http://www.engineeringnews.co.za
R/€ = 15.62 Change: -0.17
R/$ = 13.46 Change: -0.19
Au 1215.59 $/oz Change: -7.66
Pt 799.00 $/oz Change: -9.73
 

Latest News

Stenprop sells Swiss properties

By: Creamer Media Reporter      Updated 16 minutes ago JSE- and LSE-listed Stenprop has completed the sale of two of its properties, Altendorf and Arlesheim, in Switzerland, as part of its strategy of positioning itself as a specialised UK multi-let industrial real estate investment trust. The two properties were sold to Helvetica Swiss Commercial. 

WBHO grows its UK presence

By: Creamer Media Reporter      Updated 33 minutes ago Wilson Bayly Holmes-Ovcon (WBHO) subsidiary WBHO UK has acquired a 60% stake in UK construction business Russells for £32.8-million, as well as a 31.7% stake in Russell Homes for £3.25-million. Russells provides design, installation and project management capabilities in the UK construction... 

WBHO grows its UK presence

AMSA’s shares rise on expectations of lower losses

By: Creamer Media Reporter      Updated 53 minutes ago ArcelorMittal South Africa’s (AMSA’s) share price on the JSE rose by more than 12% on Thursday morning as the company announced that it expects to report a 25% to 30% narrowing in its losses a share for the six months ended June 30. The company’s loss a share is expected to decrease from the 203c... 

MTN’s Van Coller takes the reins at EOH Holdings

By: Natasha Odendaal     Updated 1 hour 5 minutes ago Telecommunications giant MTN digital services, data analytics and business development VP Stephen van Coller has resigned, effective August 31, to take the reins at JSE-listed EOH Holdings on September 1. Van Coller joins EOH as group CEO following the announcement of a strategy shake-up that... 

US-based Opic CEO visits S Africa, African countries to advance development

By: Marleny Arnoldi     Updated 1 hour 24 minutes ago US Overseas Private Investment Corporation (Opic) president and CEO Ray Washburne this week visited South Africa and met with local banks to discuss investment opportunities in advancing development in the country and highlight Opic-supported projects. It is Washburne’s third stop on a... 

Mandela centenary commemorated with banknotes and R5 coin 

Updated 1 hour 29 minutes ago To commemorate late Statesman Nelson Mandela’s centenary, the South African Reserve Bank has launched commemorative banknotes and a R5 coin into circulation, depicting the most significant occasions in Mandela’s life. Marleny Arnoldi attended the launch. 

Mandela centenary commemorated with banknotes and R5 coin
Mandela centenary commemorated with banknotes and R5 coin

First African company announces science-based greenhouse gas target

By: African News Agency      Updated 1 hour 35 minutes ago Emira Property Fund has become the first African and South African company to have a greenhouse gas emissions target approved by the Science Based Targets initiative (SBTi). The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World... 

Kibo’s Mbeya special mining licence submissions in final stages

By: Marleny Arnoldi     Updated 1 hour 53 minutes ago Following the submission of Aim- and AltX-listed Kibo Mining’s local content plan (LCP) and integrity pledge (IP) to the Mining Commission – a constituent of the Tanzania Ministry of Mines – within the next two weeks, the authority will be ready to consider Kibo’s application for a special mining... 

M&R awarded R4bn of projects in Australasia

By: Marleny Arnoldi     Updated 1 hour 54 minutes ago JSE-listed engineering and construction group Murray & Roberts (M&R) has been awarded new projects to the value of R4-billion, to be delivered over the next two years. These awards include projects to be undertaken by M&R’s oil and gas platform in the metals and minerals market in Australasia,... 

Light rail line in Nigeria's capital opens to passengers

By: Reuters     Updated 1 hour 59 minutes ago Nigeria has opened a new Chinese-built light railway network in the capital Abuja after 11 years of construction, a rare transport project in a nation where economic growth has been stymied for generations by a lack of infrastructure development. Passengers were permitted this week to ride the... 

Alphabet to deploy balloon Internet in Kenya in 2019

By: Reuters     Updated 2 hours 8 minutes ago Alphabet's Loon said on Thursday it would deploy its system of balloons to beam high-speed Internet access with Telkom Kenya from next year to cover rural and suburban populations, marking its first commercial deal in Africa. Known as Project Loon, the technology was developed by Alphabet's X,... 

SA post office strike over

By: African News Agency      Updated 4 hours ago The South African Post Office strike has been brought to a halt after trade unions reached an agreement regarding salary increase on Wednesday. The strike started on July 3. 

 SA post office strike over

Sappi to build xylitol, furfural production demo plant

By: Creamer Media Reporter      18th July 2018 Pulp and paper producer Sappi has decided to build a demonstration plant to further scale up its novel Xylex technology for the production of xylitol and furfural. The plant, which will become operational in early 2019, will be located adjacent to the existing sugars and lignin extraction plant... 

Battery storage to benefit businesses, municipalities

By: Simone Liedtke     18th July 2018 Battery storage will have a significant and firm impact on the uptake of renewable energy in South Africa, enabling users, whether in the retail or industrial space, to leverage some of the value that solar energy can create, says SOLA Future Energy energy storage services head Daniel Goldstuck.... 

Aerospace group Boeing expects strong global airliner and services demand until 2037

By: Rebecca Campbell     18th July 2018 Global aerospace giant Boeing has predicted that 42 730 new jet airliners, worth $6.3-trillion, will be needed to meet demand over the next 20 years. This forecast was unveiled in the group’s 'Commercial Market Outlook', released at the Farnborough International Airshow, currently under way in... 

Aerospace group Boeing expects strong global airliner and services demand until 2037
Photo by Duane Daws/Creamer Media
A Boeing 737-800 of South African budget airline Kulula

Competition Amendment Bill 

18th July 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the changes proposed in the Competition Amendment Bill, which has been tabled before Parliament. 

Competition Amendment Bill
Competition Amendment Bill

Google hit with record $5bn EU antitrust fine

By: Reuters     18th July 2018 EU regulators hit Google with a record €4.34-billion ($5-billion) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals. The penalty is nearly double the previous record of €2.4-billion, which the US tech company was ordered to pay last year over its... 

Volvo Trucks appoints new Southern Africa VP

By: Irma Venter     18th July 2018 Volvo Group Southern Africa has announced the appointment of Marcus Hörberg to lead the company’s local operations, with effect July 1. He replaces Torbjörn Christensson. 

Volvo Trucks appoints new Southern Africa VP
Marcus Hörberg

EU to curb steel imports after Trump tariffs

By: Reuters     18th July 2018 The European Union will launch measures on Thursday designed to prevent a surge of steel imports into the bloc following the US imposition of tariffs on incoming steel and aluminium, the EU's official journal said. The European Commission has proposed a combination of a quota and a tariff to... 

Tullow Oil to shoulder Kosmos' $65m burden over Ghana rig dispute

By: Reuters     18th July 2018 Britain's Tullow Oil has to cough up around $65-million for Kosmos Energy's share and legal fees over a cancelled rig contract in Ghana, the companies said on Wednesday. A London judge had ordered Tullow this month to pay rig owner Seadrill around $254-million, saying Tullow was wrong to end the... 

Ramaphosa’s $100bn investment target will be reached in a year – Brics ambassador

By: African News Agency      18th July 2018 The target set by President Cyril Ramaphosa to garner $100-billion in local and foreign investment to boost the South African economy is “modest” and would be achieved within a year, Professor Anil Sooklal said on Tuesday. “The $100-billion is a modest target. I believe we will reach that in a... 

UN Security Council imposes arms embargo on South Sudan

By: African News Agency      18th July 2018 The United Nations Security Council (UNSC) has imposed an arms embargo on South Sudan as a measure to prevent the flow of weapons to armed groups in the war-hit nation. The members who backed the imposition of the ban believe such a move would help protect civilians, while others raised concerns... 

SA annual consumer inflation accelerates to 4.6 percent in June - stats agency

By: African News Agency      18th July 2018 South Africa’s annual consumer price inflation quickened to 4.6 percent in June from 4.4 percent in May, data from the national statistics agency showed on Wednesday. On average, prices increased by 0.4 percent between May and June, Statistics South Africa said. 

 SA annual consumer inflation accelerates to 4.6 percent in June - stats agency

City of Cape Town cancels Foreshore Freeway Precinct project

By: News24Wire      18th July 2018 Cape Town's famous unfinished freeway will remain as it is, after the City announced on Wednesday that it was cancelling its ambitious Foreshore Freeway Precinct project. "The City of Cape Town’s City Manager has, upon receiving legal advice, taken the decision to cancel the Request for Proposals... 

Revolutionary solar-power desalination plant could provide cheaper option, but it needs space

By: News24Wire      18th July 2018 The new solar-powered desalination plant under construction at Witsand on the southern Cape coast will produce water at a cost of only R7 to R8 a kilolitre. This is less than a quarter of the cost of water from Cape Town's temporary desalination plant at Strandfontein. Water from the... 

Revolutionary solar-power desalination plant could provide cheaper option, but it needs space

South African initiative wins prestigious global education award

By: News24Wire      18th July 2018 The impact that a South African programme has made on the education of children has earned it a prestigious international award. Partners for Possibility, the flagship programme of Symphonia for South Africa, was one of six winners in the World Innovation Summit for Education (WISE) awards, which... 

South African initiative wins prestigious global education award

Madiba's light shone so brightly – Obama 

By: Sane Dhlamini     18th July 2018 Madiba's light shone so brightly, even from that narrow Robben Island cell, said the 44th US President Barack Obama during the sixteenth annual Nelson Mandela Lecture, on Tuesday, in Johannesburg. The speech was well received by almost 15 000 South Africans and dignitaries from many countries... 

Madiba's light shone so brightly – Obama
Barack Obama delivers the 2018 Nelson Mandela annual lecture (Camera & editing: Nicholas Boyd)

Vukile raises R1.63bn, acquires new properties in Spain

By: Anine Kilian     18th July 2018 JSE-listed Vukile Property Fund, which is expanding its presence in Spain, has raised about R1.63-billion through the issue of new shares. Of the total, R1.38-billion was raised through an accelerated bookbuild process that was open to selected investors. 

Calgro M3 expands Memorial Parks business

By: Anine Kilian     18th July 2018 JSE-listed property and property related investment holding company Calgro M3 has expanded its Memorial Parks business to two more provinces – the Western Cape and the Free State. This increases the number of memorial parks owned and managed by the group to five, with further plans to acquire... 

Listed contractors feeling the pinch as construction sector dynamics change 

By: Natasha Odendaal     18th July 2018 A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa. With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry Insight senior economist David Metelerkamp on... 

Listed contractors feeling the pinch as construction sector dynamics change
Industry Insight senior economist David Metelerkamp discusses the state of South Africa's construction industry. Video and editing: Darlene Creamer.

Growthpoint shares start trading on A2X

By: Creamer Media Reporter      18th July 2018 Real estate investment trust Growthpoint Properties’ shares began trading on the A2X on Wednesday. Growthpoint retains its primary listing on the JSE. 

Globeleq acquires Brookfield’s South African renewables portfolio

By: Anine Kilian     18th July 2018 Globeleq has entered into an agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable energy portfolio.   The agreement is subject to various closing conditions and, once fulfilled, will give Globeleq a majority shareholding in six... 

Electricity supply in Africa driven by market rather than player – PowerGen panel

By: Marleny Arnoldi     18th July 2018 The energy industry in Africa is faced with more opportunities than challenges, a panel of speakers at the PowerGen conference agreed on Tuesday. Power Utility Leadership platform founder Izak du Plessis remarked that similar to other industries, the electricity industry will change and keep... 

I believe in Nelson Mandela’s vision – Obama

By: Sane Dhlamini     17th July 2018 “I believe in Nelson Mandela’s vision,” former US President Barack Obama said during the sixteenth annual Nelson Mandela Lecture, on Tuesday. The event, held in Johannesburg, celebrates Madiba’s centenary this year and was attended by thousands including dignitaries such as Graça Machel, Ban Ki... 

I believe in Nelson Mandela’s vision – Obama
Photo by Dylan Slater
Former US President Barack Obama

Madiba belonged to the world – Ramaphosa  

By: Sashnee Moodley     17th July 2018 South Africans and people around the world are humbled and privileged to be participating in this celebration of the centenary of Nelson Mandela, declared President Cyril Ramaphosa during his introduction of former US President Barack Obama during the sixteenth annual Nelson Mandela Lecture,... 

Madiba belonged to the world – Ramaphosa
President Cyril Ramaphosa speaking at the sixteenth annual Nelson Mandela Lecture (Camera & editing: Nicholas Boyd)

Africa’s energy industry facing disruption

By: Anine Kilian     17th July 2018 Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on Tuesday, she noted that, ultimately, people who rely on the energy market will find ways to acquire... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

Competition Bill’s national security veto of foreign mergers ‘tightly codified’

By: Terence Creamer     17th July 2018 The national security veto included in the Competition Amendment Bill, which was tabled before Parliament on Tuesday, had been “tightly codified” so as not to deter potential investors, but rather offer certainty, Economic Development Minister Ebrahim Patel said during a briefing in Cape Town.... 

Competition Bill’s national security veto of foreign mergers ‘tightly codified’
Photo by Creamer Media
Economic Development Minister Ebrahim Patel
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

More Latest News

more

Latest Videos

more

Company Announcements

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