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Latest News

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan  

By: Terence Creamer     12th February 2019 The future structure of South Africa’s debt-laden electricity producer Eskom emerged as the central topic during the debate on President Cyril Ramaphosa’s February 7 State of the Nation Address (SONA), in which he announced that the utility would be split, under Eskom Holdings, into three... 

KAP grows interim revenue

By: Schalk Burger     12th February 2019 JSE-listed KAP Industrial Holdings grew its revenue by 16% to R13.29-billion in the interim period to the end of December, up from R11.48-billion during the first half of 2018, the company reported on Tuesday. The diversified industrial firm, however, posted lower headline earnings of... 

Harmony exploring Target North, Kalgold 

By: Martin Creamer     12th February 2019 Harmony Gold is currently adjudicating a tender for the drilling of the Target North greenfield exploration project in the Free State and is engaged in near mine brownfield exploration at Kalgold in the North West. Harmony Gold CEO Peter Steenkamp on Tuesday described the Target North prospect as... 

Harmony exploring Target North, Kalgold
Harmony Gold outlines exploration plans to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

ConCourt dismisses Moyane application for leave to appeal his dismissal 

By: African News Agency      12th February 2019 The Constitutional Court on Tuesday, dismissed former South African Revenue Service (SARS) Commissioner Tom Moyane’s application for leave to appeal his dismissal. "The Constitutional Court has considered this application for leave to appeal. It has concluded that the application should be... 

 ConCourt dismisses Moyane application for leave to appeal his dismissal
Photo by Creamer Media
Tom Monyane

Harmony cuts energy consumption, ushering in solar, mulling biofuels  

By: Martin Creamer     12th February 2019 Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could... 

Harmony cuts energy consumption, ushering in solar, mulling biofuels
Harmony Gold executives talk to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

EOH tumbles as Microsoft moves to pull resale licence

By: Schalk Burger     12th February 2019 Shares in information technology services company EOH plunged on Tuesday as the company announced that software multinational Microsoft planned to terminate its channel partner agreement with EOH Mthombo within 30 days. The impact on profit of no longer being a direct reseller will be about... 

Fiat Chrysler South Africa aims for recovery to 4 000 units in 2019

By: Irma Venter     12th February 2019 Fiat Chrysler Automobiles South Africa (FCA SA) aims to sell more than 4 000 Fiats, Jeeps and Alfas in South Africa in 2019. This will be a significant improvement on the roughly 2 600 units moving off showroom floors in 2018. 

Fiat Chrysler South Africa aims for recovery to 4 000 units in 2019
The 2019 Jeep Wrangler

Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge  

By: Martin Creamer     12th February 2019 Harmony Gold CEO Peter Steenkamp is rising to President Cyril Ramaphosa’s ten point mining challenge by striving to pay meaningful social dividends across a broad front and answering the call to beneficiate, which is no mean feat when it comes to gold. The executive head of the million-ounce-plus... 

Harmony’s Steenkamp rising to President Ramaphosa’s ten-point challenge
Harmony Gold CEO Peter Steenkamp talks to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Creamer Media’s Darlene Creamer

Reserve Bank on inflation drivers

By: African News Agency      12th February 2019 Deputy governor of the South African Reserve Bank (SARB) Daniel Mminele said on Tuesday that the country's high inflation rate was driven by a rigid wage and price setting process, lack of competition and expectations from private economic agents. In recent years, South Africa's consumer price... 

Raubex warns of 20% drop in FY earnings

By: Simone Liedtke     12th February 2019 Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall by at least 20%, owing to continued weak trading conditions in the South African construction industry, particularly in the road construction... 

Eskom blames new-plant faults as South Africa blackouts continue

By: Bloomberg     12th February 2019 Struggling power utility Eskom started a third day of power outages, blaming issues including failures at two huge new power stations that are also the main source of the company’s massive debt. Eskom on Tuesday implemented rotational power cuts of 3 000 MW. The utility Monday resorted to the... 

Outa calls for bold decisions to end load shedding

By: African News Agency      12th February 2019 The Organisation Undoing Tax Abuse (Outa) on Tuesday called on government to make bold interventions to minimise load shedding by the State-owned power utility. This as Eskom on Monday unexpectedly began cutting off power supply with stage 4 load shedding after six power generating units tripped.... 

Outa calls for bold decisions to end load shedding

Opinion: Are there really more jobs in coal than in renewables? 

By: Tobias Bischof-Niemz     12th February 2019 There is considerable support in South Africa for the notion that a transition in the electricity system from coal to renewable energy will trigger a jobs bloodbath at both Eskom and the Mpumalanga coal mines. A detailed analysis of the job numbers, however, suggests quite the opposite. In fact,... 

Opinion: Are there really more jobs in coal than in renewables?
Dr Tobias Bischof-Niemz

An Africa invisible to Blackstone is winning back investors

By: Bloomberg     12th February 2019 The African investment roller-coaster shows just how hard it has been to make bets on the continent pay off. After two years of declines, the region had inflows of foreign direct investment last year, thanks to a revival of interest in South Africa and a more stable environment in Egypt. 

Electrical equipment group aims to penetrate new markets with integrated offering 

By: Terence Creamer     12th February 2019 Electrical products manufacturer Zest WEG Group has added an integrated-solutions offering to its products-oriented sales strategy in a bid to penetrate market segments in which there is a growing appetite for all-encompassing solutions. The South African company is the fifth largest branch... 

Electrical equipment group aims to penetrate new markets with integrated offering
Zest WEG Group CEO Siegfried Kreutzfeld in conversation with Engineering News Editor Terence Creamer on the group's growth strategy. Camera Work & Editing: Darlene Creamer.

Eskom to take 3 000 MW off the grid in rotational powercuts

By: African News Agency      12th February 2019 State power company Eskom said it would implement rolling blackouts for a third straight day on Tuesday, taking 3 000 MW off the load at any given time to ease pressure on the national grid. It said generating units that had broken down unexpectedly had returned to service, but emergency reserves... 

Eskom to take 3 000 MW off the grid in rotational powercuts

Ramaphosa says Eskom power cuts 'most worrying'

By: Reuters     12th February 2019 South Africa's president Cyril Ramaphosa said on Monday the prospect of more power cuts by utility Eskom were "most worrying". The cash-strapped company warned of wider controlled power cuts on Monday after six additional generating units unexpectedly went offline. 

Ramaphosa says Eskom power cuts 'most worrying'
President Cyril Ramaphosa

EAAB to drive transformation of the South African estate agency sector 

By: Marleny Arnoldi     11th February 2019 Estate agents in the property sector have long been bound by “dinosaur” legislation and the profession has remained untransformed since the advent of democracy in 1994, Estate Agency Affairs Board (EAAB) transformation committee chairperson Eugenia Kula-Ameyaw said on Monday. “The Estate Agency... 

EAAB to drive transformation of the South African estate agency sector
Photo by Dylan Slater
Estate Agency Affairs Board transformation committee chairperson Eugenia Kula-Ameyaw

New statistics point to renewables playing a role in load-shedding mitigation  

By: Terence Creamer     11th February 2019 Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the country’s wind and solar plants during those hours towards the end of 2018 when Eskom resorted to load-shedding. Compiled by the Council for... 

New statistics point to renewables playing a role in load-shedding mitigation
CSIR Energy Centre principal engineer Jarrad Wright

Agri SA warns of negative impact of load-shedding on agriculture

By: Tasneem Bulbulia     11th February 2019 Agri SA has noted its concerns about the potential negative impact of load-shedding on the agricultural sector and the broader value chain. In a statement on Monday, the company highlighted that electricity is an important input cost for many farmers, especially farmers that depend on irrigation. 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Africa, Middle East increase onshore wind power capacity to 5.7 GW

By: Marleny Arnoldi     11th February 2019 The Global Wind Energy Council (GWEC) on Monday released data that found Africa and the Middle East had installed 962 MW of onshore wind power capacity in 2018 – a 300 MW increase compared with 2017. The GWEC’s global wind report forecasts that a further 6.5 GW of capacity will be added by... 

Africa, Middle East increase onshore wind power capacity to 5.7 GW

Western Cape dam levels double from last year

By: Natasha Odendaal     11th February 2019 The average dam levels in the Western Cape have doubled from 22.6% in the comparative week last year to the current level of 45% recorded on Monday. However, Western Cape Local Government, Environmental Affairs and Development Planning Minister Anton Bredell urged consumers to continue to use... 

Marriott teams up with Kuwait Projects on St Regis resort in Morocco

By: Reuters     11th February 2019 United Real Estate, a unit of Kuwait Projects, and Marriott International said in a joint statement on Saturday that they had agreed to open a resort near Marrakech. Marriott said in October it had signed deals with partners to increase its hotels in Africa 50% by 2023, opening new ones in Ghana,... 

Three consortiums compete to build dry port west of Cairo

By: Reuters     11th February 2019 Three consortiums are competing to build a dry port west of Cairo worth $100-million, the Egyptian finance ministry said on Sunday. The project will be a public-private partnership between the General Authority For Ports and Dry Land and the winning consortium, to be built on roughly 104 acres in... 

South Sudan to return to pre-war oil production levels by mid-2020 – Minister

By: Reuters     11th February 2019 South Sudan will return to producing more than 350 000 bbl/d of crude by the middle of 2020, up from current levels of just over 140 000 bbl/d currently, the country's oil minister said on Sunday. Production is expected to rise to 270 000 bbl/d by the end of 2019, Oil Minister Ezekiel Lul... 

Gordhan meeting Eskom executives over power crisis 

By: Reuters     11th February 2019 Public Enterprises Minister Pravin Gordhan is meeting executives from state power firm Eskom on Monday to find solutions to the country's electricity crisis, Eskom spokesperson Khulu Phasiwe told Reuters. Eskom said on Monday it would cut 4 000 MW from the national grid from 13:00 after six... 

Gordhan meeting Eskom executives over power crisis
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Load-shedding moves from Stage 2 to Stage 4 

By: News24Wire      11th February 2019 Eskom announced on Monday afternoon that load shedding would move from Stage 2 to Stage 4 from 13:00.  The rotational power cuts are expected to continue until 22:00.  

Load-shedding moves from Stage 2 to Stage 4

Moody's says split plan does little to solve South Africa's Eskom financial woes 

By: Reuters     11th February 2019 The South African government's plan to split struggling state power company Eskom into three entities does little to address the company's financial difficulties, credit ratings agency Moody's said in a research report. "The move paves the way for a more transparent group with more clearly... 

Ford’s Silverton plant starts production of refreshed Ranger 

By: Irma Venter     11th February 2019 Ford’s Silverton vehicle assembly plant in Pretoria has started production of the refreshed 2019 Ford Ranger. “Following the investment of over R3-billion in our local operations and extensive upgrades to our plants over the past 18 months, we are delighted to see the first of the new Ford Ranger... 

Ford’s Silverton plant starts production of refreshed Ranger
The refreshed Ford Ranger

President initiates remedial action on Mogajane appointment

By: News24Wire      11th February 2019 The Presidency has informed the Office of the Public Protector that President Cyril Ramaphosa has initiated remedial action in line with the report of the Public Protector on the appointment of National Treasury Director General Dondo Mogajane.   On 18 December 2018, the Public Protector issued a... 

 President initiates remedial action on Mogajane appointment
National Treasury Director General Dondo Mogajane

DA calls for parliamentary debate on Eskom

By: African News Agency      11th February 2019 As Eskom resumed load-shedding, the Democratic Alliance (DA) on Monday demanded a parliamentary debate on the crisis gripping the power utility. Senior DA MP Natasha Mazzone said it was imperative that it takes place before Thursday, when President Cyril Ramaphosa will reply to the debate on the... 

DA calls for parliamentary debate on Eskom

Tongaat appoints CFO

By: Creamer Media Reporter      11th February 2019 JSE-listed agroprocessing company Tongaat Hulett has appointed Rob Aitken CFO, effective March 1. He has been serving as the company's acting CFO since August 2018, when former CFO Murray Munro took a medical leave of absence. 

Stage 2 load-shedding to start at 09:00

By: Creamer Media Reporter      11th February 2019 Power utility Eskom on Monday said Stage 2 load-shedding would start at 09:00 and would likely continue until 22:00.   "Although a number of generating units have returned to service as per the nine-point recovery plan, regrettably additional units continue to trip. This results in a shortage of... 

Stage 2 load-shedding to start at 09:00

Eskom says risk of rotational power cuts high for Monday

By: African News Agency      11th February 2019 State power utility Eskom said the risk for staggered powercuts was high for Monday after implementing the first loadshedding since early December on Sunday. "The probability of rotational loadshedding remains high tomorrow as a result of a shortage of capacity due to a number of generating units... 

Eskom says risk of rotational power cuts high for Monday

Metals, engineering sector set for third consecutive year of growth – Seifsa  

By: Tasneem Bulbulia     8th February 2019 The metals and engineering sector is set to grow for the third consecutive year in 2019, despite the past year having been generally challenging for both the global and domestic economies. This is according to the Steel and Engineering Industries Federation of Southern Africa (Seifsa), which... 

Metals, engineering sector set for third consecutive year of growth – Seifsa
Photo by Dylan Slater
Steel and Engineering Industries Federation of Southern Africa chief economist Dr Michael Ade

Learners represent South Africa at Taiwan International Science Fair

By: Simone Liedtke     8th February 2019 Pretoria-based Hoërskool Waterkloof learner Christiaan Bauman won the fourth prize in the engineering category at the 2019 Taiwan International Science Fair, which was held from January 26 to February 1. Bauman’s project, titled ‘Mine Safety – The Robotic Way’, addresses the problem of miners and... 

Learners represent South Africa at Taiwan International Science Fair
Hoërskool Waterkloof learner Christiaan Bauman

Basil Read subsidiary to sell 28% stake in Majwe JV

By: Simone Liedtke     8th February 2019 Basil Read Mining Botswana (BRMB), a wholly-owned subsidiary of Basil Read Mining, will sell its 28% interest in the Majwe Joint Venture (JV) to Thiess Botswana and Bothakgwa Burrow Botswana (BBB) for R110.5-million. Under the terms of the agreement, BRMB will sell 28 ordinary shares,... 

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