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Latest News

Bladon’s new microturbine genset to power up telecoms towers

By: Natasha Odendaal     9th October 2018 UK-based engineering pioneer Bladon Micro Turbine has launched its first commercial product, the Bladon MTG12 – a 12 kW (15 kVA) microturbine generator set (genset) dedicated to powering global telecoms towers. The microturbine genset manufacturer aims to dominate the telecoms tower market where... 

IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite

By: Reuters     9th October 2018 The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The... 

IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite

Global growth at risk from $100 oil next year, BofAML says

By: Bloomberg     9th October 2018 If oil prices head above $100 a barrel, it could shave 0.2 percentage points from global economic growth next year -- but this hinges crucially on the dollar, according to Bank of America Merrill Lynch. Sanctions on Iran, shale bottlenecks, Venezuelan turmoil and increased demand pose an upside... 

Nigeria's Emefiele is said to meet with MTN, banks Tuesday

By: Bloomberg     9th October 2018 Nigeria’s central bank governor, Godwin Emefiele, will meet with MTN Group and four banks on Tuesday amid a dispute over $8.1-billion that the bank said was transferred illegally out of the country, two people familiar with the situation said. The people declined to be identified because the... 

Dladla steps down as CEO of Eskom Rotek Industries

By: Creamer Media Reporter      9th October 2018 Eskom Rotek Industries CEO Johnny Dladla, who served a short stint as the group's CEO in 2017, has resigned and will leave Eskom at the end of October to "pursue private business interests".   The State-owned utility said in a statement that Dladla's successor would be announced in due course.... 

Dladla steps down as CEO of Eskom Rotek Industries
Photo by Creamer Media
Johnny Dladla

Vunani, Ayo partner up for R100m fintech JV

By: Marleny Arnoldi     8th October 2018 Technology service providers AYO Technology Solutions and financial services group Vunani Group have formed a R100-million joint venture (JV) to expand the platform and financial services activities of the listed Vunani Limited. Vunani Limited is a diversified financial services group with more... 

Three new midibus routes launched on Gautrain system

By: Tasneem Bulbulia     8th October 2018 Three new routes have been added to the Gautrain midibus system, from the Gautrain Marlboro station to Kelvin, Buccleuch and Greenstone Mall. The new routes were opened on September 17, but were officially launched on Monday at the Marlboro station by Gauteng Roads and Transport MEC Dr Ismail Vadi. 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Numsa members embark on strike at Toyota

By: Marleny Arnoldi     8th October 2018 National Union of Metalworkers of South Africa (Numsa) members have embarked on a strike at Toyota South Africa Motors’ (TSAM’s) Prospecton plant, in Durban, as well as at its warehouse facility in Atlas road, in Johannesburg. The union said in a statement on Monday that TSAM routinely failed... 

India’s High Commission co-sponsors artisan centre of specialisation

By: Schalk Burger     8th October 2018 The High Commission of India and the Department of Higher Education and Training (DHET) on Monday jointly launched a centre of specialisation at the Tshwane South technical and vocational education and training college to train electricians, boilermakers, mechanical fitters and millwrights, the... 

Stats SA to conduct commercial agriculture census

By: Marleny Arnoldi     8th October 2018 Statistics South Africa (Stats SA) will, on October 15, embark on a countrywide Census of Commercial Agriculture. About 600 field staff will visit commercial farms across the country to establish the number of commercial farmers, farm size, crop type being farmed in different geographic areas,... 

Stats SA to conduct commercial agriculture census

Lazard report on Eskom asset sale options due within days – Eskom chair

By: Reuters     8th October 2018 Financial adviser Lazard will conclude its assessment of which assets South Africa's State-owned power firm Eskom can put up for sale in the next few days, Eskom's chairperson Jabu Mabuza said on Monday. "We have hired Lazard to look at what assets, if any, we can dispose of on our balance... 

Lazard report on Eskom asset sale options due within days – Eskom chair
Photo by Dylan Slater
Eskom chairperson Jabu Mabuza

Eskom won't need more government cash over next year – Minister

By: Reuters     8th October 2018 State-owned power firm Eskom does not require government cash injections over the next 12 months, the country's Public Enterprises Minister Pravin Gordhan said on Monday. Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more than 90 percent of its power but... 

Eskom won't need more government cash over next year – Minister

Cape Town adds direct routes, 29 new bus stops to MyCiti service

By: Irma Venter     8th October 2018 The City of Cape Town will introduce a number of new routes and bus stops to its MyCiti bus service, starting October 27. “Our transport planners recently conducted a review of the MyCiTi service and the passenger demand on the MyCiTi routes,” says Cape Town Transport and Urban Development MMC... 

Cape Town adds direct routes, 29 new bus stops to MyCiti service

EDF, GIBB form GIBB Power partnership

By: Tasneem Bulbulia     8th October 2018 Through a new partnership between EDF and GIBB, finalised last week, GIBB Power aims to become a reference-engineering platform, specialising in supporting energy projects and offering solutions to overcome the challenges of Africa’s energy transition. GIBB Power is owned 70% by GIBB and 30% by... 

Cape Town secures R974m towards disaster recovery programmes, projects 

By: Creamer Media Reporter      8th October 2018 The National Treasury and the National Disaster Management Centre has allocated R974-million towards disaster recovery programmes and projects in the Western Cape. Some R553-million of this drought funding was distributed to the City of Cape Town for drought alleviation projects and specifically... 

Nene fears worsening 'jittery' markets – Basa 

By: News24Wire      8th October 2018 Uncertainty over the future of Finance Minister Nhlanhla Nene is leaving markets jittery, in a development the Banking Association of South Africa (Basa) has described as "unfortunate". Basa Chairperson Mike Brown said on Monday that the markets would be watching closely if there were any change... 

 Nene fears worsening 'jittery' markets – Basa
Photo by Reuters
Finance Minister Nhlanhla Nene

Cape Town dam levels show only slight increase amid warmer weather

By: African News Agency      8th October 2018 The City of Cape Town on Monday announced that dam levels feeding the city had improved to 76,2 percent of storage capacity over the past week. Dam levels rose only slightly by 0,3 percent over the last week to 76,2 percent of storage capacity, while the average water consumption for the past... 

 Cape Town dam levels show only slight increase amid warmer weather

President's office says 'not aware' of Nene request to be sacked

By: Reuters     8th October 2018 President Cyril Ramaphosa's spokesperson said on Monday his office was not aware of Finance Minister Nhlanhla Nene's request to be relieved of his duties after he admitted to visiting the Gupta brothers. The rand fell more than one percent when Business Day newspaper reported Nene had asked... 

Turkey puts import quotas on steel – WTO filing

By: Reuters     8th October 2018 Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25% duty on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports. It said it had begun investigating the case for emergency... 

Climate crisis spurs UN call for $2.4tn fossil fuel shift  

By: Bloomberg     8th October 2018 The world must invest $2.4-trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations. Their report published Monday adds pressure on... 

MTN shares up 2% on possibility of reduced repatriation demand

By: Reuters     8th October 2018 South Africa's MTN Group shares rose as much as 2.55% after the Nigerian central bank governor said on Sunday the bank may reduce the amount it has ordered the telecoms firm to repatriate as part of an ongoing disagreement. MTN and the central bank are in a dispute over the transfer of $8.1... 

Application of code of conduct requires ‘extensive' review, says auto industry body

By: Irma Venter     8th October 2018 The National Association of Automobile Manufacturers of South Africa (Naamsa) on Monday voiced its support for the Competition Commission’s proposed voluntary Code of Conduct (CoC) for the South African vehicle repair, service and parts supply sectors. However, the association emphasised that it... 

 Application of code of conduct requires ‘extensive' review, says auto industry body

Nzimande urges Prasa, rail regulator to resolve trains safety impasse out of court

By: African News Agency      8th October 2018 Transport minister Blade Nzimande on Monday appealed to both the Railway Safety Regulator (RSR) and Passenger Rail Agency of South Africa (Prasa) to find an out of court settlement in the interests of millions of commuters who daily use the Metrorail, in a stand off over safety. The regulator... 

Nzimande urges Prasa, rail regulator to resolve trains safety impasse out of court
Transport Minister Blade Nzimande

Logicalis Australia acquires CNI

By: Creamer Media Reporter      8th October 2018 JSE-listed Datatec on Monday announced that its Australian subsidiary Thomas Duryea Logicalis has acquired Melbourne-based Microsoft-certified gold partner Computer Network Integration (CNI). CNI, which has yearly revenues of about $2-million, has been a focused Microsoft Azure partner since 2012... 

Unesco ready to help protect Kogelberg biosphere amid drilling programme

By: News24Wire      8th October 2018 Unesco has offered South Africa "technical support" to protect the Kogelberg biosphere and preserve the Unesco status of the reserve, which has one of the highest levels of biodiversity and endemism on the planet. Unesco chief of media services George Papagiannis said this week that "Unesco was... 

Nene asks to leave amid pressure to go

By: Bloomberg     8th October 2018 South Africa’s Nhlanhla Nene, who asked President Cyril Ramaphosa to relieve him of his duties as the finance minister, is under pressure to resign after he last week disclosed that he met members of the Gupta family at their Johannesburg residence six times, Business Day reported. The Guptas are... 

Nene asks to leave amid pressure to go
Photo by Creamer Media
Nhlanhla Nene

Technologies listed in IRP may be used as ‘proxies’ for equivalent solutions

By: Terence Creamer     5th October 2018 The Department of Energy (DoE) may consider using the generation technologies listed in the Integrated Resource Plan (IRP) as “proxies” for other technologies that are able to deliver an equivalent solution to the power system at the same cost. Speaking at a stakeholder workshop hosted by the... 

Technologies listed in IRP may be used as ‘proxies’ for equivalent solutions
Department of Energy chief director Jacob Mbele

Tongaat warns of significant decreases in interim profit, earnings

By: Simone Liedtke     5th October 2018 JSE-listed agriculture and agroprocessing group Tongaat Hulett on Friday warned that its operating profit for the six months ended September 30, is expected to be at least 40% below the R1.4-billion earned in the prior comparable period. The company attributed the decrease to land conversion and... 

Science fair affords students learnerships, prizes to promote science skills development

By: Marleny Arnoldi     5th October 2018 During the Eskom Expo International Science Fair, which was held from October 3 to 5, the Eskom Senior Grand Prize was awarded to a Curro Klerksdorp Grade 12 learner Aqil Variava, who developed the “pollution index” – a tool to investigate water quality. He won a R75 000 cash prize.  

Science fair affords students learnerships, prizes to promote science skills development
Curro Klerksdorp Grade 12 learner Aqil Variava wins Eskom Senior Grand Prize

Balking miners jeopardise $2.8bn Mozambican coal rail

By: Bloomberg     5th October 2018 A plan to develop a $2.8-billion railway and port to ferry coal in Mozambique may collapse because miners are balking, according to the man trying to build it. Failing to get the project off the ground would deprive the southern African country of a source of revenue it’s come to rely on as it... 

South Africa researching hydrogen storage for platinum-using fuel cells

By: Martin Creamer     5th October 2018 South Africa’s Council for Scientific and Industrial Research (CSIR) is researching innovative hydrogen storage technologies that have the potential to be key enablers of platinum-catalysed fuel cells, which generate clean electricity using hydrogen as a fuel and platinum as a catalyst. The... 

South Africa researching hydrogen storage for platinum-using fuel cells

Ramaphosa declares Jobs Summit a success 

By: Tasneem Bulbulia     5th October 2018 Following the agreement of an 84-page framework agreement on Thursday, the second day of the Jobs Summit, held in Gauteng, indentified key areas and interventions to focus on to bolster local job creation. The two-day Summit brought together government, business, labour and community stakeholders... 

Ramaphosa declares Jobs Summit a success
Photo by Dylan Slater
President Cyril Ramaphosa

Jobs crisis: We all took our eyes off the ball, says Busa vice president 

By: News24Wire      5th October 2018 Business Unity South Africa (Busa) vice president Martin Kingston says the last decade saw "significant damage" being done to the country due to various stakeholders dropping the ball – and it will be a long time before that damage is undone. "We collectively took our eyes off the ball for the... 

 Jobs crisis: We all took our eyes off the ball, says Busa vice president
Photo by Creamer Media
Busa Vice President Martin Kingston

Nestlé, Transnet among South Africa’s top employers

By: Simone Liedtke     5th October 2018 Food and beverage company Nestlé South Africa and State-owned freight logistics group Transnet are among South Africa’s top employers, according to the Top Employer Institute, which, this week, held its Top Employer Awards ceremony, in Sandton. The Top Employer Institute Certification Programme... 

Sappi launches sustainable dissolving wood pulp brand

By: Simone Liedtke     5th October 2018 Diversified woodfibre company Sappi on Friday launched its Sappi Verve brand, which the company intends to use to strengthen its leadership in the dissolving wood pulp (DWP) market. Sappi CEO Steve Binnie said the company’s products and service offering within the DWP market are “highly valued... 

Nene pleads for S Africans’ forgiveness for Gupta meetings 

By: Sane Dhlamini     5th October 2018 Finance Minister Nhlanhla Nene on Friday pleaded to South Africans to forgive him for his visits to the Gupta compound in Saxonwold, Johannesburg and their family business in Midrand during his terms as Deputy Minister, in 2010, and Finance Minister, in 2014.  His visits to the Gupta home were... 

Nene pleads for S Africans’ forgiveness for Gupta meetings
Photo by Bloomberg
Finance Minister Nhlanhla Nene

Kenya on course to develop nuclear energy, official says

By: Reuters     5th October 2018 Kenya's ambition of having a nuclear power plant is still on course and it hopes to build its first such facility in the next 12 to 15 years, a senior Energy Ministry official said on Friday. Joseph Njoroge, principal secretary for electricity, told Reuters the East African nation plans to turn... 

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