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Gordhan, Mabuza to shed light on SA’s power crisis

By: News24Wire      Updated 1 hour 24 minutes ago Minister of Public Enterprises Pravin Gordhan and the chairperson of the Eskom Board, Jabu Mabuza, will hold a media briefing to give an update on electricity supply problems on Tuesday morning in Johannesburg.  South Africans have faced five consecutive days of load-shedding, including power... 

 Gordhan, Mabuza to shed light on SA’s power crisis
Photo by Creamer Media's Dylan Slater
Eskom board chairperson Jabu Mabuza

Water supply, economic activity under threat as Eskom struggles to supply power

By: African News Agency      Updated 1 hour 31 minutes ago South Africa's State-owned electricity company Eskom continued implementing rolling blackouts on Tuesday as its crippled generating units struggled to supply enough power in a crisis likely to further hurt the ailing economy. In its latest statement Eskom said it was implementing "stage 2"... 

Water supply, economic activity under threat as Eskom struggles to supply power

No escaping the move to electric, says Jaguar as it launches new I-Pace

By: Irma Venter     Updated 1 hour 23 minutes ago A third fully electric vehicle has made its debut in South Africa. The new Jaguar I-Pace adds to the Nissan Leaf and BMW i3 already available in the local market. 

No escaping the move to electric, says Jaguar as it launches new I-Pace
The Jaguar I-Pace

Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth 

By: Terence Creamer     18th March 2019 The Public-Private Growth Initiative (PPGI), an evolving sector-based collaboration between government and business, has earmarked 18 projects across various sectors of the South African economy for priority implementation in the coming months. Minister in the Presidency Dr Nkosazana Dlamini-Zuma... 

Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth
Minister in The Presidency Dr Nkosazana Dlamini-Zuma speaks, while Dr Johan van Zyl, Mpumi Mpofu and Roelf Meyer listen

Zimbabwe currency crisis robs Bell of record year 

By: Irma Venter     18th March 2019 A new currency regime in Zimbabwe robbed Bell Equipment of a record financial year, giving the company a R87.4-million “ankle-tap that went straight to the bottom line”, said CEO Leon Goosen on Monday. “It happened right at the end of the year. It’s incredibly sad.” 

Zimbabwe currency crisis robs Bell of record year

The BioCycle aims to turn human waste into lubricants, biodiesel 

By: Irma Venter     18th March 2019 The BioCycle plans to have completed the design of its first South African commercial scale facility by the end of 2020, to be followed by a global rollout of the technology, says MultiCycle director Marc Lewis. The BioCycle aims to develop commercially viable and scalable processes for the... 

The BioCycle aims to turn human waste into lubricants, biodiesel

Mandatory, compulsory programmes launched in response to systemic challenges facing govt departments

By: Simone Liedtke     18th March 2019 In direct response to the systemic challenges facing government departments, the National School of Government’s (NSG’s) mandatory and compulsory programmes were launched on Monday, in Pretoria. The launch follows President Cyril Ramaphosa’s statement during his State of Nation Address last... 

Eskom's 'perfect storm' and how the power utility is managing the crisis 

By: News24Wire      18th March 2019 South Africa has been oscillating between Stage 2 and Stage 4 load shedding since Friday, cutting up to 4 000 MW from the national grid per day. The rolling blackouts are expected to continue until Wednesday, with demand expected to taper off towards the end of the week, as Thursday is a public... 

 Eskom's 'perfect storm' and how the power utility is managing the crisis

'Stage 4 load-shedding is unacceptable, disruptive to economy' – Gordhan

By: News24Wire      18th March 2019 Minister of Public Enterprises Pravin Gordhan has said that his department and National Treasury will assist embattled power utility Eskom to fast-track the procurement of "essential goods and services" required to urgently repair generating units at local stations. South Africans suffered two... 

'Stage 4 load-shedding is unacceptable, disruptive to economy' – Gordhan
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Channelling Thatcher, South Africa’s President takes on its unions

By: Bloomberg     18th March 2019 In 1987, an anti-apartheid firebrand named Cyril Ramaphosa led South Africa’s biggest-ever mining strike. Some 300 000 miners – from a union Ramaphosa himself had founded – walked off the job, protesting pay and working conditions. The mining company “used fascist methods to destroy workers’... 

Convicted fraudster seeks to stop parliamentary processes aimed at removing him as Icasa chair

By: News24Wire      18th March 2019 Fraud and money-laundering convict Rubben Mohlaloga will not only be fighting to stay out of prison but to also remain chairperson of the Independent Communications Authority of South Africa (Icasa). Sentenced to 20 years imprisonment last month but currently on bail pending an appeal of his... 

FNB/BER Building Confidence Index declines to near 8-year low

By: Tasneem Bulbulia     18th March 2019 The First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index dropped to 25 in the first quarter of this year, from 32 in the fourth quarter of 2018. This 7-point decrease resulted in the index nearly reaching an eight-year low. 

Agribusiness confidence index rises to 46 in the first quarter

By: Marleny Arnoldi     18th March 2019 The Agbiz/Industrial Development Corporation (IDC) Agribusiness Confidence Index has improved by four points to 46 in the first quarter of this year. This follows a decline in the last quarter of 2018 to 42, which was the index’s lowest level since 2009.  

Western Cape water levels hold steady

By: Natasha Odendaal     18th March 2019 While the average water levels of the Western Cape's dams have remained steady over the past two weeks, the drought is far from over, the Western Cape government warns. The average water level for all dams in the Western Cape currently stands at 39.8%, up from the 19.5% reported in the... 

M&R Cementation awarded Palabora ventilation shaft contract

By: Marleny Arnoldi     18th March 2019 Mining contractor Murray & Roberts (M&R) Cementation has been awarded a contract by Palabora Mining Company for a 1 200 m deep ventilation shaft. The shaft, with a lined diameter of 8.5 m, will reach a final blind sink depth of 1 190 m before a drop raise takes it to its final depth.  

Hulamin expects 2018 headline earnings of 91c a share

By: Marleny Arnoldi     18th March 2019 JSE-listed aluminium supplier and exporter Hulamin expects to report a 4% year-on-year decrease in headline earnings a share to 91c for the year ended December 31, 2018. In anticipation of reporting its full-year results on March 19, the company on Monday said it expected to report a loss a... 

Ascendis Health records strengthened interim gross margin

By: Tasneem Bulbulia     18th March 2019 Ascendis Health’s gross margin for the six months ended December 31, 2018, strengthened by 260 basis points to 44.9%, mainly owing to improved raw material pricing through strategic sourcing in Farmalider and Remedica, the discontinuation of low-margin products in the Wellness, Biosciences and... 

SA Reit publishes best practice recommendations for public comment

By: Marleny Arnoldi     18th March 2019 Industry association South African Real Estate Investment Trust (SA Reit) has published a draft second edition of its best practice recommendations (BPR) for public comment. The process of updating the recommendations, which is the accepted standard for reporting key metrics consistently to... 

Coca-Cola fast-tracking collection, recycling of PET bottles

By: Simone Liedtke     18th March 2019 In commemoration of Global Recycling Day, and as part of a focused World Without Waste campaign, the Coca-Cola Company is accelerating the collection and recycling of polyethylene terephthalate (PET) bottles across Southern and East Africa. Along with its bottling partners and other industry... 

Nederburg, KWV remain among top 50 global most admired wine brands

By: Marleny Arnoldi     18th March 2019 Winery Nederburg has, for a fourth consecutive year, ranked in the top 50 list of the “World’s Most Admired Wine Brands” in UK-based publication Drinks International. Nederburg is one of only two South African wine brands that made the list, which selects out of more than 200 of the most... 

Nederburg, KWV remain among top 50 global most admired wine brands
Nederburg vinyard

Opec+ affirms commitment to oil cuts, defers decision to extend

By: Bloomberg     18th March 2019 Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the... 

Ramaphosa stuck in train with commuters

By: African News Agency      18th March 2019 President Cyril Ramaphosa on Monday experienced first hand the daily struggles of commuters after being stuck for hours on a train with disgruntled commuters while on the election campaign trail. Ramaphosa and the commuters boarded the train at Mabopane Station in Pretoria before 08:00. The train... 

Looming SA 'expat tax' is ultimately fair – Citadel

By: African News Agency      18th March 2019 Changes to South Africa's Income Tax Act which will from March 2020 see expatriates taxed locally for income from foreign employment exceeding R1-million is ultimately fair given their continued ties in the country, financial services group Citadel said on Monday. The National Treasury held a... 

 Looming SA 'expat tax' is ultimately fair – Citadel

SANDF personnel deployed to help in flood-ravaged Malawi and Mozambique

By: African News Agency      18th March 2019 South African National Defence Force (SANDF) personnel have been deployed to support humanitarian efforts in Malawi and Mozambique, "currently facing serious floods", the SANDF said on Saturday. The SANDF had committed air assets and personnel to supplement the joint inter-departmental,... 

Eskom to implement 'Stage 4' load-shedding from 09:00 to 23:00

By: African News Agency      18th March 2019 Eskom said on Monday it would commence Stage 4 rotational load shedding from 09:00 to 23:00 and continue into Tuesday due to a shortage of capacity.   Stage 4 load-shedding requires the state-owned utility, which supplies 95% of South Africa's electricity, to rotationally take 4 000 MW of demand... 

Eskom to implement 'Stage 4' load-shedding from 09:00 to 23:00

Tribunal approves Glencore, Chevron merger, with conditions

By: Marleny Arnoldi     15th March 2019 The Competition Tribunal on Friday approved a merger involving Glencore South Africa Oil Investment (Glencore SA Oil) and Chevron South Africa (Chevron SA). The transaction involves Glencore SA Oil acquiring 75% of the issued share capital of Chevron SA, from Off The Shelf Investments.  

Tsogo Sun appoints new CEO, to proceed with hotel business unbundling

By: Tasneem Bulbulia     15th March 2019 Tsogo Sun has resolved to restructure its hotel interests under one holding company – THL – and to proceed with the separation of Tsogo Sun and THL, culminating in the listing and unbundling of THL. Following the acquisition by Tsogo Sun of a controlling interest in Hospitality Property Fund... 

Transnet gives small businesses a leg up in KZN

By: Marleny Arnoldi     15th March 2019 State-owned freight utility Transnet, in attendance of Public Enterprises Minister Pravin Gordhan, on Friday launched an enterprise development megahub for small businesses and entrepreneurs in Empangeni, in KwaZulu-Natal. The hub will assist small businesses, aspirant entrepreneurs and... 

Emira on track to achieve environmental sustainability targets – CEO

By: Simone Liedtke     15th March 2019 Diversified real estate investment trust (Reit) Emira Property Fund is continuing its positive impact on environmental sustainability by increasing its use of renewable energy resources, expanding its water efficiency initiatives and phasing out the use of ozone depleting R22 refrigerant gas. The... 

Emira on track to achieve environmental sustainability targets – CEO

African desalination market set for growth – Frost & Sullivan

By: Marleny Arnoldi     15th March 2019 A study conducted by Frost & Sullivan has found that the desalination market in Africa has recovered from the global economic downturn between 2015 and 2017, which had resulted in low investment in desalination across the continent. The firm’s study revealed that the African desalination market... 

African desalination market set for growth – Frost & Sullivan

WRC, DWS launch new satellite earth observation project 

By: Natasha Odendaal     15th March 2019 The Water Research Commission (WRC), the Department of Water and Sanitation (DWS) and the Department of Science and Technology on Friday released a report showing the potential of a new project to monitor cyanobacteria blooms and eutrophication in South Africa's fresh waterbodies. The... 

WRC, DWS launch new satellite earth observation project

PRASA places four execs on special leave 

By: Marleny Arnoldi     15th March 2019 The State-owned Passenger Rail Agency of South Africa (PRASA) has put company secretary Lindikaya Zide, chief information officer Chris Mbatha, corporate real estate solutions CEO Tara Ngubane and suspended enterprise risk GM Tumi Mohube, on special leave, in light of continued allegations of... 

PRASA places four execs on special leave

China a potential market for South African avos as other markets mull import bans

By: Simone Liedtke     15th March 2019 The South African avocado market faces the threat of a possible ban in future, particularly in the UK, which is reportedly getting rid of avocados on ethical grounds, says economist Gilberto Biacuana. The UK is the second most important market for South Africa’s avocado exports, which means that... 

Solution to convert plastic to cement-like blocks soon to launch in South Africa

By: Marleny Arnoldi     15th March 2019 Center for Regenerative Design and Collaboration (CRDC) CEO Don Thompson has invested a process that he says can turn any plastic – dirty or clean and in any form – into cement-like blocks. The products (that achieve this) are called EcoArena Pre-Conditioned Resin Aggregate and Ecoblock, and... 

Solution to convert plastic to cement-like blocks soon to launch in South Africa

Global grounding of Boeing’s 737 Max aircraft 

15th March 2019 Creamer Media's Chanel de Bruyn speaks to Creamer Media Senior Deputy Editor Rebecca Campbell about what led to the grounding of Boeing’s 737 Max aircraft across the world and how this is likely to affect Boeing. 

Global grounding of Boeing’s 737 Max aircraft

PE-based e-coating specialist seeks majority empowerment partner 

By: Irma Venter     15th March 2019 Port Elizabeth-based e-coating specialist, Electrocoat, wishes to sell at least 51% of the business to a black investor. Businesses that are successful in implementing major transformational changes will secure a sustained competitive advantage under the South African Automotive Masterplan 2035,... 

PE-based e-coating specialist seeks majority empowerment partner

Amplats donates 270 ha of land to support land reform 

By: Nadine James     15th March 2019 Anglo American Platinum (Amplats) on Friday handed over 270 ha of land, worth about R26-million, to the Rustenburg local municipality and the Rustenburg Alchemy Development Trust to support sustainable land reform and transformation. Parent company Anglo American said the donation, which followed... 

Amplats donates 270 ha of land to support land reform
Photo by Creamer Media's Dylan Slater
Amplats CEO Chris Griffith and Rustenburg Alchemy Development Trust chairperson Nthabiseng Matsobane

Eskom confirms Stage 2 load-shedding to last until Sunday 

By: News24Wire      15th March 2019 Eskom has said that stage 2 load-shedding will continue until Sunday and the risk of power cuts remains high until the middle of next week. The national power utility said the cuts were due to a shortage of generation capacity caused by plant breakdowns and the need to manage diesel and water... 

 Eskom confirms Stage 2 load-shedding to last until Sunday

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