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Latest News

Sacob wants ports to pick up costs of delays

By: Deborah Spicer     15th November 2002 The South African Chamber of Business (Sacob) is in negotiations with South African Ports Operations (Sapo) about who should pick up the tab for ship delays in Durban harbour, Sacob director of policy Peggy Drodskie reports. 

Ports policy fuzzy on scope of competition

     15th November 2002 Several forms of competition are possible within and between the various ports in South Africa, but the Draft Ports White Paper fails to explicitly recognize these types of competition, and the draft policy is inadequate to that extent said Competition Commission chief economist Geoff Parr in a... 

Good progress on $1,2bn SA-Moz gas project

     15th November 2002 Petrochemicals group Sasol is making rapid progress with the development of the Temane gas field and construction of the Central Processing Facility near Vilanculos in Mozambique, from where natural gas will be piped over 865 km to Secunda in South Africa. 

Strong earnings, prospects for Barloworld

     15th November 2002 South Africa's Barloworld reported yesterday a 24,6% surge in 2002 profits, reaping the rewards of its value-based management strategy, and said it expected further growth in 2003. 

World Summit budget exceeded by 13%

By: Irma Venter     15th November 2002 The World Summit on Sustainable Development (WSSD) held earlier this year might cost the taxpayer more than anticipated. 

SA plans farm insurance against disasters

     15th November 2002 South Africa will establish an insurance scheme to protect farmers against disasters, including a brewing El Nino weather pattern that threatens to fuel a regional food crisis, the agriculture minister said on Wednesday. 

Forestry firm acquires two sawmills

     15th November 2002 JSE-listed Yorkcor has acquired the assets of two established sawmills in the Piet Retief area of Mpumalanga for R6,45-million. 

Rail company reports success in famine-relief effort

     15th November 2002 A recent famine-relief project, undertaken by Spoornet, Botswana Railways and the National Railways of Zimbabwe, to transport 10 000 t of maize from South Africa to Bulawayo recorded the fastest turnaround times ever experienced on the Botswana corridor. 

Engineering sector grasps illiteracy nettle

     15th November 2002 The Manufacturing, Engineering and Related Services Education and Training Authority (Merseta), on which SEIFSA is represented, has launched a nationwide initiative to assist companies to tackle the literacy and numeracy problems of their workforce. 

US holds Agoa up as model

     15th November 2002 US Secretary of Commerce, Don Evans, yesterday praised the African Growth and Opportunity Act (Agoa) as an "economic model" to encourage new investments, jobs and trade. 

Cahora Bassa power flows, talks continue

By: Martin Zhuwakinyu     15th November 2002 Electricity company Hidroel 

Energy Africa says Petronas takeover fails

     15th November 2002 Small South African oil firm Energy Africa said on Friday a hostile takeover bid by Malaysia's Petronas had failed after an insufficient number of minority shareholders accepted the offer. 

Zim economy shrinks 11,9% in 2002

     15th November 2002 Zimbabwean Finance Minister Herbert Murerwa said on yesterday the southern African country's economy would contract by 11,9% in 2002, painting an even bleaker picture than analysts had expected. 

African energy fund should be running by year end

     14th November 2002 It is anticipated that the African Energy Fund - a joint initiative by State power utility Eskom, the Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC), to support energy-related projects in Africa - will be up and running by the end of the year. 

World Bank backs E Cape power project

     14th November 2002 A R100-million clean power generation plant is to be established in Kouga in the Eastern Cape. 

Soweto water upgrades initiated

     14th November 2002 Johannesburg Water (JW), the water and sanitation service provider for the city of Johannesburg, has initiated yet another project aimed at improving water supply provision in Soweto. 

Gripen offers Poles €8bn fighter deal offset

     14th November 2002 The Anglo-Swedish joint venture making the Gripen fighter jet said yesterday Poland would get €8-billion worth of offset business if it chose the Gripen, in a $3,5-billion tender competition for 48 multi-role fighters. 

World Bank launches carbon fund

     14th November 2002 A new carbon fund, launched by the World Bank last week, will create an unprecedented opportunity for the poorest farmers and rural communities all over the developing world. 

Gauteng agency embarks on global export drive

     14th November 2002 The Gauteng Economic Development Agency (GEDA) has announced the launch of the GEDA Export Promotion Programme, which was developed in line with GEDA’s mandate to increase the export potential of Gauteng Province’s locally manufactured products, thereby bringing South African-based... 

E Guinea distances itself from oil-cap claim

     14th November 2002 Equatorial Guinea distanced has itself from statements that it wanted to cap its oil output, saying it needed more field developments to extend flow rates beyond 2005. 

Indian oil group enters Sudan

     13th November 2002 Sudan this week said it had picked a state-owned Indian oil company to replace Canada's Talisman Energy in its oil sector, because it would be less vulnerable to criticism from non-government organisations. 

SA telecoms group requests 9,5% tariff increase

By: Martin Czernowalow     13th November 2002 South African State-owned telecommunications company, Telkom, announced its tariff adjustments for 2003 at a media briefing in Johannesburg yesterday, with the result that consumers will be paying an additional 9,5% for the company’s regulated basket of service. 

Focus on corruption at engineers’ gathering

     13th November 2002 Corruption – which undermines development, reverses economic growth, rewards the incompetent and the dishonest and works against poverty alleviation – must be stamped out, and consulting engineers have an important role to play in addressing this crucial issue. 

R100m prepayment contract awarded

     13th November 2002 Durban-based company, Conlog has been awarded a massive 80% of the total Eskom National Contract for the supply of prepayment metres for 2002/03, valued at over R100-million. 

Canada’s trade minister to visit SA

     13th November 2002 One of the largest trade missions from Canada to the African continent will visit South Africa from November 16 to 20. 

SA development model exported to Tanzania

     13th November 2002 The South African-based Small Business Project (SBP) exported its development model to Tanzania last year, as the first of several country programme-ventures into sub-Saharan Africa. 

Taxi recap’s scrapping allowance may exceed R4bn

By: Irma Venter     12th November 2002 The long-awaited taxi-recapitalisation project has made progress towards implementation – this amidst comment that the scrapping allowance initially estimated may now prove insufficient, and that the price tag on the project may soar to well beyond R20-billion. 

Talks on tooling fund continue

By: Martin Czernowalow     12th November 2002 Discussions regarding the period of Iscor’s contribution to, as well as the administration and management of the Automotive Tooling Fund are still in progress, the South African steel giant tells Engineering News Online. 

Optimism ahead of brand-manager’s results

     12th November 2002 South Africa's Barloworld is poised to report a 28,3% jump in earnings for the 2002 financial year, buoyed by rand depreciation and a strong performance by its cement subsidiary, analysts said last week. 

Cape to host small business week

By: Jill Stanford     12th November 2002 The City of Cape Town, in partnership with the Western Cape Provincial Administration, Wesgro, the private sector and NGOs will be hosting Small Business Week 2002 from November 18 to 22. 

SA hands over patrol boats to angola

     12th November 2002 Three Angolan patrol boats, that were refurbished and revamped by a Cape Town-based boat building company, Farocean Marine, were handed over to the Angolan Consul-General Mario Leonel Correia during a ceremony yesterday. 

Nominees sought for techno awards

     12th November 2002 The National Science and Technology Forum (NSTF) is launching the 5th call for nominations for the highly-acclaimed NSTF Science and Technology Awards for 2002 – an event in which the NSTF assertively prides itself. 

R105m for Mpumalanga roads, water, sanitation

     12th November 2002 Mpumalanga's financial situation is so healthy that it can afford to allocate R105-million for road repairs, rural sanitation and water provision across the province, Premier Ndaweni Mahlangu announced. 

Engineering giant chops earnings goals

     12th November 2002 Ailing engineering group ABB slashed profit goals for the next three years last week and vowed to more than halve its total debt in a drastic overhaul that could lead to more than 10 000 redundancies. 

Erwin to attend trade meet in Sydney

     12th November 2002 The Minister of Trade and Industry, Alec Erwin, will attend an informal World Trade Organisation (WTO) ministerial meeting in Sydney from 14-15 November 2002. 

World Cup 2003: It's not just cricket

By: Deborah Spicer     11th November 2002 In February and March, spectators from around the world will file into South African, Zimbabwean and Kenyan cricket venues to support their teams’ attempts to win the much-coveted title of International Cricket Council World Cup holder. 

African regulators establish forum

     11th November 2002 The formalisation of the African Forum for Utility Regulators (AFUR) took place in Tshwane (Pretoria) last week. 

Consulting engineers announce president

     11th November 2002 The executive chairperson of one of South Africa’s foremost independent consulting engineering and project management practices – PD Naidoo & Associates – Dempsey Naidoo was elected president at the South African Association of Consulting Engineers (SAACE) annual general meeting... 

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