rate unchanged as expected at 6.75% on Thursday, saying it had taken note of an improvement in the near-term inflation outlook. Governor Lesetja Kganyago said a significant drop in international oil prices and a less depreciated rand exchange... 

SARB holds rate as CPI outlook improves

Group Five to sell Everite, Sky Sands subsidiaries for R480m

By: Creamer Media Reporter      17th January 2019 Construction firm Group Five will sell its Everite and Sky Sands subsidiaries to a consortium comprising Trinitas Private Equity and Agile Capital for R480-million. The subsidiaries form part of the firm's manufacturing cluster. 

Agrizzi shows inquiry video of Bosasa bosses counting money for ACSA tender bribe

By: African News Agency      17th January 2019 Former Bosasa chief operating officer Angelo Agrizzi on Thursday showed the commission probing state capture a video in which businessman Gavin Watson counted money allegedly used to pay a bribe to secure a R14 million a month contract from the Airports Company of South Africa (ACSA). Continuing... 

Investec, UK Climate Investments kickstart renewable energy vehicle with R1bn

By: Marleny Arnoldi     17th January 2019 Investec Bank and UK Climate Investments have committed a combined R1-billion to a dedicated renewable energy investment vehicle Revego Africa Energy. Revego Fund Managers (RFM) – a newly incorporated black-owned and managed fund manager – will be responsible for managing Revego’s investments... 

Tulisa cleared of cable price-fixing charges

By: Marleny Arnoldi     17th January 2019 The Competition Tribunal has dismissed a case of price fixing against power cable manufacturer Tulisa, after finding that there was insufficient evidence to show the company had been part of a cartel that had allegedly sought to fix the price of power cables from 2001 to 2010. At the time of... 

R35m clothing firm to stimulate textile sector in KZN

By: Marleny Arnoldi     17th January 2019 Trade and Industry Deputy Minister Bulelani Magwanishe and KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala will, on January 22, launch a multimillion-rand textile firm Africa Bespoke Apparel (ABA), in KwaZulu-Natal. ABA is a 100%-black owned company... 

DoL launches formal inquiry into roof collapse at KZN building

By: Marleny Arnoldi     17th January 2019 The Department of Labour (DoL) has set up a formal inquiry into the collapse of a structure that was under construction last year on the premises of Imperial Logistics, in Durban. The collapse led to the death of four employees and the injury of four others.  

Old Conradie hospital project could be 'make or break' for housing system, says Zille

By: News24Wire      17th January 2019 Western Cape Premier Helen Zille said the "pioneering" housing project expected at the site of the derelict old Conradie Hospital in Cape Town could "make or break" the current housing system. A R3-billion mixed-income residential project, set for the vast grounds of the old hospital could... 

Vaal river system water levels show year-on-year decline

By: Natasha Odendaal     17th January 2019 The water levels across the 14 dams forming part of the Integrated Vaal River System (IVRS) continue to decline. A Department of Water and Sanitation statement on Thursday indicates that the high temperatures and above normal water use in recent days have resulted in a decrease in water levels to... 

Outa, WSSA call for establishment of independent water regulator

By: Marleny Arnoldi     17th January 2019 The Organisation Undoing Tax Abuse (Outa) and Water Shortage South Africa (WSSA) says South Africa is in need of an independent water regulator. The organisations agree that the Department of Water and Sanitation (DWS) is failing to effectively regulate the country’s water sector and requires a... 

Outa, WSSA call for establishment of independent water regulator

First Oxford Parks building completed

By: Marleny Arnoldi     17th January 2019 Construction of the Oxford Parks development, in Rosebank, has progressed, with the first building, built by Concor Buildings to serve as the new head office of oil company BP South Africa, completed. The 4-star green rated building is part of Phase 1 of the Oxford Parks vision, which will... 

First Oxford Parks building completed
Oxford Parks Phase 1 building one - BP South Africa's head office

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      18th January 2019 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Engineering News iPhone and Android Apps available for free download

Kenya's Safaricom's overdraft service exceeds expectations – CEO

By: Reuters     17th January 2019 Kenya's biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO's expectations, he said on Thursday. Started 11 years ago as a service to allow Kenyans without access to the banking network to... 

South Africa’s electricity sector 

Updated 2 hours 11 minutes ago Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Eskom’s latest tariff applications, its debt burden and what South Africa needs to ensure the future sustainability of its electricity supply. 

South Africa’s electricity sector

AEMFC says will submit bid for Optimum assets

By: Marleny Arnoldi     17th January 2019 An African Exploration Mining and Finance Corporation- (AEMFC-) led consortium on Thursday announced that it would submit a bid for the Optimum Coal assets, which are currently in business rescue. State-owned AEMFC believed the Optimum Coal transaction would be fundamental to the country’s... 

AEMFC says will submit bid for Optimum assets
Coal stockpile

US urges Zimbabwe military to practice restraint amid protests

By: African News Agency      17th January 2019 The United States Embassy in Harare on Thursday expressed concern over reports of violence in parts of Zimbabwe, urging all parties to exercise restraint. "We condemn any disproportionate use of force and call on Zimbabwe’s security forces to respond to civil unrest professionally and with... 

Climate change threatens to make your morning brew more expensive

By: Bloomberg     17th January 2019 Coffee farmer Masumi Kondo wrapped himself in a cosy blanket on cool nights in the 1970s when he began growing the crop in the Franca region of Brazil’s Sao Paulo state. Now, thanks to persistently warmer weather, he needs an air conditioner. It’s not just the sleeping habits of farmers... 

Ghosn ouster from Renault nears as France abandons car titan

By: Bloomberg     17th January 2019 France is turning on Carlos Ghosn almost two months after his arrest in Tokyo, eliminating one of the executive’s last potential allies within the global auto alliance he has held together for almost two decades. The French government has called for Ghosn’s dismissal as chairman and chief... 

Alstom warns Siemens rail deal could be blocked by Europe

By: Bloomberg     17th January 2019 Alstom and Siemens’s planned rail merger appeared to be increasingly in danger of collapse, with the French company warning of a possible block by European antitrust regulators and its former German rival said to be considering alternatives for its business. “It’s a very frustrating moment for... 

Popo Molefe says new board found 'horror show' at Transnet

By: News24Wire      17th January 2019 State-owned freight rail company Transnet has issued summons to former top executives it says are implicated in financial mismanagement with a view of recouping some of the squandered money. Popo Molefe, chair of the Transnet board, said on Thursday morning at a media briefing that civil claims... 

Popo Molefe says new board found 'horror show' at Transnet
Photo by Dylan Slater
Tansnet board chairperson Popo Molefe

ACSA, Wits Access Management System challenge crowns winner; unlocks opportunities for youth  

17th January 2019 Team Authentic8 was crowned the winner of the Airports Company South Africa and University of the Witwatersrand's Tshimologong Digital Innovation Precinct’s security access management hackathon in November. Tasneem Bulbulia tells us more. 

ACSA, Wits Access Management System challenge crowns winner; unlocks opportunities for youth

Johannesburg city council discovers almost R9m in lost revenue

By: African News Agency      17th January 2019 The Johannesburg city council says an operation in Fourways led to the discovery of almost R9-million in lost revenue due to illegal connections to services since 2015. "The three properties which were visited were also found not to have complied with the city's bylaws and were fined," it said of... 

SARB expected to keep rates steady after November hike

By: African News Agency      17th January 2019 South Africa's central bank is likely to keep its benchmark repo rate unchanged on Thursday after raising it by 25 basis points last November to stem inflation central bank expected to keep rates steady after November hikepressures.central bank expected to keep rates steady after November hike... 

SARB expected to keep rates steady after November hike

Transnet issues summons to top former execs

By: News24Wire      17th January 2019 Transnet says it has issued summons to former top executives implicated in financial mismanagement with a view of recouping some of the squandered money.  Popo Molefe, chair of the Transnet board, was on Thursday giving the media an update on the operational status of the State-owned freight rail... 

Transnet issues summons to top former execs

Team SA to demonstrate country’s ‘stronger footing’ at this year’s WEF  

By: Tasneem Bulbulia     16th January 2019 Team South Africa will be taking a unified approach to this year’s edition of the World Economic Forum (WEF) and will convey the message that the country is on a stronger footing than it was last year, President Cyril Ramaphosa said during a pre-WEF breakfast, in Rosebank, on Wednesday. The... 

Team SA to demonstrate country’s ‘stronger footing’ at this year’s WEF
Photo by Creamer Media
President Cyril Ramaphosa

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

Platinum price fall worsening plight of job-intensive mines
Platinum price fall pressurising mines.

Thirty companies form alliance to help curb plastic waste

By: Marleny Arnoldi     16th January 2019 Thirty companies have joined forces to establish the Alliance to End Plastic Waste (AEPW), which aims to advance solutions to reduce and eliminate plastic waste from the environment, especially the ocean. The alliance is a nonprofit organisation that involves companies from across the global... 

Thirty companies form alliance to help curb plastic waste

EPP dominates listed property market with 21% return for 2018

By: Marleny Arnoldi     16th January 2019 JSE-listed retail property fund EPP has delivered a total return of 21% in 2018. The JSE’s benchmark property index SAPY recorded a total return of minus 25% for the year.  

EPP dominates listed property market with 21% return for 2018
EPP CEO Hadley Dean

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