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Latest News

BP's coastal bunker barge now operational at Port of Richards Bay

By: Marleny Arnoldi     29th March 2018 South Africa’s first coastal bunker barge Amber II is now operational at Transnet National Ports Authority’s (TNPA) Port of Richards Bay, serving as a floating storage and fuel replacement vessel for petrochemicals company BP’s customer vessels at the port.  

Nersa to make earlier decision on Eskom RCA applications

By: Marleny Arnoldi     29th March 2018 The National Energy Regulator of South Africa (Nersa) has moved forward public hearings into Eskom’s regulating clearing account (RCA) applications for 2014/15 to 2016/17.  

South African court dismisses bid to block $4.7bn renewable deals 

By: Reuters     29th March 2018 A South African court on Thursday dismissed a bid to block $4.7-billion in renewable power contracts, an energy ministry spokeswoman said, removing an obstacle to the first major investment deal under President Cyril Ramaphosa. The last-minute legal challenge was lodged earlier this month by the... 

South African court dismisses bid to block $4.7bn renewable deals

Competition Commission approves Amsted’s acquisition of Scaw Cast Products

By: Marleny Arnoldi     29th March 2018 The Competition Commission has approved the proposed acquisition by US-based manufacturer Amsted Rail Company of Cast Products South Africa (SA).  

US power group touts microgrids ‘as the way forward’

By: Simone Liedtke     29th March 2018 Decentralisation, through the implementation of microgrids, could be the key to improving grid resilience, US-based electricity supplier Illinois Power Company and Tucson Electric Power Company CEO Charles Bayless told an audience in Johannesburg this week. The design of microgrids, which... 

Trade back on the global, African agenda 

     29th March 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Africa’s plans to conclude a continental free trade agreement and South Africa’s discussions with the US regarding steel tariffs. 

Trade back on the global, African agenda
Trade back on the global, African agenda

Transport Minister hikes toll tariffs on national roads

By: African News Agency      29th March 2018 South Africa's transport minister Blade Nzimande has approved an increase in toll tariffs on national roads for the 2018/19 tax year, the country's road agency said on Thursday. The adjustments, which are in line with the consumer price index and the recently announced increase in value added tax... 

Space essential for meeting South Africa’s economic and social development goals

By: Rebecca Campbell     29th March 2018 In August last year, the US-based Space Foundation reported that the worldwide space economy was worth $329-billion in 2016, up from $323-billion in 2015. The foundation noted that the rise was due to the increase in commercial space activities (there had been tiny declines in government space... 

Space essential for meeting South Africa’s economic and social development goals

Massive housing project being developed on historical mining area near Joburg CBD

By: Dylan Slater     29th March 2018 A historical mining area now known as Fleurhof, on the northern edge of the Witwatersrand basin, in the Central Rand goldfield, immediately south-west of the Johannesburg central business district, is being transformed into a vast new housing development with the help of alternative mining... 

Massive housing project being developed on historical mining area near Joburg CBD

RCL Foods opens new pet food factory  

     29th March 2018 Fast-moving consumer goods manufacturer RCL Foods launched a new pet food manufacturing facility, in Randfontein, earlier this month. Megan van Wyngaardt has the story. 

RCL Foods opens new pet food factory
RCL Foods opens new pet food factory

Moody's downgrades Eskom's ratings to a negative outlook 

By: African News Agency      29th March 2018 Moody's Investors Service on Wednesday, announced a decision to downgrade to B2 from B1 the long-term corporate family rating (CFR) of Eskom Holdings SOC Limited (Eskom) and the zero coupon eurobonds to B2 from B1 in line with the CFR.  "The rating action reflects the fact that, despite a number... 

Moody's downgrades Eskom's ratings to a negative outlook

Huge petrol price hike to kick in next Wednesday

By: News24Wire      28th March 2018 The price of 95 unleaded and leaded petrol in Gauteng will increase by 72c/l and at the coast 62c/l with effect from next Wednesday, the Department of Energy announced on Wednesday. The per litre pump price of 93 unleaded and leaded petrol will increase 69c/l in Gauteng and 59c/l at the coast,... 

 Huge petrol price hike to kick in next Wednesday

Ghanaians protest over expanded military co-operation deal with US

By: Reuters     28th March 2018 Thousands of people protested in Ghana's capital Accra on Wednesday against the expansion of its defence cooperation with the United States, in a rare public display of opposition to the growing foreign military presence in West Africa. Demonstrators blowing vuvuzelas and beating drums filled... 

National Minimum Wage to reduce poverty, inequality 

By: African News Agency      28th March 2018 South Africa's labour department on Wednesday, urged industries that were paying below the proposed National Minimum Wage (NMW) to “up their game”. Director of Employment Standards at the department, Stephen Rathai, said all sectoral determinations paying below the R20 per hour as proposed by NMW... 

National Minimum Wage to reduce poverty, inequality

UJ researchers discover promising anti-cancer drugs

By: African News Agency      28th March 2018 A new family of very promising silver-based anti-cancer drugs has been discovered by researchers in South Africa. Head of the Department of Biochemistry at the University of Johannesburg (UJ), Professor Marianne Cronjé, said on Wednesday that the most promising silver thiocyanate phosphine... 

UJ researchers discover promising anti-cancer drugs

Construction set to begin on ‘flagship’ 40 MW Moz solar project

By: Terence Creamer     28th March 2018 Oslo-listed renewable-energy developer Scatec Solar, which has its African regional hub in Cape Town, South Africa, expects to begin constructing a 40 MW solar photovoltaic (PV) project in Mozambique in the coming weeks after the project reached financial close in early March. GM and VP for... 

Construction set to begin on ‘flagship’ 40 MW Moz solar project
Scatec Solar's Kalkbult solar farm in South Africa

SCA dismisses Gigaba's appeal against Oppenheimers' VIP terminal 

By: News24Wire      28th March 2018 Home Affairs Minister Malusi Gigaba's bid to overturn his own decision to let Fireblade Aviation Oppenheimer operate a private VIP terminal at OR Tambo International Airport was dismissed by the Supreme Court of Appeal in Bloemfontein on Wednesday. "The minister cannot rely on his own unlawful... 

SCA dismisses Gigaba's appeal against Oppenheimers' VIP terminal
Home Affairs Minister Malusi Gigaba

Financial M&A deals in Africa, Middle East to drop in 2018 – Baker McKenzie

By: Marleny Arnoldi     28th March 2018 Law firm Baker McKenzie’s global transactions forecast predicts that the value of financial sector mergers and acquisitions (M&A) in Africa and the Middle East will drop to $9-billion in 2018, down sharply from $29.5-billion in 2017.  

City of Cape Town's planned hikes for water, sanitation, electricity and rates  

By: News24Wire      28th March 2018 The introduction of fixed charges for water and electricity and a hefty increase in water and sanitation tariffs are some of the proposals for the next year in the City of Cape Town's draft budget, tabled on Wednesday. The total proposed budget for the new financial year that starts in June is... 

City of Cape Town's planned hikes for water, sanitation, electricity and rates

SARB trims repo rate as inflation slows

By: Reuters     28th March 2018 The South African Reserve Bank (SARB) trimmed its benchmark repo rate to 6.5% on Wednesday, in another boost for the economy after ratings agency Moody's left the country's last investment-grade credit rating intact. The 25 basis point cut had been expected by traders and economists, after a... 

SARB trims repo rate as inflation slows
Photo by Reuters
SARB governor Lesetja Kganyago

Policy implementation vital to ‘vibrant’ energy sector in Africa

By: Simone Liedtke     28th March 2018 Growth in renewable energy investment in developing countries has overtaken that of developed countries, which is testament to the role renewable energy plays in the energy sector, says Energy Security Services Africa head for strategic energy and client delivery Gareth Gregory. This, he told... 

Policy implementation vital to ‘vibrant’ energy sector in Africa
Photo by Simone Liedtke
Energy Security Services (ESS) Head for Strategic Energy and Client Delivery Gareth Gregory

Basil Read outlines turnaround plan as auditor issues going-concern warning

By: Irma Venter     28th March 2018 Basil Read remains a viable business, despite the group’s auditors noting their apprehension regarding the company’s ability to continue as a going concern, says CEO Khathutshelo Mapasa, who took over the reins at the company in October. PricewaterhouseCoopers noted in Basil Read’s annual results... 

 Basil Read outlines turnaround plan as auditor issues going-concern warning

Next-generation Ranger investment decision 'imminent', says Ford

By: Irma Venter     28th March 2018 US car maker Ford’s decision on where to produce the next-generation Ranger pickup “is imminent”, says Ford Middle East and Africa president Jacques Brent. South Africa is currently one of three global production sites for the Ranger. 

 Next-generation Ranger investment decision 'imminent', says Ford
Jacques Brent

East Africa looking to smart grids for cost-effective way to deliver electricity – US firm

By: African News Agency      28th March 2018 East African countries are increasingly looking to smart grids and associated technologies as a cost effective and scalable way to deliver electricity quickly and reliably, an industry official said. Delegates from Kenya, Ethiopia, Rwanda, and Uganda recently participated in business meetings and... 

M&R's fifth-largest investor rejects Aton's buyout bid

By: Reuters     28th March 2018 The fifth-largest shareholder in Murray & Roberts (M&R) plans to reject a hostile buyout bid from Germany's Aton that values the South African builder at nearly $600-million. "The offer of R15 per share is below what we believe is fair value. As a result we won't be committing to sell into this... 

Next-gen cost saving strategies needed for digital disruption age - Deloitte

By: Marleny Arnoldi     28th March 2018 Professional services firm Deloitte has revealed its next generation of cost savings strategies in the age of digital disruption.  

EIB pumps $25m into off-grid solar project

By: Marleny Arnoldi     28th March 2018 The European Investment Bank (EIB) has provided $25-million in financing for off-grid solar lighting company d.light to strengthen access to energy in Africa.  

EOH grows revenue, but profit falls in H1

By: Schalk Burger     28th March 2018 JSE-listed information technology services multinational EOH has grown its revenue for the six months ended January 31, by 19% to R8.35-billion compared with R7.03-billion in the corresponding period in 2017. Its profit, however, decreased by 6.5% year-on-year to R784-million as a result of... 

Africa struggles to meet energy demand and reduce carbon emissions 

By: Simone Liedtke     28th March 2018 The global energy sector is faced with the dual challenge of meeting growing energy demand, while simultaneously needing to lower carbon dioxide (CO2) emissions in the energy system, says MIT Energy Initiative director Robert Armstrong. Speaking at the twenty-first Power and Electricity World... 

Park Inn by Radisson installs Cape Town’s first PVT project

By: Marleny Arnoldi     28th March 2018 Hotel brand Park Inn by Radisson, together with hybrid solar products producer Solarus, have installed a large-scale commercial hybrid photovoltaic and thermal (PVT) project in Cape Town’s central business district – the first PVT project in the city.  

Park Inn by Radisson installs Cape Town’s first PVT project
Large-scale commercial hybrid photovoltaic and thermal project in Cape Town

Tè Power starts construction on $121m Guinea IPP project

By: Marleny Arnoldi     28th March 2018 Guinea-based special purpose company Tè Power Company, which is sponsored by Africa-focused energy project developer Endeavour Energy, has reached financial close and started construction on the $121-million Tè Power Plant project – a 50 MW greenfield thermal power plant in Conakry, Guinea.  

MAN expands retail operations

By: Marleny Arnoldi     28th March 2018 Commercial vehicle provider MAN’s retail operations will on April 1 open a wholly owned operation in Port Elizabeth, which the company considers to be an important location on the Garden Route, to offer support to its clients.  

WTO chief sees no sign of US walking away from WTO

By: Reuters     28th March 2018 There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast on Wednesday. US President Donald Trump has launched a series of... 

Cape Town water consumption drops by 43m litres

By: News24Wire      28th March 2018 Capetonians have managed to get water usage down to 522-million litres per day over the past week – 43-million litres less than the previous week's water usage. The City of Cape Town still requires Capetonians to reduce collective usage to 450-million litres per day or 50l per person per day. "We... 

Cape Town water consumption drops by 43m litres

M&R board labels Aton offer 'opportunistic'

By: Marleny Arnoldi     27th March 2018 JSE-listed Murray & Roberts’ (M&R’s) independent board review has concluded that German investment holdings company Aton's planned offer of R15 a share is “opportunistic” and that Aton is unlikely to successfully delist M&R after the takeover. M&R reported on Tuesday that Aton’s proposed cash... 

Communications Committee recommends removal of Icasa chair

By: Creamer Media Reporter      27th March 2018 The Portfolio Committee on Communications has recommended the removal of Rubben Mohlaloga from the Independent Communications Authority of South Africa (Icasa) council. This follows a request from Communications Minister Nomvula Mokonyane to start the removal process after the Pretoria... 

Youth Employment Service to benefit 1m young people  

By: Marleny Arnoldi     27th March 2018 President Cyril Ramaphosa on Tuesday launched the Youth Employment Service (Yes) initiative – a business-led partnership with government, labour and society, that aims to empower one-million young South Africans between the ages of 18 and 34 through paid work experiences over the next three years.  

Youth Employment Service to benefit 1m young people
President Cyril Ramaphosa announces youth employment service launch. Video and editing: Nicholas Boyd

SMEs increasingly worried about water shortages

By: Natasha Odendaal     27th March 2018 The ongoing drought and subsequent water shortage has become a top contender in what is keeping small business owners awake at night. In a similar manner in which load-shedding had worried small and medium-sized enterprises (SMEs) up until 2015/16, and even 2017, the looming significance of water... 

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