http://www.engineeringnews.co.za
R/€ = 15.48 Change: -0.01
R/$ = 13.30 Change: -0.03
Au 1227.12 $/oz Change: -16.99
Pt 817.00 $/oz Change: -12.27
 

Economy News

Airbus, Côte d’Ivoire sign agreement to develop country’s aerospace sector

By: Rebecca Campbell     19th June 2018 Global aerospace major Airbus has signed a memorandum of understanding (MoU) with the government of the Côte d’Ivoire (Ivory Coast) to create a cooperation framework which, in turn, will facilitate the development of the West African country’s aerospace industry. The Côte d’Ivoire government has... 

Denel CFO placed on special leave

By: Creamer Media Reporter      18th June 2018 Denel CFO Odwa Mhlwana has been placed on special leave pending a disciplinary process into allegations of misconduct against him. Denel on Monday said its board has taken this step for the purposes of creating a conducive environment that will allow for the start of a verification process in... 

Denel CFO placed on special leave

NUM slams claims of 'sabotage' by Eskom

By: African News Agency      18th June 2018 The National Union of Mineworkers (NUM) on Monday said that Eskom was lying to the public that workers affiliated to the trade union were responsible for sabotaging work being done at the power utility's power stations across the country.  This comes as Eskom last week began implementing... 

NUM slams claims of 'sabotage' by Eskom

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

By: Terence Creamer     18th June 2018 Investment company ATON, which is seeking to acquire Murray & Roberts (M&R), has welcomed a Competition Tribunal ruling opening the way for it to vote all its shares at a general meeting at which M&R shareholders will vote on the merits of a proposed transaction with Aveng. The meeting is... 

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

State capture at heart of Eskom’s load-shedding woes – Maimane

By: News24Wire      18th June 2018 Diversifying the energy mix, reducing demand and putting an end to the Eskom monopoly in the energy sector are some of the proposals the Democratic Alliance (DA) has made to mitigate load-shedding. Speaking during a briefing at Parliament on Monday, DA leader Mmusi Maimane stressed that... 

 State capture at heart of Eskom’s load-shedding woes – Maimane
Photo by Creamer Media
DA leader Mmusi Maimane

Num denies reports it wanted to postpone wage talks with Eskom

By: African News Agency      18th June 2018 The National Union of Mineworkers (Num) on Monday slammed reports that it had called for the postponement of wage negotiations with power utility Eskom because of its congress this week.  "The Num congress is starting on Wednesday at the Birchwood Hotel and that will not affect the wage... 

 Num denies reports it wanted to postpone wage talks with Eskom

Eskom says low probability of day-time load-shedding

By: African News Agency      18th June 2018 State electricity company Eskom said on Monday there is a low probability of rotational load-shedding during the day as a result of power station units being returned to the system after last week's wage strike, but the probability was higher for the evening peak period due to increased demand.... 

Eskom says low probability of day-time load-shedding

Eskom says power system will take up to 10 days to recover from strike impact

By: News24Wire      18th June 2018 State electricity company Eskom said late on Sunday its power system remained constrained and would take up to ten days to recover from the effects of last week's wage strike. Eskom warned consumers to work on the assumption that rolling power interruptions, or loadshedding, implemented over the... 

 Eskom says power system will take up to 10 days to recover from strike impact

Gordhan lays out State's case against suspended Sars boss Moyane  

By: News24Wire      15th June 2018 Public Enterprise Minister Pravin Gordhan has laid out the State's case against suspended South African Revenue Service (Sars) commissioner Tom Moyane in a 69-page affidavit. Moyane was suspended from the tax agency on March 19. President Cyril Ramaphosa at the time accused him of overseeing a... 

 Gordhan lays out State's case against suspended Sars boss Moyane
Suspended Sars boss Tom Moyane

Numsa rejects Eskom arbitration process

By: African News Agency      15th June 2018 The National Union of Metalworkers of SA (Numsa) on Friday rejected Eskom's decision to engage in an arbitration process on the current wage dispute with workers unions, saying that such a decision was made without consulting them. Numsa, the National Union of Mineworkers (Num), and Solidarity... 

Numsa rejects Eskom arbitration process

'High risk' of load shedding over weekend

By: News24Wire      15th June 2018 South Africa on Friday experienced its second consecutive day of load shedding, with power outages likely to continue over the weekend.  Eskom spokesperson Khulu Phasiwe said that stage 1 load shedding started at 11:30 and would continue until 21:00 due to "multiple trips of its power generation... 

'High risk' of load shedding over weekend

Eskom obtains court interdict against workers pickets at power stations

By: African News Agency      15th June 2018 Eskom on Friday obtained a court interdict prohibiting the intimidation of workers and contractors who are not part of an ongoing wage strike, as well as the highjacking of coal trucks and the sabotaging of the power utility's electricity infrastructure.  On Thursday, generation and distribution... 

Eskom obtains court interdict against workers pickets at power stations

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

By: News24Wire      15th June 2018 Motorists will have to brace themselves as fuel prices look set for another jump going into July, says Automobile Association (AA), commenting on unaudited mid-month fuel data released by the Central Energy Fund (CEF).   AA said: "Since the start of June, the Rand has steadily weakened against... 

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

World Economic Forum to discuss SA's reform agenda in Joburg

By: African News Agency      15th June 2018 The World Economic Forum (WEF) said on Friday that it will convene a one-day roundtable later this month with President Cyril Ramaphosa, ministers and business leaders from across the world about the role of business in shaping an inclusive and sustainable agenda for South Africans. Elsie Kanza,... 

 World Economic Forum to discuss SA's reform agenda in Joburg

BLSA extends partnership with USAID, $3m added

By: African News Agency      15th June 2018 Business Leadership South Africa (BLSA) and the United States Agency for International Development (USAID) on Thursday announced the extension of their multi-million rand partnership by a further three years and an additional $3.6-million. Beyond Advocacy Fund (BAF), is an imaginative partnership... 

South Africa prioritising business confidence and investor interest

By: African News Agency      15th June 2018 The South African government has prioritised the enhancement of business confidence and investor interest in order to create an enabling environment for business to thrive.  This is according to Deputy Minister of Trade and Industry Bulelani Magwanishe who on Thursday welcomed a business... 

Gauteng prepares to expropriate privately owned land without compensation 

By: News24Wire      15th June 2018 The Gauteng government wants to "immediately" expropriate without compensation privately owned land lying idle. Premier David Makhura said the province was completing an audit of all unused privately owned land to test the Constitution instead of waiting on the parliamentary process currently... 

Gauteng prepares to expropriate privately owned land without compensation
Gauteng Premier David Makhura

China–Africa Industrial Cooperation 

15th June 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Rebecca Campbell about the recent China-Africa Industrial Cooperation conference and how China expects to help Africa in its industrialisation efforts. 

China–Africa Industrial Cooperation
China–Africa Industrial Cooperation

Industry body assumes consultancy role in DHET initiative

By: Halima Frost     15th June 2018 The Southern African Institute of Welding (SAIW) has been appointed by the Department of Higher Education and Training (DHET) to act as the consultants in the welding aspect of the Centres of Specialisation Programme. Higher Education and Training Minister Naledi Pandor outlined in March that the... 

Industry body assumes consultancy role in DHET initiative
SEAN BLAKE A good skills set, local labor and governments investment are what is needed

Aerospace facility aims to help country master new technologies

By: Rebecca Campbell     15th June 2018 In South Africa, the aerospace and defence industries have a responsibility to provide technological leadership for the rest of the economy. This is because they are leading sectors for the development, introduction and use of innovations and new technologies, argues Centurion Aerospace Village... 

Union wants answers as gaps left by SAX grounding are plugged

By: Rebecca Campbell     15th June 2018 South African Airways (SAA) has created an extended flight schedule to replace the capacity lost with the grounding of the SA Express airline by the South African Civil Aviation Authority (CAA). (This grounding was because of “severe cases of non-compliance that pose serious safety risks” found... 

Green building requires holistic approach

By: Tasneem Bulbulia     15th June 2018 With the current water shortage in the Western Cape having encouraged efficient water use and proactive ways of saving water, building industry representative the Joint Building Contacts Committee (JBCC) CEO Uwe Putlitz says a similar attitude should be pursued regarding green building in the... 

Green building requires holistic approach
COMPREHENSIVE PLANNING Green building should not be regarded as a separate entity from the rest of a building project but rather as an integral part of the entire project

Proposed amendment to legislation set to eliminate lead in paint

By: Tasneem Bulbulia     15th June 2018 Paint industry representative the South African Paint Manufacturing Association (Sapma) has achieved a “great victory”, with the announcement last month of the government notice of intention to amend the Hazardous Substance Act of 2009, which will eliminate lead in paint, executive director... 

Proposed amendment to legislation set to eliminate lead in paint
TAKING THE LEAD The proposed amendment to the Hazardous Substance Act of 2009 will reduce the amount of lead in paint to 90 parts per million

Nersa grants Eskom R32.69bn in RCA application 

By: African News Agency      14th June 2018 The National Energy Regulator of South Africa (Nersa) on Thursday granted Eskom R32.69-billion following its regulatory clearing account (RCA) application for the multi-year price determination period from 2015 to 2017. The cash-strapped power utility had applied for a 19.9% tariff hike to recoup... 

Nersa grants Eskom R32.69bn in RCA application

SARB launches commemorative Mandela banknotes

By: African News Agency      14th June 2018 The South African Reserve Bank (SARB) has said that it will be launching its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary.  These notes will cover all denominations - R10, R20, R50, R100 and R200 - and as part... 

SARB launches commemorative Mandela banknotes

Labour unions picket Eskom office in wage dispute

By: Reuters     14th June 2018 Hundreds of union members picketed outside the headquarters of Eskom on Thursday because of a wage dispute which has hurt the cash-strapped South African power utility's ability to deliver electricity to Africa's most industrialised economy. Labour unions, angered by Eskom's failure to raise... 

Labour unions picket Eskom office in wage dispute

Cash-in-transit heists could lead to losses of R470m, Parliament hears

By: News24Wire      14th June 2018 Cash-in-transit heists will lead to cash losses of R470-million this year if the current trend continues, the Portfolio Committee on Police heard on Wednesday. The meeting brought together a range of stakeholders concerned with cash-in-transit heists, including the South African Banking Risk... 

Cash-in-transit heists could lead to losses of R470m, Parliament hears

Business trading conditions remain weak – index

By: Marleny Arnoldi     13th June 2018 Trade conditions for businesses remained weak in May, says the South African Chamber of Commerce and Industry (Sacci).  

CIPC launches Extensible Business Reporting Language to relieve regulatory burden

By: Marleny Arnoldi     13th June 2018 The ease of doing business and particularly reducing the regulatory burden for businesses received a boost with the launch of the Companies and Intellectual Property Commission’s (CIPC’s) Extensible Business Reporting Language (XBRL) this week.  

CIPC launches Extensible Business Reporting Language to relieve regulatory burden
Trade & Industry Minister Dr Rob Davies at the XBRL launch, JSE

Q2 business confidence falls six points to 39 – RMB/BER

By: Reuters     13th June 2018 A South African business confidence index fell in the second quarter by six points, a survey showed on Wednesday, a sign the economy was struggling amid hopes that President Cyril Ramaphosa would help revitalise the country and attract investment. The Rand Merchant Bank (RMB) business confidence... 

Govt commits to saving jobs in steel industry 

By: African News Agency      13th June 2018 The South African government said on Tuesday that it will continue to work with the steel industry towards averting job losses in the sector, adding that it has put in place measures to save the steel industry from collapsing.  This emerged when officials from the Department of Trade and Industry... 

Govt commits to saving jobs in steel industry

Solidarity-ETM labour market index shows drop in job, wage security

By: Marleny Arnoldi     12th June 2018 Trade union Solidarity and ETM Analytics’ Labour Market Index (LMI), in the first quarter of this year, halted its continuing improvement since the first quarter of 2016.  

IMF says South Africa should spell out land reform plans to remove uncertainty

By: Reuters     12th June 2018 The International Monetary Fund (IMF) said on Tuesday that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment. South Africa's ruling African National Congress has said it plans to redistribute land without... 

IMF says South Africa should spell out land reform plans to remove uncertainty

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

PetroSA's GTL refinery could run out of natural gas in two years

Eskom scrambles with contingency plans as workers strike looms

By: African News Agency      12th June 2018 South African state-owned power utility Eskom said on Tuesday it had put in place contingency measures to mitigate the impact of a planned strike by workers unions over the company's proposal not to increase wages. "Eskom has noted the statements made by the trade unions about their intentions to... 

Eskom scrambles with contingency plans as workers strike looms

IMF's Lagarde says global economic outlook darkening by the day

By: Reuters     12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... 

IMF's Lagarde says global economic outlook darkening by the day
Photo by Reuters
IMF MD Christine Lagarde

'No sacred cows': SAA boss plans deep cuts

By: Reuters     11th June 2018 Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan. Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio... 

'No sacred cows': SAA boss plans deep cuts

Latest News

more

Latest Videos

more

Projects

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
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close