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Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian

By: News24Wire      Updated 2 hours 7 minutes ago The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe... 

 Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Tax increases likely to shrink market, says auto industry bodies

By: Irma Venter     Updated 3 hours ago The substantial increase in ad valorem vehicle excise duty rates announced in the National Budget this week – with the maximum duty for motor vehicles rising from 25% to 30% – together with the increases in value added tax (VAT), emissions taxes and the fuel levy, “will compromise vehicle... 

Tax increases likely to shrink market, says auto industry bodies
Andrew Kirby

Eskom confirms Gupta's Optimum coal mine under business rescue

By: Anine Kilian     Updated 3 hours ago Gupta-owned Optimum coal mine, which supplies Eskom’s Hendrina power station, has started business rescue proceedings. Eskom on Thursday said it had not received coal from the mine since about 2 000 employees at the mine downed tools on February 22. 

Eskom confirms Gupta's Optimum coal mine under business rescue

NUM says members not paid at Gupta-owned Optimum mine

By: Reuters     Updated 1 hour 32 minutes ago The National Union of Mineworkers (NUM) said on Friday that its members had not been paid on time at the Optimum coal mine, which is owned by the Gupta family, and would not return to work at the operation which has started business rescue proceedings. "The guys were not paid and they want a... 

South Africa to pilot first utility-scale vanadium redox flow battery

By: Nadine James     Updated 4 hours ago Aim-listed miner Bushveld Minerals’ 84%-owned energy subsidiary, Bushveld Energy, will be commissioning its first utility-scale vanadium redox flow battery (VRFB) for testing by State-owned power utility Eskom in May, says Bushveld Energy CEO Mikhail Nikomarov. Nikomarov notes that the... 

South Africa to pilot first utility-scale vanadium redox flow battery

Jasco acquires Ramm Technologies stake to bolster technology offering

By: Natasha Odendaal     Updated 2 hours 2 minutes ago JSE-listed Jasco Electronics has acquired a 51% stake in Ramm Technologies for R30.6-million in a deal that will allow it entry into asset-tracking markets through Internet of Things (IoT) platforms, as well as provide further growth in new sectors and several cross-selling opportunities. Ramm,... 

Richards Bay Coal Terminal, port win top global excellence awards

By: Martin Creamer     Updated 2 hours 48 minutes ago South Africa's Richards Bay Coal Terminal (RBCT) and Richards Bay Port won global recognition at the Global Ports Forum awards ceremony in Dubai on Thursday. The winners of these prestigious international awards by the ten-year-old Singapore-launched Global Ports Forum are finalised by a judging... 

Richards Bay Coal Terminal, port win top global excellence awards
RBCT GM Operations Jabu Mdaki, extreme left, and RBCT CEO Alan Waller, extreme right, in Dubai award ceremony.

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      23rd February 2018 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

Ramaphosa must fire Brown 'immediately' – DA

By: News24Wire      Updated 4 hours ago The Democratic Alliance (DA) on Thursday said it was vindicated by the Public Protector's finding that Public Enterprises Minister Lynne Brown was guilty of misleading Parliament after she failed to disclose business dealings between Gupta-linked Trillian and Eskom. Natasha Mazzone, DA public... 

Ramaphosa must fire Brown 'immediately' – DA
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Tribunal confirms Plasser’s R8.43m settlement with Competition Commission

By: Anine Kilian     22nd February 2018 The Competition Tribunal has confirmed an R8.43-million settlement agreement between railway construction and maintenance company Plasser South Africa and the Competition Commission.    On February 2014, the commission initiated a complaint against Lennings DEC Rail, a subsidiary of Aveng Africa,... 

Jabu Moleketi nominated as PPC chairperson

By: Reuters     22nd February 2018 South African cement producer PPC said Jabu Moleketi has been nominated for the position of chairman of the board to succeed its current chairman Peter Nelson, as it aims to align the board with its strategic priorities. Moleketi is currently chairman of mobile phone network operator Vodacom... 

Tribunal approves sale of Genrec to Southern Palace

By: Anine Kilian     22nd February 2018 The Competition Tribunal has unconditionally approved Southern Palace Group’s (SPG’s) acquisition of Genrec from Murray & Roberts (M&R). M&R in October last year agreed to sell Genrec to SPG for R185-million. 

Afrox rises above weak environment, achieves strong FY17 results

By: Megan van Wyngaardt     22nd February 2018 JSE-listed African Oxygen (Afrox) on Thursday reported yet another year of strong results, with revenue for the 12 months to December 31 up 6% to R5.69-billion. Headline earnings a share rose by 32.3% year-on-year to 201c and basic earnings a share by 30.7% to 203.6c. 

Afrox rises above weak environment, achieves strong FY17 results
Photo by Duane Daws
Afrox CEO Schalk Venter

Koko says he is 'moving on', despite Eskom court victory

By: News24Wire      22nd February 2018 The Labour Court on Wednesday ruled in favour of controversial former Eskom executive Matshela Koko, but he said it was too little too late and that he has already moved on. Judge Graham Moshoana ruled that Eskom’s attempt to fire Koko, based on a directive from then Deputy President Cyril... 

Koko says he is 'moving on', despite Eskom court victory
Photo by Duane Daws
Former Eskom executive Matshela Koko

AfriForum, WSSA implement emergency water plan in Cape Town

By: Natasha Odendaal     22nd February 2018 Civil rights organisation AfriForum and Water Shortage South Africa (WSSA) have teamed up to implement an emergency water plan – the establishment of emergency water points in Cape Town to ensure the vulnerable have access to water should Day Zero occur. Three water points are planned across the... 

Sars vows to collect on R2.6-billion additional revenue target

By: African News Agency      22nd February 2018 Tom Moyane, the Commissioner for the South African Revenue Service (Sars), on Thursday committed the revenue authority to achieving an increased revenue target for the 2017/18 financial year. This comes after finance minister Malusi Gigaba on Wednesday increased the anticipated revenue that has... 

Sars vows to collect on R2.6-billion additional revenue target
Photo by Duane Daws
Sars commissioner Tom Moyane

Froneman calls for collective action towards zero harm in fatality-plagued mining business 

By: Martin Creamer     22nd February 2018 A strong call to action was made by Sibanye-Stillwater CEO Neal Froneman on Thursday for a common purpose towards zero harm in South Africa's mining industry, where rising fatality numbers are causing great concern. Froneman said a point had been reached where management on its own could not make... 

Sibanye-Stillwater CEO Neal Froneman presenting half-year results covered by Mining Weekly Online’s Mining Weekly Online. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. Recorded 22.2.2018

Altron says independent investigation finds no DTT collusion

By: Natasha Odendaal     22nd February 2018 An Allied Electronics- (Altron-) commissioned independent investigation has cleared the group’s subsidiaries of alleged collusion in the 2015 set-top box (STB) tender for government’s digital terrestrial television (DTT) project. Altech UEC had failed in its bid for the DTT tender in 2014;... 

UCT civil engineering graduate wins national award for waterless urinal study

By: Schalk Burger     22nd February 2018 University of Cape Town (UCT) civil engineering graduate Tinashe Chipako won the 2018 South African Institution of Civil Engineering (SAICE) National Investigative Project Showdown for his research project on the feasibility of implementing waterless urinals on UCT’s upper campus. The Western... 

Western Cape drought will severely test govt, says provincial premier Zille

By: African News Agency      22nd February 2018 The immense challenge of the province's longest drought on record will test the capabilities at all levels of government to their limits, Western Cape Premier Helen Zille said during her state-of-the-province address on Thursday. Addressing the provincial parliament, Zille said: "While addressing... 

 Western Cape drought will severely test govt, says provincial premier Zille

Blue Label posts higher earnings on acquisitions

By: Natasha Odendaal     22nd February 2018 JSE-listed Blue Label Telecoms on Thursday posted a surge in earnings for the six months to November 30, following the acquisitions of 45% of mobile operator Cell C and 47.37% of 3G Mobile. The group’s earnings per share and headline earnings per share (HEPS) increased by 110% to 167.43c and 109%... 

Blue Label posts higher earnings on acquisitions
Photo by Duane Daws
Blue Label joint CEO Brett Levy

Ratings agencies applaud South Africa's budget – Treasury

By: Reuters     22nd February 2018 Ratings agencies Fitch, Moody's and S&P's Global all applauded South Africa's budget where the National Treasury raised value added tax for the first time in over two decades and announced plans to dramatically reduce its debt, a senior official said on Thursday. "We engaged with Fitch and... 

Ratings agencies applaud South Africa's budget – Treasury

EU warns it will retaliate if hit by US trade curbs

By: Reuters     22nd February 2018 The European Commission said on Tuesday it had expressed its concern to Washington about possible measures to curb imports of steel and aluminium and warned that it was ready to react if its industry was hit. "We have made it clear to the US administration at the highest level that we would be... 

Industry, business welcomes tough Budget, but warns govt to implement promised changes

By: Megan van Wyngaardt     22nd February 2018 Although Finance Minister Malusi Gigaba has faced sharp criticism following the tabling of the 2018 Budget on Wednesday, particularly from opposition party, the Democratic Alliance, and the Congress of South African Trade Unions, industry bodies and business organisations have welcomed the... 

Nuclear industry group cautions against 'rushed decisions' on energy

By: Rebecca Campbell     22nd February 2018 The Nuclear Industry Association of South Africa (Niasa) has urged the government and energy sector to have a broad perspective in their energy planning and include nuclear in a balanced energy mix. The government should not be distracted by the fact that the country currently had an oversupply... 

Nuclear industry group cautions against 'rushed decisions' on energy
Photo by Niasa
Knox Msebenzi

Innovative mining-specific staff recruitment, management app developed 

     22nd February 2018 Mining and engineering professionals recruiter TrueVine Consulting has developed an innovative online recruitment platform, called Digger to refine and improve the execution of recruitment in the mining industry.  

Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

SAWEA welcomes govt’s commitment to renewables

By: Megan van Wyngaardt     22nd February 2018 The South African Wind Energy Association (SAWEA) on Thursday appealed to President Cyril Ramaphosa, as well as to the Finance, Energy and Public Enterprises Ministers to ensure the setting of a firm date for concluding power purchase agreements (PPAs) for duly procured renewable energy, by no... 

Transnet delivering on its Africa strategy

By: Simone Liedtke     22nd February 2018 State-owned Transnet's Diaspora Infrastructure Development Group (DIDG) Consortium on Wednesday delivered rolling stock to the National Railways of Zimbabwe (NRZ) to strengthen regional integration, trade and the recapitalisation of the Zimbabwean railway programme. This transaction between a... 

Hyprop subsidiary acquires 90% interest in two Croatian shopping centres

By: Simone Liedtke     22nd February 2018 Hystead, a UK company co-owned by Hyprop Investments and PDI Investment Holdings (PDI) has acquired a 90% interest in two Croatian shopping centres from WKB 3 for €129.1-million. When completed, Hystead will own six shopping centres in five countries, with a gross asset value exceeding €740-million. 

Hyprop subsidiary acquires 90% interest in two Croatian shopping centres
City Center one Zagreb West

Russian group thinks nuclear power still has a future in South Africa

By: Rebecca Campbell     22nd February 2018 Russia’s State-owned nuclear corporation Rosatom still believes that nuclear energy has a place in the future development of South Africa. This follows comments made by Finance Minister Malusi Gigaba on Wednesday (Budget Day), which suggested that the country’s planned programme to build a fleet... 

Russian group thinks nuclear power still has a future in South Africa
Photo by Rosatom
Viktor Polikarpov

Budget 2018 highlights 

     22nd February 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Malusi Gigaba’s 2018 Budget speech and what the implications are for the country. 

Budget 2018 highlights

Inside Metrorail’s cable theft and commuter crisis

By: News24Wire      22nd February 2018 Brazen thieves, who have effectively brought a critical rail route in Cape Town to a standstill for nearly six weeks, leaving thousands of commuters in the lurch, have become the focus of intense and unprecedented operations to squeeze out criminals who target beleaguered Metrorail's... 

South Africa retains dubious corruption rating

By: News24Wire      22nd February 2018 Corruption Watch has expressed concern over South Africa dropping down the rankings of the latest Corruption Perceptions Index (CPI) released by Transparency International. Corruption Watch's Phemelo Khaas said South Africa's score dropped from 45 in 2017 to 43 this year, and although it seems "a... 

South Africa retains dubious corruption rating

Utilities should embrace technology and innovation – Eskom’s Govender

By: Anine Kilian     21st February 2018 The fourth industrial revolution presents an opportunity to embrace technology and innovation in the energy sector, State-owned Eskom transmission and sustainability group executive Thava Govender said on Wednesday.   Addressing delegates at the Africa Energy Indaba in Johannesburg, he said that... 

Utilities should embrace technology and innovation – Eskom’s Govender
Photo by Duane Daws
Eskom transmission and sustainability group executive Thava Govender

Energy policy certainty needed to bolster manufacturing growth in Africa

By: Anine Kilian     21st February 2018 More policy certainty is required to support energy projects and to build a strong manufacturing sector in Africa, says engineering and infrastructure advisory group Aurecon African market energy director Elekanyani Ndlovu. Speaking as part of a panel discussion at the Africa Energy Indaba on... 

JSE reports revenue, earnings drops, but declares dividend

By: Schalk Burger     21st February 2018 The Johannesburg Stock Exchange (JSE) reported a 5% drop in its revenue to R2.2-billion for the 2017 financial year and an earnings decline of 99% to R836-million, but a strong balance sheet and good cash generation led it to declare a dividend of 605c a share, which was an increase of 8%.... 

Bidcorp interim results in line with company expectations

By: Simone Liedtke     21st February 2018 JSE-listed Bidcorp has delivered "pleasing results" with the foodservice group's half-year performance in line with management expectations, CEO Bernard Berson said on Wednesday. Headline earnings a share increased by 8.6% to 640c a share in the six months ended December 31, from 589.3c a share a... 

Volumes, dollar prices keep rand at bay for divi-hoisting Assore

By: Martin Creamer     21st February 2018 Improved volumes and better dollar prices proved sufficient for mining holding company Assore to keep rand strength at bay in posting strong headline earnings growth and a sharp interim dividend increase. The company's half-year results were highlighted by a 12% rise in headline earnings, a... 

Volumes, dollar prices keep rand at bay for divi-hoisting Assore
Photo by Duane Daws
Assore CEO Charles Walters

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