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South Africa needs an ‘explicit’ digital industrial policy 

By: Terence Creamer     12th November 2018 Trade and Industry Minister Dr Rob Davies is warning that unless South Africa develops and “explicit digital industrial policy” there is no guarantee that the potential benefits of the so-called Fourth Industrial Revolution will outweigh the disadvantages. South Africa has had an official... 

South Africa needs an ‘explicit’ digital industrial policy
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies

Vodacom posts H1 uptick  

By: Natasha Odendaal     12th November 2018 JSE-listed Vodacom on Monday posted growth across the board for the first half of the 2019 financial year, with service revenue up 6.1% to R36.8-billion and group revenue up 5.6% to R44.4-billion. During the six months ended September 30, the group achieved headline earnings a share of 385c, a 6%... 

Defence sector code gazetted 

By: Marleny Arnoldi     12th November 2018 Trade and Industry Minister Dr Rob Davies expects transformation in South Africa’s defence sector to gain traction, following the gazetting, on Monday, of the Defence Sector Code in terms of Section 9(1) of the Broad-Based Black Economic Empowerment Amendment Act. Davies says the development of... 

Eskom warns of power cuts due to low coal stockpiles 

By: Reuters     12th November 2018 Cash-strapped power utility Eskom said on Monday the risk of nation-wide electricity outages had increased significantly due to a sharp fall in coal stockpiles at five of its power stations. "The risk of load-shedding is there and its rising," said Eskom spokesperson Khulu Phasiwe. 

Eskom warns of power cuts due to low coal stockpiles

SAA welcomes government’s support

By: Marleny Arnoldi     12th November 2018 South African Airways (SAA) has assured its stakeholders, customers and suppliers of its business continuity after government confirmed that the airline will not be shut down or sold. Public Enterprises Minister Pravin Gordhan last week clarified government’s position that, while the airline... 

SAA welcomes government’s support

DWS to establish licensing body, advisory council

By: Marleny Arnoldi     12th November 2018 The Department of Water and Sanitation (DWS) will establish a schedule three institution to accelerate the issuing of water use licences. This follows after Water and Sanitation Minister Gugile Nkwinti expressed his intention, during a Ministerial Innovators Interactive Session that was hosted... 

Deregulated India attracting tens of billions of dollars in foreign investment

By: Rebecca Campbell     12th November 2018 India attracted $44.9-billion in foreign direct investment during the 2017/2018 financial year, Indian High Commissioner to South Africa Ruchira Kamboj highlighted on Monday. She was addressing the Invest in India Business Forum in Sandton, north of Johannesburg. "Why India? Because it's the new... 

Medical sector benefits from Free State additive manufacturing facility

By: Rebecca Campbell     12th November 2018 The only ISO13485-certified medical implants additive manufacturing (AM, also called 3D printing) facility in Africa is the Central University of Technology's (CUT's) Centre for Rapid Prototyping and Manufacturing, or CRPM for short. (CUT is located in Bloemfontein.) "Naturally, our focus is on... 

Cane valuations, land negotiations dent Tongaat Hulett’s H1 headline earnings

By: Marleny Arnoldi     12th November 2018 JSE-listed agriculture and agroprocessing group Tongaat Hulett suffered a 64% year-on-year decrease in operating profit for the six months ended September 30 to R530-million, compared with the R1.4-billion profit reported for the six months ended September 30, 2017. Tongaat said on Monday that... 

Cane valuations, land negotiations dent Tongaat Hulett’s H1 headline earnings

Rebosis shares fall on lower dividend

By: Tasneem Bulbulia     12th November 2018 JSE-listed real estate investment trust (Reit) Rebosis Property Fund's share price fell by more than 23% on Monday. The Reit declared a dividend of 252.86c per A ordinary share and 92.83c per ordinary share for the financial year ended August 31. This represents a 5% year-on-year increase in the... 

Omnia shares fall as it warns of interim loss

By: Simone Liedtke     12th November 2018 Local chemicals company Omnia Holdings’ share price on the JSE fell by more than 16% on Monday after it announced that it expects to swing to a loss a share for the six months to September 30. It expects to report a loss a share of between 85c and 170c, compared with the earnings a share of 423c... 

Torre receives buyout offer from consortium

By: Simone Liedtke     12th November 2018 JSE-listed industrial group Torre Industries on Monday said a consortium has expressed a firm intention to make an offer to acquire 100% of the total issued ordinary share capital in Torre. The consortium comprises Main Street 1641, a special purpose vehicle established by Ethos Mid-Market Fund,... 

Jet Demolitions lands second World Demolition Award for Eskom project

By: Tasneem Bulbulia     12th November 2018 Jet Demolition has won the Industrial Demolition Award at the World Demolition Awards for the fast-track demolition of a damaged boiler structure at power utility Eskom’s Duvha power station, in Mpumalanga. The awards were held in Dublin, Ireland, last week. 

Jet Demolitions lands second World Demolition Award for Eskom project
Jet Demolition boiler demolition project

Mindworx, Rainmaker join forces to accelerate African businesses’ digital transformation

By: Simone Liedtke     12th November 2018 Business services consultancy Mindworx and UK-based digital and business transformation specialist Rainmaker Solutions have joined forces to accelerate the transformation of African businesses for the digital age. The partnership combines global innovation with local expertise and provides... 

JRA appoints Goodwill Mbatha MD

By: Marleny Arnoldi     12th November 2018 The Johannesburg Roads Agency (JRA) has appointed Goodwill Mbatha MD, effective November 1. Mbatha – a qualified chartered accountant – had been serving as CFO for the last six years.  

Canada's Trudeau says he discussed steel tariffs with Trump in Paris

By: Reuters     12th November 2018 Canadian Prime Minister Justin Trudeau said on Monday he had discussed U.S. steel and aluminium tariffs with President Donald Trump over the weekend and that he hoped to reach a resolution on the matter by the G20 summit in Argentina. "I absolutely brought up the issue of steel and aluminium... 

Ramaphosa heading to France, Belgium

By: African News Agency      12th November 2018 President Cyril Ramaphosa will this week lead a South African delegation on a working visit to the European Union (EU), International Relations Minister Lindiwe Sisulu said on Monday. "President Ramaphosa will from 14 to 15 November 2018 lead a South African delegation on a working visit to the... 

Ramaphosa heading to France, Belgium
President Cyril Ramaphosa

'It actually shocked me' that Zuma wanted Gama as Transnet CEO – Hogan 

By: News24Wire      12th November 2018 Former public enterprises minister Barbara Hogan told the judicial commission of inquiry into allegations of State capture on Monday that former president Jacob Zuma wanted Siyabonga Gama as the Group CEO of Transnet, despite him facing allegations of misconduct. "It actually shocked me," Hogan... 

'It actually shocked me' that Zuma wanted Gama as Transnet CEO – Hogan
Photo by Creamer Media
Former Public Enterprises Minister Barbara Hogan

Standard Bank launches Internet banking in Chinese

By: Simone Liedtke     9th November 2018 Financial services provider Standard Bank successfully launched its first Chinese Internet banking site in Angola this week. With more than 30 000 active Chinese-owned firms in Africa, Standard Bank believes it can grow Africa-China trade by building and managing an innovative and effective... 

Kubayi-Ngubane focuses on inclusivity, 4IR in discussions on STI White Paper 

By: Marleny Arnoldi     9th November 2018 The South African National System of Innovation (NSI) is not yet fully inclusive and, since 1996, South Africa’s innovation performance, which is measured in patents and products, has been relatively flat, Science and Technology Minister Mmamoloko Kubayi-Ngubane said on Friday.  

Science and Technology Minister Mmamoloko Kubayi-Ngubane discusses the draft White Paper on Science, Technology and Innovation. Video and editing by Nicholas Boyd

Kibo submits mining right application for Mabesekwa project

By: Marleny Arnoldi     9th November 2018 Aim-listed Kibo Energy has submitted its application for a full mining right for the Mabesekwa coal independent power producer project, in Botswana. This follows the company’s formal presentation to Botswana’s Department of Mines, which outlined the project’s envisaged development plan.  

Sasol Oil reverses R1.3bn tax provision after favourable court ruling

By: Terence Creamer     9th November 2018 Energy and chemicals group Sasol reported on Friday that it would reverse a R1.3-billion provision made in its 2018 annual financial statements after the Supreme Court of Appeal overturned an earlier adverse finding against Sasol Oil by the Tax Court. Sasol Oil and the South African Revenue... 

M&I Materials opens Africa’s pioneer ester transformer fluid factory

By: Tasneem Bulbulia     9th November 2018 M&I Materials has opened South Africa’s first ester transformer fluid manufacturing plant, to provide a reliable, local supply of electricity grid components to support the country’s plans for electrification. M&I Materials is a family-owned manufacturing company based in the UK with offices in... 

M&I Materials opens Africa’s pioneer ester transformer fluid factory
Ribbon cutting ceremony at the opening of M&I Material’s ester transformer fluid manufacturing plant in South Africa

Wind energy OEMs call to boost procurement gap; promise to boost localisation

By: Kim Cloete     9th November 2018 Major manufacturers and suppliers of wind energy turbines and equipment to South Africa are relieved that the wind industry is on a roll again, but have called on the government to close the procurement gap in the draft Integrated Resource Plan (IRP). The current draft IRP has a gap in the years... 

Lazard says ‘inflection point’ reached making new renewables cheaper than existing coal 

By: Terence Creamer     9th November 2018 A new US study comparing the costs of energy from various generation technologies indicates that an “inflection point” has been reached where, in some cases, it is more cost effective to build and operate new renewable-energy projects than to maintain existing conventional generation plants. The... 

Lazard says ‘inflection point’ reached making new renewables cheaper than existing coal

Nordex to install more turbines at four South African wind farms

By: Kim Cloete     9th November 2018 Wind turbine designer and manufacturer Nordex will double the number of local employees and install another 174 wind turbines on four wind farm sites in South Africa. Nordex South Africa MD Anne Henschel said the investment followed the signing of Round 4 of the Renewable Energy Independent Power... 

Advance infrastructure construction on LHWP Phase 2 to start in January

By: Simone Liedtke     9th November 2018 Advance infrastructure construction at Polihali and Katse, which forms part of the Lesotho Highlands Water Project (LHWP) Phase 2, is set to begin in early January, following the award of a contract, valued at about 394-million Lesotho Maloti, to the WBHO and LSP Construction joint venture (JV).... 

Numsa demands bailout for Denel

By: Reuters     9th November 2018 South Africa's government must urgently inject at least R7-billion into struggling State-owned defence group Denel, the National Union of Metalworkers of South Africa (Numsa) said on Friday. Denel reported a R1.7-billion for the 2017/18 financial year and is struggling to pay worker salaries and... 

Numsa demands bailout for Denel

Opic, Africell commit $100m to develop Africa’s telecommunications environment 

By: Natasha Odendaal     9th November 2018 US development finance institution Overseas Private Investment Corporation (Opic) and mobile telecommunications operator Africell have signed a financing deal that will see $100-million injected into the development of the telecommunications sector in Africa. The growth capital facility, one of... 

Carmakers lure ride-hailer, delivery drivers in Africa

By: Reuters     9th November 2018 At Suzuki Motor Corp's showroom in the Kenyan capital, hundreds of its Alto compact cars are waiting to be collected. Most of the customers are drivers for ride-hailing company Uber Technologies, which struck a loans and discount deal with the Japanese carmaker and South Africa's Stanbic Bank, at... 

Sugar maker Tongaat flags H1 loss

By: Reuters     9th November 2018 Tongaat Hulett said on Friday it expects to fall to a half-year loss as market conditions in its South African and Mozambique sugar operations weigh on revenue and operating profit. The firm said it expects a headline loss per share, which strips out certain once off items and is the main profit... 

Tiger Brands says FY earnings to fall as much as 30%

By: Reuters     9th November 2018 Tiger Brands expects full year headline earnings per share to fall between 25% and 30% compared with the previous year, the food group said on Friday, sending its shares 3% lower. In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business... 

South Africa leads other emerging economies in key areas of additive manufacturing

By: Rebecca Campbell     9th November 2018 South Africa is one of the leaders in additive manufacturing (AM) among emerging and developing countries, Dr Jorge Vicente Lopes da Silva tells Engineering News Online. Lopes da Silva is an AM researcher at the Brazilian Federal Ministry of Science, Technology and Innovation's Renato Archer... 

Toyota, VW developing seven black component suppliers, says DTI’s Davies 

By: Irma Venter     9th November 2018 Seven black-owned automotive component suppliers are currently undergoing an 18-month training programme, with the aim of supplying some of South Africa’s vehicle manufacturing plants in future, says Trade and Industry Minister Dr Rob Davies. Responding to a question in Parliament this week, he... 

 Toyota, VW developing seven black component suppliers, says DTI’s Davies
Dr Rob Davies

Wind energy industry commits to investing in South Africa

By: Kim Cloete     9th November 2018 South Africa’s wind energy industry has adopted a charter, which commits to long-term investment in the development of the country. A commitment statement drafted by members of the industry was adopted at an annual general meeting of the South African Wind Energy Association (SAWEA) in Cape Town.... 

Court sets aside decision allowing coal mine in Mabola Protected Environment

By: News24Wire      9th November 2018 The North Gauteng High Court in Pretoria has set aside a 2016 decision allowing a new coal mine to be developed in the Mabola Protected Environment near Wakkerstroom, Mpumalanga. The decision had been made by of former mineral resources minister Mosebenzi Zwane and late environmental affairs... 

SA lags, but has much to gain from boosting energy efficiency

By: Schalk Burger     9th November 2018 The energy intensity of South Africa’s economy – defined as energy consumption as a function of gross domestic product – is about twice the international average and electrical energy consumption is about 40% higher than the international average, says the Academy of Science South Africa (ASSAf).... 

SA lags, but has much to gain from boosting energy efficiency

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      9th 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

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