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Economy News

Colliery Training College

By: Zandile Mavuso     28th July 2017 The Colliery Training College (CTC) – an important centre for artisan and mining skills training in Emalahleni, Mpumalanga – has been part of the coal mining industry since 1964. Prominent mining companies such as Anglo American Thermal Coal, Exxaro, Glencore, Izimbiwa Coal, Kangra Coal and South... 

Comair reports its diversification strategy is working

By: Keith Campbell     28th July 2017 South African airline group Comair Limited’s strategy of countering the weak local air passenger market by diversifying its business is proving successful, reports company CEO Erik Venter. “It’s working very well. About 20% of our profits are coming from our non-airline businesses and we’re... 

Company to hold short courses and workshops this year

By: Simone Liedtke     28th July 2017 Environment solutions company I-CAT plans to hold a range of external, environment-oriented short courses and workshops at its Pretoria-based training facility by the last quarter of this year, as a means to keep the industry updated on legislation changes and the responsibility of industry players. 

Company to hold  short courses and workshops this year
Photo by Duane Daws
LOURENS JANSEN VAN RENSBURG I-CAT uses highly qualified and experienced facilitators to provide competency-based specialised training programmes

Education institutions struggling with connectivity

By: Simone Liedtke     28th July 2017 Amid water, electricity and basic infrastructure challenges at various education institutions, the lack of Internet connectivity has also been a challenge, states wireless connectivity firm Ruckus sub-Saharan Africa sales director Riaan Graham. 

Education institutions  struggling with connectivity
RIAAN GRAHAM Connectivity to the Internet is essential and if it is available at a school, WiFi can be used to distribute access to the students

First red-seal toolmaker certificates handed over

By: Simone Liedtke     28th July 2017 The National Tooling Initiative Programme (NTIP) celebrated the milestone of handing over the first red-seal toolmaker occupational certificates to twelve graduates last month at the South African Nuclear Energy Corporation, in Pretoria. 

First red-seal toolmaker certificates handed over
SEAL OF APPROVAL The first cohort of graduates received their red-seal toolmaker occupational certificates last month

Gas-to-power a more favourable alternative energy source

By: Nica Schreuder     28th July 2017 The nuclear procurement programme was rejected in the High Court earlier this year and opens the way for greater advocacy around the gas-to-power programme, says oil and gas specialist Lizel Oberholzer. “The focus on nuclear energy generation has come at the cost of the development of other... 

Gas-to-power a more favourable alternative energy source
LIZEL OBERHOLZER The importation of LNG remains the biggest opportunity for growth in the gas sector, says Oberholzer

Investment in gas economy tough if risk exceeds appetite

By: Nica Schreuder     28th July 2017 Gas infrastructure for electricity generation requires key investors to get involved in this capital-intensive endeavour but if the perception among investors is that of risk exceeding reward, investment is unlikely to emerge, says oil and gas equipment supplier Energas Technologies project... 

Investment in gas economy tough if risk exceeds appetite
HEATER SKID Energas technologies’s heater skid contains a thyristor controller, which monitors gas temeperature at the outlet of the control valve

Moves to fast-track regulation could ignite energy efficiency sector

By: Mia Breytenbach     28th July 2017 As businesses move to become more self-reliant and decrease their exposure to electricity price volatility, government is also moving ahead with policy support for energy efficiency initiatives in homes, business and industry, says Pan-African law firm Bowmans public law and regulatory head and... 

Moves to fast-track regulation could ignite energy efficiency sector
Photo by Bloomberg
EFFICIENCY INCENTIVE A range of initiatives in the energy sector that promote energy efficiency include an income tax incentive for those installing renewable-energy generation

Not enough high school mathematics and science graduates

By: Simone Liedtke     28th July 2017 Irrespective of the considerable amount of money invested in the South African education system, engineering consultancy WSP Africa head of people, culture and engagement Elaine Porter, states that the number of high-school graduates with good results in higher-grade mathematics and science is... 

Not enough high school mathematics and science graduates
NECESSARY FOUNDATIONS Mathematics and science abilities cannot suddenly be learnt, without foundations in analytical skills

Outreach programme providing opportunities for participants

By: Simone Liedtke     28th July 2017 Engineering company Bosch’s Outreach Robotics Programme has provided participants the opportunity to compete in the 2017 World Robot Olympiad, in Costa Rica, in November this year. 

Outreach programme providing  opportunities for participants
MARKUS THILL The programme aims to ensure that children from various backgrounds have an opportunity to study robotics

Software-defined storage allows schools to use commodity hardware to build storage pool

By: Simone Liedtke     28th July 2017 Enterprise open-source software company SUSE has released what it calls software-defined storage which supports schools using free open-source software (FOSS), says SUSE client executive Derek Rule. 

Software-defined storage allows schools to use commodity hardware to build storage pool
DEREK RULE The global community of open-source software users and developers provides a constant stream of updates and improvements

Training facility to improve skills deficit in artisan industry 

By: Simone Liedtke     28th July 2017 Industrial rope access specialist Skyriders Access Specialists aims to bridge the rope access skills deficit in the artisan industry through offering training at its Midrand-based facility, states Skyriders marketing manager Mike Zinn. 

Training facility to  improve skills deficit  in artisan industry
Skyriders marketing manager Mike Zinn gives a tour of their training facility, in Midrand. Camerawork and Editing: Nicholas Boyd.

Political instability a blow to business confidence

By: Anine Kilian     27th July 2017 South Africa’s political turbulence has prompted 28% of surveyed local business executives to give the nation’s economy a pessimistic outlook for the year ahead, according to advisory firm Grant Thornton’s second-quarter International Business Report (IBR). “At the end of March, South Africa... 

Eskom tariffs in AMSA’s action plan crosshairs as losses spike  

By: Terence Creamer     27th July 2017 Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a... 

Eskom tariffs in AMSA’s action plan crosshairs as losses spike
AMSA CEO Wim de Klerk on seeking a new electricity tariff deal from Eskom and Nersa. Camera Work & Editing: Darlene Creamer. Recorded: 27.7.2017

State capture is about ‘stealing State resources’ – Gordhan  

By: Sane Dhlamini     27th July 2017 Former Finance Minister Pravin Gordhan said on Wednesday that State capture was about “stealing State resources” and that it was a no-go area for him and his former deputy Mcebisi Jonas. Gordhan and Jonas both addressed a seminar organised by the University of Johannesburg, on State capture,... 

State capture is about ‘stealing State resources’ – Gordhan
Former Finance Minister Pravin Gordhan, his former deputy Mcebisi Jonas and economist Lumkile Mondi addressed a seminar organised by the University of Johannesburg, on State capture, white monopoly capital and radical transformation. Video and editing: Darlene Creamer

Reject the Mining Charter, urges Phosa

By: African News Agency      27th July 2017 African National Congress (ANC) presidential hopeful, Mathews Phosa, has rubbished the recently revised Mining Charter as a document crafted by “corrupt politicians who colluded with illegal immigrants” in an attempt to get their hands on the country’s mineral resources. Under threat of legal... 

'There is no such thing as radical economic transformation' - Mathews Phosa

By: News24Wire      27th July 2017 There is no such thing as radical economic transformation, African National Congress (ANC) presidential candidate Mathews Phosa has told the Afrikaanse Handelsinstituut (Afrikaans Trade Institute). Phosa was delivering the keynote address at the institute's indaba for small and medium enterprises... 

'There is no such thing as radical economic transformation' - Mathews Phosa
Photo by Duane Daws
Mathews Phosa

Tribunal confirms settlement agreement with second fire control systems supplier

By: Creamer Media Reporter      26th July 2017 Fireco Gauteng, now called KRS Fire, which specialises in supplying, installing and maintaining fire control and protection systems, has agreed to pay a R909 376 administrative penalty for collusion. The Competition Tribunal has confirmed the settlement agreement with the company. 

No local-content verification of Transnet locomotives conducted yet, SABS confirms 

By: Terence Creamer     26th July 2017 The South African Bureau of Standards (SABS) has confirmed with Engineering News Online that it has not conducted any verification of local content in the 1 064 locomotives being acquired by Transnet and that it also does not have an agreement with Transnet to do so. Transnet awarded the... 

No local-content verification of Transnet locomotives conducted yet, SABS confirms

Minister Brown says ‘Gupta freebie’ allegations against officials must be probed

By: African News Agency      26th July 2017 Public Enterprises Minister Lynne Brown says she is fully behind investigations by the Directorate for Priority Crime Investigation (Hawks) into allegations of corruption levelled against officials in her department.  Brown’s personal assistant, Kim Davids, this week became the latest official to... 

Minister Brown says ‘Gupta freebie’ allegations against officials must be probed
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Nepad advocates centralised bankable project information hub

By: Natasha Odendaal     25th July 2017 The New Partnership for Africa's Development (Nepad) Infrastructure Project Preparation Facility (IPPF) is suggesting that a one-stop shop initiative – comprising a project hub and a help desk – be established to promote bankable projects in Africa, with the aim of increasing the accessibility of... 

UP researchers join fight against avian flu

By: Natasha Odendaal     25th July 2017 With four South African farms having been hit by the current bird flu outbreak, University of Pretoria (UP) researchers have joined the poultry industry and the Department of Agriculture, Forestry and Fisheries (DAFF) to contain the highly pathogenic avian influenza, or H5N8 variant of bird flu.... 

FNB, DTI pledge to make finance, incentive access easier for black industrialists

By: Natasha Odendaal     25th July 2017 As the Department of Trade and Industry (DTI) marks some successes with its Black Industrialists Programme, the department and financial institution First National Bank (FNB) have inked a deal that will pave the way for improved access to finance for black industrialists. A collaborative pledge,... 

FNB, DTI pledge to make finance, incentive access easier for black industrialists
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Calls for more investment in science infrastructure in Africa

By: Creamer Media Reporter      25th July 2017 Researcher Professor Kelly Chibale has called for a deep commitment to investing in world-class infrastructure and skills for scientists to succeed on the continent. The founder and director of Africa’s only integrated drug discovery and development centre, H3D, at the University of Cape Town... 

Political uncertainty leads to drop in M&A deals in Africa in Q2

By: Natasha Odendaal     25th July 2017 Inbound merger and acquisition (M&A) deals in Africa plunged 48% from 33 in the second quarter of 2016, and 45% from 31 in the first quarter of this year, to just 17 in the second quarter of this year. The total deal value for inbound deals decreased to $780-million – an 83% year-on-year and an... 

South Africa’s ‘accelerating’ SOE-guarantee exposure a risk to debt sustainability

By: Terence Creamer     24th July 2017 Rising contingent liabilities in State-owned enterprises (SOEs), together with the recent ratings downgrades pose the main risks to South Africa’s debt sustainability, the Organisation for Economic Cooperation and Development (OECD) cautions in its fifth and latest economic survey of the country.... 

South Africa’s ‘accelerating’ SOE-guarantee exposure a risk to debt sustainability
Photo by Duane Daws
OECD secretary-general Angel Gurría and South Africa's Finance Minister Malusi Gigaba

IMF maintains world economic growth forecast

By: Natasha Odendaal     24th July 2017 The International Monetary Fund (IMF) on Monday maintained its global growth forecast at 3.5% for 2017 and 3.6% for 2018. Its latest World Economic Outlook update, published on Monday, shows economic activity in both advanced economies and emerging and developing economies accelerating this year... 

Public Protector to investigate Brian Molefe over R30m ‘golden handshake’

By: African News Agency      24th July 2017 Public Protector Advocate Busisiwe Mkhwebane has agreed to investigate disgraced former Eskom CEO Brian Molefe, for the R30 million “golden handshake” he received was awarded by the beleaguered power utility. Democratic Alliance (DA) MP Natasha Mazzone on Monday said her party requested the... 

CSP engineering specialist optimistic of technology’s inclusion in new IRP

By: Terence Creamer     24th July 2017 Global engineering and technology group SENER, which is active in three concentrated solar power (CSP) projects in South Africa, is optimistic that South Africa’s updated Integrated Resources Plan (IRP) will include an allocation for CSP, despite the technology’s exclusion from the draft Base... 

CSP engineering specialist optimistic of technology’s inclusion in new IRP
SENER regional MD Siyabonga Mbanjwa

With drought threatening food security, farmers turn to drip irrigation 

By: Anine Kilian     21st July 2017 With the recent drought in Southern Africa compounding the unpredictable impact of climate change on food production, local farmers are converting to drip irrigation in an attempt to conserve water, using less to produce more, according to Crookes Brother’s Limited (CBL) MD Guy Clarke. During a... 

With drought threatening food security, farmers turn to drip irrigation

FNB economists welcome interest rates cut

By: African News Agency      21st July 2017 Economists on Friday welcomed the decreased interest rates, saying that it would have a positive impact on many sectors of the economy, including agriculture, investment, and franchising. This comes after the South African Reserve Bank (Sarb) announced on Thursday, that the Monetary Policy... 

FNB economists welcome interest rates cut

South Africa makes surprise recovery in 2017 reputation index

By: Terence Creamer     21st July 2017 Despite ongoing political turmoil and an increase in policy uncertainty, South Africa made a surprise recovery in the 2017 edition of a global reputation study, rising four places to 45 out of 71 countries measured. Unveiling the results of the latest Country RepTrak study, which has been... 

South Africa makes surprise recovery in 2017 reputation index

SA committed to increasing trade with Zambia, says DTI minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

SA committed to increasing trade with Zambia, says DTI minister
Trade and Industry Minister Dr Rob Davies

Exhibition facilitates industrial growth in KZN

By: Robyn Wilkinson     21st July 2017 This year’s KwaZulu-Natal Industrial Technology Exhibition (Kite) will provide businesses in the province with an ideal access route to the key resources required to ramp up their operations in line with government’s extensive and ongoing investment in new manufacturing endeavours. 

Exhibition facilitates industrial growth in KZN
Photo by Bloomberg
GROWING ECONOMIC HUB Government investment in the Port of Durban will support trade stemming from the ramp-up of manufacturing activites in KZN

Futureproof solutions ensure green living

By: Robyn Wilkinson     21st July 2017 Demonstrating its capability for creative thinking, engineering and project management consultancy Royal HaskoningDHV South Africa has overcome bulk services shortages and ensured the preservation of the natural environment along KwaZulu-Natal’s north coast through the sustainable design of the... 

Illegal mining threatens infrastructure development in KwaZulu-Natal

By: Robyn Wilkinson     21st July 2017 Failure to adequately regulate illegal sand mining in KwaZulu-Natal is increasingly becoming a threat to the mining and construction sectors in the region, says Aggregate and Sand Producers Association of Southern Africa (Aspasa) director Nico Pienaar. 

Illegal mining threatens infrastructure development in KwaZulu-Natal
NICO PIENAAR Aspasa is taking steps to ensure a well-run and compliant aggregate and sand producing industry in KwaZulu-Natal

Joburg Property Company showcases city’s heritage

By: David Oliveira     21st July 2017 In a R60-million renovation project, the former post office on Rissik street is being restored to its former glory as one of Johannesburg’s stand-out heritage sites. During a media tour hosted by the Johannesburg Property Company (JPC) last month, Johannesburg-based Paradigm Architects principal... 

Joburg Property Company showcases city’s heritage
JOBURG CLASSIC GETS FACELIFT The post office in Rissik street, which was built in 1897, is currently undergoing a R60-million renovation

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