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Malusi Gigaba resigns as MP

By: News24Wire      Updated 37 minutes ago Former Home Affairs Minister Malusi Gigaba has resigned as a member of Parliament, Parliament spokesperson Moloto Mothapo has confirmed. He quit as a Cabinet minister earlier this week. 

Malusi Gigaba resigns as MP
Photo by Reuters
Former Home Affairs Minister Malusi Gigaba

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury

By: African News Agency      Updated 53 minutes ago The revenue for South African municipalities is expected to rise to R431.5-billion in 2019/20 and R462.5-billion in 2020/21 from a budgeted R404.6-billion for 2018/19, the National Treasury said on Thursday. In a statement on the medium term revenue and expenditure framework for municipalities,... 

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes 

By: Terence Creamer     14th November 2018 Debt-laden electricity utility Eskom is preparing for yet another bruising encounter with consumers in the coming months, during which it will seek to justify it latest R762-billion, three-year revenue application. If successful with its fourth multiyear price determination (MYPD4) application,... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes

Municipalities' unpaid water bills increase to a whopping R13.1bn

By: News24Wire      Updated 2 hours 20 minutes ago Municipalities that do not pay their water bills have run up a whopping R13.1bn debt – an amount just R2bn short of the entire annual budget of the Department of Water and Sanitation. The department told the Portfolio Committee on Water and Sanitation on Wednesday that despite interventions since... 

Cape Town to sign loan with German state-owned KfW Bank for urban wastewater management

By: African News Agency      Updated 1 hour 59 minutes ago The City of Cape Town will next week sign a loan agreement with the Germany's KfW Development Bank for urban wastewater management which will be payable at a favourable rate over 15 years.  The loan is in line with the City's ongoing focus on the upgrading of urban wastewater management... 

China lending to sub-Saharan Africa can support growth, but brings risks – Moody's

By: African News Agency      Updated 2 hours 1 minute ago China’s increased lending to governments in sub-Saharan Africa has the potential to support economic growth, but also amplifies credit risks for countries with high debt, ratings agency Moody’s has said. “Unless African investment financed by Chinese loans generates substantial economic gains... 

Motus about more than car sales, says acting CEO 

By: Irma Venter     14th November 2018 Motus is on track to list on the JSE on November 22, in the specialised retail sector, following the unbundling of the Imperial group into its two main businesses: Imperial Logistics and Motus, with the latter housing all of its automotive related activities. Imperial was, in fact, founded as a... 

Motus about more than car sales, says acting CEO
Ockert Janse van Rensburg

Investment pledges will add about R338bn to South Africa’s economic growth – PwC 

By: Tasneem Bulbulia     14th November 2018 The proposed investment pledges announced during the Presidential Investment Summit in October could add about R338-billion to South Africa’s gross domestic profit (GDP) between 2019 and 2024, says PwC. President Cyril Ramaphosa stated at the conference that “nearly R290-billion” had been pledged... 

Need for regulatory, payment efficiencies highlighted during SME Indaba

By: Schalk Burger     14th November 2018 The efficiency of securing regulatory compliance and the speed at which small and medium-sized enterprises (SMEs) are paid by private companies and public organisations were on Wednesday cited as some of the biggest concerns for small businesses. Speaking at the Small Business Institute (SBI) SME... 

South Africa's land expropriation unnerves investors – World Bank executive

By: Reuters     14th November 2018 Plans by South Africa's ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior World Bank group executive said on Wednesday. President Cyril Ramaphosa's party has made the acceleration of land... 

South Africa's land expropriation unnerves investors – World Bank executive

Land issue is a festering sore – Ramaphosa 

By: News24Wire      14th November 2018 Whenever President Cyril Ramaphosa travels abroad and hosts a media conference, he now inevitably faces questions around land reform without expropriation. His stock answer? That without comprehensive land reform, South Africa's hard-won stability may come undone. While Wednesday was no... 

 Land issue is a festering sore – Ramaphosa
President Cyril Ramaphosa & European Parliament President Antonio Tajani

Policy support needed for development of sustainable alternative energy sources – SAEEC

By: Marleny Arnoldi     14th November 2018 Although natural gas is about 60% cleaner than coal in terms of carbon dioxide emissions, it currently contributes only 1.5% of the country’s total primary energy needs. Even through the National Development Plan (NDP) aims to delink economic development from environmental decay and... 

South Africa must consider charging strategies before investing in EVs

By: Marleny Arnoldi     14th November 2018 South Africa needs to develop controlled charging strategies before it embarks on large-scale investment in electric vehicles (EVs), Council for Scientific and Industrial Research research engineer Paseka Mabina said during the South African Energy Efficiency Confederation conference, on... 

Vanadium batteries the solution to meet growing energy storage demand – Bushveld 

By: Simone Liedtke     14th November 2018 Vanadium redox flow batteries (VRFBs) are a front-runner technology for meeting the growing demand in the energy storage sector, says Bushveld Energy CEO Mikhail Nikomarov. During a webinar on energy storage this week, he noted that data by US-based multiservice professional firm Navigant shows... 

MTN shares rise on report that Nigeria could reduce $10.1bn fine

By: Reuters     14th November 2018 Shares in South Africa's MTN Group rose 2.6% on Wednesday on a media report that Nigerian authorities could reduce the $10.1-billion sum they are demanding from the telecoms company in a dispute. The sum covers the return of funds transferred overseas by MTN and a separate $2-billion tax bill. 

Indluplace maintains dividend amid tough residential property market

By: Tasneem Bulbulia     14th November 2018 JSE-listed real estate investment trust Indluplace Properties reported a dividend of 49.19c for the second half of the financial year ended September 30, bringing the total dividend for the year to 97.75c, in line with the prior year. During the period, Indluplace bedded down its R4.3-billion... 

VR reinventing education, training in organisations – BSC

By: Simone Liedtke     14th November 2018 Business Science Corporation (BSC) is reinventing itself as the world moves into the Fourth Industrial Revolution (4IR) and is focusing on the use of virtual reality (VR) as a cost-effective method of training people. Skills development and the inadequacies of traditional safety training remain... 

SAB, AB InBev launch alcohol-free snack

By: African News Agency      14th November 2018 South African Breweries and AB InBev are piloting a savoury grain snack made from locally grown grain, the proceeds of whose sale will be used to help develop emerging farmers and support community development initiatives, the companies said. Castle Lager Better Bites is available for purchase at... 

Nzimande in, Gigaba out, but home affairs questions get bumped in the House

By: News24Wire      Updated 2 hours 50 minutes ago Acting Minister of Home Affairs Blade Nzimande may have been present during the oral question session in Parliament on Wednesday, but answers to key questions in this portfolio were not. Former Home Affairs Minister Malusi Gigaba, now an ordinary MP, was also absent. Gigaba resigned this week... 

Nzimande in, Gigaba out, but home affairs questions get bumped in the House
Acting Home Affairs Minister Blade Nzimande

Quality of life for Africans low in Gauteng – survey

By: Sashnee Moodley     14th November 2018 The African population in Gauteng has a quality of life index score that is below the provincial average and is not catching up with white South Africans, who are seeing larger gains in measured quality of life. This is according to the fifth edition of the Gauteng City Region Observatory (GCRO)... 

Quality of life for Africans low in Gauteng – survey
Gauteng Premier David Makhura

SA needs to consider oil underinvestment, variable renewables implications 

14th November 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the possible implications for South Africa of a global underinvestment in oil production, as well as the growing need to introduce flexibility in power markets. 

SA needs to consider oil underinvestment, variable renewables implications, says Terence Creamer

Gigaba resigns as Home Affairs Minister

By: Reuters     13th November 2018 Home Affairs Minister Malusi Gigaba has resigned, the Presidency said on Tuesday, following calls from opposition parties to stand down in recent weeks over a High Court ruling which found he lied under oath. Gigaba, who was finance minister between March 2017 and February 2018, has denied any... 

Flexibility to take on ‘unprecedented importance’ as renewables rise 

By: Terence Creamer     13th November 2018 The International Energy Agency (IEA) says that higher shares of variable renewable energy in electricity systems will require a “step change” in the requirement for flexibility, which is the capability to balance electricity supply and demand at all times so as to keep the lights burning. The... 

Flexibility to take on ‘unprecedented importance’ as renewables rise

Gauteng Quality of Life survey shows improvement

By: Tasneem Bulbulia     13th November 2018 The latest Quality of Life Index for the Gauteng City Region (GCR) shows a sustained improvement in the quality of life and an increase in the levels of satisfaction with national, provincial and local government, the Gauteng provincial government reports. The index, which is compiled by the GCR... 

Energy industry in need of efficiency intervention

By: Marleny Arnoldi     13th November 2018 The global energy industry finds itself in urgent need of energy efficiency intervention, in support of preventing the earth from heating up by 4.5 ˚C by 2100, South African Energy Efficiency Confederation (SAEEC) president Lisa Reynolds said during the opening of the SAEEC Conference, on... 

Energy efficiency important in mitigating climate change

By: Marleny Arnoldi     13th November 2018 South Africa is warming up, with a current estimated 4 ˚C to 6 ˚C increase in national temperature expected by 2050, compared with the global threat of a 4.5 ˚C temperature increase by 2100, Department of Environmental Affairs climate change director Reitumetse Molotsoane said on Tuesday.... 

Improved performance drives Sephaku’s H1 earnings higher

By: Simone Liedtke     13th November 2018 Construction materials company Sephaku Holdings (SepHold) achieved a 75.9% year-on-year increase in basic earnings a share to 12.83c for the six months ended September 30, as a result of a significantly improved performance during the period. Headline earnings a share increased by 77.3%... 

Energy industry steadily embracing digitalisation, 4IR

By: Marleny Arnoldi     13th November 2018 Internet traffic data has grown from 2 TB in 1987 to 1.1 zettabytes, or 1.1 ZB, in 2017, meaning digitalisation is already upon us, and not a distant dream, said national Cleaner Production Centre industrial energy efficiency project manager Alfred Hartzenburg. Speaking at the South African... 

Scope for industrial parks to become SEZs, given appropriate support

By: Tasneem Bulbulia     13th November 2018 With proper infrastructure, utilities and management, the twenty-six approved industrial parks across South Africa can, in future, become special economic zones (SEZs) that can contribute immensely to the economy of the country and create jobs, Department of Trade and Industry (DTI)... 

Johannesburg Park Station platforms to be closed for a month

By: African News Agency      13th November 2018 Passenger Railway Agency South Africa (PRASA) on Tuesday said the majority of Johannesburg Park Station platforms will be closed with limited train services accessing the station between November 16 and December 16. PRASA said their modernisation programme aimed at rolling out new modernised... 

Icasa calls for comment for IMT roadmap

By: Natasha Odendaal     13th November 2018 The Independent Communications Authority of South Africa (Icasa) on Tuesday called for public comment on its draft International Mobile Telephony (IMT) Roadmap. Stakeholders have until January 18 to give their views on the document that seeks to unlock universal availability of broadband... 

Municipal debt to Eskom climbs to R17bn

By: African News Agency      13th November 2018 The debt owed to Eskom by South Africa's municipalities continues to grow and had now reached R17-billion, Cooperative Governance Minister Zweli Mkhize told MPs on Tuesday.. "We have noted that debt stood at R14.3-billion and currently has gone up to R17-billion and that's just for Eskom and a... 

Strong relationship bodes well for boosting India/South Africa trade and investment

By: Rebecca Campbell     13th November 2018 South Africa and India already have a solid framework for strong relations, not least in the areas of trade and investment, Indian High Commissioner to South Africa (Ms) Ruchira Kamboj tells Engineering News Online. "India and South Africa are old friends and historical partners," she highlights.... 

Don’t change the Constitution for land reform – CDE

By: Sashnee Moodley     13th November 2018 Changing the Constitution to accelerate land reform is unnecessary and threatens property rights for no good reason, says the Centre for Development and Enterprise (CDE) in its latest report ‘Agriculture, Land Reform and Jobs: Can South Africa make this work?’. The CDE said that while it opposed... 

Don’t change the Constitution for land reform – CDE

MTN aims to offer mobile banking in Nigeria next year

By: Reuters     13th November 2018 MTN Group will apply for a mobile banking licence in Nigeria and plans to launch the service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market. Nigeria announced last month that it would allow telecom... 

Telkom delivers strong H1, retrenchment, retirement costs cut earnings 

By: Natasha Odendaal     13th November 2018 Voluntary severance package (VSP) and voluntary early retirement package (VERP) costs have dragged down the earnings of JSE-listed Telkom during the first half of the year. Headline earnings per share (HEPS) for the six months ended September 30 declined by 3.3% to 288c apiece owing to a... 

Telkom CEO Sipho Maseko and CFO Tsholofelo Molefe discuss the groups financial results for the six months ended September 30. Video and video editing: Darlene Creamer 13.11.2018

Court papers show Transnet executives 'colluded fraudulently'

By: News24Wire      13th November 2018 Court papers filed by Transnet to recover R189-million in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior executives of the State-owned firm, in allowing the transaction. Former Transnet CEO Siyabonga Gama, ex-chief financial officer Anoj Singh, Robert... 

 Court papers show Transnet executives 'colluded fraudulently'

City of Cape Town to harness stormwater to boost water resources

By: News24Wire      13th November 2018 Stormwater is set to become a new water resource, the City of Cape Town has said. Instead of rushing down gutters and into the sea, stormwater will be kept and used. Just how it will be incorporated into the water system, or how much of it will be captured, is still in the planning stages. But... 

City of Cape Town to harness stormwater to boost water resources

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