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Sanral’s strategy, transformation policy ready for Cabinet approval

By: Irma Venter     Updated 3 hours ago The South African National Roads Agency Limited’s (Sanral’s) Horizon 2030 strategy is “ready to go to Cabinet”, in a process that will be run through the Department of Transport (DoT), says Sanral transformation manager Ismail Essa. He says the Minister of Transport, Dr Blade Nzimande, as well as... 

Sanral’s strategy, transformation policy ready for Cabinet approval
RULES OF THE RING Heavyweight contractors are not to box in the lightweight category, warns Sanral

Gautrain expansion decision ‘not imminent’, warns MEC Vadi

By: Irma Venter     Updated 2 hours 40 minutes ago Government’s sign-off on the expansion of the Gautrain rail network “is not imminent”, warns Gauteng Roads and Transport MEC Dr Ismail Vadi. He noted on Monday that the feasibility study for the proposed Gauteng Rapid Rail Integrated Network Extension Plan had been completed. This study concluded... 

Gautrain expansion decision ‘not imminent’, warns MEC Vadi

Transnet removes Gama as CEO

By: Reuters     Updated 6 hours ago The board of directors of South African state-owned logistics firm Transnet said it had removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multimillion-dollar deal. Transnet, which operates nearly three-quarters of the African rail network, the bulk of which is in... 

Transnet removes Gama as CEO
Photo by Creamer Media
Siyabonga Gama

Congo sets deadline for plan on 11 000 MW hydropower plant

By: Bloomberg     Updated 2 hours 27 minutes ago The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multibillion-dollar Inga 3 hydropower plant. The government signed an accord with Chinese and Spanish consortia this week to advance the 11 000 MW facility, the... 

Verimark says majority shareholder intends to delist firm

By: Reuters     Updated 5 hours ago Verimark Holdings said on Monday its majority shareholder intended to acquire the remaining shares and delist the firm which sells direct response television products. The company said it had received notice from the Van Straaten Family Trust, which holds around 64% stake in Verimark, that it... 

Kenya's ARM Cement's administrator proposes to keep company running

By: Reuters     Updated 2 hours ago The administrator of Kenya's debt-laden ARM Cement will ask its creditors for support keeping the company afloat by selling some of its assets to cut debt, as well as a plan to engage with financiers for working capital. George Weru, a co-administrator for the cement firm, told Reuters the... 

Court to hear MTN's case against Nigeria's central bank in $8.1bn transfer row

By: Reuters     Updated 6 hours ago A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1-billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted Nigeria's forex reserves, the South African... 

Octodec focuses on tenant retention, property value-add in challenging market

By: Marleny Arnoldi     Updated 6 minutes ago JSE-listed real estate investment trust Octodec has declared a 203.4c distribution a share for the financial year ended August 31, which is nearly unchanged from the 203.1c a share distribution reported for 2017. Net asset value per share also remained virtually unchanged at R29.39, compared... 

Octodec focuses on tenant retention, property value-add in challenging market
Octodec MD Jeffrey Wapnick

Calgro M3 remains committed to delivering shareholder value despite current challenges

By: Simone Liedtke     Updated 7 minutes ago In a period described by CEO Wikus Lategan as one of the most difficult ever experienced by the company, JSE-listed Calgro M3 posted revenue of R628.6-million for the six months ended August 31. Calgro M3 faced several major challenges, including uncertainty over the economy, coupled with... 

Nersa initiates public consultation process on two Eskom applications

By: Marleny Arnoldi     Updated 41 minutes ago The National Energy Regulator of South Africa (Nersa) has initiated a public consultation process on two Eskom applications. The first application is the regulatory clearing account (RCA) application of R21.6-billion for the fifth year (2017/18) of the multiyear price determination (MYPD) 3... 

DBSA awarded funding to create R2bn climate finance facility

By: African News Agency      Updated 45 minutes ago The Development Bank of Southern Africa (DBSA) announced on Monday that it has been awarded funding of R795-million to establish a R2-billion Climate Finance Facility (CFF) focusing on infrastructure projects and businesses that mitigate or adapt to climate change.  The DBSA received funding from... 

DBSA awarded funding to create R2bn climate finance facility
Photo by Creamer Media
DBSA CEO Patrick Dlamini

Transnet confirms Gama fired with full pay for six months

By: African News Agency      Updated 3 hours ago Transnet on Monday confirmed that Siyabonga Gama has been fired as the freight rail operator's chief executive officer and said it was in line with a government drive to turn around State-owned entities.  Transnet said it informed Gama of its decision on Sunday and Monday would be his last... 

 Transnet confirms Gama fired with full pay for six months
Photo by Creamer Media
Former Transnet CEO Siyabonga Gama

Russia to send more military trainers, equipment to Central African Republic

By: Reuters     Updated 6 hours ago Russia said on Friday it planned to send additional military equipment to Central African Republic (CAR) and deploy 60 more instructors to train the country's armed forces, escalating its most significant military foray in Africa in decades. Russia donated hundreds of weapons and sent 175... 

Data underpins urban growth in South Africa

By: Simone Liedtke     19th October 2018 The use of census data, and modern cloud-based software, as a tool in urban growth modelling is a sustainable route for long-term urban planning, Council for Scientific and Industrial Research (CSIR) senior researcher Quintin van Heerden said on Friday. In this regard, he told delegates at a CSIR... 

Sanral, Wirtgen SA sign MoU to collaborate on construction development goals

By: Marleny Arnoldi     19th October 2018 Road construction equipment supplier Wirtgen Group South Africa (Wirtgen SA) and the South African National Roads Agency Limited (Sanral) on Friday signed a memorandum of understanding (MoU), which Wirtgen SA MD Heinrich Schulenburg said would cement the relationship between the entities and give... 

Sanral, Wirtgen SA sign MoU to collaborate on construction development goals

Eskom director resigns

By: Marleny Arnoldi     19th October 2018 Eskom nonexecutive director George Sebulela has resigned, effective immediately, chairperson Jabu Mabuza confirmed on Friday. Sebulela resigned after considering legal advice on his continued role as an Eskom director after the board was made aware of certain conflicts of interest.  

Eskom director resigns

ExecuJet to offer customers new experience with super versatile jet

By: Simone Liedtke     19th October 2018 Luxury aviation company ExecuJet will, on October 25, officially launch and welcome the Pilatus PC-24 to its fleet at the company’s private terminal at Cape Town International Airport. The aircraft, which was developed by Swiss original-equipment manufacturer Pilatus, is the first of its type... 

ExecuJet to offer customers new experience with super versatile jet

Simple farm implement can increase crop yield, reduce soil erosion

By: Creamer Media Reporter      19th October 2018 Ethiopia-based farm implement manufacturer Aybar Engineering exhibited its Broad Bed Maker (BBM) farm implement at this year’s Maker Faire Rome exhibition, which took place from October 12 to 14 in Rome, Italy. The company was established in 2014 to develop improved agricultural implements for... 

Simple farm implement can increase crop yield, reduce soil erosion
Photo by Aybar Engineering
The Aybar BBM is a land management system that assists farmers to construct broad bed furrows to drain excess water in vertisols

Carrots could be key to making greener buildings, say researchers

By: Reuters     19th October 2018 Crunchy and tasty, yes, but could carrots also strengthen cement and cut carbon dioxide emissions for the building industry? A group of researchers at Britain's Lancaster University has been using a household food blender to mix particles from the root vegetable with concrete to see if they can... 

Growing risk of ‘reform by default’ as South Africa battles to adapt to electricity transition 

By: Terence Creamer     19th October 2018 There is a growing risk of “reform by default” in South Africa’s electricity industry, which is already showing symptoms of the “proverbial utility death spiral”, whereby sales volumes fall as tariffs rise, with consumers opting for alternatives. This argument is outlined in a paper titled ‘The... 

Growing risk of ‘reform by default’ as South Africa battles to adapt to electricity transition

Revived SARS illicit economy unit already eyeing 58 cases, says Kingon

By: News24Wire      19th October 2018 The soon-to-be reopened South African Revenue Service (SARS) unit probing the illicit economy has already identified 58 cases for investigation, the tax agency's Acting Commissioner Mark Kingon told the Nugent Commission of Inquiry on Friday.  The unit was one of several shut down under the... 

 Revived SARS illicit economy unit already eyeing 58 cases, says Kingon

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

Flirting with populism? Ask Venezuela how that went – SARB head Kganyago

By: News24Wire      19th October 2018 South African Reserve Bank (SARB) Governor Lesetja Kganyago has warned leaders that a wave of populism sweeping a number of global economies was a sign that leaders should be more responsible and accountable.  Speaking at the Association of Black Securities and Investment Professionals conference... 

 Flirting with populism? Ask Venezuela how that went – SARB head Kganyago
Photo by Reuters
SARB Governor Lesetja Kganyago

Nhlanhla Nene resigns as MP 

By: News24Wire      19th October 2018 After falling on his sword as minister of finance, Nhlanhla Nene has also resigned as an MP, the African National Congress (ANC) confirmed on Friday. ANC chief whip Jackson Mthembu's office received Nene's resignation letter on Friday. This follows Nene's testimony before the commission of... 

Nhlanhla Nene resigns as MP
Former Finance Minister Nhlanhla Nene

Embattled Rand Water appoints Sipho Mosai as acting CEO

By: African News Agency      19th October 2018 Rand Water on Friday announced that COO Sipho Mosai will assume a new position as acting chief executive of one of the country’s biggest water boards with effect from Monday next week. Mosai, a scientist by training turned strategist in the water sector, boasts over 20 years executive management... 

New Mpumalanga mall set to spur growth in the area

By: Tasneem Bulbulia     19th October 2018 The R240-million Thulamahashe Mall, in Mpumalanga, a new development between partners Nthwese Developments and Twin City, is set to open on October 25, and is expected to create an economic upswing in the rural area, says Nthwese Developments MD Seabelo Theledi. The development has a gross... 

Saoga upbeat about prospects for the gas industry in South Africa

By: Kim Cloete     19th October 2018 The South African Oil & Gas Alliance (Saoga) believes there are catalytic opportunities for developing the gas industry in South Africa, which have been buoyed by a renewed focus on attracting investment to the country. The two major opportunities will be the massive gas finds in neighbouring... 

South Africa renews bid to accelerate digital migration process 

By: African News Agency      19th October 2018 The South African government on Friday announced steps to join fellow African nations which have migrated to broadcast digital terrestrial television, despite missing the June 2015 target. "The mere fact that 11 years since Cabinet has approved this project, and we are still this far behind... 

South Africa renews bid to accelerate digital migration process
Communications Minister Nomvula Mokonyane

Breytenbach welcomes greater certainty for renewable energy projects 

By: Kim Cloete     19th October 2018 Participants in the renewable energy sector say they are encouraged by the dedicated infrastructure team that will be set up in the Presidency, as it will give investors more certainty and confidence to back projects. “We’ve seen what the last two years of delays in the signing of renewable... 

Breytenbach welcomes greater certainty for renewable energy projects
Photo by Dylan Slater
IPP Office CEO Karen Breytenbach

Dairy firm Clover says in takeover talks, shares jump

By: Reuters     19th October 2018 Clover Industries said on Friday it has entered into talks with an unnamed party that intends to acquire the entire issued share capital of the dairy company, sending its shares up nearly 12%. Clover, which processes products including yoghurt, beverages, cheese and olive oil, did not provide... 

Sub-Saharan Africa's big economies yet to recover

By: Reuters     19th October 2018 Sub-Saharan Africa's economic recovery will progress slowly into next year, as the continent's biggest drivers struggle to move into higher gear despite a healthier global economy, a Reuters poll found on Friday. Commodity prices have improved and the global economy is in good shape, but Nigeria... 

Dutch solar road proves successful, moves on to heavy traffic road trial

By: Irma Venter     19th October 2018 A solar bike path trial in the Netherlands has exceeded all expectations, and will now be rolled out to a road with heavier traffic. The SolaRoad pilot cycle path alongside the N203 near Krommenie, in the Netherlands, was opened in October 2014. It is 90 m long and 3.5 m wide. 

 Dutch solar road proves successful, moves on to heavy traffic road trial

Economic growth the missing key to South Africa's investment drive – Jacko Maree

By: African News Agency      19th October 2018 Special envoy on investment Jacko Maree on Thursday said that the missing key to South Africa's investment drive was economic growth and confidence in the socio-political and socioeconomic environment of the country.  In April, President Cyril Ramaphosa appointed Maree and four other special... 

Companies face prosecution for fixing gas cylinder prices

By: African News Agency      19th October 2018 The Competition Commission on Thursday referred to the Competition Tribunal for prosecution five Liquefied Petroleum Gas (LPG) companies for cartel conduct.  The Commission said that Totalgaz Southern Africa, Oryx Oil South Africa, KayaGas, Easigas and African Oxygen (Afrox), have been charged... 

Kibo Energy says submits documents in bid for Tanzania coal to power project

By: African News Agency      19th October 2018 Africa-focused energy company Kibo said on Friday it had submitted its formal tender qualification document to the Tanzania Electricity Supply Company (Tanesco) for the Mbeya coal to power project, in line with the government’s new initiative to develop independent power projects. "Our visionary... 

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

By: Reuters     19th October 2018 Norway, the European Union and several other countries asked the World Trade Organization (WTO) on Thursday to set up a dispute resolution panel to address US tariffs on steel and aluminium, Oslo's foreign minister said. "We believe that US additional duty on steel and aluminium is contrary to... 

Rwandan President appoints new foreign, defence ministers in reshuffle

By: Reuters     19th October 2018 Rwanda's President Paul Kagame appointed new ministers of defence and foreign affairs in a cabinet reshuffle announced late on Thursday. Albert Murasira, an army general, replaced long-serving James Kabarebe as defence minister, the president’s office said, without giving a reason for the decision. 

Mokonyane to give update on progress of digital migration

By: News24Wire      19th October 2018 Communications Minister Nomvula Mokonyane will brief the media on the progress made by the Broadcasting Digital Migration Advisory Council on the country's digital terrestrial television (DTT) plan on Friday. The council and the project director for the DTT programme management office headed by... 

Mokonyane to give update on progress of digital migration
Communications Minister Nomvula Mokonyane

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