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Latest News

DSV ByBox hits the 20 000 parcel mark

By: Megan van Wyngaardt     11th January 2018 A partnership between South African oil and gas company Engen and logistics group DSV Global Transport and Logistics, which has seen the placement of automated parcel lockers known as DSV ByBoxes at Engen service stations since 2014, has reached its 20 000 parcel mark. There are currently 65 DSV... 

November manufacturing output up 1.7% y/y

By: Reuters     11th January 2018 South Africa's manufacturing output rose 1.7% year-on-year in November, after rising by a revised 2.3% in October, Statistics South Africa said on Thursday. Economists polled by Reuters had forecast manufacturing volumes would rise by 0.45% year-on-year in November. 

Dell to recycle gold from e-waste for use in new motherboards, jewellery

By: Megan van Wyngaardt     11th January 2018 Technology company Dell is piloting a project to recover gold from used electronics for use in new computer motherboards and jewellery. Dell has partnered with Wistron GreenTech, which uses an environmentally responsible extraction process to break the used electronics down into individual... 

Dell to recycle gold from e-waste for use in new motherboards, jewellery

Bloodhound to travel to SA this year to chase 800 km/h mark

By: Irma Venter     11th January 2018 The UK-based team chasing a new world land-speed record will send its Bloodhound supersonic car to South Africa in October, the project has confirmed. Following the Bloodhound’s successful 320 km/h runway trial at Cornwall Airport Newquay, in the UK, in October last year, the team will be... 

Bloodhound to travel to SA this year to chase 800 km/h mark
Photo by Stefan Marjoram
The Bloodhound at Newquay

Monash South Africa launches engineering offering  

By: Anine Kilian     11th January 2018 Private higher education institution Monash South Africa (MSA) is extending its academic offering this year by offering engineering within its expanded faculty of business, engineering and technology.   MSA is the first private higher education institution to offer a Bachelor of Engineering... 

BCX CEO appointed to iamtheCODE board

By: Anine Kilian     11th January 2018 Information and communication technology company BCX CEO Ian Russell has been appointed to the Board of Africa-led global female coding movement iamtheCODE. iamtheCODE is designed to mobilise governments, businesses and investors to support young women in science, technology, engineering, arts,... 

South Africa's economy may grow 2% this year – Gigaba

By: Reuters     11th January 2018 South Africa's economy may grow 2% or more this year if the government takes the right policy decisions, Finance Minister Malusi Gigaba said on Thursday. "The capacity of the South African economy's growth levels far exceeds the targets that we have set ourselves," Gigaba told a business... 

South Africa's economy may grow 2% this year – Gigaba
Photo by Bloomberg
Finance Minister Malusi Gigaba

Opic executive VP tours Togo to see thermal power plant

By: Anine Kilian     11th January 2018 US government agency Overseas Private Investment Corporation (Opic) VP David Bohigian met with Togolese Prime Minister Komi Klassou on Wednesday to tour the Opic-supported Lomé thermal power plant, which has tripled the country's energy supply.   US-based ContourGlobal built the plant in Togo... 

Gigaba: Youth should not only chase tenders

By: News24Wire      11th January 2018 Finance Minister Malusi Gigaba has urged South African youth to make the most of the state's Black Industrialists Programme, and come up with innovative business ideas instead of chasing tenders and shareholdings at established companies. Gigaba was speaking to the SABC on the sidelines of the... 

Gigaba: Youth should not only chase tenders
Photo by Bloomberg
Finance Minister Malusi Gigaba

PRASA warns of impact of prohibition notice on commuters

By: Anine Kilian     11th January 2018 The Passenger Rail Agency of South Africa (PRASA) has warned that a ban on manually authorising trains will negatively impact on Metrorail commuters. The Rail Safety Regulator (RSR) on Wednesday enforced the ban, after two trains collided in Germiston, Gauteng, on Tuesday morning. About 200... 

Opinion: My vision for transforming TPT into a leading global port operator

     11th January 2018 In this opinion article, Transnet Port Terminals (TPT) CEO Nozipho Sithole outlines what she sees as the key principles and values that will help to transform TPT into a 'Top 5' global port terminal operator in five years. The top terminal operators globally account for about 30% market share in... 

Opinion: My vision for transforming TPT into a leading global port operator
TPT CEO Nozipho Sithole

Reserve Bank expected to keep repo rate unchanged next week

By: Reuters     11th January 2018 South Africa's Reserve Bank will leave interest rates unchanged at its Jan. 18 meeting, a Reuters poll showed on Thursday, despite a much firmer rand suggesting further easing could come from the bank. The rand, currently around 12.43 per dollar, has gained almost 8% in the last six months - with... 

Reserve Bank expected to keep repo rate unchanged next week

Lanseria International Airport expansion plans 

     11th January 2018 Privately-owned Lanseria International Airport has significant development plans for the next few years. Rebecca Campbell reports. 

Lanseria International Airport expansion plans
Lanseria International Airport expansion plans

SAA, TAAG sign code-share agreement

By: Schalk Burger     10th January 2018 State-owned airline South African Airways (SAA) and Angola State-owned airline TAAG Angola Airlines on Wednesday announced a code-share agreement for flights between Luanda and Cape Town or Johannesburg. “SAA will code-share with TAAG on direct services between Johannesburg and Luanda and between... 

Industry heavyweights praise State capture inquiry head appointment

By: Megan van Wyngaardt     10th January 2018 South African business and industry on Wednesday lauded the appointment of Deputy Chief Justice Raymond Zondo to head the commission of inquiry into State capture. This followed President Jacob Zuma's decision on Tuesday to appoint a commission of inquiry following an order issued by the North... 

Industry heavyweights praise State capture inquiry head appointment
Deputy Chief Justice Ray Zondo

Sale of borehole water illegal – DWS

By: Anine Kilian     10th January 2018 The Department of Water and Sanitation (DWS) has warned citizens that it is illegal to sell water from private boreholes. It said in a statement on Wednesday that private boreholes were meant to benefit the occupants of the piece of land or property on which the borehole has been drilled, and... 

Business seems more confident as political developments change landscape

By: Megan van Wyngaardt     10th January 2018 Business sentiment in South Africa showed yet another month-on-month improvement, with the South African Chamber of Commerce and Industry (Sacci) reporting a 1.3 index point uptick in its Business Confidence Index (BCI) for December. The index now stood at 96.4, following on the improved business... 

Business seems more confident as political developments change landscape

Regulator clamps down on PRASA’s manual operations after crash

By: Natasha Odendaal     10th January 2018 The Railway Safety Regulator (RSR) has banned the Passenger Rail Agency of South Africa (PRASA) from operating trains under “abnormal conditions”, or manual authorisations, following a second accident in less than a week involving passenger trains. Two Metrorail trains were involved in a rear-end... 

Regulator clamps down on PRASA’s manual operations after crash

LHDA awards Polihali transfer tunnel design contract

By: Schalk Burger     10th January 2018 The Lesotho Highlands Development Authority (LHDA) has awarded the contract to design and supervise the construction of the Polihali water transfer tunnel – the largest of all the Lesotho Highlands Water Project Phase Two (LHWP II) engineering design contracts – to the Metsi a Senqu-Khubelu... 

Lithium at depth in Namibia – Montero 

By: Martin Creamer     10th January 2018 Significant concentrations of lithium mineralisation have been established in Namibia, where Montero Mining and Exploration has completed assaying historical drilling results.  The Toronto Venture Exchange-listed company announced on Wednesday that lithium-bearing mineralisation, found to be... 

Lithium at depth in Namibia – Montero
Photo by Duane Daws
Montero CEO Dr Tony Harwood

Green ID books still valid – DHA

By: Anine Kilian     10th January 2018 The Department of Home Affairs (DHA) has dismissed allegations that green barcoded ID books will not be recognised by March. Speaking to media during a briefing at the Centurion Home Affairs office on Wednesday, DHA deputy director-general Mkuseli Apleni said that the department was concerned... 

Ramaphosa to lead South African delegates at World Economic Forum

By: Dylan Slater     10th January 2018 Deputy President Cyril Ramaphosa, who is also the recently elected president of the incumbent African National Congress, will lead a South African delegation to the forty-eighth edition of the World Economic Forum’s yearly meeting, which will be held in Davos-Klosters, in Switzerland, from... 

Ramaphosa to lead South African delegates at World Economic Forum
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Hilux, Polo Vivo top 2017 new-vehicle sales charts yet again

By: Irma Venter     10th January 2018 The Toyota Hilux in 2017 again took the crown in the annual brawl for the top spot on the bakkie sales charts. Becoming more of a heavyweight bout in recent years, as Ford stepped up its game in this lucrative segment of the local market, Toyota South Africa Motors (TSAM) sold 36 422 Hilux... 

Hilux, Polo Vivo top 2017 new-vehicle sales charts yet again
The Toyota Hilux

Rand Water restores 75% of water in Emfuleni

By: African News Agency      10th January 2018 Emfuleni said on Wednesday utility Rand Water had restored at least 75% of water supply, easing shortages that have hit the municipality for months. Emfuleni however said some areas were still struggling due to burst pipes resulting from an ageing infrastructure. 

Tharisa enters 2018 with a bang

By: Martin Creamer     10th January 2018 The market fundamentals for chrome remain sound with continued growth forecast for the global stainless steel industry, Tharisa said on Wednesday, when it reported a strong operational performance in the three months to December 31. The Johannesburg Stock Exchange-listed chrome and platinum group... 

Tharisa enters 2018 with a bang
Tharisa CEO Phoevos Pouroulis

Global growth report highlights South Africa’s laggard status

By: Terence Creamer     10th January 2018 The World Bank expects growth in South Africa to recover to 1.1% in 2018, from 0.8% in 2017, on the back of improving business sentiment, which should support a modest rise in investment. The January Global Economic Prospects report upgraded the bank’s estimate of South Africa’s 2017 growth... 

Global growth report highlights South Africa’s laggard status

Rustenburg Water Trust opens tenders for Bospoort treatment works expansion

By: Megan van Wyngaardt     10th January 2018 The Rustenburg Water Services Trust has invited companies to tender for the mechanical and electrical works for the upgrade of the Bospoort Water Treatment Works (WTW). As implementing agent for the Rustenburg local municipality, the trust is seeking bids from suitably qualified and experienced... 

Rustenburg Water Trust opens tenders for Bospoort treatment works expansion

Zuma setting up commission to look into allegations of State corruption

By: Reuters     10th January 2018 President Jacob Zuma said on Tuesday he will set up a commission of inquiry into allegations of influence-peddling, after a 2016 anti-graft report called for a judge to investigate any corruption in his government. Zuma was ordered to establish the inquiry within 30 days of a High Court ruling... 

Zuma setting up commission to look into allegations of State corruption
President Jacob Zuma

City of Cape Town loses R1.6bn due to reduced water consumption

By: News24Wire      10th January 2018 The City of Cape Town has lost around R1.6-billion in revenue due to reduced water consumption, making a "drought charge" to fund water supply projects more urgent, said Mayor Patricia De Lille on Tuesday. "That is R1.6-billion that we are not receiving through the sale of water now," said De Lille. 

City of Cape Town loses R1.6bn due to reduced water consumption
Cape Town Mayor Patricia De Lille

South African new-vehicle sales inch up 1.8% in 2017, exports, production down

By: Irma Venter     9th January 2018 After spending three years in negative territory, South African new-vehicle sales finally managed to inch forward in 2017, growing by 1.8%, to 557 586 units, compared with 2016. New-vehicle sales dropped by 11.4% in 2016, 4.1% in 2015 and 0.7% in 2014. 

South African new-vehicle sales inch up 1.8% in 2017, exports, production down

Aspen denies knowledge of probe by US research group

By: African News Agency      9th January 2018 South African drug maker Aspen Pharmacare on Tuesday dismissed reports that its books were under scrutiny by an independent US research group, Viceroy Research, for possible accounting irregularities in its 2017 financial year. This comes after market speculation regarding a possible report into... 

Calls made for far-reaching Eskom restructuring as sustainability risks mount

By: Terence Creamer     9th January 2018 Eskom’s current financial situation makes it difficult to see any other path to sustainability than that of drastic cost-cutting, restructuring and bringing private equity into the business, Energy Intensive Users Group of Southern Africa (EIUG) past chairperson Piet van Staden argues. In an... 

Calls made for far-reaching Eskom restructuring as sustainability risks mount

Waste collection resumes in eThekwini after EPWP workers end their strike

By: African News Agency      9th January 2018 eThekwini Municipality said on Tuesday that the City's refuse removal services have resumed after its Expanded Public Works Programme (EPWP) employees reported to work after they had downed tools last week. On Friday, hundreds of eThekwini's EPWP workers embarked on a strike demanding to be... 

Gibela moves team to Dunnottar

By: Natasha Odendaal     9th January 2018 With plant construction two months away from completion, the Gibela Rail Transport Consortium, in which Alstom holds an interest, has moved its dedicated team into the new train manufacturing plant and training centre complex in Dunnottar, Ekurhuleni. “All teams are now on board and ready to... 

Labour union Numsa rejects proposed curbs on right to strike 

By: African News Agency      9th January 2018 The National Union of Metalworkers of South Africa said on Tuesday it rejected proposed changes to the country's labour laws which it argued would limit the right to strike. The government this year intends to implement changes to the Labour Relations Act and the Basic Conditions of Employment... 

Aquifers can deliver more water than initially thought – De Lille

By: African News Agency      9th January 2018 A ground water survey commissioned by the City of Cape Town had found aquifers that can deliver more water than initially anticipated, Mayor Patricia de Lille said on Tuesday. "Today we announce our news that we can get 150-million (litres of) water per day," De Lille said at a press conference... 

Aquifers can deliver more water than initially thought – De Lille

Disgruntled mayor barricades Rand Water gates demanding water for residents 

By: News24Wire      9th January 2018 Frustrated Emfuleni mayor Jacob Khawe has barricaded the gates of Rand Water's Glenvista head office in Emfuleni, Vereeniging on Tuesday morning, following the interruption of water supplies due to debt to the water board. Khawe told News24 that, although his municipality was financially... 

Africa Energy Indaba partners with SAEEC

By: Anine Kilian     9th January 2018 The Africa Energy Indaba (AEI) has entered into a strategic partnership with the South African Electrotechnical Export Council (SAEEC) to grow and develop the African energy sector with SAEEC member companies.   The SAEEC is a public–private partnership between South African business and the... 

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