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New construction process proposed for Gautrain expansion project

By: Irma Venter     21st January 2019 More than halfway through the 15-year Gautrain concession period, Gautrain Management Agency (GMA) CEO Jack van der Merwe says he is pleased with the operation of the 80-km rail system. “Looking back at building the Gautrain there are positives and negatives. A positive is that we have an... 

 New construction process proposed for Gautrain expansion project

Armscor grants CEO special leave to prepare for State capture inquiry

By: Marleny Arnoldi     21st January 2019 Armaments Corporation of South Africa (Armscor) CEO Kevin Wakeford has requested special leave, after his name was mentioned during testimony before the Zondo Commission Inquiry into State Capture last week. IOL News reported on Sunday that Bosasa’s former COO Angelo Agrizzi last week told the... 

South Africa may double power purchases from Congo hydro plant

By: Bloomberg     21st January 2019 South Africa is mulling committing to doubling the amount of electricity it will buy from a proposed multibillion-dollar hydro power plant in the Democratic Republic of Congo. Increasing the amount of electricity that South Africa will buy has become a linchpin for the companies seeking to build... 

South Africa may double power purchases from Congo hydro plant

IMF sees weakest global growth in three years as Europe slows

By: Bloomberg     21st January 2019 The International Monetary Fund cut its forecast for the world economy, predicting it will grow at the weakest pace in three years in 2019 and warning fresh trade tensions would spell further trouble. In its second downgrade in three months, the lender blamed softening demand across Europe and... 

IMF sees weakest global growth in three years as Europe slows

McConnell Dowell boosts order book to R11bn

By: Marleny Arnoldi     21st January 2019 Construction group Aveng’s Australian subsidiary McConnell Dowell, has secured contracts to the value of R8.5-billion in the first half of the 2019 financial year. This supports McConnell’s baseline revenue for financial year 2020 and beyond.  

PIC inquiry appeals for information as probe gathers momentum

By: African News Agency      21st January 2019 The sittings of the judicial commission of inquiry into allegations of impropriety at the Public Investment Commission (PIC) kicked off in Pretoria on Monday. The chairperson of the inquiry, former president of the Supreme Court of Appeal, Justice Lex Mpati appealed to individuals to come forward... 

PIC inquiry appeals for information as probe gathers momentum

Mokonyane not aware of any allegations against her at state capture commission

By: News24Wire      21st January 2019 Environmental Affairs Minister Nomvula Mokonyane's office says it knows nothing about claims implicating her in testimony before the state capture commission of inquiry and says it will be "impolitic" to engage reports claiming otherwise. Weekend newspapers reported that Mokonyane would be among... 

ISAF Ithubalethu launches IPO for student accommodation  

By: Tasneem Bulbulia     21st January 2019 Inkunzi Student Accommodation Fund (ISAF) Ithubalethu is aiming to counter the shortage of affordable student accommodation, while enabling access to the property market for the general public, and delivering returns to investors, ISAF Ithubalethu CEO Owen Nkomo outlined on Monday, during a... 

Inkunzi Student Accommodation Fund Ithubalethu CEO Owen Nkomo outlines that fund’s IPO, and future prospects. Video and editing: Nicholas Boyd.

Computicket to appeal R20m Competition Tribunal fine

By: Marleny Arnoldi     21st January 2019 Ticketing provider Computicket on Monday said it would appeal a decision by the Competition Tribunal that it used dominance between 2005 and 2010 relating to exclusive agreements with inventory providers for live entertainment events. The Competition Tribunal earlier announced that it had... 

President Ramaphosa says Education Lekgotla will focus on improving basic education

By: African News Agency      21st January 2019 President Cyril Ramaphosa said on Monday that the Education Lekgotla in Boksburg will focus on improving basic education. He said the gathering would look at steps to be taken this year and beyond to make basic education a more effective and efficient platform for the creation of an... 

President Ramaphosa says Education Lekgotla will focus on improving basic education
President Cyril Ramaphosa

Mahindra breaks through 5 000-unit barrier in 2018

By: Irma Venter     21st January 2019 Mahindra South Africa has recorded its best year ever in 2018, when the company sold 5 486 new vehicles in the domestic market. “Breaking through the 5 000 barrier in 2018 culminated in a very busy year for Mahindra,” says Mahindra South Africa CEO Rajesh Gupta. 

Mahindra breaks through 5 000-unit barrier in 2018
The KUV100

Zimmer Biomet appoints Profica to facilitate smooth office migration

By: Marleny Arnoldi     21st January 2019 Global medical device manufacturer Zimmer Biomet has appointed property and construction solutions company Profica to provide tenant representation and office fitout for a warehouse and office building that Zimmer will occupy. The building is currently under development at the Waterfall... 

Smart speakers become fastest growing connected device – report

By: Natasha Odendaal     21st January 2019 Smart speakers, fifth-generation (5G) networks and cloud-based Artificial Intelligence (AI) are the baselines of increased connectivity and potential for innovation this year, the latest ‘Deloitte Global Technology, Media and Telecommunications (TMT) Predictions’ report shows. The eighteenth... 

South African wine grape crop for 2019 ‘marginally larger’ – Vinpro

By: Simone Liedtke     21st January 2019 The 2019 South African wine grape harvest is expected to be only slightly larger than that of 2018, as vineyards are still recovering from a three-year drought, bad weather during fruit set in October and a continued decline in wine grape vineyards, agricultural association Vinpro said in a... 

South African wine grape crop for 2019 ‘marginally larger’ – Vinpro
The 2018 harvest amounted to just over 1.2-million tonnes, 14% smaller than the previous year, mainly owing to the drought

Drought, animal disease threaten South African farmers

By: Reuters     21st January 2019 South African grain and red meat farmers are bracing for hard times after dry weather conditions and an outbreak of the highly contagious foot and mouth disease suspended meat exports, officials said on Friday. Maize prices have climbed amid concerns that dry conditions in the main part of South... 

Western Cape average dam levels nearly double year-on-year

By: Natasha Odendaal     21st January 2019 The average dam levels in the Western Cape and the dams supplying the City of Cape are considerably higher than the prior two years, data released by the provincial Local Government, Environmental Affairs and Development Planning Department shows. The average dam level in the Western Cape on... 

AGCO to take farm mechanisation into rural African communities

By: African News Agency      21st January 2019 Global agriculture company AGCO has launched an initiative to take farm mechanization deep into rural communities in Africa to facilitate food security and unlock the potential of small-scale farming. AGCO, a worldwide manufacturer and distributor of agricultural equipment, unveiled the Farm in a... 

Nigeria's State oil company seeks $4.1bn to lift output

By: Bloomberg     21st January 2019 Nigeria’s State-owned oil company said it’s in talks with financiers to raise as much as $4.1-billion and will seek to sign service deals to increase production from three leases. The Nigerian National Petroleum Corporation, or NNPC, is in discussions with Lagos-based Sterling Oil Exploration &... 

Egypt to invest $9bn in refineries' upgrade over four years – Minister

By: Reuters     21st January 2019 Egypt plans to upgrade six oil refineries at a cost of about $9-billion over four years to increase domestic production to 41-million tonnes a year, the petroleum minister said. "We are trying to secure crude oil supplies for Egyptian refineries to increase local production of refined products,"... 

South Africa turned down Zimbabwe request for $1.2bn loan in December

By: Reuters     21st January 2019 South Africa turned down a request from its southern African neighbour Zimbabwe for a $1.2-billion loan in December, a spokesman for the finance ministry said on Monday. "South Africa doesn't have that kind of money," National Treasury spokesperson Jabulani Sikhakhane said. 

Location a key discussion point as Saudi Aramco mulls South African refinery investment

By: Terence Creamer     18th January 2019 “Location, location, location,” South Africa’s Minister Jeff Radebe quipped on Friday after a meeting with his Saudi counterpart, Khalid Al-Falih, where it was agreed that Saudi Aramco and the Central Energy Fund (CEF) would jointly study a plan for a new oil refinery and petrochemical investment... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment
Kingdom of Saudi Arabia’s Energy, Industry and Mineral Resources Minister Khalid Al-Falih with South Africa's Energy Minister Jeff Radebe

Evolution II Fund closes $41m funding round

By: Tasneem Bulbulia     18th January 2019 Africa-focused investment advisory firm Inspired Evolution led a $41-million equity investment by its Evolution II Fund and other consortium partners into Africa-focused solar business d.light. Evolution II invested $18-million alongside $10.6-million from the Dutch Development Bank FMO,... 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty 

By: Terence Creamer     18th January 2019 Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan (IRP) for electricity, despite persistent suggestions that National Economic Development and Labour Council (Nedlac) sign-off of the document is still... 

Radebe insists IRP to be approved soon, amid Nedlac uncertainty

South African-built Hilux wins Dakar 2019

By: Irma Venter     18th January 2019 A South African-built bakkie has clinched the 2019 Dakar rally. Driven by Qatari driver Nasser Al Attiyah and French co-driver Mathieu Baumel, the Toyota Gazoo Racing South Africa’s (SA’s) Hilux powered to the checkered flag on Thursday, nearly 47 minutes clear of second-place Nani Roma and Alex... 

South African-built Hilux wins Dakar 2019
Mathieu Baumel, Glyn Hall and Nasser Al Attiyah

President signs into law three 2018 tax Bills

By: Tasneem Bulbulia     18th January 2019 President Cyril Ramaphosa has signed into law three 2018 tax Bills that give legislative effect to the tax proposals announced by former Finance Minister Malusi Gigaba in his yearly National Budget Speech on February 21, 2018, the National Treasury announced in a statement on Friday. These are... 

Clough JV selected as preferred tenderer for civil works at Australian hydropower project 

By: Creamer Media Reporter      18th January 2019 The Clough Salini Joint Venture (JV) has been selected as the preferred tenderer for about A$4-billion worth of civil works packages for the Snowy 2.0 project – a multiyear infrastructure project. Clough is a wholly owned subsidiary of Murray & Roberts and has a 35% shareholding in the JV. 

How the cargo ship industry is cleaning up its filthy act

By: Bloomberg     18th January 2019 Air pollution from cars and factories has been regulated in much of the world since the 1970s. When it comes to the smoke-belching ships that carry global trade, the rules have been a lot looser. Big changes start next January, though, when long-debated standards from the International Maritime... 

IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

Policy uncertainty index remains in negative territory – NWU

By: Tasneem Bulbulia     18th January 2019 The North West University (NWU) Business Schools’ Policy Uncertainty Index (PUI) remained in negative territory in the fourth quarter of 2018. The business school noted that the country’s economy had moved out of recessionary territory, but that economic recovery was slow and patchy. 

Saudi Arabia plans oil refinery, petrochemicals plant in South Africa

By: Reuters     18th January 2019 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10-billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said on Friday. In comments following a meeting with South Africa's energy minister Jeff Radebe in Pretoria, Al-Falih... 

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

By: African News Agency      18th January 2019 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

Aveng sells noncore Aveng Water business  

By: Tasneem Bulbulia     18th January 2019 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      18th January 2019 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

Roads Agency Limpopo accepts CEO's resignation

By: African News Agency      18th January 2019 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... 

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

By: African News Agency      18th January 2019 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... 

South Africa’s electricity sector 

18th January 2019 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

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

By: News24Wire      18th January 2019 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... 

Inside one of Joburg’s flagship urban renewal projects

By: Dylan Slater     18th January 2019 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

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