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Latest News

Erin Energy starts drilling at Oyo-9 well

By: Creamer Media Reporter      14th August 2017 Oil and gas exploration and production company Erin Energy Corporation has started drilling of the Oyo-9 well, offshore Nigeria. The well is being drilled with the Pacific Bora sixth-generation drilling rig and is expected to take about 62 days to complete. 

Seifsa calls on govt to protect local manufacturers from cheap imports

By: Anine Kilian     14th August 2017  Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Kaizer Nyatsumba says government should consider additional measures to protect local metals and engineering manufacturers from subsidised imports.   The influx of cheaper imports, he noted in a statement on Monday, had... 

Aveng Infraset builds new concrete roof tile factory in KZN

By: Creamer Media Reporter      14th August 2017 Full-scale production at Aveng Infraset’s under-construction multimillion-rand concrete roof tile manufacturing facility, in Effingham, Durban, is scheduled to start in January. Construction of the factory, which will ultimately employ 17 people, started in June and is expected to be completed by... 

AfDB’s sustainable energy fund to support first utility-scale solar PV project in Lesotho

By: Mia Breytenbach     14th August 2017 The African Development Bank- (AfDB-) managed Sustainable Energy Fund for Africa (Sefa) has approved a $695 500 grant to NEO I SPV, a subsidiary of independent power producer OnePower Lesotho, to support the preparation of a bankable business case for the development of the winning project of the... 

AfDB’s sustainable energy fund to support first utility-scale solar PV project in Lesotho

No fireworks expected for 2018 SA, sub-Saharan new-vehicle markets

By: Irma Venter     14th August 2017 The 2017 new-vehicle market will probably end the year “slightly up” on 2016, says Toyota South Africa Motors (TSAM) CEO Andrew Kirby. TSAM’s forecast is for a market of 552 000 vehicles in 2017, compared with 547 000 units in 2016. At 555 000 units, 2018 does not hold much promise, either. 

No fireworks expected for 2018 SA, sub-Saharan new-vehicle markets

Highveld to pursue safeguard protection on heavy structural steel products 

By: Terence Creamer     14th August 2017 Highveld Steel, which recently reopened its heavy structural mill in Mpumalanga despite still being in business rescue, has welcomed the institution of 10% import-duty protection on certain heavy steel sections and shapes. However, CEO Johan Burger tells Engineering News Online that Highveld... 

Highveld to pursue safeguard protection on heavy structural steel products
Photo by Duane Daws
Highveld's recently reopened structural mill

Unisa SBL professor appointed Ghana PPA chairperson, to aid in supply chain management

By: Mia Breytenbach     14th August 2017 The University of South Africa (Unisa) Graduate School of Business Leadership’s (SBL’s) first-ever professor extraordinaire for supply and value chain management in Africa Professor Douglas Boateng has been appointed independent chairperson of the Public Procurement Authority (PPA) by Ghana... 

Unisa SBL professor appointed Ghana PPA chairperson, to aid in supply chain management
University of South Africa Graduate School of Business Leadership professor extraordinaire for supply and value chain management in Africa Professor Douglas Boateng

Eskom electrifies 800 households in Klipheuwel community

By: Anine Kilian     14th August 2017 State-owned Eskom is aiming to achieve universal access to electricity by 2020 and more than 4 000 new households across the Western Cape have been connected to the grid since January.   Cape Town executive mayor Patricia de Lille officially switched on electricity for close to 800 households in... 

Vadi lifts suspension on Soweto taxi routes

By: News24Wire      14th August 2017 The suspension of the Witwatersrand African Taxi Owners Association's (Wata) operating rights in Soweto has been lifted, Gauteng Transport MEC Ismail Vadi said on Monday. "I intend lifting the extraordinary measures instituted on 13 July that were extended to Wata, which were aimed at normalising... 

Suspected avian flu outbreak in Western Cape

By: Natasha Odendaal     14th August 2017 Two ostrich farms in the Heidelberg area of the Western Cape have been placed under quarantine as authorities work to determine the possibility of an outbreak of the now widely-spread H5N8 avian influenza. The Western Cape Department of Agriculture is leading the investigations to confirm if the... 

Computer thieves hit Competition Commission

By: African News Agency      14th August 2017 Daring thieves broke into the offices of the Competition Commission and stole two laptops from the division that investigates cartels. Sipho Ngwema, the head of communications at the Competition Commission, revealed at the weekend  that there was a “security breach” at the offices of statutory body. 

JRA seeks new MD as Phillips resigns

By: Creamer Media Reporter      14th August 2017 The Johannesburg Roads Agency (JRA) is on the hunt for a new MD following the resignation of Dr Sean Phillips, effective August 8. JRA CFO Goodwill Mbatha will assume the role of acting MD until a successor for Phillips, who held the role since May 2016, is appointed. 

Egypt to reduce imports of LNG to 80 cargoes in 2017/18 year

By: Reuters     14th August 2017 Egypt is planning to import 80 cargoes of liquefied natural gas during the 2017/18 financial year that began in July, Petroleum Minister Tarek El Molla told Reuters on Sunday, down from the 118 cargoes imported last year. Egypt has been trying to speed up the development of recent gas discoveries... 

Egypt streamlines industrial licensing to boost investment

By: Reuters     14th August 2017 Egypt announced executive regulations on Sunday for a new industrial licensing law it says will slash bureaucracy and decrease the waiting time for new projects, reforms it hopes will draw badly needed investment. Egypt's economy has struggled since a 2011 uprising drove tourists and investors... 

Zambia's CEC confirms reduced power supply to Glencore's copper miner

By: Reuters     14th August 2017 Copperbelt Energy Corp (CEC), Zambia's main supplier of power for its mines, confirmed on Sunday that it has restricted the amount of electricity it supplies to Glencore unit Mopani Copper Mines (MCM) because of a dispute over tariffs. Mopani said on Saturday that it has suspended operations in... 

Zambia's CEC confirms reduced power supply to Glencore's copper miner

City of Johannesburg aims to make billing woes 'history'

By: News24Wire      14th August 2017 The City of Johannesburg declared its ''Billing Open Day'' on Saturday a resounding success, and promised to get rid of the backlog of over 17 000 billing disputes soon. This was after officials from the City of Johannesburg, notorious for its billing problems, set up shop at Mark's Park in... 

City of Johannesburg aims to make billing woes 'history'
Johannesburg Mayor Herman Mashaba

Outa commends Nersa’s decision on Eskom secrecy application

By: Anine Kilian     11th August 2017 The Organisation Undoing Tax Abuse (Outa) has welcomed the National Energy Regulator of South Africa’s (Nersa’s) decision to overrule State-owned Eskom’s application to omit some of its operating costs during its next multiyear price determination (MYPD) tariff application. Eskom had applied to... 

EDGE certification system to boost residential green building investment

By: Natasha Odendaal     11th August 2017 The innovation that has been working quietly in the background for some years aiding the cost-effective, simple and fast certification of the residential green building sector was profiled at Drivelines Studios, on Friday. In a breakthrough in the South African market, Edge, an International... 

Britain's Tullow launches oil, gas exploration in Zambia

By: Reuters     11th August 2017 British company Tullow Oil on Friday started exploring for oil and gas in Zambia, Africa's No.2 copper producer, as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Copper mining earns Zambia more than 70% of its foreign exchange but the southern... 

Balwin Properties partners with SolarAfrica

By: Anine Kilian     11th August 2017 JSE-listed Balwin Properties has partnered with renewable energy provider SolarAfrica to incorporate solar energy at two of its upmarket developments. The Kikuyu development, in Midrand, and The Whisken development, in Johannesburg, are one of the first developments in South Africa to offer... 

Growthpoint Properties a step closer to wholly owning N1 City Mall

By: African News Agency      11th August 2017 JSE-listed Growthpoint Properties got one step closer to acquiring N1 City Mall from Redefine Properties after the Competition Commission recommended to the Competition Tribunal that its proposed merger be approved without conditions. The 64 000 m2 N1 City Mall, with over 140 stores, is situated... 

Sea Harvest invests in new trawler

     11th August 2017 JSE-listed Sea Harvest has acquired a new freezer trawler from Icelandic fishing company HB Grandi for $13.5-million. The MV Therney trawler was built in the Sterkoder yard in Norway. 

US Embassy welcomes new Consul General to Cape Town

     11th August 2017 Consul General Virginia Blaser has been appointed to lead the Consulate General in Cape Town. “Consul General Blaser brings extensive experience from across the continent, where she led key US embassies, promoting trade and investment, empowering women and young leaders, and supporting... 

US Embassy welcomes new Consul General to Cape Town
Virginia Blaser

Eskom given 30 days to meet Nersa requirements for 2018 tariff application 

By: Terence Creamer     11th August 2017 The National Energy Regulator of South Africa (Nersa) has refused Eskom’s request to deviate from key aspects of the multiyear price determination (MYPD) methodology, as well as the minimum information requirements for a tariff application (MIRTA) and has given the utility until the end of August... 

Eskom given 30 days to meet Nersa requirements for 2018 tariff application

Brics development bank confirms Treasury DG as South Africa’s representative

By: Creamer Media Reporter      11th August 2017 The Brics New Development Bank (NDB) has appointed National Treasury director-general Dondo Mogajane as the new director representing South Africa. He is succeeding Tito Mboweni whose term of service as director expired in early July after two years. 

Brics development bank confirms Treasury DG as South Africa’s representative
Photo by Duane Daws
National Treasury director-general Dondo Mogajane

Eskom postpones planned R21 road closure

By: Natasha Odendaal     11th August 2017 State-owned power utility Eskom has postponed its planned road closure on the R21 until further notice. Initially, certain sections surrounding the Flying Saucer interchange and Olifantsfontein drive on the R21 freeway were scheduled to be closed for the replacement of the Apollo-Croydon... 

Safeguard duties on hot-rolled steel coil and plate officially come into force

By: Terence Creamer     11th August 2017 Safeguard duties of 12% have been officially placed on hot-rolled coil (HRC) and plate entering South Africa following publication of the August 11 Government Gazette, which amends schedule two of the Customs and Excise Act. The safeguard duties have been signed by Finance Minister Malusi Gigaba... 

Safeguard duties on hot-rolled steel coil and plate officially come into force

Africa-US Agoa trade talks end with no decision, waning enthusiasm

By: Reuters     11th August 2017 Talks between African and US officials to review the African Growth and Opportunity Act (Agoa) free trade deal ended on Thursday with no decision and a feeling on all sides that it has achieved little since it was set up. President Donald Trump's top trade negotiator Robert E Lighthizer and other... 

Rand edges up before Moody's rating decision

By: Reuters     11th August 2017 South Africa's rand strengthened on Friday as escalating geopolitical tension between the United States and North Korea drove up demand for safe-haven assets like gold and platinum, lifting the currencies of commodity exporters. At 0640 GMT, the rand was 0.11% firmer at 13.4450 per dollar... 

Rand edges up before Moody's rating decision

Eni, Anadarko to build LNG terminals in Mozambique

By: Reuters     11th August 2017 Italy's Eni and US oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that... 

Amid growing water worries, desalination option enters SA’s supply debate 

By: Dylan Slater     11th August 2017 Scarce surface water resources in South Africa are threatening the availability of potable bulk water, which is also coming under strain because of growing suburban areas and increased demand from consumers. The recycling of wastewater to ensure long-term sustain- ability has been posited as the... 

Amid growing water worries, desalination option enters SA’s supply debate

Majozi Bros, Hire-It join forces to create one-of-a-kind black-owned JV

By: Samantha Herbst     10th August 2017 Durban-based Majozi Brothers Construction has joined forces with tool hire and sales company Hire-It to establish a new Level 2 broad-based black economic-empowerment (BBBEE) joint venture (JV) company – Majozi Bros Tool Hire & Sales. The new JV, which is 51% owned by Majozi Brothers and 49%... 

Majozi Bros, Hire-It join forces to create one-of-a-kind black-owned JV
Pictured at their new premises on Chris Hani road, Durban North are Majozi Bros Tool Hire & Sales joint venture partners Sihle Ndlela, Richard Fraser and Simphiwe Majozi

City of Johannesburg embarks on manhole cover replacement project 

By: Creamer Media Reporter      10th August 2017 The City of Johannesburg will spend more than R1-million on dealing with an estimated 4 000 uncovered manholes across the city by December 15. The city’s manhole cover replacement project was officially launched by Mayor Herman Mashaba on Thursday. 

City of Johannesburg embarks on manhole cover replacement project

IMF revises Botswana's 2017 growth forecast as diamond demand rises

By: Reuters     10th August 2017 The International Monetary Fund (IMF) has revised Botswana's 2017 and 2018 economic growth forecast due to rising diamond demand, investment in the water and power sector and reforms to attract investment. The IMF on Wednesday lifted diamond-producer's 2017 and 2018 economic growth forecast to... 

Manufacturing output down 2.3% y/y in June

By: Reuters     10th August 2017 South Africa's manufacturing output fell 2.3% year-on-year in June after contracting by a revised 0.9% in May, Statistics South Africa said on Thursday. Economists polled by Reuters had forecast manufacturing volumes would contract by 2.5% year-on-year in June. 

High speed cameras improve measuring ability 

     10th August 2017 The University of Pretoria has recently purchased four new high speed cameras that are being used for the measurements of vibration on fast moving structures. Victor Moolman tells us more. 

High speed cameras improve measuring ability
High speed cameras improve measuring ability

EU slaps import duties on some Chinese steels to counter subsidies

By: Reuters     10th August 2017 The European Union has slapped provisional import duties of as much as 28.5% on certain Chinese corrosion resistant steels after an eight-month investigation found that the products enjoyed unfair subsidies. The Aug. 9 decision by the European Commission followed a complaint by European steel... 

Toyota SA creates R42m empowerment trust

By: Irma Venter     10th August 2017 Toyota South Africa Motors (TSAM) has announced the creation of the Toyota Empowerment Trust (TET). The TET has been seeded with R42-million in start-up funding and will focus on skills and enterprise development initiatives in the automotive industry. 

Toyota SA creates R42m empowerment trust
Toyota SA CEO Andrew Kirby

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