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Latest News

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

By: News24Wire      15th June 2018 Motorists will have to brace themselves as fuel prices look set for another jump going into July, says Automobile Association (AA), commenting on unaudited mid-month fuel data released by the Central Energy Fund (CEF).   AA said: "Since the start of June, the Rand has steadily weakened against... 

World Economic Forum to discuss SA's reform agenda in Joburg

By: African News Agency      15th June 2018 The World Economic Forum (WEF) said on Friday that it will convene a one-day roundtable later this month with President Cyril Ramaphosa, ministers and business leaders from across the world about the role of business in shaping an inclusive and sustainable agenda for South Africans. Elsie Kanza,... 

 World Economic Forum to discuss SA's reform agenda in Joburg

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

City of Johannesburg slams Eskom over power cuts

By: Reuters     15th June 2018 The city of Johannesburg said late on Thursday that State-owned electricity company Eskom had failed to give adequate notice before implementing scheduled power interruptions, or loadshedding, to relieve pressure on the grid in the face of a wage strike. "Despite the city receiving communication... 

BLSA extends partnership with USAID, $3m added

By: African News Agency      15th June 2018 Business Leadership South Africa (BLSA) and the United States Agency for International Development (USAID) on Thursday announced the extension of their multi-million rand partnership by a further three years and an additional $3.6-million. Beyond Advocacy Fund (BAF), is an imaginative partnership... 

South Africa prioritising business confidence and investor interest

By: African News Agency      15th June 2018 The South African government has prioritised the enhancement of business confidence and investor interest in order to create an enabling environment for business to thrive.  This is according to Deputy Minister of Trade and Industry Bulelani Magwanishe who on Thursday welcomed a business... 

Gauteng prepares to expropriate privately owned land without compensation 

By: News24Wire      15th June 2018 The Gauteng government wants to "immediately" expropriate without compensation privately owned land lying idle. Premier David Makhura said the province was completing an audit of all unused privately owned land to test the Constitution instead of waiting on the parliamentary process currently... 

Gauteng prepares to expropriate privately owned land without compensation
Gauteng Premier David Makhura

China–Africa Industrial Cooperation 

15th June 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Rebecca Campbell about the recent China-Africa Industrial Cooperation conference and how China expects to help Africa in its industrialisation efforts. 

China–Africa Industrial Cooperation
China–Africa Industrial Cooperation

As Gary Bell steps down as CEO, he urges SA manufacturers to embrace future

By: Irma Venter     15th June 2018 There is no need to cower in the corner when considering the future of manufacturing. Artificial intelligence and three-dimensional printing can open up a multitude of opportunities for South African manufacturers, says Bell Equipment CEO Gary Bell. Bell Equipment is, in fact, readying itself to... 

As Gary Bell steps down as CEO,  he urges SA manufacturers to embrace future

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Illegal mining worth R7bn a year – PwC
Photo by Dylan Slater
Informal processing of sand from a depleted mine dump off the N3 South freeway, near Elandsfontein, in Germiston

Mkhize discusses govt’s strategy towards municipal debt owed to Eskom 

By: Marleny Arnoldi     14th June 2018 Cooperative Governance and Traditional Affairs Minister Dr Zweli Mkhize on Thursday briefed the Standing Committee on Public Accounts about government’s plans to resolve the challenge of debt owed by municipalities to State-owned power utility Eskom.  

Mkhize discusses govt’s strategy towards municipal debt owed to Eskom
Photo by Creamer Media
Cooperative Governance and Traditional Affairs Minister Zweli Mkhize

Rothdene pumpstation upgrade nears completion 

By: Simone Liedtke     14th June 2018 The upgrade of the Rothdene pumpstation, in Meyerton, is 99% complete and will be finalised by the end of June. The project started in June last year and is four pumps with a capacity of 440 ℓ/s comprise the upgrade, which, upon completion, will open the opportunity for the Midvaal municipality... 

Rothdene pumpstation upgrade nears completion

Industry 4.0 to add benefits across the entire value chain

By: Schalk Burger     14th June 2018 The nascent industrial revolution happening across the world, termed Industry 4.0, is helping to improve the entire value chain through the digitalisation of all processes and the integration and improvement of the interdependent processes, says industrial systems multinational Siemens Digital... 

Nersa grants Eskom R32.69bn in RCA application 

By: African News Agency      14th June 2018 The National Energy Regulator of South Africa (Nersa) on Thursday granted Eskom R32.69-billion following its regulatory clearing account (RCA) application for the multi-year price determination period from 2015 to 2017. The cash-strapped power utility had applied for a 19.9% tariff hike to recoup... 

Nersa grants Eskom R32.69bn in RCA application

South Africa’s metrology institute reports successful food safety conference

By: Rebecca Campbell     14th June 2018 The National Metrology Institute of South Africa (NMISA) announced earlier this week that it had held its first Africa Food Safety Workshop during the first week of this month, in Pretoria. The event was attended by delegates form South Africa, Africa and the rest of the world. They represented... 

WTO deputy chief advises EU caution in response to US tariffs

By: Reuters     14th June 2018 There is no basis in World Trade Organisation rules for US tariffs on steel and aluminium, but the European Union should proceed cautiously when responding to the measures, WTO deputy director-general, Karl Brauner, told a German magazine. "I see no basis in WTO law for the tariffs imposed by the... 

SARB launches commemorative Mandela banknotes

By: African News Agency      14th June 2018 The South African Reserve Bank (SARB) has said that it will be launching its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary.  These notes will cover all denominations - R10, R20, R50, R100 and R200 - and as part... 

SARB launches commemorative Mandela banknotes

Italy top court rejects appeal to stymie Shell, Eni corruption trial

By: Reuters     14th June 2018 Italy's Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a trial on alleged corruption in Nigeria, which also sees Eni's chief on the bench, legal sources said on Wednesday. The long-running graft case revolves around the 2011 purchase by Eni and Shell of... 

Egypt appoints new minister of defence in new Cabinet – State television

By: Reuters     14th June 2018 Egypt has appointed a new minister of defence in a cabinet sworn in on Thursday by President Abdel Fattah al-Sisi to mark the start of his second term in office. Mohamed Ahmed Zaki Mohamed was named minister of defence, replacing Sedki Sobhi. 

Wage protests threaten South African power supply

By: Reuters     14th June 2018 About 1 000 union members picketed Eskom's headquarters on Thursday in a wage dispute that threatens the cash-strapped South African utility's ability to deliver power. There have been no reports of outages in Africa's most industrialised economy, but Eskom said that some plants had cut output,... 

Wage protests threaten South African power supply

SOURCE hydropanel launches in S Africa

By: Marleny Arnoldi     14th June 2018 Zero Mass Water has launched its SOURCE hydropanel, which applies thermodynamics, materials science and controls technology to produce potable drinking water from only sunlight and air, in South Africa.  

SOURCE hydropanel launches in S Africa
Zero Mass Water's SOURCE hydropanel

Food producer Libstar bets on yoghurt to boost market share

By: Reuters     14th June 2018 South Africa's Libstar Holdings is launching a new range of yoghurt in a bid to gain market share from French group Danone and local leader Clover Industries in the country's competitive dairy sector. The new yoghurt ranges and shakes, traded by Libstar unit Lancewood will be launched by July, CE... 

WWF calls on airline industry to help stop the trafficking of wildlife

By: Kim Cloete     14th June 2018 The World Wide Fund for Nature (WWF) has called on airlines and airports to work together to stop widespread wildlife trafficking.   “Wildlife trafficking is a global challenge. The very existence of wildlife is being threatened,” WWF private sector engagement team director Afsoon Namini, told... 

Labour unions picket Eskom office in wage dispute

By: Reuters     14th June 2018 Hundreds of union members picketed outside the headquarters of Eskom on Thursday because of a wage dispute which has hurt the cash-strapped South African power utility's ability to deliver electricity to Africa's most industrialised economy. Labour unions, angered by Eskom's failure to raise... 

Labour unions picket Eskom office in wage dispute

Metrorail bleeds passengers, has funds to turn around, says planning GM

By: Irma Venter     14th June 2018 Metrorail used to transport around 700-million people a year in the 1980s. Today, however, it is moving 300-million people a year. “We are sitting at an unprecedented level in terms of the performance of our trains,” says Passenger Rail Agency of South Africa (PRASA) strategic network planning GM... 

Metrorail bleeds passengers, has funds to turn around, says planning GM

Twinsaver opens Kliprivier plant, now largest tissue manufacturer in sub-Saharan Africa 

14th June 2018 Tissue manufacturer the Twinsaver Group last month opened a new manufacturing plant in Klipriver, on the border of the Midvaal and Ekurhuleni municipalities. Marleny Arnoldi tells us more. 

Twinsaver opens Kliprivier plant, now largest tissue manufacturer in sub-Saharan Africa
Twinsaver opens Kliprivier plant, now largest tissue manufacturer in sub-Saharan Africa

Cash-in-transit heists could lead to losses of R470m, Parliament hears

By: News24Wire      14th June 2018 Cash-in-transit heists will lead to cash losses of R470-million this year if the current trend continues, the Portfolio Committee on Police heard on Wednesday. The meeting brought together a range of stakeholders concerned with cash-in-transit heists, including the South African Banking Risk... 

Cash-in-transit heists could lead to losses of R470m, Parliament hears

Attacq continues to develop Waterfall City

By: Anine Kilian     13th June 2018 Construction and development of JSE-listed Attacq’s Waterfall City is ongoing, with new infrastructure including roads, residential properties and warehouses continuously in the pipeline. During a tour of the Waterfall City precinct on Wednesday, head of development Giles Pendleton said the last... 

Attacq continues to develop Waterfall City

Business trading conditions remain weak – index

By: Marleny Arnoldi     13th June 2018 Trade conditions for businesses remained weak in May, says the South African Chamber of Commerce and Industry (Sacci).  

Nissan announces Africa, Middle East and India expansion plans

By: Nadine James     13th June 2018 Nissan on Wednesday unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year midterm plan. The automotive manufacturer aims to build on its strengths and “solid profit margins” in markets including South Africa, India, the United Arab... 

TMH invests R500m into South African rail manufacturing facility

By: Simone Liedtke     13th June 2018 As part of its international growth strategy, Russian rolling stock manufacturer Transmashholding (TMH) on Wednesday launched its R500-million investment in a South African manufacturing facility through its newly acquired subsidiary, TMH Africa. TMH Africa, which is 70% owned by TMH and 30%... 

TMH invests R500m into South African rail manufacturing facility
(Left to Right) Mjisa Investments Director Sam Bhembe, TMH International CEO Martin Vaujour and TMH Africa CEO Jerome Boyet

Growthpoint Healthcare launches with R2.4bn portfolio

By: Nadine James     13th June 2018 Growthpoint Properties has launched South Africa’s first unlisted healthcare real estate investment trust (Reit), Growthpoint Healthcare Property Holdings, which already holds five assets valued at R2.4-billion. The introduction of Growthpoint Healthcare has received strong market interest with... 

Growthpoint Healthcare launches with R2.4bn portfolio

ACSA continues to work with African partners in developing airports 

By: Kim Cloete     13th June 2018 The Airports Company South Africa (ACSA) says it is working with its counterparts in Mozambique, Zambia and Ghana on the commissioning of airports. ACSA COO Fundi Sithebe says the company is assisting the Zambian government in commissioning its Kenneth Kaunda International Airport, as well as... 

African airlines boost routes but fare poorly financially

By: Kim Cloete     13th June 2018 African airlines have notched up an encouraging number of new routes, but are still in a poor financial position overall, the Aviation Development Conference, AviaDev, has heard. In a keynote address on the outlook for the industry, Embraer Commercial Aviation sales director Gad Wavomba, said... 

More airlines fly into Cape Town, connecting countries in Africa

By: Kim Cloete     13th June 2018 Two African airlines have launched flights to Cape Town over the past month, bringing more business and tourism opportunities to the Mother City. Kenya Airways launched a nonstop direct flight from Nairobi to Cape Town on June 6. The new service operates a Boeing 737-800. This is in addition to... 

South African company develops new generation field kitchens for army

By: Rebecca Campbell     13th June 2018 South African company Desert Wolf has started Phase 2 of its contract to design, manufacture and deliver stainless steel diesel-fired field kitchens to the South African National Defence Force, ordered under Project Teamster. The company only uses stainless steel to make its trailers. “During... 

South African company develops new generation field kitchens for army
Photo by Desert Wolf
One of the new Desert Wolf field kitchens for the South African Army

South Africa’s ratification of TFTA to solidify regional integration – DTI

By: Marleny Arnoldi     13th June 2018 The ratification of the Tripartite Free Trade Area (TFTA) agreement by South Africa will send a strong signal of the country’s commitment to regional integration, Trade and Industry Africa multilateral economic relations chief director Wamkele Mene told members of the Portfolio Committee on Trade... 

Kenya's Centum to finalise power plant funding this year

By: Reuters     13th June 2018 Kenya's Centum Investment Company said on Wednesday a $2-billion, 1 000 MW coal-fired power plant it has a stake in is expected to reach financial close this year. The Amu Power consortium that includes Centum, won a contract to build the plant in Lamu. The project has attracted criticism from... 

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