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Latest News

Electricity situation ‘tense but stable’ – Eskom

By: Marleny Arnoldi     13th June 2018 State-owned power utility Eskom’s power stations and other critical facilities continue to operate optimally, in line with the contingency measures put in place to ensure security of power supply during a period of “wildcat strikes”.  

CIPC launches Extensible Business Reporting Language to relieve regulatory burden

By: Marleny Arnoldi     13th June 2018 The ease of doing business and particularly reducing the regulatory burden for businesses received a boost with the launch of the Companies and Intellectual Property Commission’s (CIPC’s) Extensible Business Reporting Language (XBRL) this week.  

CIPC launches Extensible Business Reporting Language to relieve regulatory burden
Trade & Industry Minister Dr Rob Davies at the XBRL launch, JSE

Q2 business confidence falls six points to 39 – RMB/BER

By: Reuters     13th June 2018 A South African business confidence index fell in the second quarter by six points, a survey showed on Wednesday, a sign the economy was struggling amid hopes that President Cyril Ramaphosa would help revitalise the country and attract investment. The Rand Merchant Bank (RMB) business confidence... 

MTN aims to launch mobile service in Namibia around August

By: Reuters     13th June 2018 MTN Group, Africa's biggest mobile telecoms firm, is aiming to launch a mobile service in Namibia around the end of August, a company executive told Reuters. Currently state-owned operator MTC dominates in Namibia, a country of two-million people. 

Digital revolution sees ticketless rail future, says Trenitalia

By: Irma Venter     13th June 2018 The digital revolution will soon affect rail operations at a station and ticketing level, said Trenitalia passenger affairs deputy director Enrico Trapazzo at Africa Rail, held in Johannesburg, on Wednesday. Barrier-less ticketing will enable passengers to walk straight through a station and... 

Medium-speed rail systems sufficient for Africa, most continents

By: Irma Venter     13th June 2018 Most continents, Africa included, should be “adequately serviced” by rail systems operating at speeds of between 150 km/h to 250 km/h, says Louis Berger Group rail programmes technical VP Vinay Mudholkar. Mudholkar is also a former Amtrak director and All Aboard Florida senior VP. 

Sea Harvest to acquire fishing business, stake in subsidiaries of Viking Fishing

By: Marleny Arnoldi     13th June 2018 A consortium of broad-based black economic empowerment investors, led by fishing and food business Sea Harvest together with its subsidiary Sea Harvest Corporation, has entered into sale agreements with Viking Fishing Holdings to acquire the fishing business and selected shareholdings of Viking... 

Mining companies combating malaria scourge – ICMM

By: Martin Creamer     13th June 2018 Mining companies are taking firm steps to help combat the scourge of malaria, which affects 3.3-billion people worldwide and kills a child every 30 seconds. International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton reports that: 

Mining companies combating malaria scourge – ICMM
International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton.

WTO chief warns of global downturn if trade dispute escalates

By: Reuters     13th June 2018 If the trade conflict between the United States and other countries intensifies, it could negatively impact the global economy and there are indications this is already happening, the head of the World Trade Organization warned. Asked if there was a risk for the global economy, WTO... 

Govt commits to saving jobs in steel industry 

By: African News Agency      13th June 2018 The South African government said on Tuesday that it will continue to work with the steel industry towards averting job losses in the sector, adding that it has put in place measures to save the steel industry from collapsing.  This emerged when officials from the Department of Trade and Industry... 

Govt commits to saving jobs in steel industry

NUM, Numsa reject Eskom wage offer, want Ramaphosa to intervene

By: African News Agency      12th June 2018 The National Union of Mineworkers (NUM) and National Union of Metalworkers of South Africa (Numsa) on Tuesday officially rejected Eskom's zero percent wage offer, saying that the state-owned power utility cannot plead poverty because it was "dealing with a self-imposed crisis". Last week, wage... 

NUM, Numsa reject Eskom wage offer, want Ramaphosa to intervene

Solidarity-ETM labour market index shows drop in job, wage security

By: Marleny Arnoldi     12th June 2018 Trade union Solidarity and ETM Analytics’ Labour Market Index (LMI), in the first quarter of this year, halted its continuing improvement since the first quarter of 2016.  

Barloworld concludes sale of Iberian Equipment operations

By: Anine Kilian     12th June 2018 The sale of JSE-listed Barloworld’s lossmaking Iberian Equipment operations to Italian group for R2.18-billion has closed. “The closing of the sale of Iberia is the first milestone in redeploying the group’s capital,” the company said in a statement on Tuesday. 

IMF says South Africa should spell out land reform plans to remove uncertainty

By: Reuters     12th June 2018 The International Monetary Fund (IMF) said on Tuesday that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment. South Africa's ruling African National Congress has said it plans to redistribute land without... 

IMF says South Africa should spell out land reform plans to remove uncertainty

Exemplar lists on JSE main board

By: Simone Liedtke     12th June 2018 Despite volatility in the current market, real estate investment trust (Reit) Exemplar REITail on Tuesday listed in the retail Reit sector of the main board of the JSE. Exemplar MD Jason McCormick on Tuesday said the listing will allow the company to stand alongside the “giants of commerce and... 

Exemplar lists on JSE main board
Photo by Dylan Slater
(Left-to-Right) JSE Capital Markets Director Donna Nemer, Exemplar MD Jason McCormick and Exemplar Executive Director John McCormick

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

PetroSA's GTL refinery could run out of natural gas in two years

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

African rail operators should jump to digital networks, says DB venture architect 

By: Irma Venter     12th June 2018 Similar to large parts of Africa jumping to mobile/phone-based Internet instead of using fixed-line access first, African railway operators should, from the onset, build systems that make use of the recent advances in technology, says Deutsche Bahn (DB) senior venture architect Henning Seeschaaf.... 

US embassy warns citizens to consider leaving district in north Mozambique

By: Reuters     12th June 2018 The US embassy in Mozambique said Americans should consider leaving a northeastern district close to a major gas field as imminent attacks are likely after suspected Islamist militants beheaded ten people and killed seven others since May. Any sign of militant activity is a concern for the... 

US embassy warns citizens to consider leaving district in north Mozambique

China's Tsingshan mulls $1bn steel plant in Zimbabwe

By: Reuters     12th June 2018 China's unlisted Tsingshan Holding Group on Monday signed a $1-billion outline agreement with Zimbabwe to build a steelmaking plant there after completing a feasibility study. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to... 

Eskom scrambles with contingency plans as workers strike looms

By: African News Agency      12th June 2018 South African state-owned power utility Eskom said on Tuesday it had put in place contingency measures to mitigate the impact of a planned strike by workers unions over the company's proposal not to increase wages. "Eskom has noted the statements made by the trade unions about their intentions to... 

Eskom scrambles with contingency plans as workers strike looms

Stor-Age reports continued strong trading results for FY18

By: Marleny Arnoldi     12th June 2018 Real estate investment trust Stor-Age has reported an 11.1% year-on-year total dividend increase to 97.8c a share for the year ended March 31.  

Stor-Age reports continued strong trading results for FY18
Stor-Age CEO Gavin Lucas

IMF's Lagarde says global economic outlook darkening by the day

By: Reuters     12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... 

IMF's Lagarde says global economic outlook darkening by the day
Photo by Reuters
IMF MD Christine Lagarde

Germany sees no quick solution to trade row with US, open to talks

By: Reuters     11th June 2018 Germany sees no immediate solution to the trade dispute between the United States and other major economies but remains open to talks "among friends", Economy Minister Peter Altmaier said on Monday, seeking to head off a full-blown global trade war. US President Donald Trump backed out of a joint... 

'No sacred cows': SAA boss plans deep cuts

By: Reuters     11th June 2018 Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan. Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio... 

'No sacred cows': SAA boss plans deep cuts

Davies bemoans corruption’s undermining of industrial policy capability

By: Marleny Arnoldi     11th June 2018 Trade and Industry Minister Dr Rob Davies on Monday said corruption undermines industrial policy capabilities.  

Davies bemoans corruption’s undermining of industrial policy capability
Trade and Industry Minister Dr Rob Davies

Solidarity declares dispute with Eskom over wage offer

By: Marleny Arnoldi     11th June 2018 Trade union Solidarity on Monday declared a dispute with State-owned power utility Eskom.  

Solidarity declares dispute with Eskom over wage offer

CSIR researching social media use for public safety

By: Schalk Burger     11th June 2018 The Council for Scientific and Industrial Research (CSIR) on Monday detailed work researchers are doing to put social media to use in identifying public safety incidents, including traffic collisions, crime incident patterns, emergencies, terrorism incidents and pandemics, and to develop tools... 

CSIR researching social media use for public safety

W Cape drought not over despite rising dam levels – Bredell

By: Natasha Odendaal     11th June 2018 Despite recent rains and the subsequent rise in dam levels in the Western Cape, the drought is far from over, Western Cape Local Government, Environmental Affairs and Development Planning Minister Anton Bredell warned on Monday. The average level for dams across the Western Cape for the week... 

Investec Aviation Finance assists SA Airlink in its fleet renewal strategy

By: Marleny Arnoldi     11th June 2018 Investec Aviation Finance has completed its first transaction with privately-owned airline SA Airlink, for the acquisition of three E170 aircraft.  

Investec Aviation Finance assists SA Airlink in its fleet renewal strategy

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Beneficiation opportunities in zinc, fuel cells – Oliphant
Photo by Wynand van der Merwe
Deputy Mineral Resources Minister Godfrey Oliphant (right) with Mining Weekly Online's Martin Creamer

Ncondezi power project in Mozambique nears JDA completion, financial close 

By: Marleny Arnoldi     11th June 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power and coal mine project in Tete, Mozambique, is nearing completion.  

M&R ‘disappointed’ about ATON’s response to proposed Aveng merger

By: Marleny Arnoldi     11th June 2018 Construction and engineering services company Murray & Roberts (M&R) has expressed its disappointment with German investment company and majority shareholder ATON, following ATON’s reaction to M&R’s interest in merging with construction engineering company Aveng.  

Denel welcomes debt extension

By: Simone Liedtke     11th June 2018 State-owned Denel has been granted an extension to repay its unsecured debt that was due on June 10. The extension is on a R290-million debt note that was taken up by Regiments Capital in June 2013, and a R400-million debt note in November 2015 and is “a welcome relief to the company as it... 

Douala Grand Mall construction under way in Cameroon

By: Marleny Arnoldi     11th June 2018 Raubex Renovo, a subsidiary of JSE-listed turnkey solutions provider Raubex, is building a shopping mall, complete with convention centre and cinemas, in Douala, Cameroon, which is aimed for completion by end-2019.  

Douala Grand Mall construction under way in Cameroon
Artist impression of Douala Grand Mall, in Cameroon

Public sector strike off as wage deal signed

By: Reuters     11th June 2018 A strike by South African public sector workers planned to start on Monday was called off after most trade unions accepted a government pay offer that exceeds Treasury provisions for salary increases. The stoppage was cancelled when more than 50% of unions in a bargaining council agreed to the... 

Public sector strike off as wage deal signed

Altron acquires iS Partners Group

By: Natasha Odendaal     11th June 2018 Allied Electronics (Altron) is moving to acquire the entire issued share capital of iS Partners for R225-million, effective July 1. Through wholly owned subsidiary Altron TMT, a share sale agreement was concluded that included iS Partners primary subsidiaries Karabina Solutions and Zetta Business... 

Draft National Climate Change Bill published for comment

By: African News Agency      11th June 2018 Environmental Affairs Minister Edna Molewa has published the draft National Climate Change Bill for public comment in the Government Gazette, her department said on Sunday. "The purpose of the bill is to build an effective climate change response and ensure the long-term just transition to a... 

Draft National Climate Change Bill published for comment
Photo by Creamer Media
Environmental Affairs Minister Edna Molewa

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