http://www.engineeringnews.co.za
R/€ = 16.11 Change: -0.05
R/$ = 14.22 Change: -0.04
Au 1216.54 $/oz Change: 3.64
Pt 841.50 $/oz Change: 5.48
 

Audio Articles

Own revenue generation enables Gauteng to extend budget allocation by R1.9bn  

By: Marleny Arnoldi     15th November 2018 Finance MEC Barbara Creecy has increased the Gauteng Provincial Government’s budget by R1.9-billion to R123.2-billion, compared with the R121.4-billion budget that was announced in March. Presenting the Adjustment Budget and Medium Term Budget Policy Statement in the Gauteng Legislature, on... 

Sappi mulls further Saiccor expansion as it moves ahead with R7.7bn project 

By: Terence Creamer     15th November 2018 JSE-listed forest products group Sappi has confirmed that it is considering a further expansion of its giant Saiccor dissolving wood pulp (DWP) mill in KwaZulu-Natal, having only recently pulled the trigger on a R7.7-billion investment to expand output at the facility by 110 000 t/y. An... 

Sappi mulls further Saiccor expansion as it moves ahead with R7.7bn project
The Saiccor mill

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury 

By: African News Agency      15th November 2018 The revenue for South African municipalities is expected to rise to R431.5-billion in 2019/20 and R462.5-billion in 2020/21 from a budgeted R404.6-billion for 2018/19, the National Treasury said on Thursday. In a statement on the medium term revenue and expenditure framework for municipalities,... 

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes 

By: Terence Creamer     14th November 2018 Debt-laden electricity utility Eskom is preparing for yet another bruising encounter with consumers in the coming months, during which it will seek to justify it latest R762-billion, three-year revenue application. If successful with its fourth multiyear price determination (MYPD4) application,... 

Eskom highlights risk of further debt accumulation as it gears up to defend big hikes

Investment pledges will add about R338bn to South Africa’s economic growth – PwC 

By: Tasneem Bulbulia     14th November 2018 The proposed investment pledges announced during the Presidential Investment Summit in October could add about R338-billion to South Africa’s gross domestic profit (GDP) between 2019 and 2024, says PwC. President Cyril Ramaphosa stated at the conference that “nearly R290-billion” had been pledged... 

Motus about more than car sales, says acting CEO 

By: Irma Venter     14th November 2018 Motus is on track to list on the JSE on November 22, in the specialised retail sector, following the unbundling of the Imperial group into its two main businesses: Imperial Logistics and Motus, with the latter housing all of its automotive related activities. Imperial was, in fact, founded as a... 

Motus about more than car sales, says acting CEO
Ockert Janse van Rensburg

Electrifying the world no panacea for global warming, IEA says  

By: Bloomberg     13th November 2018 Driving electric cars and scrapping your natural gas-fired boiler won’t make a dent in global carbon emissions, and may even increase pollution levels. Higher electrification may lead to oil demand peaking by 2030, but any reduction in emissions from the likes of electric vehicles will be offset... 

IEA warns of damaging price spikes if weak oil investment left unchecked 

By: Terence Creamer     13th November 2018 The International Energy Agency (IEA) is cautioning of “damaging price spikes in the 2020s” if the current weak investment in new oil supply is “left unchecked”. The agency states that the average level of new conventional crude oil project approvals over the last three years is only half the... 

IEA warns of damaging price spikes if weak oil investment left unchecked

Defence sector code gazetted 

By: Marleny Arnoldi     12th November 2018 Trade and Industry Minister Dr Rob Davies expects transformation in South Africa’s defence sector to gain traction, following the gazetting, on Monday, of the Defence Sector Code in terms of Section 9(1) of the Broad-Based Black Economic Empowerment Amendment Act. Davies says the development of... 

Vodacom posts H1 uptick  

By: Natasha Odendaal     12th November 2018 JSE-listed Vodacom on Monday posted growth across the board for the first half of the 2019 financial year, with service revenue up 6.1% to R36.8-billion and group revenue up 5.6% to R44.4-billion. During the six months ended September 30, the group achieved headline earnings a share of 385c, a 6%... 

South Africa needs an ‘explicit’ digital industrial policy 

By: Terence Creamer     12th November 2018 Trade and Industry Minister Dr Rob Davies is warning that unless South Africa develops and “explicit digital industrial policy” there is no guarantee that the potential benefits of the so-called Fourth Industrial Revolution will outweigh the disadvantages. South Africa has had an official... 

South Africa needs an ‘explicit’ digital industrial policy
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies

Lazard says ‘inflection point’ reached making new renewables cheaper than existing coal 

By: Terence Creamer     9th November 2018 A new US study comparing the costs of energy from various generation technologies indicates that an “inflection point” has been reached where, in some cases, it is more cost effective to build and operate new renewable-energy projects than to maintain existing conventional generation plants. The... 

Lazard says ‘inflection point’ reached making new renewables cheaper than existing coal

Opic, Africell commit $100m to develop Africa’s telecommunications environment 

By: Natasha Odendaal     9th November 2018 US development finance institution Overseas Private Investment Corporation (Opic) and mobile telecommunications operator Africell have signed a financing deal that will see $100-million injected into the development of the telecommunications sector in Africa. The growth capital facility, one of... 

Toyota, VW developing seven black component suppliers, says DTI’s Davies 

By: Irma Venter     9th November 2018 Seven black-owned automotive component suppliers are currently undergoing an 18-month training programme, with the aim of supplying some of South Africa’s vehicle manufacturing plants in future, says Trade and Industry Minister Dr Rob Davies. Responding to a question in Parliament this week, he... 

 Toyota, VW developing seven black component suppliers, says DTI’s Davies
Dr Rob Davies

Africa poised to be global renewable-energy leader – AfDB president  

By: Terence Creamer     8th November 2018 African Development Bank (AfDB) president Dr Akinwumi Adesina says Africa is poised to become the leading region for renewable-energy globally and has reaffirmed the bank’s support for the ambitious ‘Desert to Power’ programme in the Sahel region. Speaking in Johannesburg at the inaugural Africa... 

Africa poised to be global renewable-energy leader – AfDB president
Photo by Reuters
AfDB president Dr Akinwumi Adesina

To unlock sustained investment Africa must ‘resolve problems that keep investors away’  

By: Terence Creamer     8th November 2018 If Africa is to seize the opportunities of the future, it needs to mobilise large-scale, sustained investment, especially in infrastructure, President Cyril Ramaphosa said in his address at the Africa Investment Forum under way in Johannesburg this week. Organised by the African Development Bank... 

To unlock sustained investment Africa must ‘resolve problems that keep investors away’
President Cyril Ramaphosa

Saudi Arabia makes $1bn bid for partnership with South African defence group Denel 

By: Reuters     8th November 2018 Saudi Arabia has made a $1-billion bid for a broad partnership with South African State-owned defence group Denel that would include the acquisition of a minority stake in a joint venture with Germany's Rheinmetall, a source familiar with the offer said. Currently heavily dependent on imports,... 

Saudi Arabia makes $1bn bid for partnership with South African defence group Denel

Eskom issues senior managers with retrenchment notice 

By: Terence Creamer     7th November 2018 The board at State-owned electricity utility Eskom has approved a process that could result in the retrenchment of senior managers, the company confirmed on Wednesday. Eskom said in a statement that, despite efforts to curb expenditure, operating costs had continued to increase dramatically,... 

Eskom issues senior managers with retrenchment notice

Morwe signals strategy shift as he prioritises restoration of trust amid ‘turbulance’ 

By: Terence Creamer     7th November 2018 Transnet acting CEO Tau Morwe is prioritising the restoration of trust, internally and externally, which he acknowledges has been affected by the “turbulence” associated with recent action taken by the board to tackle corruption and recover money “siphoned” from the State-owned company. However,... 

Morwe signals strategy shift as he prioritises restoration of trust amid ‘turbulance’

African Development Bank plans R10bn in loans to Eskom 

By: Reuters     7th November 2018 The African Development Bank plans to lend South African power utility Eskom around R10-billion ($720-million) in 2019 and 2020, the bank's president Akinwumi Adesina said. "We plan to lend around $620-million for the Medupi power plant, and around $100-million for Eskom's transmission network,... 

African Development Bank plans R10bn in loans to Eskom
Photo by Reuters
AfDB president Akinwumi Adesina

South Africa joins the IEA as an association country 

By: Kim Cloete     6th November 2018 South Africa has joined the International Energy Agency (IEA) as an association country in a move it believes will bring it closer to the cutting-edge of technology and global energy governance. It is the first country in Africa to be afforded this status. 

South Africa joins the IEA as an association country
IEA executive director Dr Fatih Birol and Energy Minsiter Jeff Radebe

Funding model not sustainable, warns Road Accident Fund as deficit soars to R206bn 

By: Irma Venter     6th November 2018 The Road Accident Fund’s (RAF’s) net deficit has jumped from R179.9-billion in the 2017 financial year, to R206.3-billion in the 2018 financial year, with the bulk of this related to unpaid claims. Claims liability has soared from R188-billion in the 2017 financial year, to R215-billion in the... 

Funding model not sustainable, warns Road Accident Fund as deficit soars to R206bn

Transnet veteran Morwe steps in as acting CEO for next six months 

By: Terence Creamer     6th November 2018 Freight logistics group Transnet has appointed Tau Morwe as acting CEO for the six-month period from November 1, 2018, to April 30, 2019. The appointment has been approved by Public Enterprises Minister Pravin Gordhan and follows on from the State-owned company’s decision to dismiss Siyabonga... 

Transnet veteran Morwe steps in as acting CEO for next six months
Photo by Creamer Media
Tau Morwe

DPE says State airline should prepare for equity partner 

By: Reuters     5th November 2018 The Department of Public Enterprises (DPE) said on Sunday that struggling State-run South African Airways (SAA) should reduce its cost base and prepare for a strategic equity partner in the near future. Finance Minister Tito Mboweni had said on Thursday that SAA, which has not generated a profit... 

DPE says State airline should prepare for equity partner

Private-sector activity shrinks at fastest rate in 4 years in Oct – PMI 

By: Reuters     5th November 2018 South African private sector activity shrank at the fastest rate in over four years in October as sharp declines in output, new orders and export demand saw firms cut back purchasing amid a recession, a survey showed on Monday. The Standard Bank Purchasing Managers' Index (PMI), compiled by IHS... 

Private-sector activity shrinks at fastest rate in 4 years in Oct – PMI

Aveng reports R3.8bn rise in McConnell Dowell’s order book 

By: Terence Creamer     2nd November 2018 JSE-listed infrastructure group Aveng reported on Friday that its Australian subsidiary McConnell Dowell had secured recent contracts worth a combined R3.8-billion, boosting the business’ overall order book to R8.7-billion. The new orders have been secured across a range of infrastructure and... 

Ramaphosa says South Africa needs leadership, not leaders  

By: Tasneem Bulbulia     2nd November 2018 President Cyril Ramaphosa has called for leadership, not leaders, in what he termed a new era for South Africa, following the previous decade of stand-offs between government and the private sector. Ramaphosa was speaking at the Discovery Leadership Summit, in Johannesburg, on Thursday, when he... 

Ramaphosa says South Africa needs leadership, not leaders
President Cyril Ramaphosa

South Africa moves to reboot digital migration after years of delay 

By: Natasha Odendaal     2nd November 2018 Following years since embarking on, and the subsequent stalling of, South Africa’s migration from analogue to digital broadcasting, the Department of Communications (DoC) hopes to revive its momentum after revising its digital migration delivery model. The revised model approved by Cabinet in... 

South Africa moves to reboot digital migration  after years of delay

Big power users call for inflation-linked tariff ‘compact’ and industry review 

By: Terence Creamer     1st November 2018 The Energy Intensive Users Group (EIUG) has called for an electricity price compact that sustains tariff increases as close to consumer price inflation as possible for the coming five years. The proposal is made in a precursor to the EIUG’s official response to Eskom’s latest revenue application,... 

Big power users call for inflation-linked tariff ‘compact’ and industry review
Dr Tsakani Mthombeni

Load-shedding spectre returns as unplanned outages rise  

By: Terence Creamer     1st November 2018 The spectre of load-shedding, which has haunted South Africa and its economy since 2008, but has lifted somewhat in recent years, appears to have returned. State-owned electricity producer Eskom confirmed with Engineering News Online on Thursday that the system had become vulnerable once again,... 

Load-shedding spectre returns as unplanned outages rise

Absa PMI fell for a third consecutive month in October 

By: Reuters     1st November 2018 South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) fell further in October due to declines in new orders, business activity and employment, a survey showed on Thursday. The index, which is compiled by the Bureau for Economic Research and gauges manufacturing activity in... 

Absa PMI fell for a third consecutive month in October

Denel reports R1.7bn operating loss for 2017/18, turnaround progressing 

By: Marleny Arnoldi     31st October 2018 State-owned defence industrial group Denel on Wednesday, with the release of its yearly results, stated that its operating loss of R1.7-billion for the 2017/18 financial year clearly shows a business that has had a difficult year, marked by lapses in governance, mismanagement and poor contract... 

Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

New Eskom report warns of possible generation gaps in coming five years  

By: Terence Creamer     31st October 2018 Eskom’s newly released Medium-Term System Adequacy Outlook (MTSAO) report highlights several risks to South Africa’s electricity supply for the period 2018 to 2023 and indicates that additional capacity will be required during the period to restore generation adequacy should the energy... 

New Eskom report warns of possible generation gaps in coming five years

Cybersecurity must be managed at board level, urges Gautrain boss 

By: Irma Venter     30th October 2018 Cybersecurity must be managed proactively at board level, says Gautrain Management Agency (GMA) CEO Jack van der Merwe. “It must be led by senior management and assured by corporate governance. It is a line function and not a staff function.” 

Cybersecurity must be managed at board level, urges Gautrain boss

Unemployment rate rises to 27.5% in Q3  

By: Marleny Arnoldi     30th October 2018 The official unemployment rate increased to 27.5% during the third quarter, compared with 27.2% in the second quarter. This translates to 6.2-million unemployed people in South Africa. The unemployment rate was 26.7% in the first quarter of the year, according to Statistics South Africa’s (Stats... 

Unemployment rate rises to 27.5% in Q3

Natural gas cheaper than soaring diesel, petrol, says NGV Gas  

By: Irma Venter     30th October 2018 When compared with petrol, diesel and liquefied petroleum gas, compressed natural gas (CNG) is the most economic transport fuel, believes CNG group sales and marketing manager Wayne Williams. “On 26 September, natural gas was R7.10c cheaper than a litre of 95 octane petrol in Johannesburg,” he... 

Natural gas cheaper than soaring diesel, petrol, says NGV Gas

Raubex rightsizes road rehab division as lower Sanral work volumes bite 

By: Marleny Arnoldi     29th October 2018 JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31, particularly in the road construction sector, reporting a 57.4% decline in operating profit to R157-million, compared with the R370-million profit... 

First
Prev
1
2 Next Last

Latest News

more

Real Economy Report

more

Second Take

more

SAFM

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close