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Latest News

DA calls for each sector to have its own minimum wage

By: News24Wire      17th April 2018 The DA has rejected the idea of a "blanket, universal" minimum wage, calling for each sector to have its own minimum wage instead. DA leader Mmusi Maimane, policy head Gwen Ngwenya and labour spokesperson Michael Bagraim briefed the media on the party's policy outcomes adopted at its seventh... 

Nationwide bus strike to start on Wednesday

By: News24Wire      17th April 2018 A nationwide bus strike is set to start on Wednesday, the South African Road Passenger Bargaining Council (SARPBC) said on Monday. The strike will put at least 80% of the country's passenger buses on lock-down over a pay dispute. "The impact is going to be felt right across the republic," Gary... 

Cape Town's water plan is too narrow, says expert; advises long-term plan

By: News24Wire      17th April 2018 UCT academic Dr Kevin Winter says the City council's proposed 26.9% water price hike, which has drawn howls of protest from Capetonians, is not big enough to shift the city out of the water crisis in the long term. "I think the increase is not nearly enough. I am sure the City is going to have to... 

PIC rejects Aton's takeover offer for M&R

By: Reuters     17th April 2018 South Africa's Public Investment Corporation (PIC), the second-biggest shareholder in Murray & Roberts (M&R), said on Monday it had rejected an offer by Germany's Aton to acquire the engineering and construction firm. M&R's biggest shareholder German investor Lutz Helmig's Aton, which owns more... 

Ramaphosa team to seek $100bn investment for South Africa

By: Reuters     17th April 2018 South African President Cyril Ramaphosa appointed a team of business and finance experts on Monday to hunt the globe for $100-billion in investment to boost the ailing economy. The team of economic envoys includes two former finance ministers – Trevor Manuel and Pravin Gordhan, who now holds the... 

Ramaphosa team to seek $100bn investment for South Africa
Photo by Creamer Media
President Cyril Ramaphosa

Cosatu strongly rejects Eskom’s appeal for more money

By: Kim Cloete     16th April 2018 The Congress of South African Trade Unions (Cosatu) has rejected Eskom’s appeal to the National Energy Regulator of South Africa (Nersa) to recover its costs in the provision of electricity, calling it “unaffordable, unreasonable and unjustifiable”. “We have no faith in Eskom. We completely... 

AfriForum, TKAG welcome Shell’s indication to withdraw from shale gas exploration

By: Anine Kilian     16th April 2018 AfriForum and the Treasure THE Karoo Action Group (TKAG) view Shell South Africa’s indication of its intention to withdraw from shale gas exploration in the Karoo as a major victory for those who care about the environment, TKAG said in a statement on Monday. The Herald last week reported that... 

SAWEA workshops promote economic development in rural communities

By: Marleny Arnoldi     16th April 2018 A final workshop in a series hosted by the South African Wind Energy Association (SAWEA) brought together key representatives of the three constituencies concerned with economic development under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).  

Tokyo Steel to keep product prices steady in May

By: Reuters     16th April 2018 Tokyo Steel Manufacturing, Japan's top electric-arc furnace steelmaker, on Monday said it would hold product prices steady in May due to slow local demand. The decision marks three months of price freezes by the company. 

StayEasy Maputo opens in Mozambique

By: Simone Liedtke     16th April 2018 Hotel, gaming and entertainment group Tsogo Sun on Monday opened its newest offshore hotel property, StayEasy Maputo, in Mozambique. This addition to the Tsogo Sun Hotels portfolio will bring the group’s number of properties outside of South Africa to 11. This is the group’s third hotel in... 

StayEasy Maputo opens in Mozambique
Tsogo Sun on Monday opened its newest offshore hotel property, StayEasy Maputo, in Mozambique

Zambia shortlists five firms for majority stake in oil refinery

By: Reuters     16th April 2018 Zambia has short-listed five companies including Britain's Glencore Energy and Sahara Energy Resources to buy a majority stake in its only oil refinery, a state-owned firm said on Monday. The government-owned Industrial Development Corporation (IDC) has said it wants a strong strategic equity... 

ELB gets go ahead to start construction at Ngodwana biomass plant

By: Anine Kilian     16th April 2018 JSE-listed ELB’s ELB Engineering subsidiary, together with its project partner, KC Cottrell, has received notice to proceed with the building of a 25 MW biomass power plant for Ngodwana Energy following the successful bid in terms of the Renewable Energy Independent Power Producer Procurement... 

PPA signings open up a sustainable energy vision for South Africa, Africa – Juwi

By: Marleny Arnoldi     16th April 2018 The power purchase agreements (PPAs) signed by State-owned power utility Eskom earlier this month ended three years of waiting and uncertainty and it is a significant step towards a truly sustainable energy vision for South Africa and Africa as a whole, says solar energy equipment supplier Juwi.  

PPA signings open up a sustainable energy vision for South Africa, Africa – Juwi
A Juwi solar PV plant

Eskom kicks off public hearings by asking for R66.6bn

By: Kim Cloete     16th April 2018 Eskom has argued its case for the National Energy Regulator of South Africa (Nersa) to grant it the R66.6-billion it is claiming, including for unforeseen expenses and unrealised revenue for the past three financial years. An Eskom team on Monday kicked off countrywide public hearings in Cape... 

Eskom kicks off public hearings by asking for R66.6bn
Photo by Dylan Slater
Eskom interim CEO Phakamani Hadebe

Detailed design phase for R200m Durban cruise terminal to start this month

By: Shirley le Guern     16th April 2018 Transnet National Ports Authority and the KwaZulu Cruise Terminal (KCT) consortium on Monday officially signed an agreement that will see the construction of a R200-million-plus cruise terminal at the entrance to the Port of Durban.   The consortium, which is 70% owned by MSC Cruises, the largest... 

Detailed design phase for R200m Durban cruise terminal to start this month

4Sight to establish JV in China

By: Anine Kilian     16th April 2018 JSE-listed 4Sight Holdings has signed an agreement with Chinese company Shenzhen Rongmei Science and Technology (RM) to establish a 50:50 joint venture (JV) in China. 4Sight said in a statement on Monday that it aims to expand its business operations, opportunities and customer footprint in the... 

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Glencore releases all-embracing 117-page sustainability report
Glencore's Anna Krutikov

Government welcomes R&I’s improved currency debt rating for South Africa

By: Marleny Arnoldi     16th April 2018 The National Treasury on Monday welcomed capital market agency Rating and Investment Information’s (R&I’s) decision to affirm South Africa’s long-term foreign currency debt rating at BBB and its local currency debt rating at BBB+.  

New regional manager wants to extend Sanral’s cooperation with roads industry

By: Simone Liedtke     16th April 2018 The South African National Roads Agency Limited (Sanral) intends to extend its consultation and communication with industry players in the built and engineering environments to ensure a greater understanding of its strategic objectives. New manager for Sanral’s Northern Region Progress Hlahla... 

New regional manager wants to extend Sanral’s cooperation with roads industry
New manager for Sanral’s Northern Region Progress Hlahla

Four South African cities strive to make all new buildings zero-carbon

By: Simone Liedtke     16th April 2018 Residents and businesses moving into new buildings in Johannesburg, Cape Town, Durban and Tshwane will soon enjoy lower energy bills, and will generate fewer greenhouse-gas (GHG) emissions, reducing their climate change impact. High-efficiency energy performance requirements are being developed... 

DBSA appoints new CFO

By: Anine Kilian     16th April 2018 Boitumelo Mosako has been appointed CFO of development finance institution the Development Bank of Southern Africa (DBSA), effective April 1. Prior to joining the DBSA, she served as the CFO at the South African Bureau of Standards. 

KPMG South Africa reviewing work done by its partners

By: Reuters     16th April 2018 KPMG South Africa is reviewing work done by its partners in the wake of the resignation of two partners who faced disciplinary charges, its chief executive said on Sunday, another setback for the firm whose work is under scrutiny by authorities. CEO Nhlamulo Dlomu said the resignation of partners... 

Consol IPO may raise up to $415m

By: Reuters     16th April 2018 South African glass bottle maker Consol aims to raise up to $415-million via an initial public offering (IPO), it said on Monday, returning the firm to public markets after more than a decade in the hands of private equity groups The flotation, pencilled in for April 30, comes amid growing... 

South Africa set to play significant role in Congo potash project 

By: Martin Creamer     16th April 2018 South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion. Potentially one of the lowest operational cost potash projects in... 

South Africa set to play significant role in Congo potash project
Mining Weekly Online’s Martin Creamer interviewing Kore Potash’s Sean Bennett and Gavin Chamberlain. Photograph: Dylan Slater. Video and Video Editing: Nicholas Boyd.

Fairvest raises R250m in new equity

By: Anine Kilian     13th April 2018 JSE-listed real estate investment trust Fairvest has raised R250-million in new equity at R2.20 a share to finance the company’s Barra Precinct acquisition, which was announced in December. The transaction was heavily oversubscribed and the company increased the amount raised owing to strong... 

CEO confidence improves on better economic conditions, industry growth

By: Marleny Arnoldi     13th April 2018 Investment and business services provider Merchantec Capital’s CEO Confidence Index improved to 60 in the first quarter of this year, moving above the neutral 50-point mark for the first time since the first quarter of 2017.  

Alstom-led consortium to build complete driverless light metro system for Montreal

By: Marleny Arnoldi     13th April 2018 Groupe des Partenaires pour la Mobilité des Montréalais (PMM), a consortium comprising Alstom and SNC-Lavalin, has signed a contract with infrastructure developer CDPQ Infra to deliver a complete automatic and driverless light metro system for the Réseau Express Metropolitan (REM) project in... 

Alstom-led consortium to build complete driverless light metro system for Montreal
Montreal, Canada

Grit buys Mozambique property from Tradehold

By: Anine Kilian     13th April 2018 JSE-listed Grit Real Estate and Tradehold on Friday announced a $23-million Mozambique property transaction in which Grit would buy an A-grade corporate residential complex, known as Acacia Estate, in Maputo, from Tradehold. Grit has signed an agreement with Tradehold Africa, TC Maputo, Cognis 1... 

Nzimande appoints new PRASA board, acting CEO

By: Simone Liedtke     13th April 2018 Transport Minister Dr Blade Nzimande has appointed a new board of directors for the Passenger Rail Agency of South Africa (PRASA), led by chairperson Khanyisile Kweyama. The board members, who will serve an initial period not exceeding 12 months, also includes Sango Ntsaluba, Louis Wessie, Jenny... 

Nzimande appoints new PRASA board, acting CEO
PRASA chairperson Khanyisile Kweyama

Icasa tables discussion document for digital audio broadcasting services

By: Natasha Odendaal     13th April 2018 The Independent Communications Authority of South Africa (Icasa) has launched an inquiry to review and determine the prospects of digital sound broadcasting (DSB) services in South Africa. The inquiry also aims to unpack how the implementation of DSB – an audio broadcasting technology – could... 

Same-day delivery to be the norm by 2022, survey finds

By: Anine Kilian     13th April 2018 Manufacturers, transportation and logistics firms and retailers are moving to meet the growing needs of the on-demand economy, in which the online buying, smartphone-wielding consumer expects a seamless, faster purchasing journey, a global survey has shown. The ‘Future of Fulfilment Vision... 

Radebe lauds REIPPPP, Bepa’s role in transforming the energy sector

By: Marleny Arnoldi     13th April 2018 The signing, earlier this month, of power purchase agreements for 27 independent power producer (IPP) energy projects under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) supports an increase in black participation in the industry, as well as the creation of black... 

Radebe lauds REIPPPP, Bepa’s role in transforming the energy sector
Photo by Dylan Slater
Energy Minister Jeff Radebe

Anglo American, department launch ambitious education programme

By: Marleny Arnoldi     13th April 2018 Diversified miner Anglo American on Friday launched a new education programme, in partnership with the Department of Basic Education (DBE), which will improve outcomes for learners in 100 early childhood development sites and 100 primary and secondary schools that are local to the company’s... 

Sense of optimism for greater industrialisation in Africa prevails – DTI

By: Simone Liedtke     13th April 2018 Regardless of barriers to trade between African countries, Department of Trade and Industry (DTI) African integration and industrial development chief director Nigel Gwynne-Evans believes there is currently a sense of far greater optimism among heads of State that these issues can be overcome.... 

Rooftop PV system donated to Consulate of Italy in Cape Town

By: Simone Liedtke     13th April 2018 Multinational company Building Energy has donated a 3.12 kW off-grid solar photovoltaic (PV) rooftop power plant to the Italian consulate in Cape Town. The plant, comprising 12 PV panels, will generate about 5 MWh/y of energy, significantly decreasing the building’s carbon footprint through a... 

Rooftop PV system donated to Consulate of Italy in Cape Town
Cape Town-based Consul of Italy Alfonso Tagliaferri and Building Energy Africa and Middle East MD Matteo Brambilla

Tribunal approves PIC’s acquisition of a CPV special purpose vehicle

By: Marleny Arnoldi     13th April 2018 The Competition Tribunal has approved the Public Investment Corporation’s (PIC’s) acquisition of a controlling stake in concentrated photovoltaic (CPV) solar power plant Equity Special Purpose Vehicle (SPV), which is owned by German energy company Solitec Solar.  

Security drones taking off, but SA restrictions limit adoption

By: Dylan Slater     13th April 2018 Drones, otherwise known as remotely piloted aircraft systems, continue to gain a foothold in an increasing number of industries, with adoption rates in the safety and security industry growing worldwide. In fact, safety and security drone sales totalled $145-million in 2016, according to a market... 

Security drones taking off, but SA restrictions limit adoption

French interested in South Africa and offering opportunities to South Africa

By: Rebecca Campbell     12th April 2018 French companies are confident in the South African market and in its future, French Embassy Economic Counsellor William Roos assured South African journalists at a briefing on Thursday. He pointed out Some 400 French companies had already set up business in South Africa and others are interested... 

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