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Latest News

One in every three cars exported from SA in 2017 a Merc

By: Irma Venter     7th June 2018 Mercedes-Benz South Africa (MBSA) last year again produced a record number of vehicles. MBSA’s East London plant built 106 500 vehicles (passenger cars and commercial vehicles) in 2015, growing this to a new record of 118 700 vehicles in 2016. 

LME says plans to launch about 15 new contracts in January 2019

By: Reuters     7th June 2018 The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them from January,"... 

Seriti Resources interested in Optimum Coal as it looks to export

By: Reuters     6th June 2018 South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family's Optimum Coal, its CEO said. Bidding for Optimum Coal would pit Seriti, which has ambitions to become a black-owned mining champion, with bigger... 

Seriti Resources interested in Optimum Coal as it looks to export
Photo by Creamer Media
Seriti CEO Mike Teke

Brand South Africa taking investor temperature ahead of investment summit

By: Terence Creamer     6th June 2018 Brand South Africa has begun consultations with foreign investors and diplomats as part of preparations for the investment conference, which President Cyril Ramaphosa will convene later this year. Ramaphosa has set a target of attracting $100-billion-worth of direct investment over the coming... 

Brand South Africa taking investor temperature ahead of investment summit
President Cyril Ramaphosa will convene an investment conference later this year

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

Africa's largest fishing firm Oceana could lose fishing rights in Namibia

By: Reuters     6th June 2018 Africa's largest fishing company Oceana Group faces a battle to hold onto its fishing rights in Namibia after the southern African country said listed firms would no longer be awarded quotas. Bidvest Namibia, which is listed on Namibia's stock exchange, could also lose its local fishing rights... 

TFR’s MMC business unit to conduct national maintenance in June

By: Marleny Arnoldi     6th June 2018 Transnet Freight Rail’s (TFR’s) Mineral Mining and Chrome (MMC) business unit, which is responsible for yearly planned maintenance where major capital replacement activities are implemented, will hold its financial year shutdown from June 7 to 13.  

TFR’s MMC business unit to conduct national maintenance in June

Rhodes’ Centre for Biological Control awarded R68m contract to help control alien plants

By: Marleny Arnoldi     6th June 2018 The newly-established Centre for Biological Control (CBC) at Rhodes University has been awarded a R68-million contract by the Department of Environmental Affairs (DEA).  

Rhodes’ Centre for Biological Control awarded R68m contract to help control alien plants
DEA Deputy Director General Dr Guy Preston & Centre for Biological Control Director Professor Martin Hill

Interest in IFC’s solar procurement solution growing across Africa

By: Terence Creamer     6th June 2018 The International Finance Corporation (IFC) reports that its programme to support African governments and utilities in procuring solar photovoltaic (PV) capacity from independent power producers (IPPs) has made significant headway in four countries, with construction of the first project under... 

Interest in IFC’s solar procurement solution growing across Africa
IFC country manager Saleem Karimjee

Metrorail does not run where people stay, work

By: Irma Venter     6th June 2018 Metrorail does not currently run “where the people are”, says Gautrain Management Agency (GMA) CEO Jack van der Merwe. Metrorail is operated by the Passenger Rail Agency of South Africa (PRASA). 

Metrorail does not run where people stay, work

AgriProtein aims to break ground on R500m Gauteng fly factory in November

By: Irma Venter     6th June 2018 Waste-to-nutrient group AgriProtein aims to break ground on its second South African fly factory in November. AgriProtein rears fly larvae on organic waste and harvests the larvae to make natural, high-protein animal and fish feed products. 

 AgriProtein aims to break ground on R500m Gauteng fly factory in November
The Cape Town fly factory

Congo mining revenues triple in Q1; oil revenues down 11%

By: Reuters     6th June 2018 Democratic Republic of Congo's (DRC's) revenues from its mining sector tripled year-on-year in the first quarter of 2018 to $397.86-million, finance ministry data showed. Revenues from the oil and gas sector dropped 10.87 percent year-on-year in the first quarter to $29.45-million, according to... 

Nkwinti announces turnaround strategy for water department

By: Marleny Arnoldi     6th June 2018 Water and Sanitation Minister Gugile Nkwinti has announced bold plans to turn around the Department of Water and Sanitation (DWS) and accelerate service delivery.  

Nkwinti announces turnaround strategy for water department
Photo by Dylan Slater
Water & Sanitation Minister Gugile Nkwinti

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

South Africa's business confidence index eases again in May

By: Reuters     6th June 2018 South Africa's business confidence fell for a fourth month in a row in May, mainly due to a slide in trade activity and higher consumer inflation following a hike in Value Added Tax. The South African Chamber of Commerce and Industry's (Sacci) monthly business confidence index (BCI) fell to 94.0... 

Necsa has suspended radioisotope production because of a non-risk technical problem 

By: Rebecca Campbell     6th June 2018 The South African Nuclear Energy Corporation (Necsa) announced on Tuesday that there had been a “non-risk” incident at its NTP Radioisotopes subsidiary. This incident resulted in the activation of safety protocols, which temporarily halted the production of medical radioisotopes. At no time was... 

Necsa has suspended radioisotope production because of a non-risk technical problem
Photo by Duane Daws/Creamer Media
An aerial view of Necsa’s complex at Pelindaba, west of Pretoria

Weak GDP number latest dampener to optimism over Ramaphosa

By: African News Agency      6th June 2018 The latest official data showing South Africa's economy contracted in the first quarter of this year is the latest dampener to the optimism triggered by President Cyril Ramaphosa's swearing in to replace Jacob Zuma in February. Critics are still giving Ramaphosa leeway to turn around an economy... 

 Weak GDP number latest dampener to optimism over Ramaphosa
President Cyril Ramaphosa

Davies launches R1bn ICT factory in East London

By: African News Agency      6th June 2018 South Africa has not been able to manufacture enough electronics products but has relied on imported tablets, cell phones and all kinds of electronic equipment, Trade and Industry Minister Dr Rob Davies said on Tuesday. "What we are witnessing today [Tuesday], is a company that is getting into... 

UN, CSIR Africa Waste Management Outlook considers African context

By: Marleny Arnoldi     5th June 2018 The starting point for the ‘Africa Waste Management Outlook’, which was launched by the United Nations (UN) and the Council for Scientific and Industrial Resources (CSIR) on Tuesday, was the global waste management outlook that was published by the UN in 2015.  

UN, CSIR Africa Waste Management Outlook considers African context
Photo by Marleny Arnoldi
CSIR principal scientist Professor Linda Godfrey speaking at the launch of the Africa Waste Management Outlook

UN, CSIR launch Africa waste management outlook

By: Marleny Arnoldi     5th June 2018 The United Nations (UN) Environment Programme and the Council for Scientific and Industrial Research (CSIR) on Tuesday released Africa’s first consolidated waste management outlook, which seeks to outline and address the impact of mismanaged waste on the continent.  

UN, CSIR launch Africa waste management outlook
Electronic waste dumped in Africa by developed countries to supposedly be reused, can end up in landfills

MTN continues Turkcell defence

By: Natasha Odendaal     5th June 2018 South African telecommunications giant MTN on Tuesday said representatives from South Africa’s Directorate for Priority Crime Investigation obtained documents from MTN’s internal and external legal counsel over the ongoing legal dispute between it and Turkish mobile operator Turkcell. Turkcell... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas
Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Shelby SA opens orders for Shelby F-150, to overwhelming response

By: Irma Venter     5th June 2018 South Africans do love their bakkies – and the bigger the better, it seems. “We are delighted to confirm that the order book is open for a limited number of 565 kW Shelby F-150 bakkies to satisfy the ultimate needs of South African bakkie owners,” Shelby South Africa (SA) CEO Peter Lindenberg... 

Shelby SA opens orders for Shelby F-150, to overwhelming response
The Shelby F-150

Nestlé launches 'zero water' manufacturing facility in Western Cape

By: Anine Kilian     5th June 2018 Nestlé South Africa on Tuesday launched its R88-million zero-water dairy manufacturing facility in Mossel Bay, in the Western Cape. The facility will allow Nestlé to reduce the factory’s water consumption by more than 50% during the first year of implementation by reusing the water recovered from... 

Nestlé launches 'zero water' manufacturing facility in Western Cape

Solidarity launches four-pronged steel industry initiative amid global steel crisis

By: Schalk Burger     5th June 2018 Trade union Solidarity on Tuesday launched a four-pronged initiative to address and mitigate the impacts of the global steel crisis on local steel producers in an attempt to save jobs and local manufacturing capacity. Solidarity deputy general secretary for metals engineering Marius Croucamp... 

Solidarity launches four-pronged steel industry initiative amid global steel crisis
The old Evraz Highveld Steel and Vanadium plant in eMalahleni

Another two South African wind projects reach financial close

By: Terence Creamer     5th June 2018 A further two South African wind farms, with a combined investment value of R6.6-billion, have reached financial close following the signing of agreements for 27 renewable-energy projects on April 4. Global wind and solar company Mainstream Renewable Power announced on Tuesday that construction... 

Another two South African wind projects reach financial close

By 2050 there may be more plastic in oceans than fish – UN

By: News24Wire      5th June 2018 Plastic pollution in the oceans has reached a stage where microplastics – pieces smaller than 5mm – now outnumber stars in our galaxy, according to UN secretary general António Guterres. And by 2050, he says, if present trends continue, there will be more plastic in the world's oceans than fish.... 

Auditor casts doubts on Kenya's ARM Cement's viability after losses

By: Reuters     5th June 2018 ARM Cement's independent auditor has cast doubt on the Kenyan company's survival as a going concern after losses mounted last year. The company, Kenya's second-largest cement maker behind LafargeHolcim's Bamburi Cement, sunk into losses in recent years after financing costs associated with an... 

Telecoms company Seacom upgrades subsea cable system

By: African News Agency      5th June 2018 Pan African telecommunications company Seacom said on Tuesday it had upgraded its key submarine network system from its southern and eastern African coastline landings into Europe at a total capacity of 1.5 terabits per second, adding 500G of new capacity on the system. Seacom said the latest... 

Local govt service delivery improved in 2016/17 – Stats SA

By: News24Wire      5th June 2018 The number of people receiving services from municipalities increased between 2016 and 2017, Statistics South Africa has found. "For the period under review, the highest percentage increase was recorded in the provision of sewerage and sanitation (3.8%), followed by solid waste management (2.6%),... 

DPE probes Gupta-linked Alexkor for environmental law compliance

By: News24Wire      5th June 2018 The Department of Public Enterprises is investigating whether state-owned mining company Alexkor, which had links with the infamous Gupta family, complies with environmental legislation. This has emerged in Minister of Public Enterprises Pravin Gordhan's answer to a parliamentary question by DA... 

'Hi, I'm Pepper' – first humanoid robot in South Africa gently introduces herself

By: News24Wire      5th June 2018 At your next hotel check-in, you might just be assisted by a robot. Well, perhaps not quite yet, but the first humanoid robot in South Africa is an indicator of the capability of artificial intelligence (AI). Pepper, a humanoid chat robot was recently unveiled at Nedbank's digital-branch, the... 

Standard Bank PMI remains unchanged in May

By: Simone Liedtke     5th June 2018 The latest Purchasing Manager’s Index (PMI) data from Standard Bank and IHS Markit registered 50 index points, indicating that overall business conditions in the South African private sector were unchanged in May. The latest survey data signalled that greater volumes of new orders and rising... 

Agriculture, mining and manufacturing drag South Africa into dramatic Q1 slump 

By: Reuters     5th June 2018 South Africa suffered its worst quarterly contraction in nine years, data showed on Tuesday, in a reminder to investors of the huge challenge President Cyril Ramaphosa faces to deliver long term economic growth. After Jacob Zuma was forced out as leader by the ruling party in February, Ramaphosa... 

Agriculture, mining and manufacturing drag South Africa into dramatic Q1 slump
Photo by Reuters
The agriculture, mining and manufacturing sectors had a negative impact on South Africa's gross domestic product for the first quarter

Fluor completes oxygen train project for Sasol Secunda

By: Simone Liedtke     5th June 2018 Fluor Corporation has completed the engineering, procurement and construction (EPC) of the Additional Oxygen Capacity Train 17 Outside Battery Limits project at Sasol’s Secunda plant. The EPC project, which was completed in the first quarter of this year, included the integration of Train 17’s... 

Fluor completes oxygen train project for Sasol Secunda
Photo by Sasol Ltd. (U​sed with permission)
The Additional Oxygen Capacity Train 17 Outside Battery Limits project at Sasol’s Secunda plant

NUM kicks against Eskom’s 0% wage increase

By: Marleny Arnoldi     5th June 2018 National Union of Mineworkers (NUM) members in the Pretoria-Witwatersrand-Vereeniging region who are employees at Eskom have resolved not to accept the utility’s offer of a 0% wage increase.  

NUM kicks against Eskom’s 0% wage increase

PRASA welcomes new CEO

By: Irma Venter     5th June 2018 The Passenger Rail Agency of South Africa (PRASA) on Tuesday welcomed its new group CEO, Sibusiso Sithole, who has been appointed for a period of 12 months, effective June 1. Appointed to stabilise PRASA, Sithole is the former eThekwini municipality city manager and Umgeni Water Board GM. 

PRASA welcomes new CEO

Record amount of renewable energy installed in 2017 - research

By: Reuters     4th June 2018 A record amount of renewable power capacity was installed worldwide last year as the cost of wind and solar became even more competitive with fossil fuels, research by renewables policy organisation REN21 showed. Renewable power generation capacity had its largest annual increase yet in 2017,... 

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