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Poor internal coordination in SA cities adding to cost of doing business

By: Terence Creamer     19th September 2018 A new World Bank report highlights how a lack of internal coordination between departments within several of South Africa’s largest cities is undermining the delivery of services to businesses operating within those locations and burdening entrepreneurs with timing consuming and costly red tape.... 

Poor internal coordination in SA cities adding to cost of doing business

Government looking at 'modernising' defence funding – Ramaphosa

By: Rebecca Campbell     19th September 2018 Government is looking at reducing the dependency of the South African National Defence Force (SANDF) on direct funding by the State, President Cyril Ramaphosa said on Wednesday. He was delivering the opening address for the Africa Aerospace and Defence 2018 exhibition at Air Force Base Waterkloof... 

Government looking at 'modernising' defence funding – Ramaphosa

Defence industry needs to adapt, optimise for Industry 4.0 – panel

By: Simone Liedtke     19th September 2018 The South African defence industry will need to pilot new projects and adapt to the Fourth Industrial Revolution in order to grow the defence sector and create jobs in the process. To do this, however, Engineers Without Borders founder and CEO Wiebke Toussaint suggested the industry adopt the... 

Defence industry needs to adapt, optimise for Industry 4.0 – panel
Photo by Dylan Slater
(Left to Right) Department of Science and Technology chief director Beeuwen Gerryts, Security and Defence Technology Consulting CEO Zane Cleophas and Engineers Without Borders founder and CEO Wiebke Toussaint

Collaboration, innovation needed to drive localisation

By: Tasneem Bulbulia     19th September 2018 There is much opportunity in South Africa to expand local manufacturing and innovation, and this should be pursued through greater collaboration within the business community, delegates attending an industry collaboration workshop, hosted by DuPont in collaboration with the Department of Trade... 

JSE looks to tighten listing rules

By: Reuters     19th September 2018 The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance. Africa's biggest securities exchange published its proposals in a public... 

August trade conditions remained negative – Sacci

By: Schalk Burger     19th September 2018 The South African Chamber of Commerce and Industry’s (Sacci’s) August Trade Conditions Survey shows that present trade conditions and prospects remain tight and in negative territory, the chamber said in a statement on Wednesday. Trade expectations for the next six months, as reflected by the... 

Sasol, Solidarity unable to reach agreement

By: Schalk Burger     19th September 2018 Trade union Solidarity and petrochemicals major Sasol were unable to reach an agreement during talks at the Commission for Conciliation, Mediation and Arbitration (CCMA) on Wednesday. Solidarity CE Dr Dirk Hermann said the mediation was deferred to get more clarity on the final Mining Charter’s... 

ELB to focus on IoT for service optimisation, profits up 35% for FY18

By: Marleny Arnoldi     19th September 2018 JSE-listed capital equipment supplier and services provider ELB Group reported a 35% increase in profits to R111-million for the financial year ended June 30, compared with R82-million in the prior year. This was on the back of higher sales across all group segments – sales increased by 50% to... 

PSV brings on board two key partnerships to drive strategy going forward

By: Marleny Arnoldi     19th September 2018 AltX-listed industrial holding company PSV Holdings has finalised an equity transaction with Regis Holdings and concluded a broad-based black economic empowerment (BBBEE) partnership with Beryl Holdings Partners. Regis is a Mauritanian-headquartered investment holding company, and Beryl... 

Sanral completes road improvements on R510

By: Marleny Arnoldi     19th September 2018 The South African National Road Agency Limited (Sanral) has completed repairs to and the resealing of the 61-km-long R510, which runs from Rustenburg, in the North West, to the Limpopo border. “The road is now much more comfortable for drivers and safer for pedestrians. It has brought some... 

Ngqura Port celebrates milestone

By: Simone Liedtke     19th September 2018 The developing Port of Ngqura, owned by Transnet National Ports Authority, celebrated a milestone this week, with the arrival of the first vessel discharging cargo for Osho Cement. Osho Cement is a new cement manufacturer currently under construction in the Coega Special Economic Zone (SEZ), in... 

Ngqura Port celebrates milestone

Abland to develop combined-use Menlyn Maine Towers

By: Schalk Burger     19th September 2018 Property developer Abland will develop a combined motor dealership and premium office space, called Menlyn Maine Towers, in Pretoria, and aims to achieve a 4-star green rating accreditation with the Green Building Council of South Africa. The development for the Barloworld Toyota Menlyn... 

Hogan Lovells SA announces new chairperson

By: Sashnee Moodley     19th September 2018 Law firm Hogan Lovells has appointed Nkonzo Hlatshwayo as chairperson of its South African practice as of October 1, as the term of current chairperson Lavery Modise ends. The firm praised Modise for being an inspirational and dedicated leader during his term at the South African practice, which... 

Interest rates likely to stay unchanged as economy struggles

By: African News Agency      Updated 49 minutes ago South Africa's central bank is likely to keep interest rates unchanged on Thursday despite inflationary pressures stemming largely from a weaker rand, hamstrung mostly by concerns over the ailing economy. The economy slipped into a recession after gross domestic product contracted by 0.7 percent... 

Interest rates likely to stay unchanged as economy struggles

Pan African’s rapid turnaround removes false notions on doing business in SA 

By: Martin Creamer     19th September 2018 South Africa was on Wednesday reaffirmed as a country where business is able to do what is required, when London- and Johannesburg-listed gold mining company Pan African Resources outlined the remarkably efficient manner in which this country’s regulatory environment facilitated the closure of a... 

Pan African Resources management outline the company’s low-cost repositioning to Mining Weekly Online’s Martin Creamer. Video and video editing: Darlene Creamer 19.09.2018

Ramaphosa salutes defence industry for economic input, jobs

By: African News Agency      19th September 2018 President Cyril Ramaphosa on Wednesday paid tribute to South Africa's massive defence industry for creating much needed jobs and bringing in foreign currency. "For both security and developmental reasons, South Africa is looking after its defence industry, which is not only viewed as a department... 

Ramaphosa salutes defence industry for economic input, jobs
President Cyril Ramaphosa

Pretoria high court dismisses Transnet director's challenge to dismissal

By: African News Agency      19th September 2018 The Pretoria High court on Tuesday dismissed former Transnet director Seth Radebe's challenge to have his removal by Public Enterprises Minister Pravin Gordhan set aside. Gordhan said in a statement he welcomed the ruling, adding that Rabebe's approach to the court had been "vexacious". 

Cable theft puts brakes on Pretoria-Joburg Metrorail trains

By: African News Agency      19th September 2018 Metrorail said on Wednesday that its train service running between Pretoria and Johannesburg was disrupted due to overhead catenary wires being cut and stolen at Irene from both the up and down lines.  Goodman Matampi, acting provincial manager of Gauteng Metrorail, said trains to and from... 

Upbeat Pan African repositioned as lower-cost gold producer

By: Martin Creamer     19th September 2018 Gold mining company Pan African Resources said on Wednesday that it had reconfigured its gold operations for sustainable profitability through the creation of a lower cost base and the imposition of efficiencies and stability through restructuring. The London- and Johannesburg-listed company,... 

Upbeat Pan African repositioned as lower-cost gold producer
Photo by Creamer Media
Pan African Resources CEO Cobus Loots (right) with Thabo Mokoena (left) and Eric Kholwane (centre) at the Elikhulu sod-turning ceremony

CNN-flighted advert projecting huge growth for platinum-using fuel cells

By: Martin Creamer     18th September 2018 French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the... 

CNN-flighted advert projecting huge growth for platinum-using fuel cells
CNN-flighted advertisement projecting fuel cell growth.

Global steel production, consumption growth to slow – Fitch

By: Tasneem Bulbulia     18th September 2018 Growth in global production and consumption of steel in expected to slow over 2018/19, following a significant rebound since early 2016, Fitch Solutions Macro Research’s recently published ‘Global Steel Outlook’ report states. The global market will post a narrowing deficit of 7.4-million tonnes... 

Eskom delays finalisation of new strategy to mid-November

By: Terence Creamer     18th September 2018 South Africa’s electricity utility Eskom has delayed the publication of a new strategy blueprint to mid-November from an initial deadline of the end September to allow for greater consultation with external stakeholders. Following the appointment of a new board in February, a strategy review was... 

Eskom delays finalisation of new strategy to mid-November

Africa needs strong defence force to set foundation for economic, social development – professor

By: Simone Liedtke     18th September 2018 A strong, well-led and legitimate defence force, which is underpinned by scientific defence industries, will be vital to ensuring peace on the continent that is the foundation of economic and social development, says Western Cape University research dean Professor Renfrew Christie. To provide the... 

Africa needs strong defence force to set foundation for economic, social development – professor
Photo by Dylan Slater
Professor Renfrew Christie

South African defence industry at a crossroads – Minister

By: Simone Liedtke     18th September 2018 The South African defence industry is “at a critical crossroads”, says Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula. Speaking at the fourth iteration of the Aerospace, Maritime and Defence (AMD) Conference, in Pretoria, on Tuesday, she said this was as a result of the many... 

South African defence industry at a crossroads – Minister
Photo by Dylan Slater
Defence Minister Nosiviwe Mapisa-Nqakula

Japan's Marubeni to halve coal-fired power capacity by 2030

By: Reuters     18th September 2018 Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 GW by 2030 to cut greenhouse-gas emissions and tackle global climate change. “As a general principle, Marubeni will no longer enter into any new... 

CEO Initiative to support government’s investor outreach at October summit

By: Terence Creamer     18th September 2018 The CEO Initiative is putting its weight behind President Cyril Ramaphosa’s plans for increasing levels of investment and stimulating growth in the recession-afflicted South African economy. The CEO Initiative draws in business leaders from various sectors and rose to prominence during Pravin... 

CEO Initiative to support government’s investor outreach at October summit
Photo by Creamer Media
Jabu Mabuza

Kibo Energy to review tender opportunity for Tanzania power utility

By: Marleny Arnoldi     18th September 2018 Africa-focused energy company Kibo Energy is assessing an opportunity to further participate in the development of Tanzania’s energy sector. This follows after Tanzania Electricity Supply Company (Tanesco) announced on Monday that a tender process has been initiated for superior coal technology... 

Rolfes to drive new products, regional footprint growth in FY19

By: Marleny Arnoldi     18th September 2018 JSE-listed chemical specialist Rolfes Holdings has reported steady progress on strategic and foundational issues during the financial year ended June 30. It declared a final dividend of 4c apiece, maintaining full-year dividend guidance of 8c apiece.  

Rolfes to drive new products, regional footprint growth in FY19
Rolfes CEO Richard Buttle

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

Comair hikes FY18 earnings despite soaring fuel costs

By: African News Agency      18th September 2018 South African aviation group Comair Limited on Tuesday announced record earnings with a R326 million profit after tax for the year ended 30 June 2018, which was up R29-million to the prior year, despite dismal trading conditions. Comair said that difficult trading conditions included poor GDP... 

TNPA appoints Seroka business development officer

By: Marleny Arnoldi     18th September 2018 Transnet National Ports Authority (TNPA) has appointed Linda Seroka business development officer, effective September 18. Seroka’s role will be to explore and unlock growth opportunities for TNPA and its clients in the fields of commercial and marketing, strategy, property and facilities... 

TNPA appoints Seroka business development officer
TNPA business development officer Linda Seroka

Botswana trims growth prospects, sees wider budget deficits

By: Reuters     18th September 2018 Botswana's economy is expected to expand by 4.5% this year, down from an estimate in February of 5.3%, the finance ministry said on Tuesday at a 2019 budget conference. A senior official in the diamond-producing southern African nation’s economy said the government expects an optimistic medium... 

Uganda to renew MTN Group's telecoms operating licence

By: Reuters     18th September 2018 Uganda will renew the operating licence of the local unit of South African telecom company MTN Group, the state-run Uganda Media Centre said on Tuesday. The renewal comes with "with new stringent terms," the agency tweeted, without providing details. 

Italy judge set to give first ruling in Nigeria oil graft case

By: Reuters     18th September 2018 Oil majors Shell and Eni will be carefully monitoring a first ruling this week by a Milan judge in one of the energy industry's biggest corruption scandals for clues to what might be round the corner for them. The two companies are embroiled in a long-running graft case revolving around the... 

Cosatu elects its first female president

By: News24Wire      18th September 2018 Zingiswa Losi has been elected president of trade union federation the Congress of South African Trade Unions (Cosatu) after being nominated unopposed. The nominations of South Africa’s largest labour federation took place on Tuesday morning where Losi and the rest of the top six were nominated... 

Cosatu elects its first female president

New Botswana coal mine development under way – Minergy

By: Martin Creamer     18th September 2018 Work is under way on the new Masama coal mine, which Botswana Stock Exchange-listed Minergy expects to commission in January, ahead of its primary listing on London’s Alternative Investment Market (Aim) in the first half of next year. The 390-million-tonne Masama, located in the Mmamabula... 

New Botswana coal mine development under way – Minergy
Minergy CEO Andre Bojé

South African A-Darter guided missile test programme successfully concluded

By: Rebecca Campbell     18th September 2018 South African State-owned defence industrial group Denel announced on Monday the successful completion of the guided missile qualification test series for the A-Darter infrared (IR) homing short range air-to-air missile system. The A-Darter is a fifth generation missile that uses an imaging IR... 

South African A-Darter guided missile test programme successfully concluded
Photo by Denel
An A-Darter missile on a wingtip launcher of a Gripen fighter

ELB, Elwatini partner to provide rail solutions

By: Tasneem Bulbulia     18th September 2018 ELB Engineering Services and Elwatini Rail Consultants have formed a special purpose vehicle (SPV), ELB-Elwatini Rail Solutions, to provide services in rail feasibility studies, railway planning, railway engineering design, construction supervision and management, civil design, traction power and... 

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