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Latest News

Tanzania wants to build pipeline to pump gas to Uganda

By: Reuters     6th August 2018 Tanzania wants to build a pipeline to pump natural gas to neighbouring Uganda, another step in the two countries' bid to expand energy cooperation. State-run Tanzania Petroleum Development Corporation (TPDC) said on Monday that the pipeline would start from its capital Dar es Salaam, then pass... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand 

By: Terence Creamer     6th August 2018 State-owned electricity producer Eskom has confirmed that it has entered into a sales incentive pilot programme with nine large industrial customers in a bid to stabilise sales to electricity-intensive industries. The two-year sales incentive pilot programme, which commenced on June 1, has the... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand

KSB South Africa achieves Level 1 BBBEE status

By: Simone Liedtke     6th August 2018 KSB Pumps and Valves, which has offices in Gauteng’s East Rand, has achieved Level 1 broad-based black economic empowerment (BBBEE) status after black women-owned company Insikazi Synergies acquired a 30% stake in KSB South Africa. “Achieving Level 1 BBBEE status has marked a major milestone for... 

Group Five granted immunity from competition authorities for 15 construction projects 

By: Simone Liedtke     6th August 2018 The Competition Tribunal has approved a settlement agreement in terms of which construction company Group Five will receive immunity for cooperating with the Competition Commission’s investigation into the construction industry and disclosing its participation in 15 construction projects as a... 

Parkwood housing project in Cape Town gets under way

By: News24Wire      6th August 2018 A team of engineers, planners and designers is to visit seven sites next week where social and affordable housing will be built for backyarders in Parkwood and surrounding areas, GroundUp reports. This was announced by Western Cape MEC for Human Settlements Bonginkosi Madikizela at a joint... 

R100 000 reward offered for info on Cape Town train fires

By: News24Wire      6th August 2018 The Western Cape government is offering a R100 000 reward for information that could lead to the arrest and conviction of whoever is burning trains in Cape Town. "The R100 000 reward we are making available is our warning to these arsonists: You are being watched, you will be caught and we will... 

Two Eastern Cape towns to start 'water shedding' as dam empties

By: News24Wire      6th August 2018 Water will be cut off in the towns of Hankey and Patensie in the Eastern Cape from Monday and only switched on again for short periods to stretch what little is left in the Kouga Dam, the municipality has announced. "We have been trying to delay the need for water shedding, but the situation is... 

Energy access a catalyst for economic growth, says green energy company 

By: Simone Liedtke     3rd August 2018 Access to cheaper and reliable energy, through renewable energy technology, would be a catalyst for boosting the African continent’s gross domestic product (GDP) in a sustainable way, green energy technology provider New Southern Energy (NSE) CEO David Masureik told Engineering News Online in a... 

Energy access a catalyst for economic growth, says green energy company
New Southern Energy CEO David Masureik speaks to Engineering News Online about renewable energy projects and Africa's energy future. Video and Editing: Nicholas Boyd.

Imperial expects up to 16% y/y increase in FY18 HEPS

By: Creamer Media Reporter      3rd August 2018 JSE-listed Imperial Holdings expects its headline earnings per share (HEPS) for the financial year ended June 30 to rise by up to 16%. In a trading statement issued on Friday, it said it was likely to report HEPS of between R15.20 and R16.15, compared with HEPS of R13.90 in the 2017 financial year. 

Power system recovery to take 30 days, load-shedding risk remains high

By: Simone Liedtke     3rd August 2018 State-owned Eskom expects it will take up to 30 days for the power system to recover from the effects of the recent industrial action, which interrupted continuous processes at the power stations. During the 30-day recovery period, the risk of load-shedding remains high, it warned on Friday. 

Power system recovery to take 30 days, load-shedding risk remains high

Mondi declares €0.21 dividend on strong H1 performance

By: Marleny Arnoldi     3rd August 2018 LSE- and JSE-listed packaging and paper group Mondi has delivered a strong performance in the first half of this year, and declared an interim dividend of €0.21 a share. Mondi’s underlying earnings before interest, taxes, depreciation and amortisation are €852-million, which was up 17%... 

BBBEE Commission urges govt, private sector to do more on transformation

By: Marleny Arnoldi     3rd August 2018 JSE-listed companies have only 38% representation by black people on their boards, with males accounting for 20% and females accounting for 18%, a report produced by the Broad-Based Black Economic Empowerment (BBBEE) Commission on the national status and trends on BBBEE transformation for 2017... 

Health of private sector deteriorates as Standard Bank PMI falls below 50

By: Marleny Arnoldi     3rd August 2018 Standard Bank South Africa’s Purchasing Managers Index (PMI) slipped into contractionary territory for the first time in six months in July, with the start of the third quarter signalling a deterioration in the health of the South African private sector. The headline PMI fell from 50.9 in June... 

Health of private sector deteriorates as Standard Bank PMI falls below 50

UNTU says accepts CCMA’s offer to help resolve Gautrain wage dispute

By: Marleny Arnoldi     3rd August 2018 The United National Transport Union (UNTU) has accepted the invitation of the Commission for Conciliation, Mediation and Arbitration (CCMA) to try and resolve the Gautrain strike that entered its fifth day on Friday. Subsequently, Gautrain has also accepted the invitation, as it is concerned... 

UNTU says accepts CCMA’s offer to help resolve Gautrain wage dispute

Octodec uplifts Tshwane CBD

By: Marleny Arnoldi     3rd August 2018 JSE listed real estate investment trust (Reit) Octodec has uplifted the Tshwane central business district (CBD) with various residential, commercial, office and retail developments, with the aim of providing safe, clean and productive environments for the citizens of the city. The latest... 

Octodec uplifts Tshwane CBD
Photo by Dylan Slater
Sharon's Place in Pretoria CBD

JDA starts demolition works for new interchange in Wynberg

By: Marleny Arnoldi     3rd August 2018 As part of the City of Joburg’s Rea Vaya bus rapid transit (BRT) project along the Louis Botha development corridor, the Johannesburg Development Agency (JDA) is constructing the Watt interchange, in Wynberg. The works for the interchange include the demolition of the existing bridge and the... 

JDA starts demolition works for new interchange in Wynberg

Wits University-owned company launches entrepreneurial development unit

By: African News Agency      3rd August 2018 A private company owned by Wits University has launched a new unit to focus on entrepreneurial development. The company, Wits Enterprise, said the new unit, called The Entrepreneurial Wayz (TEWZ), would focus on aligning business ecosystems, developing strategic partnerships, building... 

Funding for SA firms seeking to increase African trade and investment exposure

By: Schalk Burger     3rd August 2018 Increased trade and interdependence with the rest of Africa are set to bolster the anaemic economy of South Africa through the R13.4-billion Export Credit Insurance Corporation of South Africa (ECIC) and African Export Import Bank (Afreximbank) South African Trade and Investment Promotion... 

Funding for SA firms seeking to increase African trade and investment exposure

Numsa takes Eskom's latest wage offer back to members

By: African News Agency      3rd August 2018 The National Union of Metalworkers of South Africa (Numsa) said on Friday that it would take the latest wage offer made by power utility Eskom to its members for ratification.  This, as Numsa, together with other trade unions, met with the management team of Eskom on Thursday under the auspices... 

Numsa takes Eskom's latest wage offer back to members
Numsa general secretary Irvin Jim

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke
Photo by Creamer Media
Implats CEO Nico Muller (left) and Implats group mining engineer Thabile Makgala

Aveng to sell Jet Park, Vanderbijlpark properties

By: Creamer Media Reporter      2nd August 2018 Construction firm Aveng has reached agreements to sell its Jet Park and Vanderbijlpark properties for R211.2-million and R42.6-million, respectively. Aveng in February announced its decision to sell certain noncore assets and properties following a strategic review of the business. 

Solidarity accepts Eskom's latest wage offer

By: African News Agency      2nd August 2018 Trade union Solidarity on Thursday said its members had accepted power utility Eskom's wage offer. In a statement, the union said "it would now do everything within its power to stabilise the power grid", after members indicated they would accept an offer of a 7.5% wage increase for this year, 7%... 

VW, Audi, Nissan provide best purchase, service experience, says Ipsos

By: Irma Venter     2nd August 2018 Volkswagen, Audi and Nissan last year delivered the best vehicle buying and servicing experience in South Africa, says the Ipsos 2017 Competitive Customer Experience survey. The research report, released on Thursday, is based on telephonic interviews with more than 20 000 South African customers... 

VW, Audi, Nissan provide best purchase, service experience, says Ipsos

London court rules DP World Djibouti contract 'valid and binding' – Dubai govt

By: Reuters     2nd August 2018 Dubai's government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World's port container terminal contract in Djibouti was valid and binding. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back... 

Japan steelmakers shrug off US tariffs in earnings but warn on automobile duties

By: Reuters     2nd August 2018 Japanese steelmakers reported little fallout in their first-quarter earnings from the US import tariffs on steel, but they all voiced growing concerns over possible US duties on automobiles which could hurt a wide range of Japan's industries. US President Donald Trump ordered a national security... 

New twist in M&R battle as takeover body disallows further progress on Aveng tie-up

By: Terence Creamer     2nd August 2018 The protracted tussle for control of Murray & Roberts (M&R) took yet another turn this week, after the Takeover Special Committee (TSC) overturned a June decision by the Takeover Regulation Panel (TRP), allowing M&R to continue with preparations for a potential combination with Aveng, despite the... 

New twist in M&R battle as takeover body disallows further progress on Aveng tie-up

Gauteng to enforce regulations on tow-truck industry

By: African News Agency      2nd August 2018 Gauteng MEC for Roads and Transport, Ismail Vadi, said on Thursday that he was amending the provincial road traffic act in a bid to regulate the towing industry in the province. Vadi said that the amendment of the act will help to better govern the towing industry and promote professional... 

Eskom postpones power interruptions to the Emfuleni municipality 

By: African News Agency      2nd August 2018 South African power utility, Eskom on Thursday said it has postponed the planned power interruptions to the Emfuleni municipality following a court interdict lodged by a group of local businesses in the greater Vaal area, in Gauteng. Eskom spokesperson Khulu Phasiwe said the businesses have asked... 

Altron to reveal new brand

By: Nadine James     2nd August 2018 JSE-listed information and communications technology service provider Altron on Thursday unveiled a new brand aimed at ensuring the company goes to market under a single identity. “Our new brand brings with it a new culture of how we do business,” said Altron CE Mteto Nyati. “Part of this is our... 

Franchising industry a major contributor to South Africa’s GDP

By: Anine Kilian     2nd August 2018 The franchising industry contributed 13.4% to the country’s gross domestic product (GDP) in 2017, the Franchise Junction CEO Thys van Zyl said on Thursday. Addressing delegates at the 12J Marketplace conference, in Johannesburg, he pointed out that the franchising industry not only contributed to... 

PwC suggests reviewing corporate culture to combat economic crime

By: Nadine James     2nd August 2018 Digital innovation and technology have given rise to new attack surfaces for economic criminals and fraudsters, resulting in the rate of instances growing at exponential levels, PwC’s 2018 ‘Global Economic Crime’ survey shows.   The survey, released on Thursday, notes that just under half of... 

IDC results give glimpse of the state of SA’s economy 

2nd August 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about what the Industrial Development Corporation’s (IDC’s) results for the 2018 financial year say about the state of the real economy, how the IDC is responding to its high level of impairments and how the... 

IDC results give glimpse of the state of SA’s economy
IDC results give glimpse of the state of SA’s economy

Vukile buys majority stake in Spanish property company

By: African News Agency      2nd August 2018 JSE-listed Vukile Property Fund announced on Thursday that it has acquired a controlling 51% stake in Morzal Properties Iberia in a bid to expand its property portfolio in Spain.  Last month, Vukile said it would be concluding an agreement to subscribe for shares in Morzal for an aggregate... 

PRASA issued a temporary safety permit

By: African News Agency      2nd August 2018 The Railway Safety Regulator (RSR) on Thursday said it has issued the Rail Agency of South Africa (PRASA) with a temporary safety permit. RSR spokesperson Madelein Williams said the temporary safety permit would be valid from August 2 to 31. 

Eskom offers investors up to $1.5bn of 10-year bonds – source

By: Reuters     2nd August 2018 South Africa's struggling state-owned power firm Eskom offered investors up to $1.5-billion of ten-year bonds on Thursday, a source familiar with the matter told Reuters. Separately, Eskom spokesperson Khulu Phasiwe said Eskom was planning a foreign bond sale and that the firm's chief executive... 

Commission granted 15-day extension in proposed OTS, Chevron South Africa merger

By: Creamer Media Reporter      2nd August 2018 The Competition Tribunal has granted the Competition Commission a 15 working day extension to consult interested parties to a proposed merger between Off the Shelf 56 (OTS) and Chevron South Africa (CSA). OTS, which already owns 25% of CSA, is seeking to acquire the remaining 75% interest in CSA... 

Solutions engender safety and reliability for chemical fasteners  

2nd August 2018 Construction industry service and technology provider Hilti South Africa is offering two innovative technologies – the HIT-Z rod and advanced on-site testing – to ensure safety and reliability for chemical fasteners. Tasneem Bulbulia tells us more. 

Solutions engender safety and reliability for chemical fasteners
Solutions engender safety and reliability for chemical fasteners

DTI’s Strachan steps in as SABS acting CEO

By: Creamer Media Reporter      2nd August 2018 Garth Strachan, previously the Department of Trade and Industry’s deputy director-general of the Industrial Development division, has been appointed acting CEO of the South African Bureau of Standards (SABS). This follows the resignation, effective August 1, of suspended former SABS CEO Dr Boni... 

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