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Gordhan’s IPP renegotiation proposal triggers ‘breach of contract’ warnings 

By: Terence Creamer     15th February 2019 A report indicating that the South African government may seek to renegotiate power purchase agreements (PPAs) concluded with independent power producers (IPPs) in 2011 and 2012 is raising alarm bells within the industry, which is still recovering from a protracted period of uncertainty created... 

Gordhan’s IPP renegotiation proposal triggers ‘breach of contract’ warnings

Banks urge Ramaphosa to put politics aside in fixing State firms  

By: Bloomberg     15th February 2019 A lobby group representing South African banks urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ruling African National Congress if he is to boost confidence in the economy before May elections. Ramaphosa’s plan to split its troubled... 

Hostile construction environment to persist until infrastructure spend recovers 

By: Nadine James     15th February 2019 Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, deriving from lacklustre economic growth and a backlog in tender adjudication, as some of the reasons why the sector is... 

Hostile construction environment to persist until infrastructure spend recovers

Barloworld shareholders approve BEE share scheme Khula Sizwe

By: African News Agency      15th February 2019 JSE-listed Barloworld Group shareholders have voted in favour of the company's broad-based black economic empowerment (BBBEE) share scheme, Khula Sizwe, following an extraordinary general meeting.  The industrial brand management group on Friday, said this transaction will pave the way for it to... 

African market is opening up to corporate PPAs – Baker McKenzie

By: Marleny Arnoldi     15th February 2019 At a time when electricity tariffs are increasing and the shift towards greener energy is gaining momentum, law firm Baker McKenzie says Africa is starting to see a surge in the signing of corporate power purchase agreements (PPAs).  

Icasa boss sentenced to 20 years in prison for fraud, money laundering 

By: News24Wire      15th February 2019 Independent Communications Authority of South Africa (Icasa) chairperson Rubben Mohlaloga has been sentenced to 20 years in prison for fraud and money laundering. Mohlalonga was sentenced - alongside former acting head of the Land Bank Philemon Mohlahlane and attorney Dinga Rammy Nkwashu - on... 

Icasa boss sentenced to 20 years in prison for fraud, money laundering
Icasa chairperson Rubben Mohlaloga

Daimler Trucks upbeat on 2019 prospects, new Arocs expands range

By: Irma Venter     15th February 2019 Daimler Trucks & Buses Southern Africa (DTBSA) CEO Jasper Hafkamp is confident that the momentum seen in the second half of the year in terms of new-truck sales in the local market will continue into 2019. The first half of 2018 was “very bad”, but the outlook improved significantly as the year... 

Daimler Trucks upbeat on 2019 prospects, new Arocs expands range
The Arocs distribution range

Mondi expects earnings for 2018 to rise 25% to 29%

By: African News Agency      15th February 2019 Paper and packaging company Mondi said on Friday it expected earnings before interest, taxes, depreciation, and amortization for the year ended December 31 to be above that of the comparable prior year period of €1.48-billion. Mondi, which will release its results on February 28, said special... 

Pioneer Foods four months revenue up 7.8%, buoyed by UK price inflation in UK

By: African News Agency      15th February 2019 Pioneer Foods said on Friday its turnover increased by 7.8% in the four months to 31 January, primarily driven by price inflation in bread, wheat flour, rice, export fruit and a sound volume growth in these products and breakfast cereals in the UK. The owner of brand names such as Weet-Bix,... 

Grand Parade to close Dunkin', Baskin Robbins in South Africa

By: Reuters     15th February 2019 Grand Parade Investments said on Friday it had filed to close its Dunkin' Donuts and Baskin Robbins franchises in the country due to poor performance and would instead channel capital into its chain of Burger King outlets. "The decision to exit Dunkin' Donuts and Baskin Robbins was made following... 

City wants your comment on new strategy to drought-proof Cape Town

By: News24Wire      15th February 2019 After a drought almost left Capetonians queuing for a mere few litres of water per person per day, the City of Cape Town wants your comment on a proposed R5.4bn strategy to avoid another possible "Day Zero". The proposed strategy, if accepted after public comment, presents ways of meeting growing... 

Gift of the Givers given green light to drill boreholes in water-scarce Makhanda

By: News24Wire      15th February 2019 The Makana municipality has given the green light to disaster relief organisation Gift of the Givers to start drilling boreholes as a medium-term solution to the Makhanda (formerly Grahamstown) water crisis. The town has been without water for the better part of February. On Thursday morning,... 

Tanzania hydropower dam to cost more than double government estimate – study

By: Reuters     15th February 2019 Tanzania's Stiegler's Gorge Dam, due to be built on a Unesco World Heritage site, will cost more than double the government's estimates, an independent study showed on Thursday. In December, Tanzania signed a deal with two Egyptian companies, El Sewedy Electric Co and Arab Contractors, to build... 

VW, Ford are said to discuss $4bn valuation for Argo AI

By: Bloomberg     15th February 2019 Ford Motor and Volkswagen are progressing toward a potential agreement to join forces on self-driving cars and have overcome earlier obstacles, according to people familiar with the talks. Breakthroughs in the deliberations Thursday include a possible framework for Volkswagen to work with and... 

The world still doesn’t have enough places to plug in cars

By: Bloomberg     15th February 2019 Even in the biggest electric vehicle markets, a driver venturing too far from home can have a hard time finding a place to recharge. Try your luck on California’s Pacific Coast Highway. The roughly 600-mile route between San Diego and San Francisco has dramatic sea cliffs, off-the-grid retreats,... 

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      15th February 2019 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Engineering News iPhone and Android Apps available for free download

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     15th February 2019 Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

Nevada like Witwatersrand of 1970s – Bristow
Barrick Gold CEO Dr Mark Bristow

Eskom’s operational and financial crisis 

15th February 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the operational and financial crisis facing Eskom, the immediate priorities for overcoming the crisis and what impact the proposed unbundling of Eskom is likely to have on the utility in the short term. 

Eskom’s operational and financial crisis. Camerawork and Editing: Creamer Media's Nicholas Boyd.

Load-shedding 'not likely' on Friday – Eskom

By: African News Agency      15th February 2019 Eskom was not likely to implement load shedding on Friday, the power utility said. "Due to further improvement in generation performance and the notable strides made in replenishing water and diesel reserves, Eskom is not likely to implement load shedding on Friday. We thank South Africans and... 

Load-shedding 'not likely' on Friday – Eskom

'South Africans must take climate change seriously' – Ramaphosa

By: News24Wire      15th February 2019 It is time for South Africans to take climate change seriously, said President Cyril Ramaphosa on Thursday in his response to the debate on his State of the Nation Address. He said if South Africa is a country that prioritises the interests of the poor and the vulnerable, then we need to act with... 

'South Africans must take climate change seriously' – Ramaphosa
President Cyril Ramaphosa

As renewables soar, BP sees China hitting brakes on energy growth

By: Reuters     14th February 2019 Global demand for renewable power will soar at an unprecedented pace over the coming decades, BP said in a benchmark report on Thursday, while China’s energy growth is seen sharply decelerating as its economic expansion slows. Still, China is set to remain the largest energy consumer by a long... 

Isuzu consolidates truck and bakkie manufacturing plants

By: Tasneem Bulbulia     14th February 2019 Isuzu Motors South Africa has consolidated its truck and bakkie manufacturing plant – relocating its truck production facilities from Kempston Road, in Port Elizabeth, to its new headquarters in Struandale, Port Elizabeth, where all truck and bakkie manufacturing will now take place. The... 

Kibo, Edenville’s shares knocked by Tanesco bid rejection

By: Marleny Arnoldi     14th February 2019 The share prices of Kibo Energy and Edenville Energy took a knock on Thursday after the companies announced that they had not qualified to participate in the next stage of a bidding process by the Tanzania Electricity Supply Company (Tanesco) to develop coal power projects with a total capacity... 

Kibo, Edenville’s shares knocked by Tanesco bid rejection
Kibo's drilling at the Mbeya coal-to-power project, in Tanzania

Sanral, Nafbi sign MoU to develop small contractors, accelerate BEE implementation

By: Simone Liedtke     14th February 2019 State-owned South African National Roads Agency Limited (Sanral) and nongovernmental organisation, the National African Federated Building Industry (Nafbi), on Thursday signed a memorandum of understanding (MoU) aimed at developing small contractors within the South African construction industry.... 

Sanral, Nafbi sign MoU to develop small contractors, accelerate BEE implementation
Photo by Simone Liedtke
Sanral CEO Skhumbuzo Macozoma (left) and Nafbi president Aubrey Tshalata (right) during the signing of the MoU agreement on Thursday

Actom sells Wilec division

By: Marleny Arnoldi     14th February 2019 Electromechanical equipment manufacturer Actom has sold its Wilec division to Makarenge Electrical Industries, effective February 1. The disposal forms part of Actom’s corporate strategy to focus on its core businesses within the electrical infrastructure industrial sector.  

Ramaphosa sets up cabinet committee to manage Eskom daily

By: African News Agency      14th February 2019 President Cyril Ramaphosa said a special cabinet task team has been established to deal with the Eskom crisis and provide him with reports daily on the State of the power grid and "what actions need to be taken to ensure energy supply". Responding to the debate on the State of the nation address,... 

Ramaphosa sets up cabinet committee to manage Eskom daily
President Cyril Ramaphosa

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling 

By: Terence Creamer     14th February 2019 President Cyril Ramaphosa acknowledged on Thursday that there had been insufficient consultation with labour on government’s plan to unbundle Eskom into three separate companies, but he also stressed that the proposed restructuring would not result in privatisation. In his response to the debate... 

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling
President Cyril Ramaphosa

Ramaphosa rules out any privatisation of Eskom

By: African News Agency      14th February 2019 President Cyril Ramaphosa on Thursday emphatically ruled out privatising any part of Eskom as government moves to split the struggling power utility into three separate entities. In reply to the parliamentary debate on his state of the nation address, Ramaphosa urged critics of the plan to... 

Ramaphosa rules out any privatisation of Eskom
President Cyril Ramaphosa

South32 finalising preferred list of coal mine bidders 

By: Martin Creamer     14th February 2019 The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African... 

South32 finalising preferred list of coal mine bidders
Photo by Creamer Media
South32 CEO Graham Kerr

Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

Train sets numbers improve in the Western Cape – Metrorail regional manager

By: African News Agency      14th February 2019 There has been a great improvement on the number of train sets which are currently in operation compared to last year, Metrorail Western Cape regional manager Richard Walker said on Thursday. “We are currently operating 48 train sets which is an improvement from where we came down last year being... 

Huawei to build data centres in South Africa

By: Reuters     14th February 2019 China's Huawei will build two data centres in South Africa from March, it said, as part of plans to expand cloud services across Africa. "The company is working with South African partners for the construction of the data centres in Johannesburg initially and later Cape Town," Huawei said in a... 

KenGen to raise funds from the market this year, eyes green bond

By: Reuters     14th February 2019 The Kenya Electricity Generating Company plans to raise funds from the market later this year and it may opt to issue the country's first green bond, its chief executive said. KenGen has a 1 631 MW annual capacity and it supplies 70% of the East African nation's electricity. Private investors... 

Aker Energy eyes IPO after submitting Ghana oilfield plan in March

By: Reuters     14th February 2019 Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means. The subsidiary, Aker Energy, plans to develop the... 

The future of e-tolls is a political decision, says Sanral’s Kannemeyer 

By: Irma Venter     14th February 2019 The decision on the future of electronic toll (e-toll) in Gauteng is a political one, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. Speaking at the Transport Forum, held in Johannesburg on Thursday, he told Engineering News Online that opposing... 

NUM seethes over lack of consultation on Eskom unbundling 

By: Terence Creamer     14th February 2019 The National Union of Mineworkers (NUM) has expressed deep unhappiness with the decision of President Cyril Ramaphosa to announce the unbundling of Eskom in the absence of any prior consultation with the union, which is a formal ally of the governing African National Congress (ANC). The union,... 

NUM seethes over lack of consultation on Eskom unbundling
NUM president Joseph Montisetse (left) listens while his general-secretary David Sipunzi speaks during a media conference

Sanbi provides R4m towards stopping illegal vegetation clearing in Cape Winelands

By: Marleny Arnoldi     14th February 2019 The South African National Biodiversity Institute (Sanbi) has provided the Western Cape Department of Environmental Affairs and Development Planning with R4.1-million in funding to help combat the illegal clearing of indigenous vegetation in the Cape Winelands district. The illegal clearing... 

Sanbi provides R4m towards stopping illegal vegetation clearing in Cape Winelands
Photo by Reuters
Karoo

Pan African’s Elikhulu project ups production 

14th February 2019 African-focused metals producer Pan African Resources’ Elikhulu operation, which is located in Evander, Mpumalanga is achieving a better-than-expected production performance, investors and media were told during a site visit last month. Nadine James tells us more. 

Pan African’s Elikhulu project ups production

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