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Latest News

Global agriculture innovators vie for top honours at Future Agro Challenge awards 

By: Megan van Wyngaardt     13th March 2017 Two South African innovators in the agriculture industry, Reel Gardening and Meat Naturally, will on Wednesday battle it out against 48 other agripreneurs for the title of Agripreneur of the Year. As part of agriculture innovation hub Future Agro Challenge’s (FAC’s) Global Championships, held in... 

Sanral appoints first research associate  

By: Anine Kilian     13th March 2017 A PhD candidate at the Nelson Mandela Metropolitan University, Keith Nare, has been appointed South African National Roads Agency Limited’s (Sanral’s) first ever research associate at the entity’s materials lab in Port Elizabeth, Eastern Cape. Nare’s role at the lab is to perform a role linking... 

Zimbabwe seeks new South African electricity supply deal 

By: Reuters     13th March 2017 Zimbabwe is negotiationg a new deal to continue importing power from South African utility Eskom to make up for shortfalls in generating capacity at its Kariba hydropower station, the country's energy minister said on Monday. In January last year Eskom agreed a one-year deal to sell up to 300 MW... 

Tanzania gives coal mining licence to Dangote after President's order

By: Reuters     13th March 2017 Tanzania has awarded a coal mining licence to the local unit of Nigeria's Dangote Cement as part of plans to lower the company's production costs and ease disruptions caused by energy shortages. The cement maker suspended output in December, citing technical problems and high production costs,... 

At least 48 people killed in garbage dump landslide in Ethiopia

By: Reuters     13th March 2017 At least 48 people, 15 of them children, were killed in a landslide at a huge garbage dump on the outskirts of the Ethiopian capital Addis Ababa, the city's spokesperson said on Monday. Hundreds of people live on the 50-year-old Reppi dump, the city's only landfill site, scavenging for food and... 

Denel signs agreement with German shipbuilding group

By: Keith Campbell     13th March 2017 South Africa’s State-owned defence industrial group Denel has signed a memorandum of understanding (MoU) with German shipbuilder ThyssenKrupp Marine Systems (TKMS). This agreement will allow Denel’s Maritime division to take responsibility for the maintenance of, and upgrades to, the South... 

Denel signs agreement with German shipbuilding group
Photo by South African Navy
The Valour-class frigate SAS Amatola

Molefe files urgent application over PRASA board dissolution

By: News24Wire      13th March 2017 Former PRASA chairperson Popo Molefe has filed an urgent application to the High Court in Johannesburg to have the decision to dissolve the board of the Passenger Rail Agency of South Africa by the Minister of Transport set aside. Molefe, along with the other fired directors of PRASA, have... 

Molefe files urgent application over PRASA board dissolution

ANC proposes tax on unused land to force owners to sell to the State

By: News24Wire      13th March 2017 The African National Congress (ANC) has proposed more taxes for unused land to force owners to sell their land to the State in an attempt to fast-track its failed land redistribution programme. Head of Economic Transformation Enoch Godongwana said the party was looking at a raft of taxes for... 

ANC proposes tax on unused land to force owners to sell to the State

ANC wants Presidency to have more powers to allocate State resources

By: News24Wire      13th March 2017 The frican National Congress (ANC) has proposed that the Presidency be strengthened to become a "strategic centre of power" in government, driving resource allocation within the state. This is one of the key proposals in the governing party’s policy document on legislature and governance released... 

ANC wants Presidency to have more powers to allocate State resources
Minister in The Presidency Jeff Radebe

Airline safety improves further in 2016

By: Anine Kilian     10th March 2017 The aviation industry’s all accident rate, measured in accidents per one-million flights, improved to 1.61 in 2016, from 1.79 in 2015. The latest data published by the International Air Transport Association (Iata) on Friday, further showed that the major jet accident rate, measured in hull... 

Africa’s first multidisciplinary design school opens in Cape Town

By: Kim Cloete     10th March 2017 Africa’s first multidisciplinary design school has been formally launched at the University of Cape Town (UCT). The Hasso Plattner Institute of Design Thinking, commonly known as the d-school, aims to foster innovation and encourage fresh ways of thinking. 

Electric vehicles won't depose stainless in nickel demand dynamics

By: Reuters     10th March 2017 Investors hoping for explosive nickel demand growth, in tandem with the electric vehicle (EV) revolution, could well be disappointed as any increase is seen as unlikely to change a market dominated by stainless steel producers. Some watching the frenzy of interest in battery materials such as... 

Electric vehicles won't depose stainless in nickel demand dynamics

South African defence company unveils increased range artillery round 

By: Keith Campbell     10th March 2017 South African defence company Rheinmetall Denel Munition (RDM) has reported that it has successfully qualified its 155 mm calibre M2005 Velocity Enhanced Artillery Projectile (VLAP). This is a longer-ranged enhancement of the company’s Assegaai series of 155 mm artillery rounds. The qualification... 

South African defence company unveils increased range artillery round
Photo by Rheinmetall Denel Munition
An RDM M2005 VLAP shell

Tongaat’s sugar, maize output to rise on improved rainfall

By: Megan van Wyngaardt     10th March 2017 Tongaat Hulett’s sugar production is expected to increase significantly over the next two years, as the company recovers from the adverse conditions, including drought, in the past two years. Based on good rainfall, the agriculture and agroprocessing business’s South African division is expected... 

Tongaat’s sugar, maize output to rise on improved rainfall

Transporters disagree with implementation of appointment only system at Durban terminal

By: Shirley le Guern     10th March 2017 The trucking fraternity has not taken kindly to an announcement on Friday by Transnet Port Terminals (TPT) that it will impose an appointment only system for trucks at the Pier 2 Container Port Terminal, in Durban, from April 1. At a presentation at the Container Terminal, regional manager Thula... 

Van Zyl first African to become senior managing officer at Toyota Motor Corporation 

By: Natasha Odendaal     10th March 2017 Toyota South Africa Motors (TSAM) chairperson and Toyota Motor Europe (TME) president and CEO Dr Johan van Zyl has become the first African to be promoted to senior managing officer by Toyota Motor Corporation (TMC). The appointment, a step up from managing officer, is effective April 1, two... 

Van Zyl first African to become senior managing officer at Toyota Motor Corporation
Toyota South Africa Motors chairperson and Toyota Motor Europe president and CEO Dr Johan van Zyl

PRASA locomotives contractor paid ANC 'fundraisers' 

By: News24Wire      10th March 2017 Less than a week after PRASA made its first payment of nearly R500-million to the supplier of the controversial Afro4000 locomotives, the latter's managing director paid an amount of R14.3-million into the account of a lawyer who had introduced himself as a fundraiser for the African National... 

PRASA locomotives contractor paid ANC 'fundraisers'

Sars to lay complaint with JSC against Judge Dennis Davis

By: African News Agency      10th March 2017 The South African Revenue Service (Sars) on Friday accused Judge Dennis Davis of “unashamedly” misleading the public by claiming that the revenue services was at a risk of imploding. This comes after Davis, chairperson of the Davis Tax Committee, addressed a conference on tax evasion and illicit... 

Landmark 80 MW peat-to-power project in Rwanda reaches financial close 

By: Anine Kilian     10th March 2017 A $350-million deal to finance an 80 MW peat-to-power project in Rwanda, which will improve access to electricity for the three-quarters of the country’s population that is currently off the grid, has reached financial close. The power plant, which is expected to increase installed capacity in... 

Economic development a competitive advantage for renewables bidders – juwi

By: Anine Kilian     10th March 2017 Since renewable-energy feed-in tariffs have decreased over the last few years – 35% and 78% for wind and solar respectively since 2008 – project owners are paying more attention to the competitive advantage they gain by focusing on economic development (ED) targets, such as increasing the number... 

EPP acquires mixed-development property in Poland

By: Anine Kilian     10th March 2017 JSE-listed Echo Polska Properties (EPP) has concluded an agreement to acquire 70% of the mixed-use Galeria Mlociny shopping centre, in Warsaw, Poland. The investment will be effected through EPP’s acquisition of 70% of the equity in Rosehill Investments, for an aggregate consideration of... 

EPP acquires mixed-development property in Poland

Basil Read maintains steady turnover in FY16

By: Megan van Wyngaardt     10th March 2017 Basil Read on Friday posted steady turnover at just over the R5-billion mark for the year ended December 31. This was, however, lower than the R5.5-billion turnover in 2015, mainly as a result of eliminating loss-making businesses and projects. 

Basil Read maintains steady turnover in FY16
Photo by Duane Daws
Basil Read CEO Neville Nicolau

Davies confident that black industrialists will succeed

By: Creamer Media Reporter      10th March 2017 The Department of Trade and Industry is confident that the 27 black industrialists that are the grant recipients of an aggregate R577-million under the Black Industrialists Incentive Scheme will be successful. Trade and Industry Minister Dr Rob Davies believes these companies will succeed in... 

Gautrain on par with global standards – RATP

By: Anine Kilian     10th March 2017 French-owned public transport operator Régie Autonome des Transports Parisiens (RATP) is confident that the addition of new rolling stock for South Africa’s Gautrain will generate significant benefits for the rapid-rail system. RATP is a shareholder of the Bombela Operating Company (BOC), which... 

Gautrain on par with global standards – RATP

'We are being intimidated' – Uber driver

By: News24Wire      10th March 2017 As metered taxi drivers blocked off roads near the OR Tambo International Airport on Friday in protest against Uber, drivers from that service protested against their own company for allegedly not protecting them. Uber driver Zweli Ngwenya told News24 that some drivers had submitted a memorandum... 

Office tower development seen heralding new Gauteng CBD

By: Anine Kilian     10th March 2017 Motorists on the N1 have had a front-row seat as accounting firm PwC’s 28-storey office building rose from the veld at the Waterfall City development, in Gauteng. Launching in February 2018, the high-rise building is potentially spearheading a new central business district (CBD) between... 

Office tower development seen heralding new Gauteng CBD

DTI content with mining equipment manufacturing sector collaboration

By: Creamer Media Reporter      9th March 2017 The Department of Trade and industry (DTI) on Thursday said it was “pleased” with the progress being made in developing South Africa’s mining equipment manufacturing sector under the umbrella of Mining Equipment Manufacturers of South Africa (Memsa). The department launched the initiative to... 

DTI content with mining equipment manufacturing sector collaboration
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Eskom energises a second 500 MVA transformer at the Ngwedi substation

By: Anine Kilian     9th March 2017 State-owned Eskom has energised and commissioned the second 500 MVA power transformer at the newly built Ngwedi substation, in Rustenburg, North West, bringing the total transformer capacity to 1 000 MVA. This will provide improved flexibility and reliability of the network in South Africa’s... 

Delayed legislation stopping mining from firing on all cylinders – Exxaro 

By: Martin Creamer     9th March 2017 South Africa’s economic growth remains inadequate to drive the changes required for the country’s socioeconomic challenges and the continued delay in the promulgation of key minerals legislation is deterring the investment required to make South Africa’s mining industry fire on all cylinders,... 

Delayed legislation stopping mining from firing on all cylinders – Exxaro
Mining Weekly Online’s Martin Creamer reports on Exxaro CEO Mxolisi Mgojo’s presentation of financial results. Video and Video Editing: Darlene Creamer 9.03.2017

Cementation Canada secures a win at #DisruptMining

By: Creamer Media Reporter      9th March 2017 Cementation Canada, a member of the Murray & Roberts group, has emerged as the co-winner of the $1-million dollar grand prize in the yearly #DisruptMining competition. Selected as one of five finalists from 153 submissions, the firm, which was also the winner of the prestigious People’s Choice... 

VW, Tata sign accord to explore cooperation – sources

By: Reuters     9th March 2017 Volkswagen has signed a memorandum of understanding (MoU) with Tata Motors to explore cooperation in India, sources close to the matter said, as the German carmaker takes a fresh attempt at conquering low-cost markets. The MoU will enable both carmakers to deepen exchanges about technology,... 

Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF 

By: Terence Creamer     9th March 2017 Sub-Saharan Africa (SSA) is currently the main destination for South African exports and its influence on the economic performance of South Africa is being “underestimated by many commentators”, International Monetary Fund (IMF) senior resident representative in South Africa Dr Montfort Mlachila... 

Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF

Intel eyes four critical interlinked focus areas of the digital era

By: Natasha Odendaal     9th March 2017 With the world continuing to scratch only the surface of what is possible in the digital era, information and communication technology giant Intel is, this year, narrowing its focus to four key areas it believes will play a critical role in society in future. Intel’s 2017 focus areas include... 

Intel eyes four critical interlinked focus areas of the digital era

Safeguarding cargo not sole responsibility of police, ACSA – CEO

By: African News Agency      9th March 2017 Companies dealing with handling cargo with valuables at airports should have their own security measures in place apart from those provided by the SA Police Service (SAPS) and the Airports Company of South Africa (ACSA), its CEO Bongani Maseko said. He said although cargo security was a... 

China steel, iron-ore hit one-month lows as sentiment sours

By: Reuters     9th March 2017 Iron-ore and steel futures in China fell to one-month lows on Thursday as investors pared back positions after pushing both commodities to multi-year highs last month. Amid stronger prices of steel and other raw materials last month, China's producer price inflation accelerated to its fastest... 

French minister rebukes LafargeHolcim over Trump wall comment

By: Reuters     9th March 2017 Swiss-French cement maker LafargeHolcim should think twice about supplying cement for the wall US President Donald Trump plans to build on the border with Mexico, French Foreign Minister Jean-Marc Ayrault said on Thursday. Trump's plan has caused a diplomatic crisis with Mexico, and in an... 

Government says corruption hotline yielding results

By: African News Agency      9th March 2017 A total of 3 600 government officials were found guilty of misconduct through information received through the National Anti-Corruption Hotline (NACH), resulting in the recovery of more than R400-million from guilty parties between 1 September 2004 and 31 January 2017, a statement from the... 

At least 17 firms express interest to operate Botswana national airline

By: Reuters     9th March 2017 At least 17 companies have expressed an interest in operating Air Botswana as the government embarks on its latest drive to privatise loss-making state companies. The transport department invited expressions of interest last month, saying it was open to proposals on various forms of privatisation... 

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