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Latest News

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Transnet digs heels in over revised wage offer

By: Natasha Odendaal     15th January 2018 State-owned rail, port and pipeline company Transnet has tabled a revised – and final – three-year wage offer, as the company reiterates its “difficult” financial situation since ratings agencies downgraded the country to junk status. Transnet proposed a 6.5%, 7.25% and 7.5% increase in 2018,... 

Clover announces strategic director appointments

By: Anine Kilian     15th January 2018 Dairy products manufacturer Clover has appointed Dr James Wellwood (Whitey) Basson and Flemming Morgan as independent nonexecutive directors. In addition, CFO Frantz Scheepers will also assume his role as an executive director on the Clover board.   “The balance of Dr Basson’s 45 years’ African... 

Global semiconductor market to grow 7.5% in 2018

By: Natasha Odendaal     15th January 2018 The revenue of the global semiconductor market is forecast to expand 7.5% to $451-billion in 2018, surpassing technology research firm Gartner’s earlier growth forecast for the year of only 4%. This can be attributed to continued favourable market conditions for memory sectors, which account for... 

Sapoa concerned about funding Cape Town water projects

By: Anine Kilian     15th January 2018 The South African Property Owners Association (Sapoa) is concerned that the City of Cape Town is not receiving the necessary income needed to fund projects for emergency water supply augmentation projects that were launched in mid-2017. The city proposed to raise the funding through the... 

Safety regulator lifts PRASA’s prohibition directive

By: Creamer Media Reporter      15th January 2018 The Railway Safety Regulator (RSR) has lifted the prohibition directive issued to the Passenger Rail Agency of South Africa (PRASA), with conditions, after the parastatal submitted a corrective action plan to the regulator. PRASA Rail relayed to the RSR how it intends dealing with the issues... 

4Sight Holdings says reaches agreement to acquire Foursight South Africa

By: African News Agency      15th January 2018 4Sight Holdings said on Monday it had entered into an agreement to acquire the entire issued share capital and loan account claims of the Foursight South Africa group, effective from January 1. "Foursight South Africa and its subsidiaries will become subsidiaries of 4Sight Holdings and will... 

MTN takes top spot in Q4’s best network rankings

By: Creamer Media Reporter      15th January 2018 The fourth-quarter edition of MyBroadband’s Mobile Network Quality Report shows mobile operator MTN outperforming its rivals as the best network in South Africa. The report and network scores were based on about 113 000 speed tests performed by more than 8 000 MyBroadband Android Speed Test App... 

More fuel price relief for SA motorists – AA

By: News24Wire      15th January 2018 Fuel prices are set for month-end decreases, this is according to the Automobile Association (AA) commenting on mid-month fuel price data released by the Central Energy Fund. The AA said: "The Rand/US dollar exchange rate has had one of its flattest periods of trading in recent times. It has... 

More fuel price relief for SA motorists – AA

Ian Harebottle appointed Kropz CEO

By: Anine Kilian     15th January 2018 South Africa-based plant nutrient company and miner of fertiliser feed materials Kropz has appointed Ian Harebottle as group CEO. Harebottle, who stepped down as CEO of Aim-listed Gemfields in July last year, will join Kropz on March 28, once his contract with the diamond miner has ended.   “I am... 

Ian Harebottle appointed Kropz CEO
Ian Harebottle

Autonomous driving in SA faces pedestrian, road sign challenges, finds Merc 

By: Irma Venter     15th January 2018 It may surprise the taxi haters, but South Africa is not the most challenging country to sit behind the wheel of a vehicle in self-driving mode. The winner is China, with its sometimes erratic cyclists, lack of lane markings and confusing traffic signals. Mercedes-Benz at the end of last year... 

Autonomous driving in SA faces pedestrian, road sign challenges, finds Merc
Self-driving mode on the Mercedes-Benz Inteliigent Drive S-Class with Jochen Haab. (See second self-parking video as well)

Public engagements on SA's national minimum wage set to resume

By: African News Agency      15th January 2018 The Department of Labour will this week resume its national series on worker engagement about the implementation of the national minimum wage and amendments to labour legislation. The national minimum wage of R3,500 a month, or R20 per hour for major sectors, is scheduled for implementation from... 

 Public engagements on SA's national minimum wage set to resume

Airbus reports that 2017 was another record year for airliner deliveries

By: Rebecca Campbell     15th January 2018 Airbus Commercial Aircraft, the airliner manufacturing arm of European aerospace giant Airbus Group, announced on Monday that last year it had set a new company record for annual deliveries of aircraft. These totalled 718 aeroplanes to 85 customers and amounted to a 4% increase over the 688... 

Airbus reports that 2017 was another record year for airliner deliveries
Photo by Airbus
The Airbus range: from front to back: the A320neo, the A330, the A350-900 and the A380

PPF warns CPS over its claims of over a R1bn from Sassa

By: African News Agency      15th January 2018 The Progressive Professionals Forum (PPF) said on Monday it was alarmed about service provider Cash Paymaster Services’ (CPS's) claim of more than R1-billion from the South African Social Security Agency (Sassa). CPS is reportedly claiming R1.3-billion from Sassa over what it has called a breach... 

 PPF warns CPS over its claims of over a R1bn from Sassa

South Africa white maize futures scale 11-month peak on hot, dry conditions

By: Reuters     15th January 2018 South African white maize futures prices hit 11-month highs on Monday as a spell of hot, dry weather raised concerns about plantings and yields over a swathe of the maize belt. Maize is South Africa's staple crop and policy makers such as the central bank, which will meet later this week on... 

South Africa white maize futures scale 11-month peak on hot, dry conditions

SA Reserve Bank likely to keep repurchase rate unchanged this week – economists

By: African News Agency      15th January 2018 The South African Reserve Bank is likely to keep its repurchase rate at 6.75 percent this week, although it will probably lower its consumer inflation projections, financial group Investec said at the weekend. The Sarb is set to announce its decision on the repo rate on Thursday after a two-day... 

Aspen Pharmacare to start selling its infant formula milk Alula in China

By: African News Agency      15th January 2018 South African multinational pharmaceutical drug maker, Aspen Pharmacare, said on Monday that it would start distributing its infant formula milk in China. This comes after the China Food and Drug Administration (CFDA) announced on Friday that it had approved the registration of Aspen's infant... 

Eskom's bonds face suspension from South Africa exchange

By: Reuters     15th January 2018 South Africa's stock exchange has not received Eskom's interim results on time and if they are not submitted by Jan. 31 trading of the power utility's debt may be suspended, the Johannesburg Stock Exchange (JSE) said on Monday. Cash-strapped Eskom, the sole power supplier in Africa's most... 

Eskom's bonds face suspension from South Africa exchange

Acwa Power buys into blockchain currency

By: Megan van Wyngaardt     15th January 2018 Power generation technology developer Acwa Power has adopted SolarCoin – the global reward programme for solar electricity generation – marking the first time a utility-scale generator joins the SolarCoin ecosystem. SolarCoin will provide digital tokens to Acwa Power for every MWh of solar energy... 

Acwa Power buys into blockchain currency

Solar steam powers homes – and new jobs – in South Africa

By: Reuters     12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

Solar steam powers homes – and new jobs – in South Africa

DTI invites black industrialists on Mozambique trade mission

By: Megan van Wyngaardt     12th January 2018 The Department of Trade and Industry (DTI) has invited black industrialists to apply for participation in a trade mission to Mozambique from March 5 to 9. The mission forms part of the implementation of government’s Black Industrialists Programme (BIP), which is aimed at promoting... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Manufacturing ends year with a PMI low

By: Natasha Odendaal     12th January 2018 December’s “dismal” Absa Purchasing Managers’ Index (PMI) performance indicates that the South African manufacturing sector ended the year on “the back foot”, the monthly Bureau for Economic Research survey suggests. After four consecutive months of improvements and reaching a six-month high in... 

Manufacturing ends year with a PMI low

Aggreko 28 MW HFO plant comes online in Madagascar

By: Megan van Wyngaardt     12th January 2018 Electricity solutions provider Aggreko has started to supply stable power in Madagascar, using 28 MW of its heavy fuel oil- (HFO-) generated energy from its Noor 2 turbine, running alongside its joint venture partner Jovena’s Noor 1 turbines. This forms part of an extension to a 50 MW agreement... 

JRA to upgrade Soweto bridge

By: Anine Kilian     12th January 2018 The Johannesburg Roads Agency (JRA) has started the R37-million reconstruction of the Bridge road bridge over Klipspruit river, in Soweto, owing to overtopping during heavy rainfall. “[The] bridge in Klipspruit West is known to bring traffic to a halt during heavy downpours, rendering it unsafe... 

Enviro Loo lauded for contribution to water saving in South Africa

By: Megan van Wyngaardt     12th January 2018 With South Africans facing uncertainty around future water supply, particularly in the drought-stricken Western Cape, a local toilet manufacturer has received the 2017 Southern African Company of the Year award from research firm Frost & Sullivan for its efforts to save water. Enviro Loo has... 

Enviro Loo lauded for contribution to water saving in South Africa

Seifsa warns US antidumping duties could hurt local steel industry

By: Megan van Wyngaardt     12th January 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel... 

Auditors body nears completion of investigation into KPMG scandal

By: African News Agency      12th January 2018 The Independent Regulatory Board for Auditors (IRBA) said on Friday that one of the lines of investigation into embattled audit firm KPMG was nearing completion and would be tabled at the upcoming investigating committee, while others are progressing satisfactorily. The IRBA is investigating KPMG... 

City of Johannesburg official fired for awarding tenders to own company

By: News24Wire      12th January 2018 The City of Johannesburg has fired a senior official for allegedly awarding tenders to their own private company, a strategic adviser said on Friday. "The official engaged in private business without prior consent from the City, breached our code of ethics, influenced procurement decisions for... 

City of Johannesburg official fired for awarding tenders to own company

Port Elizabeth manganese export terminal to be transferred to Port of Ngqura

By: Anine Kilian     12th January 2018 State-owned Transnet has confirmed that its manganese export facility at the Port of Port Elizabeth will be transferred to the neighbouring Port of Ngqura by October 2023, where the commodity will continue to serve as an important catalyst for economic growth and development. During a site visit... 

South African regulator reviewing volatile share trading

By: Reuters     12th January 2018 A South African market regulator said on Friday it was reviewing volatile trading activity sparked by market speculation that a research group would release a negative report on a listed firm. The regulator confirmed in an emailed response to questions that it was reviewing unusual activity in... 

WISP, Sarebi embark on Western Cape waste recycling programme

By: Megan van Wyngaardt     12th January 2018 The Western Cape Industrial Symbiosis Programme (WISP) is recruiting candidates for an enterprise development programme that will result in the establishment of businesses in the province to make use of certain waste streams to create new products. Through the programme, WISP aims to divert waste... 

WISP, Sarebi embark on Western Cape waste recycling programme

Environmental dept aims to boost recycling, waste management through enterprise support

By: Megan van Wyngaardt     12th January 2018 The Department of Environmental Affairs (DEA) has opened a request for proposals to receive comprehensive business plans and project proposals from start-up or emerging waste management and recycling companies requiring development or support from the department’s recycling enterprises support... 

Environmental dept aims to boost recycling, waste management through enterprise support

Drilling on Cape Flats Aquifer starts as Cape Town dams dry up in drought

By: News24Wire      12th January 2018 The City of Cape Town drilled its first test borehole into the Cape Flats aquifer on Thursday, hoping that the earth's natural underground reservoirs would provide an extra 80-million litres of water per day as dams dry up in a prolonged drought. "This is the first in the history of the City of... 

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

     11th January 2018 Chinese oil company China Petroleum and Chemical Corporation (Sinopec) has undertaken to invest R6-billion to upgrade and modernise Chevron South Africa’s (CSA’s) Cape Town-based oil refinery, if it succeeds in its bid to acquire control of CSA. 

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

Global air travel passenger demand growth strengthens

By: Anine Kilian     11th January 2018 The International Air Transport Association said in a statement on Thursday that global passenger traffic results for November 2017 showed continued robust demand. Total revenue passenger kilometres rose 8% compared with November 2016 – the fastest growth rate in five months – and up from a 7.3%... 

UJ researchers seek origin of stone that casts questions over solar system’s formation

By: Natasha Odendaal     11th January 2018 Researchers are still seeking answers to the origin of a small pebble found in south-west Egypt in 1996 after a 2013 analysis sparked “significant questions” on a widely held view about the primitive pre-solar dust cloud from which the Sun, Earth and other planets were formed. A 2013 study... 

UJ researchers seek origin of stone that casts questions over solar system’s formation

Parliament on course to probe Steinhoff scandal

By: African News Agency      11th January 2018 The chairperson of the Parliamentary Standing Committee on Finance, Yunus Carrim, confirmed on Thursday that there was no change in the decision to have hearings on the Steinhoff scandal at the end of this month. This comes after Democratic Alliance (DA) MP David Maynier said earlier in the day... 

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