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Sappi mulls further Saiccor expansion as it moves ahead with R7.7bn project 

By: Terence Creamer     Updated 4 hours ago JSE-listed forest products group Sappi has confirmed that it is considering a further expansion of its giant Saiccor dissolving wood pulp (DWP) mill in KwaZulu-Natal, having only recently pulled the trigger on a R7.7-billion investment to expand output at the facility by 110 000 t/y. An... 

Sappi mulls further Saiccor expansion as it moves ahead with R7.7bn project
The Saiccor mill

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

By: African News Agency      Updated 7 hours 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

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

By: Marleny Arnoldi     Updated 44 minutes ago 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... 

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

By: News24Wire      15th November 2018 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      15th November 2018 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... 

Committee gives green light for Constitutional amendment on land reform 

By: African News Agency      Updated 5 hours ago The ruling African National Congress (ANC) on Thursday, dismissed accusations by opposition parties that the process which led to the adoption of a draft report by members of Parliament (MPs) on Thursday in favour of changing the Constitution to explicitly provide for land expropriation without... 

Committee gives green light for Constitutional amendment on land reform

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

By: Simone Liedtke     Updated 26 minutes ago 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... 

Malusi Gigaba resigns as MP 

By: News24Wire      Updated 6 hours ago Malusi Gigaba has resigned as a Member of Parliament, saying it was his honour and privilege to serve as a MP for the African National Congress (ANC). The Office of the Speaker and ANC Chief Whip Jackson Mthembu confirmed Gigaba's resignation on Thursday, effective from Tuesday, November 13. "It... 

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

GE pulls out of Nigeria rail concession, hands over to Transnet

By: Bloomberg     Updated 1 hour 26 minutes ago General Electric (GE) said it’s giving up a Nigerian railway concession and handing it over to Transnet in line with its strategy to exit the transportation business. Agreements GE reached with the Nigerian government “are now being negotiated by Transnet and its consortium partners” including... 

Steeledale appoints new CEO

By: Tasneem Bulbulia     Updated 1 hour 42 minutes ago In line with Kutana Steel Group’s long-term strategy, its member company Steeledale has appointed Chris Harito CEO, effective January 1. Harito previously served as the CFO of Steeledale under the leadership of outgoing CEO Schalk Burger. 

Attacq’s Ellipse Waterfall achieves towering first-week sales

By: Tasneem Bulbulia     Updated 4 hours ago JSE-listed Attacq, in collaboration with JV partner Tricolt, is recording high sales volumes on Phase 1 of Ellipse Waterfall, the first high-rise residential development within Waterfall City, with sales totalling R420-million in the first week. The new residential development was announced in... 

Attacq’s Ellipse Waterfall achieves towering first-week sales
Ellipse Waterfall

Attacq unveils landmark Africa sculptures at Mall of Africa

By: Tasneem Bulbulia     Updated 2 hours 21 minutes ago JSE-listed Attacq this week unveiled its latest art development, titled “There is no time like the present” and located at Mall of Africa. The sculptures, each reaching a height of 5.5 m, represent the two “faces” of Africa. 

Attacq unveils landmark Africa sculptures at Mall of Africa
Attacq Africa sculptures

Stable growth forecast for 2019 wine grape crops

By: Marleny Arnoldi     Updated 4 hours ago Wine industry representative body Vinpro expects 2019 wine grape crops will return to normal levels in most regions, owing to good rainfall after a three-year-long drought. However, the Klein Karoo region is still experiencing serious water shortages, it warned on Thursday.  

Stable growth forecast for 2019 wine grape crops

‘Massive’ fuel price drop on the cards for December – AA

By: News24Wire      Updated 5 hours ago The Automobile Association (AA) announced on Thursday that, based on current data, motorists could expect ‘massive drops’ in the prices of petrol and diesel for December.  The association is predicting a drop of R1.54 per litre for petrol, with diesel dropping by 92 cents and illuminating... 

 ‘Massive’ fuel price drop on the cards for December – AA

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

By: African News Agency      15th November 2018 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... 

Ghana to raise $750m through London IPO of minerals fund

By: Bloomberg     Updated 1 hour 24 minutes ago Ghana will seek to raise as much as $750-million through a sale of shares in a fund that will hold the West African nation’s stakes in mining companies and receive mineral royalties, said Finance Minister Ken Ofori-Atta. In September, lawmakers passed legislation for the creation of the fund that... 

Allied Steelrode launches second stretcher leveller amid lacklustre environment 

Updated 3 hours ago Allied Steelrode earlier this month launched its second stretcher leveller, a machine which helps to eliminate the stresses in steel, amid a somewhat lacklustre local business environment. Simone Liedtke, who attended the launch, tells us a bit more. 

Allied Steelrode launches second stretcher leveller amid lacklustre environment

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

By: News24Wire      15th November 2018 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

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

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... 

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... 

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... 

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... 

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... 

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

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... 

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

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

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... 

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. 

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

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.... 

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