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Latest News

Nzimande inaugurates R1.1bn Mt Edgecombe interchange

By: Marleny Arnoldi     30th October 2018 Transport Minister Blade Nzimande on Tuesday officially opened the R1.1-billion Mount (Mt) Edgecombe Interchange, in KwaZulu-Natal. The Minister described the interchange as a veritable civil engineering work of art that contributes greatly to easing traffic congestion, while promoting road... 

BBBEE ICT sector council appoints new chairperson, deputy

By: Creamer Media Reporter      30th October 2018 The Broad-Based Black Economic Empowerment (BBBEE) Information and Communication Technology (ICT) Sector Council has elected Councillor Andile Tlhoaele and Councillor Pheladi Gwangwa as chairperson and deputy chairperson, respectively. This followed the resignation of Councillor Nokuzola Ehrens... 

France to decide by 2020 on next generation aircraft carrier

By: Bloomberg     30th October 2018 The French military is studying what sort of aircraft carrier should replace the Charles De Gaulle, and should decide by the end of 2020, Defense Minister Florence Parly said on Tuesday. “The new French carrier will be floated by 2038,” she said on BFM television. “We must define its missions,... 

Cybersecurity must be managed at board level, urges Gautrain boss 

By: Irma Venter     30th October 2018 Cybersecurity must be managed proactively at board level, says Gautrain Management Agency (GMA) CEO Jack van der Merwe. “It must be led by senior management and assured by corporate governance. It is a line function and not a staff function.” 

Cybersecurity must be managed at board level, urges Gautrain boss

'I was there when Cabinet approved nuclear programme' – Ramaphosa 

By: News24Wire      30th October 2018 President Cyril Ramaphosa has said he was in the Cabinet meeting where the decision was taken to issue a request for proposals for the nuclear build programme in 2015. This is according to a written reply from the president in response to a question from Democratic Alliance MP David Maynier – who... 

 'I was there when Cabinet approved nuclear programme' – Ramaphosa
President Cyril Ramaphosa

Former Audi CEO Stadler freed from jail in diesel emissions case

By: Bloomberg     30th October 2018 German judges allowed former Audi CEO Rupert Stadler to leave the jail where he’s been since June, while warning that there’s still strong evidence against him in a criminal probe over diesel-emission cheating. The 55-year-old was told not to contact any potential witnesses in the fraud... 

Merkel looks to Africa to cement a legacy shaped by migration 

By: Reuters     30th October 2018 German Chancellor Angela Merkel hosted African leaders on Tuesday, pledging a new development fund to tackle underdevelopment on the continent that has helped to spur mass migration, shaping the later years of her long premiership. Merkel announced on Monday she would retire from politics by... 

Merkel looks to Africa to cement a legacy shaped by migration
Rwandan President Paul Kagame, German Chancellor Angela Merkel & President Cyril Ramaphosa

Oppenheimers defend private terminal at Joburg airport 

By: African News Agency      30th October 2018 The Oppenheimer family on Tuesday fiercely defended their operation of a private terminal at the OR Tambo International Airport in Johannesburg at a meeting with MPs fraught with tension and disruption.  The briefing to Parliament's home affairs portfolio committee was at one stage disrupted by... 

Oppenheimers defend private terminal at Joburg airport
Nicky Oppenheimer

US steel tariff fight stirs up a swarm of WTO litigation

By: Reuters     30th October 2018 The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over US metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The US tariffs attracted an unprecedented seven... 

S&P's says concerned about South Africa's fiscal consolidation, land reform

By: Reuters     30th October 2018 South Africa's sovereign rating risked being downgraded due to concerns about the postponement of fiscal consolidation and lack of clarity around land expropriation, a senior S&P's Global Ratings analyst said on Tuesday. Recession-hit South Africa last week unveiled a bleak budget that saw wider... 

Nigerian court adjourns case between MTN, central bank to Dec 4

By: Reuters     30th October 2018 A Lagos judge adjourned a hearing on Tuesday in a $10.1-billion dispute between South African telecoms firm MTN Group and Nigeria's central bank to Dec 4. The central bank alleges the firm illegally sent $8.1-billion abroad, and the Nigerian government has demanded $2-billion in taxes from MTN. 

AfDB to institute climate risk management programme for African countries

By: Tasneem Bulbulia     30th October 2018 The African Development Bank (AfDB) has approved the Africa Disaster Risks Financing (ADRiFi) programme – the institution’s first climate risk management programme aimed at boosting resilience and responding to climate shocks in regional member countries. The initial phase is expected to run from... 

Nedlac approves Solidarity strike action over ‘race exclusion’

By: Tasneem Bulbulia     30th October 2018 Trade union Solidarity on Tuesday said the National Economic Development and Labour Council (Nedlac) had approved its application to undertake a lawful strike against the exclusion of white employees from employee share ownership plans. In terms of the Nedlac decision, all of Solidarity’s 180 000... 

Unemployment rate rises to 27.5% in Q3  

By: Marleny Arnoldi     30th October 2018 The official unemployment rate increased to 27.5% during the third quarter, compared with 27.2% in the second quarter. This translates to 6.2-million unemployed people in South Africa. The unemployment rate was 26.7% in the first quarter of the year, according to Statistics South Africa’s (Stats... 

Unemployment rate rises to 27.5% in Q3

Natural gas cheaper than soaring diesel, petrol, says NGV Gas  

By: Irma Venter     30th October 2018 When compared with petrol, diesel and liquefied petroleum gas, compressed natural gas (CNG) is the most economic transport fuel, believes CNG group sales and marketing manager Wayne Williams. “On 26 September, natural gas was R7.10c cheaper than a litre of 95 octane petrol in Johannesburg,” he... 

Natural gas cheaper than soaring diesel, petrol, says NGV Gas

Ramaphosa to woo investment at G20

By: African News Agency      30th October 2018 President Cyril Ramaphosa will on Tuesday engage with heads of State and government and leaders of the global private sector as part of his participation in the G20 Compact with Africa Conference and the G20 Investment Summit, the Presidency said. "This follows President Ramaphosa’s successful... 

 Ramaphosa to woo investment at G20
President Cyril Ramaphosa and Heads of State of countries which are part of the G20 Compact with Africa

GM cautious on switch to platinum even as palladium price soars  

By: Bloomberg     30th October 2018 Palladium’s surge to a record has intensified talk among analysts that carmakers will look to replace it with cheaper platinum for use in pollution-control devices. The auto industry’s answer: Not so fast. Palladium, mainly used to control smog from gasoline engines, is trading near the highest... 

South Africa spends too much time on populism, Kganyago says

By: Bloomberg     30th October 2018 South Africa spends too much time debating populist issues such as the proposed nationalisation of the central bank, instead of focusing on steps to boost the economy, Reserve Bank Governor Lesetja Kganyago said. “We have spent too much of the year indulging in populism instead of making... 

South Africa spends too much time on populism, Kganyago says
Photo by Reuters
Reserve Bank governor Lesetja Kganyago

American trade delegation in South Africa to expand business opportunities in Southern Africa

By: African News Agency      30th October 2018 An American trade delegation, comprising businessmen from more than 30 American companies and state government leaders, is in South Africa seeking to expand agricultural export opportunities in the region. The trade delegation, which arrived in South Africa on Monday and will conclude its visit... 

City of Cape Town poised to ease water restrictions further

By: News24Wire      30th October 2018 The City of Cape Town believes dam levels are high enough for water restrictions to be relaxed even further – possibly to level 4 or even level 3. But the City cannot take steps to ease restrictions until the national Department of Water and Sanitation decides how much bulk water supply Cape Town... 

Offgrid firm BBOXX targets two new African markets with EDF – CEO

By: Reuters     30th October 2018 UK-based off-grid power company BBOXX is looking to enter two new African markets in partnership with France's EDF Group next year as it capitalises on growing interest in the sector from large energy companies, its chief executive said on Monday. The two companies announced last week that the... 

Advocacy organisation urges better enforcement of second-hand tyre regulations

By: Marleny Arnoldi     29th October 2018 Newly launched advocacy organisation Part Worn Africa is calling on governments and regulatory bodies across the African continent to develop and enforce stronger regulations governing the sale of part-worn and second-hand tyres. Part Worn Africa advocates that part-worn and second-hand tyres... 

Advocacy organisation urges better enforcement of second-hand tyre regulations

enX records increased Ebit, undertakes key investment

By: Tasneem Bulbulia     29th October 2018 Diversified industrial group enX achieved an increase in adjusted earnings before interest and taxes (Ebit) to R815-million for the financial year ended August 31, compared with an Ebit of R736-million in the prior financial year. enX has three business segments – enX Industrial Equipment (EIE),... 

Karan Beef, I&J face charges over alleged cartel conduct

By: Marleny Arnoldi     29th October 2018 The Competition Commission has referred to the Competition Tribunal the prosecution of beef processing companies Irvin & Johnson (I&J) and Karan Beef for alleged cartel conduct. The two companies have been charged with dividing markets in the supply of processed beef products, such as beef... 

Drones helping revolutionise Gauteng’s infrastructure projects

By: Rebecca Campbell     29th October 2018 The Gauteng Department of Infrastructure Development (DID), with the assistance of the University of Johannesburg’s (UJ’s) Centre for Applied Research and Innovation in the Built Environment, is achieving unprecedented monitoring of the infrastructure development and construction projects that it... 

Drones helping revolutionise Gauteng’s infrastructure projects
Photo by Creamer Media
Gauteng infrastructure development MEC Jacob Mamabolo

Richard’s Bay IDZ gate wins AfriSam-SAIA sustainable architecture award

By: Marleny Arnoldi     29th October 2018 The Richard’s Bay Industrial Development Zone (RBIDZ) entrance gate in KwaZulu-Natal has won a seminal sustainable design award, in the sustainable architecture category, at the biennial AfriSam-South African Institute of Architects (AfriSam-SAIA) Awards for Sustainable Architecture and... 

Richard’s Bay IDZ gate wins AfriSam-SAIA sustainable architecture award
Richard's Bay Industrial Development Zone Gate

Jaguar’s first electric car to cost a cool R1.69-million in SA 

By: Irma Venter     29th October 2018 South Africa’s third commercially available fully electric vehicle (EV) will make its local debut early in 2019, at a starting price of R1.69-million. The Jaguar I-Pace sports-utility vehicle (SUV) will be available in three trim grades, namely S, SE and HSE, as well as a special first edition,... 

Jaguar’s first electric car to cost a cool R1.69-million in SA

Greenpeace Africa affirms Mpumalanga is a nitrogen dioxide air pollution hotspot

By: Marleny Arnoldi     29th October 2018 Greenpeace Africa states that analysis from satellite data between June 1 and August 31 shows that Mpumalanga is the world’s largest nitrogen dioxide air pollution hotspot across six continents. The data points to coal and transport as the two principal sources of the nitrogen dioxide air... 

ASSAf appoints Professor Himla Soodyall executive officer

By: Marleny Arnoldi     29th October 2018 The Academy of Science of South Africa (ASSAf) has appointed Professor Himla Soodyall executive officer, effective November 1. She will succeed outgoing executive officer Professor Roseanne Diab, who is retiring.  

McDonald’s SA to invest R3bn in opening 120 new restaurants in 5 years

By: Marleny Arnoldi     29th October 2018 Fast food franchise McDonald’s South Africa (McDonald’s SA) has committed to investing R3-billion in South Africa over the next five years. This was announced at the South African Investment Conference, held in Johannesburg, last week.  

McDonald’s SA to invest R3bn in opening 120 new restaurants in 5 years

Calls to even out procurement for wind energy

By: Kim Cloete     29th October 2018 The South African Wind Energy Association (SAWEA) has called for energy planners to even out the procurement of wind energy allocations between 2021 and 2030 to prevent a "stop-start" scenario.  The current draft Integrated Resource Plan (IRP) has a gap in the years, 2022, 2023 and 2024, when no... 

Fossil Fuel Foundation sees clean coal as a solution for South Africa 

By: Kim Cloete     29th October 2018 The Fossil Fuel Foundation (FFF) has advocated strongly for coal to be retained as a sustainable part of South Africa's energy mix for the short to medium term. “Contrary to the popular belief that ‘coal is dead’, South Africa’s coal resources are abundant and can provide low-emitting,... 

DA to tackle Eskom's 'monopoly' via new bill

By: News24Wire      29th October 2018 Introducing competition in the energy sector will keep electricity prices down, according to the Democratic Alliance (DA). DA leader Mmusi Maimane on Monday announced plans at a briefing to address "Eskom's monopoly" in the energy sector, through the introduction of a private member's bill known... 

 DA to tackle Eskom's 'monopoly' via new bill

Rain to launch 5G network

By: Natasha Odendaal     29th October 2018 South Africa’s newest data network provider, rain, is planning to deploy a fifth-generation (5G) broadband fixed-wireless network to support government’s drive for competition, lower data prices and improved access in the telecommunications industry. Teaming up with partners Huawei and Nokia, the... 

ERG forecasts strong metals price recovery

By: Marleny Arnoldi     29th October 2018 Diversified miner Eurasian Resources Group (ERG) forecasts a strong metals price recovery ahead, including for copper, cobalt, aluminium, ferrochrome and iron-ore. “Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed... 

DTI joins as partner of 2018 Factory of the Year competition 

By: Tasneem Bulbulia     29th October 2018 The Department of Trade and Industry (DTI) has joined A.T. Kearney, the Council for Scientific and Industrial Research (CSIR) and the Manufacturing Circle as a partner of the Factory of the Year competition. First announced at the Manufacturing Indaba in June, the competition is aimed at boosting... 

DTI joins as partner of 2018 Factory of the Year competition
DTI Future Production Technologies chief director Ilse Karg, CSIR executive director Martin Sanne and Manufacturing Circle executive director Philippa Rodseth discuss the Factory of the Year 2018 competition

Raubex rightsizes road rehab division as lower Sanral work volumes bite 

By: Marleny Arnoldi     29th October 2018 JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31, particularly in the road construction sector, reporting a 57.4% decline in operating profit to R157-million, compared with the R370-million profit... 

Famous Brands posts H1 organic growth, despite pressure on some business segments 

By: Marleny Arnoldi     29th October 2018 JSE-listed franchiser Famous Brands on Monday reported strong organic growth by its brands in the South Africa and Africa and Middle East (AME) regions during the six months to August 31. Operating profit for the first half of the financial year was up 3.9%, at R421.8-million, compared with... 

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