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Latest News

Joburg rooftop gardens bringing agriculture to heart of city living

By: Schalk Burger     17th March 2017 Food shapes the daily patterns of city life, and food production in urban and peri-urban areas is increasingly regarded as integral to resilient and sustainable city region food systems, says United Nations Food and Agriculture Organisation (UN FAO) director-general José Graziano da Silva. “In... 

Bell Equipment's earnings contract in difficult FY16

By: Natasha Odendaal     16th March 2017 JSE-listed Bell Equipment, emerging from one of the most challenging years in its history, on Thursday said it did not achieve its goal of delivering financially sustainable results in 2016. Hit with tough trading conditions, the discovery of fraud and mismanagement in the group's operation in... 

Dubai’s CSP price cap seen driving technology’s competitiveness 

By: Terence Creamer     16th March 2017 A leading developer of concentrated solar power (CSP) projects in Africa and the Middle East believes the price cap proposed by the Dubai Electricity and Water Authority (DEWA) for an upcoming CSP project could add significant impetus to improving the technology’s cost competitiveness, which may... 

Dubai’s CSP price cap seen driving technology’s competitiveness
Photo by Duane Daws
The Bookpoort CSP plant

MCS registers its first ship under the South African flag

By: Natasha Odendaal     16th March 2017 Cape Town-based vessel operator, seafarer recruitment and training company Marine Crew Services (MCS) has registered a modern, multipurpose platform supply and support vessel (MPSV) on the South African Ships Register. The 4 221 t, 93.67 m MPSV Greatship Manisha, bareboat chartered from owner... 

MCS registers its first ship under the South African flag

R158m road construction project part of Gauteng development programme

By: African News Agency      16th March 2017 An R158-million road construction project was launched for the Rust der Winter and Mkhombo Nature Reserves, north-east of Pretoria, the Gauteng Department of Roads and Transport said on Thursday. The D1944 road construction project, launched by the Gauteng MEC for Roads and Transport, Ismail... 

UK remains committed to helping research and development in South Africa

By: Keith Campbell     16th March 2017 The British government has assigned up to £35-million from its Prosperity Fund to South Africa. This money will be disbursed over the remaining period of the current UK Parliament (that is, until 2020). This was pointed out by outgoing British High Commissioner to South Africa, Dame Judith... 

UK remains committed to helping research and development in South Africa
Photo by Duane Daws
Dame Judith Macgregor

Take community engagement seriously, ARM’s Motsepe advises 

By: Martin Creamer     16th March 2017 The South African mining industry must take community engagement extremely seriously to prevent this country’s global competitiveness from being negatively impacted, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe urged on Thursday. Speaking at question time after ARM... 

Take community engagement seriously, ARM’s Motsepe advises
Mining Weekly Online’s Martin Creamer on African Rainbow Minerals executive chairperson Patrice Motsepe’s presentation of interim results. Video and Video Editing: Nicholas Boyd.

Domestic tourism declines between 2013 and 2015, but expenditure increases

By: Megan van Wyngaardt     16th March 2017 Domestic tourism declined from 54.4-million day trips in 2013 to 44-million in 2015, Statistics South Africa’s Domestic Tourism 2015 report, published on Thursday, reveals. However, while there was a downward trend in the number of day trips, the total expenditure on day trips increased from... 

Domestic tourism declines between 2013 and 2015, but expenditure increases

China iron-ore extends gains as steel holds near 3-year high

By: Reuters     16th March 2017 Shanghai rebar steel futures cut early losses to end near a three-year high on Thursday, helping raw material iron ore extend gains to a fifth session in a row. Hopes of stronger infrastructure spending and property sales in China helped steel prices surge this week, but volatility is also high. 

Govt, rental markets to drive 1.7% growth in 2017 new-vehicle sales

By: Irma Venter     16th March 2017 Vehicle and asset finance provider WesBank expects new-vehicle sales to grow by 1.74% in 2017. The company was almost spot-on in its March 2016 prediction that last year’s sales would decline by 12%, with the actual number recorded at the end of 2016 a drop of 11.4%. 

Govt, rental markets to drive 1.7% growth in 2017 new-vehicle sales

Sasol officially launches 2017 GTC Championship

By: Megan van Wyngaardt     16th March 2017 The Sasol GTC Championship team on Thursday welcomed newest team member Robert Wolk, who will be behind the wheel of the team’s BMW GTC racer. Thirty-one-year-old Wolk replaces Hennie Groenewald, who stepped down to start a new business venture in Cape Town. Wolk has been racing since the age of... 

Sasol officially launches 2017 GTC Championship

PPC Zimbabwe’s Harare mill officially opened

By: Natasha Odendaal     16th March 2017 PPC Zimbabwe on Thursday officially opened its $82-million Harare cement milling and dispatch facility, bringing its collective production capacity to 1.4-million tons a year. The project, forming part of PPC’s African expansion strategy, was completed on time and under budget, and boasted a... 

PPC Zimbabwe’s Harare mill officially opened

Tribunal plans July hearing on banks in FX collusion case

By: Reuters     16th March 2017 South Africa's Competition Tribunal will hold a hearing in July where banks accused of colluding to rig the rand currency will make their submissions, the anti-trust body said on Thursday. The Competition Commission said last month it had found traders at more than a dozen local and foreign banks... 

City Power's board to be replaced

By: News24Wire      16th March 2017 The entire of board of City Power, including chair and ANC stalwart Reverend Frank Chikane, will be replaced after its term was not renewed. The announcement was made during City Power's Annual General Meeting on Thursday. 

City Power's board to be replaced
Reverand Frank Chikane

Urban agriculture pilot project hints at potential 

     16th March 2017 The vegetable garden on the roof of the Kotze street shelter, in Braamfontein, is part of a pilot project series of urban gardens to improve food security for the more vulnerable people in the city. Schalk Burger has the story. 

Urban agriculture pilot project hints at potential
Urban agriculture pilot project hints at potential

Barloworld Logistics appoints new CEO

By: Creamer Media Reporter      16th March 2017 Industrial engineer Kamogelo Mmutlana has been appointed to take the helm at Barloworld Logistics. He will be responsible for driving further growth in the Logistics business, aligning with Barloworld Group-wide growth ambitions, and will seek to ensure that Barloworld Logistics remains agile,... 

Upcoming AHI conference to tackle SME ‘disenablement’

By: Natasha Odendaal     16th March 2017 Employers organisation AHI aims to highlight the “disenabling” environment currently faced by small and medium-sized enterprises (SMEs) in South Africa at its upcoming conference. The small business chamber’s day-long conference, described as the first it will be convening in a series of... 

Former PRASA board case postponed

By: News24Wire      16th March 2017 The urgent High Court case brought by former PRASA board members to have their dismissal by Transport Minister Dipuo Peters set aside, was postponed on Thursday morning. After a minute of appearing in the High Court in Pretoria, Advocate David Unterhalter SC requested a postponement to file an... 

Former PRASA board case postponed

NUM up in arms over proposed closure of five Eskom power stations 

By: Megan van Wyngaardt     16th March 2017 The National Union of Mineworkers (NUM) on Thursday delivered memorandums at the Arnot, Komati and Duvha power stations, setting out their grievances over State-owned power provider Eskom’s decommissioning plan, which will see it close five power stations over five years, threatening 6 000 direct... 

Opel Astra takes Car of the Year title

By: Irma Venter     16th March 2017 The Opel Astra has been crowned South Africa’s 2017 Car of the Year, as voted for by the South African Guild of Motoring Journalists. The nine finalists for the 2017 WesBank South African Car of the Year competition were the Audi A4; Honda Civic; Hyundai Tucson; Jaguar F-Pace; Opel Astra; Renault... 

Opel Astra takes Car of the Year title

York H1 profit dips as revenue rises

By: Natasha Odendaal     16th March 2017 JSE-listed York Timbers on Thursday posted lower earnings for the six-month period to December 31. Headline earnings a share and earnings a share declined from 11c in the comparable prior period to 10c in the six months under review, while profit for the period was down from the R35.4-million... 

York H1 profit dips as revenue rises

Ethiopia trash dump landslide death toll rises to 115

By: Reuters     16th March 2017 Emergency workers in the Ethiopian capital Addis Ababa searched through a mountain of garbage for the fifth consecutive day on Thursday as the death toll from a landslide at a rubbish landfill site rose to 115. The Horn of Africa country has declared three days of national mourning for the... 

Peugeot's Tavares and Anglo American's Cutifani to join Total board

By: Reuters     16th March 2017 French oil and gas company Total plans to appoint Mark Cutifani, CE of mining group Anglo American, and Carlos Tavares, chairperson of French carmaker Peugeot, as independent directors. Cutifani will bring his knowledge of industry and the raw materials sector to the board, while Total will also... 

Magara seizes dual role at Lonmin  

     16th March 2017 Lonmin CEO Ben Magara has taken on the position of COO, following the departure of former COO Ben Moolman. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss his exclusive interview with the enthusiastic leader. 

Magara seizes dual role at Lonmin
Magara seizes dual role at Lonmin

Impairments drag ARM into narrowed loss

By: Martin Creamer     16th March 2017 Diversified mining company African Rainbow Minerals (ARM) on Thursday reported a narrowed basic earnings loss of R254-million in the six months to December 31. The loss resulted mainly from attributable impairments of the Nkomati nickel and Modikwa platinum mines totalling R1.4-billion after tax... 

Impairments drag ARM into narrowed loss
Photo by Duane Daws
African Rainbow Minerals CEO Patrice Motsepe

Rand hits near 19-month high as Fed signals gradual tightening

By: Reuters     16th March 2017 South Africa's rand hovered near a 19-month high against the dollar early on Thursday after the US Federal Reserve raised interest rates on Wednesday, but signalled a gradual pace of rate hikes for the rest of the year. At 0646 GMT, the rand traded at 12.8125 per dollar, flat from its New York... 

EOH posts strong interim results

By: Anine Kilian     15th March 2017 JSE-listed EOH reported a 21% year-on-year increase in revenue to R7.24-billion for the six months ended January 31, while net profit increased by 29% year-on-year to R597-million. Earnings a share and headline earnings a share grew by 23% and 22% respectively. 

Salga NEC welcomes ‘progress’ made in resolving impasse between Eskom, municipalities

By: Anine Kilian     15th March 2017 The South African Local Government Association’s (Salga’s) national executive committee (NEC) has welcomed the progress made in reaching a resolution in the matter of the nonpayment of historical debt owed by municipalities to State-owned power utility Eskom. Speaking shortly after the NEC’s... 

IDC supporting entry of superior platinum processing route – Malinga 

By: Martin Creamer     15th March 2017 A bankable feasibility study has been completed on a new platinum processing method that slashes electricity consumption by eliminating the power-guzzling smelting step in the processing of platinum-group metals (PGMs), Industrial Development Corporation (IDC) divisional executive: mining and... 

IDC supporting entry of superior platinum processing route – Malinga
Mining Weekly Online’s Martin Creamer in conversation with Industrial Development Corporation divisional executive: mining and metals industries Abel Malinga. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Business Leadership South Africa disputes proposed customs functions transfer

By: Megan van Wyngaardt     15th March 2017 Business Leadership South Africa (BLSA) on Wednesday said it opposes the proposed transfer of the South African Revenue Services’ (Sars’) customs functions to a new border management agency, which is what the Border Management Agency Bill, currently before Parliament, proposes. “Sars must remain... 

New agroprocessing-, metals-focused Ipap to be released next month

By: Schalk Burger     15th March 2017 A new Industrial Policy Action Plan (Ipap) focused on supporting the agroprocessing and metals industries, including foundries and the casting sector, will be released in April, Department of Trade and Industry (DTI) director-general Lionel October said at the Metal Casting Conference, in Kempton... 

Ecosse appoints new MD

By: Creamer Media Reporter      15th March 2017 Subsea technology company Ecosse Subsea Systems (ESS) has appointed Mark Gillespie as MD to strengthen the management team and introduce the new skills required to accelerate to the “next level of growth” over the next five years. The move will allow ESS founder and chairperson Mike Wilson to... 

Eskom initiates talks on triggering government support to cover IPP costs 

By: Terence Creamer     15th March 2017 Eskom has written to the signatories of the Government Support Framework Agreement (GSFA) – which guarantees support for the State-owned utility in meeting its obligation to buy electricity from renewable-energy independent power producers (IPPs) – to discuss a possible triggering of government... 

Eskom initiates talks on triggering government support to cover IPP costs
Photo by Duane Daws
Eskom interim CEO Matshela Koko

Loeriesfontein completes wind turbine installation

By: Megan van Wyngaardt     15th March 2017 Loeriesfontein Wind Farm has completed the installation of its 61 wind turbines, while achieving over 1.25-million hours without a single lost-time incident, on March 1. “This is a hugely significant health and safety construction milestone for one of the country’s largest wind farms, so... 

Expect more oil price volatility over the coming months – Vitol

By: Kim Cloete     15th March 2017 A continuing massive stock overhang could contribute to more volatility in the oil price over the coming months, says energy and commodities company Vitol global analyst Simon Warren. He told delegates at the yearly conference of the African Refiners Association (ARA), in Cape Town, that despite... 

Refiners commit to producing clean fuels 

By: Kim Cloete     15th March 2017 Although Africa’s oil refining industry will need significant investments to adapt to the move by industry and the automotive sector to cleaner fuels, companies say they are committed to the change. “The impact will touch all sides of the industry, starting with refining and marketing. It will... 

Air Liquide opposes Evraz Highveld court proceedings

By: Megan van Wyngaardt     15th March 2017 Embattled Evraz Highveld Steel’s business rescue practitioners (BRPs) have instituted court proceedings against Air Liquide in the High Court seeking to cancel certain obligations under a supply agreement between the two companies. The application also seeks declaratory relief from Air Liquide’s... 

Google hits 1m digital skills training target ahead of schedule 

By: Natasha Odendaal     15th March 2017 With Google reaching its target of upgrading the digital skills of one-million people across Africa ahead of its 12-month deadline, it now seeks to expand its offerings offline and in different languages. The Digital Skills programme, launched last year, offers 89 courses through the online... 

Google hits 1m digital skills training target ahead of schedule
Google South Africa country director Luke Mckend

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