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Barloworld mulls adding another Cat business; cuts 1 000 auto jobs 

By: Irma Venter     Updated 2 hours 19 minutes ago Barloworld is mulling the acquisition of another distribution deal with US equipment manufacturer Caterpillar, says Barloworld CEO Dominic Sewela. This follows the sale of the Iberia Equipment business in Spain for R2.5-billion. 

Barloworld mulls adding another Cat business; cuts 1 000 auto jobs
Dominic Sewela

Astral commits to R1.1bn in expansion projects 

By: Simone Liedtke     Updated 3 hours ago On the back of President Cyril Ramaphosa’s recent investment drive and stimulus plan, integrated poultry producer Astral Foods has committed R1.1-billion to expansion projects over the next three years. This is the JSE-listed company’s first major expansion in its poultry division in a decade and... 

Astral commits to R1.1bn in expansion projects

Optimism in South Africa's economic recovery fading – IMF

By: Reuters     Updated 1 hour 5 minutes ago South Africa's economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a result of global trade tensions, the International Monetary Fund (IMF) said on Monday. "Some of the initial optimism has dissipated as growth remains stuck in... 

Gibela to hand over SA-built train before year-end 

By: Marleny Arnoldi     Updated 1 hour 28 minutes ago The first new Xtra’polis Mega commuter train to be built in South Africa since the 1970s is undergoing final testing at transport consortium Gibela’s train manufacturing facility in Dunnottar, Gauteng, ahead of being handed over before the end of 2018 to the Passenger Rail Agency of South Africa... 

Gibela to hand over SA-built train before year-end

Jewel City development project marks sod turning milestone  

By: Tasneem Bulbulia     Updated 1 hour 7 minutes ago The Jewel City development project in Johannesburg is coming to life, with the first sod turned on Monday and further development plans for the inner-city precinct unveiled. The sod-turning was attended by Johannesburg mayor Herman Mashaba and Sigma Capital executive chairperson Phuti Mahanyele. 

Sigma Capital executive chairperson Phuti Mahanyele details the Jewel City development project

State capture was evident as early as 2014 – Gordhan 

By: African News Agency      Updated 1 hour 37 minutes ago The State capture phenomenon had been around as early as 2014 in South Africa during former president Jacob Zuma's administration, Public Enterprises Minister Pravin Gordhan told the State capture commission of inquiry on Monday. He said individual corrupt activities, through procuring goods and... 

State capture was evident as early as 2014 – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Eskom says it is not load shedding

By: African News Agency      Updated 2 hours 9 minutes ago Eskom on Monday said it was not implementing load shedding but the power grid was stretched with a low possibility of load shedding for the rest of week. "We will keep our customers informed if there are any changes to the system. Eskom would like to thank its customers for assisting in keeping... 

Eskom says it is not load shedding

The battery boom to attract $620bn in investment by 2040

By: Bloomberg     Updated 6 hours ago The battery boom is coming to China, California and basically everywhere else – and it will be even bigger than previously thought. The global energy-storage market will surge to a cumulative 942 GW by 2040, according to a new forecast from Bloomberg NEF published on November 13, and that growth... 

Eskom is said to base executive revamp on consultant work

By: Bloomberg     19th November 2018 Eskom is proposing executive job cuts and a reorganisation of management units in an effort to improve the South African utility’s financial position, according to a document seen by Bloomberg. Eskom, which produces about 90% of the nation’s electricity, hired Boston Consulting Group earlier... 

Electricity access finance not enough to meet 2030 global energy goals

By: Marleny Arnoldi     Updated 3 hours ago The finance required to close electricity and clean cooking access gaps remains “drastically short” of what is needed to meet global energy goals by 2030, international energy organisation Sustainable Energy for All states in its latest report. Titled ‘Energizing Finance: Understanding the... 

Patel: I declined several invites from the Guptas 

By: News24Wire      Updated 2 hours 35 minutes ago Economic Development Minister Ebrahim Patel has said he declined several invitations from the Gupta family, including one to the now-infamous wedding at Sun City in 2013. In a written reply to a question from Democratic Alliance (DA) MP Michael Bagraim, Patel clarified that neither he nor... 

 Patel: I declined several invites from the Guptas
Photo by Creamer Media
Economic Development Minister Ebrahim Patel

Nampak forecasts higher earnings

By: Simone Liedtke     Updated 3 hours ago Leading up to the finalisation of its results for the year ended September 30, JSE-listed packaging company Nampak on Monday said that it expected its headline earnings per share (HEPS) for continuing operations to increase by between 12% and 17%. HEPS was 146.3c a share in the previous... 

Steinhoff appoints Louis du Preez as new permanent CEO, shares soar

By: Reuters     Updated 3 hours ago Steinhoff’s CEO Danie van der Merwe has decided to step down from this position at the end of December, the global retailer said in an update to shareholders on Monday.  He will be replaced by Louis du Preez, the group’s current commercial director. 

Steinhoff appoints Louis du Preez as new permanent CEO, shares soar

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

By: Marleny Arnoldi     19th November 2018 Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production
Nespresso using Rio Tinto's responsibly-sourced aluminium in coffee capsule production

Gordhan alerts commission to 'mental lapse'

By: African News Agency      Updated 5 hours ago Public Enterprises Minister Pravin Gordhan said he had to consult with officials at National Treasury and ''refresh his mind'' on events and meetings he took part in back when he was finance minister. Testifying in the commission of inquiry into State capture, chaired by Deputy Chief Justice... 

 Gordhan alerts commission to 'mental lapse'
Photo by Reuters
Public Enterprises Minister Pravin Gordhan

Eskom’s monopoly plunging South Africa into power shortages – DA

By: African News Agency      Updated 5 hours ago State-owned power utility Eskom needs a firm plan of action to make it more efficient and productive and its monopoly on electricity must be broken, the main opposition Democratic Alliance (DA) said on Monday. Eskom was forced to implement an emergency blackout on Sunday, referred to as stage one... 

Eskom’s monopoly plunging South Africa into power shortages – DA

Pravin Gordhan to appear before State capture inquiry

By: News24Wire      19th November 2018 Public Enterprises Minister Pravin Gordhan is expected to deliver his much-awaited testimony on Monday at the State capture inquiry in Johannesburg. Gordhan was said to be angry after his sworn statement, prepared for the judicial inquiry into State capture headed by Deputy Chief Justice Raymond... 

Pravin Gordhan to appear before State capture inquiry
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

PSG Wealth to move into Ingress development in Midrand  

By: Marleny Arnoldi     16th November 2018 JSE-listed property developer Attacq and wealth management firm PSG Wealth on Friday held a sodturning ceremony to officiate the development of the Ingress office park, in the Waterfall precinct, in Midrand. PSG will take up residency in a four-storey 4 376 m2 building, with the construction... 

Attacq CEO Melt Hamman and PSG chairperson Willem Theron share details on the Ingress development in Midrand that will house PSG from August 2019. Video and editing: Nicholas Boyd.

ACSA, Wits Access Management System challenge winner announced

By: Tasneem Bulbulia     16th November 2018 Team Authentic8 was on Friday declared the winner of the Airports Company South Africa (ACSA) and University of the Witwatersrand's (Wits') Tshimologong Digital Innovation Precinct’s security access management hackathon, also called the Access Management System Challenge. The announcement was... 

ACSA, Wits Access Management System challenge winner announced

Vusi Khanyile appointed WWF-SA chairperson

By: Simone Liedtke     16th November 2018 Former Thebe Investment Corporation chairperson Vusumzi (Vusi) Khanyile has been elected the new chairperson of World Wide Fund-South Africa’s (WWF-SA) board of directors at the nongovernmental organisation’s fiftieth annual general meeting. He takes over from Valli Moosa, who has chaired the... 

Vusi Khanyile appointed WWF-SA chairperson
Newly-elected World Wide Fund-South Africa’s (WWF-SA) chairperson Vusi Khanyile

Upcoming protest not the first amid talks of transition away from coal – SAWEA

By: Simone Liedtke     16th November 2018 The South African Wind Energy Association (SAWEA) has defended the industry’s job creation potential. This comes ahead of a peaceful march by the National Union of Mineworkers (NUM), which is planned for November 17, to protest potential job losses in the coal-fired power generation sector as a... 

Treasury announces progress on national health insurance bill  

By: African News Agency      16th November 2018 The South African National Treasury on Friday announced it made “substantial” progress on the national health insurance (NHI) Bill consultation in key areas and have reached agreement on most of the major issues. “We have made substantial progress on key areas and have reached agreement on most... 

Treasury announces progress on national health insurance bill

All not lost, despite trust deficit between govt, private sector

By: Simone Liedtke     16th November 2018 The current trust deficit between government and the private sector is not just based on the private sector’s belief that nothing can or will be done, but rather on the lack of correctly identifying opportunities when trying to bridge the gap. This sentiment, shared by panellists during a... 

All not lost, despite trust deficit between govt, private sector

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns 

By: Terence Creamer     16th November 2018 South Africa’s power utility Eskom reports that it has received approval for the National Treasury from the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations. More than 1.1-million tons have already... 

Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

Regulator approves restart of NTP’s isotope production facility 

By: Marleny Arnoldi     16th November 2018 NTP Radioisotopes on Friday confirmed that the National Nuclear Regulator (NNR) had given it the go-ahead to resume production of essential medical radioisotopes at its Pelindaba facility. NTP, which is a subsidiary of State-owned South African Nuclear Energy Corporation (Necsa), will start with... 

Regulator approves restart of NTP’s isotope production facility

Treasury report finds Koko meddled to help Tegeta

By: African News Agency      16th November 2018 Former Eskom CEO Matshela Koko obstructed coal testing that would have compromised the contract Tegeta Exploration cinched with the power utility, according to a forensic report released by National Treasury on Friday. The report by Fundudzi Forensic Investigation Services details how Eskom... 

 Treasury report finds Koko meddled to help Tegeta
Photo by Creamer Media
Former Eskom CEO Matshela Koko

Automaker groups warn US tariffs will undermine new NAFTA deal

By: Reuters     16th November 2018 US automakers and parts suppliers on Thursday warned that President Donald Trump's steel and aluminum tariffs and threatened car tariffs would undermine the benefits of the new deal to modernize the North American Free Trade Agreement, causing widespread job losses. At a wide-ranging hearing... 

Pentagon to cut troops in Africa as focus shifts to China, Russia

By: Reuters     16th November 2018 The US military will withdraw hundreds of troops focused on counterterrorism operations in Africa over the next several years to support the Pentagon's increased focus on countering threats from China and Russia, officials said on Thursday. Earlier this year, the US military put countering China... 

Zambia plans to transform state power utility into viable firm

By: Reuters     16th November 2018 Zambia has started implementing measures aimed at transforming State-owned Zesco into a viable and efficient public power utility company, the government said on Thursday. Zesco has in the recent past been experiencing serious operational challenges, the chairman of the team put in place to... 

Lack of school toilets puts 620m children in danger – report

By: Reuters     16th November 2018 A lack of proper school toilets threatens the health, education and safety of at least 620-million children around the world, the charity WaterAid said in a new study published on Friday. Children at one in three schools lack access to proper toilets, putting them at risk of diarrhea and other... 

MTN, Cell C secure extension on new end-user regulations deadline

By: Natasha Odendaal     16th November 2018 Mobile operators Cell C and MTN South Africa have reached an agreement with the Independent Communications Authority of South Africa (Icasa) over the implementation of the End-User and Subscriber Service Charter Regulations. The terms of the settlement set a new date of February 28, 2019, for the... 

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet 

By: News24Wire      16th November 2018 National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic... 

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet
Photo by Bloomberg
Former Home Affairs Minister Malusi Gigaba

Astron commissions new R150m tank truck loading rack at Cape Town refinery

By: Marleny Arnoldi     16th November 2018 Astron Energy, formerly Chevron South Africa, officially opened its new tank truck loading rack (TTLR) at its Milnerton refinery, in Cape Town, on Wednesday. The facility took two years to complete and will increase filling efficiency at the refinery – reducing loading time of an average 40 000... 

Astron commissions new R150m tank truck loading rack at Cape Town refinery
Astron Energy CEO Jonathan Molapo and Astron Energy regional transport and operations GM Danie Gouws open the new TTLR at Milnerton refinery

Masango resigns as Eskom capital division executive

By: Marleny Arnoldi     16th November 2018 Eskom group capital division executive Abram Masango has resigned, the Mail & Guardian reported on Friday. This follows after Eskom's announcement earlier in the day that it had suspended him, pending an investigation into various allegations of impropriety against him relating to the Kusile... 

Masango resigns as Eskom capital division executive
Eskom group capital division executive Abram Masango

New pan-African trade bloc holds much promise for SA business

By: Rebecca Campbell     16th November 2018 From March 17 to March 21 this year, African Heads of State and Government held an Extraordinary Summit in Kigali, Rwanda. This was the 10th Extraordinary Summit of the African Union (AU) Assembly and the last day saw the signature of the agreement to establish the African Continental Free Trade... 

New pan-African trade bloc holds much promise for SA business

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      16th November 2018 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

Common understanding required between govt, small business to respond to challenges – Zulu

By: Simone Liedtke     15th November 2018 With the Fourth Industrial Revolution (4IR) fast approaching, Small Business Development Minister Lindiwe Zulu on Thursday said a common understanding was needed among all people in South Africa in order to respond to the challenges and possibilities that it presents. This, she told delegates... 

Common understanding required between govt, small business to respond to challenges – Zulu
Photo by Dylan Slater
Small Business Development Minister Lindiwe Zulu

Own revenue generation enables Gauteng to extend budget allocation by R1.9bn  

By: Marleny Arnoldi     15th November 2018 Finance MEC Barbara Creecy has increased the Gauteng Provincial Government’s budget by R1.9-billion to R123.2-billion, compared with the R121.4-billion budget that was announced in March. Presenting the Adjustment Budget and Medium Term Budget Policy Statement in the Gauteng Legislature, on... 

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