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Latest News

Junior iron-ore miner outlines ambitious aims, supports local steel production

By: Ilan Solomons     26th April 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... 

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister

By: Terence Creamer     26th April 2017 Having been effectively directed by the Western Cape High Court to “start with a clean slate” when approaching the controversial issue of nuclear procurement, South Africa’s new Energy Minister Mmamoloko Kubayi has some big calls to make. In the April 26 judgment signed off by justices Lee... 

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister
The Koeberg nuclear power plant in the Western Cape

DAFF pledges support for a game changing NWU food and energy security project

By: Mia Breytenbach     26th April 2017 The Department of Agriculture, Forestry and Fisheries (DAFF) has pledged its support for the SUNfarming Food & Energy project at the North-West University (NWU), in Potchefstroom, in the North West province, which promotes the growing of and provides an opportunity to grow affordable and... 

DAFF pledges support for a game changing NWU food and energy security project
Agriculture, Forestry and Fisheries Minister Senzeni Zokwana and Faculty of Engineering Dean Prof LJ Grobler at the SUNfarming Food & Energy project

Canada contributes R25m to help end spatial apartheid

By: Anine Kilian     26th April 2017 Canada’s Deputy Minister of Global Affairs, Ian Shugart, on Wednesday announced a contribution of R25-million to the Equal Spaces: Social Housing to End Spatial Apartheid project, in South Africa. The project will be managed by Canadian nongovernmental organisation Rooftops Canada and will... 

Canada contributes R25m to help end spatial apartheid
Canada’s Deputy Minister of Global Affairs Ian Shugart

South Deep output 43% down, costs 56% up – Gold Fields

By: Martin Creamer     26th April 2017 Quarter-on-quarter gold production at the South Deep gold mine fell 43% in the first three months of 2017, when costs soared 56%, Gold Fields reported on Wednesday. All-in costs (AIC) at the mechanised mine, located 45 km southwest of Johannesburg, rose to a high level of $1 821/oz in the first... 

South Deep output 43% down, costs 56% up – Gold Fields
Photo by Duane Daws
Gold Fields CEO Nick Holland

Tribunal ratifies Citi's $5m FX rigging settlement

By: Reuters     26th April 2017 South Africa's Competition Tribunal on Wednesday confirmed a R69.5-million ($5.25-million) settlement with Citibank for its role in rigging rand currency trading, making the US bank the first among more than dozen banks named in a probe. The fine is less than 10% of Citibank's annual revenue in... 

Brown grants Eskom more time to reconsider Molefe’s pension payout

By: Anine Kilian     26th April 2017 Public Enterprises Minister Lynne Brown has granted Eskom’s board more time to resolve, through a mutually beneficial consultation process, issues around a pension payout to its former CEO Brian Molefe.   Brown on Sunday turned down the board’s proposal to award Molefe a R30-million pension... 

South African intellectual property agency seeking to stimulate innovation

By: Keith Campbell     26th April 2017 The Companies and Intellectual Property Commission (CIPC), an agency of the Department of Trade and Industry (DTI), has been holding talks with the Department of Higher Education about establishing a national Intellectual Property (IP), or Innovation, Academy, reported CIPC Executive Manager:... 

South African intellectual property agency seeking to stimulate innovation
Photo by Duane Daws/Creamer Media
The DTI office complex in Pretoria

Post Office to become fully-fledged bank – CEO

By: African News Agency      26th April 2017 Plans are under way to remodel the South African Post Office (SAPO) into a fully-fledged bank, CE Mark Barnes said on Wednesday. “Let me tell you about where you are and what the future is. We believe that the Post Office will prove to be a critical element in financial inclusion, for a number of... 

Post Office to become fully-fledged bank – CEO

SA telcos broadening ICT services portfolios

By: Schalk Burger     26th April 2017 South African telecommunications providers are pursuing mobile-data-driven diversification strategies that are creating growth opportunities for the industry and are bolstering their information and communication technology (ICT) services portfolios, Frost and Sullivan’s ‘South African ICT... 

SAA granted interdict against striking cabin crew

By: News24Wire      26th April 2017 The Johannesburg Labour Court has granted South African Airways (SAA) an interdict against striking SA Cabin Crew Association (Sacca) members. Michael van As, for SAA, appeared briefly in the court before the matter was postponed until June 23. 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

By: Terence Creamer     26th April 2017 Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

SAA pleads with customers to ‘bear with it’ as cabin crew strike intensifies

By: African News Agency      26th April 2017 South African Airways (SAA) on Wednesday pleaded with its customers and stakeholders to “bear with it” amid operational delays and flight cancellations due to industrial action by members of its cabin crew. Around 200 flight attendants have gathered outside the SAA head office in Kempton Park in... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Job losses loom at troubled Marula – Implats
Photo by Duane Daws
Acting Implats CEO Gerhard Potgieter

CNC Machines to produce components for isotope separation facility 

     26th April 2017 Machine component manufacturer Precision Separators will be manufacturing and producing components for a medical isotope facility in Pretoria.  

CNC Machines to produce components for isotope separation facility
CNC Machines to produce components for isotope separation facility

South Africa considers strategic grain reserve as possible El Nino looms – Zokwana

By: Reuters     26th April 2017 South Africa, the continent's biggest maize producer, hard hit by an El Nino-triggered drought last year, is considering a strategic reserve as a buffer against future shortages, its agriculture minister told Reuters. Neighbouring countries such as Zimbabwe and Zambia have such reserves, but it... 

LNG-focused energy firm pursuing ‘diversified’ African investment pipeline

By: Terence Creamer     26th April 2017 Black-empowered energy company African Energy Partners (AEP), which plans to list as a special purpose acquisition company on the JSE’s AltX board on June 1, to raise up to R500-million to pursue liquefied natural gas (LNG) prospects in Africa, reports that its investment pipeline includes a... 

LNG-focused energy firm pursuing ‘diversified’ African investment pipeline
AEP CEO Edwin Kikonyogo

Blue Label appoints COO for South African operations

By: Mia Breytenbach     26th April 2017 JSE-listed Blue Label has appointed Wayne McCauley as COO of its South African operations.  He will be responsible for developing, implementing and managing corporate and business strategies and will report to joint CEOs Mark and Brett Levy. “We welcome Wayne to our rapidly expanding South... 

Yum to open 10 Ethiopian Pizza Huts in African expansion

By: Reuters     26th April 2017 US fast-food giant Yum Brands has signed a deal with Ethiopia's Belayab Foods and Franchise to open ten Pizza Hut restaurants in the Horn of Africa country as part of an expansion on the continent. Pizza Hut will be the first major restaurant franchise to open an outlet in Ethiopia, Africa's... 

Court rules nuclear plan unlawful, must be set aside

By: Reuters     26th April 2017 South Africa's controversial push to build a fleet of new nuclear plants suffered a setback on Wednesday after the High Court set aside the procurement process and a pre-agreement with Russia. South Africa, which has the continent's only nuclear power station, has asked power utility Eskom to... 

Court rules nuclear plan unlawful, must be set aside

GWEC expects recovery in deployment of South African wind projects 

     26th April 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the Global Wind Energy Council’s latest forecast for growth in wind energy capacity in South Africa and the rest of Africa. 

GWEC expects recovery in deployment of South African wind projects
GWEC expects recovery in deployment of South African wind projects

Now US shareholders give nod to Sibanye deal

By: Martin Creamer     26th April 2017 The requisite majority of Stillwater shareholders in the US have approved the acquisition by Sibanye of the entire issued share capital of Stillwater Mining Company. The voting took place a day after Sibanye shareholders gave their overwhelming approval to the transaction that is expected to... 

Now US shareholders give nod to Sibanye deal
Photo by Duane Daws
Sibanye CEO Neal Froneman

South Africa launches public debate on possible wealth tax 

By: Reuters     26th April 2017 A committee set up to review South Africa's tax system on Tuesday launched a public debate on one of the most controversial possible moves on its agenda – a wealth tax. The Davis Tax Committee (DTC) announced it was inviting submissions from South Africans on whether the government should... 

Shongweni landfill site owners get death threats  

By: News24Wire      25th April 2017 Shongweni landfill site owners EnviroServ – accused of being responsible for a "big stink" which is making people sick – says its officials and their families are being intimidated and harassed and have been forced to up security at their homes after receiving threats of abduction and even death.... 

Sibanye’s Stillwater buy wins strong shareholder support

By: Martin Creamer     25th April 2017 Shareholders have voted overwhelmingly in favour of Sibanye acquiring Stillwater, the US platinum group metals (PGMs) company. The number of shares that voted in favour of the proposed deal made up 83% of Sibanye’s total issued share capital. 

Sibanye’s Stillwater buy wins strong shareholder support
Photo by Duane Daws
Sibanye CEO Neal Froneman

DA launches court bid to force Zuma to reveal reasons for Cabinet reshuffle

By: African News Agency      25th April 2017 The Democratic Alliance on Tuesday filed an urgent application with the Pretoria High Court to compel President Jacob Zuma to reveal his reasons for last month’s sweeping Cabinet reshuffle. The head of the party’s federal executive, James Selfe, said the application went hand in hand with the... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC 

By: Terence Creamer     25th April 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC

Zuma again stresses drive for ‘radical economic transformation’ at launch of Free State SEZ

By: Anine Kilian     25th April 2017 The 103 ha Maluti-A-Phofung Special Economic Zone (MAP-SEZ) in Harrismith, in the Free State, forms an important part of government’s SEZ Programme, which is aimed at ensuring excluded areas of the country are developed and able to contribute to the country’s economic growth. Speaking at the... 

Zuma again stresses drive for ‘radical economic transformation’ at launch of Free State SEZ
Photo by Duane Daws
President Jacob Zuma and Trade and Industry Minister Dr Rob Davies

Anglo commits to innovative mining that’ll keep people out of harm’s way

By: Martin Creamer     25th April 2017 Keeping people out of harm’s way, extracting more precious ore and less waste rock, recycling all the required water and producing only dry tailings are among the innovative steps diversified mining company Anglo American is firmly committed to taking.  “The real future of mining lies in turning... 

Anglo commits to innovative mining that’ll keep people out of harm’s way
Anglo American Chairperson Sir John Parker

Rosatom to aid IAEA in developing atomic infrastructures in new nuclear countries

By: Keith Campbell     25th April 2017 Russia’s national atomic energy group Rosatom and the International Atomic Energy Agency (IAEA) have concluded a Contribution Agreement, under which the group will help fund IAEA nuclear infrastructure development programmes, Rosatom announced on Tuesday. These programmes assist countries seeking... 

Metrobus implements improved operating hours on OR Tambo-Joburg CBD route

By: African News Agency      25th April 2017 Johannesburg Metrobus announced on Tuesday that it has implemented improved operating times on the OR Tambo International Airport route during off-peak hours to connect commuters with airlines. “Passengers travelling to and from OR Tambo International Airport will find the additional bus services... 

Reserve Bank’s leading business cycle indicator up 1.1% in February

By: African News Agency      25th April 2017 The South African Reserve Bank said on Tuesday its composite leading business cycle indicator increased by 1.1% on a month-to-month basis in February 2017. “Six of the ten component time series that were available for February 2017 increased, while four decreased,” the bank said. 

SAA, Hawaiian Airlines strike deal

By: African News Agency      25th April 2017 South African Airways on Tuesday said it had struck a deal with Hawaii’s largest and longest serving carrier, providing new, convenient flight options for travel between the Hawaiian Islands and Southern Africa. “This new interline partnership enables SAA and Hawaiian Airlines to broaden their... 

Ekurhuleni sets aside R12bn to assist youth owned businesses and SMMEs

By: African News Agency      25th April 2017 The Mayor of Ekurhuleni Mzwandile Masina on Tuesday said the city has set aside R12-billion to ensure youth owned businesses and small, medium-sized and microenterprises (SMMEs) to reposition themselves as capable and preferred service providers to government. “The money will be ring-fenced to... 

Cairo 'cargotecture' company transforms shipping containers into homes

By: Reuters     25th April 2017 An Egyptian design duo has begun re-purposing old steel shipping containers, transforming them into living spaces, shops and restaurants in an effort to introduce residents of overcrowded Cairo to cheaper and more versatile properties. Qubix, a year-old company founded by Youssef Farag and Karim... 

LNG-focused energy aspirant plans June listing on AltX

By: Terence Creamer     25th April 2017 A black-empowered energy company, with a specific focus on liquefied natural gas (LNG), intends listing as a special purpose acquisition company on the JSE’s AltX board in June. African Energy Partners Limited (AEP) will seek to raise up to R500-million to help fund its first “viable... 

Six new prospecting licences awarded to Botswana Diamonds

By: Martin Creamer     25th April 2017 London Aim-listed Botswana Diamonds on Tuesday announced that its joint venture (JV) with the large Russian diamond company, Alrosa, had been awarded of six new prospecting licences in Botswana.   Four are in the Central Kalahari Game Reserve (CKGR) and two are in the Orapa kimberlite province... 

Six new prospecting licences awarded to Botswana Diamonds
Botswana Diamonds chairperson John Teeling

Tsogo Sun invests R220m in new Maputo hotel

By: Creamer Media Reporter      25th April 2017 Construction has started on Tsogo Sun’s new R220-million, 125-room StayEasy Maputo hotel, in Mozambique. The hotel, which will be completed by April 2018, is being built as part of a mixed-use development and will be located above the new Baia Mall that is under construction. 

Tsogo Sun invests R220m in new Maputo hotel
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