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Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Sibanye secures minimum 20% stake in Argentina copper/gold project

26th October 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater on Friday announced the conclusion of a transaction with Regulus Resources and the newly formed Argentinian subsidiary of Regulus, Aldebaran Resources, which was established to unlock value at its Altar copper/gold project, in San Juan... 

Wescoal seeks to join Ata Resources consortium for proposed Universal Coal buyout

26th October 2018 JSE-listed Wescoal on Friday reported that it was in advanced negotiations with Ata Resources to join the consortium of investors that has submitted an indicative offer to acquire the entire issued share capital of ASX-listed Universal Coal, for A$0.35 a share. Wescoal previously signed a... 

Sapoa to research root causes of municipal planning delays

26th October 2018 South African Property Owners Association (Sapoa) CEO Neil Gopal says property sector role-players are experiencing significant challenges in some municipalities with regard to building plan application processes and land use/zoning. These challenges lead to a number of issues impacting on the... 

Cost of SA economy’s ‘lost years’ detailed

26th October 2018 In marking the tenth anniversary of the largest financial crisis since the Great Depression, the Bureau for Economic Research (BER) has looked back at the performance of the South African economy between 2010 and 2017. Since the financial crisis, domestic real gross domestic product (GDP)... 

Consulting engineering sector’s confidence level falls to record low

26th October 2018 Consulting Engineers South Africa’s (Cesa’s) biannual economic and capacity survey has indicated positive news for the period January to June, noting that construction sector confidence had seen growth for the first time in six quarters. However, confidence levels in the consulting sector... 

Eskom to add 6 500 km of high-voltage transmission lines by 2028

25th October 2018 Power utility Eskom plans to add about 6 500 km of high-voltage transmission lines and 46 000 MVA of transformer capacity in the next ten years, its latest Transmission Development Plan (TDP), for the period from 2019 to 2028, shows. The TDP, which was released on Thursday, also demonstrates... 

Govt commits support for clothing, textiles sector and emerging farmers

24th October 2018 The National Treasury has, over the medium term, placed incentives for agriculture, land reform, manufacturing and research and development among its priorities for expenditure reprioritisation. The Clothing and Textile Competitiveness Programme has helped sector exports grow from R7.1-billion in... 

Employment Tax Initiative extended to February 2029

24th October 2018 The National Treasury has given the go-ahead for an extension of the Employment Tax Initiative (ETI) to February 2029. The sunset date would have been February 29, 2019. 

SAA allocated R5bn for debt relief

24th October 2018 State-owned South African Airways (SAA) will receive R5-billion through a special appropriation Bill to settle debt redeeming between now and March 2019. The Medium Term Budget Policy Statement (MTBPS), which was released by the National Treasury on Wednesday, stated that the funds would help to... 

Mboweni suggests need to downsize Cabinet, says public wage bill is 'unsustainable'

24th October 2018 Finance Minister Tito Mboweni on Wednesday said the public service wage bill, which accounts for 36% of government spending, is unsustainable. The public sector wage bill should be closer to 30% of government spending, he added during his maiden Medium Term Budget Policy Statement speech. 

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