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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

Cable theft puts brakes on Pretoria-Joburg Metrorail trains

By: African News Agency      Updated 2 hours 42 minutes ago 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... 

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

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

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
Professor Renfrew Christie

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

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... 

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

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... 

Cronin lifts veil on new draft expropriation law

By: News24Wire      18th September 2018 A new expropriation bill, set to be tabled in Parliament in the next two months, will set out a clear procedure for land expropriation without compensation and ensure it is an “administratively just process”, according to Deputy Minister of Public Works Jeremy Cronin.  Earlier this month a draft... 

Cronin lifts veil on new draft expropriation law
Deputy Minister of Public Works Jeremy Cronin

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

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... 

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... 

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. 

Abland to develop combined-use Menlyn Maine Towers

By: Schalk Burger     Updated 56 minutes ago 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... 

Sasol, Solidarity to holds talks at CCMA

By: Schalk Burger     Updated 1 hour 22 minutes ago Trade union Solidarity and petrochemicals major Sasol will on Wednesday hold talks at the Commission for Conciliation, Mediation and Arbitration (CCMA) in a bid to end a protracted strike by Solidarity members employed at Sasol. The strike, in its third week, is in opposition to Solidarity... 

Pretoria high court dismisses Transnet director's challenge to dismissal

By: African News Agency      Updated 1 hour 52 minutes ago 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". 

Upbeat Pan African repositioned as lower-cost gold producer

By: Martin Creamer     Updated 2 hours 43 minutes ago 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.

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... 

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

Western Cape farmers call for easing of water restrictions to repair drought damage

By: News24Wire      18th September 2018 Western Cape farmers are calling on government to reveal how much water they are likely to be allocated this summer, so they can make plans to fix the damage caused by the 60% cut in their water supply. Some farmers say they have already experienced their Day Zero – now they want to know if they... 

Western Cape farmers call for easing of water restrictions to repair drought damage

Calls mount for Eskom board to take the fall for coal shortages

By: African News Agency      17th September 2018 The Energy Expert Coalition said on Monday that the Eskom board should take accountability after news surfaced that the power utility was facing yet another disastrous coal shortage. Eskom confirmed that there were currently eight power stations with less than 20 days of coal stockpiles, or nine... 

 Calls mount for Eskom board to take the fall for coal shortages

South Africa not planning mass layoffs in public sector to fight recession - Ramaphosa

By: Reuters     17th September 2018 President Cyril Ramaphosa said on Monday there would be no mass layoffs of public sector workers as his government considers various ways to pull the economy out of a recession that has rattled the rand and investor confidence. The economy slipped into recession in the second quarter for the... 

South Africa not planning mass layoffs in public sector to fight recession - Ramaphosa
President Cyril Ramaphosa

World’s first hydrogen fuel cell train enters commercial service

By: Simone Liedtke     17th September 2018 The world’s first hydrogen fuel cell train, the Coradia iLint, made its debut this past weekend. The train is equipped with fuel cells that convert hydrogen and oxygen into electricity, thereby eliminating pollutant emissions related to propulsion. 

World’s first hydrogen fuel cell train enters commercial service

Tower Property acquires prime industrial property in Croatia

By: Simone Liedtke     17th September 2018 Tower Property Fund’s Croatian subsidiary TPF International has acquired a prime industrial property in Zagreb, Croatia, for nearly €8.6-million. TPF will fund the purchase price, which is payable in cash on the transfer date, using 60% cash and 40% shares. 

Poultry industry takes on US chicken quota as court case brews

By: News24Wire      17th September 2018 The South African Poultry Association (SAPA) wants government to review the quota of US poultry imports, following the imposition of tariffs on local aluminium and steel products. In court papers filed in the North Gauteng Court, the organisation argues that US tariffs on SA steel and aluminium... 

 Poultry industry takes on US chicken quota as court case brews

Texton appoints interim CEO

By: Simone Liedtke     17th September 2018 Marius Muller has been appointed interim CEO at JSE-listed Texton Property Fund. He takes over from Nosiphiwo Balfour. 

Mapisa-Nqakula explores defence ties with Congo-Brazzaville minister

By: African News Agency      17th September 2018 Defence Minister Nosiviwe Mapisa-Nqakula on Monday had a meeting with her Congo-Brazzaville counterpart, Charles Richard Mondjo, who is in Pretoria ahead of the 2018 edition of the Africa Aerospace and Defence [AAD] exhibition which kicks off later this week. "This reciprocal visit, that was... 

Jaguar Land Rover to cut output at UK car plant after warnings on Brexit, diesel

By: Reuters     17th September 2018 Britain's biggest carmaker Jaguar Land Rover said it will go down to a three-day week at its Castle Bromwich plant in central England just days after its boss warned about the impact of Brexit and diesel policy. The Castle Bromwich facility will operate a three-day week from October until the... 

New road paves way into one of the biggest industrial estates in South Africa

By: Marleny Arnoldi     17th September 2018 JSE-listed real estate investment trust Redefine Properties, together with Abland Property Developers, on Monday unveiled the completed new public road that will improve accessibility to the S&J industrial estate, situated along the N3 highway, south of Germiston, in Gauteng. The construction of... 

New road paves way into one of the biggest industrial estates in South Africa
S&J industrial estate, in Germiston Gauteng

Zwane issued ultimatum to bank on closing Gupta accounts, inquiry hears

By: African News Agency      17th September 2018 In trying to force Standard Bank to reverse its decision to close Gupta-linked business accounts, former mineral resources minister Mosebenzi Zwane reminded the bank executives that the South African government was in charge of issuing banking licenses and could change banking laws anytime.... 

Zwane issued ultimatum to bank on closing Gupta accounts, inquiry hears
Photo by Creamer Media
Former Mineral Resources Minister Mosebenzi Zwane

ANC, ministers threatened Standard Bank to force it to keep Gupta accounts open, State capture commission hears

By: News24Wire      17th September 2018 Former mineral resources minister Mosebenzi Zwane threatened Standard Bank's operating licence and threatened to change the banking laws, all in an effort to allow the politically connected Gupta family to keep their bank accounts open. This is according to Standard Bank's former head of... 

ANC, ministers threatened Standard Bank to force it to keep Gupta accounts open, State capture commission hears

SA delegation arrives in Japan for investment mission

By: African News Agency      17th September 2018 A South African delegation arrived in Tokyo, Japan on Monday for an investment mission which is set to take place until Saturday. The delegation, led by the acting head of Invest South Africa, Yunus Hoosen will be meeting with leading companies in an effort to attract them to invest and expand... 

SA delegation arrives in Japan for investment mission
Acting Head of Invest South Africa Yunus Hoosen

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