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Latest News

Sunrise Energy's R1bn LPG storage facility to boost energy security, downstream competition

By: Anine Kilian     7th August 2017 Sunrise Energy's R1.02-billion open-access liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, in the Western Cape, will enable the import of LPG in large quantities, boosting regional energy security and increasing downstream competition. The facility, which is Africa's... 

Daimler invests in startup that pools passengers travelling in a similar direction

By: Irma Venter     7th August 2017 Daimler Buses’ subsidiary EvoBus has secured a minority investment in CleverShuttle. Based in Berlin, Germany, CleverShuttle pools passengers travelling in a similar direction together in an electric vehicle, driven by a professional driver. The startup’s app determines the fastest and cheapest... 

 Daimler invests in startup that pools passengers travelling in a similar direction

TrenTyre rolls out FleetFirst tyre management programme in S Africa

By: Irma Venter     7th August 2017 TrenTyre has launched FleetFirst, a tyre management solution offered by Goodyear, in the South African fleet market. FleetFirst currently takes care of more than 200 000 trucks in 28 European countries, including Spain and the UK. 

TrenTyre rolls out FleetFirst tyre management programme in S Africa

BMW SA approaches govt to scrap import duty on electric vehicles 

By: Irma Venter     7th August 2017 BMW Group South Africa (BMW SA) is seeking 0% import duties on pure electric vehicles (EVs). The local arm of the German car maker in December 2016 submitted a formal application to the International Trade Administration Commission of South Africa (Itac) for the reduction of the import duty on... 

BMW SA approaches govt to scrap import duty on electric vehicles
Photo by Duane Daws
The BMW i3

Aurecon appoints MD for Infrastructure, subject matter expertise to contribute to global portfolio

By: Mia Breytenbach     7th August 2017 Global engineering and infrastructure advisory firm Aurecon has appointed Ben Stapleton as MD of Infrastructure. “The appointment reflects Aurecon’s commitment to providing user-focused, innovative solutions to government and private sector clients as they tackle current and future infrastructure... 

Aurecon appoints MD for Infrastructure, subject matter expertise to contribute to global portfolio
Aurecon Infrastructure MD Ben Stapleton

Draft defence industry empowerment code gazetted

By: Keith Campbell     7th August 2017 Trade and Industry Minister Dr Rob Davies has approved and gazetted for public comment the draft Broad-Based Black Economic Empowerment (BBBEE) code for the defence industry, the Department of Trade and Industry (DTI) announced on Friday. In line with the BBBEE Act, there will now be a 60-day... 

Draft defence industry empowerment code gazetted
Trade and Industry Minister Rob Davies

New committee set up to accelerate digital migration

By: Natasha Odendaal     7th August 2017 With another new deadline set for South Africa’s long-awaited migration from analogue to digital terrestrial television (DTT), Communications Minister Ayanda Dlodlo has set up an advisory committee to accelerate the project. In line with this, she has engaged key stakeholders, including... 

Unemployment steady at 27.7% in second quarter

By: Reuters     7th August 2017 South Africa's unemployment rate remained unchanged at 27.7% of the labour force in the second quarter from the first quarter, data from the statistics office showed on Monday. In its quarterly labour force survey, which polls households, Statistics South Africa said this amounted to... 

Blue Label concludes Cell C recapitalisation

By: Natasha Odendaal     7th August 2017 JSE-listed Blue Label Telecoms has wrapped up the R5.5-billion recapitalisation of mobile operator Cell C, taking a 45% ownership, through subsidiary The Prepaid Company, of issued share capital of Cell C more than a year after first initiating the deal. In an update to shareholders on Monday,... 

Blue Label concludes Cell C recapitalisation
Blue Label joint CEO Brett Levy

City of Johannesburg finances in a healthy state, says finance MMC Dagada

By: African News Agency      7th August 2017 The City of Johannesburg has refuted allegations made by the African National Congress in Johannesburg on Sunday about the city’s financial position. “The comments are nothing more than the ANC’s attempt at reviving [former mayor] Parks Tau’s political career from the ashes,” mayoral committee... 

Uganda, Tanzania start work on construction of $3.5bn oil pipeline

By: Reuters     7th August 2017 The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55-billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda's western region,... 

Gigaba orders forensic investigation into Tegeta report

By: Creamer Media Reporter      4th August 2017 National Treasury is set to undertake a forensic investigation into the Tegeta report which it handed over to Parliament’s Standing Committee on Public Accounts (Scopa). The investigation deals with the processes related to coal supply contracts awarded to Gupta-linked Tegeta Exploration and... 

China to lend Zambia over $280m to improve telecoms

By: Reuters     4th August 2017 China will lend Zambia $282-million to improve the nation's telecommunications infrastructure and increase mobile phone usage over three years, the Chinese ambassador said on Friday. Zambia, Africa's No.2 copper producer, has over 12-million mobile phone service subscribers, equivalent to about... 

South Africa had a ‘slow slide’ into junk status – S&P’s

By: Natasha Odendaal     4th August 2017 South Africa’s slump from “rising star” to “fallen angel” was not an abrupt overnight downfall, but rather a slow slide following the country’s failure to fully recover from the devastating 2008/9 global crisis. Despite the turmoil, the country had held on to its investment grade ratings for over... 

AfriBusiness supports renewable energy  

By: Anine Kilian     4th August 2017 Business rights watchdog AfriBusiness this week said it supports the stance of Cape Town Mayor Patricia de Lille on renewable energy and welcomes possible court action against State-owned Eskom. This court action is being considered as a result of the refusal by Eskom and the national government... 

Gunvor offers Equatorial Guinea funding help in bid for LNG

By: Reuters     4th August 2017 Gunvor has offered to help Equatorial Guinea with financing as the Swiss commodity trader looks to edge out rivals bidding for supply from Africa's first deepwater floating liquefied natural gas (FLNG) plant. Gunvor, Vitol and Royal Dutch Shell have been shortlisted for an LNG off-take deal from... 

FairPlay summit addresses plight of retrenched chicken industry workers

By: Anine Kilian     4th August 2017 Nonprofit development organisations and the private sector met this week to discuss the plight of thousands of chicken industry workers who have been rendered jobless as a result of dumped chicken imports. Dumped products – sold below the cost of production in the home country – have put the... 

US embassy welcomes new Consul General in Johannesburg

By: Anine Kilian     4th August 2017 Michael McCarthy has been appointed Consul General to to lead the US Consulate General in Johannesburg. “Our consulates serve as essential elements of our diplomatic mission here in South Africa, promoting trade, building business ties, facilitating security cooperation and delivering consular... 

Sacci, Outa welcome appointment of Jarana as SAA CEO

By: Creamer Media Reporter      4th August 2017 The South African Chamber of Commerce and Industry (Sacci) and the Organisation Undoing Tax Abuse (Outa) on Friday welcomed the appointment of Vuyani Jarana as the new CEO of South African Airways (SAA). He is the first permanent CEO to be appointed at the airline since 2014.   “He is a person... 

Sean Gilbertson takes over Gemfields' reins as new CEO

By: Martin Creamer     4th August 2017 Long-serving Gemfields executive board member Sean Gilbertson, who was recently appointed executive director of Pallinghurst, is the new CEO of Gemfields, the coloured gemstone mining and marketing company that has delisted from the London Aim and is now an unlisted subsidiary of Pallinghurst.... 

Sean Gilbertson takes over Gemfields' reins as new CEO
New Gemfields CEO Sean Gilbertson

Transnet mulls options to improve Durban port efficiencies

By: Shirley le Guern     4th August 2017 Improving ship turnaround times, implementing a scheduling system to alleviate crippling truck congestion at the Durban Container Terminal (DCT) and rescheduling construction of the Durban Dig Out Port (DDOP) were some of the key topics discussed during a business-to-business breakfast hosted by... 

Transnet mulls options to improve Durban port efficiencies
Locomotives at the Port of Durban, South Africa

Gigaba warns of wider risk of SAA default

By: African News Agency      4th August 2017 Finance Minister Malusi Gigaba on Friday voiced frustration at the slow pace at which South African Airways was taking steps to stem its financial losses and warned that defaulting on its debt payments could trigger a wider reaction from state-owned entities’ lenders. Gigaba said one example was... 

Gigaba warns of wider risk of SAA default

As batteries make power play, South Africa mulls market participation

By: Irma Venter     4th August 2017 The world changed more than could be imagined in the 1990s. Not only was it the advent of all things Internet and digital connectivity, it also saw the birth of the rechargeable lithium battery, required to charge humankind’s new tools, such as cellphones and laptop computers. Today, the chase is... 

As batteries make power play, South Africa mulls market participation

Volume of recycled glass almost doubled in past financial year 

By: Dylan Slater     4th August 2017 The recycling rate for all glass packaging in the 2015/16 financial year increased by 41.1%, with more than 80%, or 2.77 t, of all glass bottles being diverted from landfills, according to the latest figures released by glass-recycling promotion organisation The Glass Recycling Company (TGRC).  

Land Bank hikes FY17 profits to R372m

By: African News Agency      3rd August 2017 The Land and Agricultural Development Bank on Thursday, released a strong set of results for the financial year ending March 31, 2017, as the group and bank generated a profit of R372.2-million and R316.3-million respectively, compared to R181.9-million and R94-million in 2016. The bank said this... 

Treasury announces new SAA CEO, completes first three economic ‘action plans’ 

By: Natasha Odendaal     3rd August 2017 Three key deadlines for specific actions within the National Treasury’s new 14-point plan have been met, with the appointment of new South African Airways (SAA) CEO Vuyani Jarana this week marking the third completed task. Jarana, currently Vodacom Business CEO, is set to start once his... 

Treasury announces new SAA CEO, completes first three economic ‘action plans’

Competition Commission raids premises of 25 fire sprinkler installers 

By: Anine Kilian     3rd August 2017 The Competition Commission on Thursday carried out simultaneous and coordinated search and seizure raids at the premises of the Automatic Sprinkler Inspection Bureau (Asib) and 24 fire control and protection services companies that are members of Asib. This is the largest number of premises... 

MTN sets out to prove it’s the best custodian of emerging market assets after H1 recovery

By: Natasha Odendaal     3rd August 2017 As telecommunications giant MTN starts to recover from a turbulent 2016, new CEO Rob Shuter is laying the growth foundation to leverage future opportunities through an enhanced six-pillar strategy. Shuter, who took the reins in mid-March, unveiled the development of a new growth plan – dubbed... 

Mondi sees 6% decrease in H1 profit

By: Anine Kilian     3rd August 2017 JSE-listed Mondi’s underlying profit fell by 6% year-on-year to €497-million for the six months ended June 30. Underlying earnings before interest, taxes, depreciation and amortisation for the period, adjusted for the year-on-year movement in the forestry fair value gain, was up 3%.... 

Business supports marches planned for next week

By: Sane Dhlamini     3rd August 2017 Business Leadership South Africa (BLSA) has come out in support of the national action and planned marches around Parliament by various groupings, set to take place next Tuesday between 12:00 and 14:00, amid MPs much-anticipated voting in the motion of no confidence bought against President Jacob... 

Business supports marches planned for next week

Nigeria's State oil company signs deals with Chevron, Shell

By: Reuters     3rd August 2017 Nigeria's state oil company said on Thursday it had signed agreements with Chevron and Shell to boost crude production and reserves. The Nigerian National Petroleum Corporation (NNPC) said a joint venture agreement with Chevron Nigeria Limited would see the development of proven and probable... 

Gold Fields sells Australian gold mine

By: Martin Creamer     3rd August 2017 A wholly owned subsidiary of the Australian Stock Exchange-listed mining company Red 5 has bought the Darlot gold mine in Western Australia from South Africa’s Gold Fields for A$18.5-million. In the past three years, Darlot produced more than 241 000 oz of gold. 

Gold Fields sells Australian gold mine
Photo by Duane Daws
Gold Fields CEO Nick Holland

South Africa’s radioisotopes company shines globally

By: Keith Campbell     3rd August 2017 South African nuclear company NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation (better known as Necsa), has increased its production of, and its share in the global market for, the Molybdenum-99 (Mo-99) radioisotope, the company announced on... 

South Africa’s radioisotopes company shines globally
NTP Radioisotopes MD Tina Eboka

IDC addresses transparency, governance concerns 

     3rd August 2017 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about new measures being implemented by the Industrial Development Corporation (IDC) to improve transparency and governance, as well as about the IDC’s investment and disbursement plans for the current financial year. 

IDC addresses transparency, governance concerns
IDC addresses transparency, governance concerns

Cash-flush Randgold in massive Côte d’Ivoire gold discovery

By: Martin Creamer     3rd August 2017 The exploration team of Randgold Resources, which on Thursday reported a 53% leap in half-year profits, plus cash on hand of $572.8-million even after the $94-million dividend payout, has defined a large target in Côte d’Ivoire, which is considered to be “potentially the most exciting gold... 

Cash-flush Randgold in massive Côte d’Ivoire gold discovery
Photo by Duane Daws
Randgold Resources CEO Mark Bristow

Joburg Property Company showcases city’s heritage 

     3rd August 2017 The Johannesburg Property Company invited media in June to view some of its property initiatives around the city, which includes the refurbishment of two heritage sites.  

Joburg Property Company showcases city’s heritage
Joburg Property Company showcases city’s heritage.

Sappi Q3 profit up 81% y/y

By: Anine Kilian     3rd August 2017 JSE-listed Sappi delivered solid profits of 81% and reduced debt by a further 17% for the year ended June 30, 2017. The company reported earnings before interest, taxes, depreciation and amortisation of $155-million for the period and earnings per share of 11c. 

DRA makes top origination appointment

By: Martin Creamer     3rd August 2017 Multi-disciplinary global engineering group DRA has appointed Pierre Julien to lead the company’s global origination team as executive VP origination. With more than 22 years of senior level industry experience, Julien has been tasked with identifying and accessing new business channels, seeking... 

DRA makes top origination appointment
Photo by Duane Daws
DRA Group Holdings CEO Wray Carvelas (left) with Mining Weekly Online's Martin Creamer in Johannesburg.

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