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Latest News

Govt to invest R1.7bn to drive biodiversity economy, environmental protection

By: Marleny Arnoldi     27th August 2018 Government will invest R1.7-billion into the People and Parks Programme project, bioprospecting and the wildlife economy, through the Environmental Protection and Infrastructure Programme, over a period of three years. The investment forms part of the Operation Phakisa Biodiversity Economy... 

Basil Read CFO resigns

By: Marleny Arnoldi     27th August 2018 JSE-listed Basil Read CFO and FD Pieter van Buuren has resigned, effective September 21, to pursue other interests. The board will make an announcement on the appointment of a new CFO in due course.  

Small Styx SUV, revived Atos to push Hyundai sales in 2019

By: Irma Venter     27th August 2018 Hyundai Automotive South Africa (HASA) aims to grow sales from the roughly 38 000 units expected this year, to about 45 000 units in 2019, says HASA sales and operations director Stanley Anderson. HASA could very well achieve this 18% growth aspiration, as it is about to launch a raft of new... 

Small Styx SUV, revived Atos to push Hyundai sales in 2019
The Hyundai Kona

No new nuclear in IRP update as time horizon is trimmed to 2030 

By: Terence Creamer     27th August 2018 Energy Minister Jeff Radebe released the much-anticipated draft updated Integrated Resource Plan (IRP) for public comment on Monday, offering stakeholders 60 days to provide written feedback.   The comment period was extended from the 30 days initially envisaged after a meeting of the National... 

No new nuclear in IRP update as time horizon is trimmed to 2030
Energy Minister Jeff Radebe

President Ramaphosa to host UK Prime Minister May 

By: African News Agency      27th August 2018 President Cyril Ramaphosa will on Tuesday host British Prime Minister Theresa May on a working visit to South Africa.  "The working visit follows bilateral meetings between President Ramaphosa and Prime Minister May during the Commonwealth Heads of Government Meeting (CHOGM) in London from 19 to... 

 President Ramaphosa to host UK Prime Minister May
President Cyril Ramaphosa & British Prime Minister Theresa May

India, China agree to expand military ties after defence talks

By: Reuters     24th August 2018 India and China have agreed to expand their military ties and enhance interaction to ensure peace on their common border, India said after a meeting between the old rivals’ defence ministers. Relations between the Asian giants were strained last year over a 73-day military face-off in a remote,... 

Graskop Gorge Lift Centre to boost Mpumalanga tourism

By: Simone Liedtke     24th August 2018 Tourism Minister Derek Hanekom on Friday officially opened the Graskop Gorge Lift Centre, which features a viewing lift that travels 51 m down the face of the Graskop Gorge, located along the Panorama route, in Mpumalanga. The Panorama route is a popular tourist destination in the province,... 

Graskop Gorge Lift Centre to boost Mpumalanga tourism

Integrated Resource Plan to be released on Monday, Radebe confirms

By: African News Agency      24th August 2018 The release of the updated Integrated Resource Plan (IRP) will go ahead on Monday, Energy Minister Jeff Radebe has confirmed. Radebe tweeted on Friday that the long-awaited energy update was under discussion at the National Economic Development and Labour Council (Nedlac) but would be posted on... 

Integrated Resource Plan to be released on Monday, Radebe confirms
Energy Minister Jeff Radebe

New bridge to improve access to Brackengate 2 logistics park

By: Creamer Media Reporter      24th August 2018 JSE-listed diversified real estate investment trust (Reit) Redefine Properties and VDMV Property Group on Friday officially opened the newly improved Cilmor road bridge over the R300. The bridge, which was completed in August, was built at a cost of R27-million and is expected to further improve... 

New bridge to improve access to Brackengate 2 logistics park

Private equity model for newly opened Lesotho Mergence branch

By: Marleny Arnoldi     24th August 2018 Specialist boutique asset manager Mergence Investment Managers has opened a licensed subsidiary in Maseru, Lesotho, where it aims to offer an innovative approach to private equity. Mergence Lesotho MD Semoli Mokhanoi said in a statement that the company has adapted and tailored the traditional... 

National Health Insurance will succeed, ensure universal healthcare for South Africans – Ramaphosa 

By: African News Agency      24th August 2018 Government’s ambitious National Health Insurance (NHI) scheme is bound to succeed and deal a blow to South Africa’s “racialized, two-tier health system sustained on the basis of uneven distribution of resources”, President Cyril Ramaphosa said on Friday. Ramaphosa was speaking in Pretoria at a... 

M2 Kaserne bridge to be closed for repairs

By: Marleny Arnoldi     24th August 2018 The Johannesburg Roads Agency (JRA) will close a section of the M2 Kaserne bridge on August 25, owing to the reduced structural integrity of the concrete elements. While undertaking continuous monitoring at the M2 Kaserne bridge, JRA engineers realised that parts of the support structure have... 

Uncertainty over land expropriation to deter investment – IHS Markit

By: Marleny Arnoldi     24th August 2018 The threat of land expropriation without compensation (EWC) is likely to deter investment up until the 2019 elections and a while afterwards, says global information provider IHS Markit. “Uncertainty over property rights is likely to deter fixed investment, limit government revenue and lower... 

International research team discovers two new Chinese dinosaurs

By: African News Agency      24th August 2018 An international research team on Thursday, announced the discovery of two new Chinese dinosaurs – the Bannykus and the Xiyunykus – both alvarezsaurs, an enigmatic group of theropod (meat-eating) dinosaurs. “Alvarezsaurs are weird animals,” said Professor Jonah Choiniere from the University of... 

More black farmers needed in a sustainable and orderly way – AgriSA  

By: African News Agency      24th August 2018 Farm group AgriSA says the solution to the country's heated land expropriation debate is to provide land for urban housing, industrialisation and farming, while more black farmers should be introduced in a sustainable and orderly way. AgriSA president Dan Kriek said the political solution was... 

More black farmers needed in a sustainable and orderly way – AgriSA
AgriSA president Dan Kriek

MetPac-SA CEO receives international packaging accolade

By: Marleny Arnoldi     24th August 2018 Metal packaging industry body MetPac-SA CEO Kishan Singh has been awarded the designation “certified packaging professional” (CCP) by the US-based International Institute of Packaging Professionals (IoPP). Singh, who is a global ambassador of the World Packaging Organisation and a national... 

MetPac-SA CEO receives international packaging accolade
MetPac SA CEO Kishan Singh

Bridgestone to move into new Waterfall head office in 2019

By: Irma Venter     24th August 2018 Bridgestone South Africa will move into its new head office, located in the growing Waterfall City commercial node between Johannesburg and Pretoria, in February next year. The tyre manufacturer’s new headquarters will occupy 4 800 m2 and accommodate a staff complement of more than 200. 

Bridgestone to move into new Waterfall head office in 2019
Bridgestone brick laying ceremony at the Waterfall precinct

Maimane asks Ramaphosa to table terms, conditions of R33bn Eskom-China loan in Parliament

By: African News Agency      24th August 2018 Main opposition Democratic Alliance leader Mmusi Maimane said on Friday he had written to President Cyril Ramaphosa requesting that he table in Parliament within 14 days, the full terms and conditions of a R33-billion loan agreement state power firm Eskom recently signed with the Chinese... 

Western Cape govt says R650m roadworks delayed as main contractor in business rescue

By: African News Agency      24th August 2018 The Western Cape provincial government, run by the main national opposition Democratic Alliance, said on Friday a R650-million roadworks project currently underway between Ashton and Montagu had been delayed because the main contractor Basil Read was in business rescue. The Western Cape... 

Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

By: Reuters     24th August 2018 Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday. Under the deal, approved by Ghanaian lawmakers last month, China's... 

2018 motoring costs highest to date, says WesBank

By: Irma Venter     24th August 2018 The average monthly cost of motoring has increased by about R940, or 14% in the last year, and a whopping 31% since 2013, this according to the latest data from vehicle and asset finance specialist WesBank. Despite prevailing interest rates remaining at low levels and favourable vehicle price... 

2018 motoring costs highest to date, says WesBank

Mcebisi Jonas to take stand in State capture inquiry

By: News24Wire      24th August 2018 Former deputy finance minister Mcebisi Jonas is expected to address the commission of inquiry into State capture on Friday. Jonas claimed that the Gupta family offered him an initial R600 000 cash, and then R600-million to be given later, if he accepted the job of finance minister. He was... 

Mcebisi Jonas to take stand in State capture inquiry
Photo by Reuters
Former Finance Minister Mcebisi Jonas

Auto thought leader on need to build Tier 2 and 3 suppliers as local content falls

By: Irma Venter     24th August 2018 The South African automotive industry is eagerly awaiting the announcement of the details of government’s new support programme, the Automotive Masterplan, which is set to guide the industry’s investment activities from 2020 to 2035. The masterplan will perhaps be South Africa’s most challenging... 

Auto thought leader on need to build Tier 2 and 3 suppliers as local content falls

Creecy concerned about lack of infrastructure spending

By: African News Agency      23rd August 2018 Gauteng Finance MEC Barbara Creecy on Thursday raised her concerns about the negative impact on the quality of public facilities and job creation caused by poor spending of infrastructure budgets by municipalities in the province. During a meeting with MMCs of Finance from all municipalities in... 

Massmart cautiously optimistic about consumer demand

By: Simone Liedtke     23rd August 2018 Despite a difficult and deteriorating consumer environment, retail property group Massmart Holdings’ total sales for the 26-week period of R41.6-billion represented an increase of 1.9%, with comparable store sales increasing by 0.2% in the six-month period to June 30. While economic conditions in... 

Nothing comes before safe production – Sibanye-Stillwater 

By: Martin Creamer     23rd August 2018 Precious metals mining company Sibanye-Stillwater on Thursday spent the most part of its half-year presentation of financial results reiterating ongoing commitment to safe production and taking safety to the next level. The Johannesburg- and New York-listed company, which reported 26%-higher... 

Nothing comes before safe production – Sibanye-Stillwater
Sibanye-Stillwater CEO Neal Froneman’s half-year presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd

Two solar plants opened in Namibia

By: Marleny Arnoldi     23rd August 2018 Two solar plants, Ejuva One and Ejuva Two, were opened in Gobabis, Namibia, by Deputy Minister of Mines and Energy Kornelia Shilunga, on Thursday. She said Ejuva will help to diversify Namibia’s energy mix, increase generation capacity and reduce carbon emissions. “We are particularly pleased... 

Two solar plants opened in Namibia
Ejuva solar project in Gobabis, Namibia

South Africa hosts first National Talanoa Dialogue to discuss climate change mitigation measures

By: Marleny Arnoldi     23rd August 2018 Climate change is a key challenge and poses the single biggest threat to development, with its widespread and unprecedented impacts that disproportionately burden the poorest and most vulnerable, Environmental Affairs Minister Edna Molewa said on Thursday at the opening of the South African... 

South Africa hosts first National Talanoa Dialogue to discuss climate change mitigation measures
Photo by Creamer Media
Environmental Affairs Minister Edna Molewa

Eskom expects to reduce staff by 15% in five years

By: Reuters     23rd August 2018 South Africa's State-run power utility Eskom expects to have 7 000 less staff in five years from now, a senior manager at the utility that is struggling to emerge from a financial crisis said on Thursday. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more... 

Transnet results eclipsed by irregular expenditure, qualified audit 

23rd August 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Transnet’s latest financial results, which revealed an increase in its irregular expenditure to more than R8-billion, as well as the serious divisions between the Transnet board and the group's executives. 

Transnet results eclipsed by irregular expenditure, qualified audit
Transnet results eclipsed by irregular expenditure, qualified audit

Eskom begins stakeholder interactions on ‘Strategy 2035’ 

By: Terence Creamer     23rd August 2018 South Africa’s electricity utility Eskom has initiated a series of interactions with stakeholders as part of a review process designed to deliver a new long-term strategy, dubbed ‘Strategy 2035’, for the beleaguered organisation. The new leadership at the State-owned company, together with Public... 

Eskom begins stakeholder interactions on ‘Strategy 2035’

Icasa eyes market review notice by September, lists first priorities

By: Natasha Odendaal     23rd August 2018 The Independent Communications Authority of South Africa (Icasa) on Thursday said it would likely announce the start of a market inquiry into the identified priority markets that may require regulation intervention by the first week of September. Speaking during a roundtable at the Icasa... 

Veolia opens export-competitive factory in Ekurhuleni 

23rd August 2018 Veolia Water Technologies South Africa has opened a chemical production facility in Pomona, Kempton Park that is set to export to Veolia’s clients throughout Africa, owing to its competitive costs of production compared with other Veolia chemical production facilities. 

Veolia opens export-competitive factory in Ekurhuleni
Veolia opens export-competitive factory in Ekurhuleni

South African watchdog approves Glencore's bid for Chevron assets

By: Reuters     23rd August 2018 South African competition watchdog has given Glencore's bid worth roughly $900-million for Chevron's local and Botswana assets the green light, it said on Thursday. But the Competition Commission placed a number of conditions on its approval, including the preservation of jobs after the deal and... 

South Africa’s private equity performance remains steady

By: Simone Liedtke     23rd August 2018 The RisCura-Southern African Venture Capital and Private Equity Association (Savca) ‘South African Private Equity Performance’ report for the first quarter of this year shows that long-term private equity returns remain steady, with the ten-year rand internal rate of return (IRR), the headline... 

M&R expects more than 50% increase in FY18 earnings

By: Simone Liedtke     23rd August 2018 Engineering and construction group Murray and Roberts (M&R) expects to report diluted headline earnings per share (HEPS) from continuing operations of between 110c and 114c for the financial year ended June 30. This represents a 53% to 58% improvement on diluted HEPS of 72c reported for the 2017... 

Empowered company offering bunkering services at Algoa Bay port

By: Marleny Arnoldi     23rd August 2018 Black, women-owned company South African Marine Fuels (SAMF) has started providing bunkering services in Algoa Bay, in the Eastern Cape, making the port a leading bunker and ship repair service provider to a wider market and the only licensed offshore bunkering operation in South Africa. SAMF... 

Cabinet approves gazetting of updated IRP for public comment 

By: Anine Kilian     23rd August 2018 Communications Minister Nomvula Mokonyane confirmed on Thursday that Cabinet has approved the publication of the updated Integrated Resources Plan (IRP) and that it will be gazetted for comment by no later than August 27. Briefing media on the outcomes of the Cabinet meeting held on Wednesday,... 

Cabinet approves gazetting of updated IRP for public comment

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