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Latest News

Eskom optimistic plan to boost coal stocks will prevent power outages

By: Paige Müller     12th October 2018 The continuing coal supply shortage at State-owned power utility Eskom Holdings is considered a crisis by industry commentators. Although conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.... 

Local constraints preventing SA civil aerospace firms from spreading wings

By: Rebecca Campbell     12th October 2018 In his speech, officially opening the recent Africa Aerospace and Defence (AAD) 2018 exhibition held at Air Force Base Waterkloof in Pretoria (City of Tshwane), President Cyril Ramaphosa made an all-too-brief reference to South Africa’s civil aerospace industry. “Some of our aircraft-related... 

Local constraints preventing SA civil aerospace firms from spreading wings

Engineering News iPhone and Android Apps available for free download

By: Creamer Media Reporter      12th October 2018 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Engineering News iPhone and Android Apps available for free download

Air Products launches centralised acetylene facility 

By: Tasneem Bulbulia     11th October 2018 Air Products has invested more than R90-million into a centrally located dissolved acetylene facility in Midvaal and decommissioning its two existing plants in Kempton Park, in Gauteng, and Pinetown, in KwaZulu-Natal. The company officially unveiled the new central facility on Thursday. 

Air Products launches centralised acetylene facility
Air Products MD Rob Richardson details that company’s new dissolved acetylene facility in Midvaal, and Midvaal executive mayor Bongani Baloyi outlines the impact for the area. Video and editing: Nicholas Boyd.

Lethabo unit to remain out of service for 3 months following boiler rupture

By: Marleny Arnoldi     11th October 2018 Based on a preliminary inspection by State-owned power utility Eskom, it is expected that Unit 5 at the Lethabo power station will remain out of service for a minimum of three months. This follows after the death of one employee and the injury of another at the power station on Wednesday when... 

Rail to form backbone of South African transport, mobility by 2050

By: Simone Liedtke     11th October 2018 The draft White Paper on National Rail Policy is expected to be completed by the end of this year, with the legislative process only expected to begin post the 2019 national elections. The promulgation of the draft White Paper will be the first instance in which government will be giving the... 

Transnet tests world’s longest manganese production train

By: Marleny Arnoldi     11th October 2018 Transnet Freight Rail (TFR) has successfully run a 375-wagon manganese train over a distance of 861 km from Sishen to Saldanha Bay. This formed part of the testing of the 4-km-long train, which will, once in operation, be a production train with the highest number of wagons in the world, and the... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

KPMG will cooperate with damning SARB report 

By: News24Wire      11th October 2018 KPMG has vowed to work on rebuilding trust in its reputation following the release of the South African Reserve Bank's (SARB's) report into VBS Mutual Bank, the global auditing firm said in a statement on Thursday.  The statement was released on Thursday, acknowledging the outcome of the report. 

 KPMG will cooperate with damning SARB report

Cabinet approves revised digital migration model

By: Natasha Odendaal     11th October 2018 Cabinet on Wednesday approved a revised digital migration delivery model that will see government step back from its involvement in the procurement of set-top boxes (STBs), warehousing, transportation and the installation of the devices. The new model for the implementation of the broadcast... 

New evidence shows arms deal commission 'ignored critical evidence of wrongdoing'

By: News24Wire      11th October 2018 New evidence to be filed as part of a court case taking the arms deal commission of inquiry’s findings on review purports to show that the commission ignored critical evidence, ignored the advice and documents provided by local and international investigators, and ultimately, through wilful... 

Wind body to request smoothing of procurement profile in IRP submission

By: Terence Creamer     11th October 2018 The South African Wind Energy Association (SAWEA) will appeal for a “smooth rolling procurement” of new wind-energy capacity in its response to the draft Integrated Resource Plan (IRP 2018) so as to close a three-year procurement gap in the current document. The Draft IRP 2018 was released on... 

Wind body to request smoothing of procurement profile in IRP submission
The Nojoli wind farm

August manufacturing production gains 1.3% on food and beverages

By: African News Agency      11th October 2018 Manufacturing production for August came in far better than the purchasing managers' index (PMI) for the same month had suggested, expanding 1.3% year-on-year from 2.8% in July. Statistics South Africa reported on Tuesday that manufacturing production increased by 1.3% in August 2018 compared... 

Equites reports solid growth in H1 distributions a share, strategic acquisitions

By: Marleny Arnoldi     11th October 2018 Despite a challenging economic climate, JSE-listed real estate investment trust Equites Property Fund's portfolio continued to perform well during the six months ended August 31, which translated into an 11.7% year-on-year growth in distributions a share. Distributions a share for the period... 

Cape vulture provides inspiration for homegrown vertical-axis wind turbine 

11th October 2018 A South African inventor has developed a new flexible wing, which he believes could have application in everything from wind energy and sailing to aviation and motoring. 

Cape vulture provides inspiration for homegrown vertical-axis wind turbine
Cape vulture provides inspiration for homegrown vertical-axis wind turbine

Opec sees weaker demand for its crude next year as rivals surge

By: Bloomberg     11th October 2018 Opec is under intense pressure right now from consumers to ease prices by pumping more crude, but for 2019 it sees a more doubtful picture. The cartel cut its estimate for global demand for its crude next year due to weakening economic growth and higher output from rivals, notably US shale... 

Funding to sustain road network insufficient – Sanral 

By: African News Agency      11th October 2018 The total estimated funding requirements to sustain South Africa's road network, including addressing backlogs in surfacing and capacity expansion, is nearly R120-billion, and the country's fuel levy provides insufficient funding, the CEO of the national roads agency has said. In remarks at a... 

Funding to sustain road network insufficient – Sanral
Photo by Creamer Media
Sanral CEO Skhumbuzo Macozoma

Nene rollercoaster takes Nomura from major rand bear to bull

By: Bloomberg     11th October 2018 Nhlanhla Nene has been dropped from South Africa’s cabinet twice in three years – and his misfortunes have been the catalyst that turned one of the biggest rand bears into one of the biggest bulls. As the currency declined this week amid speculation that Nene would resign as finance minister,... 

Govt, fuels industry mull alternative pricing framework for petrol 

By: African News Agency      11th October 2018 Government was considering capping the price of 93 unleaded petrol, Energy Minister Jeff Radebe said on Thursday. Radebe, who joined his communications counterpart, Nomvula Mokonyane, during the post-cabinet media briefing, said they were consulting the industry on the proposal. 

Govt, fuels industry mull alternative pricing framework for petrol
Energy Minister Jeff Radebe

Ramaphosa treads 'softly-softly' in South Africa power play 

By: Bloomberg     11th October 2018 President Cyril Ramaphosa is caught in an intricate game of political chess as he seeks to stamp his authority on the government while maintaining a semblance of party unity before elections next year. While his finance minister and political ally, Nhlanhla Nene, resigned Tuesday after lying... 

Ramaphosa treads 'softly-softly' in South Africa power play
Cyril Ramaphosa and Tito Mboweni

Packaging firm Mondi reports 30% rise in Q3 underlying profit

By: Reuters     11th October 2018 Packaging and paper group Mondi, reported a 30 percent increase in third-quarter underlying core profit, benefiting from higher average selling prices in some of its businesses. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to €466-million in the three... 

Political, economic uncertainty and perception of corruption cloud sentiment on SA – PwC

By: African News Agency      11th October 2018 Recent political and economic uncertainty, including the perception of corruption, have clouded investor sentiment in South Africa, auditing firm PricewaterhouseCoopers (PwC) said on Thursday. A PwC report said trade openness and the efficiency of government regulation were among the most... 

 Political, economic uncertainty and perception of corruption cloud sentiment on SA – PwC

Report error actually ranks S Africa 110 out of 162 in economic freedom  

By: Sane Dhlamini     11th October 2018 South Africa now ranks 110 out of 162 as an economically free country, according to the Economic Freedom of the World (EFW) index. The Free Market Foundation (FMF) revealed on Wednesday that South Africa had ranked 94 but an error in World Bank data, spotted and investigated by the FMF’s Eustace... 

Report error actually ranks S Africa 110 out of 162 in economic freedom

Hawks, NPA teams already at work on VBS fraud investigation 

By: News24Wire      11th October 2018 The final investigation report into the R1.8-billion fraud at VBS Mutual Bank released on Wednesday cannot be used as evidence to prosecute any individuals, but is serving as a "useful guide" to prosecutors and police investigators. This is according to National Prosecuting Authority spokesperson... 

Hawks, NPA teams already at work on VBS fraud investigation

South Africa gets $35bn in investment pledges towards $100bn goal

By: Reuters     11th October 2018 South Africa has investment commitments of $35-billion as part of plans by President Cyril Ramaphosa to attract $100-billion over the next five years to revive the country's flagging economy, his economic adviser told Reuters on Wednesday. Ramaphosa has appointed a team of investment envoys -... 

South Africa gets $35bn in investment pledges towards $100bn goal
Photo by Reuters
Trudi Makhaya

IMF warns African countries against spiraling levels of public debt

By: African News Agency      11th October 2018 The International Monetary Fund (IMF) on Wednesday warned African countries that their increasing indebtedness and failure to service their public debts was creating poverty for its citizens. Montfort Mlachila, senior resident representative for IMF in South Africa, said that countries like... 

One killed in explosion at Eskom power station

By: News24Wire      11th October 2018 An employee at the Lethabo Power Station in the Free State died and another was seriously injured in a "major incident" on Wednesday afternoon, Eskom said. The power utility said in a statement that police officials were on the scene at Unit 5 and emergency response teams had been activated. "The... 

AMSA seeks growth opportunities in sub-Saharan Africa amid muted domestic steel demand

By: Nadine James     10th October 2018 In light of weak domestic demand, ArcelorMittal South Africa (AMSA) has implemented a strategy to enhance its short-term profitability and cashflow, thereby, ensuring the business’ sustainability and positioning it to exploit growth in the sub-Saharan Africa region, says CEO Kobus Verster. During... 

 AMSA seeks growth opportunities in sub-Saharan Africa amid muted domestic steel demand
Photo by ARCELORMITTAL
ArcelorMittal Vanderbijlparjk Works

Tribunal confirms R99m settlement between commission, K-Line

By: Marleny Arnoldi     10th October 2018 The Competition Tribunal has confirmed a settlement agreement between the Competition Commission and Japanese car shipping company Kawasaki Kisen Kaisha (K-Line). The settlement comes after the commission initiated an investigation in 2012 against K-Line and other car shipping firms for... 

Divercity invests R2bn in Absa Towers, Jewel City redevelopments as part of inner city rejuvenation  

By: Tasneem Bulbulia     10th October 2018 Divercity Urban Property Fund is investing R2-billion in two redevelopment projects – the Absa Towers Main building and Jewel City – in Johannesburg, as part of its strategy to create thriving mixed-use inner city precincts. This investment is the largest into the Johannesburg central business... 

Divercity invests R2bn in Absa Towers, Jewel City redevelopments as part of inner city rejuvenation
Talis Property Fund chairman Tebogo Mogashoa outlines Divercity Urban Property Fund’s investment of R2-billion in the ABSA Towers Main building and Jewel City redevelopments for inner-city rejuvenation; and executive Mayor of the City of Johannesburg Herman Mashaba emphasises the city’s support for these projects. Video: Nicholas Boyd: Editing: Christo Greyling

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

BER counts cost to the South African economy of ‘lost years’ from 2010 to 2017

By: Marleny Arnoldi     10th October 2018 In marking the tenth anniversary of the largest financial crisis since the Great Depression, the Bureau for Economic Research (BER) has looked back at the performance of the South African economy between 2010 and 2017. Since the financial crisis, domestic real gross domestic product (GDP)... 

Jessie Duarte ‘keen’ to testify at State capture commission

By: Sashnee Moodley     10th October 2018 The ruling African National Congress’s (ANC’s) deputy general-secretary, Jessie Duarte, said on Wednesday that she was “very keen” to testify at the Commission of Inquiry into State Capture. Speaking at a media briefing around the ANC’s position on former Finance Minister Nhlanhla Nene’s... 

Jessie Duarte ‘keen’ to testify at State capture commission
ANC deputy general-secretary Jessie Duarte

FairPlay welcomes Minister’s fuel ethanol policy strategy, to host ethanol strategy conference in November  

By: Marleny Arnoldi     10th October 2018 Nonprofit organisation FairPlay has welcomed government’s decision to revive its biofuels strategy, stating that a mandatory bioethanol fuel blend will benefit the country through job creation, increased fixed investment, technology development and energy security, as well as expanded sugar... 

Consulting engineering sector’s confidence level falls to record low – Cesa

By: Marleny Arnoldi     10th October 2018 Consulting Engineers South Africa’s (Cesa’s) biannual economic and capacity survey has indicated positive news for the period January to June, noting that construction sector confidence had seen growth for the first time in six quarters. However, confidence levels in the consulting sector... 

Consulting engineering sector’s confidence level falls to record low – Cesa
CESA CEO Chris Campbell

AAD 2018 aerospace and defence exhibition reports attendance figures

By: Rebecca Campbell     10th October 2018 Africa Aerospace and Defence (AAD) reported on Wednesday that its 2018 edition (held from September 19 to September 23) received 32 538 trade visitors. The show was divided into three trade days and two public days, the latter being over the weekend of September 22 and September 23. The two... 

AAD 2018 aerospace and defence exhibition reports attendance figures
Photo of AAD 2018, taken from an altitude of 500 km by an Airbus Pleiades satellite, on the first of the trade days (Airbus Defence and Space)

DRC, Tanzania resource nationalist measures more extreme – Leon 

By: Martin Creamer     10th October 2018 The resource nationalist measures being implemented in the Democratic Republic of Congo (DRC) and Tanzania are significantly more extreme than those being adopted and even considered in most other African countries. One likely reason for this is that the DRC and Tanzania both suffer from... 

DRC, Tanzania resource nationalist measures more extreme – Leon
Photo by Creamer Media
Peter Leon

Blockchain tech coming to commodities, Masters tells LME

By: Bloomberg     10th October 2018 The blockchain is coming to commodity markets, Blythe Masters told guests at the London Metal Exchange annual dinner during LME Week. The virtual ledger technology underlying cryptocurrencies such as Bitcoin promises greater confidentiality, fewer paper exchanges, better provenance and a boost in... 

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