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Latest News

Agbiz, IDC Agribusiness Confidence Index falls to lowest level in nearly a decade

By: Simone Liedtke     4th December 2018 While some subindices showed an increase from the third quarter, the Agbiz and Industrial Development Corporation’s Agribusiness Confidence Index weakened to 42 in the last quarter of the year, reflecting despondency in the sector. Subsequent to a decline from 54 to 48 points in the third quarter... 

The final frontier: who owns the oceans and their hidden treasures?

By: Reuters     4th December 2018 Ransom-hungry pirates, polar explorers, offshore oil giants - the race for the riches of the world's final frontier is on. From Thailand to Alaska, the battle to tap ever-dwindling resources from minerals to fish is spurring new conflicts over who has the right to the treasures of the deep seas. 

Universities excel in Greenovate Property and Engineering Awards

By: Simone Liedtke     4th December 2018 The University of Cape Town (UCT) has won the Greenovate Property Award 2018 and the Greenovate Engineering Award 2018, taking top place in both streams of the prestigious Greenovate Awards.   

Universities excel in Greenovate Property and Engineering Awards
The winning UCT team in the Greenovate Property Awards category comprised Michael Inskip, Samantha Johnson and Morgan Knowles, supervised by Saul Nurick and Karen Le Jeune

South African telescope confirms new evidence of white dwarf cannibalising its companion star

By: News24Wire      4th December 2018 Work by researchers operating the Southern African Large Telescope (SALT) in the Northern Cape has confirmed that a white dwarf star is cannibalising its companion star. The find has led astronomers to change their view on how massive radiation bursts occur on white dwarf stars. The star,... 

South African telescope confirms new evidence of white dwarf cannibalising its companion star
Photo by Marleny Arnoldi
Southern African Large Telescope

SA out of recession with 2.2% GDP growth 

By: News24Wire      4th December 2018 The South African economy has officially exited the recession after reporting 2.2% Gross Domestic Product (GDP) growth for the third quarter of the year, Statistics South Africa announced on Tuesday morning at a briefing in Pretoria.  South Africa slipped into a technical recession during the... 

 SA out of recession with 2.2% GDP growth

Equinor set to start talks with Tanzania over LNG project

By: Reuters     4th December 2018 Norway's Equinor is ready to start talks with the Tanzanian government over developing a liquefied natural gas (LNG) project to produce a huge offshore discovery in the deepwater block 2, the company said on Tuesday. Tanzanian President John Magufuli asked his government to proceed with... 

Outa asks SAHRC to investigate Sedibeng scheme

By: Natasha Odendaal     4th December 2018 The Organisation Undoing Tax Abuse (Outa) on Tuesday said it recommends the South African Human Rights Commission (SAHRC) probe the Sedibeng Regional Sanitation Scheme (SRSS) project during its investigation into the state of pollution in the Vaal river. The SRSS is supposed to protect the Vaal... 

Nkwinti shares update on Blue, Green Drop progress assessment tool reports

By: Marleny Arnoldi     4th December 2018 The 2017 Green Drop Progress Assessment Tool report will be released once the process of quality assurance has been concluded and the necessary approvals have been received, which is anticipated in June 2019, says Water and Sanitation Minister Gugile Nkwinti. In response to a Parliamentary... 

Nkwinti shares update on Blue, Green Drop progress assessment tool reports

Nigerian court adjourns case between MTN and central bank to December 12 – judge

By: Reuters     4th December 2018 A Lagos judge on Tuesday adjourned a hearing in an $8.1-billion dispute between South African telecoms firm MTN Group and Nigeria's central bank until December 12 after lawyers said they wanted to report back on settlement talks. The central bank has accused the firm of illegally sending... 

Imperial Logistics targets growth outside SA, adding global freight management capabilities 

By: Irma Venter     4th December 2018 Imperial Logistics aims to earn close to 80% of its revenue from outside South Africa, compared with the current 68%, says CEO designate Mohammed Akoojee. Akoojee will officially take over from current CEO Marius Swanepoel in the first half of 2019. 

 Imperial Logistics targets growth outside SA, adding global freight management capabilities
Mohammed Akoojee

Joburg most popular African city for fifth consecutive year – Mastercard survey

By: African News Agency      4th December 2018 Johannesburg has emerged as the most popular destination city in Africa for the fifth consecutive year, according to the annual Mastercard Global Destination Cities Index released on Tuesday.  The City of Gold, as Johannesburg is affectionately known, attracted 4.05-million international... 

Eskom implements Stage 2 load shedding

By: African News Agency      4th December 2018 Eskom on Tuesday said it was implementing load shedding across South Africa as it seeks to manage an electricity shortfall. "As a result of a shortage of capacity due to a number of generating units still out of service due to breakdowns, Eskom will be implementing Stage 2 rotational load... 

Eskom implements Stage 2 load shedding

National water dept, City differ on water consumption level for next year

By: News24Wire      4th December 2018 The national Department of Water and Sanitation has ruled that Cape Town needs to cut water consumption by only 10% for the year starting in December. This comes just days after the City of Cape Town announced that residents would need to cut consumption by a much bigger 30% for the coming year.... 

Glencore doing whatever it can to assist Eskom – Glasenberg 

By: Martin Creamer     4th December 2018 Diversified mining and marketing company Glencore is doing whatever it can to assist Eskom overcome its current coal supply issues, Glencore CEO Ivan Glasenberg has told Mining Weekly Online. “We’re looking at trucking coal and railing coal, 24 hours a day, seven days a week, to assist them on... 

Glencore doing whatever it can to assist Eskom – Glasenberg
Glencore CEO Ivan Glasenberg

11 SANDF soldiers guilty of committing assault while on peacekeeping mission

By: News24Wire      4th December 2018 The South African National Defence Force (SANDF) has found 11 of its members guilty of assaulting a 17-year old Congolese citizen in his country. In a "historic and ground-breaking trial" the defence force has, for the first time, used the Prevention of Combating and Torture of Persons Act to... 

Canada's construction steel buyers face tariff 'roulette'

By: Reuters     4th December 2018 Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country's market in the wake of US President Donald Trump's metals tariffs. With steel prices already high, the companies that... 

Pollutec covers full spectrum of environmental industry

By: Tasneem Bulbulia     3rd December 2018 Environmental trade show Pollutec concluded a successful fortieth anniversary, in Lyon, France, last week. This year’s event saw an increase in the number of international exhibitors and also hosted three new pavilions – Korea, Hungary and Italy. 

Pollutec covers full spectrum of environmental industry
Photo by Tasneem Bulbulia
Display depicting ocean pollution

Car, bakkie sales in the red in November, truck and export sales up 

By: Irma Venter     3rd December 2018 New-vehicle sales in November declined by 4.6%, to 47 486 units, compared with the same month last year. The newest sales numbers, released on Monday, indicated that November new-passenger car sales decreased by 5.4%, to reach 31 054 units. 

Car, bakkie sales in the red in November, truck and export sales up

AfDB, fund provide $200m in joint financing to support Nigeria electrification project

By: Simone Liedtke     3rd December 2018 The African Development Bank’s (AfDB’s) board of directors has approved a $150-million sovereign loan to the Nigerian government to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and... 

Seapro South Africa is the new authorised distributor of Cla-Val for SADC region

By: Simone Liedtke     3rd December 2018 Privately owned Seapro South Africa (SA) has been appointed the sole agent for Cla-Val in the Southern African Development Community (SADC) region. Cla-Val has also awarded Seapro SA the right to produce components and assemble its valves in South Africa, with Seapro having appointed a local... 

Seapro South Africa is the new authorised distributor of Cla-Val for SADC region

Airbus unveils first base for its very high altitude UAV

By: Rebecca Campbell     3rd December 2018 Europe-based global aerospace and defence company Airbus Defence and Space announced in Australia on Monday that it had opened the first operational launch site for its Zephyr “High Altitude Pseudo-Satellite” (Haps) at the Western Australian town of Wyndham. The Zephyr is a very high... 

Airbus unveils first base for its very high altitude UAV
Photo by Airbus
An artist’s impression of a Zephyr S flying in the stratosphere

Chinese brands driving Q3 smartphone growth

By: Natasha Odendaal     3rd December 2018 Chinese brands Huawei and Xiaomi are driving the growth of global smartphone sales, despite sales for most mobile phone manufacturers, including Samsung, declining, research and advisory company Gartner said on Monday. During the third quarter of this year, global smartphone sales to end-users... 

DST hosts hydrogen fuel cell technology conference

By: Nadine James     3rd December 2018 Global stakeholders in the multibillion-dollar fuel cell industry will meet in Pretoria this week for the thirtieth Steering Committee Meeting of the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE). The Department of Science and Technology (DST) will host the meeting... 

Class action against Tiger Brands certified by High Court

By: Simone Liedtke     3rd December 2018 The Johannesburg Local Division of the High Court of South Africa has granted an order certifying a class action against Tiger Brands. The class action certification follows a listeriosis outbreak in March at Tiger Brands’ subsidiary Enterprise Foods’ manufacturing facility in Polokwane, which is... 

African renewables IPP to list on Mauritian Stock Exchange

By: Simone Liedtke     3rd December 2018 Independent power producer (IPP) Africa Clean Energy Solutions (Aces) will list on the Mauritian Stock Exchange on December 14. The company will issue up to 600 000 new shares prior to the initial listing date. 

Transnet to modify operating model, corporate structure

By: Marleny Arnoldi     3rd December 2018 State-owned Transnet last week held a board strategy workshop to review the group’s deteriorating financial and operational performance. The first resolution to come out of the workshop was on the principles for the corporate design of a new operating model that is underpinned by financial... 

Transnet to modify operating model, corporate structure
Photo by Creamer Media
Transnet acting group CE Tau Morwe

Nigerian court to hear MTN and attorney general case on Feb 7 – registrar

By: Reuters     3rd December 2018 A Lagos court hearing concerning a dispute between South African telecoms firm MTN Group and Nigeria's attorney general over a $2-billion tax demand will take place on Feb. 7, a registrar said on Monday. MTN faces a $2-billion tax demand from the country's attorney general, a claim which the... 

Gupta mining boss JP Arora gunned down

By: News24Wire      3rd December 2018 The CEO of Gupta-owned JIC Mining, JP Arora, was killed in a shooting on New Road in Midrand on Saturday night, police have confirmed. SAPS spokesperson Captain Kay Makhubele said he could not confirm reports of Arora's car being sprayed with bullets. News24 has learned that Arora was returning... 

Construction starts on most technically advanced vessel ever built in South Africa

By: African News Agency      3rd December 2018 A South African black-owned shipbuilding company has taken big steps in the transformation of the maritime sector by forging ahead on a multi-billion rand build programme for a new hydrographic survey vessel for the country’s navy. On Friday, Southern African Shipyards (SAS) went one step further... 

Investors inject R502m into East London development zone

By: African News Agency      3rd December 2018 Meek Mines South Africa and Nulatex Condoms South Africa have announced a R502-million investment into the East London Industrial Development Zone (ELIDZ) expected to create 450 jobs for locals. Meek, which cuts and polishes diamonds mined for supply to both the domestic and foreign market, will... 

South Africa faces more power cuts, raising Ramaphosa reform risk

By: Reuters     3rd December 2018 South Africa faces more power cuts, electricity utility Eskom warned on Monday as it sought to prevent the collapse of its power grid in a test for President Cyril Ramaphosa's reforms. Eskom implemented a fifth day of controlled power cuts on Monday, putting more strain on an economy already... 

South Africa faces more power cuts, raising Ramaphosa reform risk

Absa PMI rises for first time in three months 

By: Marleny Arnoldi     3rd December 2018 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.5 index points in November from 42.4 in October – the first increase after three consecutive decreases. The improvement was mainly owing to four of the five main subcomponents rising.  

Coca-Cola Beverages Africa appoints new group chief executive

By: African News Agency      3rd December 2018 Coca-Cola Beverages Africa (CCBA) on Monday announced the appointment of Jacques Vermeulen as its new group chief executive, with effect from December 1. The company said Vermeulen has served as managing director of CCBA’s International Division, which covers all of CCBA’s Africa operations... 

100 MW Karoshoek Solar One CSP project commissioned in Northern Cape

By: Marleny Arnoldi     3rd December 2018 The 100 MW Karoshoek Solar One project was commissioned on November 30 – the latest success in government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Karoshoek is a concentrated solar project (CSP) that harvests the sun’s energy through a series of concave... 

100 MW Karoshoek Solar One CSP project commissioned in Northern Cape
Karoshoek Solar One plant

ELB awarded design, supply contract for Illovo sugar system in Malawi

By: Marleny Arnoldi     3rd December 2018 ELB Engineering Services has been awarded the design and supply contract for the sugar supply system for Illovo Sugar Malawi’s Dwangwa packing facility, in Malawi. ELB will provide Illovo with a new sugar supply system that complies with the sugar producer’s hygiene requirements, while reducing... 

Kibo to consider further deadline extension for Sepco III

By: Simone Liedtke     3rd December 2018 China-based Sepco III has requested a further extension on the Strategic Development Agreement with dual-listed Kibo Energy at the Mbeya coal-to-power project, in Tanzania. Kibo on Monday said the request would be considered by Kibo’s board this week. 

Group Five Kpone contract terminated, legal dispute resolution expected in early 2019

By: Marleny Arnoldi     3rd December 2018 Construction company Group Five has been issued with a notice of termination of its Kpone gas and oil-fired combined cycle power plant project, in Ghana, by its client Cenpower. In a statement issued late on Friday, Group Five denied Cenpower’s entitlement to terminate the contract, saying the... 

New APDP has right intent, but sets challenging targets, says Ford MD 

By: Irma Venter     3rd December 2018 Ford South Africa (SA) and sub-Saharan Africa is still digesting what exactly government’s revised Automotive Production and Development Programme (APDP) means for its operations in South Africa, says MD Neale Hill. Cabinet has approved extending the current APDP to 2035, but with a target of... 

New APDP has right intent, but sets challenging targets, says Ford MD
Neale Hill

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