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Buying only SA-made vehicles could boost GDP by R37bn, says Wits study

By: Irma Venter     Updated 51 minutes ago New research by the University of the Witwatersrand (Wits) shows that a government policy of buying only locally produced cars, bakkies, buses and trucks at national and provincial government level could, through various multiplier effects, increase South Africa’s gross domestic product (GDP) by... 

Buying only SA-made vehicles could boost GDP by R37bn, says Wits study

Johannesburg mayor Mashaba denounces Gordhan explanation on Denel loan

By: African News Agency      Updated 1 hour 10 minutes ago Johannesburg mayor Herman Mashaba has accused Public Enterprises Minister Pravin Gordhan of being "economical with the truth" in explaining how state owned arms firm Denel received a R290-million unsecured loan from the city's sinking fund management company. In a written response to questions in... 

Eskom gearing up for big grid-scale battery storage roll-out 

By: Terence Creamer     22nd October 2018 State-owned electricity utility Eskom is preparing to roll-out battery energy storage systems (BESS) across multiple sites as part of a replacement plan for the 100 MW Kiwano concentrated solar power (CSP) project initially approved as part of the $3.75-billion World Bank loan extended to the... 

Eskom gearing up for big grid-scale battery storage roll-out
Photo by Creamer Media
Eskom has been testing battery storage solutions at its research facility in Rosherville for the past few years

Sanral’s strategy, transformation policy ready for Cabinet approval 

By: Irma Venter     22nd October 2018 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 managed by 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

Reduce and reuse raw materials to slash waste and emissions, UN and think-tanks urge

By: Reuters     Updated 1 hour 25 minutes ago The rapid consumption of raw materials must be curbed to cut waste and carbon emissions, the United Nations and global think-tanks have urged, with resource consumption set to almost double by 2060, especially in developing economies. In the twentieth century, the world mined 34 times more... 

How strong steel might kill off the next big battery metal story

By: Bloomberg     Updated 57 minutes ago Vanadium’s astonishing rally is threatening its chances of being the next big battery metal. Prices have surged more than 800% in about two years, driven by Chinese demand for stronger steel. There’s also been speculation that vanadium will become a key metal for the battery industry. But with... 

Pollutec 2018 shines the spotlight on Burkina Faso

By: Tasneem Bulbulia     Updated 1 hour 59 minutes ago Pollutec 2018, which will mark the fortieth anniversary of this international environmental trade show, is set to cover 14 key industry sectors, and focus keenly on Africa – notably Burkina Faso – as well as other key regions, such as South America and South-East Asia. Pollutec has featured an... 

DBSA awarded funding to create R2bn climate finance facility 

By: African News Agency      22nd October 2018 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

This year marks positive turning point for South African economy – economist 

By: Simone Liedtke     22nd October 2018 Despite South Africa having experienced subpar economic growth in the last decade, financial services firm Citibank economist Gina Schoeman believes this year has marked a positive turning point for the country. While the country's gross domestic product (GDP) growth is expected to be only 0.8%... 

Citibank economist Gina Schoeman discusses the current state South Africa's economy. Video and editing: Nicholas Boyd.

Mboweni walks budget tightrope to fix ailing economy

By: Reuters     22nd October 2018 South Africa's new finance minister will target spending on agriculture, infrastructure and job creation projects in his inaugural budget speech on Wednesday in a bid to haul the economy out of a recession. With the government facing a ballooning debt, stubbornly high unemployment, struggling... 

Congo sets deadline for plan on 11 000 MW hydropower plant

By: Bloomberg     22nd October 2018 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... 

Gautrain expansion decision ‘not imminent’, warns MEC Vadi

By: Irma Venter     22nd October 2018 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

Nersa initiates public consultation process on two Eskom applications

By: Marleny Arnoldi     22nd October 2018 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... 

Transnet removes Gama as CEO

By: Reuters     22nd October 2018 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

Global trade and development trends impact on South Africa, present opportunities

By: Tasneem Bulbulia     22nd October 2018 The recently released United Nations Conference on Trade and Development (Unctad) Trade and Development Report for 2018, entitled ‘Power, Platforms and the Free Trade Delusion’, outlines a number of lessons that South African can learn, and also presents opportunities for the country to... 

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

By: Marleny Arnoldi     22nd October 2018 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     22nd October 2018 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... 

enX considers possible sale of fleet management business

By: Tasneem Bulbulia     22nd October 2018 Industrial group enX’s board of directors has completed a strategic review of its ownership interest in its fleet management business, Eqstra Fleet Management and Logistics (EFML), and believes the business may be better suited under a different structure to optimise EFML’s value proposition.... 

Verimark says majority shareholder intends to delist firm

By: Reuters     22nd October 2018 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     22nd October 2018 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... 

FTC gives conditional approval to Praxair-Linde merger

By: Reuters     22nd October 2018 The US Federal Trade Commission said on Monday that it will require Praxair and Linde to divest assets in nine industrial gases product markets in United States, as part of a settlement that resolves charges that their proposed merger would likely be anticompetitive. The assets will be sold to... 

International space probe en route to Mercury

By: Rebecca Campbell     22nd October 2018 The joint European-Japanese twin-probe BepiColombo space mission, to the Solar System’s innermost planet, Mercury, was successfully launched from Kourou in French Guiana on Saturday. The spacecraft, built by Airbus and launched by an Ariane 5 rocket, has four main elements: the Mercury Planetary... 

International space probe en route to Mercury
Photo by Airbus
Artist’s impression of the complete BepiColombo spacecraft, before it separates into its component elements, approaching Mercury

Transnet confirms Gama fired with full pay for six months

By: African News Agency      22nd October 2018 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     22nd October 2018 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... 

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

By: Reuters     22nd October 2018 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... 

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... 

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... 

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