http://www.engineeringnews.co.za
R/€ = 16.77 Change: 0.05
R/$ = 14.25 Change: 0.07
Au 1201.60 $/oz Change: -6.62
Pt 830.00 $/oz Change: -6.99
 

Latest News

Moody's places MTN on review for downgrade

By: Reuters     6th September 2018 MTN Group has been put on review by Moody's for downgrade after the South African mobile phone operator said it was on the hook for a total of $10.1-billion from its biggest market Nigeria, the ratings agency said on Thursday. "MTN's ratings have been placed on review for downgrade to reflect... 

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Manganese star performer, more stability in iron-ore price – Assore
Photo by Creamer Media
Assore CEO Charles Walters

Feasibility study contractor selected for Mozambique energy project

By: Tasneem Bulbulia     6th September 2018 US-based contractor HDR International has been selected to conduct a feasibility study for a solar energy project in Mozambique. The study will assess the viability of a photovoltaic plant of up to 100 MW, to be developed in increments of 20 MW to 40 MW. 

SA launches new probe into Water Ministry contract with Germany's SAP

By: Reuters     6th September 2018 South African President Cyril Ramaphosa authorised a new investigation into a water ministry contract with German software firm SAP on Thursday, citing allegations that public money was spent unlawfully. The investigation by South Africa's Special Investigating Unit (SIU) comes after the... 

SA launches new probe into Water Ministry contract with Germany's SAP

Ramaphosa calls for consolidation between SA companies and continent

By: African News Agency      6th September 2018 President Cyril Ramaphosa has called on South African companies to work in partnership, consolidate South African interests on the African continent and to collaborate with China on projects in line with the country's development and integration objectives. Ramaphosa made the call on Thursday... 

 Ramaphosa calls for consolidation between SA companies and continent
President Cyril Ramaphosa

Himoinsa sales and service facility supporting growth in rental demand 

6th September 2018 Generator manufacturer Himoinsa has opened its sales and service facility in Midrand to more effectively serve its rental customers and to provide immediate power to clients while customised power systems are manufactured for their specific applications. Schalk Burger has the story. 

Himoinsa sales and service facility supporting growth in rental demand
Himoinsa sales and service facility supporting growth in rental demand

China says African countries don't think cooperation adds to debt

By: Reuters     6th September 2018 African leaders attending this week's summit with China don't think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government's top diplomat said on Thursday. Chinese President Xi Jinping pledged $60-billion to African nations at Monday's opening of... 

China says African countries don't think cooperation adds to debt
President Cyril Ramaphosa and Chinese President Xi Jinping

Moody's says South Africa recession shock credit negative

By: Reuters     6th September 2018 Ratings agency Moody's said on Thursday that the South African economy's slide into recession in the second quarter would exacerbate the fiscal and monetary challenges the country faces, calling weaker-than-expected economic data "credit negative". Data showed on Tuesday that the South African... 

Fuel-price intervention will have ‘no impact on fiscus’

By: Terence Creamer     6th September 2018 Cabinet insisted on Thursday that Energy Minister Jeff Radebe’s intervention to hold fuel prices steady in September – rather than to allow for the August under-recovery to be passed on to motorists as usual – would have no impact on the fiscus. In a statement released following its Wednesday... 

Fuel-price intervention will have ‘no impact on fiscus’

Measures to support economic growth in the pipeline – Cabinet

By: African News Agency      6th September 2018 A stimulus package to boost the South African economy will be announced "within a short period of time", Communications Minister Nomvula Mokonyane said on Thursday. Briefing the media on Wednesday's fortnightly cabinet meeting, Mokonyane said a host of measures would be taken in an attempt to... 

Measures to support economic growth in the pipeline – Cabinet
Communications minister Nomvula Mokonyane

Sars moves to suspend head of legal Refiloe Mokoena

By: News24Wire      6th September 2018 The South African Revenue Service (Sars) has served its head of legal Refiloe Mokoena with a notice of intention to suspend her from her position, News24 has learnt. News24 understands this is in relation with Mokoena's involvement in unlawful R420-million worth of VAT refunds claimed by Gupta... 

Sars moves to suspend head of legal Refiloe Mokoena

Ramaphosa says South Africa to recover from recession soon

By: Reuters     6th September 2018 South Africa will soon recover from recession, President Cyril Ramaphosa said on Thursday in his first reaction to news that undermines his effort to revive the economy and attract investment after a decade of stagnation. Ramaphosa staked his reputation on economic revival when he took over in... 

Ramaphosa says South Africa to recover from recession soon
President Cyril Ramaphosa

Search on for cause of deadly Denel blast

By: News24Wire      6th September 2018 Emergency agencies and government authorities are working with Rheinmetall Denel Munition to identify the cause of a deadly blast that claimed the lives of eight people, the company said on Wednesday. The blast on Monday occurred at Rheinmetall Denel's depot in Somerset West, near Cape Town. 

ANC worries over elections as SA enters recession

By: News24Wire      6th September 2018 The chairperson of the African National Congress's (ANC's) subcommittee on economic transformation Enoch Godongwana has admitted that the ruling party is worried about going into the 2019 national elections while the country's reeling from an economic recession. He made the comments to... 

ANC worries over elections as SA enters recession

DRDGold expecting rapid gold output from West Rand tailings project 

By: Martin Creamer     5th September 2018 The high quality of the gold tailing retreatment infrastructure that surface gold mining company DRDGold has acquired on the Far West Rand in partnership with Sibanye-Stillwater is enabling the company to get into production very quickly, DRDGold CEO Niél Pretorius said on Wednesday. Speaking in... 

DRDGold expecting rapid gold output from West Rand tailings project
DRDGold CEO Niél Pretorius talks to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photograph: Creamer Media’s Dylan Slater

Telkom, universities partner to develop national Fourth Industrial Revolution agenda

By: Marleny Arnoldi     5th September 2018 Telecommunications giant Telkom and the universities of the Witwatersrand (Wits), Johannesburg (UJ) and Fort Hare on Wednesday launched SA4IR, which is a national response to the Fourth Industrial Revolution. The partnership between the company and the universities seeks to build an inclusive... 

Partnerships enable HighJump to bring new supply chain technology to Africa

By: Schalk Burger     5th September 2018 With the help of its partners, supply chain software company HighJump is bringing new logistics, freight and warehouse technologies into South Africa and Africa. These technologies include the use of voice commands, which will be important to interact with automated systems and robots that are a... 

Transport committee says rail safety regulator should prioritise signalling challenges

By: African News Agency      5th September 2018 The Portfolio Committee on Transport has on Wednesday called on the Rail Safety Regulator (RSR) to prioritise signalling in its programmes. The call comes after more than 100 people were injured on Tuesday after a collision between two passenger Metrorail trains at the Eloff extension in Selby,... 

Kenya 428 km power line complete, to add 310 MW to grid by December

By: Reuters     5th September 2018 A high-voltage power line to carry electricity from a 310 MW wind power plant to central Kenya from the north is complete and supply to the national grid will stabilise by December, the energy minister said, replacing diesel generation. The 428 km, 400 kV power line is critical for the Lake... 

Research glider programme reaches unprecedented altitudes

By: Rebecca Campbell     5th September 2018 In just eight days during late August and early September, Airbus’ Perlan 2 glider set three new world altitude records for a glider. Moreover, during the third of these flights, it reached an altitude that has been exceeded in level flight by only two other types of aircraft. These flights... 

Research glider programme reaches unprecedented altitudes
Photo by Airbus
The Perlan 2 glider, at a lower altitude over the Andes

ANC calls for immediate stimulus package as economy dips into recession

By: News24Wire      5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009.  In a statement on Wednesday, the party’s subcommittee on economic... 

 ANC calls for immediate stimulus package as economy dips into recession

Affordability of energy must be prioritised – Radebe

By: African News Agency      5th September 2018 South Africa's Energy Minister Jeff Radebe has urged the prioritisation of energy affordability in order to attract investment. During his keynote address at the Africa oil and power conference held at the Cape Town International Convention Centre he said it was imperative in order to create jobs. 

 Affordability of energy must be prioritised – Radebe
Energy Minister Jeff Radebe

African gas output could make up 10% of global total by 2040 – official

By: Reuters     5th September 2018 African production of natural gas could contribute as much as 10% of the global total by 2040, an expansion of around 530-billion cubic metres, the secretary general of the Gas-Exporting Countries Forum, Yury Sentyurin, told a conference on Wednesday. 

Site clearing, earthworks preparation starts at 25 MW Ngodwana biomass power project

By: Marleny Arnoldi     5th September 2018 Official site clearing and preparation for earthworks have started at Ngodwana Energy’s 25 MW biomass power project, in Mpumalanga. The ELB-KCC Consortium on Wednesday said the project will be erected at the Sappi Ngodwana site about 40 km from Nelspruit, next to the N4 highway and is part of... 

Sanral, Barloworld Equipment sign MoU to provide emerging contractors with access to equipment

By: Irma Venter     5th September 2018 The South African National Roads Agency Limited (Sanral) and Barloworld Equipment have signed a memorandum of understanding (MoU) that will provide emerging contractors with greater access to Caterpillar equipment. Barloworld Equipment is the dealer for Caterpillar earthmoving machines and power... 

Sanral, Barloworld Equipment sign MoU to provide emerging contractors with access to equipment

South Africa’s rating under threat as economy enters recession

By: Marleny Arnoldi     5th September 2018 South Africa’s slide into a technical recession in the second quarter is a timely warning and reminder for the country to get its economy in order, failing which it will lose its only investment grade rating, says Business Unity South Africa CEO Tanya Cohen. Moody’s Investors Service said in... 

South Africa’s rating under threat as economy enters recession

Standard Bank PMI falls to 29-month low in August

By: Marleny Arnoldi     5th September 2018 Operating conditions in South Africa’s private sector economy deteriorated for the second straight month in August, as business activity and input purchasing decreased in line with an accelerated drop in new orders, says Standard Bank in its Purchasing Managers’ Index (PMI) for August.... 

Standard Bank PMI falls to 29-month low in August

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

DRDGold shares leap on higher-grade fillip
DRDGold CFO Riaan Davel talks to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photographs: Creamer Media’s Dylan Slater.

Green light for affordable Cape Town housing near V&A Waterfront

By: African News Agency      5th September 2018 Western Cape Premier Helen Zille on Tuesday said she "welcomed" the green light for affordable housing close to the V&A Waterfront in Cape Town. He comments follow the rezoning approval received by the provincial government to develop affordable housing on one of South Africa’s most valuable... 

DNA testing required to identify casualties in Denel explosion – City official

By: News24Wire      5th September 2018 A community meeting where Rheinmetall Denel Munition officials were expected to answer questions from Macassar residents about what happened at their depot on Monday fell flat when those expected to attend cancelled at the last minute due to "fears for their safety". Residents on Tuesday night... 

Maiden's Cove development under fire

By: News24Wire      5th September 2018 A R1.5-billion plan by the City of Cape Town to develop Maiden's Cove – a scenic headland and beach between Clifton Fourth Beach and Glen Beach in Camps Bay – is facing a court challenge from City residents, GroundUp reports. The development of the cove area, devised in 2015, includes plans for... 

Tiny beetle is killing SA's trees – and nothing can stop it

By: News24Wire      5th September 2018 A beetle smaller than a sesame seed is killing huge trees throughout South Africa, and little can be done to stop it. The polyphagous shot hole borer, a native of southeast Asia no bigger than 2mm, has found its way to South Africa and is infesting trees at an alarming rate. According to... 

R1bn 'lost' to cash-in-transit robbers in 8 years – Hawks

By: News24Wire      5th September 2018 More than R1-billion has been "lost" as a result of cash-in-transit robberies in the eight years between 2008 and 2016, according to the Directorate for Priority Crime Investigation (DPCI). The DPCI, or the Hawks as they are more commonly known, granted a Public Access to Information Application... 

At China-Africa summit, officials dismiss debt criticism

By: News24Wire      5th September 2018 Chinese and African officials have rejected criticism of Beijing's development projects on the continent as they ended a summit that included a $60-billion pledge for more aid to the continent. President Xi Jinping hosted leaders from across Africa  amid questions whether his country's Belt and... 

At China-Africa summit, officials dismiss debt criticism
Chinese President Xi Jinping

Ethiopia opens logistics sector to foreign investment

By: News24Wire      5th September 2018 Ethiopia will open its logistics sector to foreign investors but cap their participation, the State investment body said on Tuesday in the latest reform to loosen the government's control of the economy. Prime Minister Abiy Ahmed has presided over a shake-up of one of the most heavily-regulated... 

Ethiopia opens logistics sector to foreign investment
Photo by Reuters
Ethiopian Prime Minister Abiy Ahmed

Rebels ambush South African peacekeepers in Congo Ebola zone

By: Reuters     5th September 2018 Two South African peacekeepers were wounded in a rebel ambush near the epicentre of an Ebola outbreak in eastern Democratic Republic of Congo, their United Nations (UN) mission said on Tuesday. The attack on Monday on the outskirts of the city of Beni underscored the challenges authorities face... 

Rebels ambush South African peacekeepers in Congo Ebola zone

Master Drilling acquires Atlantis

By: Martin Creamer     5th September 2018 The strengthening of diversified geographic footprint of mining technology company Master Drilling is continuing with the announcement on Wednesday that the Johannesburg Stock Exchange company had entered into agreements to acquire the businesses of the Atlantis Group, a South African... 

Master Drilling acquires Atlantis
Photo by Creamer Media Chief Photographer Dylan Slater
Master Drilling CEO Danie Pretorius

Treasury must abandon carbon tax plan in light of IRP

By: Martin Creamer     4th September 2018 National Treasury must abandon its plans to introduce carbon tax, which will result in the closure of smelters at a time of desperate need for job retention and export promotion. This is the consensus of opinion canvassed by Mining Weekly Online following last Friday’s release of the Integrated... 

Treasury must abandon carbon tax plan in light of IRP

More Latest News

more

Company Article

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close