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Megan van Wyngaardt

Megan van Wyngaardt

Megan van Wyngaardt is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Power costs, Chinese slowdown to weigh on manganese industry

7th September 2012 South Africa would remain the base load supplier of manganese ore for many years to come, although the next two to five years would be challenging for the local industry, United Kalahari Manganese CEO Johan Kriek said on Friday. Speaking at the Metals Bulletin Events’ fifth South African... 

Comment sought on streamlined empowerment codes

7th September 2012 The revised broad-based black economic-empowerment (BBBEE) codes, which Cabinet last week approved, would accelerate the implementation of BEE and broaden the effects of empowerment, Trade and Industry Minister Dr Rob Davies said on Monday as he outlined the key areas of refinement. The revised... 

BKS, Aecom join forces to tackle African prospects

7th September 2012 Multidisciplinary consulting engineering firm BKS said on Friday it had agreed to join with professional technical and management support services company Aecom Technology Corporation. This forms part of BKS’s strategy to become more globalised in its consulting engineering services in the areas... 

Basil Read warns of ‘significant’ contractual risks

7th September 2012 JSE-listed Basil Read on Thursday reported an 82% drop in net profit for the first six months of 2012, as market conditions in the local construction sector remained depressed and “extremely” competitive. Net profit fell to R16.45-million from R92.85-million in the first half of 2011. 

Building materials firm says restructuring is delivering benefits

7th September 2012 Building materials provider Iliad Africa is starting to see the benefits of its portfolio adjustments over the past 18 months, CEO Eugene Beneke said on Tuesday, as the JSE-listed firm reported improved half-year financial results. 

Prospective BEE bidders for SACMH stake shortlisted

6th September 2012 India’s JSW Energy has shortlisted a number of prospective black economic-empowerment (BEE) bidders interested in acquiring a strategic interest in South African Coal Mining Holdings (SACMH). Earlier this year, JSW Energy, which is the majority shareholder of SACMH, started a process to... 

Ceramic posts lower profit as housing investments remain stagnant

6th September 2012 JSE-listed tiles and sanitaryware manufacturer Ceramic Industries on Thursday reported a big decline in full-year profit as intense competition from cheap imports and limited investment in residential housing took their toll. Operating profit dropped by 33.1% to R1.2-billion for the year ended... 

August business confidence bounces back despite mine protests

6th September 2012 Business confidence bounced back in August, after it plunged to a 12-year low in July, supported by some short-term improvements, the South African Chamber of Commerce and Industry (Sacci) reported on Thursday. The Sacci Business Confidence Index (BCI) climbed by 4.1 points from 90.9 in July, to... 

Mpact reports solid performance in challenging six months

6th September 2012 Southern African paper and plastics packaging manufacturer Mpact on Thursday reported 11.7% increase in its half-year revenue to R3.2-billion, despite a “challenging” six-month period. The JSE-listed company boosted its underlying operating profit for the period ended June 8.4% to R222-million.... 

Wescoal inks R700m coal supply deal with Eskom

6th September 2012 JSE-listed Wescoal said on Thursday it had clinched a 3.2-million-ton coal supply agreement with power utility Eskom from its Khanyisa and Intabane mines in Mpumalanga. The three-year supply agreement to January 31, 2015, was a “step in the right direction” for the company, CEO André Bojé told... 

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