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Latest News

S Africans satisfied with improvements in metros – survey

By: Sane Dhlamini     3rd August 2017 South Africans have seen a marked improvement in the performance of local government aside from the metropolitans Cape Town and Buffalo City, according to an Ipsos survey conducted after the local government elections on August 3. The Khayabus study, for which 3 598 South Africans 15 years and... 

South Africa's private-sector activity barely improved in July – PMI

By: Reuters     3rd August 2017 Activity in South Africa's private sector was barely improved in July with business conditions overall remaining subdued despite an uptick in inventories and employment, a survey on Thursday showed. South Africa's Standard Bank Purchasing Managers' Index (PMI) rose to 50.1 in July from 49.0 in... 

Cutting number of SA provinces is against the law – Free Market Foundation

By: African News Agency      3rd August 2017 The Free Market Foundation (FMF) on Thursday warned that any attempt to reduce the number of provinces from nine to six, as suggested by the African National Congress (ANC), would be against the law and an affront to democracy. The ANC first mooted the reduction of the number of provinces in... 

Stuttaford Van Lines charged for collusive tendering in government furniture transportation

By: African News Agency      3rd August 2017 Furniture removal company, Stuttaford Van Lines, on Wednesday was charged with 649 counts of collusive tendering relating to hundreds of government tenders issued for furniture transportation.  The Competition Commission, which charged Stuttaford, said this included tenders issued by the... 

Damaged overhead wires delay Johannesburg trains – Metrorail

By: African News Agency      3rd August 2017 Metrorail said on Thursday that commuter train services operating in Johannesburg were experiencing delays of up one hour in the morning following infrastructural challenges. The commuter train operator said Train 0841 had damaged overhead wires at Jeppe Station, which resulted in fibre break... 

Africa urged to focus on industrialisation to boost economic growth

By: Anine Kilian     2nd August 2017 The Southern African Development Community (SADC) region must diversify away from its reliance on commodities for economic growth and prioritise industrial development, SADC regional standardisation president Dr Eve Gadzikwa said on Wednesday. “Industrialisation can contribute to transformation... 

Astral farm hit by second avian influenza outbreak

By: Natasha Odendaal     2nd August 2017 JSE-listed Astral Foods on Wednesday said a second of its poultry farms has been hit by the H5N8 avian influenza outbreak sweeping across South Africa. In June, the strain had been isolated on one of Astral’s breeding sites in Villiers, costing the company some R25-million. 

Albany launches R350m revamped Bellville bakery

By: African News Agency      2nd August 2017 Albany Bakeries on Wednesday launched a R350-million investment into a new bakery in Bellville in the Western Cape, which includes the building of a brand-new plant and an upgrade of interiors of the existing plant. The new building occupies 6 884 m2, compared to an area of 3 766 m2 in the old... 

ABB opens new office in Namibia

By: Natasha Odendaal     2nd August 2017 Technology multinational ABB has unveiled a new 2 200 m² facility in the heart of Windhoek, after the consolidation of two of its Namibia-based offices. The merge boosted the group’s capacity to better supply, maintain and service products in the local market and neighbouring countries, such as... 

SMMEs need better access to markets, finance

By: Anine Kilian     2nd August 2017 The biggest challenge facing small, medium-sized and microenterprises (SMMEs) in the Southern African Development Community (SADC) is access to markets, says consulting firm Tutwa Consulting researcher Anna Ngarachu. Addressing delegates at the SADC Industrialisation Week Conference, in... 

PMI, weaker rand does not bode well for manufacturing – Seifsa

By: Natasha Odendaal     2nd August 2017 The poor performance of Absa’s July Purchasing Managers’ Index (PMI) and the weakening of the rand will place continued pressure on the manufacturing sector, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Wednesday. The seasonally adjusted Absa PMI declined by... 

Goodyear to wrap up R1bn investment in E Cape plant this year

By: Irma Venter     2nd August 2017 Goodyear South Africa (SA) will wrap up its R1-billion investment programme into the company's Uitenhage plant, in the Eastern Cape, by the end of the year, says group FD Manoel Almeida. The investment programme started in 2015. 

Goodyear to wrap up R1bn investment in E Cape plant this year

Minister lauds court ruling invalidating two PRASA contracts worth millions of rand

By: African News Agency      2nd August 2017 Transport Minister Joe Maswanganyi on Wednesday said he “welcomes” the Pretoria High Court judgment ruling two contracts entered into by Passenger Rail Agency of South Africa (PRASA) with Fenton Gastin, its CFO, were invalid. The first contract that was found to be invalid was the one entered... 

South Africa's telecoms regulator eyes new mobile tariff regulations

By: Reuters     2nd August 2017 South Africa could impose a new plan to lower mobile call termination rates when the current three-year regulations end on September 30, the telecom regulator's acting chairman said on Wednesday. The Independent Communications Authority of South Africa (Icasa) in 2014 implemented a three-year... 

Zim staves off punitive action by Eskom, again – report 

By: News24Wire      2nd August 2017 Zimbabwe government officials have held "tough negotiations" with managers at Eskom to prevent South Africa’s power utility cutting off supplies over a $40-million debt. Cash-strapped Harare has been given another chance not to default on a repayment plan, which had seen Eskom threatening to cut... 

BP's West Africa partner Kosmos to list in London by end-September

By: Reuters     2nd August 2017 Kosmos Energy, which is exploring for gas offshore Senegal and Mauritania with oil major BP, will list on the LSE by the end of September in a bid to attract more European investors, it said on Wednesday. Kosmos, which has been listed in New York since 2011, announced a major gas find in... 

Zambia’s offgrid homes to be equipped with pay-to-own solar home systems

By: Natasha Odendaal     2nd August 2017 Energy and financial services firm Fenix International is working to deploy pay-to-own solar home systems in Zambia leveraging telecommunications giant MTN’s mobile money platform. In partnership with the Swedish Embassy in Zambia, which committed nearly $3-million to the project up to 2020,... 

Brown sacks personal assistant over Gupta links

By: African News Agency      2nd August 2017 Public Enterprises Minister Lynne Brown on Wednesday asked her personal assistant Kim Davids to resign after details of her ties to the controversial Gupta family emerged. ”This past week I have been confronted by allegations against Ms Davids. In the interest of fairness, I asked Ms Davids to... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum
Photo by Duane Daws
Royal Bafokeng Platinum CEO Steve Phiri

Atlantis to be designated as an SEZ

By: Natasha Odendaal     2nd August 2017 Trade and Industry Minister Dr Rob Davies is preparing to issue a gazette outlining an intention to designate the proposed Atlantis Special Economic Zone (SEZ). The SEZ Advisory Board-recommended action followed an application for designation by the Western Cape Department for Economic... 

Zille to bill Mokonyane millions for water systems maintenance, repairs 

By: News24Wire      2nd August 2017 Western Cape Premier Helen Zille is planning to slap Minister of Water and Sanitation Nomvula Mokonyane with a bill for R3.5-milllion for water infrastructure maintenance that she believes the national department should have done. The national government is responsible for the maintenance of... 

Mayor Mashaba vows to end residents' billing woes

By: News24Wire      2nd August 2017 Johannesburg mayor Herman Mashaba has vowed to take charge of the billing crisis residents have been complaining about for years. "I promised the residents that they would get our very best to relieve them of the misery they have endured at the hands of our billing system. Unfortunately, to date,... 

Localisation in infrastructure development in SADC critical for industrialisation

By: Anine Kilian     1st August 2017 Localisation in infrastructure development across the Southern African Development Community (SADC) region is critical for industrialisation, according to African Integration and Industry chief director Nigel Gwynne-Evans, who spoke at the SADC Industrialisation Week in Johannesburg on Tuesday.... 

Study highlights ‘worrying’ low-investment trend among large JSE-listed firms 

By: Terence Creamer     1st August 2017 New research by the Centre for Competition, Regulation and Economic Development (CCRED) shows the largest 50 companies listed on the JSE expanded their financial reserves to R1.4-trillion by the end of 2016, contradicting arguments that investment in South Africa was being undermined by a lack of... 

Study highlights ‘worrying’ low-investment trend among large JSE-listed firms

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

New report shows municipalities still fall short in drinking water quality, sewage treatment 

By: Natasha Odendaal     1st August 2017 The drinking water of three municipalities in South Africa have failed to meet the national standards for quality drinking, while 59 failed to meet the set quality standards for sewage systems, civil rights organisation AfriForum said on Tuesday. This followed the nationwide testing of the... 

AfriSam stresses the need for industry consolidation

By: David Oliveira     1st August 2017 Cement manufacturer AfriSam sales and marketing executive Richard Tomes has stressed the need for the cement manufacturing industry to consolidate. On a site visit with members of the media to its Ulco plant, in the Northern Cape, on Tuesday, he said the situation in the industry was “pretty... 

AfriSam stresses the need for industry consolidation

Spectrum constraints leave rural regions behind the data wave

By: Natasha Odendaal     1st August 2017 One-million citizens in rural areas are still sidelined in the data communication evolution as it becomes increasingly more difficult – and costly – without additional spectrum to expand into the far flung areas that are home to a handful of South Africa’s population. Despite the unprecedented... 

Collaboration key to developing gas projects in SADC region 

By: Anine Kilian     1st August 2017 The successful execution and implementation of energy projects in the Southern African Development Community (SADC) region, such as the Mozambique–South Africa gas pipeline project, depends on adequate collaboration between SADC member states and the owner-operators of the project, according to... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri is interviewed by Mining Weekly Online’s Martin Creamer on the tough current passage of the struggling platinum industry. Video and Video editing: Darlene Creamer 1.8.2017

Kubayi refutes CEF board suspension report 

By: Creamer Media Reporter      1st August 2017 Energy Minister Mmamoloko Kubayi on Tuesday refuted a media report stating that she had suspended the Central Energy Fund (CEF) board. The Minister confirmed, however, that board members had been handed letters in July 26 requesting “an explanation on concerns”. No details were provided, however,... 

Kubayi refutes CEF board suspension report
Energy Minister Mmamoloko Kubayi

July new-vehicle sales record 4.1% growth

By: Irma Venter     1st August 2017 New-vehicle sales in July increased 4.1% compared with the same month last year, to 46 719 units. Sales numbers released by the Department of Trade and Industry on Tuesday showed that new passenger car sales increased by 6.2%, to 30 826 units. 

July new-vehicle sales record 4.1% growth
VW Polos ready for export

TNPA appoints first female CE

By: Creamer Media Reporter      1st August 2017 Shulami Qalinge has been appointed to succeed Richard Vallihu as CE of the Transnet National Ports Authority (TNPA), effective July 7. She is the first female CE of the TNPA and will provide strategic direction and leadership in the implementation of the overall TNPA strategic objectives and... 

TNPA appoints first female CE

SADC sees growth in electricity generation capacity  

By: Anine Kilian     1st August 2017 Mainland member States of the Southern African Development Community (SADC) plan to add 30 646 MW of new electricity generation capacity by 2022. Addressing delegates at the SADC Infrastructure Week, in Johannesburg, on Tuesday, SADC Secretariat transport senior programme officer Mapolao Mokoena... 

Reserve Bank governor warns of deeper recession

By: African News Agency      1st August 2017 South African Reserve Bank governor Lesetja Kganyago warned on Tuesday that the country’s economic recession could deepen unless there was policy certainty on mining and agriculture, the two sectors that contributed to growth in the first quarter. “At the moment these two sectors are facing... 

Reserve Bank governor warns of deeper recession
Photo by Reuters
Sarb governor Lesetja Kganyago

Dangote Cement shares trade in off-market deals worth $236m

By: Reuters     1st August 2017 Some 416-million shares in Dangote Cement have been traded at 210 naira each in off-market deals valued at 86.1-billion naira ($236-million), traders said on Tuesday. Dangote Cement, which makes up one third of the Nigerian bourse's total market capitalisation, shed 0.68 percent to 222.22 naira,... 

Atterbury appoints Boshoff as new deputy CEO

By: Creamer Media Reporter      1st August 2017 South African real estate developer and investor Atterbury has appointed Armond Boshoff deputy CEO, effective August 1. Atterbury noted in a statement on Tuesday that the creation of the new position and Boshoff’s appointment delivers on the company’s commitment to best practice for attracting,... 

Atterbury appoints Boshoff as new deputy CEO
Armond Boshoff

Absa PMI falls further to 42.9 in July

     1st August 2017 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined by a further 3.8 points to 42.9 in July, with all five of the major subindices having declined in July. The seasonally adjusted business activity index was under the most pressure, declining by 6.1 index points to a 39.3. The... 

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