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Latest News

Botswana promoted as attractive investment destination

By: Tasneem Bulbulia     Updated 2 hours 2 minutes ago Botswana holds a number of opportunities for prospective investors, owing to its various inherent characteristics and incentives, and companies are encouraged to capitalise on these. This was the key message at the Botswana Investment and Trade Centre’s (BITC’s) Doing Business in Botswana... 

Kibo provides update on four key projects

By: Simone Liedtke     Updated 2 hours 11 minutes ago JSE- and Aim-listed Kibo Energy on Monday confirmed that it is developing four key projects – two thermal coal power projects, in Botswana and Mozambique; a UK-focused flexible energy portfolio; and an advanced coal-to-power project, in Tanzania – in parallel. The projects fall in line with the... 

Numsa members embark on strike at BMW’s Rosslyn plant

By: Simone Liedtke     Updated 2 hours 21 minutes ago The National Union of Metalworkers of South Africa (Numsa) on Monday claimed that BMW South Africa had unilaterally changed the terms of service for contract workers. As a result, Numsa members have embarked on a strike at BMW’s Rosslyn plant, in Pretoria. 

JRA completes two Ivory Park road upgrades, more to follow

By: Marleny Arnoldi     Updated 2 hours 34 minutes ago City of Johannesburg mayor Herman Mashaba on Monday opened two newly built and rehabilitated roads in Ivory Park, Ward 78, near Midrand. The R6-million project, which was funded by the Johannesburg Roads Agency (JRA), included the installation of underground stormwater management systems and... 

90 000 gold and platinum jobs at risk as Eskom hikes loom 

By: Terence Creamer     Updated 2 hours 50 minutes ago The Minerals Council South Africa is ringing alarm bells over the threat posed to employment and production in the gold and platinum sectors as a result of recently approved electricity tariff increases, including the 13.8% hike to be implemented from April 1. In addition, the council is warning... 

90 000 gold and platinum jobs at risk as Eskom hikes loom

ATON extends long stop date of M&R takeover offer to June

By: Marleny Arnoldi     Updated 2 hours 52 minutes ago Construction and engineering group Murray & Roberts (M&R) announced on Monday that Germany-based ATON has extended the long stop date for completing the buyout of M&R share from March 31 to June 30. This is owing to pending merger control clearances and competition authority approvals from... 

Icasa appoints acting chairperson

By: Creamer Media Reporter      Updated 3 hours ago The Independent Communications Authority of South Africa (Icasa) on Monday announced the appointment of Dr Keabetswe Modimoeng as acting chairperson, effective immediately. Modimoeng, appointed following a special council meeting, will remain in the acting position until a permanent successor to... 

Taste Holdings appoints Dylan Pienaar CEO

By: Reuters     Updated 3 hours ago Taste Holdings has appointed its chief operating officer, Dylan Pienaar, as chief executive officer effective on Monday as part of its restructuring. Acting chief executive officer, Tyrone Moodley, stepped down on Monday and has been reappointed as a non-executive member of the firm which... 

EOH Microsoft licence partnership woes deepen

By: Schalk Burger     Updated 4 hours ago JSE-listed information technology services company EOH announced in a statement on Monday that it had, on March 12, received a 30-day notice period from software multinational Microsoft Ireland of its intention to terminate the Partner Network Agreement with a number of EOH group companies, and... 

Sacci, SBI urge govt to do more to resolve Eskom’s troubles 

By: Simone Liedtke     Updated 4 hours ago The recent round of rolling blackouts plaguing South Africa, and uncertainty about the longer-term power supply situation in South Africa are having a devastating impact on business, says South African Chamber of Commerce and Industry (Sacci) CEO Alan Mukoki. Although Eskom does not expect to... 

Cape Town forum to look at how data can enable South African cities to build resilient govts

By: African News Agency      Updated 4 hours ago Cape Town is hosting a conference from Monday which will explore how cities can utilise data to build resilient and responsive local governments. In a statement, the city said the British High Commission had brought in representatives from United Kingdom organisations specialising in the use of... 

M&R acquires another US-based firm 

By: Simone Liedtke     Updated 5 hours ago JSE-listed engineering and construction group Murray & Roberts’ (M&R’s) Cementation Americas, which forms part of the M&R Underground Mining platform, has acquired 100% of Terra Nova Technologies (TNT) for $38-million. The acquisition will be funded from a revolving and term loan credit facility,... 

Group Five subsidiary companies to continue operating as going concerns – BRPs

By: Simone Liedtke     Updated 6 hours ago The joint business rescue practitioners (BRPs) for Group Five and Group Five Construction on Monday confirmed that subsidiary companies of these entities would continue to operate as going concerns, as they do not fall directly into business rescue proceedings. This is also the case for Group... 

Group Five subsidiary companies to continue operating as going concerns – BRPs

Transnet in talks with Kenya for deal to operate Lamu port

By: Bloomberg     25th March 2019 Kenya is in talks with Transnet of South Africa to operate a seaport that the East African nation is developing to partly use for planned exports of oil. The state-owned South African logistics company is leading a group of companies that are pitching to provide the equipment for the initial... 

Progressive Professionals Forum wants SIU probe into Steinhoff

By: African News Agency      25th March 2019 The Progressive Professionals Forum (PPF) has called for South Africa's Special Investigating Unit to probe troubled global retailer Steinhoff International in light of new revelations of corruption.  An investigative report by audit firm PricewaterhouseCoopers (PwC) found that a small group of... 

Progressive Professionals Forum wants SIU probe into Steinhoff

Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service

By: Reuters     25th March 2019 Boeing said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service. The meeting is a sign that Boeing's planned software patch is nearing completion, though it will still need... 

Rand slides as global recession fears hit emerging markets

By: Reuters     25th March 2019 South Africa's rand retreated against the dollar early on Monday, weakening alongside other emerging market currencies on fears of a slowdown in global economic growth. At 0630 GMT the rand was 0.1% weaker at 14.5050 per dollar compared to a close of 14.9000 on Friday in New York. 

Rand slides as global recession fears hit emerging markets

South Africa's 2019 maize crop seen down 16% on drought conditions

By: Reuters     25th March 2019 South Africa is likely to harvest 16% less maize in 2019 compared with the previous season after drought delayed plantings, a Reuters poll showed on Monday. The government's Crop Estimates Committee (CEC), which will provide its second production forecast for the 2019 crop on Tuesday, is seen... 

South Africa's 2019 maize crop seen down 16% on drought conditions

Mboweni questions need to hold onto State assets

By: Bloomberg     25th March 2019 Finance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. Mboweni has asked Public Enterprises Minister Pravin Gordhan for a list of noncore State assets and has been... 

Mboweni questions need to hold onto State assets
Photo by Reuters
Finance Minister Tito Mboweni

No load shedding anticipated for the coming week, says Eskom

By: African News Agency      25th March 2019 No load shedding is anticipated for the coming week due to the electricity system gradually improving, Eskom said on Sunday night. "The improvement in plant performance, together with replenished diesel and water reserves over the last few days, as well as the increase of imports from... 

 No load shedding anticipated for the coming week, says Eskom

Imminent global water shortfall can be managed through partnerships

By: Natasha Odendaal     22nd March 2019 The world has just over one decade to resolve the ever-diminishing supply of water or face a 40% shortfall and demand management is the fastest, cheapest strategy to get started on resolving the challenge. One year after the release of a World Bank study that showed that maintaining a... 

Aveng Strabag Joint Venture to appeal ruling on calling of Mtentu bridge bonds 

By: Terence Creamer     22nd March 2019 The Aveng Strabag Joint Venture (ASJV) reported on Friday that it would appeal the dismissal of an urgent application, lodged by the ASJV in February, seeking to prevent the South African National Roads Agency Limited (Sanral) from making a call on the bonds relating to the Mtentu bridge... 

Aveng Strabag Joint Venture to appeal ruling on calling of Mtentu bridge bonds

Intellidex cuts South African growth forecast as load-shedding woes continue  

By: Tasneem Bulbulia     22nd March 2019 Capital markets research firm Intellidex has cut its growth forecast for South Africa’s economy for this year further to 1%, from the previous estimate of 1.2%. In a statement on Friday, it highlighted a strong risk scenario of negative full-year growth, as a result of load-shedding. 

SAB to expand water-saving collaborations to more municipalities

By: Nadine James     22nd March 2019 South African Breweries (SAB) hopes to expand its water-saving collaboration efforts with municipalities to more water-stressed communities across South Africa, after achieving significant successes in Cape Town and Tshwane. Working with local municipalities in Cape Town and Tshwane, SAB has... 

Zuma says nuclear could've solved load-shedding

By: News24Wire      22nd March 2019 Former president Jacob Zuma, whose administration has been blamed for the current power outages, has said the power crisis could have been averted if the country had built nuclear reactors.  In an interview with Business Day on Friday, Zuma said the costly nuclear build programme he supported... 

Zuma says nuclear could've solved load-shedding

Kibo progresses Benga power plant development

By: Tasneem Bulbulia     22nd March 2019 Kibo Energy has noted progress with the development of its Benga power plant project, in Mozambique. A definitive feasibility study (DFS) has been completed ahead of schedule and the final review is in progress. 

South32’s Mozal pledges $250 000 to aid Cyclone Idai recovery efforts

By: Tasneem Bulbulia     22nd March 2019 South32’s Mozal Aluminium smelter, which is located in the Mozambique capital Maputo, has pledged a $250 000 donation to support recovery efforts following the devastating impact of Cyclone Idai in the country. Commenting in a statement on Friday, Mozal VP Samuel Samo Gudo said the company had... 

Dube TradePort set for R18bn expansion

By: Nadine James     22nd March 2019 The R18-billion expansion of one of two of KwaZulu-Natal’s special economic zones (SEZs), the Dube TradePort, is set to create hundreds of jobs as the province gears for yet another round of development for its Durban Aerotropolis precinct, KwaZulu-Natal Economic Development, Tourism and... 

Intervention needed to protect South Africa’s infrastructure projects 

By: Nadine James     22nd March 2019 Urgent intervention is needed to protect infrastructure projects, investor confidence and the safety of professionals in the built environment, Association of South African Quantity Surveyors (ASAQS) member Yunus Bayat said on Friday, in response to reports of widespread “construction mafia” and... 

Intervention needed to protect South Africa’s infrastructure projects

Black Management Forum questions 'lack of transparency' in appointing new Sars commissioner

By: News24Wire      22nd March 2019 The Black Management Forum (BMF) has said that it is concerned with what it deems to be a 'rushed and guarded' recruitment process in appointing a new commissioner for the South African Revenue Service (Sars). Last week Finance Minister Tito Mboweni reappointed Mark Kingon as the acting head of... 

 Black Management Forum questions 'lack of transparency' in appointing new Sars commissioner
Photo by Bloomberg
Acting Sars Commissioner Mark Kingon

Sasol donates $250 000 to those hit by tropical cyclone Idai

By: African News Agency      22nd March 2019 Sasol on Thrsday committed to donate $250 000, or about R3.56-million, for the relief and support of communities that have been severely affected by the tropical cyclone Idai in Beira and Dondo in Sofala province of Mozambique. This will also be provided to other impacted areas in Inhambane... 

Guinea risks 'conflict and confusion' with mining eviction policy

By: Reuters     22nd March 2019 Civil society groups rejected Guinea's first policy seeking to protect people displaced by mines and dams on Thursday, saying it would worsen poverty and conflict in the mineral-rich nation. Seven human rights and development organisations asked the government not to adopt the proposed national... 

Exxaro terminates Group 5 contracts

By: Tasneem Bulbulia     22nd March 2019 Exxaro has decided to terminate its agreement with Group Five Construction subsidiary, Group 5 Projects, with effect from March 21, following Group Five’s announcement that it has embarked on business rescue proceedings. Exxaro in April 2017 appointed Group 5 Projects to build a new small coal... 

Boeing makes safety change, Indonesian airline cancels order

By: Reuters     22nd March 2019 Indonesian airline Garuda said on Friday it would cancel a $6-billion order for Boeing 737 MAX jets, citing concerns over passenger confidence, as Boeing tried to quell safety worries by making a previously optional cockpit warning light compulsory. National carrier Garuda is the first airline to... 

Tanzania to start talks for $30bn LNG project in April

By: Bloomberg     22nd March 2019 Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties... 

Opinion: If investment is the goal, what should SA’s electricity game plan be?

By: Tobias Bischof-Niemz     22nd March 2019 South Africa has correctly identified the lack of investment as a serious constraint to economic growth and job creation. President Cyril Ramaphosa has moved to address the problem by reaching out to domestic and foreign investors both informally and through the inaugural Investment Conference,... 

Opinion: If investment is the  goal, what should SA’s electricity game plan be?
LEAST-COST ADVANTAGES: No environmental benefits in deviating from South Africa least-cost electricity scenario

Revitalised Bloodhound project gets new livery and headquarters

By: Irma Venter     22nd March 2019 The Bloodhound is back and on the hunt to set a new world land speed record (LSR). Under the new ownership of Ian Warhurst, CEO of Grafton LSR, the freshly assembled Bloodhound LSR team will focus on completing development of the jet- and rocket-powered car and moving to the next phase of the... 

Revitalised Bloodhound project gets new livery and headquarters
The Bloodhound has shed its blue and orange colours for white and red

'Signs are encouraging' load-shedding will be reduced – Eskom

By: News24Wire      22nd March 2019 Eskom will implement Stage 2 load-shedding on Friday, as strain on the national grid improves and “signs are encouraging” that there will be reduced rotational power cuts as available generating capacity improves, according to Eskom spokesperson Andrew Etzinger. Stage 2 will be implemented... 

 'Signs are encouraging' load-shedding will be reduced – Eskom
Photo by Creamer Media
Eskom Spokesperson Andrew Etzinger
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