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Latest News

New fund to link aid, trade opportunities

2nd October 2002 The World Bank and the World Trade Organization (WTO) are establishing a new fund, called the Standards and Trade Development Facility, as part of their efforts to link aid to trade opportunities in the fight against poverty. 

SA’s trade surplus could rise to $46bn - economist

By: Martin Zhuwakinyu     2nd October 2002 This year’s four-day South African International Trade Exhibition (Saitex) started in Johannesburg yesterday, with SG Southern Africa chief economist Nico Czypionka, who delivered the keynote address at the official opening, predicting that South Africa will this year achieve a merchandise... 

Engineering group in empowerment deal

2nd October 2002 The South African unit of international power and automation technology group, ABB, has announced that it has concluded a partnership with Women's Investment Portfolio Holdings (WIPHOLD), a women-run and managed financial services group, to sell it a 20% share of the local holding company. 

SA auto sector’s competitiveness growing

1st October 2002 While world production of motor vehicles slumped 3,9% last year, South Africa’s production increased 13,9%. 

Port Elizabeth airport upgrade lifts off

1st October 2002 Major upgrades to the tune of R30-million have begun at the Port Elizabeth Airport terminal. This is in addition to metro Mayor Nceba Faku’s beautification project taking place in Alaistair Miller Drive alongside the airport. 

Port operator puts in strike contingency plan

1st October 2002 South African Port Operations (Sapo) last week announced its comprehensive contingency plan ahead of the two-day nationwide strike by the Congress of South African Trade Unions (Cosatu) planned for October 1 and 2. 

GM food fight delaying aid shipment

1st October 2002 Divergent views on gene-altered foods are delaying the shipment of food aid to millions of starving southern Africans, a senior official said on Sunday. 

SA not integrated into global supply chains

By: Terence Creamer     1st October 2002 South Africa is not yet deeply integrated into the global production processes of foreign companies currently operating in the country, a new study has found. 

Extension of geo indicators could undermine agri reform

By: Martin Czernowalow     1st October 2002 The South African Department of Trade and Industry (DTI) told Engineering News Online yesterday that it supports statements made by the US regarding a multilateral register for geographic indicators (GIs) – in that it should be voluntary and non-binding. 

Water resource strategy released for comment

By: Martin Czernowalow     1st October 2002 The Department of Water Affairs and Forestry (DWAF) has released a ‘Proposed National Water Resource Strategy’ for comment on August 8, and said the strategy could affect the way in which everyone in South Africa uses and values water. 

EU-ACP will boost North-South relations

1st October 2002 The Deputy Minister of Trade and Industry, Lindiwe Hendricks, welcomed the launch of the African, Caribbean and Pacific (ACP) – European Union (EU) negotiations today in Brussels. 

Steel group in court over pollution claims

1st October 2002 A South African High Court began hearing on Monday an application by families seeking a court order to stop giant steel producer Iscor from allegedly polluting their underground water sources. 

New 'green' diesel plans for Secunda

By: Martin Creamer     30th September 2002 South Africa's petrochemicals giant Sasol is considering establishing a gas-to-liquids (GTL) plant in South Africa, similar to those being built in Nigeria and Qatar, Engineering News can today report. 

Aluminium offset project established

30th September 2002 One of the participants in the National Industrial Participation Programme, the German Frigate Consortium, will be opening an aluminium factory tomorrow (October 1), as part of their contractual obligation to strengthen the South African economy through investments and exports. 

Oil giant strikes oil off Angola’s coast

30th September 2002 The largest publicly traded oil company, Exxon Mobil, on Thursday said it struck oil in the deep-waters off the coast of Angola, which has become one of the world's top exploration sites 

Aviation firm renews R300m contract with oil-spill groups

30th September 2002 Specialist value-added aviation leasing company in the Imperial Holdings group, Safair, has successfully renewed a contract valued at R300-million 

Regional power regulatory body formed

30th September 2002 The four founding members (Malawi, Namibia, South Africa and Zambia) of the Southern African Development Community (SADC) have announced the formation of the Regional Electricity Regulators’ Association (RERA) in Windhoek, Namibia, last week. 

New coach terminus plan for Pretoria

30th September 2002 Pretoria’s main luxury coach terminus will be relocating to new premises on the Pretoria Station precinct, it was announced last week. 

Rich nations should show leadership on trade

30th September 2002 Rich countries should support developing countries' efforts to reduce poverty and build more prosperous and stable societies, by removing obstacles that hinder poor countries' participation in world trade, World Bank Chief Economist Nicholas Stern said last week during a press briefing ahead of... 

Crude traders await W Africa tenders

30th September 2002 Trade in November West African crude was stalled on Thursday, as dealers said they were awaiting the results of tenders before embarking on serious discussion of the new programmes. 

Mbeki signs rail safety law

30th September 2002 South African President, Thabo Mbeki signed the proclamation of the National Railway Safety Regulator Act, 2002 (Act No. 16 of 2002) last week, in order to bring the Act into operation with effect from September 30 this year. 

Management fingered in sulpher discharge

30th September 2002 A comprehensive monitoring system for gas discharges from all industries at Richards Bay has been recommended in the report of an investigation panel into an incident at the Foskor plant on July 15 this year, in which 249 people – mainly commuters – were affected by an abnormal... 

Rich country trade policies hypocritical – World Bank

30th September 2002 The World Bank on Friday called the trade policies of the world's richest nations hypocritical and urged the reduction of such barriers to help alleviate global poverty. 

State, industry, labour in plastic bag agreement

27th September 2002 The Department of Environmental Affairs and Tourism, Business and Labour have signed a ground-breaking agreement on the management of plastic bags, taking forward South Africa's fight against waste while ensuring that measures taken to address the problem have a positive economic impact by... 

US makes ‘geographic indicators’ proposal

27th September 2002 The Office of the US Trade Representative (USTR) is promoting a proposed system of voluntary notification for protecting geographic names for wines and spirits it has submitted with some trading partners to World Trade Organization (WTO) negotiations. 

World Bank to recruit road engineers

27th September 2002 The World Bank is seeking Applicants for three positions that are likely to become available over the next 12 months. 

Targeted procurement strategy for Coega

27th September 2002 With construction and building operations now underway in the Coega Industrial Development Zone (IDZ), the Coega Development Corporation (CDC) has embarked on a series of targeted roadshows to inform the public about key elements of its Procurement Policy. 

World steel industry gathers next month

27th September 2002 The 36th annual conference of the International Iron and Steel Institute (IISI) will be held in Rome, Italy from October 6 to 9. 

Poverty goals off track – Wolfensohn

27th September 2002 A set of ambitious goals to cut global poverty in half by 2015 is ‘clearly’ off track and does not stand a chance of being met unless rich countries can fill a funding gap and agree to coordinate development policies better, World Bank head James Wolfensohn said. 

Steel maker fined over share trading

27th September 2002 The Johannesburg stock exchange said yesterday it had fined giant steel producer Iscor R200 000 ($19 000) for failing to disclose share dealings by its director Lakshmi Mittal on time. 

Big engineering empowerment announced

27th September 2002 Global specialist in energy and transport infrastructure, Alstom has announced a significant restructuring of its South African operations. 

Power utility releases business conduct policy

By: Martin Czernowalow     26th September 2002 South African power utility, the Eskom Group, has released its business conduct policy, which constitutes a significant part of its corporate governance and highlights its concern with all aspects of ethical management. 

China flexes muscles in urgent quest for oil

26th September 2002 China's rising oil imports and a reliance on Middle East crude are forcing it to hunt for more diverse suppliers and step up plans for a strategic oil reserve. 

Empowerment central in KZN waterfront project

26th September 2002 Previously disadvantaged individuals and emergent enterprises within the construction industry are set to benefit from the establishment of Durban's first waterfront leisure development, the 4 200 sq m R25,1-million Wilson's Wharf. 

EU parliament backs right to reject GM products

26th September 2002 Countries must have the right to reject genetically modified (GM) organisms, members of the European Parliament said on Tuesday. 

Mboweni defends rate hikes

26th September 2002 South African Reserve Bank Governor Tito Mboweni defended this year's four interest rate hikes on Wednesday, saying the alternative would have been ‘sledgehammer’ action later. 

Development corporation reports excellent results

By: Martin Czernowalow     26th September 2002 The Industrial Development Corporation (IDC) announced its financial results yesterday, reporting a much stronger financial position than expected. 

MIDP's long-term sustainability questioned

By: Martin Zhuwakinyu     25th September 2002 The Motor Industry Development Programme (MIDP) – introduced in 1995 partly to shift the focus of South Africa's erstwhile inward-looking vehicle-manufacturing sector on to the global market – has been hailed as a success, but speakers at a trade and industrial policy seminar last... 

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