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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

Outa launches another civil challenge against e-tolls, Sanral

11th May 2017 The Organisation Undoing Tax Abuse (Outa) on Wednesday served the South African National Roads Agency Limited (Sanral) with its responding pleas to the summonses issued for outstanding e-toll payments against Outa’s contributing supporters – in what is the next round of the civil challenge... 

Hesteel Group acquires Palabora Mining Company’s holding company

11th May 2017 The Competition Tribunal has approved a large merger between Hesteel International Holding Company, Hesteel Group, Xuanhua Construction Machinery and Smart Union Resources Hong Kong (SUHK), without conditions. The target firm, SUHK, is an investment holding company based in Hong Kong that... 

Omnia takes majority stake in Umongo for R780m

11th May 2017 Chemicals company Omnia Holdings is acquiring a 90% stake in Umongo Petroleum to strengthen its chemicals cluster. The R780-million transaction was a logical step in Omnia’s development, group FD Wayne Koonin pointed out on Thursday, adding that Umongo would complement the company’s existing... 

Junk status to increase nonpayment in construction industry

10th May 2017 The already high risk of nonpayment in the local construction industry is set to escalate further, owing to South Africa’s recent downgrades by international ratings agencies impacting on the industry’s credit costs, MDA Attorneys’ Chris Bennett has warned. He notes that the “first to feel the... 

NUM marks 22 years since Vaal Reefs disaster

10th May 2017 The National Union of Mineworkers (NUM) on Wednesday remembered the 104 mineworkers that were killed in an accident at AngloGold’s Vaal Reefs mine in 1995. On May 10 that year, a locomotive broke through safety barriers and fell into a lift shaft, landing on a cage transporting people to the... 

SAA makes CFO appointment permanent

10th May 2017 South African Airways (SAA) has appointed Phumeza Nhantsi as CFO, effective May 1. Nhantsi had acted in the position since November 2015, after it was left vacant with the departure of Wolf Meyer. 

Sacci brushes off resignations as 'no cause for alarm'

10th May 2017 The South African Chamber of Commerce and Industry (Sacci) on Wednesday refuted ongoing allegations regarding financial and governance irregularities, noting that it had taken legal action to retract the statements, “which have no basis in fact”. Last week, the Ekurhuleni Chamber of Commerce and... 

Anglo Pacific sees strong growth in year ahead

10th May 2017 Dual-listed Anglo Pacific Group on Wednesday reported a “very strong performance” for the first quarter ended March 31, highlighting that it received royalty income of £10-million during the period, up from £1.9-million in the same quarter last year. “Combining our royalty income of £7.5-million... 

Indluplace posts higher income, sees ample opportunity for growth

10th May 2017 JSE-listed residential real estate investment trust (Reit) Indluplace on Wednesday posted an increase in its distributable income for the half-year ended March 31, to R117-million, up from the prior year’s R110-million. The acquisition of Garden Views, a 64-unit complex in Randburg, in Gauteng,... 

Central Rand Gold workers on strike over wages

10th May 2017 Negotiations for yearly wage increases at Johannesburg-based miner Central Rand Gold (CRG) have ended in a dead lock, with the employees embarking on a strike. The company on Wednesday said it had lost five days of production owing to the strike and that it was in talks with union officials at... 

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