http://www.engineeringnews.co.za
R/€ = 16.87 Change: 0.02
R/$ = 14.34 Change: 0.02
Au 1201.71 $/oz Change: 1.73
Pt 826.00 $/oz Change: -2.79
 
Close

Email me free daily news

Email address

Visa regulation amendments to ease entry for business travellers, tourists

By: Tasneem Bulbulia     25th September 2018 The Department of Home Affairs (DHA) is pursuing new regulations to make it easier for business travellers, tourists and academia to enter South Africa, but South African minors leaving the country will still need consent from both parents when leaving the country. The announcement of the new... 

Visa regulation amendments to ease entry for business travellers, tourists
Photo by Bloomberg
Home Affairs Minister Malusi Gigaba

New Eskom strategy to include pan-African expansion roadmap

By: Terence Creamer     25th September 2018 State-owned electricity utility Eskom has confirmed that its new strategy, which will involve far-reaching changes to its business model, will seek to position the company for opportunities arising in the rest of Africa. “Growth opportunities for Eskom are not restricted to South Africa. To grow... 

New Eskom strategy to include pan-African expansion roadmap

Wind body seeks right to contest Nersa report on delayed renewables projects

By: Creamer Media Reporter      25th September 2018 The National Energy Regulator of South Africa (Nersa) Tribunal has invited the South African Wind Energy Association (SAWEA) to present its case this week as to why the tribunal should hear the association’s arguments in opposition to a 2017 Nersa panel report. The document in question concluded... 

Wind body seeks right to contest Nersa report on delayed renewables projects

South African portfolio inflows plummet in second quarter

By: Reuters     25th September 2018 Portfolio investments into the South African economy fell sharply in the second quarter, as investor risk aversion towards emerging markets was rising, central bank data showed on Tuesday. Inward investment into South African bonds and equities shrank to R16.6-billion ($1.16-billion) from... 

Ascendis launches new strategic focus, announces positive FY18 results 

By: Nadine James     25th September 2018 JSE-listed pharmaceutical company Ascendis Health on Tuesday announced a new strategic focus prioritising pharmaceutical and consumer healthcare. The company, which also reported on its results for the financial year ended June 30, plans to divest its biosciences businesses. 

CEO Thomas Thomsen discussing the company's new strategy and the need for divestment. Video and editing: Nicholas Boyd

York Timbers lifts FY18 Ebitda by 12%

By: Simone Liedtke     25th September 2018 Despite challenging market conditions, integrated forestry company York Timbers increased its earnings before interest, taxes, depreciation and amortisation (Ebitda) and core earnings by 12% and 59%, respectively, for the full year ended June 30. The company on Tuesday pointed out that the Ebitda... 

Altron to post double-digit growth in H1 earnings

By: Natasha Odendaal     25th September 2018 JSE-listed Allied Electronics (Altron) on Tuesday said it expects a double-digit improvement in earnings for the six months ended August 31. Following the restructure of a number of core businesses, and the financial division of continuing and discontinued operations, the bulk of Altron’s... 

KSB Pumps and Valves obtains Level 1 BBBEE certification

By: Simone Liedtke     25th September 2018 Global pump manufacturer KSB Pumps and Valves has obtained Level 1 broad-based black economic empowerment (BBBEE) certification. This follows the acquisition of a 30% equity stake in the company by black women-owned firm Insikazi Synergies, which has joined the KSB board to play an active role in... 

KSB Pumps and Valves obtains Level 1 BBBEE certification

Tullow Oil abandons first Namibian well, keeps options open

By: Reuters     25th September 2018 Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday. "The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial hydrocarbons and the well... 

Global crude steel production rises 2.6% y/y in August

By: Simone Liedtke     25th September 2018 Global crude steel production increased by 2.6% year-on-year to 151.7-million tonnes in August, the World Steel Association (worldsteel) reports. According to the data, which was released on Tuesday, China’s crude steel production for August was 80.3-million tonnes, an increase of 2.7% compared... 

Rand steady ahead of Fed rates announcement on Wednesday

By: News24Wire      25th September 2018 The rand held steady over the long weekend, opening at R14.37 on Tuesday morning following the public holiday on Monday. The local currency was trading at R14.38 to the greenback by 11:23. 

 Rand steady ahead of Fed rates announcement on Wednesday

South Africa to relax visa rules to boost investment, tourism

By: Reuters     25th September 2018 South Africa will ease some immigration rules, including agreeing visa waiver agreements with more countries, in an effort to boost investment and tourism, Home Affairs Minister Malusi Gigaba said on Tuesday. The changes are part of a broader economic turnaround programme announced by President... 

South Africa to relax visa rules to boost investment, tourism
Home Affairs Minister Malusi Gigaba

South African phosphate miner plans London IPO by year-end – CEO

By: Reuters     25th September 2018 South African phosphate miner, Kropz, is on track to list on London's Aim Stock Exchange by the end of the year as it prepares for first production from its main asset in 2019, its chief executive said on Tuesday. Kropz wants to raise cash to pay down debt and further develop its Elandsfontein... 

PRASA 'indefinitely' suspends trains in KZN

By: News24Wire      25th September 2018 There will be no trains in the entire province of KwaZulu-Natal on Tuesday, the Passenger Rail Agency of South Africa (PRASA) confirmed to News24 on Monday evening. PRASA provincial spokesperson Zama Nomnganga said they have indefinitely suspended all their operations in KZN. "Yes, we have done... 

Government announces memorial and funeral service dates for late Edna Molewa

By: News24Wire      25th September 2018 Government has announced the dates for the official memorial and funeral services of late Environmental Affairs Minister Edna Molewa. Molewa passed away on Saturday, at the age of 61. Her official memorial service will take place in Pretoria on Wednesday, government announced on Monday night.... 

Government announces memorial and funeral service dates for late Edna Molewa
Photo by Creamer Media
The late Environmental Affairs Minister Edna Molewa

Gigaba expected to share details of amendments to visa regulations

By: News24Wire      25th September 2018 Home Affairs Minister Malusi Gigaba is expected to share more details of government's amendments to the visa regulations on Tuesday in Pretoria. This follows an announcement by President Cyril Ramaphosa on Friday on changes to the visa regime as part of the economic stimulus and recovery plan.... 

Gigaba expected to share details of amendments to visa regulations
Photo by Reuters
Home Affairs Minister Malusi Gigaba

Selling off assets won't save SAA, says DA

By: African News Agency      24th September 2018 Reported plans to sell off certain assets will not save the South African Airways (SAA) and the airline needs to be put into business rescue, the Democratic Alliance said on Sunday. The DA was not surprised by media reports on Sunday that SAA was contemplating selling off assets as a result of... 

Parliament's Environmental Affairs committee pays tribute to late Minister Edna Molewa

By: African News Agency      24th September 2018 Parliament's environmental affairs portfolio committee has joined others in paying tribute to environmental affairs minister Edna Molewa, who died at the age of 61 in a Pretoria hospital on Saturday after a short illness.  "The committee is saddened by the passing of the minister, as she has... 

South African investment mission to Japan 'successful', says acting Invest SA head

By: African News Agency      24th September 2018 Many Japanese companies are keen to invest in South Africa and others are interested in expanding their investments, Invest South Africa acting head Yunus Hoosen said on Sunday. . In a statement after returning from an investment mission by the trade and industry department (DTI), together with... 

Air traffic control undergoing a digital revolution

By: Rebecca Campbell     21st September 2018 The dramatic advances in information and communications technology, electro-optical technologies and digitalisation have enabled a revolution to take place in terms of airport air (and ground) traffic control. This was highlighted in a briefing at the Africa Aerospace and Defence 2018 exhibition... 

Air traffic control undergoing a digital revolution
Photo by Dylan Slater
Saab VP: Civil Security Middle East and North Africa region David Schomar

Recycled PET use held back by collection rates

By: Schalk Burger     21st September 2018 Beverage multinational subsidiary Coca-Cola Bottling South Africa (CCBSA) uses 10% recycled polyethylene terephthalate (rPET) and has completed technical and production validation of 25% rPET content, but are constrained by the availability of rPET, Coca-Cola Bottling Gauteng and Inland regional... 

Recycled PET use held back by collection rates

Initiative seeks to further local procurement in franchising

By: Tasneem Bulbulia     21st September 2018 The Franchise Association of South Africa (Fasa) has partnered with Proudly SA to increase the local procurement of goods and services within the franchising sector by facilitating collaboration between suppliers, franchisors and franchisees. This joint enterprise development initiative was... 

Franchising sector records positive growth

By: Tasneem Bulbulia     21st September 2018 Franchising continues to show growth and resilience despite challenging socioeconomic and political challenges in the country. The industry has an estimated turnover of R721-billion in the last financial year, the Franchise Association of South Africa (Fasa) reported on Friday. 

Saab suggests capability upgrade for SAAF Gripens

By: Rebecca Campbell     21st September 2018 Swedish aerospace and defence group Saab has proposed to the South African Air Force (SAAF) than it adopt the latest incremental update developed for the JAS39C and JAS39D Gripen fighter. The update is designated MS 20. "The Gripen was developed with the concept of continuous upgrades – small... 

Africa’s metals, engineering cluster needs to do more to attract investment 

By: Marleny Arnoldi     21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. 

Seifsa chief economist Dr Michael Ade talks about the need for South Africa's metals and engineering sector to increase its exports throughout Africa, while IFC senior investment officer Paul Mukasa discusses financing in Africa. Video and editing: Darlene Creamer.

Ramaphosa's new 10-person land reform advisory panel

By: News24Wire      21st September 2018 President Cyril Ramaphosa has announced the names of his 10-person advisory panel on land reform.  The president announced the establishment of the panel when he unveiled the state's stimulus package on Friday morning in Pretoria.  

Ramaphosa's new 10-person land reform advisory panel
Inter-Ministerial Committee on Land Reform chairperson Deputy President David Mabuza

Gordhan: Stimulus plan all about implementation

By: News24Wire      21st September 2018 President Cyril Ramaphosa's newly-announced economic stimulus package has a specific focus on implementation, say economic cluster ministers Pravin Gordhan and Ebrahim Patel. Ramaphosa on Friday morning announced a raft of measures in an effort to reignite growth, restore investor confidence,... 

 Gordhan: Stimulus plan all about implementation
Photo by Dylan Slater
Public Enterprises Minister Pravin Gordhan

Ramaphosa announces economic stimulus and recovery plan 

21st September 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the new economic, stimulus and recovery plan for South Africa and whether it will help South Africa in its economic recovery. 

Ramaphosa announces economic, stimulus and recovery plan

100 Resilient Cities 'game-changer' launched in Cape Town to tackle urban problems

By: News24Wire      21st September 2018 Cape Town has felt the shock of the taps nearly running dry and the shock of floods. It has felt the chronic stress of crime and being the murder capital of the country. The daily stress of hours in traffic congestion and being stranded on trains. The stress of poverty and 450 000 people who want... 

Angola, IFC court South African investors

By: Nadine James     21st September 2018 World Bank Group executive director for Angola, Nigeria and South Africa Bongiwe Kunene says a roundtable event taking place on September 24, will enable South African businesses and investors to explore the growth opportunities in Angola created as a result of the 2017 election of that country’s... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

Ramaphosa aims to crowd in private resources for infrastructure fund
Photo by GCIS
President Cyril Ramaphosa

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

By: Reuters     21st September 2018 International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons. In August the South African company said is was finalising an agreement to sell that business to an... 

Mining Charter to be gazetted next week

By: African News Agency      21st September 2018 The final Mining Charter would be gazetted next week by Mineral Resources Minister, Gwede Mantashe. The Charter was approved with minor amendments by the September 19 Cabinet meeting. 

 Mining Charter to be gazetted next week
Photo by Creamer Media
Mineral Resources Minister Gwede Mantashe

The UK reaffirms wish to strengthen partnerships with South African defence industry

By: Rebecca Campbell     21st September 2018 Britain was committed to further developing and strengthening partnerships with South Africa in the defence and security sectors, and not least with the South African defence industry. "The Prime Minister's [Theresa May's] recent visit here highlighted the importance the UK places on its defence... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

South Africa to reallocate R50bn of budget to revive economy – Ramaphosa

By: Reuters     21st September 2018 South African President Cyril Ramaphosa announced a raft of policy reform plans on Friday, including re-prioritising R50-billion ($3.5-billion) of public spending to boost economic growth and create jobs. Africa's most industrialised economy entered recession in the second quarter for the first... 

South Africa to reallocate R50bn of budget to revive economy – Ramaphosa
Photo by Reuters
President Cyril Ramaphosa

Ramaphosa's stimulus plan could push rand to R14/$

By: News24Wire      21st September 2018 The rand started Friday off on the front foot, adding to Thursday's 2% gain against the US dollar on good CPI data, healthy inflow in the bond market and as traders await President Cyril Ramaphosa's stimulus package. The local unit added 0.5% to R14.21 to the US dollar before retreating to the... 

Ramaphosa's stimulus plan could push rand to R14/$
President Cyril Ramaphosa

Ramaphosa to lead SA delegation to UN assembly

By: African News Agency      21st September 2018 President Cyril Ramaphosa will on Saturday travel to New York where he will lead a South African delegation at the 73rd session of the United Nations (UN) General Assembly, his office said on Friday. In his first participation at the assembly as head of state, Ramaphosa will take part in an... 

Ramaphosa to lead SA delegation to UN assembly
President Cyril Ramaphosa

Latest News  by  

more

Company Article

more

Latest Videos and Audio

Ascendis launches new strategic focus, announces positive FY18 results

Africa’s metals, engineering cluster needs to do more to attract investment

Ramaphosa announces economic stimulus and recovery plan

On-The-Air (21/09/2018)

Phosa says South Africa should be ‘plotting’ a credible economic strategy

Vodacom showcases 5G capabilities in official launch

Mandela Mining Precinct to bolster mining sector

DST prioritises innovation in new draft White Paper

more

Manufacturing News

Capital Equipment

Chemicals & Pharmaceuticals

Clothing & Textiles

Food & Beverage

Foundries, Forges & Die-Casting

Furniture & Wood products

Hydraulics

Industrial Filters & Filtration

Instrumentation & Control

Manufacturing

Metals & Engineering

Paper, Plastics, Packaging, Printing

Pipes & Tubes

Pumps

Rubber

Valves

Welding & Cutting

Services News

Architecture

Business Process Outsourcing

Consulting Engineers

Corrosion Control

Education & Skills Development

Financial

Legal

Maintenance

Material Handling

Quality Assurance & Standards

Quantity Surveyors

Company Announcements

more

Research Reports

Projects

more

Press Office

more

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close