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Latest News

Eskom starts stage 2 load shedding

By: News24Wire      3rd December 2018 Eskom on Monday morning commenced with stage 2 load shedding, saying the rotational power cuts would likely continue until 22:00. This after it had on Sunday warned of a full day of load shedding on Monday, saying a number of power generating units were still out of service. 

Charts show South Africa's recession may be over

By: Bloomberg     3rd December 2018 South Africa is likely to emerge from its first recession in almost a decade as monthly indicators for the third quarter signal a modest rebound. Recoveries in manufacturing and trade are expected to drive growth momentum in Africa’s most industrialised economy. Statistics South Africa will on... 

Mboweni prioritizes regaining South Africa investment grade

By: Bloomberg     3rd December 2018 South Africa’s government is prioritizing regaining an investment grade rating on its debt as part of its plans to revive a stagnant economy, Finance Minister Tito Mboweni said. Moody’s Investors Service is the only one of the three major credit-rating companies that still assesses South Africa’s... 

Mboweni prioritizes regaining South Africa investment grade
Finance Minister Tito Mboweni

Germany seeks private funds for climate projects in Africa, elsewhere – newspaper

By: Reuters     3rd December 2018 Germany will unveil an initiative at UN talks on climate change this week to attract more private investment in projects in Africa and elsewhere, Development Minister Gerd Mueller said. Mueller told the RND newspaper network that Germany would "send a strong signal" at the UN climate conference... 

Rand firms as US-China trade truce revives risk appetite

By: Reuters     3rd December 2018 South Africa's rand firmed against the dollar in early trade on Monday as investor demand for riskier assets rose after China and the US agreed to a ceasefire in their trade war that has shaken global markets. At 0605 GMT, the rand traded at 13.7600 per dollar, 0.65% firmer than its New York... 

Rand firms as US-China trade truce revives risk appetite

Rebosis sells seven office assets to black-owned companies

By: Marleny Arnoldi     3rd December 2018 JSE-listed real estate investment trust (Reit) Rebosis Property Fund has, through its subsidiary Ascension Properties, entered into three sale and purchase agreements to dispose of seven properties in its office portfolio to various 100%-black-owned property developers. The disposals form part... 

Vodacom helps govt cut operational spend; develops apps for public service efficiency

By: Marleny Arnoldi     30th November 2018 Mobile operator Vodacom has assisted government in reducing some of its operational expenditure by around 56% in participating national and provincial public institutions over the last two years, through the company’s mobile communication services transversal (RT15) communications contract. The... 

Vodacom helps govt cut operational spend; develops apps for public service efficiency
Vodacom business chief sales officer Mickey Mashale

TCTA intends to expand its horizons 

By: Simone Liedtke     30th November 2018 Motivated by the idea of making an optimal contribution within the South African water sector, State-owned Trans-Caledon Tunnel Authority (TCTA) on Thursday reaffirmed its plans to explore ways in which it could expand its horizons and capacitate the organisation for the challenges the water... 

TCTA intends to expand its horizons
Photo by Dylan Slater
Recently appointed TCTA CEO Percy Sechemane

International nuclear school for Africa successfully held in South Africa for second time

By: Rebecca Campbell     30th November 2018 The International Atomic Energy Agency (IAEA) has reported that its second South Africa-IAEA Nuclear Energy Management (NEM) School, held in Johannesburg earlier this month, was attended by 23 young professionals from 13 African countries. The School was organised in conjunction with the... 

Trade deficit widens to R5.55bn in October

By: Reuters     30th November 2018 South Africa's trade deficit widened to R5.55-billion in October from a revised R3.83-billion deficit in September, official data showed on Friday. Exports rose by 8.5% on a month-on-month basis to R122.32-billion in October, while imports edged 9.7% higher to R127.87-billion, the South African... 

Swifambo loses SCA bid to retain R3.5bn 'tall trains' PRASA tender

By: News24Wire      30th November 2018 Controversial locomotive supplier Swifambo Rail Leasing has lost a Supreme Court of Appeal challenge to a High Court order that stripped it of a R3.5-billion tender with the Passenger Rail Agency of South Africa (PRASA). Last year, Judge J Francis in the South Gauteng High Court in Johannesburg... 

100 MW CSP project, developed by black-owned IPP, enters commercial operation  

By: Terence Creamer     30th November 2018 A new 100 MW concentrated solar power (CSP) plant, developed by black-owned independent power producer (IPP) Emvelo, officially entered into commercial operation this week, providing Eskom with a new dispatchable generation option at a time of severe supply-side constraints. Located in Upington,... 

100 MW CSP project, developed by black-owned IPP, enters commercial operation
The Ilanga CSP1 plant

Timetable laid out for further submissions in Zuma, Thales corruption case

By: African News Agency      30th November 2018 The Pietermaritzburg High Court on Thursday granted an order setting out the timetable for the prosecution of former president Jacob Zuma and French arms manufacturer Thales. However, Zuma’s legal team continued to claim that their client was not being treated fairly by the “dismissive” National... 

Afreximbank ropes in Russian companies to invest in railway projects in Africa

By: African News Agency      30th November 2018 The African Export-Import Bank (Afreximbank) said on Friday it had signed a memorandum of understanding with Russian Railways and the Russian Export Center (REC) to cooperate in implementing export and investment projects in the railway sector in Africa. Under the terms of the MoU, the parties... 

Cape Town households shoulder a bigger share of water restrictions so economy and business can recover

By: News24Wire      30th November 2018 Cape Town households will shoulder a bigger share of the new water restrictions to make more water available for the region’s economic drivers of agriculture, industry and tourism. This reflects a major shift in the way the region’s water is allocated, with agriculture getting a bigger share than... 

Saldanha iron-ore rail line to remain shut until Dec 9 after truck accident

By: Creamer Media Reporter      30th November 2018 State-owned Transnet has stopped all rail activity along the Saldanha iron-ore export line after a truck carrying an abnormal load with excessive height collided with a railway bridge between Vredendal and Lutzville, in the Western Cape. The accident, which took place at about 10:00 on Wednesday... 

More firms show interest in buying South Africa's Clover

By: Reuters     30th November 2018 South Africa's Clover Industries said on Friday other unnamed firms have shown interest in buying all its shares, after the dairy firm said in October it was in talks with a potential suitor. Clover, which processes products including yoghurt, beverages, cheese and olive oil, has not named any of... 

Almost half of coal power plants seen unprofitable to operate  

By: Bloomberg     30th November 2018 The surge in coal prices in the past three years is cutting into the profitability of power stations that burn the fuel, a prominent forecaster said. About 42% of the world’s coal generation capacity is losing money, according to Carbon Tracker, an energy researcher that advocates for climate... 

ACSA appoints interim CEO

By: Marleny Arnoldi     30th November 2018 Airports Company South Africa (ACSA) has appointed Bongiwe Mbomvu acting CEO, while the company is in the process of recruiting a permanent successor to outgoing CEO Bongani Maseko, who is stepping down on November 30. Under Maseko’s leadership, the King Shaka International Airport, in Durban,... 

ACSA appoints interim CEO
ACSA acting CEO Bongiwe Mbomvu

Ramaphosa to officiate at Atlantis SEZ opening on December 6

By: Marleny Arnoldi     30th November 2018 President Cyril Ramaphosa will on December 6 officiate the opening of the Atlantis special economic zone (SEZ), in the Western Cape. The launch of the 124.5 ha zone is designated for the establishment of a green technologies hub for the province.  

S&P maintains Eskom's CCC+ credit rating

By: African News Agency      30th November 2018 Standard & Poor’s on Thursday maintained Eskom's foreign and local currency long-term credit ratings at CCC+, below sub-investment status. The rating agency also affirmed Eskom’s ‘zaB’ and ‘zaB’ long and short-term national scale ratings. 

'Gigaba lied to Parliament over SAA financials', commission hears

By: African News Agency      30th November 2018 While director-general at the department of public enterprises, former Eskom CEO Tshediso Matona, tried to persuade South African Airways to support the now defunct The New Age (TNA) newspaper after the national carrier's bid adjudication committee turned it down, former SAA board chairperson... 

City of Johannesburg works with private firm to develop affordable housing in Bramley

By: African News Agency      30th November 2018 The city of Johannesburg said on Friday the first phase of a development in Bramley in which its planning department had an imput was now complete. It said mayor Herman Mashaba would on Monday join Africrest Properties in opening the Village and Spark School Development in the suburb. 

Western Cape govt partners with Liquid Telecom to expand WiFi access across province

By: African News Agency      30th November 2018 Western Cape Premier Helen Zille will oversee the signing of a deal with Liquid Telecom for a partnership on an expanded public WiFi network, the provincial government said. The expanded service will see a total of 1 600 public WiFi hotspot sites operate across the province with an increased data... 

Digital disruption to bring core engineering skills to fore 

By: Schalk Burger     30th November 2018 Far from posing a threat to engineering as a profession, local engineering experts believe that the digital transformation of industries and of society is amplifying the importance of the core competencies of engineering disciplines and bringing them to the fore. Defining and solving complex... 

Digital disruption to bring core engineering skills to fore

South African company shares innovation at Pollutec

By: Tasneem Bulbulia     29th November 2018 Be Green Engineering manager Jean-Fabrice Vandomel represented South Africa at environmental trade show Pollutec, being held in Lyon, France, this week. Be Green Engineering is a multidisciplinary green building engineering consultancy, with a specific focus on sustainable development. 

Council for Geoscience to finalise its data policy

By: Kim Cloete     29th November 2018 The Council for Geoscience (CGS) says it is will be finalising its data policy early next year following a moratorium on its geophysical data. The council put a moratorium on geophysical data after it discovered that someone had sold some of its data.   

BMW joins project to improve conditions for cobalt mining in Congo

By: Reuters     29th November 2018 German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency. Carmakers seeking to boost sales of electric cars are struggling to get their hands on... 

Vukile declares 7.5% H1 dividend growth

By: Simone Liedtke     29th November 2018 JSE-listed Vukile Property Fund on Thursday reported a 7.5% growth in dividends to 78.1c a share for the six months ended September 30. This is in line with the company’s full-year guidance, CEO Laurence Rapp said. 

DMR hopeful about shale gas prospects 

By: Kim Cloete     29th November 2018 The Department of Mineral Resources (DMR) and the Council for Geoscience (CGS) are upbeat about the prospect of shale gas in the Karoo. “Gas formations are starting to show already,” Mineral Resources Minister Gwede Mantashe told oil and gas investors at an event in Cape Town on Thursday. He said... 

Saice inaugurates its 116th president

By: Simone Liedtke     29th November 2018 The South African Institution of Civil Engineering (Saice) on Thursday inaugurated Brian Downie as the new president of the institution. Downie is the 116th president of Saice since the inception of the institution in 1903. 

Interim results confirm the bad state of Eskom’s financial health 

29th November 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Eskom’s interim financial results and the utility’s plans to turn its financial position around. 

Interim results confirm the bad state of Eskom’s financial health
Interim results confirm the bad state of Eskom’s financial health

Govt should urgently plan for massive cyclone storm damage in SA - Wits researcher

By: News24Wire      29th November 2018 The South African government should begin to urgently plan to deal with the impact of Category 5 storms resulting from an increase in the severity of cyclone activity in the Indian Ocean. According to Wits University researcher Dr Jennifer Fitchett, these storms are related to the increase in... 

Denel needs partners soon to survive – Wakeford 

By: Reuters     29th November 2018 South Africa's defence industry is facing a crisis as the State-owned arms maker Denel struggles to survive, and rapidly agreeing equity partnerships is the only way to save it, one of the country's top defence officials told Reuters. Denel's woes put at risk an industry estimated to directly... 

Rand likely to remain volatile, says deputy SARB governor 

By: News24Wire      29th November 2018 Exchange rate forecasts for the rand remain widely dispersed, deputy governor of the SA Reserve Bank (SARB) Daniel Mminele said on Wednesday. It is likely that the rand, along with other emerging market (EM) currencies, will remain volatile, he said at the Bloomberg FX'18 event in Johannesburg. 

 Rand likely to remain volatile, says deputy SARB governor
Photo by Bloomberg
SARB deputy governor Daniel Mminele

Mantashe lifts moratorium on oil, gas applications to kickstart exploration  

By: Kim Cloete     29th November 2018 Mineral Resources Minister Gwede Mantashe has announced he will amend the moratorium currently in place for the oil and gas sector, to allow for the processing of applications currently in the system. The moratorium, which was originally put in place in June, restricts the granting of... 

Mantashe lifts moratorium on oil, gas applications to kickstart exploration
Mineral Resources Minister Gwede Mantashe

Africa trade facilitation challenges need to be addressed, says Unctad

By: African News Agency      29th November 2018 The United Nations Conference on Trade and Development (Unctad) warns that market access gains made by Africa in the past two decades can be eroded unless the challenges of trade facilitation are addressed. Better transport, logistics and foreign investment are essential to smooth the way for the... 

Eskom to implement Stage 1 load-shedding until 22:00

By: Creamer Media Reporter      29th November 2018 Power utility Eskom on Thursday said it would implement Stage 1 load-shedding from 12:00 to 22:00. This is as a result of increased generation plant being out for planned maintenance and unplanned outages. 

Eskom to implement Stage 1 load-shedding until 22:00

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